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 June 29, 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 August 1, 2014
Units Representing Limited Partner Interests	55,859,519

CEDAR FAIR, L.P.

INDEX

FORM 10 - Q

Part I - Financial Information
Item 1.	Financial Statements	3-35
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	35-45
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	45
Item 4.	Controls and Procedures	45-46
Part II - Other Information
Item 1.	Legal Proceedings	46
Item 1A.	Risk Factors	46
Item 6.	Exhibits	47
Signatures		48
Index to Exhibits		49

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

	6/29/2014			12/31/2013			6/30/2013
ASSETS
Current Assets:
Cash and cash equivalents	$	40,134		$	118,056		$	43,628
Receivables	66,561			21,333			67,199
Inventories	45,571			26,080			45,452
Current deferred tax asset	22,900			9,675			28,302
Prepaid advertising	19,697			2,228			16,614
Other current assets	11,701			9,125			17,274
	206,564			186,497			218,469
Property and Equipment:
Land	283,118			283,313			296,793
Land improvements	371,038			350,869			350,638
Buildings	600,335			584,659			584,545
Rides and equipment	1,567,581			1,494,112			1,506,553
Construction in progress	34,166			44,550			9,498
	2,856,238			2,757,503			2,748,027
Less accumulated depreciation	(1,299,074		)	(1,251,740		)	(1,197,126		)
	1,557,164			1,505,763			1,550,901
Goodwill	237,650			238,089			239,480
Other Intangibles, net	39,509			39,471			39,719
Other Assets	44,909			44,807			32,326
	$	2,085,796		$	2,014,627		$	2,080,895
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	3,025		$	—		$	6,300
Accounts payable	37,503			13,222			34,339
Deferred revenue	133,797			44,521			132,365
Accrued interest	12,516			23,201			23,944
Accrued taxes	7,253			19,481			10,021
Accrued salaries, wages and benefits	35,640			29,200			29,896
Self-insurance reserves	23,659			23,653			24,592
Other accrued liabilities	9,405			5,521			8,789
	262,798			158,799			270,246
Deferred Tax Liability	157,046			158,113			154,292
Derivative Liability	30,110			26,662			26,772
Other Liabilities	7,402			11,290			8,796
Long-Term Debt:
Revolving credit loans	39,000			—			58,000
Term debt	615,825			618,850			622,125
Notes	950,000			901,782			901,431
	1,604,825			1,520,632			1,581,556
Commitments and Contingencies (Note 10)
Partners’ Equity:
Special L.P. interests	5,290			5,290			5,290
General partner	2			2			—
Limited partners, 55,859, 55,716 and 55,713 units outstanding at June 29, 2014, December 31, 2013 and June 30, 2013, respectively	36,918			148,847			49,986
Accumulated other comprehensive loss	(18,595		)	(15,008		)	(16,043		)
	23,615			139,131			39,233
	$	2,085,796		$	2,014,627		$	2,080,895

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						Six months ended						Twelve months ended
	6/29/2014			6/30/2013			6/29/2014			6/30/2013			6/29/2014			6/30/2013
Net revenues:
Admissions	$	206,958		$	202,536		$	226,025		$	222,559		$	650,473		$	621,092
Food, merchandise and games	121,601			119,840			137,987			136,532			357,560			344,879
Accommodations and other	34,455			39,244			39,468			44,328			126,600			120,098
	363,014			361,620			403,480			403,419			1,134,633			1,086,069
Costs and expenses:
Cost of food, merchandise, and games revenues	31,090			31,053			36,075			36,090			91,757			94,565
Operating expenses	147,192			141,284			227,542			217,941			481,945			451,823
Selling, general and administrative	46,617			45,767			68,021			66,806			153,627			142,622
Depreciation and amortization	46,974			46,032			51,281			50,818			122,950			125,136
Gain on sale of other assets	(921		)	—			(921		)	—			(9,664		)	(6,625		)
Loss on impairment / retirement of fixed assets, net	215			29			1,212			629			3,122			31,735
	271,167			264,165			383,210			372,284			843,737			839,256
Operating income	91,847			97,455			20,270			31,135			290,896			246,813
Interest expense	27,907			25,861			52,639			51,624			104,086			105,204
Net effect of swaps	(315		)	(2,273		)	56			6,938			1			6,589
Loss on early debt extinguishment	29,273			—			29,273			34,573			29,273			34,573
Unrealized/realized foreign currency (gain) loss	(16,102		)	14,886			1,082			23,844			6,179			13,737
Other income	(6		)	(69		)	(79		)	(109		)	(124		)	(159		)
Income (loss) before taxes	51,090			59,050			(62,701		)	(85,735		)	151,481			86,869
Provision (benefit) for taxes	7,188			11,660			(23,063		)	(23,999		)	21,179			17,917
Net income (loss)	43,902			47,390			(39,638		)	(61,736		)	130,302			68,952
Net income (loss) allocated to general partner	1			—			—			(1		)	2			—
Net income (loss) allocated to limited partners	$	43,901		$	47,390		$	(39,638	)	$	(61,735	)	$	130,300		$	68,952
Net income (loss)	$	43,902		$	47,390		$	(39,638	)	$	(61,736	)	$	130,302		$	68,952
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,317		)	1,592			(696		)	1,893			167			2,950
Unrealized income (loss) on cash flow hedging derivatives	(2,241		)	1,679			(2,891		)	10,564			(2,719		)	12,735
Other comprehensive income (loss), (net of tax)	(4,558		)	3,271			(3,587		)	12,457			(2,552		)	15,685
Total comprehensive income (loss)	$	39,344		$	50,661		$	(43,225	)	$	(49,279	)	$	127,750		$	84,637
Basic earnings per limited partner unit:
Weighted average limited partner units outstanding	55,419			55,484			55,453			55,464			55,470			55,446
Net income (loss) per limited partner unit	$	0.79		$	0.85		$	(0.71	)	$	(1.11	)	$	2.35		$	1.24
Diluted earnings per limited partner unit:
Weighted average limited partner units outstanding	55,824			55,822			55,453			55,464			55,867			55,791
Net income (loss) per limited partner unit	$	0.79		$	0.85		$	(0.71	)	$	(1.11	)	$	2.33		$	1.24

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 SIX MONTHS ENDED JUNE 29, 2014

(In thousands)

	Six months ended
	6/29/14
Limited Partnership Units Outstanding
Beginning balance	55,716
Limited partnership unit options exercised	11
Issuance of limited partnership units as compensation	132
	55,859
Limited Partners’ Equity
Beginning balance	$	148,847
Net loss	(39,638		)
Partnership distribution declared ($1.40 per limited partnership unit)	(78,275		)
Expense recognized for limited partnership unit options	446
Tax effect of units involved in option exercises and treasury unit transactions	(725		)
Issuance of limited partnership units as compensation	6,263
	36,918
General Partner’s Equity
Beginning balance	2
Net loss	—
	2
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 $402	(696		)
	(691		)
Unrealized loss on cash flow hedging derivatives:
Beginning balance	(15,013		)
Current period activity, net of tax $501	(2,891		)
	(17,904		)
	(18,595		)
Total Partners’ Equity	$	23,615

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)

	Six months ended						Twelve months ended
	6/29/2014			6/30/2013			6/29/2014			6/30/2013
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES
Net income (loss)	$	(39,638	)	(61,736		)	$	130,302		68,952
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	51,281			50,818			122,950			125,136
Loss on early debt extinguishment	29,273			34,573			29,273			34,573
Loss on impairment / retirement of fixed assets, net	1,212			629			3,122			31,735
Gain on sale of other assets	(921		)	—			(9,664		)	(6,625		)
Net effect of swaps	56			6,938			1			6,589
Non-cash expense	9,696			30,591			22,239			26,932
Net change in working capital	18,046			41,511			(8,074		)	11,693
Net change in other assets/liabilities	(16,768		)	(20,768		)	4,135			3,721
Net cash from operating activities	52,237			82,556			294,284			302,706
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Sale of other assets	1,377			—			16,674			14,885
Capital expenditures	(106,690		)	(79,189		)	(147,848		)	(108,995		)
Net cash for investing activities	(105,313		)	(79,189		)	(131,174		)	(94,110		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans	39,000			58,000			(19,000		)	(53,000		)
Term debt borrowings	—			630,000			—			630,000
Note borrowings	450,000			500,000			450,000			500,000
Term debt payments, including amounts paid for early termination	—			(1,132,675		)	(9,575		)	(1,141,675		)
Note payments, including amounts paid for early termination	(426,148		)	—			(426,148		)	—
Distributions paid to partners	(78,275		)	(69,639		)	(152,094		)	(114,093		)
Exercise of limited partnership unit options	—			28			24			57
Payment of debt issuance costs	(9,795		)	(22,764		)	(10,280		)	(22,758		)
Excess tax benefit from unit-based compensation expense	(725		)	(130		)	260			1,517
Net cash for financing activities	(25,943		)	(37,180		)	(166,813		)	(199,952		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	1,097			(1,389		)	209			(945		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(77,922		)	(35,202		)	(3,494		)	7,699
Balance, beginning of period	118,056			78,830			43,628			35,929
Balance, end of period	$	40,134		$	43,628		$	40,134		$	43,628
SUPPLEMENTAL INFORMATION
Cash payments for interest expense	$	61,550		$	40,734		$	111,650		$	90,000
Interest capitalized	772			1,021			1,361			1,365
Cash payments for income taxes, net of refunds	3,319			4,426			13,715			4,005

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

6

CEDAR FAIR, L.P.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIODS ENDED JUNE 29, 2014 AND JUNE 30, 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 June 29, 2014 and June 30, 2013 to accompany the quarterly results. Because amounts for the fiscal twelve months ended June 29, 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 June 29, 2014 and June 30, 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 also requires an entity to disclose the nature and amount of the obligation as other information about those obligations. The amendments in the guidance 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 June 30, 2013 Unaudited Condensed Consolidating Balance Sheets in Note 12 reflect the effect of the adoption of this guidance.

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). The amendments in ASU 2014-09 provide for a single, principles-based model for revenue recognition that replaces the existing revenue recognition guidance. ASU 2014-09 is effective for annual and interim periods beginning on or after December 15, 2016 and will replace most existing revenue recognition guidance under U.S. GAAP when it becomes effective. It permits the use of either a retrospective or cumulative effect transition method and early adoption is not permitted. The Partnership has not yet selected a transition method and is in the process of evaluating the effect this standard will have on the consolidated financial statements and related disclosures.

(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

7

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.

(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 June 29, 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.

8

A summary of changes in the Partnership’s carrying value of goodwill for the six months ended June 29, 2014 and June 30, 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	(6,741		)	—			(6,741		)
Balance at June 30, 2013	$	319,348		$	(79,868	)	$	239,480
Balance at December 31, 2013	$	317,957		$	(79,868	)	$	238,089
Foreign currency translation	(439		)	—			(439		)
Balance at June 29, 2014	$	317,518		$	(79,868	)	$	237,650

At June 29, 2014, December 31, 2013, and June 30, 2013 the Partnership’s other intangible assets consisted of the following:

June 29, 2014	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	39,008	$	—	$	39,008
License / franchise agreements	900		399		501
Total other intangible assets	$	39,908	$	399	$	39,509
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
June 30, 2013
(In thousands)
Other intangible assets:
Trade names	$	39,267	$	—	$	39,267
License / franchise agreements	831		379		452
Total other intangible assets	$	40,098	$	379	$	39,719

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

(5) Long-Term Debt:

In June of 2014, the Partnership issued $450 million of 5.375% senior unsecured notes ("June 2014 notes") , maturing in 2024, in a private placement. The net proceeds from the offering of the June 2014 notes were used to redeem in full all of the Partnership’s $405 million of 9.125% senior unsecured notes that were scheduled to mature in 2018 (and which included $5.6 million of Original Issue Discount ("OID") to yield 9.375%), to satisfy and discharge the indenture governing the notes that were redeemed and for general corporate purposes.

The Partnership's June 2014 notes pay interest semi-annually in June and December, with the principal due in full on June 1, 2024. The notes may be redeemed, in whole or in part, at any time prior to June 1, 2019 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 June 1, 2017, up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at a price equal to 105.375% together with accrued and unpaid interest.

9

In March 2013, the Partnership issued $500 million of 5.25% senior unsecured notes ("March 2013 notes"), maturing in 2021, in a private placement. 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 ("London InterBank Offering Rate") 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 decreased to 6.00x consolidated total debt (excluding the revolving debt)-to-Consolidated EBITDA at the end of the second quarter in 2014, and the ratio will decrease by 0.25x each second quarter until it reaches 5.25x. As of June 29, 2014, the Partnership’s Consolidated Leverage Ratio was 3.76x. The Partnership was in compliance with all other covenants under the 2013 Credit Agreement as of June 29, 2014.

The Partnership is allowed to make Restricted Payments, as defined in the 2013 Credit Agreement, 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 indentures governing the Partnership's June 2014 and March 2013 notes, we can make Restricted Payments of $60 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 2014 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 5.00x.

The Partnership's March 2013 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 a price equal to 105.25% together with accrued and unpaid interest.

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

(6) Derivative Financial Instruments:

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

The Partnership does not use derivative financial instruments for trading purposes.

We have entered into several interest rate swaps that fix all of our variable rate term-debt payments. As of June 29, 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%.

10

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
		June 29, 2014			December 31, 2013			June 30, 2013
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(11,279	)	$	(3,916	)	$	(20,122	)
Total derivatives designated as hedging instruments		$	(11,279	)	$	(3,916	)	$	(20,122	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(18,831	)	$	(22,746	)	$	(6,650	)
Total derivatives not designated as hedging instruments		$	(18,831	)	$	(22,746	)	$	(6,650	)
Net derivative liability		$	(30,110	)	$	(26,662	)	$	(26,772	)

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 June 29, 2014 we have no amounts that are forecasted to be reclassified into earnings in the next twelve months. As of June 30, 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 June 29, 2014, approximately $9.8 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 June 30, 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.

11

The following table presents our derivative portfolio along with their notional amounts and their fixed interest rates as of June 29, 2014.

	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 June 29, 2014 and June 30, 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

6/29/14

6/30/13

6/29/14

6/30/13

6/29/14

6/30/13

Interest rate swaps

$

(4,622

)

$

—

Interest Expense

$

—

$

—

Net effect of swaps

$

—

$

3,268

(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
		6/29/14		6/30/13
Interest rate swaps	Net effect of swaps	$	2,301	$	992
		$	2,301	$	992

During the quarter ended June 29, 2014, in addition to gains of $2.3 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 benefit to earnings of $0.3 million recorded in “Net effect of swaps.”

For the three-month period ended June 30, 2013, in addition to the $3.3 million gain recognized in income on the ineffective portion of derivatives and $1.0 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 amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations. The effect of these amounts resulted in a benefit to earnings of $2.3 million recorded in “Net effect of swaps.”

12

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the six-month periods ended June 29, 2014 and June 30, 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	Six months ended			Six months ended			Six months ended		Six months ended				Six months ended		Six months ended
	6/29/14			6/30/13			6/29/14		6/30/13				6/29/14		6/30/13
Interest rate swaps	$	(7,364	)	$	2,266	Interest Expense	$	—	$	(2,797	)	Net effect of swaps	$	—	$	3,703

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Six months ended		Six months ended
		6/29/14		6/30/13
Interest rate swaps	Net effect of swaps	$	3,918	$	(479	)
		$	3,918	$	(479	)

During the six-month period ended ended June 29, 2014, in addition to gains of $3.9 million recognized in income on the derivatives not designated as cash flow hedges (as noted in the tables above), $4.0 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 $0.1 million recorded in “Net effect of swaps.”

For the six-month period ended June 30, 2013, in addition to the $3.7 million gain recognized in income on the ineffective portion of derivatives and $0.5 million loss 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 $2.3 million 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 $6.9 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 June 29, 2014 and June 30, 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
	6/29/14			6/30/13			6/29/14		6/30/13				6/29/14		6/30/13
Interest rate swaps	$	(11,280	)	$	5,152	Interest Expense	$	—	$	(8,810	)	Net effect of swaps	$	—	$	3,703

13

(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
		6/29/14		6/30/13
Interest rate swaps	Net effect of swaps	$	7,944	$	(479	)
		$	7,944	$	(479	)

In addition to the $7.9 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 June 29, 2014 in the condensed consolidated statements of operations.

For the twelve-month period ending June 30, 2013, in addition to the $3.7 million gain recognized in income on the ineffective portion of designated derivatives and $0.5 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 $2.0 million of expense representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended June 30, 2013 in the condensed consolidated statements of operations. The net effect of these amounts resulted in expense for the trailing twelve month period of $6.6 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.

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.

14

The table below presents the balances of assets and liabilities measured at fair value as of June 29, 2014, December 31, 2013, and June 30, 2013 on a recurring basis:

	Total			Level 1		Level 2			Level 3
June 29, 2014
(In thousands)
Interest rate swap agreements (1)	$	(11,279	)	$	—	$	(11,279	)	$	—
Interest rate swap agreements (2)	(18,831		)	—		(18,831		)	—
Net derivative liability	$	(30,110	)	$	—	$	(30,110	)	$	—
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	)	$	—
June 30, 2013
Interest rate swap agreements (1)	$	(20,122	)	$	—	$	(20,122	)	$	—
Interest rate swap agreements (2)	$	(6,650	)	$	—	$	(6,650	)	$	—
Net derivative liability	$	(26,772	)	$	—	$	(26,772	)	$	—

(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 $0.8 million as of June 29, 2014.

The carrying value of cash and cash equivalents, revolver, 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 June 29, 2014, December 31, 2013, or June 30, 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 June 29, 2014 was approximately $621.9 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 June 29, 2014 was approximately $969.4 million based on public trading levels as of that date. The fair value of the term debt and June 2014 notes were based on Level 2 inputs and the March 2013 notes were based on Level 1 inputs.

15

(8) Earnings per Unit:

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

	Three months ended				Six months ended						Twelve months ended
	6/29/2014		6/30/2013		6/29/2014			6/30/2013			6/29/2014		6/30/2013
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,419		55,484		55,453			55,464			55,470		55,446
Effect of dilutive units:
Unit options and restricted unit awards	325		152		—			—			253		84
Phantom units	80		186		—			—			144		261
Diluted weighted average units outstanding	55,824		55,822		55,453			55,464			55,867		55,791
Net income per unit - basic	$	0.79	$	0.85	$	(0.71	)	$	(1.11	)	$	2.35	$	1.24
Net income per unit - diluted	$	0.79	$	0.85	$	(0.71	)	$	(1.11	)	$	2.33	$	1.24

The effect of out-of-the-money and/or antidilutive unit options on the three, six and twelve months ended June 29, 2014 and June 30, 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 second 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.

16

(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-, six-, and twelve-month periods ended June 29, 2014 and June 30, 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 March 30, 2014		$	(15,663	)	$	1,626		$	(14,037	)
Other comprehensive income before reclassifications, net of tax $702 and $1,334, respectively		(3,920		)	(2,317		)	(6,237		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($307) (2)		1,679			—			1,679
Net other comprehensive income		(2,241		)	(2,317		)	(4,558		)
June 29, 2014		$	(17,904	)	$	(691	)	$	(18,595	)

(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 ($915)		—			1,592			1,592
Amounts reclassified from accumulated other comprehensive income, net of tax ($307) (2)		1,679			—			1,679
Net other comprehensive income		1,679			1,592			3,271
June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)

(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.

17

	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 $1,115 and $402, respectively		(6,248		)	(696		)	(6,944		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($614) (2)		3,357			—			3,357
Net other comprehensive income		(2,891		)	(696		)	(3,587		)
June 29, 2014		$	(17,904	)	$	(691	)	$	(18,595	)

(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 ($1,089), respectively		1,940			1,893			3,833
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,536) (2)		8,624			—			8,624
Net other comprehensive income		10,564			1,893			12,457
June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)

(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.

18

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and Losses
		on Cash Flow Hedges			Foreign Currency Items
								Total
Balance at June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)
Other comprehensive income before reclassifications, net of tax $1,846 and ($94), respectively		(9,434		)	167			(9,267		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,228) (2)		6,715			—			6,715
Net other comprehensive income		(2,719		)	167			(2,552		)
June 29, 2014		$	(17,904	)	$	(691	)	$	(18,595	)

(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 July 1, 2012		$	(27,920	)	$	(3,808	)	$	(31,728	)
Other comprehensive income before reclassifications, net of tax ($745) and ($1,697), respectively		4,405			2,950			7,355
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,482) (2)		8,330			—			8,330
Net other comprehensive income		12,735			2,950			15,685
June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)

(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.

19

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 6/29/14			3 months ended 6/30/13			6 months ended 6/29/14			6 months ended 6/30/13			12 months ended 6/29/14			12 months ended 6/30/13
Interest rate contracts	$	1,986		$	1,986		$	3,971		$	10,160		$	7,943		$	9,811		Net effect of swaps
	$	1,986		$	1,986		$	3,971		$	10,160		$	7,943		$	9,811		Total before tax
	(307		)	(307		)	(614		)	(1,536		)	(1,228		)	(1,482		)	Benefit for taxes
	$	1,679		$	1,679		$	3,357		$	8,624		$	6,715		$	8,329		Net of tax

(1) Amounts in parentheses indicate debits.

20

(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 June 2014 and March 2013 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 June 29, 2014, December 31, 2013, and June 30, 2013 and for the three, six, and twelve month periods ended June 29, 2014 and June 30, 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 June 29, 2014, December 31, 2013 and June 30, 2013 reflect the adoption of this guidance. For the periods ended December 31, 2013 and June 30, 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 2013-04, the Unaudited Condensed Consolidating Statements of Cash Flows for the six and twelve month periods ended June 30, 2013 have been revised to correct the presentation of certain intercompany transactions previously recorded as cash flows from operating activities and the presentation of an intercompany term debt receipt previously recorded as cash flows from financing activities. A summary of the changes are below:

Condensed Consolidating Statements of Cash Flows
For the Six Month Period Ended June 30, 2013
(In thousands)	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
As reported - Net cash from (for) operating activities	$	4,808		$	(30,371	)	$	(4,856	)	$	44,138		$	68,837		$	82,556
Investment in joint ventures and affiliates	38,056			37,167			(18,274		)	17,909			(74,858		)	—
Intercompany receivables (payments) receipts	—			—			—			19,317			(19,317		)	—
Intercompany payables (payments) receipts	(7,990		)	(14,958		)	3,631			—			19,317			—
Dividends paid	—			—			13,173			—			(13,173		)	—
As corrected - Net cash from (for) operating activities	$	34,874		$	(8,162	)	$	(6,326	)	$	81,364		$	(19,194	)	$	82,556
As reported - Net cash from (for) investing activities	$	(342	)	$	37,167		$	(21,709	)	$	(19,447	)	$	(74,858	)	$	(79,189	)
Investment in joint ventures and affiliates	(38,056		)	(37,167		)	18,274			(17,909		)	74,858			—
Intercompany receivables (payments) receipts	—			13,869			—			(5,384		)	(8,485		)	—
As corrected - Net cash from (for) investing activities	$	(38,398	)	$	13,869		$	(3,435	)	$	(42,740	)	$	(8,485	)	$	(79,189	)
As reported - Net cash from (for) financing activities	$	(29,466	)	$	(7,240	)	$	(474	)	$	—		$	—		$	(37,180	)
Dividends paid	—			—			(13,173		)	—			13,173			—
Intercompany payables (payments) receipts	7,990			1,089			(3,631		)	(13,933		)	8,485			—
As corrected - Net cash from (for) financing activities	$	(21,476	)	$	(6,151	)	$	(17,278	)	$	(13,933	)	$	21,658		$	(37,180	)

21

Condensed Consolidating Statements of Cash Flows
For the Twelve Month Period Ended June 30, 2013
(In thousands)	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
As reported - Net cash from (for) operating activities	$	210,085		$	(47,009	)	$	29,440		$	140,865		$	(30,675	)	$	302,706
Investment in joint ventures and affiliates	27,874			(30,140		)	(15,735		)	(12,174		)	30,175			—
Intercompany receivables (payments) receipts	—			—			—			18,148			(18,148		)	—
Intercompany payables (payments) receipts	(47,465		)	28,405			912			—			18,148			—
Dividends paid	—			—			13,173			—			(13,173		)	—
As corrected - Net cash from (for) operating activities	$	190,494		$	(48,744	)	$	27,790		$	146,839		$	(13,673	)	$	302,706
As reported - Net cash from (for) investing activities	$	(19,923	)	$	(30,148	)	$	(20,139	)	$	(54,075	)	$	30,175		$	(79,189	)
Investment in joint ventures and affiliates	(27,874		)	30,140			15,735			12,174			(30,175		)	—
Intercompany term debt receipts	—			86,362			—			—			(86,362		)	—
Intercompany receivables (payments) receipts	—			(43,948		)	—			(62,033		)	105,981			—
As corrected - Net cash from (for) investing activities	$	(47,797	)	$	42,406		$	(4,404	)	$	(103,934	)	$	19,619		$	(94,110	)
As reported - Net cash from (for) financing activities	$	(190,162	)	$	77,157		$	(585	)	$	(86,362	)	$	—		$	(199,952	)
Dividends paid	—			—			(13,173		)	—			13,173			—
Intercompany term debt receipts	—			(86,362		)	—			—			86,362			—
Intercompany payables (payments) receipts	47,465			15,543			(912		)	43,885			(105,981		)	—
As corrected - Net cash from (for) financing activities	$	(142,697	)	$	6,338		$	(14,670	)	$	(42,477	)	$	(6,446	)	$	(199,952	)

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.

