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 September 29, 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 November 1, 2013
Units Representing Limited Partner Interests	55,715,198

CEDAR FAIR, L.P.

INDEX

FORM 10 - Q

Part I - Financial Information
Item 1.	Financial Statements	3-36
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	37-47
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	47-48
Item 4.	Controls and Procedures	48
Part II - Other Information
Item 1.	Legal Proceedings	48-49
Item 1A.	Risk Factors	49
Item 5.	Other Information	49
Item 6.	Exhibits	50
Signatures		51
Index to Exhibits		52

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

	9/29/2013			12/31/2012			9/30/2012
ASSETS							(As restated)
Current Assets:
Cash and cash equivalents	$	183,482		$	78,830		$	96,102
Receivables	42,534			18,192			29,357
Inventories	29,316			27,840			33,593
Current deferred tax asset	8,185			8,184			10,345
Income tax refundable	662			—			10,454
Other current assets	8,964			8,060			7,443
	273,143			141,106			187,294
Property and Equipment:
Land	298,589			303,348			309,257
Land improvements	351,731			339,081			347,631
Buildings	584,066			584,854			581,513
Rides and equipment	1,506,895			1,450,231			1,490,289
Construction in progress	18,990			28,971			10,898
	2,760,271			2,706,485			2,739,588
Less accumulated depreciation	(1,245,597		)	(1,162,213		)	(1,183,589		)
	1,514,674			1,544,272			1,555,999
Goodwill	241,936			246,221			247,663
Other Intangibles, net	40,025			40,652			40,865
Other Assets	31,269			47,614			50,171
	$	2,101,047		$	2,019,865		$	2,081,992
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	6,300		$	—		$	—
Accounts payable	21,877			10,734			22,596
Deferred revenue	37,627			39,485			34,682
Accrued interest	10,253			15,512			7,012
Accrued taxes	39,393			17,813			52,404
Accrued salaries, wages and benefits	39,621			24,836			36,219
Self-insurance reserves	24,088			23,906			23,092
Other accrued liabilities	7,618			5,916			10,843
	186,777			138,202			186,848
Deferred Tax Liability	157,603			153,792			140,113
Derivative Liability	31,646			32,260			34,708
Other Liabilities	9,073			8,980			7,380
Long-Term Debt:
Term debt	622,125			1,131,100			1,131,100
Notes	901,606			401,080			400,676
	1,523,731			1,532,180			1,531,776
Commitments and Contingencies (Note 10)
Partners’ Equity:
Special L.P. interests	5,290			5,290			5,290
General partner	2			1			1
Limited partners, 55,714, 55,618 and 55,519 units outstanding at September 29, 2013, December 31, 2012 and September 30, 2012, respectively	206,428			177,660			207,933
Accumulated other comprehensive loss	(19,503		)	(28,500		)	(32,057		)
	192,217			154,451			181,167
	$	2,101,047		$	2,019,865		$	2,081,992

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

(In thousands, except per unit amounts)

	Three months ended						Nine months ended						Twelve months ended
	9/29/2013			9/30/2012			9/29/2013			9/30/2012			9/29/2013			9/30/2012
Net revenues:				(As restated)						(As restated)						(As restated)
Admissions	$	339,655		$	319,607		$	562,214		$	533,143		$	641,140		$	624,030
Food, merchandise and games	180,408			171,336			316,940			305,203			353,951			347,374
Accommodations and other	72,013			62,502			116,341			100,903			129,609			112,690
	592,076			553,445			995,495			939,249			1,124,700			1,084,094
Costs and expenses:
Cost of food, merchandise and games revenues	45,843			47,353			81,933			83,926			93,055			96,002
Operating expenses	170,394			163,311			388,335			380,832			458,906			460,125
Selling, general and administrative	58,727			52,993			125,533			115,488			148,356			145,788
Depreciation and amortization	57,495			60,223			108,313			112,211			122,408			127,191
Gain on sale of other assets	(8,743		)	—			(8,743		)	—			(15,368		)	—
Loss on impairment / retirement of fixed assets, net	1,637			25,000			2,266			24,230			8,372			34,509
	325,353			348,880			697,637			716,687			815,729			863,615
Operating income	266,723			204,565			297,858			222,562			308,971			220,479
Interest expense	25,529			26,863			77,153			83,902			103,870			116,437
Net effect of swaps	1,377			(175		)	8,315			(1,318		)	8,141			(10,930		)
Loss on early debt extinguishment	—			—			34,573			—			34,573			—
Unrealized/realized foreign currency (gain) loss	(8,615		)	(15,035		)	15,229			(13,926		)	20,157			(18,721		)
Other income	(17		)	(13		)	(126		)	(31		)	(163		)	(68		)
Income before taxes	248,449			192,925			162,714			153,935			142,393			133,761
Provision for taxes	58,025			51,912			34,026			41,754			24,030			27,858
Net income	190,424			141,013			128,688			112,181			118,363			105,903
Net income allocated to general partner	2			1			1			1			1			1
Net income allocated to limited partners	$	190,422		$	141,012		$	128,687		$	112,180		$	118,362		$	105,902
Net income	$	190,424		$	141,013		$	128,688		$	112,181		$	118,363		$	105,903
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(699		)	(563		)	1,194			(1,251		)	2,814			(2,672		)
Unrealized income (loss) on cash flow hedging derivatives	(2,761		)	(234		)	7,803			(1,798		)	9,740			(397		)
Other comprehensive income (loss), (net of tax)	(3,460		)	(797		)	8,997			(3,049		)	12,554			(3,069		)
Total comprehensive income	$	186,964		$	140,216		$	137,685		$	109,132		$	130,917		$	102,834
Basic earnings per limited partner unit:
Weighted average limited partner units outstanding	55,485			55,611			55,472			55,473			55,460			55,440
Net income per limited partner unit	$	3.43		$	2.54		$	2.32		$	2.02		$	2.13		$	1.91
Diluted earnings per limited partner unit:
Weighted average limited partner units outstanding	55,863			55,992			55,803			55,848			55,804			55,887
Net income per limited partner unit	$	3.41		$	2.52		$	2.31		$	2.01		$	2.12		$	1.89

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 NINE MONTHS ENDED SEPTEMBER 29, 2013

(In thousands)

	Nine months ended
	9/29/13
Limited Partnership Units Outstanding
Beginning balance	55,618
Limited partnership unit options exercised	3
Issuance of limited partnership units as compensation	93
	55,714
Limited Partners’ Equity
Beginning balance	$	177,660
Net income	128,687
Partnership distribution declared ($1.88 per limited partnership unit)	(104,458		)
Expense recognized for limited partnership unit options	680
Limited partnership unit options exercised	43
Tax effect of units involved in option exercises and treasury unit transactions	(148		)
Issuance of limited partnership units as compensation	3,964
	206,428
General Partner’s Equity
Beginning balance	1
Net income	1
	2
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 ($689)	1,194
	(1,557		)
Unrealized loss on cash flow hedging derivatives:
Beginning balance	(25,749		)
Current period activity, net of tax ($1,125)	7,803
	(17,946		)
	(19,503		)
Total Partners’ Equity	$	192,217

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)

	Nine months ended						Twelve months ended
	9/29/2013			9/30/2012			9/29/2013			9/30/2012
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES				(As restated)						(As restated)
Net income	$	128,688		112,181			$	118,363		$	105,903
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	108,313			112,211			122,408			127,191
Loss on early debt extinguishment	34,573			—			34,573			—
Loss on impairment / retirement of fixed assets, net	2,266			24,230			8,372			34,509
Gain on sale of other assets	(8,743		)	—			(15,368		)	—
Net effect of swaps	8,315			(1,318		)	8,141			(10,930		)
Non-cash expense (income)	23,875			(3,006		)	32,245			(608		)
Net change in working capital	16,031			23,243			(6,769		)	7,940
Net change in other assets/liabilities	3,637			9,203			22,883			8,549
Net cash from operating activities	316,955			276,744			324,848			272,554
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Sale of other assets	15,297			1,173			30,182			1,173
Capital expenditures	(97,534		)	(75,810		)	(116,761		)	(93,120		)
Net cash for investing activities	(82,237		)	(74,637		)	(86,579		)	(91,947		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
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	(1,132,675		)	(25,000		)	(1,132,675		)	(25,000		)
Distributions paid to partners	(104,458		)	(66,565		)	(126,706		)	(105,308		)
Exercise of limited partnership unit options	43			47			43			53
Payment of debt issuance costs	(22,812		)	—			(22,812		)	(723		)
Excess tax benefit from unit-based compensation expense	(148		)	(454		)	1,515			(454		)
Net cash for financing activities	(130,050		)	(142,422		)	(150,635		)	(181,882		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(16		)	893			(254		)	1,065
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	104,652			60,578			87,380			(210		)
Balance, beginning of period	78,830			35,524			96,102			96,312
Balance, end of period	$	183,482		$	96,102		$	183,482		$	96,102
SUPPLEMENTAL INFORMATION
Cash payments for interest expense	$	78,852		$	86,018		$	94,717		$	114,470
Interest capitalized	1,175			1,984			1,406			2,951
Cash payments for income taxes, net of refunds	11,746			8,761			4,768			8,876

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

6

CEDAR FAIR, L.P.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIODS ENDED SEPTEMBER 29, 2013 AND SEPTEMBER 30, 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 (consisting of normal recurring 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 September 29, 2013 and September 30, 2012 to accompany the quarterly results. Because amounts for the fiscal twelve months ended September 29, 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 September 29, 2013 and September 30, 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 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 endedSeptember 29, 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. The Partnership adopted this guidance during the first quarter of 2013 and it did not impact its 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 ("AOCI") 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 Other Comprehensive Income ("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. The Partnership does not anticipate this guidance having a material impact on its consolidated financial statements.

On July 17, 2013, the FASB issued ASU 2013-10 "Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes (a consensus of the FASB Emerging Issues Task Force)". The ASU amends ASC 815 to allow entities to use the Fed Funds Effective Swap Rate, in addition to U.S. Treasury rates and LIBOR, as a benchmark interest rate in accounting for fair value and cash flow hedges in the United States. The ASU also eliminates the provision from ASC 815-20-25-6 that prohibits the use of different benchmark rates for similar hedges except in rare and justifiable circumstances. The ASU is effective prospectively for qualifying new hedging relationships entered into on or after July 17, 2013 (i.e., the ASU’s issuance date), and for hedging relationships redesignated on or after that date. The Partnership adopted this guidance in the third quarter and no material impact on its financial statements occurred.

On July 18, 2013, the FASB issued ASU 2013-11 "Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force)". The ASU provides guidance on financial statement presentation of an unrecognized tax benefit ("UTB") when a net operating loss ("NOL") carryforward, a similar tax loss, or a tax credit carryforward exists. The FASB’s objective in issuing this ASU is to eliminate diversity in practice resulting from a lack of guidance on this topic in current U.S. GAAP. Under the ASU, an entity must present a UTB, or a portion of a UTB, in the financial statements as a reduction to a deferred tax asset ("DTA") for an NOL carryforward, a similar tax loss, or a tax credit carryforward except when:

• An NOL carryforward, a similar tax loss, or a tax credit carryforward is not available as of the reporting date under the governing tax law to settle taxes that would result from the disallowance of the tax position.

• The entity does not intend to use the DTA for this purpose (provided that the tax law permits a choice).

If either of these conditions exists, an entity should present a UTB in the financial statements as a liability and should not net the UTB with a DTA. New recurring disclosures are not required because the ASU does not affect the recognition or measurement of uncertain tax positions under ASC 740. The ASU’s amendments are effective for fiscal years beginning after December 15, 2013, and interim periods within those years. The Partnership does not anticipate this guidance having a material impact on its consolidated financial statements.

8

(2) Interim Reporting:

The Partnership owns and operates eleven amusement parks, three 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.

(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 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.

9

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

A summary of changes in the Partnership’s carrying value of goodwill for the nine months ended September 29, 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	(4,285		)	—			(4,285		)
Balance at September 29, 2013	$	321,804		$	(79,868	)	$	241,936

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At September 29, 2013, December 31, 2012, and September 30, 2012 the Partnership’s other intangible assets consisted of the following:

September 29, 2013	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	39,615	$	—	$	39,615
License / franchise agreements	799		389		410
Total other intangible assets	$	40,414	$	389	$	40,025
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
September 30, 2012
(In thousands)
Other intangible assets:
Trade names	$	40,425	$	—	$	40,425
License / franchise agreements	790		350		440
Total other intangible assets	$	41,215	$	350	$	40,865

Amortization expense of other intangible assets for the nine months ended September 29, 2013 and September 30, 2012 was $29,000 and $29,000, respectively. The estimated amortization expense for the remainder of 2013 is $10,000. 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 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.

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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 September 29, 2013, the Partnership’s Consolidated Leverage Ratio was 3.57x, providing $184.1 million of consolidated EBITDA cushion on the ratio as of the end of the third quarter. The Partnership was in compliance with all other covenants under the 2013 Credit Agreement as of September 29, 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%.

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 used within the Partnership’s overall risk management program to manage certain interest rate and foreign currency risks. By utilizing a derivative instrument to hedge our exposure to LIBOR rate changes, the Partnership is exposed to credit risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. To mitigate this risk, hedging instruments are placed with a counterparty that the Partnership believes poses minimal credit risk.

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

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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, resulting in no hedging relationship for these swaps. On March 4, 2013, the Partnership 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 (together referred to as the "Combination Swaps"), and designated as cash flow hedges, effectively converting $600 million of variable-rate debt to fixed rates. The Combination Swaps, which were 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 and March 2011 swaps was $22.2 million. Amounts in Accumulated Other Comprehensive Income (“AOCI”) at the time of de-designation related to these swaps was $26.1 million. This amount is being amortized out of AOCI into expense in "Net effect of swaps" in the unaudited condensed consolidated statements of operations and comprehensive income through 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. During the third quarter of 2013, the Combination Swaps were de-designated as the hedge effectiveness testing indicated that these swaps would be ineffective throughout the remaining periods until maturity. This de-designation had no effect on the unaudited condensed consolidated statements of operations as previous amounts recorded in AOCI had already been accounted for on March 6, 2013.

During the third quarter of 2013, the Partnership entered into three forward-starting interest rate swap agreements ("2013 forwards") that will effectively convert $400 million of variable-rate debt to fixed rates beginning in December of 2015. These swaps, which were designated as cash flow hedges, mature on December 31, 2018 and fix LIBOR at a weighted average rate of 3.00%.

The fair market value of the derivative portfolio at September 29, 2013 was a liability of $31.6 million, which 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.

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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
		September 29, 2013			December 31, 2012			September 30, 2012
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(5,483	)	$	(32,260	)	$	(34,708	)
Total derivatives designated as hedging instruments		$	(5,483	)	$	(32,260	)	$	(34,708	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(26,163	)	$	—		$	—
Total derivatives not designated as hedging instruments		$	(26,163	)	$	—		$	—
Net derivative liability		$	(31,646	)	$	(32,260	)	$	(34,708	)

The following table presents our 2013 forwards which mature December 31, 2018, and the Combination Swaps and May 2011 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	3.00	%	$	200,000	2.27	%
	100,000		3.00	%	150,000		2.43	%
	100,000		3.00	%	75,000		2.30	%
					70,000		2.54	%
					50,000		2.54	%
					50,000		2.54	%
					50,000		2.43	%
					50,000		2.29	%
					50,000		2.29	%
					30,000		2.54	%
					25,000		2.30	%
Total $'s / Average Rate	$	400,000	3.00	%	$	800,000	2.38	%

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended September 29, 2013 and September 30, 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
	9/29/13			9/30/12			9/29/13		9/30/12				9/29/13		9/30/12
Interest rate swaps	$	(5,483	)	$	438	Interest Expense	$	—	$	(2,990	)	Net effect of swaps	$	—	$	—

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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
		9/29/13		9/30/12
Interest rate swaps (1)	Net effect of swaps	609		—
		$	609	$	—

(1) The May 2011 interest rate swaps were de-designated in March 2013. The Combination Swaps were de-designated in July 2013.

During the quarter ended September 29, 2013, in addition to gains of $0.6 million recognized in income on the derivatives not designated as cash flow hedges (as noted in the tables above), $2.0 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 $1.4 million recorded in “Net effect of swaps.”

For the three-month period ended September 30, 2012, $0.2 million of income representing the amortization of amounts in AOCI was recorded in “Net effect of swaps” in the condensed consolidated statements of operations. The effect of this amortization resulted in a benefit to earnings of $0.2 million recorded in “Net effect of swaps.”

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the nine-month periods ended September 29, 2013 and September 30, 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	Nine months ended			Nine months ended				Nine months ended			Nine months ended				Nine months ended		Nine months ended
	9/29/13			9/30/12				9/29/13			9/30/12				9/29/13		9/30/12
Interest rate swaps	$	(3,217	)	$	(2,308	)	Interest Expense	$	(2,797	)	$	(9,004	)	Net effect of swaps	$	3,703	$	—

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Nine months ended		Nine months ended
		9/29/13		9/30/12
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	130		—
		$	130	$	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. The Combination Swaps were de-designated in July 2013.

During the nine-month period ended September 29, 2013, in addition to the $3.7 million gain recognized in income on the ineffective portion of derivatives and $0.1 million gain 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 $4.3 million of expense representing the regular amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations for the period. The effect of these amounts resulted in a charge to earnings of $8.3 million recorded in “Net effect of swaps.”

For the nine-month period ended September 30, 2012, in addition to the $1.3 million gain recognized in income on the ineffective portion of derivatives noted in the tables above, $0.2 million of expense representing the amortization of amounts in AOCI for the swaps and $0.2 million of foreign currency gain in the period related to the U.S. dollar denominated Canadian term loan were

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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 $1.3 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 September 29, 2013 and September 30, 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
	9/29/13			9/30/12				9/29/13			9/30/12				9/29/13		9/30/12
Interest rate swaps	$	(769	)	$	(873	)	Interest Expense	$	(5,820	)	$	(12,027	)	Net effect of swaps	$	3,703	$	4,797

(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
		9/29/13		9/30/12
Cross-currency swaps (1)	Net effect of swaps	—		(4,483		)
Foreign currency swaps	Net effect of swaps	—		10,129
Interest rate swaps (2)	Net effect of swaps	$	130	$	—
		$	130	$	5,646

(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. The Combination Swaps were de-designated in July 2013.

In addition to the $3.7 million gain recognized in income on the ineffective portion of derivatives and $0.1 million gain recognized in income on the ineffective portion of 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 $4.1 million of expense representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended September 29, 2013 in the condensed consolidated statements of operations. The net effect of these amounts resulted in a charge to earnings for the trailing twelve month period of $8.1 million recorded in “Net effect of swaps.”

For the twelve-month period ending September 30, 2012, in addition to the $4.8 million gain recognized in income on the ineffective portion of derivatives designated as derivatives and $5.6 million of gain recognized in income on the ineffective portion of derivatives not designated as derivatives noted in the tables above, $0.1 million of income representing the amortization of amounts in AOCI for the swaps and a $0.4 million foreign currency gain in the twelve month period related to the U.S. dollar denominated Canadian term loan was recorded during the trailing twelve months ended September 30, 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 $10.9 million recorded in “Net effect of swaps.”

(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.

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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 September 29, 2013, December 31, 2012, and September 30, 2012 on a recurring basis:

	Total			Level 1		Level 2			Level 3
September 29, 2013
(In thousands)
Interest rate swap agreements (1)	$	(5,483	)	$	—	$	(5,483	)	$	—
Interest rate swap agreements (2)	(26,163		)	—		(26,163		)	—
Net derivative liability	$	(31,646	)	$	—	$	(31,646	)	$	—
December 31, 2012
Interest rate swap agreements (1)	$	(32,260	)	$	—	$	(32,260	)	$	—
Net derivative liability	$	(32,260	)	$	—	$	(32,260	)	$	—
September 30, 2012
Interest rate swap agreements (1)	$	(34,708	)	$	—	$	(34,708	)	$	—
Net derivative liability	$	(34,708	)	$	—	$	(34,708	)	$	—

(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 September 29, 2013.

The carrying value of cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities approximates fair value because of the short maturity of these instruments.

There were no assets measured at fair value on a non-recurring basis at September 29, 2013 or September 30, 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 September 29, 2013 was approximately $627.6 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 September 29, 2013 was approximately $922.0 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 per limited partner unit is calculated based on the following unit amounts:

	Three months ended				Nine months ended				Twelve months ended
	9/29/2013		9/30/2012		9/29/2013		9/30/2012		9/29/2013		9/30/2012
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,485		55,611		55,472		55,473		55,460		55,440
Effect of dilutive units:
Unit options and restricted unit awards	189		45		146		42		120		31
Phantom units	189		336		185		333		224		416
Diluted weighted average units outstanding	55,863		55,992		55,803		55,848		55,804		55,887
Net income per unit - basic	$	3.43	$	2.54	$	2.32	$	2.02	$	2.13	$	1.91
Net income per unit - diluted	$	3.41	$	2.52	$	2.31	$	2.01	$	2.12	$	1.89

The effect of unit options on the three, nine and twelve months ended September 29, 2013, had they not been out of the money or antidilutive, would have been zero, 7,000, and 4,000 units, respectively. The effect of out-of-the-money and/or antidilutive unit options on the three, nine and twelve months ended September 30, 2012, had they not been out of the money or antidilutive, would have been 66,000, 34,000 and 36,000 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 third 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:

The Partnership has made the following correction relating to its use of the composite depreciation method.

This correction, which impacts the Balance Sheet at September 30, 2012 and the Statement of Operations and Other Comprehensive Income for the three-, nine-, and twelve-month periods ended September 30, 2012, reflects a subsequent determination that a disposition from the Partnership's 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 a response to an SEC comment letter. The Partnership ultimately concluded that such disposition was unusual and that an $8.8 millioncharge should be reflected in the 2011 financial statements.

18

The tables below reflect the impact on the financial statements of the correction as described above.

Balance Sheet
(In thousands)	9/30/2012
Accumulated depreciation
As filed	$	(1,175,744	)
Correction	(7,845		)
As restated	$	(1,183,589	)
Total assets
As filed	$	2,089,837
Correction	(7,845		)
As restated	$	2,081,992
Deferred Tax Liability
As filed	$	143,094
Correction	(2,981		)
As restated	$	140,113
Limited Partners' Equity
As filed	$	212,797
Correction	(4,864		)
As restated	$	207,933

19

Statements of Operations and Other Comprehensive Income
(In thousands except per unit amounts)	Three months ended			Nine months ended			Twelve months ended
	9/30/2012			9/30/2012			9/30/2012
Depreciation and amortization
As filed	$	60,747		$	113,156		$	128,136
Correction	(524		)	(945		)	(945		)
As restated	$	60,223		$	112,211		$	127,191
Loss (gain) on impairment / retirement of fixed assets, net
As filed	$	25,000		$	24,230		$	25,719
Correction	—			—			8,790
As restated	$	25,000		$	24,230		$	34,509
Income (loss) before tax
As filed	$	192,401		$	152,990		$	141,606
Correction	524			945			(7,845		)
As restated	$	192,925		$	153,935		$	133,761
Provision (benefit) for taxes
As filed	$	51,713		$	41,395		$	30,839
Correction	199			359			(2,981		)
As restated	$	51,912		$	41,754		$	27,858
Net income (loss)
As filed	$	140,688		$	111,595		$	110,767
Correction	325			586			(4,864		)
As restated	$	141,013		$	112,181		$	105,903
Basic earnings per limited partner unit:
As filed	$	2.53		$	2.01		$	2.00
Correction	0.01			0.01			(0.09		)
As restated	$	2.54		$	2.02		$	1.91
Diluted earnings per limited partner unit:
As filed	$	2.51		$	2.00		$	1.98
Correction	0.01			0.01			(0.09		)
As restated	$	2.52		$	2.01		$	1.89

20

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

The following tables reflect the changes in Accumulated Other Comprehensive Income (Loss) related to limited partners' equity for the three-, nine-, and twelve-month periods ended September 29, 2013:

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)
Other comprehensive income before reclassifications		(4,440		)	(699		)	(5,139		)
Amounts reclassified from accumulated other comprehensive income (2)		1,679			—			1,679
Net current-period other comprehensive income		(2,761		)	(699		)	(3,460		)
September 29, 2013		$	(17,946	)	$	(1,557	)	$	(19,503	)

(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.

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at December 31, 2012		$	(25,749	)	$	(2,751	)	$	(28,500	)
Other comprehensive income before reclassifications		(2,500		)	1,194			(1,306		)
Amounts reclassified from accumulated other comprehensive income (2)		10,303			—			10,303
Net current-period other comprehensive income		7,803			1,194			8,997
September 29, 2013		$	(17,946	)	$	(1,557	)	$	(19,503	)

(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.

21

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at September 30, 2012		$	(27,686	)	$	(4,371	)	$	(32,057	)
Other comprehensive income before reclassifications		(416		)	2,814			2,398
Amounts reclassified from accumulated other comprehensive income (2)		10,156			—			10,156
Net current-period other comprehensive income		9,740			2,814			12,554
September 29, 2013		$	(17,946	)	$	(1,557	)	$	(19,503	)

(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	3 months ended 9/29/13			9 months ended 9/29/13			12 months ended 9/29/13
Interest rate contracts	$	1,986		$	12,146		$	11,972		Net effect of swaps
	$	1,986		$	12,146		$	11,972		Total before tax
	(307		)	(1,843		)	(1,816		)	Provision (benefit) for taxes
	$	1,679		$	10,303		$	10,156		Net of tax

(1) Amounts in parentheses indicate debits.

22

(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 September 29, 2013, December 31, 2012, and September 30, 2012 and for the three, nine and twelve month periods ended September 29, 2013 and September 30, 2012. In lieu of providing separate unaudited financial statements for the guarantor subsidiaries, the Partnership has 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 September 29, 2013, December 31, 2012 and September 30, 2012 balance sheets in the accompanying condensed consolidating financial statements.

The consolidating financial information has been corrected for the information described in Note 11.

