Guarantor Subsidiaries

12 Months Ended

Dec. 31, 2011

Guarantor Subsidiaries [Abstract]

Guarantor Subsidiaries

NOTE 21—GUARANTOR SUBSIDIARIES

The Company filed a registration statement which became effective in 2010. The registration statement registers certain securities, including debt securities which may be issued and guaranteed by certain of Carmike Cinemas, Inc.'s subsidiaries and may be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended.

Carmike Cinemas, Inc. may sell debt securities and if so, it is expected that such securities would be fully and unconditionally guaranteed, on a joint and several basis, by the following 100% directly or indirectly owned subsidiaries: Eastwynn Theatres, Inc., George G. Kerasotes Corporation, GKC Indiana Theatres, Inc., GKC Michigan Theatres, Inc., GKC Theatres, Inc., and Military Services, Inc. Therefore, the Company is providing the following condensed consolidating financial statement information as of December 31, 2011 and December 31, 2010 and for years ended December 31, 2011, 2010 and 2009 in accordance with SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered:

CONDENSED CONSOLIDATING BALANCE SHEET

	December 31, 2011
	Carmike Cinemas, Inc			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	3,623		$	9,993		$	—		$	13,616
Restricted cash		331			—			—			331
Accounts receivable		4,654			331			—			4,985
Inventories		722			2,233			—			2,955
Prepaid expenses and other assets		4,953			4,457			—			9,410
Total current assets		14,283			17,014			—			31,297
Property and equipment:
Land		12,716			41,193			—			53,909
Buildings and building improvements		46,676			229,545			—			276,221
Leasehold improvements		19,307			104,240			—			123,547
Assets under capital leases		8,675			36,295			—			44,970
Equipment		58,128			154,329			—			212,457
Construction in progress		159			2,190			—			2,349
Total property and equipment		145,661			567,792			—			713,453
Accumulated depreciation and amortization		(75,760	)		(281,758	)		—			(357,518	)
Property and equipment, net of accumulated depreciation		69,901			286,034			—			355,935
Intercompany receivables		123,071			—			(123,071	)		—
Investment in subsidiaries		82,985			—			(82,985	)		—
Goodwill		—			8,087			—			8,087
Intangible assets, net of accumulated amortization		—			1,169			—			1,169
Investment in unconsolidated affiliates		8,498			—			—			8,498
Other		10,536			7,334			—			17,870
Total assets	$	309,274		$	319,638		$	(206,056	)	$	422,856
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	27,598		$	1,985		$	—		$	29,583
Accrued expenses		19,752			11,384			—			31,136
Current maturities of long-term debt, capital leases and long-term financing obligations		2,391			1,568			—			3,959
Total current liabilities		49,741			14,937			—			64,678
Long-term liabilities:
Long-term debt, less current maturities		196,880			—			—			196,880
Capital leases and long-term financing obligations, less current maturities		28,223			86,385			—			114,608
Intercompany liabilities		—			123,071			(123,071	)		—
Deferred revenue		34,009			—			—			34,009
Other		6,045			12,261			—			18,306
Total long-term liabilities		265,157			221,717			(123,071	)		363,803
Stockholders' (deficit) equity:
Preferred Stock		—			—			—			—
Common Stock		401			1			(1	)		401
Treasury stock		(11,683	)		—			—			(11,683	)
Paid-in capital		290,997			237,800			(237,800	)		290,997
Accumulated deficit		(285,340	)		(154,816	)		154,816			(285,340	)
Total stockholders' (deficit) equity		(5,625	)		82,985			(82,985	)		(5,625	)
Total liabilities and stockholders' (deficit) equity	$	309,274		$	319,638		$	(206,056	)	$	422,856

