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INVESTMENT IN NATIONAL CINEMEDIA LLC (Tables) | 12 Months Ended
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Dec. 31, 2020
Aggregate Amount of Transaction Price Allocated To Performance Obligation That Are Unsatisfied And Expected To Be Recognized | The table below summarizes the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied as of December 31, 2020 and when the Company expects to recognize this revenue.
|  | Twelve Months Ended December 31, |  |  |  |  |  |  |  |  |
Remaining Performance Obligations |  | 2021 |  |  | 2022 |  |  | 2023 |  | 2024 |  |  | 2025 |  |  | Thereafter |  |  | Total |
Deferred revenue - other |  | $ | 124,326 |  |  |  | 14,504 |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  | $ | 138,830 |
NCM Screen Advertising Advances |
Aggregate Amount of Transaction Price Allocated To Performance Obligation That Are Unsatisfied And Expected To Be Recognized | The recognition of revenue related to the deferred revenue or NCM screen advertising advances will continue to be recorded on a straight-line basis over the new term of the amended ESA through February 2041.
|  | Twelve Months Ended December 31, |  |  |  |  |  |  |  |  |
Remaining Maturity |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | Thereafter |  |  | Total |
NCM screen advertising advances (1) |  | $ | 8,268 |  |  |  | 8,840 |  |  |  | 9,452 |  |  |  | 10,108 |  |  |  | 10,811 |  |  |  | 296,776 |  |  | $ | 344,255 |
NCM |
Summary of Activity With Equity Investee Included in the Company's Consolidated Financial Statements | Summary of Activity with NCM Below is a summary of activity with NCM included in the Company’s consolidated financial statements for the periods indicated. See Note 5 for discussion of revenue recognition.
|  | Investment in NCM |  |  | NCM Screen Advertising Advances |  |  | Distributions from NCM |  |  | Equity in (Earnings) Loss |  |  | Other Revenue |  |  | Interest Expense - NCM (3) |  |  | Cash Received |
Balance as of January 1, 2018 |  | $ | 200,550 |  |  | $ | (351,706 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impact of adoption of ASC Topic 606 (2) |  |  | — |  |  |  | (9,288 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Receipt of common units due to annual common unit adjustment |  |  | 5,012 |  |  |  | (5,012 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Purchase of additional common units |  |  | 78,393 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Revenues earned under ESA (1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (31,867 | ) |  |  | 19,724 |  |  |  | 12,143 |
Receipt of excess cash distributions |  |  | (19,786 | ) |  |  | — |  |  |  | (13,231 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 33,017 |
Receipt under tax receivable agreement |  |  | (2,419 | ) |  |  | — |  |  |  | (2,158 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,577 |
Equity in earnings |  |  | 13,842 |  |  |  | — |  |  |  | — |  |  |  | (13,842 | ) |  |  | — |  |  |  | — |  |  |  | — |
Amortization of screen advertising advances |  |  | — |  |  |  | 15,764 |  |  |  | — |  |  |  | — |  |  |  | (15,764 | ) |  |  | — |  |  |  | — |
Balance as of and for the twelve months ended December 31, 2018 |  | $ | 275,592 |  |  | $ | (350,242 | ) |  | $ | (15,389 | ) |  | $ | (13,842 | ) |  | $ | (47,631 | ) |  | $ | 19,724.00 |  |  | $ | 49,737 |
Receipt of common units due to annual common unit adjustment |  |  | 1,552 |  |  |  | (1,552 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Revenues earned under ESA (1) (3) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (13,782 | ) |  |  | — |  |  |  | 13,782 |
Interest accrued related to significant financing component (2) |  |  | — |  |  |  | (28,624 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 28,624 |  |  |  | — |
Receipt of excess cash distributions |  |  | (23,452 | ) |  |  | — |  |  |  | (11,631 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 35,083 |
Receipt under tax receivable agreement |  |  | (2,492 | ) |  |  | — |  |  |  | (1,242 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,734 |
