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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2012
Estimated useful life of assets | Depreciation is provided using the straight-line method over the estimated useful lives of the assets as follows:
Category |  | Useful Life
Buildings on owned land |  | 40 years
Buildings on leased land |  | Lesser of lease term or useful life
Land and buildings under capital lease |  | Lesser of lease term or useful life
Theatre furniture and equipment |  | 5 to 15 years
Leasehold improvements |  | Lesser of lease term or useful life
Amortization method used for Intangible assets | The table below summarizes the Company’s intangible assets and the amortization method used for each type of intangible asset:
Intangible Asset |  | Amortization Method
Goodwill |  | Indefinite-lived
Tradename |  | Indefinite-lived
Vendor contracts |  | Straight-line method over the terms of the underlying contracts. The remaining terms of the underlying contracts range from 1 to 10 years.
Favorable/unfavorable leases |  | Based on the pattern in which the economic benefits are realized over the terms of the lease agreements. The remaining terms of the lease agreements range from 1 to 24 years.
Other intangible assets |  | Straight-line method over the terms of the underlying agreement or the expected useful life of the intangible asset. The remaining useful lives of these intangible assets range from 1 to 8 years.

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