Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations [Abstract]

Discontinued Operations

NOTE 6—DISCONTINUED OPERATIONS

Theatres are generally considered for closure due to an expiring lease, underperformance, or the opportunity to better deploy invested capital. During the three months ended March 31, 2012 and 2011, the Company closed four and three theatres, respectively. With respect to the closures during the three months ended March 31, 2012 and 2011, the Company classified three theatres in each period as discontinued operations. The Company reported the results of these operations, including gains and losses on disposal, as discontinued operations. The operations and cash flows of these theatres have been eliminated from the Company's operations, and the Company will not have any continuing involvement in their operations.

All activity during the three months ended March 31, 2011 included in the accompanying consolidated statements of operations has been reclassified to separately reflect the results of operations from theatres closed in 2012 and considered discontinued operations through the respective date of the theatre closings. Assets and liabilities associated with the discontinued operations have not been segregated from assets and liabilities from continuing operations as they are not material.

The following table sets forth the summary of activity for discontinued operations for the three months ended March 31, 2012 and 2011:

	Three Months Ended March 31,
	2012			2011
Revenue from discontinued operations	$	85		$	550
Operating loss before income taxes	$	(97	)	$	(265	)
Income tax benefit from discontinued operations		36			97
(Loss) income on disposal, before income taxes		(42	)		224
Income tax benefit (expense) on disposal		17			(82	)
Loss from discontinued operations	$	(86	)	$	(26	)