10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended March 30, 2014

OR

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

For the transition period from              to             .

Commission file number 1-9444

CEDAR FAIR, L.P.

(Exact name of registrant as specified in its charter)

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

One Cedar Point Drive, Sandusky, Ohio 44870-5259

(Address of principal executive offices) (Zip Code)

(419) 626-0830

(Registrant’s telephone number, including area code)

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

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

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

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

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

Title of Class	Units Outstanding As Of May 1, 2014
Units Representing Limited Partner Interests	55,837,975

CEDAR FAIR, L.P.

INDEX

FORM 10 - Q

Part I - Financial Information
Item 1.	Financial Statements	3-30
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	31-37
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	37-38
Item 4.	Controls and Procedures	38
Part II - Other Information
Item 1.	Legal Proceedings	38-39
Item 1A.	Risk Factors	39
Item 6.	Exhibits	40
Signatures		41
Index to Exhibits		42

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

	3/30/2014			12/31/2013			3/31/2013
ASSETS
Current Assets:
Cash and cash equivalents	$	8,867		$	118,056		$	10,038
Receivables	19,630			21,333			13,342
Inventories	38,264			26,080			39,063
Current deferred tax asset	26,653			9,675			36,022
Prepaid advertising	20,101			2,228			16,396
Other current assets	9,919			9,125			11,319
	123,434			186,497			126,180
Property and Equipment:
Land	279,992			283,313			301,469
Land improvements	349,245			350,869			338,777
Buildings	581,525			584,659			587,603
Rides and equipment	1,485,418			1,494,112			1,446,904
Construction in progress	85,854			44,550			63,509
	2,782,034			2,757,503			2,738,262
Less accumulated depreciation	(1,248,072		)	(1,251,740		)	(1,167,410		)
	1,533,962			1,505,763			1,570,852
Goodwill	233,528			238,089			243,653
Other Intangibles, net	38,920			39,471			40,323
Other Assets	43,391			44,807			34,648
	$	1,973,235		$	2,014,627		$	2,015,656
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	1,450		$	—		$	6,300
Accounts payable	45,028			13,222			37,443
Deferred revenue	70,148			44,521			66,184
Accrued interest	10,073			23,201			8,339
Accrued taxes	6,452			19,481			9,000
Accrued salaries, wages and benefits	24,519			29,200			20,182
Self-insurance reserves	22,696			23,653			23,557
Other accrued liabilities	4,896			5,521			7,867
	185,262			158,799			178,872
Deferred Tax Liability	157,281			158,113			154,587
Derivative Liability	27,789			26,662			31,031
Other Liabilities	7,755			11,290			7,685
Long-Term Debt:
Revolving credit loans	55,000			—			96,000
Term debt	617,400			618,850			623,700
Notes	901,957			901,782			901,255
	1,574,357			1,520,632			1,620,955
Commitments and Contingencies (Note 10)
Partners’ Equity:
Special L.P. interests	5,290			5,290			5,290
General partner	1			2			—
Limited partners, 55,835, 55,716 and 55,712 units outstanding at March 30, 2014, December 31, 2013 and March 31, 2013, respectively	29,537			148,847			36,550
Accumulated other comprehensive loss	(14,037		)	(15,008		)	(19,314		)
	20,791			139,131			22,526
	$	1,973,235		$	2,014,627		$	2,015,656

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

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CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(In thousands, except per unit amounts)

	Three months ended						Twelve months ended
	3/30/2014			3/31/2013			3/30/2014			3/31/2013
Net revenues:
Admissions	$	19,067		$	20,023		$	646,051		$	620,422
Food, merchandise and games	16,386			16,692			355,799			346,374
Accommodations and other	5,013			5,084			131,389			115,259
	40,466			41,799			1,133,239			1,082,055
Costs and expenses:
Cost of food, merchandise, and games revenues	4,985			5,037			91,720			95,998
Operating expenses	80,350			76,657			476,037			456,775
Selling, general and administrative	21,404			21,039			152,777			141,366
Depreciation and amortization	4,307			4,786			122,008			127,013
Gain on sale of other assets	—			—			(8,743		)	(6,625		)
Loss on impairment / retirement of fixed assets, net	997			600			2,936			30,844
	112,043			108,119			836,735			845,371
Operating income (loss)	(71,577		)	(66,320		)	296,504			236,684
Interest expense	24,732			25,763			102,040			109,579
Net effect of swaps	371			9,211			(1,957		)	8,689
Loss on early debt extinguishment	—			34,573			—			34,573
Unrealized/realized foreign currency loss	17,184			8,958			37,167			8,152
Other income	(73		)	(40		)	(187		)	(92		)
Income (loss) before taxes	(113,791		)	(144,785		)	159,441			75,783
Provision (benefit) for taxes	(30,251		)	(35,659		)	25,651			17,638
Net income (loss)	(83,540		)	(109,126		)	133,790			58,145
Net income (loss) allocated to general partner	(1		)	(1		)	1			1
Net income (loss) allocated to limited partners	$	(83,539	)	$	(109,125	)	$	133,789		$	58,144
Net income (loss)	$	(83,540	)	$	(109,126	)	$	133,790		$	58,145
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,621			301			4,076			1,839
Unrealized income (loss) on cash flow hedging derivatives	(650		)	8,885			1,201			8,685
Other comprehensive income (loss), (net of tax)	971			9,186			5,277			10,524
Total comprehensive income (loss)	$	(82,569	)	$	(99,940	)	$	139,067		$	68,669
Basic earnings per limited partner unit:
Weighted average limited partner units outstanding	55,500			55,854			55,531			55,694
Net income (loss) per limited partner unit	$	(1.51	)	$	(1.95	)	$	2.41		$	1.04
Diluted earnings per limited partner unit:
Weighted average limited partner units outstanding	55,500			55,854			55,910			56,056
Net income (loss) per limited partner unit	$	(1.51	)	$	(1.95	)	$	2.39		$	1.04

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

4

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PARTNERS’ EQUITY

FOR THE THREE MONTHS ENDED MARCH 30, 2014

(In thousands)

	Three months ended
	3/30/14
Limited Partnership Units Outstanding
Beginning balance	55,716
Limited partnership unit options exercised	7
Issuance of limited partnership units as compensation	112
	55,835
Limited Partners’ Equity
Beginning balance	$	148,847
Net loss	(83,539		)
Partnership distribution declared ($0.70 per limited partnership unit)	(39,091		)
Expense recognized for limited partnership unit options	223
Tax effect of units involved in option exercises and treasury unit transactions	(568		)
Issuance of limited partnership units as compensation	3,665
	29,537
General Partner’s Equity
Beginning balance	2
Net loss	(1		)
	1
Special L.P. Interests	5,290
Accumulated Other Comprehensive Income (Loss)
Cumulative foreign currency translation adjustment:
Beginning balance	5
Current period activity, net of tax ($932)	1,621
	1,626
Unrealized loss on cash flow hedging derivatives:
Beginning balance	(15,013		)
Current period activity, net of tax $106	(650		)
	(15,663		)
	(14,037		)
Total Partners’ Equity	$	20,791

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

5

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

	Three months ended						Twelve months ended
	3/30/2014			3/31/2013			3/30/2014			3/31/2013
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES
Net income (loss)	$	(83,540	)	(109,126		)	$	133,790		58,145
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	4,307			4,786			122,008			127,013
Loss on early debt extinguishment	—			34,573			—			34,573
Loss on impairment / retirement of fixed assets, net	997			600			2,936			30,844
Gain on sale of other assets	—			—			(8,743		)	(6,625		)
Net effect of swaps	371			9,211			(1,957		)	8,689
Non-cash expense	21,546			13,867			50,679			22,127
Net change in working capital	(6,338		)	7,057			1,031			18,152
Net change in other assets/liabilities	(20,599		)	(29,635		)	9,338			5,029
Net cash from (for) operating activities	(83,256		)	(68,667		)	309,082			297,947
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Sale of other assets	—			—			15,297			16,058
Capital expenditures	(40,342		)	(35,829		)	(124,826		)	(103,262		)
Net cash for investing activities	(40,342		)	(35,829		)	(109,529		)	(87,204		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans	55,000			96,000			(41,000		)	(59,004		)
Term debt borrowings	—			630,000			—			630,000
Note borrowings	—			500,000			—			500,000
Term debt payments, including early termination penalties	—			(1,131,100		)	(11,150		)	(1,156,100		)
Distributions paid to partners	(39,091		)	(34,820		)	(147,728		)	(101,482		)
Exercise of limited partnership unit options	—			28			24			57
Payment of debt issuance costs	—			(23,491		)	242			(23,491		)
Excess tax benefit from unit-based compensation expense	(568		)	(127		)	414			1,519
Net cash from (for) financing activities	15,341			36,490			(199,198		)	(208,501		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(932		)	(786		)	(1,526		)	477
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(109,189		)	(68,792		)	(1,171		)	2,719
Balance, beginning of period	118,056			78,830			10,038			7,319
Balance, end of period	$	8,867		$	10,038		$	8,867		$	10,038
SUPPLEMENTAL INFORMATION
Cash payments for interest expense	$	36,966		$	31,291		$	96,509		$	102,703
Interest capitalized	406			516			1,500			1,086
Cash payments for income taxes, net of refunds	605			1,952			13,475			3,597

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

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CEDAR FAIR, L.P.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIODS ENDED MARCH 30, 2014 AND MARCH 31, 2013

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 March 30, 2014 and March 31, 2013 to accompany the quarterly results. Because amounts for the fiscal twelve months ended March 30, 2014 include actual 2013 season operating results, they may not be indicative of 2014 full calendar year operations.

(1) Significant Accounting and Reporting Policies:

The Partnership’s unaudited condensed consolidated financial statements for the periods ended March 30, 2014 and March 31, 2013 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, 2013, which were included in the Form 10-K filed on February 26, 2014. 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 referred to above.

New Accounting Pronouncements

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 adopted this guidance in the first quarter of 2014 and the December 31, 2013 and March 31, 2013 Unaudited Condensed Consolidating Balance Sheets in Note 12 reflect the effect of the adoption of this guidance.

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 adopted this guidance in the first quarter of 2014 and it did not impact its consolidated financial statements.

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(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.

8

(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. As of March 30, 2014, there were no indicators of impairment. The Partnership's annual testing date is December 31.

The Partnership tested goodwill and other indefinite-lived intangibles for impairment on December 31, 2013 and no impairment was indicated.

A summary of changes in the Partnership’s carrying value of goodwill for the three months ended March 30, 2014 and March 31, 2013 is as follows:

(In thousands)	Goodwill (gross)			Accumulated Impairment Losses			Goodwill (net)
Balance at December 31, 2012	$	326,089		$	(79,868	)	$	246,221
Foreign currency translation	(2,568		)	—			(2,568		)
Balance at March 31, 2013	$	323,521		$	(79,868	)	$	243,653
Balance at December 31, 2013	$	317,957		$	(79,868	)	$	238,089
Foreign currency translation	(4,561		)	—			(4,561		)
Balance at March 30, 2014	$	313,396		$	(79,868	)	$	233,528

At March 30, 2014, December 31, 2013, and March 31, 2013 the Partnership’s other intangible assets consisted of the following:

March 30, 2014	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	38,424	$	—	$	38,424
License / franchise agreements	881		385		496
Total other intangible assets	$	39,305	$	385	$	38,920
December 31, 2013
(In thousands)
Other intangible assets:
Trade names	$	39,070	$	—	$	39,070
License / franchise agreements	800		399		401
Total other intangible assets	$	39,870	$	399	$	39,471
March 31, 2013
(In thousands)
Other intangible assets:
Trade names	$	39,858	$	—	$	39,858
License / franchise agreements	834		369		465
Total other intangible assets	$	40,692	$	369	$	40,323

Estimated amortization expense is expected to total less than $75,000 in each year from 2014 through 2018.

(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

9

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.

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 38 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 was set at 6.25x consolidated total debt (excluding the revolving debt)-to-Consolidated EBITDA at the end of the first quarter in 2014, and the ratio will decrease by 0.25x each second quarter beginning with the second quarter of 2014 until it reaches 5.25x. As of March 30, 2014, the Partnership’s Consolidated Leverage Ratio was 3.63x, providing $175.2 million of consolidated EBITDA cushion on the ratio as of the end of the first quarter. The Partnership was in compliance with all other covenants under the 2013 Credit Agreement as of March 30, 2014.

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, we can make restricted payments of $20 million annually so long as no default or event of default has occurred and is continuing, and our ability to make additional restricted payments in 2013 and beyond is permitted should the Partnership's pro forma trailing-twelve-month Total-Indebtedness-to-Consolidated-Cash-Flow Ratio be less than or equal to 4.75x.

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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(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.

We have entered into several interest rate swaps that fix all of our variable rate term-debt payments. As of March 30, 2014, we have $800 million of variable-rate debt to fixed rates swaps that mature in December 2015 and fix LIBOR at a weighted average rate of 2.38%. These swaps have been de-designated as cash flow hedges. During the third quarter and fourth quarter of 2013, we entered into four forward-starting interest rate swap agreements that will effectively convert $500 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 2.94%.

Fair Value of Derivative Instruments and the Classification in Condensed Consolidated Balance Sheet:

(In thousands)	Condensed Consolidated Balance Sheet Location	Fair Value as of			Fair Value as of			Fair Value as of
		March 30, 2014			December 31, 2013			March 31, 2013
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(6,657	)	$	(3,916	)	$	(23,388	)
Total derivatives designated as hedging instruments		$	(6,657	)	$	(3,916	)	$	(23,388	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(21,132	)	$	(22,746	)	$	(7,643	)
Total derivatives not designated as hedging instruments		$	(21,132	)	$	(22,746	)	$	(7,643	)
Net derivative liability		$	(27,789	)	$	(26,662	)	$	(31,031	)

Derivatives Designated as Hedging Instruments

Changes in fair value of highly effective hedges are recorded as a component of accumulated other comprehensive loss in the unaudited condensed consolidated balance sheets. Any ineffectiveness is recognized immediately in income. Amounts recorded as a component of accumulated other comprehensive loss are reclassified into earnings in the same period the forecasted transactions affect earnings. As of March 30, 2014 we have no amounts that are forecasted to be reclassified into earnings in the next twelve months. As of March 31, 2013, $600 million of our portfolio qualified for hedge accounting and the fair value of these swaps are reflected in the above table. Subsequently, these derivatives were de-designated in the third quarter of 2013, as the hedge effectiveness testing indicated that these swaps would be ineffective throughout the remaining periods until maturity.

Derivatives Not Designated as Hedging Instruments

Certain interest rate swap contracts were deemed ineffective in prior years and no longer qualified for hedge accounting. As a result of discontinued hedge accounting, the instruments are prospectively adjusted to fair value each reporting period through Net effect of swaps on the unaudited condensed consolidated statements of operations and comprehensive income. The amounts that were previously recorded as a component of accumulated other comprehensive loss prior to the de-designation are reclassified to earnings and a corresponding realized gain or loss will be recognized when the forecasted cash flow occurs. As of March 30, 2014, approximately $11.8 million of losses remain in accumulated comprehensive loss related to the effective cash flow hedge contracts prior to de-designation. We estimate that losses of $7.9 million will be reclassified to earnings within the next 12 months. As of March 31, 2013, $200 million of the derivative portfolio did not qualify for hedge accounting as the amount of variable rate debt decreased to less than the total amount of our derivative portfolio, and the fair value of these swaps are reflected in the above table.

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The following table presents our derivative portfolio 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	%

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended March 30, 2014 and March 31, 2013:

(In thousands)	Amount of Gain (Loss) Recognized in  Accumulated OCI on Derivatives (Effective Portion)					Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)						Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Three months ended			Three months ended			Three months ended		Three months ended				Three months ended		Three months ended
	3/30/14			3/31/13			3/30/14		3/31/13				3/30/14		3/31/13
Interest rate swaps	$	(2,742	)	$	2,266	Interest Expense	$	—	$	(2,797	)	Net effect of swaps	$	—	$	435

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Three months ended		Three months ended
		3/30/14		3/31/13
Interest rate swaps	Net effect of swaps	1,617		(1,471		)
		$	1,617	$	(1,471	)

During the quarter ended March 30, 2014, in addition to gains of $1.6 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 $0.4 million recorded in “Net effect of swaps.”

For the three-month period ended March 31, 2013, in addition to the $435 thousand gain recognized in income on the ineffective portion of derivatives and $1.5 million loss recognized in income 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 $330 thousand of expense representing the amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations. The effect of these amounts resulted in a charge to earnings of $9.2 million recorded in “Net effect of swaps.”

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Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the twelve-month periods ended March 30, 2014 and March 31, 2013:

(In thousands)	Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)					Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)							Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Twelve months ended			Twelve months ended			Twelve months ended			Twelve months ended				Twelve months ended		Twelve months ended
	3/30/14			3/31/13			3/30/14			3/31/13				3/30/14		3/31/13
Interest rate swaps	$	(6,658	)	$	2,286	Interest Expense	$	(2,797	)	$	(12,031	)	Net effect of swaps	$	3,268	$	435

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Twelve months ended		Twelve months ended
		3/30/14		3/31/13
Interest rate swaps	Net effect of swaps	6,635		(1,471		)
		$	6,635	$	(1,471	)

In addition to the $3.3 million gain recognized in income on the ineffective portion of derivatives and $6.6 million gain recognized in income on derivatives not designated as cash flow hedges (as noted in the tables above), $7.9 million of expense representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended March 30, 2014 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 $2.0 million recorded in “Net effect of swaps.”

For the twelve-month period ending March 31, 2013, in addition to the $435 thousand gain recognized in income on the ineffective portion of designated derivatives and $1.5 million of loss recognized in income on the derivatives not designated as cash flow hedges as noted in the tables above, $7.8 million of expense related to the write off of OCI balances on our May 2011 swaps and $192 thousand of income representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended March 31, 2013 in the condensed consolidated statements of operations. The net effect of these amounts resulted in expense for the trailing twelve month period of $8.7 million recorded in “Net effect of swaps.”

(7) Fair Value Measurements:

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

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

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

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

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

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

The table below presents the balances of assets and liabilities measured at fair value as of March 30, 2014, December 31, 2013, and March 31, 2013 on a recurring basis:

	Total			Level 1		Level 2			Level 3
March 30, 2014
(In thousands)
Interest rate swap agreements (1)	$	(6,657	)	$	—	$	(6,657	)	$	—
Interest rate swap agreements (2)	(21,132		)	—		(21,132		)	—
Net derivative liability	$	(27,789	)	$	—	$	(27,789	)	$	—
December 31, 2013
Interest rate swap agreements (1)	$	(3,916	)	$	—	$	(3,916	)	$	—
Interest rate swap agreements (2)	$	(22,746	)	$	—	$	(22,746	)	$	—
Net derivative liability	$	(26,662	)	$	—	$	(26,662	)	$	—
March 31, 2013
Interest rate swap agreements (1)	$	(23,388	)	$	—	$	(23,388	)	$	—
Interest rate swap agreements (2)	$	(7,643	)	$	—	$	(7,643	)	$	—
Net derivative liability	$	(31,031	)	$	—	$	(31,031	)	$	—

(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 $0.6 million as of March 30, 2014.

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 March 30, 2014 or March 31, 2013, 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.

The fair value of term debt at March 30, 2014 was approximately $618.9 million based on borrowing rates currently available to the Partnership on long-term debt with similar terms and average maturities. The fair value of the Partnership's notes at March 30, 2014 was approximately $938.6 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						Twelve months ended
	3/30/2014			3/31/2013			3/30/2014		3/31/2013
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,500			55,854			55,531		55,694
Effect of dilutive units:
Unit options and restricted unit awards	—			—			209		63
Phantom units	—			—			170		299
Diluted weighted average units outstanding	55,500			55,854			55,910		56,056
Net income per unit - basic	$	(1.51	)	$	(1.95	)	$	2.41	$	1.04
Net income per unit - diluted	$	(1.51	)	$	(1.95	)	$	2.39	$	1.04

The effect of out-of-the-money and/or antidilutive unit options on the three and twelve months ended March 30, 2014 and March 31, 2013, respectively, had they not been out of the money or antidilutive, would have been immaterial in all periods presented.

(9) Income and Partnership Taxes:

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

As of the first quarter of 2014 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.

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(11) 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- and twelve-month periods ended March 30, 2014 and March 31, 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 December 31, 2013		$	(15,013	)	$	5	$	(15,008	)
Other comprehensive income before reclassifications, net of tax $413 and ($932), respectively		(2,328		)	1,621		(707		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($307) (2)		1,678			—		1,678
Net other comprehensive income		(650		)	1,621		971
March 30, 2014		$	(15,663	)	$	1,626	$	(14,037	)

(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, net of tax $326 and ($174), respectively		1,940			301			2,241
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,229) (2)		6,945			—			6,945
Net other comprehensive income		8,885			301			9,186
March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)

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

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

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	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)
Other comprehensive income before reclassifications, net of tax $1,144 and ($2,343), respectively		(5,514		)	4,076			(1,438		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,228) (2)		6,715			—			6,715
Net other comprehensive income		1,201			4,076			5,277
March 30, 2014		$	(15,663	)	$	1,626		$	(14,037	)

(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 March 25, 2012		$	(25,549	)	$	(4,289	)	$	(29,838	)
Other comprehensive income before reclassifications, net of tax ($298) and ($1,058), respectively		1,988			1,839			3,827
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,445) (2)		6,697			—			6,697
Net other comprehensive income		8,685			1,839			10,524
March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)

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

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

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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 3/30/14			3 months ended 3/31/13			12 months ended 3/30/14			12 months ended 3/31/13
Interest rate contracts	$	1,985		$	8,174		$	7,943		$	8,142		Net effect of swaps
	$	1,985		$	8,174		$	7,943		$	8,142		Total before tax
	(307		)	(1,229		)	(1,228		)	(1,445		)	Benefit for taxes
	$	1,678		$	6,945		$	6,715		$	6,697		Net of tax

(1) Amounts in parentheses indicate debits.