22

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

June 29, 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	$	—	$	—	$	19,425	$	29,986	$	(9,277	)	$	40,134
Receivables	59		104,035		93,286		571,632		(702,451		)	66,561
Inventories	—		5,732		4,091		35,748		—			45,571
Current deferred tax asset	—		18,655		800		3,445		—			22,900
Other current assets	691		14,115		5,974		13,500		(2,882		)	31,398
	750		142,537		123,576		654,311		(714,610		)	206,564
Property and Equipment (net)	471,252		8,206		247,632		830,074		—			1,557,164
Investment in Park	466,213		767,266		149,180		32,308		(1,414,967		)	—
Goodwill	9,061		—		117,371		111,218		—			237,650
Other Intangibles, net	—		—		16,639		22,870		—			39,509
Deferred Tax Asset	—		32,025		—		117		(32,142		)	—
Other Assets	11,680		21,649		9,276		2,304		—			44,909
	$	958,956	$	971,683	$	663,674	$	1,653,202	$	(2,161,719	)	$	2,085,796
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	1,724	$	1,231	$	70	$	—	$	—		$	3,025
Accounts payable	218,225		233,203		15,070		282,733		(711,728		)	37,503
Deferred revenue	—		636		15,824		117,337		—			133,797
Accrued interest	6,422		4,251		1,843		—		—			12,516
Accrued taxes	6,054		1,196		—		2,885		(2,882		)	7,253
Accrued salaries, wages and benefits	—		23,850		2,303		9,487		—			35,640
Self-insurance reserves	—		5,534		1,772		16,353		—			23,659
Other accrued liabilities	376		5,554		1,095		2,380		—			9,405
	232,801		275,455		37,977		431,175		(714,610		)	262,798
Deferred Tax Liability	—		—		57,540		131,648		(32,142		)	157,046
Derivative Liability	17,700		12,410		—		—		—			30,110
Other Liabilities	—		4,039		—		3,363		—			7,402
Long-Term Debt:
Revolving credit loans	39,000		—		—		—		—			39,000
Term debt	350,943		250,730		14,152		—		—			615,825
Notes	294,897		205,103		450,000		—		—			950,000
	684,840		455,833		464,152		—		—			1,604,825
Equity	23,615		223,946		104,005		1,087,016		(1,414,967		)	23,615
	$	958,956	$	971,683	$	663,674	$	1,653,202	$	(2,161,719	)	$	2,085,796

23

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

24

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

June 30, 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	$	—	$	—	$	21,745	$	27,904	$	(6,021	)	$	43,628
Receivables	250		86,025		80,435		517,925		(617,436		)	67,199
Inventories	—		4,639		4,182		36,631		—			45,452
Current deferred tax asset	—		23,822		816		3,664		—			28,302
Other current assets	620		11,440		2,066		19,762		—			33,888
	870		125,926		109,244		605,886		(623,457		)	218,469
Property and Equipment (net)	463,783		994		250,249		835,875		—			1,550,901
Investment in Park	447,080		735,017		129,942		38,992		(1,351,031		)	—
Goodwill	9,061		—		119,201		111,218		—			239,480
Other Intangibles, net	—		—		16,880		22,839		—			39,719
Deferred Tax Asset	—		34,028		—		90		(34,118		)	—
Other Assets	13,605		9,382		7,112		2,227		—			32,326
	$	934,399	$	905,347	$	632,628	$	1,617,127	$	(2,008,606	)	$	2,080,895
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	3,590	$	2,565	$	145	$	—	$	—		$	6,300
Accounts payable	155,522		208,924		7,971		285,379		(623,457		)	34,339
Deferred revenue	—		—		18,719		113,646		—			132,365
Accrued interest	5,189		3,563		15,192		—		—			23,944
Accrued taxes	6,534		458		181		2,848		—			10,021
Accrued salaries, wages and benefits	1		18,642		2,153		9,100		—			29,896
Self-insurance reserves	—		5,535		1,727		17,330		—			24,592
Other accrued liabilities	860		4,421		715		2,793		—			8,789
	171,696		244,108		46,803		431,096		(623,457		)	270,246
Deferred Tax Liability	—		—		61,544		126,866		(34,118		)	154,292
Derivative Liability	16,039		10,733		—		—		—			26,772
Other Liabilities	—		5,296		—		3,500		—			8,796
Long-Term Debt:
Revolving credit loans	58,000		—		—		—		—			58,000
Term debt	354,534		253,294		14,297		—		—			622,125
Notes	294,897		205,103		401,431		—		—			901,431
	707,431		458,397		415,728		—		—			1,581,556
Equity	39,233		186,813		108,553		1,055,665		(1,351,031		)	39,233
	$	934,399	$	905,347	$	632,628	$	1,617,127	$	(2,008,606	)	$	2,080,895

25

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	43,084		$	79,737		$	33,878		$	328,013		$	(121,698	)	$	363,014
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			2,881			28,130			—			31,090
Operating expenses	1,312			54,893			15,124			197,561			(121,698		)	147,192
Selling, general and administrative	1,467			27,495			3,886			13,769			—			46,617
Depreciation and amortization	14,011			94			6,502			26,367			—			46,974
Gain on sale of other assets	—			—			—			(921		)	—			(921		)
(Gain) loss on impairment / retirement of fixed assets, net	—			(1		)	—			216			—			215
	16,790			82,560			28,393			265,122			(121,698		)	271,167
Operating income (loss)	26,294			(2,823		)	5,485			62,891			—			91,847
Interest expense (income), net	10,533			7,354			11,933			(1,919		)	—			27,901
Net effect of swaps	(178		)	(137		)	—			—			—			(315		)
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency gain	—			—			(16,102		)	—			—			(16,102		)
Other (income) expense	188			(2,415		)	531			1,696			—			—
(Income) loss from investment in affiliates	(30,914		)	(21,721		)	(10,576		)	1,929			61,282			—
Income (loss) before taxes	46,665			14,096			(9,574		)	61,185			(61,282		)	51,090
Provision (benefit) for taxes	2,763			(3,481		)	(7,645		)	15,551			—			7,188
Net income (loss)	$	43,902		$	17,577		$	(1,929	)	$	45,634		$	(61,282	)	$	43,902
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,317		)	—			(2,317		)	—			2,317			(2,317		)
Unrealized income (loss) on cash flow hedging derivatives	(2,241		)	(644		)	—			—			644			(2,241		)
Other comprehensive income (loss), (net of tax)	(4,558		)	(644		)	(2,317		)	—			2,961			(4,558		)
Total Comprehensive Income (loss)	$	39,344		$	16,933		$	(4,246	)	$	45,634		$	(58,321	)	$	39,344

26

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	43,925		$	85,358		$	34,954		$	326,473		$	(129,090	)	$	361,620
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			2,994			28,059			—			31,053
Operating expenses	1,408			52,246			15,586			201,134			(129,090		)	141,284
Selling, general and administrative	1,222			26,888			3,868			13,789			—			45,767
Depreciation and amortization	12,891			9			6,818			26,314			—			46,032
Loss on impairment / retirement of fixed assets, net	—			—			—			29			—			29
	15,521			79,143			29,266			269,325			(129,090		)	264,165
Operating income	28,404			6,215			5,688			57,148			—			97,455
Interest expense, net	10,210			7,246			9,843			(1,507		)	—			25,792
Net effect of swaps	(1,378		)	(895		)	—			—			—			(2,273		)
Unrealized / realized foreign currency loss	—			—			14,886			—			—			14,886
Other (income) expense	187			(2,128		)	583			1,358			—			—
(Income) loss from investment in affiliates	(30,875		)	(15,540		)	(8,232		)	4,649			49,998			—
Income (loss) before taxes	50,260			17,532			(11,392		)	52,648			(49,998		)	59,050
Provision (benefit) for taxes	2,870			684			(6,732		)	14,838			—			11,660
Net income (loss)	$	47,390		$	16,848		$	(4,660	)	$	37,810		$	(49,998	)	$	47,390
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,592			—			1,592			—			(1,592		)	1,592
Unrealized income (loss) on cash flow hedging derivatives	1,679			503			—			—			(503		)	1,679
Other comprehensive income (loss), (net of tax)	3,271			503			1,592			—			(2,095		)	3,271
Total Comprehensive Income (loss)	$	50,661		$	17,351		$	(3,068	)	$	37,810		$	(52,093	)	$	50,661

27

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Six Months Ended June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	47,839		$	88,416		$	34,029		$	368,325		$	(135,129	)	$	403,480
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			2,882			33,114			—			36,075
Operating expenses	2,660			77,355			22,061			260,595			(135,129		)	227,542
Selling, general and administrative	2,863			44,167			4,759			16,232			—			68,021
Depreciation and amortization	14,485			103			6,502			30,191			—			51,281
Gain on sale of other assets	—			—			—			(921		)	—			(921		)
Loss (gain) on impairment / retirement of fixed assets, net	249			(1		)	—			964			—			1,212
	20,257			121,703			36,204			340,175			(135,129		)	383,210
Operating income	27,582			(33,287		)	(2,175		)	28,150			—			20,270
Interest expense (income), net	20,732			14,365			21,401			(3,938		)	—			52,560
Net effect of swaps	16			40			—			—			—			56
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency gain	—			—			1,082			—			—			1,082
Other (income) expense	375			(5,689		)	905			4,409			—			—
(Income) loss from investment in affiliates	42,674			25,422			(6,512		)	30,173			(91,757		)	—
Income (loss) before taxes	(36,215		)	(67,425		)	(48,324		)	(2,494		)	91,757			(62,701		)
Provision (benefit) for taxes	3,423			(13,903		)	(18,151		)	5,568			—			(23,063		)
Net loss	$	(39,638	)	$	(53,522	)	$	(30,173	)	$	(8,062	)	$	91,757		$	(39,638	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(696		)	—			(696		)	—			696			(696		)
Unrealized income (loss) on cash flow hedging derivatives	(2,891		)	(817		)	—			—			817			(2,891		)
Other comprehensive income (loss), (net of tax)	(3,587		)	(817		)	(696		)	—			1,513			(3,587		)
Total Comprehensive Loss	$	(43,225	)	$	(54,339	)	$	(30,869	)	$	(8,062	)	$	93,270		$	(43,225	)

28

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Six Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	48,243		$	93,729		$	35,243		$	367,983		$	(141,779	)	$	403,419
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			2,994			33,096			—			36,090
Operating expenses	2,831			73,852			21,527			261,510			(141,779		)	217,941
Selling, general and administrative	2,514			43,501			4,579			16,212			—			66,806
Depreciation and amortization	13,366			18			6,818			30,616			—			50,818
Loss on impairment / retirement of fixed assets, net	36			—			478			115			—			629
	18,747			117,371			36,396			341,549			(141,779		)	372,284
Operating income (loss)	29,496			(23,642		)	(1,153		)	26,434			—			31,135
Interest expense, net	20,722			14,923			19,607			(3,737		)	—			51,515
Net effect of swaps	4,257			2,681			—			—			—			6,938
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			23,844			—			—			23,844
Other (income) expense	375			(4,516		)	1,383			2,758			—			—
(Income) loss from investment in affiliates	41,221			20,100			(4,712		)	25,876			(82,485		)	—
Income (loss) before taxes	(58,254		)	(69,611		)	(41,892		)	1,537			82,485			(85,735		)
Provision (benefit) for taxes	3,482			(16,981		)	(15,986		)	5,486			—			(23,999		)
Net loss	$	(61,736	)	$	(52,630	)	$	(25,906	)	$	(3,949	)	$	82,485		$	(61,736	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,893			—			1,893			—			(1,893		)	1,893
Unrealized income (loss) on cash flow hedging derivatives	10,564			3,038			—			—			(3,038		)	10,564
Other comprehensive income (loss), (net of tax)	12,457			3,038			1,893			—			(4,931		)	12,457
Total Comprehensive Loss	$	(49,279	)	$	(49,592	)	$	(24,013	)	$	(3,949	)	$	77,554		$	(49,279	)

29

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,065		$	290,764		$	126,478		$	1,006,811		$	(441,485	)	$	1,134,633
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			9,210			82,468			—			91,757
Operating expenses	5,832			187,107			48,304			682,187			(441,485		)	481,945
Selling, general and administrative	6,066			101,491			11,164			34,906			—			153,627
Depreciation and amortization	37,926			122			17,017			67,885			—			122,950
(Gain) on sale of other assets	—			—			—			(9,664		)	—			(9,664		)
Loss on impairment / retirement of fixed assets, net	637			(1		)	1			2,485			—			3,122
	50,461			288,798			85,696			860,267			(441,485		)	843,737
Operating income	101,604			1,966			40,782			146,544			—			290,896
Interest (income) expense, net	42,640			28,317			41,170			(8,165		)	—			103,962
Net effect of swaps	(51		)	52			—			—			—			1
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency loss	—			—			6,179			—			—			6,179
Other (income) expense	750			(12,430		)	3,201			8,479			—			—
(Income) loss from investment in affiliates	(82,104		)	(32,198		)	(19,238		)	6,774			126,766			—
Income (loss) before taxes	140,369			18,225			(19,803		)	139,456			(126,766		)	151,481
Provision (benefit) for taxes	10,067			(9,055		)	(13,021		)	33,188			—			21,179
Net income (loss)	$	130,302		$	27,280		$	(6,782	)	$	106,268		$	(126,766	)	$	130,302
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	167			—			167			—			(167		)	167
Unrealized income on cash flow hedging derivatives	(2,719		)	(1,007		)	—			—			1,007			(2,719		)
Other comprehensive income, (net of tax)	(2,552		)	(1,007		)	167			—			840			(2,552		)
Total Comprehensive Income (loss)	$	127,750		$	26,273		$	(6,615	)	$	106,268		$	(125,926	)	$	127,750

30

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	148,757		$	271,778		$	133,554		$	952,082		$	(420,102	)	$	1,086,069
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			9,769			84,796			—			94,565
Operating expenses	5,438			177,188			47,798			641,501			(420,102		)	451,823
Selling, general and administrative	6,021			91,895			10,659			34,047			—			142,622
Depreciation and amortization	36,799			40			18,032			70,265			—			125,136
(Gain) on sale of other assets	—			—			—			(6,625		)	—			(6,625		)
Loss (gain) on impairment / retirement of fixed assets, net	25,950			—			475			5,310			—			31,735
	74,208			269,123			86,733			829,294			(420,102		)	839,256
Operating income	74,549			2,655			46,821			122,788			—			246,813
Interest expense, net	45,022			29,552			39,476			(9,005		)	—			105,045
Net effect of swaps	4,050			2,539			—			—			—			6,589
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			13,737			—			—			13,737
Other (income) expense	749			(8,947		)	2,694			5,504			—			—
(Income) loss from investment in affiliates	(74,816		)	(52,527		)	(15,768		)	(12,687		)	155,798			—
Income before taxes	78,369			19,257			6,065			138,976			(155,798		)	86,869
Provision (benefit) for taxes	9,417			(13,289		)	(8,917		)	30,706			—			17,917
Net income	$	68,952		$	32,546		$	14,982		$	108,270		$	(155,798	)	$	68,952
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	2,950			—			2,950			—			(2,950		)	2,950
Unrealized income (loss) on cash flow hedging derivatives	12,735			3,635			—			—			(3,635		)	12,735
Other comprehensive income (loss), (net of tax)	15,685			3,635			2,950			—			(6,585		)	15,685
Total Comprehensive Income	$	84,637		$	36,181		$	17,932		$	108,270		$	(162,383	)	$	84,637

31

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 29, 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	$	57,348		$	(48,952	)	$	(22,362	)	$	76,734		$	(10,531	)	$	52,237
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables receipts	—			7,625			—			3,829			(11,454		)	—
Sale of other assets	—			—			—			1,377			—			1,377
Capital expenditures	(47,494		)	(193		)	(11,573		)	(47,430		)	—			(106,690		)
Net cash from investing activities	(47,494		)	7,432			(11,573		)	(42,224		)	(11,454		)	(105,313		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	39,000			—			—			—			—			39,000
Note borrowings	—			—			450,000			—			—			450,000
Note payments, including amounts paid for early termination	—			—			(426,148		)	—			—			(426,148		)
Distributions paid	(79,544		)	—			—			—			1,269			(78,275		)
Payment of debt issuance costs	—			—			(9,795		)	—			—			(9,795		)
Intercompany payables (payments) receipts	(44,310		)	38,101			2,631			(7,861		)	11,439			—
Excess tax benefit from unit-based compensation expense	—			(725		)	—			—			—			(725		)
Net cash (for) financing activities	(84,854		)	37,376			16,688			(7,861		)	12,708			(25,943		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			1,097			—			—			1,097
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(75,000		)	(4,144		)	(16,150		)	26,649			(9,277		)	(77,922		)
Balance, beginning of period	75,000			4,144			35,575			3,337			—			118,056
Balance, end of period	$	—		$	—		$	19,425		$	29,986		$	(9,277	)	$	40,134

32

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 30, 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	$	34,874		$	(8,162	)		$	(6,326	)	$	81,364		$	(19,194	)	$	82,556
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			13,869				—			(5,384		)	(8,485		)	—
Capital expenditures	(38,398		)	—				(3,435		)	(37,356		)	—			(79,189		)
Net cash from (for) investing activities	(38,398		)	13,869				(3,435		)	(42,740		)	(8,485		)	(79,189		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	58,000			—				—			—			—			58,000
Term debt borrowings	359,022			256,500			—	14,478			—			—			630,000
Note borrowings	294,897			205,103				—			—			—			500,000
Payment of debt issuance costs	(14,312		)	(8,014		)		(438		)	—			—			(22,764		)
Term debt payments, including amounts paid for early termination	(655,723		)	(462,438		)		(14,514		)	—			—			(1,132,675		)
Distributions/dividends paid	(71,350		)	1,711				(13,173		)	—			13,173			(69,639		)
Intercompany payables (payments) receipts	7,990			1,089				(3,631		)	(13,933		)	8,485			—
Exercise of limited partnership unit options	—			28				—			—			—			28
Excess tax benefit from unit-based compensation expense	—			(130		)		—			—			—			(130		)
Net cash (for) financing activities	(21,476		)	(6,151		)		(17,278		)	(13,933		)	21,658			(37,180		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				(1,389		)	—			—			(1,389		)
CASH AND CASH EQUIVALENTS
Net increase for the period	(25,000		)	(444		)		(28,428		)	24,691			(6,021		)	(35,202		)
Balance, beginning of period	25,000			444				50,173			3,213			—			78,830
Balance, end of period	$	—		$	—			$	21,745		$	27,904		$	(6,021	)	$	43,628

33

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended June 29, 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	$	184,623		$	(16,592	)	$	(1,723	)	$	133,985		$	(6,009	)	$	294,284
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			37,779			—			(45,923		)	8,144			—
Sale of other assets	—			—			—			16,674			—			16,674
Capital expenditures	(65,349		)	(193		)	(17,667		)	(64,639		)	—			(147,848		)
Net cash (for) investing activities	(65,349		)	37,586			(17,667		)	(93,888		)	8,144			(131,174		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(19,000		)	—			—			—			—			(19,000		)
Note borrowings	—			—			450,000			—			—			450,000
Term debt payments, including amounts paid for early termination	(5,457		)	(3,898		)	(220		)	—			—			(9,575		)
Note payments, including amounts paid for early termination	—			—			(426,148		)	—			—			(426,148		)
Distributions paid	(154,847		)	—			—			—			2,753			(152,094		)
Intercompany payables (payments) receipts	60,253			(17,224		)	3,130			(38,015		)	(8,144		)	—
Excess tax benefit from unit-based compensation expense	—			260			—			—			—			260
Payment of debt issuance costs	(223		)	(156		)	(9,901		)	—			—			(10,280		)
Exercise of limited partnership unit options	—			24			—			—			—			24
Net cash (for) financing activities	(119,274		)	(20,994		)	16,861			(38,015		)	(5,391		)	(166,813		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			209			—			—			209
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			—			(2,320		)	2,082			(3,256		)	(3,494		)
Balance, beginning of period	—			—			21,745			27,904			(6,021		)	43,628
Balance, end of period	$	—		$	—		$	19,425		$	29,986		$	(9,277	)	$	40,134

34

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended June 30, 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	$	190,494		$	(48,744	)	$	27,790		$	146,839		$	(13,673	)	$	302,706
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany term debt receipts	—			86,362			—			—			(86,362		)	—
Intercompany receivables payments	—			(43,948		)	—			(62,033		)	105,981			—
Sale of other assets	—			—			—			14,885			—			14,885
Capital expenditures	(47,797		)	(8		)	(4,404		)	(56,786		)	—			(108,995		)
Net cash from (for) investing activities	(47,797		)	42,406			(4,404		)	(103,934		)	19,619			(94,110		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(53,000		)	—			—			—			—			(53,000		)
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Intercompany term debt payments	—			—			—			(86,362		)	86,362			—
Term debt payments, including amounts paid for early termination	(660,931		)	(466,114		)	(14,630		)	—			—			(1,141,675		)
Distributions/dividends (paid) received	(115,839		)	1,746			(13,173		)	—			13,173			(114,093		)
Intercompany payables (payments) receipts	47,465			15,543			(912		)	43,885			(105,981		)	—
Payment of debt issuance costs	(14,311		)	(8,014		)	(433		)	—			—			(22,758		)
Exercise of limited partnership unit options	—			57			—			—			—			57
Excess tax benefit from unit-based compensation	—			1,517			—			—			—			1,517
Net cash from (for) financing activities	(142,697		)	6,338			(14,670		)	(42,477		)	(6,446		)	(199,952		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(945		)	—			—			(945		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			—			7,771			428			(500		)	7,699
Balance, beginning of period	—			—			13,974			27,476			(5,521		)	35,929
Balance, end of period	$	—		$	—		$	21,745		$	27,904		$	(6,021	)	$	43,628

35

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 second 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.

36

The table below sets forth a reconciliation of Adjusted EBITDA to net income for the three-, six- and twelve-month periods ended June 29, 2014 and June 30, 2013.

	Three months ended						Six months ended						Twelve months ended
	6/29/2014			6/30/2013			6/29/2014			6/30/2013			6/29/2014			6/30/2013
	(13 weeks)			(13 weeks)			(26 weeks)			(26 weeks)			(52 weeks)			(52 weeks)
	(In thousands)
Net income (loss)	$	43,902		$	47,390		$	(39,638	)	$	(61,736	)	$	130,302		$	68,952
Interest expense	27,907			25,861			52,639			51,624			104,086			105,204
Interest income	(6		)	(69		)	(79		)	(109		)	(124		)	(159		)
Provision (benefit) for taxes	7,188			11,660			(23,063		)	(23,999		)	21,179			17,917
Depreciation and amortization	46,974			46,032			51,281			50,818			122,950			125,136
EBITDA	125,965			130,874			41,140			16,598			378,393			317,050
Loss on early extinguishment of debt	29,273			—			29,273			34,573			29,273			34,573
Net effect of swaps	(315		)	(2,273		)	56			6,938			1			6,589
Unrealized foreign currency (gain) loss	(16,162		)	14,875			1,020			23,756			6,349			13,946
Non-cash equity expense	2,821			869			6,777			3,802			8,510			4,799
Loss on impairment/retirement of fixed assets, net	215			29			1,212			629			3,122			31,735
Gain on sale of other assets	(921		)	—			(921		)	—			(9,664		)	(6,625		)
Other non-recurring items (as defined) (1)	204			(297		)	558			508			1,757			2,523
Adjusted EBITDA	$	141,080		$	144,077		$	79,115		$	86,804		$	417,741		$	404,590
(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:

Six months ended June 29, 2014

The fiscal six-month period ended June 29, 2014, consisted of a 26-week period and included a total of 840 operating days compared with 26 weeks and 917 operating days for the fiscal six-month period ended June 30, 2013. The difference in operating days is due to the sale of a water park in the third quarter of 2013.

The following table presents key financial information for the six months ended June 29, 2014 and June 30, 2013:

	Six months ended			Six months ended		Increase (Decrease)
	6/29/2014			6/30/2013		$			%
	(26 weeks)			(26 weeks)
	(Amounts in thousands)
Net revenues	$	403,480		$	403,419	$	61		N/M
Operating costs and expenses	331,638			320,837		10,801			3.4	%
Depreciation and amortization	51,281			50,818		463			0.9	%
Loss on impairment / retirement of fixed assets	1,212			629		583			N/M
Gain on sale of other assets	(921		)	—		(921		)	N/M
Operating income	$	20,270		$	31,135	$	(10,865	)	(34.9	)%
N/M - not meaningful
Other Data:
Adjusted EBITDA	$	79,115		$	86,804	$	(7,689	)	(8.9	)%
Attendance	8,423			8,677		(254		)	(2.9	)%
Per capita spending	$	43.78		$	42.17	$	1.61		3.8	%
Out-of-park revenues	$	45,716		$	48,110	$	(2,394	)	(5.0	)%

Net revenues increased slightly for the six months ended June 29, 2014 compared with net revenues during the six months ended June 30, 2013. The slight increase in net revenues reflects a 4%, or $1.61, increase in average in-park guest per capita spending during the first six months of the year when compared with the first six months of 2013. In-park guest per capita spending represents the average amount spent per attendee to gain admission to a park plus all amounts spent while inside the park gates. The increase in per capita spending was the result of enhancements made to the overall guest experience, including improvements in food and beverage programs, resulting in increased spending and capture rates across all categories of our business. For the six-month period, out-of-park revenues decreased 5%, or $2.4 million. Out-of-park revenues include the sale of hotel rooms, food, merchandise, and other complementary activities located outside of the park gates, as well as transaction fees from on-line product sales. The decrease in out-of-park revenues was due to the soft results at our resort properties. Net revenues through the first six months of 2014 also reflect a 3% decrease in attendance when compared with the same period a year ago. This decrease in attendance was primarily due to the closure of the Company's flagship park, Cedar Point, for a weekend in early June due to a water main break, partial flooding at its Valleyfair park during the last week of June, and a prolonged school calendar in certain regions due to harsher than normal winter conditions. Excluding the prior period attendance at the water park sold in the third quarter of 2013, attendance would have decreased by 2%. Revenues for the first six months of the year also reflect the negative impact of exchange rates on our Canadian operations ($2.0 million) during the period.

