Guarantor Information

12 Months Ended

Dec. 31, 2016

On November 20, 2012, GrafTech International Ltd. (the “Parent”), issued $300 million aggregate principal amount of Senior Notes. The Senior Notes mature on November 15, 2020 and bear interest at a rate of 6.375% per year, payable semi-annually in arrears on May 15 and November 15 of each year. The Senior Notes have been guaranteed on a senior basis by the following wholly-owned direct and indirect subsidiaries of the Parent: GrafTech Finance Inc., GrafTech Holdings Inc., GrafTech USA LLC, Seadrift Coke LLP, Fiber Materials, Inc., Intermat, GrafTech Global Enterprises Inc., GrafTech International Holdings Inc., GrafTech DE LLC, GrafTech Seadrift Holding Corp, GrafTech International Trading Inc., GrafTech Technology LLC, GrafTech NY Inc., and Graphite Electrode Network LLC.

The guarantors of the Senior Notes, solely in their respective capacities as such, are collectively called the “Guarantors.” Our other subsidiaries, which are not guarantors of the Senior Notes, are called the “Non-Guarantors.”

All of the guarantees are unsecured. All of the guarantees are full, unconditional (subject to limited exceptions described below) and joint and several. Each of the Guarantors are 100% owned, directly or indirectly, by the Parent. All of the guarantees of the Senior Notes continue until the Senior Notes have been paid in full, and payment under such guarantees could be required immediately upon the occurrence of an event of default under the Senior Notes. If a Guarantor makes a payment under its guarantee of the Senior Notes, it would have the right under certain circumstances to seek contribution from the other Guarantors.

The Guarantors will be released from the guarantees upon the occurrence of certain events, including the following: the unconditional release or discharge of any guarantee or indebtedness that resulted in the creation of the guarantee of the Senior Notes by such Guarantor; the sale or other disposition, including by way of merger or consolidation or the sale of its capital stock, following which such Guarantor is no longer a subsidiary of the Parent; or the Parent's exercise of its legal defeasance option or its covenant defeasance option as described in the indenture applicable to the Senior Notes. If any Guarantor is released, no holder of the Senior Notes will have a claim as a creditor against such Guarantor and the indebtedness and other liabilities, including trade payables and preferred stock, if any, of such Guarantor will be effectively senior to the claim of any holders of the Senior Notes.

Investments in subsidiaries are recorded on the equity basis.

The following tables set forth condensed consolidating balance sheets as of December 31, 2015 and December 31, 2016 and condensed consolidating statements of operations and comprehensive income (loss) for the year ended December 31, 2014, 2015 and 2016 and condensed consolidating statements of cash flows for 2014, 2015 and 2016 of the Parent, Guarantors and the Non-Guarantors.



CONDENSED CONSOLIDATING BALANCE SHEETS
As of December 31, 2015
(in thousands)
							Consolidating
					Non-		Entries and
	Parent		Guarantors		Guarantors		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	646	$	6,281	$	—		$	6,927
Accounts receivable - affiliates	51,592		9,803		19,505		(80,900		)	—
Accounts receivable - trade	—		7,599		74,791		—			82,390
Inventories	—		54,613		163,517		—			218,130
Prepaid and other current assets	—		7,907		13,243		—			21,150
Current assets of discontinued operations	—		81,638		17,520		(877		)	98,281
Total current assets	51,592		162,206		294,857		(81,777		)	426,878

Investment in affiliates	1,068,028		668,113		—		(1,736,141		)	—
Property, plant and equipment	—		209,633		341,530		—			551,163
Deferred income taxes	—		—		15,326		—			15,326
Goodwill	—		72,399		99,660		—			172,059
Notes receivable - affiliate	—		46,074		—		(46,074		)	—
Other assets	—		79,368		73,246		—			152,614
Long-term assets of discontinued operations	—		99,457		4,518		—			103,975
Total Assets	$	1,119,620	$	1,337,250	$	829,137	$	(1,863,992	)	$	1,422,015

