CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 29, 2016 |
Oct. 01, 2015 |
Sep. 29, 2016 |
Oct. 01, 2015 |
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Income Statement [Abstract] | ||||||
REVENUE (including revenue from founding members of $7.6, $6.5, $22.1 and $23.2, respectively) | $ 113.5 | $ 111.7 | $ 305.1 | $ 310.1 | ||
OPERATING EXPENSES: | ||||||
Advertising operating costs | 7.5 | 7.8 | 20.8 | 21.9 | ||
Network costs | 4.1 | 4.3 | 12.9 | 13.0 | ||
Theatre access fees—founding members | [1] | 19.2 | 17.6 | 56.8 | 54.0 | |
Selling and marketing costs | 16.8 | 16.9 | 54.5 | 49.9 | ||
Merger termination fee and related merger costs | 34.3 | |||||
Administrative and other costs | 8.6 | 9.3 | 32.9 | 26.3 | ||
Depreciation and amortization | 8.9 | 8.0 | 26.5 | 24.2 | ||
Total | 65.1 | 63.9 | 204.4 | 223.6 | ||
OPERATING INCOME | 48.4 | 47.8 | 100.7 | 86.5 | ||
NON-OPERATING EXPENSES: | ||||||
Interest on borrowings | 14.3 | 13.0 | 41.2 | 39.2 | ||
Interest income | (0.3) | (0.5) | (1.3) | (1.4) | ||
Accretion of interest on the discounted payable to founding members under tax receivable agreement | 3.4 | 3.5 | 10.4 | 10.6 | ||
Amortization of terminated derivatives | 1.6 | |||||
Loss on early retirement of debt | 10.4 | 10.4 | ||||
Other non-operating expense | 0.1 | 0.2 | ||||
Total | 27.8 | 16.1 | 60.7 | 50.2 | ||
INCOME BEFORE INCOME TAXES | 20.6 | 31.7 | 40.0 | 36.3 | ||
Income tax (benefit) expense | (1.1) | 4.8 | 1.3 | 6.3 | ||
CONSOLIDATED NET INCOME | 21.7 | 26.9 | 38.7 | 30.0 | ||
Less: Net income attributable to noncontrolling interests | 13.5 | 19.2 | 28.0 | 21.2 | ||
NET INCOME ATTRIBUTABLE TO NCM, INC. | $ 8.2 | $ 7.7 | $ 10.7 | $ 8.8 | ||
NET INCOME PER NCM, INC. COMMON SHARE: | ||||||
Basic | $ 0.14 | $ 0.13 | $ 0.18 | $ 0.15 | ||
Diluted | $ 0.13 | $ 0.13 | $ 0.18 | $ 0.15 | ||
WEIGHTED AVERAGE SHARES OUTSTANDING: | ||||||
Basic | 59,846,496 | 59,014,887 | 59,763,012 | 58,959,381 | ||
Diluted | 60,878,806 | 59,625,214 | 60,479,977 | 59,452,580 | ||
Dividends declared per common share | $ 0.22 | $ 0.22 | $ 0.66 | $ 0.66 | ||
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- Definition Amortization of terminated derivatives. 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 Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue from the sale of advertising time (such as television and radio) or space (newspaper or magazine pages). May also include advertising, marketing and promotional services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Costs incurred and are directly related to generating advertising revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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/presentationRef
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- References No definition available.
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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/presentationRef
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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/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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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. No definition available.
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- Definition Amount of expense related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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/presentationRef
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