Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Feb. 13, 2015 | |
Entity Registrant Name | AMC ENTERTAINMENT HOLDINGS, INC. | |
Entity Central Index Key | 1411579 | |
Document Type | 10-K | |
Document Period End Date | 31-Dec-14 | |
Amendment Flag | FALSE | |
Current Fiscal Year End Date | -19 | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Public Float | $564,446,560 | |
Document Fiscal Year Focus | 2014 | |
Document Fiscal Period Focus | FY | |
Class A common stock | ||
Entity Common Stock, Shares Outstanding | 21,575,532 | |
Class B common stock | ||
Entity Common Stock, Shares Outstanding | 75,826,927 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 4 Months Ended | 12 Months Ended | 5 Months Ended | |
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 |
Revenues | ||||
Admissions | $548,632,000 | $1,765,388,000 | $1,847,327,000 | |
Food and beverage | 229,739,000 | 797,735,000 | 786,912,000 | |
Other theatre | 33,121,000 | 132,267,000 | 115,189,000 | |
Total revenues | 811,492,000 | 2,695,390,000 | 2,749,428,000 | |
Operating costs and expenses | ||||
Film exhibition costs | 291,561,000 | 934,246,000 | 976,912,000 | |
Food and beverage costs | 30,545,000 | 111,991,000 | 107,325,000 | |
Operating expense | 230,434,000 | 733,338,000 | 726,641,000 | |
Rent | 143,374,000 | 455,239,000 | 451,828,000 | |
General and administrative: | ||||
Merger, acquisition and transaction costs | 3,366,000 | 1,161,000 | 2,883,000 | |
Other | 29,110,000 | 64,873,000 | 97,288,000 | |
Depreciation and amortization | 71,633,000 | 216,321,000 | 197,537,000 | |
Impairment of long-lived assets | 0 | 3,149,000 | ||
Operating costs and expenses | 800,023,000 | 2,520,318,000 | 2,560,414,000 | |
Operating income | 11,469,000 | 175,072,000 | 189,014,000 | |
Other expense (income) | ||||
Other expense (income) | 49,000 | -8,344,000 | -1,415,000 | |
Interest expense: | ||||
Corporate borrowings | 45,259,000 | 111,072,000 | 129,963,000 | |
Capital and financing lease obligations | 1,873,000 | 9,867,000 | 10,264,000 | |
Equity in (earnings) losses of non-consolidated entities | 2,480,000 | -26,615,000 | -47,435,000 | |
Investment expense (income) | 290,000 | -8,145,000 | -2,084,000 | |
Total other expense | 49,951,000 | 77,835,000 | 89,293,000 | |
Earnings (loss) from continuing operations before income taxes | -38,482,000 | 97,237,000 | 99,721,000 | |
Income tax provision (benefit) | 3,500,000 | 33,470,000 | -263,383,000 | |
Earnings (loss) from continuing operations | -41,982,000 | 63,767,000 | 363,104,000 | |
Gain (loss) from discontinued operations, net of income taxes | -688,000 | 313,000 | 1,296,000 | |
Net earnings (loss) | -42,670,000 | 64,080,000 | 364,400,000 | |
Basic earnings (loss) per share: | ||||
Earnings (loss) from continuing operations (in dollars per share) | ($0.56) | $0.65 | $4.74 | |
Earnings (loss) from discontinued operations (in dollars per share) | ($0.01) | $0.01 | $0.02 | |
Basic earnings (loss) per share (in dollars per share) | ($0.57) | $0.66 | $4.76 | |
Average shares outstanding-Basic (in shares) | 74,988 | 97,506 | 76,527 | |
Diluted earnings (loss) per share: | ||||
Earnings (loss) from continuing operations (in dollars per share) | ($0.56) | $0.65 | $4.74 | |
Earnings (loss) from discontinued operations (in dollars per share) | ($0.01) | $0.01 | $0.02 | |
Diluted earnings (loss) per share (in dollars per share) | ($0.57) | $0.66 | $4.76 | |
Average shares outstanding-Diluted (in shares) | 74,988 | 97,700 | 76,527 | |
Dividends declared per basic and diluted common share | $0.60 | |||
Predecessor | ||||
Revenues | ||||
Admissions | 816,031,000 | |||
Food and beverage | 342,130,000 | |||
Other theatre | 47,911,000 | |||
Total revenues | 1,206,072,000 | |||
Operating costs and expenses | ||||
Film exhibition costs | 436,539,000 | |||
Food and beverage costs | 47,326,000 | |||
Operating expense | 297,328,000 | |||
Rent | 189,086,000 | |||
General and administrative: | ||||
Merger, acquisition and transaction costs | 4,417,000 | |||
Management fee | 2,500,000 | |||
Other | 27,023,000 | |||
Depreciation and amortization | 80,971,000 | |||
Operating costs and expenses | 1,085,190,000 | |||
Operating income | 120,882,000 | |||
Other expense (income) | ||||
Other expense (income) | 960,000 | |||
Interest expense: | ||||
Corporate borrowings | 67,614,000 | |||
Capital and financing lease obligations | 2,390,000 | |||
Equity in (earnings) losses of non-consolidated entities | -7,545,000 | |||
Investment expense (income) | -41,000 | |||
Total other expense | 63,378,000 | |||
Earnings (loss) from continuing operations before income taxes | 57,504,000 | |||
Income tax provision (benefit) | 2,500,000 | |||
Earnings (loss) from continuing operations | 55,004,000 | |||
Gain (loss) from discontinued operations, net of income taxes | 35,153,000 | |||
Net earnings (loss) | $90,157,000 | |||
Basic earnings (loss) per share: | ||||
Earnings (loss) from continuing operations (in dollars per share) | $0.87 | |||
Earnings (loss) from discontinued operations (in dollars per share) | $0.55 | |||
Basic earnings (loss) per share (in dollars per share) | $1.42 | |||
Average shares outstanding-Basic (in shares) | 63,335 | |||
Diluted earnings (loss) per share: | ||||
Earnings (loss) from continuing operations (in dollars per share) | $0.86 | |||
Earnings (loss) from discontinued operations (in dollars per share) | $0.55 | |||
Diluted earnings (loss) per share (in dollars per share) | $1.41 | |||
Average shares outstanding-Diluted (in shares) | 63,715 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $) | 4 Months Ended | 12 Months Ended | 5 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 |
Net earnings (loss) | ($42,670) | $64,080 | $364,400 | |
Foreign currency translation adjustment, net of tax | -530 | 978 | 179 | |
Pension and other benefit adjustments: | ||||
Net gain (loss) arising during the period, net of tax | 7,279 | -13,543 | 4,510 | |
Prior service credit arising during the period, net of tax | 9,271 | |||
Amortization of net (gain) loss included in net periodic benefit costs, net of tax | -844 | -78 | ||
Amortization of prior service credit included in net periodic benefit costs, net of tax | -1,016 | |||
Settlement, net of tax | -15 | |||
Unrealized gain (loss) on marketable securities | ||||
Unrealized holding gain (loss) arising during the period, net of tax | 1,915 | 2,627 | -1,622 | |
Less: reclassification adjustment for (gain) loss included in investment expense (income), net of tax | -2 | -31 | 925 | |
Unrealized gain from equity method investees' cash flow hedge: | ||||
Unrealized holding gain (loss) arising during the period, net of tax | 797 | -59 | 2,085 | |
Holding (gains) losses reclassified to equity in earnings of non-consolidated entities, net of tax | 528 | -510 | ||
Other comprehensive income (loss) | 9,444 | -11,360 | 14,760 | |
Total comprehensive income (loss) | -33,226 | 52,720 | 379,160 | |
Predecessor | ||||
Net earnings (loss) | 90,157 | |||
Foreign currency translation adjustment, net of tax | 11,935 | |||
Pension and other benefit adjustments: | ||||
Prior service credit arising during the period, net of tax | 771 | |||
Amortization of net (gain) loss included in net periodic benefit costs, net of tax | 987 | |||
Amortization of prior service credit included in net periodic benefit costs, net of tax | -448 | |||
Unrealized gain (loss) on marketable securities | ||||
Unrealized holding gain (loss) arising during the period, net of tax | -4,167 | |||
Less: reclassification adjustment for (gain) loss included in investment expense (income), net of tax | -44 | |||
Unrealized gain from equity method investees' cash flow hedge: | ||||
Other comprehensive income (loss) | 9,034 | |||
Total comprehensive income (loss) | $99,191 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Current assets: | ||
Cash and equivalents | $218,206,000 | $546,454,000 |
Receivables, net | 99,252,000 | 106,148,000 |
Deferred tax asset | 107,938,000 | 110,097,000 |
Other current assets | 84,343,000 | 80,824,000 |
Total current assets | 509,739,000 | 843,523,000 |
Property, net | 1,247,230,000 | 1,179,754,000 |
Intangible assets, net | 225,515,000 | 234,319,000 |
Goodwill | 2,289,800,000 | 2,289,800,000 |
Deferred tax asset | 73,844,000 | 96,824,000 |
Other long-term assets | 417,604,000 | 402,504,000 |
Total assets | 4,763,732,000 | 5,046,724,000 |
Current liabilities: | ||
Accounts payable | 262,635,000 | 268,163,000 |
Accrued expenses and other liabilities | 136,262,000 | 170,920,000 |
Deferred revenues and income | 213,882,000 | 202,833,000 |
Current maturities of corporate borrowings and capital and financing lease obligations | 23,598,000 | 16,080,000 |
Total current liabilities | 636,377,000 | 657,996,000 |
Corporate borrowings | 1,775,132,000 | 2,069,672,000 |
Capital and financing lease obligations | 101,533,000 | 109,258,000 |
Exhibitor services agreement | 316,815,000 | 329,913,000 |
Other long-term liabilities | 419,717,000 | 370,946,000 |
Total liabilities | 3,249,574,000 | 3,537,785,000 |
Commitments and contingencies | Â Â | Â Â |
Stockholders' equity: | ||
Additional paid-in capital | 1,172,515,000 | 1,161,152,000 |
Treasury stock (36,769 shares as of December 31, 2014 and 32,684 shares as of December 31, 2013, at cost) | -680,000 | -588,000 |
Accumulated other comprehensive income | 12,844,000 | 24,204,000 |
Accumulated earnings | 327,081,000 | 321,730,000 |
Total stockholders' equity | 1,512,732,000 | 1,507,470,000 |
Total liabilities and stockholders' equity | 4,763,732,000 | 5,046,724,000 |
Class A common stock | ||
Temporary Equity | ||
Class A common stock (temporary equity) ($.01 par value, 173,150 shares issued and 136,381 shares outstanding as of December 31, 2014; 173,150 shares issued and 140,466 shares outstanding as of December 31, 2013) | 1,426,000 | 1,469,000 |
Stockholders' equity: | ||
Common stock value | 214,000 | 214,000 |
Total stockholders' equity | 214,000 | 214,000 |
Class B common stock | ||
Stockholders' equity: | ||
Common stock value | 758,000 | 758,000 |
Total stockholders' equity | $758,000 | $758,000 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Treasury stock, shares | 36,769 | 32,684 | |
Class A common stock | |||
Common stock (temporary equity), par value (in dollars per share) | 0.01 | 0.01 | |
Common stock (temporary equity), shares issued (in shares) | 173,150 | 173,150 | |
Common stock (temporary equity), shares outstanding (in shares) | 136,381 | 140,466 | |
Common stock, par value (in dollars per share) | 0.01 | 0.01 | |
Common stock, share authorized (in shares) | 524,173,073 | 524,173,073 | |
Common stock, shares issued (in shares) | 21,423,839 | 21,412,804 | |
Common stock, shares outstanding (in shares) | 21,423,839 | 21,412,804 | |
Class B common stock | |||
Common stock, share authorized (in shares) | 75,826,927 | 75,826,927 | |
Common stock, shares issued (in shares) | 75,826,927 | 75,826,927 | 75,826,927 |
Common stock, shares outstanding (in shares) | 75,826,927 | 75,826,927 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 4 Months Ended | 12 Months Ended | 5 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | |
Cash flows from operating activities: | ||||
Net earnings (loss) | ($42,670,000) | $64,080,000 | $364,400,000 | |
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: | ||||
Depreciation and amortization | 71,633,000 | 216,321,000 | 197,537,000 | |
Deferred income taxes | 3,020,000 | 32,430,000 | -266,598,000 | |
Impairment of long-lived assets | 0 | 3,149,000 | ||
Gain on extinguishment and modification of debt | -8,544,000 | -422,000 | ||
Amortization of discount (premium) on corporate borrowings | -3,219,000 | 832,000 | -12,687,000 | |
Impairment of marketable equity security. investment | 1,370,000 | |||
Theatre and other closure expense | 2,381,000 | 9,346,000 | 5,823,000 | |
Stock based compensation | 11,293,000 | 12,000,000 | ||
(Gain) loss on dispositions | 73,000 | -630,000 | -2,876,000 | |
Equity in earnings and losses from non-consolidated entities, net of distributions | 12,707,000 | -102,000 | -19,611,000 | |
Landlord contributions | 3,597,000 | 59,518,000 | 18,090,000 | |
Deferred rent | -2,900,000 | -18,056,000 | -6,333,000 | |
Change in assets and liabilities: | ||||
Receivables | -66,615,000 | 308,000 | -3,365,000 | |
Other assets | -35,138,000 | -4,282,000 | -8,915,000 | |
Accounts payable | 69,029,000 | -13,692,000 | 64,215,000 | |
Accrued expenses and other liabilities | 63,288,000 | -52,603,000 | 14,822,000 | |
Other, net | -1,294,000 | -2,066,000 | -108,000 | |
Net cash provided by operating activities | 73,892,000 | 297,302,000 | 357,342,000 | |
Cash flows from investing activities: | ||||
Capital expenditures | -72,774,000 | -270,734,000 | -260,823,000 | |
Merger, net of cash acquired | 3,110,000 | |||
Acquisition of Rave theatres, net of cash accquired | -87,555,000 | -1,128,000 | ||
Proceeds from disposition of long-term assets | 90,000 | 238,000 | 3,880,000 | |
Investments in non-consolidated entities, net | -1,194,000 | -1,522,000 | -3,265,000 | |
Other, net | -575,000 | 327,000 | -7,448,000 | |
Net cash used in investing activities | -158,898,000 | -271,691,000 | -268,784,000 | |
Cash flows from financing activities: | ||||
Proceeds from issuance of Senior Subordinated Notes due 2022 | 375,000,000 | |||
Repurchase of Senior Subordinated Notes due 2019 | -639,728,000 | |||
Proceeds from issuance of Term Loan due 2020 | 773,063,000 | |||
Repayment of Term Loan due 2016 | -464,088,000 | |||
Repayment of Term Loan due 2018 | -296,250,000 | |||
Net proceeds (disbursements) related to initial public offering | -281,000 | 355,580,000 | ||
Principal payments under Term Loan | -4,002,000 | -7,750,000 | -7,813,000 | |
Principal payments under capital and financing lease obligations | -875,000 | -6,941,000 | -6,446,000 | |
Principal payments under promissary note | -1,389,000 | |||
Principal amount of coupon payment under Senior Subordinated Notes due 2020 | -6,227,000 | |||
Capital contribution from Wanda | 100,000,000 | |||
Deferred financing costs | -7,952,000 | -9,126,000 | ||
Payment of construction payables | 22,487,000 | -19,404,000 | ||
Cash used to pay dividends | -58,504,000 | |||
Purchase of Treasury Stock | -92,000 | -588,000 | ||
Net cash used in financing activities | 117,610,000 | -353,864,000 | 324,928,000 | |
Effect of exchange rate changes on cash and equivalents | -207,000 | 5,000 | -103,000 | |
Net decrease in cash and equivalents | 32,397,000 | -328,248,000 | 413,383,000 | |
Cash and equivalents at beginning of period | 100,674,000 | 546,454,000 | 133,071,000 | |
Cash and equivalents at end of period | 133,071,000 | 218,206,000 | 546,454,000 | |
Cash paid during the period for: | ||||
Interest (including amounts capitalized of $315, $511, $0 and $14 ) | 68,794,000 | 113,578,000 | 152,220,000 | |
Income taxes, net | 10,088,000 | 1,084,000 | 1,646,000 | |
NCM, LLC | ||||
Schedule of non-cash investing and financing activities: | ||||
Non-cash portion of investments in non-consolidated affiliates (See Note 7-Investments) | 2,137,000 | 26,315,000 | ||
AC JV, LLC | ||||
Schedule of non-cash investing and financing activities: | ||||
Non-cash portion of investments in non-consolidated affiliates (See Note 7-Investments) | 8,333,000 | |||
Predecessor | ||||
Cash flows from operating activities: | ||||
Net earnings (loss) | 90,157,000 | |||
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: | ||||
Depreciation and amortization | 81,234,000 | |||
Amortization of discount (premium) on corporate borrowings | 967,000 | |||
Theatre and other closure expense | 11,753,000 | |||
Stock based compensation | 830,000 | |||
(Gain) loss on dispositions | -48,245,000 | |||
Equity in earnings and losses from non-consolidated entities, net of distributions | -495,000 | |||
Landlord contributions | 2,000,000 | |||
Deferred rent | -3,427,000 | |||
Change in assets and liabilities: | ||||
Receivables | 12,884,000 | |||
Other assets | 36,770,000 | |||
Accounts payable | -58,027,000 | |||
Accrued expenses and other liabilities | -50,473,000 | |||
Other, net | 444,000 | |||
Net cash provided by operating activities | 76,372,000 | |||
Cash flows from investing activities: | ||||
Capital expenditures | -40,116,000 | |||
Proceeds from disposition of long-term assets | 7,291,000 | |||
Investments in non-consolidated entities, net | 1,589,000 | |||
Other, net | 205,000 | |||
Net cash used in investing activities | -31,031,000 | |||
Cash flows from financing activities: | ||||
Repurchase of Senior Subordinated Notes due 2014 | -191,035,000 | |||
Principal payments under Term Loan | -4,002,000 | |||
Principal payments under capital and financing lease obligations | -1,298,000 | |||
Deferred financing costs | -2,378,000 | |||
Payment of construction payables | -23,575,000 | |||
Net cash used in financing activities | -222,288,000 | |||
Effect of exchange rate changes on cash and equivalents | 16,000 | |||
Net decrease in cash and equivalents | -176,931,000 | |||
Cash and equivalents at beginning of period | 277,605,000 | |||
Cash and equivalents at end of period | 100,674,000 | |||
Cash paid during the period for: | ||||
Interest (including amounts capitalized of $315, $511, $0 and $14 ) | 78,789,000 | |||
Income taxes, net | $828,000 |
CONSOLIDATED_STATEMENTS_OF_CAS1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $) | 4 Months Ended | 12 Months Ended | 5 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 |
Interest, capitalized | $0 | $315 | $511 | |
Predecessor | ||||
Interest, capitalized | $14 |
CONSOLIDATED_STATEMENTS_OF_STO
CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY (USD $) | Class A common stock | Class B common stock | Class A 1 | Class A 2 | Class N common stock | Class L-1 | Class L-2 | Predecessor | Predecessor | Predecessor | Predecessor | Predecessor | Additional Paid-in Capital | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Accumulated Earnings (Deficit) | Total |
USD ($) | USD ($) | Predecessor | Predecessor | Predecessor | Predecessor | Predecessor | Additional Paid-in Capital | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Accumulated Earnings (Deficit) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |
Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | USD ($) | USD ($) | USD ($) | USD ($) | |||||||||
USD ($) | USD ($) | USD ($) | USD ($) | ||||||||||||||
Balance at Mar. 29, 2012 | $4,000 | $4,000 | $3,000 | $3,000 | $673,325,000 | ($2,596,000) | ($20,203,000) | ($492,939,000) | $157,601,000 | ||||||||
Balance (in shares) at Mar. 29, 2012 | 382,475 | 382,475 | 2,021.02 | 256,085.61 | 256,085.61 | ||||||||||||
Increase (Decrease) in Stockholders' Equity | |||||||||||||||||
Net earnings (loss) | 90,157,000 | 90,157,000 | |||||||||||||||
Other comprehensive earnings (loss) | 9,034,000 | 9,034,000 | |||||||||||||||
Stock based compensation | 830,000 | 830,000 | |||||||||||||||
Balance at Aug. 30, 2012 | 4,000 | 4,000 | 3,000 | 3,000 | 674,155,000 | -2,596,000 | -11,169,000 | -402,782,000 | 257,622,000 | ||||||||
Balance (in shares) at Aug. 30, 2012 | 382,475 | 382,475 | 2,021.02 | 256,085.61 | 256,085.61 | ||||||||||||
Increase (Decrease) in Stockholders' Equity | |||||||||||||||||
Net earnings (loss) | -42,670,000 | ||||||||||||||||
Other comprehensive earnings (loss) | 9,444,000 | ||||||||||||||||
Merger consideration | 662,000 | 699,338,000 | 700,000,000 | ||||||||||||||
Merger consideration (in shares) | 66,252,108 | ||||||||||||||||
Balance at Dec. 31, 2012 | 758,000 | 799,242,000 | 766,774,000 | ||||||||||||||
Balance (in shares) at Dec. 31, 2012 | 75,826,927 | ||||||||||||||||
Balance at Aug. 31, 2012 | |||||||||||||||||
Increase (Decrease) in Stockholders' Equity | |||||||||||||||||
Net earnings (loss) | -42,670,000 | -42,670,000 | |||||||||||||||
Other comprehensive earnings (loss) | 9,444,000 | 9,444,000 | |||||||||||||||
Capital contributions | 96,000 | 99,904,000 | 100,000,000 | ||||||||||||||
Capital contributions (in shares) | 9,574,819 | ||||||||||||||||
Balance at Dec. 31, 2012 | 758,000 | 799,242,000 | 9,444,000 | -42,670,000 | 766,774,000 | ||||||||||||
Balance (in shares) at Dec. 31, 2012 | 75,826,927 | ||||||||||||||||
Increase (Decrease) in Stockholders' Equity | |||||||||||||||||
Net earnings (loss) | 364,400,000 | 364,400,000 | |||||||||||||||
Other comprehensive earnings (loss) | 14,760,000 | 14,760,000 | |||||||||||||||
Stock based compensation | 3,000 | 6,480,000 | 6,483,000 | ||||||||||||||
Stock based compensation (in shares) | 360,172 | ||||||||||||||||
Purchase shares for treasury | 342,000 | -588,000 | -246,000 | ||||||||||||||
Net proceeds from IPO | 211,000 | 355,088,000 | 355,299,000 | ||||||||||||||
Net proceeds from IPO (in shares) | 21,052,632 | ||||||||||||||||
Balance at Dec. 31, 2013 | 214,000 | 758,000 | 1,161,152,000 | -588,000 | 24,204,000 | 321,730,000 | 1,507,470,000 | ||||||||||
Balance (in shares) at Dec. 31, 2013 | 21,412,804 | 75,826,927 | |||||||||||||||
Increase (Decrease) in Stockholders' Equity | |||||||||||||||||
Net earnings (loss) | 64,080,000 | 64,080,000 | |||||||||||||||
Other comprehensive earnings (loss) | -11,360,000 | -11,360,000 | |||||||||||||||
Dividends declared | 27,000 | -58,729,000 | -58,702,000 | ||||||||||||||
Stock based compensation | 11,293,000 | 11,293,000 | |||||||||||||||
Stock based compensation (in shares) | 11,035 | ||||||||||||||||
Purchase shares for treasury | 43,000 | -92,000 | -49,000 | ||||||||||||||
Balance at Dec. 31, 2014 | $214,000 | $758,000 | $1,172,515,000 | ($680,000) | $12,844,000 | $327,081,000 | $1,512,732,000 | ||||||||||
Balance (in shares) at Dec. 31, 2014 | 21,423,839 | 75,826,927 |
THE_COMPANY_AND_SIGNIFICANT_AC
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
BASIS OF PRESENTATION | ||||||||||||||||
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | ||||||||||||||||
NOTE 1—THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | ||||||||||||||||
        AMC Entertainment Holdings, Inc. ("Holdings" or "AMC"), through its direct and indirect subsidiaries, including AMC Entertainment® Inc. ("AMCE"), American Multi-Cinema, Inc. ("OpCo") and its subsidiaries, (collectively with Holdings, unless the context otherwise requires, the "Company" or "AMC"), is principally involved in the theatrical exhibition business and owns, operates or has interests in theatres primarily located in the United States. Holdings is an indirect subsidiary of Dalian Wanda Group Co., Ltd. ("Wanda"), a Chinese private conglomerate. | ||||||||||||||||
        As of December 31, 2014, Wanda owns approximately 77.86% of Holdings' outstanding common stock and 91.34% of the combined voting power of Holdings' outstanding common stock and has the power to control Holdings' affairs and policies, including with respect to the election of directors (and, through the election of directors, the appointment of management), entering into mergers, sales of substantially all of the Company's assets and other extraordinary transactions. | ||||||||||||||||
        Initial Public Offering of Holdings:    On December 23, 2013, Holdings completed its initial public offering ("IPO") of 18,421,053 shares of Class A common stock at a price of $18.00 per share. In connection with the IPO, the underwriters exercised in full their option to purchase an additional 2,631,579 shares of Class A common stock. As a result, the total IPO size was 21,052,632 shares of Class A common stock and the net proceeds to Holdings were approximately $355,299,000 after deducting underwriting discounts and commissions and offering expenses. The net IPO proceeds of approximately $355,299,000, were contributed by Holdings to AMCE. | ||||||||||||||||
        Wanda Merger:    Prior to the IPO, Wanda acquired Holdings, on August 30, 2012, through a merger between Holdings and Wanda Film Exhibition Co. Ltd. ("Merger Subsidiary"), a wholly-owned indirect subsidiary of Wanda, whereby Merger Subsidiary merged with and into Holdings with Holdings continuing as the surviving corporation and as a then wholly-owned indirect subsidiary of Wanda (the "Merger"). A change of control of the Company occurred pursuant to the Merger. Prior to the Merger, Holdings was owned by J.P. Morgan Partners, LLC and certain related investment funds, Apollo Management, L.P. and certain related investment funds, affiliates of Bain Capital Partners, The Carlyle Group and Spectrum Equity Investors ("Spectrum") (collectively the "Sponsors"). The Merger consideration totaled $701,811,000, with $700,000,000 invested by Wanda and $1,811,000 invested by members of management. The estimated transaction value was approximately $2,748,018,000. Wanda acquired cash, corporate borrowings and capital and financing lease obligations in connection with the Merger. Funding for the Merger consideration was obtained by Merger Subsidiary pursuant to bank borrowings and cash contributed by Wanda. | ||||||||||||||||
        In connection with the change of control due to the Merger, the Company's assets and liabilities were adjusted to fair value on the closing date of the Merger by application of "push down" accounting. As a result of the application of "push down" accounting in connection with the Merger, the Company's financial statement presentations herein distinguish between a predecessor period, ("Predecessor"), for periods prior to the Merger and a successor period, ("Successor"), for periods subsequent to the Merger. The Successor applied "push down" accounting and its financial statements reflect a new basis of accounting that is based on the fair value of assets acquired and liabilities assumed as of the Merger date, August 30, 2012. The consolidated financial statements presented herein are those of Successor from its inception on August 31, 2012 through December 31, 2014, and those of Predecessor for all periods prior to the Merger date. As a result of the application of "push down" accounting at the time of the Merger, the financial statements for the Predecessor period and for the Successor period are presented on different bases and are, therefore, not comparable. See Note 2—Merger for additional information regarding the Merger. | ||||||||||||||||
        Use of Estimates:    The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions are used for, but not limited to: (1) Impairments, (2) Film exhibition costs, (3) Income and operating taxes, (4) Theatre and other closure expense, and (5) Gift card and packaged ticket income. Actual results could differ from those estimates. | ||||||||||||||||
        Principles of Consolidation:    The consolidated financial statements include the accounts of AMCE and all subsidiaries, as discussed above. All significant intercompany balances and transactions have been eliminated in consolidation. There are no noncontrolling (minority) interests in the Company's consolidated subsidiaries; consequently, all of its stockholders' equity, net earnings (loss) and comprehensive income (loss) for the periods presented are attributable to controlling interests. As of December 31, 2014, December 31, 2013, and December 31, 2012, the Company managed its business under one reportable segment called Theatrical Exhibition. | ||||||||||||||||
        Fiscal Year:    On November 15, 2012, the Company changed its fiscal year to a calendar year ending on December 31st of each year. Prior to the change, the Company had a 52/53 week fiscal year ending on the Thursday closest to the last day of March. The consolidated financial statements include the transition period of March 30, 2012 through December 31, 2012 ("Transition Period"). | ||||||||||||||||
        Discontinued Operations:    The results of operations for the Company's discontinued operations have been eliminated from the Company's continuing operations and classified as discontinued operations for each period presented within the Company's Consolidated Statements of Operations. See Note 4—Discontinued Operations for further information. | ||||||||||||||||
        Revenues:    Revenues are recognized when admissions and food and beverage sales are received at the theatres and are reported net of sales tax. The Company defers 100% of the revenue associated with the sales of gift cards and packaged tickets until such time as the items are redeemed or income from non-redemption is recorded. The Company recognizes income from non-redeemed or partially redeemed gift cards using the Proportional Method where it applies a non-redemption rate for its five gift card sales channels which ranges from 14% to 23% of the current month sales and the Company recognizes that total amount of income for that current month's sales as income over the next 24 months in proportion to the pattern of actual redemptions. The Company has determined its non-redeemed rates and redemption patterns using data accumulated over ten years on a company-wide basis. Income for non-redeemed packaged tickets continues to be recognized as the redemption of these items is determined to be remote, that is if a ticket has not been used within 18 months after being purchased. During the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012, the Company recognized $21,347,000, $19,510,000, $3,483,000, and $7,776,000 of income, respectively, related to the derecognition of gift card liabilities, which was recorded in other theatre revenues in the Consolidated Statements of Operations. During the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012, the Company recognized $11,710,000, $0, $0, and $4,818,000 of income, respectively, related to the derecognition of package ticket liabilities, which was recorded in other theatre revenues in the Consolidated Statements of Operations. As a result of fair value accounting due to the Merger, the Company did not recognize any income on packaged tickets until 18 months after the date of the Merger. | ||||||||||||||||
        Film Exhibition Costs:    Film exhibition costs are accrued based on the applicable box office receipts and estimates of the final settlement to the film licenses. Film exhibition costs include certain advertising costs. As of December 31, 2014 and December 31, 2013, the Company recorded film payables of $95,847,000 and $149,378,000, respectively, which are included in accounts payable in the accompanying Consolidated Balance Sheets. | ||||||||||||||||
        Food and Beverage Costs:    The Company records payments from vendors as a reduction of food and beverage costs when earned. | ||||||||||||||||
        Screen Advertising:    On March 29, 2005, the Company and Regal Entertainment Group ("Regal") combined their respective cinema screen advertising businesses into a joint venture company called National CineMedia, LLC ("NCM") and on July 15, 2005, Cinemark Holdings, Inc. ("Cinemark") joined NCM. The Company, Regal and Cinemark are known as the "Founding Members." NCM engages in the marketing and sale of cinema advertising and promotions products, business communications and training services. The Company records its share of on-screen advertising revenues generated by NCM in other theatre revenues. | ||||||||||||||||
        Customer Frequency Program:    On April 1, 2011, the Company fully launched AMC Stubs, a customer frequency program, which allows members to earn rewards, including $10 for each $100 spent, redeemable on future purchases at AMC locations. The portion of the admissions and food and beverage revenues attributed to the rewards is deferred as a reduction of admissions and food and beverage revenues and is allocated between admissions and food and beverage revenues based on expected member redemptions. Rewards must be redeemed no later than 90 days from the date of issuance. Upon redemption, deferred rewards are recognized as revenues along with associated cost of goods. Rewards not redeemed within 90 days are forfeited and recognized as admissions or food and beverage revenues. Progress rewards (member expenditures toward earned rewards) for expired membership are forfeited upon expiration of the membership and recognized as admissions or food and beverage revenues. The program's annual membership fee is deferred, net of estimated refunds, and is recognized ratably over the one-year membership period. | ||||||||||||||||
        Advertising Costs:    The Company expenses advertising costs as incurred and does not have any direct-response advertising recorded as assets. Advertising costs were $10,317,000, $9,684,000, $4,137,000, and $3,603,000 for the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012, respectively, and are recorded in operating expense in the accompanying Consolidated Statements of Operations. | ||||||||||||||||
        Cash and Equivalents:    All highly liquid debt instruments and investments purchased with an original maturity of three months or less are classified as cash equivalents. | ||||||||||||||||
        Intangible Assets:    Intangible assets are recorded at cost or fair value, in the case of intangible assets resulting from the Merger and acquisitions, and are comprised of amounts assigned to theatre leases acquired under favorable terms, management contracts, a contract with an equity method investee, and a non-compete agreement, each of which are being amortized on a straight-line basis over the estimated remaining useful lives of the assets, and trademark and trade names, which are considered indefinite lived intangible assets and therefore are not amortized but rather evaluated for impairment annually. | ||||||||||||||||
        The Company first assesses the qualitative factors to determine whether the existence of events and circumstances indicate that it is more likely than not the fair vale of an indefinite-lived intangible asset is less than its carrying amount as a basis for determining whether it is necessary to perform the quantitative impairment test. There were no intangible asset impairment charges incurred during the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, the period March 30, 2012 through August 30, 2012. | ||||||||||||||||
        Investments:    The Company accounts for its investments in non-consolidated entities using either the cost or equity methods of accounting as appropriate, and has recorded the investments within other long-term assets in its Consolidated Balance Sheets. Equity earnings and losses are recorded when the Company's ownership interest provides the Company with significant influence. The Company follows the guidance in ASC 323-30-35-3, which prescribes the use of the equity method for investments where the Company has significant influence. The Company classifies gains and losses on sales of and changes of interest in equity method investments within equity in earnings of non-consolidated entities or in separate line items on the face of the Consolidated Statements of Operations when material, and classifies gains and losses on sales of investments or impairments accounted for using the cost method in investment income. Gains and losses on cash sales are recorded using the weighted average cost of all interests in the investments. Gains and losses related to non-cash negative common unit adjustments are recorded using the weighted average cost of those units in NCM. See Note 7—Investments for further discussion of the Company's investments in NCM. As of December 31, 2014, the Company holds equity method investments comprised of a 14.96% interest in NCM, a joint venture that markets and sells cinema advertising and promotions; a 32% interest in AC JV, LLC ("AC JV"), a joint venture that owns Fathom Events offering alternative content for motion picture screens; a 29% interest in Digital Cinema Implementation Partners LLC ("DCIP"), a joint venture charged with implementing digital cinema in the Company's theatres; a 50% ownership interest in two U.S. motion picture theatres and one IMAX screen; and a 50% ownership interest in Open Road Releasing, LLC, operator of Open Road Films, LLC ("Open Road Films"), a motion picture distribution company. | ||||||||||||||||
        The Company's investment in RealD Inc. is an available-for-sale marketable equity security and is carried at fair value (Level 1). Unrealized gains and losses on available-for-sale securities are included in the Company's Consolidated Balance Sheets as a component of accumulated other comprehensive loss. See Note 7—Investments for further discussion of the Company's investment in RealD Inc. | ||||||||||||||||
        Goodwill:    Goodwill represents the excess of purchase price over fair value of net tangible and identifiable intangible assets related to the Merger and subsequent acquisitions. The Company is not required to amortize goodwill as a charge to earnings; however, the Company is required to conduct an annual review of goodwill for impairment. | ||||||||||||||||
        The Company's recorded goodwill was $2,289,800,000 as of December 31, 2014 and December 31, 2013. The Company evaluates goodwill and its trademark and trade names for impairment annually as of the beginning of the fourth quarter or more frequently as specific events or circumstances dictate. The Company's goodwill is recorded in its Theatrical Exhibition operating segment, which is also the reporting unit for purposes of evaluating recorded goodwill for impairment. | ||||||||||||||||
        The Company performed its annual impairment analysis during the fourth quarter of calendar 2014 and the fourth quarter of calendar 2013, and reached a determination that there was no goodwill or trademark and trade name impairment. According to ASC 350-20, the Company has an option to first assess the qualitative factors to determine whether it is more likely than not that the fair value of its reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. During the fourth quarter of calendar 2014 and the fourth quarter of calendar 2013, the Company assessed qualitative factors and reached a determination that it is not more likely than not that the fair value of the Company's reporting unit is less than its carrying value, and therefore, no impairment charge was incurred. | ||||||||||||||||
        Other Long-term Assets:    Other long-term assets are comprised principally of investments in equity method investees and capitalized computer software, which is amortized over the estimated useful life of the software. See Note 8—Supplemental Balance Sheet Information. | ||||||||||||||||
        Accounts Payable:    Under the Company's cash management system, checks issued but not presented to banks frequently result in book overdraft balances for accounting purposes and are classified within accounts payable in the balance sheet. The change in book overdrafts are reported as a component of operating cash flows for accounts payable as they do not represent bank overdrafts. The amount of these checks included in accounts payable as of December 31, 2014 and December 31, 2013 was $43,692,000 and $52,093,000, respectively. | ||||||||||||||||
        Leases:    The majority of the Company's operations are conducted in premises occupied under lease agreements with initial base terms ranging generally from 15 to 20 years, with certain leases containing options to extend the leases for up to an additional 20 years. The Company does not believe that exercise of the renewal options are reasonably assured at the inception of the lease agreements and, therefore, considers the initial base term as the lease term. Lease terms vary but generally the leases provide for fixed and escalating rentals, contingent escalating rentals based on the Consumer Price Index not to exceed certain specified amounts and contingent rentals based on revenues with a guaranteed minimum. | ||||||||||||||||
        The Company records rent expense for its operating leases on a straight-line basis over the initial base lease term commencing with the date the Company has "control and access" to the leased premises, which is generally a date prior to the "lease commencement date" in the lease agreement. Rent expense related to any "rent holiday" is recorded as operating expense, until construction of the leased premises is complete and the premises are ready for their intended use. Rent charges upon completion of the leased premises subsequent to the theatre opening date are expensed as a component of rent expense. | ||||||||||||||||
        Occasionally, the Company will receive amounts from developers in excess of the costs incurred related to the construction of the leased premises. The Company records the excess amounts received from developers as deferred rent and amortizes the balance as a reduction to rent expense over the base term of the lease agreement. | ||||||||||||||||
        The Company evaluates the classification of its leases following the guidance in ASC 840-10-25. Leases that qualify as capital leases are recorded at the present value of the future minimum rentals over the base term of the lease using the Company's incremental borrowing rate. Capital lease assets are assigned an estimated useful life at the inception of the lease that generally corresponds with the base term of the lease. | ||||||||||||||||
        Occasionally, the Company is responsible for the construction of leased theatres and for paying project costs that are in excess of an agreed upon amount to be reimbursed from the developer. ASC 840-40-05-5 requires the Company to be considered the owner (for accounting purposes) of these types of projects during the construction period and therefore it is required to account for these projects as sale and leaseback transactions. As a result, the Company has recorded financing lease obligations for failed sale leaseback transactions of $80,645,000 and $85,902,000 in its Consolidated Balance Sheets related to these types of projects as of December 31, 2014 and December 31, 2013, respectively. | ||||||||||||||||
        Sale and Leaseback Transactions:    The Company accounts for the sale and leaseback of real estate assets in accordance with ASC 840-40. Losses on sale leaseback transactions are recognized at the time of sale if the fair value of the property sold is less than the net book value of the property. Gains on sale and leaseback transactions are deferred and amortized over the remaining lease term. | ||||||||||||||||
        Impairment of Long-lived Assets:    The Company reviews long-lived assets, including definite-lived intangibles, investments in non-consolidated equity method investees, marketable equity securities and internal use software for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. The Company identifies impairments related to internal use software when management determines that the remaining carrying value of the software will not be realized through future use. The Company reviews internal management reports on a quarterly basis as well as monitors current and potential future competition in the markets where it operates for indicators of triggering events or circumstances that indicate potential impairment of individual theatre assets. The Company evaluates theatres using historical and projected data of theatre level cash flow as its primary indicator of potential impairment and considers the seasonality of its business when making these evaluations. The Company performs impairment analysis during the last quarter of the year. Under these analyses, if the sum of the estimated future cash flows, undiscounted and without interest charges, are less than the carrying amount of the asset, an impairment loss is recognized in the amount by which the carrying value of the asset exceeds its estimated fair value. Assets are evaluated for impairment on an individual theatre basis, which management believes is the lowest level for which there are identifiable cash flows. The impairment evaluation is based on the estimated cash flows from continuing use until the expected disposal date for the fair value of furniture, fixtures and equipment. The expected disposal date does not exceed the remaining lease period unless it is probable the lease period will be extended and may be less than the remaining lease period when the Company does not expect to operate the theatre to the end of its lease term. The fair value of assets is determined as either the expected selling price less selling costs (where appropriate) or the present value of the estimated future cash flows. The fair value of furniture, fixtures and equipment has been determined using similar asset sales, in some instances with the assistance of third party valuation studies and using management judgment. | ||||||||||||||||
        There is considerable management judgment necessary to determine the estimated future cash flows and fair values of the Company's theatres and other long-lived assets, and, accordingly, actual results could vary significantly from such estimates, which fall under Level 3 within the fair value measurement hierarchy, see Note 16—Fair Value Measurements. | ||||||||||||||||
        Impairment losses in the Consolidated Statements of Operations are included in the following captions: | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||
Ended | Ended | August 31, | 2012 | |||||||||||||
December 31, | December 31, | 2012 | through | |||||||||||||
2014 | 2013 | through | August 30, | |||||||||||||
December 31, | 2012 | |||||||||||||||
2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Impairment of long-lived assets | $ | 3,149 | $ | — | $ | — | $ | — | ||||||||
Investment expense (income) | — | 1,370 | — | —  | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Total impairment losses | $ | 3,149 | $ | 1,370 | $ | — | $ | —  | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
