10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission file number 000-14993

CARMIKE CINEMAS, INC.

(Exact Name of Registrant as Specified in Its Charter)

DELAWARE	58-1469127
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)

1301 First Avenue, Columbus, Georgia	31901-2109
(Address of Principal Executive Offices)	(Zip Code)

(706) 576-3400

(Registrant’s Telephone Number, Including Area Code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Indicate the number of shares outstanding of the issuer’s common stock, as of the latest practicable date.

Common Stock, par value $0.03 per share – 17,867,823 shares outstanding as of July 19, 2013.

TABLE OF CONTENTS

	Page
PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)		3
CONDENSED CONSOLIDATED BALANCE SHEETS		3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS		4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS		5
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS		6
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS		31
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK		39
ITEM 4. CONTROLS AND PROCEDURES		39
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS		41
ITEM 1A. RISK FACTORS		41
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS		41
ITEM 3. DEFAULTS UPON SENIOR SECURITIES		41
ITEM 4. MINE SAFETY DISCLOSURES		41
ITEM 5. OTHER INFORMATION		41
ITEM 6. EXHIBITS		42
EXHIBIT INDEX		42
SIGNATURES		44
EX-31.1 SECTION 302 CERTIFICATION OF CEO
EX-31.2 SECTION 302 CERTIFICATION OF CFO
EX-32.1 SECTION 906 CERTIFICATION OF CEO
EX-32.2 SECTION 906 CERTIFICATION OF CFO

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CARMIKE CINEMAS, INC. and SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands except share and per share data)

	June 30,			December 31,
	2013			2012
	(Unaudited)
Assets:
Current assets:
Cash and cash equivalents	$	83,736		$	68,531
Restricted cash		13			293
Accounts receivable		8,528			6,555
Inventories		3,580			4,186
Deferred income tax asset		4,471			2,896
Prepaid expenses and other current assets		11,376			10,936
Total current assets		111,704			93,397
Property and equipment:
Land		51,841			51,876
Buildings and building improvements		334,990			335,738
Leasehold improvements		145,382			141,758
Assets under capital leases		44,970			44,970
Equipment		239,702			235,223
Construction in progress		6,843			5,185
Total property and equipment		823,728			814,750
Accumulated depreciation and amortization		(387,652	)		(369,823	)
Property and equipment, net of accumulated depreciation		436,076			444,927
Goodwill		44,577			44,577
Intangible assets, net of accumulated amortization		1,009			1,061
Investments in unconsolidated affiliates (Note 10)		6,036			7,682
Deferred income tax asset		100,912			100,012
Other		19,627			21,072
Total assets	$	719,941		$	712,728
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	37,133		$	32,141
Accrued expenses		40,957			40,049
Current maturities of capital leases and long-term financing obligations		4,750			4,422
Total current liabilities		82,840			76,612
Long-term liabilities:
Long-term debt		209,583			209,548
Capital leases and long-term financing obligations, less current maturities		218,655			220,725
Deferred revenue		32,405			32,984
Other		24,986			23,425
Total long-term liabilities		485,629			486,682
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred Stock, $1.00 par value per share: 1,000,000 shares authorized, no shares issued		—			—
Common Stock, $0.03 par value per share: 35,000,000 shares authorized, 18,335,907 shares issued and 17,867,823 shares outstanding at June 30, 2013, and 18,244,179 shares issued and 17,786,949 shares outstanding at December 31, 2012		542			540
Treasury stock, 468,084 and 457,230 shares at cost at June 30, 2013 and December 31, 2012, respectively		(11,914	)		(11,740	)
Paid-in capital		350,982			349,666
Accumulated deficit		(188,138	)		(189,032	)
Total stockholders’ equity		151,472			149,434
Total liabilities and stockholders’ equity	$	719,941		$	712,728

The accompanying notes are an integral part of these condensed consolidated financial statements.

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CARMIKE CINEMAS, INC. and SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands except per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Revenues:
Admissions	$	107,825		$	86,434		$	189,348		$	169,125
Concessions and other		62,648			49,099			111,219			96,375
Total operating revenues		170,473			135,533			300,567			265,500
Operating costs and expenses:
Film exhibition costs		61,141			48,254			104,405			91,497
Concession costs		7,730			5,481			13,699			11,048
Other theatre operating costs		61,768			52,290			119,728			104,421
Lease termination charges (Note 12)		—			—			3,063			—
General and administrative expenses		6,032			5,174			12,047			10,174
Severance agreement charges		—			493			—			493
Depreciation and amortization		10,251			7,737			20,483			15,504
(Gain) loss on sale of property and equipment		(21	)		—			59			248
Impairment of long-lived assets		207			50			411			1,536
Total operating costs and expenses		147,108			119,479			273,895			234,921
Operating income		23,365			16,054			26,672			30,579
Interest expense		12,346			8,611			24,645			16,874
Loss on extinguishment of debt		—			4,961			—			4,961
Income before income tax and income (loss) from unconsolidated affiliates		11,019			2,482			2,027			8,744
Income tax expense (Note 4)		4,755			912			459			3,320
Income (loss) from unconsolidated affiliates (Note 10)		352			(448	)		(663	)		(992	)
Income from continuing operations		6,616			1,122			905			4,432
Income (loss) from discontinued operations (Note 6)		61			76			(11	)		(3	)
Net income	$	6,677		$	1,198		$	894		$	4,429
Weighted average shares outstanding:
Basic		17,598			16,963			17,573			14,894
Diluted		18,068			17,364			18,033			15,147
Net income per common share (Basic):
Income from continuing operations	$	0.38		$	0.07		$	0.05		$	0.30
Net income	$	0.38		$	0.07		$	0.05		$	0.30
Net income per common share (Diluted):
Income from continuing operations	$	0.37		$	0.07		$	0.05		$	0.29
Net income	$	0.37		$	0.07		$	0.05		$	0.29

The accompanying notes are an integral part of these condensed consolidated financial statements.

4

CARMIKE CINEMAS, INC. and SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

	Six Months Ended June 30,
	2013			2012
	(Unaudited)			(Unaudited)
Cash flows from operating activities:
Net income	$	894		$	4,429
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		20,487			15,571
Amortization of debt issuance costs		724			1,035
Impairment on long-lived assets		411			1,536
Loss on extinguishment of debt		—			4,961
Deferred income taxes		(2,475	)		—
Stock-based compensation		1,318			1,101
Loss from unconsolidated affiliates		1,372			1,702
Other		237			205
Gain (loss) on sale of property and equipment		(50	)		124
Changes in operating assets and liabilities:
Accounts receivable and inventories		(1,271	)		(1,447	)
Prepaid expenses and other assets		402			209
Accounts payable		7,685			(5,761	)
Accrued expenses and other liabilities		1,967			2,258
Distributions from unconsolidated affiliates		188			206
Net cash provided by operating activities		31,889			26,129
Cash flows from investing activities:
Purchases of property and equipment		(13,691	)		(10,626	)
Release of restricted cash		280			314
Theatre acquisition		(1,349	)		(702	)
Proceeds from sale of property and equipment		229			700
Net cash used in investing activities		(14,531	)		(10,314	)
Cash flows from financing activities:
Debt activities:
Short-term borrowings		—			5,000
Repayment of short-term borrowings		—			(5,000	)
Issuance of long-term debt		—			209,500
Repayments of long-term debt		—			(200,229	)
Debt issuance costs		—			(8,599	)
Repayments of capital lease and long-term financing obligations		(1,979	)		(900	)
Issuance of common stock		—			56,633
Purchase of treasury stock		(174	)		(57	)
Net cash (used in) provided by financing activities		(2,153	)		56,348
Increase in cash and cash equivalents		15,205			72,163
Cash and cash equivalents at beginning of period		68,531			13,616
Cash and cash equivalents at end of period	$	83,736		$	85,779
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest	$	23,639		$	12,913
Income taxes	$	890		$	2,789
Non-cash investing and financing activities:
Non-cash purchase of property and equipment	$	1,727		$	516

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

CARMIKE CINEMAS, INC. and SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the three and six months ended June 30, 2013 and 2012

(unaudited)

(in thousands except share and per share data)

NOTE 1—BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Carmike Cinemas, Inc. (referred to as “we”, “us”, “our”, and the “Company”) has prepared the accompanying unaudited condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (the “SEC”). This information reflects all adjustments which in the opinion of management are necessary for a fair presentation of the balance sheet as of June 30, 2013 and December 31, 2012, the results of operations for the three and six month periods ended June 30, 2013 and 2012 and cash flows for the six months ended June 30, 2013 and 2012. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. The Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012. That report includes a summary of our critical accounting policies. There have been no material changes in our accounting policies during the first six months of 2013.

The consolidated financial statements include the accounts of the Company’s wholly owned subsidiaries. All intercompany transactions and balances have been eliminated.

Accounting Estimates

In the preparation of financial statements in conformity with GAAP, management must make certain estimates, judgments and assumptions. These estimates, judgments and assumptions are made when accounting for items and matters such as, but not limited to, depreciation, amortization, asset valuations, impairment assessments, lease classification, employee benefits, income taxes, reserves and other provisions and contingencies. These estimates are based on the information available when recorded. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Changes in estimates are recognized in the period they are determined.

Discontinued Operations

The results of operations for theatres that have been disposed of or classified as held for sale are eliminated from the Company’s continuing operations and classified as discontinued operations for each period presented within the Company’s condensed consolidated statements of operations. Theatres are reported as discontinued operations when the Company no longer has continuing involvement in the theatre operations and the cash flows have been eliminated, which generally occurs when the Company no longer has operations in a given market. See Note 6 – Discontinued Operations.

Impairment of Long-Lived Assets

Long-lived assets are tested for recoverability whenever events or circumstances indicate that the assets’ carrying values may not be recoverable. The Company performs its impairment analysis at the individual theatre-level, the lowest level of independent, identifiable cash flow. Management reviews all available evidence when assessing long-lived assets for impairment, including negative trends in theatre-level cash flow, the impact of competition, the age of the theatre, and alternative uses of the assets. The Company’s evaluation of negative trends in theatre-level cash flow considers the seasonality of the business, with significant revenues and cash flow generated in the summer and year-end holiday season. Absent any unusual circumstances, management evaluates new theatres for potential impairment only after a theatre has been open and operational for a sufficient period of time to allow its operations to mature.

For those assets that are identified as potentially being impaired, if the undiscounted future cash flows from such assets are less than the carrying value, the Company recognizes a loss equal to the difference between the carrying value and the asset’s fair value. The fair value of the assets is primarily estimated using the discounted future cash flow of the assets with consideration of other valuation techniques and using assumptions consistent with those used by market participants. Significant judgment is involved in estimating cash flows and fair value; significant assumptions include attendance levels, admissions and concessions pricing, and the weighted-average cost of capital. Management’s estimates are based on historical and projected operating performance.

6

Fair Value Measurements

The carrying values of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair value due to the short-term maturities of these assets and liabilities.

The fair value of the Senior Secured Notes and Credit Facility described in Note 3 – Debt is estimated based on quoted market prices at the date of measurement.

Comprehensive Income

The Company has no other comprehensive income items.

Recent Accounting Pronouncements

There have been no new accounting pronouncements issued or effective through the six months ended June 30, 2013 that had or are expected to have a significant impact on the Company’s condensed consolidated financial statements.

NOTE 2—IMPAIRMENT OF LONG-LIVED ASSETS

For the three and six months ended June 30, 2013, impairment charges aggregated to $207 and $411, respectively. The impairment charges were primarily the result of the continued deterioration of previously impaired theatres. During the three months ended June 30, 2013, competition entered a market where the Company operates one theatre. Due to the limited time in which competition has been in the market and seasonality of the Company’s business, the Company is currently not able to estimate the financial impact on the operating results of the theatre. The Company recorded impairment charges of $50 and $1,536 during the three and six months ended June 30, 2012, respectively, which were primarily the result of the Company’s plan to replace an owned theatre prior to the end of its useful life and the continued deterioration of previously impaired theatres.

The estimated aggregate fair value of the long-lived assets impaired during the three and six months ended June 30, 2013 was approximately $712 and $1,250, respectively. These fair value estimates are considered Level 3 estimates within the fair value hierarchy prescribed by Accounting Standards Codification (“ASC 820”) Fair Value Measurements, and were derived primarily from discounting estimated future cash flows. Future cash flows for a particular theatre are based on historical cash flows for that theatre, after giving effect to future attendance fluctuations, and are projected through the remainder of its lease term or useful life. The Company projects future attendance fluctuations of (10%) to 10%. The risk-adjusted rate of return used to discount these cash flows ranges from 10% to 15%.

NOTE 3—DEBT

The Company’s debt consisted of the following on the dates indicated:

	June 30,			December 31,
	2013			2012
Senior secured notes	$	210,000		$	210,000
Revolving credit facility		—			—
Original issue discount		(417	)		(452	)
Total debt		209,583			209,548
Current maturities		—			—
Total long-term debt	$	209,583		$	209,548

Senior Secured Notes

In April 2012, the Company issued $210,000 aggregate principal amount of 7.375% Senior Secured Notes due May 15, 2019 (the “Senior Secured Notes”). The proceeds were used to repay the Company’s $265,000 senior secured term loan that was due in January 2016 with a then outstanding balance of $198,700. Interest is payable on the Senior Secured Notes on May 15 and November 15 of each year.

The Senior Secured Notes are fully and unconditionally guaranteed by each of the Company’s existing subsidiaries and will be guaranteed by any future domestic wholly-owned restricted subsidiaries of the Company. Debt issuance costs and other transaction fees of $8,600 are included in other non-current assets and amortized over the life of the debt as interest expense. The Senior Secured Notes are secured, subject to certain permitted liens, on a second priority basis by substantially all of the Company’s and the guarantors’ current and future property and assets (including the capital stock of the Company’s current subsidiaries), other than certain excluded assets.

7

At any time prior to May 15, 2015, the Company may redeem up to 35% of the aggregate principal amount of the Senior Secured Notes with the proceeds of certain equity offerings at a redemption price equal to 107.375% of the principal amount of the Senior Secured Notes, plus accrued and unpaid interest to, but excluding the redemption date; provided, however, that at least 65% of the aggregate principal amount of the Senior Secured Notes are outstanding immediately following the redemption. In addition, at any time prior to May 15, 2015, the Company may redeem all or a portion of the Senior Secured Notes by paying a “make-whole” premium calculated as described in the indenture governing the Senior Secured Notes (the “Indenture”). The Company has not separated the make-whole premium from the underlying debt instrument to account for it as a derivative instrument as the economic characteristics and risks of this embedded derivative are clearly and closely related to the economic characteristics of the underlying debt.

At any time on or after May 15, 2015, the Company may redeem all or a portion of the Senior Secured Notes at redemption prices calculated based on a percentage of the principal amount of the Senior Secured Notes being redeemed, plus accrued and unpaid interest, if any, to the redemption date, depending on the date on which the Senior Secured Notes are redeemed. These percentages range from between 100.00% and 105.53%.

Following a change of control, as defined in the Indenture, the Company will be required to make an offer to repurchase all or any portion of the Senior Secured Notes at a purchase price of 101% of the principal amount, plus accrued and unpaid interest to, but excluding, the date of repurchase.

Revolving Credit Facility

In April 2012, the Company also entered into a new $25,000 revolving credit facility (the “Credit Facility”) with an interest rate of LIBOR (subject to a 1.00% floor) plus a margin of 4.50%, or Base Rate (subject to a 2.00% floor) plus a margin of 3.50%, as the Company may elect. In addition, the Company is required to pay commitment fees on the unused portion of the Credit Facility at the rate of 0.50% per annum. The termination date of the Credit facility is April 27, 2016. The $25,000 revolving credit facility replaced the prior $30,000 revolving credit facility that was scheduled to mature in January 2013.

The Credit Facility includes a sub-facility for the issuance of letters of credit totaling up to $10,000. The Company’s obligations under the Credit Facility are guaranteed by each of the Company’s existing and future direct and indirect wholly-owned domestic subsidiaries, and the obligations of the Company and such guarantors in respect of the Credit Facility are secured by first priority liens on substantially all of the Company’s and such subsidiaries’ current and future property and assets, other than certain excluded assets pursuant to the first lien guarantee and collateral agreement by and among the Company, such guarantors and Wells Fargo Bank, National Association, as collateral trustee. In addition, the Credit Facility contains provisions to accommodate the incurrence of up to $150,000 in future incremental borrowings. While the Credit Facility does not contain any commitment by the lenders to provide this incremental indebtedness, the Credit Facility describes how such debt (if provided by the Company’s existing or new lenders) would be subject to various financial and other covenant compliance requirements and conditions at the time the additional debt is incurred. There was no outstanding balance on the revolving credit facility at June 30, 2013.

The fair value of the Senior Secured Notes at June 30, 2013 and December 31, 2012 is estimated based on quoted market prices as follows:

	As of June 30,		As of December 31,
	2013		2012
Carrying amount, net	$	210,000	$	210,000
Fair value	$	224,175	$	226,800

Debt Covenants

The Indenture and the Credit Facility include covenants which, among other things, limit the Company’s and its subsidiaries’ ability, to:

• incur additional indebtedness or guarantee obligations;

• issue certain preferred stock or redeemable stock;

• pay dividends beyond certain calculated thresholds, repurchase or make distributions in respect of the Company’s capital stock or make other restricted payments;

• make certain investments;

• sell, transfer or otherwise convey certain assets;

8

• create or incur liens or other encumbrances;

• prepay, redeem or repurchase subordinated debt prior to stated maturities;

• designate the Company’s subsidiaries as unrestricted subsidiaries;

• consolidate, merge, sell or otherwise dispose of all or substantially all of the Company’s assets;

• enter into a new or different line of business; and

• enter into certain transactions with the Company’s affiliates.

The restrictive covenants are subject to a number of important exceptions and qualifications set forth in the Indenture and the Credit Facility.

The Indenture provides for customary events of default. If any event of default occurs and is continuing, subject to certain exceptions, the trustee or the holders of at least 25% in aggregate principal amount of the then outstanding Senior Secured Notes may declare all the Senior Secured Notes to be due and payable immediately, together with any accrued and unpaid interest, if any, to the acceleration date. In the case of an event of default resulting from certain events of bankruptcy, insolvency or reorganization, such amounts with respect to the Senior Secured Notes will be due and payable immediately without any declaration or other act on the part of the trustee or the holders of the Senior Secured Notes.

The Credit Facility contains further limitations on the Company’s ability to incur additional indebtedness and liens. In addition, to the extent the Company incurs certain specified levels of additional indebtedness, further limitations under the Credit Facility will become applicable under covenants related to sales of assets, sale-leaseback transactions, investment transactions, and the payment of dividends and other restricted payments. If the Company draws on the Credit Facility, the Company will be required to maintain a first lien leverage ratio as defined (the “Leverage Ratio”) not more than 2.75 to 1.00. The Credit Facility also contains certain representations and warranties, other affirmative and negative covenants, and events of default customary for secured revolving credit facilities of this type.

The Company’s failure to comply with any of these covenants, including compliance with the Leverage Ratio, will be an event of default under the Credit Facility, in which case the administrative agent may, with the consent or at the request of lenders holding a majority of the commitments and outstanding loans, terminate the Credit Facility and declare all or any portion of the obligations under the Credit Facility due and payable. Other events of default under the Credit Facility include:

• the Company’s failure to pay principal on the loans when due and payable, or its failure to pay interest on the loans or to pay certain fees and expenses (subject to applicable grace periods);

• the occurrence of a change of control (as defined in the Credit Facility);

• a breach or default by the Company or its subsidiaries on the payment of principal of any other indebtedness in an aggregate amount greater than $10,000;

• breach of representations or warranties in any material respect;

• failure to perform other obligations under the Credit Facility and the security documents for the Credit Facility (subject to applicable cure periods); or

• certain bankruptcy or insolvency events.

In the event of a bankruptcy or insolvency event of default, the Credit Facility will automatically terminate, and all obligations thereunder will immediately become due and payable.

As of June 30, 2013, the Company was in compliance with all of the financial covenants in its Indenture and Credit Facility.

NOTE 4—INCOME TAXES

The Company’s effective income tax rate is based on expected income, statutory tax rates and tax planning opportunities available in the various jurisdictions in which it operates. For interim financial reporting, the Company estimates the annual income tax rate based on projected taxable income for the full year and records a quarterly income tax provision or benefit in accordance with the anticipated annual rate. The Company refines the estimates of the year’s taxable income as new information becomes available,

9

including actual year-to-date financial results. Included in the Company’s estimates are the effects of the American Taxpayer Relief Act of 2012 (“ATRA 2012”) which did not have a significant impact on the Company’s income tax provision. However, our effective tax rate for the six months ended June 2013 was decreased by the tax benefit of certain employment credits reinstated by ATRA 2012 that were recognized during the period, as measured against our year-to-date income.” This continual estimation process often results in a change to the expected effective income tax rate for the year. When this occurs, the Company adjusts the income tax provision during the quarter in which the change in estimate occurs so that the year-to-date provision reflects the expected annual income tax rate. Significant judgment is required in determining the effective tax rate and in evaluating the tax positions.

The effective tax rate from continuing operations for the three months ended June 30, 2013 and 2012 was 41.8% and 44.8%, respectively. The effective tax rate from continuing operations for the six months ended June 30, 2013 and 2012 was 33.7% and 42.8%, respectively. The Company’s tax rate for the three months ended June 30, 2013 differs from the statutory tax rate primarily due to state income taxes, permanent tax items and changes in uncertain tax positions. The Company’s tax rate for the six months ended June 30, 2013 differs from the statutory tax rate primarily due to federal employment credits partially offset by state income taxes, permanent tax items and changes in uncertain tax positions. The Company’s tax rates for the three and six months ended June 30, 2012 differ from the statutory tax rate primarily due to temporary differences between the financial reporting basis and tax basis of its assets and liabilities and the inability to recognize an associated deferred tax benefit, due to the Company’s assessment that the realization of its deferred tax assets was unlikely. The Company released its valuation allowance against its deferred tax assets at December 31, 2012. The Company believes that the effective tax rate for the three and six months ended June 30, 2013 and future periods will more closely reflect the statutory tax rate.

The Company experienced an “ownership change” within the meaning of Section 382(g) of the Internal Revenue Code of 1986, as amended (the “IRC”), during the fourth quarter of 2008. The ownership change has and will continue to subject the Company’s pre-ownership change net operating loss carryforwards to an annual limitation, which will significantly restrict its ability to use them to offset taxable income in periods following the ownership change. In general, the annual use limitation equals the aggregate value of the Company’s stock at the time of the ownership change multiplied by a specified tax-exempt interest rate.

The Company determined that at the date of the ownership change, it had a net unrealized built-in loss (“NUBIL”). The NUBIL is determined based on the difference between the fair market value of the Company’s assets and their tax basis at the ownership change. Because of the NUBIL, certain deductions recognized during the five-year period beginning on the date of the IRC Section 382 ownership change (the “recognition period”) are subjected to the same limitation as the net operating loss carryforwards. Because the annual limitation is applied first against the realized built-in losses (“RBILs”), the Company does not expect to utilize any of its net operating loss carryforwards during the five year recognition period. The amount of the disallowed RBILs could increase if the Company disposes of assets with built-in losses at the date of the ownership change during the recognition period. As a result of the 2008 ownership change, the Company is limited to an approximate $1.7 million annual limitation on its ability to utilize its pre-change net operating loss (“NOLs”) and recognized built-in losses. The recognition period ends at October 15, 2013.

An ownership change was also deemed to have occurred during the second quarter of 2012. The Company does not believe this change will further limit its ability to utilize its net operating loss carryforwards or certain other deductions.

At June 30, 2013 and December 31, 2012, the Company’s total deferred tax assets, net of both deferred tax liabilities and IRC Section 382 limitations, were $105,383 and $102,908, respectively. As of each reporting date, the Company assesses whether it is more likely than not that its deferred tax assets will be recovered from future taxable income, taking into account such factors as earnings history, taxable income in the carryback period, reversing temporary differences, projections of future taxable income, the finite lives of certain deferred tax assets, tax planning strategies and the impact of IRC Section 382 limitations. Both positive and negative evidence, as well as the objectivity and verifiability of that evidence, is considered in determining the appropriateness of recording a valuation allowance on deferred tax assets. When sufficient evidence exists that indicates that recovery is not more likely than not, a valuation allowance is established against the deferred tax assets, increasing the Company’s income tax expense in the period that such conclusion is made. After reviewing all positive and negative evidence at June 30, 2013 and December 31, 2012, the Company determined that it was more likely than not that its deferred tax asset balance would be recovered from future taxable income. The Company’s determination not to record a valuation allowance involves significant estimates and judgments. If future results are significantly different from these estimates and judgments, the Company may be required to record a valuation allowance against its deferred tax assets.

As of June 30, 2013 and December 31, 2012, the amount of unrecognized tax benefits was $2,678, all of which would affect the Company’s annual effective tax rate, if recognized. This unrecognized tax benefit is primarily associated with the Company’s non-forfeitable ownership interest in SV Holdco, LLC (see Note 9 – Screenvision Exhibition, Inc.). The Company has recognized a tax basis for these units that is lower than their carrying value for financial statement purposes. However, as this tax position may not be sustained upon examination, the Company has recorded a related liability for this uncertain tax position.

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NOTE 5—EQUITY BASED COMPENSATION

In March 2004, the Board of Directors adopted the Carmike Cinemas, Inc. 2004 Incentive Stock Plan (the “2004 Incentive Stock Plan”). The Company’s Compensation and Nominating Committee (or similar committee) may grant stock options, stock grants, stock units, and stock appreciation rights under the 2004 Incentive Stock Plan to certain eligible employees and to outside directors. As of June 30, 2013, there were 1,102,010 shares available for future grants under the 2004 Incentive Stock Plan. The Company’s policy is to issue new shares upon exercise of options and the issuance of stock grants.

The Company also issues restricted stock awards to certain key employees and directors. Generally, the restricted stock vests over a one to three year period and compensation expense is recognized over the one to three year period equal to the grant date fair value of the shares awarded. As of June 30, 2013, the Company also had 361,603 shares of performance-based awards outstanding which are dependent on the achievement of EBITDA targets that vest over a three-year period. As of June 30, 2013, 135,803 shares of these performance-based stock awards have been earned due to the achievement of EBITDA targets. Performance-based stock awards are recognized as compensation expense over the vesting period based on the fair value on the date of grant and the number of shares ultimately expected to vest. The Company has determined the achievement of the performance target for the unearned awards is probable.

The Company’s total stock-based compensation expense was approximately $607 and $638 for the three months ended June 30, 2013 and 2012, respectively, and $1,318 and $1,101 for the six months ended June 30, 2013 and 2012, respectively. Included in stock-based compensation expense for the three and six months ended June 30, 2012, is $115 related to the accelerated vesting of stock-based awards to the Company’s former Vice President-General Manager Theatre Operations. Stock-based compensation expense is included in general and administrative expenses in the consolidated statement of operations. As of June 30, 2013, the Company had approximately $5,376 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the Company’s plans. This cost is expected to be recognized as stock-based compensation expense over a weighted-average period of approximately 2.1 years. This expected cost does not include the impact of any future stock-based compensation awards.

Options—Service Condition Vesting

The Company currently uses the Black-Scholes option pricing model to determine the fair value of its stock options for which vesting is dependent only on employees providing future service. Such stock options vest equally over a three-year period, except for options granted to members of the Board of Directors that vest immediately upon issuance. The stock options expire 10 years after the grant date. The Company’s stock-based compensation expense is recorded based on an estimated forfeiture rate of 5%.

No options were granted during the first six months of 2013 or 2012. The following table sets forth the summary of option activity for stock options with service vesting conditions as of June 30, 2013:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
	Shares			Price		Life (Yrs.)		Value
Outstanding at January 1, 2013		747,500		$	12.32		5.92
Granted		—		$	—
Exercised		—		$	—
Expired		(90,000	)	$	27.15
Forfeited		—		$	—
Outstanding at June 30, 2013		657,500		$	10.29		6.21	$	6,623
Exercisable on June 30, 2013		601,662		$	10.58		6.06	$	5,941
Expected to vest June 30, 2013		53,929		$	7.14		7.77	$	659

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Restricted Stock

The following table sets forth the summary of activity for restricted stock grants, including performance-based awards, for the six months ended June 30, 2013:

				Weighted
				Average
				Grant Date
	Shares			Fair Value
Nonvested at January 1, 2013		458,981		$	10.85
Granted		213,954		$	15.78
Vested		(97,928	)	$	11.78
Forfeited		—		$	—
Nonvested at June 30, 2013		575,007		$	12.53

NOTE 6—DISCONTINUED OPERATIONS

Theatres are generally considered for closure due to an expiring lease, underperformance, or the opportunity to better deploy invested capital. The Company did not close any theatres during the three months ended June 30, 2013. During the three months ended June 30 2012, the Company closed three theatres and for the six months ended June 30, 2013 and 2012, the Company closed seven theatres in each period. With respect to the closures during the three months ended June 30, 2012, the Company classified one theatre as discontinued operations, and for the six months ended June 30, 2013 and 2012, the Company classified one theatre and four theatres, respectively, 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 continuing operations, and the Company will not have any continuing involvement in their operations.

All activity during the three and six months ended June 30, 2013 included in the accompanying consolidated statements of operations has been reclassified to separately reflect the results of operations from theatres closed in 2013 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 and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,
	2013			2012
Revenue from discontinued operations	$	—		$	800
Operating loss before income taxes	$	(16	)	$	(44	)
Income tax benefit from discontinued operations		6			16
Gain on disposal, before income taxes		119			166
Income tax expense on disposal		(48	)		(62	)
Income from discontinued operations	$	61		$	76
	Six months ended June 30,
	2013			2012
Revenue from discontinued operations	$	23		$	1,741
Operating loss before income taxes	$	(126	)	$	(129	)
Income tax benefit from discontinued operations		52			48
Gain on disposal, before income taxes		107			124
Income tax expense on disposal		(44	)		(46	)
Loss from discontinued operations	$	(11	)	$	(3	)

NOTE 7—COMMITMENTS AND CONTINGENCIES

Contingencies

The Company, in the normal course of business, is involved in routine litigation and legal proceedings, such as personal injury claims, employment matters, contractual disputes and claims alleging Americans with Disabilities Act violations. Currently, there is no pending litigation or proceedings that the Company believes will have a material adverse effect, either individually or in the aggregate, on its business or its financial position, results of operations or cash flow.