For the six-month period in 2014, operating costs and expenses increased 3%, or $10.8 million, to $331.6 million from $320.8 million for the same period in 2013, the net result of a $9.6 million increase in operating expenses and a $1.2 million increase in selling, general and administrative costs ("SG&A"). For the same period, cost of goods sold was flat. The $9.6 million increase in operating expenses was due to several factors. First, the period had an increase in labor costs, due to staffing, benefits and hourly wages. Second, maintenance expenses increased, driven by higher normal operating and maintenance expense, and enhancements to our parks' infrastructures. Third, show and attraction expenses were higher as the result of new shows being introduced as well as from a change in the contract terms of our Dinosaurs Alive attractions. Operating supplies in the period saw an increase due to consulting and information technology expenses related to infrastructure improvements, as well as costs associated with our commitment to continue to improve the guest experience. Finally, utility costs through the first six months of the year increased due to inclement weather and higher utility rates. SG&A costs increased due to higher full-time labor and

38

benefit costs, including incentive compensation, and increases in consulting and information technology expenses related to the implementation of new systems. SG&A cost increases were partially offset by a decrease in advertising agency expenses primarily due to the timing of our advertising spend compared to the prior year six-month period. Expenses for the first six months of the year also reflect the positive impact of exchange rates on our Canadian operations ($1.9 million) during the period.

Depreciation and amortization expense for the period increased less than 1%, or $0.5 million. For the six-month period of 2014, the loss on impairment/retirement of fixed assets was $1.2 million, reflecting the retirement of assets during the period at several of our properties, which compares with $0.6 million in 2013 for the same reason. Additionally, during the six-month period ended June 29, 2014, excess land was sold for a $0.9 million gain. After depreciation, amortization, loss on impairment / retirement of fixed assets, gain on sale of other assets, and all other non-cash costs, operating income for the period decreased $10.9 million to $20.3 million in the first half of 2014 from operating income of $31.1 million in the first half of 2013.

Interest expense for the first half of 2014 was $52.6 million, an increase of $1.0 million from the first half of 2013. The increase in interest expense was due to the overlap of one month of interest on our bond portfolio as we accrued interest on our June 2014 notes and our July 2010 notes for the month of June, when the July 2010 notes were redeemed. Partially offsetting this increase in interest on the notes was a decrease in revolver interest in the period due to lower borrowings and a decrease in non-cash amortization expense resulting from the write-off of loan fees related to our prior credit agreement.

The net effect of our swaps resulted in a non-cash charge to earnings of $0.1 million for the first half of 2014 compared with a $6.9 million non-cash charge to earnings in the first half of 2013. The difference reflects the write off of amounts in AOCI related to de-designated interest rate swaps during the six-month period ended June 30, 2013. During the current year-to-date period, we also recognized a $1.1 million net charge to earnings for unrealized/realized foreign currency losses compared with a $23.8 million net charge to earnings in the prior year-to-date period. Both amounts represented foreign currency losses on the U.S.-dollar denominated debt held at our Canadian property. Due to our June 2014 bond financing, loan fees related to the July 2010 notes were written off. Additionally, a "make-whole" premium, as prescribed in the July 2010 Indenture, was paid to redeem the July 2010 notes. Together, these amounts resulted in a charge to earnings totaling $29.3 million in the current six-month period. For the six month period ending June 30, 2013, as a result of the March 2013 refinancing, loan fees related to our 2010 and 2011 financings were written off, resulting in a $34.6 million charge to earnings in the period.

During the first half of 2014, a benefit for taxes of $23.1 million was recorded to account for publicly traded partnership (“PTP”) taxes and the tax attributes of our corporate subsidiaries. During the same six-month period in 2013, a $24.0 million benefit for taxes was recorded. Actual cash taxes paid or payable are estimated to be between $14 million and $17 million for the 2014 calendar year.

After interest expense and the benefit for taxes, the net loss for the six months ended June 29, 2014 totaled $39.6 million, or $0.71 per diluted limited partner unit, compared with a net loss of $61.7 million, or $1.11 per diluted unit, for the same period 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 36-37). For the six-month period, Adjusted EBITDA decreased to $79.1 million compared with $86.8 million for the fiscal six-month period ended June 30, 2013. This decrease is a result of a lower attendance base during the current period compared with the prior-year period, along with higher employee-related costs, maintenance costs, utility costs, and costs associated with improving the guest experience. The higher costs and the shortfalls in attendance and hotel bookings were offset somewhat by incremental revenues resulting from higher average guest per capita spending in admissions and in-park guest spending, including food and beverage.

Second Quarter -

The fiscal three-month period ended June 29, 2014, consisted of a 13-week period and included a total of 746 operating days compared with 13 weeks and 800 operating days for the fiscal three-month period ended June 30, 2013. The difference in operating days is due to the sale of a water park during the third quarter of 2013.

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The following table presents key financial information for the three months ended June 29, 2014 and June 30, 2013:

	Three months ended			Three months ended		Increase (Decrease)
	6/29/2014			6/30/2013		$			%
	(13 weeks)			(13 weeks)
	(Amounts in thousands)
Net revenues	$	363,014		$	361,620	$	1,394		0.4	%
Operating costs and expenses	224,899			218,104		6,795			3.1	%
Depreciation and amortization	46,974			46,032		942			2.0	%
Loss on impairment / retirement of fixed assets	215			29		186			N/M
Gain on sale of other assets	(921		)	—		(921		)	N/M
Operating income	$	91,847		$	97,455	$	(5,608	)	(5.8	)%
N/M - Not meaningful
Other Data:
Adjusted EBITDA	$	141,080		$	144,077	$	(2,997	)	(2.1	)%
Attendance	7,690			7,872		(182		)	(2.3	)%
Per capita spending	$	43.94		$	42.36	$	1.58		3.7	%
Out-of-park revenues	$	34,968		$	37,576	$	(2,608	)	(6.9	)%

For the quarter ended June 29, 2014, net revenues increased by $1.4 million, to $363.0 million from $361.6 million in the second quarter of 2013. This increase reflects a 4% increase in average in-park per capita spending, offset partially by a 7%, or $2.6 million, decrease in out-of park revenues and a 2% decrease in combined attendance. The increase in per capita spending was the result of enhancements made to the overall guest experience, including improvements in food and beverage programs, resulting in increased spending and capture rates across all categories of our business. The decrease in out-of-park revenues was due to the soft results at our resort properties. The decrease in attendance for the second quarter was primarily due to the closure of the Company's flagship park, Cedar Point, for a weekend in early June due to a water main break, partial flooding at its Valleyfair park during the last week of June, and a prolonged school calendar in certain regions due to harsher than normal winter conditions. Excluding a non-core, stand-alone water park sold in August 2013, attendance on a comparable-park basis decreased 1%, or 104,000 visits. Revenues for the second quarter of 2014 also reflect the negative impact of exchange rates on our Canadian operations ($2.0 million) during the period.

Operating costs and expenses for the quarter increased 3%, or $6.8 million, to $224.9 million from $218.1 million in the second quarter of 2013, the net result of a $5.9 million increase in operating expenses, a $0.9 million increase in SG&A, and flat cost of goods sold. The $5.9 million increase in operating expenses was primarily due to several items. The three-month period ended June 29, 2014, had an increase in labor costs, due to higher staffing levels, benefits and hourly wages. Second, shows and attraction expenses increased due to new shows being introduced as well as from a change in contractual terms on our Dinosaurs Alive attractions. Third, operating supplies increased due primarily to incremental costs associated with improving the guest experience, as well as higher information technology expenses related to infrastructure improvements. SG&A costs increased due to higher full-time labor and benefit costs, including incentive compensation, and increases in consulting and information technology expenses related to the implementation of new systems. SG&A cost increases were partially offset by a decrease in advertising agency expenses primarily due to the timing of our advertising spend compared to the prior year second quarter. Expenses for the second quarter also reflect the positive impact of exchange rates on our Canadian operations ($1.3 million) during the period.

Depreciation and amortization expense for the quarter increased $0.9 million primarily due to additional capital expenditures. For the second quarter of 2014, the loss on impairment/retirement of fixed assets was $0.2 million, reflecting the retirement of assets during the period at several of our properties. Additionally, during the second quarter ended June 29, 2014, excess land was sold for a $0.9 million gain. After depreciation, amortization, loss on impairment / retirement of fixed assets, gain on sale of other assets, and all other non-cash costs, operating income for the period decreased $5.6 million to $91.8 million in the second quarter of 2014 from operating income of $97.4 million in the second quarter of 2013.

Interest expense for the second quarter of 2014 was $27.9 million, an increase of $2.0 million from the second quarter of 2013. The increase in interest expense was due to the overlap of one month of interest on our June 2014 notes and on our July 2010 notes for the month of June, when the July 2010 notes were redeemed. Partially offsetting this increase in interest on the bond portfolio was a decrease in revolver interest in the period due to lower borrowings and a decrease in non-cash amortization expense resulting from the write-off of loan fees related to our prior credit agreement.

40

The net effect of our swaps resulted in a non-cash benefit to earnings of $0.3 million for the second quarter of 2014 compared with a $2.3 million non-cash benefit to earnings in the second quarter of 2013. The difference reflects the change in fair market movements in our de-designated swap portfolio. During the current quarter, we also recognized a $16.1 million net benefit to earnings for unrealized/realized foreign currency gains compared with a $14.9 million net charge to earnings for the quarter in 2013. Both amounts represented foreign currency movements on the U.S.-dollar denominated debt held at our Canadian property. Due to our June 2014 bond financing, loan fees related to the July 2010 notes were written off. Additionally, a "make-whole" premium, as prescribed in the July 2010 Indenture, was paid to redeem the July 2010 notes. Together, these amounts resulted in a charge to earnings totaling $29.3 million.

During the quarter, a provision for taxes of $7.2 million was recorded to account for PTP taxes and the tax attributes of our corporate subsidiaries, compared to a provision for taxes of $11.7 million in the same period a year ago. After interest expense and the provision for taxes, net income for the quarter totaled $43.9 million, or $0.79 per diluted limited partner unit, compared with net income of $47.4 million, or $0.85 per diluted unit, for the second quarter 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 36-37). For the current quarter, Adjusted EBITDA decreased to $141.1 million from $144.1 million for the fiscal second quarter of 2013. The approximate $3.0 million decrease in Adjusted EBITDA is a direct result of a lower attendance base during the quarter compared with the prior-year period, along with higher employee-related costs, maintenance costs, utility costs, and costs associated with improving the guest experience. Partially offsetting these cost increases and the shortfalls in attendance and hotel bookings were incremental revenues resulting from higher average guest per capita spending in admissions and pure in-park guest spending, including food and beverage.

Twelve Months Ended June 29, 2014 -

The fiscal twelve-month period ended June 29, 2014, consisted of a 52-week period and 2,064 operating days, compared with 52 weeks and 2,298 operating days for the fiscal twelve-month period ended June 30, 2013. The difference in operating days was due primarily to the sale of two non-core water parks, and the combination of two parks, Worlds of Fun and Oceans of Fun, into one gate during 2013.

The following table presents key financial information for the twelve months ended June 29, 2014 and June 30, 2013:

	Twelve months ended			Twelve months ended			Increase (Decrease)
	6/29/2014			6/30/2013			$			%
	(52 weeks)			(52 weeks)
	(Amounts in thousands)
Net revenues	$	1,134,633		$	1,086,069		$	48,564		4.5	%
Operating costs and expenses	727,329			689,010			38,319			5.6	%
Depreciation and amortization	122,950			125,136			(2,186		)	(1.7	)%
Gain on sale of other assets	(9,664		)	(6,625		)	(3,039		)	N/M
Loss on impairment/retirement of fixed assets	3,122			31,735			(28,613		)	N/M
Operating income	$	290,896		$	246,813		$	44,083		17.9	%
N/M - Not meaningful
Other Data:
Adjusted EBITDA	$	417,741		$	404,590		$	13,151		3.3	%
Adjusted EBITDA margin	36.8		%	37.3		%	—			(0.5	)%
Attendance	23,265			23,248			17			0.1	%
Per capita spending	$	44.75		$	42.67		2.08			4.9	%
Out-of-park revenues	$	121,770		$	119,611		$	2,159		1.8	%

Net revenues totaled $1,134.6 million for the twelve months ended June 29, 2014, increasing $48.6 million, from $1,086.1 million for the trailing twelve months ended June 30, 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.

41

The increase in in-park spending was in large part the result of improvements in our food and beverage programs and the expansion and the success of our premium benefit offerings. Attendance for the period was flat compared to the prior twelve-month period. Excluding the prior period attendance at the two water parks that were sold, attendance would have increased 1%. Out-of-park revenues increased $2.2 million primarily due to the performance of our resort properties, which drove higher average daily room rates and occupancy rates. Revenues for the trailing-twelve-month period also reflect the negative impact of exchange rates on our Canadian operations ($6.0 million) during the period.

Operating costs and expenses increased $38.3 million, or 6%, to $727.3 million, from $689.0 million for the twelve-month period ended June 30, 2013. The increase in costs and expenses reflects a $30.1 million increase in operating expenses and a $11.0 million increase in SG&A costs, somewhat offset by a decrease in cost of goods sold of $2.8 million. The decrease of 3% in cost of goods sold was primarily driven by successful food and beverage efficiency initiatives. The increase in operating costs was due to higher normal operating and maintenance expense, enhancements to our parks' infrastructures, and increased employment-related costs including performance bonuses. SG&A costs increased due to full-time labor and benefit costs, including incentive compensation, and increases in consulting and information technology expenses related to the implementation of new systems. These SG&A cost increases were partially offset by a decrease in advertising agency expenses in the period. Expenses for the trailing-twelve-month period also reflect the positive impact of exchange rates on our Canadian operations ($3.4 million) during the period.

For the twelve-month period ended June 29, 2014, the gain on sale of other assets was $9.7 million due to the sale of one non-core water park during 2013 and sale of certain excess land in the second quarter of 2014. Gain on sale of other assets totaled $6.6 million for the twelve-month period ending June 30, 2013, reflecting the sale of two non-core assets during the period. Loss on impairment/retirement of fixed assets for the period was $3.1 million, due to asset retirements across all of our properties. Loss on impairment/retirement of fixed assets during the period ended June 30, 2013 totaled $31.7 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 $2.2 million compared with the prior period due primarily to several significant assets being fully depreciated at the end of 2012. After depreciation and amortization, as well as impairment charges and all other non-cash costs, operating income for the current period increased $44.1 million to $290.9 million from $246.8 million.

Interest expense for the twelve months ended June 29, 2014 decreased $1.1 million to $104.1 million, from $105.2 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. Somewhat offsetting these decreases was the overlap of one month of interest on our June 2014 notes and July 2010 notes for the month of June, when the July 2010 notes were redeemed.

During the current twelve-month period, the net effect of our interest rate swaps was recorded as a charge to earnings of $1.0 thousand compared to a charge to earnings of $6.6 million in the prior twelve-month period. The difference was primarily due to the write off of amounts in AOCI related to de-designated interest rate swaps during the twelve month period ended June 30, 2013. During the current period, we also recognized a $6.2 million charge to earnings for unrealized/realized foreign currency losses compared with a $13.7 million charge to earnings in the prior period, which both represented foreign currency loss on the U.S.-dollar denominated debt held at our Canadian property. Due to our June 2014 bond financing, loan fees related to the July 2010 notes were written off. Additionally, a "make-whole" premium, as prescribed in the July 2010 Indenture, was paid to redeem the July 2010 notes. Together, these amounts resulted in a charge to earnings totaling $29.3 million. During the twelve months ended June 30, 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 $21.2 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 $17.9 million in the twelve-month period ended June 30, 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 $130.3 million, or $2.33 per diluted limited partner unit, compared with net income of $69.0 million, or $1.24 per diluted unit, a year ago.

42

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 36-37). For the twelve-month period ended June 29, 2014, Adjusted EBITDA increased $13.2 million, or 3%, to $417.7 million. Over this same period, our Adjusted EBITDA margin (Adjusted EBITDA divided by net revenues) decreased 44 bps to 36.8% from 37.3% for the twelve-month period ended June 30, 2013. The increase in Adjusted EBITDA was primarily due to high-margin revenue initiatives during the period, such as our premium benefit offerings and our admission pricing, offset somewhat by an increase in planned operating expenses, such as labor costs, maintenance costs and costs associated with improving the guest experience.

July 2014 -

Based on preliminary results, comparable-park net revenues through August 3, 2014 were approximately $715 million, up 1%, or $8 million, compared with $707 million for the same period last year. The increase was a result of an approximate 4%, or $1.55, increase in average in-park guest per capita spending to $45.12. The increase in guest per capita spending was somewhat offset by a 2%, or 273,000-visit, decrease in attendance to 14.6 million visits and a $2 million decrease in out-of-park revenues to $76 million.

Liquidity and Capital Resources:

With respect to both liquidity and cash flow, we ended the second quarter of 2014 in sound condition. The negative working capital ratio (current liabilities divided by current assets) of 1.3 at June 29, 2014 is the result of normal seasonal activity. Receivables, inventories, and payables are at normal seasonal levels.

Operating Activities

During the six-month period ended June 29, 2014, net cash provided by operating activities decreased $30.3 million from the same period a year ago, due primarily to the timing of our interest payments as a result of our note refinancing as well as other working capital timing differences.

For the twelve-month period ended June 29, 2014 net cash provided by operating activities decreased $8.4 million from the same period a year ago, reflective of timing differences in working capital offset somewhat by year-over-year growth in revenues.

Investing Activities

Net cash used in investing activities in the six-month period ended June 29, 2014 was $105.3 million, an increase of $26.1 million compared with the six-month period ended June 30, 2013, due to greater 2014 capital expenditures.

Net cash used in investing activities for the trailing-twelve-month period ended June 29, 2014 totaled $131.2 million compared with $94.1 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 used by financing activities in the first six months of 2014 was $25.9 million, a decrease of $11.2 million compared with the six-month period ended June 30, 2013. The decrease was due to an increase in cash provided by the June 2014 bond refinancing and the early redemption of our July 2010 notes as compared with the cash provided due to our March 2013 refinancing. Somewhat offsetting this decrease was a net increase in unitholder distributions and a reduction in revolver balances.

Net cash used in financing activities in the trailing-twelve-month period ended June 29, 2014 totaled $166.8 million, a decrease of $33.1 million compared with the twelve-month period ended June 30, 2013. The decrease was largely due to a reduction in debt related activities, including debt borrowings/payoffs and debt issuance costs, during the current period, net of increases in unitholder distributions.

As of June 29, 2014, our debt consisted of the following:

• $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 a price equal to 105.25% together with accrued and unpaid interest. 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 $3.0 million as of June 29, 2014.

43

• $39 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.

• $450 million of 5.375% senior unsecured notes, maturing in 2024, issued at par. The notes may be redeemed, in whole or in part, at any time prior to June 1, 2019 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 June 1, 2017, up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at a price equal to 105.375% together with accrued and unpaid interest. The notes pay interest semi-annually in June and December.

During the second quarter of 2014, we redeemed our 9.125% notes, which were scheduled to mature in 2018, in connection with issuing our new 5.375% notes due in 2024. The redemption of these notes included the payment of a "make-whole" premium of $21.1 million in accordance with the terms of the indenture. 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), $950.0 million of fixed-rate debt, $39.0 million in outstanding borrowings under our revolving credit facility, and cash on hand of $40.1 million. After letters of credit, which totaled $16.3 million at June 29, 2014, we had $199.7 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 June 29, 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 June 29, 2014, the fair market value of the derivative portfolio was $30.1 million, which was recorded in “Derivative Liability” on the condensed consolidated balance sheet.

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 second quarter of 2014, this ratio was set at 6.00x consolidated total debt (excluding the revolving debt)-to-consolidated EBITDA. The ratio will decrease by 0.25x each second quarter until it reaches 5.25x. Based on our trailing-twelve-month results ending June 29, 2014, our Consolidated Leverage Ratio was 3.76x, providing $155.3 million of EBITDA cushion on the ratio at the end of the second quarter. We were in compliance with all other covenants under the 2013 Credit Agreement as of June 29, 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. We can make restricted payments of $60 million annually so long as no default or event of default has occurred and is continuing. Our ability to make additional restricted payments in 2014 and beyond is permitted should our proforma trailing-twelve-month Total Indebtedness-to-Consolidated-Cash-Flow Ratio be less than or equal to 5.00x.

In accordance with these debt provisions, on May 8, 2014, we announced the declaration of a distribution of $0.70 per limited partner unit, which was paid on June 16, 2014, and on August 5, 2014 we announced the declaration of a distribution of $0.70 per limited partner unit, payable September 15, 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:

44

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 June 29, 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 June 29, 2014, we had $950.0 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 $19 million, a hypothetical 100 bps 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 $4.0 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 $5.0 million over the next year.

A uniform 10% strengthening of the U.S. dollar relative to the Canadian dollar would result in a $4.0 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 June 29, 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 June 29, 2014.

(b)Changes in Internal Control Over Financial Reporting -

45

There were no changes in the Partnership’s internal control over financial reporting that occurred during the fiscal quarter ended June 29, 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 June 29, 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 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 June 29, 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.

46

ITEM 6. EXHIBITS

Exhibit (4.1)	Indenture, dated as of June 3, 2014, by and among Cedar Fair, L.P., Canada's Wonderland Company and Magnum Management Corporation, as issuers, the guarantors named therein and The Bank of New York Mellon, as Trustee (including Form of 5.375% Senior Note due 2024). Incorporated herein by reference to Exhibit 4.1 to the Registrant's Form 8-K filed on June 3, 2014.
Exhibit (4.2)	Registration Rights Agreement, dated June 3, 2014, by and among Cedar Fair, L.P., Canada's Wonderland Company, and Magnum Management Corporation, as issuers, the guarantors named therein and J.P. Morgan Securities LLC, on behalf of itself and as representative of the initial purchasers named therein. Incorporated herein by reference to Exhibit 4.3 to the Registrant's Form 8-K filed on June 3, 2014.
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 Partnership's Quarterly Report on Form 10-Q for the quarter ended June 29, 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.

47

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:	August 7, 2014	/s/ Matthew A. Ouimet
		Matthew A. Ouimet
		President and Chief Executive Officer
Date:	August 7, 2014	/s/ Brian C. Witherow
		Brian C. Witherow
		Executive Vice President and
		Chief Financial Officer

48

INDEX TO EXHIBITS

Exhibit (4.1)	Indenture, dated as of June 3, 2014, by and among Cedar Fair, L.P., Canada's Wonderland Company and Magnum Management Corporation, as issuers, the guarantors named therein and The Bank of New York Mellon, as Trustee (including Form of 5.375% Senior Note due 2024). Incorporated herein by reference to Exhibit 4.1 to the Registrant's Form 8-K filed on June 3, 2014.
Exhibit (4.2)	Registration Rights Agreement, dated June 3, 2014, by and among Cedar Fair, L.P., Canada's Wonderland Company, and Magnum Management Corporation, as issuers, the guarantors named therein and J.P. Morgan Securities LLC, on behalf of itself and as representative of the initial purchasers named therein. Incorporated herein by reference to Exhibit 4.3 to the Registrant's Form 8-K filed on June 3, 2014.
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 Partnership's Quarterly Report on Form 10-Q for the quarter ended June 29, 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.

49

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:	August 7, 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:	August 7, 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 June 29, 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.

August 7, 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		6 Months Ended		12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net effect of swaps	$ (315)	$ (2,273)	$ 56	$ 6,938	$ 1	$ 6,589
Income (loss) before taxes	51,090	59,050	(62,701)	(85,735)	151,481	86,869
Provision (benefit) for taxes	(7,188)	(11,660)	23,063	23,999	(21,179)	(17,917)
Net income (loss)	43,902	47,390	(39,638)	(61,736)	130,302	68,952
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income (loss) before taxes	1,986	1,986	3,971	10,160	7,943	9,811
Provision (benefit) for taxes	(307)	(307)	(614)	(1,536)	(1,228)	(1,482)
Net income (loss)	1,679	1,679	3,357	8,624	6,715	8,329
Interest Rate Contracts [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net effect of swaps	$ (1,986)	$ (1,986)	$ (3,971)	$ (10,160)	$ (7,943)	$ (9,811)

XML

Derivative Financial Instruments Balance Sheet Location (Details) (USD $)	Jun. 29, 2014	Dec. 31, 2013	Jun. 30, 2013
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (30,110,000)	$ (26,662,000)	$ (26,772,000)
Derivative assets (liabilities), at fair value, net	(30,110,000)	(26,662,000)	(26,772,000)
Designated As Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative assets (liabilities), at fair value, net	(11,279,000)	(3,916,000)	(20,122,000)
Not Designated As Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative assets (liabilities), at fair value, net	(18,831,000)	(22,746,000)	(6,650,000)
Interest Rate Swap [Member] | Designated As Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	(11,279,000)	(3,916,000)	(20,122,000)
Interest Rate Swap [Member] | Not Designated As Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	(18,831,000)	(22,746,000)	(6,650,000)
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	$ 9,800,000

XML

Changes in Accumulated Other Comprehensive Income by Component (Tables)

6 Months Ended

Jun. 29, 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 $1,115 and $402, respectively		(6,248		)	(696		)	(6,944		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($614) (2)		3,357			—			3,357
Net other comprehensive income		(2,891		)	(696		)	(3,587		)
June 29, 2014		$	(17,904	)	$	(691	)	$	(18,595	)

(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 ($1,089), respectively		1,940			1,893			3,833
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,536) (2)		8,624			—			8,624
Net other comprehensive income		10,564			1,893			12,457
June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)

(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 June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)
Other comprehensive income before reclassifications, net of tax $1,846 and ($94), respectively		(9,434		)	167			(9,267		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,228) (2)		6,715			—			6,715
Net other comprehensive income		(2,719		)	167			(2,552		)
June 29, 2014		$	(17,904	)	$	(691	)	$	(18,595	)

(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 July 1, 2012		$	(27,920	)	$	(3,808	)	$	(31,728	)
Other comprehensive income before reclassifications, net of tax ($745) and ($1,697), respectively		4,405			2,950			7,355
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,482) (2)		8,330			—			8,330
Net other comprehensive income		12,735			2,950			15,685
June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)

(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 6/29/14			3 months ended 6/30/13			6 months ended 6/29/14			6 months ended 6/30/13			12 months ended 6/29/14			12 months ended 6/30/13
Interest rate contracts	$	1,986		$	1,986		$	3,971		$	10,160		$	7,943		$	9,811		Net effect of swaps
	$	1,986		$	1,986		$	3,971		$	10,160		$	7,943		$	9,811		Total before tax
	(307		)	(307		)	(614		)	(1,536		)	(1,228		)	(1,482		)	Benefit for taxes
	$	1,679		$	1,679		$	3,357		$	8,624		$	6,715		$	8,329		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 6/29/14			3 months ended 6/30/13			6 months ended 6/29/14			6 months ended 6/30/13			12 months ended 6/29/14			12 months ended 6/30/13
Interest rate contracts	$	1,986		$	1,986		$	3,971		$	10,160		$	7,943		$	9,811		Net effect of swaps
	$	1,986		$	1,986		$	3,971		$	10,160		$	7,943		$	9,811		Total before tax
	(307		)	(307		)	(614		)	(1,536		)	(1,228		)	(1,482		)	Benefit for taxes
	$	1,679		$	1,679		$	3,357		$	8,624		$	6,715		$	8,329		Net of tax

(1) Amounts in parentheses indicate debits.