23

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

September 29, 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	$	133,000	$	2,293	$	36,187	$	12,002	$	—		$	183,482
Receivables	12		124,478		70,303		589,797		(742,056		)	42,534
Inventories	—		1,578		2,090		25,648		—			29,316
Current deferred tax asset	—		3,708		816		3,661		—			8,185
Income tax refundable	—		—		662		—		—			662
Other current assets	995		3,558		613		3,798		—			8,964
	134,007		135,615		110,671		634,906		(742,056		)	273,143
Property and Equipment (net)	450,205		985		248,484		815,000		—			1,514,674
Investment in Park	548,241		824,356		143,548		81,719		(1,597,864		)	—
Goodwill	9,061		—		121,657		111,218		—			241,936
Other Intangibles, net	—		—		17,228		22,797		—			40,025
Deferred Tax Asset	—		30,316		—		90		(30,406		)	—
Intercompany Receivable	877,010		1,069,069		1,113,983		—		(3,060,062		)	—
Other Assets	13,196		9,031		6,902		2,140		—			31,269
	$	2,031,720	$	2,069,372	$	1,762,473	$	1,667,870	$	(5,430,388	)	$	2,101,047
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	6,300	$	6,300	$	6,300	$	—	$	(12,600	)	$	6,300
Accounts payable	281,983		159,781		7,802		314,367		(742,056		)	21,877
Deferred revenue	—		—		1,951		35,676		—			37,627
Accrued interest	2,677		1,593		5,983		—		—			10,253
Accrued taxes	5,413		29,386		—		4,594		—			39,393
Accrued salaries, wages and benefits	1		27,622		2,154		9,844		—			39,621
Self-insurance reserves	—		5,545		1,896		16,647		—			24,088
Other accrued liabilities	991		4,077		694		1,856		—			7,618
	297,365		234,304		26,780		382,984		(754,656		)	186,777
Deferred Tax Liability	—		—		61,143		126,866		(30,406		)	157,603
Derivative Liability	18,407		13,239		—		—		—			31,646
Other Liabilities	—		5,573		—		3,500		—			9,073
Long-Term Debt:
Term debt	622,125		622,125		622,125		—		(1,244,250		)	622,125
Notes	901,606		901,606		901,606		—		(1,803,212		)	901,606
	1,523,731		1,523,731		1,523,731		—		(3,047,462		)	1,523,731
Equity	192,217		292,525		150,819		1,154,520		(1,597,864		)	192,217
	$	2,031,720	$	2,069,372	$	1,762,473	$	1,667,870	$	(5,430,388	)	$	2,101,047

24

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012

(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

25

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

September 30, 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	$	43,000	$	2,263	$	40,278	$	10,561	$	—		$	96,102
Receivables	3		108,211		64,153		478,372		(621,382		)	29,357
Inventories	—		1,584		2,742		29,267		—			33,593
Current deferred tax asset	—		6,239		772		3,334		—			10,345
Income tax refundable	—		—		10,454		—		—			10,454
Other current assets	929		2,065		674		3,775		—			7,443
	43,932		120,362		119,073		525,309		(621,382		)	187,294
Property and Equipment (net)	425,747		1,025		272,951		856,276		—			1,555,999
Investment in Park	572,748		786,753		115,271		60,141		(1,534,913		)	—
Goodwill	9,061		—		127,384		111,218		—			247,663
Other Intangibles, net	—		—		18,039		22,826		—			40,865
Deferred Tax Asset	—		39,320		—		—		(39,320		)	—
Intercompany Receivable	877,208		1,069,721		1,116,623		—		(3,063,552		)	—
Other Assets	23,361		15,580		8,925		2,305		—			50,171
	$	1,952,057	$	2,032,761	$	1,778,266	$	1,578,075	$	(5,259,167	)	$	2,081,992
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	210,936	$	116,160	$	29,248	$	287,634	$	(621,382	)	$	22,596
Deferred revenue	—		—		4,544		30,138		—			34,682
Accrued interest	735		195		6,082		—		—			7,012
Accrued taxes	5,818		42,090		—		4,496		—			52,404
Accrued salaries, wages and benefits	—		24,864		2,365		8,990		—			36,219
Self-insurance reserves	—		4,751		1,698		16,643		—			23,092
Other accrued liabilities	824		4,097		2,417		3,505		—			10,843
	218,313		192,157		46,354		351,406		(621,382		)	186,848
Deferred Tax Liability	—		—		59,462		119,971		(39,320		)	140,113
Derivative Liability	20,801		13,907		—		—		—			34,708
Other Liabilities	—		3,880		—		3,500		—			7,380
Long-Term Debt:
Term debt	1,131,100		1,131,100		1,131,100		—		(2,262,200		)	1,131,100
Notes	400,676		400,676		400,676		—		(801,352		)	400,676
	1,531,776		1,531,776		1,531,776		—		(3,063,552		)	1,531,776
Equity	181,167		291,041		140,674		1,103,198		(1,534,913		)	181,167
	$	1,952,057	$	2,032,761	$	1,778,266	$	1,578,075	$	(5,259,167	)	$	2,081,992

26

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	83,285		$	161,866		$	82,265		$	509,467		$	(244,807	)	$	592,076
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			6,082			39,761			—			45,843
Operating expenses	1,669			76,468			19,042			318,022			(244,807		)	170,394
Selling, general and administrative	1,796			38,083			4,781			14,067			—			58,727
Depreciation and amortization	18,306			10			8,979			30,200			—			57,495
Gain on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	368			—			1			1,268			—			1,637
	22,139			114,561			38,885			394,575			(244,807		)	325,353
Operating income	61,146			47,305			43,380			114,892			—			266,723
Interest expense (income), net	10,858			6,901			9,731			(1,978		)	—			25,512
Net effect of swaps	810			567			—			—			—			1,377
Unrealized / realized foreign currency gain	—			—			(8,615		)	—			—			(8,615		)
Other (income) expense	188			(2,129		)	584			1,357			—			—
Income from investment in affiliates	(146,054		)	(78,714		)	(13,606		)	(40,904		)	279,278			—
Net income before taxes	195,344			120,680			55,286			156,417			(279,278		)	248,449
Provision for taxes	4,920			14,537			14,390			24,178			—			58,025
Net income	$	190,424		$	106,143		$	40,896		$	132,239		$	(279,278	)	$	190,424
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(699		)	—			(699		)	—			699			(699		)
Unrealized income (loss) on cash flow hedging derivatives	(2,761		)	(1,202		)	—			—			1,202			(2,761		)
Other comprehensive income (loss), (net of tax)	(3,460		)	(1,202		)	(699		)	—			1,901			(3,460		)
Total Comprehensive Income	$	186,964		$	104,941		$	40,197		$	132,239		$	(277,377	)	$	186,964

27

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended September 30, 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	$	79,663		$	141,134		$	88,334		$	464,902		$	(220,588	)	$	553,445
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			6,447			40,906			—			47,353
Operating expenses	1,368			74,191			18,736			289,604			(220,588		)	163,311
Selling, general and administrative	1,853			32,627			4,822			13,691			—			52,993
Depreciation and amortization	19,209			10			9,430			31,574			—			60,223
Loss on impairment / retirement of fixed assets, net	25,000			—			—			—			—			25,000
	47,430			106,828			39,435			375,775			(220,588		)	348,880
Operating income	32,233			34,306			48,899			89,127			—			204,565
Interest expense, net	12,213			7,258			9,897			(2,518		)	—			26,850
Net effect of swaps	(104		)	(71		)	—			—			—			(175		)
Unrealized / realized foreign currency gain	—			—			(15,035		)	—			—			(15,035		)
Other (income) expense	186			(2,043		)	512			1,345			—			—
Income from investment in affiliates	(125,636		)	(79,925		)	(11,355		)	(45,354		)	262,270			—
Income before taxes	145,574			109,087			64,880			135,654			(262,270		)	192,925
Provision for taxes	4,561			9,777			17,181			20,393			—			51,912
Net income	$	141,013		$	99,310		$	47,699		$	115,261		$	(262,270	)	$	141,013
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(563		)	—			(563		)	—			563			(563		)
Unrealized income (loss) on cash flow hedging derivatives	(234		)	48			—			—			(48		)	(234		)
Other comprehensive income (loss), (net of tax)	(797		)	48			(563		)	—			515			(797		)
Total Comprehensive Income	$	140,216		$	99,358		$	47,136		$	115,261		$	(261,755	)	$	140,216

28

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Nine Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	131,528		$	255,595		$	117,508		$	877,450		$	(386,586	)	$	995,495
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,076			72,857			—			81,933
Operating expenses	4,500			150,320			40,569			579,532			(386,586		)	388,335
Selling, general and administrative	4,310			81,584			9,360			30,279			—			125,533
Depreciation and amortization	31,672			28			15,797			60,816			—			108,313
Gain on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	404			—			479			1,383			—			2,266
	40,886			231,932			75,281			736,124			(386,586		)	697,637
Operating income	90,642			23,663			42,227			141,326			—			297,858
Interest expense (income), net	31,580			21,824			29,338			(5,715		)	—			77,027
Net effect of swaps	5,067			3,248			—			—			—			8,315
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			15,229			—			—			15,229
Other (income) expense	563			(6,645		)	1,967			4,115			—			—
Income from investment in affiliates	(104,833		)	(58,614		)	(18,318		)	(15,029		)	196,794			—
Income before taxes	137,090			51,069			13,394			157,955			(196,794		)	162,714
Provision (benefit) for taxes	8,402			(2,444		)	(1,596		)	29,664			—			34,026
Net income	$	128,688		$	53,513		$	14,990		$	128,291		$	(196,794	)	$	128,688
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,194			—			1,194			—			(1,194		)	1,194
Unrealized income on cash flow hedging derivatives	7,803			1,836			—			—			(1,836		)	7,803
Other comprehensive income, (net of tax)	8,997			1,836			1,194			—			(3,030		)	8,997
Total Comprehensive Income	$	137,685		$	55,349		$	16,184		$	128,291		$	(199,824	)	$	137,685

29

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Nine Months Ended September 30, 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	$	124,864		$	221,221		$	130,441		$	808,471		$	(345,748	)	$	939,249
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,988			73,938			—			83,926
Operating expenses	4,141			147,211			40,328			534,900			(345,748		)	380,832
Selling, general and administrative	4,841			70,848			9,877			29,922			—			115,488
Depreciation and amortization	33,436			28			16,415			62,332			—			112,211
Loss on impairment / retirement of fixed assets, net	24,221			—			9			—			—			24,230
	66,639			218,087			76,617			701,092			(345,748		)	716,687
Operating income	58,225			3,134			53,824			107,379			—			222,562
Interest expense, net	36,438			21,957			30,898			(5,422		)	—			83,871
Net effect of swaps	(35		)	192			(1,475		)	—			—			(1,318		)
Unrealized / realized foreign currency gain	—			—			(13,926		)	—			—			(13,926		)
Other (income) expense	561			(7,119		)	1,221			5,337			—			—
Income from investment in affiliates	(99,621		)	(73,448		)	(14,896		)	(38,551		)	226,516			—
Income before taxes	120,882			61,552			52,002			146,015			(226,516		)	153,935
Provision (benefit) for taxes	8,701			(3,771		)	13,525			23,299			—			41,754
Net income	$	112,181		$	65,323		$	38,477		$	122,716		$	(226,516	)	$	112,181
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(1,251		)	—			(1,251		)	—			1,251			(1,251		)
Unrealized income (loss) on cash flow hedging derivatives	(1,798		)	(629		)	21			—			608			(1,798		)
Other comprehensive income (loss), (net of tax)	(3,049		)	(629		)	(1,230		)	—			1,859			(3,049		)
Total Comprehensive Income	$	109,132		$	64,694		$	37,247		$	122,716		$	(224,657	)	$	109,132

30

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,379		$	292,510		$	127,485		$	996,647		$	(444,321	)	$	1,124,700
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,404			83,651			—			93,055
Operating expenses	5,739			179,465			48,104			669,919			(444,321		)	458,906
Selling, general and administrative	5,964			97,351			10,618			34,423			—			148,356
Depreciation and amortization	35,896			40			17,581			68,891			—			122,408
(Gain) on sale of other assets	—			—			—			(15,368		)	—			(15,368		)
Loss on impairment / retirement of fixed assets, net	1,318			—			476			6,578			—			8,372
	48,917			276,856			86,183			848,094			(444,321		)	815,729
Operating income	103,462			15,654			41,302			148,553			—			308,971
Interest (income) expense, net	43,667			29,195			39,310			(8,465		)	—			103,707
Net effect of swaps	4,964			3,177			—			—			—			8,141
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			20,157			—			—			20,157
Other (income) expense	751			(9,033		)	2,766			5,516			—			—
Income from investment in affiliates	(95,234		)	(51,316		)	(18,019		)	(8,239		)	172,808			—
Income (loss) before taxes	128,139			30,850			(3,529		)	159,741			(172,808		)	142,393
Provision (benefit) for taxes	9,776			(8,530		)	(11,708		)	34,492			—			24,030
Net income	$	118,363		$	39,380		$	8,179		$	125,249		$	(172,808	)	$	118,363
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	2,814			—			2,814			—			(2,814		)	2,814
Unrealized income on cash flow hedging derivatives	9,740			2,385			—			—			(2,385		)	9,740
Other comprehensive income, (net of tax)	12,554			2,385			2,814			—			(5,199		)	12,554
Total Comprehensive Income	$	130,917		$	41,765		$	10,993		$	125,249		$	(178,007	)	$	130,917

31

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended September 30, 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	$	147,733		$	261,878		$	142,250		$	941,465		$	(409,232	)	$	1,084,094
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			10,531			85,471			—			96,002
Operating expenses	5,452			180,665			47,134			636,106			(409,232		)	460,125
Selling, general and administrative	6,865			90,892			11,650			36,381			—			145,788
Depreciation and amortization	37,698			41			18,300			71,152			—			127,191
Loss (gain) on impairment / retirement of fixed assets, net	24,188			—			(62		)	10,383			—			34,509
	74,203			271,598			87,553			839,493			(409,232		)	863,615
Operating income (loss)	73,530			(9,720		)	54,697			101,972			—			220,479
Interest expense, net	50,007			28,592			44,583			(6,813		)	—			116,369
Net effect of swaps	(5,019		)	(1		)	(5,910		)	—			—			(10,930		)
Unrealized / realized foreign currency gain	—			—			(18,721		)	—			—			(18,721		)
Other (income) expense	749			(10,205		)	1,498			7,958			—			—
Income from investment in affiliates	(88,216		)	(50,693		)	(9,456		)	(21,713		)	170,078			—
Income before taxes	116,009			22,587			42,703			122,540			(170,078		)	133,761
Provision (benefit) for taxes	10,106			(29,298		)	20,942			26,108			—			27,858
Net income	$	105,903		$	51,885		$	21,761		$	96,432		$	(170,078	)	$	105,903
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,672		)	—			(2,672		)	—			2,672			(2,672		)
Unrealized income (loss) on cash flow hedging derivatives	(397		)	(109		)	21			—			88			(397		)
Other comprehensive income (loss), (net of tax)	(3,069		)	(109		)	(2,651		)	—			2,760			(3,069		)
Total Comprehensive Income	$	102,834		$	51,776		$	19,110		$	96,432		$	(167,318	)	$	102,834

32

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM OPERATING ACTIVITIES	$	337,821		$	60,434		$	21,615		$	66,757		$	(169,672	)	$	316,955
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(63,105		)	(52,172		)	(29,579		)	(24,816		)	169,672			—
Sale of other assets	—			—			—			15,297			—			15,297
Capital expenditures	(43,568		)	—			(5,517		)	(48,449		)	—			(97,534		)
Net cash from investing activities	(106,673		)	(52,172		)	(35,096		)	(57,968		)	169,672			(82,237		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Payment of debt issuance costs	(14,331		)	(8,028		)	(453		)	—			—			(22,812		)
Term debt payments, including early termination penalties	(655,723		)	(462,438		)	(14,514		)	—			—			(1,132,675		)
Distributions (paid) received	(107,013		)	2,555			—			—			—			(104,458		)
Exercise of limited partnership unit options	—			43			—			—			—			43
Excess tax benefit from unit-based compensation expense	—			(148		)	—			—			—			(148		)
Net cash (for) financing activities	(123,148		)	(6,413		)	(489		)	—			—			(130,050		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(16		)	—			—			(16		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	108,000			1,849			(13,986		)	8,789			—			104,652
Balance, beginning of period	25,000			444			50,173			3,213			—			78,830
Balance, end of period	$	133,000		$	2,293		$	36,187		$	12,002		$	—		$	183,482

33

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 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 OPERATING ACTIVITIES	$	209,022		$	49,092			$	9,484		$	156,240		$	(147,094	)	$	276,744
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(56,757		)	(70,669		)		3,557			(23,225		)	147,094			—
Sale of other assets	1,173			—				—			—			—			1,173
Capital expenditures	(29,295		)	(8		)		(14,426		)	(32,081		)	—			(75,810		)
Net cash (for) investing activities	(84,879		)	(70,677		)		(10,869		)	(55,306		)	147,094			(74,637		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Derivative settlement	—			—				(50,450		)	—			—			(50,450		)
Term debt payments, including early termination penalties	(14,468		)	(10,212		)		(320		)	—			—			(25,000		)
Intercompany (payments) receipts	—			93,845				—			(93,845		)	—			—
Distributions (paid) received	(66,675		)	110				—			—			—			(66,565		)
Capital (contribution) infusion	—			(60,000		)	—	60,000			—			—			—
Exercise of limited partnership unit options	—			47				—			—			—			47
Excess tax benefit from unit-based compensation	—			(454		)		—			—			—			(454		)
Net cash from (for) financing activities	(81,143		)	23,336				9,230			(93,845		)	—			(142,422		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				893			—			—			893
CASH AND CASH EQUIVALENTS
Net increase for the period	43,000			1,751				8,738			7,089			—			60,578
Balance, beginning of period	—			512				31,540			3,472			—			35,524
Balance, end of period	$	43,000		$	2,263			$	40,278		$	10,561		$	—		$	96,102

34

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM OPERATING ACTIVITIES	$	258,843		$	42,367		$	32,927		$	52,457		$	(61,746	)	$	324,848
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	24,507			(37,602		)	(30,743		)	(17,908		)	61,746			—
Sale of other assets	—			—			—			30,182			—			30,182
Capital expenditures	(47,938		)	(1		)	(5,532		)	(63,290		)	—			(116,761		)
Net cash (for) investing activities	(23,431		)	(37,603		)	(36,275		)	(51,016		)	61,746			(86,579		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Term debt payments, including early termination penalties	(655,723		)	(462,438		)	(14,514		)	—			—			(1,132,675		)
Distributions (paid) received	(129,277		)	2,571			—			—			—			(126,706		)
Exercise of limited partnership unit options	—			43			—			—			—			43
Payment of debt issuance costs	(14,331		)	(8,028		)	(453		)	—			—			(22,812		)
Excess tax benefit from unit-based compensation expense	—			1,515			—			—			—			1,515
Net cash (for) financing activities	(145,412		)	(4,734		)	(489		)	—			—			(150,635		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(254		)	—			—			(254		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	90,000			30			(4,091		)	1,441			—			87,380
Balance, beginning of period	43,000			2,263			40,278			10,561			—			96,102
Balance, end of period	$	133,000		$	2,293		$	36,187		$	12,002		$	—		$	183,482

35

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended September 30, 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	$	181,718		$	(157,023	)	$	8,795		$	314,835		$	(75,771	)	$	272,554
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(35,830		)	(42,342		)	8,488			(6,087		)	75,771			—
Sale of other assets	1,173			—			—			—			—			1,173
Capital expenditures	(33,025		)	(8		)	(23,050		)	(37,037		)	—			(93,120		)
Net cash (for) investing activities	(67,682		)	(42,350		)	(14,562		)	(43,124		)	75,771			(91,947		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Intercompany term debt (payments) receipts	—			269,500			—			(269,500		)	—			—
Term debt payments, including early termination penalties	(14,467		)	(10,213		)	(320		)	—			—			(25,000		)
Derivative settlement	—			—			(50,450		)	—			—			(50,450		)
Distributions (paid) received	(105,569		)	261			—			—			—			(105,308		)
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	—			(454		)	—			—			—			(454		)
Net cash from (for) financing activities	(120,036		)	199,147			8,507			(269,500		)	—			(181,882		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			1,065			—			—			1,065
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(6,000		)	(226		)	3,805			2,211			—			(210		)
Balance, beginning of period	49,000			2,489			36,473			8,350			—			96,312
Balance, end of period	$	43,000		$	2,263		$	40,278		$	10,561		$	—		$	96,102

36

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 overseen by a park general manager and operates autonomously. Management reviews operating results, evaluates performance and makes operating decisions, including allocating resources on a property-by-property basis.

Along with attendance and guest per capita statistics, discrete financial information and operating results are prepared 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 Executive Vice President - Operations, and the park general managers.

Critical Accounting Policies:

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 third 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, we changed our 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, we 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, we had determined that it was preferable to change from the composite method of depreciation to the unit method of depreciation for all assets. We believe 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

37

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 September 29, 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-, nine- and twelve-month periods ended September 29, 2013 and September 30, 2012.

	Three months ended						Nine months ended						Twelve months ended
	9/29/2013			9/30/2012			9/29/2013			9/30/2012			9/29/2013			9/30/2012
	(13 weeks)			(13 weeks)			(39 weeks)			(39 weeks)			(52 weeks)			(53 weeks)
				(As restated)						(As restated)						(As restated)
	(In thousands)
Net income	$	190,424		$	141,013		$	128,688		$	112,181		$	118,363		$	105,903
Interest expense	25,529			26,863			77,153			83,902			103,870			116,437
Interest income	(17		)	(13		)	(126		)	(31		)	(163		)	(68		)
Provision for taxes	58,025			51,912			34,026			41,754			24,030			27,858
Depreciation and amortization	57,495			60,223			108,313			112,211			122,408			127,191
EBITDA	331,456			279,998			348,054			350,017			368,508			377,321
Loss on early extinguishment of debt	—			—			34,573			—			34,573			—
Net effect of swaps	1,377			(175		)	8,315			(1,318		)	8,141			(10,930		)
Unrealized foreign currency (gain) loss	(8,385		)	(14,737		)	15,371			(14,108		)	20,298			(17,502		)
Non-cash equity expense	843			362			4,645			2,630			5,280			2,619
Loss on impairment/retirement of fixed assets, net	1,637			25,000			2,266			24,230			8,372			34,509
Gain on sale of other assets	(8,743		)	—			(8,743		)	—			(15,368		)	—
Terminated merger costs	—			—			—			—			—			150
Other non-recurring items (as defined)	197			1,861			705			4,026			859			7,445
Adjusted EBITDA (1)	$	318,382		$	292,309		$	405,186		$	365,477		$	430,663		$	393,612
(1) As permitted by and defined in the 2013 Credit Agreement

38

Results of Operations:

Restatement -

We have made a correction relating to our use of the composite depreciation method. The correction, which impacts the Balance Sheet at September 30, 2012 and the Statement of Operations and Other Comprehensive Income for the three-, nine-, and twelve-month periods ended September 30, 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, our initial determination of whether a specific asset retired under the composite method of depreciation in 2011 was normal was reviewed in connection with a response to an SEC comment letter. We ultimately concluded that such disposition was unusual and that an $8.8 millioncharge should have been reflected in the 2011 financial statements.

Nine months ended September 29, 2013

The fiscal nine-month period ended September 29, 2013, consisted of a 39-week period and included a total of 1,936 operating days compared with 39 weeks and 2,178 operating days for the fiscal nine-month period ended September 30, 2012. The difference in operating days is primarily due to the sale of two non-core water parks, as well as the combination of two parks, Worlds of Fun and Oceans of Fun, into one gate for 2013.

The following table presents key financial information for the nine months ended September 29, 2013 and September 30, 2012:

	Nine months ended			Nine months ended		Increase (Decrease)
	9/29/2013			9/30/2012		$			%
	(39 weeks)			(39 weeks)
				(As restated)
	(Amounts in thousands)
Net revenues	$	995,495		$	939,249	$	56,246		6.0	%
Operating costs and expenses	595,801			580,246		15,555			2.7	%
Depreciation and amortization	108,313			112,211		(3,898		)	(3.5	)%
Loss on impairment / retirement of fixed assets	2,266			24,230		(21,964		)	N/M
Gain on sale of other assets	(8,743		)	—		(8,743		)	N/M
Operating income	$	297,858		$	222,562	$	75,296		33.8	%
Other Data:
Adjusted EBITDA	$	405,186		$	365,477	$	39,709		10.9	%
Attendance	20,652			20,689		(37		)	(0.2	)%
Per capita spending	$	44.24		$	41.78	$	2.46		5.9	%
Out-of-park revenues	$	106,801		$	99,526	$	7,275		7.3	%

Net revenues for the nine months ended September 29, 2013 increased $56.3 million to $995.5 million from $939.2 million during the nine months ended September 30, 2012. The increase in revenues reflects a 6%, or $2.46, increase in average in-park guest per capita spending during the first nine months of the year when compared with the first nine months of 2012. In-park guest per capita spending represents the average 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 reflects a 5% increase in the admissions per cap and a 6% increase in pure in-park spending, driven largely by improvements in our food and beverage programs and the expansion and continued success of our premium benefit offerings. Additionally, for the nine-month period, out-of-park revenues increased 7%, or $7.3 million. Out-of-park revenues include the sale of hotel rooms, food, merchandise, and other complementary activities located outside of the park gates, as well as transaction fees from on-line product sales. The increase in out-of-park revenues was primarily driven by the strong performance of our resort properties, which drove higher average daily room rates while maintaining or growing occupancy rates. The increase in overall net revenues includes attendance that was essentially comparable through the first nine months of 2013 when compared with the same period a year ago. The variance in attendance is entirely attributable to the sale of two non-core water parks. Excluding the sale of the water parks, attendance increased 1%, or 195,000 visits on a comparable park basis.

39

Revenues for the first nine months of the year also reflect the negative impact of exchange rates and the strengthening U.S. dollar on our Canadian operations ($3.6 million) during the period.

For the nine-month period in 2013, operating costs and expenses increased 3%, or $15.6 million, to $595.8 million from $580.2 million for the same period in 2012, the net result of a $7.5 million increase in operating expenses and a $10.0 million increase in selling, general and administrative costs ("SG&A"). These cost increases were offset slightly by a 2%, or $1.9 million decrease in cost of goods sold during the period. The $7.5 million increase in operating expenses was due to increases of approximately $4.3 million in employee costs, $3.2 million in operating supplies and $1.5 million in maintenance materials, offset slightly by a decrease of $2.7 million in insurance expense. The increase in employee costs was primarily due to increased costs of benefits. Operating supplies increased due to premium benefit offerings and improved guest services. The $2.7 million decrease in insurance expense was due to a reduction in insurance settlements and accruals. The $10.0 million increase in SG&A expenses was due primarily to additional marketing efforts and agency advertising costs, and increased full-time employee costs, largely related to performance incentives and an increase in staffing levels.

Depreciation and amortization expense for the period decreased $3.9 million due to several significant assets being fully depreciated at the end of 2012. For the nine-month period of 2013, the $8.7 million gain on sale of other assets relates to the sale of one of our non-core water parks. For the period, loss on impairment/retirement of fixed assets totaled $2.3 million for the retirement of assets at several of our properties. Loss on impairment/retirement of fixed assets for the period ended September 30, 2012 totaled $24.2 million, which reflected a non-cash charge of $25.0 million for the partial impairment of operating and non-operating assets at Wildwater Kingdom, offset slightly by gains on other retirements. After depreciation, amortization, gain on sale of other assets, loss on impairment / retirement of fixed assets, and all other non-cash costs, operating income for the period increased $75.3 million to $297.9 million in the first nine months of 2013 from operating income of $222.6 million in the first nine months of 2012.

Interest expense for the first nine months of 2013 was $77.2 million, a decrease of $6.8 million from the first nine months of 2012. The decrease in interest expense was due to the settlement of our Canadian cross-currency swaps in the first quarter of 2012, the decrease in non-cash amortization expense resulting from the write-off of loan fees related to our prior credit agreement, and a decrease in revolver interest due to lower average borrowings and a lower effective interest rate from the March 2013 refinancing.

The net effect of our swaps resulted in a non-cash charge to earnings of $8.3 million for the first nine months of 2013 compared with a $1.3 million non-cash benefit to earnings in the first nine months of 2012. The difference reflects 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 ineffective designated and de-designated swaps to market. During the current year-to-date period, we also recognized a $15.2 million net charge to earnings for unrealized/realized foreign currency losses, which included a $14.4 million unrealized foreign currency loss on the U.S.-dollar denominated debt held at our Canadian property. Additionally, 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 current year-to-date period.

During the first nine months of 2013, a provision for taxes of $34.0 million was recorded to account for publicly traded partnership (“PTP”) taxes and the tax attributes of our corporate subsidiaries. During the same nine-month period in 2012, a $41.8 million provision for taxes was recorded. Actual cash taxes paid or payable are estimated to be between $14 and $17 million for the 2013 calendar year.

After interest expense and the benefit for taxes, net income for the nine months ended September 29, 2013 totaled $128.7 million, or $2.31 per diluted limited partner unit, compared with net income of $112.2 million, or $2.01 per diluted unit, for the same period a year ago.

For the nine-month period, Adjusted EBITDA (as defined in the 2013 Credit Agreement), which we believe is a meaningful measure of our park-level operating results, increased to $405.2 million compared with $365.5 million for the fiscal nine-month period ended September 30, 2012. This increase was due to the growth in revenues produced in large part by the continued success of our premium benefit offerings, admissions sales and our food and beverage initiatives, offset slightly by an increase in employee related costs, advertising expenses, and operating supply costs related to targeted initiatives which enhance our guests' experiences at our parks. For additional information regarding Adjusted EBITDA, including how we define Adjusted EBITDA, why we believe it provides useful information, and for a reconciliation to net income, see page 38.

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Third Quarter -

The fiscal three-month period ended September 29, 2013, consisted of a 13-week period and included a total of 1,019 operating days compared with 13 weeks and 1,177 operating days for the fiscal three-month period ended September 30, 2012. The difference in operating days is due to the sale of two non-core water parks, as well as the combination of two parks, Worlds of Fun and Oceans of Fun, into one gate during 2013.

The following table presents key financial information for the three months ended September 29, 2013 and September 30, 2012:

	Three months ended			Three months ended		Increase (Decrease)
	9/29/2013			9/30/2012		$			%
	(13 weeks)			(13 weeks)
				(As restated)
	(Amounts in thousands)
Net revenues	$	592,076		$	553,445	$	38,631		7.0	%
Operating costs and expenses	274,964			263,657		11,307			4.3	%
Depreciation and amortization	57,495			60,223		(2,728		)	(4.5	)%
Loss on impairment / retirement of fixed assets	1,637			25,000		(23,363		)	N/M
Gain on sale of other assets	(8,743		)	—		(8,743		)	N/M
Operating income	$	266,723		$	204,565	$	62,158		30.4	%
Other Data:
Adjusted EBITDA	$	318,382		$	292,309	$	26,073		8.9	%
Attendance	11,975			11,960		15			0.1	%
Per capita spending	$	45.73		$	42.90	$	2.83		6.6	%
Out-of-park revenues	$	58,690		$	54,260	$	4,430		8.2	%

For the quarter ended September 29, 2013, net revenues increased 7%, or $38.6 million, to $592.1 million from $553.5 million in the third quarter of 2012. This increase reflects a 7% increase in average in-park per capita spending and an 8%, or $4.4 million, increase in out-of park revenues, and attendance that was comparable with the prior year period. The increase in per capita spending was the result of higher admissions pricing, the successful expansion of our in-park premium benefit offerings, and improvements in our food and beverage programs. The increase in out-of-park revenues was due to the strong performance of our resort properties. Excluding the sale our two non-core water parks, attendance increased 2%, or 207,000 visits on a comparable park basis.

Operating costs and expenses for the quarter increased 4%, or $11.3 million, to $275.0 million from $263.7 million in the third quarter of 2012, the net result of a $1.5 million decrease in cost of goods sold, a $7.0 million increase in operating expenses and a $5.7 million increase in SG&A costs. As a percentage of net revenues, costs and expenses decreased 120 basis points, and was

in line with expectations. The decrease in cost of goods sold was primarily the result of successful cost-savings initiatives in food and beverage. The $7.0 million increase in operating expenses was primarily due to a $2.8 million increase in employee related costs, a $1.6 million increase in operating supplies, and a $1.5 million increase in maintenance expense. The increase in employee related costs was primarily due to higher staffing levels, salary increases, and increases in benefit costs. Operating supplies increased due to premium benefit offerings and improved guest services. The $5.7 million increase in SG&A costs was due to increases in employee-related costs and agency advertising costs. The increase in SG&A employee-related expenses was due to an increase in performance incentive awards due to strong 2013 operating results to date, as well as an increase in staffing levels across the company. Advertising costs increased as a result of additional marketing efforts in the period, including our Customer Relationship Management platform.

Depreciation and amortization expense for the quarter decreased $2.7 million primarily due to several significant assets reaching the end of their depreciable lives at the end of 2012. For the third quarter of 2013, the gain on sale of other assets was $8.7 million, reflecting the gain on the sale of one of our non-core water parks. Loss on impairment/retirement of fixed assets for the current period was $1.6 million, reflecting losses on the retirement of assets across all of our parks. Loss on impairment/retirement of fixed assets during the quarter ended September 30, 2012 totaled $25.0 million, which reflected a non-cash charge of $25.0 million for the partial impairment of operating and non-operating assets at Wildwater Kingdom. After depreciation, amortization, gain on sale of other assets, loss on impairment / retirement of fixed assets, and all other non-cash costs, operating income in the third quarter of 2013 increased $62.1 million to $266.7 million from operating income of $204.6 million in the third quarter of 2012.

41

Interest expense for the third quarter of 2013 was $25.5 million, representing a $1.3 million decrease from the interest expense for the third quarter of 2012. As mentioned in the nine-month discussion above, interest expense decreased primarily due to a reduction in average revolver balance and lower average rates on the revolver, as well as a reduction in non-cash deferred loan fee amortization resulting from the write-off of fees related to our prior credit agreement.

During the 2013 third quarter, the net effect of our swaps resulted in a $1.4 million non-cash charge to earnings, compared to a non-cash benefit to earnings of $0.2 million in the third quarter of 2012. The net effect of swaps reflects the regularly scheduled amortization of amounts in AOCI related to the swaps and ineffective fair value movements in our non-designated derivative portfolio. During the 2013 third quarter, we also recognized a $8.6 million net benefit to earnings for unrealized/realized foreign currency gains, which included a $8.5 million unrealized foreign currency gain on the U.S.-dollar denominated debt held at our Canadian property.

During the quarter, a provision for taxes of $58.0 million was recorded to account for PTP taxes and the tax attributes of our corporate subsidiaries, compared to a provision for taxes of $51.9 million in the same period a year ago. After interest expense and the provision for taxes, net income for the quarter totaled $190.4 million, or $3.41 per diluted limited partner unit, compared with net income of $141.0 million, or $2.52 per diluted unit, for the third quarter a year ago.

For the current quarter, Adjusted EBITDA increased to $318.4 million from $292.3 million for the fiscal third quarter of 2012. The $26.1 million increase in Adjusted EBITDA was largely attributable to incremental revenues resulting primarily from higher average guest per capita spending, as well as increases in out-of-park revenues in the quarter. These revenue increases were somewhat offset by higher costs associated with improving guest services and expanding our marketing efforts.

Twelve Months Ended September 29, 2013 -

The fiscal twelve-month period ended September 29, 2013, consisted of a 52-week period and 2,140 operating days compared with 53 weeks and 2,416 operating days for the fiscal twelve-month period ended September 30, 2012. The difference in operating days was due primarily to the sale of two non-core water parks, the combination of two parks, Worlds of Fun and Oceans of Fun, into one gate during 2013, and the extra week of operations in the twelve-month period ending September 30, 2012.

The following table presents key financial information for the twelve months ended September 29, 2013 and September 30, 2012:

	Twelve months ended			Twelve months ended			Increase (Decrease)
	9/29/2013			9/30/2012			$			%
	(52 weeks)			(53 weeks)
				(As restated)
	(Amounts in thousands)
Net revenues	$	1,124,700		$	1,084,094		$	40,606		3.7	%
Operating costs and expenses	700,317			701,915			(1,598		)	(0.2	)%
Depreciation and amortization	122,408			127,191			(4,783		)	(3.8	)%
Gain on sale of other assets	(15,368		)	—			(15,368		)	N/M
Loss on impairment/retirement of fixed assets	8,372			34,509			(26,137		)	N/M
Operating income	$	308,971		$	220,479		$	88,492		40.1	%
N/M - Not meaningful
Other Data:
Adjusted EBITDA	$	430,663		$	393,612		$	37,051		9.4	%
Adjusted EBITDA margin	38.3		%	36.3		%	—			2.0	%
Attendance	23,263			23,961			(698		)	(2.9	)%
Per capita spending	$	44.13		$	41.44		$	2.69		6.5	%
Out-of-park revenues	$	124,041		$	119,460		4,581			3.8	%

Net revenues totaled $1,124.7 million for the twelve months ended September 29, 2013, increasing $40.6 million, from $1,084.1 million for the trailing twelve months ended September 30, 2012. The 4% increase in revenues for the twelve-month period was driven by a 7% increase in average in-park guest per capita spending, the result of a stronger admissions per cap and improved pure in-park spending. The increase in pure in-park spending was in large part the result of improvements in our food and beverage programs and the expansion and continued success of our premium benefit offerings. Attendance for the period decreased between

42

years due to the extra week of operations in the twelve-month period ended September 30, 2012, as well as the sale of two non-core water parks during the current year period. Out-of-park revenues increased $4.6 million primarily due to an increase in processing fees as part of our expansion of ticketing options. The increase in net revenues for the twelve months ended September 29, 2013 also reflects the negative impact of currency exchange rates and the weakening Canadian dollar on our Canadian operations (approximately $3.2 million) during the period.

Operating costs and expenses decreased $1.6 million, or less than 1%, to $700.3 million, in large part due to one less week of operations in the current twelve-month period, and were in line with expectations. The decrease in costs and expenses reflects a $2.9 million decrease in cost of goods sold and a $1.2 million decrease in operating expenses, due primarily to the one less week in the period. These year-over-year cost decreases were partially offset by a $2.6 million increase in SG&A costs. The increase in SG&A costs reflects a $2.8 million increase in employment-related costs related to higher staffing levels and incentive compensation plans tied to company performance and a $3.0 million increase in advertising costs related to the transition to a new advertising agency, somewhat offset by a $2.6 decrease in professional and administrative costs, the result of reductions in litigation expenses and consulting fees in the period. The overall decrease in costs and expenses also reflects the impact of exchange rates on our Canadian operations ($1.0 million) during the period.

For the twelve-month period ending September 29, 2013, the gain on sale of other assets was $15.4 million, reflecting the gain on the sale of two non-core water parks during the period. Loss on impairment/retirement of fixed assets for the period was $8.4 million, due to the removal of a ride to enhance a section of one of our parks, as well as retirements of assets across all of our properties. Loss on impairment/retirement of fixed assets during the period ended September 30, 2012 totaled $34.5 million, which reflected a non-cash charge of $25.0 million for the partial impairment of operating and non-operating assets at Wildwater Kingdom and an $8.8 million charge for the retirement of an asset which is further described in Note 11 to the financial statements.

Depreciation and amortization expense for the period decreased $4.8 million compared with the prior period due primarily to several significant assets being fully depreciated at the end of 2012. After depreciation and amortization, as well as impairment charges and all other non-cash costs, operating income for the current period increased $88.5 million to $309.0 million from $220.5 million.

Interest expense for the twelve months ended September 29, 2013 decreased $12.5 million to $103.9 million, from $116.4 million for the same twelve-month period a year ago. The decrease in interest expense reflects a decrease in revolver interest in the period due to lower borrowings and a lower average cost resulting from the March 2013 refinancing, a decrease in non-cash amortization expense resulting from the write-off of loan fees related to our prior credit agreement, and the impact of the settlement of our Canadian cross-currency swaps in the first quarter of 2012.

During the current twelve-month period, the net effect of our interest rate swaps was recorded as a charge to earnings of $8.1 million compared to a benefit to earnings of $10.9 million in the prior twelve-month period. The difference reflects the regularly scheduled amortization of amounts in AOCI and write-off of amounts related to de-designated swaps, which were offset by gains from marking the ineffective and de-designated swaps to market in the current period. During the current period, we also recognized a $20.2 million charge to earnings for unrealized/realized foreign currency losses, which included a $19.4 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 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 $24.0 million was recorded in the period for the tax attributes of our corporate subsidiaries and PTP taxes. This compares with a provision for taxes of $27.9 million in twelve-month period ended September 30, 2012.

After interest expense and provision for taxes, net income for the period totaled $118.4 million, or $2.12 per diluted limited partner unit, compared with net income of $105.9 million, or $1.89 per diluted unit, a year ago.

As discussed above, the current trailing-twelve-month results include one less week of operations due to the timing of the third quarter fiscal close. Comparing the twelve-month periods for both 2013 and 2012 on a comparable 52-week basis, net revenues would be up approximately $55.1 million, or 5%, on increases in both average in-park guest per capita spending and out-of-park revenues, partially offset by a slight decline in attendance. The increase in average in-park guest per capita spending is primarily due to a higher admissions per cap and improved pure in-park spending, driven largely by improvements in our food and beverage programs and the expansion and continued success of our premium benefit offerings. Out-of-park revenues would have increased $6.3 million primarily due to an increase in transaction fees from on-line ticket sales. Attendance for the comparable period would have decreased 351,000 visits, primarily due to soft attendance during the fourth quarter of 2012 compared with the fourth quarter of 2011.

43

On a comparable 52-week basis, operating costs and expenses would have increased approximately $9.1 million, the net result of a $1.9 million decrease in cost of goods sold, a $6.2 million increase in operating expenses and a $4.8 million increase in SG&A costs. The increase in operating expenses was primarily attributable to an increase in employment-related expenses of $3.3 million, a $3.9 million increase in operating supply costs, and a $1.6 million increase in utility costs. Somewhat offsetting these operating-expense increases were decreases in maintenance expenses of $3.5 million and insurance expenses of $1.6 million. The increase in employment-related costs was largely due to higher benefit costs and increased seasonal labor hours resulting from expanded operating hours at several parks, the introduction of additional attractions and enhanced guest services at our parks. Operating supplies increased due largely to the introduction of new extra-charge attractions and incremental expenses related to our expanded premium benefit offerings. Utility costs increased primarily due to rate increases and the addition of new rides and attractions at the parks. The increase in SG&A costs for the period reflects a $3.4 million increase in employment-related costs due to higher staffing levels and incentive compensation plans tied to company performance, and a $4.0 million increase in advertising costs related to the transition to a new advertising agency. Somewhat offsetting these SG&A cost increases was a $2.5 million decrease in professional and administrative costs primarily due to reductions in litigation expenses and consulting fees in the period.

Adjusted EBITDA for the twelve-month period ended September 29, 2013, increased $37.1 million, or 9%, to $430.7 million. On a same-week basis, Adjusted EBITDA for the twelve-month period would have increased approximately $40.9 million, or 11%. On a same-week basis, our Adjusted EBITDA margin (Adjusted EBITDA divided by net revenues) increased 190 bps to 38.3% from 36.4% for the twelve-month period ended September 29, 2013, primarily due to the success of high-margin revenues initiatives as our premium guest benefit offerings and our admission pricing, combined with continued focus on controlling operating costs.

October 2013 -

Based on preliminary results, net revenues through November 3, 2013 were approximately $1,104 million, up 6%, or $65 million, compared with $1,039 million for the same period last year. The increase was the result of an approximate 6%, or $2.31, increase in average in-park guest per capita spending to a record $44.33, and an approximate 7%, or $8 million increase, in out-of-park revenues to $117 million. Also contributing to revenue growth was an increase in attendance of 100,000 visits, compared with last year. Excluding the sale of two water parks, attendance was up 2%, or 334,000 visits, to a record 22.7 million visits on a comparable park basis.

Liquidity and Capital Resources:

With respect to both liquidity and cash flow, we ended the third quarter of 2013 in sound condition. The working capital ratio (current assets divided by current liabilities) of 1.5 at September 29, 2013 reflects the impact of our seasonal business. Receivables, inventories, and payables are at normal seasonal levels.

Operating Activities

During the nine-month period ended September 29, 2013, net cash provided by operating activities increased $40.2 million from the same period a year ago, primarily due to the year-over-year growth in revenues.

For the twelve-month period ended September 29, 2013 net cash provided by operating activities increased $52.3 million from the same period a year ago, also reflective of the year-over-year growth in revenues.

Investing Activities

Net cash used in investing activities in the first nine months of 2013 was $82.2 million, an increase of $7.6 million compared with the nine month period ended September 30, 2012. Within investing activities, capital expenditures increased $21.7 million. During the current period, $15.3 million was received for the sale of a non-core waterpark.

Net cash used in investing activities for the trailing-twelve-month period ended September 29, 2013 totaled $86.6 million compared with $91.9 million for the same period a year ago. The decrease reflects the receipt of $30.2 million from the sale of two non-core water parks during the period, offset somewhat by a $23.6 million increase in capital expenditures.

Financing Activities

Net cash used in financing activities in the first nine months of 2013 was $130.1 million, a decrease of $12.3 million compared with the nine-month period ended September 30, 2012. The decrease was due to a one-time cash cost of $50.5 million to settle our Canadian derivative in the first quarter of 2012, offset somewhat by an increase in distributions paid in the current year of $37.9 million.

Net cash used in financing activities in the trailing-twelve-month period ended September 29, 2013 totaled $150.6 million, a decrease of $31.2 million compared with the twelve-month period ended September 30, 2012. The decrease was due to the $50.5

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million Canadian derivative settlement in 2012, offset somewhat by an increase in distributions paid of $21.4 million in the current twelve-month period.

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%. The $405 million 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%.

In February 2011, we amended our 2010 Credit Agreement (as so amended, the "Amended 2010 Credit Agreement") to provide a $1,175 million senior secured term loan facility with interest at a rate of LIBOR plus 300 bps along with a LIBOR floor of 100 bps. The amendment extended the maturity date of the term loan portion of the credit facilities to December 2018.

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, which 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. 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%.

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 Amended 2010 Credit Agreement. 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. 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 $628.4 million of variable-rate term debt (before giving consideration to fixed-rate interest rate swaps), $901.6 million of fixed-rate debt (including OID), no outstanding borrowings under our revolving credit facility, and cash on hand of $183.5 million. After letters of credit, which totaled $16.4 million at September 29, 2013, we had $238.6 million of available borrowings under the revolving credit facility.

In order to lock in 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

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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 (together referred to as the "Combination Swaps"), and designated as cash flow hedges, effectively converting $600 million of variable-rate debt to fixed rates. The Combination Swaps were designated as cash flow hedges, mature in December 2015 and fix LIBOR at a weighted average rate of 2.33%. At the time of the de-designation, the fair market value of the September 2010 swaps and March 2011 swaps was $22.2 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. During the third quarter of 2013, the Combination Swaps were de-designated as the hedge effectiveness testing indicated that these swaps would be ineffective throughout the remaining periods until maturity. This de-designation had no effect on the unaudited condensed consolidated statements of operations as previous amounts recorded in AOCI had already been accounted for on March 6, 2013.

During the third quarter of 2013, the Partnership entered into three forward-starting interest rate swap agreements ("2013 forwards") that will effectively convert $400 million of variable-rate debt to fixed rates beginning in December of 2015. These swaps, which were designated as cash flow hedges, mature on December 31, 2018 and fix LIBOR at a weighted average rate of 3.00%. In October 2013, the Partnership entered into an additional forward-starting interest rate swap agreement ("October 2013 swaps") that will effectively convert $100 million of variable-rate debt to a 2.70% fixed rate beginning in December of 2015.

At September 29, 2013, the fair market value of the derivative portfolio was $31.6 million, which was recorded in “Derivative Liability” on the condensed consolidated balance sheet.

The following table presents our 2013 forwards and the October 2013 swaps which mature in December 2018, and the Combination Swaps and May 2011 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	3.00	%	$	200,000	2.27	%
	100,000		3.00	%	150,000		2.43	%
	100,000		3.00	%	75,000		2.30	%
	100,000		2.70	%	70,000		2.54	%
					50,000		2.54	%
					50,000		2.54	%
					50,000		2.43	%
					50,000		2.29	%
					50,000		2.29	%
					30,000		2.54	%
					25,000		2.30	%
Total $'s / Average Rate	$	500,000	2.94	%	$	800,000	2.38	%

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The 2013 Credit Agreement requires us to maintain specified financial ratios, which if breached for any reason and not cured, 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 third 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 September 29, 2013, our Consolidated Leverage Ratio was 3.57x, providing $184.1 million of EBITDA cushion on the ratio at the end of the third quarter. We were in compliance with all other covenants under the 2013 Credit Agreement as of September 29, 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 September 29, 2013, the notes maturing in 2018 have the more restrictive covenants. 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 August 8, 2013, we announced the declaration of a distribution of $0.625 per limited partner unit, which was paid on September 16, 2013, and on November 7, 2013 we announced the declaration of a distribution of $0.70 per limited partner unit, payable December 16, 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 September 29, 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 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.

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As of September 29, 2013, we had $901.6 million of fixed-rate senior unsecured notes and $628.4 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 $31 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 $0.7 million in annual cash interest costs.

A uniform 10% strengthening of the U.S. dollar relative to the Canadian dollar would result in a $3.7 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 September 29, 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 September 29, 2013.

(b)Changes in Internal Control Over Financial Reporting -

There were no changes in the Partnership’s internal control over financial reporting that occurred during the fiscal quarter ended September 29, 2013 that have materially affected, or are reasonably likely to materially affect, the Partnership’s internal control over financial reporting.

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.  On June 3, 2013 the Company filed a Notice of Appeal and Memorandum in Support of Jurisdiction with the Ohio Supreme Court related to the April 19, 2013 Court of Appeals decision.  On July 2, 2013 Mr. Falfas filed a Memorandum in Opposition to Jurisdiction with the Ohio Supreme Court.  On September 25, 2013  the Supreme Court of Ohio accepted the appeal on Proposition of Law No. 1 related to the Supreme Court’s  holding in Masetta v. National Bronze & Aluminum Foundry Co. 159 Ohio St. 306 (1953), barring specific performance as a remedy for a personal services contract under Ohio law and its applicability to individual employment agreements. The matter will now proceed on the merits and both sides will have the opportunity to file briefs with the court in support of their respective arguments.  The Partnership believes the liability recorded

48

as of September 29, 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 the Partnership's 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 its 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 that was 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 was 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 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 (10.1)	Amendment No. 1 dated September 30, 2013 to the 2013 Credit Agreement dated as of March 6, 2013.
Exhibit (10.2)	Employment Agreement with Matthew A. Ouimet, dated October 21, 2013. Incorporated herein by reference to Exhibit 10.1 to the Registrant's Form 8-K filed on October 21, 2013.
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 September 29, 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:	November 7, 2013	/s/ Matthew A. Ouimet
		Matthew A. Ouimet
		President and Chief Executive Officer
Date:	November 7, 2013	/s/ Brian C. Witherow
		Brian C. Witherow
		Executive Vice President and
		Chief Financial Officer

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INDEX TO EXHIBITS

Exhibit (10.1)	Amendment No. 1 dated September 30, 2013 to the 2013 Credit Agreement dated as of March 6, 2013.
Exhibit (10.2)	Employment Agreement with Matthew A. Ouimet, dated October 21, 2013. Incorporated herein by reference to Exhibit 10.1 to the Registrant's Form 8-K filed on October 21, 2013.
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 September 29, 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-10.1

Exhibit 12.1

AMENDMENT NO. 1, dated as of September [30], 2013 (this “Amendment”), to the Credit Agreement dated as of March 6, 2013, among Cedar fair, L.P., a Delaware limited partnership (the “U.S. Borrower”), MAGNUM MANAGEMENT CORPORATION, an Ohio corporation (the “U.S. Co-Borrower”), CANADA’S WONDERLAND COMPANY, a Nova Scotia unlimited liability company (the “Canadian Borrower” and, collectively with the U.S. Borrower and the U.S. Co-Borrower, the “Borrowers” and, individually, a “Borrower”), the several banks and other financial institutions or entities from time to time parties to the Credit Agreement (the “Lenders”), the Issuing Lenders and Swing Line Lenders party thereto and jpmorgan chase bank, n.a., as Administrative Agent (the “Administrative Agent”) and as collateral agent (as amended, restated, modified and supplemented from time to time, the “Credit Agreement”); capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.