Equity in earnings |  |  | 14,592 |  |  |  | — |  |  |  | — |  |  |  | (14,592 | ) |  |  | — |  |  |  | — |  |  |  | — |
Amortization of screen advertising advances |  |  | — |  |  |  | 32,064 |  |  |  | — |  |  |  | — |  |  |  | (32,064 | ) |  |  | — |  |  |  | — |
Balance as of and for the twelve months ended December 31, 2019 |  | $ | 265,792 |  |  | $ | (348,354 | ) |  | $ | (12,873 | ) |  | $ | (14,592 | ) |  | $ | (45,846 | ) |  | $ | 28,624 |  |  | $ | 52,599 |
Receipt of common units due to annual common unit adjustment |  |  | 3,620 |  |  |  | (3,620 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Revenues earned under ESA (1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,689 | ) |  |  | — |  |  |  | 4,689 |
Interest accrued related to significant financing component (2) |  |  | — |  |  |  | (23,595 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 23,595 |  |  |  | — |
Receipt of excess cash distributions |  |  | (12,022 | ) |  |  | — |  |  |  | (5,914 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17,936 |
Receipt under tax receivable agreement |  |  | (2,146 | ) |  |  | — |  |  |  | (1,061 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,207 |
Equity in loss |  |  | (10,627 | ) |  |  | — |  |  |  | — |  |  |  | 10,627 |  |  |  | — |  |  |  | — |  |  |  | — |
Impairment of investment in NCM (4) |  |  | (92,655 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of screen advertising advances |  |  | — |  |  |  | 31,314 |  |  |  | — |  |  |  | — |  |  |  | (31,314 | ) |  |  | — |  |  |  | — |
Balance as of and for the twelve months ended December 31, 2020 |  | $ | 151,962 |  |  | $ | (344,255 | ) |  | $ | (6,975 | ) |  | $ | 10,627 |  |  | $ | (36,003 | ) |  | $ | 23,595 |  |  | $ | 25,832 |
(1) | Amounts include the per patron and per digital screen theatre access fees due to the Company, net of amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire. The amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire were approximately $11,965, $11,478 and $2,605 for the years ended December 31, 2018, 2019 and 2020, respectively.
(2) | As a result of adoption of ASC Topic 606, the Company determined that the deferred revenue associated with the ESA and CUA agreement should be amortized on a straight-line basis versus the units of revenue method followed prior to adoption. In addition, the Company determined that a significant financing component existed for the ESA.
(3) | Approximately $4,828 represents screen rental revenues earned under the amendment to the ESA. See Note 5.
(4) | Recorded in impairment of long-lived and other assets on the consolidated income statement for the year ended December 31, 2020. See further discussion below.
Summary of Common Units Received Under Common Unit Adjustment Agreement | Below is a summary of common units received by the Company under the Common Unit Adjustment (“CUA”) Agreement during the years ended December 31, 2018, 2019 and 2020:
Event |  | Date Common Units Received |  | Number of Common Units Received |  |  | Fair Value of Common Units Received |
2018 annual common unit adjustment |  | 3/29/2018 |  |  | 908,042 |  |  | $ | 5,012 |
2019 annual common unit adjustment |  | 3/31/2019 |  |  | 219,056 |  |  | $ | 1,552 |
2020 annual common unit adjustment |  | 3/31/2020 |  |  | 1,112,368 |  |  | $ | 3,620 |
Summary Financial Information | The tables below present summary financial information for NCM for the periods indicated:
|  | Year Ended |  |  | Year Ended |  |  | Year Ended |
|  | December 27, 2018 |  |  | December 26, 2019 |  |  | December 31, 2020 |
Revenues |  | $ | 441,400 |  |  | $ | 444,800 |  |  | $ | 89,887 |
Operating income (loss) |  | $ | 154,300 |  |  | $ | 155,700 |  |  | $ | (59,671 | )
Net income (loss) |  | $ | 98,400 |  |  | $ | 98,800 |  |  | $ | (115,753 | )
|  | As of |  |  | As of |
|  | December 26, 2019 |  |  | December 31, 2020 |
Current assets |  | $ | 185,400 |  |  | $ | 142,566 |
Noncurrent assets |  | $ | 706,600 |  |  | $ | 685,643 |
Current liabilities |  | $ | 125,500 |  |  | $ | 46,872 |
Noncurrent liabilities |  | $ | 947,800 |  |  | $ | 1,072,207 |
Members' deficit |  | $ | (181,300 | ) |  | $ | (290,870 | )

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