Guarantor Subsidiaries (Tables)

6 Months Ended

Jun. 30, 2014

Guarantees [Abstract]

Reconciliation of the Amounts Previously Reported "As Revised" Stated Consolidating Statements of Operations

The following is a reconciliation of the amounts previously reported to the “as revised” amounts as stated in the following components of the consolidating statements of operations for the three months ended June 30, 2013:

Parent Column for the three months ended June 30, 2013	As Previously Reported			Adjustments to Earnings of Subsidiaries, Income from Continuing Operations and Net Income			As Revised
(in thousands)
Interest expense	$	2,047		$	3,317	A	$	5,364
Equity in earnings of subsidiaries	$	(4,392	)	$	(2,243	)	$	(6,635	)
Income before income tax and income from unconsolidated affiliates	$	8,440		$	(1,056	)	$	7,384
Income tax expense	$	2,016		$	(1,078	) A	$	938
Income from continuing operations	$	6,677		$	22		$	6,699
Net income	$	6,677		$	—		$	6,677
Guarantor Column for the three months ended June 30, 2013	As Previously Reported			Adjustments to Earnings of Subsidiaries, Income from Continuing Operations and Net Income			As Revised
(in thousands)
Interest expense	$	10,299		$	(3,317	) A	$	6,982
Equity in loss of subsidiaries	$	—		$	—		$	—
Income before income tax and income from unconsolidated affiliates	$	6,971		$	3,343		$	10,314
Income tax expense	$	2,739		$	1,096	A	$	3,835
Income from continuing operations	$	4,331		$	2,247		$	6,578
Net income	$	4,392		$	2,243		$	6,635
Eliminations Column for the three months ended June 30, 2013	As Previously Reported			Adjustments to Earnings of Subsidiaries, Income from Continuing Operations and Net Income			As Revised
(in thousands)
Interest expense	$	—		$	—		$	—
Equity in loss of subsidiaries	$	4,392		$	2,243		$	6,635
Income before income tax and income from unconsolidated affiliates	$	(4,392	)	$	(2,243	)	$	(6,635	)
Income tax expense	$	—		$	—		$	—
Income from continuing operations	$	(4,392	)	$	(2,243	)	$	(6,635	)
Net income	$	(4,392	)	$	(2,243	)	$	(6,635	)

The following is a reconciliation of the amounts previously reported to the “as revised” amounts as stated in the following components of the consolidating statements of operations for the six months ended June 30, 2013:

Parent Column for the six months ended June 30, 2013	As Previously Reported			Adjustments to Earnings of Subsidiaries, Income from Continuing Operations and Net Income			As Revised
(in thousands)
Interest expense	$	4,072		$	6,638	A	$	10,710
Equity in loss (earnings) of subsidiaries	$	409		$	(3,911	)	$	(3,502	)
Income before income tax and income from unconsolidated affiliates	$	2,737		$	(2,670	)	$	67
Income tax expense (benefit)	$	1,009		$	(2,726	) A	$	(1,717	)
Income from continuing operations	$	893		$	56		$	949
Net income	$	894		$	—		$	894
Guarantor Column for the six months ended June 30, 2013	As Previously Reported			Adjustments to Earnings of Subsidiaries, Income from Continuing Operations and Net Income			As Revised
(in thousands)
Interest expense	$	20,573		$	(6,638	) A	$	13,935
Equity in loss of subsidiaries	$	—		$	—		$	—
(Loss) income before income tax and income from unconsolidated affiliates	$	(1,119	)	$	6,734		$	5,615
Income tax (benefit) expense	$	(550	)	$	2,787	A	$	2,237
(Loss) income from continuing operations	$	(397	)	$	3,947		$	3,550
Net (loss) income	$	(409	)	$	3,911		$	3,502
Eliminations Column for the six months ended June 30, 2013	As Previously Reported			Adjustments to Earnings of Subsidiaries, Income from Continuing Operations and Net Income			As Revised
(in thousands)
Interest expense	$	—		$	—		$	—
Equity in earnings of subsidiaries	$	(409	)	$	3,911		$	3,502
Income before income tax and income from unconsolidated affiliates	$	409		$	(3,911	)	$	(3,502	)
Income tax expense	$	—		$	—		$	—
Income (loss) from continuing operations	$	409		$	(3,911	)	$	(3,502	)
Net income	$	409		$	(3,911	)	$	(3,502	)