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NOTE 8—NET INCOME PER SHARE

Basic net income per common share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted income per share is computed using the weighted-average number of common shares and common stock equivalents outstanding. Common stock equivalents totaling 28,123 and 243,160 for the three months ended June 30, 2013 and 2012, respectively, and common stock equivalents totaling 32,967 and 390,833 for the six months ended June 30, 2013 and 2012, respectively, were excluded from the calculation of diluted earnings per share because of a decline in the average market price of the common stock compared to the price on the grant date.

NOTE 9—SCREENVISION EXHIBITION, INC.

On October 14, 2010, the Company finalized the modification of its long-term exhibition agreement (the “Modified Exhibition Agreement”) with Screenvision Exhibition, Inc. (“Screenvision”), the Company’s exclusive provider of on-screen advertising services. The Modified Exhibition Agreement extends the Company’s exhibition agreement with Screenvision, which was set to expire on July 1, 2012, for an additional 30 year term through July 1, 2042 (“Expiration Date”).

In connection with the Modified Exhibition Agreement, the Company received a cash payment of $30,000 from Screenvision in January 2011. In addition, on October 14, 2010, the Company received, for no additional consideration, Class C membership units representing, as of that date, approximately 20% of the issued and outstanding membership units of SV Holdco, LLC (“SV Holdco”). SV Holdco is a holding company that owns and operates the Screenvision business through a subsidiary entity. SV Holdco has elected to be taxed as a partnership for U.S. federal income tax purposes.

In September 2011, the Company made a voluntary capital contribution of $718 to SV Holdco. The capital contribution was made to maintain the Company’s relative ownership interest following an acquisition by Screenvision and additional capital contributions by other owners of SV Holdco. The Company received Class A membership units representing less than 1% of the issued and outstanding membership units of SV Holdco in return for the Company’s capital contribution.

As of June 30, 2013, the Company held Class C and Class A membership units representing approximately 19% of the total issued and outstanding membership units of SV Holdco. As of June 30, 2013, the carrying value of the Company’s ownership interest in SV Holdco is $5,111 and is included in investments in unconsolidated affiliates in the consolidated balance sheets. For book purposes, the Company has accounted for its investment in SV Holdco, LLC, a limited liability company for which separate accounts of each investor are maintained, as an equity method investment pursuant to Accounting Standards Codification 970-323-25-6.

The Company’s Class C membership units are intended to be treated as a “profits interest” in SV Holdco for U.S. federal income tax purposes and thus do not give the Company an interest in the other members’ initial or subsequent capital contributions. As a profits interest, the Company’s Class C membership units are designed to represent an equity interest in SV Holdco’s future profits and appreciation in assets beyond a defined threshold amount, which equaled $85,000 as of October 14, 2010. The $85,000 threshold amount represented the agreed upon value of initial capital contributions made by the members to SV Holdco and is subject to adjustment to account for future capital contributions made to SV Holdco. Accordingly, the threshold amount applicable to the Company’s Class C membership units equaled $88,000 as of June 30, 2013.

The Company will also receive additional Class C membership units (“bonus units”), all of which will be subject to forfeiture, or may forfeit some of its initial Class C membership units, based upon changes in the Company’s future theatre and screen count. However, the Company will not forfeit more than 25% of the Class C membership units it received in October 2010, and the Company will not receive bonus units in excess of 33% of the Class C membership units it received in October 2010. Any bonus units and the initial Class C membership units subject to forfeiture will each become non-forfeitable on the Expiration Date, or upon the earlier occurrence of certain events, including (1) a change of control or liquidation of SV Holdco or (2) the consummation of an initial public offering of securities of SV Holdco. The Company’s Class C units in SV Holdco LLC that are subject to forfeiture, and any bonus units that may be awarded in future periods, will not be recognized in its consolidated financial statements until such units become non-forfeitable. Upon recognition, the Company will record its investment in any additional Class C and bonus units and will recognize revenue equal to the then estimated fair value of such units. The non-forfeitable ownership interest in SV Holdco was recorded at an estimated fair value of $6,555 which was determined using the Black Scholes Model. The Company has applied the equity method of accounting for the non-forfeitable units and for financial reporting purposes began recording the related percentage of the earnings or losses of SV Holdco in its consolidated statement of operations since October 14, 2010. The Company’s non-forfeitable Class C and Class A membership units represented approximately 15% of the total issued and outstanding membership units of SV Holdco as of June 30, 2013 and December 31, 2012.

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For financial reporting purposes, the gains from both the $30,000 cash payment to the Company and its non-forfeitable membership units in SV Holdco ($36,555 in the aggregate) have been deferred and will be recognized as concessions and other revenue on a straight line basis over the remaining term of the Modified Exhibition Agreement. The Company has included in concessions and other revenue in the consolidated statement of operations amounts related to Screenvision of approximately $2,500 and $2,100 for the three months ended June 30, 2013 and 2012, respectively, and approximately $4,500 and $4,400 for the six months ended June 30, 2013 and 2012, respectively. The Company reclassifies certain amounts from Screenvision included in concessions and other revenue to earnings from unconsolidated affiliates. The amount reclassified is based on the Company’s non-forfeitable ownership percentage of SV Holdco membership units, represents an intercompany gain to the Company and totaled $440 and $399 for the three months ended June 30, 2013 and 2012, respectively, and $794 and $796 for the six months ended June 30, 2013 and 2012, respectively. The Company has included in accounts receivable in the consolidated balance sheets amounts due from Screenvision of $2,058 and $2,030 at June 30, 2013 and December 31, 2012, respectively.

A summary of changes in investments in unconsolidated affiliates and deferred revenue for the Company’s equity method investment in SV Holdco for the six months ended June 30, 2013 is as follows:

Investments in unconsolidated affiliates	SV Holdco
Balance at January 1, 2013	$	6,740
Equity earnings of SV Holdco		(1,629	)
Balance at June 30, 2013	$	5,111

Deferred revenue	SV Holdco
Balance at January 1, 2013	$	34,141
Amortization of up-front payment		(473	)
Amortization of Class C units		(106	)
Balance at June 30, 2013	$	33,562

NOTE 10—INVESTMENTS IN UNCONSOLIDATED AFFILIATES

Our investments in affiliated companies accounted for by the equity method consist of our ownership interest in Screenvision, as discussed in Note 9 – Screenvision Exhibition, Inc., and interests in other joint ventures.

Combined financial information of the unconsolidated affiliated companies accounted for by the equity method is as follows:

	As of June 30,
	2013
Assets:
Current assets	$	41,212
Noncurrent assets		151,903
Total assets	$	193,115
Liabilities:
Current liabilities	$	45,955
Noncurrent liabilities		71,914
Total liabilities	$	117,869

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	Three Months Ended
	June 30, 2013			June 30, 2012
Results of operations:
Revenue	$	40,946		$	31,403
Net income	$	(1,145	)	$	(5,328	)
	Six Months Ended
	June 30, 2013			June 30, 2012
Results of operations:
Revenue	$	58,734		$	54,187
Net loss	$	(10,498	)	$	(13,697	)

A summary of activity in income from unconsolidated affiliates for the six months ended June 30, 2013 and 2012 is as follows:

	June 30,
Income from unconsolidated affiliates	2013			2012
Loss from unconsolidated affiliates	$	(1,457	)	$	(1,788	)
Elimination of intercompany revenue		794			796
Loss from unconsolidated affiliates	$	(663	)	$	(992	)

NOTE 11—THEATRE ACQUISITIONS

On November 15, 2012, the Company completed its acquisition of 16 entertainment complexes and 251 screens in seven U.S. states (the “Theatres”) pursuant to the terms of the Membership Interest Purchase Agreement with Rave Reviews Cinemas, L.L.C (“Rave”) and Rave Reviews Holdings, LLC (“Acquisition Sub”) dated September 28, 2012. Prior to consummation of the acquisition, Rave transferred to the Acquisition Sub the Theatres and certain related assets and certain assumed liabilities, including the leases, related to the Theatres. The Company subsequently acquired all of the ownership interests of the Acquisition Sub. The acquisition supports the Company’s growth strategy. In consideration for the acquisition, the Company paid $22,213 in cash including $3,213 in working capital adjustments. The Company paid $1,349 of the working capital adjustment during the six months ended June 30, 2013. In addition, the Company assumed approximately $110,243 of financing obligations, after accounting adjustments, to reflect the acquisition date fair value of such obligations. The purchase price was paid using cash on hand.

NOTE 12—LEASE TERMINATION CHARGES

For the six months ended June 30, 2013, the Company has recorded lease termination charges of $3,063 primarily related to the closure of an underperforming theatre prior to the end of its lease term. The remaining lease term of the theatre is approximately six years. In accordance with ASC 420, Exit or Disposal Cost Obligations, the Company recorded a liability of $2,413 representing the present value of the future contractual commitments for the base rents, taxes and maintenance. As of June 30, 2013, the liability was $2,355. The current portion of the liability is included in accrued expenses and the long-term portion of the liability is included with other long-term liabilities in the accompanying consolidated balance sheets.

The Company has also recorded lease termination charges of $650 in connection with the early termination of a lease agreement for a new build-to-suit theatre.

NOTE 13—SUBSEQUENT EVENTS

On July 17, 2013, the Company entered into a definitive asset purchase agreement to purchase three theatres and 52 screens from Cinemark USA, Inc., a wholly-owned subsidiary of Cinemark Holdings, Inc. The Company expects to complete the transaction in the third quarter. The purchase is consistent with the Company’s growth strategy.

On July 22, 2013, the Company announced that it has commenced an offering of 4.5 million shares of its common stock, which, if consummated, would include an option for the underwriters to purchase up to an additional 675,000 shares of common stock, through a registered public offering that would be expected to close during the third quarter of 2013. The offering is being made pursuant to the Company’s existing shelf registration statement previously filed with the Securities and Exchange Commission

15

(“SEC”). The funds to be received from the issuance of the shares, if received, would be used for general corporate purposes, including potential acquisitions, working capital and other capital expenditures. There can be no guarantee that the offering will be consummated on the expected terms or at all.

NOTE 14—GUARANTOR SUBSIDIARIES

The Company filed a registration statement which became effective in 2010. The registration statement registers certain securities, including debt securities which may be issued and guaranteed by certain of Carmike Cinemas, Inc.’s subsidiaries and may be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended.

Carmike Cinemas, Inc. may sell debt securities pursuant to the registration statement and if so, it is expected that such securities would be 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. The financial information included for the non-guarantor subsidiaries is primarily related to entities acquired in the Rave acquisition in November 2012. Therefore, the Company is providing the following condensed consolidating financial statement information as of June 30, 2013 and December 31, 2012 and for the three and six months ended June 30, 2013 and 2012 in accordance with SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered:

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CONDENSED CONSOLIDATING BALANCE SHEET

	As of June 30, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	67,979		$	13,112		$	2,645		$	—		$	83,736
Restricted cash		13			—			—			—			13
Accounts receivable		8,111			359			3,121			(3,063	)		8,528
Inventories		684			2,424			472			—			3,580
Deferred income tax asset		3,258			435			778			—			4,471
Prepaid expenses and other current assets		7,641			4,999			3,457			(4,721	)		11,376
Total current assets		87,686			21,329			10,473			(7,784	)		111,704
Property and equipment:
Land		12,080			39,761			—			—			51,841
Buildings and building improvements		45,584			222,329			67,077			—			334,990
Leasehold improvements		19,249			109,828			16,305			—			145,382
Assets under capital leases		8,675			36,295			—			—			44,970
Equipment		65,378			161,399			12,925			—			239,702
Construction in progress		1,991			4,852			—			—			6,843
Total property and equipment		152,957			574,464			96,307			—			823,728
Accumulated depreciation and amortization		(80,998	)		(301,065	)		(5,589	)		—			(387,652	)
Property and equipment, net of accumulated depreciation		71,959			273,399			90,718			—			436,076
Intercompany receivables		87,137			—			4,643			(91,780	)		—
Investments in subsidiaries		157,288			131			—			(157,419	)		—
Goodwill		—			8,087			36,490			—			44,577
Intangible assets, net of accumulated amortization		—			1,009			—			—			1,009
Investments in unconsolidated affiliates		5,111			925			—			—			6,036
Deferred income tax asset		57,784			42,929			199			—			100,912
Other assets		13,376			5,854			397			—			19,627
Total assets	$	480,341		$	353,663		$	142,920		$	(256,983	)	$	719,941
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	32,701		$	6,414		$	1,081		$	(3,063	)	$	37,133
Accrued expenses		20,698			18,509			6,471			(4,721	)		40,957
Current maturities of capital leases and long-term financing obligations		491			2,255			2,004			—			4,750
Total current liabilities		53,890			27,178			9,556			(7,784	)		82,840
Long-term liabilities:
Long-term debt		209,583			—			—			—			209,583
Capital leases and long-term financing obligations, less current maturities		27,670			83,758			107,227			—			218,655
Intercompany liabilities		—			91,780			—			(91,780	)		—
Deferred revenue		32,405			—			—			—			32,405
Other		5,321			13,374			6,291			—			24,986
Total long-term liabilities		274,979			188,912			113,518			(91,780	)		485,629
Stockholders’ equity:
Preferred stock		—			—			—			—			—
Common stock		542			1			—			(1	)		542
Treasury stock		(11,914	)		—			—			—			(11,914	)
Paid-in capital		350,982			237,800			22,213			(260,013	)		350,982
Accumulated deficit		(188,138	)		(100,228	)		(2,367	)		102,595			(188,138	)
Total stockholders’ equity		151,472			137,573			19,846			(157,419	)		151,472
Total liabilities and stockholders’ equity	$	480,341		$	353,663		$	142,920		$	(256,983	)	$	719,941

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CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2012
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	49,093		$	14,870		$	4,568		$	—		$	68,531
Restricted cash		293			—			—			—			293
Accounts receivable		5,058			874			5,250			(4,627	)		6,555
Inventories		926			2,823			437			—			4,186
Deferred income tax asset		3,203			—			—			(307	)		2,896
Prepaid expenses and other current assets		3,426			5,173			2,337			—			10,936
Total current assets		61,999			23,740			12,592			(4,934	)		93,397
Property and equipment:
Land		12,080			39,796			—			—			51,876
Buildings and building improvements		45,571			223,090			67,077			—			335,738
Leasehold improvements		19,200			107,111			15,447			—			141,758
Assets under capital leases		8,675			36,295			—			—			44,970
Equipment		64,167			158,333			12,723			—			235,223
Construction in progress		1,352			3,833			—			—			5,185
Total property and equipment		151,045			568,458			95,247			—			814,750
Accumulated depreciation and amortization		(77,302	)		(291,132	)		(1,389	)		—			(369,823	)
Property and equipment, net of accumulated depreciation		73,743			277,326			93,858			—			444,927
Intercompany receivables		92,801			—			7,002			(99,803	)		—
Investments in subsidiaries		157,522			126			—			(157,648	)		—
Goodwill		—			8,087			36,490			—			44,577
Intangible assets, net of accumulated amortization		—			1,061			—			—			1,061
Investments in unconsolidated affiliates		6,740			942			—			—			7,682
Deferred income tax asset		57,247			42,765			—			—			100,012
Other assets		14,299			6,026			747			—			21,072
Total assets	$	464,351		$	360,073		$	150,689		$	(262,385	)	$	712,728
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	24,071		$	9,704		$	2,993		$	(4,627	)	$	32,141
Accrued expenses		14,601			17,250			8,505			(307	)		40,049
Current maturities of capital leases and long-term financing obligations		442			2,169			1,811			—			4,422
Total current liabilities		39,114			29,123			13,309			(4,934	)		76,612
Long-term liabilities:
Long-term debt		209,548			—			—			—			209,548
Capital leases and long-term financing obligations, less current maturities		27,876			84,557			108,292			—			220,725
Intercompany liabilities		—			99,803			—			(99,803	)		—
Deferred revenue		32,984			—			—			—			32,984
Other		5,395			11,487			6,543			—			23,425
Total long-term liabilities		275,803			195,847			114,835			(99,803	)		486,682
Stockholders’ equity:
Preferred stock		—			—			—			—			—
Common stock		540			1			—			(1	)		540
Treasury stock		(11,740	)		—			—			—			(11,740	)
Paid-in capital		349,666			237,800			22,037			(259,837	)		349,666
Accumulated deficit		(189,032	)		(102,698	)		508			102,190			(189,032	)
Total stockholders’ equity		149,434			135,103			22,545			(157,648	)		149,434
Total liabilities and stockholders’ equity	$	464,351		$	360,073		$	150,689		$	(262,385	)	$	712,728

18

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	14,733		$	76,587		$	16,505		$	—		$	107,825
Concessions and other		17,550			44,933			8,717			(8,552	)		62,648
Total operating revenues		32,283			121,520			25,222			(8,552	)		170,473
Operating costs and expenses:
Film exhibition costs		8,178			43,571			9,392			—			61,141
Concession costs		1,133			5,627			970			—			7,730
Other theatre operating costs		9,558			51,320			9,442			(8,552	)		61,768
General and administrative expenses		5,425			589			18			—			6,032
Depreciation and amortization		1,871			6,273			2,107			—			10,251
Gain on sale of property and equipment		—			(21	)		—			—			(21	)
Impairment of long-lived assets		23			184			—			—			207
Total operating costs and expenses		26,188			107,543			21,929			(8,552	)		147,108
Operating income		6,095			13,978			3,293			—			23,365
Interest expense		2,047			6,202			4,097			—			12,346
Equity in earnings of subsidiaries		(4,392	)		(1	)		—			4,393			—
Income (loss) before income tax and income from unconsolidated affiliates		8,440			7,777			(804	)		(4,393	)		11,019
Income tax expense (benefit)		2,016			3,052			(313	)		—			4,755
Income from unconsolidated affiliates		253			99			—			—			352
Income (loss) from continuing operations		6,677			4,824			(491	)		(4,393	)		6,616
Income from discontinued operations		—			61			—			—			61
Net income (loss)	$	6,677		$	4,885		$	(491	)	$	(4,393	)	$	6,677

19

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2012
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries		Eliminations			Consolidated
Revenues:
Admissions	$	14,195		$	72,239	$	—		$	86,434
Concessions and other		14,954			40,752		(6,607	)		49,099
Total operating revenues		29,149			112,991		(6,607	)		135,533
Operating costs and expenses:
Film exhibition costs		7,974			40,280		—			48,254
Concession costs		997			4,484		—			5,481
Other theatre operating costs		10,255			48,642		(6,607	)		52,290
General and administrative expenses		4,588			586		—			5,174
Severance agreement charges		493			—		—			493
Depreciation and amortization		1,715			6,022		—			7,737
Impairment of long-lived assets		4			46		—			50
Total operating costs and expenses		26,026			100,060		(6,607	)		119,479
Operating income		3,123			12,931		—			16,054
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		(289	)		6,683		(3,912	)		2,482
Income tax (benefit) expense		(2,034	)		2,946		—			912
(Loss) income from unconsolidated affiliates		(518	)		70		—			(448	)
Income from continuing operations		1,227			3,807		(3,912	)		1,122
(Loss) income from discontinued operations		(29	)		105		—			76
Net income	$	1,198		$	3,912	$	(3,912	)	$	1,198

20

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	25,977		$	135,299		$	28,072		$	—		$	189,348
Concessions and other		31,527			79,742			14,973			(15,023	)		111,219
Total operating revenues		57,504			215,041			43,045			(15,023	)		300,567
Operating costs and expenses:
Film exhibition costs		14,215			74,472			15,718			—			104,405
Concession costs		2,034			9,905			1,760			—			13,699
Other theatre operating costs		19,406			97,401			17,944			(15,023	)		119,728
General and administrative expenses		10,854			1,159			34			—			12,047
Lease termination charges		—			3,063			—			—			3,063
Depreciation and amortization		3,750			12,533			4,200			—			20,483
Loss on sale of property and equipment		4			55			—			—			59
Impairment of long-lived assets		23			388			—			—			411
Total operating costs and expenses		50,286			198,976			39,656			(15,023	)		273,895
Operating income		7,218			16,065			3,389			—			26,672
Interest expense		4,072			12,360			8,213			—			24,645
Equity in loss (earnings) of subsidiaries		409			(4	)		—			(405	)		—
Income (loss) before income tax and (loss) income from unconsolidated affiliates		2,737			3,709			(4,824	)		405			2,027
Income tax expense (benefit)		1,009			1,398			(1,948	)		—			459
(Loss) income from unconsolidated affiliates		(835	)		172			—			—			(663	)
Income (loss) from continuing operations		893			2,483			(2,876	)		405			905
Income (loss) from discontinued operations		1			(12	)		—			—			(11	)
Net income (loss)	$	894		$	2,471		$	(2,876	)	$	405		$	894

21

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2012
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries		Eliminations			Consolidated
Revenues:
Admissions	$	27,916		$	141,209	$	—		$	169,125
Concessions and other		29,752			79,543		(12,920	)		96,375
Total operating revenues		57,668			220,752		(12,920	)		265,500
Operating costs and expenses:
Film exhibition costs		15,179			76,318		—			91,497
Concession costs		2,008			9,040		—			11,048
Other theatre operating costs		21,363			95,978		(12,920	)		104,421
General and administrative expenses		9,016			1,158		—			10,174
Severance agreement charges		493			—		—			493
Depreciation and amortization		3,422			12,082		—			15,504
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		51,514			196,327		(12,920	)		234,921
Operating income		6,154			24,425		—			30,579
Interest expense		4,882			11,992		—			16,874
Loss on extinguishment of debt		4,961			—		—			4,961
Equity in earnings of subsidiaries		(7,284	)		—		7,284			—
Income before income tax and (loss) income from unconsolidated affiliates		3,595			12,433		(7,284	)		8,744
Income tax (benefit) expense		(2,129	)		5,449		—			3,320
(Loss) income from unconsolidated affiliates		(1,172	)		180		—			(992	)
Income from continuing operations		4,552			7,164		(7,284	)		4,432
(Loss) income from discontinued operations		(123	)		120		—			(3	)
Net income	$	4,429		$	7,284	$	(7,284	)	$	4,429

22

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

				For the Six Months Ended June 30, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities	$	16,853		$	12,972		$	2,064		$	—	$	31,889
Cash flows from investing activities:
Purchases of property and equipment		(3,444	)		(9,189	)		(1,058	)		—		(13,691	)
Theatre acquisition		—			—			(1,349	)		—		(1,349	)
Proceeds from sale of property and equipment		5			224			—			—		229
Other investing activities		280			—			—			—		280
Net cash used in investing activities		(3,159	)		(8,965	)		(2,407	)				(14,531	)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations		(210	)		(893	)		(876	)		—		(1,979	)
Purchase of treasury stock		(174	)		—			—			—		(174	)
Intercompany receivable/payable		5,576			(4,872	)		(704	)		—		—
Net cash provided by (used in) financing activities		5,192			(5,765	)		(1,580	)		—		(2,153	)
Increase in cash and cash equivalents		18,886			(1,758	)		(1,923	)		—		15,205
Cash and cash equivalents at beginning of period		49,093			14,870			4,568			—		68,531
Cash and cash equivalents at end of period	$	67,979		$	13,112		$	2,645		$	—	$	83,736

23

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Six Months Ended June 30, 2012
	Carmike			Guarantor
	Cinemas, Inc.			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 acquisition		—			(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

24

In June 2012, the Company issued in a registered exchange offer $210,000 aggregate principal amount of 7.375% Senior Secured Notes due May 15, 2019. The Senior Secured Notes 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., Military Services, Inc., Carmike Giftco, Inc. Carmike Reviews Holdings, LLC, Carmike Motion Pictures Birmingham, LLC, Carmike Motion Pictures Birmingham II, LLC, Carmike Motion Pictures Birmingham III, LLC, Carmike Motion Pictures Chattanooga, LLC, Carmike Motion Pictures Daphne, LLC, Carmike Motion Pictures Pensacola, LLC, Carmike Motion Pictures Pensacola II, LLC, Carmike Motion Pictures Indianapolis, LLC, Carmike Motion Pictures Huntsville, LLC, Carmike Motion Pictures Ft. Wayne, LLC, Carmike Motion Pictures Melbourne, LLC, Carmike Motion Pictures Peoria, LLC, Carmike Motion Pictures Port St. Lucie, LLC, Carmike Motion Pictures Orange Beach, LLC, Carmike Motion Pictures Allentown, LLC, Carmike Houston LP, LLC, Carmike Houston GP, LLC and Carmike Motion Pictures Houston, LLC. For the three and six months ended June 30, 2012, all subsidiaries were guarantors under the Senior Secured Notes as presented above in the condensed consolidated statement of operations and cash flows for the six months ended June 30, 2012. Therefore, the Company is providing the following condensed consolidating financial statement information as of June 30, 2013 and December 31, 2012 and for the three and six months ended June 30, 2013 in accordance with SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered:

25

CONDENSED CONSOLIDATING BALANCE SHEET

	As of June 30, 2013
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	67,979		$	15,757		$	—		$	83,736
Restricted cash		13			—			—			13
Accounts receivable		8,111			3,480			(3,063	)		8,528
Inventories		684			2,896			—			3,580
Deferred income tax asset		3,258			1,213			—			4,471
Prepaid expenses and other current assets		7,641			7,409			(3,674	)		11,376
Total current assets		87,686			30,755			(6,737	)		111,704
Property and equipment:
Land		12,080			39,761			—			51,841
Buildings and building improvements		45,584			289,406			—			334,990
Leasehold improvements		19,249			126,133			—			145,382
Assets under capital leases		8,675			36,295			—			44,970
Equipment		65,378			174,324			—			239,702
Construction in progress		1,991			4,852			—			6,843
Total property and equipment		152,957			670,771			—			823,728
Accumulated depreciation and amortization		(80,998	)		(306,654	)		—			(387,652	)
Property and equipment, net of accumulated depreciation		71,959			364,117			—			436,076
Intercompany receivables		87,137			—			(87,137	)		—
Investments in subsidiaries		157,288			—			(157,288	)		—
Goodwill		—			44,577			—			44,577
Intangible assets, net of accumulated amortization		—			1,009			—			1,009
Investments in unconsolidated affiliates		5,111			925			—			6,036
Deferred income tax asset		57,784			43,128			—			100,912
Other assets		13,376			6,251			—			19,627
Total assets	$	480,341		$	490,762		$	(251,162	)	$	719,941
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	32,701		$	7,495		$	(3,063	)	$	37,133
Accrued expenses		20,698			23,933			(3,674	)		40,957
Current maturities of capital leases and long-term financing obligations		491			4,259			—			4,750
Total current liabilities		53,890			35,687			(6,737	)		82,840
Long-term liabilities:
Long-term debt		209,583			—			—			209,583
Capital leases and long-term financing obligations, less current maturities		27,670			190,985			—			218,655
Intercompany liabilities		—			87,137			(87,137	)		—
Deferred revenue		32,405			—			—			32,405
Other		5,321			19,665			—			24,986
Total long-term liabilities		274,979			297,787			(87,137	)		485,629
Stockholders’ equity:
Preferred stock		—			—			—			—
Common stock		542			1			(1	)		542
Treasury stock		(11,914	)		—			—			(11,914	)
Paid-in capital		350,982			260,013			(260,013	)		350,982
Accumulated deficit		(188,138	)		(102,726	)		102,726			(188,138	)
Total stockholders’ equity		151,472			157,288			(157,288	)		151,472
Total liabilities and stockholders’ equity	$	480,341		$	490,762		$	(251,162	)	$	719,941

26

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2012
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	49,093		$	19,438		$	—		$	68,531
Restricted cash		293			—			—			293
Accounts receivable		5,058			6,124			(4,627	)		6,555
Inventories		926			3,260			—			4,186
Deferred income tax asset		3,203			—			(307	)		2,896
Prepaid expenses and other assets		3,426			7,510			—			10,936
Total current assets		61,999			36,332			(4,934	)		93,397
Property and equipment:
Land		12,080			39,796			—			51,876
Buildings and building improvements		45,571			290,167			—			335,738
Leasehold improvements		19,200			122,558			—			141,758
Assets under capital leases		8,675			36,295			—			44,970
Equipment		64,167			171,056			—			235,223
Construction in progress		1,352			3,833			—			5,185
Total property and equipment		151,045			663,705			—			814,750
Accumulated depreciation and amortization		(77,302	)		(292,521	)		—			(369,823	)
Property and equipment, net of accumulated depreciation		73,743			371,184			—			444,927
Intercompany receivables		92,801			—			(92,801	)		—
Investments in subsidiaries		157,522			126			(157,648	)		—
Goodwill		—			44,577			—			44,577
Intangible assets, net of accumulated amortization		—			1,061			—			1,061
Investments in unconsolidated affiliates		6,740			942			—			7,682
Deferred income tax asset		57,247			42,765			—			100,012
Other assets		14,299			6,773			—			21,072
Total assets	$	464,351		$	503,760		$	(255,383	)	$	712,728
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	24,071		$	12,697		$	(4,627	)	$	32,141
Accrued expenses		14,601			25,755			(307	)		40,049
Current maturities of capital leases and long-term financing obligations		442			3,980			—			4,422
Total current liabilities		39,114			42,432			(4,934	)		76,612
Long-term liabilities:
Long-term debt		209,548			—			—			209,548
Capital leases and long-term financing obligations, less current maturities		27,876			192,849			—			220,725
Intercompany liabilities		—			92,801			(92,801	)		—
Deferred revenue		32,984			—			—			32,984
Other		5,395			18,030			—			23,425
Total long-term liabilities		275,803			303,680			(92,801	)		486,682
Stockholders’ equity:
Preferred stock		—			—			—			—
Common stock		540			1			(1	)		540
Treasury stock		(11,740	)		—			—			(11,740	)
Paid-in capital		349,666			259,837			(259,837	)		349,666
Accumulated deficit		(189,032	)		(102,190	)		102,190			(189,032	)
Total stockholders’ equity		149,434			157,648			(157,648	)		149,434
Total liabilities and stockholders’ equity	$	464,351		$	503,760		$	(255,383	)	$	712,728

27

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2013
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	14,733		$	93,092		$	—		$	107,825
Concessions and other		17,550			53,650			(8,552	)		62,648
Total operating revenues		32,283			146,742			(8,552	)		170,473
Operating costs and expenses:
Film exhibition costs		8,178			52,963			—			61,141
Concession costs		1,133			6,597			—			7,730
Other theatre operating costs		9,558			60,762			(8,552	)		61,768
General and administrative expenses		5,425			607			—			6,032
Depreciation and amortization		1,871			8,380			—			10,251
Gain on sale of property and equipment		—			(21	)		—			(21	)
Impairment of long-lived assets		23			184			—			207
Total operating costs and expenses		26,188			129,472			(8,552	)		147,108
Operating income		6,095			17,270			—			23,365
Interest expense		2,047			10,299			—			12,346
Equity in earnings of subsidiaries		(4,392	)		—			4,392			—
Income before income tax and income from unconsolidated affiliates		8,440			6,971			(4,392	)		11,019
Income tax expense		2,016			2,739			—			4,755
Income from unconsolidated affiliates		253			99			—			352
Income from continuing operations		6,677			4,331			(4,392	)		6,616
Income from discontinued operations		—			61			—			61
Net income	$	6,677		$	4,392		$	(4,392	)	$	6,677

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CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2013
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	25,977		$	163,371		$	—		$	189,348
Concessions and other		31,527			94,715			(15,023	)		111,219
Total operating revenues		57,504			258,086			(15,023	)		300,567
Operating costs and expenses:
Film exhibition costs		14,215			90,190			—			104,405
Concession costs		2,034			11,665			—			13,699
Other theatre operating costs		19,406			115,345			(15,023	)		119,728
General and administrative expenses		10,854			1,193			—			12,047
Lease termination charges		—			3,063			—			3,063
Depreciation and amortization		3,750			16,733			—			20,483
Loss on sale of property and equipment		4			55			—			59
Impairment of long-lived assets		23			388			—			411
Total operating costs and expenses		50,286			238,632			(15,023	)		273,895
Operating income		7,218			19,454			—			26,672
Interest expense		4,072			20,573			—			24,645
Equity in loss of subsidiaries		409			—			(409	)		—
Income (loss) before income tax and (loss) income from unconsolidated affiliates		2,737			(1,119	)		409			2,027
Income tax expense (benefit)		1,009			(550	)		—			459
(Loss) income from unconsolidated affiliates		(835	)		172			—			(663	)
Income (loss) from continuing operations		893		$	(397	)	$	409		$	905
Income (loss) from discontinued operations		1			(12	)		—			(11	)
Net income (loss)	$	894		$	(409	)	$	409		$	894

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CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Six Months Ended June 30, 2013
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities	$	16,853		$	15,036		$	—	$	31,889
Cash flows from investing activities:
Purchases of property and equipment		(3,444	)		(10,247	)		—		(13,691	)
Theatre acquistion		—			(1,349	)		—		(1,349	)
Proceeds from sale of property and equipment		5			224			—		229
Other investing activities		280			—			—		280
Net cash used in investing activities		(3,159	)		(11,372	)				(14,531	)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations		(210	)		(1,769	)		—		(1,979	)
Purchase of treasury stock		(174	)		—			—		(174	)
Intercompany receivable/payable		5,576			(5,576	)		—		—
Net cash provided by (used in) financing activities		5,192			(7,345	)		—		(2,153	)
Increase in cash and cash equivalents		18,886			(3,681	)		—		15,205
Cash and cash equivalents at beginning of period		49,093			19,438			—		68,531
Cash and cash equivalents at end of period	$	67,979		$	15,757		$	—	$	83,736

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The Company

We are one of the largest motion picture exhibitors in the United States and as of June 30, 2013 we owned, operated or had an interest in 245 theatres with 2,476 screens located in 35 states. We target small to mid-size non-urban markets with the belief that they provide a number of operating benefits, including lower operating costs and fewer alternative forms of entertainment.

