Guarantor Subsidiaries (Tables)

9 Months Ended

Sep. 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 September 30, 2013:

Parent Column for the three months ended September 30, 2013	As Previously Reported		Adjustments to Earnings of Subsidiaries, Income from Continuing Operations and Net Income			As Revised
(in thousands)
Interest expense	$	2,073	$	3,322	A	$	5,395
Equity in loss (earnings) of subsidiaries	$	141	$	(2,288	)	$	(2,147	)
Income (loss) before income tax and income from unconsolidated affiliates	$	560	$	(1,032	)	$	(472	)
Income tax expense (benefit)	$	508	$	(1,008	) A	$	(500	)
Income from continuing operations	$	1,077	$	(24	)	$	1,053
Net income	$	1,009	$	—		$	1,009

Guarantor Column for the three months ended September 30, 2013	As Previously Reported			Adjustments to Earnings of Subsidiaries, Income from Continuing Operations and Net Income			As Revised
(in thousands)
Interest expense	$	10,280		$	(3,322	) A	$	6,958
Equity in loss of subsidiaries	$	—		$	—		$	—
Income before income tax and income from unconsolidated affiliates	$	473		$	3,296		$	3,769
Income tax expense	$	745		$	998	A	$	1,743
(Loss) income from continuing operations	$	(152	)	$	2,298		$	2,146
Net (loss) income	$	(141	)	$	2,288		$	2,147

Eliminations Column for the three months ended September 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 (earnings) of subsidiaries	$	(141	)	$	2,288		$	2,147
Income (loss) before income tax and income from unconsolidated affiliates	$	141		$	(2,288	)	$	(2,147	)
Income tax expense	$	—		$	—		$	—
Income (loss) from continuing operations	$	141		$	(2,288	)	$	(2,147	)
Net income (loss)	$	141		$	(2,288	)	$	(2,147	)

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 nine months ended September 30, 2013:

Parent Column for the nine months ended September 30, 2013	As Previously Reported		Adjustments to Earnings of Subsidiaries, Income from Continuing Operations and Net Income			As Revised
(in thousands)
Interest expense	$	6,145	$	9,959	A	$	16,104
Equity in loss (earnings) of subsidiaries	$	550	$	(6,199	)	$	(5,649	)
Income (loss) before income tax and income from unconsolidated affiliates	$	3,353	$	(3,760	)	$	(407	)
Income tax expense (benefit)	$	1,517	$	(3,669	) A	$	(2,152	)
Income from continuing operations	$	2,027	$	(91	)	$	1,936
Net income	$	1,902	$	—		$	1,902

Guarantor Column for the nine months ended September 30, 2013	As Previously Reported			Adjustments to Earnings of Subsidiaries, Income from Continuing Operations and Net Income			As Revised
(in thousands)
Interest expense	$	30,853		$	(9,959	) A	$	20,894
Equity in loss of subsidiaries	$	—		$	—		$	—
(Loss) income before income tax and income from unconsolidated affiliates	$	(645	)	$	10,030		$	9,385
Income tax expense	$	216		$	3,696	A	$	3,912
(Loss) income from continuing operations	$	(570	)	$	6,334		$	5,764
Net (loss) income	$	(550	)	$	6,199		$	5,649

Eliminations Column for the nine months ended September 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) loss of subsidiaries	$	(550	)	$	6,199		$	5,649
Income (loss) before income tax and income from unconsolidated affiliates	$	550		$	(6,199	)	$	(5,649	)
Income tax expense	$	—		$	—		$	—
Income (loss) from continuing operations	$	550		$	(6,199	)	$	(5,649	)
Net income (loss)	$	550		$	(6,199	)	$	(5,649	)

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 nine months ended September 30, 2013:

Parent Column for the nine months ended September 30, 2013	As Previously Reported			Adjustments for non-cash activity, distributions, dividends & intercompany			As Revised
(in thousands)
Net cash provided by operating activities	$	10,121		$	(9,959	)	$	162
Cash flows from investing activities: Intercompany	$	—		$	358	B,C	$	358
Net cash used in investing activities	$	(8,040	)	$	358		$	(7,682	)
Cash flows from financing activities: Intercompany	$	358		$	(358	) B,C	$	—
Net cash provided by financing activities	$	87,883		$	(358	)	$	87,525