Reconciliation of the Amounts Previously Reported "As Revised" Stated Components of Consolidating Statements of Cash Flows

The following is a reconciliation of the amounts previously reported to the “as revised” amounts as stated in the following components of the consolidating statements of cash flows for the six months ended June 30, 2013:

Parent Column for the six months ended June 30, 2013	As Previously Reported			Adjustments for non-cash activity, distributions, dividends & intercompany			As Revised
(in thousands)
Net cash provided by operating activities	$	16,853		$	(6,638	)	$	10,215
Cash flows from investing activities: Intercompany	$	—		$	5,576	B,C	$	5,576
Net cash (used in) provided by investing activities	$	(3,159	)	$	5,576		$	2,417
Cash flows from financing activities: Intercompany	$	5,576		$	(5,576	) B,C	$	—
Net cash provided by (used in) financing activities	$	5,192		$	(5,576	)	$	(384	)
Guarantor Column for the six months ended June 30, 2013	As Previously Reported			Adjustments for non-cash activity, distributions, dividends & intercompany			As Revised
(in thousands)
Net cash provided by operating activities	$	15,036		$	6,638		$	21,674
Cash flows from investing activities: Intercompany	$	—		$	—	B,C	$	—
Net cash used in investing activities	$	(11,372	)	$	—		$	(11,372	)
Cash flows from financing activities: Intercompany	$	(5,576	)	$	—	B,C	$	(5,576	)
Net cash used in financing activities	$	(7,345	)	$	—		$	(7,345	)
Eliminations Column for the six months ended June 30, 2013	As Previously Reported			Adjustments for non-cash activity, distributions, dividends & intercompany			As Revised
(in thousands)
Net cash provided by operating activities	$	—		$	—		$	—
Cash flows from investing activities: Intercompany	$	—		$	(5,576	) B,C	$	(5,576	)
Net cash used in investing activities	$	—		$	(5,576	)	$	(5,576	)
Cash flows from financing activities: Intercompany	$	—		$	5,576	B,C	$	5,576
Net cash provided by financing activities	$	—		$	5,576		$	5,576

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	As of June 30, 2014
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	111,815		$	33,190		$	—		$	145,005
Restricted cash		408			—			—			408
Accounts receivable		9,581			6,114			(5,242	)		10,453
Inventories		769			2,967			—			3,736
Deferred income tax asset		4,693			—			(697	)		3,996
Prepaid expenses and other current assets		25,374			9,539			(19,848	)		15,065
Total current assets		152,640			51,810			(25,787	)		178,663
Property and equipment:
Land		11,864			41,902			—			53,766
Buildings and building improvements		48,163			294,551			—			342,714
Leasehold improvements		22,620			147,730			—			170,350
Assets under capital leases		8,675			40,995			—			49,670
Equipment		71,422			193,036			—			264,458
Construction in progress		7,444			5,288			—			12,732
Total property and equipment		170,188			723,502			—			893,690
Accumulated depreciation and amortization		(89,154	)		(336,091	)		—			(425,245	)
Property and equipment, net of accumulated depreciation		81,034			387,411			—			468,445
Intercompany receivables		95,776			—			(95,776	)		—
Investments in subsidiaries		178,736			—			(178,736	)		—
Goodwill		7,662			67,465			—			75,127
Intangible assets, net of accumulated amortization		—			906			—			906
Investments in unconsolidated affiliates		4,788			825			—			5,613
Deferred income tax asset		57,237			43,382			—			100,619
Other		12,220			7,284			—			19,504
Total assets	$	590,093		$	559,083		$	(300,299	)	$	848,877
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	38,466		$	10,796		$	(5,242	)	$	44,020
Accrued expenses		26,002			42,127			(20,545	)		47,584
Current maturities of capital leases and long-term financing obligations		979			7,623			—			8,602
Total current liabilities		65,447			60,546			(25,787	)		100,206
Long-term liabilities:
Long-term debt		209,655			—			—			209,655
Capital leases and long-term financing obligations, less current maturities		32,021			201,899			—			233,920
Intercompany liabilities		—			95,776			(95,776	)		—
Deferred revenue		31,248			—			—			31,248
Other		5,725			22,126			—			27,851
Total long-term liabilities		278,649			319,801			(95,776	)		502,674
Stockholders’ equity:
Preferred stock		—			—			—			—
Common stock		702			1			(1	)		702
Treasury stock		(13,397	)		—			—			(13,397	)
Paid-in capital		441,913			260,013			(260,013	)		441,913
Accumulated deficit		(183,221	)		(81,278	)		81,278			(183,221	)
Total stockholders’ equity		245,997			178,736			(178,736	)		245,997
Total liabilities and stockholders’ equity	$	590,093		$	559,083		$	(300,299	)	$	848,877

