Commitments and Contingencies

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 15—COMMITMENTS AND CONTINGENCIES

Lease Obligations

At December 31, 2012, payments required on operating leases, capital leases and financing obligations are as follows:

	Operating Leases		Capital Leases			Financing Obligations
2013	$	53,666	$	6,067		$	28,300
2014		52,070		5,963			28,333
2015		50,353		6,036			28,988
2016		45,926		5,894			29,415
2017		38,826		5,918			31,399
Thereafter		210,539		20,001			316,289
Total minimum lease payments	$	451,380		49,879			462,724
Less amounts representing interest ranging from 3.6% to 19.6%				(23,221	)		(264,235	)
Present value of future minimum lease payments				26,658			198,489
Less current maturities				(1,941	)		(2,481	)
Long-term obligations			$	24,717		$	196,008

Rent expense on operating leases was $50,908, $46,411 and $47,798 for 2012, 2011 and 2010, respectively. Included in such amounts are approximately $1,789, $1,426 and $1,767 in contingent rental expense for 2012, 2011 and 2010, respectively. Interest expense includes $1,560, $1,205 and $1,394 for 2012, 2011 and 2010, respectively, related to contingent rent on capital leases and financing obligations.

Self Insurance—General Liability and Workers Compensation Insurance

The Company maintains a deductible of $150 per claim on its general liability insurance policy and a deductible of $300 per claim on its workers compensation insurance policy. The Company uses historical data and actuarial estimates to estimate the cost of claims incurred that are not covered by the insurance policies as of the balance sheet date. The Company has accrued $1,911 and $1,767 at December 31, 2012 and 2011, respectively, for such claims. These costs are included in other theatre operating costs in the consolidated statements of operations.