XML 105 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Commitments and Contingencies
12 Months Ended
Dec. 31, 2013
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies

NOTE 15—COMMITMENTS AND CONTINGENCIES

Lease Obligations

At December 31, 2013, payments required on operating leases, capital leases and financing obligations are as follows:

 

     Operating
Leases
     Capital
Leases
    Financing
Obligations
 

2014

   $ 67,153       $ 6,335      $ 32,714   

2015

     63,001         6,366        34,327   

2016

     59,023         6,241        33,756   

2017

     51,359         6,538        35,803   

2018

     45,699         6,141        37,255   

Thereafter

     330,181         20,595        291,960   
  

 

 

    

 

 

   

 

 

 

Total minimum lease payments

   $ 616,416         52,216        465,815   
  

 

 

      

Less amounts representing interest ranging from 3.6% to 19.6%

        (24,000     (248,398
     

 

 

   

 

 

 

Present value of future minimum lease payments

        28,216        217,417   

Less current maturities

        (2,218     (4,652
     

 

 

   

 

 

 

Long-term obligations

      $ 25,998      $ 212,765   
     

 

 

   

 

 

 

Rent expense on operating leases was $60,479, $50,908 and $46,411 for 2013, 2012 and 2011, respectively. Included in such amounts are approximately $2,201, $1,789 and $1,426 in contingent rental expense for 2013, 2012 and 2011, respectively. Interest expense includes $1,610, $1,560 and $1,205 for 2013, 2012 and 2011, respectively, related to contingent rent on capital leases and financing obligations.

Self Insurance—General Liability and Workers Compensation Insurance

The Company maintains a deductible of $150 per claim on its general liability insurance policy and a deductible of $300 per claim on its workers compensation insurance policy. The Company uses historical data and actuarial estimates to estimate the cost of claims incurred that are not covered by the insurance policies as of the balance sheet date. The Company has accrued $2,160 and $1,911 at December 31, 2013 and 2012, respectively, for such claims. These costs are included in other theatre operating costs in the consolidated statements of operations.