WHEREAS, the Borrowers desire to amend the Credit Agreement on the terms set forth herein;

WHEREAS, Section 11.1 of the Credit Agreement provides that the relevant Loan Parties and the Required Lenders may amend the Credit Agreement and the other Loan Documents for certain purposes;

WHEREAS, the Borrowers have requested the Required Lenders and the Administrative Agent consent to amend the Credit Agreement in certain respects as set forth herein;

NOW, THEREFORE, in consideration of the premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

Section 1.Amendment. Subject to the conditions set forth below, and in reliance upon the representations and warranties of the Loan Parties set forth in the Credit Agreement and in this Amendment, effective as of the Amendment No. 1 Effective Date (as defined herein), the Credit Agreement is hereby amended as follows:

(a)The definition of “Qualified Counterparty” is hereby amended by adding the words “or on the Closing Date” after the words “was entered into” only in the first instance in the definition.

(b)The definition of “Specified Hedge Agreement” is hereby amended by deleting the words “after the Closing Date” in clause (i) of the first sentence.

Section 2.Representations and Warranties, No Default. The Borrowers hereby represent and warrant that as of the Amendment No. 1 Effective Date, after giving effect to the amendments set forth in this Amendment, (i) no Default or Event of Default exists and is continuing and (ii) all representations and warranties contained in the Credit Agreement are true and correct in all material respects on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier date (provided that representations and

Exhibit 12.1

warranties that are qualified by materiality are true and correct (after giving effect to any qualification therein) in all respects on and as of the date hereof).

Section 1.Effectiveness. Section 1 of this Amendment shall become effective on the date (such date, if any, the “Amendment No. 1 Effective Date”) that the following conditions have been satisfied:

(i)Consents. The Administrative Agent shall have received executed signature pages hereto from Lenders constituting the Required Lenders and each Loan Party;

(ii)Expenses. J.P. Morgan Securities LLC shall have received all reasonable and documented out-of-pocket expenses for which invoices have been presented (including the reasonable expenses of legal counsel), on or before the Amendment No. 1 Effective Date.

(iii)Representations and Warranties. The representations and warranties in Section 2 hereof shall be true and correct in all material respects.

Section 2.Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or any other electronic transmission shall be effective as delivery of a manually executed counterpart hereof.

Section 3.Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

Section 4.Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

Section 5.Effect of Amendment. Except as expressly set forth herein, (i) this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, any other Agent or the Issuing Lenders, in each case under the Credit Agreement or any other Loan Document, and (ii) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of either such agreement or any other Loan Document. Each and every term, condition, obligation, covenant and agreement contained in the Credit Agreement or any other Loan Document is hereby ratified and re-affirmed in all respects and shall continue in full force and effect. Each Loan Party reaffirms its obligations under the Loan Documents to which it is party and the validity of the Liens granted by it pursuant to the Security Documents. This Amendment shall constitute a Loan Document for purposes of the Credit Agreement and from

2

Exhibit 12.1

and after the Amendment No. 1 Effective Date, all references to the Credit Agreement in any Loan Document and all references in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, shall, unless expressly provided otherwise, refer to the Credit Agreement as amended by this Amendment. Each of the Loan Parties hereby consents to this Amendment and confirms that all obligations of such Loan Party under the Loan Documents to which such Loan Party is a party shall continue to apply to the Credit Agreement as amended hereby.

[signature pages follow]

3

Exhibit 12.1

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written.

CEDAR FAIR, L.P.

By Cedar Fair Management Inc., its Managing General Partner

By: _______________________________________________            

Name:

Title:

MAGNUM MANAGEMENT CORPORATION

By: _______________________________________________        

Name:

Title:

CANADA’S WONDERLAND COMPANY

By: _______________________________________________        

Name:

Title:

Solely for purposes of Section 7 of this Amendment:

BOECKLING, L.P.

By: Magnum Management Corporation, its General Partner

By: _______________________________________________        

Name:

Title:

[Signature Page to Amendment]

Exhibit 12.1

CEDAR FAIR

By: Magnum Management Corporation, its Managing General Partner

By: _______________________________________________        

Name:

Title:

CEDAR FAIR SOUTHWEST INC.

By: _______________________________________________        

Name:

Title:

CEDAR POINT OF MICHIGAN, INC.

By: _______________________________________________        

Name:

Title:

CEDAR POINT, INC.

By: _______________________________________________        

Name:

Title:

KINGS ISLAND COMPANY

By: _______________________________________________        

Name:

Title:

[Signature Page to Amendment]

Exhibit 12.1

KNOTT’S BERRY FARM

By: Cedar Fair L.P., its General Partner

By: _______________________________________________        

Name:

Title:

MICHIGAN’S ADVENTURE, INC.

By: _______________________________________________        

Name:

Title:

WESTERN ROW PROPERTIES, INC.

By: _______________________________________________        

Name:

Title:

WONDERLAND COMPANY INC.

By: _______________________________________________        

Name:

Title:

[Signature Page to Amendment]

Exhibit 12.1

JPMORGAN CHASE BANK, N.A., as Administrative Agent and a Lender

By: _______________________________________________        

Name:

Title:

[Signature Page to Amendment]

Exhibit 12.1

The undersigned hereby consents to Amendment No. 1:

________________________________________    

(Name of Institution)

By: ____________________________________

Name:

Title:

By: ____________________________________

Name:

Title:

[Consent to Amendment]

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:	November 7, 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:	November 7, 2013	/s/ Brian C. Witherow
		Brian C. Witherow
		Executive Vice President and Chief Financial Officer

EX-32.1

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 September 29, 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.

November 7, 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.

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Income and Partnership Taxes

9 Months Ended

Sep. 29, 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 third 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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Unaudited Condensed Consolidated Statements of Operations (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Net revenues:
Admissions	$ 339,655	$ 319,607	$ 562,214	$ 533,143	$ 641,140	$ 624,030
Food, merchandise and games	180,408	171,336	316,940	305,203	353,951	347,374
Accommodations and other	72,013	62,502	116,341	100,903	129,609	112,690
Total net revenues	592,076	553,445	995,495	939,249	1,124,700	1,084,094
Costs and expenses:
Cost of food, merchandise and games revenues	45,843	47,353	81,933	83,926	93,055	96,002
Operating expenses	170,394	163,311	388,335	380,832	458,906	460,125
Selling, general and administrative	58,727	52,993	125,533	115,488	148,356	145,788
Depreciation and amortization	57,495	60,223	108,313	112,211	122,408	127,191
Gain on sale of other assets	(8,743)	0	(8,743)	0	(15,368)	0
Loss on impairment / retirement of fixed assets, net	1,637	25,000	2,266	24,230	8,372	34,509
Total costs and expenses	325,353	348,880	697,637	716,687	815,729	863,615
Operating income	266,723	204,565	297,858	222,562	308,971	220,479
Interest expense	25,529	26,863	77,153	83,902	103,870	116,437
Net effect of swaps	1,377	(175)	8,315	(1,318)	8,141	(10,930)
Loss on early debt extinguishment	0	0	34,573	0	34,573	0
Unrealized/realized foreign currency (gain) loss	(8,615)	(15,035)	15,229	(13,926)	20,157	(18,721)
Other income	17	13	126	31	163	68
Income before taxes	248,449	192,925	162,714	153,935	142,393	133,761
Provision for taxes	58,025	51,912	34,026	41,754	24,030	27,858
Net income	190,424	141,013	128,688	112,181	118,363	105,903
Net income allocated to general partner	2	1	1	1	1	1
Net income allocated to limited partners	190,422	141,012	128,687	112,180	118,362	105,902
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(699)	(563)	1,194	(1,251)	2,814	(2,672)
Unrealized income (loss) on cash flow hedging derivatives	(2,761)	(234)	7,803	(1,798)	9,740	(397)
Other comprehensive income (loss), (net of tax)	(3,460)	(797)	8,997	(3,049)	12,554	(3,069)
Total comprehensive income	$ 186,964	$ 140,216	$ 137,685	$ 109,132	$ 130,917	$ 102,834
Basic earnings per limited partner unit:
Weighted average limited partner units outstanding	55,485	55,611	55,472	55,473	55,460	55,440
Net income per limited partner unit	3.43	2.54	2.32	2.02	2.13	1.91
Diluted earnings per limited partner unit:
Weighted average limited partner units outstanding	55,863	55,992	55,803	55,848	55,804	55,887
Net income per limited partner unit	3.41	2.52	2.31	2.01	2.12	1.89

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Interim Reporting

9 Months Ended

Sep. 29, 2013

Quarterly Financial Information Disclosure [Abstract]

Interim Reporting

Interim Reporting:

The Partnership owns and operates eleven amusement parks, three 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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Fair Value Measurements (Tables)

9 Months Ended

Sep. 29, 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 September 29, 2013, December 31, 2012, and September 30, 2012 on a recurring basis:

	Total			Level 1		Level 2			Level 3
September 29, 2013
(In thousands)
Interest rate swap agreements (1)	$	(5,483	)	$	—	$	(5,483	)	$	—
Interest rate swap agreements (2)	(26,163		)	—		(26,163		)	—
Net derivative liability	$	(31,646	)	$	—	$	(31,646	)	$	—
December 31, 2012
Interest rate swap agreements (1)	$	(32,260	)	$	—	$	(32,260	)	$	—
Net derivative liability	$	(32,260	)	$	—	$	(32,260	)	$	—
September 30, 2012
Interest rate swap agreements (1)	$	(34,708	)	$	—	$	(34,708	)	$	—
Net derivative liability	$	(34,708	)	$	—	$	(34,708	)	$	—

(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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Contingencies

9 Months Ended

Sep. 29, 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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Consolidating Financial Information of Guarantors and Issuers Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	1 Months Ended	9 Months Ended		12 Months Ended
	Feb. 26, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		$ 316,955	$ 276,744	$ 324,848	$ 272,554
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		0	0	0	0
Sale of other assets		15,297	1,173	30,182	1,173
Capital expenditures		(97,534)	(75,810)	(116,761)	(93,120)
Net cash for investing activities		(82,237)	(74,637)	(86,579)	(91,947)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings		630,000	0	630,000	0
Note borrowings		500,000	0	500,000	0
Derivative settlement	(50,500)	0	(50,450)	0	(50,450)
Repayments of Long-term Debt		(1,132,675)	(25,000)	(1,132,675)	(25,000)
Intercompany term debt (payments) receipts			0		0
Distributions (paid) received		(104,458)	(66,565)	(126,706)	(105,308)
Capital (contribution) infusion			0		0
Payments of Debt Issuance Costs		22,812	0	22,812	723
Exercise of limited partnership unit options		43	47	43	53
Excess tax benefit from unit-based compensation		(148)	(454)	1,515	(454)
Net cash for financing activities		(130,050)	(142,422)	(150,635)	(181,882)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		(16)	893	(254)	1,065
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period		104,652	60,578	87,380	(210)
Balance, beginning of period		78,830	35,524	96,102	96,312
Balance, end of period		183,482	96,102	183,482	96,102
Cedar Fair L.P. (Parent) [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		337,821	209,022	258,843	181,718
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		(63,105)	(56,757)	24,507	(35,830)
Sale of other assets		0	1,173	0	1,173
Capital expenditures		(43,568)	(29,295)	(47,938)	(33,025)
Net cash for investing activities		(106,673)	(84,879)	(23,431)	(67,682)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings		359,022		359,022
Note borrowings		294,897		294,897
Derivative settlement			0		0
Repayments of Long-term Debt		(655,723)	(14,468)	(655,723)	(14,467)
Intercompany term debt (payments) receipts			0		0
Distributions (paid) received		(107,013)	(66,675)	(129,277)	(105,569)
Capital (contribution) infusion			0		0
Payments of Debt Issuance Costs		14,331		14,331	0
Exercise of limited partnership unit options		0	0	0	0
Excess tax benefit from unit-based compensation		0	0	0	0
Net cash for financing activities		(123,148)	(81,143)	(145,412)	(120,036)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period		108,000	43,000	90,000	(6,000)
Balance, beginning of period		25,000	0	43,000	49,000
Balance, end of period		133,000	43,000	133,000	43,000
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		60,434	49,092	42,367	(157,023)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		(52,172)	(70,669)	(37,602)	(42,342)
Sale of other assets		0	0	0	0
Capital expenditures		0	(8)	(1)	(8)
Net cash for investing activities		(52,172)	(70,677)	(37,603)	(42,350)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings		256,500		256,500
Note borrowings		205,103		205,103
Derivative settlement			0		0
Repayments of Long-term Debt		(462,438)	(10,212)	(462,438)	(10,213)
Intercompany term debt (payments) receipts			93,845		269,500
Distributions (paid) received		2,555	110	2,571	261
Capital (contribution) infusion			(60,000)		(60,000)
Payments of Debt Issuance Costs		8,028		8,028	0
Exercise of limited partnership unit options		43	47	43	53
Excess tax benefit from unit-based compensation		(148)	(454)	1,515	(454)
Net cash for financing activities		(6,413)	23,336	(4,734)	199,147
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period		1,849	1,751	30	(226)
Balance, beginning of period		444	512	2,263	2,489
Balance, end of period		2,293	2,263	2,293	2,263
Co-Issuer Subsidiary (Cedar Canada) [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		21,615	9,484	32,927	8,795
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		(29,579)	3,557	(30,743)	8,488
Sale of other assets		0	0	0	0
Capital expenditures		(5,517)	(14,426)	(5,532)	(23,050)
Net cash for investing activities		(35,096)	(10,869)	(36,275)	(14,562)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings		14,478		14,478
Note borrowings		0		0
Derivative settlement			(50,450)		(50,450)
Repayments of Long-term Debt		(14,514)	(320)	(14,514)	(320)
Intercompany term debt (payments) receipts			0		0
Distributions (paid) received		0	0	0	0
Capital (contribution) infusion			60,000		60,000
Payments of Debt Issuance Costs		453		453	723
Exercise of limited partnership unit options		0	0	0	0
Excess tax benefit from unit-based compensation		0	0	0	0
Net cash for financing activities		(489)	9,230	(489)	8,507
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		(16)	893	(254)	1,065
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period		(13,986)	8,738	(4,091)	3,805
Balance, beginning of period		50,173	31,540	40,278	36,473
Balance, end of period		36,187	40,278	36,187	40,278
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		66,757	156,240	52,457	314,835
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		(24,816)	(23,225)	(17,908)	(6,087)
Sale of other assets		15,297	0	30,182	0
Capital expenditures		(48,449)	(32,081)	(63,290)	(37,037)
Net cash for investing activities		(57,968)	(55,306)	(51,016)	(43,124)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings		0		0
Note borrowings		0		0
Derivative settlement			0		0
Repayments of Long-term Debt		0	0	0	0
Intercompany term debt (payments) receipts			(93,845)		(269,500)
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 for financing activities		0	(93,845)	0	(269,500)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period		8,789	7,089	1,441	2,211
Balance, beginning of period		3,213	3,472	10,561	8,350
Balance, end of period		12,002	10,561	12,002	10,561
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		(169,672)	(147,094)	(61,746)	(75,771)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		169,672	147,094	61,746	75,771
Sale of other assets		0	0	0	0
Capital expenditures		0	0	0	0
Net cash for investing activities		169,672	147,094	61,746	75,771
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings		0		0
Note borrowings		0		0
Derivative settlement			0		0
Repayments of Long-term Debt		0	0	0	0
Intercompany term debt (payments) receipts			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 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

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Earnings per Unit (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Basic weighted average units outstanding	55,485,000	55,611,000	55,472,000	55,473,000	55,460,000	55,440,000
Effect of dilutive units:
Unit options and restricted unit awards	189,000	45,000	146,000	42,000	120,000	31,000
Phantom units	189,000	336,000	185,000	333,000	224,000	416,000
Diluted weighted average units outstanding	55,863,000	55,992,000	55,803,000	55,848,000	55,804,000	55,887,000
Net income per limited partner unit	3.43	2.54	2.32	2.02	2.13	1.91
Net income (loss) per limited partner unit	3.41	2.52	2.31	2.01	2.12	1.89
Unit Options [Member]
Effect of dilutive units:
Antidilutive securities excluded from the computation of earnings per unit	0	66,000	7,000	34,000	4,000	36,000

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Changes in Accumulated Other Comprehensive Income by Component (Tables)

9 Months Ended

Sep. 29, 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 Cash Flow Hedges			Foreign Currency Items
								Total
Balance at June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)
Other comprehensive income before reclassifications		(4,440		)	(699		)	(5,139		)
Amounts reclassified from accumulated other comprehensive income (2)		1,679			—			1,679
Net current-period other comprehensive income		(2,761		)	(699		)	(3,460		)
September 29, 2013		$	(17,946	)	$	(1,557	)	$	(19,503	)

(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.

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at December 31, 2012		$	(25,749	)	$	(2,751	)	$	(28,500	)
Other comprehensive income before reclassifications		(2,500		)	1,194			(1,306		)
Amounts reclassified from accumulated other comprehensive income (2)		10,303			—			10,303
Net current-period other comprehensive income		7,803			1,194			8,997
September 29, 2013		$	(17,946	)	$	(1,557	)	$	(19,503	)

(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.

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at September 30, 2012		$	(27,686	)	$	(4,371	)	$	(32,057	)
Other comprehensive income before reclassifications		(416		)	2,814			2,398
Amounts reclassified from accumulated other comprehensive income (2)		10,156			—			10,156
Net current-period other comprehensive income		9,740			2,814			12,554
September 29, 2013		$	(17,946	)	$	(1,557	)	$	(19,503	)

(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	3 months ended 9/29/13			9 months ended 9/29/13			12 months ended 9/29/13
Interest rate contracts	$	1,986		$	12,146		$	11,972		Net effect of swaps
	$	1,986		$	12,146		$	11,972		Total before tax
	(307		)	(1,843		)	(1,816		)	Provision (benefit) for taxes
	$	1,679		$	10,303		$	10,156		Net of tax

(1) Amounts in parentheses indicate debits.

XML

Restatement (Tables)

9 Months Ended

Sep. 29, 2013

Accounting Changes and Error Corrections [Abstract]

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

Balance Sheet
(In thousands)	9/30/2012
Accumulated depreciation
As filed	$	(1,175,744	)
Correction	(7,845		)
As restated	$	(1,183,589	)
Total assets
As filed	$	2,089,837
Correction	(7,845		)
As restated	$	2,081,992
Deferred Tax Liability
As filed	$	143,094
Correction	(2,981		)
As restated	$	140,113
Limited Partners' Equity
As filed	$	212,797
Correction	(4,864		)
As restated	$	207,933

Statements of Operations and Other Comprehensive Income
(In thousands except per unit amounts)	Three months ended			Nine months ended			Twelve months ended
	9/30/2012			9/30/2012			9/30/2012
Depreciation and amortization
As filed	$	60,747		$	113,156		$	128,136
Correction	(524		)	(945		)	(945		)
As restated	$	60,223		$	112,211		$	127,191
Loss (gain) on impairment / retirement of fixed assets, net
As filed	$	25,000		$	24,230		$	25,719
Correction	—			—			8,790
As restated	$	25,000		$	24,230		$	34,509
Income (loss) before tax
As filed	$	192,401		$	152,990		$	141,606
Correction	524			945			(7,845		)
As restated	$	192,925		$	153,935		$	133,761
Provision (benefit) for taxes
As filed	$	51,713		$	41,395		$	30,839
Correction	199			359			(2,981		)
As restated	$	51,912		$	41,754		$	27,858
Net income (loss)
As filed	$	140,688		$	111,595		$	110,767
Correction	325			586			(4,864		)
As restated	$	141,013		$	112,181		$	105,903
Basic earnings per limited partner unit:
As filed	$	2.53		$	2.01		$	2.00
Correction	0.01			0.01			(0.09		)
As restated	$	2.54		$	2.02		$	1.91
Diluted earnings per limited partner unit:
As filed	$	2.51		$	2.00		$	1.98
Correction	0.01			0.01			(0.09		)
As restated	$	2.52		$	2.01		$	1.89

XML

Consolidating Financial Information of Guarantors and Issuers Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011	Sep. 25, 2011
Current Assets:
Cash and cash equivalents	$ 183,482	$ 78,830	$ 96,102	$ 35,524	$ 96,312
Receivables	42,534	18,192	29,357
Inventories	29,316	27,840	33,593
Current deferred tax asset	8,185	8,184	10,345
Income tax refundable	662	0	10,454
Other current assets	8,964	8,060	7,443
Total current assets	273,143	141,106	187,294
Property and equipment (net)	1,514,674	1,544,272	1,555,999
Investment In Park	0	0	0
Goodwill	241,936	246,221	247,663
Other intangibes, net	40,025	40,652	40,865
Deferred Tax Asset	0	0	0
Intercompany Receivable	0	0	0
Other Assets	31,269	47,614	50,171
Assets	2,101,047	2,019,865	2,081,992
Current Liabilities:
Current maturities of long-term debt	6,300	0	0
Accounts payable	21,877	10,734	22,596
Deferred revenue	37,627	39,485	34,682
Accrued interest	10,253	15,512	7,012
Accrued taxes	39,393	17,813	52,404
Accrued salaries, wages and benefits	39,621	24,836	36,219
Self-insurance reserves	24,088	23,906	23,092
Other accrued liabilities	7,618	5,916	10,843
Total current liabilities	186,777	138,202	186,848
Deferred Tax Liability	157,603	153,792	140,113
Derivative Liability	31,646	32,260	34,708
Other Liabilities	9,073	8,980	7,380
Long-Term Debt:
Term debt	622,125	1,131,100	1,131,100
Notes	901,606	401,080	400,676
Total long-term debt	1,523,731	1,532,180	1,531,776
Equity	192,217	154,451	181,167
Total Partners' Equity and Liabilities	2,101,047	2,019,865	2,081,992
Cedar Fair L.P. (Parent) [Member]
Current Assets:
Cash and cash equivalents	133,000	25,000	43,000	0	49,000
Receivables	12	4	3
Inventories	0	0	0
Current deferred tax asset	0	0	0
Income tax refundable	0		0
Other current assets	995	563	929
Total current assets	134,007	25,567	43,932
Property and equipment (net)	450,205	439,506	425,747
Investment In Park	548,241	485,136	572,748
Goodwill	9,061	9,061	9,061
Other intangibes, net	0	0	0
Deferred Tax Asset	0	0	0
Intercompany Receivable	877,010	877,612	877,208
Other Assets	13,196	22,048	23,361
Assets	2,031,720	1,858,930	1,952,057
Current Liabilities:
Current maturities of long-term debt	6,300
Accounts payable	281,983	147,264	210,936
Deferred revenue	0	0	0
Accrued interest	2,677	98	735
Accrued taxes	5,413	4,518	5,818
Accrued salaries, wages and benefits	1	0	0
Self-insurance reserves	0	0	0
Other accrued liabilities	991	1,110	824
Total current liabilities	297,365	152,990	218,313
Deferred Tax Liability	0	0	0
Derivative Liability	18,407	19,309	20,801
Other Liabilities	0	0	0
Long-Term Debt:
Term debt	622,125	1,131,100	1,131,100
Notes	901,606	401,080	400,676
Total long-term debt	1,523,731	1,532,180	1,531,776
Equity	192,217	154,451	181,167
Total Partners' Equity and Liabilities	2,031,720	1,858,930	1,952,057
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]
Current Assets:
Cash and cash equivalents	2,293	444	2,263	512	2,489
Receivables	124,478	101,093	108,211
Inventories	1,578	1,724	1,584
Current deferred tax asset	3,708	3,705	6,239
Income tax refundable	0		0
Other current assets	3,558	17,858	2,065
Total current assets	135,615	124,824	120,362
Property and equipment (net)	985	1,013	1,025
Investment In Park	824,356	772,183	786,753
Goodwill	0	0	0
Other intangibes, net	0	0	0
Deferred Tax Asset	30,316	36,443	39,320
Intercompany Receivable	1,069,069	1,070,125	1,069,721
Other Assets	9,031	14,832	15,580
Assets	2,069,372	2,019,420	2,032,761
Current Liabilities:
Current maturities of long-term debt	6,300
Accounts payable	159,781	213,279	116,160
Deferred revenue	0	0	0
Accrued interest	1,593	64	195
Accrued taxes	29,386	0	42,090
Accrued salaries, wages and benefits	27,622	17,932	24,864
Self-insurance reserves	5,545	5,528	4,751
Other accrued liabilities	4,077	2,502	4,097
Total current liabilities	234,304	239,305	192,157
Deferred Tax Liability	0	0	0
Derivative Liability	13,239	12,951	13,907
Other Liabilities	5,573	5,480	3,880
Long-Term Debt:
Term debt	622,125	1,131,100	1,131,100
Notes	901,606	401,080	400,676
Total long-term debt	1,523,731	1,532,180	1,531,776
Equity	292,525	229,504	291,041
Total Partners' Equity and Liabilities	2,069,372	2,019,420	2,032,761
Co-Issuer Subsidiary (Cedar Canada) [Member]
Current Assets:
Cash and cash equivalents	36,187	50,173	40,278	31,540	36,473
Receivables	70,303	71,099	64,153
Inventories	2,090	2,352	2,742
Current deferred tax asset	816	816	772
Income tax refundable	662		10,454
Other current assets	613	530	674
Total current assets	110,671	124,970	119,073
Property and equipment (net)	248,484	268,157	272,951
Investment In Park	143,548	115,401	115,271
Goodwill	121,657	125,942	127,384
Other intangibes, net	17,228	17,835	18,039
Deferred Tax Asset	0	0	0
Intercompany Receivable	1,113,983	1,116,623	1,116,623
Other Assets	6,902	8,419	8,925
Assets	1,762,473	1,777,347	1,778,266
Current Liabilities:
Current maturities of long-term debt	6,300
Accounts payable	7,802	16,101	29,248
Deferred revenue	1,951	4,996	4,544
Accrued interest	5,983	15,350	6,082
Accrued taxes	0	6,239	0
Accrued salaries, wages and benefits	2,154	1,214	2,365
Self-insurance reserves	1,896	1,754	1,698
Other accrued liabilities	694	140	2,417
Total current liabilities	26,780	45,794	46,354
Deferred Tax Liability	61,143	63,460	59,462
Derivative Liability	0	0	0
Other Liabilities	0	0	0
Long-Term Debt:
Term debt	622,125	1,131,100	1,131,100
Notes	901,606	401,080	400,676
Total long-term debt	1,523,731	1,532,180	1,531,776
Equity	150,819	135,913	140,674
Total Partners' Equity and Liabilities	1,762,473	1,777,347	1,778,266
Guarantor Subsidiaries [Member]
Current Assets:
Cash and cash equivalents	12,002	3,213	10,561	3,472	8,350
Receivables	589,797	498,555	478,372
Inventories	25,648	23,764	29,267
Current deferred tax asset	3,661	3,663	3,334
Income tax refundable	0		0
Other current assets	3,798	5,490	3,775
Total current assets	634,906	534,685	525,309
Property and equipment (net)	815,000	835,596	856,276
Investment In Park	81,719	53,790	60,141
Goodwill	111,218	111,218	111,218
Other intangibes, net	22,797	22,817	22,826
Deferred Tax Asset	90	90	0
Intercompany Receivable	0	0	0
Other Assets	2,140	2,315	2,305
Assets	1,667,870	1,560,511	1,578,075
Current Liabilities:
Current maturities of long-term debt	0
Accounts payable	314,367	286,649	287,634
Deferred revenue	35,676	34,489	30,138
Accrued interest	0	0	0
Accrued taxes	4,594	23,437	4,496
Accrued salaries, wages and benefits	9,844	5,690	8,990
Self-insurance reserves	16,647	16,624	16,643
Other accrued liabilities	1,856	2,164	3,505
Total current liabilities	382,984	369,053	351,406
Deferred Tax Liability	126,866	126,865	119,971
Derivative Liability	0	0	0
Other Liabilities	3,500	3,500	3,500
Long-Term Debt:
Term debt	0	0	0
Notes	0	0	0
Total long-term debt	0	0	0
Equity	1,154,520	1,061,093	1,103,198
Total Partners' Equity and Liabilities	1,667,870	1,560,511	1,578,075
Eliminations [Member]
Current Assets:
Cash and cash equivalents	0	0	0	0	0
Receivables	(742,056)	(652,559)	(621,382)
Inventories	0	0	0
Current deferred tax asset	0	0	0
Income tax refundable	0		0
Other current assets	0	(16,381)	0
Total current assets	(742,056)	(668,940)	(621,382)
Property and equipment (net)	0	0	0
Investment In Park	(1,597,864)	(1,426,510)	(1,534,913)
Goodwill	0	0	0
Other intangibes, net	0	0	0
Deferred Tax Asset	(30,406)	(36,533)	(39,320)
Intercompany Receivable	(3,060,062)	(3,064,360)	(3,063,552)
Other Assets	0	0	0
Assets	(5,430,388)	(5,196,343)	(5,259,167)
Current Liabilities:
Current maturities of long-term debt	(12,600)
Accounts payable	(742,056)	(652,559)	(621,382)
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	(754,656)	(668,940)	(621,382)
Deferred Tax Liability	(30,406)	(36,533)	(39,320)
Derivative Liability	0	0	0
Other Liabilities	0	0	0
Long-Term Debt:
Term debt	(1,244,250)	(2,262,200)	(2,262,200)
Notes	(1,803,212)	(802,160)	(801,352)
Total long-term debt	(3,047,462)	(3,064,360)	(3,063,552)
Equity	(1,597,864)	(1,426,510)	(1,534,913)
Total Partners' Equity and Liabilities	$ (5,430,388)	$ (5,196,343)	$ (5,259,167)