        During calendar 2014, the Company recognized an impairment loss of $3,149,000 on 8 theatres with 94 screens, which was related to property, net. During calendar 2013, the Company recognized non-cash impairment losses of $1,370,000 related to a marketable equity security when it was determined that its decline in value was other than temporary. There were no impairments during the period August 31, through December 31, 2012, and the period March 30, 2012 through August 30, 2012. | ||||||||||||||||
        Foreign Currency Translation:    Operations outside the United States are generally measured using the local currency as the functional currency. Assets and liabilities are translated at the rates of exchange at the balance sheet date. Income and expense items are translated at average rates of exchange. The resultant translation adjustments are included in foreign currency translation adjustment, a separate component of accumulated other comprehensive income. Gains and losses from foreign currency transactions, except those intercompany transactions of a long-term investment nature, are included in net earnings (loss). If the Company substantially liquidates its investment in a foreign entity, any gain or loss on currency translation balance recorded in accumulated other comprehensive income is recognized as part of a gain or loss on disposition. | ||||||||||||||||
        Income and Operating Taxes:    The Company accounts for income taxes in accordance with ASC 740-10. Under ASC 740-10, deferred income tax effects of transactions reported in different periods for financial reporting and income tax return purposes are recorded by the asset and liability method. This method gives consideration to the future tax consequences of deferred income or expense items and recognizes changes in income tax laws in the period of enactment. The statement of operations effect is generally derived from changes in deferred income taxes on the balance sheet. During the twelve months ended December 31, 2013, the Company reversed $265,600,000 ($3.47 per share) of valuation allowance which increased its net earnings. | ||||||||||||||||
        Holdings and its subsidiaries file a consolidated federal income tax return and combined income tax returns in certain state jurisdictions. Income taxes are allocated based on separate Company computations of income or loss. Tax sharing arrangements are in place and utilized when tax benefits from affiliates in the consolidated group are used to offset what would otherwise be taxable income generated by Holdings or another affiliate. | ||||||||||||||||
        Casualty Insurance:    The Company is self-insured for general liability up to $1,000,000 per occurrence and carries a $500,000 deductible limit per occurrence for workers compensation claims. The Company utilizes actuarial projections of its ultimate losses to calculate its reserves and expense. The actuarial method includes an allowance for adverse developments on known claims and an allowance for claims which have been incurred but which have not yet been reported. As of December 31, 2014 and December 31, 2013, the Company had recorded casualty insurance reserves of $17,197,000 and $16,549,000, respectively, net of estimated insurance recoveries. The Company recorded expenses related to general liability and workers compensation claims of $16,329,000, $16,332,000, $3,913,000, and $5,732,000 for the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012, respectively. | ||||||||||||||||
        Other Expense (Income):    The following table sets forth the components of other expense (income): | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||
Ended | Ended | August 31, | 2012 | |||||||||||||
December 31, | December 31, | 2012 | through | |||||||||||||
2014 | 2013 | Through | August 30, | |||||||||||||
December 31, | 2012 | |||||||||||||||
2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Gain on redemption of 8.75% Senior Fixed Rate Notes due 2019 | $ | (8,386 | ) | $ | — | $ | — | $ | — | |||||||
Gain on redemption and modification of Senior Secured Credit Facility | — | (130 | ) | — | — | |||||||||||
Loss on redemption of 8% Senior Subordinated Notes due 2014 | — | — | — | 1,297 | ||||||||||||
Business interruption insurance recoveries | — | (1,285 | ) | — | (337 | ) | ||||||||||
Other expense | 42 | — | 49 | —  | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Other expense (income) | $ | (8,344 | ) | $ | (1,415 | ) | $ | 49 | $ | 960 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
        Policy for Consolidated Statements of Cash Flows:    The Company considers the amount recorded for corporate borrowings issued or acquired at a premium above the stated principal balance to be part of the amount borrowed and classifies the related cash inflows and outflows up to but not exceeding the borrowed amount as financing activities in its Consolidated Statements of Cash Flows. For amounts borrowed in excess of the stated principal amount, a portion of the semi-annual coupon payment is considered to be a repayment of the amount borrowed and the remaining portion of the semi-annual coupon payment is an interest payment flowing through operating activities based on the level yield to maturity of the debt. | ||||||||||||||||
        New Accounting Pronouncements:    In February 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-02, Consolidation (Topic 810)—Amendments to the Consolidation Analysis ("ASU 2015-02"), which provides guidance on evaluating whether a reporting entity should consolidate certain legal entities. Specifically, the amendments modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities. Further, the amendments eliminate the presumption that a general partner should consolidate a limited partnership, as well as affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. A reporting entity may apply the amendments using a modified retrospective approach or a full retrospective application. The Company is currently evaluating the impact, if any, that adopting ASU 2015-02 will have on its consolidated financial position, results of operations or cash flows. | ||||||||||||||||
        In June 2014, the FASB issued ASU No. 2014-12, Compensation—Stock Compensation (Topic 718), ("ASU 2014-12"). This update is intended to resolve the diverse accounting treatment of share-based awards that require a specific performance target to be achieved in order for employees to become eligible to vest in the awards. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period for which the requisite service has already been rendered. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. The Company expects to apply the amendments prospectively to all awards granted or modified after the effective date and expects to adopt ASU 2014-12 as of the beginning of 2016. The Company does not anticipate the adoption of ASU 2014-12 to have a material impact on the Company's consolidated financial position, cash flows, or results of operations. | ||||||||||||||||
        In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), ("ASU 2014-09"), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures and has not yet selected a transition method. | ||||||||||||||||
        In April 2014, the FASB issued ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, ("ASU 2014-08"). This amendment changes the requirements for reporting discontinued operations and includes enhanced disclosures about discontinued operations. Under the amendment, only those disposals of components of an entity that represent a strategic shift that has a major effect on an entity's operations and financial results will be reported as discontinued operations in the financial statements. ASU 2014-08 is effective prospectively for annual periods beginning on or after December 15, 2014, and interim reporting periods within those years. Early adoption is permitted. The Company expects to adopt ASU 2014-08 as of the beginning of 2015 and it does not anticipate the adoption of ASU 2014-08 to have a material impact on the Company's consolidated financial position, cash flows, or results of operations. | ||||||||||||||||
        In March 2013, the FASB issued ASU No. 2013-05, Foreign Currency Matters (Topic 830)—Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity, ("ASU 2013-05"). This amendment clarifies the applicable guidance for the release of cumulative translation adjustment into net earnings. When an entity ceases to have a controlling financial interest in a subsidiary or group of assets within a foreign entity, the entity is required to apply the guidance in ASC 830-30 to release any related cumulative translation adjustment into net earnings. Accordingly, the cumulative translation adjustment should be released into net earnings only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. ASU 2013-05 is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2013. Early adoption is permitted as of the beginning of the entity's fiscal year. The Company adopted ASU 2013-05 as of the beginning of 2014 and the adoption of ASU 2013-05 did not have a material impact on the Company's consolidated financial position, cash flows, or results of operations. | ||||||||||||||||
MERGER
MERGER | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
MERGER | |||||
MERGER | |||||
NOTE 2—MERGER | |||||
        Holdings and Wanda, a Chinese private conglomerate, completed a Merger on August 30, 2012 in which Wanda indirectly acquired all of the then outstanding capital stock of Holdings. Holdings merged with Merger Subsidiary, a wholly-owned indirect subsidiary of Wanda, whereby Merger Subsidiary merged with and into Holdings with Holdings continuing as the surviving corporation and as a wholly-owned indirect subsidiary of Wanda. The Merger consideration totaled $701,811,000, with $700,000,000 invested by Wanda and $1,811,000 invested by members of management, for which 66,252,109 shares of Holdings' Class A common stock and 173,147 shares of Holdings' Class N common stock were issued, respectively. The investment amount and price per share paid by members of management was determined pursuant to Management Subscription Agreements negotiated in connection with the Merger. Pursuant to such agreements, as a retention incentive certain key members of management were required to reinvest 50% of the after tax amount they received with respect to equity awards outstanding at the time of the Merger at a price per share equal to that received for such equity awards. The approximately one percent differential in the per share price paid by Wanda and members of management represents the dilutive effect from settlement of outstanding management equity awards in connection with the Merger. Wanda also acquired cash, corporate borrowings and capital and financing lease obligations in connection with the Merger as described below. See Note 1—The Company and Significant Accounting Policies for information regarding the completed IPO of Holdings on December 23, 2013. | |||||
        In connection with the Merger agreement, $35,000,000 of consideration otherwise payable to the equity holders was deposited into an Indemnity Escrow Fund and $2,000,000 otherwise payable to the equity holders was deposited into an account designated by the Stockholder Representative. The $35,000,000 of consideration previously deposited in the Indemnity Escrow Fund, which was established to cover any indemnity claims by Wanda against the sellers (former owners) relating to their representations, warranties and covenants in connection with the Merger, was released in full on April 3, 2013. There were no indemnity claims made. Further, the $2,000,000 previously deposited in an account designated by the stockholder representative, which account was established to cover post-merger closing de minimis taxes and administrative fees and expenses, has also been released in full. On April 15, 2013, after net of such taxes, fees and expenses, $1,974,000 was released back to the selling stockholders, including members of management. The Company accounted for the entire $701,811,000 as purchase price which included the amounts placed in escrow because the Company believed any contingencies requiring escrow were remote and that the amounts would be paid out subsequently. | |||||
        As a result of the Merger and related change of control, the Company applied "push down" accounting, which required allocation of the Merger consideration to the estimated fair values of the assets and liabilities acquired in the Merger. The allocation of Merger consideration was based on management's judgment after evaluating several factors, including a valuation assessment performed by a third party appraiser. Final appraisal reports were received during the first quarter of 2013. The appraisal measurements included a combination of income, replacement costs and market approaches and represents managements' best estimate of fair value at August 30, 2012, the acquisition date. Management finalized its purchase price allocation in May of calendar 2013. Adjustments made during calendar 2013 increased recorded goodwill by approximately $32,000,000. Property, net and other long-term assets decreased by approximately $28,000,000 and $4,000,000, respectively, due to final determinations of fair values assigned to tangible assets. The following is a summary of the allocation of the Merger consideration: | |||||
                                                                                                                                                                                    | |||||
(In thousands) | Total | ||||
(Predecessor) | |||||
Cash | $ | 103,784 | |||
Receivables, net | 29,775 | ||||
Other current assets | 34,840 | ||||
Property, net(1) | 1,034,597 | ||||
Intangible assets, net(2) | 246,507 | ||||
Goodwill(3) | 2,202,080 | ||||
Other long-term assets(4) | 339,013 | ||||
Accounts payable | (134,186 | ) | |||
Accrued expenses and other liabilities | (138,535 | ) | |||
Credit card, package tickets, and loyalty program liability(5) | (117,841 | ) | |||
Corporate borrowings(6) | (2,086,926 | ) | |||
Capital and financing lease obligations | (60,922 | ) | |||
Exhibitor services agreement(7) | (322,620 | ) | |||
Other long-term liabilities(8) | (427,755 | ) | |||
​ | ​ | ​  | ​  | ​ | |
Total Merger consideration | $ | 701,811 | |||
​ | ​ | ​  | ​  | ​ | |
Corporate borrowings | 2,086,926 | ||||
Capital and financing lease obligations | 60,922 | ||||
Less: cash | (103,784 | ) | |||
​ | ​ | ​  | ​  | ​ | |
Total transaction value | $ | 2,745,875 | |||
​ | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​  | |
-1 | Property, net consists of real estate, leasehold improvements and furniture, fixtures and equipment recorded at fair value. | ||||
-2 | Intangible assets consist of a trademark and trade names, a non-compete agreement, management contracts, a contract with an equity method investee, and favorable leases. In general, the majority of the Company's asset value is comprised of real estate and fixed assets. Furthermore, the majority of the Company's theatres are operated via lease agreements as opposed to owning the underlying real estate. Therefore, any asset value related to leased real estate would exist only if the existing lease agreements were at below-market, or favorable, terms. Certain of the Company's leased locations were considered to be at favorable terms, and an intangible asset was ascribed for such lease agreements. However, the majority of lease agreements were considered to be at market terms. As a result, there is no owned real estate or lease intangible asset value ascribed to the majority of the Company's locations. In estimating the fair value of the favorable lease agreements, market rents were estimated for each of the Company's leased locations. If the contractual rents were considered to be below the market rent, a favorable lease agreement was valued by discounting the difference between the contractual rent and estimated market rates over the remaining lease term. Renewal options in the leases were also considered in determining the remaining lease term. | ||||
Other intangible assets were also considered. For the Company's business, the largest intangible asset (other than favorable lease agreements) is the trade name. There was no customer relationship asset since the Company's customers represent "walk-in traffic" in which the customer would not meet the legal or separable criteria under ASC 805. The royalty savings method, a form of the income approach, was used to estimate the fair value of the trade name. In estimating the appropriate royalty rate for the trade name, the Company considered the impact and contribution that the trade name provides to the Company's operating cash flows. The Company assessed that the trade name does provide some contribution to the Company's operating cash flow, but that the attendance in the theatre is ultimately driven by factors that are not separable from goodwill such as the quality of the film product, the location of each individual theatre, the physical condition of the individual theatre, and the competitive landscape of the individual theatre. | |||||
Other than the favorable lease agreements and the trade name, there are not many other operating intangible assets for the Company's business. However, the Company does have some contractual relationships identified as intangible assets. These contractual relationships include the non-compete agreement that was entered into as part of the Company's acquisition of Kerasotes, management agreements in which the Company manages certain theatres that are owned by a third party, and the NCM tax receivable agreement (the "NCM TRA") which represents an agreement in which the Company receives a certain portion of a tax benefit that NCM is expected to receive as part of the Company's partial ownership interest in NCM. The non-compete agreement was valued using the differential cash flow method, a form of the income approach, in which the cash flows of the Company were estimated under a scenario in which the non-compete agreement was in place and a scenario in which there was no non-compete agreement. The value of the non-compete agreement was considered to be the difference of the discounted cash flows between the two scenarios over the remaining contractual term of the agreement. The management agreements were valued using the income approach, in which the annual management fees over the life of the agreements were discounted. The NCM TRA was valued using the income approach in which the future tax benefit distribution realized from any tax amortization of intangible assets was estimated and discounted. The Company determined the value of the TRA using a discounted cash flow model. For the purposes of its analysis, the Company estimated the cash receipts from taxable transactions that were known as of the date of the Merger. The Company did not consider future transactions that NCM may undertake. The Company estimated a run-off of the intangible asset amortization benefits from the TRA due to the following transactions: | |||||
1 | ESA (Exhibitor Services Agreement)—relates to the amortization due to a modification of the initial ESA agreement. | ||||
2 | CUA (Common Unit Adjustment)—relates to NCM issuing additional common units to the founding members if there is an increase in the number of theaters under the ESA agreement. A reduction of common units is made if there are theaters removed from the ESA agreement. | ||||
3 | AMC II Benefit—relates to AMC's acquisition of Kerasotes theaters. | ||||
4 | IPO Exchange Benefit—relates to amortization from NCM's IPO in 2007. | ||||
5 | IPO II Exchange Benefit—relates to amortization step ups from NCM's secondary IPO in 2010. | ||||
6 | Capital Account Administration Allocation—relates to receipts attributable to the account administration. | ||||
The estimated TRA receipts through 2037 are tax effected at 40%, based on a blended federal and 50-state average tax rate. The after tax receipts were discounted to a present value using a discount rate of 12.0%, based on the cost of equity of NCM, as the TRA payments only benefit the equity holders. See Note 7—Investments for additional information. | |||||
-3 | Goodwill represents the excess of the Merger consideration over the net assets recognized and represents the future expected economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Goodwill associated with the Merger is not tax deductible. Additionally, the Company expects to realize synergies and cost savings related to the Merger. Wanda is the largest theatre exhibition operator in China through its controlling ownership interest in Wanda Cinema Line. The combined ownership and scale of AMC and Wanda Cinema Line, has enabled them to enhance relationships and obtain better terms for important food and beverage, lighting and theatre supply vendors, and to expand their strategic partnership with IMAX. Wanda and AMC are also working together to offer Hollywood studios and other production companies valuable access to their industry-leading promotion and distribution platforms, with the goal of gaining greater access to content and playing a more important role in the industry going forward. | ||||
-4 | Other long-term assets primarily include equity method investments, real estate held for investment and marketable equity securities recorded at fair value. | ||||
-5 | Represents a liability related to the sales of gift cards, packaged tickets and AMC Stubs™ memberships and rewards outstanding at August 30, 2012, recorded at fair value. The Company determined fair value for the gift cards and packaged tickets by removing the amount of unrecognized breakage income that was included in the deferred revenue amounts prior to the Merger. The Company made purchase accounting adjustments to reduce its deferred revenues for packaged tickets by $24,859,000 and gift cards by $7,441,000 such that the Company would recognize a normal profit margin on its deferred revenues for the future redemptions of the sales that occurred prior to the Merger. The Company did not make any fair value adjustments to its deferred revenues related to AMC Stubs as a result of the Merger because deferred revenues for the annual memberships require performance by AMC in the future and there was not sufficient historical data to estimate amounts of future breakage for AMC Stubs rewards. AMC Stubs vested rewards expire after 90 days if unused and AMC Stubs progress rewards expire to the extent members do not renew their annual membership. | ||||
-6 | Corporate borrowings include borrowings under the Senior Secured Credit Facility-Term Loan due 2016, the Senior Secured Credit Facility-Term Loan due 2018, the 8.75% Senior Fixed Rate Notes due 2019 and the 9.75% Senior Subordinated Notes due 2020, recorded at fair value. | ||||
-7 | In connection with the completion of NCM, Inc.'s IPO on February 13, 2007, the Company entered into the Exhibitor Services Agreement that provided favorable terms to NCM in exchange for a payment of $231,308,000. The Exhibitor Services Agreement was considered an unfavorable contract to the Company based on a comparison of rates charged by NCM to third-party exhibitors. The market rate was estimated as the average rate charged by NCM to third party exhibitors. The fair value of the contract was estimated as the present value of the difference between the Company's expected payments under the contract and a market rate over the life of the Exhibitor Services Agreement. The Company's expected payments were estimated based on the Company's expected annual attendance, screen count, and advertising revenues over the life of the exhibitor Services Agreement. See Note 7—Investments for additional information. | ||||
-8 | Other long-term liabilities consist of certain theatre leases that have been identified as unfavorable, adjustments to reset deferred rent related to escalations of minimum rentals to zero, adjustments for pension and postretirement medical plan liabilities and deferred RealDÂ Inc. lease incentive recorded at fair value. Other long-term liabilities include deferred tax liabilities resulting from indefinite temporary differences that arose primarily from the application of "push down" accounting. | ||||
        The fair value measurement of tangible and intangible assets and liabilities were based on significant inputs not observable in the market and thus represent Level 3 measurements within the fair value measurement hierarchy. Level 3 fair market values were determined using a variety of information, including estimated future cash flows, appraisals, market comparables, and quoted market prices. Quoted market prices and observable market based inputs were used to estimate the fair value of corporate borrowings (Level 2) and the Company's investments in NCM and equity securities available for sale (Level 1). | |||||
        During the twelve months ended December 31, 2013 and the period of August 31, 2012 through December 31, 2012, the Company incurred Merger-related costs of approximately $957,000 and $2,500,000, respectively, which are included in general and administrative expense: merger, acquisition and transaction costs in the Consolidated Statements of Operations. | |||||
        The unaudited pro forma financial information presented below sets forth the Company's historical statements of operations for the periods indicated and gives effect to the Merger as if "push down" accounting had been applied as of March 30, 2012. Such information is presented for comparative purposes to the Consolidated Statements of Operations only and does not purport to represent what the Company's results of operations would actually have been had these transactions occurred on the date indicated or to project its results of operations for any future period or date. | |||||
                                                                                                                                                                                    | |||||
(In thousands) | Pro forma | ||||
March 30, 2012 | |||||
through | |||||
December 31, | |||||
2012 | |||||
(unaudited) | |||||
Revenues | |||||
Admissions | $ | 1,364,663 | |||
Food and beverage | 571,869 | ||||
Other theatre | 72,574 | ||||
​ | ​ | ​  | ​  | ​ | |
Total revenues | 2,009,106 | ||||
​ | ​ | ​  | ​  | ​ | |
Operating Costs and Expenses | |||||
Film exhibition costs | 728,100 | ||||
Food and beverage costs | 77,871 | ||||
Operating expense | 529,235 | ||||
Rent | 331,397 | ||||
General and administrative: | |||||
Merger, acquisition and transaction costs | 7,783 | ||||
Management fee | — | ||||
Other | 55,594 | ||||
Depreciation and amortization | 150,234 | ||||
​ | ​ | ​  | ​  | ​ | |
Operating costs and expenses | 1,880,214 | ||||
​ | ​ | ​  | ​  | ​ | |
Operating income | 128,892 | ||||
Other expense (income) | |||||
Other expense | 1,009 | ||||
Interest expense | |||||
Corporate borrowings | 103,429 | ||||
Capital and financing lease obligations | 4,263 | ||||
Equity in earnings of non-consolidated entities | (7,499 | ) | |||
Investment expense | 578 | ||||
​ | ​ | ​  | ​  | ​ | |
Total other expense | 101,780 | ||||
​ | ​ | ​  | ​  | ​ | |
Earnings from continuing operations before income taxes | 27,112 | ||||
Income tax provision | 8,900 | ||||
​ | ​ | ​  | ​  | ​ | |
Earnings from continuing operations | 18,212 | ||||
Earnings from discontinued operations | 34,465 | ||||
​ | ​ | ​  | ​  | ​ | |
Net earnings | $ | 52,677 | |||
​ | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​  | |
        The Merger on August 30, 2012 triggered the payment of an aggregate of $31,462,000 for success fees to financial advisors, bond amendment consent fees, payments for cancellation of stock based compensation and management success bonuses that were contingent on the consummation of the Merger. The Company determined that its accounting policy for any cost triggered by the consummation of the Merger was to recognize the cost when the Merger was consummated. Accordingly, the contingent costs discussed below have not been recorded in the Consolidated Statement of Operations for the Predecessor period since that statement depicts the results of operations just prior to consummation of the transaction. In addition, since the Successor period reflects the effects of push-down accounting, these costs have also not been recorded as an expense in the Successor period. However, the costs were reflected in the purchase accounting adjustments which were applied in arriving at the opening balances of the Successor. | |||||
        The following is a summary of the contingent costs: | |||||
                                                                                                                                                                                    | |||||
(In thousands) | |||||
Financial advisor fees | $ | 18,129Â | (a) | ||
Management transaction bonuses | 6,000Â | (b) | |||
Bond amendment fees | 3,946Â | (c) | |||
Unrecognized stock compensation expense | 3,177Â | (d) | |||
Other contingent transaction costs | 210Â | ||||
​ | ​ | ​  | ​  | ​ | |
$ | 31,462Â | ||||
​ | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​  | |
(a) | These represent non-exclusive arrangements made with multi-parties to provide advice and assistance related to the sale of Holdings. Payment terms were contingent upon consummation of a sale. Each agreement was entered into by Predecessor entities when the Company was under previous ownership. | ||||
(b) | Management bonuses were approved by the Predecessor Entity and previous ownership group to help incent key Holdings' management team members to use their best efforts to help facilitate the sale of the Company. Payments were contingent on the consummation of a transaction. | ||||
(c) | Consent fees were paid pursuant to a consent solicitation to amend indentures relating to the Company's outstanding notes and permit the sale of the Company without triggering change of control payments. The payments were only made upon closing the Wanda transaction. | ||||
(d) | Unrecognized stock compensation for previously existing awards that became payable due to change of control provisions and only upon consummation of a sale transaction. | ||||
ACQUISITION
ACQUISITION | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
ACQUISITION | |||||
ACQUISITION | |||||
NOTE 3—ACQUISITION | |||||
        In December 2012, the Company completed the acquisition of 4 theatres and 61 screens from Rave Reviews Cinemas, LLC and 6 theatres and 95 screens from Rave Digital Media, LLC, (together "Rave"). The total purchase price for the Rave theatres, paid in cash, was $88,683,000, net of cash acquired. Approximately $881,000 of the total purchase price was paid during the twelve months ended December 31, 2013. The Company acquired the Rave theatres based on their highly complementary geographic presence in certain key markets. Additionally, the Company expects to realize synergies and cost savings related to the Rave acquisition as a result of moving to the Company's operating practices, decreasing costs for newspaper advertising, food and beverage costs, and general and administrative expense savings, particularly with respect to the consolidation of corporate related functions and elimination of redundancies. | |||||
        The acquisitions are being treated as a purchase in accordance with Accounting Standards Codification, ("ASC") 805, Business Combinations, which requires allocation of the purchase price to the estimated fair values of assets and liabilities acquired in the transaction. The allocation of purchase price is based on management's judgment after evaluating several factors, including bid prices from potential buyers and a valuation assessment. The following is a summary of the allocation of the purchase price: | |||||
                                                                                                                                                                                    | |||||
(In thousands) | Total | ||||
(Successor) | |||||
Cash | $ | 3,649 | |||
Receivables, net(1) | 58 | ||||
Other current assets | 1,556 | ||||
Property, net | 79,428 | ||||
Goodwill(2) | 87,720 | ||||
Deferred tax asset | 3,752 | ||||
Accrued expenses and other liabilities | (7,243 | ) | |||
Capital and financing lease obligations | (62,598 | ) | |||
Other long-term liabilities(3) | (13,990 | ) | |||
​ | ​ | ​  | ​  | ​ | |
Total purchase price | $ | 92,332 | |||
​ | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​  | |
-1 | Receivables consist of trade receivables recorded at estimated fair value. The Company did not acquire any other class of receivables as a result of the acquisition of the Rave theatres. | ||||
-2 | Amounts recorded for goodwill are expected to be deductible for tax purposes. | ||||
-3 | Amounts recorded for other long-term liabilities consist of unfavorable leases and long-term deferred tax liabilities. | ||||
        During the twelve months ended December 31, 2013, the Company incurred acquisition-related costs for the Rave theatres of approximately $728,000, which are included in general and administrative expense: merger, acquisition and transaction costs in the Consolidated Statements of Operations. The Company's operating results for the twelve months ended December 31, 2013 were not materially impacted by this acquisition. | |||||
DISCONTINUED_OPERATIONS
DISCONTINUED OPERATIONS | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
DISCONTINUED OPERATIONS | ||||||||||||||||
DISCONTINUED OPERATIONS | ||||||||||||||||
NOTE 4—DISCONTINUED OPERATIONS | ||||||||||||||||
        In August of 2012, the Company closed one theatre with 20 screens located in Canada. The Company paid the landlord $7,562,000 to terminate the lease agreement. Also, the Company sold one theatre with 12 screens located in the United Kingdom in August of 2012. The proceeds received from the sale was $395,000, and was subject to working capital and other purchase price adjustments as described in the asset purchase agreement. | ||||||||||||||||
        In July of 2012, the Company sold six theatres with 134 screens located in Canada. The aggregate gross proceeds from the sales were approximately $1,472,000, and were subject to working capital and purchase price adjustments. | ||||||||||||||||
        The Company recorded gains, net of lease termination expense, on the disposition of the seven Canada theatres and the one United Kingdom theatre of approximately $39,382,000, primarily due to the write-off of long-term lease liabilities extinguished in connection with the sales and closure during the period March 30, 2012 through August 30, 2012. The Company does not have any significant continuing involvement in the operations of these theatres after the disposition. The results of operations of these theatres have been classified as discontinued operations, and information presented for all periods reflects the classification. | ||||||||||||||||
        The Company calculated the gain on sale and closure of its theatres in Canada and in the UK as follows during the period of March 30, 2012 through August 30, 2012: | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
(In thousands) | Total | |||||||||||||||
(Predecessor) | ||||||||||||||||
Proceeds from sale of UK theatre | $ | 395 | ||||||||||||||
Proceeds from sale of Canada theatres | 1,472 | |||||||||||||||
Cash payment for closure of Canada theatre | (7,562 | ) | ||||||||||||||
Net cash payment | $ | (5,695 | ) | |||||||||||||
Fixed asset write-offs | (1,885 | |||||||||||||||
) | ||||||||||||||||
Recognition of cumulative translation losses in AOCI(1) | (11,069 | ) | ||||||||||||||
Legal and professional fees | (1,582 | ) | ||||||||||||||
Operating Lease Liabilities: | ||||||||||||||||
Deferred rent write-off | 14,848 | |||||||||||||||
Unfavorable lease write-off | 31,099 | |||||||||||||||
Deferred gain write-off | 13,666 | |||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
Gain on sale, net of lease termination expense | $ | 39,382 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
​ | ​ | ​  | ​  | ​  | ||||||||||||
-1 | Included in Consolidated Statements of Comprehensive Income (Loss) as follows: | |||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
(In thousands) | March 30, 2012 | |||||||||||||||
through | ||||||||||||||||
August 30, 2012 | ||||||||||||||||
(Predecessor) | ||||||||||||||||
Foreign currency translation adjustment: | ||||||||||||||||
Foreign currency translation adjustment, net of tax | $ | 866Â | ||||||||||||||
Reclassification adjustment for foreign currency translation loss included in discontinued operations, net of tax | 11,069Â | |||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
Total foreign currency translation adjustment, net of tax | $ | 11,935Â | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
​ | ​ | ​  | ​  | ​  | ||||||||||||
        The Company operated all of the Canada and UK theatres pursuant to long-term operating lease agreements with original terms of 20 years. In connection with the sales of these theatres, the buyers assumed responsibility under the operating lease agreements and the Company was relieved of its legal obligation for future payments under the lease agreements. For the theatre that was closed, the Company paid the landlord $7,562,000 to terminate its obligation under the lease at the date of closing. | ||||||||||||||||
        During the twelve months ended December 31, 2013, the Company received $4,666,000 for a sales price adjustment from the sale of theatres located in Canada. The sales price adjustment was related to tax attributes of the theatres sold in Canada, which were not determinable or probable of collection at the date of the sale. The Company completed its tax returns for periods prior to the date of sale during the twelve months ended December 31, 2013, at which time the buyer was able to determine amounts due pursuant to the sales price adjustment and remit payment to the Company. The Company recorded the additional gain on sale following the guidance for gain contingencies in ASC 450-30-25-1 when the gains were realizable. The earnings from discontinued operations were partially offset by income taxes, legal and professional fees and contractual repairs and maintenance expenses during the twelve months ended December 31, 2013. | ||||||||||||||||
        Components of amounts reflected as (earnings) loss from discontinued operations in the Company's Consolidated Statements of Operations are presented in the following table: | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
Calendar | Calendar | Transition Period | ||||||||||||||
2014 | 2013 | |||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||
Ended | Ended | August 31, 2012 | 2012 | |||||||||||||
December 31, | December 31, | through | through | |||||||||||||
2014 | 2013 | December 31, 2012 | August 30, 2012 | |||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Revenues | ||||||||||||||||
Admissions | $ | — | $ | — | $ | — | $ | 16,389 | ||||||||
Food and beverage | — | — | — | 6,099 | ||||||||||||
Other theatre | — | — | — | 548 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Total revenues | — | — | — | 23,036 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Operating costs and expenses | ||||||||||||||||
Film exhibition costs | — | — | — | 8,706 | ||||||||||||
Food and beverage costs | — | — | 66 | 1,252 | ||||||||||||
Operating expense | — | — | 439 | 15,592 | ||||||||||||
Rent | — | — | — | 7,322 | ||||||||||||
General and administrative costs | — | — | 221 | 511 | ||||||||||||
Depreciation and amortization | — | — | — | 263 | ||||||||||||
Gain on disposition | (523 | ) | (2,126 | ) | (37 | ) | (46,951 | ) | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Operating costs and expenses | (523 | ) | (2,126 | ) | 689 | (13,305 | ) | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Operating income (loss) | 523 | 2,126 | (689 | ) | 36,341 | |||||||||||
Investment income | — | — | (1 | ) | (12 | ) | ||||||||||
Total other expense (income) | — | — | (1 | ) | (12 | ) | ||||||||||
Earnings (loss) before income taxes | 523 | 2,126 | (688 | ) | 36,353 | |||||||||||
Income tax provision | 210 | 830 | — | 1,200 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | 313 | $ | 1,296 | $ | (688 | ) | $ | 35,153 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
PROPERTY
PROPERTY | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
PROPERTY | ||||||||
PROPERTY | ||||||||
NOTE 5—PROPERTY | ||||||||
        A summary of property is as follows: | ||||||||
                                                                                                                                                                                    | ||||||||
(In thousands) | December 31, | December 31, | ||||||
2014 | 2013 | |||||||
(Successor) | (Successor) | |||||||
Property owned: | ||||||||
Land | $ | 45,448Â | $ | 46,148Â | ||||
Buildings and improvements | 211,947Â | 202,311Â | ||||||
Leasehold improvements | 627,259Â | 528,915Â | ||||||
Furniture, fixtures and equipment | 745,280Â | 616,234Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
1,629,934Â | 1,393,608Â | |||||||
Less-accumulated depreciation and amortization | 394,008Â | 226,556Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
1,235,926Â | 1,167,052Â | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Property leased under capital leases: | ||||||||
Building and improvements | 14,381Â | 14,381Â | ||||||
Less-accumulated depreciation and amortization | 3,077Â | 1,679Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
11,304Â | 12,702Â | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
$ | 1,247,230Â | $ | 1,179,754Â | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
        Property is recorded at cost or fair value, in the case of property resulting from acquisitions. The Company uses the straight-line method in computing depreciation and amortization for financial reporting purposes. The estimated useful lives for leasehold improvements reflect the shorter of the expected useful lives of the assets or the base terms of the corresponding lease agreements plus renewal options expected to be exercised for these leases. The estimated useful lives are as follows: | ||||||||
                                                                                                                                                                                    | ||||||||
Buildings and improvements | 5 to 40Â years | |||||||
Leasehold improvements | 1 to 20Â years | |||||||
Furniture, fixtures and equipment | 1 to 10Â years | |||||||
        Expenditures for additions (including interest during construction) and betterments are capitalized, and expenditures for maintenance and repairs are charged to expense as incurred. The cost of assets retired or otherwise disposed of and the related accumulated depreciation and amortization are eliminated from the accounts in the year of disposal. Gains or losses resulting from property disposals are included in operating expense in the accompanying Consolidated Statements of Operations. | ||||||||
        Depreciation expense was $194,930,000, $176,998,000, $63,472,000, and $70,715,000 for the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012, respectively. | ||||||||
GOODWILL_AND_OTHER_INTANGIBLE_
GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
GOODWILL AND OTHER INTANGIBLE ASSETS | |||||||||||||||||
GOODWILL AND OTHER INTANGIBLE ASSETS | |||||||||||||||||
NOTE 6—GOODWILL AND OTHER INTANGIBLE ASSETS | |||||||||||||||||
        Activity of goodwill is presented below: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
(In thousands) | Total | ||||||||||||||||
(Successor) | |||||||||||||||||
Balance as of December 31, 2012 | $ | 2,249,153 | |||||||||||||||
​ | ​ | ​  | ​  | ​ | |||||||||||||
Increase in Goodwill from purchase price allocation adjustments related to the Merger | 31,951Â | ||||||||||||||||
Increase in Goodwill from purchase price allocation adjustments related to the Rave acquisition | 8,696Â | ||||||||||||||||
​ | ​ | ​  | ​  | ​ | |||||||||||||
Balance as of December 31, 2013 and December 31, 2014 | $ | 2,289,800 | |||||||||||||||
​ | ​ | ​  | ​  | ​ | |||||||||||||
​ | ​ | ​  | ​  | ​  | |||||||||||||
        Detail of other intangible assets is presented below: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||||
(Successor) | (Successor) | ||||||||||||||||
(In thousands) | Remaining | Gross | Accumulated | Gross | Accumulated | ||||||||||||
Useful Life | Carrying | Amortization | Carrying | Amortization | |||||||||||||
Amount | Amount | ||||||||||||||||
Amortizable Intangible Assets: | |||||||||||||||||
Favorable leases | 4 to 44Â years | $ | 112,251 | $ | (13,781 | ) | $ | 112,496 | $ | (8,053 | ) | ||||||
Management contracts | 3 to 6Â years | 4,540 | (1,676 | ) | 4,690 | (1,103 | ) | ||||||||||
Non-compete agreement | 1Â year | 3,800 | (2,951 | ) | 3,800 | (1,678 | ) | ||||||||||
NCM tax receivable agreement | 22Â years | 20,900 | (1,968 | ) | 20,900 | (1,133 | ) | ||||||||||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||
Total, amortizable | $ | 141,491 | $ | (20,376 | ) | $ | 141,886 | $ | (11,967 | ) | |||||||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||
Unamortized Intangible Assets: | |||||||||||||||||
AMC trademark | $ | 104,400 | $ | 104,400 | |||||||||||||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ||
