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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2014
Digital Cinema Destinations Corp [Member]  
Summary of the Preliminary Purchase Price

The following table summarizes the preliminary purchase price for Digiplex:

 

Number of shares of Digiplex common stock outstanding at August 15, 2014

     7,832   

Exchange ratio

     0.1765   

Number of shares of Carmike common stock—as exchanged

     1,382   

Carmike common stock price on August 15, 2014

   $ 34.20   
  

 

 

 

Estimated fair value of 1.4 million common shares issued per merger agreement

   $ 47,274   

Cash settlement of Start Media joint venture

     10,978   

Cash settlement of shares held in escrow

     181   
  

 

 

 

Total preliminary estimated acquisition consideration

   $ 58,433   
  

 

 

Summary of the Purchase Price and Purchase Price Allocation Based on Fair Value of Net Assets Acquired

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

 

     Digiplex  

Total purchase price, net of cash received

   $ 58,004   
  

 

 

 

Accounts receivable

     515   

Other current assets

     266   

Property and equipment

     26,228   

Intangible assets

     2,190   

Other assets

     521   

Deferred tax assets

     9,776   

Accounts payable

     (3,359

Accrued expenses

     (3,730

Unfavorable lease obligations

     (5,980

Capital leases assumed

     (850

Assumption of Northlight term loan

     (9,099
  

 

 

 

Net assets acquired

     16,478   
  

 

 

 

Goodwill

   $ 41,526   
Summary of Selected Unaudited Pro Forma Results of Operations Information

The following selected comparative unaudited pro forma results of operations information for the years ended December 31, 2014 and 2013 assumes the Digiplex acquisition occurred at the beginning of fiscal year 2013, and reflects the full results of operations for the periods presented.  

     Pro Forma Year Ended
December 31,
 
     2014     2013  

Revenues

   $ 733,923      $ 677,468   

Operating income

   $ 40,763      $ 59,676   

Net (loss) income

   $ (11,716   $ 3,941   

(Loss) income per share:

    

Basic

   $ (0.50   $ 0.20   

Diluted

   $ (0.50   $ 0.20   
Muvico Entertainment, L.L.C [Member]  
Summary of the Purchase Price and Purchase Price Allocation Based on Fair Value of Net Assets Acquired

The following table summarizes the 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 contingent consideration

     750   
  

 

 

 

Fair value of total consideration transferred

   $ 50,459   
  

 

 

 

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

     24,443   
  

 

 

 

Purchase price

   $ 50,459   
Summary of Selected Unaudited Pro Forma Results of Operations Information

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

   $ 4,692       $ 97,595   

Income per share:

     

Basic

   $ 0.24       $ 6.19   

Diluted

   $ 0.23       $ 6.07   
Rave Reviews Cinemas, L.L.C [Member]  
Summary of the Purchase Price and Purchase Price Allocation Based on 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   
  

 

 

 
Summary of Selected Unaudited Pro Forma Results of Operations Information

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