|
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| GOODWILL AND OTHER INTANGIBLE ASSETS |
|
| Schedule of activity of goodwill |
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|
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|
(In thousands) |
|
Total |
|
|
|
(Successor)
|
|
|
Balance as a result of Merger on August 30, 2012 |
|
$ |
2,172,272 |
|
|
Increase in Goodwill from the acquisition of Rave theatres |
|
|
79,024 |
|
|
|
|
|
| |
|
|
|
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|
Balance as of December 31, 2012 |
|
|
2,251,296 |
|
|
|
|
|
| |
|
|
|
|
|
Increase in Goodwill from purchase price allocation adjustments related to the Merger |
|
|
31,951 |
|
|
Increase in Goodwill from purchase price allocation adjustments related to the Rave acquisition |
|
|
8,696 |
|
|
|
|
|
| |
|
|
|
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|
Balance as of December 31, 2013 |
|
$ |
2,291,943 |
|
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| |
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| Schedule of detail of other intangible assets |
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|
December 31, 2013
(Successor) |
|
December 31, 2012
(Successor) |
|
|
(In thousands) |
|
Remaining
Useful Life |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
|
Amortizable Intangible Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Favorable leases |
|
1 to 45 years |
|
$ |
112,496 |
|
$ |
(8,053 |
) |
$ |
112,496 |
|
$ |
(2,158 |
) |
|
Management contracts |
|
1 to 7 years |
|
|
4,690 |
|
|
(1,103 |
) |
|
4,690 |
|
|
(278 |
) |
|
Non-compete agreement |
|
2 years |
|
|
3,800 |
|
|
(1,678 |
) |
|
3,800 |
|
|
(404 |
) |
|
NCM tax receivable agreement |
|
23 years |
|
|
20,900 |
|
|
(1,133 |
) |
|
20,900 |
|
|
(266 |
) |
|
|
|
|
|
|
|
|
|
|
|
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| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total, amortizable |
|
|
|
$ |
141,886 |
|
$ |
(11,967 |
) |
$ |
141,886 |
|
$ |
(3,106 |
) |
|
|
|
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Unamortized Intangible Assets: |
|
|
|
|
|
|
|
|
|
|
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|
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|
AMC trademark |
|
|
|
$ |
104,400 |
|
|
|
|
$ |
104,400 |
|
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| |
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|
Total, unamortizable |
|
|
|
$ |
104,400 |
|
|
|
|
$ |
104,400 |
|
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| Schedule of amortization expense associated with the intangible assets |
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|
(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 |
|
|
|
(Successor)
|
|
(Successor)
|
|
|
|
(Predecessor)
|
|
(Predecessor)
|
|
|
Recorded amortization |
|
$ |
9,011 |
|
$ |
3,106 |
|
|
|
$ |
5,016 |
|
$ |
14,469 |
|
|
| Schedule of estimated annual amortization for the next five fiscal years for intangible assets |
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|
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|
(In thousands) |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
|
2018 |
|
|
Projected annual amortization |
|
$ |
8,783 |
|
$ |
8,372 |
|
$ |
7,516 |
|
$ |
7,401 |
|
$ |
7,132 |
|
|