Total, unamortizable | $ | 104,400 | $ | 104,400 | |||||||||||||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​  | ||
        Amortization expense associated with the intangible assets noted above is as follows: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, 2012 | |||||||||||||
Ended | Ended | August 31, 2012 | through | ||||||||||||||
December 31, 2014 | December 31, 2013 | through | August 30, 2012 | ||||||||||||||
December 31, 2012 | |||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||
Recorded amortization | $ | 8,804Â | $ | 9,011Â | $ | 3,106Â | $ | 5,016Â | |||||||||
        Estimated annual amortization for the next five calendar years for intangible assets is projected below: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
(In thousands) | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
Projected annual amortization | $ | 8,365Â | $ | 7,516Â | $ | 7,400Â | $ | 7,131Â | $ | 6,187Â | |||||||
INVESTMENTS
INVESTMENTS | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
INVESTMENTS | ||||||||||||||||||||
INVESTMENTS | ||||||||||||||||||||
NOTE 7—INVESTMENTS | ||||||||||||||||||||
        Investments in non-consolidated affiliates and certain other investments accounted for under the equity method generally include all entities in which the Company or its subsidiaries have significant influence, but not more than 50% voting control. Investments in non-consolidated affiliates as of December 31, 2014, include a 14.96% interest in National CineMedia, LLC ("NCM"), a 32% interest in AC JV, LLC, owner of Fathom Events, a 50% interest in two U.S. motion picture theatres and one IMAX screen, a 29% interest in Digital Cinema Implementation Partners, LLC ("DCIP"), a 15.45% interest in Digital Cinema Distribution Coalition, LLC ("DCDC") and a 50% interest in Open Road Releasing, LLC, operator of Open Road Films. Indebtedness held by equity method investees is non-recourse to the Company. | ||||||||||||||||||||
        At December 31, 2014, the Company's recorded investments are less than its proportional ownership of the underlying equity in these entities by approximately $13,257,000, excluding NCM. | ||||||||||||||||||||
RealDÂ Inc. Common Stock | ||||||||||||||||||||
        The Company holds an investment in RealD Inc. common stock, which is accounted for as an equity security, available for sale, and is recorded in the Consolidated Balance Sheets in other long-term assets at fair value (Level 1). Under its RealD Inc. motion picture license agreement, the Company received a ten-year option to purchase 1,222,780 shares of RealD Inc. common stock at approximately $0.00667 per share. The stock options vested in 3 tranches upon the achievement of screen installation targets and were valued at the underlying stock price at the date of vesting. At the dates of exercise, the fair market value of the RealD Inc. common stock was recorded in other long-term assets with an offsetting entry recorded to other long-term liabilities as a deferred lease incentive. The unamortized deferred lease incentive was recorded at fair value as a result of the Merger, and is being amortized on a straight-line basis over the remaining contract life of approximately 7 years as of December 31, 2014, to reduce RealD license expense recorded in the consolidated statements of operations under operating expense. For further information, see Note 2—Merger. As of December 31, 2014, the unamortized deferred lease incentive balance included in other long-term liabilities was $16,047,000. Fair value adjustments of RealD Inc. common stock are recorded to other long-term assets with an offsetting entry to accumulated other comprehensive income. | ||||||||||||||||||||
NCM Transactions | ||||||||||||||||||||
        On March 29, 2005, the Company along with Regal combined their screen advertising operations to form NCM. On July 15, 2005, Cinemark joined the NCM joint venture by contributing its screen advertising business. The Company, Regal and Cinemark are known as "Founding Members" of NCM. On February 13, 2007, National CineMedia, Inc. ("NCM, Inc."), a newly formed entity that now serves as the sole manager of NCM, closed its initial public offering, or IPO, of 42,000,000 shares of its common stock at a price of $21.00 per share. | ||||||||||||||||||||
        As of December 31, 2014, the Company owns a 14.96% interest in NCM. As a Founding Member, the Company has the ability to exercise significant influence over the governance of NCM, and, accordingly accounts for its investment following the equity method. All of the Company's NCM membership units are redeemable for, at the option of NCM, Inc., cash or shares of common stock of NCM, Inc. on a share-for-share basis. The fair market value of the units in National CineMedia, LLC was approximately $275,825,000 based on a price for shares of NCM, Inc. on December 31, 2014 of $14.37 per share. | ||||||||||||||||||||
        Pursuant to the Company's Common Unit Adjustment Agreement, from time to time common units of NCM held by the Founding Members will be adjusted up or down through a formula ("Common Unit Adjustment"), primarily based on increases or decreases in the number of theatre screens operated and theatre attendance generated by each Founding Member. The common unit adjustment is computed annually, except that an earlier common unit adjustment will occur for a Founding Member if its acquisition or disposition of theatres, in a single transaction or cumulatively since the most recent common unit adjustment, will cause a change of 2% or more in the total annual attendance of all of the Founding Members. In the event that a common unit adjustment is determined to be a negative number, the Founding Member shall cause, at its election, either (a) the transfer and surrender to NCM of a number of common units equal to all or part of such Founding Member's common unit adjustment or (b) pay to NCM an amount equal to such Founding Member's common unit adjustment calculated in accordance with the Common Unit Adjustment Agreement. | ||||||||||||||||||||
        As a result of the Rave theatre acquisitions in December 2012, the Company received 1,728,988 common membership units of NCM, effective March 14, 2013 from the annual Common Unit Adjustment. The Company recorded the additional units received at a fair value of $26,315,000, based on a price for shares of NCM, Inc. on March 14, 2013, of $15.22 per share, and as a new investment (Tranche 2 Investment), with an offsetting adjustment to the Exhibitor Services Agreement to be amortized to revenues over the remaining term of the ESA following the units-of-revenue method. The Rave theatre screens were under a contract with another screen advertising provider and the Company will continue to receive its share of the advertising revenues. During the remainder of the Rave screen contract, the Company will pay a screen integration fee to NCM in an amount that approximates the EBITDA that NCM would have generated if it had been able to sell advertising on the Rave theatre screens. In March 2014, the Company received 141,731 membership units recorded at a fair value of $2,137,000 ($15.08 per unit) with a corresponding credit to the ESA to be amortized following the units-of-revenue method over the remaining term of the ESA. | ||||||||||||||||||||
        The NCM, Inc. IPO and related transactions have the effect of reducing the amounts NCM, Inc. would otherwise pay in the future to various tax authorities as a result of an increase in its proportionate share of tax basis in NCM's tangible and intangible assets. On the IPO date, NCM, Inc. and the Founding Members entered into a tax receivable agreement. Under the terms of this agreement, NCM, Inc. will make cash payments to the Founding Members in amounts equal to 90% of NCM, Inc.'s actual tax benefit realized from the tax amortization of the NCM intangible assets. For purposes of the tax receivable agreement, cash savings in income and franchise tax will be computed by comparing NCM, Inc.'s actual income and franchise tax liability to the amount of such taxes that NCM, Inc. would have been required to pay had there been no increase in NCM, Inc.'s proportionate share of tax basis in NCM's tangible and intangible assets and had the tax receivable agreement not been entered into. The tax receivable agreement shall generally apply to NCM, Inc.'s taxable years up to and including the 30th anniversary date of the NCM, Inc. IPO and related transactions. Prior to the date of the Merger on August 30, 2012, distributions received under the tax receivable agreement from NCM, Inc. were recorded as additional proceeds received related to the Company's Tranche 1 or 2 Investments and were recorded in earnings in a similar fashion to the proceeds received from the NCM, Inc. IPO and the receipt of excess cash distributions. Following the date of the Merger, the Company recorded an intangible asset of $20,900,000 as the fair value of the tax receivable agreement. The tax receivable agreement intangible asset is amortized on a straight-line basis against investment income over the remaining life of the ESA. Cash receipts from NCM, Inc. for the tax receivable agreement are recorded to the investment expense (income) account. | ||||||||||||||||||||
        During the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012, payments received of $8,730,000, $3,677,000, $0, and $0, related to the NCM tax receivable agreement were recorded in investment expense (income), net of related amortization, respectively, for the NCM tax receivable agreement intangible asset. | ||||||||||||||||||||
        Due to the capital transactions following the NCM, Inc. IPO and the quarterly cash distributions paid by NCM to the members, the recorded membership equity in NCM is a deficit. The Company's recorded investment in NCM was adjusted to fair value at the date of the Merger. As a result, the Company's recorded investment in NCM exceeds its proportional ownership in the equity of NCM by approximately $735,795,000 as of December 31, 2014. | ||||||||||||||||||||
        The Company recorded the following related party transactions with NCM: | ||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | December 31, 2014 | December 31, 2013 | ||||||||||||||||||
(Successor) | (Successor) | |||||||||||||||||||
Due from NCM for on-screen advertising revenue | $ | 2,072Â | $ | 2,226Â | ||||||||||||||||
Due to NCM for Exhibitor Services Agreement | 1,784Â | 2,429Â | ||||||||||||||||||
Promissory note payable to NCM | 6,944Â | 8,333Â | ||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||||||
Ended | Ended | August 31, | 2012 through | |||||||||||||||||
December 31, | December 31, | 2012 through | August 30, | |||||||||||||||||
2014 | 2013 | December 31, | 2012 | |||||||||||||||||
2012 | ||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||
Net NCM screen advertising revenues | $ | 34,523Â | $ | 33,790Â | $ | 11,086Â | $ | 11,731Â | ||||||||||||
NCM beverage advertising expense | 12,226Â | 13,809Â | 4,197Â | 6,326Â | ||||||||||||||||
        DCIP Transactions.    The Company will make capital contributions to DCIP for projector and installation costs in excess of an agreed upon cap ($68,000 per system for digital conversions and as of December 31, 2014, $41,500 for new build locations). The Company pays equipment rent monthly and records the equipment rental expense on a straight-line basis over 12 years. | ||||||||||||||||||||
        The Company recorded the following related party transactions with DCIP: | ||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | December 31, 2014 | December 31, 2013 | ||||||||||||||||||
(Successor) | (Successor) | |||||||||||||||||||
Due from DCIP for equipment and warranty purchases | $ | 1,048Â | $ | 663Â | ||||||||||||||||
Deferred rent liability for digital projectors | 9,031Â | 7,747Â | ||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||||||
Ended | Ended | August 31, | 2012 through | |||||||||||||||||
December 31, | December 31, | 2012 through | August 30, | |||||||||||||||||
2014 | 2013 | December 31, | 2012 | |||||||||||||||||
2012 | ||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||
Digital equipment rental expense (continuing operations) | $ | 6,639Â | $ | 11,077Â | $ | 3,338Â | $ | 3,624Â | ||||||||||||
        Open Road Films Transactions.    Open Road Films was launched by the Company and Regal in March 2011, as an acquisition-based domestic theatrical distribution company that concentrates on wide-release movies. Open Road titles are also distributed in the pay-TV and home entertainment markets. The Company has a commitment to invest up to an additional $10,000,000, in the event additional capital is required. | ||||||||||||||||||||
        The Company recorded the following related party transactions with Open Road Films: | ||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | December 31, | December 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
(Successor) | (Successor) | |||||||||||||||||||
Due from Open Road Films | $ | 2,560Â | $ | 2,658Â | ||||||||||||||||
Film rent payable to Open Road Films | 709Â | 1,959Â | ||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||||||
Ended | Ended | August 31, | 2012 through | |||||||||||||||||
December 31, | December 31, | 2012 through | August 30, | |||||||||||||||||
2014 | 2013 | December 31, | 2012 | |||||||||||||||||
2012 | ||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||
Gross film exhibition cost on Open Road Films | $ | 13,300Â | $ | 12,700Â | $ | 5,500Â | $ | 1,550Â | ||||||||||||
AC JV Transactions | ||||||||||||||||||||
        On December 26, 2013, the Company amended and restated its existing ESA with NCM in connection with the spin-off by NCM of its Fathom Events business to AC JV, a newly-formed company owned 32% by each of the Founding Members and 4% by NCM. In consideration for the spin-off, NCM received a total of $25,000,000 in promissory notes from its Founding Members (approximately $8,333,000 from each Founding Member). Interest on the promissory note is at a fixed rate of 5% per annum, compounded annually. Interest and principal payments are due annually in six equal installments commencing on the first anniversary of the closing. Cinemark and Regal also amended and restated their respective ESAs with NCM in connection with the spin-off. The ESAs were modified to remove those provisions addressing the rights and obligations related to digital programing services of the Fathom Events business. Those provisions are now contained in the Amended and Restated Digital Programming Exhibitor Services Agreements (the "Digital ESAs") that were entered into on December 26, 2013 by NCM and each of the Founding Members. These Digital ESAs were then assigned by NCM to AC JV as part of the Fathom spin-off. There were no significant operations from the closing date until December 31, 2013. | ||||||||||||||||||||
        The Company recorded the following related party transactions with AC JV: | ||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | December 31, | December 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
(Successor) | (Successor) | |||||||||||||||||||
Due to AC JV for Fathom Events programming | $ | 333 | $ | — | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||||||
Ended | Ended | August 31, | 2012 through | |||||||||||||||||
December 31, | December 31, | 2012 through | August 30, | |||||||||||||||||
2014 | 2013 | December 31, | 2012 | |||||||||||||||||
2012 | ||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||
Gross exhibition cost on Fathom Events programming | $ | 6,898 | $ | — | $ | — | $ | — | ||||||||||||
Summary Financial Information | ||||||||||||||||||||
        Investments in non-consolidated affiliates accounted for under the equity method as of December 31, 2014, include interests in NCM, DCIP, Open Road Films, AC JV, DCDC, two U.S. motion picture theatres and one IMAX screen, and other immaterial investments. | ||||||||||||||||||||
        Condensed financial information of the Company's non-consolidated equity method investments is shown below and amounts are presented under GAAP for the periods of ownership by the Company: | ||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
December 31, 2014 (Successor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Current assets | $ | 134,900 | $ | 53,229 | $ | 44,498 | $ | 10,993 | $ | 11,649 | $ | 255,269 | ||||||||
Noncurrent assets | 546,200 | 1,044,417 | 12,260 | 22,948 | 25,296 | 1,651,121 | ||||||||||||||
Total assets | 681,100 | 1,097,646 | 56,758 | 33,941 | 36,945 | 1,906,390 | ||||||||||||||
Current liabilities | 106,500 | 24,036 | 64,080 | 4,238 | 3,538 | 202,392 | ||||||||||||||
Noncurrent liabilities | 892,000 | 821,282 | 22,582 | — | — | 1,735,864 | ||||||||||||||
Total liabilities | 998,500 | 845,318 | 86,662 | 4,238 | 3,538 | 1,938,256 | ||||||||||||||
Stockholders' equity (deficit) | (317,400 | ) | 252,328 | (29,904 | ) | 29,703 | 33,407 | (31,866 | ) | |||||||||||
Liabilities and stockholders' equity | 681,100 | 1,097,646 | 56,758 | 33,941 | 36,945 | 1,906,390 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
The Company's recorded investment(1) | $ | 265,839 | $ | 62,236 | $ | (9,570 | ) | $ | 6,255 | $ | 7,680 | $ | 332,440 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||||||
December 31, 2013 (Successor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Current assets | $ | 141,600 | $ | 140,353 | $ | 60,431 | $ | 806 | $ | 14,069 | $ | 357,259 | ||||||||
Noncurrent assets | 557,600 | 1,124,517 | 10,341 | 24,464 | 24,281 | 1,741,203 | ||||||||||||||
Total assets | 699,200 | 1,264,870 | 70,772 | 25,270 | 38,350 | 2,098,462 | ||||||||||||||
Current liabilities | 122,400 | 34,919 | 69,530 | — | 6,301 | 233,150 | ||||||||||||||
Noncurrent liabilities | 876,000 | 1,028,191 | 15,918 | — | — | 1,920,109 | ||||||||||||||
Total liabilities | 998,400 | 1,063,110 | 85,448 | — | 6,301 | 2,153,259 | ||||||||||||||
Stockholders' equity (deficit) | (299,200 | ) | 201,760 | (14,676 | ) | 25,270 | 32,049 | (54,797 | ) | |||||||||||
Liabilities and stockholders' equity | 699,200 | 1,264,870 | 70,772 | 25,270 | 38,350 | 2,098,462 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
The Company's recorded investment(1) | $ | 272,407 | $ | 45,831 | $ | (1,920 | ) | $ | 4,785 | $ | 6,807 | $ | 327,910 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
-1 | Certain differences in the Company's recorded investments, and its proportional ownership share resulting from the Merger where the investments were recorded at fair value and are amortized to equity in (earnings) losses of non-consolidated entities over the estimated useful lives the underlying assets and liabilities. Other non-amortizing differences are considered to represent goodwill and are evaluated for impairment annually. | |||||||||||||||||||
        Condensed financial information of the Company's non-consolidated equity method investments is shown below and amounts are presented under GAAP for the periods of ownership by the Company: | ||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
12 Months Ended December 31, 2014 (Successor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Revenues | $ | 394,000 | $ | 170,724 | $ | 175,374 | $ | 42,102 | $ | 26,887 | $ | 809,087 | ||||||||
Operating costs and expenses | 297,700 | 109,430 | 190,602 | 37,669 | 26,072 | 661,473 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | 96,300 | $ | 61,294 | $ | (15,228 | ) | $ | 4,433 | $ | 815 | $ | 147,614 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||||||
12 Months Ended December 31, 2013 (Successor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Revenues | $ | 462,800 | $ | 182,659 | $ | 140,350 | $ | — | $ | 18,517 | $ | 804,326 | ||||||||
Operating costs and expenses | 299,900 | 133,700 | 130,628 | — | 18,546 | 582,774 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | 162,900 | $ | 48,959 | $ | 9,722 | $ | — | $ | (29 | ) | $ | 221,552 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||||||
From Inception August 31, 2012 through December 31, 2012 (Successor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Revenues | $ | 178,100 | $ | 56,851 | $ | 39,701 | $ | — | $ | 9,128 | $ | 283,780 | ||||||||
Operating costs and expenses | 144,000 | 43,052 | 61,083 | — | 11,088 | 259,223 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | 34,100 | $ | 13,799 | $ | (21,382 | ) | $ | — | $ | (1,960 | ) | $ | 24,557 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||||||
March 30, 2012 through August 30, 2012 (Predecessor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Revenues | $ | 231,600 | $ | 71,560 | $ | 42,563 | $ | — | $ | 14,680 | $ | 360,403 | ||||||||
Operating costs and expenses | 167,900 | 55,378 | 55,395 | — | 14,820 | 293,493 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | 63,700 | $ | 16,182 | $ | (12,832 | ) | $ | — | $ | (140 | ) | $ | 66,910 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
        The components of the Company's recorded equity in earnings (losses) of non-consolidated entities are as follows: | ||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||||||
Ended | Ended | August 31, | 2012 through | |||||||||||||||||
December 31, | December 31, | 2012 through | August 30, | |||||||||||||||||
2014 | 2013 | December 31, | 2012 | |||||||||||||||||
2012 | ||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||
National CineMedia, LLC | $ | 11,311 | $ | 23,196 | $ | 4,271 | $ | 7,473 | ||||||||||||
Digital Cinema Implementation Partners, LLC | 20,929 | 18,660 | 4,436 | 4,941 | ||||||||||||||||
Open Road Releasing, LLC | (7,650 | ) | 4,861 | (10,691 | ) | (6,416 | ) | |||||||||||||
AC JV, LLC | 1,470 | — | — | — | ||||||||||||||||
Other | 555 | 718 | (496 | ) | 1,547 | |||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |||||
The Company's recorded equity in earnings (losses) | $ | 26,615 | $ | 47,435 | $ | (2,480 | ) | $ | 7,545 | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |||||
        The Company recorded the following changes in the carrying amount of its investment in NCM and equity in earnings of NCM during the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012: | ||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | Investment in | Exhibitor | Other | Cash | Equity in | Advertising | ||||||||||||||
NCM(1) | Services | Comprehensive | Received | (Earnings) | (Revenue) | |||||||||||||||
Agreement(2) | (Income) | Losses | ||||||||||||||||||
Ending balance March 29, 2012 | $ | 71,517 | $ | (328,442 | ) | $ | — | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | |
Receipt of excess cash distributions | $ | (1,701 | ) | $ | — | $ | — | $ | 6,667 | $ | (4,966 | ) | $ | — | ||||||
Change in interest loss | (16 | ) | — | — | — | 16 | — | |||||||||||||
Amortization of ESA | — | 2,367 | — | — | — | (2,367 | ) | |||||||||||||
Equity in earnings(3) | 2,523 | — | — | — | (2,523 | ) | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Ending balance August 30, 2012 | $ | 72,323 | $ | (326,075 | ) | $ | — | $ | 6,667 | $ | (7,473 | ) | $ | (2,367 | ) | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Purchase price fair value adjustment | 177,832 | 3,453 | — | — | — | — | ||||||||||||||
Receipt of excess cash distributions | (10,176 | ) | — | — | 10,176 | — | ||||||||||||||
Amortization of ESA | — | 4,468 | — | — | — | (4,468 | ) | |||||||||||||
Unrealized gain | 797 | — | (797 | ) | — | — | — | |||||||||||||
Equity in earnings(3) | 4,271 | — | — | — | (4,271 | ) | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Ending balance December 31, 2012 | $ | 245,047 | $ | (318,154 | ) | $ | (797 | ) | $ | 10,176 | $ | (4,271 | ) | $ | (4,468 | ) | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Receipt of common units | 26,315 | (26,315 | ) | — | — | — | — | |||||||||||||
Receipt of excess cash distributions | (27,453 | ) | — | — | 27,453 | — | — | |||||||||||||
Amortization of ESA | — | 14,556 | — | — | — | (14,556 | ) | |||||||||||||
Unrealized gain from cash flow hedge | 1,485 | — | (1,485 | ) | — | — | — | |||||||||||||
Adjust carrying value of AC JV, LLC(6) | 3,817 | — | — | — | — | — | ||||||||||||||
Change in interest gain(4) | 5,012 | — | — | — | (5,012 | ) | — | |||||||||||||
Equity in earnings(3) | 21,149 | — | — | — | (21,149 | ) | — | |||||||||||||
Equity in loss from amortization of basis difference(5) | (2,965 | ) | — | — | — | 2,965 | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Ending balance December 31, 2013 | $ | 272,407 | $ | (329,913 | ) | $ | (2,282 | ) | $ | 27,453 | $ | (23,196 | ) | $ | (14,556 | ) | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Receipt of common units | 2,137 | (2,137 | ) | — | — | — | — | |||||||||||||
Receipt of excess cash distributions | (21,514 | ) | — | — | 21,514 | — | — | |||||||||||||
Amortization of ESA | — | 15,235 | — | — | — | (15,235 | ) | |||||||||||||
Unrealized gain from cash flow hedge | 1,498 | — | (1,498 | ) | — | — | — | |||||||||||||
Equity in earnings(3) | 14,446 | — | — | — | (14,446 | ) | — | |||||||||||||
Equity in loss from amortization of basis difference(5) | (3,135 | ) | — | — | — | 3,135 | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Ending balance December 31, 2014 | $ | 265,839 | $ | (316,815 | ) | $ | (3,780 | ) | $ | 21,514 | $ | (11,311 | ) | $ | (15,235 | ) | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
-1 | Represents AMC's investment through the date of the Merger on August 30, 2012 in 4,417,042 common membership units received under the Common Unit Adjustment Agreement dated as of February 13, 2007 (Predecessor Tranche 2 Investments). AMC's investment in 12,906,740 common membership units (Predecessor Tranche 1 Investment) was carried at zero cost through the date of the Merger. As of the date of the Merger, the Company's investment in NCM consisted of a single investment tranche (Tranche 1 Investment) of 17,323,782 membership units recorded at fair value (Level 1). As a result of the Rave theatre acquisitions in December of 2012, and as provided under the Common Unit Adjustment Agreement, the Company received 1,728,988 additional NCM common membership units in 2013 valued at $26,315,000 and is recorded in a second tranche, (Tranche 2 Investment). In March 2014, the Company received 141,731 membership units recorded at a fair value of $2,137,000 ($15.08 per unit) with a corresponding credit to the ESA and is recorded as a part of the Tranche 2 Investment. | |||||||||||||||||||
-2 | Represents the unamortized portion of the ESA with NCM. Such amounts are being amortized to other theatre revenues over the remainder of the 30 year term of the ESA ending in 2036, using a units-of-revenue method, as described in ASC 470-10-35 (formerly EITF 88-18, Sales of Future Revenues). In connection with the Merger on August 30, 2012, the amounts related to the ESA were adjusted to estimated fair value. For further information, see Note 2—Merger. | |||||||||||||||||||
-3 | Represents equity in earnings on the Predecessor Tranche 2 investments only through August 30, 2012. Subsequent to August 30, 2012, represents percentage of ownership equity in earnings for Successor on both Tranche 1 and Tranche 2 Investments. | |||||||||||||||||||
-4 | Non-cash gains were recorded in 2013 to adjust the Company's investment balance due to NCM's issuance of 8,688,078 common membership units to other founding members, at a price per share in excess of the Company's average carrying amount per share. | |||||||||||||||||||
-5 | Certain differences between the Company's carrying value and the Company's share of NCM's membership equity have been identified and are amortized to equity in (earnings) losses in non-consolidated entities over the respective lives of the assets and liabilities. | |||||||||||||||||||
-6 | On December 26, 2013, NCM spun-off its Fathom Events business to a newly formed limited liability company, AC JV, LLC which is owned 32% by each founding member and 4% by NCM. In consideration for the sale, each of the three founding members issued promissory notes of approximately $8,333,000 to NCM. The Company's share of the gain recorded by NCM, as a result of the spin-off, has been excluded from equity in earnings and has been applied as a reduction in the carrying value of AC JV, LLC investment. | |||||||||||||||||||
SUPPLEMENTAL_BALANCE_SHEET_INF
SUPPLEMENTAL BALANCE SHEET INFORMATION | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
SUPPLEMENTAL BALANCE SHEET INFORMATION | ||||||||
SUPPLEMENTAL BALANCE SHEET INFORMATION | ||||||||
NOTE 8—SUPPLEMENTAL BALANCE SHEET INFORMATION | ||||||||
        Other assets and liabilities consist of the following: | ||||||||
                                                                                                                                                                                    | ||||||||
(In thousands) | December 31, | December 31, | ||||||
2014 | 2013 | |||||||
(Successor) | (Successor) | |||||||
Other current assets: | ||||||||
Prepaid rent | $ | 39,021Â | $ | 37,839Â | ||||
Income taxes receivable | 3,029Â | 3,871Â | ||||||
Prepaid insurance and other | 16,512Â | 18,578Â | ||||||
Merchandise inventory | 10,516Â | 10,645Â | ||||||
Other | 15,265Â | 9,891Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
$ | 84,343Â | $ | 80,824Â | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Other long-term assets: | ||||||||
Investments in real estate | $ | 11,300Â | $ | 10,733Â | ||||
Deferred financing costs | 13,129Â | 7,841Â | ||||||
Investments in equity method investees | 332,440Â | 327,910Â | ||||||
Computer software | 38,619Â | 39,237Â | ||||||
Investment in RealDÂ Inc. common stock | 14,429Â | 10,442Â | ||||||
Other | 7,687Â | 6,341Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
$ | 417,604Â | $ | 402,504Â | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Accrued expenses and other liabilities: | ||||||||
Taxes other than income | $ | 47,988Â | $ | 46,251Â | ||||
Interest | 13,649Â | 9,783Â | ||||||
Payroll and vacation | 10,901Â | 21,697Â | ||||||
Current portion of casualty claims and premiums | 9,211Â | 10,030Â | ||||||
Accrued bonus | 16,771Â | 36,916Â | ||||||
Theatre and other closure | 7,709Â | 6,405Â | ||||||
Accrued licensing and percentage rent | 14,399Â | 19,241Â | ||||||
Current portion of pension and other benefits liabilities | 781Â | 766Â | ||||||
Other | 14,853Â | 19,831Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
$ | 136,262Â | $ | 170,920Â | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Other long-term liabilities: | ||||||||
Unfavorable lease obligations | $ | 165,073Â | $ | 194,233Â | ||||
Deferred rent | 120,184Â | 55,272Â | ||||||
Pension and other benefits | 48,436Â | 30,177Â | ||||||
RealD deferred lease incentive | 16,047Â | 18,635Â | ||||||
Casualty claims and premiums | 10,327Â | 9,525Â | ||||||
Theatre and other closure | 45,126Â | 48,758Â | ||||||
Other | 14,524Â | 14,346Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
$ | 419,717Â | $ | 370,946Â | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
CORPORATE_BORROWINGS_AND_CAPIT
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS | |||||||||||||||||
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE | |||||||||||||||||
NOTE 9—CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS | |||||||||||||||||
        A summary of the carrying value of corporate borrowings and capital and financing lease obligations is as follows: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
(In thousands) | December 31, | December 31, | |||||||||||||||
2014 | 2013 | ||||||||||||||||
(Successor) | (Successor) | ||||||||||||||||
Senior Secured Credit Facility-Term Loan due 2020 (3.50% as of December 31, 2014) | $ | 760,018 | $ | 767,502 | |||||||||||||
5% Promissory Note payable to NCM due 2019 | 6,944 | 8,333 | |||||||||||||||
8.75% Senior Fixed Rate Notes due 2019 | — | 647,666 | |||||||||||||||
9.75% Senior Subordinated Notes due 2020 | 649,043 | 655,310 | |||||||||||||||
5.875 Senior Subordinated Notes due 2022 | 375,000 | — | |||||||||||||||
Capital and financing lease obligations, 8.25%-11.5% | 109,258 | 116,199 | |||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||
1,900,263 | 2,195,010 | ||||||||||||||||
Less: current maturities | (23,598 | ) | (16,080 | ) | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||
$ | 1,876,665 | $ | 2,178,930 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||||||||
        The carrying amount of corporate borrowings includes a net premium amount of $47,623,000 for unamortized premiums and discounts as of December 31, 2014. | |||||||||||||||||
        Minimum annual payments required under existing capital and financing lease obligations (net present value thereof) and maturities of corporate borrowings as of December 31, 2014 are as follows: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
Capital and Financing Lease Obligations | |||||||||||||||||
Principal | |||||||||||||||||
Amount of | |||||||||||||||||
Corporate | |||||||||||||||||
(In thousands) | Minimum Lease | Less Interest | Principal | Borrowings | Total | ||||||||||||
Payments | |||||||||||||||||
2015 | $ | 16,933Â | $ | 9,207Â | $ | 7,726Â | $ | 15,914Â | $ | 23,640Â | |||||||
2016 | 16,943Â | 8,474Â | 8,469Â | 16,473Â | 24,942Â | ||||||||||||
2017 | 16,951Â | 7,671Â | 9,280Â | 17,067Â | 26,347Â | ||||||||||||
2018 | 17,112Â | 6,782Â | 10,330Â | 17,713Â | 28,043Â | ||||||||||||
2019 | 15,530Â | 5,852Â | 9,678Â | 18,407Â | 28,085Â | ||||||||||||
Thereafter | 81,042Â | 17,267Â | 63,775Â | 1,706,849Â | 1,770,624Â | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Total | $ | 164,511Â | $ | 55,253Â | $ | 109,258Â | $ | 1,792,423Â | $ | 1,901,681Â | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
AMCE's Senior Secured Credit Facility | |||||||||||||||||
        The Senior Secured Credit Facility is with a syndicate of banks and other financial institutions and, as a result of the third amendment on December 15, 2010, the term loan maturity was extended from January 26, 2013 to December 15, 2016 (the "Term Loan due 2016") for the then aggregate principal amount of $476,597,000 held by lenders who consented to the amendment. The remaining then aggregate term loan principal amount of $142,528,000 (the "Term Loan due 2013") was scheduled to mature on January 26, 2013. The Senior Secured Credit Facility also provided for a revolving credit facility of $192,500,000 that would mature on December 15, 2015. The revolving credit facility included borrowing capacity available for letters of credit and for swingline borrowings on same-day notice. | |||||||||||||||||
        Incremental Amendment.    On February 22, 2012, AMCE entered into an amendment to its Senior Secured Credit Facility pursuant to which AMCE borrowed term loans (the "Term Loan due 2018"), and used the proceeds, together with cash on hand, to repay the existing Term Loan due 2013. The Term Loan due 2018 was issued under the Senior Secured Credit Facility for $300,000,000 aggregate principal amount and the net proceeds received were $297,000,000. The 1% discount was amortized to interest expense over the term of the loan until the Merger date of August 30, 2012, when the debt was re-measured at fair value. The Term Loan due 2018 required repayments of principal of 1%, or $3,000,000, per annum and the remaining principal payable upon maturity on February 22, 2018. | |||||||||||||||||
        Fourth Amendment.    On July 2, 2012, AMCE entered into a waiver and fourth amendment to its Senior Secured Credit Facility dated as of January 26, 2006 to, among other things: (i) waive a certain specified default that would otherwise occur upon the change of control effected by the Merger, (ii) permit the Company to change its fiscal year after completion of the Merger, (iii) reflect the change in ownership going forward by restating the definition of "Permitted Holder" to include only Wanda and its affiliates under the Senior Secured Credit Facility in connection with the Merger, (iv) provide for a minimum LIBOR percentage of 1.00%, from, and only after, the completion of the Merger, in determining the interest rate to the Term Loan due 2016, and (v) provide for an interest rate of LIBOR plus 375 basis points to the Term Loan due 2018, from and only after, the completion of the Merger. | |||||||||||||||||
        In connection with the waiver and fourth amendment, AMCE paid consent fees to lenders equal to 0.25% of the sum of the revolving credit commitment of such consenting lender and the aggregate outstanding principal amount of term loans held by such consenting lender. AMCE made total consent fee payments to lenders for the fourth amendment of $2,256,000 and recorded it as deferred charges to be amortized as an adjustment to interest expense over the remaining term of the related term loan or revolving credit facility. AMCE recorded deferred charges for the consent fees of $438,000 on the Revolving Credit Facility pursuant to ASC 470-50-40-21 and recorded deferred charges of $1,108,000 for the Term Loan due 2016 and $710,000 for the Term Loan due 2018 pursuant to ASC 470-50-40-17b. | |||||||||||||||||
        New Senior Secured Credit Facility.    On April 30, 2013, AMCE entered into a new $925,000,000 Senior Secured Credit Facility pursuant to which AMCE borrowed term loans and used the proceeds to fund the redemption of both the Term Loan due 2016 and the Term Loan due 2018. The Senior Secured Credit Facility is comprised of a $150,000,000 Revolving Credit Facility, which matures on April 30, 2018 (the "Revolving Credit Facility"), and a $775,000,000 term loan, which matures on April 30, 2020 (the "Term Loan due 2020"). The Term Loan due 2020 requires repayments of principal of 0.25% of the original principal amount, or $1,937,500, per quarter, with the remaining principal payable upon maturity. The term loan was issued at a 0.25% discount, which will be amortized to interest expense over the term of the loan. AMCE capitalized deferred financing costs of approximately $6,909,000 related to the issuance of the Revolving Credit Facility and approximately $2,217,000 related to the issuance of the Term Loan due 2020 during calendar 2013. Concurrently with the Term Loan due 2020 borrowings on April 30, 2013, AMCE redeemed all of the outstanding Term Loan due 2016 and the Term Loan due 2018 at a redemption price of 100% of the outstanding aggregate principal balance of $464,088,000 and $296,250,000, respectively, plus accrued and unpaid interest. AMCE recorded a net gain of approximately $(130,000) in other expense (income), which consisted of the Term Loan due 2016 premium write-off, partially offset by the expense for the third-party costs incurred in connection with the repurchase of the Term Loan due 2016 and the Term Loan due 2018, during the twelve months ended December 31, 2013. At December 31, 2014, the aggregate principal balance of the Term Loan due 2020 was $761,438,000 and there were no borrowings under the Revolving Credit Facility. As of December 31, 2014, AMCE had approximately $136,798,000 available for borrowing, net of letters of credit, under its Revolving Senior Credit Facility. | |||||||||||||||||
        Borrowings under the Senior Secured Credit Facility bear interest at a rate equal to an applicable margin plus, at the Company's option, either a base rate or LIBOR. The minimum rate for base rate borrowings is 1.75% and the minimum rate for LIBOR-based borrowings is 0.75%. The applicable margin for the Term loan due 2020 is 1.75% for base rate borrowings and 2.75% for LIBOR based loans. The applicable margin for the Revolving Credit Facility ranges from 1.25% to 1.5% for base rate borrowings and from 2.25% to 2.5% for LIBOR based borrowings. The Revolving Credit Facility also provides for an unused commitment fee of 0.50% per annum and for letter of credit fees of up to 0.25% per annum plus the applicable margin for LIBOR-based borrowings on the undrawn amount of the letter of credit. The applicable rate for borrowings under the Term Loan due 2020 at December 31, 2014 was 3.5% based on LIBOR (2.75% margin plus 0.75% minimum LIBOR rate). Prior to redemption, the applicable rate for borrowings under the Term Loan due 2016 at April 30, 2013 was 4.25% based on LIBOR (3.25% margin plus 1.00% minimum LIBOR rate) and the applicable rate for borrowings under the Term Loan due 2018 was 4.75% (3.75% margin plus 1.00% minimum LIBOR rate). AMCE is obligated to repay $7,750,000 of the Term Loan due 2020 per annum through April 30, 2019, with any remaining balance due on April 30, 2020. AMCE may voluntarily repay outstanding loans under the Senior Secured Credit Facility at any time without premium or penalty, other than customary "breakage" costs with respect to LIBOR loans. | |||||||||||||||||
        The Senior Secured Credit Facility contains a number of covenants that, among other things, restrict, subject to certain exceptions, the ability of AMCE and its subsidiaries, to sell assets; incur additional indebtedness; prepay other indebtedness (including the notes); pay dividends and distributions or repurchase their capital stock; create liens on assets; make investments; make acquisitions; engage in mergers or consolidations; engage in transactions with affiliates; amend constituent documents and material agreements governing subordinated indebtedness, including the Notes due 2020; change the business conducted by it and its subsidiaries; and enter into agreements that restrict dividends from subsidiaries. In addition, the Senior Secured Credit Facility requires AMCE and its subsidiaries to maintain, on the last day of each fiscal quarter, a net senior secured leverage ratio, as defined in the Senior Secured Credit Facility, of no more than 3.25 to 1 as long as the commitments under the Revolving Credit Facility remain outstanding. The Senior Secured Credit Facility also contains certain customary affirmative covenants and events of default, including the occurrence of (i) a change in control, as defined in the Senior Secured Credit Facility, (ii) defaults under other indebtedness of AMCE, any guarantor or any significant subsidiary having a principal amount of $25,000,000 or more, and (iii) one or more uninsured judgments against the AMCE, any guarantor, or any significant subsidiary for an aggregate amount exceeding $25,000,000 with respect to which enforcement proceedings are brought or a stay of enforcement is not in effect for any period of 60 consecutive days. | |||||||||||||||||
        All obligations under the Senior Secured Credit Facility are guaranteed by each of AMCE's wholly-owned domestic subsidiaries. All obligations under the Senior Secured Credit Facility, and the guarantees of those obligations (as well as cash management obligations), are secured by substantially all of AMCE's assets as well as those of each subsidiary guarantor. | |||||||||||||||||
AMCE's Notes Due 2019 | |||||||||||||||||
        On June 9, 2009, AMCE issued $600,000,000 aggregate principal amount of 8.75% Senior Notes due 2019 (the "Notes due 2019") issued under an indenture with U.S. Bank, National Association, as trustee. The Notes due 2019 bear interest at a rate of 8.75% per annum, payable on June 1 and December 1 of each year (commencing on December 1, 2009), and have a maturity date of June 1, 2019. The Notes due 2019 are redeemable at AMCE's option in whole or in part, at any time on or after June 1, 2014 at 104.375% of the principal amount thereof, declining ratably to 100% of the principal amount thereof on or after June 1, 2017, plus accrued and unpaid interest to the redemption date. | |||||||||||||||||
        The Notes due 2019 are general unsecured senior obligations of AMCE, fully and unconditionally guaranteed, jointly and severally, on a senior basis by each of AMCE's existing and future domestic restricted subsidiaries that guarantee its other indebtedness. | |||||||||||||||||
        In connection with the Merger on August 30, 2012, the carrying value of the Notes due 2019 was adjusted to fair value. As a result, a premium of $57,000,000 was recorded and will be amortized to interest expense utilizing the interest rate method over the remaining term of the notes. Quoted market prices were used to estimate the fair value of the Notes due 2019 (Level 2) at the date of the Merger. AMCE determined the premium for the Notes due 2019 as the difference between the fair value of the Notes due 2019 and the principal balance of the Notes due 2019. | |||||||||||||||||
        On January 15, 2014, AMCE launched a cash tender offer and consent solicitation for any and all of its outstanding Notes due 2019 at a purchase price of $1,038.75 plus a $30.00 consent fee for each $1,000 principal amount of Notes due 2019 validly tendered and accepted by AMCE on or before the consent payment deadline on January 29, 2014 at 5:00 p.m. New York City time (the "Consent Date"). Holders of $463,950,000, or approximately 77.33%, of the Notes due 2019 validly tendered (or defective tender waived by AMCE) and did not withdraw their Notes due 2019 prior to the expiration of the Consent Date. An additional $14,000 of Notes due 2019 was tendered from the Consent Date to the expiration date of the tender offer. The consents received exceeded the amount needed to approve the proposed amendments to the indenture under which the Notes due 2019 were issued. | |||||||||||||||||
