XML 24 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2013
Muvico Entertainment, L.L.C [Member]
 
Summary of the Preliminary Purchase Price and Purchase Price Allocation Based on the Fair Value of Net Assets Acquired

The following table summarizes the preliminary purchase price and purchase price allocation for Muvico based on the fair value of net assets acquired at the acquisition date.

 

Cash consideration paid less cash amounts received

   $ 30,608   

Leases and financing obligations assumed

     19,101   
  

 

 

 

Fair value of total consideration transferred

   $ 49,709   

Inventory

   $ 541   

Other current assets

     385   

Property and equipment

     24,867   

Deferred tax assets

     3,441   

Current liabilities

     (2,068

Other liabilities

     (1,150
  

 

 

 

Net assets acquired

     26,016   

Goodwill

     23,693   
  

 

 

 

Purchase price

   $ 49,709   
  

 

 

 
Business Acquisition, Pro Forma Results of Operations (Unaudited)

The following selected comparative unaudited pro forma results of operations information for the years ended December 31, 2013 and 2012 assumes the Muvico acquisition occurred at the beginning of the fiscal year 2012, and reflects the full results of operations for the years presented. 

     Pro Forma Year Ended
December 31,
 
     2013      2012  

Revenues

   $ 699,826       $ 603,243   

Operating income

   $ 60,163       $ 58,882   

Net income (loss)

   $ 4,692       $ 97,595   

Income (loss) per share:

     

Basic

   $ 0.24       $ 6.19   

Diluted

   $ 0.23       $ 6.07   
Rave Reviews Cinemas, L.L.C [Member]
 
Summary of the Preliminary Purchase Price and Purchase Price Allocation Based on the Fair Value of Net Assets Acquired

The following table summarizes the purchase price and purchase price allocation for Rave based on the fair value of net assets acquired at the acquisition date.

 

Cash

   $ 19,000   

Financing obligations assumed

     110,243   
  

 

 

 

Purchase price

     129,243   

Working capital adjustment

     3,213   
  

 

 

 

Total purchase price

   $ 132,456   
  

 

 

 

Accounts receivable

   $ 514   

Inventory

     464   

Other current assets

     1,329   

Property and equipment

     94,523   

Deferred tax assets

     14,418   

Current liabilities

     (8,878

Other liabilities

     (6,580
  

 

 

 

Net assets acquired

     95,790   

Goodwill

     36,666   
  

 

 

 

Purchase Price

   $ 132,456   
  

 

 

 
Business Acquisition, Pro Forma Results of Operations (Unaudited)

The following selected comparative unaudited pro forma results of operations information for the years ended December 31, 2012 and 2011 assumes the Rave acquisition occurred at the beginning of the fiscal year 2011, and reflects the full results of operations for the years presented.

 

     Pro Forma Year Ended
December 31,
 
     2012      2011  

Revenues

   $ 634,053       $ 566,914   

Operating income

   $ 72,300       $ 48,902   

Net income (loss)

   $ 95,580       $ (9,674

Income (loss) per share:

     

Basic

   $ 6.06       $ (0.76

Diluted

   $ 5.94       $ (0.76
MNM Theatres [Member]
 
Business Acquisition, Pro Forma Results of Operations (Unaudited)

The following selected comparative unaudited pro forma results of operations information for the years ended December 31, 2012 and 2011 assumes the MNM Theatres acquisition occurred at the beginning of the fiscal year 2011, and reflects the full results of operations for the years presented. .

 

     Pro Forma Year Ended
December 31,
 
     2011     2010  

Revenues

   $ 491,548      $ 500,142   

Operating income

   $ 37,341      $ 26,501   

Net income (loss)

   $ (5,677   $ (10,354

Income (loss) per share:

    

Basic

   $ (0.44   $ (0.81

Diluted

   $ (0.44   $ (0.81
Summary of the Final Allocation of the Aggregate Purchase Price Estimated Fair Value of the Assets Acquired and Liabilities Assumed

The following is a summary of the final allocation of the aggregate purchase price to the estimated fair value of the MNM Theatres’ assets acquired and liabilities assumed at the date of acquisition. These fair values also represent Level 3 measures. No changes have been made to the purchase price allocation reported for the year ending December 31, 2011.

 

Current assets

   $ 88   

Building, leasehold improvements and equipment

     2,015   

Goodwill

     8,087   

Other intangible assets

     630   
  

 

 

 

Total purchase price

   $ 10,820