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Acquisition of Argentina Theatres
 9 Months Ended
Sep. 30, 2012
Acquisition of Argentina Theatres [Abstract]  
Acquisition of Argentina Theatres
5. Acquisition of Argentina Theatres

On August 25, 2011, the Company acquired ten theatres with 95 screens from Hoyts General Cinema South America, Inc. in a stock purchase for approximately $66,958 in cash. The acquisition resulted in an expansion of the Company’s international theatre base. The Company incurred approximately $200 in transaction costs, which are reflected in general and administrative expenses on the condensed consolidated statement of income for the three and nine months ended September 30, 2011. The transaction was accounted for by applying the acquisition method.

The following table represents the fair value of the identifiable assets acquired and liabilities assumed as of the acquisition date:

 

         

Theatre properties and equipment

   $  24,098  

Tradename

     10,032  

Favorable leases

     3,919  

Other intangible assets

     884  

Goodwill

     43,018  

Long-term debt

     (5,993 ) 

Deferred tax liability

     (7,240 ) 

Other liabilities, net of other assets

     (1,760 ) 
   

 

 

  

Total

   $ 66,958