CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2022 |
Jul. 01, 2021 |
Jun. 30, 2022 |
Jul. 01, 2021 |
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Document Period End Date | Jun. 30, 2022 | |||
REVENUE (including revenue from related parties of $4.6, $1.6, $7.4 and $2.0, respectively) | $ 67,100,000 | $ 14,000,000.0 | $ 103,000,000.0 | $ 19,400,000 |
OPERATING EXPENSES: | ||||
Advertising operating costs | 8,300,000 | 3,200,000 | 13,000,000.0 | 4,700,000 |
Network costs | 2,100,000 | 1,900,000 | 4,100,000 | 3,700,000 |
Theater access fees and revenue share to founding members (including fees to related parties of $16.9, $7.1, $29.8, and $8.4, respectively) | 23,200,000 | 11,200,000 | 41,100,000 | 14,300,000 |
Selling and marketing costs | 10,400,000 | 8,900,000 | 20,600,000 | 16,600,000 |
Administrative and other costs | 9,700,000 | 9,600,000 | 19,400,000 | 19,800,000 |
Asset Impairment Charges | 0.0 | 0.0 | 5,800,000 | 0 |
Depreciation expense | 1,500,000 | 2,600,000 | 3,500,000 | 5,900,000 |
Amortization of intangibles recorded for network theater screen leases | 6,300,000 | 6,200,000 | 12,400,000 | 12,300,000 |
Total | 61,500,000 | 43,600,000 | 119,900,000 | 77,300,000 |
OPERATING INCOME (LOSS) | 5,600,000 | (29,600,000) | (16,900,000) | (57,900,000) |
NON-OPERATING EXPENSES (INCOME): | ||||
Interest on borrowings | 20,400,000 | 16,900,000 | 37,600,000 | 31,600,000 |
Interest income | (100,000) | (100,000) | (100,000) | (100,000) |
(Gain) loss on modification and retirement of debt, net | (6.0) | |||
(Gain) loss on re-measurement of the payable to founding members under the tax receivable agreement | (100,000) | 100,000 | 6,300,000 | (1,400,000) |
Other non-operating (income) expense | (100,000) | 0 | 200,000 | (100,000) |
Total | 14,200,000 | 17,300,000 | 37,700,000 | 31,000,000.0 |
LOSS BEFORE INCOME TAXES | (8,600,000) | (46,900,000) | (54,600,000) | (88,900,000) |
Income tax expense | 0 | 0 | 0 | 0 |
CONSOLIDATED NET LOSS | (8,600,000) | (46,900,000) | (54,600,000) | (88,900,000) |
Less: Net loss attributable to noncontrolling interests | (7,900,000) | (24,200,000) | (28,700,000) | (46,800,000) |
NET LOSS ATTRIBUTABLE TO NCM, INC. | (700,000) | (22,700,000) | (25,900,000) | (42,100,000) |
COMPREHENSIVE LOSS ATTRIBUTABLE TO NCM, INC. | $ (700,000) | $ (22,700,000) | $ (25,900,000) | $ (42,100,000) |
NET LOSS PER NCM, INC. COMMON SHARE: | ||||
Basic (in usd per share) | $ (0.01) | $ (0.28) | $ (0.32) | $ (0.53) |
Diluted (in usd per share) | $ (0.01) | $ (0.28) | $ (0.32) | $ (0.53) |
WEIGHTED AVERAGE SHARES OUTSTANDING: | ||||
Basic (in shares) | 81,467,651 | 80,115,377 | 81,254,152 | 79,298,366 |
Diluted (in shares) | 81,467,651 | 80,115,377 | 81,254,152 | 79,298,366 |
Debt [Member] | ||||
NON-OPERATING EXPENSES (INCOME): | ||||
Nonoperating Gains (Losses) | $ 5,900,000 | $ (400,000) | $ 5,900,000 | $ (800,000) |
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- Definition For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD. No definition available.
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- Definition Gain (loss) on re-measurement of payable to founding members under tax sharing agreement. No definition available.
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- Definition Direct costs arising from transactions associated with network operations. These costs are categorized as cost of goods sold. No definition available.
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- Definition Theater Access Fees No definition available.
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- Definition The expense charged against earnings for the periodic recognition of capitalized leases. This element may apply to energy companies that lease mineral producing properties and to other enterprises that capitalize property, plant, or equipment obtained through capital leases. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of gains or losses resulting from nonoperating activities (for example, interest and dividend revenue, property, plant and equipment impairment loss, and so forth). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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