XML 14 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
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.