As of June 30, 2013, we had 232 theatres with 2,373 screens on a digital-based platform, including 227 theatres with 940 screens equipped for 3-D. We believe our leading-edge technologies allow us not only greater flexibility in showing feature films, but also provide us with the capability to explore revenue-enhancing alternative content programming. Digital film content can be easily moved to and from auditoriums in our theatres to maximize attendance. The superior quality of digital cinema and our 3-D capability allows us to provide a quality presentation to our patrons.

We generate revenue primarily from box office receipts and concession sales along with additional revenues from screen advertising sales, our two Hollywood Connection fun centers, video games located in some of our theatres, and theatre rentals. Our revenue depends to a substantial degree on the availability of suitable motion pictures for screening in our theatres and the appeal of such motion pictures to patrons in our specific theatre markets. A disruption in the production of motion pictures, a lack of motion pictures, or the failure of motion pictures to attract the patrons in our theatre markets will likely adversely affect our business and results of operations.

Our revenue also varies significantly depending upon the timing of the film releases by distributors. While motion picture distributors now release major motion pictures more evenly throughout the year, the most marketable films are usually released during the summer months and the year-end holiday season, and we usually earn more during those periods than in other periods during the year. As a result, the timing of such releases affects our results of operations, which may vary significantly from quarter to quarter and year to year.

We generate the majority of our box office revenue from a particular film within the first 30 days of its release date to theatre exhibitors. Historically, films have not been released in other formats, such as DVD or video-on-demand, until approximately 120 days after the film’s initial release. However, over the past several years, the release window for films in other formats has shortened. It is possible that these release windows will continue to shorten, which could impact our ability to attract patrons to our theatres.

Film rental costs are variable in nature and fluctuate with the prospects of a film and the box office revenues of a film. Film rental rates are generally negotiated on a film-by-film and theatre-by-theatre basis and are typically higher for blockbuster films. Advertising costs, which are expensed as incurred, primarily represent advertisements and movie listings placed in newspapers. The cost of these advertisements is based on, among other things, the size of the advertisement and the circulation of the newspaper.

Concessions costs fluctuate with our concession revenues. We purchase substantially all of our non-beverage concession supplies from one supplier and substantially all of our beverage supplies from one supplier.

Other theatre costs consist primarily of theatre labor and occupancy costs. Theatre labor includes a fixed cost component that represents the minimum staffing needed to operate a theatre and a variable component that fluctuates in relation to revenues as theatre staffing is adjusted to address changes in attendance. Facility lease expense is primarily a fixed cost as most of our leases require a fixed monthly rent payment. Certain of our leases are subject to percentage rent clauses that require payments of amounts based on the level of revenue achieved at the theatre-level. Other occupancy costs are substantially fixed.

The ultimate performance of our film product any time during the calendar year will have a dramatic impact on our operating results and cash needs. In addition, the seasonal nature of the exhibition industry and positioning of film product makes our need for cash vary significantly from quarter to quarter. Generally, our liquidity needs are funded by operating cash flow, available funds under our credit agreement and short term float. Our ability to generate this cash will depend largely on future operations.

We continue to focus on operating performance improvements. This includes managing our operating costs, implementing pricing initiatives and closing underperforming theatres. We also intend to allocate our available capital primarily to developing new build-to-suit theatres, making strategic acquisitions, installing Big D auditoriums and improving the condition of our theatres.

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We actively seek ways to grow our circuit through the building of new theatres and strategic acquisitions. On November 15, 2012, we completed our acquisition of 16 entertainment complexes and 251 screens in seven U.S. states from Rave Reviews Cinemas, L.L.C (“Rave”) for approximately $22.2 million, inclusive of a net working capital adjustment. We also assumed financing obligations in the amount of approximately $110.2 million, after accounting adjustments, to reflect the acquisition date fair value of such obligations.

On July 17, 2013, we entered into a definitive asset purchase agreement to purchase three theatres and 52 screens from Cinemark USA, Inc., a wholly-owned subsidiary of Cinemark Holdings, Inc.

In addition, we continue to pursue opportunities for organic growth through new theatre development. We opened 3 new build-to-suit theatres during the first six months of 2013 and plan to open up to 2 additional theatres in 2013.

For a summary of risks and uncertainties relevant to our business, please see “Item 1A. Risk Factors” contained in our Annual Report on Form 10-K for the year ended December 31, 2012.

Results of Operations

Comparison of Three and Six Months Ended June 30, 2013 and June 30, 2012

Revenues. We collect substantially all of our revenues from the sale of admission tickets and concessions. The table below provides a comparative summary of the operating data for this revenue generation.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Average theatres		244		234		245		234
Average screens		2,468		2,253		2,476		2,251
Average attendance per screen (1)		6,054		5,583		10,731		10,984
Average admission per patron (1)	$	7.22	$	6.91		7.13	$	6.88
Average concessions and other sales per patron (1)	$	4.19	$	3.92		4.19	$	3.92
Total attendance (in thousands) (1)		14,941		12,580		26,561		24,764
Total operating revenues (in thousands)	$	170,473	$	135,533		300,567	$	265,500

(1) Includes activity from theatres designated as discontinued operations and reported as such in the consolidated statements of operations.

Total operating revenues increased approximately 25.8% to $170.5 million for the three months ended June 30, 2013 compared to $135.5 million for the three months ended June 30, 2012, due to an increase in total attendance from 12.6 million in the second quarter of 2012 to 14.9 million for the second quarter of 2013, an increase in average admissions per patron from $6.91 in the second quarter of 2012 to $7.22 for the second quarter of 2013 and an increase in average concessions and other sales per patron from $3.92 in the second quarter of 2012 to $4.19 in the second quarter of 2013. Excluding the acquired Rave theatres, total operating revenues increased 7.2% to $145.3 million. The increase in total revenues, excluding the acquired Rave theatres, was due to an increase in total attendance from 12.6 million to 12.9 million, an increase in average admissions per patron from $6.91 to $7.10 and an increase in average concessions and other sales per patron from $3.92 to $4.19. Attendance and attendance per screen were up period over period due principally to a more favorable movie slate during the second quarter of 2013. Average concessions and other sales per patron increased, primarily due to concession promotions and increased prices.

Total operating revenues increased approximately 13.2% to $300.6 million for the six months ended June 30, 2013 from $265.5 million for the six months ended June 30, 2012 due to an increase in total attendance from 24.8 million for the 2012 period to 26.6 million for the 2013 period, an increase in average admissions per patron from $6.88 for the 2012 period to $7.13 in the 2013 period and an increase in average concessions and other sales per patron from $3.92 in the 2012 period to $4.19 in the 2013 period. Excluding the acquired Rave theatres, total operating revenues decreased 3.6% to $257.6 million for the six months ended June 30, 2013 from $267.2 million for the six months ended June 30, 2012. The decrease in total operating revenues, excluding the acquired Rave theatres, was due to a decrease in total attendance from 24.8 million for the first six months of 2012 to 23.0 million for the first six months of 2013, partially offset by an increase in average admissions per patron from $6.88 in the first six months of 2012 to $7.02 for the first six months of 2013 and an increase in average concessions and other sales per patron from $3.92 in the first six months of 2012 to $4.19 in the first six months of 2013.

Admissions revenue increased approximately 24.7% to $107.8 million for the three months ended June 30, 2013 from $86.4 million for the same period in 2012, due to an increase in total attendance from 12.6 million in the second quarter of 2012 to 14.9

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million for the second quarter of 2013 and an increase in average admissions per patron from $6.91 in the second quarter of 2012 to $7.22 for the second quarter of 2013. Excluding admissions revenue of $16.5 million from the acquired Rave theatres, admissions revenue increased 5.7% to $91.3 million in 2013 from $86.4 million in 2012.

Admissions revenue increased approximately 12.0% to $189.3 million for the six months ended June 30, 2013 from $169.1 million for the same period in 2012, due to an increase in total attendance from 24.8 million for the six months ended June 30, 2012 to 26.6 million for the six months ended June 30, 2013 and an increase in average admissions per patron from $6.88 for the 2012 period to $7.13 for the 2013 period. Excluding admissions revenue of $28.1 million from the acquired Rave theatres, admissions revenue decreased 4.6% to $161.3 million in 2013 from $169.1 million in 2012.

Concessions and other revenue increased approximately 27.6% to $62.6 million for the three months ended June 30, 2013 compared to $49.1 million for the same period in 2012 due to an increase in total attendance from 12.6 million for the three months ended June 30, 2012 to 14.9 million for the three months ended June 30, 2013 and an increase in average concessions and other sales per patron from $3.92 in the second quarter of 2012 to $4.19 for the second quarter of 2013. Excluding concessions and other revenues from the acquired Rave theatres, concessions and other revenues increased 9.9% to $54.0 million in 2013 from $49.1 million in 2012.

Concessions and other revenue increased approximately 15.4% to $111.2 million for the six months ended June 30, 2013 compared to $96.4 million for the same period in 2012 due to an increase in total attendance from 24.8 million for the six months ended June 30, 2012 to 26.6 million for the six months ended June 30, 2013 and an increase in average concessions and other sales per patron from $3.92 in the second quarter of 2012 to $4.19 for the second quarter of 2013. Excluding concessions and other revenues from the acquired Rave theatres, concessions and other revenues decreased 0.7% to $96.3 million in 2013 from $96.4 million in 2012.

We operated 245 theatres with 2,476 screens at June 30, 2013 compared to 233 theatres with 2,245 screens at June 30, 2012.

Operating costs and expenses. The table below summarizes operating expense data for the periods presented.

	Three Months Ended							Six Months Ended
	June 30,							June 30,
($’s in thousands)	2013			2012		% Change		2013		2012		% Change
Film exhibition costs	$	61,141		$	48,254		27	$	104,405	$	91,497		14
Concession costs	$	7,730		$	5,481		41	$	13,699	$	11,048		24
Other theatre operating costs	$	61,768		$	52,290		18	$	119,728	$	104,421		15
Lease termination charges	$	—		$	—		—	$	3,063	$	—		N/M
General and administrative expenses	$	6,032		$	5,174		17	$	12,047	$	10,174		18
Severance agreement charges	$	—		$	493		N/M	$	—	$	493		N/M
Depreciation and amortization	$	10,251		$	7,737		32	$	20,483	$	15,504		32
(Gain) loss on sale of property and equipment	$	(21	)	$	—		N/M	$	59	$	248		(76	)
Impairment of long-lived assets	$	207		$	50		N/M	$	411	$	1,536		(73	)

Film exhibition costs. Film exhibition costs fluctuate in direct relation to the increases and decreases in admissions revenue and the mix of aggregate and term film deals. Film exhibition costs as a percentage of revenues are generally higher for periods with more blockbuster films. Film exhibition costs for the three months ended June 30, 2013 increased to $61.1 million as compared to $48.3 million for three months ended June 30, 2012 primarily resulting from increased attendance and increased attendance per patron. As a percentage of admissions revenue, film exhibition costs increased to 56.7% for the three months ended June 30, 2013 as compared to 55.8% for the three months ended June 30, 2012. The increase in film exhibition costs as a percentage of admissions revenues for the three months ended June 30, 2013 is due primarily to a more successful movie slate compared to the same period in 2012. Excluding the acquired Rave theatres, film exhibition costs for the three months ended June 30, 2013 increased to $51.7 million as compared to $48.3 million for the three months ended June 30, 2012 primarily due to the increase in admissions revenue. As a percentage of admissions revenue, excluding the acquired Rave theatres, film exhibition costs were 56.7% for the three months ended June 30, 2013 as compared to 55.8% for the three months ended June 30, 2012.

Film exhibition costs for the six months ended June 30, 2013 increased to $104.4 million as compared to $91.5 million for the six months ended June 30, 2012. As a percentage of admissions revenue, film exhibition costs for the six months ended June 30, 2013 were 55.1% as compared to 54.1% for the six months ended June 30, 2012. The increase in film exhibition costs as a percentage of admissions revenues for the six months ended June 30, 2013 is due primarily to a more successful movie slate compared to the same period in 2012 and an increase in advertising costs associated with the opening of new build-to-suit theatres during the first six months of 2013. As a percentage of admissions revenue, excluding the acquired Rave theatres, film exhibition costs were 55.0% for the six months ended June 30, 2013 as compared to 54.1% for the six months ended June 30, 2012.

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Concession costs. Concession costs fluctuate with changes in concessions revenue and product sales mix and changes in our cost of goods sold. Concession costs for the three months ended June 30, 2013 increased to $7.7 million compared to $5.5 million for the three months ended June 30, 2012 due to increased concessions sales resulting from increased attendance during the three months ended June 30, 2013. As a percentage of concessions and other revenues, concession costs for the three months ended June 30, 2013 were 12.3% as compared to 11.2% for the three months ended June 30, 2012. The increase in concession costs as a percentage of concessions and other revenues was due primarily to discounts and other promotional activities. Excluding the acquired Rave theatres, concession costs for the three months ended June 30, 2013 increased to $6.8 million as compared to $5.5 million for the three months ended June 30, 2012. Excluding the acquired Rave theatres, as a percentage of concessions and other revenues, concessions costs were 12.5% for the three months ended June 30, 2013 as compared to 11.2% for the three months ended June 30, 2012.

Concession costs increased to approximately $13.7 million for the six months ended June 30, 2013, compared to $11.0 million for the six months ended June 30, 2012 due to increased concessions sales resulting from increased attendance during the six months ended June 30, 2013. As a percentage of concessions and other revenues, concession costs were 12.3% and 11.5% for the six months ended June 30, 2013 and 2012, respectively. The increase in concession costs as a percentage of concessions and other revenues was due primarily to discounts and other promotional activities. Excluding the acquired Rave theatres, concession costs for the six months ended June 30, 2013 increased to $11.9 million as compared to $11.0 million for the three months ended June 30, 2012. Excluding the acquired Rave theatres, as a percentage of concessions and other revenues, concessions costs were 12.4% for the three months ended June 30, 2013 as compared to 11.5% for the three months ended June 30, 2012.

Other theatre operating costs. Other theatre operating costs for the three months ended June 30, 2013 increased to $61.8 million as compared to $52.3 million for the three months ended June 30, 2012. Excluding the acquired Rave theatres, other theatre operating costs for the three months ended June 30, 2013 increased to $53.8 million as compared to $52.3 million for the three months ended June 30, 2012. The increase in our other theatre operating costs was primarily due to increases in other theatre costs of $8.0 million related to theatres acquired in 2012, increases in salaries and wages expense of $0.8 million and increases in theatre occupancy costs of $0.3 million. Other theatre operating costs for the six months ended June 30, 2013 increased to $119.7 million as compared to $104.4 million for the six months ended June 30, 2012. Excluding other theatre costs of $15.4 million related to the acquired Rave theatres, other theatre operating costs for the six months ended June 30, 2013 were consistent with the six months ended June 30, 2012.

General and administrative expenses. General and administrative expenses increased to $6.0 million for the three months ended June 30, 2013 compared to $5.2 million for the three months ended June 30, 2012. The increase in general and administrative expenses during the three months ended June 30, 2013 was primarily the result of increases in professional fees of $0.6 million related primarily to acquisition activities. General and administrative expenses for the six months ended June 30, 2013 increased to $12.0 million as compared to $10.2 million for the six months ended June 30, 2012. The increase in general and administrative expenses during the six months ended June 30, 2013 was primarily the result increases in professional fees of $1.1 million related primarily to acquisition activities and salaries and wages expense of $0.3 million related primarily to increases in deferred compensation costs.

Lease termination charges. During the six months ended June 30, 2013, we recorded lease termination charges of $3.1 million. The charges were primarily associated with the closing of an underperforming theatre prior to the end of its lease term. We did not record any lease termination charges for the three and six months ended June 30, 2012.

Severance Agreement Charges. During the three and six months ended June 30, 2012, we recorded severance agreement charges of $0.5 million. The severance agreement charges were primarily related to our former Vice President-General Manager Theatre Operations. We did not record any severance agreement charges for the three and six months ended June 30, 2013.

Depreciation and amortization. Depreciation and amortization expenses increased to $10.3 million for the three months ended June 30, 2013 as compared to $7.7 million for the three months ended June 30, 2012. Depreciation and amortization expenses increased to $20.5 million for the six months ended June 30, 2013 as compared to $15.5 million for the six months ended June 30, 2012. The increase in depreciation and amortization expenses for the three and six months ended June 30, 2013 was primarily due to depreciation and amortization expenses associated with theatres acquired during 2012.

Net gain (loss) on sales of property and equipment. We recognized a gain of $21,000 on the sale of property and equipment for the three months ended June 30, 2013. We did not recognize any gain or loss on the sale of property and equipment for the three months ended June 30, 2012. We recognized a loss on the sale of property and equipment of $59,000 and $0.2 million for the six months ended June 30, 2013 and 2012, respectively.

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Impairment of long-lived assets. Impairment of long-lived assets was $0.2 million and $0.1 million for the three months ended June 30, 2013 and 2012, respectively. The impairment charges for each period were primarily the result of the continued deterioration of previously impaired theatres. Impairment of long-lived assets for the six months ended June 30, 2013 decreased to $0.4 million from $1.5 million in the 2012 period. The impairment charges for the six months ended June 30, 2013 were primarily the result of the continued deterioration of previously impaired theatres. The impairment charges for the six months ended June 30, 2012 were primarily the result of our decision to replace an existing theatre prior to the end of its useful life.

Operating income. Operating income for the three months ended June 30, 2013 increased to $23.4 million from $16.1 million for the three months ended June 30, 2012. As a percentage of total operating revenues, operating income for the three months ended June 30, 2013 was 13.7% as compared to 11.8% for the three months ended June 30, 2012. This fluctuation is primarily a result of an increase in total attendance for the three months ended June 30, 2013, partially offset by an increase in fixed operating costs associated with theatres acquired during 2013 and the factors described above. Operating income for the six months ended June 30, 2013 decreased 12.8% to $26.7 million as compared to $30.6 million for the six months ended June 30, 2012. As a percentage of total operating revenues, operating income for the six months ended June 30, 2013 was 8.9% as compared to 11.5% for the six months ended June 30, 2012. These fluctuations are primarily a result of the factors described above.

Interest expense, net. Interest expense, net for the three months ended June 30, 2013 and 2012 was $12.3 million and $8.6 million, respectively. Interest expense, net for the six months ended June 30, 2013 increased to $24.6 million from $16.9 million for the six months ended June 30, 2012. Interest expense increased for the three and six months ended June 30, 2013 primarily due to an increase in the weighted average interest rate of our senior secured notes compared to our prior term loan and interest expense associated with financing obligations assumed from theatres acquired during 2012.

Income tax. During the three months ended June 30, 2013 and 2012, we recorded income tax expense of $4.8 million and $0.9 million, respectively, and during the six months ended June 30, 2013 and 2012, we recorded income tax expense of $0.5 million and $3.3 million, respectively, primarily as a result of our income from continuing operations. At June 30, 2013 and December 31, 2012, our consolidated deferred tax assets were $105.4 million and $102.9 million, respectively. As of each reporting date, we assess whether it is more likely than not that our deferred tax assets will be recovered from future taxable income, taking into account such factors as earnings history, taxable income in the carryback period, reversing temporary differences, projections of future taxable income, the finite lives of certain deferred tax assets, tax planning strategies and the impact of IRC Section 382 limitations. Both positive and negative evidence, as well as the objectivity and verifiability of that evidence, is considered in determining the appropriateness of recording a valuation allowance on deferred tax assets. When sufficient evidence exists that indicates that recovery is not more likely than not, a valuation allowance is established against the deferred tax assets, increasing our income tax expense in the period that such conclusion is made.

The effective tax rate from continuing operations for the three and six months ended June 30, 2013 was 41.8% and 33.7%, respectively. Our tax rate for the three months ended June 30, 2013 differs from the statutory tax rate primarily due to state income taxes, permanent tax items and changes in uncertain tax positions. Our tax rate for the six months ended June 30, 2013 differs from the statutory tax rate primarily due to federal employment credits partially offset by state income taxes, permanent tax items and changes in uncertain tax positions.

Loss from discontinued operations, net of tax benefit. Theatres are generally considered for closure due to an expiring lease term, underperformance, or the opportunity to better deploy invested capital. We did not close any theatres during the three months ended June 30, 2013. During the three months ended June 30 2012, we closed three theatres and for the six months ended June 30, 2013 and 2012, we closed seven theatres in each period. With respect to the closures during the three months ended June 30, 2012, we classified one theatre as discontinued operations, and for the six months ended June 30, 2013 and 2012, we classified one theatre and four theatres, respectively, as discontinued operations. We reported the results of these operations, including gains or losses on disposal, as discontinued operations. The operations and cash flow of these theatres have been eliminated from our operations, and we will not have any continuing involvement in their operations.

Liquidity and Capital Resources

General

We typically maintain current liabilities in excess of our current assets which results in a working capital deficit. We are able to operate with a substantial working capital deficit because our operating revenues are primarily received on a cash basis. Rather than maintain significant cash balances that would result from this pattern of operating cash flows, we utilize operating cash flows in excess of those required to fund capital projects, including new build-to-suit theatres and acquisitions. We had a working capital surplus of $28.9 million as of June 30, 2013 compared to a working capital surplus of $16.8 million at December 31, 2012. The working capital surplus in 2013 and 2012 resulted from proceeds of $56.3 million received from our common stock offering in April 2012.

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At June 30, 2013, we had available borrowing capacity of $25 million under our revolving Credit Facility (as defined below) and approximately $83.7 million in cash and cash equivalents on hand as compared to available borrowing capacity of $25 million under our revolving Credit Facility and approximately $68.5 million in cash and cash equivalents at December 31, 2012. The material terms of our revolving credit facility (including limitations on our ability to freely use all the available borrowing capacity) are described below in “Credit Agreement and Covenant Compliance.”

On April 27, 2012, we issued $210.0 million aggregate principal amount of 7.375% Senior Secured Notes due 2019 (the “Senior Secured Notes”). A portion of the proceeds of the Senior Secured Notes were used to repay in full our current senior secured term loan which had an outstanding balance of $199.7 million as of March 31, 2012. Following this repayment, we retained net cash proceeds of $2.6 million from the transaction after the payment of offering and other transaction expenses which we intend to use for general corporate purposes. On April 27, 2012, we also entered into a new $25.0 million senior secured revolving credit facility (the “Credit Facility”), which was undrawn at closing, and terminated our existing credit facility. The material terms of the Senior Secured Notes and the Credit Facility are described below in “Credit Agreement and Covenant Compliance.”

On July 22, 2013, the Company announced that it has commenced an offering of 4.5 million shares of its common stock, which, if consummated, would include an option for the underwriters to purchase up to an additional 675,000 shares of common stock, through a registered public offering that would be expected to close during the third quarter of 2013. The offering is being made pursuant to the Company’s existing shelf registration statement previously filed with the Securities and Exchange Commission (“SEC”). The funds to be received from the issuance of the shares, if received, would be used for general corporate purposes, including potential acquisitions, working capital and other capital expenditures. There can be no guarantee that the offering will be consummated on the expected terms or at all.

Net cash provided by operating activities was $31.9 million for the six months ended June 30, 2013 compared to net cash provided by operating activities of $26.1 million for the six months ended June 30, 2012. Cash provided by operating activities was higher for the six months ended June 30, 2013 due primarily to an increase in accounts payable as compared to the prior period, partially offset by an increase in interest paid of $10.7 million during the six months ended June 30, 2013. The increase in cash interest paid is primarily due to an increase in the weighted average interest rate of our senior secured notes compared to our prior term loan and interest associated with financing obligations assumed from theatres acquired during 2012. Net cash used in investing activities was $14.5 million for the six months ended June 30, 2013 compared to $10.3 million for the six months ended June 30, 2012. The increase in our net cash used in investing activities is primarily due to an increase in cash used for the purchases of property and equipment. Capital expenditures were $13.7 million and $10.6 million for the six months ended June 30, 2013 and 2012, respectively. Capital expenditures for the 2013 period related primarily to recently constructed new build-to-suit theatres. Capital expenditures for the 2012 period were primarily due to the construction of two new build-to-suit theatres opened during the first quarter of 2012 and Big D renovations (as described below). Net cash used in financing activities was $2.2 million for the six months ended June 30, 2013 compared to net cash provided by financing activities of $56.3 million for the six months ended June 30, 2012. The net cash provided by financing activities for the six months ended June 30, 2012 was primarily due to the proceeds of $56.3 million received from our common stock offering in April 2012.

Our liquidity needs are funded by operating cash flow and availability under our Credit Facility. The exhibition industry is seasonal with the studios normally releasing their premiere film product during the holiday season and summer months. This seasonal positioning of film product makes our needs for cash vary significantly from quarter to quarter. Additionally, the ultimate performance of the films any time during the calendar year will have a dramatic impact on our cash flow.

We from time to time close older theatres or do not renew the leases, and the expenses associated with exiting these closed theatres typically relate to costs associated with removing owned equipment for redeployment in other locations and are not material to our operations. In the first six months of 2013, we closed 7 of our underperforming theatres and estimate closing up to a total of 12 theatres for the full year 2013.

We plan to incur between $25 and $30 million in capital expenditures for calendar year 2013. We opened three new build-to-suit theatres during the first six months of 2013 and plan to open up to two additional theatres in 2013. In 2010, we began installing our own large digital format screen in select theatres. The Big D-Large Format Digital Experience (“Big D”) includes a larger screen, enhanced sound and premium seating accommodations. As of June 30, 2013, we have 19 Big D auditoriums, including one auditorium in each of our new build-to-suit theatres opened during the first six months of 2013. We intend to roll out additional Big D auditoriums during the remainder of 2013, including one Big D auditorium in each new build-to-suit theatre. We also have seven IMAX auditoriums that we acquired as part of the acquisition of Rave Reviews Cinemas in November 2012. We believe that the addition of Big D and IMAX auditoriums will have a positive impact on our operating results.