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2013
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	99,153		$	44,714		$	—		$	143,867
Restricted cash		352			—			—			352
Accounts receivable		7,282			9,138			(7,907	)		8,513
Inventories		766			2,925			—			3,691
Deferred income tax asset		4,162			—			(324	)		3,838
Prepaid expenses and other current assets		9,071			9,314			(3,740	)		14,645
Total current assets		120,786			66,091			(11,971	)		174,906
Property and equipment:
Land		12,080			41,902			—			53,982
Buildings and building improvements		48,104			292,855			—			340,959
Leasehold improvements		22,040			142,035			—			164,075
Assets under capital leases		8,675			40,995			—			49,670
Equipment		70,045			183,845			—			253,890
Construction in progress		3,613			3,588			—			7,201
Total property and equipment		164,557			705,220			—			869,777
Accumulated depreciation and amortization		(84,861	)		(317,161	)		—			(402,022	)
Property and equipment, net of accumulated depreciation		79,696			388,059			—			467,755
Intercompany receivables		112,209			—			(112,209	)		—
Investments in subsidiaries		175,042			—			(175,042	)		—
Goodwill		6,912			67,465			—			74,377
Intangible assets, net of accumulated amortization		—			957			—			957
Investments in unconsolidated affiliates		6,188			885			—			7,073
Deferred income tax asset		56,858			43,185			—			100,043
Other assets		12,922			6,588			—			19,510
Total assets	$	570,613		$	573,230		$	(299,222	)	$	844,621
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	34,766		$	16,462		$	(7,907	)	$	43,321
Accrued expenses		9,731			36,912			(4,064	)		42,579
Current maturities of capital leases and long-term financing obligations		836			6,034			—			6,870
Total current liabilities		45,333			59,408			(11,971	)		92,770
Long-term liabilities:
Long-term debt		209,619			—			—			209,619
Capital leases and long-term financing obligations, less current maturities		32,497			206,266			—			238,763
Intercompany liabilities		—			112,209			(112,209	)		—
Deferred revenue		31,827			—			—			31,827
Other		5,526			20,305			—			25,831
Total long-term liabilities		279,469			338,780			(112,209	)		506,040
Stockholders’ equity:
Preferred stock		—			—			—			—
Common stock		698			1			(1	)		698
Treasury stock		(11,914	)		—			—			(11,914	)
Paid-in capital		440,306			260,013			(260,013	)		440,306
Accumulated deficit		(183,279	)		(84,972	)		84,972			(183,279	)
Total stockholders’ equity		245,811			175,042			(175,042	)		245,811
Total liabilities and stockholders’ equity	$	570,613		$	573,230		$	(299,222	)	$	844,621