XML

Consolidating Financial Information of Guarantors and Issuers Income Statement (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Condensed Financial Statements, Captions [Line Items]
Net revenues	$ 363,014	$ 361,620	$ 403,480	$ 403,419	$ 1,134,633	$ 1,086,069
Costs and expenses:
Cost of food, merchandise and games	31,090	31,053	36,075	36,090	91,757	94,565
Operating expenses	147,192	141,284	227,542	217,941	481,945	451,823
Selling, general and administrative	46,617	45,767	68,021	66,806	153,627	142,622
Depreciation and amortization	46,974	46,032	51,281	50,818	122,950	125,136
Loss on impairment / retirement of fixed assets, net	215	29	1,212	629	3,122	31,735
Gain on sale of other assets	(921)	0	(921)	0	(9,664)	(6,625)
Total costs and expenses	271,167	264,165	383,210	372,284	843,737	839,256
Operating income	91,847	97,455	20,270	31,135	290,896	246,813
Interest Income (Expense), Net	27,901	25,792	52,560	51,515	103,962	105,045
Net effect of swaps	(315)	(2,273)	56	6,938	1	6,589
Loss on early debt extinguishment	29,273	0	29,273	34,573	29,273	34,573
Unrealized / realized foreign currency (gain) loss	(16,102)	14,886	1,082	23,844	6,179	13,737
Other Income Expense	0	0	0	0	0	0
(Income) loss from investment in affiliates	0	0	0	0	0	0
Income (loss) before taxes	51,090	59,050	(62,701)	(85,735)	151,481	86,869
Provision (benefit) for taxes	7,188	11,660	(23,063)	(23,999)	21,179	17,917
Net income (loss)	43,902	47,390	(39,638)	(61,736)	130,302	68,952
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,317)	1,592	(696)	1,893	167	2,950
Unrealized income (loss) on cash flow hedging derivatives	(2,241)	1,679	(2,891)	10,564	(2,719)	12,735
Other comprehensive income (loss), (net of tax)	(4,558)	3,271	(3,587)	12,457	(2,552)	15,685
Total Comprehensive Income (Loss)	39,344	50,661	(43,225)	(49,279)	127,750	84,637
Cedar Fair L.P. (Parent) [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	43,084	43,925	47,839	48,243	152,065	148,757
Costs and expenses:
Cost of food, merchandise and games	0	0	0	0	0	0
Operating expenses	1,312	1,408	2,660	2,831	5,832	5,438
Selling, general and administrative	1,467	1,222	2,863	2,514	6,066	6,021
Depreciation and amortization	14,011	12,891	14,485	13,366	37,926	36,799
Loss on impairment / retirement of fixed assets, net	0	0	249	(36)	637	25,950
Gain on sale of other assets	0		0		0	0
Total costs and expenses	16,790	15,521	20,257	18,747	50,461	74,208
Operating income	26,294	28,404	27,582	29,496	101,604	74,549
Interest Income (Expense), Net	10,533	10,210	20,732	20,722	42,640	45,022
Net effect of swaps	(178)	(1,378)	16	4,257	(51)	4,050
Loss on early debt extinguishment	0		0	21,175	0	21,175
Unrealized / realized foreign currency (gain) loss	0	0	0	0	0	0
Other Income Expense	188	187	375	375	750	749
(Income) loss from investment in affiliates	(30,914)	(30,875)	42,674	41,221	(82,104)	(74,816)
Income (loss) before taxes	46,665	50,260	(36,215)	(58,254)	140,369	78,369
Provision (benefit) for taxes	2,763	2,870	3,423	3,482	10,067	9,417
Net income (loss)	43,902	47,390	(39,638)	(61,736)	130,302	68,952
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,317)	1,592	(696)	1,893	167	2,950
Unrealized income (loss) on cash flow hedging derivatives	(2,241)	1,679	(2,891)	10,564	(2,719)	12,735
Other comprehensive income (loss), (net of tax)	(4,558)	3,271	(3,587)	12,457	(2,552)	15,685
Total Comprehensive Income (Loss)	39,344	50,661	(43,225)	(49,279)	127,750	84,637
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	79,737	85,358	88,416	93,729	290,764	271,778
Costs and expenses:
Cost of food, merchandise and games	79	0	79	0	79	0
Operating expenses	54,893	52,246	77,355	73,852	187,107	177,188
Selling, general and administrative	27,495	26,888	44,167	43,501	101,491	91,895
Depreciation and amortization	94	9	103	18	122	40
Loss on impairment / retirement of fixed assets, net	(1)	0	(1)	0	(1)	0
Gain on sale of other assets	0		0		0	0
Total costs and expenses	82,560	79,143	121,703	117,371	288,798	269,123
Operating income	(2,823)	6,215	(33,287)	(23,642)	1,966	2,655
Interest Income (Expense), Net	7,354	7,246	14,365	14,923	28,317	29,552
Net effect of swaps	(137)	(895)	40	2,681	52	2,539
Loss on early debt extinguishment	0		0	12,781	0	12,781
Unrealized / realized foreign currency (gain) loss	0	0	0	0	0	0
Other Income Expense	(2,415)	(2,128)	(5,689)	(4,516)	(12,430)	(8,947)
(Income) loss from investment in affiliates	(21,721)	(15,540)	25,422	20,100	(32,198)	(52,527)
Income (loss) before taxes	14,096	17,532	(67,425)	(69,611)	18,225	19,257
Provision (benefit) for taxes	(3,481)	684	(13,903)	(16,981)	(9,055)	(13,289)
Net income (loss)	17,577	16,848	(53,522)	(52,630)	27,280	32,546
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	0	0	0	0	0	0
Unrealized income (loss) on cash flow hedging derivatives	(644)	503	(817)	3,038	(1,007)	3,635
Other comprehensive income (loss), (net of tax)	(644)	503	(817)	3,038	(1,007)	3,635
Total Comprehensive Income (Loss)	16,933	17,351	(54,339)	(49,592)	26,273	36,181
Co-Issuer Subsidiary (Cedar Canada) [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	33,878	34,954	34,029	35,243	126,478	133,554
Costs and expenses:
Cost of food, merchandise and games	2,881	2,994	2,882	2,994	9,210	9,769
Operating expenses	15,124	15,586	22,061	21,527	48,304	47,798
Selling, general and administrative	3,886	3,868	4,759	4,579	11,164	10,659
Depreciation and amortization	6,502	6,818	6,502	6,818	17,017	18,032
Loss on impairment / retirement of fixed assets, net	0	0	0	(478)	1	475
Gain on sale of other assets	0		0		0	0
Total costs and expenses	28,393	29,266	36,204	36,396	85,696	86,733
Operating income	5,485	5,688	(2,175)	(1,153)	40,782	46,821
Interest Income (Expense), Net	11,933	9,843	21,401	19,607	41,170	39,476
Net effect of swaps	0	0	0	0	0	0
Loss on early debt extinguishment	29,273		29,273	617	29,273	617
Unrealized / realized foreign currency (gain) loss	(16,102)	14,886	1,082	23,844	6,179	13,737
Other Income Expense	531	583	905	1,383	3,201	2,694
(Income) loss from investment in affiliates	(10,576)	(8,232)	(6,512)	(4,712)	(19,238)	(15,768)
Income (loss) before taxes	(9,574)	(11,392)	(48,324)	(41,892)	(19,803)	6,065
Provision (benefit) for taxes	(7,645)	(6,732)	(18,151)	(15,986)	(13,021)	(8,917)
Net income (loss)	(1,929)	(4,660)	(30,173)	(25,906)	(6,782)	14,982
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,317)	1,592	(696)	1,893	167	2,950
Unrealized income (loss) on cash flow hedging derivatives	0	0	0	0	0	0
Other comprehensive income (loss), (net of tax)	(2,317)	1,592	(696)	1,893	167	2,950
Total Comprehensive Income (Loss)	(4,246)	(3,068)	(30,869)	(24,013)	(6,615)	17,932
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	328,013	326,473	368,325	367,983	1,006,811	952,082
Costs and expenses:
Cost of food, merchandise and games	28,130	28,059	33,114	33,096	82,468	84,796
Operating expenses	197,561	201,134	260,595	261,510	682,187	641,501
Selling, general and administrative	13,769	13,789	16,232	16,212	34,906	34,047
Depreciation and amortization	26,367	26,314	30,191	30,616	67,885	70,265
Loss on impairment / retirement of fixed assets, net	216	29	964	(115)	2,485	5,310
Gain on sale of other assets	921		921		(9,664)	(6,625)
Total costs and expenses	265,122	269,325	340,175	341,549	860,267	829,294
Operating income	62,891	57,148	28,150	26,434	146,544	122,788
Interest Income (Expense), Net	(1,919)	(1,507)	(3,938)	(3,737)	(8,165)	(9,005)
Net effect of swaps	0	0	0	0	0	0
Loss on early debt extinguishment	0		0	0	0	0
Unrealized / realized foreign currency (gain) loss	0	0	0	0	0	0
Other Income Expense	1,696	1,358	4,409	2,758	8,479	5,504
(Income) loss from investment in affiliates	1,929	4,649	30,173	25,876	6,774	(12,687)
Income (loss) before taxes	61,185	52,648	(2,494)	1,537	139,456	138,976
Provision (benefit) for taxes	15,551	14,838	5,568	5,486	33,188	30,706
Net income (loss)	45,634	37,810	(8,062)	(3,949)	106,268	108,270
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	0	0	0	0	0	0
Unrealized income (loss) on cash flow hedging derivatives	0	0	0	0	0	0
Other comprehensive income (loss), (net of tax)	0	0	0	0	0	0
Total Comprehensive Income (Loss)	45,634	37,810	(8,062)	(3,949)	106,268	108,270
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	(121,698)	(129,090)	(135,129)	(141,779)	(441,485)	(420,102)
Costs and expenses:
Cost of food, merchandise and games	0	0	0	0	0	0
Operating expenses	(121,698)	(129,090)	(135,129)	(141,779)	(441,485)	(420,102)
Selling, general and administrative	0	0	0	0	0	0
Depreciation and amortization	0	0	0	0	0	0
Loss on impairment / retirement of fixed assets, net	0	0	0	0	0	0
Gain on sale of other assets	0		0		0	0
Total costs and expenses	(121,698)	(129,090)	(135,129)	(141,779)	(441,485)	(420,102)
Operating income	0	0	0	0	0	0
Interest Income (Expense), Net	0	0	0	0	0	0
Net effect of swaps	0	0	0	0	0	0
Loss on early debt extinguishment	0		0	0	0	0
Unrealized / realized foreign currency (gain) loss	0	0	0	0	0	0
Other Income Expense	0	0	0	0	0	0
(Income) loss from investment in affiliates	61,282	49,998	(91,757)	(82,485)	126,766	155,798
Income (loss) before taxes	(61,282)	(49,998)	91,757	82,485	(126,766)	(155,798)
Provision (benefit) for taxes	0	0	0	0	0	0
Net income (loss)	(61,282)	(49,998)	91,757	82,485	(126,766)	(155,798)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	2,317	(1,592)	696	(1,893)	(167)	(2,950)
Unrealized income (loss) on cash flow hedging derivatives	644	(503)	817	(3,038)	1,007	(3,635)
Other comprehensive income (loss), (net of tax)	2,961	(2,095)	1,513	(4,931)	840	(6,585)
Total Comprehensive Income (Loss)	$ (58,321)	$ (52,093)	$ 93,270	$ 77,554	$ (125,926)	$ (162,383)

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Income and Partnership Taxes Unrecognized Tax Position (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 29, 2014
Income Tax Disclosure [Abstract]
Unrecognized tax benefit	$ 1.1

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Significant Accounting and Reporting Policies

6 Months Ended

Jun. 29, 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 June 29, 2014 and June 30, 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 also requires an entity to disclose the nature and amount of the obligation as other information about those obligations. The amendments in the guidance 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 June 30, 2013 Unaudited Condensed Consolidating Balance Sheets in Note 12 reflect the effect of the adoption of this guidance.

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). The amendments in ASU 2014-09 provide for a single, principles-based model for revenue recognition that replaces the existing revenue recognition guidance. ASU 2014-09 is effective for annual and interim periods beginning on or after December 15, 2016 and will replace most existing revenue recognition guidance under U.S. GAAP when it becomes effective. It permits the use of either a retrospective or cumulative effect transition method and early adoption is not permitted. The Partnership has not yet selected a transition method and is in the process of evaluating the effect this standard will have on the consolidated financial statements and related disclosures.

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Consolidating Financial Information of Guarantors and Issuers Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Mar. 31, 2013
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES	$ 52,237	$ 82,556	$ 294,284	$ 302,706
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
INtercompany Receivable	0	0	0	0
Proceeds from Sales of Assets, Investing Activities	1,377	0	16,674	14,885
Capital expenditures	(106,690)	(79,189)	(147,848)	(108,995)
Net cash for investing activities	(105,313)	(79,189)	(131,174)	(94,110)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Proceeds from (Repayments of) Other Long-term Debt	39,000	58,000	(19,000)	(53,000)
Term debt borrowings	0	630,000	0	630,000
Note borrowings	450,000	500,000	450,000	500,000
Repayments of Notes Payable	(426,148)	0	(426,148)	0
Repayments of Related Party Debt				0
Repayments of Long-term Debt	0	(1,132,675)	(9,575)	(1,141,675)
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties				0
Payments of Distributions to Affiliates	(78,275)	(69,639)	(152,094)	(114,093)
Intercompany payable	0	0	0	0
Excess tax benefit from unit-based compensation	(725)	(130)	260	1,517
Payments of Debt Issuance Costs	(9,795)	(22,764)	(10,280)	(22,758)
Exercise of limited partnership unit options	0	28	24	57
Net cash for financing activities	(25,943)	(37,180)	(166,813)	(199,952)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	1,097	(1,389)	209	(945)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(77,922)	(35,202)	(3,494)	7,699
Balance, beginning of period	118,056	78,830	43,628	35,929	43,628
Balance, end of period	40,134	43,628	40,134	43,628	43,628
Cedar Fair L.P. (Parent) [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES	57,348	34,874	184,623	190,494
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
INtercompany Receivable	0	0	0	0
Proceeds from Sales of Assets, Investing Activities	0		0	0
Capital expenditures	(47,494)	(38,398)	(65,349)	(47,797)
Net cash for investing activities	(47,494)	(38,398)	(65,349)	(47,797)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Proceeds from (Repayments of) Other Long-term Debt	39,000	58,000	(19,000)	(53,000)
Term debt borrowings		359,022		359,022
Note borrowings	0	294,897	0	294,897
Repayments of Notes Payable	0		0
Repayments of Related Party Debt				0
Repayments of Long-term Debt		(655,723)	(5,457)	(660,931)
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties				0
Payments of Distributions to Affiliates	(79,544)	(71,350)	(154,847)	(115,839)
Intercompany payable	(44,310)	7,990	60,253	47,465
Excess tax benefit from unit-based compensation	0	0	0	0
Payments of Debt Issuance Costs	0	(14,312)	(223)	(14,311)
Exercise of limited partnership unit options		0	0	0
Net cash for financing activities	(84,854)	(21,476)	(119,274)	(142,697)
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	(48,952)	(8,162)	(16,592)	(48,744)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
INtercompany Receivable	7,625	13,869	37,779	(43,948)
Proceeds from Sales of Assets, Investing Activities	0		0	0
Capital expenditures	(193)	0	(193)	(8)
Net cash for investing activities	7,432	13,869	37,586	42,406
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	0	205,103	0	205,103
Repayments of Notes Payable	0		0
Repayments of Related Party Debt				0
Repayments of Long-term Debt		(462,438)	(3,898)	(466,114)
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties				86,362
Payments of Distributions to Affiliates	0	1,711	0	1,746
Intercompany payable	38,101	1,089	(17,224)	15,543
Excess tax benefit from unit-based compensation	(725)	(130)	260	1,517
Payments of Debt Issuance Costs	0	(8,014)	(156)	(8,014)
Exercise of limited partnership unit options		28	24	57
Net cash for financing activities	37,376	(6,151)	(20,994)	6,338
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(4,144)	(444)	0	0
Balance, beginning of period	4,144	444	0	0
Balance, end of period	0	0	0	0
Co-Issuer Subsidiary (Cedar Canada) [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES	(22,362)	(6,326)	(1,723)	27,790
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
INtercompany Receivable	0	0	0	0
Proceeds from Sales of Assets, Investing Activities	0		0	0
Capital expenditures	(11,573)	(3,435)	(17,667)	(4,404)
Net cash for investing activities	(11,573)	(3,435)	(17,667)	(4,404)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Proceeds from (Repayments of) Other Long-term Debt	0	0	0	0
Term debt borrowings		14,478		14,478
Note borrowings	450,000	0	450,000	0
Repayments of Notes Payable	(426,148)		(426,148)
Repayments of Related Party Debt				0
Repayments of Long-term Debt		(14,514)	(220)	(14,630)
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties				0
Payments of Distributions to Affiliates	0	(13,173)	0	(13,173)
Intercompany payable	2,631	(3,631)	3,130	(912)
Excess tax benefit from unit-based compensation	0	0	0	0
Payments of Debt Issuance Costs	(9,795)	(438)	(9,901)	(433)
Exercise of limited partnership unit options		0	0	0
Net cash for financing activities	16,688	(17,278)	16,861	(14,670)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	1,097	(1,389)	209	(945)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(16,150)	(28,428)	(2,320)	7,771
Balance, beginning of period	35,575	50,173	21,745	13,974
Balance, end of period	19,425	21,745	19,425	21,745
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES	76,734	81,364	133,985	146,839
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
INtercompany Receivable	3,829	(5,384)	(45,923)	(62,033)
Proceeds from Sales of Assets, Investing Activities	1,377		16,674	14,885
Capital expenditures	(47,430)	(37,356)	(64,639)	(56,786)
Net cash for investing activities	(42,224)	(42,740)	(93,888)	(103,934)
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	0	0
Repayments of Notes Payable	0		0
Repayments of Related Party Debt				(86,362)
Repayments of Long-term Debt		0	0	0
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties				0
Payments of Distributions to Affiliates	0	0	0	0
Intercompany payable	(7,861)	(13,933)	(38,015)	43,885
Excess tax benefit from unit-based compensation	0	0	0	0
Payments of Debt Issuance Costs	0	0	0	0
Exercise of limited partnership unit options		0	0	0
Net cash for financing activities	(7,861)	(13,933)	(38,015)	(42,477)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	26,649	24,691	2,082	428
Balance, beginning of period	3,337	3,213	27,904	27,476
Balance, end of period	29,986	27,904	29,986	27,904
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES	(10,531)	(19,194)	(6,009)	(13,673)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
INtercompany Receivable	(11,454)	(8,485)	8,144	105,981
Proceeds from Sales of Assets, Investing Activities	0		0	0
Capital expenditures	0	0	0	0
Net cash for investing activities	(11,454)	(8,485)	8,144	19,619
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	0	0
Repayments of Notes Payable	0		0
Repayments of Related Party Debt				86,362
Repayments of Long-term Debt		0	0	0
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties				(86,362)
Payments of Distributions to Affiliates	1,269	13,173	2,753	13,173
Intercompany payable	11,439	8,485	(8,144)	(105,981)
Excess tax benefit from unit-based compensation	0	0	0	0
Payments of Debt Issuance Costs	0	0	0	0
Exercise of limited partnership unit options		0	0	0
Net cash for financing activities	12,708	21,658	(5,391)	(6,446)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(9,277)	(6,021)	(3,256)	(500)
Balance, beginning of period	0	0	(6,021)	(5,521)	(6,021)
Balance, end of period	$ (9,277)	$ (6,021)	$ (9,277)	$ (6,021)	$ (6,021)

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Goodwill and Other Intangible Assets Goodwill (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 29, 2014	Jun. 30, 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	(439)	(6,741)
Goodwill (gross), end of period	317,518	319,348
Accumulated Impairment Losses, end of period	(79,868)	(79,868)
Goodwill (net), end of period	$ 237,650	$ 239,480

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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 $)	Jun. 29, 2014	Dec. 31, 2013	Jun. 30, 2013
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Carrying Amount/Value	$ 39,008,000	$ 39,070,000	$ 39,267,000
Accumulated Amortization	399,000	399,000	379,000
Total other intangible assets, gross carrying amount	39,908,000	39,870,000	40,098,000
Total other intangibe assets, net carrying value	39,509,000	39,471,000	39,719,000
Finite-Lived Intangible Assets, Amortization Expense, 2015	75,000
Estimated amortization expense, 2014 (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, 2016	75,000
License / Franchise Agreements [Member]
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	900,000	800,000	831,000
Accumulated Amortization	399,000	399,000	379,000
Net Carrying Value	$ 501,000	$ 401,000	$ 452,000

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Long-Term Debt (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended	3 Months Ended	6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended			6 Months Ended
	Jun. 29, 2014	Jun. 29, 2014 Notes Payable Due 2024 [Domain] Senior Unsecured Notes [Member]	Jun. 29, 2014 Notes Payable Due 2024 [Domain] Senior Unsecured Notes [Member]	Jun. 03, 2014 Notes Payable Due 2024 [Domain] Senior Unsecured Notes [Member]	Jun. 29, 2014 Notes Payable, Due 2018 [Member] Maximum [Member]	Jul. 30, 2010 Notes Payable, Due 2018 [Member] Senior Unsecured Notes [Member]	Jun. 29, 2014 Notes Payable Due 2021 [Member] [Domain] Senior Unsecured Notes [Member]	Mar. 31, 2013 Notes Payable Due 2021 [Member] [Domain] Senior Unsecured Notes [Member]	Jun. 29, 2014 Credit Agreement 2013 [Member] [Domain]	Mar. 31, 2013 Credit Agreement 2013 [Member] [Domain]	Jun. 29, 2014 Credit Agreement 2013 [Member] [Domain] Maximum [Member]	Jun. 29, 2014 Credit Agreement 2013 [Member] [Domain] Canadian Revolving Credit Facility [Member]	Jun. 29, 2014 Credit Agreement 2013 [Member] [Domain]	Jun. 29, 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. 31, 2013 Credit Agreement 2013 [Member] [Domain] Senior Secured Revolving Credit Facility [Member]	Jul. 30, 2010 Original Issue Discount [Member] Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount				$ 450		$ 405		$ 500		$ 885					$ 630	$ 255
Debt Instrument, Periodic Payment														6.3
Debt Instrument, Interest Rate, Stated Percentage				5.375%		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%
Interest rate margin over LIBOR														2.50%
Interest rate LIBOR floor														0.75%
Redemption percentage of original face amount		100.00%					100.00%
Early call date, percentage of notes availabe for redemption			35.00%				35.00%
Early call date, premium price, percentage			105.375%				105.25%
Consolidated leverage ratio requirement									6.00
Consolidated Leverage Ratio Decrease	0.25
Final Consolidated Leverage Ratio	5.25
Consolidated leverage ratio									3.76
Restricted payment					$ 60						$ 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									5.00
Total-Indebtedness-to-Consolidated-Cash-Flow Ratio requirement, period of measurement, quarterly									3 months

