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Discontinued Operations
12 Months Ended
Dec. 31, 2012
Discontinued Operations [Abstract]  
DISCONTINUED OPERATIONS

NOTE 13—DISCONTINUED OPERATIONS

Theatres are generally considered for closure due to an expiring lease term, underperformance, or the opportunity to better deploy invested capital. In 2012, 2011 and 2010, the Company closed eleven, seven and eight theatres, respectively. Of those closures, in 2012, 2011 and 2010, the Company classified six, five, and two theatres, respectively, as discontinued operations.

All activity from prior years included in the accompanying consolidated statements of operations has been reclassified to separately reflect the results of operations from 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 years ended December 31, 2012, 2011, and 2010:

 

                         
    For the year ended
December 31,
 
    2012     2011     2010  

Revenue from discontinued operations

  $ 2,483     $ 4,889     $ 8,866  
   

 

 

   

 

 

   

 

 

 

Operating loss before income taxes

  $ (350   $ (809   $ (733

Income tax benefit for discontinued operations

    108       274       281  

Gain on disposal, before taxes

    1,168       231       247  

Income tax expense on disposal

    (359     (79     (95
   

 

 

   

 

 

   

 

 

 

Income (loss) from discontinued operations

  $ 567     $ (383   $ (300