Condensed Consolidating Statement of Operations

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2014
	Carmike Cinemas, Inc.			Guarantor Subsidiaries		Eliminations			Consolidated
Revenues:
Admissions	$	16,636		$	98,480	$	—		$	115,116
Concessions and other		19,458			57,426		(9,013	)		67,871
Total operating revenues		36,094			155,906		(9,013	)		182,987
Operating costs and expenses:
Film exhibition costs		9,365			55,069		—			64,434
Concession costs		1,206			6,771		—			7,977
Salaries and benefits		3,892			19,595		—			23,487
Theatre occupancy costs		3,095			17,859		—			20,954
Other theatre operating costs		5,689			31,869		(9,013	)		28,545
General and administrative expenses		5,824			704		—			6,528
Depreciation and amortization		2,195			9,732		—			11,927
Loss on sale of property and equipment		383			12		—			395
Impairment of long-lived assets		—			—		—			—
Total operating costs and expenses		31,649			141,611		(9,013	)		164,247
Operating income		4,445			14,295		—			18,740
Interest expense		5,513			7,487		—			13,000
Equity in earnings of subsidiaries		(4,187	)		—		4,187			—
Income before income tax and (loss) income from unconsolidated affiliates		3,119			6,808		(4,187	)		5,740
Income tax (benefit) expense		(342	)		2,734		—			2,392
(Loss) income from unconsolidated affiliates		(239	)		113		—			(126	)
Net income	$	3,222		$	4,187	$	(4,187	)	$	3,222

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2013 As Revised
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	14,615		$	92,652		$	—		$	107,267
Concessions and other		17,464			53,346			(8,552	)		62,258
Total operating revenues		32,079			145,998			(8,552	)		169,525
Operating costs and expenses:
Film exhibition costs		8,112			52,720			—			60,832
Concession costs		1,124			6,559			—			7,683
Salaries and benefits		3,221			18,078			—			21,299
Theatre occupancy costs		1,729			14,293			—			16,022
Other theatre operating costs		4,463			28,001			(8,552	)		23,912
General and administrative expenses		5,425			607			—			6,032
Depreciation and amortization		1,869			8,355			—			10,224
Gain on sale of property and equipment		—			(21	)		—			(21	)
Impairment of long-lived assets		23			110			—			133
Total operating costs and expenses		25,966			128,702			(8,552	)		146,116
Operating income		6,113			17,296			—			23,409
Interest expense		5,364			6,982			—			12,346
Equity in earnings of subsidiaries		(6,635	)		—			6,635			—
Income before income tax and income from unconsolidated affiliates		7,384			10,314			(6,635	)		11,063
Income tax expense		938			3,835			—			4,773
Income from unconsolidated affiliates		253			99			—			352
Income from continuing operations		6,699			6,578			(6,635	)		6,642
(Loss) income from discontinued operations		(22	)		57			—			35
Net income	$	6,677		$	6,635		$	(6,635	)	$	6,677

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2014
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	30,873		$	181,814		$	—		$	212,687
Concessions and other		36,920			109,072			(16,769	)		129,223
Total operating revenues		67,793			290,886			(16,769	)		341,910
Operating costs and expenses:
Film exhibition costs		17,155			100,168			—			117,323
Concession costs		2,382			12,714			—			15,096
Salaries and benefits		7,519			37,502			—			45,021
Theatre occupancy costs		6,255			35,060			—			41,315
Other theatre operating costs		11,829			62,867			(16,769	)		57,927
General and administrative expenses		12,669			1,357			—			14,026
Depreciation and amortization		4,388			19,310			—			23,698
Loss (gain) on sale of property and equipment		376			(48	)		—			328
Impairment of long-lived assets		3			355			—			358
Total operating costs and expenses		62,576			269,285			(16,769	)		315,092
Operating income		5,217			21,601			—			26,818
Interest expense		11,028			15,088			—			26,116
Equity in earnings of subsidiaries		(3,932	)		—			3,932			—
(Loss) income before income tax and (loss) income from unconsolidated affiliates		(1,879	)		6,513			(3,932	)		702
Income tax (benefit) expense		(2,358	)		2,740			—			382
(Loss) income from unconsolidated affiliates		(418	)		208			—			(210	)
Income from continuing operations		61			3,981			(3,932	)		110
Loss from discontinued operations		(3	)		(49	)		—			(52	)
Net income	$	58		$	3,932		$	(3,932	)	$	58

