|
DISCONTINUED OPERATIONS (Details) (USD $)
|
3 Months Ended |
4 Months Ended |
12 Months Ended |
5 Months Ended |
1 Months Ended |
|
Dec. 31, 2014
|
Sep. 30, 2014
|
Jun. 30, 2014
|
Mar. 31, 2014
|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2014
item
|
Dec. 31, 2013
|
Aug. 30, 2012
|
Aug. 30, 2012
item
|
May 31, 2014
item
|
Aug. 30, 2012
item
|
Jul. 31, 2012
item
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of screens in theatres |
|
|
|
|
|
|
|
|
|
94 |
|
|
|
|
|
|
| Foreign currency translation adjustment: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign currency translation adjustment, net of tax |
|
|
|
|
|
|
|
|
$ (530,000) |
$ 978,000 |
$ 179,000 |
|
|
|
|
|
| Additional disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued Operation, Additional Sale Price Received Related to Tax Purchase Price Adjustments |
|
|
|
|
|
|
|
|
|
|
4,666,000 |
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Admissions |
460,253,000 |
417,448,000 |
478,667,000 |
409,020,000 |
482,149,000 |
466,988,000 |
515,306,000 |
382,884,000 |
548,632,000 |
1,765,388,000 |
1,847,327,000 |
|
|
|
|
|
| Food and beverage |
215,309,000 |
189,065,000 |
211,597,000 |
181,764,000 |
197,886,000 |
201,612,000 |
219,477,000 |
167,937,000 |
229,739,000 |
797,735,000 |
786,912,000 |
|
|
|
|
|
| Other theatre |
36,593,000 |
27,391,000 |
36,309,000 |
31,974,000 |
32,942,000 |
27,384,000 |
27,882,000 |
26,981,000 |
33,121,000 |
132,267,000 |
115,189,000 |
|
|
|
|
|
| Total revenues |
712,155,000 |
633,904,000 |
726,573,000 |
622,758,000 |
712,977,000 |
695,984,000 |
762,665,000 |
577,802,000 |
811,492,000 |
2,695,390,000 |
2,749,428,000 |
|
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Film Exhibition Costs |
244,318,000 |
220,608,000 |
257,220,000 |
212,100,000 |
258,187,000 |
242,006,000 |
285,395,000 |
191,324,000 |
291,561,000 |
934,246,000 |
976,912,000 |
|
|
|
|
|
| Food and beverage costs |
29,318,000 |
27,209,000 |
30,341,000 |
25,123,000 |
27,293,000 |
26,284,000 |
30,550,000 |
23,198,000 |
30,545,000 |
111,991,000 |
107,325,000 |
|
|
|
|
|
| Operating expense |
186,413,000 |
177,949,000 |
189,283,000 |
179,693,000 |
192,582,000 |
182,630,000 |
187,219,000 |
164,210,000 |
230,434,000 |
733,338,000 |
726,641,000 |
|
|
|
|
|
| Rent |
114,176,000 |
112,258,000 |
113,861,000 |
114,944,000 |
112,615,000 |
111,865,000 |
113,542,000 |
113,806,000 |
143,374,000 |
455,239,000 |
451,828,000 |
|
|
|
|
|
| Depreciation, Depletion and Amortization |
55,467,000 |
54,327,000 |
51,750,000 |
54,777,000 |
50,102,000 |
48,603,000 |
50,370,000 |
48,462,000 |
71,633,000 |
216,321,000 |
197,537,000 |
|
|
|
|
|
| Operating costs and expenses |
651,533,000 |
605,390,000 |
658,176,000 |
605,219,000 |
679,201,000 |
638,137,000 |
684,816,000 |
558,260,000 |
800,023,000 |
2,520,318,000 |
2,560,414,000 |
|
|
|
|
|
| Investment income |
(641,000) |
181,000 |
172,000 |
(7,857,000) |
1,322,000 |
(69,000) |
282,000 |
(3,619,000) |
290,000 |
(8,145,000) |
(2,084,000) |
|
|
|
|
|
| Total other expense |
19,033,000 |
16,428,000 |
16,893,000 |
25,481,000 |
25,408,000 |
20,545,000 |
11,661,000 |
31,679,000 |
49,951,000 |
77,835,000 |
89,293,000 |
|
|
|
|
|
| Income tax provision |
|
|
|
|
|
|
|
|
|
210,000 |
830,000 |
|
|
|
|
|
| Net earnings (loss) |
|
|
(21,000) |
334,000 |
(2,994,000) |
(407,000) |