XML

Derivative Financial Instruments Schedule of Derivatives (Details) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended							3 Months Ended		9 Months Ended		12 Months Ended						9 Months Ended																									3 Months Ended		9 Months Ended		12 Months Ended					3 Months Ended		9 Months Ended		12 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended		9 Months Ended				12 Months Ended				3 Months Ended				9 Months Ended				12 Months Ended				9 Months Ended		12 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 26, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Dec. 31, 2012	Dec. 31, 2007	Sep. 29, 2013 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 12 [Member]	Sep. 29, 2013 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 13 [Member]	Sep. 29, 2013 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 14 [Member]	Sep. 29, 2013 Interest Rate Swap [Member]	Sep. 30, 2012 Interest Rate Swap [Member]	Sep. 29, 2013 Interest Rate Swap [Member]	Sep. 30, 2012 Interest Rate Swap [Member]	Sep. 29, 2013 Interest Rate Swap [Member]	Sep. 30, 2012 Interest Rate Swap [Member]	May 31, 2011 Foreign Currency Swap [Member]	Sep. 29, 2013 Cash Flow Hedging [Member] Cross-Currency Swap [Member]	Sep. 29, 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]	Sep. 29, 2013 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] September 2010 and March 2011 Swaps [Member]	Mar. 05, 2013 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] September 2010 and March 2011 Swaps [Member]	Sep. 29, 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]	Sep. 29, 2013 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] September 2010, March 2011, and March 2013 Swaps [Member] [Domain]	Sep. 29, 2013 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] 2013 forwards [Member]	Sep. 29, 2013 Not Designated As Hedging [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 1 [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 2 [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 3 [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 4 [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 5 [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 6 [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 7 [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 8 [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 9 [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 10 [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 11 [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Designated As Hedging [Member]	Sep. 29, 2013 Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Designated As Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Designated As Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Notes Payable Due 2021 [Member] [Domain] Senior Unsecured Notes [Member]	Sep. 29, 2013 Credit Agreement 2013 [Member] [Domain]	Sep. 29, 2013 Credit Agreement 2013 [Member] [Domain] Senior Secured Term Loan [Member]	Sep. 29, 2013 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Sep. 30, 2012 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Sep. 29, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Sep. 30, 2012 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Sep. 29, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Sep. 30, 2012 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Sep. 29, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Cross-Currency Swap [Member]		Sep. 30, 2012 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Cross-Currency Swap [Member]		Sep. 29, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Cross-Currency Swap [Member]		Sep. 30, 2012 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Cross-Currency Swap [Member]		Sep. 29, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Interest Rate Swap [Member]		Sep. 30, 2012 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Interest Rate Swap [Member]		Sep. 29, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Interest Rate Swap [Member]		Sep. 30, 2012 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Interest Rate Swap [Member]		Sep. 29, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Interest Rate Swap [Member]		Sep. 30, 2012 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Interest Rate Swap [Member]		Sep. 29, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Foreign Currency Swap [Member]	Sep. 30, 2012 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Foreign Currency Swap [Member]	Sep. 29, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Foreign Currency Swap [Member]	Sep. 30, 2012 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Foreign Currency Swap [Member]	Sep. 29, 2013 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net																																																$ (5,483,000)	$ 438,000	$ (3,217,000)	$ (2,308,000)	$ (769,000)	$ (873,000)
Derivative, Net Hedge Ineffectiveness Gain (Loss)																																																																																													0	0	3,703,000	0	3,703,000	4,797,000
Derivative Instruments, Gain (Loss) Recognized in Income, Net																																																															609,000	0	130,000	1,279,000	130,000	5,646,000	0	[1]	(4,999,000)	[1]	0	[2]	(4,483,000)	[2]	609,000	[3]	0	[3]	130,000	[4]	0	[4]	130,000	[3]	0	[3]	0	6,278,000	0	10,129,000
Gain on Cash Flow Hedge Ineffectiveness					1,300,000
Derivative settlement	(50,500,000)			0	(50,450,000)	0	(50,450,000)
Foreign currency gain (loss)					(200,000)		(400,000)
Notional amount										200,000,000	100,000,000	100,000,000																	800,000,000	200,000,000	150,000,000	75,000,000	70,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	30,000,000	25,000,000				400,000,000
Fixed interest rate										3.00%	3.00%	2.996%																		2.27%	2.427%	2.298%	2.54%	2.54%	2.54%	2.427%	2.293%	2.293%	2.54%	2.298%
Average rate																							2.46%		2.54%		2.331%	3.00%
Debt Instrument, Face Amount																																																						500,000,000	885,000,000	630,000,000
Net effect of swaps		(1,377,000)	175,000	(8,315,000)	1,318,000	(8,141,000)	10,930,000																3,300,000
Derivative, amount of hedged item																				268,700,000	600,000,000				200,000,000			400,000,000
Debt Instrument, Interest Rate, Stated Percentage																																																						5.25%
Number of derivative instruments									2																4			3
Debt instrument, LIBOR floor, decrease to percent		1.00%		1.00%		1.00%
Debt instrument, LIBOR floor, decrease from percent		1.50%		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		26,100,000		7,800,000
Derivative Liability		31,646,000	34,708,000	31,646,000	34,708,000	31,646,000	34,708,000	32,260,000					(31,600,000)		(31,600,000)		(31,600,000)							22,200,000																	(26,163,000)	0	0		(5,483,000)	(32,260,000)	(34,708,000)
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net				7,800,000		7,800,000
Amortization of Deferred Hedge Gains													2,000,000	(200,000)	4,300,000	200,000	4,100,000	(100,000)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net																																																									$ 0	$ (2,990,000)	$ (2,797,000)	$ (9,004,000)	$ (5,820,000)	$ (12,027,000)

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

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

[3] The May 2011 interest rate swaps were de-designated in March 2013. The Combination Swaps were de-designated in July 2013.

[4] (2)The May 2011 interest rate swaps were de-designated in March 2013. The Combination Swaps were de-designated in July 2013.

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Restatement Restated Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012	Sep. 30, 2012
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated depreciation	$ (1,245,597)	$ (1,162,213)	$ (1,183,589)
Total assets	2,101,047	2,019,865	2,081,992
Deferred Tax Liability	157,603	153,792	140,113
Limited Partners' Equity	206,428	177,660	207,933
As previously filed [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated depreciation			(1,175,744)
Total assets			2,089,837
Deferred Tax Liability			143,094
Limited Partners' Equity			212,797
Correction [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated depreciation			(7,845)
Total assets			(7,845)
Deferred Tax Liability			(2,981)
Limited Partners' Equity			$ (4,864)

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Goodwill and Other Intangible Assets Goodwill (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2013	Sep. 30, 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	247,663
Foreign currency translation	(4,285)
Goodwill (gross), end of period	321,804
Accumulated Impairment Losses, end of period	(79,868)
Goodwill (net), end of period	$ 241,936	$ 247,663

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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		9 Months Ended		12 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	$ (16,043)		$ (28,500)		$ (32,057)
Other comprehensive income before reclassifications	(5,139)		(1,306)
Amounts reclassified from accumulated other comprehensive income	1,679		10,303
Net current-period other comprehensive income	(3,460)	(797)	8,997	(3,049)	12,554	(3,069)
Balance, ending	(19,503)	(32,057)	(19,503)	(32,057)	(19,503)	(32,057)
Gains and Losses on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	(15,185)		(25,749)		(27,686)
Other comprehensive income before reclassifications	(4,440)		(2,500)		(416)
Amounts reclassified from accumulated other comprehensive income	1,679		10,303		10,156
Net current-period other comprehensive income	(2,761)		7,803		9,740
Balance, ending	(17,946)		(17,946)		(17,946)
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	(858)		(2,751)		(4,371)
Other comprehensive income before reclassifications	(699)		1,194		2,814
Amounts reclassified from accumulated other comprehensive income	0		0		0
Net current-period other comprehensive income	(699)		1,194		2,814
Balance, ending	$ (1,557)		$ (1,557)		$ (1,557)

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Earnings per Unit (Tables)

12 Months Ended

Sep. 29, 2013

Earnings Per Unit [Abstract]

Net income (loss) per limited partner unit

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

	Three months ended				Nine months ended				Twelve months ended
	9/29/2013		9/30/2012		9/29/2013		9/30/2012		9/29/2013		9/30/2012
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,485		55,611		55,472		55,473		55,460		55,440
Effect of dilutive units:
Unit options and restricted unit awards	189		45		146		42		120		31
Phantom units	189		336		185		333		224		416
Diluted weighted average units outstanding	55,863		55,992		55,803		55,848		55,804		55,887
Net income per unit - basic	$	3.43	$	2.54	$	2.32	$	2.02	$	2.13	$	1.91
Net income per unit - diluted	$	3.41	$	2.52	$	2.31	$	2.01	$	2.12	$	1.89

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Unaudited Condensed Consolidated Statement of Partners' Equity (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	9 Months Ended
	Sep. 29, 2013
Foreign currency translation adjustment, tax	$ (689)
Unrealized loss on cash flow hedging derivatives, tax	$ (1,125)
Partnership distribution declared, amount per limited partnership unit	$ 1.88

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Basis of Presentation

9 Months Ended

Sep. 29, 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 (consisting of normal recurring 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 September 29, 2013 and September 30, 2012 to accompany the quarterly results. Because amounts for the fiscal twelve months ended September 29, 2013 include actual 2012 season operating results, they may not be indicative of 2013 full calendar year operations.

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Long-Lived Assets

9 Months Ended

Sep. 29, 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 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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Significant Accounting and Reporting Policies

9 Months Ended

Sep. 29, 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 September 29, 2013 and September 30, 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 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 endedSeptember 29, 2013.Future asset retirements could have a material impact on the Condensed Consolidated Financial Statements in the periods such items occur.

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. The Partnership adopted this guidance during the first quarter of 2013 and it did not impact its 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 ("AOCI") 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 Other Comprehensive Income ("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. The Partnership does not anticipate this guidance having a material impact on its consolidated financial statements.

On July 17, 2013, the FASB issued ASU 2013-10 "Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes (a consensus of the FASB Emerging Issues Task Force)". The ASU amends ASC 815 to allow entities to use the Fed Funds Effective Swap Rate, in addition to U.S. Treasury rates and LIBOR, as a benchmark interest rate in accounting for fair value and cash flow hedges in the United States. The ASU also eliminates the provision from ASC 815-20-25-6 that prohibits the use of different benchmark rates for similar hedges except in rare and justifiable circumstances. The ASU is effective prospectively for qualifying new hedging relationships entered into on or after July 17, 2013 (i.e., the ASU’s issuance date), and for hedging relationships redesignated on or after that date. The Partnership adopted this guidance in the third quarter and no material impact on its financial statements occurred.

On July 18, 2013, the FASB issued ASU 2013-11 "Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force)". The ASU provides guidance on financial statement presentation of an unrecognized tax benefit ("UTB") when a net operating loss ("NOL") carryforward, a similar tax loss, or a tax credit carryforward exists. The FASB’s objective in issuing this ASU is to eliminate diversity in practice resulting from a lack of guidance on this topic in current U.S. GAAP. Under the ASU, an entity must present a UTB, or a portion of a UTB, in the financial statements as a reduction to a deferred tax asset ("DTA") for an NOL carryforward, a similar tax loss, or a tax credit carryforward except when:

• An NOL carryforward, a similar tax loss, or a tax credit carryforward is not available as of the reporting date under the governing tax law to settle taxes that would result from the disallowance of the tax position.

• The entity does not intend to use the DTA for this purpose (provided that the tax law permits a choice).

If either of these conditions exists, an entity should present a UTB in the financial statements as a liability and should not net the UTB with a DTA. New recurring disclosures are not required because the ASU does not affect the recognition or measurement of uncertain tax positions under ASC 740. The ASU’s amendments are effective for fiscal years beginning after December 15, 2013, and interim periods within those years. The Partnership does not anticipate this guidance having a material impact on its consolidated financial statements.

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Restatement Restated Comprehensive Income Statement (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Depreciation and amortization	$ 57,495	$ 60,223	$ 108,313	$ 112,211	$ 122,408	$ 127,191
Loss on impairment / retirement of fixed assets, net	1,637	25,000	2,266	24,230	8,372	34,509
Income (loss) before tax	248,449	192,925	162,714	153,935	142,393	133,761
Provision for taxes	58,025	51,912	34,026	41,754	24,030	27,858
Net income	190,424	141,013	128,688	112,181	118,363	105,903
Basic earnings per limited partner unit	3.43	2.54	2.32	2.02	2.13	1.91
Diluted earnings per limited partner unit	3.41	2.52	2.31	2.01	2.12	1.89
As previously filed [Member]
Depreciation and amortization		60,747		113,156		128,136
Loss on impairment / retirement of fixed assets, net		25,000		(24,230)		25,719
Income (loss) before tax		192,401		152,990		141,606
Provision for taxes		51,713		41,395		30,839
Net income		140,688		111,595		110,767
Basic earnings per limited partner unit		2.53		2.01		2.00
Diluted earnings per limited partner unit		2.51		2.00		1.98
Correction [Member]
Depreciation and amortization		(524)		(945)		(945)
Loss on impairment / retirement of fixed assets, net		0		0		8,790
Income (loss) before tax		524		945		(7,845)
Provision for taxes		199		359		(2,981)
Net income		$ 325		$ 586		$ (4,864)
Basic earnings per limited partner unit		0.01		0		(0.09)
Diluted earnings per limited partner unit		0.01		0.01		(0.09)

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Consolidating Financial Information of Guarantors and Issuers (Tables)

9 Months Ended

Sep. 29, 2013

Condensed Consolidated Financial Information [Abstract]

Condensed Consolidating Balance Sheet

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

September 29, 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	$	133,000	$	2,293	$	36,187	$	12,002	$	—		$	183,482
Receivables	12		124,478		70,303		589,797		(742,056		)	42,534
Inventories	—		1,578		2,090		25,648		—			29,316
Current deferred tax asset	—		3,708		816		3,661		—			8,185
Income tax refundable	—		—		662		—		—			662
Other current assets	995		3,558		613		3,798		—			8,964
	134,007		135,615		110,671		634,906		(742,056		)	273,143
Property and Equipment (net)	450,205		985		248,484		815,000		—			1,514,674
Investment in Park	548,241		824,356		143,548		81,719		(1,597,864		)	—
Goodwill	9,061		—		121,657		111,218		—			241,936
Other Intangibles, net	—		—		17,228		22,797		—			40,025
Deferred Tax Asset	—		30,316		—		90		(30,406		)	—
Intercompany Receivable	877,010		1,069,069		1,113,983		—		(3,060,062		)	—
Other Assets	13,196		9,031		6,902		2,140		—			31,269
	$	2,031,720	$	2,069,372	$	1,762,473	$	1,667,870	$	(5,430,388	)	$	2,101,047
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	6,300	$	6,300	$	6,300	$	—	$	(12,600	)	$	6,300
Accounts payable	281,983		159,781		7,802		314,367		(742,056		)	21,877
Deferred revenue	—		—		1,951		35,676		—			37,627
Accrued interest	2,677		1,593		5,983		—		—			10,253
Accrued taxes	5,413		29,386		—		4,594		—			39,393
Accrued salaries, wages and benefits	1		27,622		2,154		9,844		—			39,621
Self-insurance reserves	—		5,545		1,896		16,647		—			24,088
Other accrued liabilities	991		4,077		694		1,856		—			7,618
	297,365		234,304		26,780		382,984		(754,656		)	186,777
Deferred Tax Liability	—		—		61,143		126,866		(30,406		)	157,603
Derivative Liability	18,407		13,239		—		—		—			31,646
Other Liabilities	—		5,573		—		3,500		—			9,073
Long-Term Debt:
Term debt	622,125		622,125		622,125		—		(1,244,250		)	622,125
Notes	901,606		901,606		901,606		—		(1,803,212		)	901,606
	1,523,731		1,523,731		1,523,731		—		(3,047,462		)	1,523,731
Equity	192,217		292,525		150,819		1,154,520		(1,597,864		)	192,217
	$	2,031,720	$	2,069,372	$	1,762,473	$	1,667,870	$	(5,430,388	)	$	2,101,047

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012

(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.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

September 30, 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	$	43,000	$	2,263	$	40,278	$	10,561	$	—		$	96,102
Receivables	3		108,211		64,153		478,372		(621,382		)	29,357
Inventories	—		1,584		2,742		29,267		—			33,593
Current deferred tax asset	—		6,239		772		3,334		—			10,345
Income tax refundable	—		—		10,454		—		—			10,454
Other current assets	929		2,065		674		3,775		—			7,443
	43,932		120,362		119,073		525,309		(621,382		)	187,294
Property and Equipment (net)	425,747		1,025		272,951		856,276		—			1,555,999
Investment in Park	572,748		786,753		115,271		60,141		(1,534,913		)	—
Goodwill	9,061		—		127,384		111,218		—			247,663
Other Intangibles, net	—		—		18,039		22,826		—			40,865
Deferred Tax Asset	—		39,320		—		—		(39,320		)	—
Intercompany Receivable	877,208		1,069,721		1,116,623		—		(3,063,552		)	—
Other Assets	23,361		15,580		8,925		2,305		—			50,171
	$	1,952,057	$	2,032,761	$	1,778,266	$	1,578,075	$	(5,259,167	)	$	2,081,992
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	210,936	$	116,160	$	29,248	$	287,634	$	(621,382	)	$	22,596
Deferred revenue	—		—		4,544		30,138		—			34,682
Accrued interest	735		195		6,082		—		—			7,012
Accrued taxes	5,818		42,090		—		4,496		—			52,404
Accrued salaries, wages and benefits	—		24,864		2,365		8,990		—			36,219
Self-insurance reserves	—		4,751		1,698		16,643		—			23,092
Other accrued liabilities	824		4,097		2,417		3,505		—			10,843
	218,313		192,157		46,354		351,406		(621,382		)	186,848
Deferred Tax Liability	—		—		59,462		119,971		(39,320		)	140,113
Derivative Liability	20,801		13,907		—		—		—			34,708
Other Liabilities	—		3,880		—		3,500		—			7,380
Long-Term Debt:
Term debt	1,131,100		1,131,100		1,131,100		—		(2,262,200		)	1,131,100
Notes	400,676		400,676		400,676		—		(801,352		)	400,676
	1,531,776		1,531,776		1,531,776		—		(3,063,552		)	1,531,776
Equity	181,167		291,041		140,674		1,103,198		(1,534,913		)	181,167
	$	1,952,057	$	2,032,761	$	1,778,266	$	1,578,075	$	(5,259,167	)	$	2,081,992

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

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	83,285		$	161,866		$	82,265		$	509,467		$	(244,807	)	$	592,076
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			6,082			39,761			—			45,843
Operating expenses	1,669			76,468			19,042			318,022			(244,807		)	170,394
Selling, general and administrative	1,796			38,083			4,781			14,067			—			58,727
Depreciation and amortization	18,306			10			8,979			30,200			—			57,495
Gain on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	368			—			1			1,268			—			1,637
	22,139			114,561			38,885			394,575			(244,807		)	325,353
Operating income	61,146			47,305			43,380			114,892			—			266,723
Interest expense (income), net	10,858			6,901			9,731			(1,978		)	—			25,512
Net effect of swaps	810			567			—			—			—			1,377
Unrealized / realized foreign currency gain	—			—			(8,615		)	—			—			(8,615		)
Other (income) expense	188			(2,129		)	584			1,357			—			—
Income from investment in affiliates	(146,054		)	(78,714		)	(13,606		)	(40,904		)	279,278			—
Net income before taxes	195,344			120,680			55,286			156,417			(279,278		)	248,449
Provision for taxes	4,920			14,537			14,390			24,178			—			58,025
Net income	$	190,424		$	106,143		$	40,896		$	132,239		$	(279,278	)	$	190,424
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(699		)	—			(699		)	—			699			(699		)
Unrealized income (loss) on cash flow hedging derivatives	(2,761		)	(1,202		)	—			—			1,202			(2,761		)
Other comprehensive income (loss), (net of tax)	(3,460		)	(1,202		)	(699		)	—			1,901			(3,460		)
Total Comprehensive Income	$	186,964		$	104,941		$	40,197		$	132,239		$	(277,377	)	$	186,964

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended September 30, 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	$	79,663		$	141,134		$	88,334		$	464,902		$	(220,588	)	$	553,445
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			6,447			40,906			—			47,353
Operating expenses	1,368			74,191			18,736			289,604			(220,588		)	163,311
Selling, general and administrative	1,853			32,627			4,822			13,691			—			52,993
Depreciation and amortization	19,209			10			9,430			31,574			—			60,223
Loss on impairment / retirement of fixed assets, net	25,000			—			—			—			—			25,000
	47,430			106,828			39,435			375,775			(220,588		)	348,880
Operating income	32,233			34,306			48,899			89,127			—			204,565
Interest expense, net	12,213			7,258			9,897			(2,518		)	—			26,850
Net effect of swaps	(104		)	(71		)	—			—			—			(175		)
Unrealized / realized foreign currency gain	—			—			(15,035		)	—			—			(15,035		)
Other (income) expense	186			(2,043		)	512			1,345			—			—
Income from investment in affiliates	(125,636		)	(79,925		)	(11,355		)	(45,354		)	262,270			—
Income before taxes	145,574			109,087			64,880			135,654			(262,270		)	192,925
Provision for taxes	4,561			9,777			17,181			20,393			—			51,912
Net income	$	141,013		$	99,310		$	47,699		$	115,261		$	(262,270	)	$	141,013
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(563		)	—			(563		)	—			563			(563		)
Unrealized income (loss) on cash flow hedging derivatives	(234		)	48			—			—			(48		)	(234		)
Other comprehensive income (loss), (net of tax)	(797		)	48			(563		)	—			515			(797		)
Total Comprehensive Income	$	140,216		$	99,358		$	47,136		$	115,261		$	(261,755	)	$	140,216