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2013 As Revised
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	25,764		$	162,558		$	—		$	188,322
Concessions and other		31,370			94,139			(15,023	)		110,486
Total operating revenues		57,134			256,697			(15,023	)		298,808
Operating costs and expenses:
Film exhibition costs		14,096			89,752			—			103,848
Concession costs		2,015			11,596			—			13,611
Salaries and benefits		6,108			33,555			—			39,663
Theatre occupancy costs		3,360			27,876			—			31,236
Other theatre operating costs		9,654			53,075			(15,023	)		47,706
General and administrative expenses		10,854			1,193			—			12,047
Lease termination charges		—			3,063			—			3,063
Depreciation and amortization		3,745			16,680			—			20,425
Loss on sale of property and equipment		4			55			—			59
Impairment of long-lived assets		23			302			—			325
Total operating costs and expenses		49,859			237,147			(15,023	)		271,983
Operating income		7,275			19,550			—			26,825
Interest expense		10,710			13,935			—			24,645
Equity in earnings of subsidiaries		(3,502	)		—			3,502			—
Income before income tax and (loss) income from unconsolidated affiliates		67			5,615			(3,502	)		2,180
Income tax (benefit) expense		(1,717	)		2,237			—			520
(Loss) income from unconsolidated affiliates		(835	)		172			—			(663	)
Income from continuing operations		949			3,550			(3,502	)		997
Loss from discontinued operations		(55	)		(48	)		—			(103	)
Net income	$	894		$	3,502		$	(3,502	)	$	894

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Six Months Ended June 30, 2014
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by operating activities	$	546		$	26,850		$	—		$	27,396
Cash flows from investing activities:
Purchases of property and equipment		(2,651	)		(18,931	)		—			(21,582	)
Proceeds from sale of property and equipment		232			41			—			273
Intercompany receivable		16,450			—			(16,450	)		—
Investment in unconsolidated affiliates		—			(5	)		—			(5	)
Other investing activities		(56	)		—			—			(56	)
Net cash provided by (used in) investing activities		13,975			(18,895	)		(16,450	)		(21,370	)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations		(394	)		(3,029	)		—			(3,423	)
Proceeds from sale of stock options		18			—			—			18
Purchase of treasury stock		(1,483	)		—			—			(1,483	)
Intercompany payable		—			(16,450	)		16,450			—
Net cash used in financing activities		(1,859	)		(19,479	)		16,450			(4,888	)
Increase in cash and cash equivalents		12,662			(11,524	)		—			1,138
Cash and cash equivalents at beginning of period		99,153			44,714			—			143,867
Cash and cash equivalents at end of period	$	111,815		$	33,190		$	—		$	145,005

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Six Months Ended June 30, 2013 As Revised
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by operating activities	$	10,215		$	21,674		$	—		$	31,889
Cash flows from investing activities:
Purchases of property and equipment		(3,444	)		(10,247	)		—			(13,691	)
Theatre acquistions		—			(1,349	)		—			(1,349	)
Proceeds from sale of property and equipment		5			224			—			229
Intercompany receivable		5,576			—			(5,576	)		—
Other investing activities		280			—			—			280
Net cash provided by (used in) investing activities		2,417			(11,372	)		(5,576	)		(14,531	)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations		(210	)		(1,769	)		—			(1,979	)
Purchase of treasury stock		(174	)		—			—			(174	)
Intercompany payable		—			(5,576	)		5,576			—
Net cash used in financing activities		(384	)		(7,345	)		5,576			(2,153	)
Increase in cash and cash equivalents		12,248			2,957			—			15,205
Cash and cash equivalents at beginning of period		49,093			19,438			—			68,531
Cash and cash equivalents at end of period	$	61,341		$	22,395		$	—		$	83,736