        On February 7, 2014, AMCE amended the indenture governing the Notes due 2019 to eliminate substantially all of the restrictive covenants and certain events of default and other related provisions. On February 7, 2014, AMCE accepted for purchase $463,950,000 aggregate principal amount, plus accrued and unpaid interest of the Notes due 2019, at a purchase price of $1,038.75 plus a $30.00 consent fee for each $1,000 principal amount of Notes due 2019 validly tendered (or defective tender waived by AMCE), and, on February 14, 2014, AMCE accepted for purchase the additional $14,000 of Notes due 2019 tendered after the Consent Date, plus accrued and unpaid interest, at a purchase price of $1,038.75 for each $1,000 principal amount of Notes due 2019 validly tendered. | |||||||||||||||||
        On April 22, 2014, AMCE gave notice for redemption of all outstanding Notes due 2019 on a redemption date of June 1, 2014 (the "Redemption Date") at a redemption price of 104.375% of the principal amount together with accrued and unpaid interest to the Redemption Date. The aggregate principal amount of the Notes due 2019 outstanding on April 22, 2014 was $136,036,000. AMCE completed the redemption of all of its outstanding Notes due 2019 on June 2, 2014. | |||||||||||||||||
        The Company recorded a gain on extinguishment related to the cash tender offer and redemption of the Notes due 2019 of approximately $8,544,000 in other income, partially offset by other expenses of $158,000 during the twelve months ended December 31, 2014. | |||||||||||||||||
AMCE's Notes Due 2020 | |||||||||||||||||
        On December 15, 2010, AMCE completed the offering of $600,000,000 aggregate principal amount of its Notes due 2020. The Notes due 2020 mature on December 1, 2020, pursuant to an indenture dated as of December 15, 2010, among AMCE, the Guarantors named therein and U.S. Bank National Association, as trustee. AMCE will pay interest on the Notes due 2020 at 9.75% per annum, semi-annually in arrears on June 1 and December 1, commencing on June 1, 2011. AMCE may redeem some or all of the Notes due 2020 at any time on or after December 1, 2015 at 104.875% of the principal amount thereof, declining ratably to 100% of the principal amount thereof on or after December 1, 2018, plus accrued and unpaid interest to the redemption date. | |||||||||||||||||
        The Indenture provides that the Notes due 2020 are general unsecured senior subordinated obligations of AMCE and are fully and unconditionally guaranteed on a joint and several senior subordinated unsecured basis by all of its existing and future domestic restricted subsidiaries that guarantee its other indebtedness. The Notes due 2020 are not guaranteed by Holdings. | |||||||||||||||||
        The indenture governing the Notes due 2020 contains covenants limiting other indebtedness, dividends, purchases or redemptions of stock, transactions with affiliates and mergers and sales of assets. | |||||||||||||||||
        In connection with the Merger on August 30, 2012, the carrying value of the Notes due 2020 was adjusted to fair value. As a result, a premium of $63,000,000 was recorded and will be amortized to interest expense over the remaining term of the notes. Quoted market prices were used to estimate the fair value of AMCE's Notes due 2020 (Level 2) at the Merger. AMCE determined the premium for the Notes due 2020 as the difference between the fair value of the Notes due 2020 and the principal balance of the Notes due 2020. | |||||||||||||||||
AMCE's Notes Due 2022 | |||||||||||||||||
        On February 7, 2014, AMCE completed an offering of $375,000,000 aggregate principal amount of its Senior Subordinated Notes due 2022 (the "Notes due 2022") in a private offering. The Notes due 2022 mature on February 15, 2022. AMCE will pay interest on the Notes due 2022 at 5.875% per annum, semi-annually in arrears on February 15th and August 15th, commencing on August 15, 2014. AMCE may redeem some or all of the Notes due 2022 at any time on or after February 15, 2017 at 104.406% of the principal amount thereof, declining ratably to 100% of the principal amount thereof on or after February 15, 2020, plus accrued and unpaid interest to the redemption date. Prior to February 15, 2017, AMCE may redeem the Notes due 2022 at par plus a make-whole premium. AMCE used the net proceeds from the Notes due 2022 private offering, together with a portion of the net proceeds from the Holdings' IPO, to pay the consideration and consent payments for the tender offer for the Notes due 2019, plus any accrued and unpaid interest and related transaction fees and expenses. | |||||||||||||||||
        The Notes due 2022 are general unsecured senior subordinated obligations of AMCE and are fully and unconditionally guaranteed on a joint and several unsecured senior subordinated basis by all of its existing and future domestic restricted subsidiaries that guarantee its other indebtedness. The Notes due 2022 are not guaranteed by Holdings. | |||||||||||||||||
        The indenture governing the Notes due 2022 contains covenants limiting other indebtedness, dividends, purchases or redemptions of stock, transactions with affiliates and mergers and sales of assets. | |||||||||||||||||
        AMCE filed a registration statement on April 1, 2014 pursuant to the Securities Act of 1933, as amended, relating to an offer to exchange the original Notes due 2022 for exchange Notes due 2022. The registration statement was declared effective on April 9, 2014. After the exchange offer expired on May 9, 2014, all of the original Notes due 2022 were exchanged. | |||||||||||||||||
Consent Solicitation | |||||||||||||||||
        On June 22, 2012, AMCE announced it had received the requisite consents from holders of each of its Notes due 2019 and its Notes due 2020 and, collectively with the Notes due 2019, the ("Notes") for (i) a waiver of the requirement for AMCE to comply with the "change of control" covenant in each of the indentures governing the Notes due 2019 and the indenture governing the Notes due 2020 (collectively, the "Indentures"), in connection with the Merger (the "Waivers"), including AMCE's obligation to make a "change of control offer" in connection with the Merger with respect to each series of Notes, and (ii) certain amendments to the Indentures to reflect the change in ownership going forward by adding Wanda and its affiliates to the definition of "Permitted Holder" under each of the Indentures. AMCE entered into supplemental indentures to give effect to the Waivers and certain amendments to the Indentures, which became operative upon payment of the applicable consent fee immediately prior to the closing of the Merger. The holders of each of the Notes due 2019 and Notes due 2020, who validly consented to the Waiver and the proposed amendments, received a consent fee of $2.50 per $1,000 principal amount at the closing date of the Merger. The total consent fees were $2,376,000. See Note 2—Merger for additional information regarding the recording of the consent fees. | |||||||||||||||||
OpCo's Promissory Note | |||||||||||||||||
        See Note 7—Investments for information regarding the 5% Promissory Note payable to NCM. | |||||||||||||||||
Financial Covenants | |||||||||||||||||
        Each indenture relating to the Notes due 2022 and the Notes due 2020 allows AMCE to incur specified permitted indebtedness (as defined therein) without restriction. Each indenture also allows AMCE to incur any amount of additional debt as long as it can satisfy the coverage ratio of each indenture, after giving effect to the indebtedness on a pro forma basis. Under the indenture for the Notes due 2020 (AMCE's most restrictive indenture), at December 31, 2014 AMCE could borrow approximately $1,976,500,000 (assuming an interest rate of 6.25% per annum on the additional indebtedness) in addition to specified permitted indebtedness. If AMCE cannot satisfy the coverage ratios of the indentures, generally it can borrow an additional amount under the Senior Secured Credit Facility. The indentures also contain restrictions on AMCE's ability to make distributions to Holdings. Under the most restrictive provision set forth in the note indenture for the Notes due 2020, as of December 31, 2014, the amount of loans and dividends which AMCE could make to Holdings could not exceed approximately $713,526,000 in the aggregate. | |||||||||||||||||
        As of December 31, 2014, AMCE was in compliance with all financial covenants relating to the Senior Secured Credit Facility, the Notes due 2020, and the Notes due 2022. | |||||||||||||||||
STOCKHOLDERS_EQUITY
STOCKHOLDERS' EQUITY | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
STOCKHOLDERS' EQUITY | |||||||||
STOCKHOLDERS' EQUITY | |||||||||
NOTE 10—STOCKHOLDERS' EQUITY | |||||||||
Common Stock Rights and Privileges | |||||||||
        On December 17, 2013, Holdings reclassified each share of its existing Class A common stock and Class N common stock by filing an amendment to its certificate of incorporation. Pursuant to the reclassification, which substantively resulted in a stock split, each holder of shares of existing Class A common stock received 49.514 shares of Class B common stock for one share of existing Class A common stock, and each holder of shares of Class N common stock received 49.514 shares of new Class A common stock for one share of Class N common stock. | |||||||||
        The rights of the holders of Holdings' Class A common stock and Holdings' Class B common stock are identical, except with respect to voting and conversion applicable to the Class B common stock. Holders of Holdings' Class A common stock are entitled to one vote per share and holders of Holdings' Class B common stock are entitled to three votes per share. Holders of Class A common stock and Class B common stock will share ratably (based on the number of shares of common stock held) in any dividend declared by its board of directors, subject to any preferential rights of any outstanding preferred stock. The Class A common stock is not convertible into any other shares of Holdings' capital stock. Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. In addition, each share of Class B common stock shall convert automatically into one share of Class A common stock upon any transfer, whether or not for value, except for certain transfers described in Holdings' certificate of incorporation. | |||||||||
Dividends | |||||||||
        The following is a summary of dividends and dividend equivalents paid to stockholders during the twelve months ended December 31, 2014: | |||||||||
                                                                                                                                                                                    | |||||||||
Declaration Date | Record Date | Date Paid | Amount per | ||||||
Share of | |||||||||
Common Stock | |||||||||
April 25, 2014 | June 6, 2014 | June 16, 2014 | $ | 0.20 | |||||
July 29, 2014 | September 5, 2014 | September 15, 2014 | 0.20 | ||||||
October 27, 2014 | December 5, 2014 | December 15, 2014 | 0.20 | ||||||
        The Company paid dividends and dividend equivalents of $58,504,000 during the twelve months ended December 31, 2014, increased additional paid-in capital for recognition of deferred tax assets of $27,000 related to the dividend equivalents paid, and accrued $225,000 for the remaining unpaid dividends at December 31, 2014. The aggregate dividends paid for Class A common stock, Class B common stock, and dividend equivalents were approximately $12,937,000, $45,496,000, and $71,000, respectively. | |||||||||
        During the twelve months ended December 31, 2013, AMCE used cash on hand to make a dividend distribution to Holdings to purchase treasury stock of $588,000. As a result of the IPO, members of management incurred a tax liability associated with Holdings' common stock owned since the date of the Merger. Management elected to satisfy $588,000 of the tax withholding obligation by tendering the shares of Class A common stock to Holdings. | |||||||||
        During the Successor period of August 31, 2012 through December 31, 2012, the Company received capital contributions of $100,000,000 from Wanda. | |||||||||
Related Party Transaction | |||||||||
        As of December 31, 2014, the Company recorded a receivable due from Wanda of $156,000 for reimbursement of general administrative and other expense incurred on behalf of Wanda. | |||||||||
Temporary Equity | |||||||||
        Certain members of management have the right to require Holdings to repurchase the Class A common stock held by them under certain limited circumstances pursuant to the terms of a stockholders agreement. Beginning on January 1, 2016 (or upon the termination of a management stockholder's employment by the Company without cause, by the management stockholder for good reason, or due to the management stockholder's death or disability) management stockholders will have the right, in limited circumstances, to require Holdings to purchase shares that are not fully and freely tradeable at a price equal to the price per share paid by such management stockholder with appropriate adjustments for any subsequent events such as dividends, splits, or combinations. The shares of Class A common stock, subject to the stockholder agreement, are classified as temporary equity, apart from permanent equity, as a result of the contingent redemption feature contained in the stockholder agreement. The Company determined the amount reflected in temporary equity for the Class A common stock based on the price paid per share by the management stockholders and Wanda at the date of the Merger. | |||||||||
        During the twelve months ended December 31, 2014, certain members of management received $92,000 by tendering shares of Class A common stock to Holdings with an original recorded historical cost of $43,000. As a result of this transaction, temporary equity declined by $43,000 and additional paid-in capital increased by $43,000. | |||||||||
Treasury Stock | |||||||||
        During the twelve months ended December 31, 2014, Holdings used cash on hand to purchase 4,085 shares of Class A common stock for fair value of $92,000 from certain members of management. | |||||||||
Stock-Based Compensation | |||||||||
        Holdings adopted a stock-based compensation plan in December of 2013. Prior to the Merger, Holdings adopted the 2010 Equity Incentive Plan, which was cancelled at the Merger date, and also the 2004 Stock Plan, which was suspended by the Board of Directors on July 23, 2010. | |||||||||
        The Company recorded stock-based compensation expense of $11,293,000, $12,000,000, $0, and $830,000 within general and administrative: other during the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period the period March 30, 2012 through August 30, 2012, respectively. The Company's financial statements reflect an increase to additional paid-in capital related to stock-based compensation of $11,293,000 during the twelve months ended December 31, 2014. As of December 31, 2014, there were no unrecognized compensation cost related to stock-based compensation arrangements. | |||||||||
2013 Equity Incentive Plan | |||||||||
        The 2013 Equity Incentive Plan provides for grants of non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock awards, restricted stock units, performance stock units, stock awards, and cash performance awards. The maximum number of shares of Holdings' common stock available for delivery pursuant to awards granted under the 2013 Equity Incentive Plan is 9,474,000 shares. At December 31, 2014, the aggregate number of shares of Holdings' common stock available for grant was 8,608,822 shares. | |||||||||
Awards in Connection with Holdings' IPO | |||||||||
        In connection with Holdings' IPO, the Board of Directors approved the grants of 666,675 fully vested shares of Holdings' Class A common stock to certain of its employees in December of 2013 under the 2013 Equity Incentive Plan. Of the total 666,675 shares that were awarded, 360,172 shares were issued to the employees and 306,503 were withheld to cover tax obligations and were cancelled. The fair value of the stock at the grant date was $18.00 per share and was based on the IPO price. The Company recognized approximately $12,000,000 of expense in general and administrative: other expense in connection with these share grants. | |||||||||
Awards Granted in 2014 | |||||||||
        Holdings' Board of Directors approved awards of stock, restricted stock units ("RSUs"), and performance stock units ("PSUs") to certain of the Company's employees and directors under the 2013 Equity Incentive Plan. The grant date fair value of the stock was based on the closing price of Holdings' stock as presented below: | |||||||||
                                                                                                                                                                                    | |||||||||
Date of Grant | Holdings' | ||||||||
stock price | |||||||||
January 2, 2014 | $ | 20.18 | |||||||
May 12, 2014 | 21.61 | ||||||||
June 25, 2014 | 24.44 | ||||||||
September 15, 2014 | 24.60 | ||||||||
October 22, 2014 | 22.44 | ||||||||
December 17, 2014 | 25.40 | ||||||||
        Holdings' Board of Directors and Compensation Committee approved a modification to the performance target of the original PSU grant, which resulted in re-measurement of the fair value of the PSU awards as of September 15, 2014. In September 2014, the Board of Directors approved an increase in authorized capital expenditures for the twelve months ended December 31, 2014 of $38,800,000 to accelerate deployment of certain customer experience enhancing strategic initiatives. As a result, the PSU awards' free cash flow performance target was no longer considered probable of being met. The PSU free cash flow performance target was modified on September 15, 2014 to consider the impact of the additional authorized capital expenditures, making the awards probable at that time. The fair value of the stock at the modification date of September 15, 2014 was $24.60 per share and was based on the closing price of Holdings' stock. | |||||||||
        The award agreements generally had the following features: | |||||||||
• | Stock Award Agreement:  On January 2, 2014, two independent members of Holdings' Board of Directors were granted an award of 5,002 fully vested shares of Class A common stock each, for a total award of 10,004 shares. As a result of filling the two vacant positions due to the expansion of the Board, Holdings' Board of Directors granted an award of fully vested shares of Class A common stock on October 22, 2014 and December 17, 2014, of 864 shares and 167 shares, respectively. The Company recognized approximately $226,000 of expense in general and administrative: other expense during the twelve months ended December 31, 2014, in connection with these share grants. | ||||||||
• | Restricted Stock Unit Award Agreement:  On January 2, 2014, May 12, 2014, and June 25, 2014, RSU awards of 115,375 units, 1,819 units, and 1,655 units, respectively, were granted to certain members of management. Each RSU represents the right to receive one share of Class A common stock at a future date. The RSUs are fully vested at the date of grant. The RSUs will not be settled, and will be non-transferable, until the third anniversary of the date of grant. Under certain termination scenarios defined in the award agreement, the RSUs may be settled within 60 days following termination of service. Participants will receive dividend equivalents equal to the amount paid in respect to the shares of Class A common stock underlying the RSUs. The Company recognized approximately $2,408,000 of expense in general and administrative: other expense during the twelve months ended December 31, 2014, in connection with these fully vested awards. | ||||||||
On January 2, 2014, RSU awards of 128,641 units were granted to certain executive officers. The RSUs would be forfeited if Holdings did not achieve a specified cash flow from operating activities target for the twelve months ended December 31, 2014. These awards did not contain a service condition. The vested RSUs will not be settled, and will be non-transferable, until the third anniversary of the date of grant. Under certain termination scenarios defined in the award agreement, the RSUs may be settled within 60 days following termination of service. A dividend equivalent equal to the amount paid in respect of one share of Class A common stock underlying the RSUs begins to accrue with respect to the RSUs on the date of grant. Such accrued dividend equivalents are paid to the holder upon vesting of the RSUs. Thereafter, dividend equivalents are paid to the holder whenever dividends are paid on the Class A common stock. The grant date fair value was $2,596,000. The Company recognized expense for these awards of $2,596,000, within general and administrative: other expense, during the twelve months ended December 31, 2014, due to the achievement of the performance condition. | |||||||||
• | Performance Stock Unit Award Agreement:  On January 2, 2014, May 12, 2014, and June 25, 2014, PSU awards were granted to certain members of management and executive officers, with both a 2014 free cash flow performance target condition and a 1 year service condition, ending on December 31, 2014. The PSUs would vest ratably based on a scale ranging from 80% to 120% of the performance target with the vested amount ranging from 30% to 150%. If the performance target was met at 100%, the PSU awards granted on January 2, 2014, May 12, 2014, and June 25, 2014 would be 244,016 units, 1,819 units, and 1,655 units, respectively. On September 15, 2014, the terms of the original PSU grants were modified, which resulted in re-measurement of the fair value of the PSU awards. No PSUs would vest if Holdings did not achieve the free cash flow minimum performance target or the participant's service did not continue through the last day of the performance period, during the twelve months ended December 31, 2014. The vested PSUs will not be settled, and will be non-transferable, until the third anniversary of the date of grant. Under certain termination scenarios defined in the award agreement, the vested PSUs may be settled within 60 days following termination of service. A dividend equivalent equal to the amount paid in respect of one share of Class A common stock underlying the PSUs began to accrue with respect to the PSUs on the date of grant. Such accrued dividend equivalents are paid to the holder upon vesting of the PSUs. Thereafter, dividend equivalents are paid to the holder whenever dividends are paid on the Class A common stock. The Company recognized expense of $6,063,000, within general and administrative: other expense during the twelve months ended December 31, 2014, as a result of the one-year service condition being met and attainment of the target performance condition at 100%. | ||||||||
        The following table represents the RSU and PSU activity for the twelve months ended December 31, 2014: | |||||||||
                                                                                                                                                                                    | |||||||||
Shares of | Weighted | ||||||||
RSU and PSU | Average | ||||||||
Grant Date | |||||||||
Fair Value | |||||||||
Beginning balance at January 1, 2014 | — | $ | — | ||||||
Granted | 494,980 | 22.4 | |||||||
Vested | (493,971 | ) | 22.41 | ||||||
Forfeited | (1,009 | ) | 20.18 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||
Nonvested at December 31, 2014 | — | $ | —  | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||
Awards Granted in 2015 | |||||||||
        The Board of Directors approved awards of stock, RSU's and PSU's granted on January 5, 2015 and March 6, 2015, to certain of the Company's employees and directors under the 2013 Equity Incentive Plan. The fair value of the stock on January 5, 2015 and March 6, 2015 was $24.97 per share and $33.96 per share respectively, and was based on the closing price of Holdings' common stock. These awards have features substantially consistent with those awarded in 2014 described above, and additional details are as follows: | |||||||||
• | Stock Award Agreement:  On January 5, 2015, 4 non-employee directors were granted an award of 3,828 fully vested shares of Class A common stock each, for a total award of 15,312 shares. The Company will recognize approximately $382,000 of expense in general and administrative expense: other during the three months ended March 31, 2015, in connection with these share grants. | ||||||||
• | Restricted Stock Unit Award Agreements:  On March 6, 2015, RSU awards of 84,649 units were granted to certain members of management and the Company expects to recognize approximately $2,875,000 of expense in general and administrative expense: other during the three months ended March 31, 2015, in connection with these share grants. These awards do not contain a service condition. | ||||||||
On March 6, 2015, RSU awards of 58,749 units were granted to certain executive officers. The RSU's would be forfeited if Holdings does not achieve a specified performance target. These awards do not contain a service condition. The Company expects to recognize expense for these awards of approximately $1,995,000 in general and administrative expense: other during the three months ended March 31, 2015, based on estimates that the performance condition is expected to be achieved. | |||||||||
• | Performance Stock Unit Award Agreements:  On March 6, 2015, PSU awards of 143,398 units were granted to certain members of management. Assuming attainment of the performance target at 100%, the Company expects to recognize expense for these awards of approximately $4,870,000 in general and administrative expense: other over the performance and vesting period during the twelve months ended December 31, 2015. | ||||||||
Merger | |||||||||
        All of the stock options and restricted stock interests under both the amended and restated 2004 Stock Option Plan and the 2010 Equity Incentive Plan were cancelled, upon the change of control as a result of the Merger, and holders received payments aggregating approximately $7,035,000. The Company had previously recognized stock-based compensation expense of $3,858,000 related to these stock options and restricted stock interests. The Company did not recognize an expense for the remaining $3,177,000 of unrecognized stock-based compensation expense. The Company's accounting policy for any cost triggered by the consummation of the Merger was to recognize the cost when the Merger was consummated. Accordingly, unrecognized stock-based compensation expense for stock options and restricted stock interests has not been recorded in the Consolidated Statement of Operations for the Predecessor period since that statement depicts the results of operations just prior to consummation of the transaction. In addition, since the Successor period reflects the effects of push-down accounting, these costs have also not been recorded as an expense in the Successor period. However, the costs were reflected in the purchase accounting adjustments which were applied in arriving at the opening balances of the Successor. See Note 2—Merger for additional information regarding the settlement of stock options and restricted stock interests. | |||||||||
INCOME_TAXES
INCOME TAXES | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
INCOME TAXES | |||||||||||||||||
INCOME TAXES | |||||||||||||||||
NOTE 11—INCOME TAXES | |||||||||||||||||
        The Income tax provision reflected in the Consolidated Statements of Operations consists of the following components during the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, 2012 | |||||||||||||
Ended | Ended | August 31, 2012 | through | ||||||||||||||
December 31, | December 31, | through | August 30, 2012 | ||||||||||||||
2014 | 2013 | December 31, | |||||||||||||||
2012 | |||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||
Current: | |||||||||||||||||
Federal | $ | — | $ | — | $ | — | $ | — | |||||||||
Foreign | — | — | — | — | |||||||||||||
State | 1,250 | 4,045 | 480 | 3,700 | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Total current | 1,250 | 4,045 | 480 | 3,700 | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Deferred: | |||||||||||||||||
Federal | 43,869 | (229,778 | ) | 3,020 | — | ||||||||||||
Foreign | — | — | — | — | |||||||||||||
State | (11,439 | ) | (36,820 | ) | — | —  | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Total deferred | 32,430 | (266,598 | ) | 3,020 | —  | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Total provision (benefit) | 33,680 | (262,553 | ) | 3,500 | 3,700 | ||||||||||||
Tax provision from discontinued operations | 210 | 830 | — | 1,200 | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Total provision (benefit) from continuing operations | $ | 33,470 | $ | (263,383 | ) | $ | 3,500 | $ | 2,500 | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||
        The Company has recorded no alternative minimum taxes as the consolidated tax group for which it is a member expects no alternative minimum tax liability, due to the utilization of tax credits. | |||||||||||||||||
        Pre-tax income (losses) consisted of the following: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, 2012 | |||||||||||||
Ended | Ended | August 31, 2012 | through | ||||||||||||||
December 31, | December 31, | through | August 30, 2012 | ||||||||||||||
2014 | 2013 | December 31, | |||||||||||||||
2012 | |||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||
Domestic | $ | 97,303 | $ | 103,526 | $ | (39,294 | ) | $ | 98,093 | ||||||||
Foreign | 457 | (1,679 | ) | 124 | 7 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Total | $ | 97,760 | $ | 101,847 | $ | (39,170 | ) | $ | 98,100 | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||
        The difference between the effective tax rate on earnings (loss) from continuing operations before income taxes and the U.S. federal income tax statutory rate is as follows: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, 2012 | |||||||||||||
Ended | Ended | August 31, 2012 | through | ||||||||||||||
December 31, | December 31, | through | August 30, 2012 | ||||||||||||||
2014 | 2013 | December 31, | |||||||||||||||
2012 | |||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||
Income tax expense (benefit) at the federal statutory rate | $ | 34,035 | $ | 34,902 | $ | (13,470 | ) | $ | 20,125 | ||||||||
Effect of: | |||||||||||||||||
State income taxes | 195 | 1,479 | (1,930 | ) | 2,500 | ||||||||||||
Increase in reserve for uncertain tax positions | 1,050 | 2,193 | — | — | |||||||||||||
Federal and state credits | (2,985 | ) | (2,600 | ) | — | — | |||||||||||
Change in net operating loss carryforward for excess tax deductions | — | (28,206 | ) | — | — | ||||||||||||
Permanent items | 1,485 | 537 | 20 | 100 | |||||||||||||
Other | (1,100 | ) | (6,088 | ) | — | — | |||||||||||
Valuation allowance | 790 | (265,600 | ) | 18,880 | (20,225 | ) | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Income tax expense (benefit) | $ | 33,470 | $ | (263,383 | ) | $ | 3,500 | $ | 2,500 | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||
Effective income tax rate | 34.4 | % | (264.1 | )% | (9.1 | )% | 4.3 | % Â | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||
        The significant components of deferred income tax assets and liabilities as of December 31, 2014 and December 31, 2013 are as follows: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||||
Deferred Income Tax | Deferred Income Tax | ||||||||||||||||
(In thousands) | Assets | Liabilities | Assets | Liabilities | |||||||||||||
(Successor) | (Successor) | ||||||||||||||||
Tangible assets | $ | — | $ | (113,456 | ) | $ | — | $ | (102,669 | ) | |||||||
Accrued reserves | 31,430 | — | 33,156 | — | |||||||||||||
Intangible assets | — | (101,725 | ) | — | (89,761 | ) | |||||||||||
Receivables | — | (5,206 | ) | — | (3,513 | ) | |||||||||||
Investments | — | (233,005 | ) | — | (227,718 | ) | |||||||||||
Capital loss carryforwards | 50 | — | 564 | — | |||||||||||||
Pension postretirement and deferred compensation | 33,581 | — | 29,290 | — | |||||||||||||
Corporate borrowings | 19,127 | — | 43,839 | — | |||||||||||||
Deferred revenue | 154,583 | — | 154,155 | — | |||||||||||||
Lease liabilities | 111,250 | — | 97,307 | — | |||||||||||||
Capital and financing lease obligations | 35,654 | — | 37,956 | — | |||||||||||||
Alternative minimum tax and other credit carryovers | 21,802 | — | 19,545 | — | |||||||||||||
Charitable contributions | 158 | — | — | — | |||||||||||||
Net operating loss carryforwards | 228,329 | — | 214,770 | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
Total | $ | 635,964 | $ | (453,392 | ) | $ | 630,582 | $ | (423,661 | ) | |||||||
Less: Valuation allowance | (790 | ) | — | — | —  | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
Total deferred income taxes | $ | 635,174 | $ | (453,392 | ) | $ | 630,582 | $ | (423,661 | ) | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||
        A rollforward of the Company's valuation allowance for deferred tax assets is as follows: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
(In thousands) | Balance at | Additions | Charged | Charged | Balance at | ||||||||||||
Beginning of | Charged | (Credited) | (Credited) | End of | |||||||||||||
Period | (Credited) to | to Goodwill | to Other | Period | |||||||||||||
Revenues, | Accounts(1) | ||||||||||||||||
Costs and | |||||||||||||||||
Expenses | |||||||||||||||||
Calendar Year 2014 | |||||||||||||||||
Valuation allowance-deferred income tax assets          | $ | — | 790 | — | — | $ | 790 | ||||||||||
Calendar Year 2013 | |||||||||||||||||
Valuation allowance-deferred income tax assets          | $ | 248,420 | (265,600 | ) | 11,088 | 6,092 | $ | — | |||||||||
From Inception August 31, 2012 through December 31, 2012 | |||||||||||||||||
Valuation allowance-deferred income tax assets          | $ | 232,985 | 18,880 | 195 | (3,640 | ) | $ | 248,420 | |||||||||
March 30, 2012 through August 30, 2012 | |||||||||||||||||
Valuation allowance-deferred income tax assets          | $ | 417,671 | (20,225 | ) | (164,461 | ) | — | $ | 232,985 | ||||||||
-1 | Primarily relates to amounts resulting from the Company's tax sharing arrangement, changes in deferred tax assets and associated valuation allowance that are not related to income statement activity as well as amounts charged to other comprehensive income. | ||||||||||||||||
        The Company's federal income tax loss carryforward of $649,782,000 will begin to expire in 2016 and will completely expire in 2034 and will be limited annually due to certain change in ownership provisions of the Internal Revenue Code. The Company also has state income tax loss carryforwards of $409,654,000, which may be used over various periods ranging from 1 to 20 years. | |||||||||||||||||
        From 2008 to 2012, the Company's predecessor entity generated significant net deferred tax assets primarily from debt carrying costs and asset impairments combined with reduced operating profitability. At December 31, 2014 and December 31, 2013, the Company had net deferred tax assets of $181,782,000 and $206,921,000, respectively. The Company evaluates its deferred tax assets each period to determine if a valuation allowance is required based on whether it is "more likely than not" that some portion of the deferred tax assets would not be realized. The ultimate realization of these deferred tax assets is dependent upon the generation of sufficient taxable income during future periods. The Company conducts its evaluation by considering all available positive and negative evidence. This evaluation considers, among other factors, historical operating results, forecasts of future profitability, the duration of statutory carryforward periods, and the outlooks for the U.S. motion picture and broader economy. Based on the Company's evaluation through December 31, 2014, the Company continued to reserve a portion of its net deferred tax assets due to uncertainty of their realization and dependence upon future taxable income. | |||||||||||||||||
        Consistent with the above process, the Company evaluated the need for a valuation allowance against its net deferred tax assets at December 31, 2013, and determined that the valuation allowance against its federal deferred tax assets and all of its state deferred tax assets dependent upon future taxable income was no longer appropriate. Accordingly, the Company reversed $265,600,000 of valuation allowance in the fourth quarter of 2013. This reversal is reflected as a non-cash income tax benefit recorded in the fourth quarter of 2013 in the accompanying consolidated statements of operations. | |||||||||||||||||
        The Company conducted its evaluation by considering all available positive and negative evidence. The principal positive evidence that led to the reversal of the valuation allowance included: (1) prudent and feasible tax planning strategies; (2) a successful public offering of Holdings' common stock during December 2013; (3) the Company's emergence from a three-year cumulative loss in March 2014; (4) the significant positive income generated during 2013; (5) the Company's forecasted future profitability; and (6) improvement in the Company's financial position, including over $500,000,000 of cash on hand at December 31, 2013. | |||||||||||||||||
        As described above, the Company has identified a prudent and feasible tax planning strategy which involves the conversion of NCM units into NCM, Inc. common stock that, if executed, would generate significant taxable income. The conversion is within the control of the Company and the Company intends to execute the conversion if it becomes necessary to prevent its net operating loss carryforward from expiring unrealized. In addition, AMCE utilized a portion of proceeds from the public offering of Holdings common stock along with cash generated from an offering of 5.875% Senior Subordinated Notes due 2022 to purchase approximately 77.33% of its 8.75% Senior Notes due 2019, which lowered the amount of indebtedness and lower overall borrowing costs for the Company. These subsequent events also were additional positive evidence considered by management. | |||||||||||||||||
        The accounting for deferred taxes is based upon an estimate of future results. Differences between estimated and actual results could have a material impact on the Company's consolidated results of operations, its financial position and the ability to fully realize its deferred tax assets over time. Changes in existing tax laws could also affect actual tax results and the realization of deferred tax assets over time. If future results are significantly different from the Company's estimates and judgments, the Company may be required to record a valuation allowance against some or all of its deferred tax assets prospectively. | |||||||||||||||||
        A reconciliation of the change in the amount of unrecognized tax benefits was as follows: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
(In millions) | 12 Months | 12 Months | From | March 30, | |||||||||||||
Ended | Ended | Inception | 2012 | ||||||||||||||
December 31, | December 31, | August 31, | through | ||||||||||||||
2014 | 2013 | 2012 | August 30, | ||||||||||||||
through | 2012 | ||||||||||||||||
December 31, | |||||||||||||||||
2012 | |||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||
Balance at beginning of period | $ | 27.4 | $ | 24 | $ | 24.5 | $ | 24.8 | |||||||||
Gross increases—current period tax positions | 1.6 | 3.8 | — | 0.6 | |||||||||||||
Gross increases—prior period tax positions | 1.5 | ||||||||||||||||
Favorable resolutions with authorities | — | (0.4 | ) | — | — | ||||||||||||
Cash settlements | — | — | (0.5 | ) | (0.9 | ) | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Balance at end of period | $ | 30.5 | $ | 27.4 | $ | 24 | $ | 24.5 | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​ | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​ | ​ | ​  | ​  | ​  | ||
        The Company's effective tax rate is not expected to be significantly impacted by the ultimate resolution of the uncertain tax positions. | |||||||||||||||||
        The Company recognizes income tax-related interest expense and penalties as income tax expense and general and administrative expense, respectively. | |||||||||||||||||
        There are currently unrecognized tax benefits which the Company anticipates will be resolved in the next 12 months; however, the Company is unable at this time to estimate what the impact on its unrecognized tax benefits will be. | |||||||||||||||||
        The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. An IRS examination of the tax years February 28, 2002 through December 31, 2003 of the former Loews Cineplex Entertainment Corporation and subsidiaries was concluded during fiscal 2007. An IRS examination for the tax years ended March 31, 2005 and March 30, 2006 was completed during 2009. Generally, tax years beginning after March 28, 2002 are still open to examination by various taxing authorities. Additionally, the Company has net operating loss ("NOL") carryforwards for tax years ended October 31, 2000 through March 28, 2002 in the U.S. and various state jurisdictions which have carryforwards of varying lengths of time. These NOLs are subject to adjustment based on the statute of limitations applicable to the return in which they are utilized, not the year in which they are generated. Various state, local and foreign income tax returns are also under examination by taxing authorities. The Company does not believe that the outcome of any examination will have a material impact on its financial statements. | |||||||||||||||||
LEASES
LEASES | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
LEASES | ||||||||||||||||
LEASES | ||||||||||||||||
NOTE 12—LEASES | ||||||||||||||||
        The following table sets forth the future minimum rental payments, by calendar year, required under existing operating leases and digital projector equipment leases payable to DCIP that have initial or remaining non-cancelable terms in excess of one year as of December 31, 2014: | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
(In thousands) | Minimum operating | |||||||||||||||
lease payments | ||||||||||||||||
2015 | $ | 419,273Â | ||||||||||||||
2016 | 428,133Â | |||||||||||||||
2017 | 408,851Â | |||||||||||||||
2018 | 366,120Â | |||||||||||||||
2019 | 328,409Â | |||||||||||||||
Thereafter | 1,542,618Â | |||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
Total minimum payments required | $ | 3,493,404Â | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
​ | ​ | ​  | ​  | ​  | ||||||||||||
        As of December 31, 2014, the Company has lease agreements for five theatres with 51 screens which are under construction or development and are expected to open in 2015 and 2016. | ||||||||||||||||
        Included in other long-term liabilities as of December 31, 2014 and December 31, 2013 is $120,184,000 and $55,272,000, respectively, of deferred rent representing future minimum rental payments for leases with scheduled rent increases, and $165,073,000 and $194,233,000, respectively, for unfavorable lease liabilities. | ||||||||||||||||
        Rent expense is summarized as follows: | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||
Ended | Ended | August 31, | 2012 | |||||||||||||
December 31, | December 31, | 2012 | through | |||||||||||||
2014 | 2013 | through | August 30, | |||||||||||||
December 31, | 2012 | |||||||||||||||
2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Minimum rentals | $ | 395,795Â | $ | 394,937Â | $ | 126,529Â | $ | 166,220Â | ||||||||
Common area expenses | 48,159Â | 44,198Â | 12,968Â | 17,591Â | ||||||||||||
Percentage rentals based on revenues | 11,285Â | 12,693Â | 3,877Â | 5,275Â | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Rent | 455,239Â | 451,828Â | 143,374Â | 189,086Â | ||||||||||||
General and administrative and other | 7,763Â | 13,393Â | 3,940Â | 4,207Â | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Total | $ | 463,002Â | $ | 465,221Â | $ | 147,314Â | $ | 193,293Â | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
EMPLOYEE_BENEFIT_PLANS
EMPLOYEE BENEFIT PLANS | 12 Months Ended | |||||||||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||||||||
EMPLOYEE BENEFIT PLANS | ||||||||||||||||||||||||||||||
EMPLOYEE BENEFIT PLANS | ||||||||||||||||||||||||||||||
NOTE 13—EMPLOYEE BENEFIT PLANS | ||||||||||||||||||||||||||||||
        The Company sponsors frozen non-contributory qualified and non-qualified defined benefit pension plans generally covering all employees who, prior to the freeze, were age 21 or older and had completed at least 1,000 hours of service in their first twelve months of employment, or in a calendar year ending thereafter, and who were not covered by a collective bargaining agreement. The Company also offers eligible retirees the opportunity to participate in a health plan. Certain employees are eligible for subsidized postretirement medical benefits. The eligibility for these benefits is based upon a participant's age and service as of January 1, 2009. The Company also sponsors a postretirement deferred compensation plan. | ||||||||||||||||||||||||||||||
