Guarantor Subsidiaries

9 Months Ended

Sep. 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 September 30, 2012 and December 31, 2011 and for the three and nine months ended September 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 September 30, 2012
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	71,106		$	10,937		$	—		$	82,043
Restricted cash		58			—			—			58
Accounts receivable		4,554			152			—			4,706
Inventories		649			2,211			—			2,860
Prepaid expenses and other assets		9,194			4,660			(3,976	)		9,878
Total current assets		85,561			17,960			(3,976	)		99,545
Property and equipment:
Land		12,079			40,567			—			52,646
Buildings and building improvements		45,558			223,458			—			269,016
Leasehold improvements		19,375			102,478			—			121,853
Assets under capital leases		8,675			36,295			—			44,970
Equipment		65,161			155,640			—			220,801
Construction in progress		1,076			6,390			—			7,466
Total property and equipment		151,924			564,828			—			716,752
Accumulated depreciation and amortization		(77,068	)		(288,190	)		—			(365,258	)
Property and equipment, net of accumulated depreciation		74,856			276,638			—			351,494
Intercompany receivables		102,346			—			(102,346	)		—
Investments in subsidiaries		90,553			—			(90,553	)		—
Goodwill		—			8,087			—			8,087
Intangible assets, net of accumulated amortization		—			1,088			—			1,088
Investments in unconsolidated affiliates		7,011			949			—			7,960
Other assets		14,926			6,094			—			21,020
Total assets	$	375,253		$	310,816		$	(196,875	)	$	489,194
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	18,250		$	1,825		$	—		$	20,075
Accrued expenses		23,370			17,277			(3,976	)		36,671
Current maturities of long-term debt, capital leases and long-term financing obligations		420			1,796			—			2,216
Total current liabilities		42,040			20,898			(3,976	)		58,962
Long-term liabilities:
Long-term debt, less current maturities		209,530			—			—			209,530
Capital leases and long-term financing obligations, less current maturities		27,970			85,267			—			113,237
Intercompany liabilities		—			102,346			(102,346	)		—
Deferred revenue		33,273			—			—			33,273
Other		5,272			11,752			—			17,024
Total long-term liabilities		276,045			199,365			(102,346	)		373,064
Stockholders’ equity:
Preferred stock		—			—			—			—
Common stock		539			1			(1	)		539
Treasury stock		(11,740	)		—			—			(11,740	)
Paid-in capital		349,046			237,800			(237,800	)		349,046
Accumulated deficit		(280,677	)		(147,248	)		147,248			(280,677	)
Total stockholders’ equity		57,168			90,553			(90,553	)		57,168
Total liabilities and stockholders’ equity	$	375,253		$	310,816		$	(196,875	)	$	489,194

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2011
	Carmike			Guarantor
	Cinemas, Inc			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 September 30, 2012
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	12,946		$	67,463		$	—		$	80,409
Concessions and other		14,062			39,168			(6,163	)		47,067
Total operating revenues		27,008			106,631			(6,163	)		127,476
Operating costs and expenses:
Film exhibition costs		7,163			36,983			—			44,146
Concession costs		975			4,793			—			5,768
Other theatre operating costs		10,402			49,141			(6,163	)		53,380
General and administrative expenses		5,094			556			—			5,650
Severance agreement charges		95			—			—			95
Depreciation and amortization		1,925			6,563			—			8,488
Loss (gain) on sale of property and equipment		718			(19	)		—			699
Impairment of long-lived assets		579			1,256			—			1,835
Total operating costs and expenses		26,951			99,273			(6,163	)		120,061
Operating income		57			7,358			—			7,415
Interest expense		2,117			6,488			—			8,605
Equity in earnings of subsidiaries		(284	)		—			284			—
Loss (income) before income tax and income from unconsolidated affiliates		(1,776	)		870			(284	)		(1,190	)
Income tax (benefit) expense		(157	)		621			—			464
Income from unconsolidated affiliates		1,870			80			—			1,950
Income from continuing operations		251			329			(284	)		296
Loss from discontinued operations		(18	)		(45	)		—			(63	)
Net income	$	233		$	284		$	(284	)	$	233

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended September 30, 2011
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	14,045		$	72,036		$	—		$	86,081
Concessions and other		14,247			39,450			(6,444	)		47,253
Total operating revenues		28,292			111,486			(6,444	)		133,334
Operating costs and expenses:
Film exhibition costs		7,764			39,232			—			46,996
Concession costs		980			4,691			—			5,671
Other theatre operating costs		10,905			49,632			(6,444	)		54,093
General and administrative expenses		3,922			536			—			4,458
Depreciation and amortization		1,686			6,560			—			8,246
Loss (gain) on sale of property and equipment		51			(4	)		—			47
Impairment of long-lived assets		—			18			—			18
Total operating costs and expenses		25,308			100,665			(6,444	)		119,529
Operating income		2,984			10,821			—			13,805
Interest expense		2,267			5,783			—			8,050
Equity in earnings of subsidiaries		(5,173	)		—			5,173			—
Income before income tax and income from unconsolidated affiliates		5,890			5,038			(5,173	)		5,755
Income tax expense (benefit)		3,999			(63	)		—			3,936
Income from unconsolidated affiliates		1,189			102			—			1,291
Income from continuing operations		3,080			5,203			(5,173	)		3,110
Income (loss) from discontinued operations		10			(30	)		—			(20	)
Net income	$	3,090		$	5,173		$	(5,173	)	$	3,090

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Nine Months Ended September 30, 2012
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	40,863		$	209,560		$	—		$	250,423
Concessions and other		43,815			119,156			(19,083	)		143,888
Total operating revenues		84,678			328,716			(19,083	)		394,311
Operating costs and expenses:
Film exhibition costs		22,341			113,785			—			136,126
Concession costs		2,983			13,880			—			16,863
Other theatre operating costs		31,763			145,785			(19,083	)		158,465
General and administrative expenses		14,112			1,714			—			15,826
Severance agreement charges		588			—			—			588
Depreciation and amortization		5,348			18,680			—			24,028
Loss on sale of property and equipment		739			209			—			948
Impairment of long-lived assets		593			2,778			—			3,371
Total operating costs and expenses		78,467			296,831			(19,083	)		356,215
Operating income		6,211			31,885			—			38,096
Interest expense		6,998			18,480			—			25,478
Loss on extinguishment of debt		4,961			—			—			4,961
Equity in earnings of subsidiaries		(7,570	)		—			7,570			—
Income before income tax and income from unconsolidated affiliates		1,822			13,405			(7,570	)		7,657
Income tax (benefit) expense		(2,240	)		6,062			—			3,822
Income from unconsolidated affiliates		698			260			—			958
Income from continuing operations		4,760			7,603			(7,570	)		4,793
Loss from discontinued operations		(97	)		(33	)		—			(130	)
Net income	$	4,663		$	7,570		$	(7,570	)	$	4,663

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Nine Months Ended September 30, 2011
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	39,046		$	192,631		$	—		$	231,677
Concessions and other		40,490			105,885			(17,710	)		128,665
Total operating revenues		79,536			298,516			(17,710	)		360,342
Operating costs and expenses:
Film exhibition costs		21,352			104,275			—			125,627
Concession costs		2,688			12,170			—			14,858
Other theatre operating costs		31,146			138,949			(17,710	)		152,385
General and administrative expenses		12,091			1,596			—			13,687
Severance agreement charges		845			—			—			845
Depreciation and amortization		4,975			18,930			—			23,905
Loss (gain) on sale of property and equipment		118			(10	)		—			108
Write-off of note receivable		750			—			—			750
Impairment of long-lived assets		907			435			—			1,342
Total operating costs and expenses		74,872			276,345			(17,710	)		333,507
Operating income		4,664			22,171			—			26,835
Interest expense		8,242			17,591			—			25,833
Equity in earnings of subsidiaries		(4,621	)		—			4,621			—
Income before income tax and income from unconsolidated affiliates		1,043			4,580			(4,621	)		1,002
Income tax expense (benefit)		11,255			(4	)		—			11,251
Income from unconsolidated affiliates		744			243			—			987
(Loss) income from continuing operations		(9,468	)		4,827			(4,621	)		(9,262	)
Income (loss) from discontinued operations		43			(206	)		—			(163	)
Net (loss) income	$	(9,425	)	$	4,621		$	(4,621	)	$	(9,425	)

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Nine Months Ended September 30, 2012
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities:	$	1,288		$	34,927		$	—	$	36,215
Cash flows from investing activities:
Purchases of property and equipment		(13,768	)		(12,155	)		—		(25,923	)
Theatre acquistion		—			(702	)		—		(702	)
Investment in unconsolidated affiliates		—			(54	)		—		(54	)
Proceeds from sale of property and equipment		2,059			798			—		2,857
Other investing activities		273			—			—		273
Net cash used in investing activities		(11,436	)		(12,113	)				(23,549	)
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		(8,621	)		—			—		(8,621	)
Repayments of capital leases and long-term financing obligations		(252	)		(1,145	)		—		(1,397	)
Issuance of common stock		56,565			—			—		56,565
Purchase of treasury stock		(57	)		—			—		(57	)
Intercompany receivable/payable		20,725			(20,725	)		—		—
Net cash provided by (used in) financing activities		77,631			(21,870	)		—		55,761
Increase in cash and cash equivalents		67,483			944			—		68,427
Cash and cash equivalents at beginning of period		3,623			9,993			—		13,616
Cash and cash equivalents at end of period	$	71,106		$	10,937		$	—	$	82,043

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Nine Months Ended September 30, 2011
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities:	$	21,830		$	27,693		$	—	$	49,523
Cash flows from investing activities:
Purchases of property and equipment		(1,527	)		(10,779	)				(12,306	)
Theatre acquistion		(2,550	)		—			—		(2,550	)
Investment in unconsolidated affiliates		(718	)		—			—		(718	)
Proceeds from sale of property and equipment		6			438					444
Other investing activities		260			—					260
Net cash used in investing activities		(4,529	)		(10,341	)				(14,870	)
Cash flows from financing activities:
Repayments of long-term debt		(26,698	)		—					(26,698	)
Intercompany receivable/payable		19,188			(19,188	)				—
Repayments of capital lease and long-term financing obligations		(182	)		(1,226	)				(1,408	)
Other financing activities		(614	)		—					(614	)
Net cash used in financing activities		(8,306	)		(20,414	)		—		(28,720	)
Increase / (decrease) in cash and cash equivalents		8,995			(3,062	)		—		5,933
Cash and cash equivalents at beginning of period		3,418			9,648					13,066
Cash and cash equivalents at end of period	$	12,413		$	6,586		$	—	$	18,999