Guarantor Column for the nine months ended September 30, 2013	As Previously Reported			Adjustments for non-cash activity, distributions, dividends & intercompany			As Revised
(in thousands)
Net cash provided by operating activities	$	23,228		$	9,959		$	33,187
Cash flows from investing activities: Intercompany	$	—		$	—	B,C	$	—
Net cash used in investing activities	$	(28,055	)	$	—		$	(28,055	)
Cash flows from financing activities: Intercompany	$	(358	)	$	—	B,C	$	(358	)
Net cash used in financing activities	$	(3,066	)	$	—		$	(3,066	)

Eliminations Column for the nine months ended September 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	$	—	$	(358	) B,C	$	(358	)
Net cash used in investing activities	$	—	$	(358	)	$	(358	)
Cash flows from financing activities: Intercompany	$	—	$	358	B,C	$	358
Net cash provided by financing activities	$	—	$	358		$	358

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	As of September 30, 2014
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash and cash equivalents	$	72,765		$	23,474		$	—		$	96,239
Restricted cash		451			—			—			451
Accounts receivable		12,031			6,214			(5,278	)		12,967
Inventories		656			2,721			—			3,377
Deferred income tax asset		4,693			—			(697	)		3,996
Prepaid expenses and other current assets		25,748			10,252			(17,938	)		18,062
Total current assets		116,344			42,661			(23,913	)		135,092
Property and equipment:
Land		11,534			42,029			—			53,563
Buildings and building improvements		46,315			298,152			—			344,467
Leasehold improvements		23,055			154,416			—			177,471
Assets under capital leases		8,675			41,723			—			50,398
Equipment		71,646			206,898			—			278,544
Construction in progress		7,179			9,239			—			16,418
Total property and equipment		168,404			752,457			—			920,861
Accumulated depreciation and amortization		(89,280	)		(339,994	)		—			(429,274	)
Property and equipment, net of accumulated depreciation		79,124			412,463			—			491,587
Intercompany receivables		123,890			—			(123,890	)		—
Investments in subsidiaries		185,034			—			(185,034	)		—
Goodwill		46,946			81,263			—			128,209
Intangible assets, net of accumulated amortization		75			3,071			—			3,146
Investments in unconsolidated affiliates		4,947			916			—			5,863
Deferred income tax asset		54,784			50,489			—			105,273
Other		11,868			7,263			—			19,131
Total assets	$	623,012		$	598,126		$	(332,837	)	$	888,301
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	27,935		$	9,127		$	(5,278	)	$	31,784
Accrued expenses		31,096			43,428			(18,635	)		55,889
Current maturities of capital leases and long-term financing obligations		1,077			7,952			—			9,029
Total current liabilities		60,108			60,507			(23,913	)		96,702
Long-term liabilities:
Long-term debt		209,673			(1	)		—			209,672
Capital leases and long-term financing obligations, less current maturities		31,739			200,832			—			232,571
Intercompany liabilities		—			123,890			(123,890	)		—
Deferred revenue		30,959			—			—			30,959
Other		3,170			27,864			—			31,034
Total long-term liabilities		275,541			352,585			(123,890	)		504,236
Stockholders’ equity:
Preferred stock		—			—			—			—
Common stock		744			1			(1	)		744
Treasury stock		(13,397	)		—			—			(13,397	)
Paid-in capital		489,994			269,635			(269,635	)		489,994
Accumulated deficit		(189,978	)		(84,602	)		84,602			(189,978	)
Total stockholders’ equity		287,363			185,034			(185,034	)		287,363
Total liabilities and stockholders’ equity	$	623,012		$	598,126		$	(332,837	)	$	888,301

