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Long-Term Debt Schedule of Long-term Debt Instruments (Details)
0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Mar. 03, 2011
USD ($)
Dec. 31, 2011
USD ($)
Dec. 31, 2010
USD ($)
Dec. 31, 2009
USD ($)
Dec. 31, 2011
Segment, Continuing Operations [Member]
USD ($)
Dec. 31, 2010
Segment, Continuing Operations [Member]
USD ($)
Dec. 31, 2009
Segment, Continuing Operations [Member]
USD ($)
Dec. 31, 2011
Segment, Discontinued Operations [Member]
USD ($)
Dec. 31, 2010
Segment, Discontinued Operations [Member]
USD ($)
Dec. 31, 2009
Segment, Discontinued Operations [Member]
USD ($)
Dec. 31, 2011
Capital lease obligations [Member]
Capital Lease Obligation, 2.60 Percent, Paid in Full on December 7, 2011[Member]
USD ($)
Dec. 31, 2010
Capital lease obligations [Member]
Capital Lease Obligation, 2.60 Percent, Paid in Full on December 7, 2011[Member]
USD ($)
Dec. 07, 2011
Capital lease obligations [Member]
Capital Lease Obligation, 2.60 Percent, Paid in Full on December 7, 2011[Member]
Concord Property, Ground Lease [Member]
USD ($)
Jun. 18, 2010
Capital lease obligations [Member]
Capital Lease Obligation, 2.60 Percent, Paid in Full on December 7, 2011[Member]
Concord Property, Ground Lease [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.57 - 6.73 Percent, Due October 1, 2012 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.57 - 6.73 Percent, Due October 1, 2012 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.57 - 6.73 Percent, Due October 1, 2012 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 6.63 Percent, Due November 1, 2012 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Note Payable, 6.63 Percent, Due November 1, 2012 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 6.63 Percent, Due November 1, 2012 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 4.26 - 9.01 Percent, Due February 10, 2013 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Notes Payable, 4.26 - 9.01 Percent, Due February 10, 2013 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 4.26 - 9.01 Percent, Due February 10, 2013 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 4.26 - 9.01 Percent, Due February 10, 2013 [Member]
Entertainment Retail Center Properties [Member]
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 6.84 Percent, Due March 1, 2014 [Member]
CAD
years
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 6.84 Percent, Due March 1, 2014 [Member]
USD ($)
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Note Payable, 6.84 Percent, Due March 1, 2014 [Member]
USD ($)
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Note Payable, 6.84 Percent, Due March 1, 2014 [Member]
CAD
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 6.84 Percent, Due March 1, 2014 [Member]
Entertainment Retail Center Properties [Member]
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 5.58 Percent, Due April 1,2014 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Note Payable, 5.58 Percent, Due April 1,2014 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 5.58 Percent, Due April 1,2014 [Member]
Entertainment Retail Center Properties [Member]
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 5.50 Percent [Member]
USD ($)
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Note Payable, 5.50 Percent [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 5.50 Percent [Member]
Entertainment Retail Center Properties [Member]
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 5.56 Percent Due June 5, 2015 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Note Payable, 5.56 Percent Due June 5, 2015 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 5.56 Percent Due June 5, 2015 [Member]
Entertainment Retail Center Properties [Member]
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.77 Percent, Due November 6, 2015 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.77 Percent, Due November 6, 2015 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.77 Percent, Due November 6, 2015 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.84 Percent, Due March 6, 2016 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.84 Percent, Due March 6, 2016 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.84 Percent, Due March 6, 2016 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.37 Percent, Due June 30, 2016 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.37 Percent, Due June 30, 2016 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.37 Percent, Due June 30, 2016 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.10 Percent, Due October 1, 2016 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.10 Percent, Due October 1, 2016 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.10 Percent, Due October 1, 2016 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.02 Percent, Due October 6, 2016 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.02 Percent, Due October 6, 2016 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 6.02 Percent, Due October 6, 2016 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 6.06 Percent, Due March 1, 2017 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Note Payable, 6.06 Percent, Due March 1, 2017 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 6.06 Percent, Due March 1, 2017 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 6.07 Percent, Due April 6, 2017 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Note Payable, 6.07 Percent, Due April 6, 2017 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 6.07 Percent, Due April 6, 2017 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.73 - 5.95 Percent, Due May 1, 2017 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.73 - 5.95 Percent, Due May 1, 2017 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.73 - 5.95 Percent, Due May 1, 2017 [Member]
Theatre Properties Member
properties
Mar. 03, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 5.29 Percent, Due July 1, 2017 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 5.29 Percent, Due July 1, 2017 [Member]
USD ($)
