Guarantor Subsidiaries

6 Months Ended

Jun. 30, 2012

Guarantor Subsidiaries [Abstract]

GUARANTOR SUBSIDIARIES

NOTE 13—GUARANTOR SUBSIDIARIES

The Company’s Senior Secured Notes, the offering of which was registered under the Securities Act of 1933, as amended, are 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 June 30, 2012 and December 31, 2011 and for the three and six months ended June 30, 2012 and 2011 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

	As of June 30, 2012
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	72,966		$	12,813		$	—		$	85,779
Restricted cash		17			—			—			17
Accounts receivable		4,855			804			—			5,659
Inventories		719			2,226			—			2,945
Prepaid expenses and other assets		4,375			4,619			—			8,994
Total current assets		82,932			20,462			—			103,394
Property and equipment:
Land		12,716			40,979			—			53,695
Buildings and building improvements		46,923			226,225			—			273,148
Leasehold improvements		19,625			101,982			—			121,607
Assets under capital leases		8,675			36,295			—			44,970
Equipment		58,972			155,692			—			214,664
Construction in progress		1,535			2,000			—			3,535
Total property and equipment		148,446			563,173			—			711,619
Accumulated depreciation and amortization		(79,054	)		(285,005	)		—			(364,059	)
Property and equipment, net of accumulated depreciation		69,392			278,168			—			347,560
Intercompany receivables		104,155			—			(104,155	)		—
Investments in subsidiaries		90,268			—			(90,268	)		—
Goodwill		—			8,087			—			8,087
Intangible assets, net of accumulated amortization		—			1,115			—			1,115
Investments in unconsolidated affiliates		5,546			957			—			6,503
Other assets		15,639			6,185			—			21,824
Total assets	$	367,932		$	314,974		$	(194,423	)	$	488,483
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	19,784			2,865			—			22,649
Accrued expenses		14,837			18,344			—			33,181
Current maturities of long-term debt, capital leases and long-term financing obligations		398			1,724			—			2,122
Total current liabilities		35,019			22,933			—			57,952
Long-term liabilities:
Long-term debt, less current maturities		209,512			—			—			209,512
Capital leases and long-term financing obligations, less current maturities		28,058			85,662			—			113,720
Intercompany liabilities		—			104,155			(104,155	)		—
Deferred revenue		33,567			—			—			33,567
Other		5,295			11,956			—			17,251
Total long-term liabilities		276,432			201,773			(104,155	)		374,050
Stockholders’ equity:
Preferred stock		—			—			—			—
Common stock		539			1			(1	)		539
Treasury stock		(11,740	)		—			—			(11,740	)
Paid-in capital		348,593			237,800			(237,800	)		348,593
Accumulated deficit		(280,911	)		(147,533	)		147,533			(280,911	)
Total stockholders’ equity		56,481			90,268			(90,268	)		56,481
Total liabilities and stockholders’ equity	$	367,932		$	314,974		$	(194,423	)	$	488,483

CONDENSED CONSOLIDATING BALANCE SHEET

	As of 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’ (deficit) 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 STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2012
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries		Eliminations			Consolidated
Revenues:
Admissions	$	14,254		$	72,682	$	—		$	86,936
Concessions and other		14,982			40,980		(6,607	)		49,355
Total operating revenues		29,236			113,662		(6,607	)		136,291
Operating costs and expenses:
Film exhibition costs		8,006			40,527		—			48,533
Concession costs		999			4,511		—			5,510
Other theatre operating costs		10,337			48,977		(6,607	)		52,707
General and administrative expenses		4,588			586		—			5,174
Severance agreement charges		493			—		—			493
Depreciation and amortization		1,716			6,040		—			7,756
Impairment of long-lived assets		4			46		—			50
Total operating costs and expenses		26,143			100,687		(6,607	)		120,223
Operating income		3,093			12,975		—			16,068
Interest expense		2,363			6,248		—			8,611
Loss on extinguishment of debt		4,961			—		—			4,961
Equity in earnings of subsidiaries		(3,912	)		—		3,912			—
(Loss) income before income tax and (loss) income from unconsolidated affiliates		(319	)		6,727		(3,912	)		2,496
Income tax (benefit) expense		(2,034	)		2,952		—			918
(Loss) income from unconsolidated affiliates		(518	)		70		—			(448	)
Income from continuing operations		1,197			3,845		(3,912	)		1,130
Income from discontinued operations		1			67		—			68
Net income	$	1,198		$	3,912	$	(3,912	)	$	1,198

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2011
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	14,131		$	70,549		$	—		$	84,680
Concessions and other		14,623			38,534			(6,363	)		46,794
Total operating revenues		28,754			109,083			(6,363	)		131,474
Operating costs and expenses:
Film exhibition costs		7,836			38,787			—			46,623
Concession costs		972			4,357			—			5,329
Other theatre operating costs		10,382			45,429			(6,363	)		49,448
General and administrative expenses		3,984			512			—			4,496
Severance agreement charges		845			—			—			845
Depreciation and amortization		1,691			6,183			—			7,874
Loss on sale of property and equipment		67			13			—			80
Write-off of note receivable		750			—			—			750
Impairment of long-lived assets		786			378			—			1,164
Total operating costs and expenses		27,313			95,659			(6,363	)		116,609
Operating income		1,441			13,424			—			14,865
Interest expense		2,738			5,893			—			8,631
Equity in earnings of subsidiaries		(7,493	)		—			7,493			—
Income before income tax and income from unconsolidated affiliates		6,196			7,531			(7,493	)		6,234
Income tax expense		794			—			—			794
Income from unconsolidated affiliates		405			92			—			497
Income from continuing operations		5,807			7,623			(7,493	)		5,937
Income (loss) from discontinued operations		76			(130	)		—			(54	)
Net income	$	5,883		$	7,493		$	(7,493	)	$	5,883

