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Theatre Assets Held for Sale | 6 Months Ended
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Jun. 30, 2023
Property, Plant and Equipment, Net [Abstract] |
Theatre Assets Held for Sale | 6. Theatre Assets Held for Sale During December 2022, the Company entered into a purchase and sale agreement for the sale of the stock of its Ecuador subsidiary. The transaction is expected to close during 2023, pending customary antitrust and regulatory approvals. See Note 19 for discussion of subsequent event related to this transaction. At June 30, 2023 and December 31, 2022, the assets and liabilities of the Ecuador subsidiary qualified as held for sale upon satisfaction of the criteria set forth in ASC 360-10-45-9 (205-20-45-1E), Property, Plant, and Equipment. The sale of the Ecuador subsidiary does not qualify as discontinued operations since it does not represent a strategic shift in the Company’s operations that will have a major effect on its results and operations. The following table presents the carrying value of Ecuador’s significant assets and liabilities as of the periods presented:
| June 30, |  |  | December 31, |
| 2023 |  |  | 2022 |
Theatre property and equipment, net | $ | 5.5 |  |  | $ | 5.4 |
Operating lease right-of-use asset, net |  | 3.4 |  |  |  | 2.9 |
Goodwill |  | 4.2 |  |  |  | 4.2 |
Total assets | $ | 17.1 |  |  | $ | 15.3 |
Total liabilities | $ | 8.9 |  |  | $ | 8.5 |
The table below summarizes total revenue and operating income for the Ecuador subsidiary for the periods presented:
| Three Months Ended June 30, 2023 |  |  | Six Months Ended June 30, 2023 |
Total revenue | $ | 6.1 |  |  | $ | 9.6 |
Operating income | $ | 1.6 |  |  | $ | 1.5 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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