NOTE 7—THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS

A rollforward of reserves for theatre and other closure and disposition of assets is as follows:

	Three Months Ended

(In thousands)	March 31, 2014			March 31, 2013
Beginning balance	$	55,163		$	61,344
Theatre and other closure expense		1,365			1,438
Transfer of assets and liabilities		9			—
Foreign currency translation adjustment		(247	)		(1,087	)
Cash payments		(2,673	)		(2,832	)


Ending balance	$	53,617		$	58,863

The current portion of the ending balance is included with accrued expenses and other liabilities and the long-term portion of the ending balance is included with other long-term liabilities in the accompanying Consolidated Balance Sheets. 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.

The Company recognized theatre and other closure expense of $1,365,000 and $1,438,000, during the three months ended March 31, 2014 and March 31, 2013, respectively. Theatre and other closure expense was primarily due to accretion on previously closed properties with remaining lease obligations.