(282,000) |
4,979,000 |
(688,000) |
313,000 |
1,296,000 |
|
|
|
|
|
| Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net cash payment |
|
|
|
|
|
|
|
|
|
|
|
(5,695,000) |
|
|
|
|
| Fixed asset write-offs |
|
|
|
|
|
|
|
|
|
|
|
(1,885,000) |
|
|
|
|
| Recognition of cumulative translation losses in AOCI |
|
|
|
|
|
|
|
|
|
|
|
(11,069,000) |
|
|
|
|
| Legal and professional fees |
|
|
|
|
|
|
|
|
|
|
|
(1,582,000) |
|
|
|
|
| Operating Lease Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deferred rent write-off |
|
|
|
|
|
|
|
|
|
|
|
14,848,000 |
|
|
|
|
| Unfavorable lease write-off |
|
|
|
|
|
|
|
|
|
|
|
31,099,000 |
|
|
|
|
| Deferred gain write-off |
|
|
|
|
|
|
|
|
|
|
|
13,666,000 |
|
|
|
|
| Gain on sale, net of lease termination expense |
|
|
|
|
|
|
|
|
|
|
|
39,382,000 |
|
|
|
|
| Foreign currency translation adjustment: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign currency translation adjustment, net of tax |
|
|
|
|
|
|
|
|
|
|
|
866,000 |
|
|
|
|
| Reclassification adjustment for foreign currency translation loss included in discontinued operations, net of tax |
|
|
|
|
|
|
|
|
|
|
|
11,069,000 |
|
|
|
|
| Foreign currency translation adjustment, net of tax |
|
|
|
|
|
|
|
|
|
|
|
11,935,000 |
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total revenues |
|
|
|
|
|
|
|
|
|
|
|
1,206,072,000 |
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Rent |
|
|
|
|
|
|
|
|
|
|
|
189,086,000 |
|
|
|
|
| Income tax provision |
|
|
|
|
|
|
|
|
|
|
|
1,200,000 |
|
|
|
|
| Seven Canada theatres and one United Kingdom theatre | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payment made to the landlord to terminate the lease agreement |
|
|
|
|
|
|
|
|
|
|
|
7,562,000 |
|
|
|
|
| Additional disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Term of operating lease agreements |
|
|
|
|
|
|
|
|
|
|
|
20 years |
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on disposition |
|
|
|
|
|
|
|
|
|
|
|
39,382,000 |
|
|
|
|
| All discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Food and beverage costs |
|
|
|
|
|
|
|
|
66,000 |
|
|
|
|
|
|
|
| Operating expense |
|
|
|
|
|
|
|
|
439,000 |
|
|
|
|
|
|
|
| General and administrative costs |
|
|
|
|
|
|
|
|
221,000 |
|
|
|
|
|
|
|
| Gain on disposition |
|
|
|
|
|
|
|
|
(37,000) |
(523,000) |
(2,126,000) |
|
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
689,000 |
(523,000) |
(2,126,000) |
|
|
|
|
|
| Operating income (loss) |
|
|
|
|
|
|
|
|
(689,000) |
523,000 |
2,126,000 |
|
|
|
|
|
| Investment income |
|
|
|
|
|
|
|
|
(1,000) |
|
|
|
|
|
|
|
| Total other expense |
|
|
|
|
|
|
|
|
(1,000) |
|
|
|
|
|
|
|
| Earnings (loss) before income taxes |
|
|
|
|
|
|
|
|
(688,000) |
523,000 |
2,126,000 |
|
|
|
|
|
| Income tax provision |
|
|
|
|
|
|
|
|
|
210,000 |
830,000 |
|
|
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
(688,000) |
313,000 |
1,296,000 |
|
|
|
|
|
| All discontinued operations | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Admissions |
|
|
|
|
|
|
|
|
|
|
|
16,389,000 |
|
|
|
|
| Food and beverage |
|
|
|
|
|
|
|
|
|
|
|
6,099,000 |
|
|
|
|
| Other theatre |
|
|
|
|
|
|
|
|
|
|
|
548,000 |
|
|
|
|
| Total revenues |
|
|
|
|
|
|
|
|
|
|
|
23,036,000 |
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Film Exhibition Costs |
|
|
|
|
|
|
|
|
|
|