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(12) Consolidating Financial Information of Guarantors and Issuers:

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

The following consolidating schedules present condensed financial information for Cedar Fair, L.P., Cedar Canada, and Magnum, the co-issuers, and each 100% owned subsidiary of Cedar Fair (other than Cedar Canada and Magnum), the guarantors (on a combined basis), as of March 30, 2014, December 31, 2013, and March 31, 2013 and for the three and twelve month periods ended March 30, 2014 and March 31, 2013. In lieu of providing separate unaudited financial statements for the guarantor subsidiaries, the Partnership has included the accompanying condensed consolidating financial statements.

The Partnership adopted 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" as of January 1, 2014. The debt disclosed on the unaudited balance sheets as of March 31, 2014, December 31, 2013 and March 31, 2013 reflect the adoption of this guidance. For the periods ended December 31, 2013 and March 31, 2013, the debt disclosed and related items have been adjusted to reflect only the amounts of debt Cedar Fair, L.P, Cedar Canada, and Magnum have recorded on their books.

In addition to making the retrospective adjustments to the balance sheets related to the adoption of ASU 2013-14, the Unaudited Condensed Consolidating Statements of Cash Flows for the three and twelve month periods ended March 31, 2013 have been revised to correct the presentation of income from investments in affiliates and other intercompany transactions as an adjustment to cash flows from operating activities. We previously reported the following amounts as cash flows from (for) investing activities.

(in thousands)	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries		Eliminations			Total
Three months ended March 31, 2013
Investment in joint ventures and affiliates	$	65,636	$	58,171		$	(2,442	)	$	32,098	$	(153,463	)	$	—
Twelve months ended March 31, 2013
Investment in joint ventures and affiliates	43,043		(49,642		)	(2,479		)	4,568		4,510			—

In addition, the Unaudited Condensed Consolidating Statement of Cash Flows for the twelve month period ended March 31, 2013 has been revised to correct the presentation of cash received by a co-issuer subsidiary (Magnum), related to intercompany term debt as cash flows from investing activities. We previously reported an $104.2 million intercompany term debt receipt as cash flows from financing activities.

These revisions had no effect on the Partnership's Unaudited Condensed Consolidated Balance Sheets, Statements of Operations and Comprehensive Income, Statements of Partner's Equity, or Statements of Cash Flows.

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CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 30, 2014

(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	$	—	$	571	$	3,524	$	4,772	$	—		$	8,867
Receivables	59		96,547		76,669		530,662		(684,307		)	19,630
Inventories	—		3,794		2,841		31,629		—			38,264
Current deferred tax asset	—		22,409		800		3,444		—			26,653
Other current assets	325		10,578		5,589		15,891		(2,363		)	30,020
	384		133,899		89,423		586,398		(686,670		)	123,434
Property and Equipment (net)	455,780		8,110		240,175		829,897		—			1,533,962
Investment in Park	443,179		744,425		138,604		35,052		(1,361,260		)	—
Goodwill	9,061		—		113,249		111,218		—			233,528
Other Intangibles, net	—		—		16,037		22,883		—			38,920
Deferred Tax Asset	—		30,296		—		117		(30,413		)	—
Intercompany Receivable	—		—		—		—		—			—
Other Assets	12,213		22,179		6,087		2,912		—			43,391
	$	920,617	$	938,909	$	603,575	$	1,588,477	$	(2,078,343	)	$	1,973,235
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	827	$	590	$	33	$	—	$	—		$	1,450
Accounts payable	173,364		230,516		10,818		314,637		(684,307		)	45,028
Deferred revenue	—		85		4,048		66,015		—			70,148
Accrued interest	2,580		1,567		5,926		—		—			10,073
Accrued taxes	4,757		849		—		3,209		(2,363		)	6,452
Accrued salaries, wages and benefits	—		18,183		503		5,833		—			24,519
Self-insurance reserves	—		5,431		1,664		15,601		—			22,696
Other accrued liabilities	280		3,086		125		1,405		—			4,896
	181,808		260,307		23,117		406,700		(686,670		)	185,262
Deferred Tax Liability	—		—		56,045		131,649		(30,413		)	157,281
Derivative Liability	16,281		11,508		—		—		—			27,789
Other Liabilities	—		4,358		—		3,397		—			7,755
Long-Term Debt:
Revolving credit loans	55,000		—		—		—		—			55,000
Term debt	351,840		251,371		14,189		—		—			617,400
Notes	294,897		205,103		401,957		—		—			901,957
	701,737		456,474		416,146		—		—			1,574,357
Equity	20,791		206,262		108,267		1,046,731		(1,361,260		)	20,791
	$	920,617	$	938,909	$	603,575	$	1,588,477	$	(2,078,343	)	$	1,973,235

20

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	75,000	$	4,144	$	35,575	$	3,337	$	—		$	118,056
Receivables	6		115,972		67,829		552,633		(715,107		)	21,333
Inventories	—		1,968		1,898		22,214		—			26,080
Current deferred tax asset	—		5,430		800		3,445		—			9,675
Other current assets	599		4,443		14,266		7,764		(15,719		)	11,353
	75,605		131,957		120,368		589,393		(730,826		)	186,497
Property and Equipment (net)	447,724		976		243,208		813,855		—			1,505,763
Investment in Park	514,948		796,735		142,668		63,948		(1,518,299		)	—
Goodwill	9,061		—		117,810		111,218		—			238,089
Other Intangibles, net	—		—		16,683		22,788		—			39,471
Deferred Tax Asset	—		31,122		—		117		(31,239		)	—
Other Assets	25,210		10,002		6,657		2,938		—			44,807
	$	1,072,548	$	970,792	$	647,394	$	1,604,257	$	(2,280,364	)	$	2,014,627
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	259,850	$	188,818	$	17,632	$	262,029	$	(715,107	)	$	13,222
Deferred revenue	—		—		2,815		41,706		—			44,521
Accrued interest	4,637		3,223		15,341		—		—			23,201
Accrued taxes	4,609		—		—		30,591		(15,719		)	19,481
Accrued salaries, wages and benefits	—		21,596		1,101		6,503		—			29,200
Self-insurance reserves	—		5,757		1,742		16,154		—			23,653
Other accrued liabilities	1,146		2,993		181		1,201		—			5,521
	270,242		222,387		38,812		358,184		(730,826		)	158,799
Deferred Tax Liability	—		—		57,704		131,648		(31,239		)	158,113
Derivative Liability	15,610		11,052		—		—		—			26,662
Other Liabilities	—		7,858		—		3,432		—			11,290
Long-Term Debt:
Term debt	352,668		251,961		14,221		—		—			618,850
Notes	294,897		205,103		401,782		—		—			901,782
	647,565		457,064		416,003		—		—			1,520,632
Equity	139,131		272,431		134,875		1,110,993		(1,518,299		)	139,131
	$	1,072,548	$	970,792	$	647,394	$	1,604,257	$	(2,280,364	)	$	2,014,627

21

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	732	$	4,125	$	5,181	$	—		$	10,038
Receivables	682		79,472		67,302		436,595		(570,709		)	13,342
Inventories	—		3,645		3,032		32,386		—			39,063
Current deferred tax asset	—		31,543		816		3,663		—			36,022
Other current assets	207		9,630		1,618		16,260		—			27,715
	889		125,022		76,893		494,085		(570,709		)	126,180
Property and Equipment (net)	457,484		1,003		262,941		849,424		—			1,570,852
Investment in Park	419,501		714,013		115,401		21,689		(1,270,604		)	—
Goodwill	9,061		—		123,374		111,218		—			243,653
Other Intangibles, net	—		—		17,470		22,853		—			40,323
Deferred Tax Asset	—		34,890		—		90		(34,980		)	—
Other Assets	14,581		10,291		7,473		2,303		—			34,648
	$	901,516	$	885,219	$	603,552	$	1,501,662	$	(1,876,293	)	$	2,015,656
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	3,332	$	2,823	$	145	$	—	$	—		$	6,300
Accounts payable	103,654		215,425		3,891		285,182		(570,709		)	37,443
Deferred revenue	—		—		6,679		59,505		—			66,184
Accrued interest	1,444		916		5,979		—		—			8,339
Accrued taxes	4,790		390		331		3,489		—			9,000
Accrued salaries, wages and benefits	—		13,483		1,095		5,604		—			20,182
Self-insurance reserves	—		5,324		1,696		16,537		—			23,557
Other accrued liabilities	589		5,161		133		1,984		—			7,867
	113,809		243,522		19,949		372,301		(570,709		)	178,872
Deferred Tax Liability	—		—		62,700		126,867		(34,980		)	154,587
Derivative Liability	18,594		12,437		—		—		—			31,031
Other Liabilities	—		4,185		—		3,500		—			7,685
Long-Term Debt:
Revolving credit loans	96,000		—		—		—		—			96,000
Term debt	355,690		253,677		14,333		—		—			623,700
Notes	294,897		205,103		401,255		—		—			901,255
	746,587		458,780		415,588		—		—			1,620,955
Equity	22,526		166,295		105,315		998,994		(1,270,604		)	22,526
	$	901,516	$	885,219	$	603,552	$	1,501,662	$	(1,876,293	)	$	2,015,656

22

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 30, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	4,755		$	8,679		$	151		$	40,312		$	(13,431	)	$	40,466
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			1			4,984			—			4,985
Operating expenses	1,348			22,462			6,937			63,034			(13,431		)	80,350
Selling, general and administrative	1,396			16,672			873			2,463			—			21,404
Depreciation and amortization	474			9			—			3,824			—			4,307
Gain on sale of other assets	—			—			—			—			—			—
Loss on impairment / retirement of fixed assets, net	249			—			—			748			—			997
	3,467			39,143			7,811			75,053			(13,431		)	112,043
Operating income	1,288			(30,464		)	(7,660		)	(34,741		)	—			(71,577		)
Interest expense (income), net	10,199			7,011			9,468			(2,019		)	—			24,659
Net effect of swaps	194			177			—			—			—			371
Unrealized / realized foreign currency gain	—			—			17,184			—			—			17,184
Other (income) expense	187			(3,274		)	374			2,713			—			—
Loss from investment in affiliates	73,588			47,143			4,064			28,244			(153,039		)	—
Loss before taxes	(82,880		)	(81,521		)	(38,750		)	(63,679		)	153,039			(113,791		)
Provision (benefit) for taxes	660			(10,422		)	(10,506		)	(9,983		)	—			(30,251		)
Net loss	$	(83,540	)	$	(71,099	)	$	(28,244	)	$	(53,696	)	$	153,039		$	(83,540	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,621			—			1,621			—			(1,621		)	1,621
Unrealized income (loss) on cash flow hedging derivatives	(650		)	(173		)	—			—			173			(650		)
Other comprehensive income (loss), (net of tax)	971			(173		)	1,621			—			(1,448		)	971
Total Comprehensive Income	$	(82,569	)	$	(71,272	)	$	(26,623	)	$	(53,696	)	$	151,591		$	(82,569	)

23

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2013

(In thousands)

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

24

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended March 30, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,907		$	296,385		$	127,554		$	1,005,271		$	(448,878	)	$	1,133,239
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			9,323			82,397			—			91,720
Operating expenses	5,928			184,460			48,766			685,761			(448,878		)	476,037
Selling, general and administrative	5,821			100,884			11,146			34,926			—			152,777
Depreciation and amortization	36,806			37			17,333			67,832			—			122,008
(Gain) on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	637			—			1			2,298			—			2,936
	49,192			285,381			86,569			864,471			(448,878		)	836,735
Operating income	103,715			11,004			40,985			140,800			—			296,504
Interest (income) expense, net	42,317			28,209			39,080			(7,753		)	—			101,853
Net effect of swaps	(1,251		)	(706		)	—			—			—			(1,957		)
Loss on early debt extinguishment	—			—			—			—			—			—
Unrealized / realized foreign currency loss	—			—			37,167			—			—			37,167
Other (income) expense	749			(12,143		)	3,253			8,141			—			—
Income (loss) from investment in affiliates	(82,065		)	(26,017		)	(16,894		)	9,494			115,482			—
Income (loss) before taxes	143,965			21,661			(21,621		)	130,918			(115,482		)	159,441
Provision (benefit) for taxes	10,175			(4,890		)	(12,108		)	32,474			—			25,651
Net income (loss)	$	133,790		$	26,551		$	(9,513	)	$	98,444		$	(115,482	)	$	133,790
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	4,076			—			4,076			—			(4,076		)	4,076
Unrealized income on cash flow hedging derivatives	1,201			140			—			—			(140		)	1,201
Other comprehensive income, (net of tax)	5,277			140			4,076			—			(4,216		)	5,277
Total Comprehensive Income	$	139,067		$	26,691		$	(5,437	)	$	98,444		$	(119,698	)	$	139,067

25

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended March 31, 2013

(In thousands)

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

26

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 30, 2014

(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	$	(73,627	)	$	(3,001	)	$	(26,042	)	$	20,317		$	(903	)	$	(83,256	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Capital expenditures	(16,379		)	(4		)	(5,077		)	(18,882		)	—			(40,342		)
Net cash from investing activities	(16,379		)	(4		)	(5,077		)	(18,882		)	—			(40,342		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	55,000			—			—			—			—			55,000
Distributions paid	(39,994		)	—			—			—			903			(39,091		)
Excess tax benefit from unit-based compensation expense	—			(568		)	—			—			—			(568		)
Net cash (for) financing activities	15,006			(568		)	—			—			903			15,341
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(932		)	—			—			(932		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(75,000		)	(3,573		)	(32,051		)	1,435			—			(109,189		)
Balance, beginning of period	75,000			4,144			35,575			3,337			—			118,056
Balance, end of period	$	—		$	571		$	3,524		$	4,772		$	—		$	8,867

27

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)				Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations		Total
NET CASH FROM OPERATING ACTIVITIES	$	(52,034	)	$	8,508			$	(44,472	)	$	19,331		$	—	$	(68,667	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Capital expenditures	(17,866		)	—				(600		)	(17,363		)	—		(35,829		)
Net cash (for) investing activities	(17,866		)	—				(600		)	(17,363		)	—		(35,829		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	96,000			—				—			—			—		96,000
Term debt borrowings	359,022			256,500			—	14,478			—			—		630,000
Note borrowings	294,897			205,103				—			—			—		500,000
Payment of debt issuance costs	(14,763		)	(8,538		)		(190		)	—			—		(23,491		)
Term debt payments, including early termination penalties	(654,568		)	(462,054		)		(14,478		)	—			—		(1,131,100		)
Distributions paid	(35,688		)	868				—			—			—		(34,820		)
Exercise of limited partnership unit options	—			28				—			—			—		28
Excess tax benefit from unit-based compensation expense	—			(127		)		—			—			—		(127		)
Net cash from (for) financing activities	44,900			(8,220		)		(190		)	—			—		36,490
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				(786		)	—			—		(786		)
CASH AND CASH EQUIVALENTS
Net increase for the period	(25,000		)	288				(46,048		)	1,968			—		(68,792		)
Balance, beginning of period	25,000			444				50,173			3,213			—		78,830
Balance, end of period	$	—		$	732			$	4,125		$	5,181		$	—	$	10,038

28

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 30, 2014

(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	$	253,410		$	3,318		$	15,737		$	40,148		$	(3,531	)	$	309,082
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Sale of other assets	—			—			—			15,297			—			15,297
Capital expenditures	(54,767		)	(4		)	(14,201		)	(55,854		)	—			(124,826		)
Net cash (for) investing activities	(54,767		)	(4		)	(14,201		)	(40,557		)	—			(109,529		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(41,000		)	—			—			—			—			(41,000		)
Term debt payments, including early termination penalties	(6,612		)	(4,281		)	(257		)	—			—			(11,150		)
Distributions paid	(151,259		)	—			—			—			3,531			(147,728		)
Exercise of limited partnership unit options	—			24			—			—			—			24
Payment of debt issuance costs	228			368			(354		)	—			—			242
Excess tax benefit from unit-based compensation expense	—			414			—			—			—			414
Net cash (for) financing activities	(198,643		)	(3,475		)	(611		)	—			3,531			(199,198		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(1,526		)	—			—			(1,526		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			(161		)	(601		)	(409		)	—			(1,171		)
Balance, beginning of period	—			732			4,125			5,181			—			10,038
Balance, end of period	$	—		$	571		$	3,524		$	4,772		$	—		$	8,867

29

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	231,264		$	(87,117	)	$	14,067		$	139,733		$	—		$	297,947
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany term debt receipts	—			104,165			—			—			(104,165		)	—
Sale of other assets	1,173			—			—			14,885			—			16,058
Capital expenditures	(43,156		)	(8		)	(8,023		)	(52,075		)	—			(103,262		)
Net cash (for) investing activities	(41,983		)	104,157			(8,023		)	(37,190		)	(104,165		)	(87,204		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(57,000		)	—			(2,004		)	—			—			(59,004		)
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Intercompany term debt payments	—			—			—			(104,165		)	104,165			—
Term debt payments, including early termination penalties	(669,035		)	(472,267		)	(14,798		)	—			—			(1,156,100		)
Distributions paid	(102,402		)	920			—			—			—			(101,482		)
Payment of debt issuance costs	(14,763		)	(8,537		)	(191		)	—			—			(23,491		)
Exercise of limited partnership unit options	—			57			—			—			—			57
Excess tax benefit from unit-based compensation	—			1,519			—			—			—			1,519
Net cash from (for) financing activities	(189,281		)	(16,705		)	(2,515		)	(104,165		)	104,165			(208,501		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			477			—			—			477
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			335			4,006			(1,622		)	—			2,719
Balance, beginning of period	—			397			119			6,803			—			7,319
Balance, end of period	$	—		$	732		$	4,125		$	5,181		$	—		$	10,038

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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:

•Impairment of Long-Lived Assets

•Goodwill and Other Intangible Assets

•Self-Insurance Reserves

•Derivative Financial Instruments

•Revenue Recognition

• Income Taxes

In the first quarter of 2014, there were no changes in the above critical accounting policies previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2013.

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.

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The table below sets forth a reconciliation of Adjusted EBITDA to net income for the three- and twelve-month periods ended March 30, 2014 and March 31, 2013.

	Three months ended						Twelve months ended
	3/30/2014			3/31/2013			3/30/2014			3/31/2013
	(13 weeks)			(13 weeks)			(52 weeks)			(53 weeks)
	(In thousands)
Net income (loss)	$	(83,540	)	$	(109,126	)	$	133,790		$	58,145
Interest expense	24,732			25,763			102,040			109,579
Interest income	(73		)	(40		)	(187		)	(92		)
Provision (benefit) for taxes	(30,251		)	(35,659		)	25,651			17,638
Depreciation and amortization	4,307			4,786			122,008			127,013
EBITDA	(84,825		)	(114,276		)	383,302			312,283
Loss on early extinguishment of debt	—			34,573			—			34,573
Net effect of swaps	371			9,211			(1,957		)	8,689
Unrealized foreign currency loss	17,182			8,881			37,386			7,949
Non-cash equity expense	3,956			2,933			6,558			4,498
Loss on impairment/retirement of fixed assets, net	997			600			2,936			30,844
Gain on sale of other assets	—			—			(8,743		)	(6,625		)
Other non-recurring items (as defined) (1)	354			805			1,256			3,264
Adjusted EBITDA	$	(61,965	)	$	(57,273	)	$	420,738		$	395,475
(1) The Company's 2013 Credit Agreement references certain costs as non-recurring or unusual. These items are excluded in the calculation of Adjusted EBITDA and have included certain litigation expenses, contract termination costs, and severance expense.

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Results of Operations:

First Quarter -

Operating results for the first quarter historically include less than 5% of our full-year revenues and attendance. The results include normal off-season operating, maintenance and administrative expenses at our ten seasonal amusement parks and three outdoor water parks, as well as daily operations at Knott's Berry Farm, which is open year-round, and Castaway Bay, which is generally open daily from Memorial Day to Labor Day plus a limited daily schedule for the balance of the year. The current quarter included a total of 94 operating days compared to 117 operating days during the first quarter of 2013. The decrease in operating days was due to the sale of a water park during 2013 and the shift in the Easter and Spring Break holidays from the first quarter in 2013 to the second quarter in 2014.

The following table presents key financial information for the three months ended March 30, 2014 and March 31, 2013:

	Three months ended			Three months ended			Increase (Decrease)
	3/30/2014			3/31/2013			$			%
	(13 weeks)			(13 weeks)
	(Amounts in thousands)
Net revenues	$	40,466		$	41,799		$	(1,333	)	(3.2	)%
Operating costs and expenses	106,739			102,733			4,006			3.9	%
Depreciation and amortization	4,307			4,786			(479		)	(10.0	)%
Loss on impairment / retirement of fixed assets	997			600			397			N/M
Operating loss	$	(71,577	)	$	(66,320	)	$	(5,257	)	7.9	%
N/M - Not meaningful
Other Data:
Adjusted EBITDA	$	(61,965	)	$	(57,273	)	$	(4,692	)	8.2	%

For the quarter ended March 30, 2014, net revenues decreased 3%, or $1.3 million, to $40.5 million from $41.8 million in the first quarter of 2013. The decrease between periods was entirely due to the shift of the Easter and Spring Break holidays to the second quarter of 2014 from the first quarter of 2013. The impact of the calendar shift was partially offset by strong early season performance at Knott's Berry Farm. At the end of the first quarter of 2014, only three of our 14 properties were in operation. The other parks, including three of our larger parks, Cedar Point and Kings Island located in Ohio and Canada's Wonderland in Toronto, were in the final stages of preparing to open for the 2014 operating season.

Operating costs and expenses for the quarter increased $4.0 million to $106.7 million from $102.7 million in 2013 and were in line with expectations. Operating results for the first quarter include normal off-season operating, maintenance and administrative expenses at our seasonal amusement and water parks, and daily operations at Knott’s Berry Farm and Castaway Bay. The increase in first-quarter costs reflects a $3.7 million increase in operating expenses and a slight increase in selling, general and administrative ("SG&A") expenses. The cost of food, merchandise and games revenues for the period were flat compared to a year ago. The $3.7 million increase in operating expenses was due primarily to budgeted increases in maintenance expense as we continue to invest in the infrastructure of our parks, as well as an increase in maintenance labor and other employee related expenses. Additionally, utility costs increased due to the harsh winter experienced at several of our parks.

Depreciation and amortization expense for the quarter decreased $0.5 million primarily due to the shifting of the operating calendar. Loss on impairment/retirement of fixed assets for the current period was $1.0 million compared to $0.6 million during the first quarter of 2013, reflecting losses on the retirement of assets across several of our parks. After depreciation, amortization, loss on impairment / retirement of fixed assets, and all other non-cash costs, operating loss in the first quarter of 2014 increased $5.3 million to $71.6 million from an operating loss of $66.3 million in the first quarter of 2013.