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2012
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries		Eliminations			Consolidated
Revenues:
Admissions	$	28,029		$	142,097	$	—		$	170,126
Concessions and other		29,804			79,988		(12,920	)		96,872
Total operating revenues		57,833			222,085		(12,920	)		266,998
Operating costs and expenses:
Film exhibition costs		15,238			76,802		—			92,040
Concession costs		2,014			9,088		—			11,102
Other theatre operating costs		21,530			96,644		(12,920	)		105,254
General and administrative expenses		9,016			1,158		—			10,174
Severance agreement charges		493			—		—			493
Depreciation and amortization		3,425			12,117		—			15,542
Loss on sale of property and equipment		20			228		—			248
Impairment of long-lived assets		13			1,523		—			1,536
Total operating costs and expenses		51,749			197,560		(12,920	)		236,389
Operating income		6,084			24,525		—			30,609
Interest expense		4,882			11,992		—			16,874
Loss on extinguishment of debt		4,961			—		—			4,961
Equity in earnings of subsidiaries		(7,306	)		—		7,306			—
Income before income tax and (loss) income from unconsolidated affiliates		3,547			12,533		(7,306	)		8,774
Income tax (benefit) expense		(2,109	)		5,441		—			3,332
(Loss) income from unconsolidated affiliates		(1,172	)		180		—			(992	)
Income from continuing operations		4,484			7,272		(7,306	)		4,450
(Loss) income from discontinued operations		(55	)		34		—			(21	)
Net income	$	4,429		$	7,306	$	(7,306	)	$	4,429

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2011
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	25,124		$	120,596		$	—		$	145,720
Concessions and other		26,298			66,434			(11,265	)		81,467
Total operating revenues		51,422			187,030			(11,265	)		227,187
Operating costs and expenses:
Film exhibition costs		13,656			65,043			—			78,699
Concession costs		1,716			7,479			—			9,195
Other theatre operating costs		20,408			89,318			(11,265	)		98,461
General and administrative expenses		8,169			1,060			—			9,229
Severance agreement charges		845			—			—			845
Depreciation and amortization		3,294			12,368			—			15,662
Loss (gain) on sale of property and equipment		67			(7	)		—			60
Write-off of note receivable		750			—			—			750
Impairment of long-lived assets		908			417			—			1,325
Total operating costs and expenses		49,813			175,678			(11,265	)		214,226
Operating income		1,609			11,352			—			12,961
Interest expense		5,976			11,808			—			17,784
Equity in loss of subsidiaries		519			—			(519	)		—
Loss before income tax and (loss) income from unconsolidated affiliates		(4,886	)		(456	)		519			(4,823	)
Income tax expense		7,289			—			—			7,289
(Loss) income from unconsolidated affiliates		(445	)		141			—			(304	)
Loss from continuing operations		(12,620	)		(315	)		519			(12,416	)
Income (loss) from discontinued operations		105			(204	)		—			(99	)
Net loss	$	(12,515	)	$	(519	)	$	519		$	(12,515	)

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Six Months Ended June 30, 2012
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities		(2,151	)		28,280			—		26,129
Cash flows from investing activities:
Purchases of property and equipment		(4,855	)		(5,771	)		—		(10,626	)
Purchase acquistion		—			(702	)		—		(702	)
Proceeds from sale of property and equipment		33			667			—		700
Other investing activities		314			—			—		314
Net cash used in investing activities		(4,508	)		(5,806	)		—		(10,314	)
Cash flows from financing activities:
Short-term borrowings		5,000			—			—		5,000
Repayments of short term borrowings		(5,000	)		—			—		(5,000	)
Issuance of long-term debt		209,500			—			—		209,500
Repayments of long-term debt		(200,229	)		—			—		(200,229	)
Debt issuance costs		(8,599	)		—			—		(8,599	)
Repayments of capital leases and long-term financing obligations		(162	)		(738	)		—		(900	)
Issuance of common stock		56,633			—			—		56,633
Purchase of treasury stock		(57	)		—			—		(57	)
Intercompany receivable/payable		18,916			(18,916	)		—		—
Net cash provided by (used in) financing activities		76,002			(19,654	)		—		56,348
Increase in cash and cash equivalents		69,343			2,820			—		72,163
Cash and cash equivalents at beginning of period		3,623			9,993			—		13,616
Cash and cash equivalents at end of period		72,966			12,813			—		85,779

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Six Months Ended June 30, 2011
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities	$	24,870		$	16,534		$	—	$	41,404
Cash flows from investing activities:
Purchases of property and equipment		(2,293	)		(3,955	)		—		(6,248	)
Proceeds from sale of property and equipment		6			438			—		444
Other investing activities		279			—			—		279
Net cash used in investing activities		(2,008	)		(3,517	)				(5,525	)
Cash flows from financing activities:
Repayments of long-term debt		(26,279	)		(844	)		—		(27,123	)
Intercompany receivable/payable		13,711			(13,711	)		—		—
Other financing activities		(588	)		—			—		(588	)
Net cash used in financing activities		(13,156	)		(14,555	)		—		(27,711	)
Increase / (decrease) in cash and cash equivalents		9,706			(1,538	)		—		8,168
Cash and cash equivalents at beginning of period		3,418			9,648			—		13,066
Cash and cash equivalents at end of period	$	13,124		$	8,110		$	—	$	21,234