        On December 31, 2013, the Company's Board of Directors approved revisions to the Company's Postretirement Medical and Life Insurance Plan effective April 1, 2014 and the changes were communicated to the plan participants. As a result of these revisions, the Company recorded a prior service credit of approximately $15,197,000 through other comprehensive income to be amortized over nine years starting in calendar 2014, based on expected future service of the remaining participants. See Note 21—Subsequent Events for information regarding the resolution to terminate the plan, which was adopted by the Compensation Committee and the Company's Board of Directors on January 12, 2015. | ||||||||||||||||||||||||||||||
        As a result of the Merger and the application of "push down" accounting, the benefit plans reflect a new basis of accounting that is based on the fair value of assets acquired and liabilities assumed as of the Merger date. At August 31, 2012, the Successor balance recorded in accumulated other comprehensive income was reset to zero. | ||||||||||||||||||||||||||||||
        The measurement dates used to determine pension and other postretirement benefits were December 31, 2014, December 31, 2013, December 31, 2012, and August 30, 2012. | ||||||||||||||||||||||||||||||
        Net periodic benefit cost for the plans consists of the following: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From | March 30, | 12 Months | 12 Months | From | March 30, | ||||||||||||||||||||||
Ended | Ended | Inception | 2012 | Ended | Ended | Inception | 2012 | |||||||||||||||||||||||
December 31, | December 31, | August 31, | through | December 31, | December 31, | August 31, | through | |||||||||||||||||||||||
2014 | 2013 | 2012 | August 30, | 2014 | 2013 | 2012 | August 30, | |||||||||||||||||||||||
through | 2012 | through | 2012 | |||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||||
2012 | 2012 | |||||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | (Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||||||||
Components of net periodic benefit cost: | ||||||||||||||||||||||||||||||
Service cost | $ | — | $ | 180 | $ | 59 | $ | 76 | $ | 36 | $ | 195 | $ | 61 | $ | 74 | ||||||||||||||
Interest cost | 4,609 | 4,513 | 1,484 | 1,962 | 214 | 870 | 306 | 435 | ||||||||||||||||||||||
Expected return on plan assets | (5,230 | ) | (4,707 | ) | (1,442 | ) | (1,811 | ) | — | — | — | — | ||||||||||||||||||
Amortization of net (gain) loss | (1,034 | ) | — | — | 899 | (348 | ) | (78 | ) | — | 88 | |||||||||||||||||||
Amortization of prior service credit | — | — | — | — | (1,665 | ) | — | — | (448 | ) | ||||||||||||||||||||
Settlement | — | — | (15 | ) | — | — | — | — | —  | |||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Net periodic benefit cost (credit) | $ | (1,655 | ) | $ | (14 | ) | $ | 86 | $ | 1,126 | $ | (1,763 | ) | $ | 987 | $ | 367 | $ | 149 | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
        The following table summarizes the changes in other comprehensive income: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | 12 Months | 12 Months | ||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | |||||||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Net (gain) loss | $ | 21,641 | $ | (12,537 | ) | $ | 561 | $ | (1,271 | ) | ||||||||||||||||||||
Net prior service credit | — | — | — | (15,197 | ) | |||||||||||||||||||||||||
Amortization of net gain | 1,034 | — | 348 | 78 | ||||||||||||||||||||||||||
Amortization of prior service credit | — | — | 1,665 | — | ||||||||||||||||||||||||||
Allocated tax expense (benefit) | (8,843 | ) | 8,442 | (1,003 | ) | 6,782 | ||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Total recognized in other comprehensive (income) loss | $ | 13,832 | $ | (4,095 | ) | $ | 1,571 | $ | (9,608 | ) | ||||||||||||||||||||
Net periodic benefit cost (credit) | (1,655 | ) | (14 | ) | (1,763 | ) | 987 | |||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Total recognized in net periodic benefit cost (credit) and other comprehensive (income) loss | $ | 12,177 | $ | (4,109 | ) | $ | (192 | ) | $ | (8,621 | ) | |||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
        The following tables set forth the plan's change in benefit obligations and plan assets and the accrued liability for benefit costs included in the Consolidated Balance Sheets: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | 12 Months | 12 Months | ||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | |||||||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Change in benefit obligation: | ||||||||||||||||||||||||||||||
Benefit obligation at beginning of period | $ | 98,883 | $ | 109,718 | $ | 5,718 | $ | 22,765 | ||||||||||||||||||||||
Service cost | — | 180 | 36 | 195 | ||||||||||||||||||||||||||
Interest cost | 4,609 | 4,513 | 214 | 870 | ||||||||||||||||||||||||||
Plan participants' contributions | — | — | 419 | 562 | ||||||||||||||||||||||||||
Actuarial (gain) loss | 23,532 | (10,022 | ) | 561 | (1,271 | ) | ||||||||||||||||||||||||
Plan amendment | — | — | — | (15,197 | ) | |||||||||||||||||||||||||
Benefits paid | (2,247 | ) | (5,408 | ) | (1,262 | ) | (2,206 | ) | ||||||||||||||||||||||
Administrative expenses | (81 | ) | (98 | ) | — | — | ||||||||||||||||||||||||
Settlement paid | (7,166 | ) | — | — | — | |||||||||||||||||||||||||
Settlement gain | (3,575 | ) | — | — | —  | |||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Benefit obligation at end of period              | $ | 113,955 | $ | 98,883 | $ | 5,686 | $ | 5,718 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | 12 Months | 12 Months | ||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | |||||||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Change in plan assets: | ||||||||||||||||||||||||||||||
Fair value of plan assets at beginning of period | $ | 73,658 | $ | 68,219 | $ | — | $ | — | ||||||||||||||||||||||
Actual return on plan assets gain | 3,546 | 7,223 | — | — | ||||||||||||||||||||||||||
Employer contribution | 2,714 | 3,722 | 843 | 1,644 | ||||||||||||||||||||||||||
Plan participants' contributions | — | — | 419 | 562 | ||||||||||||||||||||||||||
Benefits paid | (2,247 | ) | (5,408 | ) | (1,262 | ) | (2,206 | ) | ||||||||||||||||||||||
Administrative expense | (81 | ) | (98 | ) | — | — | ||||||||||||||||||||||||
Settlement paid | (7,166 | ) | — | — | —  | |||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Fair value of plan assets at end of period | $ | 70,424 | $ | 73,658 | $ | — | $ | —  | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
Net liability for benefit cost: | ||||||||||||||||||||||||||||||
Funded status | $ | (43,531 | ) | $ | (25,225 | ) | $ | (5,686 | ) | $ | (5,718 | ) | ||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Amounts recognized in the Balance Sheet: | ||||||||||||||||||||||||||||||
Accrued expenses and other liabilities | $ | (152 | ) | $ | (154 | ) | $ | (629 | ) | $ | (612 | ) | ||||||||||||||||||
Other long-term liabilities | (43,379 | ) | (25,071 | ) | (5,057 | ) | (5,106 | ) | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Net liability recognized | $ | (43,531 | ) | $ | (25,225 | ) | $ | (5,686 | ) | $ | (5,718 | ) | ||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
Aggregate accumulated benefit obligation | $ | (113,955 | ) | $ | (98,883 | ) | $ | (5,686 | ) | $ | (5,718 | ) | ||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
        The following table summarizes pension plans with accumulated benefit obligations and projected benefit obligations in excess of plan assets: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Pension Benefits | ||||||||||||||||||||||||||||||
(In thousands) | December 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||
(Successor) | (Successor) | |||||||||||||||||||||||||||||
Aggregated accumulated benefit obligation | $ | (113,955 | ) | $ | (98,883 | ) | ||||||||||||||||||||||||
Aggregated projected benefit obligation | (113,955 | ) | (98,883 | ) | ||||||||||||||||||||||||||
Aggregated fair value of plan assets | 70,424 | 73,658 | ||||||||||||||||||||||||||||
        Amounts recognized in accumulated other comprehensive income consist of the following: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Net actuarial (gain) loss | $ | 21,641 | $ | (12,537 | ) | $ | 561 | $ | (1,271 | ) | ||||||||||||||||||||
Prior service credit | — | — | — | (15,197 | ) | |||||||||||||||||||||||||
        Amounts in accumulated other comprehensive income expected to be recognized in components of net periodic pension cost during the calendar year 2015 are as follows: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
(In thousands) | Pension | Other | ||||||||||||||||||||||||||||
Benefits | Benefits | |||||||||||||||||||||||||||||
Net actuarial (gain) loss | $ | 45 | $ | (284 | ) | |||||||||||||||||||||||||
Net prior service credit | — | (1,665 | ) | |||||||||||||||||||||||||||
Actuarial Assumptions | ||||||||||||||||||||||||||||||
        The weighted-average assumptions used to determine benefit obligations are as follows: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Discount rate | 3.80Â | % | 4.73Â | % | 3.37Â | % | 4.00Â | % | ||||||||||||||||||||||
Rate of compensation increase | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||||
        The weighted-average assumptions used to determine net periodic benefit cost are as follows: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
12 Months | 12 Months | From Inception | March 30, | 12 Months | 12 Months | From Inception | March 30, | |||||||||||||||||||||||
Ended | Ended | August 31, | 2012 | Ended | Ended | August 31, | 2012 | |||||||||||||||||||||||
December 31, | December 31, | 2012 through | through | December 31, | December 31, | 2012 through | through | |||||||||||||||||||||||
2014 | 2013 | December 31, | August 30, | 2014 | 2013 | December 31, | August 30, | |||||||||||||||||||||||
2012 | 2012 | 2012 | 2012 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | (Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||||||||
Discount rate | 4.73Â | % | 4.17Â | % | 3.99Â | % | 4.86Â | % | 4.00Â | % | 3.90Â | % | 3.65Â | % | 4.42Â | % | ||||||||||||||
Weighted average expected long-term return on plan assets | 7.81Â | % | 7.27Â | % | 7.27Â | % | 7.27Â | % | N/A | N/A | N/A | N/A | ||||||||||||||||||
Rate of compensation increase | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||||||
        In developing the expected long-term rate of return on plan assets at each measurement date, the Company considers the plan assets' historical returns, asset allocations, and the anticipated future economic environment and long-term performance of the asset classes. While appropriate consideration is given to recent and historical investment performance, the assumption represents management's best estimate of the long-term prospective return. | ||||||||||||||||||||||||||||||
        At the measurement date of December 31, 2014, the Company selected the new RP-2014 Mortality Tables to measure benefit obligations. As a result of using the updated mortality assumptions, the pension and postretirement medical liabilities increased by approximately $6,658,000. | ||||||||||||||||||||||||||||||
        For measurement purposes, the annual rate of increase in the per capita cost of covered health care benefits assumed for 2014 was 7.0% for medical. The rates were assumed to decrease gradually to 5.0% for medical in 2019. Increasing the assumed health care cost trend rates by one percentage point in each year would increase the accumulated postretirement benefit obligation as of December 31, 2014 by $60,000 and the aggregate of the service and interest cost components of postretirement expense for calendar year 2014 by $2,000. Decreasing the assumed health care cost trend rates by one percentage point in each year would decrease the accumulated postretirement obligation for calendar year 2014 by $88,000 and the aggregate service and interest cost components of postretirement expense for calendar year 2014 by $4,000. | ||||||||||||||||||||||||||||||
Cash Flows | ||||||||||||||||||||||||||||||
        The Company does not expect to contribute to the pension plans during the calendar year 2015. | ||||||||||||||||||||||||||||||
        The following table provides the benefits expected to be paid (inclusive of benefits attributable to estimated future employee service) in each of the next five fiscal years, and in the aggregate for the five years thereafter: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
(In thousands) | Pension Benefits | Other Benefits | ||||||||||||||||||||||||||||
2015 | $ | 2,583Â | $ | 639Â | ||||||||||||||||||||||||||
2016 | 2,720Â | 633Â | ||||||||||||||||||||||||||||
2017 | 3,973Â | 614Â | ||||||||||||||||||||||||||||
2018 | 3,664Â | 545Â | ||||||||||||||||||||||||||||
2019 | 4,493Â | 490Â | ||||||||||||||||||||||||||||
Years 2020-2024 | 29,648Â | 1,745Â | ||||||||||||||||||||||||||||
Pension Plan Assets | ||||||||||||||||||||||||||||||
        The Company's investment objectives for its defined benefit pension plan investments are: (1) to preserve the real value of its principal; (2) to maximize a real long-term return with respect to the plan assets consistent with minimizing risk; (3) to achieve and maintain adequate asset coverage for accrued benefits under the plan; and (4) to maintain sufficient liquidity for payment of the plan obligations and expenses. The Company uses a diversified allocation of equity, debt, commodity and real estate exposures that are customized to the Plan's cash flow benefit needs. The target allocations for plan assets are as follows: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Asset Category | Target | |||||||||||||||||||||||||||||
Allocation | ||||||||||||||||||||||||||||||
Fixed(1) | 15Â | % | ||||||||||||||||||||||||||||
Equity Securities—U.S. | 26 | % | ||||||||||||||||||||||||||||
Equity Securities—International | 14 | % | ||||||||||||||||||||||||||||
Collective trust fund | 25Â | % | ||||||||||||||||||||||||||||
Private Real Estate | 15Â | % | ||||||||||||||||||||||||||||
Commodities broad basket | 5Â | % Â | ||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||
100Â | % Â | |||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​  | ||||||||||||||||||||||||||
-1 | Includes U.S. Treasury Securities and Bond market fund. | |||||||||||||||||||||||||||||
        Valuation Techniques.    The fair values classified within Level 1 of the valuation hierarchy were determined using quoted market prices from actively traded markets. The fair values classified within Level 2 of the valuation hierarchy included pooled separate accounts and collective trust funds, which valuations were based on market prices for the underlying instruments that were observable in the market or could be derived by observable market data from independent external valuation information. | ||||||||||||||||||||||||||||||
        The fair value of the pension plan assets at December 31, 2014, by asset class is as follows: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Fair Value Measurements at December 31, 2014 Using | ||||||||||||||||||||||||||||||
Total Carrying | ||||||||||||||||||||||||||||||
Value at | ||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||
(In thousands) | 2014 | Quoted prices | Significant other | Significant | ||||||||||||||||||||||||||
in active market | observable inputs | unobservable inputs | ||||||||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 300 | $ | 300 | $ | — | $ | — | ||||||||||||||||||||||
U.S. treasury securities | 1,615 | 1,615 | — | — | ||||||||||||||||||||||||||
Equity securities: | ||||||||||||||||||||||||||||||
U.S. companies | 18,513 | 18,513 | — | — | ||||||||||||||||||||||||||
International companies | 10,109 | 10,109 | — | — | ||||||||||||||||||||||||||
Bond market fund | 9,173 | 9,173 | — | — | ||||||||||||||||||||||||||
Collective trust fund | 17,485 | — | 17,485 | — | ||||||||||||||||||||||||||
Commodities broad basket fund | 2,918 | 2,918 | — | — | ||||||||||||||||||||||||||
Private real estate | 10,311 | — | 10,311 | —  | ||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Total assets at fair value | $ | 70,424 | $ | 42,628 | $ | 27,796 | $ | —  | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
        The fair value of the pension plan assets at December 31, 2013, by asset class is as follows: | ||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Fair Value Measurements at December 31, 2013 Using | ||||||||||||||||||||||||||||||
Total Carrying | ||||||||||||||||||||||||||||||
Value at | ||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||
(In thousands) | 2013 | Quoted prices | Significant other | Significant | ||||||||||||||||||||||||||
in active market | observable inputs | unobservable inputs | ||||||||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 265 | $ | 265 | $ | — | $ | — | ||||||||||||||||||||||
U.S. treasury securities | 1,557 | 1,557 | — | — | ||||||||||||||||||||||||||
Equity securities: | ||||||||||||||||||||||||||||||
U.S. companies | 19,654 | 19,654 | — | — | ||||||||||||||||||||||||||
International companies | 11,281 | 11,281 | — | — | ||||||||||||||||||||||||||
Bond market fund | 9,655 | 9,655 | — | — | ||||||||||||||||||||||||||
Collective trust fund | 17,958 | — | 17,958 | — | ||||||||||||||||||||||||||
Commodities broad basket fund | 3,459 | 3,459 | — | — | ||||||||||||||||||||||||||
Private real estate | 9,829 | — | 9,829 | —  | ||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Total assets at fair value | $ | 73,658 | $ | 45,871 | $ | 27,787 | $ | —  | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
Defined Contribution Plan | ||||||||||||||||||||||||||||||
        The Company sponsors a voluntary 401(k) savings plan covering certain employees age 21 or older and who are not covered by a collective bargaining agreement. Under the Company's 401(k) Savings Plan, the Company matches 100% of each eligible employee's elective contributions up to 3% and 50% of contributions up to 5% of the employee's eligible compensation. The Company's expense under the 401(k) savings plan was $2,696,000, $2,817,000, $1,182,000, and $1,108,000, for the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012, respectively. | ||||||||||||||||||||||||||||||
Union-Sponsored Plans | ||||||||||||||||||||||||||||||
        Certain theatre employees are covered by union-sponsored pension and health and welfare plans. Company contributions into these plans are determined in accordance with provisions of negotiated labor contracts. Contributions aggregated $207,000, $265,000, $80,000, and $109,000, for the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, the period March 30, 2012 through August 30, 2012, respectively. | ||||||||||||||||||||||||||||||
        As of both December 31, 2014 and December 31, 2013, the Company's liability related to the collectively bargained multiemployer pension plan withdrawals was immaterial. | ||||||||||||||||||||||||||||||
COMMITMENTS_AND_CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Dec. 31, 2014 | |
COMMITMENTS AND CONTINGENCIES | |
COMMITMENTS AND CONTINGENCIES | |
NOTE 14—COMMITMENTS AND CONTINGENCIES | |
        The Company, in the normal course of business, is a party to various ordinary course claims from vendors (including food and beverage suppliers and film distributors), landlords, competitors, and other legal proceedings. If management believes that a loss arising from these actions is probable and can reasonably be estimated, the Company records the amount of the loss, or the minimum estimated liability when the loss is estimated using a range and no point is more probable than another. As additional information becomes available, any potential liability related to these actions is assessed and the estimates are revised, if necessary. Management believes that the ultimate outcome of such other matters, individually and in the aggregate, will not have a material adverse effect on the Company's financial position or overall trends in results of operations. However, litigation and claims are subject to inherent uncertainties and unfavorable outcomes could occur. An unfavorable outcome could include monetary damages. If an unfavorable outcome were to occur, there exists the possibility of a material adverse impact on the results of operations in the period in which the outcome occurs or in future periods. | |
        On May 5, 2014, NCM, Inc., the sole manager of NCM LLC, announced that it has entered into an agreement to acquire Screenvision, LLC for $375,000,000, consisting of cash and NCM, Inc. common stock. Consummation of the transaction is subject to regulatory approvals and other customary closing conditions. If NCM, Inc. does not receive this approval or if the closing conditions in the agreement cannot be satisfied, NCM, Inc. may be required to pay a termination fee of approximately $28,800,000. NCM LLC would indemnify NCM, Inc. and bear a pro rata portion of this fee based upon NCM, Inc.'s ownership percentage in NCM LLC, with NCM LLC's founding members bearing the remainder of the fee in accordance with their ownership percentage in NCM LLC. On November 3, 2014, the DOJ filed an antitrust lawsuit seeking to enjoin the proposed acquisition of Screenvision, LLC by NCM, Inc. The Company holds an investment in NCM LLC of 14.96% as of December 31, 2014. As of December 31, 2014, NCM LLC did not have a liability recorded for this termination fee. | |
THEATRE_AND_OTHER_CLOSURE_AND_
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS | ||||||||||||||||
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS | ||||||||||||||||
NOTE 15—THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS | ||||||||||||||||
        The Company has provided reserves for estimated losses from theatres and screens which have been permanently closed and vacant space with no right to future use. As of December 31, 2014, the Company has reserved $52,835,000 for lease terminations which have either not been consummated or paid, related primarily to eight theatres and certain vacant restaurant space. The Company is obligated under long-term lease commitments with remaining terms of up to 13 years for theatres which have been closed. As of December 31, 2014, base rents aggregated approximately $10,082,000 annually and $58,970,000 over the remaining terms of the leases. | ||||||||||||||||
        A rollforward of reserves for theatre and other closure is as follows: | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, 2012 | ||||||||||||
Ended | Ended | August 31, 2012 | through | |||||||||||||
December 31, | December 31, | through | August 30, 2012 | |||||||||||||
2014 | 2013 | December 31, 2012 | ||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Beginning balance | $ | 55,163 | $ | 61,344 | $ | 62,935 | $ | 65,471 | ||||||||
Theatre and other closure expense—continuing operations | 9,346 | 5,823 | 2,381 | 4,191 | ||||||||||||
Theatre and other closure expense—discontinued operations | — | — | — | 7,562 | ||||||||||||
Transfer of assets and liabilities | 2,439 | (53 | ) | 994 | (697 | ) | ||||||||||
Foreign currency translation adjustment | (1,822 | ) | (286 | ) | 405 | (38 | ) | |||||||||
Cash payments | (12,291 | ) | (11,665 | ) | (5,371 | ) | (13,554 | ) | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Ending balance | $ | 52,835 | $ | 55,163 | $ | 61,344 | $ | 62,935 | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
        During the twelve months ended December 31, 2014 and December 31, 2013, the Company recognized theatre and other closure expense of $9,346,000 and $5,823,000, respectively. The increase was primarily due to the permanent closure of one theatre with 13 screens in Canada in May 2014. Theatre and other closure expense also includes the accretion on previously closed properties with remaining lease obligations. | ||||||||||||||||
        During the period of August 31, 2012 through December 31, 2012 and the period of March 30, 2012 through August 30, 2012, the Company recognized theatre and other closure expense of $2,381,000 and $4,191,000, respectively, primarily related to the early termination of a lease agreement and accretion on previously closed properties with remaining lease obligations. The Company closed one theatre with 20 screens located in Canada and paid the landlord $7,562,000 to terminate the lease agreement during the period March 30, 2012 through August 30, 2012. See Note 4—Discontinued Operations for additional information. | ||||||||||||||||
        In the accompanying Consolidated Balance Sheets, the current portion of the theatre and other closure ending balance is included with accrued expenses and other liabilities and the long-term portion of the theatre and other closure ending balance is included with other long-term liabilities. See Note 8—Supplemental Balance Sheet Information for further information. | ||||||||||||||||
        Theatre and other closure reserves for leases that have not been terminated were recorded at the present value of the future contractual commitments for the base rents, taxes and maintenance. As of December 31, 2014, the future lease obligations are discounted at annual rates ranging from 6.0% to 9.0%. | ||||||||||||||||
FAIR_VALUE_MEASUREMENTS
FAIR VALUE MEASUREMENTS | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
FAIR VALUE MEASUREMENTS | |||||||||||||||||
FAIR VALUE MEASUREMENTS | |||||||||||||||||
NOTE 16—FAIR VALUE MEASUREMENTS | |||||||||||||||||
        Fair value refers to the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the entity transacts business. The inputs used to develop these fair value measurements are established in a hierarchy, which ranks the quality and reliability of the information used to determine the fair values. The fair value classification is based on levels of inputs. Assets and liabilities that are carried at fair value are classified and disclosed in one of the following categories: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
Level 1: | Quoted market prices in active markets for identical assets or liabilities. | ||||||||||||||||
Level 2: | Observable market based inputs or unobservable inputs that are corroborated by market data. | ||||||||||||||||
Level 3: | Unobservable inputs that are not corroborated by market data. | ||||||||||||||||
        Recurring Fair Value Measurements.    The following table summarizes the fair value hierarchy of the Company's financial assets carried at fair value on a recurring basis as of December 31, 2014: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
Fair Value Measurements at December 31, 2014 Using | |||||||||||||||||
Total Carrying | |||||||||||||||||
Value at | |||||||||||||||||
December 31, | |||||||||||||||||
(In thousands) | 2014 | Quoted prices in | Significant other | Significant | |||||||||||||
active market | observable inputs | unobservable inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Other long-term assets: | |||||||||||||||||
Money market mutual funds | $ | 224 | $ | 224 | $ | — | $ | — | |||||||||
Equity securities, available-for-sale: | |||||||||||||||||
RealD Inc. common stock | 14,429 | 14,429 | — | — | |||||||||||||
Mutual fund large U.S. equity | 2,879 | 2,879 | — | — | |||||||||||||
Mutual fund small/mid U.S. equity | 1,558 | 1,558 | — | — | |||||||||||||
Mutual fund international | 717 | 717 | — | — | |||||||||||||
Mutual fund balance | 760 | 760 | — | — | |||||||||||||
Mutual fund fixed income | 541 | 541 | — | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
Total assets at fair value | $ | 21,108 | $ | 21,108 | $ | — | $ | —  | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||
        The following table summarizes the fair value hierarchy of the Company's financial assets carried at fair value on a recurring basis as of December 31, 2013: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
Fair Value Measurements at December 31, 2013 Using | |||||||||||||||||
Total Carrying | |||||||||||||||||
Value at | |||||||||||||||||
December 31, | |||||||||||||||||
(In thousands) | 2013 | Quoted prices in | Significant other | Significant | |||||||||||||
active market | observable inputs | unobservable inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Other long-term assets: | |||||||||||||||||
Money market mutual funds | $ | 84 | $ | 84 | $ | — | $ | — | |||||||||
Equity securities, available-for-sale: | |||||||||||||||||
RealD Inc. common stock | 10,442 | 10,442 | — | — | |||||||||||||
Mutual fund large U.S. equity | 2,563 | 2,563 | — | — | |||||||||||||
Mutual fund small/mid U.S. equity | 982 | 982 | — | — | |||||||||||||
Mutual fund international | 503 | 503 | — | — | |||||||||||||
Mutual fund balance | 456 | 456 | — | — | |||||||||||||
Mutual fund fixed income | 351 | 351 | — | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
Total assets at fair value | $ | 15,381 | $ | 15,381 | $ | — | $ | —  | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||
        Valuation Techniques.    The Company's money market mutual funds are invested in funds that seek to preserve principal, are highly liquid, and therefore are recorded on the balance sheet at the principal amounts deposited, which equals fair value. The equity securities, available-for-sale, primarily consist of common stock and mutual funds invested in equity, fixed income, and international funds and are measured at fair value using quoted market prices. See Note 18—Accumulated Other Comprehensive Income (Loss) for the unrealized gain on equity securities recorded in accumulated other comprehensive income. | |||||||||||||||||
        Nonrecurring Fair Value Measurements.    The following table summarizes the fair value hierarchy of the Company's assets that were measured at fair value on a nonrecurring basis at December 31, 2014: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
Fair Value Measurements at December 31, 2014 Using | |||||||||||||||||
Total Carrying | |||||||||||||||||
Value at | |||||||||||||||||
December 31, | |||||||||||||||||
(In thousands) | 2014 | Quoted prices in | Significant other | Significant | Total Losses | ||||||||||||
active market | observable inputs | unobservable inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Property, net: | |||||||||||||||||
Property owned, net | $ | 2,342 | $ | — | $ | — | $ | 2,342 | $ | 3,149 | |||||||
        In accordance with the provisions of the impairment of long-lived assets subsections of ASC 360-10, long-lived assets held and used that were considered impaired were written down to their fair value at December 31, 2014 of $3,149,000. During calendar 2013, the Company recognized non-cash impairment losses of $1,370,000 related to a marketable equity security when it was determined that its decline in value was other than temporary. During the successor period of August 31, 2012 through December 31, 2012, the Company did not record any nonrecurring fair value measurements. See Note 2—Merger, for information regarding the Company's assets and liabilities that were measured at fair value on a nonrecurring basis due to the Merger on August 30, 2012. | |||||||||||||||||
        Other Fair Value Measurement Disclosures.    The Company is required to disclose the fair value of financial instruments that are not recognized at fair value in the statement of financial position for which it is practicable to estimate that value: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
Fair Value Measurements at December 31, 2014 Using | |||||||||||||||||
Total Carrying | |||||||||||||||||
Value at | |||||||||||||||||
December 31, | |||||||||||||||||
(In thousands) | 2014 | Quoted prices in | Significant other | Significant | |||||||||||||
active market | observable inputs | unobservable inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Current Maturities of Corporate Borrowings | $ | 15,873 | $ | — | $ | 14,390 | $ | 1,389 | |||||||||
Corporate Borrowings | 1,775,132 | — | 1,765,678 | 5,555 | |||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
Fair Value Measurements at December 31, 2013 Using | |||||||||||||||||
Total Carrying | |||||||||||||||||
Value at | |||||||||||||||||
December 31, | |||||||||||||||||
(In thousands) | 2013 | Quoted prices in | Significant other | Significant | |||||||||||||
active market | observable inputs | unobservable inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Current Maturities of Corporate Borrowings | $ | 9,139 | $ | — | $ | 7,779 | $ | 1,389 | |||||||||
Corporate Borrowings | 2,069,672 | — | 2,090,332 | 6,944 | |||||||||||||
        Valuation Technique.    Quoted market prices and observable market based inputs were used to estimate fair value for level 2 inputs. The level 3 fair value measurement represents the transaction price of the corporate borrowings under market conditions. | |||||||||||||||||
OPERATING_SEGMENT
OPERATING SEGMENT | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
OPERATING SEGMENT | ||||||||||||||||
OPERATING SEGMENT | ||||||||||||||||
NOTE 17—OPERATING SEGMENT | ||||||||||||||||
        The Company reports information about operating segments in accordance with ASC 280-10, Segment Reporting, which requires financial information to be reported based on the way management organizes segments within a company for making operating decisions and evaluating performance. The Company has identified one reportable segment for its theatrical exhibition operations. | ||||||||||||||||
        Information about the Company's revenues from continuing operations and assets by geographic area is as follows: | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
Revenues (In thousands) | 12 Months Ended | 12 Months Ended | From Inception | March 30, 2012 | ||||||||||||
December 31, 2014 | December 31, 2013 | August 31, 2012 | through | |||||||||||||
through | August 30, 2012 | |||||||||||||||
December 31, 2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
United States | $ | 2,688,230Â | $ | 2,741,717Â | $ | 808,378Â | $ | 1,202,179Â | ||||||||
Other | 7,160Â | 7,711Â | 3,114Â | 3,893Â | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Total revenues | $ | 2,695,390Â | $ | 2,749,428Â | $ | 811,492Â | $ | 1,206,072Â | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||
Long-term assets, net (In thousands) | December 31, 2014 | December 31, 2013 | ||||||||||||||
(Successor) | (Successor) | |||||||||||||||
United States | $ | 4,253,750Â | $ | 4,202,347Â | ||||||||||||
Other | 243Â | 854Â | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||
Total long-term assets(1) | $ | 4,253,993Â | $ | 4,203,201Â | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||
-1 | Long-term assets are comprised of property, intangible assets, goodwill, deferred income tax assets and other long-term assets. | |||||||||||||||
ACCUMULATED_OTHER_COMPREHENSIV
ACCUMULATED OTHER COMPREHENSIVE INCOME | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME | |||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME | |||||||||||||||||
NOTE 18—ACCUMULATED OTHER COMPREHENSIVE INCOME | |||||||||||||||||
        The following table presents the changes in accumulated other comprehensive income by component, net of tax: | |||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
(In thousands) | Foreign | Pension and | Unrealized Gains | Unrealized | Total | ||||||||||||
Currency | Other Benefits | on Marketable | Gain from | ||||||||||||||
(recorded in | Securities | Equity Method | |||||||||||||||
General and | (recorded in | Investees' Cash | |||||||||||||||
Administrative: | Investment | Flow Hedge | |||||||||||||||
Other) | Expense (Income)) | (recorded in | |||||||||||||||
Equity in | |||||||||||||||||
Earnings of | |||||||||||||||||
Non-consolidated | |||||||||||||||||
Entities) | |||||||||||||||||
(Successor) | |||||||||||||||||
Balance, December 31, 2013 | $ | (351 | ) | $ | 20,967 | $ | 1,216 | $ | 2,372 | $ | 24,204 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Other comprehensive income (loss) before reclassifications              | 978 | (13,543 | ) | 2,627 | (59 | ) | (9,997 | ) | |||||||||
Amounts reclassified from accumulated other comprehensive income | — | (1,860 | ) | (31 | ) | 528 | (1,363 | ) | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net other comprehensive income (loss) | 978 | (15,403 | ) | 2,596 | 469 | (11,360 | ) | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance, December 31, 2014 | $ | 627 | $ | 5,564 | $ | 3,812 | $ | 2,841 | $ | 12,844 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Allocated tax (expense) benefit 2014 | $ | (625 | ) | $ | 9,846 | $ | (1,657 | ) | $ | (300 | ) | $ | 7,264 | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | |||||||||||||||||
(In thousands) | Foreign | Pension and | Unrealized Gains | Unrealized | Total | ||||||||||||
Currency | Other Benefits | on Marketable | Gain from | ||||||||||||||
(recorded in | Securities | Equity Method | |||||||||||||||
General and | (recorded in | Investees' Cash | |||||||||||||||
Administrative: | Investment | Flow Hedge | |||||||||||||||
Other) | Expense (Income)) | (recorded in | |||||||||||||||
Equity in | |||||||||||||||||
Earnings of | |||||||||||||||||
Non-consolidated | |||||||||||||||||
Entities) | |||||||||||||||||
(Successor) | |||||||||||||||||
Balance, December 31, 2012 | $ | (530 | ) | $ | 7,264 | $ | 1,913 | $ | 797 | $ | 9,444 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Other comprehensive income (loss) before reclassifications              | 179 | 13,781 | (1,622 | ) | 2,085 | 14,423 | |||||||||||
Amounts reclassified from accumulated other comprehensive income | — | (78 | ) | 925 | (510 | ) | 337 | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net other comprehensive income (loss) | 179 | 13,703 | (697 | ) | 1,575 | 14,760 | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance, December 31, 2013 | $ | (351 | ) | $ | 20,967 | $ | 1,216 | $ | 2,372 | $ | 24,204 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Allocated tax (expense) benefit 2013 | $ | — | $ | 15,224 | $ | (1,081 | ) | $ | 1,389 | $ | 15,532 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
CONDENSED_CONSOLIDATING_FINANC
CONDENSED CONSOLIDATING FINANCIAL INFORMATION | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING FINANCIAL INFORMATION | |||||||||||||||||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING FINANCIAL INFORMATION | |||||||||||||||||||||||||||||||||||||||||||||||
NOTE 19—CONDENSED CONSOLIDATING FINANCIAL INFORMATION | |||||||||||||||||||||||||||||||||||||||||||||||
        Holdings is a holding company that conducts substantially all of its business operations through its subsidiaries. | |||||||||||||||||||||||||||||||||||||||||||||||
        There are significant restrictions on Holdings' ability to obtain funds from any of its subsidiaries through dividends, loans or advances. Accordingly, these condensed financial statements have been presented on a "parent-only" basis. Under a parent-only presentation, Holdings' investments in its consolidated subsidiaries are presented under the equity method of accounting. These parent-only financial statements should be read in conjunction with Holdings' audited consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||
AMC ENTERTAINMENT HOLDINGS, INC. | |||||||||||||||||||||||||||||||||||||||||||||||
CONDENSED STATEMENTS OF OPERATIONS—PARENT ONLY | |||||||||||||||||||||||||||||||||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||||||||||||||||||||||||||||||||
Calendar | Calendar | Transition Period | |||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | |||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | August 31, 2012 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | Through | through | ||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | December 31, | August 30, | ||||||||||||||||||||||||||||||||||||||||||||
2012 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||||||||||||||||||||||||||||||||
Operating costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||
General and administrative: | |||||||||||||||||||||||||||||||||||||||||||||||
Merger, acquisition and transaction costs          | $ | — | $ | — | $ | — | $ | 4,245 | |||||||||||||||||||||||||||||||||||||||
Other | — | — | — | (2 | ) | ||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Operating costs and expenses | — | — | — | 4,243 | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Other expense (income) | |||||||||||||||||||||||||||||||||||||||||||||||
Equity in (earnings) loss of AMC Entertainment Inc. | (64,080 | ) | (364,400 | ) | 42,670 | (94,400 | ) | ||||||||||||||||||||||||||||||||||||||||
Other expense | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
Interest expense: | |||||||||||||||||||||||||||||||||||||||||||||||
Corporate borrowings | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
Investment expense (income) | — | — | — | —  | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Total other expense (income) | (64,080 | ) | (364,400 | ) | 42,670 | (94,400 | ) | ||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Earnings (loss) before income taxes | 64,080 | 364,400 | (42,670 | ) | 90,157 | ||||||||||||||||||||||||||||||||||||||||||
Income tax provision | — | — | — | —  | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Net earnings (loss) | $ | 64,080 | $ | 364,400 | $ | (42,670 | ) | $ | 90,157 | ||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||||||||||||||||||||||||||||||||
AMC ENTERTAINMENT HOLDINGS, INC. | |||||||||||||||||||||||||||||||||||||||||||||||
CONSOLIDATED BALANCE SHEETS—PARENT ONLY | |||||||||||||||||||||||||||||||||||||||||||||||
                                                                                                                                                                                                      | |||||||||||||||||||||||||||||||||||||||||||||||
(In thousands, except share data) | December 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
(Successor) | (Successor) | ||||||||||||||||||||||||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||||||||||||||||||||
Current assets: | |||||||||||||||||||||||||||||||||||||||||||||||
Cash and equivalents | $ | 2,051 | $ | 2,143 | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
Total current assets | 2,051 | 2,143 | |||||||||||||||||||||||||||||||||||||||||||||
Goodwill | (2,143 | ) | (2,143 | ) | |||||||||||||||||||||||||||||||||||||||||||
Deferred tax asset | 27 | — | |||||||||||||||||||||||||||||||||||||||||||||
Investment in AMC Entertainment Inc. | 1,514,223 | 1,508,939 | |||||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 1,514,158 | $ | 1,508,939 | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||||||||||||||||||||||||||||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | |||||||||||||||||||||||||||||||||||||||||||||||
$ | — | $ | — | ||||||||||||||||||||||||||||||||||||||||||||
Class A common stock (temporary equity) ($.01 par value, 173,150 shares issued and 136,381 shares outstanding as of December 31, 2014; 173,150 shares issued and 140,466 shares outstanding as of December 31, 2013) | 1,426 | 1,469 | |||||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
Stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||
Class A common stock ($.01 par value, 524,173,073 shares authorized; 21,423,839 shares issued and outstanding as of December 31, 2014; 21,412,804 shares issued and outstanding as of December 31, 2013) | 214 | 214 | |||||||||||||||||||||||||||||||||||||||||||||
Class B common stock ($.01 par value, 75,826,927 shares authorized; 75,826,927 shares issued and outstanding as of December 31, 2014 and December 31, 2013) | 758 | 758 | |||||||||||||||||||||||||||||||||||||||||||||
Additional paid-in capital | 1,172,515 | 1,161,152 | |||||||||||||||||||||||||||||||||||||||||||||
Treasury stock (36,769 shares as of December 31, 2014 and 32,684 shares as of December 31, 2013, at cost) | (680 | ) | (588 | ) | |||||||||||||||||||||||||||||||||||||||||||
Accumulated other comprehensive income | 12,844 | 24,204 | |||||||||||||||||||||||||||||||||||||||||||||
Accumulated earnings | 327,081 | 321,730 | |||||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
Total stockholders' equity | 1,512,732 | 1,507,470 | |||||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
Total liabilities and stockholders' equity | $ | 1,514,158 | $ | 1,508,939 | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||||||||||||||||||||||||||||||||||||||
AMC ENTERTAINMENT HOLDINGS, INC. | |||||||||||||||||||||||||||||||||||||||||||||||
CONDENSED STATEMENTS OF CASH FLOWS—PARENT ONLY | |||||||||||||||||||||||||||||||||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||||||||||||||||||||||||||||||||
Calendar | Calendar | Transition Period | |||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | |||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | August 31, 2012 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | through | through | ||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | December 31, | August 30, | ||||||||||||||||||||||||||||||||||||||||||||
2012 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN CASH AND EQUIVALENTS | |||||||||||||||||||||||||||||||||||||||||||||||
Cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
Net earnings (loss) | $ | 64,080 | $ | 364,400 | $ | (42,670 | ) | $ | 90,157 | ||||||||||||||||||||||||||||||||||||||
Adjustments to reconcile net earnings (loss) to net cash used in operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
Deferred income taxes | 27 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
Equity in in (earnings) loss of AMC Entertainment Inc. | (64,080 | ) | (364,400 | ) | 42,670 | (94,400 | ) | ||||||||||||||||||||||||||||||||||||||||
Net change in operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
Receivables and other assets | — | — | — | 1,118 | |||||||||||||||||||||||||||||||||||||||||||