Interest expense for the first quarter of 2014 was $24.7 million, representing a $1.0 million decrease from interest expense for the first quarter of 2013. 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.

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During the 2014 first quarter, the net effect of our swaps resulted in a $0.4 million non-cash charge to earnings, compared to a non-cash charge to earnings of $9.2 million in the first quarter of 2013. 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, along with the write off of amounts in AOCI related to de-designated interest rate swaps. During the 2014 first quarter, we also recognized a $17.2 million net charge to earnings for unrealized/realized foreign currency losses, which included a $16.3 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 related to our 2010 and 2011 financings were written off, resulting in a $34.6 million charge to earnings in the first quarter of 2013.

During the quarter, a benefit for taxes of $30.3 million was recorded to account for PTP taxes and the tax attributes of our corporate subsidiaries, compared to a benefit for taxes of $35.7 million in the same period a year ago. The decrease in tax benefit recorded relates to the combination of a decrease in the pre-tax net loss for the period and a decrease in the effective tax rate.

After interest expense and the benefit for taxes, net loss for the quarter totaled $83.5 million, or $1.51 per diluted limited partner unit, compared with a net loss of $109.1 million, or $1.95 per diluted unit, for the first quarter a year ago.

Twelve Months Ended March 30, 2014 -

The fiscal twelve-month period ended March 30, 2014, consisted of a 52-week period and 2,118 operating days, compared with 53 weeks and 2,403 operating days for the fiscal twelve-month period ended March 31, 2013. 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 calendar shift of the Easter and Spring Break holidays in 2014 described above.

The following table presents key financial information for the twelve months ended March 30, 2014 and March 31, 2013:

	Twelve months ended			Twelve months ended			Increase (Decrease)
	3/30/2014			3/31/2013			$			%
	(52 weeks)			(53 weeks)
	(Amounts in thousands)
Net revenues	$	1,133,239		$	1,082,055		$	51,184		4.7	%
Operating costs and expenses	720,534			694,139			26,395			3.8	%
Depreciation and amortization	122,008			127,013			(5,005		)	(3.9	)%
Gain on sale of other assets	(8,743		)	(6,625		)	(2,118		)	N/M
Loss on impairment/retirement of fixed assets	2,936			30,844			(27,908		)	N/M
Operating income	$	296,504		$	236,684		$	59,820		25.3	%
N/M - Not meaningful
Other Data:
Adjusted EBITDA	$	420,738		$	395,475		$	25,263		6.4	%
Adjusted EBITDA margin	37.1		%	36.5		%	—			0.6	%

Net revenues totaled $1,133.2 million for the twelve months ended March 30, 2014, increasing $51.1 million, from $1,082.1 million for the trailing twelve months ended March 31, 2013. The 5% increase in revenues for the twelve-month period was driven by an increase in average in-park guest per capita spending, the result of a stronger admissions per cap and improved in-park spending. The increase in 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 primarily due to the sale of two non-core water parks during the current twelve-month period. Excluding the sale of the two water parks, attendance would have increased . Out-of-park revenues increased $6.4 million primarily due to the strong performance of our resort properties, which drove higher average daily room rates and occupancy rates.

Operating costs and expenses increased $26.4 million, or 4%, to $720.5 million, from $694.1 million for the twelve-month period ended March 31, 2013. The increase in costs and expenses reflects a $19.3 million increase in operating expenses and a $11.4 million increase in SG&A costs, somewhat offset by a decrease in cost of goods sold of $4.3 million. The decrease of 4% in cost of goods sold was primarily driven by food and beverage efficiency initiatives. The increase in operating costs was due to higher normal operating and maintenance expense, enhancements to park infrastructure, and increased employment related costs including

34

performance bonuses. SG&A costs increased due to full-time labor and benefit costs, including incentive compensation, and advertising agency and consumer relationship management database development costs. Exchange rates had a favorable impact ($4.6 million) on costs and expenses at our Canadian operations during the period.

For the twelve-month period ended March 30, 2014, the gain on sale of other assets was $8.7 million due to the sale of one non-core water park during 2013. Gain on sale of other assets totaled $6.6 million for the twelve-month period ending March 31, 2013, reflecting the sale of two non-core assets during the period. Loss on impairment/retirement of fixed assets for the period was $2.9 million, due to asset retirements across all of our properties. Loss on impairment/retirement of fixed assets during the period ended March 31, 2013 totaled $30.8 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 asset retirements across all of our properties.

Depreciation and amortization expense for the period decreased $5.0 million compared with the prior period due primarily to several significant assets being fully depreciated at the end of 2012 and the later opening of parks for the 2014 operating season when compared to 2013. After depreciation and amortization, as well as impairment charges and all other non-cash costs, operating income for the current period increased $59.8 million to $296.5 million from $236.7 million.

Interest expense for the twelve months ended March 30, 2014 decreased $7.6 million to $102.0 million, from $109.6 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, a lower average cost resulting from the March 2013 refinancing and a decrease in non-cash amortization expense resulting from the write-off of loan fees related to our prior credit agreement.

During the current twelve-month period, the net effect of our interest rate swaps was recorded as a benefit to earnings of $2.0 million compared to a charge to earnings of $8.7 million in the prior twelve-month period. The difference reflects the regularly scheduled amortization of amounts in AOCI, 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 $37.2 million charge to earnings for unrealized/realized foreign currency losses, which included a $35.5 million unrealized foreign currency loss on the U.S.-dollar denominated debt held at our Canadian property. During the twelve months ended March 31, 2013, as a result of 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 $25.7 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 $17.6 million in twelve-month period ended March 31, 2013. The increase in tax provision recorded relates to the combination of an increase in pre-tax net income for the period, offset somewhat by a decrease in the effective tax rate.

After interest expense and provision for taxes, net income for the period totaled $133.8 million, or $2.39 per diluted limited partner unit, compared with net income of $58.1 million, or $1.04 per diluted unit, a year ago.

We believe Adjusted EBITDA is a meaningful measure of our operating results (for additional information regarding Adjusted EBITDA, including how we define and use Adjusted EBITDA, as well as a reconciliation from net income, see pages 31-32). For the twelve-month period ended March 30, 2014, Adjusted EBITDA increased $25.3 million, or 6%, to $420.7 million. Over this same period, our Adjusted EBITDA margin (Adjusted EBITDA divided by net revenues) increased 60 bps to 37.1% from 36.5% for the twelve-month period ended March 31, 2013. The increase in Adjusted EBITDA was primarily due to the success of high-margin revenue initiatives during the period, such as growth in our premium benefit offerings and our admission pricing, combined with another year of growth in our season pass base and a continued focus on controlling operating costs at the park level.

Liquidity and Capital Resources:

With respect to both liquidity and cash flow, we ended the first quarter of 2014 in sound condition. The negative working capital ratio (current liabilities divided by current assets) of 1.5 at March 30, 2014 is the result of normal seasonal activity. Receivables, inventories, and payables are at normal seasonal levels.

Operating Activities

During the three-month period ended March 30, 2014, net cash used by operating activities increased $14.6 million from the same period a year ago, due primarily to working capital timing differences.

For the twelve-month period ended March 30, 2014 net cash provided by operating activities increased $11.1 million from the same period a year ago, reflective of the year-over-year growth in revenues.

35

Investing Activities

Net cash used in investing activities in the first quarter of 2014 was $40.3 million, an increase of $4.5 million compared with the three-month period ended March 31, 2013, due to greater 2014 capital expenditures.

Net cash used in investing activities for the trailing-twelve-month period ended March 30, 2014 totaled $109.5 million compared with $87.2 million for the same period a year ago. The increase is due to greater capital expenditures in the current twelve-month period.

Financing Activities

Net cash from financing activities in the first three months of 2014 was $15.3 million, a decrease of $21.1 million compared with the three-month period ended March 31, 2013. The decrease was due to lower overall revolver borrowings, net of increases in unitholder distributions.

Net cash used in financing activities in the trailing-twelve-month period ended March 30, 2014 totaled $199.2 million, a decrease of $9.3 million compared with the twelve-month period ended March 31, 2013. The decrease was largely due to a reduction in debt payments and debt issuance costs during the current period, net of increases in unitholder distributions.

As of March 30, 2014, our debt consisted of the following:

• $405 million of 9.125% senior unsecured notes, maturing in 2018, yielding 9.375% due to the notes being issued at a discount in July 2010. 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. The notes pay interest semi-annually in February and August.

• $500 million of 5.25% senior unsecured notes, maturing in 2021, issued at par. 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%. These notes pay interest semi-annually in March and September.

• Senior secured term debt of $618.9 million, maturing in March 2020 under our 2013 Credit Agreement. The term debt bears 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. Due to a prepayment made during 2013, we only have current maturities totaling $1.5 million as of March 30, 2014.

• $55 million in borrowings under the $255 million senior secured revolving credit facility under our 2013 Credit Agreement. 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 that we pay a commitment fee of 38 bps per annum on the unused portion of the credit facilities.

At the end of the quarter, we had a total of $618.9 million of variable-rate term debt (before giving consideration to fixed-rate interest rate swaps), $902.0 million of fixed-rate debt (including OID), $55.0 million in outstanding borrowings under our revolving credit facility, and cash on hand of $8.9 million. After letters of credit, which totaled $16.3 million at March 30, 2014, we had $183.7 million of available borrowings under the revolving credit facility.

We have entered into several interest rate swaps that effectively fix all of our variable-rate debt payments. As of March 30, 2014, we have $800 million of interest rate swaps in place that effectively convert variable-rate debt to fixed rates. These swaps, which mature in December 2015 and fix LIBOR at a weighted average rate of 2.38%, have been de-designated as cash flow hedges. During the third quarter and fourth quarter of 2013, we entered into four forward-starting interest rate swap agreements that will effectively convert $500 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 2.94%. Additional detail regarding our current and historical swap arrangements is provided in Note 6 to our Unaudited Condensed Consolidated Financial Statements and in Note 6 to the Audited Consolidated Financial Statements included in our Form 10-K filed on February 26, 2014.

At March 30, 2014, the fair market value of the derivative portfolio was $27.8 million, which was recorded in “Derivative Liability” on the condensed consolidated balance sheet.

36

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 first quarter of 2014, this ratio was set at 6.25x consolidated total debt (excluding the revolving debt)-to-consolidated EBITDA. The ratio will decrease by 0.25x each second quarter beginning in the second quarter of 2014 until it reaches 5.25x. Based on our trailing-twelve-month results ending March 30, 2014, our Consolidated Leverage Ratio was 3.63x, providing $175.2 million of EBITDA cushion on the ratio at the end of the first quarter. We were in compliance with all other covenants under the 2013 Credit Agreement as of March 30, 2014.

The 2013 Credit Agreement allows restricted payments of up to $60 million annually 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.

The indentures governing our notes also include annual restricted payment limitations and additional permitted payment formulas. The restricted payment provisions applicable to our 2018 notes are more restrictive than those that apply to our 2021 notes. Under the more restrictive indenture covenants, we can make restricted payments of $20 million annually so long as no default or event of default has occurred and is continuing. Our ability to make additional restricted payments in 2013 and beyond is permitted should our pro-forma trailing-twelve-month Total Indebtedness-to-Consolidated-Cash-Flow Ratio be less than or equal to 4.75x.

In accordance with these debt provisions, on February 26, 2014, we announced the declaration of a distribution of $0.70 per limited partner unit, which was paid on March 25, 2014, and on May 8, 2014 we announced the declaration of a distribution of $0.70 per limited partner unit, payable June 16, 2014.

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 $16.3 million in letters of credit, which are primarily in place to backstop insurance arrangements, outstanding on our revolving credit facility as of March 30, 2014. 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.

As of March 30, 2014, we had $902.0 million of fixed-rate senior unsecured notes and $618.9 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 $27 million, a hypothetical 100 bps

37

increase in 30-day LIBOR on our variable-rate debt (not considering the impact of our interest rate swaps) would lead to an increase of approximately $3.8 million in annual cash interest costs.

Assuming a hypothetical 100 bps increase in 30-day LIBOR, the amount of net cash interest paid on our derivative portfolio would decrease by $4.6 million over the next year.

A uniform 10% strengthening of the U.S. dollar relative to the Canadian dollar would result in a $4.2 million decrease in annual operating income.

ITEM 4. CONTROLS AND PROCEDURES

(a)Evaluation of Disclosure Controls and Procedures - 

The Partnership maintains a system of controls and procedures designed to ensure that information required to be disclosed by the Partnership in its reports under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified by the Commission and that such information is accumulated and communicated to the Partnership’s management, including the Chief Executive Officer and the Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. As of March 30, 2014, the Partnership's management, with the participation of the Partnership's Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Partnership's disclosure controls and procedures. Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Partnership's disclosure controls and procedures were effective as of March 30, 2014.

(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 March 30, 2014 that have materially affected, or are reasonably likely to materially affect, the Partnership’s internal control over financial reporting.

On May 14, 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) issued an updated version of its Internal Control - Integrated Framework (2013 Framework). Originally issued in 1992 (1992 Framework), the framework helps organizations design, implement and evaluate the effectiveness of internal control concepts and simplify their use and application. The 1992 Framework remains available during the transition period, which extends to December 15, 2014, after which time COSO will consider it as superseded by the 2013 Framework. As of March 30, 2014, the Partnership continues to utilize the 1992 Framework during the transition to the 2013 Framework by the end of 2014.

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

38

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.  Both parties filed legal briefs with the court setting forth the basis of their legal arguments.  On April 9, 2014, the parties made oral arguments to the Court in support of their respective positions.  Upon the conclusion of the oral arguments the procedural stage of the case was closed and the case was submitted to the court for a final ruling.  The Partnership believes the liability recorded as of March 30, 2014 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, 2013.

39

ITEM 6. EXHIBITS

Exhibit (10.1)	Cedar Fair, L.P. 2008 Omnibus Incentive Plan Performance Award Agreement, dated March 31, 2014, by and between Magnum Management Corporation and Matthew A. Ouimet. Incorporated herein by reference to Exhibit 10.1 to the Registrant's Form 8-K filed on April 4, 2014.
Exhibit (10.2)	Cedar Fair, L.P. 2008 Omnibus Incentive Plan Form of Restricted Unit Award Agreement.
Exhibit (10.3)	Cedar Fair, L.P. 2008 Omnibus Incentive Plan Form of Deferred Unit Award Agreement.
Exhibit (31.1)	Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
Exhibit (31.2)	Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
Exhibit (32)	Certifications Pursuant to 18 U.S.C. 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
Exhibit (101)	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 30, 2014 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.

40

SIGNATURES

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

		CEDAR FAIR, L.P.
		(Registrant)
		By Cedar Fair Management, Inc.
		General Partner
Date:	May 9, 2014	/s/ Matthew A. Ouimet
		Matthew A. Ouimet
		President and Chief Executive Officer
Date:	May 9, 2014	/s/ Brian C. Witherow
		Brian C. Witherow
		Executive Vice President and
		Chief Financial Officer

41

INDEX TO EXHIBITS

Exhibit (10.1)	Cedar Fair, L.P. 2008 Omnibus Incentive Plan Performance Award Agreement, dated March 31, 2014, by and between Magnum Management Corporation and Matthew A. Ouimet. Incorporated herein by reference to Exhibit 10.1 to the Registrant's Form 8-K filed on April 4, 2014.
Exhibit (10.2)	Cedar Fair, L.P. 2008 Omnibus Incentive Plan Form of Restricted Unit Award Agreement.
Exhibit (10.3)	Cedar Fair, L.P. 2008 Omnibus Incentive Plan Form of Deferred Unit Award Agreement.
Exhibit (31.1)	Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
Exhibit (31.2)	Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
Exhibit (32)	Certifications Pursuant to 18 U.S.C. 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
Exhibit (101)	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 30, 2014 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.

42

EX-10.2

Exhibit 10.2

____ - ___

CEDAR FAIR, L.P. 2008 OMNIBUS INCENTIVE PLAN

RESTRICTED UNIT AWARD AGREEMENT

This Restricted Unit Award Agreement (“Agreement”) is made pursuant to the terms and conditions of the Cedar Fair, L.P. 2008 Omnibus Incentive Plan (the “Plan”), including (without limitation) Article VIII, the provisions of which are incorporated into this Agreement by reference. Capitalized terms used herein shall have the meanings ascribed to them in the Plan, unless indicated otherwise.

PARTICIPANT NAME:

GRANT DATE:

TOTAL NUMBER OF RESTRICTED UNITS GRANTED:

RESTRICTED PERIODS: (individually referred to herein as the “Restricted Period”). The Restricted Units granted herein are subject to Restricted Period(s) which shall apply to the identified number of units for the Restricted Period(s) set forth below:

( of the total number of units granted shall be restricted for the period commencing on _______ and expiring on ___________.)

( of the total units granted shall be restricted for the period commencing on ____________ and expiring on __________.)

( of the total units granted shall be restricted for the period commencing on ________ and expiring on _____________.)

1.Restricted Unit AwardIn General. Participant’s Restricted Unit Award (the “Award”) of Restricted Units is subject to Participant’s continuous employment by the Company or an Affiliate throughout the Restricted Period. Distribution Equivalents on the Restricted Units shall be accumulated until the lapse of the Restricted Period, if and to the extent the Company makes distributions on its Units during the Restricted Period, and shall be paid pursuant to the provisions of Section 3 hereof in the same form as accrued. During the Restricted Period, the Participant shall have the right to vote such Restricted Units, but the Participant shall not have the right to receive any payments or distributions with respect to such Restricted Units, and the Participant may not sell, transfer, pledge, or assign such Restricted Units.

2.Forfeiture. The Restricted Units shall be automatically forfeited if the Participant ceases to be employed by the Company or an Affiliate at any time during the Restricted Period, except as provided in Section 3 if the Participant incurs a Separation from Service due to death, Disability, or Retirement during the Restricted Period.

3.Lapse of Restriction. The employment restriction on the Restricted Units shall lapse upon the Participant’s completion of continuous employment throughout the Restricted Period, and the Restricted Units shall thereupon become unrestricted Units. All Distribution Equivalents

Exhibit 10.2

______-______

on the Restricted Units accumulated during the Restricted Period shall be paid in a lump sum promptly upon the lapse of the Restricted Period (but in any case no later than two and one-half (2-1/2) months after the end of the Participant’s employing entity’s fiscal year that coincides with or immediately follows the end of the Restricted Period).

If a Participant dies or incurs a Disability during employment and prior to the end of the Restricted Period that results in a Separation from Service, the employment restriction on the Restricted Units shall lapse, the Restricted Units shall thereupon become unrestricted Units, and all Distribution Equivalents accumulated through the date the restrictions lapse shall be paid in a lump sum to the Participant (or the Participant’s estate) within ninety (90) days of the Participant’s death or Disability; provided that if the ninety- (90-) day period begins in one calendar year and ends in another, neither the Participant nor any beneficiary of a Participant shall have the right to designate the calendar year of payment.

If a Participant incurs a Separation from Service due to Retirement prior to the expiration of the Restricted Period, the employment restriction on the Restricted Units shall lapse, the Restricted Units shall thereupon become unrestricted Units, and all Distribution Equivalents accumulated through the date the restrictions lapse shall be paid in a lump sum to the Participant within ninety (90) days of the date of the Participant’s Separation from Service due to Retirement; provided that any payment to a Specified Employee upon a Retirement (which is a Separation from Service) that is “nonqualified deferred compensation” within the meaning of Section 409A shall not be paid until the thirty- (30-) day period commencing with the first day of the seventh month following the month of the Specified Employee’s Separation from Service (provided that if such thirty- (30-) day period begins in one calendar year and ends in another, the Specified Employee shall not have the right to designate the calendar year of payment).

Except in the case of death, Disability, and Retirement, and as permitted by Section 409A and the Plan (including Section 13.1(b) of the Plan), no payment shall be accelerated.

4.Tax Matters and Withholding. To the extent permitted by applicable securities laws, the Company, the Participant’s employer or their agent(s) shall withhold all required local, state, federal, and other taxes and any other amount required to be withheld by any governmental authority or law from the Units issued pursuant to the Award, and Units issued hereunder shall be retained by, surrendered back to or reacquired by the Company or an Affiliate as necessary in order to accomplish the foregoing, with the number of unrestricted Units to be delivered after the expiration of the Restricted Period being reduced accordingly. The number of Units to be withheld shall have a Fair Market Value equal to the amount required to be withheld as of the date that the amount is withheld. The Participant will execute such other documentation as may be necessary or appropriate to accomplish the foregoing. Prior to such withholding, in accordance with procedures established by or agreement of the Committee or the Participant’s employer, the Participant may arrange to pay all applicable withholdings in cash on the due date of such withholdings. To the extent applicable law does not permit the withholding of Units, the Participant shall pay all applicable withholdings in cash on the due date of such withholdings.

(The balance of this page was intentionally left blank)

-2-

Exhibit 10.2

________-_______

IN WITNESS WHEREOF, Magnum Management Corporation, a subsidiary of Cedar Fair, L.P., has caused this Agreement to be executed by its duly authorized officer, and the Participant has executed this Agreement in acceptance thereof.

MAGNUM MANGEMENT CORPORATION

By:

Title:

Date:

PARTICIPANT

Signature:

Printed Name:

Date:

-3-

EX-10.3

Exhibit 10.3

CEDAR FAIR, L.P. 2008 OMNIBUS INCENTIVE PLAN

DEFERRED UNIT AWARD AGREEMENT

This Deferred Unit Award Agreement (“Agreement”) is made pursuant to the terms and conditions of the Cedar Fair, L.P. 2008 Omnibus Incentive Plan (the “Plan”), including (without limitation) Article X, the provisions of which are incorporated into this Agreement by reference. Capitalized terms used herein shall have the meanings ascribed to them in the Plan, unless indicated otherwise.

Participant Name:
Grant Date:
Number of Deferred Units Awarded:
Vesting Schedule:	Vesting will occur upon termination as a member of the Board of Directors of Cedar Fair Management, Inc.
Payment Date:	Payable upon termination as a member of the Board of Directors of Cedar Fair Management, Inc.