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7.375% Senior Secured Notes

On April 27, 2012, we issued $210.0 million aggregate principal amount of 7.375% Senior Secured Notes due May 15, 2019 (the “Senior Secured Notes”). Interest is payable on the Senior Secured Notes on May 15 and November 15 of each year, beginning on November 15, 2012. The Senior Secured Notes are fully and unconditionally guaranteed by each of our existing subsidiaries and will be guaranteed by any future domestic wholly-owned restricted subsidiaries. Debt issuance costs and other transaction fees of $8.6 million are included in prepaid expenses and other current assets and other non-current assets and amortized over the life of the debt as interest expense. The Senior Secured Notes are secured, subject to certain permitted liens, on a second priority basis by substantially all of our and our guarantors’ current and future property and assets (including the capital stock of our current subsidiaries), other than certain excluded assets.

At any time prior to May 15, 2015, we may redeem up to 35% of the aggregate principal amount of the Senior Secured Notes with the proceeds of certain equity offerings at a redemption price equal to 107.375% of the principal amount of the Senior Secured Notes, plus accrued and unpaid interest to, but excluding the redemption date; provided, however, that at least 65% of the aggregate principal amount of the Senior Secured Notes are outstanding immediately following the redemption. In addition, at any time prior to May 15, 2015, we may redeem all or a portion of the Senior Secured Notes by paying a “make-whole” premium calculated as described in the indenture governing the Senior Secured Notes (the “Indenture”).

At any time on or after May 15, 2015, we may redeem all or a portion of the Senior Secured Notes at redemption prices calculated based on a percentage of the principal amount of the Senior Secured Notes being redeemed, plus accrued and unpaid interest, if any, to the redemption date, depending on the date on which the Senior Secured Notes are redeemed. These percentages range from between 100.00% and 105.53%.

Following a change of control, as defined in the Indenture, we will be required to make an offer to repurchase all or any portion of the Senior Secured Notes at a purchase price of 101% of the principal amount, plus accrued and unpaid interest to, but excluding, the date of repurchase.

The Indenture includes covenants that limit the ability of us and our restricted subsidiaries to, among other things: incur additional indebtedness or guarantee obligations; issue certain preferred stock or redeemable stock; subject to certain exceptions, pay dividends beyond certain calculated thresholds, repurchase or make distributions in respect of our capital stock or make other restricted payments; make certain investments; sell, transfer or otherwise convey certain assets; create or incur liens or other encumbrances; prepay, redeem or repurchase subordinated debt prior to stated maturities; designate our subsidiaries as unrestricted subsidiaries; consolidate, merge, sell or otherwise dispose of all or substantially all of our assets; enter into a new or different line of business; and enter into certain transactions with our affiliates. The restrictive covenants are subject to a number of important exceptions and qualifications set forth in the Indenture.

The Indenture provides for customary events of default. If any event of default occurs and is continuing, subject to certain exceptions, the trustee or the holders of at least 25% in aggregate principal amount of the then outstanding Senior Secured Notes may declare all the Senior Secured Notes to be due and payable immediately, together with any accrued and unpaid interest, if any, to the acceleration date. In the case of an event of default resulting from certain events of bankruptcy, insolvency or reorganization, such amounts with respect to the Senior Secured Notes will be due and payable immediately without any declaration or other act on the part of the trustee or the holders of the Senior Secured Notes.

Revolving Credit Facility

On April 27, 2012, we entered into a revolving credit facility (the “Credit Facility”) by and among us, as borrower, the banks and other financial institutions or entities from time to time parties to the credit agreement governing the Credit Facility (the “Credit Agreement”), as lenders, and Macquarie US Trading LLC as administrative agent. Macquarie US Trading, LLC and Raymond James Bank, N.A. are lenders under the Credit Agreement as initially in effect.

The Credit Agreement provides a $25.0 million senior secured revolving credit facility having a four year term, and includes a sub-facility for the issuance of letters of credit totaling up to $10.0 million. Our obligations under the Credit Facility are guaranteed by each of our existing and future direct and indirect wholly owned domestic subsidiaries, and the obligations of us and our guarantors in respect of the Credit Facility are secured by first priority liens on substantially all of our and such subsidiaries’ current and future property and assets, other than certain excluded assets pursuant to the first lien guarantee and collateral agreement by and among us, such guarantors and Wells Fargo Bank, National Association, as collateral trustee. In addition, the Credit Agreement contains provisions to accommodate the incurrence of up to $150.0 million in future incremental borrowings. While the Credit Agreement does not contain any commitment by the lenders to provide this incremental indebtedness, the Credit Agreement describes how such debt (if provided by our existing or new lenders) would be subject to various financial and other covenant compliance requirements and conditions at the time the additional debt is incurred.

The interest rate for borrowings under the Credit Facility is LIBOR (subject to a 1.00% floor) plus a margin of 4.50%, or Base Rate (as defined in the Credit Facility) (subject to a 2.00% floor) plus a margin of 3.50%, as we may elect. In addition, we will be required to pay commitment fees on the unused portion of the Credit Facility at the rate of 0.50% per annum. The termination date of the Credit Facility is April 27, 2016.

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The Credit Facility contains covenants which, among other things, limit our ability, and that of our subsidiaries, to:

• pay dividends beyond certain calculated thresholds or make any other restricted payments to parties other than to us;

• incur additional indebtedness and financing obligations;

• create liens on our assets;

• make certain investments;

• sell or otherwise dispose of our assets other than in the ordinary course of business;

• consolidate, merge or otherwise transfer all or any substantial part of our assets;

• enter into transactions with our affiliates; and

• engage in businesses other than those in which we are currently engaged or those reasonably related thereto.

These limitations are similar to the corresponding limitations applicable under the terms of the Indenture, except that the Credit Facility contains further limitations on our ability to incur additional indebtedness and liens. In addition, to the extent we incur certain specified levels of additional indebtedness, further limitations under the Credit Facility will become applicable under covenants related to sales of assets, sale-leaseback transactions, investment transactions, and the payment of dividends and other restricted payments. In addition, if we draw on the Credit Facility, we will be required to maintain a first lien leverage ratio as defined (the “Leverage Ratio”) not more than 2.75 to 1.00. The Credit Agreement also contains certain representations and warranties, other affirmative and negative covenants, and events of default customary for secured revolving credit facilities of this type.

Our failure to comply with any of these covenants, including compliance with the Leverage Ratio, will be an event of default under the Credit Facility, in which case the administrative agent may, with the consent or at the request of lenders holding a majority of the commitments and outstanding loans, terminate the Credit Facility and declare all or any portion of the obligations under the Credit Facility due and payable. Other events of default under the Credit Facility include:

• our failure to pay principal on the loans when due and payable, or our failure to pay interest on the loans or to pay certain fees and expenses (subject to applicable grace periods);

• the occurrence of a change of control (as defined in the Credit Agreement);

• a breach or default by us or our subsidiaries on the payment of principal of any other indebtedness in an aggregate amount greater than $10 million;

• breach of representations or warranties in any material respect;

• failure to perform other obligations under the Credit Agreement and the security documents for the Credit Facility (subject to applicable cure periods); or

• certain bankruptcy or insolvency events.

In the event of a bankruptcy or insolvency event of default, the Credit Facility will automatically terminate, and all obligations thereunder will immediately become due and payable.

As of June 30, 2013, we were in compliance with all of the financial covenants in our Indenture and Credit Facility.

Forward-Looking Information

Certain items in this report are considered forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In addition, we, or our executive officers on our behalf,

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may from time to time make forward-looking statements in reports and other documents we file with the SEC or in connection with oral statements made to the press, potential investors or others. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as “plan,” “estimate,” “expect,” “project,” “anticipate,” “intend,” “believe” and other words and terms of similar meaning in connection with discussion of future operating or financial performance. These statements include, among others, statements regarding our future operating results, our strategies, sources of liquidity, debt covenant compliance, the availability of film product, our capital expenditures, and the opening and closing of theatres. These statements are based on the current expectations, estimates or projections of management and do not guarantee future performance. The forward-looking statements also involve risks and uncertainties, which could cause actual outcomes and results to differ materially from what is expressed or forecasted in these statements. As a result, these statements speak only as of the date they were made and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Our actual results and future trends may differ materially depending on a variety of factors, including:

• our ability to achieve expected results from our strategic acquisitions;

• general economic conditions in our regional and national markets;

• our ability to comply with covenants contained in the agreements governing our indebtedness;

• our ability to operate at expected levels of cash flow;

• financial market conditions including, but not limited to, changes in interest rates and the availability and cost of capital;

• our ability to meet our contractual obligations, including all outstanding financing commitments;

• the availability of suitable motion pictures for exhibition in our markets;

• competition in our markets;

• competition with other forms of entertainment;

• the effect of leverage on our financial condition;

• prices and availability of operating supplies;

• impact of continued cost control procedures on operating results;

• the impact of asset impairments;

• the impact of terrorist acts;

• changes in tax laws, regulations and rates;

• financial, legal, tax, regulatory, legislative or accounting changes or actions that may affect the overall performance of our business; and

• other factors, including the risk factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2012 under the caption “Risk Factors”.

Other important assumptions and factors that could cause actual results to differ materially from those in the forward-looking statements are specified elsewhere in this report and our other SEC reports, accessible on the SEC’s website at www.sec.gov and our website at www.carmike.com.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes in market risk from the information provided under “Quantitative and Qualitative Disclosures about Market Risk” in Item 7A of our Annual Report on Form 10-K for the year ended December 31, 2012.

ITEM 4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

We maintain disclosure controls and procedures designed to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures, as defined in Rules 13a–15(e) and 15d–15(e) under the Exchange Act, include controls and procedures designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is accumulated and communicated to our management, including the chief executive officer and the chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. It should be noted that any system of controls, however well designed and operated, can provide only reasonable, and not absolute, assurance that the objectives of the system are met.

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As required by SEC rules, we have evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this Quarterly Report on Form 10–Q. This evaluation was carried out under the supervision and with the participation of our management, including our chief executive officer and our chief financial officer. Based on this evaluation, these officers have concluded that, as of June 30, 2013, our disclosure controls and procedures were effective.

Changes in Internal Control Over Financial Reporting

There has been no change in the Company’s internal control over financial reporting during the three months ended June 30, 2013 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

For information relating to the Company’s legal proceedings, see Note 7 – Commitments and Contingencies, under Part I, Item 1 of this Quarterly Report on Form 10-Q.

ITEM 1A. RISK FACTORS

For information regarding factors that could affect the Company’s results of operations, financial condition and liquidity, see the risk factors discussed under “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. See also “Forward-Looking Statements,” included in Part I, Item 2 of this Quarterly Report on Form 10-Q. There have been no material changes from the risk factors previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

None.

ITEM 5. OTHER INFORMATION

None.

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ITEM 6. EXHIBITS

Listing of exhibits

Exhibit Number	Description
2.1	Membership Interest Purchase Agreement, dated as of September 28, 2012, by and among Carmike Cinemas, Inc., Rave Reviews Cinemas, L.L.C. and Rave Reviews Holdings, LLC (filed as Exhibit 2.1 to Carmike’s Current Report on Form 8-K filed on October 1, 2012 and incorporated herein by reference). (Schedules and exhibits omitted pursuant to Item 601(b)(2) of Regulation S-K. Carmike agrees to furnish supplementally a copy of any omitted schedule to the Securities and Exchange Commission upon request.)
3.1	Amended and Restated Certificate of Incorporation of Carmike Cinemas, Inc. (filed as Exhibit 3.1 to Carmike’s Amendment to Form 8-A filed January 31, 2002 and incorporated herein by reference).
3.2	Certificate of Amendment to amended and Restated Certificate of Incorporation of Carmike Cinemas, Inc, (filed as Exhibit 3.1 to Carmike’s Current Report on Form 8-K filed May 21, 2010 and incorporated herein by reference).
3.3	Amended and Restated By-Laws of Carmike Cinemas, Inc. (filed as Exhibit 3.1 to Carmike’s Current Report on Form 8-K filed on January 22, 2009 and incorporated herein by reference).
10.1	Amended and Restated Separation Agreement, dated May 15, 2013 (filed as Exhibit 10.1 to Carmike’s Current Report on Form 8-K filed May 16, 2013 and incorporated herein by reference).
10.2	Amended and Restated Employment Agreement, dated May 15, 2013, between Carmike Cinemas, Inc. and S. David Passman III (filed as Exhibit 10.2 to Carmike’s Current Report on Form 8-K filed May 16, 2013 and incorporated herein by reference).
10.3	Amendment Number One to Separation Agreement, dated May 15, 2013, between Carmike Cinemas, Inc. and John Lundin (filed as Exhibit 10.3 to Carmike’s Current Report on Form 8-K filed May 16, 2013 and incorporated herein by reference).
10.4	Form of Amendment Number One to Performance Shares Certificate Granted in 2012 and 2013, dated May 15, 2013 (filed as Exhibit 10.4 to Carmike’s Current Report on Form 8-K filed May 16, 2013 and incorporated herein by reference).
10.5	Form of Amendment Number One to Option Certificate(s), dated May 15, 2013 (filed as Exhibit 10.5 to Carmike’s Current Report on Form 8-K filed May 16, 2013 and incorporated herein by reference).
10.6	Executive Nonqualified Excess Plan Adoption Agreement, dated June 28, 2013 (filed as Exhibit 10.1 to Carmike’s Current Report on Form 8-K filed July 2, 2013 and incorporated herein by reference).
10.7	Executive Nonqualified Excess Plan, dated June 28, 2013 (filed as Exhibit 10.2 to Carmike’s Current Report on Form 8-K filed July 2, 2013 and incorporated herein by reference).
10.8	Form of Agreement Relating to Deferred Compensation, dated June 28, 2013 (filed as Exhibit 10.3 to Carmike’s Current Report on Form 8-K filed July 2, 2013 and incorporated herein by reference).
11	Computation of per share earnings (provided in Note 8 of the notes to condensed consolidated financial statements included in this report under the caption “Net Income Per Share”).
31.1	Certification of the Chief Executive Officer Pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of the Chief Financial Officer Pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certificate of the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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Exhibit Number	Description
32.2	Certificate of the Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	The following financial information for Carmike, formatted in XBRL (Extensible Business Reporting Language): (i) the Condensed Consolidated Balance Sheets, (ii) the Condensed Consolidated Statements of Operations, (iii) the Condensed Consolidated Statements of Cash Flows, and (iv) the Notes to the Condensed Consolidated Financial Statements, tagged as detailed text.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CARMIKE CINEMAS, INC.
Date: July 23, 2013	By:	/s/ S. David Passman III
		S. David Passman III
		President, Chief Executive Officer and Director
		(Principal Executive Officer)
Date: July 23, 2013	By:	/s/ Richard B. Hare
		Richard B. Hare
		Senior Vice President-Finance, Treasurer and Chief Financial Officer
		(Principal Financial and Accounting Officer)

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EX-31.1

Exhibit 31.1

CERTIFICATE OF CHIEF EXECUTIVE OFFICER

I, S. David Passman III, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Carmike Cinemas, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 23, 2013

/s/ S. David Passman III

S. David Passman III

President, Chief Executive Officer and Director

EX-31.2

Exhibit 31.2

CERTIFICATE OF CHIEF FINANCIAL OFFICER

I, Richard B. Hare, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Carmike Cinemas, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 23, 2013

/s/ Richard B. Hare

Richard B. Hare

Senior Vice President-Finance, Treasurer and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Carmike Cinemas, Inc. on Form 10-Q for the period ended June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, S. David Passman III, the Chief Executive Officer of the registrant, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to my knowledge, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the issuer.

Date: July 23, 2013

/s/ S. David Passman III

S. David Passman III

President, Chief Executive Officer and Director

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Carmike Cinemas, Inc. on Form 10-Q for the period ended June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Richard B. Hare, Chief Financial Officer of the registrant, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to my knowledge, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the issuer.

Date: July 23, 2013

/s/ Richard B. Hare

Richard B. Hare

Senior Vice President-Finance, Treasurer and Chief Financial Officer

XML

Lease Termination Charges

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Lease Termination Charges

NOTE 12—LEASE TERMINATION CHARGES

For the six months ended June 30, 2013, the Company has recorded lease termination charges of $3,063 primarily related to the closure of an underperforming theatre prior to the end of its lease term. The remaining lease term of the theatre is approximately six years. In accordance with ASC 420, Exit or Disposal Cost Obligations, the Company recorded a liability of $2,413 representing the present value of the future contractual commitments for the base rents, taxes and maintenance. As of June 30, 2013, the liability was $2,355. The current portion of the liability is included in accrued expenses and the long-term portion of the liability is included with other long-term liabilities in the accompanying consolidated balance sheets.

The Company has also recorded lease termination charges of $650 in connection with the early termination of a lease agreement for a new build-to-suit theatre.

XML

Condensed Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues:
Admissions	$ 107,825	$ 86,434	$ 189,348	$ 169,125
Concessions and other	62,648	49,099	111,219	96,375
Total operating revenues	170,473	135,533	300,567	265,500
Operating costs and expenses:
Film exhibition costs	61,141	48,254	104,405	91,497
Concession costs	7,730	5,481	13,699	11,048
Other theatre operating costs	61,768	52,290	119,728	104,421
Lease termination charges (Note 12)			3,063
General and administrative expenses	6,032	5,174	12,047	10,174
Severance agreement charges		493		493
Depreciation and amortization	10,251	7,737	20,483	15,504
(Gain) loss on sale of property and equipment	(21)		59	248
Impairment of long-lived assets	207	50	411	1,536
Total operating costs and expenses	147,108	119,479	273,895	234,921
Operating income	23,365	16,054	26,672	30,579
Interest expense	12,346	8,611	24,645	16,874
Loss on extinguishment of debt		4,961		4,961
Income before income tax and income (loss) from unconsolidated affiliates	11,019	2,482	2,027	8,744
Income tax expense (Note 4)	4,755	912	459	3,320
Income (loss) from unconsolidated affiliates (Note 10)	352	(448)	(663)	(992)
Income from continuing operations	6,616	1,122	905	4,432
Income (loss) from discontinued operations (Note 6)	61	76	(11)	(3)
Net income	$ 6,677	$ 1,198	$ 894	$ 4,429
Weighted average shares outstanding:
Basic	17,598	16,963	17,573	14,894
Diluted	18,068	17,364	18,033	15,147
Net income per common share (Basic):
Income from continuing operations	$ 0.38	$ 0.07	$ 0.05	$ 0.30
Net income	$ 0.38	$ 0.07	$ 0.05	$ 0.30
Net income per common share (Diluted):
Income from continuing operations	$ 0.37	$ 0.07	$ 0.05	$ 0.29
Net income	$ 0.37	$ 0.07	$ 0.05	$ 0.29

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Equity Based Compensation

6 Months Ended

Jun. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Equity Based Compensation

NOTE 5—EQUITY BASED COMPENSATION

In March 2004, the Board of Directors adopted the Carmike Cinemas, Inc. 2004 Incentive Stock Plan (the “2004 Incentive Stock Plan”). The Company’s Compensation and Nominating Committee (or similar committee) may grant stock options, stock grants, stock units, and stock appreciation rights under the 2004 Incentive Stock Plan to certain eligible employees and to outside directors. As of June 30, 2013, there were 1,102,010 shares available for future grants under the 2004 Incentive Stock Plan. The Company’s policy is to issue new shares upon exercise of options and the issuance of stock grants.

The Company also issues restricted stock awards to certain key employees and directors. Generally, the restricted stock vests over a one to three year period and compensation expense is recognized over the one to three year period equal to the grant date fair value of the shares awarded. As of June 30, 2013, the Company also had 361,603 shares of performance-based awards outstanding which are dependent on the achievement of EBITDA targets that vest over a three-year period. As of June 30, 2013, 135,803 shares of these performance-based stock awards have been earned due to the achievement of EBITDA targets. Performance-based stock awards are recognized as compensation expense over the vesting period based on the fair value on the date of grant and the number of shares ultimately expected to vest. The Company has determined the achievement of the performance target for the unearned awards is probable.

The Company’s total stock-based compensation expense was approximately $607 and $638 for the three months ended June 30, 2013 and 2012, respectively, and $1,318 and $1,101 for the six months ended June 30, 2013 and 2012, respectively. Included in stock-based compensation expense for the three and six months ended June 30, 2012, is $115 related to the accelerated vesting of stock-based awards to the Company’s former Vice President-General Manager Theatre Operations. Stock-based compensation expense is included in general and administrative expenses in the consolidated statement of operations. As of June 30, 2013, the Company had approximately $5,376 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the Company’s plans. This cost is expected to be recognized as stock-based compensation expense over a weighted-average period of approximately 2.1 years. This expected cost does not include the impact of any future stock-based compensation awards.

Options—Service Condition Vesting

The Company currently uses the Black-Scholes option pricing model to determine the fair value of its stock options for which vesting is dependent only on employees providing future service. Such stock options vest equally over a three-year period, except for options granted to members of the Board of Directors that vest immediately upon issuance. The stock options expire 10 years after the grant date. The Company’s stock-based compensation expense is recorded based on an estimated forfeiture rate of 5%.

No options were granted during the first six months of 2013 or 2012. The following table sets forth the summary of option activity for stock options with service vesting conditions as of June 30, 2013:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
	Shares			Price		Life (Yrs.)		Value
Outstanding at January 1, 2013		747,500		$	12.32		5.92
Granted		—		$	—
Exercised		—		$	—
Expired		(90,000	)	$	27.15
Forfeited		—		$	—
Outstanding at June 30, 2013		657,500		$	10.29		6.21	$	6,623
Exercisable on June 30, 2013		601,662		$	10.58		6.06	$	5,941
Expected to vest June 30, 2013		53,929		$	7.14		7.77	$	659

Restricted Stock

The following table sets forth the summary of activity for restricted stock grants, including performance-based awards, for the six months ended June 30, 2013:

				Weighted
				Average
				Grant Date
	Shares			Fair Value
Nonvested at January 1, 2013		458,981		$	10.85
Granted		213,954		$	15.78
Vested		(97,928	)	$	11.78
Forfeited		—		$	—
Nonvested at June 30, 2013		575,007		$	12.53

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Screenvision Exhibition, Inc. (Tables)

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Summary of Changes in Investments in Unconsolidated Affiliates and Deferred Revenue

A summary of changes in investments in unconsolidated affiliates and deferred revenue for the Company’s equity method investment in SV Holdco for the six months ended June 30, 2013 is as follows:

Investments in unconsolidated affiliates	SV Holdco
Balance at January 1, 2013	$	6,740
Equity earnings of SV Holdco		(1,629	)
Balance at June 30, 2013	$	5,111

Deferred revenue	SV Holdco
Balance at January 1, 2013	$	34,141
Amortization of up-front payment		(473	)
Amortization of Class C units		(106	)
Balance at June 30, 2013	$	33,562

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Subsequent Events

6 Months Ended

Jun. 30, 2013

Subsequent Events [Abstract]

Subsequent Events

NOTE 13—SUBSEQUENT EVENTS

On July 17, 2013, the Company entered into a definitive asset purchase agreement to purchase three theatres and 52 screens from Cinemark USA, Inc., a wholly-owned subsidiary of Cinemark Holdings, Inc. The Company expects to complete the transaction in the third quarter. The purchase is consistent with the Company’s growth strategy.

On July 22, 2013, the Company announced that it has commenced an offering of 4.5 million shares of its common stock, which, if consummated, would include an option for the underwriters to purchase up to an additional 675,000 shares of common stock, through a registered public offering that would be expected to close during the third quarter of 2013. The offering is being made pursuant to the Company’s existing shelf registration statement previously filed with the Securities and Exchange Commission (“SEC”). The funds to be received from the issuance of the shares, if received, would be used for general corporate purposes, including potential acquisitions, working capital and other capital expenditures. There can be no guarantee that the offering will be consummated on the expected terms or at all.

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Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	$ 31,889	$ 26,129
Cash flows from investing activities:
Purchases of property and equipment	(13,691)	(10,626)
Purchase acquisition	(1,349)	(702)
Proceeds from sale of property and equipment	229	700
Other investing activities	280	314
Net cash used in investing activities	(14,531)	(10,314)
Cash flows from financing activities:
Short-term borrowings		5,000
Repayments of short term borrowings		(5,000)
Issuance of long-term debt		209,500
Repayments of long-term debt		(200,229)
Debt issuance costs		(8,599)
Repayments of capital leases and long-term financing obligations	(1,979)	(900)
Issuance of common stock		56,633
Purchase of treasury stock	(174)	(57)
Intercompany receivable/payable
Net cash (used in) provided by financing activities	(2,153)	56,348
Increase in cash and cash equivalents	15,205	72,163
Cash and cash equivalents at beginning of period	68,531	13,616
Cash and cash equivalents at end of period	83,736	85,779
Carmike Cinemas, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	16,853	(2,151)
Cash flows from investing activities:
Purchases of property and equipment	(3,444)	(4,855)
Purchase acquisition
Proceeds from sale of property and equipment	5	33
Other investing activities	280	314
Net cash used in investing activities	(3,159)	(4,508)
Cash flows from financing activities:
Short-term borrowings		5,000
Repayments of short term borrowings		(5,000)
Issuance of long-term debt		209,500
Repayments of long-term debt		(200,229)
Debt issuance costs		(8,599)
Repayments of capital leases and long-term financing obligations	(210)	(162)
Issuance of common stock		56,633
Purchase of treasury stock	(174)	(57)
Intercompany receivable/payable	5,576	18,916
Net cash (used in) provided by financing activities	5,192	76,002
Increase in cash and cash equivalents	18,886	69,343
Cash and cash equivalents at beginning of period	49,093	3,623
Cash and cash equivalents at end of period	67,979	72,966
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	12,972	28,280
Cash flows from investing activities:
Purchases of property and equipment	(9,189)	(5,771)
Purchase acquisition		(702)
Proceeds from sale of property and equipment	224	667
Other investing activities
Net cash used in investing activities	(8,965)	(5,806)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations	(893)	(738)
Purchase of treasury stock
Intercompany receivable/payable	(4,872)	(18,916)
Net cash (used in) provided by financing activities	(5,765)	(19,654)
Increase in cash and cash equivalents	(1,758)	2,820
Cash and cash equivalents at beginning of period	14,870	9,993
Cash and cash equivalents at end of period	13,112	12,813
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities
Cash flows from investing activities:
Purchases of property and equipment
Purchase acquisition
Proceeds from sale of property and equipment
Other investing activities
Net cash used in investing activities
Cash flows from financing activities:
Short-term borrowings
Repayments of capital leases and long-term financing obligations
Purchase of treasury stock
Intercompany receivable/payable
Net cash (used in) provided by financing activities
Increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	2,064
Cash flows from investing activities:
Purchases of property and equipment	(1,058)
Purchase acquisition	(1,349)
Proceeds from sale of property and equipment
Other investing activities
Net cash used in investing activities	(2,407)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations	(876)
Purchase of treasury stock
Intercompany receivable/payable	(704)
Net cash (used in) provided by financing activities	(1,580)
Increase in cash and cash equivalents	(1,923)
Cash and cash equivalents at beginning of period	4,568
Cash and cash equivalents at end of period	2,645
Guarantor Financials [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	31,889
Cash flows from investing activities:
Purchases of property and equipment	(13,691)
Purchase acquisition	(1,349)
Proceeds from sale of property and equipment	229
Other investing activities	280
Net cash used in investing activities	(14,531)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations	(1,979)
Purchase of treasury stock	(174)
Intercompany receivable/payable
Net cash (used in) provided by financing activities	(2,153)
Increase in cash and cash equivalents	15,205
Cash and cash equivalents at beginning of period	68,531
Cash and cash equivalents at end of period	83,736
Guarantor Financials [Member] | Carmike Cinemas, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	16,853
Cash flows from investing activities:
Purchases of property and equipment	(3,444)
Purchase acquisition
Proceeds from sale of property and equipment	5
Other investing activities	280
Net cash used in investing activities	(3,159)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations	(210)
Purchase of treasury stock	(174)
Intercompany receivable/payable	5,576
Net cash (used in) provided by financing activities	5,192
Increase in cash and cash equivalents	18,886
Cash and cash equivalents at beginning of period	49,093
Cash and cash equivalents at end of period	67,979
Guarantor Financials [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	15,036
Cash flows from investing activities:
Purchases of property and equipment	(10,247)
Purchase acquisition	(1,349)
Proceeds from sale of property and equipment	224
Other investing activities
Net cash used in investing activities	(11,372)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations	(1,769)
Purchase of treasury stock
Intercompany receivable/payable	(5,576)
Net cash (used in) provided by financing activities	(7,345)
Increase in cash and cash equivalents	(3,681)
Cash and cash equivalents at beginning of period	19,438
Cash and cash equivalents at end of period	15,757
Guarantor Financials [Member] | Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities
Cash flows from investing activities:
Purchases of property and equipment
Purchase acquisition
Proceeds from sale of property and equipment
Other investing activities
Net cash used in investing activities
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations
Purchase of treasury stock
Intercompany receivable/payable
Net cash (used in) provided by financing activities
Increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