Accrued expenses and other liabilities          | (27 | ) | — | — | —  | ||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Net cash used in operating activities | — | — | — | (3,125 | ) | ||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
Net cash provided by investing activities          | — | — | — | —  | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock | (92 | ) | — | — | —  | ||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Net cash used in financing activities | (92 | ) | — | — | —  | ||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Net decrease in cash and equivalents | (92 | ) | — | — | (3,125 | ) | |||||||||||||||||||||||||||||||||||||||||
Cash and equivalents at beginning of period | 2,143 | 2,143 | 2,143 | 5,268 | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Cash and equivalents at end of period | $ | 2,051 | $ | 2,143 | $ | 2,143 | $ | 2,143 | |||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||||||||||||||||||||||||||||||||
AMC ENTERTAINMENT HOLDINGS, INC. | |||||||||||||||||||||||||||||||||||||||||||||||
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) | |||||||||||||||||||||||||||||||||||||||||||||||
Periods Ended December 31, 2014, December 31, 2013, and December 2012 | |||||||||||||||||||||||||||||||||||||||||||||||
NOTE 19—CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Continued) | |||||||||||||||||||||||||||||||||||||||||||||||
AMC ENTERTAINMENT HOLDINGS, INC. | |||||||||||||||||||||||||||||||||||||||||||||||
CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY—PARENT ONLY | |||||||||||||||||||||||||||||||||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||||||||||||||||||||||||||||||||
Class A-1 Voting | Class A-2 Voting | Class N Nonvoting | Class L-1 Voting | Class L-2 Voting | |||||||||||||||||||||||||||||||||||||||||||
Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | |||||||||||||||||||||||||||||||||||||||||||
(In thousands, except share and | Â Â Â | Shares | Amount | Â Â Â | Shares | Amount | Â Â Â | Shares | Â Â Â | Amount | Â Â Â | Shares | Â Â Â | Amount | Â Â Â | Shares | Â Â Â | Amount | Â Â Â | Additional | Â Â Â | Treasury | Â Â Â | Accumulated | Â Â Â | Accumulated | Â Â Â | Total | Â Â | ||||||||||||||||||
per share data) | Paid-in | Stock | Other | Earnings | Stockholders' | ||||||||||||||||||||||||||||||||||||||||||
Capital | Comprehensive | (Deficit) | Equity | ||||||||||||||||||||||||||||||||||||||||||||
Income (Loss) | |||||||||||||||||||||||||||||||||||||||||||||||
  Predecessor |     |   |    | ||||||||||||||||||||||||||||||||||||||||||||
Balance March 29, 2012 | 382,475.00 | $ | 4 | 382,475.00 | $ | 4 | 2,021.02 | $ | — | 256,085.61 | $ | 3 | 256,085.61 | $ | 3 | $ | 673,325 | $ | (2,596 | ) | $ | (20,203 | ) | $ | (492,939 | ) | $ | 157,601 | |||||||||||||||||||
Net earnings | — | — | — | — | — | — | — | — | — | — | — | — | — | 90,157 | 90,157 | ||||||||||||||||||||||||||||||||
Comprehensive earnings | — | — | — | — | — | — | — | — | — | — | — | — | 9,034 | — | 9,034 | ||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | — | — | — | — | — | — | — | — | 830 | — | — | — | 830 | ||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance August 30, 2012 | 382,475.00 | $ | 4 | 382,475.00 | $ | 4 | 2,021.02 | $ | — | 256,085.61 | $ | 3 | 256,085.61 | $ | 3 | $ | 674,155 | $ | (2,596 | ) | $ | (11,169 | ) | $ | (402,782 | ) | $ | 257,622 | |||||||||||||||||||
                                                                                                                                                                                    | |||||||||||||||||||||||||||||||||||||||||||||||
Class A Voting | Class B Voting | ||||||||||||||||||||||||||||||||||||||||||||||
Common Stock | Common Stock | Accumulated | |||||||||||||||||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||||||||||||||||
Additional | Treasury | Comprehensive | Accumulated | Total | |||||||||||||||||||||||||||||||||||||||||||
Paid-in | Stock | Income (Loss) | Earnings | Stockholders' | |||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Capital | Equity | ||||||||||||||||||||||||||||||||||||||||||
Successor | |||||||||||||||||||||||||||||||||||||||||||||||
Balance August 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||
Net loss | — | $ | — | — | $ | — | $ | — | $ | — | $ | — | $ | (42,670 | ) | $ | (42,670 | ) | |||||||||||||||||||||||||||||
Other comprehensive income                        | — | — | — | — | — | — | 9,444 | — | 9,444 | ||||||||||||||||||||||||||||||||||||||
Merger consideration | — | — | 66,252,108 | 662 | 699,338 | — | — | — | 700,000 | ||||||||||||||||||||||||||||||||||||||
Capital contributions | — | — | 9,574,819 | 96 | 99,904 | — | — | — | 100,000 | ||||||||||||||||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance December 31, 2012 | — | — | 75,826,927 | 758 | 799,242 | — | 9,444 | (42,670 | ) | 766,774 | |||||||||||||||||||||||||||||||||||||
Net earnings | — | — | — | — | — | — | — | 364,400 | 364,400 | ||||||||||||||||||||||||||||||||||||||
Other comprehensive income                        | — | — | — | — | — | — | 14,760 | — | 14,760 | ||||||||||||||||||||||||||||||||||||||
Net proceeds from IPO | 21,052,632 | 211 | — | — | 355,088 | — | — | — | 355,299 | ||||||||||||||||||||||||||||||||||||||
Stock-based compensation                        | 360,172 | 3 | — | — | 6,480 | — | — | — | 6,483 | ||||||||||||||||||||||||||||||||||||||
Purchase shares for treasury | — | — | — | — | 342 | (588 | ) | — | — | (246 | ) | ||||||||||||||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance December 31, 2013 | 21,412,804 | 214 | 75,826,927 | 758 | 1,161,152 | (588 | ) | 24,204 | 321,730 | 1,507,470 | |||||||||||||||||||||||||||||||||||||
Net earnings | — | — | — | — | — | — | — | 64,080 | 64,080 | ||||||||||||||||||||||||||||||||||||||
Other comprehensive loss                        | — | — | — | — | — | — | (11,360 | ) | — | (11,360 | ) | ||||||||||||||||||||||||||||||||||||
Dividends declared | — | — | — | — | 27 | — | — | (58,729 | ) | (58,702 | ) | ||||||||||||||||||||||||||||||||||||
Stock-based compensation                        | 11,035 | — | — | — | 11,293 | — | — | — | 11,293 | ||||||||||||||||||||||||||||||||||||||
Purchase shares for treasury | — | — | — | — | 43 | (92 | ) | — | — | (49 | ) | ||||||||||||||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance December 31, 2014 | 21,423,839 | $ | 214 | 75,826,927 | $ | 758 | $ | 1,172,515 | $ | (680 | ) | $ | 12,844 | $ | 327,081 | $ | 1,512,732 | ||||||||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
RELATED_PARTY_TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2014 | |
RELATED PARTY TRANSACTIONS | |
RELATED PARTY TRANSACTIONS | |
NOTE 20—RELATED PARTY TRANSACTIONS | |
Amended and Restated Fee Agreement | |
        Prior to the Merger, upon the consummation of a change of control transaction or an IPO, each of the Sponsors were entitled to receive, in lieu of quarterly payments of the annual management fee, a fee equal to the net present value of the aggregate annual management fee that would have been payable to the Sponsors during the remainder of the term of the fee agreement (assuming a twelve year term from the date of the original fee agreement), calculated using the treasury rate having a final maturity date that is closest to the twelfth anniversary of the date of the original fee agreement date. The Sponsors waived their right to the payment described above that was triggered by the Merger. As a result of the Merger, the Company ceased paying the annual management fee of $5,000,000 to the Sponsors. | |
Control Arrangement | |
        Wanda, through its stock ownership, has the ability to control the Company's affairs and policies and the election of directors and appointment of management. See Note 10—Stockholders' Equity for related party transactions with Wanda. | |
Non Consolidated Affiliates | |
        See Note 7—Investments for transactions with non-consolidated affiliates. | |
SUBSEQUENT_EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2014 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS | |
NOTE 21—SUBSEQUENT EVENTS | |
        On February 3, 2015, Holdings' Board of Directors declared a cash dividend in the amount of $0.20 per share of Class A and Class B common stock, payable on March 23, 2015 to stockholders of record on March 9, 2015. | |
        On January 12, 2015, the Compensation Committee and all of the Board of Directors of AMC Entertainment Holdings, Inc. adopted resolutions to terminate the AMC Postretirement Medical Plan with a targeted effective date of March 31, 2015. On January 23, 2015, the Company notified eligible associates that their retiree medical coverage under the plan will terminate after March 31, 2015. Payments to eligible associates will be in the amount of approximately $4,300,000 with a targeted payment date of March 31, 2015. The Company anticipates it will record gains including unrecognized prior service credits and actuarial gains recorded in accumulated other comprehensive income related to the termination and settlement of the plan during the first quarter of 2015. | |
EARNINGS_PER_SHARE
EARNINGS PER SHARE | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
EARNINGS PER SHARE | ||||||||||||||||
EARNINGS PER SHARE | ||||||||||||||||
NOTE 22—EARNINGS PER SHARE | ||||||||||||||||
        Basic earnings per share is computed by dividing net earnings from continuing operations by the weighted-average number of common shares outstanding. Diluted earnings per share includes the effects of contingently issuable RSUs and PSUs, if dilutive. | ||||||||||||||||
        The following table sets forth the computation of basic and diluted earnings from continuing operations per common share: | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
(In thousands) | 12 Months | 12 Months | From | March 30, | ||||||||||||
Ended | Ended | Inception | 2012 | |||||||||||||
December 31, | December 31, | August 31, | Through | |||||||||||||
2014 | 2013 | 2012 | August 30, | |||||||||||||
Through | 2012 | |||||||||||||||
December 31, | ||||||||||||||||
2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Numerator: | ||||||||||||||||
Earnings (loss) from continuing operations | $ | 63,767 | $ | 363,104 | $ | (41,982 | ) | $ | 55,004 | |||||||
Denominator (shares in thousands): | ||||||||||||||||
Weighted average shares for basic earnings (loss) per common share | 97,506 | 76,527 | 74,988 | 63,335 | ||||||||||||
Common equivalent shares for restricted stock units | 194 | — | — | — | ||||||||||||
Common equivalent shares for stock options | — | — | — | 380 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Shares for diluted earnings per common share | 97,700 | 76,527 | 74,988 | 63,715 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
Basic earnings (loss) from continuing operations per common share | $ | 0.65 | $ | 4.74 | $ | (0.56 | ) | $ | 0.87 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
Diluted earnings (loss) from continuing operations per common share | $ | 0.65 | $ | 4.74 | $ | (0.56 | ) | $ | 0.86 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
        Vested RSUs have dividend rights identical to the Company's Class A and Class B common stock and are treated as outstanding shares for purposes of computing basic and diluted earnings per share. Unvested RSUs and unvested PSUs are subject to performance conditions and are included in diluted earnings per share, if dilutive, using the treasury stock method based on the number of shares, if any, that would be issuable under the terms of the Company's 2013 Equity Incentive Plan if the end of the reporting period were the end of the contingency period. | ||||||||||||||||
        There were no outstanding options to purchase common shares during the Successor period. | ||||||||||||||||
SUPPLEMENTAL_FINANCIAL_INFORMA
SUPPLEMENTAL FINANCIAL INFORMATION (UNAUDITED) CONSOLIDATED STATEMENTS OF OPERATIONS BY QUARTER | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||||||||||
SUPPLEMENTAL FINANCIAL INFORMATION (UNAUDITED) CONSOLIDATED STATEMENTS OF OPERATIONS BY QUARTER | ||||||||||||||||||||||||||||||||
SUPPLEMENTAL FINANCIAL INFORMATION (UNAUDITED) CONSOLIDATED STATEMENTS OF OPERATIONS BY QUARTER | NOTE 23—SUPPLEMENTAL FINANCIAL INFORMATION (UNAUDITED) CONSOLIDATED STATEMENTS OF OPERATIONS BY QUARTER | |||||||||||||||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||||
(In thousands) | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||
March 31, 2014 | March 31, 2013 | June 30, 2014 | June 30, 2013 | September 30, 2014 | September 30, 2013 | December 31, 2014 | December 31, 2013 | December 31, 2014 | December 31, 2013 | |||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||
Revenues | ||||||||||||||||||||||||||||||||
Admissions | $ | 409,020 | $ | 382,884 | $ | 478,667 | $ | 515,306 | $ | 417,448 | $ | 466,988 | $ | 460,253 | $ | 482,149 | $ | 1,765,388 | $ | 1,847,327 | ||||||||||||
Food and beverage | 181,764 | 167,937 | 211,597 | 219,477 | 189,065 | 201,612 | 215,309 | 197,886 | 797,735 | 786,912 | ||||||||||||||||||||||
Other revenue | 31,974 | 26,981 | 36,309 | 27,882 | 27,391 | 27,384 | 36,593 | 32,942 | 132,267 | 115,189 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Total revenues | 622,758 | 577,802 | 726,573 | 762,665 | 633,904 | 695,984 | 712,155 | 712,977 | 2,695,390 | 2,749,428 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Operating Costs and Expenses | ||||||||||||||||||||||||||||||||
Film exhibition costs | 212,100 | 191,324 | 257,220 | 285,395 | 220,608 | 242,006 | 244,318 | 258,187 | 934,246 | 976,912 | ||||||||||||||||||||||
Food and beverage costs | 25,123 | 23,198 | 30,341 | 30,550 | 27,209 | 26,284 | 29,318 | 27,293 | 111,991 | 107,325 | ||||||||||||||||||||||
Operating expense | 179,693 | 164,210 | 189,283 | 187,219 | 177,949 | 182,630 | 186,413 | 192,582 | 733,338 | 726,641 | ||||||||||||||||||||||
Rent | 114,944 | 113,806 | 113,861 | 113,542 | 112,258 | 111,865 | 114,176 | 112,615 | 455,239 | 451,828 | ||||||||||||||||||||||
General and administrative:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||||||||||||||||||
Merger, acquisition and transactions costs                | 362 | 947 | 572 | 706 | 78 | 299 | 149 | 931 | 1,161 | 2,883 | ||||||||||||||||||||||
Other(1) | 18,220 | 16,313 | 15,149 | 17,034 | 12,961 | 26,450 | 18,543 | 37,491 | 64,873 | 97,288 | ||||||||||||||||||||||
Depreciation and amortization | 54,777 | 48,462 | 51,750 | 50,370 | 54,327 | 48,603 | 55,467 | 50,102 | 216,321 | 197,537 | ||||||||||||||||||||||
Impairment of long-lived assets | — | — | — | — | — | — | 3,149 | — | 3,149 | —  | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Operating costs and expenses | 605,219 | 558,260 | 658,176 | 684,816 | 605,390 | 638,137 | 651,533 | 679,201 | 2,520,318 | 2,560,414 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Operating income (loss) | 17,539 | 19,542 | 68,397 | 77,849 | 28,514 | 57,847 | 60,622 | 33,776 | 175,072 | 189,014 | ||||||||||||||||||||||
Other expense (income) | ||||||||||||||||||||||||||||||||
Other expense (income)(2)                | (4,229 | ) | — | (4,157 | ) | (294 | ) | (11 | ) | 110 | 53 | (1,231 | ) | (8,344 | ) | (1,415 | ) | |||||||||||||||
Interest expense: | ||||||||||||||||||||||||||||||||
Corporate borrowings | 29,658 | 33,173 | 27,989 | 32,310 | 26,897 | 32,221 | 26,528 | 32,259 | 111,072 | 129,963 | ||||||||||||||||||||||
Capital and financing lease obligations | 2,525 | 2,671 | 2,486 | 2,637 | 2,448 | 2,606 | 2,408 | 2,350 | 9,867 | 10,264 | ||||||||||||||||||||||
Equity in (earnings) losses of non-consolidated entities(3) Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | 5,384 | (546 | ) | (9,597 | ) | (23,274 | ) | (13,087 | ) | (14,323 | ) | (9,315 | ) | (9,292 | ) | (26,615 | ) | (47,435 | ) | |||||||||||||
Investment expense (income) | (7,857 | ) | (3,619 | ) | 172 | 282 | 181 | (69 | ) | (641 | ) | 1,322 | (8,145 | ) | (2,084 | ) | ||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Total other expense | 25,481 | 31,679 | 16,893 | 11,661 | 16,428 | 20,545 | 19,033 | 25,408 | 77,835 | 89,293 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Earnings (loss) from continuing operations before income taxes | (7,942 | ) | (12,137 | ) | 51,504 | 66,188 | 12,086 | 37,302 | 41,589 | 8,368 | 97,237 | 99,721 | ||||||||||||||||||||
Income tax provision (benefit)(4) | (3,100 | ) | 3,100 | 20,090 | 4,330 | 4,710 | 3,430 | 11,770 | (274,243 | ) | 33,470 | (263,383 | ) | |||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Earnings (loss) from continuing operations | (4,842 | ) | (15,237 | ) | 31,414 | 61,858 | 7,376 | 33,872 | 29,819 | 282,611 | 63,767 | 363,104 | ||||||||||||||||||||
Earnings (loss) from discontinued operations, net of income taxes(5) | 334 | 4,979 | (21 | ) | (282 | ) | — | (407 | ) | — | (2,994 | ) | 313 | 1,296 | ||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | (4,508 | ) | $ | (10,258 | ) | $ | 31,393 | $ | 61,576 | $ | 7,376 | $ | 33,465 | $ | 29,819 | $ | 279,617 | $ | 64,080 | $ | 364,400 | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||||
(In thousands, except per share data) | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||
March 31, 2014 | March 31, 2013 | June 30, 2014 | June 30, 2013 | September 30, 2014 | September 30, 2013 | December 31, 2014 | December 31, 2013 | December 31, 2014 | December 31, 2013 | |||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||
Basic earnings (loss) per share: | ||||||||||||||||||||||||||||||||
Earnings (loss) from continuing operations | $ | (0.05 | ) | $ | (0.20 | ) | $ | 0.32 | $ | 0.81 | $ | 0.08 | $ | 0.45 | $ | 0.31 | $ | 3.62 | $ | 0.65 | $ | 4.74 | ||||||||||
Earnings (loss) from discontinued operations | — | 0.07 | — | — | — | (0.01 | ) | — | (0.04 | ) | 0.01 | 0.02 | ||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Basic earnings (loss) per share | $ | (0.05 | ) | $ | (0.13 | ) | $ | 0.32 | $ | 0.81 | $ | 0.08 | $ | 0.44 | $ | 0.31 | $ | 3.58 | $ | 0.66 | $ | 4.76 | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Diluted earnings (loss) per share: | ||||||||||||||||||||||||||||||||
Earnings (loss) from continuing operations | $ | (0.05 | ) | $ | (0.20 | ) | $ | 0.32 | $ | 0.81 | $ | 0.08 | $ | 0.45 | $ | 0.3 | $ | 3.62 | $ | 0.65 | $ | 4.74 | ||||||||||
Earnings (loss) from discontinued operations | — | 0.07 | — | — | — | (0.01 | ) | — | (0.04 | ) | 0.01 | 0.02 | ||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Diluted earnings (loss) per share | $ | (0.05 | ) | $ | (0.13 | ) | $ | 0.32 | $ | 0.81 | $ | 0.08 | $ | 0.44 | $ | 0.3 | $ | 3.58 | $ | 0.66 | $ | 4.76 | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Average shares outstanding | ||||||||||||||||||||||||||||||||
Basic | 97,390 | 76,000 | 97,507 | 76,000 | 97,506 | 76,000 | 97,506 | 78,092 | 97,506 | 76,527 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Diluted | 97,390 | 76,000 | 97,628 | 76,000 | 97,628 | 76,000 | 97,865 | 78,092 | 97,700 | 76,527 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
-1 | During the twelve months ended December 31, 2014, other general and administrative expense decreased compared to the twelve months ended December 31, 2013, primarily due to decreases related to a discontinued cash-based management profit sharing plan, annual incentive compensation expense related to declines in operating performance, net periodic benefit costs for the pension and postretirement medical plans, legal expenses, expenses related to abandoned projects, and theatre support center rent. | |||||||||||||||||||||||||||||||
-2 | Other income for the twelve months ended December 31, 2014 was primarily due to a gain on extinguishment of indebtedness related to the cash tender offer and redemption of the Notes due 2019 of $8,544,000, partially offset by other expenses of $158,000. | |||||||||||||||||||||||||||||||
-3 | The decrease in equity in earnings of non-consolidated entities during the twelve months ended December 31, 2014 compared to the twelve months ended December 31, 2013, was primarily due to increases in equity in losses from Open Road Releasing, LLC and decreases in equity in earnings from NCM, partially offset by increases in equity in earnings from DCIP. See Note 7—Investments for additional information | |||||||||||||||||||||||||||||||
-4 | During the twelve months ended December 31, 2013, the Company reversed its recorded valuation allowance for deferred tax assets. The Company generated sufficient earnings in the United States federal and state tax jurisdictions where it had recorded valuation allowances to conclude that it did not need valuation allowances in these tax jurisdictions. This reversal is reflected as a non cash income tax benefit recorded during the twelve months ended December 31, 2013. See Note 11—Income Taxes for additional information. | |||||||||||||||||||||||||||||||
-5 | During the twelve months ended December 31, 2013, the Company received $4,666,000 for a sales price adjustment from the sale of theatres located in Canada. The sales price adjustment was related to tax attributes of the theatres sold in Canada which were not determinable or probable of collection at the date of the sale. The earnings from discontinued operations were partially offset by income taxes, legal and professional fees, and contractual repairs and maintenance expenses. | |||||||||||||||||||||||||||||||
THE_COMPANY_AND_SIGNIFICANT_AC1
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
BASIS OF PRESENTATION | ||||||||||||||||
Use of Estimates | Â Â Â Â Â Â Â Â Use of Estimates:Â Â Â Â The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions are used for, but not limited to: (1)Â Impairments, (2)Â Film exhibition costs, (3)Â Income and operating taxes, (4)Â Theatre and other closure expense, and (5)Â Gift card and packaged ticket income. Actual results could differ from those estimates. | |||||||||||||||
Principles of Consolidation |         Principles of Consolidation:    The consolidated financial statements include the accounts of AMCE and all subsidiaries, as discussed above. All significant intercompany balances and transactions have been eliminated in consolidation. There are no noncontrolling (minority) interests in the Company's consolidated subsidiaries; consequently, all of its stockholders' equity, net earnings (loss) and comprehensive income (loss) for the periods presented are attributable to controlling interests. As of December 31, 2014, December 31, 2013, and December 31, 2012, the Company managed its business under one reportable segment called Theatrical Exhibition. | |||||||||||||||
Fiscal Year |         Fiscal Year:    On November 15, 2012, the Company changed its fiscal year to a calendar year ending on December 31st of each year. Prior to the change, the Company had a 52/53 week fiscal year ending on the Thursday closest to the last day of March. The consolidated financial statements include the transition period of March 30, 2012 through December 31, 2012 ("Transition Period"). | |||||||||||||||
Discontinued Operations |         Discontinued Operations:    The results of operations for the Company's discontinued operations have been eliminated from the Company's continuing operations and classified as discontinued operations for each period presented within the Company's Consolidated Statements of Operations. See Note 4—Discontinued Operations for further information. | |||||||||||||||
Revenues | ||||||||||||||||
        Revenues:    Revenues are recognized when admissions and food and beverage sales are received at the theatres and are reported net of sales tax. The Company defers 100% of the revenue associated with the sales of gift cards and packaged tickets until such time as the items are redeemed or income from non-redemption is recorded. The Company recognizes income from non-redeemed or partially redeemed gift cards using the Proportional Method where it applies a non-redemption rate for its five gift card sales channels which ranges from 14% to 23% of the current month sales and the Company recognizes that total amount of income for that current month's sales as income over the next 24 months in proportion to the pattern of actual redemptions. The Company has determined its non-redeemed rates and redemption patterns using data accumulated over ten years on a company-wide basis. Income for non-redeemed packaged tickets continues to be recognized as the redemption of these items is determined to be remote, that is if a ticket has not been used within 18 months after being purchased. During the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012, the Company recognized $21,347,000, $19,510,000, $3,483,000, and $7,776,000 of income, respectively, related to the derecognition of gift card liabilities, which was recorded in other theatre revenues in the Consolidated Statements of Operations. During the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012, the Company recognized $11,710,000, $0, $0, and $4,818,000 of income, respectively, related to the derecognition of package ticket liabilities, which was recorded in other theatre revenues in the Consolidated Statements of Operations. As a result of fair value accounting due to the Merger, the Company did not recognize any income on packaged tickets until 18 months after the date of the Merger. | ||||||||||||||||
Film Exhibition Costs |         Film Exhibition Costs:    Film exhibition costs are accrued based on the applicable box office receipts and estimates of the final settlement to the film licenses. Film exhibition costs include certain advertising costs. As of December 31, 2014 and December 31, 2013, the Company recorded film payables of $95,847,000 and $149,378,000, respectively, which are included in accounts payable in the accompanying Consolidated Balance Sheets. | |||||||||||||||
Food and Beverage Costs | Â Â Â Â Â Â Â Â Food and Beverage Costs:Â Â Â Â The Company records payments from vendors as a reduction of food and beverage costs when earned. | |||||||||||||||
Screen Advertising |         Screen Advertising:    On March 29, 2005, the Company and Regal Entertainment Group ("Regal") combined their respective cinema screen advertising businesses into a joint venture company called National CineMedia, LLC ("NCM") and on July 15, 2005, Cinemark Holdings, Inc. ("Cinemark") joined NCM. The Company, Regal and Cinemark are known as the "Founding Members." NCM engages in the marketing and sale of cinema advertising and promotions products, business communications and training services. The Company records its share of on-screen advertising revenues generated by NCM in other theatre revenues. | |||||||||||||||
Customer Frequency Program |         Customer Frequency Program:    On April 1, 2011, the Company fully launched AMC Stubs, a customer frequency program, which allows members to earn rewards, including $10 for each $100 spent, redeemable on future purchases at AMC locations. The portion of the admissions and food and beverage revenues attributed to the rewards is deferred as a reduction of admissions and food and beverage revenues and is allocated between admissions and food and beverage revenues based on expected member redemptions. Rewards must be redeemed no later than 90 days from the date of issuance. Upon redemption, deferred rewards are recognized as revenues along with associated cost of goods. Rewards not redeemed within 90 days are forfeited and recognized as admissions or food and beverage revenues. Progress rewards (member expenditures toward earned rewards) for expired membership are forfeited upon expiration of the membership and recognized as admissions or food and beverage revenues. The program's annual membership fee is deferred, net of estimated refunds, and is recognized ratably over the one-year membership period. | |||||||||||||||
Advertising Costs |         Advertising Costs:    The Company expenses advertising costs as incurred and does not have any direct-response advertising recorded as assets. Advertising costs were $10,317,000, $9,684,000, $4,137,000, and $3,603,000 for the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012, respectively, and are recorded in operating expense in the accompanying Consolidated Statements of Operations. | |||||||||||||||
Cash and Equivalents | Â Â Â Â Â Â Â Â Cash and Equivalents:Â Â Â Â All highly liquid debt instruments and investments purchased with an original maturity of three months or less are classified as cash equivalents. | |||||||||||||||
Intangible Assets | Â Â Â Â Â Â Â Â Intangible Assets:Â Â Â Â Intangible assets are recorded at cost or fair value, in the case of intangible assets resulting from the Merger and acquisitions, and are comprised of amounts assigned to theatre leases acquired under favorable terms, management contracts, a contract with an equity method investee, and a non-compete agreement, each of which are being amortized on a straight-line basis over the estimated remaining useful lives of the assets, and trademark and trade names, which are considered indefinite lived intangible assets and therefore are not amortized but rather evaluated for impairment annually. | |||||||||||||||
        The Company first assesses the qualitative factors to determine whether the existence of events and circumstances indicate that it is more likely than not the fair vale of an indefinite-lived intangible asset is less than its carrying amount as a basis for determining whether it is necessary to perform the quantitative impairment test. There were no intangible asset impairment charges incurred during the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, the period March 30, 2012 through August 30, 2012. | ||||||||||||||||
Investments |         Investments:    The Company accounts for its investments in non-consolidated entities using either the cost or equity methods of accounting as appropriate, and has recorded the investments within other long-term assets in its Consolidated Balance Sheets. Equity earnings and losses are recorded when the Company's ownership interest provides the Company with significant influence. The Company follows the guidance in ASC 323-30-35-3, which prescribes the use of the equity method for investments where the Company has significant influence. The Company classifies gains and losses on sales of and changes of interest in equity method investments within equity in earnings of non-consolidated entities or in separate line items on the face of the Consolidated Statements of Operations when material, and classifies gains and losses on sales of investments or impairments accounted for using the cost method in investment income. Gains and losses on cash sales are recorded using the weighted average cost of all interests in the investments. Gains and losses related to non-cash negative common unit adjustments are recorded using the weighted average cost of those units in NCM. See Note 7—Investments for further discussion of the Company's investments in NCM. As of December 31, 2014, the Company holds equity method investments comprised of a 14.96% interest in NCM, a joint venture that markets and sells cinema advertising and promotions; a 32% interest in AC JV, LLC ("AC JV"), a joint venture that owns Fathom Events offering alternative content for motion picture screens; a 29% interest in Digital Cinema Implementation Partners LLC ("DCIP"), a joint venture charged with implementing digital cinema in the Company's theatres; a 50% ownership interest in two U.S. motion picture theatres and one IMAX screen; and a 50% ownership interest in Open Road Releasing, LLC, operator of Open Road Films, LLC ("Open Road Films"), a motion picture distribution company. | |||||||||||||||
        The Company's investment in RealD Inc. is an available-for-sale marketable equity security and is carried at fair value (Level 1). Unrealized gains and losses on available-for-sale securities are included in the Company's Consolidated Balance Sheets as a component of accumulated other comprehensive loss. See Note 7—Investments for further discussion of the Company's investment in RealD Inc. | ||||||||||||||||
Goodwill | Â Â Â Â Â Â Â Â Goodwill:Â Â Â Â Goodwill represents the excess of purchase price over fair value of net tangible and identifiable intangible assets related to the Merger and subsequent acquisitions. The Company is not required to amortize goodwill as a charge to earnings; however, the Company is required to conduct an annual review of goodwill for impairment. | |||||||||||||||
        The Company's recorded goodwill was $2,289,800,000 as of December 31, 2014 and December 31, 2013. The Company evaluates goodwill and its trademark and trade names for impairment annually as of the beginning of the fourth quarter or more frequently as specific events or circumstances dictate. The Company's goodwill is recorded in its Theatrical Exhibition operating segment, which is also the reporting unit for purposes of evaluating recorded goodwill for impairment. | ||||||||||||||||
        The Company performed its annual impairment analysis during the fourth quarter of calendar 2014 and the fourth quarter of calendar 2013, and reached a determination that there was no goodwill or trademark and trade name impairment. According to ASC 350-20, the Company has an option to first assess the qualitative factors to determine whether it is more likely than not that the fair value of its reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. During the fourth quarter of calendar 2014 and the fourth quarter of calendar 2013, the Company assessed qualitative factors and reached a determination that it is not more likely than not that the fair value of the Company's reporting unit is less than its carrying value, and therefore, no impairment charge was incurred. | ||||||||||||||||
Other Long-term Assets |         Other Long-term Assets:    Other long-term assets are comprised principally of investments in equity method investees and capitalized computer software, which is amortized over the estimated useful life of the software. See Note 8—Supplemental Balance Sheet Information. | |||||||||||||||
Accounts Payable |         Accounts Payable:    Under the Company's cash management system, checks issued but not presented to banks frequently result in book overdraft balances for accounting purposes and are classified within accounts payable in the balance sheet. The change in book overdrafts are reported as a component of operating cash flows for accounts payable as they do not represent bank overdrafts. The amount of these checks included in accounts payable as of December 31, 2014 and December 31, 2013 was $43,692,000 and $52,093,000, respectively. | |||||||||||||||
Leases | Â Â Â Â Â Â Â Â Leases:Â Â Â Â The majority of the Company's operations are conducted in premises occupied under lease agreements with initial base terms ranging generally from 15 to 20Â years, with certain leases containing options to extend the leases for up to an additional 20Â years. The Company does not believe that exercise of the renewal options are reasonably assured at the inception of the lease agreements and, therefore, considers the initial base term as the lease term. Lease terms vary but generally the leases provide for fixed and escalating rentals, contingent escalating rentals based on the Consumer Price Index not to exceed certain specified amounts and contingent rentals based on revenues with a guaranteed minimum. | |||||||||||||||
        The Company records rent expense for its operating leases on a straight-line basis over the initial base lease term commencing with the date the Company has "control and access" to the leased premises, which is generally a date prior to the "lease commencement date" in the lease agreement. Rent expense related to any "rent holiday" is recorded as operating expense, until construction of the leased premises is complete and the premises are ready for their intended use. Rent charges upon completion of the leased premises subsequent to the theatre opening date are expensed as a component of rent expense. | ||||||||||||||||
        Occasionally, the Company will receive amounts from developers in excess of the costs incurred related to the construction of the leased premises. The Company records the excess amounts received from developers as deferred rent and amortizes the balance as a reduction to rent expense over the base term of the lease agreement. | ||||||||||||||||
        The Company evaluates the classification of its leases following the guidance in ASC 840-10-25. Leases that qualify as capital leases are recorded at the present value of the future minimum rentals over the base term of the lease using the Company's incremental borrowing rate. Capital lease assets are assigned an estimated useful life at the inception of the lease that generally corresponds with the base term of the lease. | ||||||||||||||||
        Occasionally, the Company is responsible for the construction of leased theatres and for paying project costs that are in excess of an agreed upon amount to be reimbursed from the developer. ASC 840-40-05-5 requires the Company to be considered the owner (for accounting purposes) of these types of projects during the construction period and therefore it is required to account for these projects as sale and leaseback transactions. As a result, the Company has recorded financing lease obligations for failed sale leaseback transactions of $80,645,000 and $85,902,000 in its Consolidated Balance Sheets related to these types of projects as of December 31, 2014 and December 31, 2013, respectively. | ||||||||||||||||
Sale and Leaseback Transactions | Â Â Â Â Â Â Â Â Sale and Leaseback Transactions:Â Â Â Â The Company accounts for the sale and leaseback of real estate assets in accordance with ASC 840-40. Losses on sale leaseback transactions are recognized at the time of sale if the fair value of the property sold is less than the net book value of the property. Gains on sale and leaseback transactions are deferred and amortized over the remaining lease term. | |||||||||||||||
Impairment of Long-lived Assets | Â Â Â Â Â Â Â Â Impairment of Long-lived Assets:Â Â Â Â The Company reviews long-lived assets, including definite-lived intangibles, investments in non-consolidated equity method investees, marketable equity securities and internal use software for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. The Company identifies impairments related to internal use software when management determines that the remaining carrying value of the software will not be realized through future use. The Company reviews internal management reports on a quarterly basis as well as monitors current and potential future competition in the markets where it operates for indicators of triggering events or circumstances that indicate potential impairment of individual theatre assets. The Company evaluates theatres using historical and projected data of theatre level cash flow as its primary indicator of potential impairment and considers the seasonality of its business when making these evaluations. The Company performs impairment analysis during the last quarter of the year. Under these analyses, if the sum of the estimated future cash flows, undiscounted and without interest charges, are less than the carrying amount of the asset, an impairment loss is recognized in the amount by which the carrying value of the asset exceeds its estimated fair value. Assets are evaluated for impairment on an individual theatre basis, which management believes is the lowest level for which there are identifiable cash flows. The impairment evaluation is based on the estimated cash flows from continuing use until the expected disposal date for the fair value of furniture, fixtures and equipment. The expected disposal date does not exceed the remaining lease period unless it is probable the lease period will be extended and may be less than the remaining lease period when the Company does not expect to operate the theatre to the end of its lease term. The fair value of assets is determined as either the expected selling price less selling costs (where appropriate) or the present value of the estimated future cash flows. The fair value of furniture, fixtures and equipment has been determined using similar asset sales, in some instances with the assistance of third party valuation studies and using management judgment. | |||||||||||||||
        There is considerable management judgment necessary to determine the estimated future cash flows and fair values of the Company's theatres and other long-lived assets, and, accordingly, actual results could vary significantly from such estimates, which fall under Level 3 within the fair value measurement hierarchy, see Note 16—Fair Value Measurements. | ||||||||||||||||
        Impairment losses in the Consolidated Statements of Operations are included in the following captions: | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||
Ended | Ended | August 31, | 2012 | |||||||||||||
December 31, | December 31, | 2012 | through | |||||||||||||
2014 | 2013 | through | August 30, | |||||||||||||
December 31, | 2012 | |||||||||||||||
2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Impairment of long-lived assets | $ | 3,149 | $ | — | $ | — | $ | — | ||||||||
Investment expense (income) | — | 1,370 | — | —  | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Total impairment losses | $ | 3,149 | $ | 1,370 | $ | — | $ | —  | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
        During calendar 2014, the Company recognized an impairment loss of $3,149,000 on 8 theatres with 94 screens, which was related to property, net. During calendar 2013, the Company recognized non-cash impairment losses of $1,370,000 related to a marketable equity security when it was determined that its decline in value was other than temporary. There were no impairments during the period August 31, through December 31, 2012, and the period March 30, 2012 through August 30, 2012. | ||||||||||||||||
Foreign Currency Translation | Â Â Â Â Â Â Â Â Foreign Currency Translation:Â Â Â Â Operations outside the United States are generally measured using the local currency as the functional currency. Assets and liabilities are translated at the rates of exchange at the balance sheet date. Income and expense items are translated at average rates of exchange. The resultant translation adjustments are included in foreign currency translation adjustment, a separate component of accumulated other comprehensive income. Gains and losses from foreign currency transactions, except those intercompany transactions of a long-term investment nature, are included in net earnings (loss). If the Company substantially liquidates its investment in a foreign entity, any gain or loss on currency translation balance recorded in accumulated other comprehensive income is recognized as part of a gain or loss on disposition. | |||||||||||||||
Income and Operating Taxes |         Income and Operating Taxes:    The Company accounts for income taxes in accordance with ASC 740-10. Under ASC 740-10, deferred income tax effects of transactions reported in different periods for financial reporting and income tax return purposes are recorded by the asset and liability method. This method gives consideration to the future tax consequences of deferred income or expense items and recognizes changes in income tax laws in the period of enactment. The statement of operations effect is generally derived from changes in deferred income taxes on the balance sheet. During the twelve months ended December 31, 2013, the Company reversed $265,600,000 ($3.47 per share) of valuation allowance which increased its net earnings. | |||||||||||||||
        Holdings and its subsidiaries file a consolidated federal income tax return and combined income tax returns in certain state jurisdictions. Income taxes are allocated based on separate Company computations of income or loss. Tax sharing arrangements are in place and utilized when tax benefits from affiliates in the consolidated group are used to offset what would otherwise be taxable income generated by Holdings or another affiliate. | ||||||||||||||||
Casualty Insurance |         Casualty Insurance:    The Company is self-insured for general liability up to $1,000,000 per occurrence and carries a $500,000 deductible limit per occurrence for workers compensation claims. The Company utilizes actuarial projections of its ultimate losses to calculate its reserves and expense. The actuarial method includes an allowance for adverse developments on known claims and an allowance for claims which have been incurred but which have not yet been reported. As of December 31, 2014 and December 31, 2013, the Company had recorded casualty insurance reserves of $17,197,000 and $16,549,000, respectively, net of estimated insurance recoveries. The Company recorded expenses related to general liability and workers compensation claims of $16,329,000, $16,332,000, $3,913,000, and $5,732,000 for the twelve months ended December 31, 2014, the twelve months ended December 31, 2013, the period August 31, 2012 through December 31, 2012, and the period March 30, 2012 through August 30, 2012, respectively. | |||||||||||||||
Other Expense (Income) | Â Â Â Â Â Â Â Â Other Expense (Income):Â Â Â Â The following table sets forth the components of other expense (income): | |||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||
Ended | Ended | August 31, | 2012 | |||||||||||||
December 31, | December 31, | 2012 | through | |||||||||||||
2014 | 2013 | Through | August 30, | |||||||||||||
