8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 17, 2006

Carmike Cinemas, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware	000-14993	58-1469127
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)

1301 First Avenue, Columbus, Georgia	31901
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (706) 576-3400

Not applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

          On April 17, 2006, Carmike Cinemas, Inc. (the “Company”) announced certain estimated unaudited operating information for the Company’s fiscal year ended December 31, 2005. A copy of the Company’s press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

Item 8.01 Other Events.

          The press release attached as Exhibit 99.1 also includes an update on the Company’s review of various leases and the status of the Company’s regulatory filings.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1      Press release, dated April 17, 2006

Signatures

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CARMIKE CINEMAS, INC.
Date: April 17, 2006	By:	/s/ Lee Champion
		Lee Champion
		Senior Vice President, General Counsel and Secretary

3

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press release, dated April 17, 2006

4

EX-99.1

                                                                   EXHIBIT 99.1

      CARMIKE CINEMAS, INC. PROVIDES ESTIMATED 2005 OPERATING INFORMATION;
                   PROVIDES UPDATE ON LEASE ACCOUNTING MATTERS


         COLUMBUS, GA -- (MARKET WIRE) -- 04/17/2006 -- On March 24, 2006,
Carmike Cinemas, Inc. (NASDAQ: CKEC) announced that the filing of its Form 10-K
for the year ended December 31, 2005 would be delayed because the Company is
finalizing its review of certain lease accounting issues. The Company is
providing an update on these issues, as well as estimates of certain 2005
operating information.

CERTAIN ESTIMATED 2005 OPERATING INFORMATION

         The Company is providing the following preliminary, unaudited estimates
of certain operating information for the fiscal year ended December 31, 2005:

- -        admission revenues of $309.9 million compared to $331.5 million for
         2004;

- -        concession and other revenues of $159.3 million compared to $163.0
         million for 2004;

- -        total revenues of $469.2 million compared to $494.5 million for 2004;

- -        total attendance of 57.9 million compared to 63.3 million for 2004;

- -        301 theaters at period end compared to 282 theaters for 2004;

- -        2,475 screens at period end compared to 2,188 screens for 2004;

- -        average screens per theater of 8.2 compared to 7.8 screens for 2004;

- -        average ticket price of $5.36 compared to $5.17 for 2004;

- -        average concession sales per patron of $2.52 compared to $2.33 for
         2004; and

- -        cash and cash equivalents of $23.6 million at period end compared to
         $56.9 million in 2004.

The 2005 information includes the GKC theaters from the date of acquisition, May
19, 2005.

         As previously disclosed, the Company anticipates that operating income
and net income for the year ended December 31, 2005 will be significantly lower
than operating income and net income for the year ended December 31, 2004. The
Company's revenues were negatively impacted by the decreased box office across
the industry in general during the year ended December 31, 2005, increased
competition in certain markets and higher gas prices. The Company's total costs
and expenses are expected to be higher for




the year ended December 31, 2005 due primarily to increases in theatre operating
costs and depreciation and amortization expense related to theatre development,
retrofitting and acquisition activities in 2005.

LEASE ACCOUNTING REVIEW UPDATE

         In its March 24, 2006 announcement, the Company indicated that 35 of
its leases, entered into between 1985 and 1999, may not have been properly
classified for accounting purposes. Management continues its review and analysis
of whether these leases should have been classified as operating leases or
"long-term financing obligations" under EITF 97-10, including any resulting
financial statement impact, and whether, with respect to any capital leases, any
increase or decrease in existing capital assets or obligations is appropriate.

         As part of the review of the 35 capital leases, management has had
recent discussions with its external accounting advisor and its independent
auditor regarding the accounting treatment of the Company's remaining leases. As
a result, the Company has now expanded the scope of its lease review to include
approximately 100 of the 183 operating leases that were in effect as of December
31, 2005 to determine whether these leases were properly accounted for at the
date of inception or subsequent modification. These leases account for
approximately 97% of the Company's non-cancelable operating lease commitments as
of December 31, 2005.