CONDENSED CONSOLIDATING BALANCE SHEET

	December 31, 2010
	Carmike Cinemas, Inc			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	3,418		$	9,648		$	—		$	13,066
Restricted cash		335			—			—			335
Accounts receivable		4,255			185			—			4,440
Screenvision receivable		30,000			—			—			30,000
Inventories		526			2,215			—			2,741
Prepaid expenses and other assets		2,402			4,294			—			6,696
Total current assets		40,936			16,342			—			57,278
Property and equipment:
Land		13,716			40,887			—			54,603
Buildings and building improvements		48,437			224,519			—			272,956
Leasehold improvements		16,523			103,797			—			120,320
Assets under capital leases		8,675			42,249			—			50,924
Equipment		56,788			153,541			—			210,329
Construction in progress		724			1,700			—			2,424
Total property and equipment		144,863			566,693			—			711,556
Accumulated depreciation and amortization		(72,446	)		(270,926	)		—			(343,372	)
Property and equipment, net of accumulated depreciation		72,417			295,767			—			368,184
Intercompany receivables		133,202			—			(133,202	)		—
Investment in subsidiaries		79,444			—			(79,444	)		—
Intangible assets, net of accumulated amortization		—			612			—			612
Investments in unconsolidated affiliates		8,093									8,093
Other		12,792			7,799			—			20,591
Total assets	$	346,884		$	320,520		$	(212,646	)	$	454,758
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	20,492		$	1,168		$	—		$	21,660
Accrued expenses		21,561			5,870			—			27,431
Current maturities of long-term debt, capital leases and long-term financing obligations		2,652			1,588			—			4,240
Total current liabilities		44,705			8,626			—			53,331
Long-term liabilities:
Long-term debt, less current maturities		233,092			—			—			233,092
Capital leases and long-term financing obligations, less current maturities		28,477			87,559			—			116,036
Intercompany liabilities		—			133,202			(133,202	)		—
Deferred revenue		35,150			—			—			35,150
Other		5,361			11,689			—			17,050
Total long-term liabilities		302,080			232,450			(133,202	)		401,328
Stockholders' equity:
Preferred Stock		—			—			—			—
Common Stock		400			1			(1	)		400
Treasury stock		(11,657	)		—			—			(11,657	)
Paid-in capital		288,986			237,800			(237,800	)		288,986
Accumulated deficit		(277,630	)		(158,357	)		158,357			(277,630	)
Total stockholders' equity		99			79,444			(79,444	)		99
Total liabilities and stockholders' equity	$	346,884		$	320,520		$	(212,646	)	$	454,758

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Year Ended December 31, 2011
	Carmike Cinemas, Inc			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	54,399		$	255,383		$	—		$	309,782
Concessions and other		54,326			141,452			(23,351	)		172,427
Total operating revenues		108,725			396,835			(23,351	)		482,209
Operating costs and expenses:
Film exhibition costs		28,845			138,540			—			167,385
Concession costs		3,630			16,265			—			19,895
Other theatre operating costs		41,463			184,900			(23,351	)		203,012
General and administrative expenses		16,961			2,123			—			19,084
Severance agreement charges		845			—			—			845
Depreciation and amortization		6,959			25,299			—			32,258
Loss on sale of property and equipment		173			160			—			333
Write-off of note receivable		750			—			—			750
Impairment of long-lived assets		937			2,552			—			3,489
Total operating costs and expenses		100,563			369,839			(23,351	)		447,051
Operating income		8,162			26,996			—			35,158
Interest expense		10,714			23,399			—			34,113
Equity in earnings of subsidiaries		(3,739	)		—			3,739			—
Income before income tax, income from unconsolidated affiliates and discontinued operations		1,187			3,597			(3,739	)		1,045
Income tax expense		10,375			—			—			10,375
Income from unconsolidated affiliates		(1,478	)		(319	)		—			(1,797	)
(Loss) income from continuing operations		(7,710	)		3,916			(3,739	)		(7,533	)
Loss from discontinued operations		—			(177	)		—			(177	)
Net (loss) income	$	(7,710	)	$	3,739		$	(3,739	)	$	(7,710	)

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Year Ended December 31, 2010
	Carmike Cinemas, Inc			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	59,373		$	265,992		$	—		$	325,365
Concessions and other		53,491			132,586			(23,420	)		162,657
Total operating revenues		112,864			398,578			(23,420	)		488,022
Operating costs and expenses:
Film exhibition costs		32,109			147,615			—			179,724
Concession costs		3,346			14,460			—			17,806
Other theatre operating costs		41,738			191,164			(23,420	)		209,482
General and administrative expenses		15,134			2,436			—			17,570
Depreciation and amortization		6,584			25,217			—			31,801
(Gain) loss on sale of property and equipment		67			(734	)		—			(667	)
Impairment of long-lived assets		1,982			6,043			—			8,025
Total operating costs and expenses		100,960			386,201			(23,420	)		463,741
Operating income		11,904			12,377			—			24,281
Interest expense		10,501			25,484			—			35,985
Equity in loss of subsidiaries		13,050			—			(13,050	)		—
Loss on extinguishment of debt		2,573			—			—			2,573
Loss before income tax, income from unconsolidated affiliates and discontinued operations		(14,220	)		(13,107	)		13,050			(14,277	)
Income tax expense (benefit)		(826	)		211			—			(615	)
Income from unconsolidated affiliates		(817	)		(363	)		—			(1,181	)
Loss from continuing operations		(12,576	)		(12,955	)		13,050			(12,481	)
Loss from discontinued operations		(3	)		(95	)		—			(98	)
Net loss	$	(12,579	)	$	(13,050	)	$	13,050		$	(12,579	)