December 31, | 2012 | |||||||||||||||
2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Gain on redemption of 8.75% Senior Fixed Rate Notes due 2019 | $ | (8,386 | ) | $ | — | $ | — | $ | — | |||||||
Gain on redemption and modification of Senior Secured Credit Facility | — | (130 | ) | — | — | |||||||||||
Loss on redemption of 8% Senior Subordinated Notes due 2014 | — | — | — | 1,297 | ||||||||||||
Business interruption insurance recoveries | — | (1,285 | ) | — | (337 | ) | ||||||||||
Other expense | 42 | — | 49 | —  | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Other expense (income) | $ | (8,344 | ) | $ | (1,415 | ) | $ | 49 | $ | 960 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
Policy for Consolidated Statements of Cash Flows | Â Â Â Â Â Â Â Â Policy for Consolidated Statements of Cash Flows:Â Â Â Â The Company considers the amount recorded for corporate borrowings issued or acquired at a premium above the stated principal balance to be part of the amount borrowed and classifies the related cash inflows and outflows up to but not exceeding the borrowed amount as financing activities in its Consolidated Statements of Cash Flows. For amounts borrowed in excess of the stated principal amount, a portion of the semi-annual coupon payment is considered to be a repayment of the amount borrowed and the remaining portion of the semi-annual coupon payment is an interest payment flowing through operating activities based on the level yield to maturity of the debt. | |||||||||||||||
New Accounting Pronouncements |         New Accounting Pronouncements:    In February 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-02, Consolidation (Topic 810)—Amendments to the Consolidation Analysis ("ASU 2015-02"), which provides guidance on evaluating whether a reporting entity should consolidate certain legal entities. Specifically, the amendments modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities. Further, the amendments eliminate the presumption that a general partner should consolidate a limited partnership, as well as affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. A reporting entity may apply the amendments using a modified retrospective approach or a full retrospective application. The Company is currently evaluating the impact, if any, that adopting ASU 2015-02 will have on its consolidated financial position, results of operations or cash flows. | |||||||||||||||
        In June 2014, the FASB issued ASU No. 2014-12, Compensation—Stock Compensation (Topic 718), ("ASU 2014-12"). This update is intended to resolve the diverse accounting treatment of share-based awards that require a specific performance target to be achieved in order for employees to become eligible to vest in the awards. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period for which the requisite service has already been rendered. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. The Company expects to apply the amendments prospectively to all awards granted or modified after the effective date and expects to adopt ASU 2014-12 as of the beginning of 2016. The Company does not anticipate the adoption of ASU 2014-12 to have a material impact on the Company's consolidated financial position, cash flows, or results of operations. | ||||||||||||||||
        In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), ("ASU 2014-09"), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures and has not yet selected a transition method. | ||||||||||||||||
        In April 2014, the FASB issued ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, ("ASU 2014-08"). This amendment changes the requirements for reporting discontinued operations and includes enhanced disclosures about discontinued operations. Under the amendment, only those disposals of components of an entity that represent a strategic shift that has a major effect on an entity's operations and financial results will be reported as discontinued operations in the financial statements. ASU 2014-08 is effective prospectively for annual periods beginning on or after December 15, 2014, and interim reporting periods within those years. Early adoption is permitted. The Company expects to adopt ASU 2014-08 as of the beginning of 2015 and it does not anticipate the adoption of ASU 2014-08 to have a material impact on the Company's consolidated financial position, cash flows, or results of operations. | ||||||||||||||||
        In March 2013, the FASB issued ASU No. 2013-05, Foreign Currency Matters (Topic 830)—Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity, ("ASU 2013-05"). This amendment clarifies the applicable guidance for the release of cumulative translation adjustment into net earnings. When an entity ceases to have a controlling financial interest in a subsidiary or group of assets within a foreign entity, the entity is required to apply the guidance in ASC 830-30 to release any related cumulative translation adjustment into net earnings. Accordingly, the cumulative translation adjustment should be released into net earnings only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. ASU 2013-05 is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2013. Early adoption is permitted as of the beginning of the entity's fiscal year. The Company adopted ASU 2013-05 as of the beginning of 2014 and the adoption of ASU 2013-05 did not have a material impact on the Company's consolidated financial position, cash flows, or results of operations. | ||||||||||||||||
THE_COMPANY_AND_SIGNIFICANT_AC2
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | ||||||||||||||||
Schedule of impairment losses in the Consolidated Statements of Operations | (In thousands) | 12 Months | 12 Months | From Inception | March 30, | |||||||||||
Ended | Ended | August 31, | 2012 | |||||||||||||
December 31, | December 31, | 2012 | through | |||||||||||||
2014 | 2013 | through | August 30, | |||||||||||||
December 31, | 2012 | |||||||||||||||
2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Impairment of long-lived assets | $ | 3,149 | $ | — | $ | — | $ | — | ||||||||
Investment expense (income) | — | 1,370 | — | —  | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Total impairment losses | $ | 3,149 | $ | 1,370 | $ | — | $ | —  | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
Schedule of components of other expense (income) | (In thousands) | 12 Months | 12 Months | From Inception | March 30, | |||||||||||
Ended | Ended | August 31, | 2012 | |||||||||||||
December 31, | December 31, | 2012 | through | |||||||||||||
2014 | 2013 | Through | August 30, | |||||||||||||
December 31, | 2012 | |||||||||||||||
2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Gain on redemption of 8.75% Senior Fixed Rate Notes due 2019 | $ | (8,386 | ) | $ | — | $ | — | $ | — | |||||||
Gain on redemption and modification of Senior Secured Credit Facility | — | (130 | ) | — | — | |||||||||||
Loss on redemption of 8% Senior Subordinated Notes due 2014 | — | — | — | 1,297 | ||||||||||||
Business interruption insurance recoveries | — | (1,285 | ) | — | (337 | ) | ||||||||||
Other expense | 42 | — | 49 | —  | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Other expense (income) | $ | (8,344 | ) | $ | (1,415 | ) | $ | 49 | $ | 960 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
MERGER_Tables
MERGER (Tables) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Merger | |||||
Summary of unaudited pro forma financial information related to statements of operations | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||
(In thousands) | Pro forma | ||||
March 30, 2012 | |||||
through | |||||
December 31, | |||||
2012 | |||||
(unaudited) | |||||
Revenues | |||||
Admissions | $ | 1,364,663 | |||
Food and beverage | 571,869 | ||||
Other theatre | 72,574 | ||||
Total revenues | 2,009,106 | ||||
Operating Costs and Expenses | |||||
Film exhibition costs | 728,100 | ||||
Food and beverage costs | 77,871 | ||||
Operating expense | 529,235 | ||||
Rent | 331,397 | ||||
General and administrative: | |||||
Merger, acquisition and transaction costs | 7,783 | ||||
Management fee | — | ||||
Other | 55,594 | ||||
Depreciation and amortization | 150,234 | ||||
Operating costs and expenses | 1,880,214 | ||||
Operating income | 128,892 | ||||
Other expense (income) | |||||
Other expense | 1,009 | ||||
Interest expense | |||||
Corporate borrowings | 103,429 | ||||
Capital and financing lease obligations | 4,263 | ||||
Equity in earnings of non-consolidated entities | (7,499 | ) | |||
Investment expense | 578 | ||||
Total other expense | 101,780 | ||||
Earnings from continuing operations before income taxes | 27,112 | ||||
Income tax provision | 8,900 | ||||
Earnings from continuing operations | 18,212 | ||||
Earnings from discontinued operations | 34,465 | ||||
​ | ​ | ​  | ​  | ​ | |
Net earnings | $ | 52,677 | |||
​ | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​  | |
Summary of the contingent costs | |||||
                                                                                                                                                                                    | |||||
(In thousands) | |||||
Financial advisor fees | $ | 18,129Â | (a) | ||
Management transaction bonuses | 6,000Â | (b) | |||
Bond amendment fees | 3,946Â | (c) | |||
Unrecognized stock compensation expense | 3,177Â | (d) | |||
Other contingent transaction costs | 210Â | ||||
$ | 31,462Â | ||||
​ | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​  | |
(a) | These represent non-exclusive arrangements made with multi-parties to provide advice and assistance related to the sale of Holdings. Payment terms were contingent upon consummation of a sale. Each agreement was entered into by Predecessor entities when the Company was under previous ownership. | ||||
(b) | Management bonuses were approved by the Predecessor Entity and previous ownership group to help incent key Holdings' management team members to use their best efforts to help facilitate the sale of the Company. Payments were contingent on the consummation of a transaction. | ||||
(c) | Consent fees were paid pursuant to a consent solicitation to amend indentures relating to the Company's outstanding notes and permit the sale of the Company without triggering change of control payments. The payments were only made upon closing the Wanda transaction. | ||||
(d) | Unrecognized stock compensation for previously existing awards that became payable due to change of control provisions and only upon consummation of a sale transaction. | ||||
AMCH | Merger Subsidiary | |||||
Merger | |||||
Summary of the final allocation of the Merger consideration | |||||
                                                                                                                                                                                                           | |||||
(In thousands) | Total | ||||
(Predecessor) | |||||
Cash | $ | 103,784 | |||
Receivables, net | 29,775 | ||||
Other current assets | 34,840 | ||||
Property, net(1) | 1,034,597 | ||||
Intangible assets, net(2) | 246,507 | ||||
Goodwill(3) | 2,202,080 | ||||
Other long-term assets(4) | 339,013 | ||||
Accounts payable | (134,186 | ) | |||
Accrued expenses and other liabilities | (138,535 | ) | |||
Credit card, package tickets, and loyalty program liability(5) | (117,841 | ) | |||
Corporate borrowings(6) | (2,086,926 | ) | |||
Capital and financing lease obligations | (60,922 | ) | |||
Exhibitor services agreement(7) | (322,620 | ) | |||
Other long-term liabilities(8) | (427,755 | ) | |||
​ | ​ | ​  | ​  | ​ | |
Total Merger consideration | $ | 701,811 | |||
​ | ​ | ​  | ​  | ​ | |
Corporate borrowings | 2,086,926 | ||||
Capital and financing lease obligations | 60,922 | ||||
Less: cash | (103,784 | ) | |||
​ | ​ | ​  | ​  | ​ | |
Total transaction value | $ | 2,745,875 | |||
​ | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​  | |
-1 | Property, net consists of real estate, leasehold improvements and furniture, fixtures and equipment recorded at fair value. | ||||
-2 | Intangible assets consist of a trademark and trade names, a non-compete agreement, management contracts, a contract with an equity method investee, and favorable leases. In general, the majority of the Company's asset value is comprised of real estate and fixed assets. Furthermore, the majority of the Company's theatres are operated via lease agreements as opposed to owning the underlying real estate. Therefore, any asset value related to leased real estate would exist only if the existing lease agreements were at below-market, or favorable, terms. Certain of the Company's leased locations were considered to be at favorable terms, and an intangible asset was ascribed for such lease agreements. However, the majority of lease agreements were considered to be at market terms. As a result, there is no owned real estate or lease intangible asset value ascribed to the majority of the Company's locations. In estimating the fair value of the favorable lease agreements, market rents were estimated for each of the Company's leased locations. If the contractual rents were considered to be below the market rent, a favorable lease agreement was valued by discounting the difference between the contractual rent and estimated market rates over the remaining lease term. Renewal options in the leases were also considered in determining the remaining lease term. | ||||
Other intangible assets were also considered. For the Company's business, the largest intangible asset (other than favorable lease agreements) is the trade name. There was no customer relationship asset since the Company's customers represent "walk-in traffic" in which the customer would not meet the legal or separable criteria under ASC 805. The royalty savings method, a form of the income approach, was used to estimate the fair value of the trade name. In estimating the appropriate royalty rate for the trade name, the Company considered the impact and contribution that the trade name provides to the Company's operating cash flows. The Company assessed that the trade name does provide some contribution to the Company's operating cash flow, but that the attendance in the theatre is ultimately driven by factors that are not separable from goodwill such as the quality of the film product, the location of each individual theatre, the physical condition of the individual theatre, and the competitive landscape of the individual theatre. | |||||
Other than the favorable lease agreements and the trade name, there are not many other operating intangible assets for the Company's business. However, the Company does have some contractual relationships identified as intangible assets. These contractual relationships include the non-compete agreement that was entered into as part of the Company's acquisition of Kerasotes, management agreements in which the Company manages certain theatres that are owned by a third party, and the NCM tax receivable agreement (the "NCM TRA") which represents an agreement in which the Company receives a certain portion of a tax benefit that NCM is expected to receive as part of the Company's partial ownership interest in NCM. The non-compete agreement was valued using the differential cash flow method, a form of the income approach, in which the cash flows of the Company were estimated under a scenario in which the non-compete agreement was in place and a scenario in which there was no non-compete agreement. The value of the non-compete agreement was considered to be the difference of the discounted cash flows between the two scenarios over the remaining contractual term of the agreement. The management agreements were valued using the income approach, in which the annual management fees over the life of the agreements were discounted. The NCM TRA was valued using the income approach in which the future tax benefit distribution realized from any tax amortization of intangible assets was estimated and discounted. The Company determined the value of the TRA using a discounted cash flow model. For the purposes of its analysis, the Company estimated the cash receipts from taxable transactions that were known as of the date of the Merger. The Company did not consider future transactions that NCM may undertake. The Company estimated a run-off of the intangible asset amortization benefits from the TRA due to the following transactions: | |||||
1 | ESA (Exhibitor Services Agreement)—relates to the amortization due to a modification of the initial ESA agreement. | ||||
2 | CUA (Common Unit Adjustment)—relates to NCM issuing additional common units to the founding members if there is an increase in the number of theaters under the ESA agreement. A reduction of common units is made if there are theaters removed from the ESA agreement. | ||||
3 | AMC II Benefit—relates to AMC's acquisition of Kerasotes theaters. | ||||
4 | IPO Exchange Benefit—relates to amortization from NCM's IPO in 2007. | ||||
5 | IPO II Exchange Benefit—relates to amortization step ups from NCM's secondary IPO in 2010. | ||||
6 | Capital Account Administration Allocation—relates to receipts attributable to the account administration. | ||||
The estimated TRA receipts through 2037 are tax effected at 40%, based on a blended federal and 50-state average tax rate. The after tax receipts were discounted to a present value using a discount rate of 12.0%, based on the cost of equity of NCM, as the TRA payments only benefit the equity holders. See Note 7—Investments for additional information. | |||||
-3 | Goodwill represents the excess of the Merger consideration over the net assets recognized and represents the future expected economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Goodwill associated with the Merger is not tax deductible. Additionally, the Company expects to realize synergies and cost savings related to the Merger. Wanda is the largest theatre exhibition operator in China through its controlling ownership interest in Wanda Cinema Line. The combined ownership and scale of AMC and Wanda Cinema Line, has enabled them to enhance relationships and obtain better terms for important food and beverage, lighting and theatre supply vendors, and to expand their strategic partnership with IMAX. Wanda and AMC are also working together to offer Hollywood studios and other production companies valuable access to their industry-leading promotion and distribution platforms, with the goal of gaining greater access to content and playing a more important role in the industry going forward. | ||||
-4 | Other long-term assets primarily include equity method investments, real estate held for investment and marketable equity securities recorded at fair value. | ||||
-5 | Represents a liability related to the sales of gift cards, packaged tickets and AMC Stubs™ memberships and rewards outstanding at August 30, 2012, recorded at fair value. The Company determined fair value for the gift cards and packaged tickets by removing the amount of unrecognized breakage income that was included in the deferred revenue amounts prior to the Merger. The Company made purchase accounting adjustments to reduce its deferred revenues for packaged tickets by $24,859,000 and gift cards by $7,441,000 such that the Company would recognize a normal profit margin on its deferred revenues for the future redemptions of the sales that occurred prior to the Merger. The Company did not make any fair value adjustments to its deferred revenues related to AMC Stubs as a result of the Merger because deferred revenues for the annual memberships require performance by AMC in the future and there was not sufficient historical data to estimate amounts of future breakage for AMC Stubs rewards. AMC Stubs vested rewards expire after 90 days if unused and AMC Stubs progress rewards expire to the extent members do not renew their annual membership. | ||||
-6 | Corporate borrowings include borrowings under the Senior Secured Credit Facility-Term Loan due 2016, the Senior Secured Credit Facility-Term Loan due 2018, the 8.75% Senior Fixed Rate Notes due 2019 and the 9.75% Senior Subordinated Notes due 2020, recorded at fair value. | ||||
-7 | In connection with the completion of NCM, Inc.'s IPO on February 13, 2007, the Company entered into the Exhibitor Services Agreement that provided favorable terms to NCM in exchange for a payment of $231,308,000. The Exhibitor Services Agreement was considered an unfavorable contract to the Company based on a comparison of rates charged by NCM to third-party exhibitors. The market rate was estimated as the average rate charged by NCM to third party exhibitors. The fair value of the contract was estimated as the present value of the difference between the Company's expected payments under the contract and a market rate over the life of the Exhibitor Services Agreement. The Company's expected payments were estimated based on the Company's expected annual attendance, screen count, and advertising revenues over the life of the exhibitor Services Agreement. See Note 7—Investments for additional information. | ||||
-8 | Other long-term liabilities consist of certain theatre leases that have been identified as unfavorable, adjustments to reset deferred rent related to escalations of minimum rentals to zero, adjustments for pension and postretirement medical plan liabilities and deferred RealDÂ Inc. lease incentive recorded at fair value. Other long-term liabilities include deferred tax liabilities resulting from indefinite temporary differences that arose primarily from the application of "push down" accounting. | ||||
ACQUISITION_Tables
ACQUISITION (Tables) (Rave Reviews Cinemas, LLC) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Rave Reviews Cinemas, LLC | |||||
ACQUISITION | |||||
Summary of allocation of the purchase price | |||||
                                                                                                                                                                                    | |||||
(In thousands) | Total | ||||
(Successor) | |||||
Cash | $ | 3,649 | |||
Receivables, net(1) | 58 | ||||
Other current assets | 1,556 | ||||
Property, net | 79,428 | ||||
Goodwill(2) | 87,720 | ||||
Deferred tax asset | 3,752 | ||||
Accrued expenses and other liabilities | (7,243 | ) | |||
Capital and financing lease obligations | (62,598 | ) | |||
Other long-term liabilities(3) | (13,990 | ) | |||
Total purchase price | $ | 92,332 | |||
​ | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​  | |
-1 | Receivables consist of trade receivables recorded at estimated fair value. The Company did not acquire any other class of receivables as a result of the acquisition of the Rave theatres. | ||||
-2 | Amounts recorded for goodwill are expected to be deductible for tax purposes. | ||||
-3 | Amounts recorded for other long-term liabilities consist of unfavorable leases and long-term deferred tax liabilities. | ||||
DISCONTINUED_OPERATIONS_Tables
DISCONTINUED OPERATIONS (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Schedule of calculation of the gain on sale and closure of theatres and components of amounts reflected as (earnings) loss from discontinued operations in the Company's Consolidated Statements of Operations | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
Calendar | Calendar | Transition Period | ||||||||||||||
2014 | 2013 | |||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||
Ended | Ended | August 31, 2012 | 2012 | |||||||||||||
December 31, | December 31, | through | through | |||||||||||||
2014 | 2013 | December 31, 2012 | August 30, 2012 | |||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Revenues | ||||||||||||||||
Admissions | $ | — | $ | — | $ | — | $ | 16,389 | ||||||||
Food and beverage | — | — | — | 6,099 | ||||||||||||
Other theatre | — | — | — | 548 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Total revenues | — | — | — | 23,036 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Operating costs and expenses | ||||||||||||||||
Film exhibition costs | — | — | — | 8,706 | ||||||||||||
Food and beverage costs | — | — | 66 | 1,252 | ||||||||||||
Operating expense | — | — | 439 | 15,592 | ||||||||||||
Rent | — | — | — | 7,322 | ||||||||||||
General and administrative costs | — | — | 221 | 511 | ||||||||||||
Depreciation and amortization | — | — | — | 263 | ||||||||||||
Gain on disposition | (523 | ) | (2,126 | ) | (37 | ) | (46,951 | ) | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Operating costs and expenses | (523 | ) | (2,126 | ) | 689 | (13,305 | ) | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Operating income (loss) | 523 | 2,126 | (689 | ) | 36,341 | |||||||||||
Investment income | — | — | (1 | ) | (12 | ) | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Total other expense (income) | — | — | (1 | ) | (12 | ) | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Earnings (loss) before income taxes | 523 | 2,126 | (688 | ) | 36,353 | |||||||||||
Income tax provision | 210 | 830 | — | 1,200 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | 313 | $ | 1,296 | $ | (688 | ) | $ | 35,153 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
Seven Canada theatres and one United Kingdom theatre | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Schedule of calculation of the gain on sale and closure of theatres and components of amounts reflected as (earnings) loss from discontinued operations in the Company's Consolidated Statements of Operations | ||||||||||||||||
                                                                                                                                                                                                          | ||||||||||||||||
(In thousands) | Total | |||||||||||||||
(Predecessor) | ||||||||||||||||
Proceeds from sale of UK theatre | $ | 395 | ||||||||||||||
Proceeds from sale of Canada theatres | 1,472 | |||||||||||||||
Cash payment for closure of Canada theatre | (7,562 | ) | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
Net cash payment | $ | (5,695 | ) | |||||||||||||
Fixed asset write-offs | (1,885 | |||||||||||||||
) | ||||||||||||||||
Recognition of cumulative translation losses in AOCI(1) | (11,069 | ) | ||||||||||||||
Legal and professional fees | (1,582 | ) | ||||||||||||||
Operating Lease Liabilities: | ||||||||||||||||
Deferred rent write-off | 14,848 | |||||||||||||||
Unfavorable lease write-off | 31,099 | |||||||||||||||
Deferred gain write-off | 13,666 | |||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
Gain on sale, net of lease termination expense | $ | 39,382 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
​ | ​ | ​  | ​  | ​  | ||||||||||||
-1 | Included in Consolidated Statements of Comprehensive Income (Loss) as follows: | |||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||
(In thousands) | March 30, 2012 | |||||||||||||||
through | ||||||||||||||||
August 30, 2012 | ||||||||||||||||
(Predecessor) | ||||||||||||||||
Foreign currency translation adjustment: | ||||||||||||||||
Foreign currency translation adjustment, net of tax | $ | 866Â | ||||||||||||||
Reclassification adjustment for foreign currency translation loss included in discontinued operations, net of tax | 11,069Â | |||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
Total foreign currency translation adjustment, net of tax | $ | 11,935Â | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
​ | ​ | ​  | ​  | ​  | ||||||||||||
Schedule of foreign currency translation adjustment | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||
(In thousands) | March 30, 2012 | |||||||||||||||
through | ||||||||||||||||
August 30, 2012 | ||||||||||||||||
(Predecessor) | ||||||||||||||||
Foreign currency translation adjustment: | ||||||||||||||||
Foreign currency translation adjustment, net of tax | $ | 866Â | ||||||||||||||
Reclassification adjustment for foreign currency translation loss included in discontinued operations, net of tax | 11,069Â | |||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
Total foreign currency translation adjustment, net of tax | $ | 11,935Â | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
​ | ​ | ​  | ​  | ​  | ||||||||||||
PROPERTY_Tables
PROPERTY (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
PROPERTY | ||||||||
Summary of property | ||||||||
                                                                                                                                                                                    | ||||||||
(In thousands) | December 31, | December 31, | ||||||
2014 | 2013 | |||||||
(Successor) | (Successor) | |||||||
Property owned: | ||||||||
Land | $ | 45,448Â | $ | 46,148Â | ||||
Buildings and improvements | 211,947Â | 202,311Â | ||||||
Leasehold improvements | 627,259Â | 528,915Â | ||||||
Furniture, fixtures and equipment | 745,280Â | 616,234Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
1,629,934Â | 1,393,608Â | |||||||
Less-accumulated depreciation and amortization | 394,008Â | 226,556Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
1,235,926Â | 1,167,052Â | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Property leased under capital leases: | ||||||||
Building and improvements | 14,381Â | 14,381Â | ||||||
Less-accumulated depreciation and amortization | 3,077Â | 1,679Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
11,304Â | 12,702Â | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
$ | 1,247,230Â | $ | 1,179,754Â | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Schedule of estimated useful lives | ||||||||
                                                                                                                                                                                    | ||||||||
Buildings and improvements | 5 to 40Â years | |||||||
Leasehold improvements | 1 to 20Â years | |||||||
Furniture, fixtures and equipment | 1 to 10Â years | |||||||
GOODWILL_AND_OTHER_INTANGIBLE_1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
GOODWILL AND OTHER INTANGIBLE ASSETS | |||||||||||||||||
Schedule of activity of goodwill | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
(In thousands) | Total | ||||||||||||||||
(Successor) | |||||||||||||||||
Balance as of December 31, 2012 | $ | 2,249,153 | |||||||||||||||
​ | ​ | ​  | ​  | ​ | |||||||||||||
Increase in Goodwill from purchase price allocation adjustments related to the Merger | 31,951Â | ||||||||||||||||
Increase in Goodwill from purchase price allocation adjustments related to the Rave acquisition | 8,696Â | ||||||||||||||||
​ | ​ | ​  | ​  | ​ | |||||||||||||
Balance as of December 31, 2013 and December 31, 2014 | $ | 2,289,800 | |||||||||||||||
​ | ​ | ​  | ​  | ​ | |||||||||||||
​ | ​ | ​  | ​  | ​  | |||||||||||||
Schedule of detail of other intangible assets | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||||
(Successor) | (Successor) | ||||||||||||||||
(In thousands) | Remaining | Gross | Accumulated | Gross | Accumulated | ||||||||||||
Useful Life | Carrying | Amortization | Carrying | Amortization | |||||||||||||
Amount | Amount | ||||||||||||||||
Amortizable Intangible Assets: | |||||||||||||||||
Favorable leases | 4 to 44Â years | $ | 112,251 | $ | (13,781 | ) | $ | 112,496 | $ | (8,053 | ) | ||||||
Management contracts | 3 to 6Â years | 4,540 | (1,676 | ) | 4,690 | (1,103 | ) | ||||||||||
Non-compete agreement | 1Â year | 3,800 | (2,951 | ) | 3,800 | (1,678 | ) | ||||||||||
NCM tax receivable agreement | 22Â years | 20,900 | (1,968 | ) | 20,900 | (1,133 | ) | ||||||||||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||
Total, amortizable | $ | 141,491 | $ | (20,376 | ) | $ | 141,886 | $ | (11,967 | ) | |||||||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||
Unamortized Intangible Assets: | |||||||||||||||||
AMC trademark | $ | 104,400 | $ | 104,400 | |||||||||||||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ||
Total, unamortizable | $ | 104,400 | $ | 104,400 | |||||||||||||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ||
​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​ | ​ | ​  | ||
Schedule of amortization expense associated with the intangible assets | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, 2012 | |||||||||||||
Ended | Ended | August 31, 2012 | through | ||||||||||||||
December 31, 2014 | December 31, 2013 | through | August 30, 2012 | ||||||||||||||
December 31, 2012 | |||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||
Recorded amortization | $ | 8,804Â | $ | 9,011Â | $ | 3,106Â | $ | 5,016Â | |||||||||
Schedule of estimated annual amortization for the next five fiscal years for intangible assets | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
(In thousands) | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
Projected annual amortization | $ | 8,365Â | $ | 7,516Â | $ | 7,400Â | $ | 7,131Â | $ | 6,187Â | |||||||
INVESTMENTS_Tables
INVESTMENTS (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
INVESTMENTS | ||||||||||||||||||||
Schedule of condensed financial information of the reporting entity's non-consolidated equity method investments | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||
December 31, 2014 (Successor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Current assets | $ | 134,900 | $ | 53,229 | $ | 44,498 | $ | 10,993 | $ | 11,649 | $ | 255,269 | ||||||||
Noncurrent assets | 546,200 | 1,044,417 | 12,260 | 22,948 | 25,296 | 1,651,121 | ||||||||||||||
Total assets | 681,100 | 1,097,646 | 56,758 | 33,941 | 36,945 | 1,906,390 | ||||||||||||||
Current liabilities | 106,500 | 24,036 | 64,080 | 4,238 | 3,538 | 202,392 | ||||||||||||||
Noncurrent liabilities | 892,000 | 821,282 | 22,582 | — | — | 1,735,864 | ||||||||||||||
Total liabilities | 998,500 | 845,318 | 86,662 | 4,238 | 3,538 | 1,938,256 | ||||||||||||||
Stockholders' equity (deficit) | (317,400 | ) | 252,328 | (29,904 | ) | 29,703 | 33,407 | (31,866 | ) | |||||||||||
Liabilities and stockholders' equity | 681,100 | 1,097,646 | 56,758 | 33,941 | 36,945 | 1,906,390 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
The Company's recorded investment(1) | $ | 265,839 | $ | 62,236 | $ | (9,570 | ) | $ | 6,255 | $ | 7,680 | $ | 332,440 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||||||
December 31, 2013 (Successor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Current assets | $ | 141,600 | $ | 140,353 | $ | 60,431 | $ | 806 | $ | 14,069 | $ | 357,259 | ||||||||
Noncurrent assets | 557,600 | 1,124,517 | 10,341 | 24,464 | 24,281 | 1,741,203 | ||||||||||||||
Total assets | 699,200 | 1,264,870 | 70,772 | 25,270 | 38,350 | 2,098,462 | ||||||||||||||
Current liabilities | 122,400 | 34,919 | 69,530 | — | 6,301 | 233,150 | ||||||||||||||
Noncurrent liabilities | 876,000 | 1,028,191 | 15,918 | — | — | 1,920,109 | ||||||||||||||
Total liabilities | 998,400 | 1,063,110 | 85,448 | — | 6,301 | 2,153,259 | ||||||||||||||
Stockholders' equity (deficit) | (299,200 | ) | 201,760 | (14,676 | ) | 25,270 | 32,049 | (54,797 | ) | |||||||||||
Liabilities and stockholders' equity | 699,200 | 1,264,870 | 70,772 | 25,270 | 38,350 | 2,098,462 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
The Company's recorded investment(1) | $ | 272,407 | $ | 45,831 | $ | (1,920 | ) | $ | 4,785 | $ | 6,807 | $ | 327,910 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
-1 | Certain differences in the Company's recorded investments, and its proportional ownership share resulting from the Merger where the investments were recorded at fair value and are amortized to equity in (earnings) losses of non-consolidated entities over the estimated useful lives the underlying assets and liabilities. Other non-amortizing differences are considered to represent goodwill and are evaluated for impairment annually. | |||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
12 Months Ended December 31, 2014 (Successor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Revenues | $ | 394,000 | $ | 170,724 | $ | 175,374 | $ | 42,102 | $ | 26,887 | $ | 809,087 | ||||||||
Operating costs and expenses | 297,700 | 109,430 | 190,602 | 37,669 | 26,072 | 661,473 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | 96,300 | $ | 61,294 | $ | (15,228 | ) | $ | 4,433 | $ | 815 | $ | 147,614 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||||||
12 Months Ended December 31, 2013 (Successor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Revenues | $ | 462,800 | $ | 182,659 | $ | 140,350 | $ | — | $ | 18,517 | $ | 804,326 | ||||||||
Operating costs and expenses | 299,900 | 133,700 | 130,628 | — | 18,546 | 582,774 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | 162,900 | $ | 48,959 | $ | 9,722 | $ | — | $ | (29 | ) | $ | 221,552 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||||||
From Inception August 31, 2012 through December 31, 2012 (Successor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Revenues | $ | 178,100 | $ | 56,851 | $ | 39,701 | $ | — | $ | 9,128 | $ | 283,780 | ||||||||
Operating costs and expenses | 144,000 | 43,052 | 61,083 | — | 11,088 | 259,223 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | 34,100 | $ | 13,799 | $ | (21,382 | ) | $ | — | $ | (1,960 | ) | $ | 24,557 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||||||
March 30, 2012 through August 30, 2012 (Predecessor) | ||||||||||||||||||||
(In thousands) | NCM | DCIP | Open Road | AC JV | Other | Total | ||||||||||||||
Revenues | $ | 231,600 | $ | 71,560 | $ | 42,563 | $ | — | $ | 14,680 | $ | 360,403 | ||||||||
Operating costs and expenses | 167,900 | 55,378 | 55,395 | — | 14,820 | 293,493 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | 63,700 | $ | 16,182 | $ | (12,832 | ) | $ | — | $ | (140 | ) | $ | 66,910 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Schedule of components of the Company's recorded equity in earnings (losses) of non-consolidated entities | Â Â Â Â Â Â Â Â The components of the Company's recorded equity in earnings (losses) of non-consolidated entities are as follows: | |||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||||||
Ended | Ended | August 31, | 2012 through | |||||||||||||||||
December 31, | December 31, | 2012 through | August 30, | |||||||||||||||||
2014 | 2013 | December 31, | 2012 | |||||||||||||||||
2012 | ||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||
National CineMedia, LLC | $ | 11,311 | $ | 23,196 | $ | 4,271 | $ | 7,473 | ||||||||||||
Digital Cinema Implementation Partners, LLC | 20,929 | 18,660 | 4,436 | 4,941 | ||||||||||||||||
Open Road Releasing, LLC | (7,650 | ) | 4,861 | (10,691 | ) | (6,416 | ) | |||||||||||||
AC JV, LLC | 1,470 | — | — | — | ||||||||||||||||
Other | 555 | 718 | (496 | ) | 1,547 | |||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |||||
The Company's recorded equity in earnings (losses) | $ | 26,615 | $ | 47,435 | $ | (2,480 | ) | $ | 7,545 | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |||||
Investments | ||||||||||||||||||||
Schedule of changes in the carrying amount of the entity's investment in NCM and equity in earnings of NCM | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||
(In thousands) | Investment in | Exhibitor | Other | Cash | Equity in | Advertising | ||||||||||||||
NCM(1) | Services | Comprehensive | Received | (Earnings) | (Revenue) | |||||||||||||||
Agreement(2) | (Income) | Losses | ||||||||||||||||||
Ending balance March 29, 2012 | $ | 71,517 | $ | (328,442 | ) | $ | — | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | |
Receipt of excess cash distributions | $ | (1,701 | ) | $ | — | $ | — | $ | 6,667 | $ | (4,966 | ) | $ | — | ||||||
Change in interest loss | (16 | ) | — | — | — | 16 | — | |||||||||||||
Amortization of ESA | — | 2,367 | — | — | — | (2,367 | ) | |||||||||||||
Equity in earnings(3) | 2,523 | — | — | — | (2,523 | ) | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Ending balance August 30, 2012 | $ | 72,323 | $ | (326,075 | ) | $ | — | $ | 6,667 | $ | (7,473 | ) | $ | (2,367 | ) | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Purchase price fair value adjustment | 177,832 | 3,453 | — | — | — | — | ||||||||||||||
Receipt of excess cash distributions | (10,176 | ) | — | — | 10,176 | — | ||||||||||||||
Amortization of ESA | — | 4,468 | — | — | — | (4,468 | ) | |||||||||||||
Unrealized gain | 797 | — | (797 | ) | — | — | — | |||||||||||||
Equity in earnings(3) | 4,271 | — | — | — | (4,271 | ) | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Ending balance December 31, 2012 | $ | 245,047 | $ | (318,154 | ) | $ | (797 | ) | $ | 10,176 | $ | (4,271 | ) | $ | (4,468 | ) | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Receipt of common units | 26,315 | (26,315 | ) | — | — | — | — | |||||||||||||
Receipt of excess cash distributions | (27,453 | ) | — | — | 27,453 | — | — | |||||||||||||
Amortization of ESA | — | 14,556 | — | — | — | (14,556 | ) | |||||||||||||
Unrealized gain from cash flow hedge | 1,485 | — | (1,485 | ) | — | — | — | |||||||||||||
Adjust carrying value of AC JV, LLC(6) | 3,817 | — | — | — | — | — | ||||||||||||||
Change in interest gain(4) | 5,012 | — | — | — | (5,012 | ) | — | |||||||||||||
Equity in earnings(3) | 21,149 | — | — | — | (21,149 | ) | — | |||||||||||||
Equity in loss from amortization of basis difference(5) | (2,965 | ) | — | — | — | 2,965 | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Ending balance December 31, 2013 | $ | 272,407 | $ | (329,913 | ) | $ | (2,282 | ) | $ | 27,453 | $ | (23,196 | ) | $ | (14,556 | ) | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Receipt of common units | 2,137 | (2,137 | ) | — | — | — | — | |||||||||||||
Receipt of excess cash distributions | (21,514 | ) | — | — | 21,514 | — | — | |||||||||||||
Amortization of ESA | — | 15,235 | — | — | — | (15,235 | ) | |||||||||||||
Unrealized gain from cash flow hedge | 1,498 | — | (1,498 | ) | — | — | — | |||||||||||||
Equity in earnings(3) | 14,446 | — | — | — | (14,446 | ) | — | |||||||||||||
Equity in loss from amortization of basis difference(5) | (3,135 | ) | — | — | — | 3,135 | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Ending balance December 31, 2014 | $ | 265,839 | $ | (316,815 | ) | $ | (3,780 | ) | $ | 21,514 | $ | (11,311 | ) | $ | (15,235 | ) | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
-1 | Represents AMC's investment through the date of the Merger on August 30, 2012 in 4,417,042 common membership units received under the Common Unit Adjustment Agreement dated as of February 13, 2007 (Predecessor Tranche 2 Investments). AMC's investment in 12,906,740 common membership units (Predecessor Tranche 1 Investment) was carried at zero cost through the date of the Merger. As of the date of the Merger, the Company's investment in NCM consisted of a single investment tranche (Tranche 1 Investment) of 17,323,782 membership units recorded at fair value (Level 1). As a result of the Rave theatre acquisitions in December of 2012, and as provided under the Common Unit Adjustment Agreement, the Company received 1,728,988 additional NCM common membership units in 2013 valued at $26,315,000 and is recorded in a second tranche, (Tranche 2 Investment). In March 2014, the Company received 141,731 membership units recorded at a fair value of $2,137,000 ($15.08 per unit) with a corresponding credit to the ESA and is recorded as a part of the Tranche 2 Investment. | |||||||||||||||||||
-2 | Represents the unamortized portion of the ESA with NCM. Such amounts are being amortized to other theatre revenues over the remainder of the 30 year term of the ESA ending in 2036, using a units-of-revenue method, as described in ASC 470-10-35 (formerly EITF 88-18, Sales of Future Revenues). In connection with the Merger on August 30, 2012, the amounts related to the ESA were adjusted to estimated fair value. For further information, see Note 2—Merger. | |||||||||||||||||||
-3 | Represents equity in earnings on the Predecessor Tranche 2 investments only through August 30, 2012. Subsequent to August 30, 2012, represents percentage of ownership equity in earnings for Successor on both Tranche 1 and Tranche 2 Investments. | |||||||||||||||||||
-4 | Non-cash gains were recorded in 2013 to adjust the Company's investment balance due to NCM's issuance of 8,688,078 common membership units to other founding members, at a price per share in excess of the Company's average carrying amount per share. | |||||||||||||||||||
-5 | Certain differences between the Company's carrying value and the Company's share of NCM's membership equity have been identified and are amortized to equity in (earnings) losses in non-consolidated entities over the respective lives of the assets and liabilities. | |||||||||||||||||||
-6 | On December 26, 2013, NCM spun-off its Fathom Events business to a newly formed limited liability company, AC JV, LLC which is owned 32% by each founding member and 4% by NCM. In consideration for the sale, each of the three founding members issued promissory notes of approximately $8,333,000 to NCM. The Company's share of the gain recorded by NCM, as a result of the spin-off, has been excluded from equity in earnings and has been applied as a reduction in the carrying value of AC JV, LLC investment. | |||||||||||||||||||
NCM | ||||||||||||||||||||
Investments | ||||||||||||||||||||
Schedule of transactions | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||
(In thousands) | December 31, 2014 | December 31, 2013 | ||||||||||||||||||
(Successor) | (Successor) | |||||||||||||||||||
Due from NCM for on-screen advertising revenue | $ | 2,072Â | $ | 2,226Â | ||||||||||||||||
Due to NCM for Exhibitor Services Agreement | 1,784Â | 2,429Â | ||||||||||||||||||
Promissory note payable to NCM | 6,944Â | 8,333Â | ||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||||||
