XML 45 R20.htm IDEA: XBRL DOCUMENT
v3.24.0.1

THEATRE PROPERTIES AND EQUIPMENT | 12 Months Ended
--- | ---
Dec. 31, 2023
Property, Plant and Equipment, Net [Abstract] |
THEATRE PROPERTIES AND EQUIPMENT | 8. THEATRE PROPERTIES AND EQUIPMENT Properties and equipment consisted of the following as of the periods presented:
|  |  | December 31, |
|  |  | 2022 |  |  | 2023 |
Theatre properties and equipment |  |  |  |  |  |  |
Land |  |  | $ | 99.7 |  |  | $ | 97.8 |
Buildings |  |  |  | 528.9 |  |  |  | 530.6 |
Property under finance lease |  |  |  | 130.3 |  |  |  | 129.6 |
Theatre furniture and equipment |  |  |  | 1,429.5 |  |  |  | 1,432.8 |
Leasehold interests and improvements |  |  |  | 1,206.9 |  |  |  | 1,300.2 |
Total |  |  |  | 3,395.3 |  |  |  | 3,491.0 |
Less: accumulated depreciation and amortization (1) |  |  |  | (2,163.2 | ) |  |  | (2,329.3 | )
Theatre properties and equipment, net |  |  | $ | 1,232.1 |  |  | $ | 1,161.7 |
(1) Amortization of finance lease assets is included in depreciation and amortization expense on the consolidated statements of income (loss). Accumulated amortization of finance lease assets as of December 31, 2022 and 2023 was $62.5 and $73.9, respectively. Sale of Subsidiary During December 2022, the Company entered into a purchase and sale agreement for the sale of the stock of its Ecuador subsidiary. The Company completed the sale in September 2023 and recognized a gain of $6.9, which is reflected in “Loss (gain) on disposal of assets and other” in the Company’s consolidated statement of income for the year ended December 31, 2023. T he sale of the Ecuador subsidiary did not qualify as discontinued operations since it did 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:
| December 31, |
| 2022 |  |  | 2023 |
Theatre property and equipment, net | $ | 5.4 |  |  | $ | — |
Operating lease right-of-use asset, net |  | 2.9 |  |  |  | — |
Goodwill |  | 4.2 |  |  |  | — |
Total assets | $ | 15.3 |  |  | $ | — |
Total liabilities | $ | 8.5 |  |  | $ | — |
The table below summarizes total revenue and operating income for the Ecuador subsidiary for the periods presented:
| Year Ended December 31, |
| 2022 |  |  | 2023 |
Total revenue | $ | 13.3 |  |  | $ | 13.5 |
Operating (loss) income | $ | (1.2 | ) |  | $ | 2.0 |

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration