v2.4.0.8
DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2013
Discontinued operations  
Schedule of calculation of the gain on sale and closure of theatres and components of amounts reflected as (earnings) loss from discontinued operations in the Company's Consolidated Statements of Operations

 


 Calendar 2013 Transition Period Fiscal 2012
(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)

Revenues

Admissions

 $ — $ — $ 16,389 $ 56,172

Food and beverage

 — — 6,099 20,192

Other theatre

 — — 548 2,253
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total revenues

 — — 23,036 78,617
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating costs and expenses

Film exhibition costs

 — — 8,706 28,958

Food and beverage costs

 — 66 1,252 3,655

Operating expense

 — 439 15,592 24,643

Rent

 — — 7,322 23,497

General and administrative costs

 — 221 511 248

Depreciation and amortization

 — — 263 1,212

(Gain) loss on disposition

 (2,126 ) (37 ) (46,951 ) 25
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating costs and expenses

 (2,126 ) 689 (13,305 ) 82,238
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income (loss)

 2,126 (689 ) 36,341 (3,621 )

Investment income

 — (1 ) (12 ) (12 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other expense (income)

 — (1 ) (12 ) (12 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings (loss) before income taxes

 2,126 (688 ) 36,353 (3,609 )

Income tax provision

 830 — 1,200 —
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net earnings (loss)

 $ 1,296 $ (688 ) $ 35,153 $ (3,609 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Seven Canada theatres and one United Kingdom theatre
  
Discontinued operations  
Schedule of calculation of the gain on sale and closure of theatres and components of amounts reflected as (earnings) loss from discontinued operations in the Company's Consolidated Statements of Operations

 

(In thousands)
Total

(Predecessor)

Proceeds from sale of UK theatre

 $ 395

Proceeds from sale of Canada theatres

 1,472

Cash payment for closure of Canada theatre

 (7,562 )
​ ​ ​ ​ ​

Net cash payment

 $ (5,695 )

Fixed asset write-offs

 (1,885 )

Recognition of cumulative translation losses in AOCI(1)

 (11,069 )

Legal and professional fees

 (1,582 )

Operating Lease Liabilities:

Deferred rent write-off

 14,848

Unfavorable lease write-off

 31,099

Deferred gain write-off

 13,666
​ ​ ​ ​ ​

Gain on sale, net of lease termination expense

 $ 39,382
​ ​ ​ ​ ​
​ ​ ​ ​ ​
(1)
Included in Consolidated Statements of Comprehensive Income (Loss) as follows:

(In thousands)
  March 30, 2012
through
August 30, 2012		  
 
   (Predecessor)
  

Foreign currency translation adjustment:

        

Foreign currency translation adjustment, net of tax

   $ 866  

Reclassification adjustment for foreign currency translation loss included in discontinued operations, net of tax

     11,069  
       
​ ​ ​ ​ ​

Total foreign currency translation adjustment, net of tax

   $ 11,935  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​