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Year Ended December 31, 2009
	Carmike Cinemas, Inc			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	60,225		$	281,327		$	—		$	341,552
Concessions and other		54,532			137,070			(24,640	)		166,962
Total operating revenues		114,757			418,397			(24,640	)		508,514
Operating costs and expenses:
Film exhibition costs		32,839			156,203			—			189,042
Concession costs		3,154			14,033			—			17,187
Other theatre operating costs		41,512			190,735			(24,640	)		207,607
General and administrative expenses		13,581			2,558			—			16,139
Separation agreement charges		5,452			10			—			5,462
Depreciation and amortization		6,821			27,046			—			33,867
Gain on sale of property and equipment		(126	)		(310	)		—			(436	)
Impairment of long-lived assets		4,521			13,027			—			17,548
Total operating costs and expenses		107,754			403,302			(24,640	)		486,416
Operating income		7,003			15,095			—			22,098
Interest expense		8,666			24,401			—			33,067
Equity in loss of subsidiaries		12,114			—			(12,114	)		—
Loss before income tax, income from unconsolidated affiliates and discontinued operations		(13,777	)		(9,306	)		12,114			(10,969	)
Income tax expense		1,632			2,618			—			4,250
Loss from continuing operations		(15,409	)		(11,924	)		12,114			(15,219	)
Loss from discontinued operations		(4	)		(190	)		—			(194	)
Net loss	$	(15,413	)	$	(12,114	)	$	12,114		$	(15,413	)

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Year Ended December 31, 2011
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities:	$	32,637		$	37,250			—	$	69,887
Cash flows from investing activities:
Purchases of property and equipment		(5,497	)		(13,785	)		—		(19,282	)
Theatre acquistions		—			(11,800	)		—		(11,800	)
Investment in unconsolidated affiliates		(718	)		—			—		(718	)
Proceeds from sale of property and equipment		1,748			438			—		2,186
Release of restricted cash		4			—			—		4
Net cash used in investing activities		(4,463	)		(25,147	)				(29,610	)
Cash flows from financing activities:
Short-term borrowings		5,000			—			—		5,000
Repayment of short-term borrowings		(5,000	)		—			—		(5,000	)
Repayments of long-term debt		(37,486	)		(1,627	)		—		(39,113	)
Intercompany receivable/payable		10,131			(10,131	)		—		—
Other financing activies		(614	)		—			—		(614	)
Net cash used in financing activities		(27,969	)		(11,758	)		—		(39,727	)
Increase in cash and cash equivalents		205			345					550
Cash and cash equivalents at beginning of year		3,418			9,648					13,066
Cash and cash equivalents at end of year	$	3,623		$	9,993				$	13,616

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Year Ended December 31, 2010
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities	$	13,717		$	13,968		$	—	$	27,685
Cash flows from investing activities:
Purchases of property and equipment		(2,061	)		(14,842	)		—		(16,903	)
Proceeds from sale of property and equipment		4			3,973			—		3,977
Release of restricted cash		68			—			—		68
Net cash used in investing activities		(1,989	)		(10,869	)				(12,858	)
Cash flows from financing activities:
Short-term borrowings		12,500			—			—		12,500
Repayment of short-term borrowings		(12,500	)		—			—		(12,500	)
Issuance of long-term debt		262,350			—			—		262,350
Repayments of long-term debt		(278,496	)		(1,486	)		—		(279,982	)
Intercompany receivable/payable		1,429			(1,429	)		—		—
Other financing activies		(9,825	)		—			—		(9,825	)
Net cash used in financing activities		(24,542	)		(2,915	)		—		(27,457	)
Increase / (decrease) in cash and cash equivalents		(12,814	)		184			—		(12,630	)
Cash and cash equivalents at beginning of year		16,232			9,464			—		25,696
Cash and cash equivalents at end of year	$	3,418		$	9,648		$	—	$	13,066

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Year Ended December 31, 2009
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by operating activities	$	15,770		$	25,518		$	8,565		$	49,853
Cash flows from investing activities:
Purchases of property and equipment		(4,762	)		(8,784	)		—			(13,546	)
Proceeds from sale of property and equipment		360			2,896			—			3,256
Funding of restricted cash		(219	)		—			—			(219	)
Net cash used in investing activities		(4,621	)		(5,888	)		—			(10,509	)
Cash flows from financing activities:
Short-term borrowings		6,250			—			—			6,250
Repayment of short-term borrowings		(6,250	)		—			—			(6,250	)
Repayments of long-term debt		(22,731	)		(1,459	)		—			(24,190	)
Change in intercompany receivable/liabilities		28,139			(28,139	)		—			—
Other financing activities		(325	)		0			—			(325	)
Net cash provided by (used in) financing activities		5,083			(29,598	)		—			(24,515	)
Increase / (decrease) in cash and cash equivalents		16,232			(9,968	)		8,565			14,829
Cash and cash equivalents at beginning of year		—			19,432			(8,565	)		10,867
Cash and cash equivalents at end of year	$	16,232		$	9,464		$	—		$	25,696