v2.4.0.8

LEASES | 12 Months Ended
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Dec. 31, 2013
LEASES |
LEASES | NOTE 12—LEASES The following table sets forth the future minimum rental payments, by calendar year, required under existing operating leases and digital projector equipment leases payable to DCIP that have initial or remaining non-cancelable terms in excess of one year as of December 31, 2013:
(In thousands) |  | Minimum operating lease payments |
--- | --- | --- | ---
2014 |  | $ | 428,108 |
2015 |  |  | 435,906 |
2016 |  |  | 420,230 |
2017 |  |  | 403,552 |
2018 |  |  | 360,704 |
Thereafter |  |  | 1,606,326 |
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Total minimum payments required |  | $ | 3,654,826 |
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As of December 31, 2013, the Company has lease agreements for four theatres with 41 screens which are under construction or development and are expected to open in 2014. Included in other long-term liabilities as of December 31, 2013 and December 31, 2012 is $55,272,000 and $10,318,000, respectively, of deferred rent representing future minimum rental payments for leases with scheduled rent increases, and $194,233,000 and $211,329,000, respectively, for unfavorable lease liabilities. Rent expense is summarized as follows:
(In thousands) |  | 12 Months Ended December 31, 2013 |  | From Inception August 31, 2012 through December 31, 2012 |  |  |  | March 30, 2012 through August 30, 2012 |  | 52 Weeks Ended March 29, 2012 |
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|  | (Successor) |  | (Successor) |  |  |  | (Predecessor) |  | (Predecessor) |
Minimum rentals |  | $ | 394,937 |  | $ | 126,529 |  |  |  | $ | 166,220 |  | $ | 394,742 |
Common area expenses |  |  | 44,198 |  |  | 12,968 |  |  |  |  | 17,591 |  |  | 40,918 |
Percentage rentals based on revenues |  |  | 12,693 |  |  | 3,877 |  |  |  |  | 5,275 |  |  | 9,666 |
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Rent |  |  | 451,828 |  |  | 143,374 |  |  |  |  | 189,086 |  |  | 445,326 |
General and administrative and other |  |  | 13,393 |  |  | 3,940 |  |  |  |  | 4,207 |  |  | 8,747 |
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Total |  | $ | 465,221 |  | $ | 147,314 |  |  |  | $ | 193,293 |  | $ | 454,073 |
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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12069-110248 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6452660&loc=d3e36991-112694 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41499-112717 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=6584154&loc=d3e38371-112697 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717 + Details
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