PAYMENT DATE: Payable upon termination as a member of the Board of Directors of Cedar Fair Management, Inc.

1.Deferred Unit Award In General. Participant’s Award of _____ Deferred Units (“Award”) shall accrue Unit distribution equivalents (based upon actual distributions to owners of Units), if any, which shall be accumulated and credited to the Award until payment is made in accordance with Section 3 hereof. As used herein, the term “Deferred Units” means an equity-based Award measured in Units, with each Deferred Unit measured on the basis of one (1) Unit, that is subject to Section 409A and payable in Units or in a combination of cash and Units as provided in Section 3 below.

2.Vesting Schedule. The Award will vest on the date that the Participant ceases to be a director of CFMI.

3.Payment Dates. On the date that the Participant ceases to be a director of CFMI, the Award, plus all phantom Unit distribution equivalents accumulated and credited to the Award to the time of the distribution shall be paid, as elected by the Participant, in a lump sum in Units or a combination of cash and Units (measured using the Fair Market Value of the Units on the vesting date).

IN WITNESS WHEREOF, Cedar Fair, L.P. has caused this Agreement to be executed by its duly authorized officer, and the Participant has executed this Agreement in acceptance thereof.

Exhibit 10.3

CEDAR FAIR, LP

By:

Title:

PARTICIPANT

Signature:

Printed Name:

Address:

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Matthew A. Ouimet, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date:	May 9, 2014	/s/ Matthew A. Ouimet
		Matthew A. Ouimet
		President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Brian C. Witherow, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date:	May 9, 2014	/s/ Brian C. Witherow
		Brian C. Witherow
		Executive Vice President and Chief Financial Officer

EX-32

Exhibit 32

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

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

In connection with the Quarterly Report of Cedar Fair, L.P. (the “Partnership”) on Form 10-Q for the period ending March 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned officers of the Partnership certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to our knowledge:

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

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

May 9, 2014

/s/ Matthew A. Ouimet

Matthew A. Ouimet

President and Chief Executive Officer

/s/ Brian C. Witherow

Brian C. Witherow

Executive Vice President and

Chief Financial Officer

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

XML

Changes in Accumulated Other Comprehensive Income by Component Reclassifications Out of AOCI (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Mar. 30, 2014	Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net effect of swaps	$ 371	$ 9,211	$ (1,957)	$ 8,689
Income (loss) before taxes	(113,791)	(144,785)	159,441	75,783
Provision (benefit) for taxes	30,251	35,659	(25,651)	(17,638)
Net income (loss)	(83,540)	(109,126)	133,790	58,145
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income (loss) before taxes	1,985	8,174	7,943	8,142
Provision (benefit) for taxes	(307)	(1,229)	(1,228)	(1,445)
Net income (loss)	1,678	6,945	6,715	6,697
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	$ (1,985)	$ (8,174)	$ (7,943)	$ (8,142)

XML

Derivative Financial Instruments Balance Sheet Location (Details) (USD $)	Mar. 30, 2014	Dec. 31, 2013	Mar. 31, 2013
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (27,789,000)	$ (26,662,000)	$ (31,031,000)
Derivative assets (liabilities), at fair value, net	(27,789,000)	(26,662,000)	(31,031,000)
Designated As Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative assets (liabilities), at fair value, net	(6,657,000)	(3,916,000)	(23,388,000)
Not Designated As Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative assets (liabilities), at fair value, net	(21,132,000)	(22,746,000)	(7,643,000)
Interest Rate Swap [Member] | Designated As Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	(6,657,000)	(3,916,000)	(23,388,000)
Interest Rate Swap [Member] | Not Designated As Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	(21,132,000)	(22,746,000)	(7,643,000)
Cash Flow Hedging [Member] | Forward-Starting Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	$ 11,800,000

XML

Changes in Accumulated Other Comprehensive Income by Component (Tables)

3 Months Ended

Mar. 30, 2014

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 December 31, 2013		$	(15,013	)	$	5	$	(15,008	)
Other comprehensive income before reclassifications, net of tax $413 and ($932), respectively		(2,328		)	1,621		(707		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($307) (2)		1,678			—		1,678
Net other comprehensive income		(650		)	1,621		971
March 30, 2014		$	(15,663	)	$	1,626	$	(14,037	)

(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, net of tax $326 and ($174), respectively		1,940			301			2,241
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,229) (2)		6,945			—			6,945
Net other comprehensive income		8,885			301			9,186
March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)

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

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

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)
Other comprehensive income before reclassifications, net of tax $1,144 and ($2,343), respectively		(5,514		)	4,076			(1,438		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,228) (2)		6,715			—			6,715
Net other comprehensive income		1,201			4,076			5,277
March 30, 2014		$	(15,663	)	$	1,626		$	(14,037	)

(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 March 25, 2012		$	(25,549	)	$	(4,289	)	$	(29,838	)
Other comprehensive income before reclassifications, net of tax ($298) and ($1,058), respectively		1,988			1,839			3,827
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,445) (2)		6,697			—			6,697
Net other comprehensive income		8,685			1,839			10,524
March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)

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

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

Reclassifications Out of Accumulated Other Comprehensive Income (1)
(In thousands)
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income												Affected Line Item in the Statement Where Net Income is Presented
Gains and losses on cash flow hedges	3 months ended 3/30/14			3 months ended 3/31/13			12 months ended 3/30/14			12 months ended 3/31/13
Interest rate contracts	$	1,985		$	8,174		$	7,943		$	8,142		Net effect of swaps
	$	1,985		$	8,174		$	7,943		$	8,142		Total before tax
	(307		)	(1,229		)	(1,228		)	(1,445		)	Benefit for taxes
	$	1,678		$	6,945		$	6,715		$	6,697		Net of tax

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 3/30/14			3 months ended 3/31/13			12 months ended 3/30/14			12 months ended 3/31/13
Interest rate contracts	$	1,985		$	8,174		$	7,943		$	8,142		Net effect of swaps
	$	1,985		$	8,174		$	7,943		$	8,142		Total before tax
	(307		)	(1,229		)	(1,228		)	(1,445		)	Benefit for taxes
	$	1,678		$	6,945		$	6,715		$	6,697		Net of tax

(1) Amounts in parentheses indicate debits.

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Consolidating Financial Information of Guarantors and Issuers Income Statement (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Mar. 30, 2014	Mar. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Net revenues	$ 40,466	$ 41,799	$ 1,133,239	$ 1,082,055
Costs and expenses:
Cost of food, merchandise and games	4,985	5,037	91,720	95,998
Operating expenses	80,350	76,657	476,037	456,775
Selling, general and administrative	21,404	21,039	152,777	141,366
Depreciation and amortization	4,307	4,786	122,008	127,013
Loss on impairment / retirement of fixed assets, net	997	600	2,936	30,844
Gain on sale of other assets	0	0	(8,743)	(6,625)
Total costs and expenses	112,043	108,119	836,735	845,371
Operating income (loss)	(71,577)	(66,320)	296,504	236,684
Interest Income (Expense), Net	24,659	25,723	101,853	109,487
Net effect of swaps	371	9,211	(1,957)	8,689
Loss on early debt extinguishment	0	34,573	0	34,573
Unrealized / realized foreign currency (gain) loss	17,184	8,958	37,167	8,152
Other Income Expense	0	0	0	0
(Income) loss from investment in affiliates	0	0	0	0
Income (loss) before taxes	(113,791)	(144,785)	159,441	75,783
Provision (benefit) for taxes	(30,251)	(35,659)	25,651	17,638
Net income (loss)	(83,540)	(109,126)	133,790	58,145
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,621	301	4,076	1,839
Unrealized income (loss) on cash flow hedging derivatives	(650)	8,885	1,201	8,685
Other comprehensive income (loss), (net of tax)	971	9,186	5,277	10,524
Total Comprehensive Income (Loss)	(82,569)	(99,940)	139,067	68,669
Cedar Fair L.P. (Parent) [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	4,755	4,317	152,907	148,576
Costs and expenses:
Cost of food, merchandise and games	0	0	0	0
Operating expenses	1,348	1,423	5,928	5,468
Selling, general and administrative	1,396	1,292	5,821	6,455
Depreciation and amortization	474	475	36,806	37,439
Loss on impairment / retirement of fixed assets, net	249	36	637	25,089
Gain on sale of other assets	0		0	0
Total costs and expenses	3,467	3,226	49,192	74,451
Operating income (loss)	1,288	1,091	103,715	74,125
Interest Income (Expense), Net	10,199	10,512	42,317	47,879
Net effect of swaps	194	5,635	(1,251)	5,324
Loss on early debt extinguishment		21,175	0	21,175
Unrealized / realized foreign currency (gain) loss	0	0	0	0
Other Income Expense	187	188	749	750
(Income) loss from investment in affiliates	73,588	72,096	(82,065)	(68,417)
Income (loss) before taxes	(82,880)	(108,515)	143,965	67,414
Provision (benefit) for taxes	660	611	10,175	9,269
Net income (loss)	(83,540)	(109,126)	133,790	58,145
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,621	301	4,076	1,839
Unrealized income (loss) on cash flow hedging derivatives	(650)	8,885	1,201	8,685
Other comprehensive income (loss), (net of tax)	971	9,186	5,277	10,524
Total Comprehensive Income (Loss)	(82,569)	(99,940)	139,067	68,669
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	8,679	8,371	296,385	263,930
Costs and expenses:
Cost of food, merchandise and games	0	0	0	0
Operating expenses	22,462	21,606	184,460	177,526
Selling, general and administrative	16,672	16,613	100,884	89,532
Depreciation and amortization	9	9	37	40
Loss on impairment / retirement of fixed assets, net	0	0	0	0
Gain on sale of other assets	0		0	0
Total costs and expenses	39,143	38,228	285,381	267,098
Operating income (loss)	(30,464)	(29,857)	11,004	(3,168)
Interest Income (Expense), Net	7,011	7,677	28,209	30,390
Net effect of swaps	177	3,576	(706)	3,365
Loss on early debt extinguishment		12,781	0	12,781
Unrealized / realized foreign currency (gain) loss	0	0	0	0
Other Income Expense	(3,274)	(2,388)	(12,143)	(8,860)
(Income) loss from investment in affiliates	47,143	35,640	(26,017)	(53,593)
Income (loss) before taxes	(81,521)	(87,143)	21,661	12,749
Provision (benefit) for taxes	(10,422)	(17,665)	(4,890)	(15,849)
Net income (loss)	(71,099)	(69,478)	26,551	28,598
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	0	0	0	0
Unrealized income (loss) on cash flow hedging derivatives	(173)	2,535	140	2,551
Other comprehensive income (loss), (net of tax)	(173)	2,535	140	2,551
Total Comprehensive Income (Loss)	(71,272)	(66,943)	26,691	31,149
Co-Issuer Subsidiary (Cedar Canada) [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	151	289	127,554	140,441
Costs and expenses:
Cost of food, merchandise and games	1	0	9,323	10,316
Operating expenses	6,937	5,941	48,766	48,147
Selling, general and administrative	873	711	11,146	11,086
Depreciation and amortization	0	0	17,333	18,199
Loss on impairment / retirement of fixed assets, net	0	478	1	474
Gain on sale of other assets	0		0	0
Total costs and expenses	7,811	7,130	86,569	88,222
Operating income (loss)	(7,660)	(6,841)	40,985	52,219
Interest Income (Expense), Net	9,468	9,764	39,080	40,231
Net effect of swaps	0	0	0	0
Loss on early debt extinguishment		617	0	617
Unrealized / realized foreign currency (gain) loss	17,184	8,958	37,167	8,152
Other Income Expense	374	800	3,253	2,623
(Income) loss from investment in affiliates	4,064	3,520	(16,894)	(14,307)
Income (loss) before taxes	(38,750)	(30,500)	(21,621)	14,903
Provision (benefit) for taxes	(10,506)	(9,254)	(12,108)	(3,507)
Net income (loss)	(28,244)	(21,246)	(9,513)	18,410
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,621	301	4,076	1,839
Unrealized income (loss) on cash flow hedging derivatives	0	0	0	0
Other comprehensive income (loss), (net of tax)	1,621	301	4,076	1,839
Total Comprehensive Income (Loss)	(26,623)	(20,945)	(5,437)	20,249
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	40,312	41,510	1,005,271	941,246
Costs and expenses:
Cost of food, merchandise and games	4,984	5,037	82,397	85,682
Operating expenses	63,034	60,375	685,761	637,772
Selling, general and administrative	2,463	2,423	34,926	34,293
Depreciation and amortization	3,824	4,302	67,832	71,335
Loss on impairment / retirement of fixed assets, net	748	86	2,298	5,281
Gain on sale of other assets	0		(8,743)	(6,625)
Total costs and expenses	75,053	72,223	864,471	827,738
Operating income (loss)	(34,741)	(30,713)	140,800	113,508
Interest Income (Expense), Net	(2,019)	(2,230)	(7,753)	(9,013)
Net effect of swaps	0	0	0	0
Loss on early debt extinguishment		0	0	0
Unrealized / realized foreign currency (gain) loss	0	0	0	0
Other Income Expense	2,713	1,400	8,141	5,487
(Income) loss from investment in affiliates	28,244	21,227	9,494	(18,503)
Income (loss) before taxes	(63,679)	(51,110)	130,918	135,537
Provision (benefit) for taxes	(9,983)	(9,351)	32,474	27,725
Net income (loss)	(53,696)	(41,759)	98,444	107,812
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	0	0	0	0
Unrealized income (loss) on cash flow hedging derivatives	0	0	0	0
Other comprehensive income (loss), (net of tax)	0	0	0	0
Total Comprehensive Income (Loss)	(53,696)	(41,759)	98,444	107,812
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	(13,431)	(12,688)	(448,878)	(412,138)
Costs and expenses:
Cost of food, merchandise and games	0	0	0	0
Operating expenses	(13,431)	(12,688)	(448,878)	(412,138)
Selling, general and administrative	0	0	0	0
Depreciation and amortization	0	0	0	0
Loss on impairment / retirement of fixed assets, net	0	0	0	0
Gain on sale of other assets	0		0	0
Total costs and expenses	(13,431)	(12,688)	(448,878)	(412,138)
Operating income (loss)	0	0	0	0
Interest Income (Expense), Net	0	0	0	0
Net effect of swaps	0	0	0	0
Loss on early debt extinguishment		0	0	0
Unrealized / realized foreign currency (gain) loss	0	0	0	0
Other Income Expense	0	0	0	0
(Income) loss from investment in affiliates	(153,039)	(132,483)	115,482	154,820
Income (loss) before taxes	153,039	132,483	(115,482)	(154,820)
Provision (benefit) for taxes	0	0	0	0
Net income (loss)	153,039	132,483	(115,482)	(154,820)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(1,621)	(301)	(4,076)	(1,839)
Unrealized income (loss) on cash flow hedging derivatives	173	(2,535)	(140)	(2,551)
Other comprehensive income (loss), (net of tax)	(1,448)	(2,836)	(4,216)	(4,390)
Total Comprehensive Income (Loss)	$ 151,591	$ 129,647	$ (119,698)	$ (159,210)

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Income and Partnership Taxes Unrecognized Tax Position (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 30, 2014
Income Tax Disclosure [Abstract]
Unrecognized tax benefit	$ 1.1

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Significant Accounting and Reporting Policies

3 Months Ended

Mar. 30, 2014

Accounting Policies [Abstract]

Significant Accounting and Reporting Policies

Significant Accounting and Reporting Policies:

The Partnership’s unaudited condensed consolidated financial statements for the periods ended March 30, 2014 and March 31, 2013 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, 2013, which were included in the Form 10-K filed on February 26, 2014. 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 referred to above.

New Accounting Pronouncements

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 adopted this guidance in the first quarter of 2014 and the December 31, 2013 and March 31, 2013 Unaudited Condensed Consolidating Balance Sheets in Note 12 reflect the effect of the adoption of this guidance.

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 adopted this guidance in the first quarter of 2014 and it did not impact its consolidated financial statements.

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Consolidating Financial Information of Guarantors and Issuers Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Mar. 30, 2014	Mar. 31, 2013
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES	$ (83,256)	$ (68,667)	$ 309,082	$ 297,947
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Proceeds from Sales of Assets, Investing Activities	0	0	15,297	16,058
Capital expenditures	(40,342)	(35,829)	(124,826)	(103,262)
Net cash for investing activities	(40,342)	(35,829)	(109,529)	(87,204)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Proceeds from (Repayments of) Other Long-term Debt	55,000	96,000	(41,000)	(59,004)
Term debt borrowings	0	630,000	0	630,000
Note borrowings	0	500,000	0	500,000
Repayments of Related Party Debt				0
Repayments of Long-term Debt	0	(1,131,100)	(11,150)	(1,156,100)
Intercompany term debt (payments) receipts				0
Distributions (paid) received	(39,091)	(34,820)	(147,728)	(101,482)
Payments of Debt Issuance Costs	0	(23,491)	242	(23,491)
Exercise of limited partnership unit options	0	28	24	57
Excess tax benefit from unit-based compensation	(568)	(127)	414	1,519
Net cash from (for) financing activities	15,341	36,490	(199,198)	(208,501)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(932)	(786)	(1,526)	477
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(109,189)	(68,792)	(1,171)	2,719
Balance, beginning of period	118,056	78,830	10,038	7,319
Balance, end of period	8,867	10,038	8,867	10,038
Cedar Fair L.P. (Parent) [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES	(73,627)	(52,034)	253,410	231,264
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Proceeds from Sales of Assets, Investing Activities			0	1,173
Capital expenditures	(16,379)	(17,866)	(54,767)	(43,156)
Net cash for investing activities	(16,379)	(17,866)	(54,767)	(41,983)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Proceeds from (Repayments of) Other Long-term Debt	55,000	96,000	(41,000)	(57,000)
Term debt borrowings		359,022		359,022
Note borrowings		294,897		294,897
Repayments of Related Party Debt				0
Repayments of Long-term Debt		(654,568)	(6,612)	(669,035)
Intercompany term debt (payments) receipts				0
Distributions (paid) received	(39,994)	(35,688)	(151,259)	(102,402)
Payments of Debt Issuance Costs		(14,763)	228	(14,763)
Exercise of limited partnership unit options		0	0	0
Excess tax benefit from unit-based compensation	0	0	0	0
Net cash from (for) financing activities	15,006	44,900	(198,643)	(189,281)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(75,000)	(25,000)	0	0
Balance, beginning of period	75,000	25,000	0	0
Balance, end of period	0	0	0	0
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES	(3,001)	8,508	3,318	(87,117)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Proceeds from Sales of Assets, Investing Activities			0	0
Capital expenditures	(4)	0	(4)	(8)
Net cash for investing activities	(4)	0	(4)	104,157
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Proceeds from (Repayments of) Other Long-term Debt	0	0	0	0
Term debt borrowings		256,500		256,500
Note borrowings		205,103		205,103
Repayments of Related Party Debt				0
Repayments of Long-term Debt		(462,054)	(4,281)	(472,267)
Intercompany term debt (payments) receipts				104,165
Distributions (paid) received	0	868	0	920
Payments of Debt Issuance Costs		(8,538)	368	(8,537)
Exercise of limited partnership unit options		28	24	57
Excess tax benefit from unit-based compensation	(568)	(127)	414	1,519
Net cash from (for) financing activities	(568)	(8,220)	(3,475)	(16,705)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(3,573)	288	(161)	335
Balance, beginning of period	4,144	444	732	397
Balance, end of period	571	732	571	732
Co-Issuer Subsidiary (Cedar Canada) [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES	(26,042)	(44,472)	15,737	14,067
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Proceeds from Sales of Assets, Investing Activities			0	0
Capital expenditures	(5,077)	(600)	(14,201)	(8,023)
Net cash for investing activities	(5,077)	(600)	(14,201)	(8,023)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Proceeds from (Repayments of) Other Long-term Debt	0	0	0	(2,004)
Term debt borrowings		14,478		14,478
Note borrowings		0		0
Repayments of Related Party Debt				0
Repayments of Long-term Debt		(14,478)	(257)	(14,798)
Intercompany term debt (payments) receipts				0
Distributions (paid) received	0	0	0	0
Payments of Debt Issuance Costs		(190)	(354)	(191)
Exercise of limited partnership unit options		0	0	0
Excess tax benefit from unit-based compensation	0	0	0	0
Net cash from (for) financing activities	0	(190)	(611)	(2,515)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(932)	(786)	(1,526)	477
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(32,051)	(46,048)	(601)	4,006
Balance, beginning of period	35,575	50,173	4,125	119
Balance, end of period	3,524	4,125	3,524	4,125
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES	20,317	19,331	40,148	139,733
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Proceeds from Sales of Assets, Investing Activities			15,297	14,885
Capital expenditures	(18,882)	(17,363)	(55,854)	(52,075)
Net cash for investing activities	(18,882)	(17,363)	(40,557)	(37,190)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Proceeds from (Repayments of) Other Long-term Debt	0	0	0	0
Term debt borrowings		0		0
Note borrowings		0		0
Repayments of Related Party Debt				(104,165)
Repayments of Long-term Debt		0	0	0
Intercompany term debt (payments) receipts				0
Distributions (paid) received	0	0	0	0
Payments of Debt Issuance Costs		0	0	0
Exercise of limited partnership unit options		0	0	0
Excess tax benefit from unit-based compensation	0	0	0	0
Net cash from (for) financing activities	0	0	0	(104,165)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	1,435	1,968	(409)	(1,622)
Balance, beginning of period	3,337	3,213	5,181	6,803
Balance, end of period	4,772	5,181	4,772	5,181
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES	(903)	0	(3,531)	0
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Proceeds from Sales of Assets, Investing Activities			0	0
Capital expenditures	0	0	0	0
Net cash for investing activities	0	0	0	(104,165)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Proceeds from (Repayments of) Other Long-term Debt	0	0	0	0
Term debt borrowings		0		0
Note borrowings		0		0
Repayments of Related Party Debt				104,165
Repayments of Long-term Debt		0	0	0
Intercompany term debt (payments) receipts				104,165
Distributions (paid) received	903	0	3,531	0
Payments of Debt Issuance Costs		0	0	0
Exercise of limited partnership unit options		0	0	0
Excess tax benefit from unit-based compensation	0	0	0	0
Net cash from (for) financing activities	903	0	3,531	104,165
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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Goodwill and Other Intangible Assets Goodwill (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Goodwill [Roll Forward]
Goodwill (gross), beginning of period	$ 317,957	$ 326,089
Accumulated Impairment Losses, beginning of period	(79,868)	(79,868)
Goodwill (net), beginning of period	238,089	246,221
Foreign currency translation	(4,561)	(2,568)
Goodwill (gross), end of period	313,396	323,521
Accumulated Impairment Losses, end of period	(79,868)	(79,868)
Goodwill (net), end of period	$ 233,528	$ 243,653

