GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| GOODWILL AND OTHER INTANGIBLE ASSETS |
|
| Schedule of activity of goodwill |
|
(In thousands)
|
|
Total
|
|
|
Balance as of December 31, 2013
|
|
$
|
2,291,943
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2014
|
|
|
2,291,943
|
|
|
|
|
|
|
|
|
Acquisition of Starplex Cinemas
|
|
|
116,891
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2015
|
|
$
|
2,408,834
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of detail of other intangible assets |
|
|
|
|
|
December 31, 2015
|
|
December 31, 2014
|
|
|
(In thousands)
|
|
Remaining
Useful Life
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
|
Amortizable Intangible Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Favorable leases
|
|
3 to 43 years
|
|
$
|
122,831
|
|
$
|
(20,592
|
)
|
$
|
112,251
|
|
$
|
(13,781
|
)
|
|
Management contracts
|
|
2 to 5 years
|
|
|
4,540
|
|
|
(2,399
|
)
|
|
4,540
|
|
|
(1,676
|
)
|
|
Non-compete agreement
|
|
5 year
|
|
|
2,300
|
|
|
—
|
|
|
3,800
|
|
|
(2,951
|
)
|
|
NCM tax receivable agreement
|
|
21 years
|
|
|
20,900
|
|
|
(2,804
|
)
|
|
20,900
|
|
|
(1,968
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total, amortizable
|
|
|
|
$
|
150,571
|
|
$
|
(25,795
|
)
|
$
|
141,491
|
|
$
|
(20,376
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamortized Intangible Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AMC trademark
|
|
|
|
$
|
104,400
|
|
|
|
|
$
|
104,400
|
|
|
|
|
|
Starplex trade name
|
|
|
|
|
8,200
|
|
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total, unamortizable
|
|
|
|
$
|
112,600
|
|
|
|
|
$
|
104,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of amortization expense associated with the intangible assets |
|
(In thousands)
|
|
12 Months
Ended
December 31,
2015
|
|
12 Months
Ended
December 31,
2014
|
|
12 Months
Ended
December 31,
2013
|
|
|
Recorded amortization
|
|
$
|
8,380
|
|
$
|
8,804
|
|
$
|
9,011
|
|
|
| Schedule of estimated annual amortization for the next five fiscal years for intangible assets |
|
(In thousands)
|
|
2016
|
|
2017
|
|
2018
|
|
2019
|
|
2020
|
|
|
Projected annual amortization
|
|
$
|
8,738
|
|
$
|
8,621
|
|
$
|
8,352
|
|
$
|
7,177
|
|
$
|
7,000
|
|
|
| Schedule of additional information for starplex cinemas intangible assets acquired |
|
(In thousands)
|
|
Weighted Average
Amortization Period
|
|
Gross
Carrying Amount
|
|
|
Acquired Intangible Assets:
|
|
|
|
|
|
|
|
Amortizable Intangible Assets:
|
|
|
|
|
|
|
|
Favorable leases
|
|
18 years
|
|
$
|
10,580
|
|
|
Non-compete agreement
|
|
5 years
|
|
|
2,300
|
|
|
|
|
|
|
|
|
|
|
Total, amortizable
|
|
15.7 years
|
|
$
|
12,880
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamortizable Intangible Assets:
|
|
|
|
|
|
|
|
Starplex Cinemas trade name
|
|
|
|
$
|
8,200
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|