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Basis of Presentation

6 Months Ended

Jun. 29, 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 June 29, 2014 and June 30, 2013 to accompany the quarterly results. Because amounts for the fiscal twelve months ended June 29, 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		6 Months Ended		12 Months Ended							3 Months Ended		6 Months Ended		12 Months Ended																								3 Months Ended		6 Months Ended		12 Months Ended						3 Months Ended		6 Months Ended		12 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended		3 Months Ended		6 Months Ended	12 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 29, 2014 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 12 [Member]	Jun. 29, 2014 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 13 [Member]	Jun. 29, 2014 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 14 [Member]	Jun. 29, 2014 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 15 [Member]	Jun. 29, 2014 Interest Rate Swap [Member]	Jun. 30, 2013 Interest Rate Swap [Member]	Jun. 29, 2014 Interest Rate Swap [Member]	Jun. 30, 2013 Interest Rate Swap [Member]	Jun. 29, 2014 Interest Rate Swap [Member]	Jun. 30, 2013 Interest Rate Swap [Member]	Jun. 29, 2014 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member]	Jun. 29, 2014 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] 2013 forwards [Member] contract	Jun. 29, 2014 Not Designated As Hedging [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 1 [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 2 [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 3 [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 4 [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 5 [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 6 [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 7 [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 8 [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 9 [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 10 [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 11 [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 2014 Designated As Hedging [Member]	Jun. 29, 2014 Designated As Hedging [Member] Derivatives Effective Through July 2013 [Member]	Jun. 29, 2014 Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 2014 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 2014 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 2014 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Mar. 31, 2013 Notes Payable Due 2021 [Member] [Domain] Senior Unsecured Notes [Member]	Mar. 31, 2013 Credit Agreement 2013 [Member] [Domain]	Jun. 29, 2014 Credit Agreement 2013 [Member] [Domain] Senior Secured Term Loan [Member]	Mar. 31, 2013 Credit Agreement 2013 [Member] [Domain] Senior Secured Term Loan [Member]	Jun. 29, 2014 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 2014 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 2014 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Interest Expense [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 2014 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Jun. 30, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Jun. 29, 2014 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Jun. 30, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Jun. 29, 2014 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Jun. 30, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member]	Jun. 29, 2014 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 2014 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Net Effect of Swaps [Member] Not Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 2014 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 2014 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 2014 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Net Effect of Swaps [Member] Designated As Hedging [Member] Cash Flow Hedging [Member] Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net																																								$ (4,622,000)	$ 0	$ (7,364,000)	$ 2,266,000	$ (11,280,000)	$ 5,152,000
Derivative, Net Hedge Ineffectiveness Gain (Loss)																																																																			0	3,268,000	0	3,703,000	0	3,703,000
Derivative Instruments, Gain (Loss) Recognized in Income, Net																																																								2,301,000	992,000	3,918,000	(479,000)	7,944,000	(479,000)	2,301,000	992,000	(479,000)	7,944,000	(479,000)
Notional amount								200,000,000	100,000,000	100,000,000	100,000,000									800,000,000	200,000,000	150,000,000	75,000,000	70,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	30,000,000	25,000,000	200,000,000			500,000,000	600,000,000
Fixed interest rate								3.00%	3.00%	2.996%	2.70%										2.27%	2.427%	2.298%	2.54%	2.54%	2.54%	2.427%	2.293%	2.293%	2.54%	2.298%				2.94%
Average rate																			2.94%	2.38375%
Debt Instrument, Face Amount																																														500,000,000	885,000,000		630,000,000
Net effect of swaps	315,000	2,273,000	(56,000)	(6,938,000)	(1,000)	(6,589,000)
Derivative, amount of hedged item																			500,000,000
Debt Instrument, Interest Rate, Stated Percentage																																														5.25%
Number of derivative instruments																			4
Debt instrument, LIBOR floor, decrease to percent	1.00%		1.00%		1.00%
Debt instrument, LIBOR floor, decrease from percent	1.50%		1.50%		1.50%
Interest rate LIBOR floor																																																0.75%
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax																		9,800,000
Derivative Liability	(30,110,000)	(26,772,000)	(30,110,000)	(26,772,000)	(30,110,000)	(26,772,000)	(26,662,000)																									(18,831,000)	(22,746,000)	(6,650,000)			(11,279,000)	(3,916,000)	(20,122,000)
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net				7,800,000		7,800,000
Amortization of Deferred Hedge Gains												2,000,000	2,000,000	4,000,000	2,300,000	7,900,000	(2,000,000)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net																																																		0	0	0	(2,797,000)	0	(8,810,000)
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net																				$ 7,900,000															$ 0

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Consolidating Financial Information of Guarantors and Issuers (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended					6 Months Ended		12 Months Ended		6 Months Ended		12 Months Ended		6 Months Ended		12 Months Ended		6 Months Ended		12 Months Ended		6 Months Ended		12 Months Ended		6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Jun. 03, 2014 Senior Unsecured Notes [Member] Notes Payable Due 2024 [Domain]	Mar. 31, 2013 Senior Unsecured Notes [Member] Notes Payable Due 2021 [Member] [Domain]	Jun. 29, 2014 Senior Unsecured Notes [Member] Notes Payable Due 2021 and 2024 [Member]	Jun. 29, 2014 Cedar Fair L.P. (Parent) [Member]	Jun. 30, 2013 Cedar Fair L.P. (Parent) [Member]	Jun. 29, 2014 Cedar Fair L.P. (Parent) [Member]	Jun. 30, 2013 Cedar Fair L.P. (Parent) [Member]	Jun. 29, 2014 Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Jun. 30, 2013 Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Jun. 29, 2014 Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Jun. 30, 2013 Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Jun. 29, 2014 Co-Issuer Subsidiary (Cedar Canada) [Member]	Jun. 30, 2013 Co-Issuer Subsidiary (Cedar Canada) [Member]	Jun. 29, 2014 Co-Issuer Subsidiary (Cedar Canada) [Member]	Jun. 30, 2013 Co-Issuer Subsidiary (Cedar Canada) [Member]	Jun. 29, 2014 Guarantor Subsidiaries [Member]	Jun. 30, 2013 Guarantor Subsidiaries [Member]	Jun. 29, 2014 Guarantor Subsidiaries [Member]	Jun. 30, 2013 Guarantor Subsidiaries [Member]	Jun. 29, 2014 Eliminations [Member]	Jun. 30, 2013 Eliminations [Member]	Jun. 29, 2014 Eliminations [Member]	Jun. 30, 2013 Eliminations [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member] Cedar Fair L.P. (Parent) [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member] Cedar Fair L.P. (Parent) [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member] Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member] Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member] Co-Issuer Subsidiary (Cedar Canada) [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member] Co-Issuer Subsidiary (Cedar Canada) [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member] Guarantor Subsidiaries [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member] Guarantor Subsidiaries [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member] Eliminations [Member]	Jun. 30, 2013 Scenario, Previously Reported [Member] Eliminations [Member]	Jun. 30, 2013 Scenario, Adjustment [Member]	Jun. 30, 2013 Scenario, Adjustment [Member]	Jun. 30, 2013 Scenario, Adjustment [Member] Cedar Fair L.P. (Parent) [Member]	Jun. 30, 2013 Scenario, Adjustment [Member] Cedar Fair L.P. (Parent) [Member]	Jun. 30, 2013 Scenario, Adjustment [Member] Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Jun. 30, 2013 Scenario, Adjustment [Member] Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Jun. 30, 2013 Scenario, Adjustment [Member] Co-Issuer Subsidiary (Cedar Canada) [Member]	Jun. 30, 2013 Scenario, Adjustment [Member] Co-Issuer Subsidiary (Cedar Canada) [Member]	Jun. 30, 2013 Scenario, Adjustment [Member] Guarantor Subsidiaries [Member]	Jun. 30, 2013 Scenario, Adjustment [Member] Guarantor Subsidiaries [Member]	Jun. 30, 2013 Scenario, Adjustment [Member] Eliminations [Member]	Jun. 30, 2013 Scenario, Adjustment [Member] Eliminations [Member]	Jun. 30, 2013 Scenario, Actual [Member]	Jun. 30, 2013 Scenario, Actual [Member]	Jun. 30, 2013 Scenario, Actual [Member] Cedar Fair L.P. (Parent) [Member]	Jun. 30, 2013 Scenario, Actual [Member] Cedar Fair L.P. (Parent) [Member]	Jun. 30, 2013 Scenario, Actual [Member] Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Jun. 30, 2013 Scenario, Actual [Member] Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]	Jun. 30, 2013 Scenario, Actual [Member] Co-Issuer Subsidiary (Cedar Canada) [Member]	Jun. 30, 2013 Scenario, Actual [Member] Co-Issuer Subsidiary (Cedar Canada) [Member]	Jun. 30, 2013 Scenario, Actual [Member] Guarantor Subsidiaries [Member]	Jun. 30, 2013 Scenario, Actual [Member] Guarantor Subsidiaries [Member]	Jun. 30, 2013 Scenario, Actual [Member] Eliminations [Member]	Jun. 30, 2013 Scenario, Actual [Member] Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash from operating activities	$ 52,237	$ 82,556	$ 294,284	$ 302,706				$ 57,348	$ 34,874	$ 184,623	$ 190,494	$ (48,952)	$ (8,162)	$ (16,592)	$ (48,744)	$ (22,362)	$ (6,326)	$ (1,723)	$ 27,790	$ 76,734	$ 81,364	$ 133,985	$ 146,839	$ (10,531)	$ (19,194)	$ (6,009)	$ (13,673)	$ 82,556	$ 302,706	$ 4,808	$ 210,085	$ (30,371)	$ (47,009)	$ (4,856)	$ 29,440	$ 44,138	$ 140,865	$ 68,837	$ (30,675)													$ 82,556	$ 302,706	$ 34,874	$ 190,494	$ (8,162)	$ (48,744)	$ (6,326)	$ 27,790	$ 81,364	$ 146,839	$ (19,194)	$ (13,673)
Investment in Joint Venture																																								0	0	38,056	27,874	37,167	(30,140)	(18,274)	(15,735)	17,909	(12,174)	(74,858)	30,175
Net Cash Provided by (Used in) Investing Activities	(105,313)	(79,189)	(131,174)	(94,110)				(47,494)	(38,398)	(65,349)	(47,797)	7,432	13,869	37,586	42,406	(11,573)	(3,435)	(17,667)	(4,404)	(42,224)	(42,740)	(93,888)	(103,934)	(11,454)	(8,485)	8,144	19,619	(79,189)	(79,189)	(342)	(19,923)	37,167	(30,148)	(21,709)	(20,139)	(19,447)	(54,075)	(74,858)	30,175													(79,189)	(94,110)	(38,398)	(47,797)	13,869	42,406	(3,435)	(4,404)	(42,740)	(103,934)	(8,485)	19,619
INtercompany Receivable	0	0	0	0				0	0	0	0	7,625	13,869	37,779	(43,948)	0	0	0	0	3,829	(5,384)	(45,923)	(62,033)	(11,454)	(8,485)	8,144	105,981													0	0	0	0	0	0	0	0	19,317	18,148	(19,317)	(18,148)
Intercompany payable	0	0	0	0				(44,310)	7,990	60,253	47,465	38,101	1,089	(17,224)	15,543	2,631	(3,631)	3,130	(912)	(7,861)	(13,933)	(38,015)	43,885	11,439	8,485	(8,144)	(105,981)													0	0	(7,990)	(47,465)	(14,958)	28,405	3,631	912	0	0	19,317	18,148
Cash Dividend Paid to Parent																																								0	0	0	0	0	0	13,173	13,173	0	0	(13,173)	(13,173)
Payments of Distributions to Affiliates	(78,275)	(69,639)	(152,094)	(114,093)				(79,544)	(71,350)	(154,847)	(115,839)	0	1,711	0	1,746	0	(13,173)	0	(13,173)	0	0	0	0	1,269	13,173	2,753	13,173
Repayments of Related Party Debt				0							0				0				0				(86,362)				86,362														0		0		(86,362)		0		0		86,362
Investments in and Advances to Affiliates, at Fair Value, Period Increase (Decrease)																																								0	0	(38,056)	(27,874)	(37,167)	30,140	18,274	15,735	(17,909)	12,174	74,858	(30,175)
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties				0							0				86,362				0				0				(86,362)														0		0		86,362		0		0		(86,362)
Intercompany Receivable Investing																																								0	0	0	0	13,869	(43,948)	0	0	(5,384)	(62,033)	(8,485)	105,981
Debt Instrument, Interest Rate, Stated Percentage					5.375%	5.25%
Subsidiary ownership percentage guaranteeing notes							100.00%
Subsidiary guarantor ownership percentage							100.00%
Net Cash Provided by (Used in) Financing Activities	(25,943)	(37,180)	(166,813)	(199,952)				(84,854)	(21,476)	(119,274)	(142,697)	37,376	(6,151)	(20,994)	6,338	16,688	(17,278)	16,861	(14,670)	(7,861)	(13,933)	(38,015)	(42,477)	12,708	21,658	(5,391)	(6,446)	(37,180)	(199,952)	(29,466)	(190,162)	(7,240)	77,157	(474)	(585)	0	(86,362)	0	0													(37,180)	(199,952)	(21,476)	(142,697)	(6,151)	6,338	(17,278)	(14,670)	(13,933)	(42,477)	21,658	(6,446)
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries																																								0	0	0	0	0	0	(13,173)	(13,173)	0	0	13,173	13,173
Intercompany Activity, Net, Financing Activities																																								$ 0	$ 0	$ 7,990	$ 47,465	$ 1,089	$ 15,543	$ (3,631)	$ (912)	$ (13,933)	$ 43,885	$ 8,485	$ (105,981)

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Unaudited Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Dec. 31, 2013	Jun. 30, 2013
Current Assets:
Cash and cash equivalents	$ 40,134	$ 118,056	$ 43,628
Receivables	66,561	21,333	67,199
Inventories	45,571	26,080	45,452
Current deferred tax asset	22,900	9,675	28,302
Income tax refundable	19,697	2,228	16,614
Other current assets	11,701	9,125	17,274
Total current assets	206,564	186,497	218,469
Property and Equipment:
Land	283,118	283,313	296,793
Land improvements	371,038	350,869	350,638
Buildings	600,335	584,659	584,545
Rides and equipment	1,567,581	1,494,112	1,506,553
Construction in progress	34,166	44,550	9,498
Total property and equipment, gross	2,856,238	2,757,503	2,748,027
Less accumulated depreciation	(1,299,074)	(1,251,740)	(1,197,126)
Total property and equipment, net	1,557,164	1,505,763	1,550,901
Goodwill	237,650	238,089	239,480
Other Intangibes, net	39,509	39,471	39,719
Other Assets	44,909	44,807	32,326
Assets	2,085,796	2,014,627	2,080,895
Current Liabilities:
Current maturities of long-term debt	3,025	0	6,300
Accounts payable	37,503	13,222	34,339
Deferred revenue	133,797	44,521	132,365
Accrued interest	12,516	23,201	23,944
Accrued taxes	7,253	19,481	10,021
Accrued salaries, wages and benefits	35,640	29,200	29,896
Self-insurance reserves	23,659	23,653	24,592
Other accrued liabilities	9,405	5,521	8,789
Total current liabilities	262,798	158,799	270,246
Deferred Tax Liability	157,046	158,113	154,292
Derivative Liability	30,110	26,662	26,772
Other Liabilities	7,402	11,290	8,796
Long-Term Debt:
Long-term Line of Credit, Noncurrent	39,000	0	58,000
Term debt	615,825	618,850	622,125
Notes	950,000	901,782	901,431
Total long-term debt	1,604,825	1,520,632	1,581,556
Commitments and Contingencies
Partners' Equity:
Special L.P. interests	5,290	5,290	5,290
General partner	2	2	0
Limited partners, 55,859, 55,716 and 55,713 units outstanding at June 29, 2014, December 31, 2013 and June 30, 2013, respectively	36,918	148,847	49,986
Accumulated other comprehensive loss	(18,595)	(15,008)	(16,043)
Total partners' equity	23,615	139,131	39,233
Total Partners' Equity and Liabilities	$ 2,085,796	$ 2,014,627	$ 2,080,895

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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	6 Months Ended	12 Months Ended
	Jun. 29, 2014	Jun. 29, 2014	Jun. 29, 2014
Foreign currency translation adjustment, tax	$ 1,334	$ 402	$ (94)
Unrealized loss on cash flow hedging derivatives, tax		$ 501
Partnership distribution declared, amount per limited partnership unit	$ 1.40	$ 1.40	$ 1.40

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Fair Value Measurements (Details) (USD $)				3 Months Ended	9 Months Ended
	Jun. 29, 2014	Dec. 31, 2013	Jun. 30, 2013	Sep. 30, 2012 Wildwater Kingdom [Member]	Sep. 30, 2012 Wildwater Kingdom [Member]	Sep. 30, 2012 Total [Member] Fair Value, Measurements, Nonrecurring [Member]	Jun. 29, 2014 Total [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Total [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2013 Total [Member] Fair Value, Measurements, Recurring [Member]	Jun. 29, 2014 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2013 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Jun. 29, 2014 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2013 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Jun. 29, 2014 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2013 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Jun. 29, 2014 Designated As Hedging [Member]	Dec. 31, 2013 Designated As Hedging [Member]	Jun. 30, 2013 Designated As Hedging [Member]	Jun. 29, 2014 Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 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]		Jun. 30, 2013 Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Jun. 29, 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]		Jun. 30, 2013 Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Jun. 29, 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]		Jun. 30, 2013 Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Jun. 29, 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]		Jun. 30, 2013 Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Jun. 29, 2014 Not Designated As Hedging [Member]	Dec. 31, 2013 Not Designated As Hedging [Member]	Jun. 30, 2013 Not Designated As Hedging [Member]	Jun. 29, 2014 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 30, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Jun. 29, 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]		Jun. 30, 2013 Not Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Jun. 29, 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]		Jun. 30, 2013 Not Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Jun. 29, 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]		Jun. 30, 2013 Not Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Jun. 29, 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]		Jun. 30, 2013 Not Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Jun. 29, 2014 Senior Unsecured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ (30,110,000)	$ (26,662,000)	$ (26,772,000)																			$ (11,279,000)	$ (3,916,000)	$ (20,122,000)	$ (11,279,000)	[1]	$ (3,916,000)	[1]	$ (20,122,000)	[1]	$ 0	$ 0	[1]	$ 0	[1]	$ (11,279,000)	$ (3,916,000)	[1]	$ (20,122,000)	[1]	$ 0	$ 0	[1]	$ 0	[1]				$ (18,831,000)	$ (22,746,000)	$ (6,650,000)	$ (18,831,000)	[2]	$ (22,746,000)	[2]	$ (6,650,000)	[2]	$ 0	[2]	$ 0	[2]	$ 0	[2]	$ (18,831,000)	[2]	$ (22,746,000)	[2]	$ (6,650,000)	[2]	$ 0	[2]	$ 0	[2]	$ 0	[2]
Net derivative liability	(30,110,000)	(26,662,000)	(26,772,000)				(30,110,000)	(26,662,000)	(26,772,000)	0	0	0	(30,110,000)	(26,662,000)	(26,772,000)	0	0	0	(11,279,000)	(3,916,000)	(20,122,000)																									(18,831,000)	(22,746,000)	(6,650,000)
Increase in net derivative liability	800,000
Fixed assets, fair value						19,800,000
Fixed-asset impairment				25,000,000	25,000,000
Fair value of term debt	621,900,000
Fair value of notes																																																																												$ 969,400,000

[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)

6 Months Ended

Jun. 29, 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
		June 29, 2014			December 31, 2013			June 30, 2013
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(11,279	)	$	(3,916	)	$	(20,122	)
Total derivatives designated as hedging instruments		$	(11,279	)	$	(3,916	)	$	(20,122	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(18,831	)	$	(22,746	)	$	(6,650	)
Total derivatives not designated as hedging instruments		$	(18,831	)	$	(22,746	)	$	(6,650	)
Net derivative liability		$	(30,110	)	$	(26,662	)	$	(26,772	)

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

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended June 29, 2014 and June 30, 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

6/29/14

6/30/13

6/29/14

6/30/13

6/29/14

6/30/13

Interest rate swaps

$

(4,622

)

$

—

Interest Expense

$

—

$

—

Net effect of swaps

$

—

$

3,268

(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
		6/29/14		6/30/13
Interest rate swaps	Net effect of swaps	$	2,301	$	992
		$	2,301	$	992

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the twelve-month periods ended June 29, 2014 and June 30, 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
	6/29/14			6/30/13			6/29/14		6/30/13				6/29/14		6/30/13
Interest rate swaps	$	(11,280	)	$	5,152	Interest Expense	$	—	$	(8,810	)	Net effect of swaps	$	—	$	3,703

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Twelve months ended		Twelve months ended
		6/29/14		6/30/13
Interest rate swaps	Net effect of swaps	$	7,944	$	(479	)
		$	7,944	$	(479	)

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 as of June 29, 2014.

	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		6 Months Ended		12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Basic weighted average units outstanding	55,419	55,484	55,453	55,464	55,470	55,446
Effect of dilutive units:
Unit options and restricted unit awards	325	152	0	0	253	84
Phantom units	80	186	0	0	144	261
Diluted weighted average units outstanding	55,824	55,822	55,453	55,464	55,867	55,791
Net income (loss) per limited partner unit - basic	$ 0.79	$ 0.85	$ (0.71)	$ (1.11)	$ 2.35	$ 1.24
Net income (loss) per limited partner unit - diluted	$ 0.79	$ 0.85	$ (0.71)	$ (1.11)	$ 2.33	$ 1.24

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Earnings per Unit (Tables)

6 Months Ended

Jun. 29, 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				Six months ended						Twelve months ended
	6/29/2014		6/30/2013		6/29/2014			6/30/2013			6/29/2014		6/30/2013
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,419		55,484		55,453			55,464			55,470		55,446
Effect of dilutive units:
Unit options and restricted unit awards	325		152		—			—			253		84
Phantom units	80		186		—			—			144		261
Diluted weighted average units outstanding	55,824		55,822		55,453			55,464			55,867		55,791
Net income per unit - basic	$	0.79	$	0.85	$	(0.71	)	$	(1.11	)	$	2.35	$	1.24
Net income per unit - diluted	$	0.79	$	0.85	$	(0.71	)	$	(1.11	)	$	2.33	$	1.24

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Unaudited Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES
Net income (loss)	$ (39,638)	$ (61,736)	$ 130,302	$ 68,952
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	51,281	50,818	122,950	125,136
Loss on early debt extinguishment	29,273	34,573	29,273	34,573
Loss on impairment / retirement of fixed assets, net	1,212	629	3,122	31,735
Gain on sale of other assets	(921)	0	(9,664)	(6,625)
Net effect of swaps	56	6,938	1	6,589
Non-cash (income) expense	9,696	30,591	22,239	26,932
Net change in working capital	18,046	41,511	(8,074)	11,693
Net change in other assets/liabilities	(16,768)	(20,768)	4,135	3,721
Net cash from operating activities	52,237	82,556	294,284	302,706
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Proceeds from Sales of Assets, Investing Activities	1,377	0	16,674	14,885
Capital expenditures	(106,690)	(79,189)	(147,848)	(108,995)
Net cash for investing activities	(105,313)	(79,189)	(131,174)	(94,110)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Proceeds from (Repayments of) Other Long-term Debt	39,000	58,000	(19,000)	(53,000)
Term debt borrowings	0	630,000	0	630,000
Note borrowings	450,000	500,000	450,000	500,000
Term debt payments, including early termination penalties	0	(1,132,675)	(9,575)	(1,141,675)
Repayments of Notes Payable	(426,148)	0	(426,148)	0
Payments of Distributions to Affiliates	(78,275)	(69,639)	(152,094)	(114,093)
Exercise of limited partnership unit options	0	28	24	57
Payment of debt issuance costs	(9,795)	(22,764)	(10,280)	(22,758)
Excess tax benefit from unit-based compensation	(725)	(130)	260	1,517
Net cash for financing activities	(25,943)	(37,180)	(166,813)	(199,952)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	1,097	(1,389)	209	(945)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(77,922)	(35,202)	(3,494)	7,699
Balance, beginning of period	118,056	78,830	43,628	35,929
Balance, end of period	40,134	43,628	40,134	43,628
SUPPLEMENTAL INFORMATION
Cash payments for interest expense	61,550	40,734	111,650	90,000
Interest capitalized	772	1,021	1,361	1,365
Cash payments for income taxes, net of refunds	$ 3,319	$ 4,426	$ 13,715	$ 4,005

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Unaudited Condensed Consolidated Balance Sheets (Parenthetical) In Thousands, unless otherwise specified	Jun. 29, 2014	Dec. 31, 2013	Jun. 30, 2013
Limited partners, units outstanding	55,859	55,713	55,716

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Income and Partnership Taxes

6 Months Ended

Jun. 29, 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 second 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	6 Months Ended
	Jun. 29, 2014	Aug. 01, 2014
DEI [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 29, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
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		55,859,519

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Contingencies

6 Months Ended

Jun. 29, 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		6 Months Ended		12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Net revenues:
Admissions	$ 206,958	$ 202,536	$ 226,025	$ 222,559	$ 650,473	$ 621,092
Food, merchandise and games	121,601	119,840	137,987	136,532	357,560	344,879
Accommodations and other	34,455	39,244	39,468	44,328	126,600	120,098
Total net revenues	363,014	361,620	403,480	403,419	1,134,633	1,086,069
Costs and expenses:
Cost of food, merchandise and games	31,090	31,053	36,075	36,090	91,757	94,565
Operating expenses	147,192	141,284	227,542	217,941	481,945	451,823
Selling, general and administrative	46,617	45,767	68,021	66,806	153,627	142,622
Depreciation and amortization	46,974	46,032	51,281	50,818	122,950	125,136
Gain on sale of other assets	(921)	0	(921)	0	(9,664)	(6,625)
Loss on impairment / retirement of fixed assets, net	215	29	1,212	629	3,122	31,735
Total costs and expenses	271,167	264,165	383,210	372,284	843,737	839,256
Operating income	91,847	97,455	20,270	31,135	290,896	246,813
Interest expense	27,907	25,861	52,639	51,624	104,086	105,204
Net effect of swaps	(315)	(2,273)	56	6,938	1	6,589
Loss on early debt extinguishment	29,273	0	29,273	34,573	29,273	34,573
Unrealized/realized foreign currency (gain) loss	(16,102)	14,886	1,082	23,844	6,179	13,737
Other income	(6)	(69)	(79)	(109)	(124)	(159)
Income (loss) before taxes	51,090	59,050	(62,701)	(85,735)	151,481	86,869
Provision (benefit) for taxes	7,188	11,660	(23,063)	(23,999)	21,179	17,917
Net income (loss)	43,902	47,390	(39,638)	(61,736)	130,302	68,952
Net income (loss) allocated to general partner	1	0	0	(1)	2	0
Net income (loss) allocated to limited partners	43,901	47,390	(39,638)	(61,735)	130,300	68,952
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,317)	1,592	(696)	1,893	167	2,950
Unrealized income (loss) on cash flow hedging derivatives	(2,241)	1,679	(2,891)	10,564	(2,719)	12,735
Other comprehensive income (loss), (net of tax)	(4,558)	3,271	(3,587)	12,457	(2,552)	15,685
Total comprehensive income (loss)	$ 39,344	$ 50,661	$ (43,225)	$ (49,279)	$ 127,750	$ 84,637
Basic earnings per limited partner unit:
Weighted average limited partner units outstanding	55,419	55,484	55,453	55,464	55,470	55,446
Net income (loss) per limited partner unit	$ 0.79	$ 0.85	$ (0.71)	$ (1.11)	$ 2.35	$ 1.24
Diluted earnings per limited partner unit:
Weighted average limited partner units outstanding	55,824	55,822	55,453	55,464	55,867	55,791
Net income (loss) per limited partner unit	$ 0.79	$ 0.85	$ (0.71)	$ (1.11)	$ 2.33	$ 1.24