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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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Goodwill and Other Intangible Assets Other Intangible Assets (Details) (USD $)	Mar. 30, 2014	Dec. 31, 2013	Mar. 31, 2013
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Carrying Amount/Value	$ 38,424,000	$ 39,070,000	$ 39,858,000
Accumulated Amortization	385,000	399,000	369,000
Total other intangible assets, gross carrying amount	39,305,000	39,870,000	40,692,000
Total other intangibe assets, net carrying value	38,920,000	39,471,000	40,323,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	75,000
Estimated amortization expense, 2015 (less than $75,000)	75,000
Estimated amortization expense, 2017 (less than $75,000)	75,000
Estimated amortization expense, 2018 (less than $75,000)	75,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	75,000
License / Franchise Agreements [Member]
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	881,000	800,000	834,000
Accumulated Amortization	385,000	399,000	369,000
Net Carrying Value	$ 496,000	$ 401,000	$ 465,000

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Long-Term Debt (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended			3 Months Ended		3 Months Ended		3 Months Ended			3 Months Ended							3 Months Ended
	Mar. 30, 2014	Mar. 30, 2014 Notes Payable, Due 2018 [Member] Maximum [Member]	Jul. 30, 2010 Notes Payable, Due 2018 [Member] Senior Unsecured Notes [Member]	Mar. 30, 2014 Notes Payable Due 2021 [Member] [Domain] Senior Unsecured Notes [Member]	Mar. 31, 2013 Notes Payable Due 2021 [Member] [Domain] Senior Unsecured Notes [Member]	Mar. 30, 2014 Credit Agreement 2013 [Member] [Domain]	Mar. 31, 2013 Credit Agreement 2013 [Member] [Domain]	Mar. 30, 2014 Credit Agreement 2013 [Member] [Domain] Maximum [Member]	Mar. 30, 2014 Credit Agreement 2013 [Member] [Domain] Canadian Revolving Credit Facility [Member]	Mar. 30, 2014 Credit Agreement 2013 [Member] [Domain]	Mar. 30, 2014 Credit Agreement 2013 [Member] [Domain] Senior Secured Term Loan [Member]	Mar. 31, 2013 Credit Agreement 2013 [Member] [Domain] Senior Secured Term Loan [Member]	Mar. 30, 2014 Credit Agreement 2013 [Member] [Domain] Senior Secured Revolving Credit Facility [Member]	Jul. 30, 2010 Original Issue Discount [Member] Senior Unsecured Notes [Member]	Jul. 30, 2010 2010 Credit Agreement [Member]	Jul. 30, 2010 2010 Credit Agreement [Member] Senior Secured Term Loan [Member]	Jul. 30, 2010 2010 Credit Agreement [Member] Senior Secured Revolving Credit Facility [Member]	Mar. 30, 2014 Amended 2010 Credit Agreement [Member]	Mar. 30, 2014 Amended 2010 Credit Agreement [Member] Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 405		$ 500		$ 885					$ 630	$ 255		$ 1,435	$ 1,175	$ 260
Debt Instrument, Periodic Payment											6.3
Debt Instrument, Interest Rate, Stated Percentage			9.125%		5.25%
Unamortized discount														5.6
Effective interest rate percentage														9.375%
Maximum borrowing capacity									15
Commitment fee on unused portion of credit facilities	0.50%
Interest rate margin over LIBOR										2.25%
Length of maturity date extension (years)																			1 year
Interest rate margin over LIBOR											2.50%								3.00%
Interest rate LIBOR floor											0.75%								1.00%
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%
Consolidated leverage ratio requirement						6.25
Consolidated Leverage Ratio Decrease	0.25
Final Consolidated Leverage Ratio	5.25
Consolidated leverage ratio						3.63
EBITDA cushion on the ratio						175.2
Restricted payment		$ 20						$ 60
Pro-forma consolidated leverage ratio						5.00
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

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Basis of Presentation

3 Months Ended

Mar. 30, 2014

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 March 30, 2014 and March 31, 2013 to accompany the quarterly results. Because amounts for the fiscal twelve months ended March 30, 2014 include actual 2013 season operating results, they may not be indicative of 2014 full calendar year operations.

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Derivative Financial Instruments Schedule of Derivatives (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Mar. 30, 2014	Mar. 31, 2013	Dec. 31, 2013
Derivative [Line Items]
Net effect of swaps	$ (371,000)	$ (9,211,000)	$ 1,957,000	$ (8,689,000)
Debt instrument, LIBOR floor, decrease to percent	1.00%		1.00%
Debt instrument, LIBOR floor, decrease from percent	1.50%		1.50%
Derivative Liability	(27,789,000)	(31,031,000)	(27,789,000)	(31,031,000)	(26,662,000)
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net		7,800,000		7,800,000
Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 12 [Member]
Derivative [Line Items]
Notional amount	200,000,000		200,000,000
Fixed interest rate	3.00%		3.00%
Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 13 [Member]
Derivative [Line Items]
Notional amount	100,000,000		100,000,000
Fixed interest rate	3.00%		3.00%
Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 14 [Member]
Derivative [Line Items]
Notional amount	100,000,000		100,000,000
Fixed interest rate	2.996%		2.996%
Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 15 [Member]
Derivative [Line Items]
Notional amount	100,000,000		100,000,000
Fixed interest rate	2.70%		2.70%
Interest Rate Swap [Member]
Derivative [Line Items]
Amortization of Deferred Hedge Gains	2,000,000	330,000	7,900,000	192,000
Cash Flow Hedging [Member] | Forward-Starting Interest Rate Swap [Member]
Derivative [Line Items]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	11,800,000		11,800,000
Cash Flow Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | 2013 forwards [Member]
Derivative [Line Items]
Average rate	2.94%		2.94%
Derivative, amount of hedged item	500,000,000		500,000,000
Number of derivative instruments	4		4
Not Designated As Hedging [Member]
Derivative [Line Items]
Notional amount	800,000,000		800,000,000
Average rate	2.38375%		2.38375%
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	7,900,000		7,900,000
Not Designated As Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 1 [Member]
Derivative [Line Items]
Notional amount	200,000,000		200,000,000
Fixed interest rate	2.27%		2.27%
Not Designated As Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 2 [Member]
Derivative [Line Items]
Notional amount	150,000,000		150,000,000
Fixed interest rate	2.427%		2.427%
Not Designated As Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 3 [Member]
Derivative [Line Items]
Notional amount	75,000,000		75,000,000
Fixed interest rate	2.298%		2.298%
Not Designated As Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 4 [Member]
Derivative [Line Items]
Notional amount	70,000,000		70,000,000
Fixed interest rate	2.54%		2.54%
Not Designated As Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 5 [Member]
Derivative [Line Items]
Notional amount	50,000,000		50,000,000
Fixed interest rate	2.54%		2.54%
Not Designated As Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 6 [Member]
Derivative [Line Items]
Notional amount	50,000,000		50,000,000
Fixed interest rate	2.54%		2.54%
Not Designated As Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 7 [Member]
Derivative [Line Items]
Notional amount	50,000,000		50,000,000
Fixed interest rate	2.427%		2.427%
Not Designated As Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 8 [Member]
Derivative [Line Items]
Notional amount	50,000,000		50,000,000
Fixed interest rate	2.293%		2.293%
Not Designated As Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 9 [Member]
Derivative [Line Items]
Notional amount	50,000,000		50,000,000
Fixed interest rate	2.293%		2.293%
Not Designated As Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 10 [Member]
Derivative [Line Items]
Notional amount	30,000,000		30,000,000
Fixed interest rate	2.54%		2.54%
Not Designated As Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | Forward Starting Interest Rate Swap 11 [Member]
Derivative [Line Items]
Notional amount	25,000,000		25,000,000
Fixed interest rate	2.298%		2.298%
Not Designated As Hedging [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Notional amount	200,000,000		200,000,000
Derivative Liability	(21,132,000)	(7,643,000)	(21,132,000)	(7,643,000)	(22,746,000)
Designated As Hedging [Member]
Derivative [Line Items]
Notional amount	500,000,000		500,000,000
Fixed interest rate	2.94%		2.94%
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	0		0
Designated As Hedging [Member] | Derivatives Effective Through July 2013 [Member]
Derivative [Line Items]
Notional amount	600,000,000		600,000,000
Designated As Hedging [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Liability	(6,657,000)	(23,388,000)	(6,657,000)	(23,388,000)	(3,916,000)
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	(2,742,000)	2,266,000	(6,658,000)	2,286,000
Notes Payable Due 2021 [Member] [Domain] | Senior Unsecured Notes [Member]
Derivative [Line Items]
Debt Instrument, Face Amount		500,000,000		500,000,000
Debt Instrument, Interest Rate, Stated Percentage		5.25%		5.25%
Credit Agreement 2013 [Member] [Domain]
Derivative [Line Items]
Debt Instrument, Face Amount		885,000,000		885,000,000
Credit Agreement 2013 [Member] [Domain] | Senior Secured Term Loan [Member]
Derivative [Line Items]
Debt Instrument, Face Amount		630,000,000		630,000,000
Interest rate LIBOR floor	0.75%		0.75%
Interest Expense [Member] | Designated As Hedging [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	(2,797,000)	(2,797,000)	(12,031,000)
Net Effect of Swaps [Member] | Not Designated As Hedging [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	1,617,000	(1,471,000)	6,635,000	(1,471,000)
Net Effect of Swaps [Member] | Not Designated As Hedging [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	1,617,000	(1,471,000)	6,635,000	(1,471,000)
Net Effect of Swaps [Member] | Designated As Hedging [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Net Hedge Ineffectiveness Gain (Loss)	$ 0	$ 435,000	$ 3,268,000	$ 435,000

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Consolidating Financial Information of Guarantors and Issuers (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended				12 Months Ended					3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Mar. 30, 2014 Senior Unsecured Notes [Member] Notes Payable Due 2018 [Member]	Jul. 30, 2010 Senior Unsecured Notes [Member] Notes Payable Due 2018 [Member]	Mar. 31, 2013 Senior Unsecured Notes [Member] Notes Payable Due 2021 [Member] [Domain]	Mar. 31, 2013 Cedar Fair L.P. (Parent) [Member]	Mar. 31, 2013 Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Mar. 31, 2013 Co-Issuer Subsidiary (Cedar Canada) [Member]	Mar. 31, 2013 Guarantor Subsidiaries [Member]	Mar. 31, 2013 Eliminations [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member] Cedar Fair L.P. (Parent) [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member] Cedar Fair L.P. (Parent) [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member] Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member] Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member] Co-Issuer Subsidiary (Cedar Canada) [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member] Co-Issuer Subsidiary (Cedar Canada) [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member] Guarantor Subsidiaries [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member] Guarantor Subsidiaries [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member] Eliminations [Member]	Mar. 31, 2013 Scenario, Previously Reported [Member] Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Repayments of Related Party Debt	$ 0				$ 0	$ 0	$ 0	$ 104,165	$ (104,165)						$ (104,200)
Investments in and Advances to Affiliates, at Fair Value, Period Increase (Decrease)										$ 0	$ 0	$ 65,636	$ 43,043	$ 58,171	$ (49,642)	$ (2,442)	$ (2,479)	$ 32,098	$ 4,568	$ (153,463)	$ 4,510
Debt Instrument, Interest Rate, Stated Percentage			9.125%	5.25%
Subsidiary ownership percentage guaranteeing notes		100.00%
Subsidiary guarantor ownership percentage		100.00%

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Unaudited Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 30, 2014	Dec. 31, 2013	Mar. 31, 2013
Current Assets:
Cash and cash equivalents	$ 8,867	$ 118,056	$ 10,038
Receivables	19,630	21,333	13,342
Inventories	38,264	26,080	39,063
Current deferred tax asset	26,653	9,675	36,022
Income tax refundable	20,101	2,228	16,396
Other current assets	9,919	9,125	11,319
Total current assets	123,434	186,497	126,180
Property and Equipment:
Land	279,992	283,313	301,469
Land improvements	349,245	350,869	338,777
Buildings	581,525	584,659	587,603
Rides and equipment	1,485,418	1,494,112	1,446,904
Construction in progress	85,854	44,550	63,509
Total property and equipment, gross	2,782,034	2,757,503	2,738,262
Less accumulated depreciation	(1,248,072)	(1,251,740)	(1,167,410)
Total property and equipment, net	1,533,962	1,505,763	1,570,852
Goodwill	233,528	238,089	243,653
Other Intangibes, net	38,920	39,471	40,323
Other Assets	43,391	44,807	34,648
Assets	1,973,235	2,014,627	2,015,656
Current Liabilities:
Current maturities of long-term debt	1,450	0	6,300
Accounts payable	45,028	13,222	37,443
Deferred revenue	70,148	44,521	66,184
Accrued interest	10,073	23,201	8,339
Accrued taxes	6,452	19,481	9,000
Accrued salaries, wages and benefits	24,519	29,200	20,182
Self-insurance reserves	22,696	23,653	23,557
Other accrued liabilities	4,896	5,521	7,867
Total current liabilities	185,262	158,799	178,872
Deferred Tax Liability	157,281	158,113	154,587
Derivative Liability	27,789	26,662	31,031
Other Liabilities	7,755	11,290	7,685
Long-Term Debt:
Long-term Line of Credit, Noncurrent	55,000	0	96,000
Term debt	617,400	618,850	623,700
Notes	901,957	901,782	901,255
Total long-term debt	1,574,357	1,520,632	1,620,955
Commitments and Contingencies
Partners' Equity:
Special L.P. interests	5,290	5,290	5,290
General partner	1	2	0
Limited partners, 55,835, 55,716 and 55,712 units outstanding at March 30, 2014, December 31, 2013 and March 31, 2013, respectively	29,537	148,847	36,550
Accumulated other comprehensive loss	(14,037)	(15,008)	(19,314)
Total partners' equity	20,791	139,131	22,526
Total Partners' Equity and Liabilities	$ 1,973,235	$ 2,014,627	$ 2,015,656

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Unaudited Condensed Consolidated Statement of Partners' Equity (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 30, 2014	Mar. 30, 2014
Foreign currency translation adjustment, tax	$ (932)	$ (2,343)
Unrealized loss on cash flow hedging derivatives, tax	$ 106
Partnership distribution declared, amount per limited partnership unit	$ 0.70	$ 0.70

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Fair Value Measurements (Details) (USD $)				3 Months Ended	9 Months Ended
	Mar. 30, 2014	Dec. 31, 2013	Mar. 31, 2013	Sep. 30, 2012 Wildwater Kingdom [Member]	Sep. 30, 2012 Wildwater Kingdom [Member]	Sep. 30, 2012 Total [Member] Fair Value, Measurements, Nonrecurring [Member]	Mar. 30, 2014 Total [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Total [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2013 Total [Member] Fair Value, Measurements, Recurring [Member]	Mar. 30, 2014 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2013 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 30, 2014 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2013 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 30, 2014 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2013 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 30, 2014 Designated As Hedging [Member]	Dec. 31, 2013 Designated As Hedging [Member]	Mar. 31, 2013 Designated As Hedging [Member]	Mar. 30, 2014 Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 30, 2014 Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Dec. 31, 2013 Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 31, 2013 Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 30, 2014 Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]	Dec. 31, 2013 Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 31, 2013 Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 30, 2014 Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]	Dec. 31, 2013 Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 31, 2013 Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 30, 2014 Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]	Dec. 31, 2013 Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 31, 2013 Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 30, 2014 Not Designated As Hedging [Member]	Dec. 31, 2013 Not Designated As Hedging [Member]	Mar. 31, 2013 Not Designated As Hedging [Member]	Mar. 30, 2014 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 30, 2014 Not Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Dec. 31, 2013 Not Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 31, 2013 Not Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 30, 2014 Not Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Dec. 31, 2013 Not Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 31, 2013 Not Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 30, 2014 Not Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Dec. 31, 2013 Not Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 31, 2013 Not Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 30, 2014 Not Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Dec. 31, 2013 Not Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 31, 2013 Not Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 30, 2014 Senior Unsecured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ (27,789,000)	$ (26,662,000)	$ (31,031,000)																			$ (6,657,000)	$ (3,916,000)	$ (23,388,000)	$ (6,657,000)	[1]	$ (3,916,000)	[1]	$ (23,388,000)	[1]	$ 0	$ 0	[1]	$ 0	[1]	$ (6,657,000)	$ (3,916,000)	[1]	$ (23,388,000)	[1]	$ 0	$ 0	[1]	$ 0	[1]				$ (21,132,000)	$ (22,746,000)	$ (7,643,000)	$ (21,132,000)	[2]	$ (22,746,000)	[2]	$ (7,643,000)	[2]	$ 0	[2]	$ 0	[2]	$ 0	[2]	$ (21,132,000)	[2]	$ (22,746,000)	[2]	$ (7,643,000)	[2]	$ 0	[2]	$ 0	[2]	$ 0	[2]
Net derivative liability	(27,789,000)	(26,662,000)	(31,031,000)				(27,789,000)	(26,662,000)	(31,031,000)	0	0	0	(27,789,000)	(26,662,000)	(31,031,000)	0	0	0	(6,657,000)	(3,916,000)	(23,388,000)																									(21,132,000)	(22,746,000)	(7,643,000)
Increase in net derivative liability	600,000
Fixed assets, fair value						19,800,000
Fixed-asset impairment				25,000,000	25,000,000
Fair value of term debt	618,900,000
Fair value of notes																																																																												$ 938,600,000

[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

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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 30, 2014

Derivative [Line Items]

Fair value of derivative instruments in Condensed Consolidated Balance Sheet

Fair Value of Derivative Instruments and the Classification in Condensed Consolidated Balance Sheet:

(In thousands)	Condensed Consolidated Balance Sheet Location	Fair Value as of			Fair Value as of			Fair Value as of
		March 30, 2014			December 31, 2013			March 31, 2013
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(6,657	)	$	(3,916	)	$	(23,388	)
Total derivatives designated as hedging instruments		$	(6,657	)	$	(3,916	)	$	(23,388	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(21,132	)	$	(22,746	)	$	(7,643	)
Total derivatives not designated as hedging instruments		$	(21,132	)	$	(22,746	)	$	(7,643	)
Net derivative liability		$	(27,789	)	$	(26,662	)	$	(31,031	)

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 twelve-month periods ended March 30, 2014 and March 31, 2013:

(In thousands)	Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)					Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)							Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Twelve months ended			Twelve months ended			Twelve months ended			Twelve months ended				Twelve months ended		Twelve months ended
	3/30/14			3/31/13			3/30/14			3/31/13				3/30/14		3/31/13
Interest rate swaps	$	(6,658	)	$	2,286	Interest Expense	$	(2,797	)	$	(12,031	)	Net effect of swaps	$	3,268	$	435

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Twelve months ended		Twelve months ended
		3/30/14		3/31/13
Interest rate swaps	Net effect of swaps	6,635		(1,471		)
		$	6,635	$	(1,471	)

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended March 30, 2014 and March 31, 2013:

(In thousands)	Amount of Gain (Loss) Recognized in  Accumulated OCI on Derivatives (Effective Portion)					Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)						Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Three months ended			Three months ended			Three months ended		Three months ended				Three months ended		Three months ended
	3/30/14			3/31/13			3/30/14		3/31/13				3/30/14		3/31/13
Interest rate swaps	$	(2,742	)	$	2,266	Interest Expense	$	—	$	(2,797	)	Net effect of swaps	$	—	$	435

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Three months ended		Three months ended
		3/30/14		3/31/13
Interest rate swaps	Net effect of swaps	1,617		(1,471		)
		$	1,617	$	(1,471	)

Forward Starting Interest Rate Swap [Member]

Derivative [Line Items]

Derivative instruments, notional amounts outstanding and interest rates

The following table presents our derivative portfolio 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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Earnings per Unit (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Mar. 30, 2014	Mar. 31, 2013
Basic weighted average units outstanding	55,500	55,854	55,531	55,694
Effect of dilutive units:
Unit options and restricted unit awards	0	0	209	63
Phantom units	0	0	170	299
Diluted weighted average units outstanding	55,500	55,854	55,910	56,056
Net income (loss) per limited partner unit - basic	$ (1.51)	$ (1.95)	$ 2.41	$ 1.04
Net income (loss) per limited partner unit - diluted	$ (1.51)	$ (1.95)	$ 2.39	$ 1.04

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Earnings per Unit (Tables)

3 Months Ended

Mar. 30, 2014

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						Twelve months ended
	3/30/2014			3/31/2013			3/30/2014		3/31/2013
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,500			55,854			55,531		55,694
Effect of dilutive units:
Unit options and restricted unit awards	—			—			209		63
Phantom units	—			—			170		299
Diluted weighted average units outstanding	55,500			55,854			55,910		56,056
Net income per unit - basic	$	(1.51	)	$	(1.95	)	$	2.41	$	1.04
Net income per unit - diluted	$	(1.51	)	$	(1.95	)	$	2.39	$	1.04

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Unaudited Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Mar. 30, 2014	Mar. 31, 2013
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES
Net income (loss)	$ (83,540)	$ (109,126)	$ 133,790	$ 58,145
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	4,307	4,786	122,008	127,013
Loss on early debt extinguishment	0	34,573	0	34,573
Loss on impairment / retirement of fixed assets, net	997	600	2,936	30,844
Gain on sale of other assets	0	0	(8,743)	(6,625)
Net effect of swaps	371	9,211	(1,957)	8,689
Non-cash (income) expense	21,546	13,867	50,679	22,127
Net change in working capital	(6,338)	7,057	1,031	18,152
Net change in other assets/liabilities	(20,599)	(29,635)	9,338	5,029
Net cash from (for) operating activities	(83,256)	(68,667)	309,082	297,947
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Proceeds from Sales of Assets, Investing Activities	0	0	15,297	16,058
Capital expenditures	(40,342)	(35,829)	(124,826)	(103,262)
Net cash for investing activities	(40,342)	(35,829)	(109,529)	(87,204)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Proceeds from (Repayments of) Other Long-term Debt	55,000	96,000	(41,000)	(59,004)
Term debt borrowings	0	630,000	0	630,000
Note borrowings	0	500,000	0	500,000
Term debt payments, including early termination penalties	0	(1,131,100)	(11,150)	(1,156,100)
Distributions paid to partners	(39,091)	(34,820)	(147,728)	(101,482)
Exercise of limited partnership unit options	0	28	24	57
Payment of debt issuance costs	0	(23,491)	242	(23,491)
Excess tax benefit from unit-based compensation	(568)	(127)	414	1,519
Net cash from (for) financing activities	15,341	36,490	(199,198)	(208,501)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(932)	(786)	(1,526)	477
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(109,189)	(68,792)	(1,171)	2,719
Balance, beginning of period	118,056	78,830	10,038	7,319
Balance, end of period	8,867	10,038	8,867	10,038
SUPPLEMENTAL INFORMATION
Cash payments for interest expense	36,966	31,291	96,509	102,703
Interest capitalized	406	516	1,500	1,086
Cash payments for income taxes, net of refunds	$ 605	$ 1,952	$ 13,475	$ 3,597

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Unaudited Condensed Consolidated Balance Sheets (Parenthetical) In Thousands, unless otherwise specified	Mar. 30, 2014	Dec. 31, 2013	Mar. 31, 2013
Limited partners, units outstanding	55,835	55,712	55,716

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Income and Partnership Taxes

3 Months Ended

Mar. 30, 2014

Effective Income Tax Rate Reconciliation, Amount [Abstract]

Income and Partnership Taxes

Income and Partnership Taxes:

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

As of the first quarter of 2014 the Partnership has recorded $1.1 million of unrecognized tax benefits including interest and/or penalties related to state and local tax filing positions. The Partnership recognizes interest and/or penalties related to unrecognized tax benefits in the income tax provision. The Partnership does not anticipate that the balance of the unrecognized tax benefit will change significantly over the next 12 months.