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Note Payable, 5.29 Percent, Due July 1, 2017 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 5.29 Percent, Due July 1, 2017 [Member]
Theatre Properties Member
years
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.68 Percent, Due August 1, 2017 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.68 Percent, Due August 1, 2017 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Notes Payable, 5.68 Percent, Due August 1, 2017 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 6.19 Percent, Due February 1, 2018 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Note Payable, 6.19 Percent, Due February 1, 2018 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 6.19 Percent, Due February 1, 2018 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 7.37 Percent, Due July 15, 2018 [Member]
USD ($)
years
Dec. 31, 2010
Mortgage notes payable [Member]
Mortgage Note Payable, 7.37 Percent, Due July 15, 2018 [Member]
USD ($)
Dec. 31, 2011
Mortgage notes payable [Member]
Mortgage Note Payable, 7.37 Percent, Due July 15, 2018 [Member]
Theatre Properties Member
properties
Dec. 31, 2011
Term loans [Member]
Term Loans Payable [Member]
USD ($)
Feb. 07, 2011
Term loans [Member]
Term Loans Payable [Member]
loans
Dec. 31, 2010
Term loans [Member]
Term Loans Payable [Member]
USD ($)
Feb. 07, 2011
Term loans [Member]
Term Loans Payable [Member]
Vineyard And Winery Facility Member
USD ($)
Dec. 31, 2011
Unsecured revolving variable rate credit facility [Member]
Unsecured Revolving Variable Rate Credit Facility, Variable Rate, Due October 13, 2015 [Member]
USD ($)
years
Oct. 13, 2011
Unsecured revolving variable rate credit facility [Member]
Unsecured Revolving Variable Rate Credit Facility, Variable Rate, Due October 13, 2015 [Member]
USD ($)
Dec. 31, 2010
Unsecured revolving variable rate credit facility [Member]
Unsecured Revolving Variable Rate Credit Facility, Variable Rate, Due October 13, 2015 [Member]
USD ($)
Dec. 31, 2011
Senior unsecured notes payable [Member]
Senoir Unsecured Notes Payable, 7.75 Percent, Due July 15, 2020 [Member]
USD ($)
Dec. 31, 2010
Senior unsecured notes payable [Member]
Senoir Unsecured Notes Payable, 7.75 Percent, Due July 15, 2020 [Member]
USD ($)
Jun. 30, 2010
Senior unsecured notes payable [Member]
Senoir Unsecured Notes Payable, 7.75 Percent, Due July 15, 2020 [Member]
USD ($)
Dec. 31, 2011
Bond payable, variable rate [Member]
Bond Payable, Variable Rate, Due October 1,2037 [Member]
USD ($)
Dec. 31, 2010
Bond payable, variable rate [Member]
Bond Payable, Variable Rate, Due October 1,2037 [Member]
USD ($)
Dec. 31, 2011
Bond payable, variable rate [Member]
Bond Payable, Variable Rate, Due October 1,2037 [Member]
Theatre Properties Member
properties
Debt Instrument [Line Items]                                                                                                                                                                                
Capital lease obligations                           $ 9,200,000                                                                                                                                                    
Exercised option to purchase property                         8,900,000                                                                                                                                                      
Gain on settlement of capital lease obligation                         390,000                                                                                                                                                      
Number of properties securing debt                                 2     1     13 1         4     1     1     1     6     2     2     4     3     1     1     5       1     2     1     1                         1
Net book value of property                             34,700,000     24,800,000     204,200,000         219,600,000       81,400,000     81,400,000     48,900,000     79,500,000     34,100,000     33,300,000     28,100,000     20,200,000     10,700,000     9,600,000     43,600,000       8,700,000     23,900,000     20,700,000     18,800,000                         10,100,000    
Debt initial balance                             48,400,000     27,000,000     155,500,000       128,600,000         66,000,000           36,000,000     79,000,000     44,000,000     31,000,000     27,800,000     20,900,000     11,600,000     11,900,000     55,000,000             28,000,000     17,500,000     18,900,000                       250,000,000      
Monthly payment amortization schedule (in years)                             20     20     10       20         30           30     25     25     25     25     25     25     30     25           25 25     20     20                              
Monthly principal and interest payments                             365,000     203,000     1,100,000       977,000         378,000           206,000     498,000     279,000     207,000     180,000     135,000     75,000     77,000     348,000       28,000     178,000     127,000     151,000                              
Final principal payment at maturity                             42,000,000     23,400,000     99,200,000       85,600,000         55,300,000           30,100,000     60,700,000     33,900,000     24,400,000     21,600,000     16,200,000     9,000,000     9,200,000     42,400,000       3,200,000     21,700,000     11,600,000     843,000                         10,600,000    
Amount of initial balance with interest only payments                                         98,600,000                                                                                                                                      
Amount of initial balance with principal and interest payments                                         56,900,000                                                                                                                                      
Weighted average interest rate                                         5.95%                                                                             5.81%                                                        
