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Impairment Of Long-Lived Assets
6 Months Ended
Jun. 30, 2011
Impairment Of Long-Lived Assets  
Impairment Of Long-Lived Assets

NOTE 2—IMPAIRMENT OF LONG-LIVED ASSETS

For the three and six months ended June 30, 2011, impairment charges aggregated to $1,164 and $1,325, respectively. The impairment charges were primarily the result of continued deterioration of previously impaired theatres and a decline in market value of a previously closed theatre. The Company recorded impairment charges during the three and six months ended June 30, 2010 of $3,237 and $3,724, respectively, which were primarily the result of deterioration in the operating results of the impaired theatres.

The estimated aggregate fair value of the long-lived assets impaired during the three and six months ended June 30, 2011 was approximately $4,007 and $4,779, respectively. These fair value estimates are considered Level 3 estimates and were derived primarily from discounting estimated future cash flows, contracts to sell certain owned properties and reference to appraised values.