Discontinued Operations

6 Months Ended

Jun. 30, 2014

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 six months ended June 30, 2014 prior to the adoption of ASU 2014-08 and therefore did not classify any closed theatres as discontinued operations. The Company did not close any theatres during the three months ended June 30, 2013. During the six months ended June 30, 2013, the Company closed seven theatres. The Company classified one theatre as discontinued operations during the six months ended June 30, 2013. The Company reported the results of these operations, including gains and losses on disposal, as discontinued operations. The operations and cash flows of this theatre have been eliminated from the Company’s continuing operations, and the Company will not have any continuing involvement in its 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, 2014 and 2013:

	Three Months Ended June 30,
	2014			2013
Revenue from discontinued operations	$	—		$	948
Operating loss before income taxes	$	—		$	(60	)
Income tax benefit from discontinued operations		—			24
Gain on disposal, before income taxes		—			119
Income tax expense on disposal		—			(48	)
Income from discontinued operations	$	—		$	35
	Six Months Ended June 30,
	2014			2013
Revenue from discontinued operations	$	1		$	1,781
Operating loss before income taxes	$	(86	)	$	(280	)
Income tax benefit from discontinued operations		34			113
Gain on disposal, before income taxes		—			107
Income tax expense on disposal		—			(43	)
Loss from discontinued operations	$	(52	)	$	(103	)