Line of credit facility, current borrowing capacity                                                                                                                                                               400,000,000 382,500,000              
Line of credit facility, subline for additional borrowing capacity                                                                                                                                                               100,000,000                
Line of credit facility, maximum borrowing capacity                                                                                                                                                               500,000,000                
Line of credit facility, basis spread on variable rate                                                                                                                                                               1.60%                
Line of credit facility, number of yearly extensions (in years)                                                                                                                                                               1                
Line of credit facility, amount outstanding                                                                                                                                                               223,000,000                
Notes assumed 3,800,000                                                                                                                           3,800,000                                                  
Fair value of notes payable 4,100,000                                                                                                                           4,100,000                                                  
Estimated market rate used for determining discounted cash flow for fixed rate notes 5.29%                                                                                                                           5.29%                                                  
Number of term loans outstanding prepaid in full                                                                                                                                                         8                      
Loans Payable                                                                                                                                                             86,200,000                  
Cost of terminating interest rate swaps                                                                                                                                                             4,600,000                  
Write off of Deferred Debt Issuance Cost   5,773,000 11,383,000 117,000                                                                                                                                                     1,800,000                  
Interest rate                     2.60%             6.63%               6.84%       5.58%     5.50%     5.56%     5.77%     5.84%     6.37%     6.10%     6.02%     6.06%     6.07%             5.29%     5.68%     6.19%     7.37%                              
Senior unsecured notes, interest rate                                                                                                                                                                     7.75%          
Senior unsecured notes, percent of principal amount issued                                                                                                                                                                     98.29%          
Debt covenant, debt to adjusted total assets ratio, maximum                                                                                                                                                                     60.00%          
Debt covenant, secured debt to adjusted total assets ratio, maximum                                                                                                                                                                     40.00%          
Debt covenant, debt service coverage ratio, minimum                                                                                                                                                                     1.5          
Debt covenant, total unencumbered assets as a percent of outstanding unsecured debt, minimum                                                                                                                                                                     150.00%          
Interest rate at period end                                                                                                                                                                           0.11%    
Interest rate, maximum                             6.73%           9.01%                                                                             5.95%                                                        
Interest rate, minimum                             6.57%           4.26%                                                                             5.73%                                                        
Variable rate basis                                                                                                                                                               LIBOR                
Long-term Debt, by Maturity [Abstract]                                                                                                                                                                                
2012   90,416,000                                                                                                                                                                            
2013   116,378,000                                                                                                                                                                            