|
8,706,000 |
|
|
|
|
| Food and beverage costs |
|
|
|
|
|
|
|
|
|
|
|
1,252,000 |
|
|
|
|
| Operating expense |
|
|
|
|
|
|
|
|
|
|
|
15,592,000 |
|
|
|
|
| Rent |
|
|
|
|
|
|
|
|
|
|
|
7,322,000 |
|
|
|
|
| General and administrative costs |
|
|
|
|
|
|
|
|
|
|
|
511,000 |
|
|
|
|
| Depreciation, Depletion and Amortization |
|
|
|
|
|
|
|
|
|
|
|
263,000 |
|
|
|
|
| Gain on disposition |
|
|
|
|
|
|
|
|
|
|
|
(46,951,000) |
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
(13,305,000) |
|
|
|
|
| Operating income (loss) |
|
|
|
|
|
|
|
|
|
|
|
36,341,000 |
|
|
|
|
| Investment income |
|
|
|
|
|
|
|
|
|
|
|
(12,000) |
|
|
|
|
| Total other expense |
|
|
|
|
|
|
|
|
|
|
|
(12,000) |
|
|
|
|
| Earnings (loss) before income taxes |
|
|
|
|
|
|
|
|
|
|
|
36,353,000 |
|
|
|
|
| Income tax provision |
|
|
|
|
|
|
|
|
|
|
|
1,200,000 |
|
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
|
|
|
35,153,000 |
|
|
|
|
| One theatre | Predecessor | Odeon Cinemas Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross proceeds from sales subject to working capital and other purchase price adjustments |
|
|
|
|
|
|
|
|
|
|
|
395,000 |
395,000 |
|
395,000 |
|
| Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additional disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued Operation, Additional Sale Price Received Related to Tax Purchase Price Adjustments |
|
|
|
|
|
|
|
|
|
|
4,666,000 |
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total revenues |
|
|
|
|
|
|
|
|
3,114,000 |
7,160,000 |
7,711,000 |
|
|
|
|
|
| Other | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of theatres sold |
|
|
|
|
|
|
|
|
|
|
|
|
7 |
|
|
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total revenues |
|
|
|
|
|
|
|
|
|
|
|
3,893,000 |
|
|
|
|
| Other | One closed theatre |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of theatres closed |
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|
|
| Number of screens in theatres |
|
|
|
|
|
|
|
|
|
|
|
|
|
13 |
|
|
| Other | One closed theatre | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of theatres closed |
|
|
|
|
|
|
|
|
|
|
|
1 |
|
|
1 |
|
| Number of screens in theatres |
|
|
|
|
|
|
|
|
|
|
|
20 |
20 |
|
|
|
| Payment made to the landlord to terminate the lease agreement |
|
|
|
|
|
|
|
|
|
|
|
|
7,562,000 |
|
|
|
| Other | 6 theatres | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of screens in theatres |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
134 |
| Number of theatres sold |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
| Gross proceeds from sales subject to working capital and other purchase price adjustments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,472,000 |
| Other | Theatres | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from sale of theatre |
|
|
|
|
|
|
|
|
|
|
|
1,472,000 |
|
|
|
|
| Cash payment for closure of Canada theatre |
|
|
|
|
|
|
|
|
|
|
|
(7,562,000) |
|
|
|
|
| UK | Theatres | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from sale of theatre |
|
|
|
|
|
|
|
|
|
|
|
$ 395,000 |
|
|
|
|
| UK | One theatre | Predecessor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of screens in theatres |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12 |
|
| Number of theatres sold |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|