Discontinued Operations

3 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

NOTE 7—DISCONTINUED OPERATIONS

Theatres are generally considered for closure due to an expiring lease, underperformance, or the opportunity to better deploy invested capital. The Company closed three theatres during the three months ended March 31, 2015. The Company did not close any theatres during the three months ended March 31, 2014 and did not close any theatres during 2014 prior to the adoption of ASU 2014-08. Therefore the Company did not classify any closed theatres as discontinued operations during the three months ended March 31, 2015 and 2014. All activity classified as discontinued operations during the three months ended March 31, 2014 pertains to theatres closed prior to fiscal year 2014. The results of operations, including gains and losses on disposal, and cash flows of theatres classified as discontinued operations have been eliminated from the Company’s continuing operations, and the Company will not have any continuing involvement in its operations.

All activity from prior years included in the accompanying consolidated statements of operations has been reclassified to separately reflect the results of operations from 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 months ended March 31, 2015 and 2014:

	Three Months Ended March 31,
	2015		2014
Revenue from discontinued operations	$	—	$	1
Operating loss before income taxes	$	—	$	(86	)
Income tax benefit from discontinued operations		—		34
Loss on disposal, before income taxes		—		—
Income tax benefit on disposal		—		—
Loss from discontinued operations	$	—	$	(52	)