2014   155,925,000                                                                                                                                                                            
2015   324,931,000                                                                                                                                                                            
2016   103,377,000                                                                                                                                                                            
Thereafter   363,268,000                                                                                                                                                                            
Total   1,154,295,000 1,191,179,000               0 [1] 9,251,000 [1]     43,045,000 [2] 44,473,000 [2]   24,072,000 [3] 24,866,000 [3]   106,229,000 [4] 112,982,000 [4]     97,600,000 95,976,000 [5] 103,127,000 [5] 102,600,000   58,338,000 [6] 59,537,000 [6]   4,000,000 [7] 4,000,000 [7]   32,568,000 [8] 33,182,000 [8]   69,143,000 [9] 71,014,000 [9]   38,931,000 [10] 39,944,000 [10]   27,854,000 [11] 28,514,000 [11]   25,027,000 [12] 25,625,000 [12]   18,862,000 [13] 19,317,000 [13]   10,518,000 [14] 10,762,000 [14]   10,827,000 [15] 11,076,000 [15]   50,132,000 [16] 51,319,000 [16]     4,008,000 [17] 0 [17]   25,677,000 [18] 26,268,000 [18]   15,643,000 [19] 16,171,000 [19]   9,810,000 [20] 10,844,000 [20]   0 [21]   86,272,000 [21]   223,000,000 [22]   142,000,000 [22] 250,000,000 [23] 250,000,000 [23]   10,635,000 [24] 10,635,000 [24]  
Interest Expense, Debt [Abstract]                                                                                                                                                                                
Interest on loans and capital lease obligation         67,265,000 72,758,000 68,968,000 (21,000) (5,288,000) (7,184,000)                                                                                                                                                            
Amortization of deferred financing costs   3,807,000 4,408,000 3,663,000                                                                                                                                                                        
Credit facility and letter of credit fees   1,159,000 853,000 759,000                                                                                                                                                                        
Interest costs capitalized   (498,000) (383,000) (600,000)                                                                                                                                                                        
Interest income         (70,000) (37,000) (75,000) 37,000 0 0                                                                                                                                                            
Interest expense, net   $ 71,679,000 $ 72,311,000 $ 65,531,000                                                                                                                                                                        
[1] On June 18, 2010, as part of the settlement with Mr. Cappelli and several of his affiliates, the Company assumed a ground lease on the Concord property and it was recorded as a capital lease obligation of $9.2 million. On December 7, 2011, the Company exercised its option to purchase the underlying property for a negotiated price of $8.9 million. A gain of $390 thousand was recognized related to the settlement of this capital lease obligation and is included in costs associated with loan refinancing or payoff, net in the accompanying consolidated statements of income.
[2] The Company’s mortgage notes payable due October 1, 2012 are secured by two theatre properties, which had a net book value of approximately $34.7 million at December 31, 2011. The notes had initial balances totaling $48.4 million and the monthly payments are based on a 20 year amortization schedule. The notes require monthly principal and interest payments totaling approximately $365 thousand with a final principal payment at maturity totaling approximately $42.0 million.
[3] The Company’s mortgage note payable due November 1, 2012 is secured by one theatre property, which had a net book value of approximately $24.8 million at December 31, 2011. The note had an initial balance of $27.0 million and the monthly payments are based on a 20 year amortization schedule. The note requires monthly principal and interest payments of approximately $203 thousand with a final principal payment at maturity of approximately $23.4 million.
[4] The Company’s mortgage notes payable due February 10, 2013 are secured by thirteen theatre properties and one entertainment retail center, which had a net book value of approximately $204.2 million at December 31, 2011. The notes had initial balances totaling $155.5 million of which approximately $98.6 million has monthly payments that are interest only and $56.9 million has monthly payments based on a 10 year amortization schedule. The notes require monthly principal and interest payments totaling approximately $1.1 million with a final principal payment at maturity totaling approximately $99.2 million. The weighted average interest rate on these notes is 5.95%.
[5] The Company’s mortgage note payable due March 1, 2014 is secured by four entertainment retail centers in Ontario, Canada, which had a net book value of approximately $219.6 million at December 31, 2011. The mortgage note payable is denominated in Canadian dollars (CAD). The note had an initial balance of CAD $128.6 million and the monthly payments are based on a 20 year amortization schedule. The note requires monthly principal and interest payments of approximately CAD $977 thousand with a final principal payment at maturity of approximately CAD $85.6 million. At December 31, 2011 and 2010, the outstanding balance in Canadian dollars was CAD $97.6 million and CAD $102.6 million, respectively.