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Document and Entity Information	3 Months Ended
	Mar. 30, 2014	May 01, 2014
DEI [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Entity Registrant Name	CEDAR FAIR L P
Entity Central Index Key	0000811532
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		0
Entity Unit, Units Outstanding		55,837,976

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Contingencies

3 Months Ended

Mar. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Contingencies

Contingencies:

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

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Unaudited Condensed Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Mar. 30, 2014	Mar. 31, 2013
Net revenues:
Admissions	$ 19,067	$ 20,023	$ 646,051	$ 620,422
Food, merchandise and games	16,386	16,692	355,799	346,374
Accommodations and other	5,013	5,084	131,389	115,259
Total net revenues	40,466	41,799	1,133,239	1,082,055
Costs and expenses:
Cost of food, merchandise and games	4,985	5,037	91,720	95,998
Operating expenses	80,350	76,657	476,037	456,775
Selling, general and administrative	21,404	21,039	152,777	141,366
Depreciation and amortization	4,307	4,786	122,008	127,013
Gain on sale of other assets	0	0	(8,743)	(6,625)
Loss on impairment / retirement of fixed assets, net	997	600	2,936	30,844
Total costs and expenses	112,043	108,119	836,735	845,371
Operating income (loss)	(71,577)	(66,320)	296,504	236,684
Interest expense	24,732	25,763	102,040	109,579
Net effect of swaps	371	9,211	(1,957)	8,689
Loss on early debt extinguishment	0	34,573	0	34,573
Unrealized/realized foreign currency loss	17,184	8,958	37,167	8,152
Other income	(73)	(40)	(187)	(92)
Income (loss) before taxes	(113,791)	(144,785)	159,441	75,783
Provision (benefit) for taxes	(30,251)	(35,659)	25,651	17,638
Net income (loss)	(83,540)	(109,126)	133,790	58,145
Net income (loss) allocated to general partner	(1)	(1)	1	1
Net income (loss) allocated to limited partners	(83,539)	(109,125)	133,789	58,144
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,621	301	4,076	1,839
Unrealized income (loss) on cash flow hedging derivatives	(650)	8,885	1,201	8,685
Other comprehensive income (loss), (net of tax)	971	9,186	5,277	10,524
Total comprehensive income (loss)	$ (82,569)	$ (99,940)	$ 139,067	$ 68,669
Basic earnings per limited partner unit:
Weighted average limited partner units outstanding	55,500	55,854	55,531	55,694
Net income (loss) per limited partner unit	$ (1.51)	$ (1.95)	$ 2.41	$ 1.04
Diluted earnings per limited partner unit:
Weighted average limited partner units outstanding	55,500	55,854	55,910	56,056
Net income (loss) per limited partner unit	$ (1.51)	$ (1.95)	$ 2.39	$ 1.04

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Goodwill and Other Intangible Assets

3 Months Ended

Mar. 30, 2014

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. As of March 30, 2014, there were no indicators of impairment. The Partnership's annual testing date is December 31.

The Partnership tested goodwill and other indefinite-lived intangibles for impairment on December 31, 2013 and no impairment was indicated.

A summary of changes in the Partnership’s carrying value of goodwill for the three months ended March 30, 2014 and March 31, 2013 is as follows:

(In thousands)	Goodwill (gross)			Accumulated Impairment Losses			Goodwill (net)
Balance at December 31, 2012	$	326,089		$	(79,868	)	$	246,221
Foreign currency translation	(2,568		)	—			(2,568		)
Balance at March 31, 2013	$	323,521		$	(79,868	)	$	243,653
Balance at December 31, 2013	$	317,957		$	(79,868	)	$	238,089
Foreign currency translation	(4,561		)	—			(4,561		)
Balance at March 30, 2014	$	313,396		$	(79,868	)	$	233,528

At March 30, 2014, December 31, 2013, and March 31, 2013 the Partnership’s other intangible assets consisted of the following:

March 30, 2014	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	38,424	$	—	$	38,424
License / franchise agreements	881		385		496
Total other intangible assets	$	39,305	$	385	$	38,920
December 31, 2013
(In thousands)
Other intangible assets:
Trade names	$	39,070	$	—	$	39,070
License / franchise agreements	800		399		401
Total other intangible assets	$	39,870	$	399	$	39,471
March 31, 2013
(In thousands)
Other intangible assets:
Trade names	$	39,858	$	—	$	39,858
License / franchise agreements	834		369		465
Total other intangible assets	$	40,692	$	369	$	40,323

Estimated amortization expense is expected to total less than $75,000 in each year from 2014 through 2018.

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Long-Lived Assets

3 Months Ended

Mar. 30, 2014

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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Fair Value Measurements (Tables)

3 Months Ended

Mar. 30, 2014

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value on recurring basis

The table below presents the balances of assets and liabilities measured at fair value as of March 30, 2014, December 31, 2013, and March 31, 2013 on a recurring basis:

	Total			Level 1		Level 2			Level 3
March 30, 2014
(In thousands)
Interest rate swap agreements (1)	$	(6,657	)	$	—	$	(6,657	)	$	—
Interest rate swap agreements (2)	(21,132		)	—		(21,132		)	—
Net derivative liability	$	(27,789	)	$	—	$	(27,789	)	$	—
December 31, 2013
Interest rate swap agreements (1)	$	(3,916	)	$	—	$	(3,916	)	$	—
Interest rate swap agreements (2)	$	(22,746	)	$	—	$	(22,746	)	$	—
Net derivative liability	$	(26,662	)	$	—	$	(26,662	)	$	—
March 31, 2013
Interest rate swap agreements (1)	$	(23,388	)	$	—	$	(23,388	)	$	—
Interest rate swap agreements (2)	$	(7,643	)	$	—	$	(7,643	)	$	—
Net derivative liability	$	(31,031	)	$	—	$	(31,031	)	$	—

(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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Changes in Accumulated Other Comprehensive Income by Component

3 Months Ended

Mar. 30, 2014

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- and twelve-month periods ended March 30, 2014 and March 31, 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 December 31, 2013		$	(15,013	)	$	5	$	(15,008	)
Other comprehensive income before reclassifications, net of tax $413 and ($932), respectively		(2,328		)	1,621		(707		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($307) (2)		1,678			—		1,678
Net other comprehensive income		(650		)	1,621		971
March 30, 2014		$	(15,663	)	$	1,626	$	(14,037	)

(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, net of tax $326 and ($174), respectively		1,940			301			2,241
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,229) (2)		6,945			—			6,945
Net other comprehensive income		8,885			301			9,186
March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)

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

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

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)
Other comprehensive income before reclassifications, net of tax $1,144 and ($2,343), respectively		(5,514		)	4,076			(1,438		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,228) (2)		6,715			—			6,715
Net other comprehensive income		1,201			4,076			5,277
March 30, 2014		$	(15,663	)	$	1,626		$	(14,037	)

(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 March 25, 2012		$	(25,549	)	$	(4,289	)	$	(29,838	)
Other comprehensive income before reclassifications, net of tax ($298) and ($1,058), respectively		1,988			1,839			3,827
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,445) (2)		6,697			—			6,697
Net other comprehensive income		8,685			1,839			10,524
March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)

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

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

Reclassifications Out of Accumulated Other Comprehensive Income (1)
(In thousands)
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income												Affected Line Item in the Statement Where Net Income is Presented
Gains and losses on cash flow hedges	3 months ended 3/30/14			3 months ended 3/31/13			12 months ended 3/30/14			12 months ended 3/31/13
Interest rate contracts	$	1,985		$	8,174		$	7,943		$	8,142		Net effect of swaps
	$	1,985		$	8,174		$	7,943		$	8,142		Total before tax
	(307		)	(1,229		)	(1,228		)	(1,445		)	Benefit for taxes
	$	1,678		$	6,945		$	6,715		$	6,697		Net of tax

(1) Amounts in parentheses indicate debits.

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Fair Value Measurements

3 Months Ended

Mar. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements:

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

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

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

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

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

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

The table below presents the balances of assets and liabilities measured at fair value as of March 30, 2014, December 31, 2013, and March 31, 2013 on a recurring basis:

	Total			Level 1		Level 2			Level 3
March 30, 2014
(In thousands)
Interest rate swap agreements (1)	$	(6,657	)	$	—	$	(6,657	)	$	—
Interest rate swap agreements (2)	(21,132		)	—		(21,132		)	—
Net derivative liability	$	(27,789	)	$	—	$	(27,789	)	$	—
December 31, 2013
Interest rate swap agreements (1)	$	(3,916	)	$	—	$	(3,916	)	$	—
Interest rate swap agreements (2)	$	(22,746	)	$	—	$	(22,746	)	$	—
Net derivative liability	$	(26,662	)	$	—	$	(26,662	)	$	—
March 31, 2013
Interest rate swap agreements (1)	$	(23,388	)	$	—	$	(23,388	)	$	—
Interest rate swap agreements (2)	$	(7,643	)	$	—	$	(7,643	)	$	—
Net derivative liability	$	(31,031	)	$	—	$	(31,031	)	$	—

(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 $0.6 million as of March 30, 2014.

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 March 30, 2014 or March 31, 2013, 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.

The fair value of term debt at March 30, 2014 was approximately $618.9 million based on borrowing rates currently available to the Partnership on long-term debt with similar terms and average maturities. The fair value of the Partnership's notes at March 30, 2014 was approximately $938.6 million based on public trading levels as of that date. The fair value of the term debt was based on Level 2 inputs and the notes were based on Level 1 inputs.

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Long-Term Debt

3 Months Ended

Mar. 30, 2014

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.

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 38 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 was set at 6.25x consolidated total debt (excluding the revolving debt)-to-Consolidated EBITDA at the end of the first quarter in 2014, and the ratio will decrease by 0.25x each second quarter beginning with the second quarter of 2014 until it reaches 5.25x. As of March 30, 2014, the Partnership’s Consolidated Leverage Ratio was 3.63x, providing $175.2 million of consolidated EBITDA cushion on the ratio as of the end of the first quarter. The Partnership was in compliance with all other covenants under the 2013 Credit Agreement as of March 30, 2014.

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, we can make restricted payments of $20 million annually so long as no default or event of default has occurred and is continuing, and our ability to make additional restricted payments in 2013 and beyond is permitted should the Partnership's pro forma trailing-twelve-month Total-Indebtedness-to-Consolidated-Cash-Flow Ratio be less than or equal to 4.75x.

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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Derivative Financial Instruments

3 Months Ended

Mar. 30, 2014

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.

We have entered into several interest rate swaps that fix all of our variable rate term-debt payments. As of March 30, 2014, we have $800 million of variable-rate debt to fixed rates swaps that mature in December 2015 and fix LIBOR at a weighted average rate of 2.38%. These swaps have been de-designated as cash flow hedges. During the third quarter and fourth quarter of 2013, we entered into four forward-starting interest rate swap agreements that will effectively convert $500 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 2.94%.

Fair Value of Derivative Instruments and the Classification in Condensed Consolidated Balance Sheet:

(In thousands)	Condensed Consolidated Balance Sheet Location	Fair Value as of			Fair Value as of			Fair Value as of
		March 30, 2014			December 31, 2013			March 31, 2013
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(6,657	)	$	(3,916	)	$	(23,388	)
Total derivatives designated as hedging instruments		$	(6,657	)	$	(3,916	)	$	(23,388	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(21,132	)	$	(22,746	)	$	(7,643	)
Total derivatives not designated as hedging instruments		$	(21,132	)	$	(22,746	)	$	(7,643	)
Net derivative liability		$	(27,789	)	$	(26,662	)	$	(31,031	)

Derivatives Designated as Hedging Instruments

Changes in fair value of highly effective hedges are recorded as a component of accumulated other comprehensive loss in the unaudited condensed consolidated balance sheets. Any ineffectiveness is recognized immediately in income. Amounts recorded as a component of accumulated other comprehensive loss are reclassified into earnings in the same period the forecasted transactions affect earnings. As of March 30, 2014 we have no amounts that are forecasted to be reclassified into earnings in the next twelve months. As of March 31, 2013, $600 million of our portfolio qualified for hedge accounting and the fair value of these swaps are reflected in the above table. Subsequently, these derivatives were de-designated in the third quarter of 2013, as the hedge effectiveness testing indicated that these swaps would be ineffective throughout the remaining periods until maturity.

Derivatives Not Designated as Hedging Instruments

Certain interest rate swap contracts were deemed ineffective in prior years and no longer qualified for hedge accounting. As a result of discontinued hedge accounting, the instruments are prospectively adjusted to fair value each reporting period through Net effect of swaps on the unaudited condensed consolidated statements of operations and comprehensive income. The amounts that were previously recorded as a component of accumulated other comprehensive loss prior to the de-designation are reclassified to earnings and a corresponding realized gain or loss will be recognized when the forecasted cash flow occurs. As of March 30, 2014, approximately $11.8 million of losses remain in accumulated comprehensive loss related to the effective cash flow hedge contracts prior to de-designation. We estimate that losses of $7.9 million will be reclassified to earnings within the next 12 months. As of March 31, 2013, $200 million of the derivative portfolio did not qualify for hedge accounting as the amount of variable rate debt decreased to less than the total amount of our derivative portfolio, and the fair value of these swaps are reflected in the above table.

The following table presents our derivative portfolio 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	%

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended March 30, 2014 and March 31, 2013:

(In thousands)	Amount of Gain (Loss) Recognized in  Accumulated OCI on Derivatives (Effective Portion)					Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)						Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Three months ended			Three months ended			Three months ended		Three months ended				Three months ended		Three months ended
	3/30/14			3/31/13			3/30/14		3/31/13				3/30/14		3/31/13
Interest rate swaps	$	(2,742	)	$	2,266	Interest Expense	$	—	$	(2,797	)	Net effect of swaps	$	—	$	435

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Three months ended		Three months ended
		3/30/14		3/31/13
Interest rate swaps	Net effect of swaps	1,617		(1,471		)
		$	1,617	$	(1,471	)

During the quarter ended March 30, 2014, in addition to gains of $1.6 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 $0.4 million recorded in “Net effect of swaps.”

For the three-month period ended March 31, 2013, in addition to the $435 thousand gain recognized in income on the ineffective portion of derivatives and $1.5 million loss recognized in income 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 $330 thousand of expense representing the amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations. The effect of these amounts resulted in a charge to earnings of $9.2 million recorded in “Net effect of swaps.”

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the twelve-month periods ended March 30, 2014 and March 31, 2013:

(In thousands)	Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)					Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)							Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Twelve months ended			Twelve months ended			Twelve months ended			Twelve months ended				Twelve months ended		Twelve months ended
	3/30/14			3/31/13			3/30/14			3/31/13				3/30/14		3/31/13
Interest rate swaps	$	(6,658	)	$	2,286	Interest Expense	$	(2,797	)	$	(12,031	)	Net effect of swaps	$	3,268	$	435

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Twelve months ended		Twelve months ended
		3/30/14		3/31/13
Interest rate swaps	Net effect of swaps	6,635		(1,471		)
		$	6,635	$	(1,471	)

In addition to the $3.3 million gain recognized in income on the ineffective portion of derivatives and $6.6 million gain recognized in income on derivatives not designated as cash flow hedges (as noted in the tables above), $7.9 million of expense representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended March 30, 2014 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 $2.0 million recorded in “Net effect of swaps.”

For the twelve-month period ending March 31, 2013, in addition to the $435 thousand gain recognized in income on the ineffective portion of designated derivatives and $1.5 million of loss recognized in income on the derivatives not designated as cash flow hedges as noted in the tables above, $7.8 million of expense related to the write off of OCI balances on our May 2011 swaps and $192 thousand of income representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended March 31, 2013 in the condensed consolidated statements of operations. The net effect of these amounts resulted in expense for the trailing twelve month period of $8.7 million recorded in “Net effect of swaps.”

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Earnings per Unit

3 Months Ended

Mar. 30, 2014

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						Twelve months ended
	3/30/2014			3/31/2013			3/30/2014		3/31/2013
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,500			55,854			55,531		55,694
Effect of dilutive units:
Unit options and restricted unit awards	—			—			209		63
Phantom units	—			—			170		299
Diluted weighted average units outstanding	55,500			55,854			55,910		56,056
Net income per unit - basic	$	(1.51	)	$	(1.95	)	$	2.41	$	1.04
Net income per unit - diluted	$	(1.51	)	$	(1.95	)	$	2.39	$	1.04

The effect of out-of-the-money and/or antidilutive unit options on the three and twelve months ended March 30, 2014 and March 31, 2013, respectively, had they not been out of the money or antidilutive, would have been immaterial in all periods presented.

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Derivative Financial Instruments Income Statement Location (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Mar. 30, 2014	Mar. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net		$ 7,800,000		$ 7,800,000
Net effect of swaps	371,000	9,211,000	(1,957,000)	8,689,000
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amortization of Deferred Hedge Gains	(2,000,000)	(330,000)	(7,900,000)	(192,000)
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	(2,742,000)	2,266,000	(6,658,000)	2,286,000
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	(2,797,000)	(2,797,000)	(12,031,000)
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	435,000	3,268,000	435,000
Not Designated As Hedging [Member] | Net Effect of Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivative recognized in income	(1,617,000)	1,471,000	(6,635,000)	1,471,000
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	$ (1,617,000)	$ 1,471,000	$ (6,635,000)	$ 1,471,000

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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of changes in Partnership's carrying value of goodwill

A summary of changes in the Partnership’s carrying value of goodwill for the three months ended March 30, 2014 and March 31, 2013 is as follows:

(In thousands)	Goodwill (gross)			Accumulated Impairment Losses			Goodwill (net)
Balance at December 31, 2012	$	326,089		$	(79,868	)	$	246,221
Foreign currency translation	(2,568		)	—			(2,568		)
Balance at March 31, 2013	$	323,521		$	(79,868	)	$	243,653
Balance at December 31, 2013	$	317,957		$	(79,868	)	$	238,089
Foreign currency translation	(4,561		)	—			(4,561		)
Balance at March 30, 2014	$	313,396		$	(79,868	)	$	233,528

Partnership's other intangible assets

At March 30, 2014, December 31, 2013, and March 31, 2013 the Partnership’s other intangible assets consisted of the following:

March 30, 2014	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	38,424	$	—	$	38,424
License / franchise agreements	881		385		496
Total other intangible assets	$	39,305	$	385	$	38,920
December 31, 2013
(In thousands)
Other intangible assets:
Trade names	$	39,070	$	—	$	39,070
License / franchise agreements	800		399		401
Total other intangible assets	$	39,870	$	399	$	39,471
March 31, 2013
(In thousands)
Other intangible assets:
Trade names	$	39,858	$	—	$	39,858
License / franchise agreements	834		369		465
Total other intangible assets	$	40,692	$	369	$	40,323

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Consolidating Financial Information of Guarantors and Issuers (Tables)

3 Months Ended

Mar. 30, 2014

Condensed Consolidating Financial Information [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

We previously reported the following amounts as cash flows from (for) investing activities.