XML

Screenvision Exhibition, Inc. - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended			0 Months Ended	6 Months Ended	1 Months Ended	0 Months Ended	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Oct. 14, 2010 Class C Membership Units [Member]	Jun. 30, 2013 Class C Membership Units [Member]	Sep. 30, 2011 Class A Membership Units [Member]	Oct. 14, 2010 Screenvision [Member]	Jan. 31, 2011 Screenvision [Member]	Jun. 30, 2013 Screenvision [Member]	Jun. 30, 2012 Screenvision [Member]	Jun. 30, 2013 Screenvision [Member]	Jun. 30, 2012 Screenvision [Member]	Dec. 31, 2012 Screenvision [Member]
Schedule of Equity Method Investments [Line Items]
Exhibition agreement, expiration date													Jul. 01, 2012
Modified Exhibition Agreement, additional term													30 years
Modified Exhibition Agreement, expiration date													Jul. 01, 2042
Cash received on Modified Exhibition Agreement										$ 30,000
Percentage of issued and outstanding membership units received						20.00%		1.00%
Voluntary capital contribution made to SV Holdco								718
Percentage of Class C and Class A membership units held	100.00%		100.00%								19.00%		19.00%
Carrying value of ownership interest in SV Holdco	6,036		6,036		7,682						5,111		5,111
Threshold amount applicable for future profits and appreciation in assets						85,000	88,000
Maximum forfeiture limit							25.00%
Maximum bonus units to be received							33.00%
Non-forfeitable ownership interest at estimated fair value									6,555
Non-forfeitable Class C and Class A membership units											15.00%		15.00%		15.00%
Recognized concessions and other revenue received									30,000
Aggregate amount deferred to be recognized as concessions and other revenue									36,555
Concessions and other	62,648	49,099	111,219	96,375							2,500	2,100	4,500	4,400
Intercompany gain to Company											440	399	794	796
Amounts due included in accounts receivable related to Screenvision	$ 8,528		$ 8,528		$ 6,555						$ 2,058		$ 2,058		$ 2,030

XML

Impairment of Long-Lived Assets - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013 Theatre	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Property, Plant and Equipment [Line Items]
Impairment charges	$ 207	$ 50	$ 411	$ 1,536
Number of operating theatres where competition entered the market	1
Number of theatres	1
Estimated aggregate fair value of long-lived assets impaired	$ 712		$ 1,250
Maximum [Member]
Property, Plant and Equipment [Line Items]
Projects future attendance fluctuations, percent			10.00%
Risk-adjusted of return, discount rate			15.00%
Minimum [Member]
Property, Plant and Equipment [Line Items]
Projects future attendance fluctuations, percent			(10.00%)
Risk-adjusted of return, discount rate			10.00%

XML

Guarantor Subsidiaries (Tables)

6 Months Ended

Jun. 30, 2013

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	As of June 30, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	67,979		$	13,112		$	2,645		$	—		$	83,736
Restricted cash		13			—			—			—			13
Accounts receivable		8,111			359			3,121			(3,063	)		8,528
Inventories		684			2,424			472			—			3,580
Deferred income tax asset		3,258			435			778			—			4,471
Prepaid expenses and other current assets		7,641			4,999			3,457			(4,721	)		11,376
Total current assets		87,686			21,329			10,473			(7,784	)		111,704
Property and equipment:
Land		12,080			39,761			—			—			51,841
Buildings and building improvements		45,584			222,329			67,077			—			334,990
Leasehold improvements		19,249			109,828			16,305			—			145,382
Assets under capital leases		8,675			36,295			—			—			44,970
Equipment		65,378			161,399			12,925			—			239,702
Construction in progress		1,991			4,852			—			—			6,843
Total property and equipment		152,957			574,464			96,307			—			823,728
Accumulated depreciation and amortization		(80,998	)		(301,065	)		(5,589	)		—			(387,652	)
Property and equipment, net of accumulated depreciation		71,959			273,399			90,718			—			436,076
Intercompany receivables		87,137			—			4,643			(91,780	)		—
Investments in subsidiaries		157,288			131			—			(157,419	)		—
Goodwill		—			8,087			36,490			—			44,577
Intangible assets, net of accumulated amortization		—			1,009			—			—			1,009
Investments in unconsolidated affiliates		5,111			925			—			—			6,036
Deferred income tax asset		57,784			42,929			199			—			100,912
Other assets		13,376			5,854			397			—			19,627
Total assets	$	480,341		$	353,663		$	142,920		$	(256,983	)	$	719,941
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	32,701		$	6,414		$	1,081		$	(3,063	)	$	37,133
Accrued expenses		20,698			18,509			6,471			(4,721	)		40,957
Current maturities of capital leases and long-term financing obligations		491			2,255			2,004			—			4,750
Total current liabilities		53,890			27,178			9,556			(7,784	)		82,840
Long-term liabilities:
Long-term debt		209,583			—			—			—			209,583
Capital leases and long-term financing obligations, less current maturities		27,670			83,758			107,227			—			218,655
Intercompany liabilities		—			91,780			—			(91,780	)		—
Deferred revenue		32,405			—			—			—			32,405
Other		5,321			13,374			6,291			—			24,986
Total long-term liabilities		274,979			188,912			113,518			(91,780	)		485,629
Stockholders’ equity:
Preferred stock		—			—			—			—			—
Common stock		542			1			—			(1	)		542
Treasury stock		(11,914	)		—			—			—			(11,914	)
Paid-in capital		350,982			237,800			22,213			(260,013	)		350,982
Accumulated deficit		(188,138	)		(100,228	)		(2,367	)		102,595			(188,138	)
Total stockholders’ equity		151,472			137,573			19,846			(157,419	)		151,472
Total liabilities and stockholders’ equity	$	480,341		$	353,663		$	142,920		$	(256,983	)	$	719,941

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2012
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	49,093		$	14,870		$	4,568		$	—		$	68,531
Restricted cash		293			—			—			—			293
Accounts receivable		5,058			874			5,250			(4,627	)		6,555
Inventories		926			2,823			437			—			4,186
Deferred income tax asset		3,203			—			—			(307	)		2,896
Prepaid expenses and other current assets		3,426			5,173			2,337			—			10,936
Total current assets		61,999			23,740			12,592			(4,934	)		93,397
Property and equipment:
Land		12,080			39,796			—			—			51,876
Buildings and building improvements		45,571			223,090			67,077			—			335,738
Leasehold improvements		19,200			107,111			15,447			—			141,758
Assets under capital leases		8,675			36,295			—			—			44,970
Equipment		64,167			158,333			12,723			—			235,223
Construction in progress		1,352			3,833			—			—			5,185
Total property and equipment		151,045			568,458			95,247			—			814,750
Accumulated depreciation and amortization		(77,302	)		(291,132	)		(1,389	)		—			(369,823	)
Property and equipment, net of accumulated depreciation		73,743			277,326			93,858			—			444,927
Intercompany receivables		92,801			—			7,002			(99,803	)		—
Investments in subsidiaries		157,522			126			—			(157,648	)		—
Goodwill		—			8,087			36,490			—			44,577
Intangible assets, net of accumulated amortization		—			1,061			—			—			1,061
Investments in unconsolidated affiliates		6,740			942			—			—			7,682
Deferred income tax asset		57,247			42,765			—			—			100,012
Other assets		14,299			6,026			747			—			21,072
Total assets	$	464,351		$	360,073		$	150,689		$	(262,385	)	$	712,728
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	24,071		$	9,704		$	2,993		$	(4,627	)	$	32,141
Accrued expenses		14,601			17,250			8,505			(307	)		40,049
Current maturities of capital leases and long-term financing obligations		442			2,169			1,811			—			4,422
Total current liabilities		39,114			29,123			13,309			(4,934	)		76,612
Long-term liabilities:
Long-term debt		209,548			—			—			—			209,548
Capital leases and long-term financing obligations, less current maturities		27,876			84,557			108,292			—			220,725
Intercompany liabilities		—			99,803			—			(99,803	)		—
Deferred revenue		32,984			—			—			—			32,984
Other		5,395			11,487			6,543			—			23,425
Total long-term liabilities		275,803			195,847			114,835			(99,803	)		486,682
Stockholders’ equity:
Preferred stock		—			—			—			—			—
Common stock		540			1			—			(1	)		540
Treasury stock		(11,740	)		—			—			—			(11,740	)
Paid-in capital		349,666			237,800			22,037			(259,837	)		349,666
Accumulated deficit		(189,032	)		(102,698	)		508			102,190			(189,032	)
Total stockholders’ equity		149,434			135,103			22,545			(157,648	)		149,434
Total liabilities and stockholders’ equity	$	464,351		$	360,073		$	150,689		$	(262,385	)	$	712,728

Condensed Consolidating Statement of Operations

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	14,733		$	76,587		$	16,505		$	—		$	107,825
Concessions and other		17,550			44,933			8,717			(8,552	)		62,648
Total operating revenues		32,283			121,520			25,222			(8,552	)		170,473
Operating costs and expenses:
Film exhibition costs		8,178			43,571			9,392			—			61,141
Concession costs		1,133			5,627			970			—			7,730
Other theatre operating costs		9,558			51,320			9,442			(8,552	)		61,768
General and administrative expenses		5,425			589			18			—			6,032
Depreciation and amortization		1,871			6,273			2,107			—			10,251
Gain on sale of property and equipment		—			(21	)		—			—			(21	)
Impairment of long-lived assets		23			184			—			—			207
Total operating costs and expenses		26,188			107,543			21,929			(8,552	)		147,108
Operating income		6,095			13,978			3,293			—			23,365
Interest expense		2,047			6,202			4,097			—			12,346
Equity in earnings of subsidiaries		(4,392	)		(1	)		—			4,393			—
Income (loss) before income tax and income from unconsolidated affiliates		8,440			7,777			(804	)		(4,393	)		11,019
Income tax expense (benefit)		2,016			3,052			(313	)		—			4,755
Income from unconsolidated affiliates		253			99			—			—			352
Income (loss) from continuing operations		6,677			4,824			(491	)		(4,393	)		6,616
Income from discontinued operations		—			61			—			—			61
Net income (loss)	$	6,677		$	4,885		$	(491	)	$	(4,393	)	$	6,677

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2012
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries		Eliminations			Consolidated
Revenues:
Admissions	$	14,195		$	72,239	$	—		$	86,434
Concessions and other		14,954			40,752		(6,607	)		49,099
Total operating revenues		29,149			112,991		(6,607	)		135,533
Operating costs and expenses:
Film exhibition costs		7,974			40,280		—			48,254
Concession costs		997			4,484		—			5,481
Other theatre operating costs		10,255			48,642		(6,607	)		52,290
General and administrative expenses		4,588			586		—			5,174
Severance agreement charges		493			—		—			493
Depreciation and amortization		1,715			6,022		—			7,737
Impairment of long-lived assets		4			46		—			50
Total operating costs and expenses		26,026			100,060		(6,607	)		119,479
Operating income		3,123			12,931		—			16,054
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		(289	)		6,683		(3,912	)		2,482
Income tax (benefit) expense		(2,034	)		2,946		—			912
(Loss) income from unconsolidated affiliates		(518	)		70		—			(448	)
Income from continuing operations		1,227			3,807		(3,912	)		1,122
(Loss) income from discontinued operations		(29	)		105		—			76
Net income	$	1,198		$	3,912	$	(3,912	)	$	1,198

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	25,977		$	135,299		$	28,072		$	—		$	189,348
Concessions and other		31,527			79,742			14,973			(15,023	)		111,219
Total operating revenues		57,504			215,041			43,045			(15,023	)		300,567
Operating costs and expenses:
Film exhibition costs		14,215			74,472			15,718			—			104,405
Concession costs		2,034			9,905			1,760			—			13,699
Other theatre operating costs		19,406			97,401			17,944			(15,023	)		119,728
General and administrative expenses		10,854			1,159			34			—			12,047
Lease termination charges		—			3,063			—			—			3,063
Depreciation and amortization		3,750			12,533			4,200			—			20,483
Loss on sale of property and equipment		4			55			—			—			59
Impairment of long-lived assets		23			388			—			—			411
Total operating costs and expenses		50,286			198,976			39,656			(15,023	)		273,895
Operating income		7,218			16,065			3,389			—			26,672
Interest expense		4,072			12,360			8,213			—			24,645
Equity in loss (earnings) of subsidiaries		409			(4	)		—			(405	)		—
Income (loss) before income tax and (loss) income from unconsolidated affiliates		2,737			3,709			(4,824	)		405			2,027
Income tax expense (benefit)		1,009			1,398			(1,948	)		—			459
(Loss) income from unconsolidated affiliates		(835	)		172			—			—			(663	)
Income (loss) from continuing operations		893			2,483			(2,876	)		405			905
Income (loss) from discontinued operations		1			(12	)		—			—			(11	)
Net income (loss)	$	894		$	2,471		$	(2,876	)	$	405		$	894

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2012
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries		Eliminations			Consolidated
Revenues:
Admissions	$	27,916		$	141,209	$	—		$	169,125
Concessions and other		29,752			79,543		(12,920	)		96,375
Total operating revenues		57,668			220,752		(12,920	)		265,500
Operating costs and expenses:
Film exhibition costs		15,179			76,318		—			91,497
Concession costs		2,008			9,040		—			11,048
Other theatre operating costs		21,363			95,978		(12,920	)		104,421
General and administrative expenses		9,016			1,158		—			10,174
Severance agreement charges		493			—		—			493
Depreciation and amortization		3,422			12,082		—			15,504
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		51,514			196,327		(12,920	)		234,921
Operating income		6,154			24,425		—			30,579
Interest expense		4,882			11,992		—			16,874
Loss on extinguishment of debt		4,961			—		—			4,961
Equity in earnings of subsidiaries		(7,284	)		—		7,284			—
Income before income tax and (loss) income from unconsolidated affiliates		3,595			12,433		(7,284	)		8,744
Income tax (benefit) expense		(2,129	)		5,449		—			3,320
(Loss) income from unconsolidated affiliates		(1,172	)		180		—			(992	)
Income from continuing operations		4,552			7,164		(7,284	)		4,432
(Loss) income from discontinued operations		(123	)		120		—			(3	)
Net income	$	4,429		$	7,284	$	(7,284	)	$	4,429

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

				For the Six Months Ended June 30, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities	$	16,853		$	12,972		$	2,064		$	—	$	31,889
Cash flows from investing activities:
Purchases of property and equipment		(3,444	)		(9,189	)		(1,058	)		—		(13,691	)
Theatre acquisition		—			—			(1,349	)		—		(1,349	)
Proceeds from sale of property and equipment		5			224			—			—		229
Other investing activities		280			—			—			—		280
Net cash used in investing activities		(3,159	)		(8,965	)		(2,407	)				(14,531	)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations		(210	)		(893	)		(876	)		—		(1,979	)
Purchase of treasury stock		(174	)		—			—			—		(174	)
Intercompany receivable/payable		5,576			(4,872	)		(704	)		—		—
Net cash provided by (used in) financing activities		5,192			(5,765	)		(1,580	)		—		(2,153	)
Increase in cash and cash equivalents		18,886			(1,758	)		(1,923	)		—		15,205
Cash and cash equivalents at beginning of period		49,093			14,870			4,568			—		68,531
Cash and cash equivalents at end of period	$	67,979		$	13,112		$	2,645		$	—	$	83,736

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Six Months Ended June 30, 2012
	Carmike			Guarantor
	Cinemas, Inc.			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 acquisition		—			(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

Senior Secured Notes [Member]

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	As of June 30, 2013
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	67,979		$	15,757		$	—		$	83,736
Restricted cash		13			—			—			13
Accounts receivable		8,111			3,480			(3,063	)		8,528
Inventories		684			2,896			—			3,580
Deferred income tax asset		3,258			1,213			—			4,471
Prepaid expenses and other current assets		7,641			7,409			(3,674	)		11,376
Total current assets		87,686			30,755			(6,737	)		111,704
Property and equipment:
Land		12,080			39,761			—			51,841
Buildings and building improvements		45,584			289,406			—			334,990
Leasehold improvements		19,249			126,133			—			145,382
Assets under capital leases		8,675			36,295			—			44,970
Equipment		65,378			174,324			—			239,702
Construction in progress		1,991			4,852			—			6,843
Total property and equipment		152,957			670,771			—			823,728
Accumulated depreciation and amortization		(80,998	)		(306,654	)		—			(387,652	)
Property and equipment, net of accumulated depreciation		71,959			364,117			—			436,076
Intercompany receivables		87,137			—			(87,137	)		—
Investments in subsidiaries		157,288			—			(157,288	)		—
Goodwill		—			44,577			—			44,577
Intangible assets, net of accumulated amortization		—			1,009			—			1,009
Investments in unconsolidated affiliates		5,111			925			—			6,036
Deferred income tax asset		57,784			43,128			—			100,912
Other assets		13,376			6,251			—			19,627
Total assets	$	480,341		$	490,762		$	(251,162	)	$	719,941
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	32,701		$	7,495		$	(3,063	)	$	37,133
Accrued expenses		20,698			23,933			(3,674	)		40,957
Current maturities of capital leases and long-term financing obligations		491			4,259			—			4,750
Total current liabilities		53,890			35,687			(6,737	)		82,840
Long-term liabilities:
Long-term debt		209,583			—			—			209,583
Capital leases and long-term financing obligations, less current maturities		27,670			190,985			—			218,655
Intercompany liabilities		—			87,137			(87,137	)		—
Deferred revenue		32,405			—			—			32,405
Other		5,321			19,665			—			24,986
Total long-term liabilities		274,979			297,787			(87,137	)		485,629
Stockholders’ equity:
Preferred stock		—			—			—			—
Common stock		542			1			(1	)		542
Treasury stock		(11,914	)		—			—			(11,914	)
Paid-in capital		350,982			260,013			(260,013	)		350,982
Accumulated deficit		(188,138	)		(102,726	)		102,726			(188,138	)
Total stockholders’ equity		151,472			157,288			(157,288	)		151,472
Total liabilities and stockholders’ equity	$	480,341		$	490,762		$	(251,162	)	$	719,941

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2012
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	49,093		$	19,438		$	—		$	68,531
Restricted cash		293			—			—			293
Accounts receivable		5,058			6,124			(4,627	)		6,555
Inventories		926			3,260			—			4,186
Deferred income tax asset		3,203			—			(307	)		2,896
Prepaid expenses and other assets		3,426			7,510			—			10,936
Total current assets		61,999			36,332			(4,934	)		93,397
Property and equipment:
Land		12,080			39,796			—			51,876
Buildings and building improvements		45,571			290,167			—			335,738
Leasehold improvements		19,200			122,558			—			141,758
Assets under capital leases		8,675			36,295			—			44,970
Equipment		64,167			171,056			—			235,223
Construction in progress		1,352			3,833			—			5,185
Total property and equipment		151,045			663,705			—			814,750
Accumulated depreciation and amortization		(77,302	)		(292,521	)		—			(369,823	)
Property and equipment, net of accumulated depreciation		73,743			371,184			—			444,927
Intercompany receivables		92,801			—			(92,801	)		—
Investments in subsidiaries		157,522			126			(157,648	)		—
Goodwill		—			44,577			—			44,577
Intangible assets, net of accumulated amortization		—			1,061			—			1,061
Investments in unconsolidated affiliates		6,740			942			—			7,682
Deferred income tax asset		57,247			42,765			—			100,012
Other assets		14,299			6,773			—			21,072
Total assets	$	464,351		$	503,760		$	(255,383	)	$	712,728
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	24,071		$	12,697		$	(4,627	)	$	32,141
Accrued expenses		14,601			25,755			(307	)		40,049
Current maturities of capital leases and long-term financing obligations		442			3,980			—			4,422
Total current liabilities		39,114			42,432			(4,934	)		76,612
Long-term liabilities:
Long-term debt		209,548			—			—			209,548
Capital leases and long-term financing obligations, less current maturities		27,876			192,849			—			220,725
Intercompany liabilities		—			92,801			(92,801	)		—
Deferred revenue		32,984			—			—			32,984
Other		5,395			18,030			—			23,425
Total long-term liabilities		275,803			303,680			(92,801	)		486,682
Stockholders’ equity:
Preferred stock		—			—			—			—
Common stock		540			1			(1	)		540
Treasury stock		(11,740	)		—			—			(11,740	)
Paid-in capital		349,666			259,837			(259,837	)		349,666
Accumulated deficit		(189,032	)		(102,190	)		102,190			(189,032	)
Total stockholders’ equity		149,434			157,648			(157,648	)		149,434
Total liabilities and stockholders’ equity	$	464,351		$	503,760		$	(255,383	)	$	712,728

Condensed Consolidating Statement of Operations

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2013
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	14,733		$	93,092		$	—		$	107,825
Concessions and other		17,550			53,650			(8,552	)		62,648
Total operating revenues		32,283			146,742			(8,552	)		170,473
Operating costs and expenses:
Film exhibition costs		8,178			52,963			—			61,141
Concession costs		1,133			6,597			—			7,730
Other theatre operating costs		9,558			60,762			(8,552	)		61,768
General and administrative expenses		5,425			607			—			6,032
Depreciation and amortization		1,871			8,380			—			10,251
Gain on sale of property and equipment		—			(21	)		—			(21	)
Impairment of long-lived assets		23			184			—			207
Total operating costs and expenses		26,188			129,472			(8,552	)		147,108
Operating income		6,095			17,270			—			23,365
Interest expense		2,047			10,299			—			12,346
Equity in earnings of subsidiaries		(4,392	)		—			4,392			—
Income before income tax and income from unconsolidated affiliates		8,440			6,971			(4,392	)		11,019
Income tax expense		2,016			2,739			—			4,755
Income from unconsolidated affiliates		253			99			—			352
Income from continuing operations		6,677			4,331			(4,392	)		6,616
Income from discontinued operations		—			61			—			61
Net income	$	6,677		$	4,392		$	(4,392	)	$	6,677

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2013
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	25,977		$	163,371		$	—		$	189,348
Concessions and other		31,527			94,715			(15,023	)		111,219
Total operating revenues		57,504			258,086			(15,023	)		300,567
Operating costs and expenses:
Film exhibition costs		14,215			90,190			—			104,405
Concession costs		2,034			11,665			—			13,699
Other theatre operating costs		19,406			115,345			(15,023	)		119,728
General and administrative expenses		10,854			1,193			—			12,047
Lease termination charges		—			3,063			—			3,063
Depreciation and amortization		3,750			16,733			—			20,483
Loss on sale of property and equipment		4			55			—			59
Impairment of long-lived assets		23			388			—			411
Total operating costs and expenses		50,286			238,632			(15,023	)		273,895
Operating income		7,218			19,454			—			26,672
Interest expense		4,072			20,573			—			24,645
Equity in loss of subsidiaries		409			—			(409	)		—
Income (loss) before income tax and (loss) income from unconsolidated affiliates		2,737			(1,119	)		409			2,027
Income tax expense (benefit)		1,009			(550	)		—			459
(Loss) income from unconsolidated affiliates		(835	)		172			—			(663	)
Income (loss) from continuing operations		893		$	(397	)	$	409		$	905
Income (loss) from discontinued operations		1			(12	)		—			(11	)
Net income (loss)	$	894		$	(409	)	$	409		$	894

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Six Months Ended June 30, 2013
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities	$	16,853		$	15,036		$	—	$	31,889
Cash flows from investing activities:
Purchases of property and equipment		(3,444	)		(10,247	)		—		(13,691	)
Theatre acquistion		—			(1,349	)		—		(1,349	)
Proceeds from sale of property and equipment		5			224			—		229
Other investing activities		280			—			—		280
Net cash used in investing activities		(3,159	)		(11,372	)				(14,531	)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations		(210	)		(1,769	)		—		(1,979	)
Purchase of treasury stock		(174	)		—			—		(174	)
Intercompany receivable/payable		5,576			(5,576	)		—		—
Net cash provided by (used in) financing activities		5,192			(7,345	)		—		(2,153	)
Increase in cash and cash equivalents		18,886			(3,681	)		—		15,205
Cash and cash equivalents at beginning of period		49,093			19,438			—		68,531
Cash and cash equivalents at end of period	$	67,979		$	15,757		$	—	$	83,736

