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.