[6] The Company’s mortgage note payable due April 1, 2014 is secured by one entertainment retail center, which had a net book value of approximately $81.4 million at December 31, 2011. The note had an initial balance of $66.0 million and the monthly payments are based on a 30 year amortization schedule. The note requires monthly principal and interest payments of approximately $378 thousand with a final principal payment at maturity of approximately $55.3 million.
[7] The Company’s mortgage note payable is secured by one entertainment retail center, which had a net book value of approximately $81.4 million at December 31, 2011. The note requires monthly payments of interest only and matures on July 1, 2014.
[8] The Company’s mortgage note payable due June 5, 2015 is secured by one entertainment retail center, which had a net book value of approximately $48.9 million at December 31, 2011. The note had an initial balance of $36.0 million and the monthly payments are based on a 30 year amortization schedule. The note requires monthly principal and interest payments of approximately $206 thousand with a final principal payment at maturity of approximately $30.1 million.
[9] The Company’s mortgage notes payable due November 6, 2015 are secured by six theatre properties, which had a net book value of approximately $79.5 million at December 31, 2011. The notes had initial balances totaling $79.0 million and the monthly payments are based on a 25 year amortization schedule. The notes require monthly principal and interest payments totaling approximately $498 thousand with a final principal payment at maturity totaling approximately $60.7 million.
[10] The Company’s mortgage notes payable due March 6, 2016 are secured by two theatre properties, which had a net book value of approximately $34.1 million at December 31, 2011. The notes had initial balances totaling $44.0 million and the monthly payments are based on a 25 year amortization schedule. The notes require monthly principal and interest payments totaling approximately $279 thousand with a final principal payment at maturity totaling approximately $33.9 million.
[11] The Company’s mortgage notes payable due June 30, 2016 are secured by two theatre properties, which had a net book value of approximately $33.3 million at December 31, 2011. The notes had initial balances totaling $31.0 million and the monthly payments are based on a 25 year amortization schedule. The notes require monthly principal and interest payments totaling approximately $207 thousand with a final principal payment at maturity totaling approximately $24.4 million.
[12] The Company’s mortgage notes payable due October 1, 2016 are secured by four theatre properties, which had a net book value of approximately $28.1 million at December 31, 2011. The notes had initial balances totaling $27.8 million and the monthly payments are based on a 25 year amortization schedule. The notes require monthly principal and interest payments totaling approximately $180 thousand with a final principal payment at maturity totaling approximately $21.6 million.
[13] The Company’s mortgage notes payable due October 6, 2016 are secured by three theatre properties, which had a net book value of approximately $20.2 million at December 31, 2011. The notes had initial balances totaling $20.9 million and the monthly payments are based on a 25 year amortization schedule. The notes require monthly principal and interest payments totaling approximately $135 thousand with a final principal payment at maturity totaling approximately $16.2 million.
[14] The Company’s mortgage note payable due March 1, 2017 is secured by one theatre property, which had a net book value of approximately $10.7 million at December 31, 2011. The note had an initial balance of $11.6 million and the monthly payments are based on a 25 year amortization schedule. The note requires monthly principal and interest payments of approximately $75 thousand with a final principal payment at maturity of approximately $9.0 million.
[15] The Company’s mortgage note payable due April 6, 2017 is secured by one theatre property, which had a net book value of approximately $9.6 million at December 31, 2011. The note had an initial balance of $11.9 million and the monthly payments are based on a 30 year amortization schedule. The note requires monthly principal and interest payments of approximately $77 thousand with a final principal payment at maturity of approximately $9.2 million.
[16] The Company’s mortgage notes payable due May 1, 2017 are secured by five theatre properties, which had a net book value of approximately $43.6 million at December 31, 2011. The notes had initial balances totaling $55.0 million and the monthly payments are based on a 25 year amortization schedule. The notes require monthly principal and interest payments totaling approximately$348 thousand with a final principal payment at maturity totaling approximately $42.4 million. The weighted average interest rate on these notes is 5.81%.