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Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 83,736	$ 68,531	$ 85,779	$ 13,616
Restricted cash	13	293
Accounts receivable	8,528	6,555
Inventories	3,580	4,186
Deferred income tax asset	4,471	2,896
Prepaid expenses and other current assets	11,376	10,936
Total current assets	111,704	93,397
Property and equipment:
Land	51,841	51,876
Buildings and building improvements	334,990	335,738
Leasehold improvements	145,382	141,758
Assets under capital leases	44,970	44,970
Equipment	239,702	235,223
Construction in progress	6,843	5,185
Total property and equipment	823,728	814,750
Accumulated depreciation and amortization	(387,652)	(369,823)
Property and equipment, net of accumulated depreciation	436,076	444,927
Goodwill	44,577	44,577
Intangible assets, net of accumulated amortization	1,009	1,061
Investments in unconsolidated affiliates	6,036	7,682
Deferred income tax asset	100,912	100,012
Other assets	19,627	21,072
Total assets	719,941	712,728
Current liabilities:
Accounts payable	37,133	32,141
Accrued expenses	40,957	40,049
Current maturities of capital leases and long-term financing obligations	4,750	4,422
Total current liabilities	82,840	76,612
Long-term liabilities:
Long-term debt	209,583	209,548
Capital leases and long-term financing obligations, less current maturities	218,655	220,725
Deferred revenue	32,405	32,984
Other	24,986	23,425
Total long-term liabilities	485,629	486,682
Stockholders' equity:
Preferred stock
Common stock	542	540
Treasury stock	(11,914)	(11,740)
Paid-in capital	350,982	349,666
Accumulated deficit	(188,138)	(189,032)
Total stockholders' equity	151,472	149,434
Total liabilities and stockholders' equity	719,941	712,728
Carmike Cinemas, Inc. [Member]
Current assets:
Cash and cash equivalents	67,979	49,093	72,966	3,623
Restricted cash	13	293
Accounts receivable	8,111	5,058
Inventories	684	926
Deferred income tax asset	3,258	3,203
Prepaid expenses and other current assets	7,641	3,426
Total current assets	87,686	61,999
Property and equipment:
Land	12,080	12,080
Buildings and building improvements	45,584	45,571
Leasehold improvements	19,249	19,200
Assets under capital leases	8,675	8,675
Equipment	65,378	64,167
Construction in progress	1,991	1,352
Total property and equipment	152,957	151,045
Accumulated depreciation and amortization	(80,998)	(77,302)
Property and equipment, net of accumulated depreciation	71,959	73,743
Intercompany receivables	87,137	92,801
Investments in subsidiaries	157,288	157,522
Investments in unconsolidated affiliates	5,111	6,740
Deferred income tax asset	57,784	57,247
Other assets	13,376	14,299
Total assets	480,341	464,351
Current liabilities:
Accounts payable	32,701	24,071
Accrued expenses	20,698	14,601
Current maturities of capital leases and long-term financing obligations	491	442
Total current liabilities	53,890	39,114
Long-term liabilities:
Long-term debt	209,583	209,548
Capital leases and long-term financing obligations, less current maturities	27,670	27,876
Deferred revenue	32,405	32,984
Other	5,321	5,395
Total long-term liabilities	274,979	275,803
Stockholders' equity:
Preferred stock
Common stock	542	540
Treasury stock	(11,914)	(11,740)
Paid-in capital	350,982	349,666
Accumulated deficit	(188,138)	(189,032)
Total stockholders' equity	151,472	149,434
Total liabilities and stockholders' equity	480,341	464,351
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	13,112	14,870	12,813	9,993
Accounts receivable	359	874
Inventories	2,424	2,823
Deferred income tax asset	435
Prepaid expenses and other current assets	4,999	5,173
Total current assets	21,329	23,740
Property and equipment:
Land	39,761	39,796
Buildings and building improvements	222,329	223,090
Leasehold improvements	109,828	107,111
Assets under capital leases	36,295	36,295
Equipment	161,399	158,333
Construction in progress	4,852	3,833
Total property and equipment	574,464	568,458
Accumulated depreciation and amortization	(301,065)	(291,132)
Property and equipment, net of accumulated depreciation	273,399	277,326
Investments in subsidiaries	131	126
Goodwill	8,087	8,087
Intangible assets, net of accumulated amortization	1,009	1,061
Investments in unconsolidated affiliates	925	942
Deferred income tax asset	42,929	42,765
Other assets	5,854	6,026
Total assets	353,663	360,073
Current liabilities:
Accounts payable	6,414	9,704
Accrued expenses	18,509	17,250
Current maturities of capital leases and long-term financing obligations	2,255	2,169
Total current liabilities	27,178	29,123
Long-term liabilities:
Capital leases and long-term financing obligations, less current maturities	83,758	84,557
Intercompany liabilities	91,780	99,803
Other	13,374	11,487
Total long-term liabilities	188,912	195,847
Stockholders' equity:
Preferred stock
Common stock	1	1
Paid-in capital	237,800	237,800
Accumulated deficit	(100,228)	(102,698)
Total stockholders' equity	137,573	135,103
Total liabilities and stockholders' equity	353,663	360,073
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	2,645	4,568
Accounts receivable	3,121	5,250
Inventories	472	437
Deferred income tax asset	778
Prepaid expenses and other current assets	3,457	2,337
Total current assets	10,473	12,592
Property and equipment:
Buildings and building improvements	67,077	67,077
Leasehold improvements	16,305	15,447
Equipment	12,925	12,723
Total property and equipment	96,307	95,247
Accumulated depreciation and amortization	(5,589)	(1,389)
Property and equipment, net of accumulated depreciation	90,718	93,858
Intercompany receivables	4,643	7,002
Goodwill	36,490	36,490
Deferred income tax asset	199
Other assets	397	747
Total assets	142,920	150,689
Current liabilities:
Accounts payable	1,081	2,993
Accrued expenses	6,471	8,505
Current maturities of capital leases and long-term financing obligations	2,004	1,811
Total current liabilities	9,556	13,309
Long-term liabilities:
Capital leases and long-term financing obligations, less current maturities	107,227	108,292
Other	6,291	6,543
Total long-term liabilities	113,518	114,835
Stockholders' equity:
Preferred stock
Paid-in capital	22,213	22,037
Accumulated deficit	(2,367)	508
Total stockholders' equity	19,846	22,545
Total liabilities and stockholders' equity	142,920	150,689
Eliminations [Member]
Current assets:
Cash and cash equivalents
Accounts receivable	(3,063)	(4,627)
Deferred income tax asset		(307)
Prepaid expenses and other current assets	(4,721)
Total current assets	(7,784)	(4,934)
Property and equipment:
Intercompany receivables	(91,780)	(99,803)
Investments in subsidiaries	(157,419)	(157,648)
Total assets	(256,983)	(262,385)
Current liabilities:
Accounts payable	(3,063)	(4,627)
Accrued expenses	(4,721)	(307)
Total current liabilities	(7,784)	(4,934)
Long-term liabilities:
Intercompany liabilities	(91,780)	(99,803)
Total long-term liabilities	(91,780)	(99,803)
Stockholders' equity:
Preferred stock
Common stock	(1)	(1)
Paid-in capital	(260,013)	(259,837)
Accumulated deficit	102,595	102,190
Total stockholders' equity	(157,419)	(157,648)
Total liabilities and stockholders' equity	(256,983)	(262,385)
Guarantor-Non Guarantor Financials
Current assets:
Cash and cash equivalents	83,736	68,531
Restricted cash	13	293
Accounts receivable	8,528	6,555
Inventories	3,580	4,186
Deferred income tax asset	4,471	2,896
Prepaid expenses and other current assets	11,376	10,936
Total current assets	111,704	93,397
Property and equipment:
Land	51,841	51,876
Buildings and building improvements	334,990	335,738
Leasehold improvements	145,382	141,758
Assets under capital leases	44,970	44,970
Equipment	239,702	235,223
Construction in progress	6,843	5,185
Total property and equipment	823,728	814,750
Accumulated depreciation and amortization	(387,652)	(369,823)
Property and equipment, net of accumulated depreciation	436,076	444,927
Goodwill	44,577	44,577
Intangible assets, net of accumulated amortization	1,009	1,061
Investments in unconsolidated affiliates	6,036	7,682
Deferred income tax asset	100,912	100,012
Other assets	19,627	21,072
Total assets	719,941	712,728
Current liabilities:
Accounts payable	37,133	32,141
Accrued expenses	40,957	40,049
Current maturities of capital leases and long-term financing obligations	4,750	4,422
Total current liabilities	82,840	76,612
Long-term liabilities:
Long-term debt	209,583	209,548
Capital leases and long-term financing obligations, less current maturities	218,655	220,725
Deferred revenue	32,405	32,984
Other	24,986	23,425
Total long-term liabilities	485,629	486,682
Stockholders' equity:
Preferred stock
Common stock	542	540
Treasury stock	(11,914)	(11,740)
Paid-in capital	350,982	349,666
Accumulated deficit	(188,138)	(189,032)
Total stockholders' equity	151,472	149,434
Total liabilities and stockholders' equity	719,941	712,728
Guarantor-Non Guarantor Financials | Carmike Cinemas, Inc. [Member]
Current assets:
Cash and cash equivalents	67,979	49,093
Restricted cash	13	293
Accounts receivable	8,111	5,058
Inventories	684	926
Deferred income tax asset	3,258	3,203
Prepaid expenses and other current assets	7,641	3,426
Total current assets	87,686	61,999
Property and equipment:
Land	12,080	12,080
Buildings and building improvements	45,584	45,571
Leasehold improvements	19,249	19,200
Assets under capital leases	8,675	8,675
Equipment	65,378	64,167
Construction in progress	1,991	1,352
Total property and equipment	152,957	151,045
Accumulated depreciation and amortization	(80,998)	(77,302)
Property and equipment, net of accumulated depreciation	71,959	73,743
Intercompany receivables	87,137	92,801
Investments in subsidiaries	157,288	157,522
Investments in unconsolidated affiliates	5,111	6,740
Deferred income tax asset	57,784	57,247
Other assets	13,376	14,299
Total assets	480,341	464,351
Current liabilities:
Accounts payable	32,701	24,071
Accrued expenses	20,698	14,601
Current maturities of capital leases and long-term financing obligations	491	442
Total current liabilities	53,890	39,114
Long-term liabilities:
Long-term debt	209,583	209,548
Capital leases and long-term financing obligations, less current maturities	27,670	27,876
Deferred revenue	32,405	32,984
Other	5,321	5,395
Total long-term liabilities	274,979	275,803
Stockholders' equity:
Preferred stock
Common stock	542	540
Treasury stock	(11,914)	(11,740)
Paid-in capital	350,982	349,666
Accumulated deficit	(188,138)	(189,032)
Total stockholders' equity	151,472	149,434
Total liabilities and stockholders' equity	480,341	464,351
Guarantor-Non Guarantor Financials | Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	15,757	19,438
Accounts receivable	3,480	6,124
Inventories	2,896	3,260
Deferred income tax asset	1,213
Prepaid expenses and other current assets	7,409	7,510
Total current assets	30,755	36,332
Property and equipment:
Land	39,761	39,796
Buildings and building improvements	289,406	290,167
Leasehold improvements	126,133	122,558
Assets under capital leases	36,295	36,295
Equipment	174,324	171,056
Construction in progress	4,852	3,833
Total property and equipment	670,771	663,705
Accumulated depreciation and amortization	(306,654)	(292,521)
Property and equipment, net of accumulated depreciation	364,117	371,184
Investments in subsidiaries		126
Goodwill	44,577	44,577
Intangible assets, net of accumulated amortization	1,009	1,061
Investments in unconsolidated affiliates	925	942
Deferred income tax asset	43,128	42,765
Other assets	6,251	6,773
Total assets	490,762	503,760
Current liabilities:
Accounts payable	7,495	12,697
Accrued expenses	23,933	25,755
Current maturities of capital leases and long-term financing obligations	4,259	3,980
Total current liabilities	35,687	42,432
Long-term liabilities:
Capital leases and long-term financing obligations, less current maturities	190,985	192,849
Intercompany liabilities	87,137	92,801
Other	19,665	18,030
Total long-term liabilities	297,787	303,680
Stockholders' equity:
Preferred stock
Common stock	1	1
Paid-in capital	260,013	259,837
Accumulated deficit	(102,726)	(102,190)
Total stockholders' equity	157,288	157,648
Total liabilities and stockholders' equity	490,762	503,760
Guarantor-Non Guarantor Financials | Eliminations [Member]
Current assets:
Accounts receivable	(3,063)	(4,627)
Deferred income tax asset		(307)
Prepaid expenses and other current assets	(3,674)
Total current assets	(6,737)	(4,934)
Property and equipment:
Intercompany receivables	(87,137)	(92,801)
Investments in subsidiaries	(157,288)	(157,648)
Total assets	(251,162)	(255,383)
Current liabilities:
Accounts payable	(3,063)	(4,627)
Accrued expenses	(3,674)	(307)
Total current liabilities	(6,737)	(4,934)
Long-term liabilities:
Intercompany liabilities	(87,137)	(92,801)
Total long-term liabilities	(87,137)	(92,801)
Stockholders' equity:
Preferred stock
Common stock	(1)	(1)
Paid-in capital	(260,013)	(259,837)
Accumulated deficit	102,726	102,190
Total stockholders' equity	(157,288)	(157,648)
Total liabilities and stockholders' equity	$ (251,162)	$ (255,383)

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Equity Based Compensation - Summary of Activity for Restricted Stock Grants (Detail) (USD $)	6 Months Ended
	Jun. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Shares, Nonvested, Beginning balance	458,981
Shares, Granted	213,954
Shares, Vested	(97,928)
Shares, Forfeited
Shares, Nonvested, Ending balance	575,007
Weighted Average Grant Date Fair Value, Nonvested, Beginning balance	$ 10.85
Weighted Average Grant Date Fair Value, Granted	$ 15.78
Weighted Average Grant Date Fair Value, Vested	$ 11.78
Weighted Average Grant Date Fair Value, Forfeited
Weighted Average Grant Date Fair Value, Nonvested, Ending balance	$ 12.53

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Investments in Unconsolidated Affiliates - Combined Financial Information of Unconsolidated Affiliated Companies (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Assets:
Current assets	$ 41,212		$ 41,212
Noncurrent assets	151,903		151,903
Total assets	193,115		193,115
Liabilities:
Current liabilities	45,955		45,955
Noncurrent liabilities	71,914		71,914
Total liabilities	117,869		117,869
Results of operations:
Revenue	40,946	31,403	58,734	54,187
Net income loss	$ (1,145)	$ (5,328)	$ (10,498)	$ (13,697)

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Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Effective tax rate from continuing operations	41.80%	44.80%	33.70%	42.80%
Net unrealized built in loss, recognition period			5 years
Annual limitation net operating loss			$ 1,700,000
Net deferred tax assets	105,383,000		105,383,000		102,908,000
Unrecognized tax benefits	$ 2,678,000		$ 2,678,000		$ 2,678,000

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Lease Termination Charges - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Leases [Abstract]
Lease termination charges	$ 3,063
Remaining Lease term period of expiration lease	6 years
Lease future minimum payments, present value of net minimum payments	2,413
Lease termination liability	2,355
Lease termination charges of new build to suit theatre	$ 650

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Investments in Unconsolidated Affiliates (Tables)

6 Months Ended

Jun. 30, 2013

Equity Method Investments And Joint Ventures [Abstract]

Combined Financial Information of Unconsolidated Affiliated Companies

Combined financial information of the unconsolidated affiliated companies accounted for by the equity method is as follows:

	As of June 30,
	2013
Assets:
Current assets	$	41,212
Noncurrent assets		151,903
Total assets	$	193,115
Liabilities:
Current liabilities	$	45,955
Noncurrent liabilities		71,914
Total liabilities	$	117,869

	Three Months Ended
	June 30, 2013			June 30, 2012
Results of operations:
Revenue	$	40,946		$	31,403
Net income	$	(1,145	)	$	(5,328	)
	Six Months Ended
	June 30, 2013			June 30, 2012
Results of operations:
Revenue	$	58,734		$	54,187
Net loss	$	(10,498	)	$	(13,697	)

Summary of Activity in Income from Unconsolidated Affiliates

A summary of activity in income from unconsolidated affiliates for the six months ended June 30, 2013 and 2012 is as follows:

	June 30,
Income from unconsolidated affiliates	2013			2012
Loss from unconsolidated affiliates	$	(1,457	)	$	(1,788	)
Elimination of intercompany revenue		794			796
Loss from unconsolidated affiliates	$	(663	)	$	(992	)

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Basis of Presentation and Significant Accounting Policies

6 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Basis of Presentation and Significant Accounting Policies

NOTE 1—BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Carmike Cinemas, Inc. (referred to as “we”, “us”, “our”, and the “Company”) has prepared the accompanying unaudited condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (the “SEC”). This information reflects all adjustments which in the opinion of management are necessary for a fair presentation of the balance sheet as of June 30, 2013 and December 31, 2012, the results of operations for the three and six month periods ended June 30, 2013 and 2012 and cash flows for the six months ended June 30, 2013 and 2012. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. The Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012. That report includes a summary of our critical accounting policies. There have been no material changes in our accounting policies during the first six months of 2013.

The consolidated financial statements include the accounts of the Company’s wholly owned subsidiaries. All intercompany transactions and balances have been eliminated.

Accounting Estimates

In the preparation of financial statements in conformity with GAAP, management must make certain estimates, judgments and assumptions. These estimates, judgments and assumptions are made when accounting for items and matters such as, but not limited to, depreciation, amortization, asset valuations, impairment assessments, lease classification, employee benefits, income taxes, reserves and other provisions and contingencies. These estimates are based on the information available when recorded. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Changes in estimates are recognized in the period they are determined.

Discontinued Operations

The results of operations for theatres that have been disposed of or classified as held for sale are eliminated from the Company’s continuing operations and classified as discontinued operations for each period presented within the Company’s condensed consolidated statements of operations. Theatres are reported as discontinued operations when the Company no longer has continuing involvement in the theatre operations and the cash flows have been eliminated, which generally occurs when the Company no longer has operations in a given market. See Note 6 – Discontinued Operations.

Impairment of Long-Lived Assets

Long-lived assets are tested for recoverability whenever events or circumstances indicate that the assets’ carrying values may not be recoverable. The Company performs its impairment analysis at the individual theatre-level, the lowest level of independent, identifiable cash flow. Management reviews all available evidence when assessing long-lived assets for impairment, including negative trends in theatre-level cash flow, the impact of competition, the age of the theatre, and alternative uses of the assets. The Company’s evaluation of negative trends in theatre-level cash flow considers the seasonality of the business, with significant revenues and cash flow generated in the summer and year-end holiday season. Absent any unusual circumstances, management evaluates new theatres for potential impairment only after a theatre has been open and operational for a sufficient period of time to allow its operations to mature.

For those assets that are identified as potentially being impaired, if the undiscounted future cash flows from such assets are less than the carrying value, the Company recognizes a loss equal to the difference between the carrying value and the asset’s fair value. The fair value of the assets is primarily estimated using the discounted future cash flow of the assets with consideration of other valuation techniques and using assumptions consistent with those used by market participants. Significant judgment is involved in estimating cash flows and fair value; significant assumptions include attendance levels, admissions and concessions pricing, and the weighted-average cost of capital. Management’s estimates are based on historical and projected operating performance.

Fair Value Measurements

The carrying values of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair value due to the short-term maturities of these assets and liabilities.

The fair value of the Senior Secured Notes and Credit Facility described in Note 3 – Debt is estimated based on quoted market prices at the date of measurement.

Comprehensive Income

The Company has no other comprehensive income items.

Recent Accounting Pronouncements

There have been no new accounting pronouncements issued or effective through the six months ended June 30, 2013 that had or are expected to have a significant impact on the Company’s condensed consolidated financial statements.

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Debt

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Debt

NOTE 3—DEBT

The Company’s debt consisted of the following on the dates indicated:

	June 30,			December 31,
	2013			2012
Senior secured notes	$	210,000		$	210,000
Revolving credit facility		—			—
Original issue discount		(417	)		(452	)
Total debt		209,583			209,548
Current maturities		—			—
Total long-term debt	$	209,583		$	209,548

Senior Secured Notes

In April 2012, the Company issued $210,000 aggregate principal amount of 7.375% Senior Secured Notes due May 15, 2019 (the “Senior Secured Notes”). The proceeds were used to repay the Company’s $265,000 senior secured term loan that was due in January 2016 with a then outstanding balance of $198,700. Interest is payable on the Senior Secured Notes on May 15 and November 15 of each year.

The Senior Secured Notes are fully and unconditionally guaranteed by each of the Company’s existing subsidiaries and will be guaranteed by any future domestic wholly-owned restricted subsidiaries of the Company. Debt issuance costs and other transaction fees of $8,600 are included in other non-current assets and amortized over the life of the debt as interest expense. The Senior Secured Notes are secured, subject to certain permitted liens, on a second priority basis by substantially all of the Company’s and the guarantors’ current and future property and assets (including the capital stock of the Company’s current subsidiaries), other than certain excluded assets.

At any time prior to May 15, 2015, the Company may redeem up to 35% of the aggregate principal amount of the Senior Secured Notes with the proceeds of certain equity offerings at a redemption price equal to 107.375% of the principal amount of the Senior Secured Notes, plus accrued and unpaid interest to, but excluding the redemption date; provided, however, that at least 65% of the aggregate principal amount of the Senior Secured Notes are outstanding immediately following the redemption. In addition, at any time prior to May 15, 2015, the Company may redeem all or a portion of the Senior Secured Notes by paying a “make-whole” premium calculated as described in the indenture governing the Senior Secured Notes (the “Indenture”). The Company has not separated the make-whole premium from the underlying debt instrument to account for it as a derivative instrument as the economic characteristics and risks of this embedded derivative are clearly and closely related to the economic characteristics of the underlying debt.

At any time on or after May 15, 2015, the Company may redeem all or a portion of the Senior Secured Notes at redemption prices calculated based on a percentage of the principal amount of the Senior Secured Notes being redeemed, plus accrued and unpaid interest, if any, to the redemption date, depending on the date on which the Senior Secured Notes are redeemed. These percentages range from between 100.00% and 105.53%.

Following a change of control, as defined in the Indenture, the Company will be required to make an offer to repurchase all or any portion of the Senior Secured Notes at a purchase price of 101% of the principal amount, plus accrued and unpaid interest to, but excluding, the date of repurchase.

Revolving Credit Facility

In April 2012, the Company also entered into a new $25,000 revolving credit facility (the “Credit Facility”) with an interest rate of LIBOR (subject to a 1.00% floor) plus a margin of 4.50%, or Base Rate (subject to a 2.00% floor) plus a margin of 3.50%, as the Company may elect. In addition, the Company is required to pay commitment fees on the unused portion of the Credit Facility at the rate of 0.50% per annum. The termination date of the Credit facility is April 27, 2016. The $25,000 revolving credit facility replaced the prior $30,000 revolving credit facility that was scheduled to mature in January 2013.

The Credit Facility includes a sub-facility for the issuance of letters of credit totaling up to $10,000. The Company’s obligations under the Credit Facility are guaranteed by each of the Company’s existing and future direct and indirect wholly-owned domestic subsidiaries, and the obligations of the Company and such guarantors in respect of the Credit Facility are secured by first priority liens on substantially all of the Company’s and such subsidiaries’ current and future property and assets, other than certain excluded assets pursuant to the first lien guarantee and collateral agreement by and among the Company, such guarantors and Wells Fargo Bank, National Association, as collateral trustee. In addition, the Credit Facility contains provisions to accommodate the incurrence of up to $150,000 in future incremental borrowings. While the Credit Facility does not contain any commitment by the lenders to provide this incremental indebtedness, the Credit Facility describes how such debt (if provided by the Company’s existing or new lenders) would be subject to various financial and other covenant compliance requirements and conditions at the time the additional debt is incurred. There was no outstanding balance on the revolving credit facility at June 30, 2013.

The fair value of the Senior Secured Notes at June 30, 2013 and December 31, 2012 is estimated based on quoted market prices as follows:

	As of June 30,		As of December 31,
	2013		2012
Carrying amount, net	$	210,000	$	210,000
Fair value	$	224,175	$	226,800

Debt Covenants

The Indenture and the Credit Facility include covenants which, among other things, limit the Company’s and its subsidiaries’ ability, to:

• incur additional indebtedness or guarantee obligations;

• issue certain preferred stock or redeemable stock;

• pay dividends beyond certain calculated thresholds, repurchase or make distributions in respect of the Company’s capital stock or make other restricted payments;

• make certain investments;

• sell, transfer or otherwise convey certain assets;

• create or incur liens or other encumbrances;

• prepay, redeem or repurchase subordinated debt prior to stated maturities;

• designate the Company’s subsidiaries as unrestricted subsidiaries;

• consolidate, merge, sell or otherwise dispose of all or substantially all of the Company’s assets;

• enter into a new or different line of business; and

• enter into certain transactions with the Company’s affiliates.

The restrictive covenants are subject to a number of important exceptions and qualifications set forth in the Indenture and the Credit Facility.

The Indenture provides for customary events of default. If any event of default occurs and is continuing, subject to certain exceptions, the trustee or the holders of at least 25% in aggregate principal amount of the then outstanding Senior Secured Notes may declare all the Senior Secured Notes to be due and payable immediately, together with any accrued and unpaid interest, if any, to the acceleration date. In the case of an event of default resulting from certain events of bankruptcy, insolvency or reorganization, such amounts with respect to the Senior Secured Notes will be due and payable immediately without any declaration or other act on the part of the trustee or the holders of the Senior Secured Notes.

The Credit Facility contains further limitations on the Company’s ability to incur additional indebtedness and liens. In addition, to the extent the Company incurs certain specified levels of additional indebtedness, further limitations under the Credit Facility will become applicable under covenants related to sales of assets, sale-leaseback transactions, investment transactions, and the payment of dividends and other restricted payments. If the Company draws on the Credit Facility, the Company will be required to maintain a first lien leverage ratio as defined (the “Leverage Ratio”) not more than 2.75 to 1.00. The Credit Facility also contains certain representations and warranties, other affirmative and negative covenants, and events of default customary for secured revolving credit facilities of this type.

The Company’s failure to comply with any of these covenants, including compliance with the Leverage Ratio, will be an event of default under the Credit Facility, in which case the administrative agent may, with the consent or at the request of lenders holding a majority of the commitments and outstanding loans, terminate the Credit Facility and declare all or any portion of the obligations under the Credit Facility due and payable. Other events of default under the Credit Facility include:

• the Company’s failure to pay principal on the loans when due and payable, or its failure to pay interest on the loans or to pay certain fees and expenses (subject to applicable grace periods);

• the occurrence of a change of control (as defined in the Credit Facility);

• a breach or default by the Company or its subsidiaries on the payment of principal of any other indebtedness in an aggregate amount greater than $10,000;

• breach of representations or warranties in any material respect;

• failure to perform other obligations under the Credit Facility and the security documents for the Credit Facility (subject to applicable cure periods); or

• certain bankruptcy or insolvency events.

In the event of a bankruptcy or insolvency event of default, the Credit Facility will automatically terminate, and all obligations thereunder will immediately become due and payable.

As of June 30, 2013, the Company was in compliance with all of the financial covenants in its Indenture and Credit Facility.

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Discontinued Operations

6 Months Ended

Jun. 30, 2013

Discontinued Operations And Disposal Groups [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. The Company did not close any theatres during the three months ended June 30, 2013. During the three months ended June 30 2012, the Company closed three theatres and for the six months ended June 30, 2013 and 2012, the Company closed seven theatres in each period. With respect to the closures during the three months ended June 30, 2012, the Company classified one theatre as discontinued operations, and for the six months ended June 30, 2013 and 2012, the Company classified one theatre and four theatres, respectively, 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 continuing operations, and the Company will not have any continuing involvement in their operations.

All activity during the three and six months ended June 30, 2013 included in the accompanying consolidated statements of operations has been reclassified to separately reflect the results of operations from theatres closed in 2013 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 and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,
	2013			2012
Revenue from discontinued operations	$	—		$	800
Operating loss before income taxes	$	(16	)	$	(44	)
Income tax benefit from discontinued operations		6			16
Gain on disposal, before income taxes		119			166
Income tax expense on disposal		(48	)		(62	)
Income from discontinued operations	$	61		$	76
	Six months ended June 30,
	2013			2012
Revenue from discontinued operations	$	23		$	1,741
Operating loss before income taxes	$	(126	)	$	(129	)
Income tax benefit from discontinued operations		52			48
Gain on disposal, before income taxes		107			124
Income tax expense on disposal		(44	)		(46	)
Loss from discontinued operations	$	(11	)	$	(3	)

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 4—INCOME TAXES

The Company’s effective income tax rate is based on expected income, statutory tax rates and tax planning opportunities available in the various jurisdictions in which it operates. For interim financial reporting, the Company estimates the annual income tax rate based on projected taxable income for the full year and records a quarterly income tax provision or benefit in accordance with the anticipated annual rate. The Company refines the estimates of the year’s taxable income as new information becomes available, including actual year-to-date financial results. Included in the Company’s estimates are the effects of the American Taxpayer Relief Act of 2012 (“ATRA 2012”) which did not have a significant impact on the Company’s income tax provision. However, our effective tax rate for the six months ended June 2013 was decreased by the tax benefit of certain employment credits reinstated by ATRA 2012 that were recognized during the period, as measured against our year-to-date income.” This continual estimation process often results in a change to the expected effective income tax rate for the year. When this occurs, the Company adjusts the income tax provision during the quarter in which the change in estimate occurs so that the year-to-date provision reflects the expected annual income tax rate. Significant judgment is required in determining the effective tax rate and in evaluating the tax positions.

The effective tax rate from continuing operations for the three months ended June 30, 2013 and 2012 was 41.8% and 44.8%, respectively. The effective tax rate from continuing operations for the six months ended June 30, 2013 and 2012 was 33.7% and 42.8%, respectively. The Company’s tax rate for the three months ended June 30, 2013 differs from the statutory tax rate primarily due to state income taxes, permanent tax items and changes in uncertain tax positions. The Company’s tax rate for the six months ended June 30, 2013 differs from the statutory tax rate primarily due to federal employment credits partially offset by state income taxes, permanent tax items and changes in uncertain tax positions. The Company’s tax rates for the three and six months ended June 30, 2012 differ from the statutory tax rate primarily due to temporary differences between the financial reporting basis and tax basis of its assets and liabilities and the inability to recognize an associated deferred tax benefit, due to the Company’s assessment that the realization of its deferred tax assets was unlikely. The Company released its valuation allowance against its deferred tax assets at December 31, 2012. The Company believes that the effective tax rate for the three and six months ended June 30, 2013 and future periods will more closely reflect the statutory tax rate.

The Company experienced an “ownership change” within the meaning of Section 382(g) of the Internal Revenue Code of 1986, as amended (the “IRC”), during the fourth quarter of 2008. The ownership change has and will continue to subject the Company’s pre-ownership change net operating loss carryforwards to an annual limitation, which will significantly restrict its ability to use them to offset taxable income in periods following the ownership change. In general, the annual use limitation equals the aggregate value of the Company’s stock at the time of the ownership change multiplied by a specified tax-exempt interest rate.

The Company determined that at the date of the ownership change, it had a net unrealized built-in loss (“NUBIL”). The NUBIL is determined based on the difference between the fair market value of the Company’s assets and their tax basis at the ownership change. Because of the NUBIL, certain deductions recognized during the five-year period beginning on the date of the IRC Section 382 ownership change (the “recognition period”) are subjected to the same limitation as the net operating loss carryforwards. Because the annual limitation is applied first against the realized built-in losses (“RBILs”), the Company does not expect to utilize any of its net operating loss carryforwards during the five year recognition period. The amount of the disallowed RBILs could increase if the Company disposes of assets with built-in losses at the date of the ownership change during the recognition period. As a result of the 2008 ownership change, the Company is limited to an approximate $1.7 million annual limitation on its ability to utilize its pre-change net operating loss (“NOLs”) and recognized built-in losses. The recognition period ends at October 15, 2013.

An ownership change was also deemed to have occurred during the second quarter of 2012. The Company does not believe this change will further limit its ability to utilize its net operating loss carryforwards or certain other deductions.

At June 30, 2013 and December 31, 2012, the Company’s total deferred tax assets, net of both deferred tax liabilities and IRC Section 382 limitations, were $105,383 and $102,908, respectively. As of each reporting date, the Company assesses whether it is more likely than not that its deferred tax assets will be recovered from future taxable income, taking into account such factors as earnings history, taxable income in the carryback period, reversing temporary differences, projections of future taxable income, the finite lives of certain deferred tax assets, tax planning strategies and the impact of IRC Section 382 limitations. Both positive and negative evidence, as well as the objectivity and verifiability of that evidence, is considered in determining the appropriateness of recording a valuation allowance on deferred tax assets. When sufficient evidence exists that indicates that recovery is not more likely than not, a valuation allowance is established against the deferred tax assets, increasing the Company’s income tax expense in the period that such conclusion is made. After reviewing all positive and negative evidence at June 30, 2013 and December 31, 2012, the Company determined that it was more likely than not that its deferred tax asset balance would be recovered from future taxable income. The Company’s determination not to record a valuation allowance involves significant estimates and judgments. If future results are significantly different from these estimates and judgments, the Company may be required to record a valuation allowance against its deferred tax assets.

As of June 30, 2013 and December 31, 2012, the amount of unrecognized tax benefits was $2,678, all of which would affect the Company’s annual effective tax rate, if recognized. This unrecognized tax benefit is primarily associated with the Company’s non-forfeitable ownership interest in SV Holdco, LLC (see Note 9 – Screenvision Exhibition, Inc.). The Company has recognized a tax basis for these units that is lower than their carrying value for financial statement purposes. However, as this tax position may not be sustained upon examination, the Company has recorded a related liability for this uncertain tax position.

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Investments in Unconsolidated Affiliates - Summary of Activity in Income from Unconsolidated Affiliates (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Equity Method Investments And Joint Ventures [Abstract]
Loss from unconsolidated affiliates			$ (1,457)	$ (1,788)
Elimination of intercompany revenue			794	796
Loss from unconsolidated affiliates	$ 352	$ (448)	$ (663)	$ (992)

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Debt - Components of Debt (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Original issue discount	$ (417)	$ (452)
Total debt	209,583	209,548
Current maturities
Total long-term debt	209,583	209,548
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Debt amount	210,000	210,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt amount

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Equity Based Compensation - Additional Information (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants under 2004 Incentive Stock Plan	1,102,010		1,102,010
Compensation expense, recognition period			2 years 1 month 6 days
Performance-based awards outstanding	657,500		657,500		747,500
Outstanding performance based stock award shares earned	135,803		135,803
Stock-based compensation expense	$ 607	$ 638	$ 1,318	$ 1,101
Total unrecognized compensation cost	5,376		5,376
Stock option expiration period			10 years
Estimated forfeiture rate used for recording stock-based compensation expense			5.00%
Options granted			0	0
Vice President [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 115		$ 115
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Option, Vesting period			3 years
Performance-based awards outstanding	361,603		361,603
Minimum [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Option, Vesting period			1 year
Compensation expense, recognition period			1 year
Maximum [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Option, Vesting period			3 years
Compensation expense, recognition period			3 years

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Net Income Per Share - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Earnings Per Share [Abstract]
Common stock equivalents excluded from the calculation of diluted loss per share due to decline in market price of stock	28,123	243,160	32,967	390,833

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Guarantor Subsidiaries - Additional information (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended	1 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012 Senior Secured Notes [Member]	Jun. 30, 2013 7.375% Senior Secured Notes [Member]	Jun. 30, 2012 7.375% Senior Secured Notes [Member]	Apr. 30, 2012 7.375% Senior Secured Notes [Member]
Parent Company Only Financial Information [Line Items]
Acquisition of common stock	100.00%
Senior Secure Notes Issued		$ 210,000
Senior secured note interest rate				7.375%	7.375%
Senior secured notes maturity date	Apr. 27, 2016	May 15, 2019	May 15, 2019

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]
Preferred Stock, par value	$ 1.00	$ 1.00
Preferred Stock, shares authorized	1,000,000	1,000,000
Preferred Stock, shares issued	0	0
Common Stock, par value	$ 0.03	$ 0.03
Common Stock, shares authorized	35,000,000	35,000,000
Common Stock, shares issued	18,335,907	18,244,179
Common Stock, shares outstanding	17,867,823	17,786,949
Treasury stock, shares	468,084	457,230

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Screenvision Exhibition, Inc.