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Goodwill and Other Intangible Assets

6 Months Ended

Jun. 29, 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 June 29, 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 six months ended June 29, 2014 and June 30, 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	(6,741		)	—			(6,741		)
Balance at June 30, 2013	$	319,348		$	(79,868	)	$	239,480
Balance at December 31, 2013	$	317,957		$	(79,868	)	$	238,089
Foreign currency translation	(439		)	—			(439		)
Balance at June 29, 2014	$	317,518		$	(79,868	)	$	237,650

At June 29, 2014, December 31, 2013, and June 30, 2013 the Partnership’s other intangible assets consisted of the following:

June 29, 2014	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	39,008	$	—	$	39,008
License / franchise agreements	900		399		501
Total other intangible assets	$	39,908	$	399	$	39,509
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
June 30, 2013
(In thousands)
Other intangible assets:
Trade names	$	39,267	$	—	$	39,267
License / franchise agreements	831		379		452
Total other intangible assets	$	40,098	$	379	$	39,719

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

6 Months Ended

Jun. 29, 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)

6 Months Ended

Jun. 29, 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 June 29, 2014, December 31, 2013, and June 30, 2013 on a recurring basis:

	Total			Level 1		Level 2			Level 3
June 29, 2014
(In thousands)
Interest rate swap agreements (1)	$	(11,279	)	$	—	$	(11,279	)	$	—
Interest rate swap agreements (2)	(18,831		)	—		(18,831		)	—
Net derivative liability	$	(30,110	)	$	—	$	(30,110	)	$	—
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	)	$	—
June 30, 2013
Interest rate swap agreements (1)	$	(20,122	)	$	—	$	(20,122	)	$	—
Interest rate swap agreements (2)	$	(6,650	)	$	—	$	(6,650	)	$	—
Net derivative liability	$	(26,772	)	$	—	$	(26,772	)	$	—

(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

6 Months Ended

Jun. 29, 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-, six-, and twelve-month periods ended June 29, 2014 and June 30, 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 March 30, 2014		$	(15,663	)	$	1,626		$	(14,037	)
Other comprehensive income before reclassifications, net of tax $702 and $1,334, respectively		(3,920		)	(2,317		)	(6,237		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($307) (2)		1,679			—			1,679
Net other comprehensive income		(2,241		)	(2,317		)	(4,558		)
June 29, 2014		$	(17,904	)	$	(691	)	$	(18,595	)

(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 ($915)		—			1,592			1,592
Amounts reclassified from accumulated other comprehensive income, net of tax ($307) (2)		1,679			—			1,679
Net other comprehensive income		1,679			1,592			3,271
June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)

(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, 2013		$	(15,013	)	$	5		$	(15,008	)
Other comprehensive income before reclassifications, net of tax $1,115 and $402, respectively		(6,248		)	(696		)	(6,944		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($614) (2)		3,357			—			3,357
Net other comprehensive income		(2,891		)	(696		)	(3,587		)
June 29, 2014		$	(17,904	)	$	(691	)	$	(18,595	)

(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 ($1,089), respectively		1,940			1,893			3,833
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,536) (2)		8,624			—			8,624
Net other comprehensive income		10,564			1,893			12,457
June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)

(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 June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)
Other comprehensive income before reclassifications, net of tax $1,846 and ($94), respectively		(9,434		)	167			(9,267		)
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,228) (2)		6,715			—			6,715
Net other comprehensive income		(2,719		)	167			(2,552		)
June 29, 2014		$	(17,904	)	$	(691	)	$	(18,595	)

(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 July 1, 2012		$	(27,920	)	$	(3,808	)	$	(31,728	)
Other comprehensive income before reclassifications, net of tax ($745) and ($1,697), respectively		4,405			2,950			7,355
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,482) (2)		8,330			—			8,330
Net other comprehensive income		12,735			2,950			15,685
June 30, 2013		$	(15,185	)	$	(858	)	$	(16,043	)

(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 6/29/14			3 months ended 6/30/13			6 months ended 6/29/14			6 months ended 6/30/13			12 months ended 6/29/14			12 months ended 6/30/13
Interest rate contracts	$	1,986		$	1,986		$	3,971		$	10,160		$	7,943		$	9,811		Net effect of swaps
	$	1,986		$	1,986		$	3,971		$	10,160		$	7,943		$	9,811		Total before tax
	(307		)	(307		)	(614		)	(1,536		)	(1,228		)	(1,482		)	Benefit for taxes
	$	1,679		$	1,679		$	3,357		$	8,624		$	6,715		$	8,329		Net of tax

(1) Amounts in parentheses indicate debits.

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Fair Value Measurements

6 Months Ended

Jun. 29, 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 June 29, 2014, December 31, 2013, and June 30, 2013 on a recurring basis:

	Total			Level 1		Level 2			Level 3
June 29, 2014
(In thousands)
Interest rate swap agreements (1)	$	(11,279	)	$	—	$	(11,279	)	$	—
Interest rate swap agreements (2)	(18,831		)	—		(18,831		)	—
Net derivative liability	$	(30,110	)	$	—	$	(30,110	)	$	—
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	)	$	—
June 30, 2013
Interest rate swap agreements (1)	$	(20,122	)	$	—	$	(20,122	)	$	—
Interest rate swap agreements (2)	$	(6,650	)	$	—	$	(6,650	)	$	—
Net derivative liability	$	(26,772	)	$	—	$	(26,772	)	$	—

(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 $0.8 million as of June 29, 2014.

The carrying value of cash and cash equivalents, revolver, 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 June 29, 2014, December 31, 2013, or June 30, 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 June 29, 2014 was approximately $621.9 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 June 29, 2014 was approximately $969.4 million based on public trading levels as of that date. The fair value of the term debt and June 2014 notes were based on Level 2 inputs and the March 2013 notes were based on Level 1 inputs.

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Long-Term Debt

6 Months Ended

Jun. 29, 2014

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt:

In June of 2014, the Partnership issued $450 million of 5.375% senior unsecured notes ("June 2014 notes") , maturing in 2024, in a private placement. The net proceeds from the offering of the June 2014 notes were used to redeem in full all of the Partnership’s $405 million of 9.125% senior unsecured notes that were scheduled to mature in 2018 (and which included $5.6 million of Original Issue Discount ("OID") to yield 9.375%), to satisfy and discharge the indenture governing the notes that were redeemed and for general corporate purposes.

The Partnership's June 2014 notes pay interest semi-annually in June and December, with the principal due in full on June 1, 2024. The notes may be redeemed, in whole or in part, at any time prior to June 1, 2019 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 June 1, 2017, up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at a price equal to 105.375% together with accrued and unpaid interest.

In March 2013, the Partnership issued $500 million of 5.25% senior unsecured notes ("March 2013 notes"), maturing in 2021, in a private placement. 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 ("London InterBank Offering Rate") 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 decreased to 6.00x consolidated total debt (excluding the revolving debt)-to-Consolidated EBITDA at the end of the second quarter in 2014, and the ratio will decrease by 0.25x each second quarter until it reaches 5.25x. As of June 29, 2014, the Partnership’s Consolidated Leverage Ratio was 3.76x. The Partnership was in compliance with all other covenants under the 2013 Credit Agreement as of June 29, 2014.

The Partnership is allowed to make Restricted Payments, as defined in the 2013 Credit Agreement, 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 indentures governing the Partnership's June 2014 and March 2013 notes, we can make Restricted Payments of $60 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 2014 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 5.00x.

The Partnership's March 2013 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 a price equal to 105.25% together with accrued and unpaid interest.

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

6 Months Ended

Jun. 29, 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 June 29, 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
		June 29, 2014			December 31, 2013			June 30, 2013
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(11,279	)	$	(3,916	)	$	(20,122	)
Total derivatives designated as hedging instruments		$	(11,279	)	$	(3,916	)	$	(20,122	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(18,831	)	$	(22,746	)	$	(6,650	)
Total derivatives not designated as hedging instruments		$	(18,831	)	$	(22,746	)	$	(6,650	)
Net derivative liability		$	(30,110	)	$	(26,662	)	$	(26,772	)

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 June 29, 2014 we have no amounts that are forecasted to be reclassified into earnings in the next twelve months. As of June 30, 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 June 29, 2014, approximately $9.8 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 June 30, 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 as of June 29, 2014.

	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 June 29, 2014 and June 30, 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

6/29/14

6/30/13

6/29/14

6/30/13

6/29/14

6/30/13

Interest rate swaps

$

(4,622

)

$

—

Interest Expense

$

—

$

—

Net effect of swaps

$

—

$

3,268

(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
		6/29/14		6/30/13
Interest rate swaps	Net effect of swaps	$	2,301	$	992
		$	2,301	$	992

During the quarter ended June 29, 2014, in addition to gains of $2.3 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 benefit to earnings of $0.3 million recorded in “Net effect of swaps.”

For the three-month period ended June 30, 2013, in addition to the $3.3 million gain recognized in income on the ineffective portion of derivatives and $1.0 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 amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations. The effect of these amounts resulted in a benefit to earnings of $2.3 million recorded in “Net effect of swaps.”

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the six-month periods ended June 29, 2014 and June 30, 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	Six months ended			Six months ended			Six months ended		Six months ended				Six months ended		Six months ended
	6/29/14			6/30/13			6/29/14		6/30/13				6/29/14		6/30/13
Interest rate swaps	$	(7,364	)	$	2,266	Interest Expense	$	—	$	(2,797	)	Net effect of swaps	$	—	$	3,703

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Six months ended		Six months ended
		6/29/14		6/30/13
Interest rate swaps	Net effect of swaps	$	3,918	$	(479	)
		$	3,918	$	(479	)

During the six-month period ended ended June 29, 2014, in addition to gains of $3.9 million recognized in income on the derivatives not designated as cash flow hedges (as noted in the tables above), $4.0 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 $0.1 million recorded in “Net effect of swaps.”

For the six-month period ended June 30, 2013, in addition to the $3.7 million gain recognized in income on the ineffective portion of derivatives and $0.5 million loss 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 $2.3 million 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 $6.9 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 June 29, 2014 and June 30, 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
	6/29/14			6/30/13			6/29/14		6/30/13				6/29/14		6/30/13
Interest rate swaps	$	(11,280	)	$	5,152	Interest Expense	$	—	$	(8,810	)	Net effect of swaps	$	—	$	3,703

(In thousands)	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Twelve months ended		Twelve months ended
		6/29/14		6/30/13
Interest rate swaps	Net effect of swaps	$	7,944	$	(479	)
		$	7,944	$	(479	)

In addition to the $7.9 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 June 29, 2014 in the condensed consolidated statements of operations.

For the twelve-month period ending June 30, 2013, in addition to the $3.7 million gain recognized in income on the ineffective portion of designated derivatives and $0.5 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 $2.0 million of expense representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended June 30, 2013 in the condensed consolidated statements of operations. The net effect of these amounts resulted in expense for the trailing twelve month period of $6.6 million recorded in “Net effect of swaps.”

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Earnings per Unit

6 Months Ended

Jun. 29, 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				Six months ended						Twelve months ended
	6/29/2014		6/30/2013		6/29/2014			6/30/2013			6/29/2014		6/30/2013
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,419		55,484		55,453			55,464			55,470		55,446
Effect of dilutive units:
Unit options and restricted unit awards	325		152		—			—			253		84
Phantom units	80		186		—			—			144		261
Diluted weighted average units outstanding	55,824		55,822		55,453			55,464			55,867		55,791
Net income per unit - basic	$	0.79	$	0.85	$	(0.71	)	$	(1.11	)	$	2.35	$	1.24
Net income per unit - diluted	$	0.79	$	0.85	$	(0.71	)	$	(1.11	)	$	2.33	$	1.24

The effect of out-of-the-money and/or antidilutive unit options on the three, six and twelve months ended June 29, 2014 and June 30, 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		6 Months Ended		12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 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	(315,000)	(2,273,000)	56,000	6,938,000	1,000	6,589,000
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amortization of Deferred Hedge Gains	(2,000,000)	(2,000,000)	(4,000,000)	(2,300,000)	(7,900,000)	2,000,000
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	(4,622,000)	0	(7,364,000)	2,266,000	(11,280,000)	5,152,000
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	0	0	(2,797,000)	0	(8,810,000)
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	3,268,000	0	3,703,000	0	3,703,000
Not Designated As Hedging [Member] | Net Effect of Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivative recognized in income	(2,301,000)	(992,000)	(3,918,000)	479,000	(7,944,000)	479,000
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	$ (2,301,000)	$ (992,000)		$ 479,000	$ (7,944,000)	$ 479,000

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Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 29, 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 six months ended June 29, 2014 and June 30, 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	(6,741		)	—			(6,741		)
Balance at June 30, 2013	$	319,348		$	(79,868	)	$	239,480
Balance at December 31, 2013	$	317,957		$	(79,868	)	$	238,089
Foreign currency translation	(439		)	—			(439		)
Balance at June 29, 2014	$	317,518		$	(79,868	)	$	237,650

Partnership's other intangible assets

At June 29, 2014, December 31, 2013, and June 30, 2013 the Partnership’s other intangible assets consisted of the following:

June 29, 2014	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	39,008	$	—	$	39,008
License / franchise agreements	900		399		501
Total other intangible assets	$	39,908	$	399	$	39,509
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
June 30, 2013
(In thousands)
Other intangible assets:
Trade names	$	39,267	$	—	$	39,267
License / franchise agreements	831		379		452
Total other intangible assets	$	40,098	$	379	$	39,719

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Consolidating Financial Information of Guarantors and Issuers (Tables)

6 Months Ended

Jun. 29, 2014

Condensed Consolidating Financial Information [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

Condensed Consolidating Statements of Cash Flows
For the Six Month Period Ended June 30, 2013
(In thousands)	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
As reported - Net cash from (for) operating activities	$	4,808		$	(30,371	)	$	(4,856	)	$	44,138		$	68,837		$	82,556
Investment in joint ventures and affiliates	38,056			37,167			(18,274		)	17,909			(74,858		)	—
Intercompany receivables (payments) receipts	—			—			—			19,317			(19,317		)	—
Intercompany payables (payments) receipts	(7,990		)	(14,958		)	3,631			—			19,317			—
Dividends paid	—			—			13,173			—			(13,173		)	—
As corrected - Net cash from (for) operating activities	$	34,874		$	(8,162	)	$	(6,326	)	$	81,364		$	(19,194	)	$	82,556
As reported - Net cash from (for) investing activities	$	(342	)	$	37,167		$	(21,709	)	$	(19,447	)	$	(74,858	)	$	(79,189	)
Investment in joint ventures and affiliates	(38,056		)	(37,167		)	18,274			(17,909		)	74,858			—
Intercompany receivables (payments) receipts	—			13,869			—			(5,384		)	(8,485		)	—
As corrected - Net cash from (for) investing activities	$	(38,398	)	$	13,869		$	(3,435	)	$	(42,740	)	$	(8,485	)	$	(79,189	)
As reported - Net cash from (for) financing activities	$	(29,466	)	$	(7,240	)	$	(474	)	$	—		$	—		$	(37,180	)
Dividends paid	—			—			(13,173		)	—			13,173			—
Intercompany payables (payments) receipts	7,990			1,089			(3,631		)	(13,933		)	8,485			—
As corrected - Net cash from (for) financing activities	$	(21,476	)	$	(6,151	)	$	(17,278	)	$	(13,933	)	$	21,658		$	(37,180	)

Condensed Consolidating Statements of Cash Flows
For the Twelve Month Period Ended June 30, 2013
(In thousands)	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
As reported - Net cash from (for) operating activities	$	210,085		$	(47,009	)	$	29,440		$	140,865		$	(30,675	)	$	302,706
Investment in joint ventures and affiliates	27,874			(30,140		)	(15,735		)	(12,174		)	30,175			—
Intercompany receivables (payments) receipts	—			—			—			18,148			(18,148		)	—
Intercompany payables (payments) receipts	(47,465		)	28,405			912			—			18,148			—
Dividends paid	—			—			13,173			—			(13,173		)	—
As corrected - Net cash from (for) operating activities	$	190,494		$	(48,744	)	$	27,790		$	146,839		$	(13,673	)	$	302,706
As reported - Net cash from (for) investing activities	$	(19,923	)	$	(30,148	)	$	(20,139	)	$	(54,075	)	$	30,175		$	(79,189	)
Investment in joint ventures and affiliates	(27,874		)	30,140			15,735			12,174			(30,175		)	—
Intercompany term debt receipts	—			86,362			—			—			(86,362		)	—
Intercompany receivables (payments) receipts	—			(43,948		)	—			(62,033		)	105,981			—
As corrected - Net cash from (for) investing activities	$	(47,797	)	$	42,406		$	(4,404	)	$	(103,934	)	$	19,619		$	(94,110	)
As reported - Net cash from (for) financing activities	$	(190,162	)	$	77,157		$	(585	)	$	(86,362	)	$	—		$	(199,952	)
Dividends paid	—			—			(13,173		)	—			13,173			—
Intercompany term debt receipts	—			(86,362		)	—			—			86,362			—
Intercompany payables (payments) receipts	47,465			15,543			(912		)	43,885			(105,981		)	—
As corrected - Net cash from (for) financing activities	$	(142,697	)	$	6,338		$	(14,670	)	$	(42,477	)	$	(6,446	)	$	(199,952	)

Condensed Consolidating Balance Sheet

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

June 29, 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	$	—	$	—	$	19,425	$	29,986	$	(9,277	)	$	40,134
Receivables	59		104,035		93,286		571,632		(702,451		)	66,561
Inventories	—		5,732		4,091		35,748		—			45,571
Current deferred tax asset	—		18,655		800		3,445		—			22,900
Other current assets	691		14,115		5,974		13,500		(2,882		)	31,398
	750		142,537		123,576		654,311		(714,610		)	206,564
Property and Equipment (net)	471,252		8,206		247,632		830,074		—			1,557,164
Investment in Park	466,213		767,266		149,180		32,308		(1,414,967		)	—
Goodwill	9,061		—		117,371		111,218		—			237,650
Other Intangibles, net	—		—		16,639		22,870		—			39,509
Deferred Tax Asset	—		32,025		—		117		(32,142		)	—
Other Assets	11,680		21,649		9,276		2,304		—			44,909
	$	958,956	$	971,683	$	663,674	$	1,653,202	$	(2,161,719	)	$	2,085,796
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	1,724	$	1,231	$	70	$	—	$	—		$	3,025
Accounts payable	218,225		233,203		15,070		282,733		(711,728		)	37,503
Deferred revenue	—		636		15,824		117,337		—			133,797
Accrued interest	6,422		4,251		1,843		—		—			12,516
Accrued taxes	6,054		1,196		—		2,885		(2,882		)	7,253
Accrued salaries, wages and benefits	—		23,850		2,303		9,487		—			35,640
Self-insurance reserves	—		5,534		1,772		16,353		—			23,659
Other accrued liabilities	376		5,554		1,095		2,380		—			9,405
	232,801		275,455		37,977		431,175		(714,610		)	262,798
Deferred Tax Liability	—		—		57,540		131,648		(32,142		)	157,046
Derivative Liability	17,700		12,410		—		—		—			30,110
Other Liabilities	—		4,039		—		3,363		—			7,402
Long-Term Debt:
Revolving credit loans	39,000		—		—		—		—			39,000
Term debt	350,943		250,730		14,152		—		—			615,825
Notes	294,897		205,103		450,000		—		—			950,000
	684,840		455,833		464,152		—		—			1,604,825
Equity	23,615		223,946		104,005		1,087,016		(1,414,967		)	23,615
	$	958,956	$	971,683	$	663,674	$	1,653,202	$	(2,161,719	)	$	2,085,796

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

June 30, 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	$	—	$	—	$	21,745	$	27,904	$	(6,021	)	$	43,628
Receivables	250		86,025		80,435		517,925		(617,436		)	67,199
Inventories	—		4,639		4,182		36,631		—			45,452
Current deferred tax asset	—		23,822		816		3,664		—			28,302
Other current assets	620		11,440		2,066		19,762		—			33,888
	870		125,926		109,244		605,886		(623,457		)	218,469
Property and Equipment (net)	463,783		994		250,249		835,875		—			1,550,901
Investment in Park	447,080		735,017		129,942		38,992		(1,351,031		)	—
Goodwill	9,061		—		119,201		111,218		—			239,480
Other Intangibles, net	—		—		16,880		22,839		—			39,719
Deferred Tax Asset	—		34,028		—		90		(34,118		)	—
Other Assets	13,605		9,382		7,112		2,227		—			32,326
	$	934,399	$	905,347	$	632,628	$	1,617,127	$	(2,008,606	)	$	2,080,895
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	3,590	$	2,565	$	145	$	—	$	—		$	6,300
Accounts payable	155,522		208,924		7,971		285,379		(623,457		)	34,339
Deferred revenue	—		—		18,719		113,646		—			132,365
Accrued interest	5,189		3,563		15,192		—		—			23,944
Accrued taxes	6,534		458		181		2,848		—			10,021
Accrued salaries, wages and benefits	1		18,642		2,153		9,100		—			29,896
Self-insurance reserves	—		5,535		1,727		17,330		—			24,592
Other accrued liabilities	860		4,421		715		2,793		—			8,789
	171,696		244,108		46,803		431,096		(623,457		)	270,246
Deferred Tax Liability	—		—		61,544		126,866		(34,118		)	154,292
Derivative Liability	16,039		10,733		—		—		—			26,772
Other Liabilities	—		5,296		—		3,500		—			8,796
Long-Term Debt:
Revolving credit loans	58,000		—		—		—		—			58,000
Term debt	354,534		253,294		14,297		—		—			622,125
Notes	294,897		205,103		401,431		—		—			901,431
	707,431		458,397		415,728		—		—			1,581,556
Equity	39,233		186,813		108,553		1,055,665		(1,351,031		)	39,233
	$	934,399	$	905,347	$	632,628	$	1,617,127	$	(2,008,606	)	$	2,080,895

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 June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	43,084		$	79,737		$	33,878		$	328,013		$	(121,698	)	$	363,014
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			2,881			28,130			—			31,090
Operating expenses	1,312			54,893			15,124			197,561			(121,698		)	147,192
Selling, general and administrative	1,467			27,495			3,886			13,769			—			46,617
Depreciation and amortization	14,011			94			6,502			26,367			—			46,974
Gain on sale of other assets	—			—			—			(921		)	—			(921		)
(Gain) loss on impairment / retirement of fixed assets, net	—			(1		)	—			216			—			215
	16,790			82,560			28,393			265,122			(121,698		)	271,167
Operating income (loss)	26,294			(2,823		)	5,485			62,891			—			91,847
Interest expense (income), net	10,533			7,354			11,933			(1,919		)	—			27,901
Net effect of swaps	(178		)	(137		)	—			—			—			(315		)
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency gain	—			—			(16,102		)	—			—			(16,102		)
Other (income) expense	188			(2,415		)	531			1,696			—			—
(Income) loss from investment in affiliates	(30,914		)	(21,721		)	(10,576		)	1,929			61,282			—
Income (loss) before taxes	46,665			14,096			(9,574		)	61,185			(61,282		)	51,090
Provision (benefit) for taxes	2,763			(3,481		)	(7,645		)	15,551			—			7,188
Net income (loss)	$	43,902		$	17,577		$	(1,929	)	$	45,634		$	(61,282	)	$	43,902
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,317		)	—			(2,317		)	—			2,317			(2,317		)
Unrealized income (loss) on cash flow hedging derivatives	(2,241		)	(644		)	—			—			644			(2,241		)
Other comprehensive income (loss), (net of tax)	(4,558		)	(644		)	(2,317		)	—			2,961			(4,558		)
Total Comprehensive Income (loss)	$	39,344		$	16,933		$	(4,246	)	$	45,634		$	(58,321	)	$	39,344

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	43,925		$	85,358		$	34,954		$	326,473		$	(129,090	)	$	361,620
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			2,994			28,059			—			31,053
Operating expenses	1,408			52,246			15,586			201,134			(129,090		)	141,284
Selling, general and administrative	1,222			26,888			3,868			13,789			—			45,767
Depreciation and amortization	12,891			9			6,818			26,314			—			46,032
Loss on impairment / retirement of fixed assets, net	—			—			—			29			—			29
	15,521			79,143			29,266			269,325			(129,090		)	264,165
Operating income	28,404			6,215			5,688			57,148			—			97,455
Interest expense, net	10,210			7,246			9,843			(1,507		)	—			25,792
Net effect of swaps	(1,378		)	(895		)	—			—			—			(2,273		)
Unrealized / realized foreign currency loss	—			—			14,886			—			—			14,886
Other (income) expense	187			(2,128		)	583			1,358			—			—
(Income) loss from investment in affiliates	(30,875		)	(15,540		)	(8,232		)	4,649			49,998			—
Income (loss) before taxes	50,260			17,532			(11,392		)	52,648			(49,998		)	59,050
Provision (benefit) for taxes	2,870			684			(6,732		)	14,838			—			11,660
Net income (loss)	$	47,390		$	16,848		$	(4,660	)	$	37,810		$	(49,998	)	$	47,390
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,592			—			1,592			—			(1,592		)	1,592
Unrealized income (loss) on cash flow hedging derivatives	1,679			503			—			—			(503		)	1,679
Other comprehensive income (loss), (net of tax)	3,271			503			1,592			—			(2,095		)	3,271
Total Comprehensive Income (loss)	$	50,661		$	17,351		$	(3,068	)	$	37,810		$	(52,093	)	$	50,661

