Goodwill And Other Intangibles

12 Months Ended

Dec. 31, 2011

Goodwill And Other Intangibles [Abstract]

NOTE 5—GOODWILL AND OTHER INTANGIBLES

In 2011, the Company recorded goodwill and intangibles of approximately $8,717 from the acquisition of the MNM Theatre circuit. The Company has previously recorded certain lease intangibles and trade names from the acquisition of the GKC theatre circuit.

At December 31, 2011 and 2010, the Company has recorded the value of certain lease intangibles and trade names as follows:


	December 31,
	2011		2010
Lease related intangibles	$	1,345	$	995
Non-compete agreements		30		—
Trade names		750		500

Gross carrying value of intangible assets subject to amortization		2,125		1,495
Less accumulated amortization		956		883

Net carrying value		1,169	$	612
Goodwill		8,087		—

Total intangibles and goodwill	$	9,256	$	612

Amortization of such intangible assets was $73, $150, and $142, for the years ended December 31, 2011, 2010 and 2009, respectively. In addition, the Company impaired favorable lease intangible assets in 2010 of $489 related to closed theatres. The impairment charge is reflected in Impairment of Long-Lived Assets in the consolidated statements of operations.

Amortization expense of intangible assets for fiscal years 2012 through 2016 and thereafter is estimated to be approximately $108, $105, $101, $101, $94 and $660, respectively, with a remaining weighted average useful life of 7 years.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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