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Nine Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	131,528		$	255,595		$	117,508		$	877,450		$	(386,586	)	$	995,495
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,076			72,857			—			81,933
Operating expenses	4,500			150,320			40,569			579,532			(386,586		)	388,335
Selling, general and administrative	4,310			81,584			9,360			30,279			—			125,533
Depreciation and amortization	31,672			28			15,797			60,816			—			108,313
Gain on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	404			—			479			1,383			—			2,266
	40,886			231,932			75,281			736,124			(386,586		)	697,637
Operating income	90,642			23,663			42,227			141,326			—			297,858
Interest expense (income), net	31,580			21,824			29,338			(5,715		)	—			77,027
Net effect of swaps	5,067			3,248			—			—			—			8,315
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			15,229			—			—			15,229
Other (income) expense	563			(6,645		)	1,967			4,115			—			—
Income from investment in affiliates	(104,833		)	(58,614		)	(18,318		)	(15,029		)	196,794			—
Income before taxes	137,090			51,069			13,394			157,955			(196,794		)	162,714
Provision (benefit) for taxes	8,402			(2,444		)	(1,596		)	29,664			—			34,026
Net income	$	128,688		$	53,513		$	14,990		$	128,291		$	(196,794	)	$	128,688
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,194			—			1,194			—			(1,194		)	1,194
Unrealized income on cash flow hedging derivatives	7,803			1,836			—			—			(1,836		)	7,803
Other comprehensive income, (net of tax)	8,997			1,836			1,194			—			(3,030		)	8,997
Total Comprehensive Income	$	137,685		$	55,349		$	16,184		$	128,291		$	(199,824	)	$	137,685

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Nine Months Ended September 30, 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	$	124,864		$	221,221		$	130,441		$	808,471		$	(345,748	)	$	939,249
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,988			73,938			—			83,926
Operating expenses	4,141			147,211			40,328			534,900			(345,748		)	380,832
Selling, general and administrative	4,841			70,848			9,877			29,922			—			115,488
Depreciation and amortization	33,436			28			16,415			62,332			—			112,211
Loss on impairment / retirement of fixed assets, net	24,221			—			9			—			—			24,230
	66,639			218,087			76,617			701,092			(345,748		)	716,687
Operating income	58,225			3,134			53,824			107,379			—			222,562
Interest expense, net	36,438			21,957			30,898			(5,422		)	—			83,871
Net effect of swaps	(35		)	192			(1,475		)	—			—			(1,318		)
Unrealized / realized foreign currency gain	—			—			(13,926		)	—			—			(13,926		)
Other (income) expense	561			(7,119		)	1,221			5,337			—			—
Income from investment in affiliates	(99,621		)	(73,448		)	(14,896		)	(38,551		)	226,516			—
Income before taxes	120,882			61,552			52,002			146,015			(226,516		)	153,935
Provision (benefit) for taxes	8,701			(3,771		)	13,525			23,299			—			41,754
Net income	$	112,181		$	65,323		$	38,477		$	122,716		$	(226,516	)	$	112,181
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(1,251		)	—			(1,251		)	—			1,251			(1,251		)
Unrealized income (loss) on cash flow hedging derivatives	(1,798		)	(629		)	21			—			608			(1,798		)
Other comprehensive income (loss), (net of tax)	(3,049		)	(629		)	(1,230		)	—			1,859			(3,049		)
Total Comprehensive Income	$	109,132		$	64,694		$	37,247		$	122,716		$	(224,657	)	$	109,132

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,379		$	292,510		$	127,485		$	996,647		$	(444,321	)	$	1,124,700
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,404			83,651			—			93,055
Operating expenses	5,739			179,465			48,104			669,919			(444,321		)	458,906
Selling, general and administrative	5,964			97,351			10,618			34,423			—			148,356
Depreciation and amortization	35,896			40			17,581			68,891			—			122,408
(Gain) on sale of other assets	—			—			—			(15,368		)	—			(15,368		)
Loss on impairment / retirement of fixed assets, net	1,318			—			476			6,578			—			8,372
	48,917			276,856			86,183			848,094			(444,321		)	815,729
Operating income	103,462			15,654			41,302			148,553			—			308,971
Interest (income) expense, net	43,667			29,195			39,310			(8,465		)	—			103,707
Net effect of swaps	4,964			3,177			—			—			—			8,141
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			20,157			—			—			20,157
Other (income) expense	751			(9,033		)	2,766			5,516			—			—
Income from investment in affiliates	(95,234		)	(51,316		)	(18,019		)	(8,239		)	172,808			—
Income (loss) before taxes	128,139			30,850			(3,529		)	159,741			(172,808		)	142,393
Provision (benefit) for taxes	9,776			(8,530		)	(11,708		)	34,492			—			24,030
Net income	$	118,363		$	39,380		$	8,179		$	125,249		$	(172,808	)	$	118,363
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	2,814			—			2,814			—			(2,814		)	2,814
Unrealized income on cash flow hedging derivatives	9,740			2,385			—			—			(2,385		)	9,740
Other comprehensive income, (net of tax)	12,554			2,385			2,814			—			(5,199		)	12,554
Total Comprehensive Income	$	130,917		$	41,765		$	10,993		$	125,249		$	(178,007	)	$	130,917

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended September 30, 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	$	147,733		$	261,878		$	142,250		$	941,465		$	(409,232	)	$	1,084,094
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			10,531			85,471			—			96,002
Operating expenses	5,452			180,665			47,134			636,106			(409,232		)	460,125
Selling, general and administrative	6,865			90,892			11,650			36,381			—			145,788
Depreciation and amortization	37,698			41			18,300			71,152			—			127,191
Loss (gain) on impairment / retirement of fixed assets, net	24,188			—			(62		)	10,383			—			34,509
	74,203			271,598			87,553			839,493			(409,232		)	863,615
Operating income (loss)	73,530			(9,720		)	54,697			101,972			—			220,479
Interest expense, net	50,007			28,592			44,583			(6,813		)	—			116,369
Net effect of swaps	(5,019		)	(1		)	(5,910		)	—			—			(10,930		)
Unrealized / realized foreign currency gain	—			—			(18,721		)	—			—			(18,721		)
Other (income) expense	749			(10,205		)	1,498			7,958			—			—
Income from investment in affiliates	(88,216		)	(50,693		)	(9,456		)	(21,713		)	170,078			—
Income before taxes	116,009			22,587			42,703			122,540			(170,078		)	133,761
Provision (benefit) for taxes	10,106			(29,298		)	20,942			26,108			—			27,858
Net income	$	105,903		$	51,885		$	21,761		$	96,432		$	(170,078	)	$	105,903
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,672		)	—			(2,672		)	—			2,672			(2,672		)
Unrealized income (loss) on cash flow hedging derivatives	(397		)	(109		)	21			—			88			(397		)
Other comprehensive income (loss), (net of tax)	(3,069		)	(109		)	(2,651		)	—			2,760			(3,069		)
Total Comprehensive Income	$	102,834		$	51,776		$	19,110		$	96,432		$	(167,318	)	$	102,834

Condensed Consolidating Statement of Cash Flows

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM OPERATING ACTIVITIES	$	337,821		$	60,434		$	21,615		$	66,757		$	(169,672	)	$	316,955
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(63,105		)	(52,172		)	(29,579		)	(24,816		)	169,672			—
Sale of other assets	—			—			—			15,297			—			15,297
Capital expenditures	(43,568		)	—			(5,517		)	(48,449		)	—			(97,534		)
Net cash from investing activities	(106,673		)	(52,172		)	(35,096		)	(57,968		)	169,672			(82,237		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Payment of debt issuance costs	(14,331		)	(8,028		)	(453		)	—			—			(22,812		)
Term debt payments, including early termination penalties	(655,723		)	(462,438		)	(14,514		)	—			—			(1,132,675		)
Distributions (paid) received	(107,013		)	2,555			—			—			—			(104,458		)
Exercise of limited partnership unit options	—			43			—			—			—			43
Excess tax benefit from unit-based compensation expense	—			(148		)	—			—			—			(148		)
Net cash (for) financing activities	(123,148		)	(6,413		)	(489		)	—			—			(130,050		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(16		)	—			—			(16		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	108,000			1,849			(13,986		)	8,789			—			104,652
Balance, beginning of period	25,000			444			50,173			3,213			—			78,830
Balance, end of period	$	133,000		$	2,293		$	36,187		$	12,002		$	—		$	183,482

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 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 OPERATING ACTIVITIES	$	209,022		$	49,092			$	9,484		$	156,240		$	(147,094	)	$	276,744
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(56,757		)	(70,669		)		3,557			(23,225		)	147,094			—
Sale of other assets	1,173			—				—			—			—			1,173
Capital expenditures	(29,295		)	(8		)		(14,426		)	(32,081		)	—			(75,810		)
Net cash (for) investing activities	(84,879		)	(70,677		)		(10,869		)	(55,306		)	147,094			(74,637		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Derivative settlement	—			—				(50,450		)	—			—			(50,450		)
Term debt payments, including early termination penalties	(14,468		)	(10,212		)		(320		)	—			—			(25,000		)
Intercompany (payments) receipts	—			93,845				—			(93,845		)	—			—
Distributions (paid) received	(66,675		)	110				—			—			—			(66,565		)
Capital (contribution) infusion	—			(60,000		)	—	60,000			—			—			—
Exercise of limited partnership unit options	—			47				—			—			—			47
Excess tax benefit from unit-based compensation	—			(454		)		—			—			—			(454		)
Net cash from (for) financing activities	(81,143		)	23,336				9,230			(93,845		)	—			(142,422		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				893			—			—			893
CASH AND CASH EQUIVALENTS
Net increase for the period	43,000			1,751				8,738			7,089			—			60,578
Balance, beginning of period	—			512				31,540			3,472			—			35,524
Balance, end of period	$	43,000		$	2,263			$	40,278		$	10,561		$	—		$	96,102

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM OPERATING ACTIVITIES	$	258,843		$	42,367		$	32,927		$	52,457		$	(61,746	)	$	324,848
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	24,507			(37,602		)	(30,743		)	(17,908		)	61,746			—
Sale of other assets	—			—			—			30,182			—			30,182
Capital expenditures	(47,938		)	(1		)	(5,532		)	(63,290		)	—			(116,761		)
Net cash (for) investing activities	(23,431		)	(37,603		)	(36,275		)	(51,016		)	61,746			(86,579		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Term debt payments, including early termination penalties	(655,723		)	(462,438		)	(14,514		)	—			—			(1,132,675		)
Distributions (paid) received	(129,277		)	2,571			—			—			—			(126,706		)
Exercise of limited partnership unit options	—			43			—			—			—			43
Payment of debt issuance costs	(14,331		)	(8,028		)	(453		)	—			—			(22,812		)
Excess tax benefit from unit-based compensation expense	—			1,515			—			—			—			1,515
Net cash (for) financing activities	(145,412		)	(4,734		)	(489		)	—			—			(150,635		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(254		)	—			—			(254		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	90,000			30			(4,091		)	1,441			—			87,380
Balance, beginning of period	43,000			2,263			40,278			10,561			—			96,102
Balance, end of period	$	133,000		$	2,293		$	36,187		$	12,002		$	—		$	183,482

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended September 30, 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	$	181,718		$	(157,023	)	$	8,795		$	314,835		$	(75,771	)	$	272,554
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(35,830		)	(42,342		)	8,488			(6,087		)	75,771			—
Sale of other assets	1,173			—			—			—			—			1,173
Capital expenditures	(33,025		)	(8		)	(23,050		)	(37,037		)	—			(93,120		)
Net cash (for) investing activities	(67,682		)	(42,350		)	(14,562		)	(43,124		)	75,771			(91,947		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Intercompany term debt (payments) receipts	—			269,500			—			(269,500		)	—			—
Term debt payments, including early termination penalties	(14,467		)	(10,213		)	(320		)	—			—			(25,000		)
Derivative settlement	—			—			(50,450		)	—			—			(50,450		)
Distributions (paid) received	(105,569		)	261			—			—			—			(105,308		)
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	—			(454		)	—			—			—			(454		)
Net cash from (for) financing activities	(120,036		)	199,147			8,507			(269,500		)	—			(181,882		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			1,065			—			—			1,065
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(6,000		)	(226		)	3,805			2,211			—			(210		)
Balance, beginning of period	49,000			2,489			36,473			8,350			—			96,312
Balance, end of period	$	43,000		$	2,263		$	40,278		$	10,561		$	—		$	96,102

XML

Goodwill and Other Intangible Assets Other Intangible Assets (Details) (USD $)	9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Amortization Expense, Year Two	$ 50,000
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Carrying Amount/Value	39,615,000	40,425,000	40,222,000
Accumulated Amortization	389,000	350,000	360,000
Total other intangible assets, gross carrying amount	40,414,000	41,215,000	41,012,000
Total other intangibe assets, net carrying value	40,025,000	40,865,000	40,652,000
Amortization expense of other intangibles	29,000	29,000
Estimated amortization expense, remainder of 2013 (less than $50,000)	10,000
Estimated amortization expense, 2014 (less than $50,000)	50,000
Estimated amortization expense, 2015 (less than $50,000)	50,000
Estimated amortization expense, 2016 (less than $50,000)	50,000
Estimated amortization expense, 2017 (less than $50,000)	50,000
License / Franchise Agreements [Member]
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	799,000	790,000	790,000
Accumulated Amortization	389,000	350,000	360,000
Net Carrying Value	$ 410,000	$ 440,000	$ 430,000

XML

Fair Value Measurements (Details) (USD $)				3 Months Ended	9 Months Ended
	Sep. 29, 2013	Dec. 31, 2012	Sep. 30, 2012	Sep. 30, 2012 Wildwater Kingdom [Member]	Sep. 30, 2012 Wildwater Kingdom [Member]	Sep. 29, 2013 Interest Rate Swap [Member]	Sep. 30, 2012 Total [Member] Fair Value, Measurements, Nonrecurring [Member]	Sep. 29, 2013 Total [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2012 Total [Member] Fair Value, Measurements, Recurring [Member]	Sep. 30, 2012 Total [Member] Fair Value, Measurements, Recurring [Member]	Sep. 29, 2013 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2012 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Sep. 30, 2012 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Sep. 29, 2013 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2012 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Sep. 30, 2012 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Sep. 29, 2013 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2012 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Sep. 30, 2012 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Sep. 29, 2013 Designated As Hedging [Member]	Dec. 31, 2012 Designated As Hedging [Member]	Sep. 30, 2012 Designated As Hedging [Member]	Sep. 29, 2013 Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Designated As Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Designated As Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 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]		Sep. 30, 2012 Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Sep. 29, 2013 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]		Sep. 30, 2012 Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Sep. 29, 2013 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]		Sep. 30, 2012 Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Sep. 29, 2013 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]		Sep. 30, 2012 Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Sep. 29, 2013 Not Designated As Hedging [Member]	Dec. 31, 2012 Not Designated As Hedging [Member]	Sep. 30, 2012 Not Designated As Hedging [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Sep. 30, 2012 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Not Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Sep. 29, 2013 Not Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Sep. 29, 2013 Not Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Sep. 29, 2013 Not Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Sep. 29, 2013 Senior Unsecured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ (31,646,000)	$ (32,260,000)	$ (34,708,000)			$ 31,600,000																	$ 5,483,000	$ 32,260,000	$ 34,708,000	$ (5,483,000)	[1]	$ 32,260,000	[1]	$ 34,708,000	[1]	$ 0	$ 0	[1]	$ 0	[1]	$ 5,483,000	$ 32,260,000	[1]	$ 34,708,000	[1]	$ 0	$ 0	[1]	$ 0	[1]				$ 26,163,000	$ 0	$ 0	$ 26,163,000	[2]	$ 0	[2]	$ 26,163,000	[2]	$ 0	[2]
Net derivative liability	(31,646,000)	(32,260,000)	(34,708,000)					(31,646,000)	(32,260,000)	(34,708,000)	0	0	0	(31,646,000)	(32,260,000)	(34,708,000)	0	0	0	(5,483,000)	(32,260,000)	(34,708,000)																									(26,163,000)	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	627,600,000
Fair value of notes																																																													$ 922,000,000

[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

XML

Consolidating Financial Information of Guarantors and Issuers (Details) (Senior Unsecured Notes [Member])	Sep. 29, 2013
Notes Payable Due 2018 [Member]
Condensed Financial Statements, Captions [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	9.125%
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%

XML

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012	Sep. 30, 2012
Limited partners, units outstanding	55,714	55,618	55,519

XML

Derivative Financial Instruments

9 Months Ended

Sep. 29, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Derivative Financial Instruments:

Derivative financial instruments are used within the Partnership’s overall risk management program to manage certain interest rate and foreign currency risks. By utilizing a derivative instrument to hedge our exposure to LIBOR rate changes, the Partnership is exposed to credit risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. To mitigate this risk, hedging instruments are placed with a counterparty that the Partnership believes poses minimal credit risk.

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, resulting in no hedging relationship for these swaps. On March 4, 2013, the Partnership 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 (together referred to as the "Combination Swaps"), and designated as cash flow hedges, effectively converting $600 million of variable-rate debt to fixed rates. The Combination Swaps, which were 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 and March 2011 swaps was $22.2 million. Amounts in Accumulated Other Comprehensive Income (“AOCI”) at the time of de-designation related to these swaps was $26.1 million. This amount is being amortized out of AOCI into expense in "Net effect of swaps" in the unaudited condensed consolidated statements of operations and comprehensive income through 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. During the third quarter of 2013, the Combination Swaps were de-designated as the hedge effectiveness testing indicated that these swaps would be ineffective throughout the remaining periods until maturity. This de-designation had no effect on the unaudited condensed consolidated statements of operations as previous amounts recorded in AOCI had already been accounted for on March 6, 2013.

During the third quarter of 2013, the Partnership entered into three forward-starting interest rate swap agreements ("2013 forwards") that will effectively convert $400 million of variable-rate debt to fixed rates beginning in December of 2015. These swaps, which were designated as cash flow hedges, mature on December 31, 2018 and fix LIBOR at a weighted average rate of 3.00%.

The fair market value of the derivative portfolio at September 29, 2013 was a liability of $31.6 million, which 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
		September 29, 2013			December 31, 2012			September 30, 2012
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(5,483	)	$	(32,260	)	$	(34,708	)
Total derivatives designated as hedging instruments		$	(5,483	)	$	(32,260	)	$	(34,708	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(26,163	)	$	—		$	—
Total derivatives not designated as hedging instruments		$	(26,163	)	$	—		$	—
Net derivative liability		$	(31,646	)	$	(32,260	)	$	(34,708	)

The following table presents our 2013 forwards which mature December 31, 2018, and the Combination Swaps and May 2011 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	3.00	%	$	200,000	2.27	%
	100,000		3.00	%	150,000		2.43	%
	100,000		3.00	%	75,000		2.30	%
					70,000		2.54	%
					50,000		2.54	%
					50,000		2.54	%
					50,000		2.43	%
					50,000		2.29	%
					50,000		2.29	%
					30,000		2.54	%
					25,000		2.30	%
Total $'s / Average Rate	$	400,000	3.00	%	$	800,000	2.38	%

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended September 29, 2013 and September 30, 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
	9/29/13			9/30/12			9/29/13		9/30/12				9/29/13		9/30/12
Interest rate swaps	$	(5,483	)	$	438	Interest Expense	$	—	$	(2,990	)	Net effect of swaps	$	—	$	—

(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
		9/29/13		9/30/12
Interest rate swaps (1)	Net effect of swaps	609		—
		$	609	$	—

(1) The May 2011 interest rate swaps were de-designated in March 2013. The Combination Swaps were de-designated in July 2013.

During the quarter ended September 29, 2013, in addition to gains of $0.6 million recognized in income on the derivatives not designated as cash flow hedges (as noted in the tables above), $2.0 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 $1.4 million recorded in “Net effect of swaps.”

For the three-month period ended September 30, 2012, $0.2 million of income representing the amortization of amounts in AOCI was recorded in “Net effect of swaps” in the condensed consolidated statements of operations. The effect of this amortization resulted in a benefit to earnings of $0.2 million recorded in “Net effect of swaps.”

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the nine-month periods ended September 29, 2013 and September 30, 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	Nine months ended			Nine months ended				Nine months ended			Nine months ended				Nine months ended		Nine months ended
	9/29/13			9/30/12				9/29/13			9/30/12				9/29/13		9/30/12
Interest rate swaps	$	(3,217	)	$	(2,308	)	Interest Expense	$	(2,797	)	$	(9,004	)	Net effect of swaps	$	3,703	$	—

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Nine months ended		Nine months ended
		9/29/13		9/30/12
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	130		—
		$	130	$	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. The Combination Swaps were de-designated in July 2013.

During the nine-month period ended September 29, 2013, in addition to the $3.7 million gain recognized in income on the ineffective portion of derivatives and $0.1 million gain 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 $4.3 million of expense representing the regular amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations for the period. The effect of these amounts resulted in a charge to earnings of $8.3 million recorded in “Net effect of swaps.”

For the nine-month period ended September 30, 2012, in addition to the $1.3 million gain recognized in income on the ineffective portion of derivatives noted in the tables above, $0.2 million of expense representing the amortization of amounts in AOCI for the swaps and $0.2 million of foreign currency gain in the period 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 $1.3 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 September 29, 2013 and September 30, 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
	9/29/13			9/30/12				9/29/13			9/30/12				9/29/13		9/30/12
Interest rate swaps	$	(769	)	$	(873	)	Interest Expense	$	(5,820	)	$	(12,027	)	Net effect of swaps	$	3,703	$	4,797

(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
		9/29/13		9/30/12
Cross-currency swaps (1)	Net effect of swaps	—		(4,483		)
Foreign currency swaps	Net effect of swaps	—		10,129
Interest rate swaps (2)	Net effect of swaps	$	130	$	—
		$	130	$	5,646

(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. The Combination Swaps were de-designated in July 2013.

In addition to the $3.7 million gain recognized in income on the ineffective portion of derivatives and $0.1 million gain recognized in income on the ineffective portion of 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 $4.1 million of expense representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended September 29, 2013 in the condensed consolidated statements of operations. The net effect of these amounts resulted in a charge to earnings for the trailing twelve month period of $8.1 million recorded in “Net effect of swaps.”

For the twelve-month period ending September 30, 2012, in addition to the $4.8 million gain recognized in income on the ineffective portion of derivatives designated as derivatives and $5.6 million of gain recognized in income on the ineffective portion of derivatives not designated as derivatives noted in the tables above, $0.1 million of income representing the amortization of amounts in AOCI for the swaps and a $0.4 million foreign currency gain in the twelve month period related to the U.S. dollar denominated Canadian term loan was recorded during the trailing twelve months ended September 30, 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 $10.9 million recorded in “Net effect of swaps.”

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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		3
Issuance of limited partnership units as compensation		93
Net income	128,688	128,687	1
Partnership distribution declared ($1.88 per limited partnership unit)		(104,458)
Expense recognized for limited partnership unit options		680
Limited partnership unit options exercised		43
Tax effect of units involved in option exercises and treasury unit transactions		(148)
Issuance of limited partnership units as compensation		3,964
Weighted average limited partner units outstanding	55,472
Current period activity, net of tax ($1,125) at Sep. 29, 2013	7,803						7,803
Ending balance, value at Sep. 29, 2013	192,217	206,428	2	5,290	(19,503)	(1,557)	(17,946)
Current period activity, net of tax ($689) at Sep. 29, 2013	$ 1,194					$ 1,194
Ending balance, units at Sep. 29, 2013		55,714

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Unaudited Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012	Sep. 30, 2012
Current Assets:
Cash and cash equivalents	$ 183,482	$ 78,830	$ 96,102
Receivables	42,534	18,192	29,357
Inventories	29,316	27,840	33,593
Current deferred tax asset	8,185	8,184	10,345
Income tax refundable	662	0	10,454
Other current assets	8,964	8,060	7,443
Total current assets	273,143	141,106	187,294
Property and Equipment:
Land	298,589	303,348	309,257
Land improvements	351,731	339,081	347,631
Buildings	584,066	584,854	581,513
Rides and equipment	1,506,895	1,450,231	1,490,289
Construction in progress	18,990	28,971	10,898
Total property and equipment, gross	2,760,271	2,706,485	2,739,588
Less accumulated depreciation	(1,245,597)	(1,162,213)	(1,183,589)
Total property and equipment, net	1,514,674	1,544,272	1,555,999
Goodwill	241,936	246,221	247,663
Other Intangibes, net	40,025	40,652	40,865
Other Assets	31,269	47,614	50,171
Assets	2,101,047	2,019,865	2,081,992
Current Liabilities:
Current maturities of long-term debt	6,300	0	0
Accounts payable	21,877	10,734	22,596
Deferred revenue	37,627	39,485	34,682
Accrued interest	10,253	15,512	7,012
Accrued taxes	39,393	17,813	52,404
Accrued salaries, wages and benefits	39,621	24,836	36,219
Self-insurance reserves	24,088	23,906	23,092
Other accrued liabilities	7,618	5,916	10,843
Total current liabilities	186,777	138,202	186,848
Deferred Tax Liability	157,603	153,792	140,113
Derivative Liability	31,646	32,260	34,708
Other Liabilities	9,073	8,980	7,380
Long-Term Debt:
Term debt	622,125	1,131,100	1,131,100
Notes	901,606	401,080	400,676
Total long-term debt	1,523,731	1,532,180	1,531,776
Commitments and Contingencies (Note 10)
Partners' Equity:
Special L.P. interests	5,290	5,290	5,290
General partner	2	1	1
Limited partners, 55,714, 55,618 and 55,519 units outstanding at September 29, 2013, December 31, 2012 and September 30, 2012, respectively	206,428	177,660	207,933
Accumulated other comprehensive loss	(19,503)	(28,500)	(32,057)
Total partners' equity	192,217	154,451	181,167
Total Partners' Equity and Liabilities	$ 2,101,047	$ 2,019,865	$ 2,081,992

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Interim Reporting (Details)	9 Months Ended
	Sep. 29, 2013
Nature of Operations [Line Items]
Number of amusement parks owned and operated	11
Number of outdoor water parks owned and operated	3
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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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 29, 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
		September 29, 2013			December 31, 2012			September 30, 2012
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(5,483	)	$	(32,260	)	$	(34,708	)
Total derivatives designated as hedging instruments		$	(5,483	)	$	(32,260	)	$	(34,708	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(26,163	)	$	—		$	—
Total derivatives not designated as hedging instruments		$	(26,163	)	$	—		$	—
Net derivative liability		$	(31,646	)	$	(32,260	)	$	(34,708	)

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 nine-month periods ended September 29, 2013 and September 30, 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	Nine months ended			Nine months ended				Nine months ended			Nine months ended				Nine months ended		Nine months ended
	9/29/13			9/30/12				9/29/13			9/30/12				9/29/13		9/30/12
Interest rate swaps	$	(3,217	)	$	(2,308	)	Interest Expense	$	(2,797	)	$	(9,004	)	Net effect of swaps	$	3,703	$	—

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Nine months ended		Nine months ended
		9/29/13		9/30/12
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	130		—
		$	130	$	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. The Combination Swaps were de-designated in July 2013

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended September 29, 2013 and September 30, 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
	9/29/13			9/30/12			9/29/13		9/30/12				9/29/13		9/30/12
Interest rate swaps	$	(5,483	)	$	438	Interest Expense	$	—	$	(2,990	)	Net effect of swaps	$	—	$	—

(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
		9/29/13		9/30/12
Interest rate swaps (1)	Net effect of swaps	609		—
		$	609	$	—

(1) The May 2011 interest rate swaps were de-designated in March 2013. The Combination Swaps were de-designated in July 2013.