(in thousands)	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries		Eliminations			Total
Three months ended March 31, 2013
Investment in joint ventures and affiliates	$	65,636	$	58,171		$	(2,442	)	$	32,098	$	(153,463	)	$	—
Twelve months ended March 31, 2013
Investment in joint ventures and affiliates	43,043		(49,642		)	(2,479		)	4,568		4,510			—

Condensed Consolidating Balance Sheet

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 30, 2014

(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	$	—	$	571	$	3,524	$	4,772	$	—		$	8,867
Receivables	59		96,547		76,669		530,662		(684,307		)	19,630
Inventories	—		3,794		2,841		31,629		—			38,264
Current deferred tax asset	—		22,409		800		3,444		—			26,653
Other current assets	325		10,578		5,589		15,891		(2,363		)	30,020
	384		133,899		89,423		586,398		(686,670		)	123,434
Property and Equipment (net)	455,780		8,110		240,175		829,897		—			1,533,962
Investment in Park	443,179		744,425		138,604		35,052		(1,361,260		)	—
Goodwill	9,061		—		113,249		111,218		—			233,528
Other Intangibles, net	—		—		16,037		22,883		—			38,920
Deferred Tax Asset	—		30,296		—		117		(30,413		)	—
Intercompany Receivable	—		—		—		—		—			—
Other Assets	12,213		22,179		6,087		2,912		—			43,391
	$	920,617	$	938,909	$	603,575	$	1,588,477	$	(2,078,343	)	$	1,973,235
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	827	$	590	$	33	$	—	$	—		$	1,450
Accounts payable	173,364		230,516		10,818		314,637		(684,307		)	45,028
Deferred revenue	—		85		4,048		66,015		—			70,148
Accrued interest	2,580		1,567		5,926		—		—			10,073
Accrued taxes	4,757		849		—		3,209		(2,363		)	6,452
Accrued salaries, wages and benefits	—		18,183		503		5,833		—			24,519
Self-insurance reserves	—		5,431		1,664		15,601		—			22,696
Other accrued liabilities	280		3,086		125		1,405		—			4,896
	181,808		260,307		23,117		406,700		(686,670		)	185,262
Deferred Tax Liability	—		—		56,045		131,649		(30,413		)	157,281
Derivative Liability	16,281		11,508		—		—		—			27,789
Other Liabilities	—		4,358		—		3,397		—			7,755
Long-Term Debt:
Revolving credit loans	55,000		—		—		—		—			55,000
Term debt	351,840		251,371		14,189		—		—			617,400
Notes	294,897		205,103		401,957		—		—			901,957
	701,737		456,474		416,146		—		—			1,574,357
Equity	20,791		206,262		108,267		1,046,731		(1,361,260		)	20,791
	$	920,617	$	938,909	$	603,575	$	1,588,477	$	(2,078,343	)	$	1,973,235

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	75,000	$	4,144	$	35,575	$	3,337	$	—		$	118,056
Receivables	6		115,972		67,829		552,633		(715,107		)	21,333
Inventories	—		1,968		1,898		22,214		—			26,080
Current deferred tax asset	—		5,430		800		3,445		—			9,675
Other current assets	599		4,443		14,266		7,764		(15,719		)	11,353
	75,605		131,957		120,368		589,393		(730,826		)	186,497
Property and Equipment (net)	447,724		976		243,208		813,855		—			1,505,763
Investment in Park	514,948		796,735		142,668		63,948		(1,518,299		)	—
Goodwill	9,061		—		117,810		111,218		—			238,089
Other Intangibles, net	—		—		16,683		22,788		—			39,471
Deferred Tax Asset	—		31,122		—		117		(31,239		)	—
Other Assets	25,210		10,002		6,657		2,938		—			44,807
	$	1,072,548	$	970,792	$	647,394	$	1,604,257	$	(2,280,364	)	$	2,014,627
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	259,850	$	188,818	$	17,632	$	262,029	$	(715,107	)	$	13,222
Deferred revenue	—		—		2,815		41,706		—			44,521
Accrued interest	4,637		3,223		15,341		—		—			23,201
Accrued taxes	4,609		—		—		30,591		(15,719		)	19,481
Accrued salaries, wages and benefits	—		21,596		1,101		6,503		—			29,200
Self-insurance reserves	—		5,757		1,742		16,154		—			23,653
Other accrued liabilities	1,146		2,993		181		1,201		—			5,521
	270,242		222,387		38,812		358,184		(730,826		)	158,799
Deferred Tax Liability	—		—		57,704		131,648		(31,239		)	158,113
Derivative Liability	15,610		11,052		—		—		—			26,662
Other Liabilities	—		7,858		—		3,432		—			11,290
Long-Term Debt:
Term debt	352,668		251,961		14,221		—		—			618,850
Notes	294,897		205,103		401,782		—		—			901,782
	647,565		457,064		416,003		—		—			1,520,632
Equity	139,131		272,431		134,875		1,110,993		(1,518,299		)	139,131
	$	1,072,548	$	970,792	$	647,394	$	1,604,257	$	(2,280,364	)	$	2,014,627

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	732	$	4,125	$	5,181	$	—		$	10,038
Receivables	682		79,472		67,302		436,595		(570,709		)	13,342
Inventories	—		3,645		3,032		32,386		—			39,063
Current deferred tax asset	—		31,543		816		3,663		—			36,022
Other current assets	207		9,630		1,618		16,260		—			27,715
	889		125,022		76,893		494,085		(570,709		)	126,180
Property and Equipment (net)	457,484		1,003		262,941		849,424		—			1,570,852
Investment in Park	419,501		714,013		115,401		21,689		(1,270,604		)	—
Goodwill	9,061		—		123,374		111,218		—			243,653
Other Intangibles, net	—		—		17,470		22,853		—			40,323
Deferred Tax Asset	—		34,890		—		90		(34,980		)	—
Other Assets	14,581		10,291		7,473		2,303		—			34,648
	$	901,516	$	885,219	$	603,552	$	1,501,662	$	(1,876,293	)	$	2,015,656
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	3,332	$	2,823	$	145	$	—	$	—		$	6,300
Accounts payable	103,654		215,425		3,891		285,182		(570,709		)	37,443
Deferred revenue	—		—		6,679		59,505		—			66,184
Accrued interest	1,444		916		5,979		—		—			8,339
Accrued taxes	4,790		390		331		3,489		—			9,000
Accrued salaries, wages and benefits	—		13,483		1,095		5,604		—			20,182
Self-insurance reserves	—		5,324		1,696		16,537		—			23,557
Other accrued liabilities	589		5,161		133		1,984		—			7,867
	113,809		243,522		19,949		372,301		(570,709		)	178,872
Deferred Tax Liability	—		—		62,700		126,867		(34,980		)	154,587
Derivative Liability	18,594		12,437		—		—		—			31,031
Other Liabilities	—		4,185		—		3,500		—			7,685
Long-Term Debt:
Revolving credit loans	96,000		—		—		—		—			96,000
Term debt	355,690		253,677		14,333		—		—			623,700
Notes	294,897		205,103		401,255		—		—			901,255
	746,587		458,780		415,588		—		—			1,620,955
Equity	22,526		166,295		105,315		998,994		(1,270,604		)	22,526
	$	901,516	$	885,219	$	603,552	$	1,501,662	$	(1,876,293	)	$	2,015,656

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 March 30, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	4,755		$	8,679		$	151		$	40,312		$	(13,431	)	$	40,466
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			1			4,984			—			4,985
Operating expenses	1,348			22,462			6,937			63,034			(13,431		)	80,350
Selling, general and administrative	1,396			16,672			873			2,463			—			21,404
Depreciation and amortization	474			9			—			3,824			—			4,307
Gain on sale of other assets	—			—			—			—			—			—
Loss on impairment / retirement of fixed assets, net	249			—			—			748			—			997
	3,467			39,143			7,811			75,053			(13,431		)	112,043
Operating income	1,288			(30,464		)	(7,660		)	(34,741		)	—			(71,577		)
Interest expense (income), net	10,199			7,011			9,468			(2,019		)	—			24,659
Net effect of swaps	194			177			—			—			—			371
Unrealized / realized foreign currency gain	—			—			17,184			—			—			17,184
Other (income) expense	187			(3,274		)	374			2,713			—			—
Loss from investment in affiliates	73,588			47,143			4,064			28,244			(153,039		)	—
Loss before taxes	(82,880		)	(81,521		)	(38,750		)	(63,679		)	153,039			(113,791		)
Provision (benefit) for taxes	660			(10,422		)	(10,506		)	(9,983		)	—			(30,251		)
Net loss	$	(83,540	)	$	(71,099	)	$	(28,244	)	$	(53,696	)	$	153,039		$	(83,540	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,621			—			1,621			—			(1,621		)	1,621
Unrealized income (loss) on cash flow hedging derivatives	(650		)	(173		)	—			—			173			(650		)
Other comprehensive income (loss), (net of tax)	971			(173		)	1,621			—			(1,448		)	971
Total Comprehensive Income	$	(82,569	)	$	(71,272	)	$	(26,623	)	$	(53,696	)	$	151,591		$	(82,569	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2013

(In thousands)

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

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended March 30, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,907		$	296,385		$	127,554		$	1,005,271		$	(448,878	)	$	1,133,239
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			9,323			82,397			—			91,720
Operating expenses	5,928			184,460			48,766			685,761			(448,878		)	476,037
Selling, general and administrative	5,821			100,884			11,146			34,926			—			152,777
Depreciation and amortization	36,806			37			17,333			67,832			—			122,008
(Gain) on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	637			—			1			2,298			—			2,936
	49,192			285,381			86,569			864,471			(448,878		)	836,735
Operating income	103,715			11,004			40,985			140,800			—			296,504
Interest (income) expense, net	42,317			28,209			39,080			(7,753		)	—			101,853
Net effect of swaps	(1,251		)	(706		)	—			—			—			(1,957		)
Loss on early debt extinguishment	—			—			—			—			—			—
Unrealized / realized foreign currency loss	—			—			37,167			—			—			37,167
Other (income) expense	749			(12,143		)	3,253			8,141			—			—
Income (loss) from investment in affiliates	(82,065		)	(26,017		)	(16,894		)	9,494			115,482			—
Income (loss) before taxes	143,965			21,661			(21,621		)	130,918			(115,482		)	159,441
Provision (benefit) for taxes	10,175			(4,890		)	(12,108		)	32,474			—			25,651
Net income (loss)	$	133,790		$	26,551		$	(9,513	)	$	98,444		$	(115,482	)	$	133,790
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	4,076			—			4,076			—			(4,076		)	4,076
Unrealized income on cash flow hedging derivatives	1,201			140			—			—			(140		)	1,201
Other comprehensive income, (net of tax)	5,277			140			4,076			—			(4,216		)	5,277
Total Comprehensive Income	$	139,067		$	26,691		$	(5,437	)	$	98,444		$	(119,698	)	$	139,067

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended March 31, 2013

(In thousands)

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

Condensed Consolidating Statement of Cash Flows

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 30, 2014

(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	$	(73,627	)	$	(3,001	)	$	(26,042	)	$	20,317		$	(903	)	$	(83,256	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Capital expenditures	(16,379		)	(4		)	(5,077		)	(18,882		)	—			(40,342		)
Net cash from investing activities	(16,379		)	(4		)	(5,077		)	(18,882		)	—			(40,342		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	55,000			—			—			—			—			55,000
Distributions paid	(39,994		)	—			—			—			903			(39,091		)
Excess tax benefit from unit-based compensation expense	—			(568		)	—			—			—			(568		)
Net cash (for) financing activities	15,006			(568		)	—			—			903			15,341
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(932		)	—			—			(932		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(75,000		)	(3,573		)	(32,051		)	1,435			—			(109,189		)
Balance, beginning of period	75,000			4,144			35,575			3,337			—			118,056
Balance, end of period	$	—		$	571		$	3,524		$	4,772		$	—		$	8,867

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)				Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations		Total
NET CASH FROM OPERATING ACTIVITIES	$	(52,034	)	$	8,508			$	(44,472	)	$	19,331		$	—	$	(68,667	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Capital expenditures	(17,866		)	—				(600		)	(17,363		)	—		(35,829		)
Net cash (for) investing activities	(17,866		)	—				(600		)	(17,363		)	—		(35,829		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	96,000			—				—			—			—		96,000
Term debt borrowings	359,022			256,500			—	14,478			—			—		630,000
Note borrowings	294,897			205,103				—			—			—		500,000
Payment of debt issuance costs	(14,763		)	(8,538		)		(190		)	—			—		(23,491		)
Term debt payments, including early termination penalties	(654,568		)	(462,054		)		(14,478		)	—			—		(1,131,100		)
Distributions paid	(35,688		)	868				—			—			—		(34,820		)
Exercise of limited partnership unit options	—			28				—			—			—		28
Excess tax benefit from unit-based compensation expense	—			(127		)		—			—			—		(127		)
Net cash from (for) financing activities	44,900			(8,220		)		(190		)	—			—		36,490
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				(786		)	—			—		(786		)
CASH AND CASH EQUIVALENTS
Net increase for the period	(25,000		)	288				(46,048		)	1,968			—		(68,792		)
Balance, beginning of period	25,000			444				50,173			3,213			—		78,830
Balance, end of period	$	—		$	732			$	4,125		$	5,181		$	—	$	10,038

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 30, 2014

(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	$	253,410		$	3,318		$	15,737		$	40,148		$	(3,531	)	$	309,082
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Sale of other assets	—			—			—			15,297			—			15,297
Capital expenditures	(54,767		)	(4		)	(14,201		)	(55,854		)	—			(124,826		)
Net cash (for) investing activities	(54,767		)	(4		)	(14,201		)	(40,557		)	—			(109,529		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(41,000		)	—			—			—			—			(41,000		)
Term debt payments, including early termination penalties	(6,612		)	(4,281		)	(257		)	—			—			(11,150		)
Distributions paid	(151,259		)	—			—			—			3,531			(147,728		)
Exercise of limited partnership unit options	—			24			—			—			—			24
Payment of debt issuance costs	228			368			(354		)	—			—			242
Excess tax benefit from unit-based compensation expense	—			414			—			—			—			414
Net cash (for) financing activities	(198,643		)	(3,475		)	(611		)	—			3,531			(199,198		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(1,526		)	—			—			(1,526		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			(161		)	(601		)	(409		)	—			(1,171		)
Balance, beginning of period	—			732			4,125			5,181			—			10,038
Balance, end of period	$	—		$	571		$	3,524		$	4,772		$	—		$	8,867

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	231,264		$	(87,117	)	$	14,067		$	139,733		$	—		$	297,947
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany term debt receipts	—			104,165			—			—			(104,165		)	—
Sale of other assets	1,173			—			—			14,885			—			16,058
Capital expenditures	(43,156		)	(8		)	(8,023		)	(52,075		)	—			(103,262		)
Net cash (for) investing activities	(41,983		)	104,157			(8,023		)	(37,190		)	(104,165		)	(87,204		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(57,000		)	—			(2,004		)	—			—			(59,004		)
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Intercompany term debt payments	—			—			—			(104,165		)	104,165			—
Term debt payments, including early termination penalties	(669,035		)	(472,267		)	(14,798		)	—			—			(1,156,100		)
Distributions paid	(102,402		)	920			—			—			—			(101,482		)
Payment of debt issuance costs	(14,763		)	(8,537		)	(191		)	—			—			(23,491		)
Exercise of limited partnership unit options	—			57			—			—			—			57
Excess tax benefit from unit-based compensation	—			1,519			—			—			—			1,519
Net cash from (for) financing activities	(189,281		)	(16,705		)	(2,515		)	(104,165		)	104,165			(208,501		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			477			—			—			477
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			335			4,006			(1,622		)	—			2,719
Balance, beginning of period	—			397			119			6,803			—			7,319
Balance, end of period	$	—		$	732		$	4,125		$	5,181		$	—		$	10,038

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Consolidating Financial Information of Guarantors and Issuers Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Mar. 30, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012	Mar. 25, 2012
Current Assets:
Cash and cash equivalents	$ 8,867	$ 118,056	$ 10,038	$ 78,830	$ 7,319
Receivables	19,630	21,333	13,342
Inventories	38,264	26,080	39,063
Current deferred tax asset	26,653	9,675	36,022
Other current assets	30,020	11,353	27,715
Total current assets	123,434	186,497	126,180
Property and equipment (net)	1,533,962	1,505,763	1,570,852
Investment In Park	0	0	0
Goodwill	233,528	238,089	243,653	246,221
Other intangibes, net	38,920	39,471	40,323
Deferred Tax Asset	0	0	0
Intercompany Receivable	0
Other Assets	43,391	44,807	34,648
Assets	1,973,235	2,014,627	2,015,656
Current Liabilities:
Current maturities of long-term debt	1,450	0	6,300
Accounts payable	45,028	13,222	37,443
Deferred revenue	70,148	44,521	66,184
Accrued interest	10,073	23,201	8,339
Accrued taxes	6,452	19,481	9,000
Accrued salaries, wages and benefits	24,519	29,200	20,182
Self-insurance reserves	22,696	23,653	23,557
Other accrued liabilities	4,896	5,521	7,867
Total current liabilities	185,262	158,799	178,872
Deferred Tax Liability	157,281	158,113	154,587
Derivative Liability	27,789	26,662	31,031
Other Liabilities	7,755	11,290	7,685
Long-term Line of Credit, Noncurrent	55,000	0	96,000
Long-Term Debt:
Term debt	617,400	618,850	623,700
Notes	901,957	901,782	901,255
Total long-term debt	1,574,357	1,520,632	1,620,955
Equity	20,791	139,131	22,526
Total Partners' Equity and Liabilities	1,973,235	2,014,627	2,015,656
Cedar Fair L.P. (Parent) [Member]
Current Assets:
Cash and cash equivalents	0	75,000	0	25,000	0
Receivables	59	6	682
Inventories	0	0	0
Current deferred tax asset	0	0	0
Other current assets	325	599	207
Total current assets	384	75,605	889
Property and equipment (net)	455,780	447,724	457,484
Investment In Park	443,179	514,948	419,501
Goodwill	9,061	9,061	9,061
Other intangibes, net	0	0	0
Deferred Tax Asset	0	0	0
Intercompany Receivable	0
Other Assets	12,213	25,210	14,581
Assets	920,617	1,072,548	901,516
Current Liabilities:
Current maturities of long-term debt	827		3,332
Accounts payable	173,364	259,850	103,654
Deferred revenue	0	0	0
Accrued interest	2,580	4,637	1,444
Accrued taxes	4,757	4,609	4,790
Accrued salaries, wages and benefits	0	0	0
Self-insurance reserves	0	0	0
Other accrued liabilities	280	1,146	589
Total current liabilities	181,808	270,242	113,809
Deferred Tax Liability	0	0	0
Derivative Liability	16,281	15,610	18,594
Other Liabilities	0	0	0
Long-term Line of Credit, Noncurrent	55,000		96,000
Long-Term Debt:
Term debt	351,840	352,668	355,690
Notes	294,897	294,897	294,897
Total long-term debt	701,737	647,565	746,587
Equity	20,791	139,131	22,526
Total Partners' Equity and Liabilities	920,617	1,072,548	901,516
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]
Current Assets:
Cash and cash equivalents	571	4,144	732	444	397
Receivables	96,547	115,972	79,472
Inventories	3,794	1,968	3,645
Current deferred tax asset	22,409	5,430	31,543
Other current assets	10,578	4,443	9,630
Total current assets	133,899	131,957	125,022
Property and equipment (net)	8,110	976	1,003
Investment In Park	744,425	796,735	714,013
Goodwill	0	0	0
Other intangibes, net	0	0	0
Deferred Tax Asset	30,296	31,122	34,890
Intercompany Receivable	0
Other Assets	22,179	10,002	10,291
Assets	938,909	970,792	885,219
Current Liabilities:
Current maturities of long-term debt	590		2,823
Accounts payable	230,516	188,818	215,425
Deferred revenue	85	0	0
Accrued interest	1,567	3,223	916
Accrued taxes	849	0	390
Accrued salaries, wages and benefits	18,183	21,596	13,483
Self-insurance reserves	5,431	5,757	5,324
Other accrued liabilities	3,086	2,993	5,161
Total current liabilities	260,307	222,387	243,522
Deferred Tax Liability	0	0	0
Derivative Liability	11,508	11,052	12,437
Other Liabilities	4,358	7,858	4,185
Long-term Line of Credit, Noncurrent	0		0
Long-Term Debt:
Term debt	251,371	251,961	253,677
Notes	205,103	205,103	205,103
Total long-term debt	456,474	457,064	458,780
Equity	206,262	272,431	166,295
Total Partners' Equity and Liabilities	938,909	970,792	885,219
Co-Issuer Subsidiary (Cedar Canada) [Member]
Current Assets:
Cash and cash equivalents	3,524	35,575	4,125	50,173	119
Receivables	76,669	67,829	67,302
Inventories	2,841	1,898	3,032
Current deferred tax asset	800	800	816
Other current assets	5,589	14,266	1,618
Total current assets	89,423	120,368	76,893
Property and equipment (net)	240,175	243,208	262,941
Investment In Park	138,604	142,668	115,401
Goodwill	113,249	117,810	123,374
Other intangibes, net	16,037	16,683	17,470
Deferred Tax Asset	0	0	0
Intercompany Receivable	0
Other Assets	6,087	6,657	7,473
Assets	603,575	647,394	603,552
Current Liabilities:
Current maturities of long-term debt	33		145
Accounts payable	10,818	17,632	3,891
Deferred revenue	4,048	2,815	6,679
Accrued interest	5,926	15,341	5,979
Accrued taxes	0	0	331
Accrued salaries, wages and benefits	503	1,101	1,095
Self-insurance reserves	1,664	1,742	1,696
Other accrued liabilities	125	181	133
Total current liabilities	23,117	38,812	19,949
Deferred Tax Liability	56,045	57,704	62,700
Derivative Liability	0	0	0
Other Liabilities	0	0	0
Long-term Line of Credit, Noncurrent	0		0
Long-Term Debt:
Term debt	14,189	14,221	14,333
Notes	401,957	401,782	401,255
Total long-term debt	416,146	416,003	415,588
Equity	108,267	134,875	105,315
Total Partners' Equity and Liabilities	603,575	647,394	603,552
Guarantor Subsidiaries [Member]
Current Assets:
Cash and cash equivalents	4,772	3,337	5,181	3,213	6,803
Receivables	530,662	552,633	436,595
Inventories	31,629	22,214	32,386
Current deferred tax asset	3,444	3,445	3,663
Other current assets	15,891	7,764	16,260
Total current assets	586,398	589,393	494,085
Property and equipment (net)	829,897	813,855	849,424
Investment In Park	35,052	63,948	21,689
Goodwill	111,218	111,218	111,218
Other intangibes, net	22,883	22,788	22,853
Deferred Tax Asset	117	117	90
Intercompany Receivable	0
Other Assets	2,912	2,938	2,303
Assets	1,588,477	1,604,257	1,501,662
Current Liabilities:
Current maturities of long-term debt	0		0
Accounts payable	314,637	262,029	285,182
Deferred revenue	66,015	41,706	59,505
Accrued interest	0	0	0
Accrued taxes	3,209	30,591	3,489
Accrued salaries, wages and benefits	5,833	6,503	5,604
Self-insurance reserves	15,601	16,154	16,537
Other accrued liabilities	1,405	1,201	1,984
Total current liabilities	406,700	358,184	372,301
Deferred Tax Liability	131,649	131,648	126,867
Derivative Liability	0	0	0
Other Liabilities	3,397	3,432	3,500
Long-term Line of Credit, Noncurrent	0		0
Long-Term Debt:
Term debt	0	0	0
Notes	0	0	0
Total long-term debt	0	0	0
Equity	1,046,731	1,110,993	998,994
Total Partners' Equity and Liabilities	1,588,477	1,604,257	1,501,662
Eliminations [Member]
Current Assets:
Cash and cash equivalents	0	0	0	0	0
Receivables	(684,307)	(715,107)	(570,709)
Inventories	0	0	0
Current deferred tax asset	0	0	0
Other current assets	(2,363)	(15,719)	0
Total current assets	(686,670)	(730,826)	(570,709)
Property and equipment (net)	0	0	0
Investment In Park	(1,361,260)	(1,518,299)	(1,270,604)
Goodwill	0	0	0
Other intangibes, net	0	0	0
Deferred Tax Asset	(30,413)	(31,239)	(34,980)
Intercompany Receivable	0
Other Assets	0	0	0
Assets	(2,078,343)	(2,280,364)	(1,876,293)
Current Liabilities:
Current maturities of long-term debt	0		0
Accounts payable	(684,307)	(715,107)	(570,709)
Deferred revenue	0	0	0
Accrued interest	0	0	0
Accrued taxes	(2,363)	(15,719)	0
Accrued salaries, wages and benefits	0	0	0
Self-insurance reserves	0	0	0
Other accrued liabilities	0	0	0
Total current liabilities	(686,670)	(730,826)	(570,709)
Deferred Tax Liability	(30,413)	(31,239)	(34,980)
Derivative Liability	0	0	0
Other Liabilities	0	0	0
Long-term Line of Credit, Noncurrent	0		0
Long-Term Debt:
Term debt	0	0	0
Notes	0	0	0
Total long-term debt	0	0	0
Equity	(1,361,260)	(1,518,299)	(1,270,604)
Total Partners' Equity and Liabilities	$ (2,078,343)	$ (2,280,364)	$ (1,876,293)

