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SUBSEQUENT EVENT | 12 Months Ended
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Dec. 31, 2012
Dividend Declared |
SUBSEQUENT EVENT |
27. | SUBSEQUENT EVENT — DIVIDEND DECLARATION
On February 12, 2013, the Company’s board of directors declared a cash dividend for the fourth quarter of 2012 of $0.21 per share of common stock payable to stockholders of record on March 4, 2013. The dividend will be paid on March 15, 2013.
Sale of Mexican Subsidiaries |
SUBSEQUENT EVENT |
28. | SUBSEQUENT EVENT — DISPOSITION OF MEXICAN SUBSIDIARIES
During February 2013, the Company entered into a stock purchase agreement with Grupo Cinemex, S.A. De C.V. pursuant to which the Company will sell its Mexican subsidiaries, which consist of 31 theatres and 290 screens. The sales price, which will be paid in Mexican pesos and is subject to certain closing date adjustments, will be approximately $125,000, based on the exchange rate on the date of this report. The transaction, which is subject to review by the Mexican Federal Competition Commission, is expected to close during the second half of 2013. Total revenues for the Company’s Mexican subsidiaries for the years ended December 31, 2010, 2011 and 2012 were $70,859, $74,448 and $75,333, respectively.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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