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the twelve-month periods ended September 29, 2013 and September 30, 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
	9/29/13			9/30/12				9/29/13			9/30/12				9/29/13		9/30/12
Interest rate swaps	$	(769	)	$	(873	)	Interest Expense	$	(5,820	)	$	(12,027	)	Net effect of swaps	$	3,703	$	4,797

(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
		9/29/13		9/30/12
Cross-currency swaps (1)	Net effect of swaps	—		(4,483		)
Foreign currency swaps	Net effect of swaps	—		10,129
Interest rate swaps (2)	Net effect of swaps	$	130	$	—
		$	130	$	5,646

(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. The Combination Swaps were de-designated in July 2013.

Forward Starting Interest Rate Swap [Member]

Derivative [Line Items]

Derivative instruments, notional amounts outstanding and interest rates

The following table presents our 2013 forwards which mature December 31, 2018, and the Combination Swaps and May 2011 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	3.00	%	$	200,000	2.27	%
	100,000		3.00	%	150,000		2.43	%
	100,000		3.00	%	75,000		2.30	%
					70,000		2.54	%
					50,000		2.54	%
					50,000		2.54	%
					50,000		2.43	%
					50,000		2.29	%
					50,000		2.29	%
					30,000		2.54	%
					25,000		2.30	%
Total $'s / Average Rate	$	400,000	3.00	%	$	800,000	2.38	%

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Changes in Accumulated Other Comprehensive Income by Component Reclassifications Out of AOCI (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net effect of swaps	$ 1,377	$ (175)	$ 8,315	$ (1,318)	$ 8,141	$ (10,930)
Income before taxes	248,449	192,925	162,714	153,935	142,393	133,761
Provision (benefit) for taxes	(58,025)	(51,912)	(34,026)	(41,754)	(24,030)	(27,858)
Net income	190,424	141,013	128,688	112,181	118,363	105,903
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income before taxes	1,986		12,146		11,972
Provision (benefit) for taxes	(307)		(1,843)		(1,816)
Net income	1,679		10,303		10,156
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	$ (1,986)		$ (12,146)		$ (11,972)

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Income and Partnership Taxes Unrecognized Tax Position (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 29, 2013
Income Tax Expense (Benefit) [Abstract]
Unrecognized tax benefit	$ 1.1

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Derivative Financial Instruments Balance Sheet Location (Details) (USD $)	1 Months Ended	9 Months Ended		12 Months Ended
	Feb. 26, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Dec. 31, 2012	Sep. 29, 2013 Designated As Hedging [Member]	Dec. 31, 2012 Designated As Hedging [Member]	Sep. 30, 2012 Designated As Hedging [Member]	Sep. 29, 2013 Not Designated As Hedging [Member]	Dec. 31, 2012 Not Designated As Hedging [Member]	Sep. 30, 2012 Not Designated As Hedging [Member]	Sep. 29, 2013 Interest Rate Swap [Member]	Sep. 29, 2013 Interest Rate Swap [Member] Designated As Hedging [Member]	Dec. 31, 2012 Interest Rate Swap [Member] Designated As Hedging [Member]	Sep. 30, 2012 Interest Rate Swap [Member] Designated As Hedging [Member]	Sep. 29, 2013 Interest Rate Swap [Member] Not Designated As Hedging [Member]	Dec. 31, 2012 Interest Rate Swap [Member] Not Designated As Hedging [Member]	Sep. 30, 2012 Interest Rate Swap [Member] Not Designated As Hedging [Member]	Sep. 29, 2013 Cash Flow Hedging [Member] Cross-Currency Swap [Member]	Sep. 29, 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]	Mar. 05, 2013 September 2010 and March 2011 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	(50,500,000)	0	(50,450,000)	0	(50,450,000)
Derivative Liability		31,646,000	34,708,000	31,646,000	34,708,000	32,260,000							(31,600,000)	(5,483,000)	(32,260,000)	(34,708,000)	(26,163,000)	0	0				22,200,000
Derivative assets (liabilities), at fair value, net		(31,646,000)	(34,708,000)	(31,646,000)	(34,708,000)	(32,260,000)	(5,483,000)	(32,260,000)	(34,708,000)	(26,163,000)	0	0
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax																						$ 7,200,000	$ 26,100,000

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Derivative Financial Instruments Income Statement Location (Details) (USD $)	3 Months Ended				9 Months Ended				12 Months Ended
	Sep. 29, 2013		Sep. 30, 2012		Sep. 29, 2013		Sep. 30, 2012		Sep. 29, 2013		Sep. 30, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Gain on ineffective portion of derivatives							$ (1,300,000)
Foreign currency gain (loss)							(200,000)				(400,000)
Net effect of swaps	1,377,000		(175,000)		8,315,000		(1,318,000)		8,141,000		(10,930,000)
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amortization of Deferred Hedge Gains	2,000,000		(200,000)		4,300,000		200,000		4,100,000		(100,000)
Designated As Hedging [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(5,483,000)		438,000		(3,217,000)		(2,308,000)		(769,000)		(873,000)
Designated As Hedging [Member] | Interest Rate Swap [Member] | Interest Expense [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0		(2,990,000)		(2,797,000)		(9,004,000)		(5,820,000)		(12,027,000)
Designated As Hedging [Member] | Interest Rate Swap [Member] | Net Effect of Swaps [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Net Hedge Ineffectiveness Gain (Loss)	0		0		3,703,000		0		3,703,000		4,797,000
Not Designated As Hedging [Member] | Net Effect of Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivative recognized in income	(609,000)		0		(130,000)		(1,279,000)		(130,000)		(5,646,000)
Not Designated As Hedging [Member] | Interest Rate Swap [Member] | Net Effect of Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivative recognized in income	(609,000)	[1]	0	[1]	(130,000)	[2]	0	[2]	(130,000)	[1]	0	[1]
Not Designated As Hedging [Member] | Foreign Currency Swap [Member] | Net Effect of Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivative recognized in income					0		(6,278,000)		0		(10,129,000)
Not Designated As Hedging [Member] | Cross-Currency Swap [Member] | Net Effect of Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivative recognized in income					0	[3]	4,999,000	[3]	0	[4]	4,483,000	[4]
September 2010 and March 2011 Swaps [Member] | Forward Starting Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net effect of swaps					$ (3,300,000)

[1] The May 2011 interest rate swaps were de-designated in March 2013. The Combination Swaps were de-designated in July 2013.

[2] (2)The May 2011 interest rate swaps were de-designated in March 2013. The Combination Swaps were de-designated in July 2013.

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

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

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Long-Term Debt

9 Months Ended

Sep. 29, 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 September 29, 2013, the Partnership’s Consolidated Leverage Ratio was 3.57x, providing $184.1 million of consolidated EBITDA cushion on the ratio as of the end of the third quarter. The Partnership was in compliance with all other covenants under the 2013 Credit Agreement as of September 29, 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%.

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.

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Long-Lived Assets (Details) (Wildwater Kingdom [Member], USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2012	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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Restatement Not Restated (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Dec. 31, 2011
Accumulated Depreciation, Depletion and Amortization, Sale or Disposal of Property, Plant and Equipment							$ 8,800,000
Net income	190,424,000	141,013,000	128,688,000	112,181,000	118,363,000	105,903,000
Provision for taxes	$ 58,025,000	$ 51,912,000	$ 34,026,000	$ 41,754,000	$ 24,030,000	$ 27,858,000

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Earnings per Unit

9 Months Ended

Sep. 29, 2013

Earnings Per Unit [Abstract]

Earnings Per Unit

Earnings per Unit:

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

	Three months ended				Nine months ended				Twelve months ended
	9/29/2013		9/30/2012		9/29/2013		9/30/2012		9/29/2013		9/30/2012
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,485		55,611		55,472		55,473		55,460		55,440
Effect of dilutive units:
Unit options and restricted unit awards	189		45		146		42		120		31
Phantom units	189		336		185		333		224		416
Diluted weighted average units outstanding	55,863		55,992		55,803		55,848		55,804		55,887
Net income per unit - basic	$	3.43	$	2.54	$	2.32	$	2.02	$	2.13	$	1.91
Net income per unit - diluted	$	3.41	$	2.52	$	2.31	$	2.01	$	2.12	$	1.89

The effect of unit options on the three, nine and twelve months ended September 29, 2013, had they not been out of the money or antidilutive, would have been zero, 7,000, and 4,000 units, respectively. The effect of out-of-the-money and/or antidilutive unit options on the three, nine and twelve months ended September 30, 2012, had they not been out of the money or antidilutive, would have been 66,000, 34,000 and 36,000 units, respectively.

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Goodwill and Other Intangible Assets

9 Months Ended

Sep. 29, 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. The Partnership adopted this guidance during the first quarter of 2012 and it did not impact its 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 was permitted. The Partnership adopted this guidance during the third quarter of 2012 and it did not impact its consolidated financial statements.

A summary of changes in the Partnership’s carrying value of goodwill for the nine months ended September 29, 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	(4,285		)	—			(4,285		)
Balance at September 29, 2013	$	321,804		$	(79,868	)	$	241,936

At September 29, 2013, December 31, 2012, and September 30, 2012 the Partnership’s other intangible assets consisted of the following:

September 29, 2013	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	39,615	$	—	$	39,615
License / franchise agreements	799		389		410
Total other intangible assets	$	40,414	$	389	$	40,025
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
September 30, 2012
(In thousands)
Other intangible assets:
Trade names	$	40,425	$	—	$	40,425
License / franchise agreements	790		350		440
Total other intangible assets	$	41,215	$	350	$	40,865

Amortization expense of other intangible assets for the nine months ended September 29, 2013 and September 30, 2012 was $29,000 and $29,000, respectively. The estimated amortization expense for the remainder of 2013 is $10,000. Estimated amortization expense is expected to total less than $50,000 in each year from 2013 through 2017.

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Unaudited Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended		12 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES
Net income	$ 128,688	$ 112,181	$ 118,363	$ 105,903
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	108,313	112,211	122,408	127,191
Loss on early debt extinguishment	34,573	0	34,573	0
Loss on impairment / retirement of fixed assets, net	2,266	24,230	8,372	34,509
Gain on sale of other assets	(8,743)	0	(15,368)	0
Net effect of swaps	8,315	(1,318)	8,141	(10,930)
Non-cash (income) expense	23,875	(3,006)	32,245	(608)
Net change in working capital	16,031	23,243	(6,769)	7,940
Net change in other assets/liabilities	3,637	9,203	22,883	8,549
Net cash from operating activities	316,955	276,744	324,848	272,554
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Sale of other assets	15,297	1,173	30,182	1,173
Capital expenditures	(97,534)	(75,810)	(116,761)	(93,120)
Net cash for investing activities	(82,237)	(74,637)	(86,579)	(91,947)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
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	(1,132,675)	(25,000)	(1,132,675)	(25,000)
Distributions paid to partners	(104,458)	(66,565)	(126,706)	(105,308)
Exercise of limited partnership unit options	43	47	43	53
Payment of debt issuance costs	(22,812)	0	(22,812)	(723)
Excess tax benefit from unit-based compensation	(148)	(454)	1,515	(454)
Net cash for financing activities	(130,050)	(142,422)	(150,635)	(181,882)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(16)	893	(254)	1,065
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	104,652	60,578	87,380	(210)
Balance, beginning of period	78,830	35,524	96,102	96,312
Balance, end of period	183,482	96,102	183,482	96,102
SUPPLEMENTAL INFORMATION
Cash payments for interest expense	78,852	86,018	94,717	114,470
Interest capitalized	1,175	1,984	1,406	2,951
Cash payments for income taxes, net of refunds	$ 11,746	$ 8,761	$ 4,768	$ 8,876

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Consolidating Financial Information of Guarantors and Issuers Income Statement (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Condensed Financial Statements, Captions [Line Items]
Net revenues	$ 592,076	$ 553,445	$ 995,495	$ 939,249	$ 1,124,700	$ 1,084,094
Costs and expenses:
Cost of food, merchandise and games revenues	45,843	47,353	81,933	83,926	93,055	96,002
Operating expenses	170,394	163,311	388,335	380,832	458,906	460,125
Selling, general and administrative	58,727	52,993	125,533	115,488	148,356	145,788
Depreciation and amortization	57,495	60,223	108,313	112,211	122,408	127,191
Loss on impairment / retirement of fixed assets, net	1,637	25,000	2,266	24,230	8,372	34,509
Gain on sale of other assets	(8,743)	0	(8,743)	0	(15,368)	0
Total costs and expenses	325,353	348,880	697,637	716,687	815,729	863,615
Operating income	266,723	204,565	297,858	222,562	308,971	220,479
Interest Income (Expense), Net	25,512	26,850	77,027	83,871	103,707	116,369
Net effect of swaps	1,377	(175)	8,315	(1,318)	8,141	(10,930)
Loss on early debt extinguishment	0	0	34,573	0	34,573	0
Unrealized / realized foreign currency (gain) loss	(8,615)	(15,035)	15,229	(13,926)	20,157	(18,721)
Other Income Expense	0	0	0	0	0	0
(Income) loss from investment in affiliates	0	0	0	0	0	0
Income before taxes	248,449	192,925	162,714	153,935	142,393	133,761
Provision for taxes	58,025	51,912	34,026	41,754	24,030	27,858
Net income	190,424	141,013	128,688	112,181	118,363	105,903
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(699)	(563)	1,194	(1,251)	2,814	(2,672)
Unrealized income (loss) on cash flow hedging derivatives	(2,761)	(234)	7,803	(1,798)	9,740	(397)
Other comprehensive income (loss), (net of tax)	(3,460)	(797)	8,997	(3,049)	12,554	(3,069)
Total Comprehensive Income (Loss)	186,964	140,216	137,685	109,132	130,917	102,834
Cedar Fair L.P. (Parent) [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	83,285	79,663	131,528	124,864	152,379	147,733
Costs and expenses:
Cost of food, merchandise and games revenues	0	0	0	0	0	0
Operating expenses	1,669	1,368	4,500	4,141	5,739	5,452
Selling, general and administrative	1,796	1,853	4,310	4,841	5,964	6,865
Depreciation and amortization	18,306	19,209	31,672	33,436	35,896	37,698
Loss on impairment / retirement of fixed assets, net	368	25,000	404	24,221	1,318	24,188
Gain on sale of other assets			0		0
Total costs and expenses	22,139	47,430	40,886	66,639	48,917	74,203
Operating income	61,146	32,233	90,642	58,225	103,462	73,530
Interest Income (Expense), Net	10,858	12,213	31,580	36,438	43,667	50,007
Net effect of swaps	810	(104)	5,067	(35)	4,964	(5,019)
Loss on early debt extinguishment			21,175		21,175
Unrealized / realized foreign currency (gain) loss	0	0	0	0	0	0
Other Income Expense	188	186	563	561	751	749
(Income) loss from investment in affiliates	(146,054)	(125,636)	(104,833)	(99,621)	(95,234)	(88,216)
Income before taxes	195,344	145,574	137,090	120,882	128,139	116,009
Provision for taxes	4,920	4,561	8,402	8,701	9,776	10,106
Net income	190,424	141,013	128,688	112,181	118,363	105,903
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(699)	(563)	1,194	(1,251)	2,814	(2,672)
Unrealized income (loss) on cash flow hedging derivatives	(2,761)	(234)	7,803	(1,798)	9,740	(397)
Other comprehensive income (loss), (net of tax)	(3,460)	(797)	8,997	(3,049)	12,554	(3,069)
Total Comprehensive Income (Loss)	186,964	140,216	137,685	109,132	130,917	102,834
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	161,866	141,134	255,595	221,221	292,510	261,878
Costs and expenses:
Cost of food, merchandise and games revenues	0	0	0	0	0	0
Operating expenses	76,468	74,191	150,320	147,211	179,465	180,665
Selling, general and administrative	38,083	32,627	81,584	70,848	97,351	90,892
Depreciation and amortization	10	10	28	28	40	41
Loss on impairment / retirement of fixed assets, net	0	0	0	0	0	0
Gain on sale of other assets			0		0
Total costs and expenses	114,561	106,828	231,932	218,087	276,856	271,598
Operating income	47,305	34,306	23,663	3,134	15,654	(9,720)
Interest Income (Expense), Net	6,901	7,258	21,824	21,957	29,195	28,592
Net effect of swaps	567	(71)	3,248	192	3,177	(1)
Loss on early debt extinguishment			12,781		12,781
Unrealized / realized foreign currency (gain) loss	0	0	0	0	0	0
Other Income Expense	(2,129)	(2,043)	(6,645)	(7,119)	(9,033)	(10,205)
(Income) loss from investment in affiliates	(78,714)	(79,925)	(58,614)	(73,448)	(51,316)	(50,693)
Income before taxes	120,680	109,087	51,069	61,552	30,850	22,587
Provision for taxes	14,537	9,777	(2,444)	(3,771)	(8,530)	(29,298)
Net income	106,143	99,310	53,513	65,323	39,380	51,885
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	0	0	0	0	0	0
Unrealized income (loss) on cash flow hedging derivatives	(1,202)	48	1,836	(629)	2,385	(109)
Other comprehensive income (loss), (net of tax)	(1,202)	48	1,836	(629)	2,385	(109)
Total Comprehensive Income (Loss)	104,941	99,358	55,349	64,694	41,765	51,776
Co-Issuer Subsidiary (Cedar Canada) [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	82,265	88,334	117,508	130,441	127,485	142,250
Costs and expenses:
Cost of food, merchandise and games revenues	6,082	6,447	9,076	9,988	9,404	10,531
Operating expenses	19,042	18,736	40,569	40,328	48,104	47,134
Selling, general and administrative	4,781	4,822	9,360	9,877	10,618	11,650
Depreciation and amortization	8,979	9,430	15,797	16,415	17,581	18,300
Loss on impairment / retirement of fixed assets, net	1	0	479	9	476	(62)
Gain on sale of other assets			0		0
Total costs and expenses	38,885	39,435	75,281	76,617	86,183	87,553
Operating income	43,380	48,899	42,227	53,824	41,302	54,697
Interest Income (Expense), Net	9,731	9,897	29,338	30,898	39,310	44,583
Net effect of swaps	0	0	0	(1,475)	0	(5,910)
Loss on early debt extinguishment			617		617
Unrealized / realized foreign currency (gain) loss	(8,615)	(15,035)	15,229	(13,926)	20,157	(18,721)
Other Income Expense	584	512	1,967	1,221	2,766	1,498
(Income) loss from investment in affiliates	(13,606)	(11,355)	(18,318)	(14,896)	(18,019)	(9,456)
Income before taxes	55,286	64,880	13,394	52,002	(3,529)	42,703
Provision for taxes	14,390	17,181	(1,596)	13,525	(11,708)	20,942
Net income	40,896	47,699	14,990	38,477	8,179	21,761
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(699)	(563)	1,194	(1,251)	2,814	(2,672)
Unrealized income (loss) on cash flow hedging derivatives	0	0	0	21	0	21
Other comprehensive income (loss), (net of tax)	(699)	(563)	1,194	(1,230)	2,814	(2,651)
Total Comprehensive Income (Loss)	40,197	47,136	16,184	37,247	10,993	19,110
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	509,467	464,902	877,450	808,471	996,647	941,465
Costs and expenses:
Cost of food, merchandise and games revenues	39,761	40,906	72,857	73,938	83,651	85,471
Operating expenses	318,022	289,604	579,532	534,900	669,919	636,106
Selling, general and administrative	14,067	13,691	30,279	29,922	34,423	36,381
Depreciation and amortization	30,200	31,574	60,816	62,332	68,891	71,152
Loss on impairment / retirement of fixed assets, net	1,268	0	1,383	0	6,578	10,383
Gain on sale of other assets			8,743		(15,368)
Total costs and expenses	394,575	375,775	736,124	701,092	848,094	839,493
Operating income	114,892	89,127	141,326	107,379	148,553	101,972
Interest Income (Expense), Net	(1,978)	(2,518)	(5,715)	(5,422)	(8,465)	(6,813)
Net effect of swaps	0	0	0	0	0	0
Loss on early debt extinguishment			0		0
Unrealized / realized foreign currency (gain) loss	0	0	0	0	0	0
Other Income Expense	1,357	1,345	4,115	5,337	5,516	7,958
(Income) loss from investment in affiliates	(40,904)	(45,354)	(15,029)	(38,551)	(8,239)	(21,713)
Income before taxes	156,417	135,654	157,955	146,015	159,741	122,540
Provision for taxes	24,178	20,393	29,664	23,299	34,492	26,108
Net income	132,239	115,261	128,291	122,716	125,249	96,432
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	0	0	0	0	0	0
Unrealized income (loss) on cash flow hedging derivatives	0	0	0	0	0	0
Other comprehensive income (loss), (net of tax)	0	0	0	0	0	0
Total Comprehensive Income (Loss)	132,239	115,261	128,291	122,716	125,249	96,432
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	(244,807)	(220,588)	(386,586)	(345,748)	(444,321)	(409,232)
Costs and expenses:
Cost of food, merchandise and games revenues	0	0	0	0	0	0
Operating expenses	(244,807)	(220,588)	(386,586)	(345,748)	(444,321)	(409,232)
Selling, general and administrative	0	0	0	0	0	0
Depreciation and amortization	0	0	0	0	0	0
Loss on impairment / retirement of fixed assets, net	0	0	0	0	0	0
Gain on sale of other assets			0		0
Total costs and expenses	(244,807)	(220,588)	(386,586)	(345,748)	(444,321)	(409,232)
Operating income	0	0	0	0	0	0
Interest Income (Expense), Net	0	0	0	0	0	0
Net effect of swaps	0	0	0	0	0	0
Loss on early debt extinguishment			0		0
Unrealized / realized foreign currency (gain) loss	0	0	0	0	0	0
Other Income Expense	0	0	0	0	0	0
(Income) loss from investment in affiliates	279,278	262,270	196,794	226,516	172,808	170,078
Income before taxes	(279,278)	(262,270)	(196,794)	(226,516)	(172,808)	(170,078)
Provision for taxes	0	0	0	0	0	0
Net income	(279,278)	(262,270)	(196,794)	(226,516)	(172,808)	(170,078)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	699	563	(1,194)	1,251	(2,814)	2,672
Unrealized income (loss) on cash flow hedging derivatives	1,202	(48)	(1,836)	608	(2,385)	88
Other comprehensive income (loss), (net of tax)	1,901	515	(3,030)	1,859	(5,199)	2,760
Total Comprehensive Income (Loss)	$ (277,377)	$ (261,755)	$ (199,824)	$ (224,657)	$ (178,007)	$ (167,318)

XML

Long-Term Debt (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 29, 2013
Debt Instrument [Line Items]
Commitment fee on unused portion of credit facilities	0.50%
Notes Payable, Due 2018 [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 405
Debt Instrument, Interest Rate, Stated Percentage	9.125%
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
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
Consolidated leverage ratio requirement	6.25
Consolidated leverage ratio	3.57
EBITDA cushion on the ratio	184.1
Pro-forma consolidated leverage ratio	5.00
Credit Agreement 2013 [Member] [Domain] | Maximum [Member]
Debt Instrument [Line Items]
Restricted payment	60
Credit Agreement 2013 [Member] [Domain] | Canadian Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	15
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
Debt Instrument, Periodic Payment	6.3
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
Original Issue Discount [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Unamortized discount	5.6
Effective interest rate percentage	9.375%
2010 Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	1,435
2010 Credit Agreement [Member] | Canadian Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	15
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
2010 Credit Agreement [Member] | Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 260
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

Restatement

9 Months Ended

Sep. 29, 2013

Accounting Changes and Error Corrections [Abstract]

Restatement

Restatement:

The Partnership has made the following correction relating to its use of the composite depreciation method.

This correction, which impacts the Balance Sheet at September 30, 2012 and the Statement of Operations and Other Comprehensive Income for the three-, nine-, and twelve-month periods ended September 30, 2012, reflects a subsequent determination that a disposition from the Partnership's 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 a response to an SEC comment letter. The Partnership ultimately concluded that such disposition was unusual and that an $8.8 millioncharge should be reflected in the 2011 financial statements.

The tables below reflect the impact on the financial statements of the correction as described above.

