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IMPAIRMENT OF LONG-LIVED AND OTHER ASSETS | 12 Months Ended
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Dec. 31, 2021
Impairment or Disposal of Tangible Assets Disclosure [Abstract] |
IMPAIRMENT OF LONG-LIVED AND OTHER ASSETS | 11. IMPAIRMENT OF LONG-LIVED AND OTHER ASSETS The Company reviews for impairment indicators related to its long-lived assets on a quarterly basis and goodwill on an annual basis or whenever events or changes in circumstances indicate the carrying amount of those assets may not be fully recoverable. Due to the continuing impacts of the COVID-19 pandemic (see Note 3), the Company performed asset impairment evaluations during each quarter during the year ended December 31, 2021. The following table is a summary of the evaluations performed for each quarter by asset classification.
| Asset |  | Impairment |  | Valuation |  | Valuation
| Category |  | Test |  | Approach |  | Multiple
First and second quarters |  |  |  |  |  |
| Goodwill |  | Qualitative |  | N/A |  | N/A
| Tradename intangible assets |  | Qualitative |  | N/A |  | N/A
| Other long-lived assets |  | Qualitative |  | N/A |  | N/A
Third quarter |  |  |  |  |  |
| Goodwill |  | Qualitative |  | N/A |  | N/A
| Tradename intangible assets |  | Qualitative |  | N/A |  | N/A
| Other long-lived assets |  | Quantitative |  | Market |  | 3.1 to 6 times
Fourth quarter |  |  |  |  |  |
| Goodwill |  | Quantitative |  | Market |  | 3.7 to 7 times
| Tradename intangible assets |  | Quantitative |  | Income |  | N/A
| Other long-lived assets |  | Quantitative |  | Market |  | 3.7 to 6 times
See Note 1 for a discussion of the Company’s impairment policy and a description of qualitative and quantitative impairment assessments. The Company’s impairment charges were as follows for the periods indicated:
|  | Year Ended
|  | December 31,
|  | 2019 |  | 2020 |  | 2021
U.S. segment |  |  |  |  |  |
Theatre properties |  | $36,005 |  | $12,398 |  | $6,371
Theatre operating lease right-of-use assets |  | 10,457 |  | 13,216 |  | 6,804
Investment in NCM (1) |  | — |  | 92,655 |  | —
Cost method investment |  | — |  | 2,500 |  | —
U.S. total |  | 46,462 |  | 120,769 |  | 13,175
International segment |  |  |  |  |  |
Theatre properties |  | 8,821 |  | 9,951 |  | 4,002
Theatre operating lease right-of-use assets |  | 1,718 |  | 5,025 |  | 3,210
Goodwill |  | — |  | 16,128 |  | —
Intangible assets, net |  | — |  | 833 |  | 458
International total |  | 10,539 |  | 31,937 |  | 7,670
Total impairment |  | $57,001 |  | $152,706 |  | $20,845
(1) See Note 8 for discussion of investment in NCM. For the year ended December 31, 2019, the long-lived asset impairment charges recorded during each of the periods presented were for certain new concept theatres being developed and tested by the Company and other theatres that were individually impacted by increased competition, adverse changes in market demographics, or adverse changes in the development or the conditions of the areas surrounding the theatre. For the years ended December 31, 2020 and 2021, impairment charges were primarily due to the prolonged impact of the COVID-19 pandemic, as discussed in Note 3. Additionally, impairment charges recorded for the year ended December 31, 2021 reflected the continued uncertainty of industry recovery levels and the impact on estimated cash flows for specific assets.

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- Definition The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported. + References No definition available. + Details
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