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable - affiliate	$	159	$	71,099	$	9,642	$	(80,900	)	$	—
Accounts payable - trade	—		11,191		28,956		—			40,147
Short-term debt	—		4,636		136		—			4,772
Accrued income and other taxes	—		2,824		3,109		—			5,933
Rationalizations	—		995		200		—			1,195
Other accrued liabilities	2,444		4,841		13,702		—			20,987
Current liabilities of discontinued operations	—		18,384		5,575		(877		)	23,082
Total current liabilities	2,603		113,970		61,320		(81,777		)	96,116

Long-term debt - affiliate	38,661		—		7,413		(46,074		)	—
Long-term debt - third party	267,827		93,758		870		—			362,455
Other long-term obligations	—		60,508		33,810		—			94,318
Deferred income taxes	—		248		57,182		—			57,430
Long-term liabilities of discontinued operations	—		738		429		—			1,167
Stockholders' equity	810,529		1,068,028		668,113		(1,736,141		)	810,529
Total Liabilities and Stockholders' Equity	$	1,119,620	$	1,337,250	$	829,137	$	(1,863,992	)	$	1,422,015



CONDENSED CONSOLIDATING BALANCE SHEETS
As of December 31, 2016
(in thousands)

							Consolidating
					Non-		Entries and
	Parent		Guarantors		Guarantors		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	636	$	10,974	$	—		$	11,610
Accounts receivable - affiliates	51,592		3,624		19,643		(74,859		)	—
Accounts receivable - trade	—		7,518		73,050		—			80,568
Inventories	—		44,563		111,548		—			156,111
Prepaid and other current assets	1,350		4,853		15,462		—			21,665
Current assets of discontinued operations	—		51,160		14,296		(4,477		)	60,979
Total current assets	52,942		112,354		244,973		(79,336		)	330,933

Investment in affiliates	844,379		601,597		—		(1,445,976		)	—
Property, plant and equipment	—		191,503		317,352		—			508,855
Deferred income taxes	—		—		19,803		—			19,803
Goodwill	—		70,399		100,718		—			171,117
Notes receivable - affiliate	—		49,003		—		(49,003		)	—
Other assets	—		70,767		70,801		—			141,568
Total Assets	$	897,321	$	1,095,623	$	753,647	$	(1,574,315	)	$	1,172,276

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable - affiliate	$	806	$	71,243	$	2,810	$	(74,859	)	$	—
Accounts payable - trade	964		8,033		38,666		—			47,663
Short-term debt	—		3,062		5,790		—			8,852
Accrued income and other taxes	—		2,095		3,161		—			5,256
Rationalizations	—		57		18		—			75
Other accrued liabilities	2,444		12,148		15,927		—			30,519
Current liabilities of discontinued operations	—		20,381		4,138		(4,477		)	20,042
Total current liabilities	4,214		117,019		70,510		(79,336		)	112,407

Long-term debt - affiliate	41,590		—		7,413		(49,003		)	—
Long-term debt - third party	274,132		81,695		753		—			356,580
Other long-term obligations	—		50,943		31,205		—			82,148
Deferred income taxes	—		909		41,997		—			42,906
Long-term liabilities of discontinued operations	—		678		172		—			850
Stockholders' equity	577,385		844,379		601,597		(1,445,976		)	577,385
Total Liabilities and Stockholders' Equity	$	897,321	$	1,095,623	$	753,647	$	(1,574,315	)	$	1,172,276



CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
For the year ended December 31, 2014 (Predecessor)
(in thousands)
										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations				Consolidated

Sales - affiliates	$	—		$	240,295		$	142,651		$	(382,946	)		$	—
Sales - third party	—			203,609			621,536			—				825,145
Net sales	—			443,904			764,187			(382,946		)		825,145
Cost of sales	—			403,058			737,044			(382,946		)		757,156
Gross profit	—			40,846			27,143			—				67,989
Research and development	—			9,738			—			—				9,738
Selling and administrative expenses	—			33,108			61,521			—				94,629
Impairments	—			75,650			—			—				75,650
Rationalizations	—			5,431			2,515			—				7,946
Operating loss	—			(83,081		)	(36,893		)	—				(119,974		)

Other expense (income), net	—			2,049			871			—				2,920
Interest expense - affiliate	—			806			—			(806		)		—
Interest expense - third party	32,118			2,721			897			—				35,736
Interest income - affiliate	(806		)	—			—			806				—
Interest income - third party	—			—			(320		)	—				(320		)
Loss from continuing operations before provision for income taxes	(31,312		)	(88,657		)	(38,341		)	—			`	(158,310		)
Provision for income taxes	15,443			(17,240		)	(3,993		)	—				(5,790		)
Equity in loss from continuing operations of subsidiary	(105,765		)	(34,348		)	—			140,113				—
Net loss from continuing operations	(152,520		)	(105,765		)	(34,348		)	140,113				(152,520		)

Loss from discontinued operations, net of tax	—			(126,217		)	(6,639		)	—				(132,856		)
Equity in loss from discontinued operations of subsidiary	(132,856		)	(6,639		)	—			139,495				—
Loss on discontinued operations	(132,856		)	(132,856		)	(6,639		)	139,495				(132,856		)

Net loss	(285,376		)	(238,621		)	(40,987		)	279,608				(285,376		)

Statements of Comprehensive Income (Loss)

Net loss	$	(285,376	)	$	(238,621	)	$	(40,987	)	$	279,608			$	(285,376	)
Other comprehensive loss	(43,900		)	(43,900		)	(28,650		)	72,550				(43,900		)
Comprehensive loss	$	(329,276	)	$	(282,521	)	$	(69,637	)	$	352,158			$	(329,276	)



CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
For the Period January 1 through August 14, 2015 (Predecessor)
(in thousands)
										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations				Consolidated

Sales - affiliates	$	—		$	117,366		$	52,683		$	(170,049	)		$	—
Sales - third party	—			80,243			259,664			—				339,907
Net sales	—			197,609			312,347			(170,049		)		339,907
Cost of sales	—			180,983			294,067			(170,049		)		305,001
Gross profit	—			16,626			18,280			—				34,906
Research and development	—			3,377			—			—				3,377
Selling and administrative expenses	6,750			31,513			26,120			—				64,383
Impairments	—			35,381			—			—				35,381
Rationalizations	—			(68		)	82			—				14
Operating loss	(6,750		)	(53,577		)	(7,922		)	—				(68,249		)

Other expense (income), net	—			889			532			—				1,421
Interest expense - affiliate	3			372			—			(375		)		—
Interest expense - third party	24,366			1,574			271			—				26,211
Interest income - affiliate	(372		)	(3		)	—			375				—
Interest income - third party	—			—			(363		)	—				(363		)
Loss from continuing operations before provision for income taxes	(30,747		)	(56,409		)	(8,362		)	—			`	(95,518		)
Provision for income taxes	—			384			6,068			—				6,452
Equity in loss from continuing operations of subsidiary	(71,223		)	(14,430		)	—			85,653				—
Net loss from continuing operations	(101,970		)	(71,223		)	(14,430		)	85,653				(101,970		)

Loss from discontinued operations, net of tax	—			(13,430		)	(5,249		)	—				(18,679		)
Equity in loss from discontinued operations of subsidiary	(18,679		)	(5,249		)	—			23,928				—
Loss on discontinued operations	(18,679		)	(18,679		)	(5,249		)	23,928				(18,679		)

Net loss	(120,649		)	(89,902		)	(19,679		)	109,581				(120,649		)

Statements of Comprehensive Income (Loss)

Net loss	$	(120,649	)	$	(89,902	)	$	(19,679	)	$	109,581			$	(120,649	)
Other comprehensive loss	(26,674		)	(26,674		)	(28,041		)	54,715				(26,674		)
Comprehensive loss	$	(147,323	)	$	(116,576	)	$	(47,720	)	$	164,296			$	(147,323	)



CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
For the Period August 15 Through December 31, 2015 (Successor)
(in thousands)
										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations				Consolidated

Sales - affiliates	$	—		$	48,988		$	31,898		$	(80,886	)		$	—
Sales - third party	—			40,279			152,854			—				193,133
Net sales	—			89,267			184,752			(80,886		)		193,133
Cost of sales	—			87,683			174,048			(80,886		)		180,845
Gross profit	—			1,584			10,704			—				12,288
Research and development	—			1,083			—			—				1,083
Selling and administrative expenses	—			5,556			17,929			—				23,485
Rationalizations	—			70			213			—				283
Operating loss	—			(5,125		)	(7,438		)	—				(12,563		)

Other expense (income), net	—			1,286			(2,099		)	—				(813		)
Interest expense - affiliate	226			—			—			(226		)		—
Interest expense - third party	9,552			161			286			—				9,999
Interest income - affiliate	—			(226		)	—			226				—
Interest income - third party	—			—			(6		)	—				(6		)
Loss from continuing operations before provision for income taxes	(9,778		)	(6,346		)	(5,619		)	—			`	(21,743		)
Provision for income taxes	—			634			6,248			—				6,882
Equity in loss from continuing operations of subsidiary	(18,847		)	(11,868		)	—			30,715				—
Net loss from continuing operations	(28,625		)	(18,848		)	(11,867		)	30,715				(28,625		)

Loss from discontinued operations, net of tax	—			(4,154		)	(772		)	—				(4,926		)
Equity in loss from discontinued operations of subsidiary	(4,926		)	(772		)	—			5,698				—
Loss on discontinued operations	(4,926		)	(4,926		)	(772		)	5,698				(4,926		)

Net loss	(33,551		)	(23,774		)	(12,639		)	36,413				(33,551		)

Statements of Comprehensive Income (Loss)

Net loss	$	(33,551	)	$	(23,774	)	$	(12,639	)	$	36,413			$	(33,551	)
Other comprehensive loss	(10,257		)	(10,257		)	(10,257		)	20,514				(10,257		)
Comprehensive loss	$	(43,808	)	$	(34,031	)	$	(22,896	)	$	56,927			$	(43,808	)



CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
For the year ended December 31, 2016 (Successor)
(in thousands)
										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations			Consolidated

Sales - affiliates	$	—		$	122,164		$	57,099		$	(179,263	)	$	—
Sales - third party	—			87,028			350,935			—			437,963
Net sales	—			209,192			408,034			(179,263		)	437,963
Cost of sales	—			190,558			436,721			(179,263		)	448,016
Additions to lower of cost or market inventory reserve	—			6,822			12,152			—			18,974
Gross profit (loss)	—			11,812			(40,839		)	—			(29,027		)
Research and development	—			2,399			—			—			2,399
Selling and administrative expenses	—			23,831			33,894			—			57,725
Impairments	—			—			2,843			—			2,843
Rationalizations	—			110			(51		)	—			59
Operating loss	—			(14,528		)	(77,525		)	—			(92,053		)

Other expense (income), net	6			1,492			(3,686		)	—			(2,188		)
Interest expense - affiliate	984			—			—			(984		)	—
Interest expense - third party	25,430			1,136			348			—			26,914
Interest income - affiliate	—			(984		)	—			984			—
Interest income - third party	—			—			(358		)	—			(358		)
Loss from continuing operations before provision for income taxes	(26,420		)	(16,172		)	(73,829		)	—			(116,421		)
Provision for income taxes	—			274			(7,826		)	—			(7,552		)
Equity in loss from continuing operations of subsidiary	(82,449		)	(66,003		)	—			148,452			—
Net loss from continuing operations	(108,869		)	(82,449		)	(66,003		)	148,452			(108,869		)

Loss from discontinued operations, net of tax	(1,918		)	(121,741		)	(3,315		)	—			(126,974		)
Equity in loss from discontinued operations of subsidiary	(125,056		)	(3,315		)	—			128,371			—
Loss on discontinued operations	(126,974		)	(125,056		)	(3,315		)	128,371			(126,974		)