[17] On March 3, 2011, the Company assumed a mortgage note payable of $3.8 million in conjunction with the acquisition of a theatre property. The note was recorded at fair value upon acquisition which was estimated to be $4.1 million. The fair value of the note was determined by discounting the future cash flows of the note using an estimated current market rate of 5.29%. The note is due July 1, 2017 and is secured by one theatre property, which had a net book value of approximately $8.7 million at December 31, 2011. The monthly payments are based on a 25 year amortization schedule and the note requires monthly principal and interest payments of approximately $28 thousand with a final principal payment at maturity of approximately $3.2 million.
[18] The Company’s mortgage notes payable due August 1, 2017 are secured by two theatre properties, which had a net book value of approximately $23.9 million at December 31, 2011. The notes had initial balances totaling $28.0 million and the monthly payments are based on a 25 year amortization schedule. The notes require monthly principal and interest payments totaling approximately $178 thousand with a final principal payment at maturity totaling approximately $21.7 million.
[19] The Company’s mortgage note payable due February 1, 2018 is secured by one theatre property which had a net book value of approximately $20.7 million at December 31, 2011. The mortgage loan had an initial balance of $17.5 million and the monthly payments are based on a 20 year amortization schedule. The mortgage loan bears interest at 6.19% and requires monthly principal and interest payments of approximately $127 thousand with a final principal payment at maturity of approximately $11.6 million.
[20] The Company’s mortgage note payable due July 15, 2018 is secured by one theatre property, which had a net book value of approximately $18.8 million at December 31, 2011. The note had an initial balance of $18.9 million and the monthly payments are based on a 20 year amortization schedule. The notes require monthly principal and interest payments of approximately $151 thousand with a final principal payment at maturity of approximately $843 thousand
[21] On February 7, 2011, the Company prepaid in full the eight term loans outstanding under this facility totaling $86.2 million. In connection with the payment in full of these term loans, the related interest rate swaps were terminated at a cost of $4.6 million. Additionally, deferred financing costs, net of accumulated amortization of $1.8 million were written-off as part of this loan prepayment.
[22] On October 13, 2011, the Company amended and restated its unsecured revolving credit facility (the facility). The size of the facility increased from $382.5 million to $400 million. The facility includes a $100 million subline for letters of credit and contains an accordion feature in which the facility can be increased to up to $500 million subject to certain conditions, including lender consent. The facility continues to be supported by a borrowing base of assets, and is secured by a pledge of the equity of each entity that holds a borrowing base asset. The facility is priced based on a grid related to the Company's senior unsecured credit ratings, with pricing at closing of LIBOR plus 1.60%. The facility has a maturity date of October 13, 2015 with a one year extension available at the Company's option. As of December 31, 2011, $223.0 million was outstanding under the facility and our total availability under the revolving credit facility was $177.0 million.
[23] On June 30, 2010, the Company issued $250.0 million in senior unsecured notes due on July 15, 2020. The notes bear interest at 7.75%. Interest is payable on July 15 and January 15 of each year beginning on January 15, 2011 until the stated maturity date of July 15, 2020. The notes were issued at 98.29% of their principal amount and are guaranteed by certain of the Company’s subsidiaries. The notes contain various covenants, including: (i) a limitation on incurrence of any debt which would cause the ratio of the Company’s debt to adjusted total assets to exceed 60%; (ii) a limitation on incurrence of any secured debt which would cause the ratio of the Company’s secured debt to adjusted total assets to exceed 40%; (iii) a limitation on incurrence of any debt which would cause the Company’s debt service coverage ratio to be less than 1.5 times; and (iv) the maintenance at all times of total unencumbered assets not less than 150% of the Company’s outstanding unsecured debt.
[24] The Company’s bond payable due October 1, 2037 is secured by one theatre, which had a net book value of approximately $10.1 million at December 31, 2011, and bears interest at a variable rate which resets on a weekly basis and was 0.11% at December 31, 2011. The bond requires monthly interest payments with a final principal payment at maturity of approximately $10.6 million.