Subsequent Events

12 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

SUBSEQUENT EVENTS

In January 2016, the Company acquired two theatres and 22 screens from a subsidiary of AMC for approximately $5,390. The acquisition supports the Company's growth strategy. Acquisition costs related to this transaction were not significant to the Company's consolidated financial statements. Due to the proximity of the acquisition to the issuance of these consolidated financial statements, the Company has not completed the purchase price accounting for this transaction.

In February 2016, the Company amended a master lease agreement consisting of five theatres and 84 screens. The amendment extends the term of the master lease agreement for 15 years, exclusive of any option periods. The estimated fair value of the five theatres is $74,100. These fair value estimates are considered Level 3 estimates within the fair value hierarchy and were derived primarily from discounting estimated future cash flows and market values of comparable properties. The Company has not completed its evaluation of the impact of this amendment to its consolidated financial statements.