Discontinued Operations

6 Months Ended

Jun. 30, 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. During the three and six months ended June 30, 2015, the Company closed three and six theatres, respectively. The Company did not close any theatres during the three and six months ended June 30, 2014. The Company has not classified any closed theatres as discontinued operations subsequent to its adoption of ASU 2014-08 in 2014. All activity classified as discontinued operations during the six months ended June 30, 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 and six months ended June 30, 2015 and 2014:

	Three Months Ended June 30,
	2015		2014
Revenue from discontinued operations	$	—	$	—
Operating income before income taxes	$	—	$	—
Income tax expense from discontinued operations		—		—
Gain on disposal, before income taxes		—		—
Income tax expense on disposal		—		—
Loss from discontinued operations	$	—	$	—
	Six Months Ended June 30,
	2015		2014
Revenue from discontinued operations	$	—	$	1
Operating loss before income taxes	$	—	$	(86	)
Income tax benefit from discontinued operations		—		34
Gain on disposal, before income taxes		—		—
Income tax expense on disposal		—		—
Loss from discontinued operations	$	—	$	(52	)