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 September 30, 2014
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	13,706		$	86,467		$	—		$	100,173
Concessions and other		17,146			53,351			(8,038	)		62,459
Total operating revenues		30,852			139,818			(8,038	)		162,632
Operating costs and expenses:
Film exhibition costs		7,573			47,125			—			54,698
Concession costs		1,068			6,250			—			7,318
Salaries and benefits		3,650			19,297			—			22,947
Theatre occupancy costs		3,123			18,659			—			21,782
Other theatre operating costs		5,652			33,743			(8,038	)		31,357
General and administrative expenses		7,397			1,016			—			8,413
Depreciation and amortization		2,188			10,018			—			12,206
(Gain) loss on sale of property and equipment		(203	)		495			—			292
Impairment of long-lived assets		17			1,181			—			1,198
Total operating costs and expenses		30,465			137,784			(8,038	)		160,211
Operating income		387			2,034			—			2,421
Interest expense		5,489			7,357			—			12,846
Equity in loss of subsidiaries		3,334			—			(3,334	)		—
Loss before income tax and income from unconsolidated affiliates		(8,436	)		(5,323	)		3,334			(10,425	)
Income tax benefit		(1,032	)		(1,880	)		—			(2,912	)
Income from unconsolidated affiliates		647			109			—			756
Loss from continuing operations		(6,757	)		(3,334	)		3,334			(6,757	)
Loss from discontinued operations		—			—			—			—
Net loss	$	(6,757	)	$	(3,334	)	$	3,334		$	(6,757	)

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended September 30, 2013 As Revised
	Carmike Cinemas, Inc.			Guarantor Subsidiaries		Eliminations			Consolidated
Revenues:
Admissions	$	13,286		$	89,035	$	—		$	102,321
Concessions and other		17,035			53,114		(8,291	)		61,858
Total operating revenues		30,321			142,149		(8,291	)		164,179
Operating costs and expenses:
Film exhibition costs		7,570			48,672		—			56,242
Concession costs		1,159			7,124		—			8,283
Salaries and benefits		3,363			18,516		—			21,879
Theatre occupancy costs		2,131			14,820		—			16,951
Other theatre operating costs		5,231			30,154		(8,291	)		27,094
General and administrative expenses		6,049			572		—			6,621
Severance agreement charges		102			—		—			102
Depreciation and amortization		1,942			8,635		—			10,577
(Gain) loss on sale of property and equipment		(2	)		13		—			11
Impairment of long-lived assets		—			2,916		—			2,916
Total operating costs and expenses		27,545			131,422		(8,291	)		150,676
Operating income		2,776			10,727		—			13,503
Interest expense		5,395			6,958		—			12,353
Equity in loss of subsidiaries		(2,147	)		—		2,147			—
Income before income tax and income from unconsolidated affiliates		(472	)		3,769		(2,147	)		1,150
Income tax (benefit) expense		(500	)		1,743		—			1,243
Income from unconsolidated affiliates		1,025			120		—			1,145
Income from continuing operations		1,053			2,146		(2,147	)		1,052
(Loss) income from discontinued operations		(44	)		1		—			(43	)
Net income (loss)	$	1,009		$	2,147	$	(2,147	)	$	1,009

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Nine Months Ended September 30, 2014
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	44,578		$	268,282		$	—		$	312,860
Concessions and other		54,066			162,423			(24,807	)		191,682
Total operating revenues		98,644			430,705			(24,807	)		504,542
Operating costs and expenses:
Film exhibition costs		24,728			147,293			—			172,021
Concession costs		3,451			18,963			—			22,414
Salaries and benefits		11,169			56,799			—			67,968
Theatre occupancy costs		9,378			53,719			—			63,097
Other theatre operating costs		17,483			96,609			(24,807	)		89,285
General and administrative expenses		20,066			2,373			—			22,439
Depreciation and amortization		6,575			29,328			—			35,903
Loss on sale of property and equipment		173			447			—			620
Impairment of long-lived assets		20			1,536			—			1,556
Total operating costs and expenses		93,043			407,067			(24,807	)		475,303
Operating income		5,601			23,638			—			29,239
Interest expense		16,517			22,445			—			38,962
Equity in earnings of subsidiaries		(598	)		—			598			—
(Loss) income before income tax and income from unconsolidated affiliates		(10,318	)		1,193			(598	)		(9,723	)
Income tax (benefit) expense		(3,390	)		860			—			(2,530	)
Income from unconsolidated affiliates		229			317			—			546
(Loss) income from continuing operations		(6,699	)		650			(598	)		(6,647	)
Loss from discontinued operations		—			(52	)		—			(52	)
Net (loss) income	$	(6,699	)	$	598		$	(598	)	$	(6,699	)