         Management continues to work closely with the Board's Audit Committee
in connection with the ongoing lease review. In addition, Carmike's external
accounting advisor continues to work with management in its analysis of these
lease accounting issues. Carmike also continues to work with its independent
auditor to resolve these issues.

         Management continues to believe that any potential changes due to these
lease accounting issues, including the expanded lease review, will not have a
material impact on the net cash flows of the business. However, due to the
highly technical nature of the lease accounting issues and management's ongoing
review of certain other accounting issues noted above, there can be no assurance
as to the ultimate accounting impact. The resolution of these issues likely will
require Carmike to restate financial statements for certain prior periods.

         In addition, Carmike's evaluation of internal control over financial
reporting as of December 31, 2005 is ongoing. As the Company completes its
evaluation of internal control over financial reporting, one or more control
deficiencies likely will be identified and those control deficiencies likely
will represent one or more material weaknesses, including a material weakness in
internal control over the accounting for and reporting of non-routine and
non-systematic transactions.




STATUS OF REGULATORY FILINGS

         Carmike is working diligently to complete its financial statements,
audit, and evaluation of internal control over financial reporting for 2005 and
will file its Form 10-K for 2005 promptly upon completion. The Company will file
its Form 10-Q for the first quarter of 2006 subsequent to the filing of its Form
10-K for 2005.

CONFERENCE CALL

         Carmike will host a conference call today, April 17, 2006, at 4:45 PM
Eastern time to discuss this press release. There will be a live webcast
available on our website at www.carmike.com under the Investor Relations
heading.

         Participant Dial-in Numbers:

                U.S. Toll Free: 800-391-2548
                Canadian Toll Free: 866-627-1646
                International Toll: 302-709-8328
                Verbal passcode (to be given to the operator) VH743620

A replay of the call will be available on our website one hour after the call.

FORWARD-LOOKING STATEMENTS

         This press release contains forward-looking statements within the
meaning of the federal securities laws. Statements that are not historical
facts, including statements about our beliefs and expectations, are
forward-looking statements. Forward-looking statements include statements
preceded by, followed by or that include the words, "believes," "expects,"
"anticipates," "plans," "estimates" or similar expressions. Forward-looking
statements are only predictions and are not guarantees of performance. Examples
of forward-looking statements in this release include our estimations of 2005
operating information and expectations with regard to our ability to make
required regulatory filings. These statements are based on beliefs and
assumptions of our management, which in turn are based on currently available
information. The forward-looking statements also involve risks and
uncertainties, which could cause actual results to differ materially from those
contained in any forward-looking statement. Many of these factors are beyond our
ability to control or predict. Important factors that could cause actual results
to differ materially from those contained in any forward-looking statement
include:

         -        our ability to timely resolve the accounting issues that have
                  delayed the filing of our 2005 Form 10-K;

         -        our ability to comply with covenants contained in our credit
                  agreement and senior subordinated notes;




         -        our ability to maintain our Nasdaq listing;

         -        our ability to operate at expected levels of cash flow through
                  the second quarter of 2006;

         -        the availability of suitable motion pictures for exhibition in
                  our markets;

         -        competition in our markets;

         -        competition with other forms of entertainment;

         -        the effect of our leverage on our financial condition; and

         -        other factors, including the risk factors previously disclosed
                  in our Annual Report on Form 10-K Amendment No. 2, for the
                  year ended December 31, 2004 under the caption "Risk Factors."

         We believe these forward-looking statements are reasonable; however,
undue reliance should not be placed on any forward-looking statements, which are
based on current expectations. Further, forward-looking statements speak only as
of the date they are made, and we undertake no obligation to update publicly any
of them in light of new information or future events.

         Carmike Cinemas, Inc. is a premiere motion picture exhibitor in the
United States with 301 theatres and 2,475 screens in 37 states, as of December
31, 2005. Carmike's focus for its theatre locations is small to mid-sized
communities with populations of fewer than 100,000. Carmike's common stock is
traded on the NASDAQ National Market under the ticker symbol "CKEC". For more
information visit Carmike's website, www.carmike.com.

Company Contact:
Judy Russell
Director of Investor and Public Relations
(706) 576-2737