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Six Months Ended June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	47,839		$	88,416		$	34,029		$	368,325		$	(135,129	)	$	403,480
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			2,882			33,114			—			36,075
Operating expenses	2,660			77,355			22,061			260,595			(135,129		)	227,542
Selling, general and administrative	2,863			44,167			4,759			16,232			—			68,021
Depreciation and amortization	14,485			103			6,502			30,191			—			51,281
Gain on sale of other assets	—			—			—			(921		)	—			(921		)
Loss (gain) on impairment / retirement of fixed assets, net	249			(1		)	—			964			—			1,212
	20,257			121,703			36,204			340,175			(135,129		)	383,210
Operating income	27,582			(33,287		)	(2,175		)	28,150			—			20,270
Interest expense (income), net	20,732			14,365			21,401			(3,938		)	—			52,560
Net effect of swaps	16			40			—			—			—			56
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency gain	—			—			1,082			—			—			1,082
Other (income) expense	375			(5,689		)	905			4,409			—			—
(Income) loss from investment in affiliates	42,674			25,422			(6,512		)	30,173			(91,757		)	—
Income (loss) before taxes	(36,215		)	(67,425		)	(48,324		)	(2,494		)	91,757			(62,701		)
Provision (benefit) for taxes	3,423			(13,903		)	(18,151		)	5,568			—			(23,063		)
Net loss	$	(39,638	)	$	(53,522	)	$	(30,173	)	$	(8,062	)	$	91,757		$	(39,638	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(696		)	—			(696		)	—			696			(696		)
Unrealized income (loss) on cash flow hedging derivatives	(2,891		)	(817		)	—			—			817			(2,891		)
Other comprehensive income (loss), (net of tax)	(3,587		)	(817		)	(696		)	—			1,513			(3,587		)
Total Comprehensive Loss	$	(43,225	)	$	(54,339	)	$	(30,869	)	$	(8,062	)	$	93,270		$	(43,225	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Six Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	48,243		$	93,729		$	35,243		$	367,983		$	(141,779	)	$	403,419
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			2,994			33,096			—			36,090
Operating expenses	2,831			73,852			21,527			261,510			(141,779		)	217,941
Selling, general and administrative	2,514			43,501			4,579			16,212			—			66,806
Depreciation and amortization	13,366			18			6,818			30,616			—			50,818
Loss on impairment / retirement of fixed assets, net	36			—			478			115			—			629
	18,747			117,371			36,396			341,549			(141,779		)	372,284
Operating income (loss)	29,496			(23,642		)	(1,153		)	26,434			—			31,135
Interest expense, net	20,722			14,923			19,607			(3,737		)	—			51,515
Net effect of swaps	4,257			2,681			—			—			—			6,938
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			23,844			—			—			23,844
Other (income) expense	375			(4,516		)	1,383			2,758			—			—
(Income) loss from investment in affiliates	41,221			20,100			(4,712		)	25,876			(82,485		)	—
Income (loss) before taxes	(58,254		)	(69,611		)	(41,892		)	1,537			82,485			(85,735		)
Provision (benefit) for taxes	3,482			(16,981		)	(15,986		)	5,486			—			(23,999		)
Net loss	$	(61,736	)	$	(52,630	)	$	(25,906	)	$	(3,949	)	$	82,485		$	(61,736	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,893			—			1,893			—			(1,893		)	1,893
Unrealized income (loss) on cash flow hedging derivatives	10,564			3,038			—			—			(3,038		)	10,564
Other comprehensive income (loss), (net of tax)	12,457			3,038			1,893			—			(4,931		)	12,457
Total Comprehensive Loss	$	(49,279	)	$	(49,592	)	$	(24,013	)	$	(3,949	)	$	77,554		$	(49,279	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,065		$	290,764		$	126,478		$	1,006,811		$	(441,485	)	$	1,134,633
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			9,210			82,468			—			91,757
Operating expenses	5,832			187,107			48,304			682,187			(441,485		)	481,945
Selling, general and administrative	6,066			101,491			11,164			34,906			—			153,627
Depreciation and amortization	37,926			122			17,017			67,885			—			122,950
(Gain) on sale of other assets	—			—			—			(9,664		)	—			(9,664		)
Loss on impairment / retirement of fixed assets, net	637			(1		)	1			2,485			—			3,122
	50,461			288,798			85,696			860,267			(441,485		)	843,737
Operating income	101,604			1,966			40,782			146,544			—			290,896
Interest (income) expense, net	42,640			28,317			41,170			(8,165		)	—			103,962
Net effect of swaps	(51		)	52			—			—			—			1
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency loss	—			—			6,179			—			—			6,179
Other (income) expense	750			(12,430		)	3,201			8,479			—			—
(Income) loss from investment in affiliates	(82,104		)	(32,198		)	(19,238		)	6,774			126,766			—
Income (loss) before taxes	140,369			18,225			(19,803		)	139,456			(126,766		)	151,481
Provision (benefit) for taxes	10,067			(9,055		)	(13,021		)	33,188			—			21,179
Net income (loss)	$	130,302		$	27,280		$	(6,782	)	$	106,268		$	(126,766	)	$	130,302
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	167			—			167			—			(167		)	167
Unrealized income on cash flow hedging derivatives	(2,719		)	(1,007		)	—			—			1,007			(2,719		)
Other comprehensive income, (net of tax)	(2,552		)	(1,007		)	167			—			840			(2,552		)
Total Comprehensive Income (loss)	$	127,750		$	26,273		$	(6,615	)	$	106,268		$	(125,926	)	$	127,750

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	148,757		$	271,778		$	133,554		$	952,082		$	(420,102	)	$	1,086,069
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			9,769			84,796			—			94,565
Operating expenses	5,438			177,188			47,798			641,501			(420,102		)	451,823
Selling, general and administrative	6,021			91,895			10,659			34,047			—			142,622
Depreciation and amortization	36,799			40			18,032			70,265			—			125,136
(Gain) on sale of other assets	—			—			—			(6,625		)	—			(6,625		)
Loss (gain) on impairment / retirement of fixed assets, net	25,950			—			475			5,310			—			31,735
	74,208			269,123			86,733			829,294			(420,102		)	839,256
Operating income	74,549			2,655			46,821			122,788			—			246,813
Interest expense, net	45,022			29,552			39,476			(9,005		)	—			105,045
Net effect of swaps	4,050			2,539			—			—			—			6,589
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			13,737			—			—			13,737
Other (income) expense	749			(8,947		)	2,694			5,504			—			—
(Income) loss from investment in affiliates	(74,816		)	(52,527		)	(15,768		)	(12,687		)	155,798			—
Income before taxes	78,369			19,257			6,065			138,976			(155,798		)	86,869
Provision (benefit) for taxes	9,417			(13,289		)	(8,917		)	30,706			—			17,917
Net income	$	68,952		$	32,546		$	14,982		$	108,270		$	(155,798	)	$	68,952
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	2,950			—			2,950			—			(2,950		)	2,950
Unrealized income (loss) on cash flow hedging derivatives	12,735			3,635			—			—			(3,635		)	12,735
Other comprehensive income (loss), (net of tax)	15,685			3,635			2,950			—			(6,585		)	15,685
Total Comprehensive Income	$	84,637		$	36,181		$	17,932		$	108,270		$	(162,383	)	$	84,637

Condensed Consolidating Statement of Cash Flows

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 29, 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	$	57,348		$	(48,952	)	$	(22,362	)	$	76,734		$	(10,531	)	$	52,237
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables receipts	—			7,625			—			3,829			(11,454		)	—
Sale of other assets	—			—			—			1,377			—			1,377
Capital expenditures	(47,494		)	(193		)	(11,573		)	(47,430		)	—			(106,690		)
Net cash from investing activities	(47,494		)	7,432			(11,573		)	(42,224		)	(11,454		)	(105,313		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	39,000			—			—			—			—			39,000
Note borrowings	—			—			450,000			—			—			450,000
Note payments, including amounts paid for early termination	—			—			(426,148		)	—			—			(426,148		)
Distributions paid	(79,544		)	—			—			—			1,269			(78,275		)
Payment of debt issuance costs	—			—			(9,795		)	—			—			(9,795		)
Intercompany payables (payments) receipts	(44,310		)	38,101			2,631			(7,861		)	11,439			—
Excess tax benefit from unit-based compensation expense	—			(725		)	—			—			—			(725		)
Net cash (for) financing activities	(84,854		)	37,376			16,688			(7,861		)	12,708			(25,943		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			1,097			—			—			1,097
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(75,000		)	(4,144		)	(16,150		)	26,649			(9,277		)	(77,922		)
Balance, beginning of period	75,000			4,144			35,575			3,337			—			118,056
Balance, end of period	$	—		$	—		$	19,425		$	29,986		$	(9,277	)	$	40,134

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 30, 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	$	34,874		$	(8,162	)		$	(6,326	)	$	81,364		$	(19,194	)	$	82,556
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			13,869				—			(5,384		)	(8,485		)	—
Capital expenditures	(38,398		)	—				(3,435		)	(37,356		)	—			(79,189		)
Net cash from (for) investing activities	(38,398		)	13,869				(3,435		)	(42,740		)	(8,485		)	(79,189		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	58,000			—				—			—			—			58,000
Term debt borrowings	359,022			256,500			—	14,478			—			—			630,000
Note borrowings	294,897			205,103				—			—			—			500,000
Payment of debt issuance costs	(14,312		)	(8,014		)		(438		)	—			—			(22,764		)
Term debt payments, including amounts paid for early termination	(655,723		)	(462,438		)		(14,514		)	—			—			(1,132,675		)
Distributions/dividends paid	(71,350		)	1,711				(13,173		)	—			13,173			(69,639		)
Intercompany payables (payments) receipts	7,990			1,089				(3,631		)	(13,933		)	8,485			—
Exercise of limited partnership unit options	—			28				—			—			—			28
Excess tax benefit from unit-based compensation expense	—			(130		)		—			—			—			(130		)
Net cash (for) financing activities	(21,476		)	(6,151		)		(17,278		)	(13,933		)	21,658			(37,180		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				(1,389		)	—			—			(1,389		)
CASH AND CASH EQUIVALENTS
Net increase for the period	(25,000		)	(444		)		(28,428		)	24,691			(6,021		)	(35,202		)
Balance, beginning of period	25,000			444				50,173			3,213			—			78,830
Balance, end of period	$	—		$	—			$	21,745		$	27,904		$	(6,021	)	$	43,628

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended June 29, 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	$	184,623		$	(16,592	)	$	(1,723	)	$	133,985		$	(6,009	)	$	294,284
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			37,779			—			(45,923		)	8,144			—
Sale of other assets	—			—			—			16,674			—			16,674
Capital expenditures	(65,349		)	(193		)	(17,667		)	(64,639		)	—			(147,848		)
Net cash (for) investing activities	(65,349		)	37,586			(17,667		)	(93,888		)	8,144			(131,174		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(19,000		)	—			—			—			—			(19,000		)
Note borrowings	—			—			450,000			—			—			450,000
Term debt payments, including amounts paid for early termination	(5,457		)	(3,898		)	(220		)	—			—			(9,575		)
Note payments, including amounts paid for early termination	—			—			(426,148		)	—			—			(426,148		)
Distributions paid	(154,847		)	—			—			—			2,753			(152,094		)
Intercompany payables (payments) receipts	60,253			(17,224		)	3,130			(38,015		)	(8,144		)	—
Excess tax benefit from unit-based compensation expense	—			260			—			—			—			260
Payment of debt issuance costs	(223		)	(156		)	(9,901		)	—			—			(10,280		)
Exercise of limited partnership unit options	—			24			—			—			—			24
Net cash (for) financing activities	(119,274		)	(20,994		)	16,861			(38,015		)	(5,391		)	(166,813		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			209			—			—			209
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			—			(2,320		)	2,082			(3,256		)	(3,494		)
Balance, beginning of period	—			—			21,745			27,904			(6,021		)	43,628
Balance, end of period	$	—		$	—		$	19,425		$	29,986		$	(9,277	)	$	40,134

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended June 30, 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	$	190,494		$	(48,744	)	$	27,790		$	146,839		$	(13,673	)	$	302,706
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany term debt receipts	—			86,362			—			—			(86,362		)	—
Intercompany receivables payments	—			(43,948		)	—			(62,033		)	105,981			—
Sale of other assets	—			—			—			14,885			—			14,885
Capital expenditures	(47,797		)	(8		)	(4,404		)	(56,786		)	—			(108,995		)
Net cash from (for) investing activities	(47,797		)	42,406			(4,404		)	(103,934		)	19,619			(94,110		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(53,000		)	—			—			—			—			(53,000		)
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Intercompany term debt payments	—			—			—			(86,362		)	86,362			—
Term debt payments, including amounts paid for early termination	(660,931		)	(466,114		)	(14,630		)	—			—			(1,141,675		)
Distributions/dividends (paid) received	(115,839		)	1,746			(13,173		)	—			13,173			(114,093		)
Intercompany payables (payments) receipts	47,465			15,543			(912		)	43,885			(105,981		)	—
Payment of debt issuance costs	(14,311		)	(8,014		)	(433		)	—			—			(22,758		)
Exercise of limited partnership unit options	—			57			—			—			—			57
Excess tax benefit from unit-based compensation	—			1,517			—			—			—			1,517
Net cash from (for) financing activities	(142,697		)	6,338			(14,670		)	(42,477		)	(6,446		)	(199,952		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(945		)	—			—			(945		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			—			7,771			428			(500		)	7,699
Balance, beginning of period	—			—			13,974			27,476			(5,521		)	35,929
Balance, end of period	$	—		$	—		$	21,745		$	27,904		$	(6,021	)	$	43,628

XML

Consolidating Financial Information of Guarantors and Issuers Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Dec. 31, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Jul. 01, 2012
Current Assets:
Cash and cash equivalents	$ 40,134	$ 118,056	$ 43,628	$ 43,628	$ 78,830	$ 35,929
Receivables	66,561	21,333	67,199
Inventories	45,571	26,080	45,452
Current deferred tax asset	22,900	9,675	28,302
Other current assets	31,398	11,353	33,888
Total current assets	206,564	186,497	218,469
Property and equipment (net)	1,557,164	1,505,763	1,550,901
Investment In Park	0	0	0
Goodwill	237,650	238,089	239,480		246,221
Other intangibes, net	39,509	39,471	39,719
Deferred Tax Asset	0	0	0
Other Assets	44,909	44,807	32,326
Assets	2,085,796	2,014,627	2,080,895
Current Liabilities:
Current maturities of long-term debt	3,025	0	6,300
Accounts payable	37,503	13,222	34,339
Deferred revenue	133,797	44,521	132,365
Accrued interest	12,516	23,201	23,944
Accrued taxes	7,253	19,481	10,021
Accrued salaries, wages and benefits	35,640	29,200	29,896
Self-insurance reserves	23,659	23,653	24,592
Other accrued liabilities	9,405	5,521	8,789
Total current liabilities	262,798	158,799	270,246
Deferred Tax Liability	157,046	158,113	154,292
Derivative Liability	30,110	26,662	26,772
Other Liabilities	7,402	11,290	8,796
Long-term Line of Credit, Noncurrent	39,000	0	58,000
Long-Term Debt:
Term debt	615,825	618,850	622,125
Notes	950,000	901,782	901,431
Total long-term debt	1,604,825	1,520,632	1,581,556
Equity	23,615	139,131	39,233
Total Partners' Equity and Liabilities	2,085,796	2,014,627	2,080,895
Cedar Fair L.P. (Parent) [Member]
Current Assets:
Cash and cash equivalents	0	75,000	0		25,000	0
Receivables	59	6	250
Inventories	0	0	0
Current deferred tax asset	0	0	0
Other current assets	691	599	620
Total current assets	750	75,605	870
Property and equipment (net)	471,252	447,724	463,783
Investment In Park	466,213	514,948	447,080
Goodwill	9,061	9,061	9,061
Other intangibes, net	0	0	0
Deferred Tax Asset	0	0	0
Other Assets	11,680	25,210	13,605
Assets	958,956	1,072,548	934,399
Current Liabilities:
Current maturities of long-term debt	1,724		3,590
Accounts payable	218,225	259,850	155,522
Deferred revenue	0	0	0
Accrued interest	6,422	4,637	5,189
Accrued taxes	6,054	4,609	6,534
Accrued salaries, wages and benefits	0	0	1
Self-insurance reserves	0	0	0
Other accrued liabilities	376	1,146	860
Total current liabilities	232,801	270,242	171,696
Deferred Tax Liability	0	0	0
Derivative Liability	17,700	15,610	16,039
Other Liabilities	0	0	0
Long-term Line of Credit, Noncurrent	39,000		58,000
Long-Term Debt:
Term debt	350,943	352,668	354,534
Notes	294,897	294,897	294,897
Total long-term debt	684,840	647,565	707,431
Equity	23,615	139,131	39,233
Total Partners' Equity and Liabilities	958,956	1,072,548	934,399
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]
Current Assets:
Cash and cash equivalents	0	4,144	0		444	0
Receivables	104,035	115,972	86,025
Inventories	5,732	1,968	4,639
Current deferred tax asset	18,655	5,430	23,822
Other current assets	14,115	4,443	11,440
Total current assets	142,537	131,957	125,926
Property and equipment (net)	8,206	976	994
Investment In Park	767,266	796,735	735,017
Goodwill	0	0	0
Other intangibes, net	0	0	0
Deferred Tax Asset	32,025	31,122	34,028
Other Assets	21,649	10,002	9,382
Assets	971,683	970,792	905,347
Current Liabilities:
Current maturities of long-term debt	1,231		2,565
Accounts payable	233,203	188,818	208,924
Deferred revenue	636	0	0
Accrued interest	4,251	3,223	3,563
Accrued taxes	1,196	0	458
Accrued salaries, wages and benefits	23,850	21,596	18,642
Self-insurance reserves	5,534	5,757	5,535
Other accrued liabilities	5,554	2,993	4,421
Total current liabilities	275,455	222,387	244,108
Deferred Tax Liability	0	0	0
Derivative Liability	12,410	11,052	10,733
Other Liabilities	4,039	7,858	5,296
Long-term Line of Credit, Noncurrent	0		0
Long-Term Debt:
Term debt	250,730	251,961	253,294
Notes	205,103	205,103	205,103
Total long-term debt	455,833	457,064	458,397
Equity	223,946	272,431	186,813
Total Partners' Equity and Liabilities	971,683	970,792	905,347
Co-Issuer Subsidiary (Cedar Canada) [Member]
Current Assets:
Cash and cash equivalents	19,425	35,575	21,745		50,173	13,974
Receivables	93,286	67,829	80,435
Inventories	4,091	1,898	4,182
Current deferred tax asset	800	800	816
Other current assets	5,974	14,266	2,066
Total current assets	123,576	120,368	109,244
Property and equipment (net)	247,632	243,208	250,249
Investment In Park	149,180	142,668	129,942
Goodwill	117,371	117,810	119,201
Other intangibes, net	16,639	16,683	16,880
Deferred Tax Asset	0	0	0
Other Assets	9,276	6,657	7,112
Assets	663,674	647,394	632,628
Current Liabilities:
Current maturities of long-term debt	70		145
Accounts payable	15,070	17,632	7,971
Deferred revenue	15,824	2,815	18,719
Accrued interest	1,843	15,341	15,192
Accrued taxes	0	0	181
Accrued salaries, wages and benefits	2,303	1,101	2,153
Self-insurance reserves	1,772	1,742	1,727
Other accrued liabilities	1,095	181	715
Total current liabilities	37,977	38,812	46,803
Deferred Tax Liability	57,540	57,704	61,544
Derivative Liability	0	0	0
Other Liabilities	0	0	0
Long-term Line of Credit, Noncurrent	0		0
Long-Term Debt:
Term debt	14,152	14,221	14,297
Notes	450,000	401,782	401,431
Total long-term debt	464,152	416,003	415,728
Equity	104,005	134,875	108,553
Total Partners' Equity and Liabilities	663,674	647,394	632,628
Guarantor Subsidiaries [Member]
Current Assets:
Cash and cash equivalents	29,986	3,337	27,904		3,213	27,476
Receivables	571,632	552,633	517,925
Inventories	35,748	22,214	36,631
Current deferred tax asset	3,445	3,445	3,664
Other current assets	13,500	7,764	19,762
Total current assets	654,311	589,393	605,886
Property and equipment (net)	830,074	813,855	835,875
Investment In Park	32,308	63,948	38,992
Goodwill	111,218	111,218	111,218
Other intangibes, net	22,870	22,788	22,839
Deferred Tax Asset	117	117	90
Other Assets	2,304	2,938	2,227
Assets	1,653,202	1,604,257	1,617,127
Current Liabilities:
Current maturities of long-term debt	0		0
Accounts payable	282,733	262,029	285,379
Deferred revenue	117,337	41,706	113,646
Accrued interest	0	0	0
Accrued taxes	2,885	30,591	2,848
Accrued salaries, wages and benefits	9,487	6,503	9,100
Self-insurance reserves	16,353	16,154	17,330
Other accrued liabilities	2,380	1,201	2,793
Total current liabilities	431,175	358,184	431,096
Deferred Tax Liability	131,648	131,648	126,866
Derivative Liability	0	0	0
Other Liabilities	3,363	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	1,087,016	1,110,993	1,055,665
Total Partners' Equity and Liabilities	1,653,202	1,604,257	1,617,127
Eliminations [Member]
Current Assets:
Cash and cash equivalents	(9,277)	0	(6,021)	(6,021)	0	(5,521)
Receivables	(702,451)	(715,107)	(617,436)
Inventories	0	0	0
Current deferred tax asset	0	0	0
Other current assets	(2,882)	(15,719)	0
Total current assets	(714,610)	(730,826)	(623,457)
Property and equipment (net)	0	0	0
Investment In Park	(1,414,967)	(1,518,299)	(1,351,031)
Goodwill	0	0	0
Other intangibes, net	0	0	0
Deferred Tax Asset	(32,142)	(31,239)	(34,118)
Other Assets	0	0	0
Assets	(2,161,719)	(2,280,364)	(2,008,606)
Current Liabilities:
Current maturities of long-term debt	0		0
Accounts payable	(711,728)	(715,107)	(623,457)
Deferred revenue	0	0	0
Accrued interest	0	0	0
Accrued taxes	(2,882)	(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	(714,610)	(730,826)	(623,457)
Deferred Tax Liability	(32,142)	(31,239)	(34,118)
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	(1,414,967)	(1,518,299)	(1,351,031)
Total Partners' Equity and Liabilities	$ (2,161,719)	$ (2,280,364)	$ (2,008,606)

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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		11
Issuance of limited partnership units as compensation		132
Net loss	(39,638)	(39,638)	0
Partnership distribution declared ($1.40 per limited partnership unit)		(78,275)
Expense recognized for limited partnership unit options		446
Tax effect of units involved in option exercises and treasury unit transactions		(725)
Issuance of limited partnership units as compensation		6,263
Weighted average limited partner units outstanding	55,453
Current period activity, net of tax $501 at Jun. 29, 2014	(2,891)						(2,891)
Ending balance, value at Jun. 29, 2014	23,615	36,918	2	5,290	(18,595)	(691)	(17,904)
Current period activity, net of tax $402 at Jun. 29, 2014	$ (696)					$ (696)
Ending balance, units at Jun. 29, 2014		55,859

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Interim Reporting

6 Months Ended

Jun. 29, 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)	6 Months Ended
	Jun. 29, 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		6 Months Ended		12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	$ (14,037)	$ (19,314)	$ (15,008)	$ (28,500)	$ (16,043)	$ (31,728)
Other comprehensive income before reclassifications	(6,237)	1,592	(6,944)	3,833	(9,267)	7,355
Amounts reclassified from accumulated other comprehensive income	1,679	1,679	3,357	8,624	6,715	8,330
Net current-period other comprehensive income	(4,558)	3,271	(3,587)	12,457	(2,552)	15,685
Balance, ending	(18,595)	(16,043)	(18,595)	(16,043)	(18,595)	(16,043)
Other Comprehensive income before reclassification tax effect	702	0	1,115	(326)	1,846	(745)
Foreign currency translation adjustment, tax	1,334	(915)	402	(1,089)	(94)	(1,697)
Provision (benefit) for taxes	(7,188)	(11,660)	23,063	23,999	(21,179)	(17,917)
Gains and Losses on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	(15,663)	(16,864)	(15,013)	(25,749)	(15,185)	(27,920)
Other comprehensive income before reclassifications	(3,920)	0	(6,248)	1,940	(9,434)	4,405
Amounts reclassified from accumulated other comprehensive income	1,679	1,679	3,357	8,624	6,715	8,330
Net current-period other comprehensive income	(2,241)	1,679	(2,891)	10,564	(2,719)	12,735
Balance, ending	(17,904)	(15,185)	(17,904)	(15,185)	(17,904)	(15,185)
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	1,626	(2,450)	5	(2,751)	(858)	(3,808)
Other comprehensive income before reclassifications	(2,317)	1,592	(696)	1,893	167	2,950
Amounts reclassified from accumulated other comprehensive income	0	0	0	0	0	0
Net current-period other comprehensive income	(2,317)	1,592	(696)	1,893	167	2,950
Balance, ending	(691)	(858)	(691)	(858)	(691)	(858)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Provision (benefit) for taxes	$ (307)	$ (307)	$ (614)	$ (1,536)	$ (1,228)	$ (1,482)

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Consolidating Financial Information of Guarantors and Issuers