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	Nine Months Ended September 30, 2013 As Revised
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Admissions	$	39,050		$	251,593		$	—		$	290,643
Concessions and other		48,404			147,253			(23,313	)		172,344
Total operating revenues		87,454			398,846			(23,313	)		462,987
Operating costs and expenses:
Film exhibition costs		21,666			138,424			—			160,090
Concession costs		3,175			18,720			—			21,895
Salaries and benefits		9,472			52,070			—			61,542
Theatre occupancy costs		5,491			42,696			—			48,187
Other theatre operating costs		14,884			83,229			(23,313	)		74,800
General and administrative expenses		16,903			1,765			—			18,668
Lease termination charges		—			3,063			—			3,063
Severance agreement charges		102			—			—			102
Depreciation and amortization		5,687			25,315			—			31,002
Loss on sale of property and equipment		3			67			—			70
Impairment of long-lived assets		23			3,218			—			3,241
Total operating costs and expenses		77,406			368,567			(23,313	)		422,660
Operating income		10,048			30,279			—			40,327
Interest expense		16,104			20,894			—			36,998
Equity in loss of subsidiaries		(5,649	)		—			5,649			—
Income (loss) before income tax and income from unconsolidated affiliates		(407	)		9,385			(5,649	)		3,329
Income tax (benefit) expense		(2,152	)		3,912			—			1,760
Income from unconsolidated affiliates		191			291			—			482
Income from continuing operations		1,936			5,764			(5,649	)		2,051
Loss from discontinued operations		(34	)		(115	)		—			(149	)
Net income	$	1,902		$	5,649		$	(5,649	)	$	1,902

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Nine Months Ended September 30, 2014
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Net cash (used in) provided by operating activities		(8,041	)		26,593			—			18,552
Cash flows from investing activities:
Purchases of property and equipment		(3,740	)		(31,736	)		—			(35,476	)
Acquired cash in Digiplex acquisition		—			429			—			429
Theatre acquisitions, net of cash acquired		(2,338	)		(14,237	)		—			(16,575	)
Investment in unconsolidated affiliates		—			(109	)		—			(109	)
Proceeds from sale of property and equipment		1,367			41			—			1,408
Intercompany receivable/payable		(11,485	)		—			11,485			—
Other investing activities		(99	)		—			—			(99	)
Net cash used in investing activities		(16,295	)		(45,612	)		11,485			(50,422	)
Cash flows from financing activities:
Short-term borrowings		—			—			—			—
Repayments of short term borrowings		—			—			—			—
Issuance of long-term debt		—			—			—			—
Repayments of long-term debt		—			(9,099	)		—			(9,099	)
Debt issuance costs		—			—			—			—
Repayments of capital leases and long-term financing obligations		(610	)		(4,607	)		—			(5,217	)
Issuance of common stock		23			—			—			23
Proceeds from Sale of Stock Option		18									18
Purchase of treasury stock		(1,483	)		—			—			(1,483	)
Intercompany receivable/payable		—			11,485			(11,485	)		—
Net cash used in financing activities		(2,052	)		(2,221	)		(11,485	)		(15,758	)
Decrease in cash and cash equivalents		(26,388	)		(21,240	)		—			(47,628	)
Cash and cash equivalents at beginning of period		99,153			44,714			—			143,867
Cash and cash equivalents at end of period		72,765			23,474			—			96,239

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	For the Nine Months Ended September 30, 2013, As Revised
	Carmike Cinemas, Inc.			Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by operating activities		162			33,187			—			33,349
Cash flows from investing activities:
Purchases of property and equipment		(4,449	)		(20,299	)		—			(24,748	)
Theatre acquisitions		(3,828	)		(8,490	)		—			(12,318	)
Proceeds from sale of property and equipment		6			734			—			740
Intercompany receivable		358			—			(358	)		—
Other investing activities		231			—			—			231
Net cash used in investing activities		(7,682	)		(28,055	)		(358	)		(36,095	)
Cash flows from financing activities:
Repayments of capital leases and long-term financing obligations		(344	)		(2,708	)		—			(3,052	)
Issuance of common stock		88,043			—						88,043
Purchase of treasury stock		(174	)		—			—			(174	)
Intercompany payable		—			(358	)		358			—
Net cash provided by (used in) financing activities		87,525			(3,066	)		358			84,817
Increase in cash and cash equivalents		80,005			2,066			—			82,071
Cash and cash equivalents at beginning of period		49,093			19,438			—			68,531
Cash and cash equivalents at end of period		129,098			21,504			—			150,602