v2.4.0.6

THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS | 3 Months Ended
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Jun. 28, 2012
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS |
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS |
NOTE 6—THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS A rollforward of reserves for theatre and other closure is as follows:
|  | Thirteen Weeks Ended |
--- | --- | --- | ---
(In thousands) |  | June 28, 2012 |  | June 30, 2011 |
Beginning balance |  | $ | 65,471 |  | $ | 73,852 |
Theatre and other closure expense |  |  | 3,427 |  |  | 2,544 |
Transfer of lease liability |  |  | (888 | ) |  | — |
Foreign currency translation adjustment |  |  | (762 | ) |  | 169 |
Cash payments |  |  | (4,002 | ) |  | (4,058 | )
Ending balance |  | $ | 63,246 |  | $ | 72,507 |
During the thirteen weeks ended June 28, 2012, the Company recognized $3,427,000 of theatre and other closure expense primarily related to the early termination of a lease agreement and accretion on previously closed properties with remaining lease obligations. Theatre and other closure reserves for leases that have not been terminated are recorded at the present value of the future contractual commitments for the base rents, taxes and maintenance.

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- Definition The entire disclosure for theatre and other closure and disposition of assets primarily related to payments made or received or expected to be made or received to or from landlords to terminate leases on certain of our closed theatres, other vacant space and theatres where development has been discontinued. + References No definition available. + Details
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