Cedar Fair, L.P. Reports Loss on Impairment/Retirement of Fixed Assets for the First Quarter Ended March 28, 2021
May 05, 2021 at 02:00 am EDT
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Cedar Fair, L.P. reported loss on impairment/retirement of fixed assets for the first quarter ended March 28, 2021. For the period, the company reported loss on impairment/retirement of fixed assets net of $1,539,000 against $6,767,000 a year ago.
Cedar Fair, L.P. is a regional amusement park operator. The Company operates approximately 13 properties, consisting of 11 amusement parks, four separately gated outdoor water parks, and resort accommodations totaling more than 2,300 rooms and 600 luxury recreational vehicle (RV) sites. Its parks are family-oriented, with recreational facilities for people of all ages, and provide clean and attractive environments with rides and immersive entertainment. Its parks operate seasonally except for Knott's Berry Farm, which is typically open daily on a year-round basis. Its seasonal parks are generally open daily from Memorial Day until Labor Day. In addition to daily operations, its seasonal parks are open during select weekends, including at various properties in the fourth quarter for Halloween and winter events. Its Cedar Fairs parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan, Texas and Toronto, Ontario.