Net loss	(235,843		)	(207,505		)	(69,318		)	276,823			(235,843		)

Statements of Comprehensive Income (Loss)

Net loss	$	(235,843	)	$	(207,505	)	$	(69,318	)	$	276,823		$	(235,843	)
Other comprehensive income (loss)	2,699			2,699			2,699			(5,398		)	2,699
Comprehensive loss	$	(233,144	)	$	(204,806	)	$	(66,619	)	$	271,425		$	(233,144	)



CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the year ended December 31, 2014
(in thousands)
										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations			Consolidated
Net cash (used in) provided by operating activities:	$	(9,474	)	$	79,864		$	50,513		$	—		$	120,903

Cash flow from investing activities:
Loan repayments from affiliates	6,604			—			—			(6,604		)	—
Capital expenditures	—			(58,926		)	(26,055		)	—			(84,981		)
Insurance recoveries	—			—			2,834			—			2,834
Proceeds (payments) for derivatives	—			(2,195		)	170			—			(2,025		)
Proceeds from fixed asset sales	—			1,700			3,342			—			5,042
Other	—			—			178			—			178
Net cash provided by (used in) investing activities	6,604			(59,421		)	(19,531		)	(6,604		)	(78,952		)

Cash flow from financing activities:
Loans repayments to affiliates	—			(6,604		)	—			6,604			—
Short-term debt borrowings	—			(34		)	(987		)	—			(1,021		)
Revolving Facility borrowings	—			183,000			86,000			—			269,000
Revolving Facility reductions	—			(193,000		)	(100,000		)	—			(293,000		)
Principal payments on long term debt	—			(132		)	(60		)	—			(192		)
Supply chain financing	—			—			(9,455		)	—			(9,455		)
Proceeds from exercise of stock options	2,813			—			—			—			2,813
Purchase of treasury shares	(894		)	—			—			—			(894		)
Refinancing fees and debt issuance costs	—			(2,922		)	(357		)	—			(3,279		)
Other	951			—			—			—			951
Net cash (used in) provided by financing activities	2,870			(19,692		)	(24,859		)	6,604			(35,077		)

Net increase in cash and cash equivalents	—			751			6,123			—			6,874
Effect of exchange rate changes on cash and cash equivalents	—			—			(1,212		)	—			(1,212		)
Cash and cash equivalents at beginning of period	—			4,752			7,136			—			11,888
Cash and cash equivalents at end of period	$	—		$	5,503		$	12,047		$	—		$	17,550



CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Period January 1 through August 14, 2015 (Predecessor)
(in thousands)
										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations			Consolidated
Net cash (used in) provided by operating activities:	$	(4,017	)	$	34,418		$	25,632		$	(27,710	)	$	28,323

Cash flow from investing activities:
Loans from (repayments to) affiliates	36,204			(21,343		)	—			(14,861		)	—
Capital expenditures	—			(20,572		)	(11,729		)	—			(32,301		)
Payments for derivative instruments	—			(7,595		)	(668		)	—			(8,263		)
Proceeds from sale of assets	—			397			249			—			646
Net cash provided by (used in) investing activities	36,204			(49,113		)	(12,148		)	(14,861		)	(39,918		)

Cash flow from financing activities:
Loans from (repayments to) affiliates	21,343			(36,204		)	—			14,861			—
Dividends to affiliates	—			—			(27,710		)	27,710			—
Short-term debt, net	—			14,002			4,509			—			18,511
Revolving Facility borrowings	—			126,000			34,000			—			160,000
Revolving Facility reductions	—			(87,000		)	(12,000		)	—			(99,000		)
Repayment of Senior Subordinated Notes	(200,000		)	—			—			—			(200,000		)
Issuance of Preferred Shares	150,000			—			—			—			150,000
Principal payments on long term debt	—			(89		)	—			—			(89		)
Proceeds from exercise of stock options	32			—			—			—			32
Purchase of treasury shares	(63		)	—			—			—			(63		)
Revolver facility refinancing	—			(5,037		)	(31		)	—			(5,068		)
Other	(3,499		)	—			—			—			(3,499		)
Net cash (used in) provided by financing activities	(32,187		)	11,672			(1,232		)	42,571			20,824