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Screenvision Exhibition, Inc.

NOTE 9—SCREENVISION EXHIBITION, INC.

On October 14, 2010, the Company finalized the modification of its long-term exhibition agreement (the “Modified Exhibition Agreement”) with Screenvision Exhibition, Inc. (“Screenvision”), the Company’s exclusive provider of on-screen advertising services. The Modified Exhibition Agreement extends the Company’s exhibition agreement with Screenvision, which was set to expire on July 1, 2012, for an additional 30 year term through July 1, 2042 (“Expiration Date”).

In connection with the Modified Exhibition Agreement, the Company received a cash payment of $30,000 from Screenvision in January 2011. In addition, on October 14, 2010, the Company received, for no additional consideration, Class C membership units representing, as of that date, approximately 20% of the issued and outstanding membership units of SV Holdco, LLC (“SV Holdco”). SV Holdco is a holding company that owns and operates the Screenvision business through a subsidiary entity. SV Holdco has elected to be taxed as a partnership for U.S. federal income tax purposes.

In September 2011, the Company made a voluntary capital contribution of $718 to SV Holdco. The capital contribution was made to maintain the Company’s relative ownership interest following an acquisition by Screenvision and additional capital contributions by other owners of SV Holdco. The Company received Class A membership units representing less than 1% of the issued and outstanding membership units of SV Holdco in return for the Company’s capital contribution.

As of June 30, 2013, the Company held Class C and Class A membership units representing approximately 19% of the total issued and outstanding membership units of SV Holdco. As of June 30, 2013, the carrying value of the Company’s ownership interest in SV Holdco is $5,111 and is included in investments in unconsolidated affiliates in the consolidated balance sheets. For book purposes, the Company has accounted for its investment in SV Holdco, LLC, a limited liability company for which separate accounts of each investor are maintained, as an equity method investment pursuant to Accounting Standards Codification 970-323-25-6.

The Company’s Class C membership units are intended to be treated as a “profits interest” in SV Holdco for U.S. federal income tax purposes and thus do not give the Company an interest in the other members’ initial or subsequent capital contributions. As a profits interest, the Company’s Class C membership units are designed to represent an equity interest in SV Holdco’s future profits and appreciation in assets beyond a defined threshold amount, which equaled $85,000 as of October 14, 2010. The $85,000 threshold amount represented the agreed upon value of initial capital contributions made by the members to SV Holdco and is subject to adjustment to account for future capital contributions made to SV Holdco. Accordingly, the threshold amount applicable to the Company’s Class C membership units equaled $88,000 as of June 30, 2013.

The Company will also receive additional Class C membership units (“bonus units”), all of which will be subject to forfeiture, or may forfeit some of its initial Class C membership units, based upon changes in the Company’s future theatre and screen count. However, the Company will not forfeit more than 25% of the Class C membership units it received in October 2010, and the Company will not receive bonus units in excess of 33% of the Class C membership units it received in October 2010. Any bonus units and the initial Class C membership units subject to forfeiture will each become non-forfeitable on the Expiration Date, or upon the earlier occurrence of certain events, including (1) a change of control or liquidation of SV Holdco or (2) the consummation of an initial public offering of securities of SV Holdco. The Company’s Class C units in SV Holdco LLC that are subject to forfeiture, and any bonus units that may be awarded in future periods, will not be recognized in its consolidated financial statements until such units become non-forfeitable. Upon recognition, the Company will record its investment in any additional Class C and bonus units and will recognize revenue equal to the then estimated fair value of such units. The non-forfeitable ownership interest in SV Holdco was recorded at an estimated fair value of $6,555 which was determined using the Black Scholes Model. The Company has applied the equity method of accounting for the non-forfeitable units and for financial reporting purposes began recording the related percentage of the earnings or losses of SV Holdco in its consolidated statement of operations since October 14, 2010. The Company’s non-forfeitable Class C and Class A membership units represented approximately 15% of the total issued and outstanding membership units of SV Holdco as of June 30, 2013 and December 31, 2012.

For financial reporting purposes, the gains from both the $30,000 cash payment to the Company and its non-forfeitable membership units in SV Holdco ($36,555 in the aggregate) have been deferred and will be recognized as concessions and other revenue on a straight line basis over the remaining term of the Modified Exhibition Agreement. The Company has included in concessions and other revenue in the consolidated statement of operations amounts related to Screenvision of approximately $2,500 and $2,100 for the three months ended June 30, 2013 and 2012, respectively, and approximately $4,500 and $4,400 for the six months ended June 30, 2013 and 2012, respectively. The Company reclassifies certain amounts from Screenvision included in concessions and other revenue to earnings from unconsolidated affiliates. The amount reclassified is based on the Company’s non-forfeitable ownership percentage of SV Holdco membership units, represents an intercompany gain to the Company and totaled $440 and $399 for the three months ended June 30, 2013 and 2012, respectively, and $794 and $796 for the six months ended June 30, 2013 and 2012, respectively. The Company has included in accounts receivable in the consolidated balance sheets amounts due from Screenvision of $2,058 and $2,030 at June 30, 2013 and December 31, 2012, respectively.

A summary of changes in investments in unconsolidated affiliates and deferred revenue for the Company’s equity method investment in SV Holdco for the six months ended June 30, 2013 is as follows:

Investments in unconsolidated affiliates	SV Holdco
Balance at January 1, 2013	$	6,740
Equity earnings of SV Holdco		(1,629	)
Balance at June 30, 2013	$	5,111

Deferred revenue	SV Holdco
Balance at January 1, 2013	$	34,141
Amortization of up-front payment		(473	)
Amortization of Class C units		(106	)
Balance at June 30, 2013	$	33,562

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Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net income	$ 894	$ 4,429
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	20,487	15,571
Amortization of debt issuance costs	724	1,035
Impairment on long-lived assets	411	1,536
Loss on extinguishment of debt		4,961
Deferred income taxes	(2,475)
Stock-based compensation	1,318	1,101
Loss from unconsolidated affiliates	1,372	1,702
Other	237	205
Gain (loss) on sale of property and equipment	(50)	124
Changes in operating assets and liabilities:
Accounts receivable and inventories	(1,271)	(1,447)
Prepaid expenses and other assets	402	209
Accounts payable	7,685	(5,761)
Accrued expenses and other liabilities	1,967	2,258
Distributions from unconsolidated affiliates	188	206
Net cash provided by operating activities	31,889	26,129
Cash flows from investing activities:
Purchases of property and equipment	(13,691)	(10,626)
Release of restricted cash	280	314
Theatre acquisition	(1,349)	(702)
Proceeds from sale of property and equipment	229	700
Net cash used in investing activities	(14,531)	(10,314)
Debt activities:
Short-term borrowings		5,000
Repayment of short-term borrowings		(5,000)
Issuance of long-term debt		209,500
Repayments of long-term debt		(200,229)
Debt issuance costs		(8,599)
Repayments of capital lease and long-term financing obligations	(1,979)	(900)
Issuance of common stock		56,633
Purchase of treasury stock	(174)	(57)
Net cash (used in) provided by financing activities	(2,153)	56,348
Increase in cash and cash equivalents	15,205	72,163
Cash and cash equivalents at beginning of period	68,531	13,616
Cash and cash equivalents at end of period	83,736	85,779
Cash paid during the period for:
Interest	23,639	12,913
Income taxes	890	2,789
Non-cash investing and financing activities:
Non-cash purchase of property and equipment	$ 1,727	$ 516

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 83,736	$ 68,531
Restricted cash	13	293
Accounts receivable	8,528	6,555
Inventories	3,580	4,186
Deferred income tax asset	4,471	2,896
Prepaid expenses and other current assets	11,376	10,936
Total current assets	111,704	93,397
Property and equipment:
Land	51,841	51,876
Buildings and building improvements	334,990	335,738
Leasehold improvements	145,382	141,758
Assets under capital leases	44,970	44,970
Equipment	239,702	235,223
Construction in progress	6,843	5,185
Total property and equipment	823,728	814,750
Accumulated depreciation and amortization	(387,652)	(369,823)
Property and equipment, net of accumulated depreciation	436,076	444,927
Goodwill	44,577	44,577
Intangible assets, net of accumulated amortization	1,009	1,061
Investments in unconsolidated affiliates (Note 10)	6,036	7,682
Deferred income tax asset	100,912	100,012
Other	19,627	21,072
Total assets	719,941	712,728
Current liabilities:
Accounts payable	37,133	32,141
Accrued expenses	40,957	40,049
Current maturities of capital leases and long-term financing obligations	4,750	4,422
Total current liabilities	82,840	76,612
Long-term liabilities:
Long-term debt	209,583	209,548
Capital leases and long-term financing obligations, less current maturities	218,655	220,725
Deferred revenue	32,405	32,984
Other	24,986	23,425
Total long-term liabilities	485,629	486,682
Commitments and contingencies (Note 7)
Stockholders' equity:
Preferred Stock, $1.00 par value per share: 1,000,000 shares authorized, no shares issued
Common Stock, $0.03 par value per share: 35,000,000 shares authorized, 18,335,907 shares issued and 17,867,823 shares outstanding at June 30, 2013, and 18,244,179 shares issued and 17,786,949 shares outstanding at December 31, 2012	542	540
Treasury stock, 468,084 and 457,230 shares at cost at June 30, 2013 and December 31, 2012, respectively	(11,914)	(11,740)
Paid-in capital	350,982	349,666
Accumulated deficit	(188,138)	(189,032)
Total stockholders' equity	151,472	149,434
Total liabilities and stockholders' equity	$ 719,941	$ 712,728

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Debt - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Apr. 30, 2012
Debt Instrument [Line Items]
Date of maturity	Apr. 27, 2016
Senior secured term loan, outstanding amount (Jan 2016)			$ 198,700
Issuance of letters of credit	10,000
Provisions in future incremental borrowings	150,000
Minimum percentage of senior secured term loan for interest rate protection	25.00%
Secured Term Loan Facility [Member]
Debt Instrument [Line Items]
Senior secured notes, aggregate principal amount issued			265,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Date of maturity	January 2013
Maximum borrowing capacity	30,000		25,000
Outstanding balance on the revolving credit facility	0
Interest Rate Option, LIBOR Based [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate	1.00%
Interest rate description	LIBOR (subject to a 1.00% floor) plus a margin of 4.50%
Interest rate, margin added	4.50%
Commitment fees on unused portion of facility	0.50%
Interest Rate Option, Base Rate Based [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate	2.00%
Interest rate description	Base Rate (subject to a 2.00% floor) plus a margin of 3.50%
Interest rate, margin added	3.50%
Maximum [Member]
Debt Instrument [Line Items]
Leverage ratio	2.75
Minimum [Member]
Debt Instrument [Line Items]
Leverage ratio	1.00
Default in payment of principal	10,000
7.375% Senior Secured Notes [Member]
Debt Instrument [Line Items]
Senior secured notes, aggregate principal amount issued			210,000
Interest rate		7.375%	7.375%
Date of maturity	May 15, 2019
Debt issuance costs	$ 8,600
Percentage of principal amount, redemption price	107.375%
Repurchase of Senior Secured Notes Purchase Price Percentage	101.00%
7.375% Senior Secured Notes [Member] | Maximum [Member]
Debt Instrument [Line Items]
Percentage of aggregate principal amount, maximum redeemable	35.00%
Percentage of principal amount redeemed at redemption date	105.53%
7.375% Senior Secured Notes [Member] | Minimum [Member]
Debt Instrument [Line Items]
Minimum percentage of aggregate principal amount outstanding, excluding the redemption date	65.00%
Percentage of principal amount redeemed at redemption date	100.00%
Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Date of maturity	January 2016

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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Discontinued Operations And Disposal Groups [Abstract]

Summary of Activity for Discontinued Operations

The following table sets forth the summary of activity for discontinued operations for the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,
	2013			2012
Revenue from discontinued operations	$	—		$	800
Operating loss before income taxes	$	(16	)	$	(44	)
Income tax benefit from discontinued operations		6			16
Gain on disposal, before income taxes		119			166
Income tax expense on disposal		(48	)		(62	)
Income from discontinued operations	$	61		$	76
	Six months ended June 30,
	2013			2012
Revenue from discontinued operations	$	23		$	1,741
Operating loss before income taxes	$	(126	)	$	(129	)
Income tax benefit from discontinued operations		52			48
Gain on disposal, before income taxes		107			124
Income tax expense on disposal		(44	)		(46	)
Loss from discontinued operations	$	(11	)	$	(3	)

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Subsequent Events - Additional Information (Detail) (Subsequent Event [Member])	1 Months Ended
	Jul. 22, 2013	Jul. 17, 2013 Theatre Screens
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of theatres to be acquired under purchase agreement		3
Number of screens to be acquired under purchase agreement		52
Commenced an offering	4,500,000
Underwriters' option to purchase an additional shares of common stock	675,000

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Screenvision Exhibition, Inc. - Summary of Changes in Investments in Unconsolidated Affiliates and Deferred Revenue (Detail) (USD $) In Thousands, unless otherwise specified			6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013 SV Holdco [Member]
Investments in unconsolidated affiliates
Beginning balance	$ 6,036	$ 7,682	$ 6,740
Equity earnings of SV Holdco			(1,629)
Ending balance	6,036	7,682	5,111
Deferred revenue
Beginning balance			34,141
Amortization of up-front payment			(473)
Amortization of Class C units			(106)
Ending balance			$ 33,562

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Discontinued Operations - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2013 Theatre	Jun. 30, 2012 Theatre	Jun. 30, 2013 Theatre	Jun. 30, 2012 Theatre
Discontinued Operations And Disposal Groups [Abstract]
Number of theatres closed during the period	0	3	7	7
Number of theatres closed during the period as discontinued operations		1	1	4

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Discontinued Operations - Summary of Activity for Discontinued Operations (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Discontinued Operations And Disposal Groups [Abstract]
Revenue from discontinued operations		$ 800	$ 23	$ 1,741
Operating loss before income taxes	(16)	(44)	(126)	(129)
Income tax benefit from discontinued operations	6	16	52	48
Gain on disposal, before income taxes	119	166	107	124
Income tax expense on disposal	(48)	(62)	(44)	(46)
Income/Loss from discontinued operations	$ 61	$ 76	$ (11)	$ (3)

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Net Income Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Net Income Per Share

NOTE 8—NET INCOME PER SHARE

Basic net income per common share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted income per share is computed using the weighted-average number of common shares and common stock equivalents outstanding. Common stock equivalents totaling 28,123 and 243,160 for the three months ended June 30, 2013 and 2012, respectively, and common stock equivalents totaling 32,967 and 390,833 for the six months ended June 30, 2013 and 2012, respectively, were excluded from the calculation of diluted earnings per share because of a decline in the average market price of the common stock compared to the price on the grant date.

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Debt - Fair Value of Senior Secured Notes Based on Quoted Market Prices (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Carrying amount, net	$ 209,583	$ 209,548
Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Carrying amount, net	210,000	210,000
Fair value	$ 224,175	$ 226,800

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Theatre Acquisitions - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	0 Months Ended	6 Months Ended
	Nov. 15, 2012 Entertainment_Complexes States	Jun. 30, 2013	Dec. 31, 2012
Business Acquisition [Line Items]
Number of entertainment complexes acquired	16
Date of assets acquisition		Nov. 15, 2012
Number of theatres located states	7
Business acquisition cash paid	$ 22,213
Working capital adjustment		1,349
Capital lease and financial obligation, assumed		218,655	220,725
Rave Acquisition [Member]
Business Acquisition [Line Items]
Business acquisition number of screen acquired	251
Working capital adjustment	3,213
Capital lease and financial obligation, assumed	$ 110,243

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Theatre Acquisitions

6 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Theatre Acquisitions

NOTE 11—THEATRE ACQUISITIONS

On November 15, 2012, the Company completed its acquisition of 16 entertainment complexes and 251 screens in seven U.S. states (the “Theatres”) pursuant to the terms of the Membership Interest Purchase Agreement with Rave Reviews Cinemas, L.L.C (“Rave”) and Rave Reviews Holdings, LLC (“Acquisition Sub”) dated September 28, 2012. Prior to consummation of the acquisition, Rave transferred to the Acquisition Sub the Theatres and certain related assets and certain assumed liabilities, including the leases, related to the Theatres. The Company subsequently acquired all of the ownership interests of the Acquisition Sub. The acquisition supports the Company’s growth strategy. In consideration for the acquisition, the Company paid $22,213 in cash including $3,213 in working capital adjustments. The Company paid $1,349 of the working capital adjustment during the six months ended June 30, 2013. In addition, the Company assumed approximately $110,243 of financing obligations, after accounting adjustments, to reflect the acquisition date fair value of such obligations. The purchase price was paid using cash on hand.

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 7—COMMITMENTS AND CONTINGENCIES

Contingencies

The Company, in the normal course of business, is involved in routine litigation and legal proceedings, such as personal injury claims, employment matters, contractual disputes and claims alleging Americans with Disabilities Act violations. Currently, there is no pending litigation or proceedings that the Company believes will have a material adverse effect, either individually or in the aggregate, on its business or its financial position, results of operations or cash flow.

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Impairment of Long-Lived Assets

6 Months Ended

Jun. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Impairment of Long-Lived Assets

NOTE 2—IMPAIRMENT OF LONG-LIVED ASSETS

For the three and six months ended June 30, 2013, impairment charges aggregated to $207 and $411, respectively. The impairment charges were primarily the result of the continued deterioration of previously impaired theatres. During the three months ended June 30, 2013, competition entered a market where the Company operates one theatre. Due to the limited time in which competition has been in the market and seasonality of the Company’s business, the Company is currently not able to estimate the financial impact on the operating results of the theatre. The Company recorded impairment charges of $50 and $1,536 during the three and six months ended June 30, 2012, respectively, which were primarily the result of the Company’s plan to replace an owned theatre prior to the end of its useful life and the continued deterioration of previously impaired theatres.

The estimated aggregate fair value of the long-lived assets impaired during the three and six months ended June 30, 2013 was approximately $712 and $1,250, respectively. These fair value estimates are considered Level 3 estimates within the fair value hierarchy prescribed by Accounting Standards Codification (“ASC 820”) Fair Value Measurements, and were derived primarily from discounting estimated future cash flows. Future cash flows for a particular theatre are based on historical cash flows for that theatre, after giving effect to future attendance fluctuations, and are projected through the remainder of its lease term or useful life. The Company projects future attendance fluctuations of (10%) to 10%. The risk-adjusted rate of return used to discount these cash flows ranges from 10% to 15%.

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Guarantor Subsidiaries - Condensed Consolidating Statement of Operations (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues:
Admissions	$ 107,825	$ 86,434	$ 189,348	$ 169,125
Concessions and other	62,648	49,099	111,219	96,375
Total operating revenues	170,473	135,533	300,567	265,500
Operating costs and expenses:
Film exhibition costs	61,141	48,254	104,405	91,497
Concession costs	7,730	5,481	13,699	11,048
Other theatre operating costs	61,768	52,290	119,728	104,421
General and administrative expenses	6,032	5,174	12,047	10,174
Severance agreement charges		493		493
Lease termination charges			3,063
Depreciation and amortization	10,251	7,737	20,483	15,504
(Gain) loss on sale of property and equipment	(21)		59	248
Impairment of long-lived assets	207	50	411	1,536
Total operating costs and expenses	147,108	119,479	273,895	234,921
Operating income	23,365	16,054	26,672	30,579
Interest expense	12,346	8,611	24,645	16,874
Loss on extinguishment of debt		4,961		4,961
Income before income tax and income (loss) from unconsolidated affiliates	11,019	2,482	2,027	8,744
Income tax (benefit) expense	4,755	912	459	3,320
(Loss) income from unconsolidated affiliates	352	(448)	(663)	(992)
Income (loss) from continuing operations	6,616	1,122	905	4,432
(Loss) income from discontinued operations	61	76	(11)	(3)
Net income (loss)	6,677	1,198	894	4,429
Carmike Cinemas, Inc. [Member]
Revenues:
Admissions	14,733	14,195	25,977	27,916
Concessions and other	17,550	14,954	31,527	29,752
Total operating revenues	32,283	29,149	57,504	57,668
Operating costs and expenses:
Film exhibition costs	8,178	7,974	14,215	15,179
Concession costs	1,133	997	2,034	2,008
Other theatre operating costs	9,558	10,255	19,406	21,363
General and administrative expenses	5,425	4,588	10,854	9,016
Severance agreement charges		493		493
Depreciation and amortization	1,871	1,715	3,750	3,422
(Gain) loss on sale of property and equipment			4	20
Impairment of long-lived assets	23	4	23	13
Total operating costs and expenses	26,188	26,026	50,286	51,514
Operating income	6,095	3,123	7,218	6,154
Interest expense	2,047	2,363	4,072	4,882
Loss on extinguishment of debt		4,961		4,961
Equity in earnings of subsidiaries	(4,392)	(3,912)	409	(7,284)
Income before income tax and income (loss) from unconsolidated affiliates	8,440	(289)	2,737	3,595
Income tax (benefit) expense	2,016	(2,034)	1,009	(2,129)
(Loss) income from unconsolidated affiliates	253	(518)	(835)	(1,172)
Income (loss) from continuing operations	6,677	1,227	893	4,552
(Loss) income from discontinued operations		(29)	1	(123)
Net income (loss)	6,677	1,198	894	4,429
Guarantor Subsidiaries [Member]
Revenues:
Admissions	76,587	72,239	135,299	141,209
Concessions and other	44,933	40,752	79,742	79,543
Total operating revenues	121,520	112,991	215,041	220,752
Operating costs and expenses:
Film exhibition costs	43,571	40,280	74,472	76,318
Concession costs	5,627	4,484	9,905	9,040
Other theatre operating costs	51,320	48,642	97,401	95,978
General and administrative expenses	589	586	1,159	1,158
Lease termination charges			3,063
Depreciation and amortization	6,273	6,022	12,533	12,082
(Gain) loss on sale of property and equipment	(21)		55	228
Impairment of long-lived assets	184	46	388	1,523
Total operating costs and expenses	107,543	100,060	198,976	196,327
Operating income	13,978	12,931	16,065	24,425
Interest expense	6,202	6,248	12,360	11,992
Equity in earnings of subsidiaries	(1)		(4)
Income before income tax and income (loss) from unconsolidated affiliates	7,777	6,683	3,709	12,433
Income tax (benefit) expense	3,052	2,946	1,398	5,449
(Loss) income from unconsolidated affiliates	99	70	172	180
Income (loss) from continuing operations	4,824	3,807	2,483	7,164
(Loss) income from discontinued operations	61	105	(12)	120
Net income (loss)	4,885	3,912	2,471	7,284
Non-Guarantor Subsidiaries [Member]
Revenues:
Admissions	16,505		28,072
Concessions and other	8,717		14,973
Total operating revenues	25,222		43,045
Operating costs and expenses:
Film exhibition costs	9,392		15,718
Concession costs	970		1,760
Other theatre operating costs	9,442		17,944
General and administrative expenses	18		34
Depreciation and amortization	2,107		4,200
Total operating costs and expenses	21,929		39,656
Operating income	3,293		3,389
Interest expense	4,097		8,213
Income before income tax and income (loss) from unconsolidated affiliates	(804)		(4,824)
Income tax (benefit) expense	(313)		(1,948)
Income (loss) from continuing operations	(491)		(2,876)
Net income (loss)	(491)		(2,876)
Eliminations [Member]
Revenues:
Concessions and other	(8,552)	(6,607)	(15,023)	(12,920)
Total operating revenues	(8,552)	(6,607)	(15,023)	(12,920)
Operating costs and expenses:
Other theatre operating costs	(8,552)	(6,607)	(15,023)	(12,920)
Total operating costs and expenses	(8,552)	(6,607)	(15,023)	(12,920)
Equity in earnings of subsidiaries	4,393	3,912	(405)	7,284
Income before income tax and income (loss) from unconsolidated affiliates	(4,393)	(3,912)	405	(7,284)
Income (loss) from continuing operations	(4,393)	(3,912)	405	(7,284)
Net income (loss)	(4,393)	(3,912)	405	(7,284)
Guarantor Financials [Member]
Revenues:
Admissions	107,825		189,348
Concessions and other	62,648		111,219
Total operating revenues	170,473		300,567
Operating costs and expenses:
Film exhibition costs	61,141		104,405
Concession costs	7,730		13,699
Other theatre operating costs	61,768		119,728
General and administrative expenses	6,032		12,047
Lease termination charges			3,063
Depreciation and amortization	10,251		20,483
(Gain) loss on sale of property and equipment	(21)		59
Impairment of long-lived assets	207		411
Total operating costs and expenses	147,108		273,895
Operating income	23,365		26,672
Interest expense	12,346		24,645
Income before income tax and income (loss) from unconsolidated affiliates	11,019		2,027
Income tax (benefit) expense	4,755		459
(Loss) income from unconsolidated affiliates	352		(663)
Income (loss) from continuing operations	6,616		905
(Loss) income from discontinued operations	61		(11)
Net income (loss)	6,677		894
Guarantor Financials [Member] | Carmike Cinemas, Inc. [Member]
Revenues:
Admissions	14,733		25,977
Concessions and other	17,550		31,527
Total operating revenues	32,283		57,504
Operating costs and expenses:
Film exhibition costs	8,178		14,215
Concession costs	1,133		2,034
Other theatre operating costs	9,558		19,406
General and administrative expenses	5,425		10,854
Depreciation and amortization	1,871		3,750
(Gain) loss on sale of property and equipment			4
Impairment of long-lived assets	23		23
Total operating costs and expenses	26,188		50,286
Operating income	6,095		7,218
Interest expense	2,047		4,072
Equity in earnings of subsidiaries	(4,392)		409
Income before income tax and income (loss) from unconsolidated affiliates	8,440		2,737
Income tax (benefit) expense	2,016		1,009
(Loss) income from unconsolidated affiliates	253		(835)
Income (loss) from continuing operations	6,677		893
(Loss) income from discontinued operations			1
Net income (loss)	6,677		894
Guarantor Financials [Member] | Guarantor Subsidiaries [Member]
Revenues:
Admissions	93,092		163,371
Concessions and other	53,650		94,715
Total operating revenues	146,742		258,086
Operating costs and expenses:
Film exhibition costs	52,963		90,190
Concession costs	6,597		11,665
Other theatre operating costs	60,762		115,345
General and administrative expenses	607		1,193
Lease termination charges			3,063
Depreciation and amortization	8,380		16,733
(Gain) loss on sale of property and equipment	(21)		55
Impairment of long-lived assets	184		388
Total operating costs and expenses	129,472		238,632
Operating income	17,270		19,454
Interest expense	10,299		20,573
Income before income tax and income (loss) from unconsolidated affiliates	6,971		(1,119)
Income tax (benefit) expense	2,739		(550)
(Loss) income from unconsolidated affiliates	99		172
Income (loss) from continuing operations	4,331		(397)
(Loss) income from discontinued operations	61		(12)
Net income (loss)	4,392		(409)
Guarantor Financials [Member] | Eliminations [Member]
Revenues:
Concessions and other	(8,552)		(15,023)
Total operating revenues	(8,552)		(15,023)
Operating costs and expenses:
Other theatre operating costs	(8,552)		(15,023)
Total operating costs and expenses	(8,552)		(15,023)
Equity in earnings of subsidiaries	4,392		(409)
Income before income tax and income (loss) from unconsolidated affiliates	(4,392)		409
Income (loss) from continuing operations	(4,392)		409
Net income (loss)	$ (4,392)		$ 409

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Equity Based Compensation - Summary of Option Activity for Stock Options (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Shares, Outstanding, Beginning balance	747,500
Shares, Granted	0	0
Shares, Exercised
Shares, Expired	(90,000)
Shares, Forfeited
Shares, Outstanding, Ending balance	657,500		747,500
Shares, Exercisable	601,662
Shares, Expected to vest	53,929
Weighted Average Exercise Price, Outstanding, Beginning balance	$ 12.32
Weighted Average Exercise Price, Granted
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Expired	$ 27.15
Weighted Average Exercise Price, Forfeited
Weighted Average Exercise Price, Outstanding, Ending balance	$ 10.29		$ 12.32
Weighted Average Exercise Price, Exercisable	$ 10.58
Weighted Average Exercise Price, Expected to vest	$ 7.14
Weighted Average Remaining Contractual Life (Yrs.), Outstanding	6 years 2 months 16 days		5 years 11 months 1 day
Weighted Average remaining Contractual Life (Yrs.), Exercisable	6 years 22 days
Weighted Average remaining Contractual Life (Yrs.), Expected to vest	7 years 9 months 7 days
Aggregate Intrinsic Value, Outstanding	$ 0
Aggregate Intrinsic Value, Granted	0
Aggregate Intrinsic Value, Exercised	0
Aggregate Intrinsic Value, Expired	0
Aggregate Intrinsic Value, Forfeited	0
Aggregate Intrinsic Value, Outstanding	6,623		0
Aggregate Intrinsic Value, Exercisable	5,941
Aggregate Intrinsic Value, Expected to vest	$ 659

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Guarantor Subsidiaries

6 Months Ended

Jun. 30, 2013

Guarantees [Abstract]

Guarantor Subsidiaries

NOTE 14—GUARANTOR SUBSIDIARIES

The Company filed a registration statement which became effective in 2010. The registration statement registers certain securities, including debt securities which may be issued and guaranteed by certain of Carmike Cinemas, Inc.’s subsidiaries and may be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended.