Balance Sheet
(In thousands)	9/30/2012
Accumulated depreciation
As filed	$	(1,175,744	)
Correction	(7,845		)
As restated	$	(1,183,589	)
Total assets
As filed	$	2,089,837
Correction	(7,845		)
As restated	$	2,081,992
Deferred Tax Liability
As filed	$	143,094
Correction	(2,981		)
As restated	$	140,113
Limited Partners' Equity
As filed	$	212,797
Correction	(4,864		)
As restated	$	207,933

Statements of Operations and Other Comprehensive Income
(In thousands except per unit amounts)	Three months ended			Nine months ended			Twelve months ended
	9/30/2012			9/30/2012			9/30/2012
Depreciation and amortization
As filed	$	60,747		$	113,156		$	128,136
Correction	(524		)	(945		)	(945		)
As restated	$	60,223		$	112,211		$	127,191
Loss (gain) on impairment / retirement of fixed assets, net
As filed	$	25,000		$	24,230		$	25,719
Correction	—			—			8,790
As restated	$	25,000		$	24,230		$	34,509
Income (loss) before tax
As filed	$	192,401		$	152,990		$	141,606
Correction	524			945			(7,845		)
As restated	$	192,925		$	153,935		$	133,761
Provision (benefit) for taxes
As filed	$	51,713		$	41,395		$	30,839
Correction	199			359			(2,981		)
As restated	$	51,912		$	41,754		$	27,858
Net income (loss)
As filed	$	140,688		$	111,595		$	110,767
Correction	325			586			(4,864		)
As restated	$	141,013		$	112,181		$	105,903
Basic earnings per limited partner unit:
As filed	$	2.53		$	2.01		$	2.00
Correction	0.01			0.01			(0.09		)
As restated	$	2.54		$	2.02		$	1.91
Diluted earnings per limited partner unit:
As filed	$	2.51		$	2.00		$	1.98
Correction	0.01			0.01			(0.09		)
As restated	$	2.52		$	2.01		$	1.89

XML

Fair Value Measurements

9 Months Ended

Sep. 29, 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 September 29, 2013, December 31, 2012, and September 30, 2012 on a recurring basis:

	Total			Level 1		Level 2			Level 3
September 29, 2013
(In thousands)
Interest rate swap agreements (1)	$	(5,483	)	$	—	$	(5,483	)	$	—
Interest rate swap agreements (2)	(26,163		)	—		(26,163		)	—
Net derivative liability	$	(31,646	)	$	—	$	(31,646	)	$	—
December 31, 2012
Interest rate swap agreements (1)	$	(32,260	)	$	—	$	(32,260	)	$	—
Net derivative liability	$	(32,260	)	$	—	$	(32,260	)	$	—
September 30, 2012
Interest rate swap agreements (1)	$	(34,708	)	$	—	$	(34,708	)	$	—
Net derivative liability	$	(34,708	)	$	—	$	(34,708	)	$	—

(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 September 29, 2013.

The carrying value of cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities approximates fair value because of the short maturity of these instruments.

There were no assets measured at fair value on a non-recurring basis at September 29, 2013 or September 30, 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 September 29, 2013 was approximately $627.6 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 September 29, 2013 was approximately $922.0 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.

XML

Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 29, 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 nine months ended September 29, 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	(4,285		)	—			(4,285		)
Balance at September 29, 2013	$	321,804		$	(79,868	)	$	241,936

Partnership's other intangible assets

At September 29, 2013, December 31, 2012, and September 30, 2012 the Partnership’s other intangible assets consisted of the following:

September 29, 2013	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	39,615	$	—	$	39,615
License / franchise agreements	799		389		410
Total other intangible assets	$	40,414	$	389	$	40,025
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
September 30, 2012
(In thousands)
Other intangible assets:
Trade names	$	40,425	$	—	$	40,425
License / franchise agreements	790		350		440
Total other intangible assets	$	41,215	$	350	$	40,865

XML

Changes in Accumulated Other Comprehensive Income by Component

9 Months Ended

Sep. 29, 2013

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income by Component

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

The following tables reflect the changes in Accumulated Other Comprehensive Income (Loss) related to limited partners' equity for the three-, nine-, and twelve-month periods ended September 29, 2013:

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)
Other comprehensive income before reclassifications		(4,440		)	(699		)	(5,139		)
Amounts reclassified from accumulated other comprehensive income (2)		1,679			—			1,679
Net current-period other comprehensive income		(2,761		)	(699		)	(3,460		)
September 29, 2013		$	(17,946	)	$	(1,557	)	$	(19,503	)

(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.

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at December 31, 2012		$	(25,749	)	$	(2,751	)	$	(28,500	)
Other comprehensive income before reclassifications		(2,500		)	1,194			(1,306		)
Amounts reclassified from accumulated other comprehensive income (2)		10,303			—			10,303
Net current-period other comprehensive income		7,803			1,194			8,997
September 29, 2013		$	(17,946	)	$	(1,557	)	$	(19,503	)

(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.

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at September 30, 2012		$	(27,686	)	$	(4,371	)	$	(32,057	)
Other comprehensive income before reclassifications		(416		)	2,814			2,398
Amounts reclassified from accumulated other comprehensive income (2)		10,156			—			10,156
Net current-period other comprehensive income		9,740			2,814			12,554
September 29, 2013		$	(17,946	)	$	(1,557	)	$	(19,503	)

(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	3 months ended 9/29/13			9 months ended 9/29/13			12 months ended 9/29/13
Interest rate contracts	$	1,986		$	12,146		$	11,972		Net effect of swaps
	$	1,986		$	12,146		$	11,972		Total before tax
	(307		)	(1,843		)	(1,816		)	Provision (benefit) for taxes
	$	1,679		$	10,303		$	10,156		Net of tax

(1) Amounts in parentheses indicate debits.

XML

Document and Entity Information	9 Months Ended
	Sep. 29, 2013	Nov. 01, 2013
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 29, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
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		55,715,198

XML

Consolidating Financial Information of Guarantors and Issuers

9 Months Ended

Sep. 29, 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 September 29, 2013, December 31, 2012, and September 30, 2012 and for the three, nine and twelve month periods ended September 29, 2013 and September 30, 2012. In lieu of providing separate unaudited financial statements for the guarantor subsidiaries, the Partnership has 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 September 29, 2013, December 31, 2012 and September 30, 2012 balance sheets in the accompanying condensed consolidating financial statements.

The consolidating financial information has been corrected for the information described in Note 11.

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

September 29, 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	$	133,000	$	2,293	$	36,187	$	12,002	$	—		$	183,482
Receivables	12		124,478		70,303		589,797		(742,056		)	42,534
Inventories	—		1,578		2,090		25,648		—			29,316
Current deferred tax asset	—		3,708		816		3,661		—			8,185
Income tax refundable	—		—		662		—		—			662
Other current assets	995		3,558		613		3,798		—			8,964
	134,007		135,615		110,671		634,906		(742,056		)	273,143
Property and Equipment (net)	450,205		985		248,484		815,000		—			1,514,674
Investment in Park	548,241		824,356		143,548		81,719		(1,597,864		)	—
Goodwill	9,061		—		121,657		111,218		—			241,936
Other Intangibles, net	—		—		17,228		22,797		—			40,025
Deferred Tax Asset	—		30,316		—		90		(30,406		)	—
Intercompany Receivable	877,010		1,069,069		1,113,983		—		(3,060,062		)	—
Other Assets	13,196		9,031		6,902		2,140		—			31,269
	$	2,031,720	$	2,069,372	$	1,762,473	$	1,667,870	$	(5,430,388	)	$	2,101,047
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	6,300	$	6,300	$	6,300	$	—	$	(12,600	)	$	6,300
Accounts payable	281,983		159,781		7,802		314,367		(742,056		)	21,877
Deferred revenue	—		—		1,951		35,676		—			37,627
Accrued interest	2,677		1,593		5,983		—		—			10,253
Accrued taxes	5,413		29,386		—		4,594		—			39,393
Accrued salaries, wages and benefits	1		27,622		2,154		9,844		—			39,621
Self-insurance reserves	—		5,545		1,896		16,647		—			24,088
Other accrued liabilities	991		4,077		694		1,856		—			7,618
	297,365		234,304		26,780		382,984		(754,656		)	186,777
Deferred Tax Liability	—		—		61,143		126,866		(30,406		)	157,603
Derivative Liability	18,407		13,239		—		—		—			31,646
Other Liabilities	—		5,573		—		3,500		—			9,073
Long-Term Debt:
Term debt	622,125		622,125		622,125		—		(1,244,250		)	622,125
Notes	901,606		901,606		901,606		—		(1,803,212		)	901,606
	1,523,731		1,523,731		1,523,731		—		(3,047,462		)	1,523,731
Equity	192,217		292,525		150,819		1,154,520		(1,597,864		)	192,217
	$	2,031,720	$	2,069,372	$	1,762,473	$	1,667,870	$	(5,430,388	)	$	2,101,047

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012

(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.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

September 30, 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	$	43,000	$	2,263	$	40,278	$	10,561	$	—		$	96,102
Receivables	3		108,211		64,153		478,372		(621,382		)	29,357
Inventories	—		1,584		2,742		29,267		—			33,593
Current deferred tax asset	—		6,239		772		3,334		—			10,345
Income tax refundable	—		—		10,454		—		—			10,454
Other current assets	929		2,065		674		3,775		—			7,443
	43,932		120,362		119,073		525,309		(621,382		)	187,294
Property and Equipment (net)	425,747		1,025		272,951		856,276		—			1,555,999
Investment in Park	572,748		786,753		115,271		60,141		(1,534,913		)	—
Goodwill	9,061		—		127,384		111,218		—			247,663
Other Intangibles, net	—		—		18,039		22,826		—			40,865
Deferred Tax Asset	—		39,320		—		—		(39,320		)	—
Intercompany Receivable	877,208		1,069,721		1,116,623		—		(3,063,552		)	—
Other Assets	23,361		15,580		8,925		2,305		—			50,171
	$	1,952,057	$	2,032,761	$	1,778,266	$	1,578,075	$	(5,259,167	)	$	2,081,992
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	210,936	$	116,160	$	29,248	$	287,634	$	(621,382	)	$	22,596
Deferred revenue	—		—		4,544		30,138		—			34,682
Accrued interest	735		195		6,082		—		—			7,012
Accrued taxes	5,818		42,090		—		4,496		—			52,404
Accrued salaries, wages and benefits	—		24,864		2,365		8,990		—			36,219
Self-insurance reserves	—		4,751		1,698		16,643		—			23,092
Other accrued liabilities	824		4,097		2,417		3,505		—			10,843
	218,313		192,157		46,354		351,406		(621,382		)	186,848
Deferred Tax Liability	—		—		59,462		119,971		(39,320		)	140,113
Derivative Liability	20,801		13,907		—		—		—			34,708
Other Liabilities	—		3,880		—		3,500		—			7,380
Long-Term Debt:
Term debt	1,131,100		1,131,100		1,131,100		—		(2,262,200		)	1,131,100
Notes	400,676		400,676		400,676		—		(801,352		)	400,676
	1,531,776		1,531,776		1,531,776		—		(3,063,552		)	1,531,776
Equity	181,167		291,041		140,674		1,103,198		(1,534,913		)	181,167
	$	1,952,057	$	2,032,761	$	1,778,266	$	1,578,075	$	(5,259,167	)	$	2,081,992

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	83,285		$	161,866		$	82,265		$	509,467		$	(244,807	)	$	592,076
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			6,082			39,761			—			45,843
Operating expenses	1,669			76,468			19,042			318,022			(244,807		)	170,394
Selling, general and administrative	1,796			38,083			4,781			14,067			—			58,727
Depreciation and amortization	18,306			10			8,979			30,200			—			57,495
Gain on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	368			—			1			1,268			—			1,637
	22,139			114,561			38,885			394,575			(244,807		)	325,353
Operating income	61,146			47,305			43,380			114,892			—			266,723
Interest expense (income), net	10,858			6,901			9,731			(1,978		)	—			25,512
Net effect of swaps	810			567			—			—			—			1,377
Unrealized / realized foreign currency gain	—			—			(8,615		)	—			—			(8,615		)
Other (income) expense	188			(2,129		)	584			1,357			—			—
Income from investment in affiliates	(146,054		)	(78,714		)	(13,606		)	(40,904		)	279,278			—
Net income before taxes	195,344			120,680			55,286			156,417			(279,278		)	248,449
Provision for taxes	4,920			14,537			14,390			24,178			—			58,025
Net income	$	190,424		$	106,143		$	40,896		$	132,239		$	(279,278	)	$	190,424
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(699		)	—			(699		)	—			699			(699		)
Unrealized income (loss) on cash flow hedging derivatives	(2,761		)	(1,202		)	—			—			1,202			(2,761		)
Other comprehensive income (loss), (net of tax)	(3,460		)	(1,202		)	(699		)	—			1,901			(3,460		)
Total Comprehensive Income	$	186,964		$	104,941		$	40,197		$	132,239		$	(277,377	)	$	186,964

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended September 30, 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	$	79,663		$	141,134		$	88,334		$	464,902		$	(220,588	)	$	553,445
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			6,447			40,906			—			47,353
Operating expenses	1,368			74,191			18,736			289,604			(220,588		)	163,311
Selling, general and administrative	1,853			32,627			4,822			13,691			—			52,993
Depreciation and amortization	19,209			10			9,430			31,574			—			60,223
Loss on impairment / retirement of fixed assets, net	25,000			—			—			—			—			25,000
	47,430			106,828			39,435			375,775			(220,588		)	348,880
Operating income	32,233			34,306			48,899			89,127			—			204,565
Interest expense, net	12,213			7,258			9,897			(2,518		)	—			26,850
Net effect of swaps	(104		)	(71		)	—			—			—			(175		)
Unrealized / realized foreign currency gain	—			—			(15,035		)	—			—			(15,035		)
Other (income) expense	186			(2,043		)	512			1,345			—			—
Income from investment in affiliates	(125,636		)	(79,925		)	(11,355		)	(45,354		)	262,270			—
Income before taxes	145,574			109,087			64,880			135,654			(262,270		)	192,925
Provision for taxes	4,561			9,777			17,181			20,393			—			51,912
Net income	$	141,013		$	99,310		$	47,699		$	115,261		$	(262,270	)	$	141,013
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(563		)	—			(563		)	—			563			(563		)
Unrealized income (loss) on cash flow hedging derivatives	(234		)	48			—			—			(48		)	(234		)
Other comprehensive income (loss), (net of tax)	(797		)	48			(563		)	—			515			(797		)
Total Comprehensive Income	$	140,216		$	99,358		$	47,136		$	115,261		$	(261,755	)	$	140,216

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Nine Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	131,528		$	255,595		$	117,508		$	877,450		$	(386,586	)	$	995,495
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,076			72,857			—			81,933
Operating expenses	4,500			150,320			40,569			579,532			(386,586		)	388,335
Selling, general and administrative	4,310			81,584			9,360			30,279			—			125,533
Depreciation and amortization	31,672			28			15,797			60,816			—			108,313
Gain on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	404			—			479			1,383			—			2,266
	40,886			231,932			75,281			736,124			(386,586		)	697,637
Operating income	90,642			23,663			42,227			141,326			—			297,858
Interest expense (income), net	31,580			21,824			29,338			(5,715		)	—			77,027
Net effect of swaps	5,067			3,248			—			—			—			8,315
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			15,229			—			—			15,229
Other (income) expense	563			(6,645		)	1,967			4,115			—			—
Income from investment in affiliates	(104,833		)	(58,614		)	(18,318		)	(15,029		)	196,794			—
Income before taxes	137,090			51,069			13,394			157,955			(196,794		)	162,714
Provision (benefit) for taxes	8,402			(2,444		)	(1,596		)	29,664			—			34,026
Net income	$	128,688		$	53,513		$	14,990		$	128,291		$	(196,794	)	$	128,688
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,194			—			1,194			—			(1,194		)	1,194
Unrealized income on cash flow hedging derivatives	7,803			1,836			—			—			(1,836		)	7,803
Other comprehensive income, (net of tax)	8,997			1,836			1,194			—			(3,030		)	8,997
Total Comprehensive Income	$	137,685		$	55,349		$	16,184		$	128,291		$	(199,824	)	$	137,685

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Nine Months Ended September 30, 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	$	124,864		$	221,221		$	130,441		$	808,471		$	(345,748	)	$	939,249
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,988			73,938			—			83,926
Operating expenses	4,141			147,211			40,328			534,900			(345,748		)	380,832
Selling, general and administrative	4,841			70,848			9,877			29,922			—			115,488
Depreciation and amortization	33,436			28			16,415			62,332			—			112,211
Loss on impairment / retirement of fixed assets, net	24,221			—			9			—			—			24,230
	66,639			218,087			76,617			701,092			(345,748		)	716,687
Operating income	58,225			3,134			53,824			107,379			—			222,562
Interest expense, net	36,438			21,957			30,898			(5,422		)	—			83,871
Net effect of swaps	(35		)	192			(1,475		)	—			—			(1,318		)
Unrealized / realized foreign currency gain	—			—			(13,926		)	—			—			(13,926		)
Other (income) expense	561			(7,119		)	1,221			5,337			—			—
Income from investment in affiliates	(99,621		)	(73,448		)	(14,896		)	(38,551		)	226,516			—
Income before taxes	120,882			61,552			52,002			146,015			(226,516		)	153,935
Provision (benefit) for taxes	8,701			(3,771		)	13,525			23,299			—			41,754
Net income	$	112,181		$	65,323		$	38,477		$	122,716		$	(226,516	)	$	112,181
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(1,251		)	—			(1,251		)	—			1,251			(1,251		)
Unrealized income (loss) on cash flow hedging derivatives	(1,798		)	(629		)	21			—			608			(1,798		)
Other comprehensive income (loss), (net of tax)	(3,049		)	(629		)	(1,230		)	—			1,859			(3,049		)
Total Comprehensive Income	$	109,132		$	64,694		$	37,247		$	122,716		$	(224,657	)	$	109,132

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,379		$	292,510		$	127,485		$	996,647		$	(444,321	)	$	1,124,700
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,404			83,651			—			93,055
Operating expenses	5,739			179,465			48,104			669,919			(444,321		)	458,906
Selling, general and administrative	5,964			97,351			10,618			34,423			—			148,356
Depreciation and amortization	35,896			40			17,581			68,891			—			122,408
(Gain) on sale of other assets	—			—			—			(15,368		)	—			(15,368		)
Loss on impairment / retirement of fixed assets, net	1,318			—			476			6,578			—			8,372
	48,917			276,856			86,183			848,094			(444,321		)	815,729
Operating income	103,462			15,654			41,302			148,553			—			308,971
Interest (income) expense, net	43,667			29,195			39,310			(8,465		)	—			103,707
Net effect of swaps	4,964			3,177			—			—			—			8,141
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			20,157			—			—			20,157
Other (income) expense	751			(9,033		)	2,766			5,516			—			—
Income from investment in affiliates	(95,234		)	(51,316		)	(18,019		)	(8,239		)	172,808			—
Income (loss) before taxes	128,139			30,850			(3,529		)	159,741			(172,808		)	142,393
Provision (benefit) for taxes	9,776			(8,530		)	(11,708		)	34,492			—			24,030
Net income	$	118,363		$	39,380		$	8,179		$	125,249		$	(172,808	)	$	118,363
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	2,814			—			2,814			—			(2,814		)	2,814
Unrealized income on cash flow hedging derivatives	9,740			2,385			—			—			(2,385		)	9,740
Other comprehensive income, (net of tax)	12,554			2,385			2,814			—			(5,199		)	12,554
Total Comprehensive Income	$	130,917		$	41,765		$	10,993		$	125,249		$	(178,007	)	$	130,917

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended September 30, 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	$	147,733		$	261,878		$	142,250		$	941,465		$	(409,232	)	$	1,084,094
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			10,531			85,471			—			96,002
Operating expenses	5,452			180,665			47,134			636,106			(409,232		)	460,125
Selling, general and administrative	6,865			90,892			11,650			36,381			—			145,788
Depreciation and amortization	37,698			41			18,300			71,152			—			127,191
Loss (gain) on impairment / retirement of fixed assets, net	24,188			—			(62		)	10,383			—			34,509
	74,203			271,598			87,553			839,493			(409,232		)	863,615
Operating income (loss)	73,530			(9,720		)	54,697			101,972			—			220,479
Interest expense, net	50,007			28,592			44,583			(6,813		)	—			116,369
Net effect of swaps	(5,019		)	(1		)	(5,910		)	—			—			(10,930		)
Unrealized / realized foreign currency gain	—			—			(18,721		)	—			—			(18,721		)
Other (income) expense	749			(10,205		)	1,498			7,958			—			—
Income from investment in affiliates	(88,216		)	(50,693		)	(9,456		)	(21,713		)	170,078			—
Income before taxes	116,009			22,587			42,703			122,540			(170,078		)	133,761
Provision (benefit) for taxes	10,106			(29,298		)	20,942			26,108			—			27,858
Net income	$	105,903		$	51,885		$	21,761		$	96,432		$	(170,078	)	$	105,903
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,672		)	—			(2,672		)	—			2,672			(2,672		)
Unrealized income (loss) on cash flow hedging derivatives	(397		)	(109		)	21			—			88			(397		)
Other comprehensive income (loss), (net of tax)	(3,069		)	(109		)	(2,651		)	—			2,760			(3,069		)
Total Comprehensive Income	$	102,834		$	51,776		$	19,110		$	96,432		$	(167,318	)	$	102,834

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM OPERATING ACTIVITIES	$	337,821		$	60,434		$	21,615		$	66,757		$	(169,672	)	$	316,955
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(63,105		)	(52,172		)	(29,579		)	(24,816		)	169,672			—
Sale of other assets	—			—			—			15,297			—			15,297
Capital expenditures	(43,568		)	—			(5,517		)	(48,449		)	—			(97,534		)
Net cash from investing activities	(106,673		)	(52,172		)	(35,096		)	(57,968		)	169,672			(82,237		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Payment of debt issuance costs	(14,331		)	(8,028		)	(453		)	—			—			(22,812		)
Term debt payments, including early termination penalties	(655,723		)	(462,438		)	(14,514		)	—			—			(1,132,675		)
Distributions (paid) received	(107,013		)	2,555			—			—			—			(104,458		)
Exercise of limited partnership unit options	—			43			—			—			—			43
Excess tax benefit from unit-based compensation expense	—			(148		)	—			—			—			(148		)
Net cash (for) financing activities	(123,148		)	(6,413		)	(489		)	—			—			(130,050		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(16		)	—			—			(16		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	108,000			1,849			(13,986		)	8,789			—			104,652
Balance, beginning of period	25,000			444			50,173			3,213			—			78,830
Balance, end of period	$	133,000		$	2,293		$	36,187		$	12,002		$	—		$	183,482

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 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 OPERATING ACTIVITIES	$	209,022		$	49,092			$	9,484		$	156,240		$	(147,094	)	$	276,744
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(56,757		)	(70,669		)		3,557			(23,225		)	147,094			—
Sale of other assets	1,173			—				—			—			—			1,173
Capital expenditures	(29,295		)	(8		)		(14,426		)	(32,081		)	—			(75,810		)
Net cash (for) investing activities	(84,879		)	(70,677		)		(10,869		)	(55,306		)	147,094			(74,637		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Derivative settlement	—			—				(50,450		)	—			—			(50,450		)
Term debt payments, including early termination penalties	(14,468		)	(10,212		)		(320		)	—			—			(25,000		)
Intercompany (payments) receipts	—			93,845				—			(93,845		)	—			—
Distributions (paid) received	(66,675		)	110				—			—			—			(66,565		)
Capital (contribution) infusion	—			(60,000		)	—	60,000			—			—			—
Exercise of limited partnership unit options	—			47				—			—			—			47
Excess tax benefit from unit-based compensation	—			(454		)		—			—			—			(454		)
Net cash from (for) financing activities	(81,143		)	23,336				9,230			(93,845		)	—			(142,422		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				893			—			—			893
CASH AND CASH EQUIVALENTS
Net increase for the period	43,000			1,751				8,738			7,089			—			60,578
Balance, beginning of period	—			512				31,540			3,472			—			35,524
Balance, end of period	$	43,000		$	2,263			$	40,278		$	10,561		$	—		$	96,102

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM OPERATING ACTIVITIES	$	258,843		$	42,367		$	32,927		$	52,457		$	(61,746	)	$	324,848
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	24,507			(37,602		)	(30,743		)	(17,908		)	61,746			—
Sale of other assets	—			—			—			30,182			—			30,182
Capital expenditures	(47,938		)	(1		)	(5,532		)	(63,290		)	—			(116,761		)
Net cash (for) investing activities	(23,431		)	(37,603		)	(36,275		)	(51,016		)	61,746			(86,579		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Term debt payments, including early termination penalties	(655,723		)	(462,438		)	(14,514		)	—			—			(1,132,675		)
Distributions (paid) received	(129,277		)	2,571			—			—			—			(126,706		)
Exercise of limited partnership unit options	—			43			—			—			—			43
Payment of debt issuance costs	(14,331		)	(8,028		)	(453		)	—			—			(22,812		)
Excess tax benefit from unit-based compensation expense	—			1,515			—			—			—			1,515
Net cash (for) financing activities	(145,412		)	(4,734		)	(489		)	—			—			(150,635		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(254		)	—			—			(254		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	90,000			30			(4,091		)	1,441			—			87,380
Balance, beginning of period	43,000			2,263			40,278			10,561			—			96,102
Balance, end of period	$	133,000		$	2,293		$	36,187		$	12,002		$	—		$	183,482

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended September 30, 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	$	181,718		$	(157,023	)	$	8,795		$	314,835		$	(75,771	)	$	272,554
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(35,830		)	(42,342		)	8,488			(6,087		)	75,771			—
Sale of other assets	1,173			—			—			—			—			1,173
Capital expenditures	(33,025		)	(8		)	(23,050		)	(37,037		)	—			(93,120		)
Net cash (for) investing activities	(67,682		)	(42,350		)	(14,562		)	(43,124		)	75,771			(91,947		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Intercompany term debt (payments) receipts	—			269,500			—			(269,500		)	—			—
Term debt payments, including early termination penalties	(14,467		)	(10,213		)	(320		)	—			—			(25,000		)
Derivative settlement	—			—			(50,450		)	—			—			(50,450		)
Distributions (paid) received	(105,569		)	261			—			—			—			(105,308		)
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	—			(454		)	—			—			—			(454		)
Net cash from (for) financing activities	(120,036		)	199,147			8,507			(269,500		)	—			(181,882		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			1,065			—			—			1,065
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(6,000		)	(226		)	3,805			2,211			—			(210		)
Balance, beginning of period	49,000			2,489			36,473			8,350			—			96,312
Balance, end of period	$	43,000		$	2,263		$	40,278		$	10,561		$	—		$	96,102