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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, 2013	$ 139,131	$ 148,847	$ 2	$ 5,290		$ 5	$ (15,013)
Beginning balance, units at Dec. 31, 2013		55,716
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Limited partnership unit options exercised		7
Issuance of limited partnership units as compensation		112
Net loss	(83,540)	(83,539)	(1)
Partnership distribution declared ($0.70 per limited partnership unit)		(39,091)
Expense recognized for limited partnership unit options		223
Tax effect of units involved in option exercises and treasury unit transactions		(568)
Issuance of limited partnership units as compensation		3,665
Weighted average limited partner units outstanding	55,500
Current period activity, net of tax $106 at Mar. 30, 2014	(650)						(650)
Ending balance, value at Mar. 30, 2014	20,791	29,537	1	5,290	(14,037)	1,626	(15,663)
Current period activity, net of tax ($932) at Mar. 30, 2014	$ 1,621					$ 1,621
Ending balance, units at Mar. 30, 2014		55,835

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Interim Reporting

3 Months Ended

Mar. 30, 2014

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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Interim Reporting (Details)	3 Months Ended
	Mar. 30, 2014
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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Changes in Accumulated Other Comprehensive Income by Component Changes in AOCI by Component (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Mar. 30, 2014	Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	$ (15,008)	$ (28,500)	$ (19,314)	$ (29,838)
Other comprehensive income before reclassifications	(707)	2,241	(1,438)	3,827
Amounts reclassified from accumulated other comprehensive income	1,678	6,945	6,715	6,697
Net current-period other comprehensive income	971	9,186	5,277	10,524
Balance, ending	(14,037)	(19,314)	(14,037)	(19,314)
Other Comprehensive income before reclassification tax effect	413	326	1,144	(298)
Foreign currency translation adjustment, tax	(932)	(174)	(2,343)	(1,058)
Provision (benefit) for taxes	30,251	35,659	(25,651)	(17,638)
Gains and Losses on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	(15,013)	(25,749)	(16,864)	(25,549)
Other comprehensive income before reclassifications	(2,328)	1,940	(5,514)	1,988
Amounts reclassified from accumulated other comprehensive income	1,678	6,945	6,715	6,697
Net current-period other comprehensive income	(650)	8,885	1,201	8,685
Balance, ending	(15,663)	(16,864)	(15,663)	(16,864)
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	5	(2,751)	(2,450)	(4,289)
Other comprehensive income before reclassifications	1,621	301	4,076	1,839
Amounts reclassified from accumulated other comprehensive income	0	0	0	0
Net current-period other comprehensive income	1,621	301	4,076	1,839
Balance, ending	1,626	(2,450)	1,626	(2,450)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Provision (benefit) for taxes	$ (307)	$ (1,229)	$ (1,228)	$ (1,445)

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Consolidating Financial Information of Guarantors and Issuers

3 Months Ended

Mar. 30, 2014

Condensed Consolidated Financial Information [Abstract]

Consolidating Financial Information of Guarantors and Issuers

Consolidating Financial Information of Guarantors and Issuers:

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

The following consolidating schedules present condensed financial information for Cedar Fair, L.P., Cedar Canada, and Magnum, the co-issuers, and each 100% owned subsidiary of Cedar Fair (other than Cedar Canada and Magnum), the guarantors (on a combined basis), as of March 30, 2014, December 31, 2013, and March 31, 2013 and for the three and twelve month periods ended March 30, 2014 and March 31, 2013. In lieu of providing separate unaudited financial statements for the guarantor subsidiaries, the Partnership has included the accompanying condensed consolidating financial statements.

The Partnership adopted 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" as of January 1, 2014. The debt disclosed on the unaudited balance sheets as of March 31, 2014, December 31, 2013 and March 31, 2013 reflect the adoption of this guidance. For the periods ended December 31, 2013 and March 31, 2013, the debt disclosed and related items have been adjusted to reflect only the amounts of debt Cedar Fair, L.P, Cedar Canada, and Magnum have recorded on their books.

In addition to making the retrospective adjustments to the balance sheets related to the adoption of ASU 2013-14, the Unaudited Condensed Consolidating Statements of Cash Flows for the three and twelve month periods ended March 31, 2013 have been revised to correct the presentation of income from investments in affiliates and other intercompany transactions as an adjustment to cash flows from operating activities. We previously reported the following amounts as cash flows from (for) investing activities.

(in thousands)	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries		Eliminations			Total
Three months ended March 31, 2013
Investment in joint ventures and affiliates	$	65,636	$	58,171		$	(2,442	)	$	32,098	$	(153,463	)	$	—
Twelve months ended March 31, 2013
Investment in joint ventures and affiliates	43,043		(49,642		)	(2,479		)	4,568		4,510			—

In addition, the Unaudited Condensed Consolidating Statement of Cash Flows for the twelve month period ended March 31, 2013 has been revised to correct the presentation of cash received by a co-issuer subsidiary (Magnum), related to intercompany term debt as cash flows from investing activities. We previously reported an $104.2 million intercompany term debt receipt as cash flows from financing activities.

These revisions had no effect on the Partnership's Unaudited Condensed Consolidated Balance Sheets, Statements of Operations and Comprehensive Income, Statements of Partner's Equity, or Statements of Cash Flows.

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 30, 2014

(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	$	—	$	571	$	3,524	$	4,772	$	—		$	8,867
Receivables	59		96,547		76,669		530,662		(684,307		)	19,630
Inventories	—		3,794		2,841		31,629		—			38,264
Current deferred tax asset	—		22,409		800		3,444		—			26,653
Other current assets	325		10,578		5,589		15,891		(2,363		)	30,020
	384		133,899		89,423		586,398		(686,670		)	123,434
Property and Equipment (net)	455,780		8,110		240,175		829,897		—			1,533,962
Investment in Park	443,179		744,425		138,604		35,052		(1,361,260		)	—
Goodwill	9,061		—		113,249		111,218		—			233,528
Other Intangibles, net	—		—		16,037		22,883		—			38,920
Deferred Tax Asset	—		30,296		—		117		(30,413		)	—
Intercompany Receivable	—		—		—		—		—			—
Other Assets	12,213		22,179		6,087		2,912		—			43,391
	$	920,617	$	938,909	$	603,575	$	1,588,477	$	(2,078,343	)	$	1,973,235
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	827	$	590	$	33	$	—	$	—		$	1,450
Accounts payable	173,364		230,516		10,818		314,637		(684,307		)	45,028
Deferred revenue	—		85		4,048		66,015		—			70,148
Accrued interest	2,580		1,567		5,926		—		—			10,073
Accrued taxes	4,757		849		—		3,209		(2,363		)	6,452
Accrued salaries, wages and benefits	—		18,183		503		5,833		—			24,519
Self-insurance reserves	—		5,431		1,664		15,601		—			22,696
Other accrued liabilities	280		3,086		125		1,405		—			4,896
	181,808		260,307		23,117		406,700		(686,670		)	185,262
Deferred Tax Liability	—		—		56,045		131,649		(30,413		)	157,281
Derivative Liability	16,281		11,508		—		—		—			27,789
Other Liabilities	—		4,358		—		3,397		—			7,755
Long-Term Debt:
Revolving credit loans	55,000		—		—		—		—			55,000
Term debt	351,840		251,371		14,189		—		—			617,400
Notes	294,897		205,103		401,957		—		—			901,957
	701,737		456,474		416,146		—		—			1,574,357
Equity	20,791		206,262		108,267		1,046,731		(1,361,260		)	20,791
	$	920,617	$	938,909	$	603,575	$	1,588,477	$	(2,078,343	)	$	1,973,235

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	75,000	$	4,144	$	35,575	$	3,337	$	—		$	118,056
Receivables	6		115,972		67,829		552,633		(715,107		)	21,333
Inventories	—		1,968		1,898		22,214		—			26,080
Current deferred tax asset	—		5,430		800		3,445		—			9,675
Other current assets	599		4,443		14,266		7,764		(15,719		)	11,353
	75,605		131,957		120,368		589,393		(730,826		)	186,497
Property and Equipment (net)	447,724		976		243,208		813,855		—			1,505,763
Investment in Park	514,948		796,735		142,668		63,948		(1,518,299		)	—
Goodwill	9,061		—		117,810		111,218		—			238,089
Other Intangibles, net	—		—		16,683		22,788		—			39,471
Deferred Tax Asset	—		31,122		—		117		(31,239		)	—
Other Assets	25,210		10,002		6,657		2,938		—			44,807
	$	1,072,548	$	970,792	$	647,394	$	1,604,257	$	(2,280,364	)	$	2,014,627
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	259,850	$	188,818	$	17,632	$	262,029	$	(715,107	)	$	13,222
Deferred revenue	—		—		2,815		41,706		—			44,521
Accrued interest	4,637		3,223		15,341		—		—			23,201
Accrued taxes	4,609		—		—		30,591		(15,719		)	19,481
Accrued salaries, wages and benefits	—		21,596		1,101		6,503		—			29,200
Self-insurance reserves	—		5,757		1,742		16,154		—			23,653
Other accrued liabilities	1,146		2,993		181		1,201		—			5,521
	270,242		222,387		38,812		358,184		(730,826		)	158,799
Deferred Tax Liability	—		—		57,704		131,648		(31,239		)	158,113
Derivative Liability	15,610		11,052		—		—		—			26,662
Other Liabilities	—		7,858		—		3,432		—			11,290
Long-Term Debt:
Term debt	352,668		251,961		14,221		—		—			618,850
Notes	294,897		205,103		401,782		—		—			901,782
	647,565		457,064		416,003		—		—			1,520,632
Equity	139,131		272,431		134,875		1,110,993		(1,518,299		)	139,131
	$	1,072,548	$	970,792	$	647,394	$	1,604,257	$	(2,280,364	)	$	2,014,627

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	732	$	4,125	$	5,181	$	—		$	10,038
Receivables	682		79,472		67,302		436,595		(570,709		)	13,342
Inventories	—		3,645		3,032		32,386		—			39,063
Current deferred tax asset	—		31,543		816		3,663		—			36,022
Other current assets	207		9,630		1,618		16,260		—			27,715
	889		125,022		76,893		494,085		(570,709		)	126,180
Property and Equipment (net)	457,484		1,003		262,941		849,424		—			1,570,852
Investment in Park	419,501		714,013		115,401		21,689		(1,270,604		)	—
Goodwill	9,061		—		123,374		111,218		—			243,653
Other Intangibles, net	—		—		17,470		22,853		—			40,323
Deferred Tax Asset	—		34,890		—		90		(34,980		)	—
Other Assets	14,581		10,291		7,473		2,303		—			34,648
	$	901,516	$	885,219	$	603,552	$	1,501,662	$	(1,876,293	)	$	2,015,656
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	3,332	$	2,823	$	145	$	—	$	—		$	6,300
Accounts payable	103,654		215,425		3,891		285,182		(570,709		)	37,443
Deferred revenue	—		—		6,679		59,505		—			66,184
Accrued interest	1,444		916		5,979		—		—			8,339
Accrued taxes	4,790		390		331		3,489		—			9,000
Accrued salaries, wages and benefits	—		13,483		1,095		5,604		—			20,182
Self-insurance reserves	—		5,324		1,696		16,537		—			23,557
Other accrued liabilities	589		5,161		133		1,984		—			7,867
	113,809		243,522		19,949		372,301		(570,709		)	178,872
Deferred Tax Liability	—		—		62,700		126,867		(34,980		)	154,587
Derivative Liability	18,594		12,437		—		—		—			31,031
Other Liabilities	—		4,185		—		3,500		—			7,685
Long-Term Debt:
Revolving credit loans	96,000		—		—		—		—			96,000
Term debt	355,690		253,677		14,333		—		—			623,700
Notes	294,897		205,103		401,255		—		—			901,255
	746,587		458,780		415,588		—		—			1,620,955
Equity	22,526		166,295		105,315		998,994		(1,270,604		)	22,526
	$	901,516	$	885,219	$	603,552	$	1,501,662	$	(1,876,293	)	$	2,015,656

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 30, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	4,755		$	8,679		$	151		$	40,312		$	(13,431	)	$	40,466
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			1			4,984			—			4,985
Operating expenses	1,348			22,462			6,937			63,034			(13,431		)	80,350
Selling, general and administrative	1,396			16,672			873			2,463			—			21,404
Depreciation and amortization	474			9			—			3,824			—			4,307
Gain on sale of other assets	—			—			—			—			—			—
Loss on impairment / retirement of fixed assets, net	249			—			—			748			—			997
	3,467			39,143			7,811			75,053			(13,431		)	112,043
Operating income	1,288			(30,464		)	(7,660		)	(34,741		)	—			(71,577		)
Interest expense (income), net	10,199			7,011			9,468			(2,019		)	—			24,659
Net effect of swaps	194			177			—			—			—			371
Unrealized / realized foreign currency gain	—			—			17,184			—			—			17,184
Other (income) expense	187			(3,274		)	374			2,713			—			—
Loss from investment in affiliates	73,588			47,143			4,064			28,244			(153,039		)	—
Loss before taxes	(82,880		)	(81,521		)	(38,750		)	(63,679		)	153,039			(113,791		)
Provision (benefit) for taxes	660			(10,422		)	(10,506		)	(9,983		)	—			(30,251		)
Net loss	$	(83,540	)	$	(71,099	)	$	(28,244	)	$	(53,696	)	$	153,039		$	(83,540	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,621			—			1,621			—			(1,621		)	1,621
Unrealized income (loss) on cash flow hedging derivatives	(650		)	(173		)	—			—			173			(650		)
Other comprehensive income (loss), (net of tax)	971			(173		)	1,621			—			(1,448		)	971
Total Comprehensive Income	$	(82,569	)	$	(71,272	)	$	(26,623	)	$	(53,696	)	$	151,591		$	(82,569	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2013

(In thousands)

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

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended March 30, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,907		$	296,385		$	127,554		$	1,005,271		$	(448,878	)	$	1,133,239
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			9,323			82,397			—			91,720
Operating expenses	5,928			184,460			48,766			685,761			(448,878		)	476,037
Selling, general and administrative	5,821			100,884			11,146			34,926			—			152,777
Depreciation and amortization	36,806			37			17,333			67,832			—			122,008
(Gain) on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	637			—			1			2,298			—			2,936
	49,192			285,381			86,569			864,471			(448,878		)	836,735
Operating income	103,715			11,004			40,985			140,800			—			296,504
Interest (income) expense, net	42,317			28,209			39,080			(7,753		)	—			101,853
Net effect of swaps	(1,251		)	(706		)	—			—			—			(1,957		)
Loss on early debt extinguishment	—			—			—			—			—			—
Unrealized / realized foreign currency loss	—			—			37,167			—			—			37,167
Other (income) expense	749			(12,143		)	3,253			8,141			—			—
Income (loss) from investment in affiliates	(82,065		)	(26,017		)	(16,894		)	9,494			115,482			—
Income (loss) before taxes	143,965			21,661			(21,621		)	130,918			(115,482		)	159,441
Provision (benefit) for taxes	10,175			(4,890		)	(12,108		)	32,474			—			25,651
Net income (loss)	$	133,790		$	26,551		$	(9,513	)	$	98,444		$	(115,482	)	$	133,790
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	4,076			—			4,076			—			(4,076		)	4,076
Unrealized income on cash flow hedging derivatives	1,201			140			—			—			(140		)	1,201
Other comprehensive income, (net of tax)	5,277			140			4,076			—			(4,216		)	5,277
Total Comprehensive Income	$	139,067		$	26,691		$	(5,437	)	$	98,444		$	(119,698	)	$	139,067

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended March 31, 2013

(In thousands)

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

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 30, 2014

(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	$	(73,627	)	$	(3,001	)	$	(26,042	)	$	20,317		$	(903	)	$	(83,256	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Capital expenditures	(16,379		)	(4		)	(5,077		)	(18,882		)	—			(40,342		)
Net cash from investing activities	(16,379		)	(4		)	(5,077		)	(18,882		)	—			(40,342		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	55,000			—			—			—			—			55,000
Distributions paid	(39,994		)	—			—			—			903			(39,091		)
Excess tax benefit from unit-based compensation expense	—			(568		)	—			—			—			(568		)
Net cash (for) financing activities	15,006			(568		)	—			—			903			15,341
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(932		)	—			—			(932		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(75,000		)	(3,573		)	(32,051		)	1,435			—			(109,189		)
Balance, beginning of period	75,000			4,144			35,575			3,337			—			118,056
Balance, end of period	$	—		$	571		$	3,524		$	4,772		$	—		$	8,867

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)				Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations		Total
NET CASH FROM OPERATING ACTIVITIES	$	(52,034	)	$	8,508			$	(44,472	)	$	19,331		$	—	$	(68,667	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Capital expenditures	(17,866		)	—				(600		)	(17,363		)	—		(35,829		)
Net cash (for) investing activities	(17,866		)	—				(600		)	(17,363		)	—		(35,829		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	96,000			—				—			—			—		96,000
Term debt borrowings	359,022			256,500			—	14,478			—			—		630,000
Note borrowings	294,897			205,103				—			—			—		500,000
Payment of debt issuance costs	(14,763		)	(8,538		)		(190		)	—			—		(23,491		)
Term debt payments, including early termination penalties	(654,568		)	(462,054		)		(14,478		)	—			—		(1,131,100		)
Distributions paid	(35,688		)	868				—			—			—		(34,820		)
Exercise of limited partnership unit options	—			28				—			—			—		28
Excess tax benefit from unit-based compensation expense	—			(127		)		—			—			—		(127		)
Net cash from (for) financing activities	44,900			(8,220		)		(190		)	—			—		36,490
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				(786		)	—			—		(786		)
CASH AND CASH EQUIVALENTS
Net increase for the period	(25,000		)	288				(46,048		)	1,968			—		(68,792		)
Balance, beginning of period	25,000			444				50,173			3,213			—		78,830
Balance, end of period	$	—		$	732			$	4,125		$	5,181		$	—	$	10,038

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 30, 2014

(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	$	253,410		$	3,318		$	15,737		$	40,148		$	(3,531	)	$	309,082
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Sale of other assets	—			—			—			15,297			—			15,297
Capital expenditures	(54,767		)	(4		)	(14,201		)	(55,854		)	—			(124,826		)
Net cash (for) investing activities	(54,767		)	(4		)	(14,201		)	(40,557		)	—			(109,529		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(41,000		)	—			—			—			—			(41,000		)
Term debt payments, including early termination penalties	(6,612		)	(4,281		)	(257		)	—			—			(11,150		)
Distributions paid	(151,259		)	—			—			—			3,531			(147,728		)
Exercise of limited partnership unit options	—			24			—			—			—			24
Payment of debt issuance costs	228			368			(354		)	—			—			242
Excess tax benefit from unit-based compensation expense	—			414			—			—			—			414
Net cash (for) financing activities	(198,643		)	(3,475		)	(611		)	—			3,531			(199,198		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(1,526		)	—			—			(1,526		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			(161		)	(601		)	(409		)	—			(1,171		)
Balance, beginning of period	—			732			4,125			5,181			—			10,038
Balance, end of period	$	—		$	571		$	3,524		$	4,772		$	—		$	8,867

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	231,264		$	(87,117	)	$	14,067		$	139,733		$	—		$	297,947
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany term debt receipts	—			104,165			—			—			(104,165		)	—
Sale of other assets	1,173			—			—			14,885			—			16,058
Capital expenditures	(43,156		)	(8		)	(8,023		)	(52,075		)	—			(103,262		)
Net cash (for) investing activities	(41,983		)	104,157			(8,023		)	(37,190		)	(104,165		)	(87,204		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(57,000		)	—			(2,004		)	—			—			(59,004		)
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Intercompany term debt payments	—			—			—			(104,165		)	104,165			—
Term debt payments, including early termination penalties	(669,035		)	(472,267		)	(14,798		)	—			—			(1,156,100		)
Distributions paid	(102,402		)	920			—			—			—			(101,482		)
Payment of debt issuance costs	(14,763		)	(8,537		)	(191		)	—			—			(23,491		)
Exercise of limited partnership unit options	—			57			—			—			—			57
Excess tax benefit from unit-based compensation	—			1,519			—			—			—			1,519
Net cash from (for) financing activities	(189,281		)	(16,705		)	(2,515		)	(104,165		)	104,165			(208,501		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			477			—			—			477
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			335			4,006			(1,622		)	—			2,719
Balance, beginning of period	—			397			119			6,803			—			7,319
Balance, end of period	$	—		$	732		$	4,125		$	5,181		$	—		$	10,038