Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

NOTE 18—QUARTERLY RESULTS (UNAUDITED)

The following tables set forth certain unaudited results of operations for each quarter during 2014 and 2013. The unaudited information has been prepared on the same basis as the annual consolidated financial statements and includes all adjustments which management considers necessary for a fair presentation of the financial data shown. The operating results for any quarter are not necessarily indicative of the results to be attained for any future period. Basic and diluted (loss) income per share is computed independently for each of the periods presented. Accordingly, the sum of the quarterly (loss) income per share may not agree to the total for the year.


	1^st Quarter			2^nd Quarter		3^rd Quarter ⁽²⁾			4^th Quarter ⁽²⁾			Total
Year ended December 31, 2014
Total revenues from continuing operations	$	158,924		$	182,987	$	162,631		$	185,387		$	689,929
Operating income from continuing operations		8,079			18,740		2,422			11,803			41,044
Net (loss) income	$	(3,164	)	$	3,222	$	(6,757	)	$	(2,243	)	$	(8,942	)
Net (loss) income per common share:
Basic	$	(0.14	)	$	0.14	$	(0.29	)	$	(0.09	)	$	(0.38	)
Diluted	$	(0.14	)	$	0.14	$	(0.29	)	$	(0.09	)	$	(0.38	)


	1^st Quarter ⁽¹⁾			2^nd Quarter ⁽¹⁾		3^rd Quarter ⁽¹⁾⁽²⁾		4^th Quarter ⁽¹⁾⁽²⁾		Total
Year ended December 31, 2013
Total revenues from continuing operations	$	129,283		$	169,525	$	164,179	$	171,848	$	634,835
Operating income from continuing operations		3,417			23,409		13,503		19,225		59,554
Net (loss) income	$	(5,783	)	$	6,677	$	1,009	$	3,850	$	5,753
Net (loss) income per common share:
Basic	$	(0.33	)	$	0.38	$	0.05	$	0.17	$	0.29
Diluted	$	(0.33	)	$	0.37	$	0.05	$	0.16	$	0.29

(1)	In connection with reporting for discontinued operations, the Company has reclassified the quarterly results.

(2)	In connection with the asset impairment valuations, the Company recognized additional impairment charges attributable to underperforming assets in the third and fourth quarter of 2014 of $1,198 and $1,655, respectively, and the third quarter of 2013 of $2,974.

(3)	In connection with the closure of an underperforming theatre prior to the end of its lease term and the early termination of a lease agreement for a new build-to-suit theatre, the Company recognized lease termination charges of $3,063 in the first quarter of 2013.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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