Net (decrease) increase in cash and cash equivalents	—			(3,023		)	12,252			—			9,229
Effect of exchange rate changes on cash and cash equivalents	—			—			(1,746		)	—			(1,746		)
Cash and cash equivalents at beginning of period	—			5,503			12,047			—			17,550
Cash and cash equivalents at end of period	$	—		$	2,480		$	22,553		$	—		$	25,033



CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Period August 15 Through December 31, 2015 (Successor)
(in thousands)
										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations			Consolidated
Net cash (used in) provided by operating activities:	$	(15,930	)	$	18,471		$	20,574		$	—		$	23,115

Cash flow from investing activities:
Loans from (repayments to) affiliates	—			(17,315		)	—			17,315			—
Capital expenditures	—			(8,438		)	(10,004		)	—			(18,442		)
Payments for derivative instruments	—			—			326			—			326
Proceeds from sale of assets	—			492			140			—			632
Net cash provided by (used in) investing activities	—			(25,261		)	(9,538		)	17,315			(17,484		)

Cash flow from financing activities:
Loans from (repayments to) affiliates	17,315			—			—			(17,315		)	—
Short-term debt, net	—			(10,998		)	(4,506		)	—			(15,504		)
Revolving Facility borrowings	—			52,000			10,000			—			62,000
Revolving Facility reductions	—			(36,000		)	(32,000		)	—			(68,000		)
Issuance of Preferred Shares	(1,385		)	—			—			—			(1,385		)
Principal payments on long term debt	—			(46		)	(137		)	—			(183		)
Net cash (used in) provided by financing activities	15,930			4,956			(26,643		)	(17,315		)	(23,072		)

Decrease in cash and cash equivalents	—			(1,834		)	(15,607		)	—			(17,441		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(665		)	—			(665		)
Cash and cash equivalents at beginning of period	—			2,480			22,553			—			25,033
Cash and cash equivalents at end of period	$	—		$	646		$	6,281		$	—		$	6,927



CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the year ended December 31, 2016
(in thousands)
										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations			Consolidated
Net cash (used in) provided by operating activities:	$	(19,032	)	$	25,527		$	16,320		$	—		$	22,815

Cash flow from investing activities:
Loan repayments from affiliates	—			(2,067		)	—			2,067			—
Capital expenditures	—			(9,019		)	(18,839		)	—			(27,858		)
Payments for derivatives	—			—			377			—			377
Proceeds from the sale of fixed assets	—			462			659			—			1,121
Cash received (disposed) on divestiture	16,173			(284		)	—			—			15,889
Net cash provided by (used in) investing activities	16,173			(10,908		)	(17,803		)	2,067			(10,471		)

Cash flow from financing activities:
Loans repayments to affiliates	2,067			—			—			(2,067		)	—
Dividends to affiliates	792			(792		)							—
Short-term debt borrowings	—			1,705			5,658			—			7,363
Revolving Facility borrowings	—			51,000			5,000			—			56,000
Revolving Facility reductions	—			(65,469		)	(5,000		)	—			(70,469		)
Principal payments on long term debt	—			(151		)	(138		)	—			(289		)
Refinancing fees and debt issuance costs	—			(922		)	—			—			(922		)
Net cash provided by (used in) financing activities	2,859			(14,629		)	5,520			(2,067		)	(8,317		)

Net (decrease) increase in cash and cash equivalents	—			(10		)	4,037			—			4,027
Effect of exchange rate changes on cash and cash equivalents	—			—			656			—			656
Cash and cash equivalents at beginning of period	—			646			6,281			—			6,927
Cash and cash equivalents at end of period	$	—		$	636		$	10,974		$	—		$	11,610