Carmike Cinemas, Inc. may sell debt securities pursuant to the registration statement and if so, it is expected that such securities would be 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. The financial information included for the non-guarantor subsidiaries is primarily related to entities acquired in the Rave acquisition in November 2012. Therefore, the Company is providing the following condensed consolidating financial statement information as of June 30, 2013 and December 31, 2012 and for the three and six months ended June 30, 2013 and 2012 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, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	67,979		$	13,112		$	2,645		$	—		$	83,736
Restricted cash		13			—			—			—			13
Accounts receivable		8,111			359			3,121			(3,063	)		8,528
Inventories		684			2,424			472			—			3,580
Deferred income tax asset		3,258			435			778			—			4,471
Prepaid expenses and other current assets		7,641			4,999			3,457			(4,721	)		11,376
Total current assets		87,686			21,329			10,473			(7,784	)		111,704
Property and equipment:
Land		12,080			39,761			—			—			51,841
Buildings and building improvements		45,584			222,329			67,077			—			334,990
Leasehold improvements		19,249			109,828			16,305			—			145,382
Assets under capital leases		8,675			36,295			—			—			44,970
Equipment		65,378			161,399			12,925			—			239,702
Construction in progress		1,991			4,852			—			—			6,843
Total property and equipment		152,957			574,464			96,307			—			823,728
Accumulated depreciation and amortization		(80,998	)		(301,065	)		(5,589	)		—			(387,652	)
Property and equipment, net of accumulated depreciation		71,959			273,399			90,718			—			436,076
Intercompany receivables		87,137			—			4,643			(91,780	)		—
Investments in subsidiaries		157,288			131			—			(157,419	)		—
Goodwill		—			8,087			36,490			—			44,577
Intangible assets, net of accumulated amortization		—			1,009			—			—			1,009
Investments in unconsolidated affiliates		5,111			925			—			—			6,036
Deferred income tax asset		57,784			42,929			199			—			100,912
Other assets		13,376			5,854			397			—			19,627
Total assets	$	480,341		$	353,663		$	142,920		$	(256,983	)	$	719,941
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	32,701		$	6,414		$	1,081		$	(3,063	)	$	37,133
Accrued expenses		20,698			18,509			6,471			(4,721	)		40,957
Current maturities of capital leases and long-term financing obligations		491			2,255			2,004			—			4,750
Total current liabilities		53,890			27,178			9,556			(7,784	)		82,840
Long-term liabilities:
Long-term debt		209,583			—			—			—			209,583
Capital leases and long-term financing obligations, less current maturities		27,670			83,758			107,227			—			218,655
Intercompany liabilities		—			91,780			—			(91,780	)		—
Deferred revenue		32,405			—			—			—			32,405
Other		5,321			13,374			6,291			—			24,986
Total long-term liabilities		274,979			188,912			113,518			(91,780	)		485,629
Stockholders’ equity:
Preferred stock		—			—			—			—			—
Common stock		542			1			—			(1	)		542
Treasury stock		(11,914	)		—			—			—			(11,914	)
Paid-in capital		350,982			237,800			22,213			(260,013	)		350,982
Accumulated deficit		(188,138	)		(100,228	)		(2,367	)		102,595			(188,138	)
Total stockholders’ equity		151,472			137,573			19,846			(157,419	)		151,472
Total liabilities and stockholders’ equity	$	480,341		$	353,663		$	142,920		$	(256,983	)	$	719,941

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2012
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	49,093		$	14,870		$	4,568		$	—		$	68,531
Restricted cash		293			—			—			—			293
Accounts receivable		5,058			874			5,250			(4,627	)		6,555
Inventories		926			2,823			437			—			4,186
Deferred income tax asset		3,203			—			—			(307	)		2,896
Prepaid expenses and other current assets		3,426			5,173			2,337			—			10,936
Total current assets		61,999			23,740			12,592			(4,934	)		93,397
Property and equipment:
Land		12,080			39,796			—			—			51,876
Buildings and building improvements		45,571			223,090			67,077			—			335,738
Leasehold improvements		19,200			107,111			15,447			—			141,758
Assets under capital leases		8,675			36,295			—			—			44,970
Equipment		64,167			158,333			12,723			—			235,223
Construction in progress		1,352			3,833			—			—			5,185
Total property and equipment		151,045			568,458			95,247			—			814,750
Accumulated depreciation and amortization		(77,302	)		(291,132	)		(1,389	)		—			(369,823	)
Property and equipment, net of accumulated depreciation		73,743			277,326			93,858			—			444,927
Intercompany receivables		92,801			—			7,002			(99,803	)		—
Investments in subsidiaries		157,522			126			—			(157,648	)		—
Goodwill		—			8,087			36,490			—			44,577
Intangible assets, net of accumulated amortization		—			1,061			—			—			1,061
Investments in unconsolidated affiliates		6,740			942			—			—			7,682
Deferred income tax asset		57,247			42,765			—			—			100,012
Other assets		14,299			6,026			747			—			21,072
Total assets	$	464,351		$	360,073		$	150,689		$	(262,385	)	$	712,728
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	24,071		$	9,704		$	2,993		$	(4,627	)	$	32,141
Accrued expenses		14,601			17,250			8,505			(307	)		40,049
Current maturities of capital leases and long-term financing obligations		442			2,169			1,811			—			4,422
Total current liabilities		39,114			29,123			13,309			(4,934	)		76,612
Long-term liabilities:
Long-term debt		209,548			—			—			—			209,548
Capital leases and long-term financing obligations, less current maturities		27,876			84,557			108,292			—			220,725
Intercompany liabilities		—			99,803			—			(99,803	)		—
Deferred revenue		32,984			—			—			—			32,984
Other		5,395			11,487			6,543			—			23,425
Total long-term liabilities		275,803			195,847			114,835			(99,803	)		486,682
Stockholders’ equity:
Preferred stock		—			—			—			—			—
Common stock		540			1			—			(1	)		540
Treasury stock		(11,740	)		—			—			—			(11,740	)
Paid-in capital		349,666			237,800			22,037			(259,837	)		349,666
Accumulated deficit		(189,032	)		(102,698	)		508			102,190			(189,032	)
Total stockholders’ equity		149,434			135,103			22,545			(157,648	)		149,434
Total liabilities and stockholders’ equity	$	464,351		$	360,073		$	150,689		$	(262,385	)	$	712,728

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	14,733		$	76,587		$	16,505		$	—		$	107,825
Concessions and other		17,550			44,933			8,717			(8,552	)		62,648
Total operating revenues		32,283			121,520			25,222			(8,552	)		170,473
Operating costs and expenses:
Film exhibition costs		8,178			43,571			9,392			—			61,141
Concession costs		1,133			5,627			970			—			7,730
Other theatre operating costs		9,558			51,320			9,442			(8,552	)		61,768
General and administrative expenses		5,425			589			18			—			6,032
Depreciation and amortization		1,871			6,273			2,107			—			10,251
Gain on sale of property and equipment		—			(21	)		—			—			(21	)
Impairment of long-lived assets		23			184			—			—			207
Total operating costs and expenses		26,188			107,543			21,929			(8,552	)		147,108
Operating income		6,095			13,978			3,293			—			23,365
Interest expense		2,047			6,202			4,097			—			12,346
Equity in earnings of subsidiaries		(4,392	)		(1	)		—			4,393			—
Income (loss) before income tax and income from unconsolidated affiliates		8,440			7,777			(804	)		(4,393	)		11,019
Income tax expense (benefit)		2,016			3,052			(313	)		—			4,755
Income from unconsolidated affiliates		253			99			—			—			352
Income (loss) from continuing operations		6,677			4,824			(491	)		(4,393	)		6,616
Income from discontinued operations		—			61			—			—			61
Net income (loss)	$	6,677		$	4,885		$	(491	)	$	(4,393	)	$	6,677

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2012
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries		Eliminations			Consolidated
Revenues:
Admissions	$	14,195		$	72,239	$	—		$	86,434
Concessions and other		14,954			40,752		(6,607	)		49,099
Total operating revenues		29,149			112,991		(6,607	)		135,533
Operating costs and expenses:
Film exhibition costs		7,974			40,280		—			48,254
Concession costs		997			4,484		—			5,481
Other theatre operating costs		10,255			48,642		(6,607	)		52,290
General and administrative expenses		4,588			586		—			5,174
Severance agreement charges		493			—		—			493
Depreciation and amortization		1,715			6,022		—			7,737
Impairment of long-lived assets		4			46		—			50
Total operating costs and expenses		26,026			100,060		(6,607	)		119,479
Operating income		3,123			12,931		—			16,054
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		(289	)		6,683		(3,912	)		2,482
Income tax (benefit) expense		(2,034	)		2,946		—			912
(Loss) income from unconsolidated affiliates		(518	)		70		—			(448	)
Income from continuing operations		1,227			3,807		(3,912	)		1,122
(Loss) income from discontinued operations		(29	)		105		—			76
Net income	$	1,198		$	3,912	$	(3,912	)	$	1,198

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	25,977		$	135,299		$	28,072		$	—		$	189,348
Concessions and other		31,527			79,742			14,973			(15,023	)		111,219
Total operating revenues		57,504			215,041			43,045			(15,023	)		300,567
Operating costs and expenses:
Film exhibition costs		14,215			74,472			15,718			—			104,405
Concession costs		2,034			9,905			1,760			—			13,699
Other theatre operating costs		19,406			97,401			17,944			(15,023	)		119,728
General and administrative expenses		10,854			1,159			34			—			12,047
Lease termination charges		—			3,063			—			—			3,063
Depreciation and amortization		3,750			12,533			4,200			—			20,483
Loss on sale of property and equipment		4			55			—			—			59
Impairment of long-lived assets		23			388			—			—			411
Total operating costs and expenses		50,286			198,976			39,656			(15,023	)		273,895
Operating income		7,218			16,065			3,389			—			26,672
Interest expense		4,072			12,360			8,213			—			24,645
Equity in loss (earnings) of subsidiaries		409			(4	)		—			(405	)		—
Income (loss) before income tax and (loss) income from unconsolidated affiliates		2,737			3,709			(4,824	)		405			2,027
Income tax expense (benefit)		1,009			1,398			(1,948	)		—			459
(Loss) income from unconsolidated affiliates		(835	)		172			—			—			(663	)
Income (loss) from continuing operations		893			2,483			(2,876	)		405			905
Income (loss) from discontinued operations		1			(12	)		—			—			(11	)
Net income (loss)	$	894		$	2,471		$	(2,876	)	$	405		$	894

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2012
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries		Eliminations			Consolidated
Revenues:
Admissions	$	27,916		$	141,209	$	—		$	169,125
Concessions and other		29,752			79,543		(12,920	)		96,375
Total operating revenues		57,668			220,752		(12,920	)		265,500
Operating costs and expenses:
Film exhibition costs		15,179			76,318		—			91,497
Concession costs		2,008			9,040		—			11,048
Other theatre operating costs		21,363			95,978		(12,920	)		104,421
General and administrative expenses		9,016			1,158		—			10,174
Severance agreement charges		493			—		—			493
Depreciation and amortization		3,422			12,082		—			15,504
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		51,514			196,327		(12,920	)		234,921
Operating income		6,154			24,425		—			30,579
Interest expense		4,882			11,992		—			16,874
Loss on extinguishment of debt		4,961			—		—			4,961
Equity in earnings of subsidiaries		(7,284	)		—		7,284			—
Income before income tax and (loss) income from unconsolidated affiliates		3,595			12,433		(7,284	)		8,744
Income tax (benefit) expense		(2,129	)		5,449		—			3,320
(Loss) income from unconsolidated affiliates		(1,172	)		180		—			(992	)
Income from continuing operations		4,552			7,164		(7,284	)		4,432
(Loss) income from discontinued operations		(123	)		120		—			(3	)
Net income	$	4,429		$	7,284	$	(7,284	)	$	4,429

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

				For the Six Months Ended June 30, 2013
	Carmike			Guarantor			Non-Guarantor
	Cinemas, Inc.			Subsidiaries			Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities	$	16,853		$	12,972		$	2,064		$	—	$	31,889
Cash flows from investing activities:
Purchases of property and equipment		(3,444	)		(9,189	)		(1,058	)		—		(13,691	)
Theatre acquisition		—			—			(1,349	)		—		(1,349	)
Proceeds from sale of property and equipment		5			224			—			—		229
Other investing activities		280			—			—			—		280
Net cash used in investing activities		(3,159	)		(8,965	)		(2,407	)				(14,531	)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations		(210	)		(893	)		(876	)		—		(1,979	)
Purchase of treasury stock		(174	)		—			—			—		(174	)
Intercompany receivable/payable		5,576			(4,872	)		(704	)		—		—
Net cash provided by (used in) financing activities		5,192			(5,765	)		(1,580	)		—		(2,153	)
Increase in cash and cash equivalents		18,886			(1,758	)		(1,923	)		—		15,205
Cash and cash equivalents at beginning of period		49,093			14,870			4,568			—		68,531
Cash and cash equivalents at end of period	$	67,979		$	13,112		$	2,645		$	—	$	83,736

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Six Months Ended June 30, 2012
	Carmike			Guarantor
	Cinemas, Inc.			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 acquisition		—			(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

In June 2012, the Company issued in a registered exchange offer $210,000 aggregate principal amount of 7.375% Senior Secured Notes due May 15, 2019. The Senior Secured Notes 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., Military Services, Inc., Carmike Giftco, Inc. Carmike Reviews Holdings, LLC, Carmike Motion Pictures Birmingham, LLC, Carmike Motion Pictures Birmingham II, LLC, Carmike Motion Pictures Birmingham III, LLC, Carmike Motion Pictures Chattanooga, LLC, Carmike Motion Pictures Daphne, LLC, Carmike Motion Pictures Pensacola, LLC, Carmike Motion Pictures Pensacola II, LLC, Carmike Motion Pictures Indianapolis, LLC, Carmike Motion Pictures Huntsville, LLC, Carmike Motion Pictures Ft. Wayne, LLC, Carmike Motion Pictures Melbourne, LLC, Carmike Motion Pictures Peoria, LLC, Carmike Motion Pictures Port St. Lucie, LLC, Carmike Motion Pictures Orange Beach, LLC, Carmike Motion Pictures Allentown, LLC, Carmike Houston LP, LLC, Carmike Houston GP, LLC and Carmike Motion Pictures Houston, LLC. For the three and six months ended June 30, 2012, all subsidiaries were guarantors under the Senior Secured Notes as presented above in the condensed consolidated statement of operations and cash flows for the six months ended June 30, 2012. Therefore, the Company is providing the following condensed consolidating financial statement information as of June 30, 2013 and December 31, 2012 and for the three and six months ended June 30, 2013 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, 2013
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	67,979		$	15,757		$	—		$	83,736
Restricted cash		13			—			—			13
Accounts receivable		8,111			3,480			(3,063	)		8,528
Inventories		684			2,896			—			3,580
Deferred income tax asset		3,258			1,213			—			4,471
Prepaid expenses and other current assets		7,641			7,409			(3,674	)		11,376
Total current assets		87,686			30,755			(6,737	)		111,704
Property and equipment:
Land		12,080			39,761			—			51,841
Buildings and building improvements		45,584			289,406			—			334,990
Leasehold improvements		19,249			126,133			—			145,382
Assets under capital leases		8,675			36,295			—			44,970
Equipment		65,378			174,324			—			239,702
Construction in progress		1,991			4,852			—			6,843
Total property and equipment		152,957			670,771			—			823,728
Accumulated depreciation and amortization		(80,998	)		(306,654	)		—			(387,652	)
Property and equipment, net of accumulated depreciation		71,959			364,117			—			436,076
Intercompany receivables		87,137			—			(87,137	)		—
Investments in subsidiaries		157,288			—			(157,288	)		—
Goodwill		—			44,577			—			44,577
Intangible assets, net of accumulated amortization		—			1,009			—			1,009
Investments in unconsolidated affiliates		5,111			925			—			6,036
Deferred income tax asset		57,784			43,128			—			100,912
Other assets		13,376			6,251			—			19,627
Total assets	$	480,341		$	490,762		$	(251,162	)	$	719,941
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	32,701		$	7,495		$	(3,063	)	$	37,133
Accrued expenses		20,698			23,933			(3,674	)		40,957
Current maturities of capital leases and long-term financing obligations		491			4,259			—			4,750
Total current liabilities		53,890			35,687			(6,737	)		82,840
Long-term liabilities:
Long-term debt		209,583			—			—			209,583
Capital leases and long-term financing obligations, less current maturities		27,670			190,985			—			218,655
Intercompany liabilities		—			87,137			(87,137	)		—
Deferred revenue		32,405			—			—			32,405
Other		5,321			19,665			—			24,986
Total long-term liabilities		274,979			297,787			(87,137	)		485,629
Stockholders’ equity:
Preferred stock		—			—			—			—
Common stock		542			1			(1	)		542
Treasury stock		(11,914	)		—			—			(11,914	)
Paid-in capital		350,982			260,013			(260,013	)		350,982
Accumulated deficit		(188,138	)		(102,726	)		102,726			(188,138	)
Total stockholders’ equity		151,472			157,288			(157,288	)		151,472
Total liabilities and stockholders’ equity	$	480,341		$	490,762		$	(251,162	)	$	719,941

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2012
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	49,093		$	19,438		$	—		$	68,531
Restricted cash		293			—			—			293
Accounts receivable		5,058			6,124			(4,627	)		6,555
Inventories		926			3,260			—			4,186
Deferred income tax asset		3,203			—			(307	)		2,896
Prepaid expenses and other assets		3,426			7,510			—			10,936
Total current assets		61,999			36,332			(4,934	)		93,397
Property and equipment:
Land		12,080			39,796			—			51,876
Buildings and building improvements		45,571			290,167			—			335,738
Leasehold improvements		19,200			122,558			—			141,758
Assets under capital leases		8,675			36,295			—			44,970
Equipment		64,167			171,056			—			235,223
Construction in progress		1,352			3,833			—			5,185
Total property and equipment		151,045			663,705			—			814,750
Accumulated depreciation and amortization		(77,302	)		(292,521	)		—			(369,823	)
Property and equipment, net of accumulated depreciation		73,743			371,184			—			444,927
Intercompany receivables		92,801			—			(92,801	)		—
Investments in subsidiaries		157,522			126			(157,648	)		—
Goodwill		—			44,577			—			44,577
Intangible assets, net of accumulated amortization		—			1,061			—			1,061
Investments in unconsolidated affiliates		6,740			942			—			7,682
Deferred income tax asset		57,247			42,765			—			100,012
Other assets		14,299			6,773			—			21,072
Total assets	$	464,351		$	503,760		$	(255,383	)	$	712,728
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	24,071		$	12,697		$	(4,627	)	$	32,141
Accrued expenses		14,601			25,755			(307	)		40,049
Current maturities of capital leases and long-term financing obligations		442			3,980			—			4,422
Total current liabilities		39,114			42,432			(4,934	)		76,612
Long-term liabilities:
Long-term debt		209,548			—			—			209,548
Capital leases and long-term financing obligations, less current maturities		27,876			192,849			—			220,725
Intercompany liabilities		—			92,801			(92,801	)		—
Deferred revenue		32,984			—			—			32,984
Other		5,395			18,030			—			23,425
Total long-term liabilities		275,803			303,680			(92,801	)		486,682
Stockholders’ equity:
Preferred stock		—			—			—			—
Common stock		540			1			(1	)		540
Treasury stock		(11,740	)		—			—			(11,740	)
Paid-in capital		349,666			259,837			(259,837	)		349,666
Accumulated deficit		(189,032	)		(102,190	)		102,190			(189,032	)
Total stockholders’ equity		149,434			157,648			(157,648	)		149,434
Total liabilities and stockholders’ equity	$	464,351		$	503,760		$	(255,383	)	$	712,728

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2013
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	14,733		$	93,092		$	—		$	107,825
Concessions and other		17,550			53,650			(8,552	)		62,648
Total operating revenues		32,283			146,742			(8,552	)		170,473
Operating costs and expenses:
Film exhibition costs		8,178			52,963			—			61,141
Concession costs		1,133			6,597			—			7,730
Other theatre operating costs		9,558			60,762			(8,552	)		61,768
General and administrative expenses		5,425			607			—			6,032
Depreciation and amortization		1,871			8,380			—			10,251
Gain on sale of property and equipment		—			(21	)		—			(21	)
Impairment of long-lived assets		23			184			—			207
Total operating costs and expenses		26,188			129,472			(8,552	)		147,108
Operating income		6,095			17,270			—			23,365
Interest expense		2,047			10,299			—			12,346
Equity in earnings of subsidiaries		(4,392	)		—			4,392			—
Income before income tax and income from unconsolidated affiliates		8,440			6,971			(4,392	)		11,019
Income tax expense		2,016			2,739			—			4,755
Income from unconsolidated affiliates		253			99			—			352
Income from continuing operations		6,677			4,331			(4,392	)		6,616
Income from discontinued operations		—			61			—			61
Net income	$	6,677		$	4,392		$	(4,392	)	$	6,677

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2013
	Carmike Cinemas,  Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	25,977		$	163,371		$	—		$	189,348
Concessions and other		31,527			94,715			(15,023	)		111,219
Total operating revenues		57,504			258,086			(15,023	)		300,567
Operating costs and expenses:
Film exhibition costs		14,215			90,190			—			104,405
Concession costs		2,034			11,665			—			13,699
Other theatre operating costs		19,406			115,345			(15,023	)		119,728
General and administrative expenses		10,854			1,193			—			12,047
Lease termination charges		—			3,063			—			3,063
Depreciation and amortization		3,750			16,733			—			20,483
Loss on sale of property and equipment		4			55			—			59
Impairment of long-lived assets		23			388			—			411
Total operating costs and expenses		50,286			238,632			(15,023	)		273,895
Operating income		7,218			19,454			—			26,672
Interest expense		4,072			20,573			—			24,645
Equity in loss of subsidiaries		409			—			(409	)		—
Income (loss) before income tax and (loss) income from unconsolidated affiliates		2,737			(1,119	)		409			2,027
Income tax expense (benefit)		1,009			(550	)		—			459
(Loss) income from unconsolidated affiliates		(835	)		172			—			(663	)
Income (loss) from continuing operations		893		$	(397	)	$	409		$	905
Income (loss) from discontinued operations		1			(12	)		—			(11	)
Net income (loss)	$	894		$	(409	)	$	409		$	894

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Six Months Ended June 30, 2013
	Carmike			Guarantor
	Cinemas, Inc.			Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities	$	16,853		$	15,036		$	—	$	31,889
Cash flows from investing activities:
Purchases of property and equipment		(3,444	)		(10,247	)		—		(13,691	)
Theatre acquistion		—			(1,349	)		—		(1,349	)
Proceeds from sale of property and equipment		5			224			—		229
Other investing activities		280			—			—		280
Net cash used in investing activities		(3,159	)		(11,372	)				(14,531	)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations		(210	)		(1,769	)		—		(1,979	)
Purchase of treasury stock		(174	)		—			—		(174	)
Intercompany receivable/payable		5,576			(5,576	)		—		—
Net cash provided by (used in) financing activities		5,192			(7,345	)		—		(2,153	)
Increase in cash and cash equivalents		18,886			(3,681	)		—		15,205
Cash and cash equivalents at beginning of period		49,093			19,438			—		68,531
Cash and cash equivalents at end of period	$	67,979		$	15,757		$	—	$	83,736

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Investments in Unconsolidated Affiliates

6 Months Ended

Jun. 30, 2013

Equity Method Investments And Joint Ventures [Abstract]

Investments in Unconsolidated Affiliates

NOTE 10—INVESTMENTS IN UNCONSOLIDATED AFFILIATES

Our investments in affiliated companies accounted for by the equity method consist of our ownership interest in Screenvision, as discussed in Note 9 – Screenvision Exhibition, Inc., and interests in other joint ventures.

Combined financial information of the unconsolidated affiliated companies accounted for by the equity method is as follows:

	As of June 30,
	2013
Assets:
Current assets	$	41,212
Noncurrent assets		151,903
Total assets	$	193,115
Liabilities:
Current liabilities	$	45,955
Noncurrent liabilities		71,914
Total liabilities	$	117,869

	Three Months Ended
	June 30, 2013			June 30, 2012
Results of operations:
Revenue	$	40,946		$	31,403
Net income	$	(1,145	)	$	(5,328	)
	Six Months Ended
	June 30, 2013			June 30, 2012
Results of operations:
Revenue	$	58,734		$	54,187
Net loss	$	(10,498	)	$	(13,697	)

A summary of activity in income from unconsolidated affiliates for the six months ended June 30, 2013 and 2012 is as follows:

	June 30,
Income from unconsolidated affiliates	2013			2012
Loss from unconsolidated affiliates	$	(1,457	)	$	(1,788	)
Elimination of intercompany revenue		794			796
Loss from unconsolidated affiliates	$	(663	)	$	(992	)

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Equity Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Option Activity for Stock Options

The following table sets forth the summary of option activity for stock options with service vesting conditions as of June 30, 2013:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
	Shares			Price		Life (Yrs.)		Value
Outstanding at January 1, 2013		747,500		$	12.32		5.92
Granted		—		$	—
Exercised		—		$	—
Expired		(90,000	)	$	27.15
Forfeited		—		$	—
Outstanding at June 30, 2013		657,500		$	10.29		6.21	$	6,623
Exercisable on June 30, 2013		601,662		$	10.58		6.06	$	5,941
Expected to vest June 30, 2013		53,929		$	7.14		7.77	$	659

Summary of Activity for Restricted Stock Grants

The following table sets forth the summary of activity for restricted stock grants, including performance-based awards, for the six months ended June 30, 2013:

				Weighted
				Average
				Grant Date
	Shares			Fair Value
Nonvested at January 1, 2013		458,981		$	10.85
Granted		213,954		$	15.78
Vested		(97,928	)	$	11.78
Forfeited		—		$	—
Nonvested at June 30, 2013		575,007		$	12.53

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Basis of Presentation and Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

Carmike Cinemas, Inc. (referred to as “we”, “us”, “our”, and the “Company”) has prepared the accompanying unaudited condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (the “SEC”). This information reflects all adjustments which in the opinion of management are necessary for a fair presentation of the balance sheet as of June 30, 2013 and December 31, 2012, the results of operations for the three and six month periods ended June 30, 2013 and 2012 and cash flows for the six months ended June 30, 2013 and 2012. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. The Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012. That report includes a summary of our critical accounting policies. There have been no material changes in our accounting policies during the first six months of 2013.

The consolidated financial statements include the accounts of the Company’s wholly owned subsidiaries. All intercompany transactions and balances have been eliminated.

Accounting Estimates

Accounting Estimates

In the preparation of financial statements in conformity with GAAP, management must make certain estimates, judgments and assumptions. These estimates, judgments and assumptions are made when accounting for items and matters such as, but not limited to, depreciation, amortization, asset valuations, impairment assessments, lease classification, employee benefits, income taxes, reserves and other provisions and contingencies. These estimates are based on the information available when recorded. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Changes in estimates are recognized in the period they are determined.

Discontinued Operations

Discontinued Operations

The results of operations for theatres that have been disposed of or classified as held for sale are eliminated from the Company’s continuing operations and classified as discontinued operations for each period presented within the Company’s condensed consolidated statements of operations. Theatres are reported as discontinued operations when the Company no longer has continuing involvement in the theatre operations and the cash flows have been eliminated, which generally occurs when the Company no longer has operations in a given market. See Note 6 – Discontinued Operations.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

Long-lived assets are tested for recoverability whenever events or circumstances indicate that the assets’ carrying values may not be recoverable. The Company performs its impairment analysis at the individual theatre-level, the lowest level of independent, identifiable cash flow. Management reviews all available evidence when assessing long-lived assets for impairment, including negative trends in theatre-level cash flow, the impact of competition, the age of the theatre, and alternative uses of the assets. The Company’s evaluation of negative trends in theatre-level cash flow considers the seasonality of the business, with significant revenues and cash flow generated in the summer and year-end holiday season. Absent any unusual circumstances, management evaluates new theatres for potential impairment only after a theatre has been open and operational for a sufficient period of time to allow its operations to mature.

For those assets that are identified as potentially being impaired, if the undiscounted future cash flows from such assets are less than the carrying value, the Company recognizes a loss equal to the difference between the carrying value and the asset’s fair value. The fair value of the assets is primarily estimated using the discounted future cash flow of the assets with consideration of other valuation techniques and using assumptions consistent with those used by market participants. Significant judgment is involved in estimating cash flows and fair value; significant assumptions include attendance levels, admissions and concessions pricing, and the weighted-average cost of capital. Management’s estimates are based on historical and projected operating performance.

Fair Value Measurements

Fair Value Measurements

The carrying values of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair value due to the short-term maturities of these assets and liabilities.

The fair value of the Senior Secured Notes and Credit Facility described in Note 3 – Debt is estimated based on quoted market prices at the date of measurement.

Comprehensive Income

Comprehensive Income

The Company has no other comprehensive income items.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

There have been no new accounting pronouncements issued or effective through the six months ended June 30, 2013 that had or are expected to have a significant impact on the Company’s condensed consolidated financial statements.

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Jul. 19, 2013
Document Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Entity Registrant Name	CARMIKE CINEMAS INC
Entity Central Index Key	0000799088
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		17,867,823

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Debt (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Components of Debt

The Company’s debt consisted of the following on the dates indicated:

	June 30,			December 31,
	2013			2012
Senior secured notes	$	210,000		$	210,000
Revolving credit facility		—			—
Original issue discount		(417	)		(452	)
Total debt		209,583			209,548
Current maturities		—			—
Total long-term debt	$	209,583		$	209,548

Fair Value of Senior Secured Notes Based on Quoted Market Prices

The fair value of the Senior Secured Notes at June 30, 2013 and December 31, 2012 is estimated based on quoted market prices as follows:

	As of June 30,		As of December 31,
	2013		2012
Carrying amount, net	$	210,000	$	210,000
Fair value	$	224,175	$	226,800