6 Months Ended

Jun. 29, 2014

Condensed Consolidating 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 June 2014 and March 2013 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 June 29, 2014, December 31, 2013, and June 30, 2013 and for the three, six, and twelve month periods ended June 29, 2014 and June 30, 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 June 29, 2014, December 31, 2013 and June 30, 2013 reflect the adoption of this guidance. For the periods ended December 31, 2013 and June 30, 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 2013-04, the Unaudited Condensed Consolidating Statements of Cash Flows for the six and twelve month periods ended June 30, 2013 have been revised to correct the presentation of certain intercompany transactions previously recorded as cash flows from operating activities and the presentation of an intercompany term debt receipt previously recorded as cash flows from financing activities. A summary of the changes are below:

Condensed Consolidating Statements of Cash Flows
For the Six Month Period Ended June 30, 2013
(In thousands)	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
As reported - Net cash from (for) operating activities	$	4,808		$	(30,371	)	$	(4,856	)	$	44,138		$	68,837		$	82,556
Investment in joint ventures and affiliates	38,056			37,167			(18,274		)	17,909			(74,858		)	—
Intercompany receivables (payments) receipts	—			—			—			19,317			(19,317		)	—
Intercompany payables (payments) receipts	(7,990		)	(14,958		)	3,631			—			19,317			—
Dividends paid	—			—			13,173			—			(13,173		)	—
As corrected - Net cash from (for) operating activities	$	34,874		$	(8,162	)	$	(6,326	)	$	81,364		$	(19,194	)	$	82,556
As reported - Net cash from (for) investing activities	$	(342	)	$	37,167		$	(21,709	)	$	(19,447	)	$	(74,858	)	$	(79,189	)
Investment in joint ventures and affiliates	(38,056		)	(37,167		)	18,274			(17,909		)	74,858			—
Intercompany receivables (payments) receipts	—			13,869			—			(5,384		)	(8,485		)	—
As corrected - Net cash from (for) investing activities	$	(38,398	)	$	13,869		$	(3,435	)	$	(42,740	)	$	(8,485	)	$	(79,189	)
As reported - Net cash from (for) financing activities	$	(29,466	)	$	(7,240	)	$	(474	)	$	—		$	—		$	(37,180	)
Dividends paid	—			—			(13,173		)	—			13,173			—
Intercompany payables (payments) receipts	7,990			1,089			(3,631		)	(13,933		)	8,485			—
As corrected - Net cash from (for) financing activities	$	(21,476	)	$	(6,151	)	$	(17,278	)	$	(13,933	)	$	21,658		$	(37,180	)

Condensed Consolidating Statements of Cash Flows
For the Twelve Month Period Ended June 30, 2013
(In thousands)	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
As reported - Net cash from (for) operating activities	$	210,085		$	(47,009	)	$	29,440		$	140,865		$	(30,675	)	$	302,706
Investment in joint ventures and affiliates	27,874			(30,140		)	(15,735		)	(12,174		)	30,175			—
Intercompany receivables (payments) receipts	—			—			—			18,148			(18,148		)	—
Intercompany payables (payments) receipts	(47,465		)	28,405			912			—			18,148			—
Dividends paid	—			—			13,173			—			(13,173		)	—
As corrected - Net cash from (for) operating activities	$	190,494		$	(48,744	)	$	27,790		$	146,839		$	(13,673	)	$	302,706
As reported - Net cash from (for) investing activities	$	(19,923	)	$	(30,148	)	$	(20,139	)	$	(54,075	)	$	30,175		$	(79,189	)
Investment in joint ventures and affiliates	(27,874		)	30,140			15,735			12,174			(30,175		)	—
Intercompany term debt receipts	—			86,362			—			—			(86,362		)	—
Intercompany receivables (payments) receipts	—			(43,948		)	—			(62,033		)	105,981			—
As corrected - Net cash from (for) investing activities	$	(47,797	)	$	42,406		$	(4,404	)	$	(103,934	)	$	19,619		$	(94,110	)
As reported - Net cash from (for) financing activities	$	(190,162	)	$	77,157		$	(585	)	$	(86,362	)	$	—		$	(199,952	)
Dividends paid	—			—			(13,173		)	—			13,173			—
Intercompany term debt receipts	—			(86,362		)	—			—			86,362			—
Intercompany payables (payments) receipts	47,465			15,543			(912		)	43,885			(105,981		)	—
As corrected - Net cash from (for) financing activities	$	(142,697	)	$	6,338		$	(14,670	)	$	(42,477	)	$	(6,446	)	$	(199,952	)

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

June 29, 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	$	—	$	—	$	19,425	$	29,986	$	(9,277	)	$	40,134
Receivables	59		104,035		93,286		571,632		(702,451		)	66,561
Inventories	—		5,732		4,091		35,748		—			45,571
Current deferred tax asset	—		18,655		800		3,445		—			22,900
Other current assets	691		14,115		5,974		13,500		(2,882		)	31,398
	750		142,537		123,576		654,311		(714,610		)	206,564
Property and Equipment (net)	471,252		8,206		247,632		830,074		—			1,557,164
Investment in Park	466,213		767,266		149,180		32,308		(1,414,967		)	—
Goodwill	9,061		—		117,371		111,218		—			237,650
Other Intangibles, net	—		—		16,639		22,870		—			39,509
Deferred Tax Asset	—		32,025		—		117		(32,142		)	—
Other Assets	11,680		21,649		9,276		2,304		—			44,909
	$	958,956	$	971,683	$	663,674	$	1,653,202	$	(2,161,719	)	$	2,085,796
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	1,724	$	1,231	$	70	$	—	$	—		$	3,025
Accounts payable	218,225		233,203		15,070		282,733		(711,728		)	37,503
Deferred revenue	—		636		15,824		117,337		—			133,797
Accrued interest	6,422		4,251		1,843		—		—			12,516
Accrued taxes	6,054		1,196		—		2,885		(2,882		)	7,253
Accrued salaries, wages and benefits	—		23,850		2,303		9,487		—			35,640
Self-insurance reserves	—		5,534		1,772		16,353		—			23,659
Other accrued liabilities	376		5,554		1,095		2,380		—			9,405
	232,801		275,455		37,977		431,175		(714,610		)	262,798
Deferred Tax Liability	—		—		57,540		131,648		(32,142		)	157,046
Derivative Liability	17,700		12,410		—		—		—			30,110
Other Liabilities	—		4,039		—		3,363		—			7,402
Long-Term Debt:
Revolving credit loans	39,000		—		—		—		—			39,000
Term debt	350,943		250,730		14,152		—		—			615,825
Notes	294,897		205,103		450,000		—		—			950,000
	684,840		455,833		464,152		—		—			1,604,825
Equity	23,615		223,946		104,005		1,087,016		(1,414,967		)	23,615
	$	958,956	$	971,683	$	663,674	$	1,653,202	$	(2,161,719	)	$	2,085,796

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

June 30, 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	$	—	$	—	$	21,745	$	27,904	$	(6,021	)	$	43,628
Receivables	250		86,025		80,435		517,925		(617,436		)	67,199
Inventories	—		4,639		4,182		36,631		—			45,452
Current deferred tax asset	—		23,822		816		3,664		—			28,302
Other current assets	620		11,440		2,066		19,762		—			33,888
	870		125,926		109,244		605,886		(623,457		)	218,469
Property and Equipment (net)	463,783		994		250,249		835,875		—			1,550,901
Investment in Park	447,080		735,017		129,942		38,992		(1,351,031		)	—
Goodwill	9,061		—		119,201		111,218		—			239,480
Other Intangibles, net	—		—		16,880		22,839		—			39,719
Deferred Tax Asset	—		34,028		—		90		(34,118		)	—
Other Assets	13,605		9,382		7,112		2,227		—			32,326
	$	934,399	$	905,347	$	632,628	$	1,617,127	$	(2,008,606	)	$	2,080,895
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	3,590	$	2,565	$	145	$	—	$	—		$	6,300
Accounts payable	155,522		208,924		7,971		285,379		(623,457		)	34,339
Deferred revenue	—		—		18,719		113,646		—			132,365
Accrued interest	5,189		3,563		15,192		—		—			23,944
Accrued taxes	6,534		458		181		2,848		—			10,021
Accrued salaries, wages and benefits	1		18,642		2,153		9,100		—			29,896
Self-insurance reserves	—		5,535		1,727		17,330		—			24,592
Other accrued liabilities	860		4,421		715		2,793		—			8,789
	171,696		244,108		46,803		431,096		(623,457		)	270,246
Deferred Tax Liability	—		—		61,544		126,866		(34,118		)	154,292
Derivative Liability	16,039		10,733		—		—		—			26,772
Other Liabilities	—		5,296		—		3,500		—			8,796
Long-Term Debt:
Revolving credit loans	58,000		—		—		—		—			58,000
Term debt	354,534		253,294		14,297		—		—			622,125
Notes	294,897		205,103		401,431		—		—			901,431
	707,431		458,397		415,728		—		—			1,581,556
Equity	39,233		186,813		108,553		1,055,665		(1,351,031		)	39,233
	$	934,399	$	905,347	$	632,628	$	1,617,127	$	(2,008,606	)	$	2,080,895

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	43,084		$	79,737		$	33,878		$	328,013		$	(121,698	)	$	363,014
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			2,881			28,130			—			31,090
Operating expenses	1,312			54,893			15,124			197,561			(121,698		)	147,192
Selling, general and administrative	1,467			27,495			3,886			13,769			—			46,617
Depreciation and amortization	14,011			94			6,502			26,367			—			46,974
Gain on sale of other assets	—			—			—			(921		)	—			(921		)
(Gain) loss on impairment / retirement of fixed assets, net	—			(1		)	—			216			—			215
	16,790			82,560			28,393			265,122			(121,698		)	271,167
Operating income (loss)	26,294			(2,823		)	5,485			62,891			—			91,847
Interest expense (income), net	10,533			7,354			11,933			(1,919		)	—			27,901
Net effect of swaps	(178		)	(137		)	—			—			—			(315		)
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency gain	—			—			(16,102		)	—			—			(16,102		)
Other (income) expense	188			(2,415		)	531			1,696			—			—
(Income) loss from investment in affiliates	(30,914		)	(21,721		)	(10,576		)	1,929			61,282			—
Income (loss) before taxes	46,665			14,096			(9,574		)	61,185			(61,282		)	51,090
Provision (benefit) for taxes	2,763			(3,481		)	(7,645		)	15,551			—			7,188
Net income (loss)	$	43,902		$	17,577		$	(1,929	)	$	45,634		$	(61,282	)	$	43,902
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,317		)	—			(2,317		)	—			2,317			(2,317		)
Unrealized income (loss) on cash flow hedging derivatives	(2,241		)	(644		)	—			—			644			(2,241		)
Other comprehensive income (loss), (net of tax)	(4,558		)	(644		)	(2,317		)	—			2,961			(4,558		)
Total Comprehensive Income (loss)	$	39,344		$	16,933		$	(4,246	)	$	45,634		$	(58,321	)	$	39,344

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	43,925		$	85,358		$	34,954		$	326,473		$	(129,090	)	$	361,620
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			2,994			28,059			—			31,053
Operating expenses	1,408			52,246			15,586			201,134			(129,090		)	141,284
Selling, general and administrative	1,222			26,888			3,868			13,789			—			45,767
Depreciation and amortization	12,891			9			6,818			26,314			—			46,032
Loss on impairment / retirement of fixed assets, net	—			—			—			29			—			29
	15,521			79,143			29,266			269,325			(129,090		)	264,165
Operating income	28,404			6,215			5,688			57,148			—			97,455
Interest expense, net	10,210			7,246			9,843			(1,507		)	—			25,792
Net effect of swaps	(1,378		)	(895		)	—			—			—			(2,273		)
Unrealized / realized foreign currency loss	—			—			14,886			—			—			14,886
Other (income) expense	187			(2,128		)	583			1,358			—			—
(Income) loss from investment in affiliates	(30,875		)	(15,540		)	(8,232		)	4,649			49,998			—
Income (loss) before taxes	50,260			17,532			(11,392		)	52,648			(49,998		)	59,050
Provision (benefit) for taxes	2,870			684			(6,732		)	14,838			—			11,660
Net income (loss)	$	47,390		$	16,848		$	(4,660	)	$	37,810		$	(49,998	)	$	47,390
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,592			—			1,592			—			(1,592		)	1,592
Unrealized income (loss) on cash flow hedging derivatives	1,679			503			—			—			(503		)	1,679
Other comprehensive income (loss), (net of tax)	3,271			503			1,592			—			(2,095		)	3,271
Total Comprehensive Income (loss)	$	50,661		$	17,351		$	(3,068	)	$	37,810		$	(52,093	)	$	50,661

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Six Months Ended June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	47,839		$	88,416		$	34,029		$	368,325		$	(135,129	)	$	403,480
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			2,882			33,114			—			36,075
Operating expenses	2,660			77,355			22,061			260,595			(135,129		)	227,542
Selling, general and administrative	2,863			44,167			4,759			16,232			—			68,021
Depreciation and amortization	14,485			103			6,502			30,191			—			51,281
Gain on sale of other assets	—			—			—			(921		)	—			(921		)
Loss (gain) on impairment / retirement of fixed assets, net	249			(1		)	—			964			—			1,212
	20,257			121,703			36,204			340,175			(135,129		)	383,210
Operating income	27,582			(33,287		)	(2,175		)	28,150			—			20,270
Interest expense (income), net	20,732			14,365			21,401			(3,938		)	—			52,560
Net effect of swaps	16			40			—			—			—			56
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency gain	—			—			1,082			—			—			1,082
Other (income) expense	375			(5,689		)	905			4,409			—			—
(Income) loss from investment in affiliates	42,674			25,422			(6,512		)	30,173			(91,757		)	—
Income (loss) before taxes	(36,215		)	(67,425		)	(48,324		)	(2,494		)	91,757			(62,701		)
Provision (benefit) for taxes	3,423			(13,903		)	(18,151		)	5,568			—			(23,063		)
Net loss	$	(39,638	)	$	(53,522	)	$	(30,173	)	$	(8,062	)	$	91,757		$	(39,638	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(696		)	—			(696		)	—			696			(696		)
Unrealized income (loss) on cash flow hedging derivatives	(2,891		)	(817		)	—			—			817			(2,891		)
Other comprehensive income (loss), (net of tax)	(3,587		)	(817		)	(696		)	—			1,513			(3,587		)
Total Comprehensive Loss	$	(43,225	)	$	(54,339	)	$	(30,869	)	$	(8,062	)	$	93,270		$	(43,225	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Six Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	48,243		$	93,729		$	35,243		$	367,983		$	(141,779	)	$	403,419
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			2,994			33,096			—			36,090
Operating expenses	2,831			73,852			21,527			261,510			(141,779		)	217,941
Selling, general and administrative	2,514			43,501			4,579			16,212			—			66,806
Depreciation and amortization	13,366			18			6,818			30,616			—			50,818
Loss on impairment / retirement of fixed assets, net	36			—			478			115			—			629
	18,747			117,371			36,396			341,549			(141,779		)	372,284
Operating income (loss)	29,496			(23,642		)	(1,153		)	26,434			—			31,135
Interest expense, net	20,722			14,923			19,607			(3,737		)	—			51,515
Net effect of swaps	4,257			2,681			—			—			—			6,938
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			23,844			—			—			23,844
Other (income) expense	375			(4,516		)	1,383			2,758			—			—
(Income) loss from investment in affiliates	41,221			20,100			(4,712		)	25,876			(82,485		)	—
Income (loss) before taxes	(58,254		)	(69,611		)	(41,892		)	1,537			82,485			(85,735		)
Provision (benefit) for taxes	3,482			(16,981		)	(15,986		)	5,486			—			(23,999		)
Net loss	$	(61,736	)	$	(52,630	)	$	(25,906	)	$	(3,949	)	$	82,485		$	(61,736	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,893			—			1,893			—			(1,893		)	1,893
Unrealized income (loss) on cash flow hedging derivatives	10,564			3,038			—			—			(3,038		)	10,564
Other comprehensive income (loss), (net of tax)	12,457			3,038			1,893			—			(4,931		)	12,457
Total Comprehensive Loss	$	(49,279	)	$	(49,592	)	$	(24,013	)	$	(3,949	)	$	77,554		$	(49,279	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,065		$	290,764		$	126,478		$	1,006,811		$	(441,485	)	$	1,134,633
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			9,210			82,468			—			91,757
Operating expenses	5,832			187,107			48,304			682,187			(441,485		)	481,945
Selling, general and administrative	6,066			101,491			11,164			34,906			—			153,627
Depreciation and amortization	37,926			122			17,017			67,885			—			122,950
(Gain) on sale of other assets	—			—			—			(9,664		)	—			(9,664		)
Loss on impairment / retirement of fixed assets, net	637			(1		)	1			2,485			—			3,122
	50,461			288,798			85,696			860,267			(441,485		)	843,737
Operating income	101,604			1,966			40,782			146,544			—			290,896
Interest (income) expense, net	42,640			28,317			41,170			(8,165		)	—			103,962
Net effect of swaps	(51		)	52			—			—			—			1
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency loss	—			—			6,179			—			—			6,179
Other (income) expense	750			(12,430		)	3,201			8,479			—			—
(Income) loss from investment in affiliates	(82,104		)	(32,198		)	(19,238		)	6,774			126,766			—
Income (loss) before taxes	140,369			18,225			(19,803		)	139,456			(126,766		)	151,481
Provision (benefit) for taxes	10,067			(9,055		)	(13,021		)	33,188			—			21,179
Net income (loss)	$	130,302		$	27,280		$	(6,782	)	$	106,268		$	(126,766	)	$	130,302
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	167			—			167			—			(167		)	167
Unrealized income on cash flow hedging derivatives	(2,719		)	(1,007		)	—			—			1,007			(2,719		)
Other comprehensive income, (net of tax)	(2,552		)	(1,007		)	167			—			840			(2,552		)
Total Comprehensive Income (loss)	$	127,750		$	26,273		$	(6,615	)	$	106,268		$	(125,926	)	$	127,750

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	148,757		$	271,778		$	133,554		$	952,082		$	(420,102	)	$	1,086,069
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			9,769			84,796			—			94,565
Operating expenses	5,438			177,188			47,798			641,501			(420,102		)	451,823
Selling, general and administrative	6,021			91,895			10,659			34,047			—			142,622
Depreciation and amortization	36,799			40			18,032			70,265			—			125,136
(Gain) on sale of other assets	—			—			—			(6,625		)	—			(6,625		)
Loss (gain) on impairment / retirement of fixed assets, net	25,950			—			475			5,310			—			31,735
	74,208			269,123			86,733			829,294			(420,102		)	839,256
Operating income	74,549			2,655			46,821			122,788			—			246,813
Interest expense, net	45,022			29,552			39,476			(9,005		)	—			105,045
Net effect of swaps	4,050			2,539			—			—			—			6,589
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			13,737			—			—			13,737
Other (income) expense	749			(8,947		)	2,694			5,504			—			—
(Income) loss from investment in affiliates	(74,816		)	(52,527		)	(15,768		)	(12,687		)	155,798			—
Income before taxes	78,369			19,257			6,065			138,976			(155,798		)	86,869
Provision (benefit) for taxes	9,417			(13,289		)	(8,917		)	30,706			—			17,917
Net income	$	68,952		$	32,546		$	14,982		$	108,270		$	(155,798	)	$	68,952
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	2,950			—			2,950			—			(2,950		)	2,950
Unrealized income (loss) on cash flow hedging derivatives	12,735			3,635			—			—			(3,635		)	12,735
Other comprehensive income (loss), (net of tax)	15,685			3,635			2,950			—			(6,585		)	15,685
Total Comprehensive Income	$	84,637		$	36,181		$	17,932		$	108,270		$	(162,383	)	$	84,637

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 29, 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	$	57,348		$	(48,952	)	$	(22,362	)	$	76,734		$	(10,531	)	$	52,237
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables receipts	—			7,625			—			3,829			(11,454		)	—
Sale of other assets	—			—			—			1,377			—			1,377
Capital expenditures	(47,494		)	(193		)	(11,573		)	(47,430		)	—			(106,690		)
Net cash from investing activities	(47,494		)	7,432			(11,573		)	(42,224		)	(11,454		)	(105,313		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	39,000			—			—			—			—			39,000
Note borrowings	—			—			450,000			—			—			450,000
Note payments, including amounts paid for early termination	—			—			(426,148		)	—			—			(426,148		)
Distributions paid	(79,544		)	—			—			—			1,269			(78,275		)
Payment of debt issuance costs	—			—			(9,795		)	—			—			(9,795		)
Intercompany payables (payments) receipts	(44,310		)	38,101			2,631			(7,861		)	11,439			—
Excess tax benefit from unit-based compensation expense	—			(725		)	—			—			—			(725		)
Net cash (for) financing activities	(84,854		)	37,376			16,688			(7,861		)	12,708			(25,943		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			1,097			—			—			1,097
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(75,000		)	(4,144		)	(16,150		)	26,649			(9,277		)	(77,922		)
Balance, beginning of period	75,000			4,144			35,575			3,337			—			118,056
Balance, end of period	$	—		$	—		$	19,425		$	29,986		$	(9,277	)	$	40,134

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 30, 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	$	34,874		$	(8,162	)		$	(6,326	)	$	81,364		$	(19,194	)	$	82,556
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			13,869				—			(5,384		)	(8,485		)	—
Capital expenditures	(38,398		)	—				(3,435		)	(37,356		)	—			(79,189		)
Net cash from (for) investing activities	(38,398		)	13,869				(3,435		)	(42,740		)	(8,485		)	(79,189		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	58,000			—				—			—			—			58,000
Term debt borrowings	359,022			256,500			—	14,478			—			—			630,000
Note borrowings	294,897			205,103				—			—			—			500,000
Payment of debt issuance costs	(14,312		)	(8,014		)		(438		)	—			—			(22,764		)
Term debt payments, including amounts paid for early termination	(655,723		)	(462,438		)		(14,514		)	—			—			(1,132,675		)
Distributions/dividends paid	(71,350		)	1,711				(13,173		)	—			13,173			(69,639		)
Intercompany payables (payments) receipts	7,990			1,089				(3,631		)	(13,933		)	8,485			—
Exercise of limited partnership unit options	—			28				—			—			—			28
Excess tax benefit from unit-based compensation expense	—			(130		)		—			—			—			(130		)
Net cash (for) financing activities	(21,476		)	(6,151		)		(17,278		)	(13,933		)	21,658			(37,180		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				(1,389		)	—			—			(1,389		)
CASH AND CASH EQUIVALENTS
Net increase for the period	(25,000		)	(444		)		(28,428		)	24,691			(6,021		)	(35,202		)
Balance, beginning of period	25,000			444				50,173			3,213			—			78,830
Balance, end of period	$	—		$	—			$	21,745		$	27,904		$	(6,021	)	$	43,628

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended June 29, 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	$	184,623		$	(16,592	)	$	(1,723	)	$	133,985		$	(6,009	)	$	294,284
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			37,779			—			(45,923		)	8,144			—
Sale of other assets	—			—			—			16,674			—			16,674
Capital expenditures	(65,349		)	(193		)	(17,667		)	(64,639		)	—			(147,848		)
Net cash (for) investing activities	(65,349		)	37,586			(17,667		)	(93,888		)	8,144			(131,174		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(19,000		)	—			—			—			—			(19,000		)
Note borrowings	—			—			450,000			—			—			450,000
Term debt payments, including amounts paid for early termination	(5,457		)	(3,898		)	(220		)	—			—			(9,575		)
Note payments, including amounts paid for early termination	—			—			(426,148		)	—			—			(426,148		)
Distributions paid	(154,847		)	—			—			—			2,753			(152,094		)
Intercompany payables (payments) receipts	60,253			(17,224		)	3,130			(38,015		)	(8,144		)	—
Excess tax benefit from unit-based compensation expense	—			260			—			—			—			260
Payment of debt issuance costs	(223		)	(156		)	(9,901		)	—			—			(10,280		)
Exercise of limited partnership unit options	—			24			—			—			—			24
Net cash (for) financing activities	(119,274		)	(20,994		)	16,861			(38,015		)	(5,391		)	(166,813		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			209			—			—			209
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			—			(2,320		)	2,082			(3,256		)	(3,494		)
Balance, beginning of period	—			—			21,745			27,904			(6,021		)	43,628
Balance, end of period	$	—		$	—		$	19,425		$	29,986		$	(9,277	)	$	40,134

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended June 30, 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	$	190,494		$	(48,744	)	$	27,790		$	146,839		$	(13,673	)	$	302,706
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany term debt receipts	—			86,362			—			—			(86,362		)	—
Intercompany receivables payments	—			(43,948		)	—			(62,033		)	105,981			—
Sale of other assets	—			—			—			14,885			—			14,885
Capital expenditures	(47,797		)	(8		)	(4,404		)	(56,786		)	—			(108,995		)
Net cash from (for) investing activities	(47,797		)	42,406			(4,404		)	(103,934		)	19,619			(94,110		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(53,000		)	—			—			—			—			(53,000		)
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Intercompany term debt payments	—			—			—			(86,362		)	86,362			—
Term debt payments, including amounts paid for early termination	(660,931		)	(466,114		)	(14,630		)	—			—			(1,141,675		)
Distributions/dividends (paid) received	(115,839		)	1,746			(13,173		)	—			13,173			(114,093		)
Intercompany payables (payments) receipts	47,465			15,543			(912		)	43,885			(105,981		)	—
Payment of debt issuance costs	(14,311		)	(8,014		)	(433		)	—			—			(22,758		)
Exercise of limited partnership unit options	—			57			—			—			—			57
Excess tax benefit from unit-based compensation	—			1,517			—			—			—			1,517
Net cash from (for) financing activities	(142,697		)	6,338			(14,670		)	(42,477		)	(6,446		)	(199,952		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(945		)	—			—			(945		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			—			7,771			428			(500		)	7,699
Balance, beginning of period	—			—			13,974			27,476			(5,521		)	35,929
Balance, end of period	$	—		$	—		$	21,745		$	27,904		$	(6,021	)	$	43,628