Ended | Ended | August 31, | 2012 through | |||||||||||||||||
December 31, | December 31, | 2012 through | August 30, | |||||||||||||||||
2014 | 2013 | December 31, | 2012 | |||||||||||||||||
2012 | ||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||
Net NCM screen advertising revenues | $ | 34,523Â | $ | 33,790Â | $ | 11,086Â | $ | 11,731Â | ||||||||||||
NCM beverage advertising expense | 12,226Â | 13,809Â | 4,197Â | 6,326Â | ||||||||||||||||
DCIP | ||||||||||||||||||||
Investments | ||||||||||||||||||||
Schedule of transactions | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||
(In thousands) | December 31, 2014 | December 31, 2013 | ||||||||||||||||||
(Successor) | (Successor) | |||||||||||||||||||
Due from DCIP for equipment and warranty purchases | $ | 1,048Â | $ | 663Â | ||||||||||||||||
Deferred rent liability for digital projectors | 9,031Â | 7,747Â | ||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||||||
Ended | Ended | August 31, | 2012 through | |||||||||||||||||
December 31, | December 31, | 2012 through | August 30, | |||||||||||||||||
2014 | 2013 | December 31, | 2012 | |||||||||||||||||
2012 | ||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||
Digital equipment rental expense (continuing operations) | $ | 6,639Â | $ | 11,077Â | $ | 3,338Â | $ | 3,624Â | ||||||||||||
Open Road Releasing, LLC, operator of ORF | ||||||||||||||||||||
Investments | ||||||||||||||||||||
Schedule of transactions | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||
(In thousands) | December 31, | December 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
(Successor) | (Successor) | |||||||||||||||||||
Due from Open Road Films | $ | 2,560Â | $ | 2,658Â | ||||||||||||||||
Film rent payable to Open Road Films | 709Â | 1,959Â | ||||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||||||
Ended | Ended | August 31, | 2012 through | |||||||||||||||||
December 31, | December 31, | 2012 through | August 30, | |||||||||||||||||
2014 | 2013 | December 31, | 2012 | |||||||||||||||||
2012 | ||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||
Gross film exhibition cost on Open Road Films | $ | 13,300Â | $ | 12,700Â | $ | 5,500Â | $ | 1,550Â | ||||||||||||
ACJV LLC | ||||||||||||||||||||
Investments | ||||||||||||||||||||
Schedule of transactions | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||
(In thousands) | December 31, | December 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
(Successor) | (Successor) | |||||||||||||||||||
Due to AC JV for Fathom Events programming | $ | 333 | $ | — | ||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||||||
Ended | Ended | August 31, | 2012 through | |||||||||||||||||
December 31, | December 31, | 2012 through | August 30, | |||||||||||||||||
2014 | 2013 | December 31, | 2012 | |||||||||||||||||
2012 | ||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||
Gross exhibition cost on Fathom Events programming | $ | 6,898 | $ | — | $ | — | $ | — | ||||||||||||
SUPPLEMENTAL_BALANCE_SHEET_INF1
SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
SUPPLEMENTAL BALANCE SHEET INFORMATION | ||||||||
Schedule of other assets and liabilities | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||
(In thousands) | December 31, | December 31, | ||||||
2014 | 2013 | |||||||
(Successor) | (Successor) | |||||||
Other current assets: | ||||||||
Prepaid rent | $ | 39,021Â | $ | 37,839Â | ||||
Income taxes receivable | 3,029Â | 3,871Â | ||||||
Prepaid insurance and other | 16,512Â | 18,578Â | ||||||
Merchandise inventory | 10,516Â | 10,645Â | ||||||
Other | 15,265Â | 9,891Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
$ | 84,343Â | $ | 80,824Â | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Other long-term assets: | ||||||||
Investments in real estate | $ | 11,300Â | $ | 10,733Â | ||||
Deferred financing costs | 13,129Â | 7,841Â | ||||||
Investments in equity method investees | 332,440Â | 327,910Â | ||||||
Computer software | 38,619Â | 39,237Â | ||||||
Investment in RealDÂ Inc. common stock | 14,429Â | 10,442Â | ||||||
Other | 7,687Â | 6,341Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
$ | 417,604Â | $ | 402,504Â | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Accrued expenses and other liabilities: | ||||||||
Taxes other than income | $ | 47,988Â | $ | 46,251Â | ||||
Interest | 13,649Â | 9,783Â | ||||||
Payroll and vacation | 10,901Â | 21,697Â | ||||||
Current portion of casualty claims and premiums | 9,211Â | 10,030Â | ||||||
Accrued bonus | 16,771Â | 36,916Â | ||||||
Theatre and other closure | 7,709Â | 6,405Â | ||||||
Accrued licensing and percentage rent | 14,399Â | 19,241Â | ||||||
Current portion of pension and other benefits liabilities | 781Â | 766Â | ||||||
Other | 14,853Â | 19,831Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
$ | 136,262Â | $ | 170,920Â | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Other long-term liabilities: | ||||||||
Unfavorable lease obligations | $ | 165,073Â | $ | 194,233Â | ||||
Deferred rent | 120,184Â | 55,272Â | ||||||
Pension and other benefits | 48,436Â | 30,177Â | ||||||
RealD deferred lease incentive | 16,047Â | 18,635Â | ||||||
Casualty claims and premiums | 10,327Â | 9,525Â | ||||||
Theatre and other closure | 45,126Â | 48,758Â | ||||||
Other | 14,524Â | 14,346Â | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
$ | 419,717Â | $ | 370,946Â | |||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
CORPORATE_BORROWINGS_AND_CAPIT1
CORPORATE BORROWINGS AND CAPITAL AND FINANCIAL LEASE OBLIGATIONS (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS | |||||||||||||||||
Summary of the carrying value of corporate borrowings and capital and financing lease obligations | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
(In thousands) | December 31, | December 31, | |||||||||||||||
2014 | 2013 | ||||||||||||||||
(Successor) | (Successor) | ||||||||||||||||
Senior Secured Credit Facility-Term Loan due 2020 (3.50% as of December 31, 2014) | $ | 760,018 | $ | 767,502 | |||||||||||||
5% Promissory Note payable to NCM due 2019 | 6,944 | 8,333 | |||||||||||||||
8.75% Senior Fixed Rate Notes due 2019 | — | 647,666 | |||||||||||||||
9.75% Senior Subordinated Notes due 2020 | 649,043 | 655,310 | |||||||||||||||
5.875 Senior Subordinated Notes due 2022 | 375,000 | — | |||||||||||||||
Capital and financing lease obligations, 8.25%-11.5% | 109,258 | 116,199 | |||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||
1,900,263 | 2,195,010 | ||||||||||||||||
Less: current maturities | (23,598 | ) | (16,080 | ) | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||
$ | 1,876,665 | $ | 2,178,930 | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||||||||
Schedule of minimum annual payments required under existing capital and financing lease obligations (net present value thereof) and maturities of corporate borrowings | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
Capital and Financing Lease Obligations | |||||||||||||||||
Principal | |||||||||||||||||
Amount of | |||||||||||||||||
Corporate | |||||||||||||||||
(In thousands) | Minimum Lease | Less Interest | Principal | Borrowings | Total | ||||||||||||
Payments | |||||||||||||||||
2015 | $ | 16,933Â | $ | 9,207Â | $ | 7,726Â | $ | 15,914Â | $ | 23,640Â | |||||||
2016 | 16,943Â | 8,474Â | 8,469Â | 16,473Â | 24,942Â | ||||||||||||
2017 | 16,951Â | 7,671Â | 9,280Â | 17,067Â | 26,347Â | ||||||||||||
2018 | 17,112Â | 6,782Â | 10,330Â | 17,713Â | 28,043Â | ||||||||||||
2019 | 15,530Â | 5,852Â | 9,678Â | 18,407Â | 28,085Â | ||||||||||||
Thereafter | 81,042Â | 17,267Â | 63,775Â | 1,706,849Â | 1,770,624Â | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Total | $ | 164,511Â | $ | 55,253Â | $ | 109,258Â | $ | 1,792,423Â | $ | 1,901,681Â | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
STOCKHOLDERS_EQUITY_Tables
STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
STOCKHOLDERS' EQUITY | |||||||||
Schedule of dividends and dividend equivalents | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||
Declaration Date | Record Date | Date Paid | Amount per | ||||||
Share of | |||||||||
Common Stock | |||||||||
April 25, 2014 | June 6, 2014 | June 16, 2014 | $ | 0.20 | |||||
July 29, 2014 | September 5, 2014 | September 15, 2014 | 0.20 | ||||||
October 27, 2014 | December 5, 2014 | December 15, 2014 | 0.20 | ||||||
Stock closing price used for determining grant date fair value | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||
Date of Grant | Holdings' | ||||||||
stock price | |||||||||
January 2, 2014 | $ | 20.18 | |||||||
May 12, 2014 | 21.61 | ||||||||
June 25, 2014 | 24.44 | ||||||||
September 15, 2014 | 24.60 | ||||||||
October 22, 2014 | 22.44 | ||||||||
December 17, 2014 | 25.40 | ||||||||
Schedule of RSU and PSU activity | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||
Shares of | Weighted | ||||||||
RSU and PSU | Average | ||||||||
Grant Date | |||||||||
Fair Value | |||||||||
Beginning balance at January 1, 2014 | — | $ | — | ||||||
Granted | 494,980 | 22.4 | |||||||
Vested | (493,971 | ) | 22.41 | ||||||
Forfeited | (1,009 | ) | 20.18 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||
Nonvested at December 31, 2014 | — | $ | —  | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||
INCOME_TAXES_Tables
INCOME TAXES (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
INCOME TAXES | |||||||||||||||||
Schedule of component of income tax provision reflected in the consolidated statements of operations | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, 2012 | |||||||||||||
Ended | Ended | August 31, 2012 | through | ||||||||||||||
December 31, | December 31, | through | August 30, 2012 | ||||||||||||||
2014 | 2013 | December 31, | |||||||||||||||
2012 | |||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||
Current: | |||||||||||||||||
Federal | $ | — | $ | — | $ | — | $ | — | |||||||||
Foreign | — | — | — | — | |||||||||||||
State | 1,250 | 4,045 | 480 | 3,700 | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Total current | 1,250 | 4,045 | 480 | 3,700 | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Deferred: | |||||||||||||||||
Federal | 43,869 | (229,778 | ) | 3,020 | — | ||||||||||||
Foreign | — | — | — | — | |||||||||||||
State | (11,439 | ) | (36,820 | ) | — | —  | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Total deferred | 32,430 | (266,598 | ) | 3,020 | —  | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Total provision (benefit) | 33,680 | (262,553 | ) | 3,500 | 3,700 | ||||||||||||
Tax provision from discontinued operations | 210 | 830 | — | 1,200 | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Total provision (benefit) from continuing operations | $ | 33,470 | $ | (263,383 | ) | $ | 3,500 | $ | 2,500 | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||
Schedule of pre-tax income (losses) | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, 2012 | |||||||||||||
Ended | Ended | August 31, 2012 | through | ||||||||||||||
December 31, | December 31, | through | August 30, 2012 | ||||||||||||||
2014 | 2013 | December 31, | |||||||||||||||
2012 | |||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||
Domestic | $ | 97,303 | $ | 103,526 | $ | (39,294 | ) | $ | 98,093 | ||||||||
Foreign | 457 | (1,679 | ) | 124 | 7 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Total | $ | 97,760 | $ | 101,847 | $ | (39,170 | ) | $ | 98,100 | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||
Schedule of the difference between the effective tax rate on earnings (loss) from continuing operations before income taxes and the U.S. federal income tax statutory rate | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, 2012 | |||||||||||||
Ended | Ended | August 31, 2012 | through | ||||||||||||||
December 31, | December 31, | through | August 30, 2012 | ||||||||||||||
2014 | 2013 | December 31, | |||||||||||||||
2012 | |||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||
Income tax expense (benefit) at the federal statutory rate | $ | 34,035 | $ | 34,902 | $ | (13,470 | ) | $ | 20,125 | ||||||||
Effect of: | |||||||||||||||||
State income taxes | 195 | 1,479 | (1,930 | ) | 2,500 | ||||||||||||
Increase in reserve for uncertain tax positions | 1,050 | 2,193 | — | — | |||||||||||||
Federal and state credits | (2,985 | ) | (2,600 | ) | — | — | |||||||||||
Change in net operating loss carryforward for excess tax deductions | — | (28,206 | ) | — | — | ||||||||||||
Permanent items | 1,485 | 537 | 20 | 100 | |||||||||||||
Other | (1,100 | ) | (6,088 | ) | — | — | |||||||||||
Valuation allowance | 790 | (265,600 | ) | 18,880 | (20,225 | ) | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Income tax expense (benefit) | $ | 33,470 | $ | (263,383 | ) | $ | 3,500 | $ | 2,500 | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||
Effective income tax rate | 34.4 | % | (264.1 | )% | (9.1 | )% | 4.3 | % Â | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||
Schedule of significant components of deferred income tax assets and liabilities | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||||
Deferred Income Tax | Deferred Income Tax | ||||||||||||||||
(In thousands) | Assets | Liabilities | Assets | Liabilities | |||||||||||||
(Successor) | (Successor) | ||||||||||||||||
Tangible assets | $ | — | $ | (113,456 | ) | $ | — | $ | (102,669 | ) | |||||||
Accrued reserves | 31,430 | — | 33,156 | — | |||||||||||||
Intangible assets | — | (101,725 | ) | — | (89,761 | ) | |||||||||||
Receivables | — | (5,206 | ) | — | (3,513 | ) | |||||||||||
Investments | — | (233,005 | ) | — | (227,718 | ) | |||||||||||
Capital loss carryforwards | 50 | — | 564 | — | |||||||||||||
Pension postretirement and deferred compensation | 33,581 | — | 29,290 | — | |||||||||||||
Corporate borrowings | 19,127 | — | 43,839 | — | |||||||||||||
Deferred revenue | 154,583 | — | 154,155 | — | |||||||||||||
Lease liabilities | 111,250 | — | 97,307 | — | |||||||||||||
Capital and financing lease obligations | 35,654 | — | 37,956 | — | |||||||||||||
Alternative minimum tax and other credit carryovers | 21,802 | — | 19,545 | — | |||||||||||||
Charitable contributions | 158 | — | — | — | |||||||||||||
Net operating loss carryforwards | 228,329 | — | 214,770 | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
Total | $ | 635,964 | $ | (453,392 | ) | $ | 630,582 | $ | (423,661 | ) | |||||||
Less: Valuation allowance | (790 | ) | — | — | —  | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
Total deferred income taxes | $ | 635,174 | $ | (453,392 | ) | $ | 630,582 | $ | (423,661 | ) | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||
Schedule of rollforward of the Company's valuation allowance for deferred tax assets | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
(In thousands) | Balance at | Additions | Charged | Charged | Balance at | ||||||||||||
Beginning of | Charged | (Credited) | (Credited) | End of | |||||||||||||
Period | (Credited) to | to Goodwill | to Other | Period | |||||||||||||
Revenues, | Accounts(1) | ||||||||||||||||
Costs and | |||||||||||||||||
Expenses | |||||||||||||||||
Calendar Year 2014 | |||||||||||||||||
Valuation allowance-deferred income tax assets          | $ | — | 790 | — | — | $ | 790 | ||||||||||
Calendar Year 2013 | |||||||||||||||||
Valuation allowance-deferred income tax assets          | $ | 248,420 | (265,600 | ) | 11,088 | 6,092 | $ | — | |||||||||
From Inception August 31, 2012 through December 31, 2012 | |||||||||||||||||
Valuation allowance-deferred income tax assets          | $ | 232,985 | 18,880 | 195 | (3,640 | ) | $ | 248,420 | |||||||||
March 30, 2012 through August 30, 2012 | |||||||||||||||||
Valuation allowance-deferred income tax assets          | $ | 417,671 | (20,225 | ) | (164,461 | ) | — | $ | 232,985 | ||||||||
-1 | Primarily relates to amounts resulting from the Company's tax sharing arrangement, changes in deferred tax assets and associated valuation allowance that are not related to income statement activity as well as amounts charged to other comprehensive income. | ||||||||||||||||
Schedule of reconciliation of the change in the amount of unrecognized tax benefits | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
(In millions) | 12 Months | 12 Months | From | March 30, | |||||||||||||
Ended | Ended | Inception | 2012 | ||||||||||||||
December 31, | December 31, | August 31, | through | ||||||||||||||
2014 | 2013 | 2012 | August 30, | ||||||||||||||
through | 2012 | ||||||||||||||||
December 31, | |||||||||||||||||
2012 | |||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||
Balance at beginning of period | $ | 27.4 | $ | 24 | $ | 24.5 | $ | 24.8 | |||||||||
Gross increases—current period tax positions | 1.6 | 3.8 | — | 0.6 | |||||||||||||
Gross increases—prior period tax positions | 1.5 | ||||||||||||||||
Favorable resolutions with authorities | — | (0.4 | ) | — | — | ||||||||||||
Cash settlements | — | — | (0.5 | ) | (0.9 | ) | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||
Balance at end of period | $ | 30.5 | $ | 27.4 | $ | 24 | $ | 24.5 | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​ | ​ | ​  | ​  | ​ | ||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​ | ​ | ​  | ​  | ​  | ||
LEASES_Tables
LEASES (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
LEASES | ||||||||||||||||
Schedule, by calendar year, of future minimum rental payments required under existing operating leases and digital projector equipment leases payable to DCIP that have initial or remaining non-cancelable terms in excess of one year | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||
(In thousands) | Minimum operating | |||||||||||||||
lease payments | ||||||||||||||||
2015 | $ | 419,273Â | ||||||||||||||
2016 | 428,133Â | |||||||||||||||
2017 | 408,851Â | |||||||||||||||
2018 | 366,120Â | |||||||||||||||
2019 | 328,409Â | |||||||||||||||
Thereafter | 1,542,618Â | |||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
Total minimum payments required | $ | 3,493,404Â | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||
​ | ​ | ​  | ​  | ​  | ||||||||||||
Summary of rent expense | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | ||||||||||||
Ended | Ended | August 31, | 2012 | |||||||||||||
December 31, | December 31, | 2012 | through | |||||||||||||
2014 | 2013 | through | August 30, | |||||||||||||
December 31, | 2012 | |||||||||||||||
2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Minimum rentals | $ | 395,795Â | $ | 394,937Â | $ | 126,529Â | $ | 166,220Â | ||||||||
Common area expenses | 48,159Â | 44,198Â | 12,968Â | 17,591Â | ||||||||||||
Percentage rentals based on revenues | 11,285Â | 12,693Â | 3,877Â | 5,275Â | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Rent | 455,239Â | 451,828Â | 143,374Â | 189,086Â | ||||||||||||
General and administrative and other | 7,763Â | 13,393Â | 3,940Â | 4,207Â | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Total | $ | 463,002Â | $ | 465,221Â | $ | 147,314Â | $ | 193,293Â | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
EMPLOYEE_BENEFIT_PLANS_Tables
EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||||||||
EMPLOYEE BENEFIT PLANS | ||||||||||||||||||||||||||||||
Net periodic benefit cost recognized for the plans | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From | March 30, | 12 Months | 12 Months | From | March 30, | ||||||||||||||||||||||
Ended | Ended | Inception | 2012 | Ended | Ended | Inception | 2012 | |||||||||||||||||||||||
December 31, | December 31, | August 31, | through | December 31, | December 31, | August 31, | through | |||||||||||||||||||||||
2014 | 2013 | 2012 | August 30, | 2014 | 2013 | 2012 | August 30, | |||||||||||||||||||||||
through | 2012 | through | 2012 | |||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||||
2012 | 2012 | |||||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | (Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||||||||
Components of net periodic benefit cost: | ||||||||||||||||||||||||||||||
Service cost | $ | — | $ | 180 | $ | 59 | $ | 76 | $ | 36 | $ | 195 | $ | 61 | $ | 74 | ||||||||||||||
Interest cost | 4,609 | 4,513 | 1,484 | 1,962 | 214 | 870 | 306 | 435 | ||||||||||||||||||||||
Expected return on plan assets | (5,230 | ) | (4,707 | ) | (1,442 | ) | (1,811 | ) | — | — | — | — | ||||||||||||||||||
Amortization of net (gain) loss | (1,034 | ) | — | — | 899 | (348 | ) | (78 | ) | — | 88 | |||||||||||||||||||
Amortization of prior service credit | — | — | — | — | (1,665 | ) | — | — | (448 | ) | ||||||||||||||||||||
Settlement | — | — | (15 | ) | — | — | — | — | —  | |||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Net periodic benefit cost (credit) | $ | (1,655 | ) | $ | (14 | ) | $ | 86 | $ | 1,126 | $ | (1,763 | ) | $ | 987 | $ | 367 | $ | 149 | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
Summary of changes in other comprehensive income: | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | 12 Months | 12 Months | ||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | |||||||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Net (gain) loss | $ | 21,641 | $ | (12,537 | ) | $ | 561 | $ | (1,271 | ) | ||||||||||||||||||||
Net prior service credit | — | — | — | (15,197 | ) | |||||||||||||||||||||||||
Amortization of net gain | 1,034 | — | 348 | 78 | ||||||||||||||||||||||||||
Amortization of prior service credit | — | — | 1,665 | — | ||||||||||||||||||||||||||
Allocated tax expense (benefit) | (8,843 | ) | 8,442 | (1,003 | ) | 6,782 | ||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Total recognized in other comprehensive (income) loss | $ | 13,832 | $ | (4,095 | ) | $ | 1,571 | $ | (9,608 | ) | ||||||||||||||||||||
Net periodic benefit cost (credit) | (1,655 | ) | (14 | ) | (1,763 | ) | 987 | |||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Total recognized in net periodic benefit cost (credit) and other comprehensive (income) loss | $ | 12,177 | $ | (4,109 | ) | $ | (192 | ) | $ | (8,621 | ) | |||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
Schedule of plan's change in benefit obligations and plan assets and the accrued liability for benefit costs included in the Consolidated Balance Sheets | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | 12 Months | 12 Months | ||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | |||||||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Change in benefit obligation: | ||||||||||||||||||||||||||||||
Benefit obligation at beginning of period | $ | 98,883 | $ | 109,718 | $ | 5,718 | $ | 22,765 | ||||||||||||||||||||||
Service cost | — | 180 | 36 | 195 | ||||||||||||||||||||||||||
Interest cost | 4,609 | 4,513 | 214 | 870 | ||||||||||||||||||||||||||
Plan participants' contributions | — | — | 419 | 562 | ||||||||||||||||||||||||||
Actuarial (gain) loss | 23,532 | (10,022 | ) | 561 | (1,271 | ) | ||||||||||||||||||||||||
Plan amendment | — | — | — | (15,197 | ) | |||||||||||||||||||||||||
Benefits paid | (2,247 | ) | (5,408 | ) | (1,262 | ) | (2,206 | ) | ||||||||||||||||||||||
Administrative expenses | (81 | ) | (98 | ) | — | — | ||||||||||||||||||||||||
Settlement paid | (7,166 | ) | — | — | — | |||||||||||||||||||||||||
Settlement gain | (3,575 | ) | — | — | —  | |||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Benefit obligation at end of period              | $ | 113,955 | $ | 98,883 | $ | 5,686 | $ | 5,718 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | 12 Months | 12 Months | ||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | |||||||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Change in plan assets: | ||||||||||||||||||||||||||||||
Fair value of plan assets at beginning of period | $ | 73,658 | $ | 68,219 | $ | — | $ | — | ||||||||||||||||||||||
Actual return on plan assets gain | 3,546 | 7,223 | — | — | ||||||||||||||||||||||||||
Employer contribution | 2,714 | 3,722 | 843 | 1,644 | ||||||||||||||||||||||||||
Plan participants' contributions | — | — | 419 | 562 | ||||||||||||||||||||||||||
Benefits paid | (2,247 | ) | (5,408 | ) | (1,262 | ) | (2,206 | ) | ||||||||||||||||||||||
Administrative expense | (81 | ) | (98 | ) | — | — | ||||||||||||||||||||||||
Settlement paid | (7,166 | ) | — | — | —  | |||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Fair value of plan assets at end of period | $ | 70,424 | $ | 73,658 | $ | — | $ | —  | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
Net liability for benefit cost: | ||||||||||||||||||||||||||||||
Funded status | $ | (43,531 | ) | $ | (25,225 | ) | $ | (5,686 | ) | $ | (5,718 | ) | ||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Amounts recognized in the Balance Sheet: | ||||||||||||||||||||||||||||||
Accrued expenses and other liabilities | $ | (152 | ) | $ | (154 | ) | $ | (629 | ) | $ | (612 | ) | ||||||||||||||||||
Other long-term liabilities | (43,379 | ) | (25,071 | ) | (5,057 | ) | (5,106 | ) | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Net liability recognized | $ | (43,531 | ) | $ | (25,225 | ) | $ | (5,686 | ) | $ | (5,718 | ) | ||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
Aggregate accumulated benefit obligation | $ | (113,955 | ) | $ | (98,883 | ) | $ | (5,686 | ) | $ | (5,718 | ) | ||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
Summary of pension plans with accumulated benefit obligations and projected benefit obligations in excess of plan assets | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||
Pension Benefits | ||||||||||||||||||||||||||||||
(In thousands) | December 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||
(Successor) | (Successor) | |||||||||||||||||||||||||||||
Aggregated accumulated benefit obligation | $ | (113,955 | ) | $ | (98,883 | ) | ||||||||||||||||||||||||
Aggregated projected benefit obligation | (113,955 | ) | (98,883 | ) | ||||||||||||||||||||||||||
Aggregated fair value of plan assets | 70,424 | 73,658 | ||||||||||||||||||||||||||||
Schedule of components of amounts recognized in accumulated other comprehensive income | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
(In thousands) | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Net actuarial (gain) loss | $ | 21,641 | $ | (12,537 | ) | $ | 561 | $ | (1,271 | ) | ||||||||||||||||||||
Prior service credit | — | — | — | (15,197 | ) | |||||||||||||||||||||||||
Schedule of amounts in accumulated other comprehensive income expected to be recognized in components of net periodic pension cost | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||
(In thousands) | Pension | Other | ||||||||||||||||||||||||||||
Benefits | Benefits | |||||||||||||||||||||||||||||
Net actuarial (gain) loss | $ | 45 | $ | (284 | ) | |||||||||||||||||||||||||
Net prior service credit | — | (1,665 | ) | |||||||||||||||||||||||||||
Schedule of weighted-average assumptions used to determine benefit obligations | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||||||
Discount rate | 3.80Â | % | 4.73Â | % | 3.37Â | % | 4.00Â | % | ||||||||||||||||||||||
Rate of compensation increase | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||||
Schedule of weighted-average assumptions used to determine net periodic benefit cost | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||||||||
12 Months | 12 Months | From Inception | March 30, | 12 Months | 12 Months | From Inception | March 30, | |||||||||||||||||||||||
Ended | Ended | August 31, | 2012 | Ended | Ended | August 31, | 2012 | |||||||||||||||||||||||
December 31, | December 31, | 2012 through | through | December 31, | December 31, | 2012 through | through | |||||||||||||||||||||||
2014 | 2013 | December 31, | August 30, | 2014 | 2013 | December 31, | August 30, | |||||||||||||||||||||||
2012 | 2012 | 2012 | 2012 | |||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | (Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||||||||||||
Discount rate | 4.73Â | % | 4.17Â | % | 3.99Â | % | 4.86Â | % | 4.00Â | % | 3.90Â | % | 3.65Â | % | 4.42Â | % | ||||||||||||||
Weighted average expected long-term return on plan assets | 7.81Â | % | 7.27Â | % | 7.27Â | % | 7.27Â | % | N/A | N/A | N/A | N/A | ||||||||||||||||||
Rate of compensation increase | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||||||
Schedule of benefits expected to be paid | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||
(In thousands) | Pension Benefits | Other Benefits | ||||||||||||||||||||||||||||
2015 | $ | 2,583Â | $ | 639Â | ||||||||||||||||||||||||||
2016 | 2,720Â | 633Â | ||||||||||||||||||||||||||||
2017 | 3,973Â | 614Â | ||||||||||||||||||||||||||||
2018 | 3,664Â | 545Â | ||||||||||||||||||||||||||||
2019 | 4,493Â | 490Â | ||||||||||||||||||||||||||||
Years 2020-2024 | 29,648Â | 1,745Â | ||||||||||||||||||||||||||||
Schedule of target allocations for plan assets | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||
Asset Category | Target | |||||||||||||||||||||||||||||
Allocation | ||||||||||||||||||||||||||||||
Fixed(1) | 15Â | % | ||||||||||||||||||||||||||||
Equity Securities—U.S. | 26 | % | ||||||||||||||||||||||||||||
Equity Securities—International | 14 | % | ||||||||||||||||||||||||||||
Collective trust fund | 25Â | % | ||||||||||||||||||||||||||||
Private Real Estate | 15Â | % | ||||||||||||||||||||||||||||
Commodities broad basket | 5Â | % Â | ||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||
100Â | % Â | |||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​  | ||||||||||||||||||||||||||
-1 | Includes U.S. Treasury Securities and Bond market fund. | |||||||||||||||||||||||||||||
Schedule of fair value of the pension plan assets | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||
Fair Value Measurements at December 31, 2014 Using | ||||||||||||||||||||||||||||||
Total Carrying | ||||||||||||||||||||||||||||||
Value at | ||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||
(In thousands) | 2014 | Quoted prices | Significant other | Significant | ||||||||||||||||||||||||||
in active market | observable inputs | unobservable inputs | ||||||||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 300 | $ | 300 | $ | — | $ | — | ||||||||||||||||||||||
U.S. treasury securities | 1,615 | 1,615 | — | — | ||||||||||||||||||||||||||
Equity securities: | ||||||||||||||||||||||||||||||
U.S. companies | 18,513 | 18,513 | — | — | ||||||||||||||||||||||||||
International companies | 10,109 | 10,109 | — | — | ||||||||||||||||||||||||||
Bond market fund | 9,173 | 9,173 | — | — | ||||||||||||||||||||||||||
Collective trust fund | 17,485 | — | 17,485 | — | ||||||||||||||||||||||||||
Commodities broad basket fund | 2,918 | 2,918 | — | — | ||||||||||||||||||||||||||
Private real estate | 10,311 | — | 10,311 | —  | ||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Total assets at fair value | $ | 70,424 | $ | 42,628 | $ | 27,796 | $ | —  | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||
Fair Value Measurements at December 31, 2013 Using | ||||||||||||||||||||||||||||||
Total Carrying | ||||||||||||||||||||||||||||||
Value at | ||||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||||
(In thousands) | 2013 | Quoted prices | Significant other | Significant | ||||||||||||||||||||||||||
in active market | observable inputs | unobservable inputs | ||||||||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 265 | $ | 265 | $ | — | $ | — | ||||||||||||||||||||||
U.S. treasury securities | 1,557 | 1,557 | — | — | ||||||||||||||||||||||||||
Equity securities: | ||||||||||||||||||||||||||||||
U.S. companies | 19,654 | 19,654 | — | — | ||||||||||||||||||||||||||
International companies | 11,281 | 11,281 | — | — | ||||||||||||||||||||||||||
Bond market fund | 9,655 | 9,655 | — | — | ||||||||||||||||||||||||||
Collective trust fund | 17,958 | — | 17,958 | — | ||||||||||||||||||||||||||
Commodities broad basket fund | 3,459 | 3,459 | — | — | ||||||||||||||||||||||||||
Private real estate | 9,829 | — | 9,829 | —  | ||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
Total assets at fair value | $ | 73,658 | $ | 45,871 | $ | 27,787 | $ | —  | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||||||||||
THEATRE_AND_OTHER_CLOSURE_AND_1
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS | ||||||||||||||||
A rollforward of reserves for theatre and other closure and disposition of assets | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, 2012 | ||||||||||||
Ended | Ended | August 31, 2012 | through | |||||||||||||
December 31, | December 31, | through | August 30, 2012 | |||||||||||||
2014 | 2013 | December 31, 2012 | ||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Beginning balance | $ | 55,163 | $ | 61,344 | $ | 62,935 | $ | 65,471 | ||||||||
Theatre and other closure expense—continuing operations | 9,346 | 5,823 | 2,381 | 4,191 | ||||||||||||
Theatre and other closure expense—discontinued operations | — | — | — | 7,562 | ||||||||||||
Transfer of assets and liabilities | 2,439 | (53 | ) | 994 | (697 | ) | ||||||||||
Foreign currency translation adjustment | (1,822 | ) | (286 | ) | 405 | (38 | ) | |||||||||
Cash payments | (12,291 | ) | (11,665 | ) | (5,371 | ) | (13,554 | ) | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Ending balance | $ | 52,835 | $ | 55,163 | $ | 61,344 | $ | 62,935 | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
FAIR_VALUE_MEASUREMENTS_Tables
FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
FAIR VALUE MEASUREMENTS | |||||||||||||||||
Schedule of fair value hierarchy of the entity's financial assets carried at fair value on a recurring basis | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
Fair Value Measurements at December 31, 2014 Using | |||||||||||||||||
Total Carrying | |||||||||||||||||
Value at | |||||||||||||||||
December 31, | |||||||||||||||||
(In thousands) | 2014 | Quoted prices in | Significant other | Significant | |||||||||||||
active market | observable inputs | unobservable inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Other long-term assets: | |||||||||||||||||
Money market mutual funds | $ | 224 | $ | 224 | $ | — | $ | — | |||||||||
Equity securities, available-for-sale: | |||||||||||||||||
RealD Inc. common stock | 14,429 | 14,429 | — | — | |||||||||||||
Mutual fund large U.S. equity | 2,879 | 2,879 | — | — | |||||||||||||
Mutual fund small/mid U.S. equity | 1,558 | 1,558 | — | — | |||||||||||||
Mutual fund international | 717 | 717 | — | — | |||||||||||||
Mutual fund balance | 760 | 760 | — | — | |||||||||||||
Mutual fund fixed income | 541 | 541 | — | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
Total assets at fair value | $ | 21,108 | $ | 21,108 | $ | — | $ | —  | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||
                                                                                                                                                                                    | |||||||||||||||||
Fair Value Measurements at December 31, 2013 Using | |||||||||||||||||
Total Carrying | |||||||||||||||||
Value at | |||||||||||||||||
December 31, | |||||||||||||||||
(In thousands) | 2013 | Quoted prices in | Significant other | Significant | |||||||||||||
active market | observable inputs | unobservable inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Other long-term assets: | |||||||||||||||||
Money market mutual funds | $ | 84 | $ | 84 | $ | — | $ | — | |||||||||
Equity securities, available-for-sale: | |||||||||||||||||
RealD Inc. common stock | 10,442 | 10,442 | — | — | |||||||||||||
Mutual fund large U.S. equity | 2,563 | 2,563 | — | — | |||||||||||||
Mutual fund small/mid U.S. equity | 982 | 982 | — | — | |||||||||||||
Mutual fund international | 503 | 503 | — | — | |||||||||||||
Mutual fund balance | 456 | 456 | — | — | |||||||||||||
Mutual fund fixed income | 351 | 351 | — | —  | |||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
Total assets at fair value | $ | 15,381 | $ | 15,381 | $ | — | $ | —  | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||
Summary of fair value hierarchy of the Company's assets that were measured at fair value on a nonrecurring basis | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
Fair Value Measurements at December 31, 2014 Using | |||||||||||||||||
Total Carrying | |||||||||||||||||
Value at | |||||||||||||||||
December 31, | |||||||||||||||||
(In thousands) | 2014 | Quoted prices in | Significant other | Significant | Total Losses | ||||||||||||
active market | observable inputs | unobservable inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Property, net: | |||||||||||||||||
Property owned, net | $ | 2,342 | $ | — | $ | — | $ | 2,342 | $ | 3,149 | |||||||
Schedule of fair value of financial instruments that are not recognized at fair value in the statement of financial position for which it is practicable to estimate fair value | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
Fair Value Measurements at December 31, 2014 Using | |||||||||||||||||
Total Carrying | |||||||||||||||||
Value at | |||||||||||||||||
December 31, | |||||||||||||||||
(In thousands) | 2014 | Quoted prices in | Significant other | Significant | |||||||||||||
active market | observable inputs | unobservable inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Current Maturities of Corporate Borrowings | $ | 15,873 | $ | — | $ | 14,390 | $ | 1,389 | |||||||||
Corporate Borrowings | 1,775,132 | — | 1,765,678 | 5,555 | |||||||||||||
                                                                                                                                                                                    | |||||||||||||||||
Fair Value Measurements at December 31, 2013 Using | |||||||||||||||||
Total Carrying | |||||||||||||||||
Value at | |||||||||||||||||
December 31, | |||||||||||||||||
(In thousands) | 2013 | Quoted prices in | Significant other | Significant | |||||||||||||
active market | observable inputs | unobservable inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Current Maturities of Corporate Borrowings | $ | 9,139 | $ | — | $ | 7,779 | $ | 1,389 | |||||||||
Corporate Borrowings | 2,069,672 | — | 2,090,332 | 6,944 | |||||||||||||
OPERATING_SEGMENT_Tables
OPERATING SEGMENT (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
OPERATING SEGMENT | ||||||||||||||||
Schedule of information about the Company's revenues from continuing operations and assets by geographic area | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||
Revenues (In thousands) | 12 Months Ended | 12 Months Ended | From Inception | March 30, 2012 | ||||||||||||
December 31, 2014 | December 31, 2013 | August 31, 2012 | through | |||||||||||||
through | August 30, 2012 | |||||||||||||||
December 31, 2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
United States | $ | 2,688,230Â | $ | 2,741,717Â | $ | 808,378Â | $ | 1,202,179Â | ||||||||
Other | 7,160Â | 7,711Â | 3,114Â | 3,893Â | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Total revenues | $ | 2,695,390Â | $ | 2,749,428Â | $ | 811,492Â | $ | 1,206,072Â | ||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||
Long-term assets, net (In thousands) | December 31, 2014 | December 31, 2013 | ||||||||||||||
(Successor) | (Successor) | |||||||||||||||
United States | $ | 4,253,750Â | $ | 4,202,347Â | ||||||||||||
Other | 243Â | 854Â | ||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||
Total long-term assets(1) | $ | 4,253,993Â | $ | 4,203,201Â | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |||||||||
-1 | Long-term assets are comprised of property, intangible assets, goodwill, deferred income tax assets and other long-term assets. | |||||||||||||||
ACCUMULATED_OTHER_COMPREHENSIV1
ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME | |||||||||||||||||
Schedule of changes in accumulated other comprehensive income | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||
(In thousands) | Foreign | Pension and | Unrealized Gains | Unrealized | Total | ||||||||||||
Currency | Other Benefits | on Marketable | Gain from | ||||||||||||||
(recorded in | Securities | Equity Method | |||||||||||||||
General and | (recorded in | Investees' Cash | |||||||||||||||
Administrative: | Investment | Flow Hedge | |||||||||||||||
Other) | Expense (Income)) | (recorded in | |||||||||||||||
Equity in | |||||||||||||||||
Earnings of | |||||||||||||||||
Non-consolidated | |||||||||||||||||
Entities) | |||||||||||||||||
(Successor) | |||||||||||||||||
Balance, December 31, 2013 | $ | (351 | ) | $ | 20,967 | $ | 1,216 | $ | 2,372 | $ | 24,204 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Other comprehensive income (loss) before reclassifications              | 978 | (13,543 | ) | 2,627 | (59 | ) | (9,997 | ) | |||||||||
Amounts reclassified from accumulated other comprehensive income | — | (1,860 | ) | (31 | ) | 528 | (1,363 | ) | |||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net other comprehensive income (loss) | 978 | (15,403 | ) | 2,596 | 469 | (11,360 | ) | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance, December 31, 2014 | $ | 627 | $ | 5,564 | $ | 3,812 | $ | 2,841 | $ | 12,844 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Allocated tax (expense) benefit 2014 | $ | (625 | ) | $ | 9,846 | $ | (1,657 | ) | $ | (300 | ) | $ | 7,264 | ||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | |||||||||||||||||
(In thousands) | Foreign | Pension and | Unrealized Gains | Unrealized | Total | ||||||||||||
Currency | Other Benefits | on Marketable | Gain from | ||||||||||||||
(recorded in | Securities | Equity Method | |||||||||||||||
General and | (recorded in | Investees' Cash | |||||||||||||||
Administrative: | Investment | Flow Hedge | |||||||||||||||
Other) | Expense (Income)) | (recorded in | |||||||||||||||
Equity in | |||||||||||||||||
Earnings of | |||||||||||||||||
Non-consolidated | |||||||||||||||||
Entities) | |||||||||||||||||
(Successor) | |||||||||||||||||
Balance, December 31, 2012 | $ | (530 | ) | $ | 7,264 | $ | 1,913 | $ | 797 | $ | 9,444 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Other comprehensive income (loss) before reclassifications              | 179 | 13,781 | (1,622 | ) | 2,085 | 14,423 | |||||||||||
Amounts reclassified from accumulated other comprehensive income | — | (78 | ) | 925 | (510 | ) | 337 | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net other comprehensive income (loss) | 179 | 13,703 | (697 | ) | 1,575 | 14,760 | |||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance, December 31, 2013 | $ | (351 | ) | $ | 20,967 | $ | 1,216 | $ | 2,372 | $ | 24,204 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Allocated tax (expense) benefit 2013 | $ | — | $ | 15,224 | $ | (1,081 | ) | $ | 1,389 | $ | 15,532 | ||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
CONDENSED_CONSOLIDATING_FINANC1
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING FINANCIAL INFORMATION | |||||||||||||||||||||||||||||||||||||||||||||||
Schedule of condensed statements of operations | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||||||||||||||||||||||||||||||||
Calendar | Calendar | Transition Period | |||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | |||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | August 31, 2012 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | Through | through | ||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | December 31, | August 30, | ||||||||||||||||||||||||||||||||||||||||||||
2012 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||||||||||||||||||||||||||||||||
Operating costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||
General and administrative: | |||||||||||||||||||||||||||||||||||||||||||||||
Merger, acquisition and transaction costs          | $ | — | $ | — | $ | — | $ | 4,245 | |||||||||||||||||||||||||||||||||||||||
Other | — | — | — | (2 | ) | ||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Operating costs and expenses | — | — | — | 4,243 | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Other expense (income) | |||||||||||||||||||||||||||||||||||||||||||||||
Equity in (earnings) loss of AMC Entertainment Inc. | (64,080 | ) | (364,400 | ) | 42,670 | (94,400 | ) | ||||||||||||||||||||||||||||||||||||||||
Other expense | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
Interest expense: | |||||||||||||||||||||||||||||||||||||||||||||||
Corporate borrowings | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
Investment expense (income) | — | — | — | —  | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Total other expense (income) | (64,080 | ) | (364,400 | ) | 42,670 | (94,400 | ) | ||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Earnings (loss) before income taxes | 64,080 | 364,400 | (42,670 | ) | 90,157 | ||||||||||||||||||||||||||||||||||||||||||
Income tax provision | — | — | — | —  | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Net earnings (loss) | $ | 64,080 | $ | 364,400 | $ | (42,670 | ) | $ | 90,157 | ||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||||||||||||||||||||||||||||||||
Schedule of condensed balance sheets | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||||||||||||||||||||||||||||||||
(In thousands, except share data) | December 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
(Successor) | (Successor) | ||||||||||||||||||||||||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||||||||||||||||||||
Current assets: | |||||||||||||||||||||||||||||||||||||||||||||||
Cash and equivalents | $ | 2,051 | $ | 2,143 | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
Total current assets | 2,051 | 2,143 | |||||||||||||||||||||||||||||||||||||||||||||
Goodwill | (2,143 | ) | (2,143 | ) | |||||||||||||||||||||||||||||||||||||||||||
Deferred tax asset | 27 | — | |||||||||||||||||||||||||||||||||||||||||||||
Investment in AMC Entertainment Inc. | 1,514,223 | 1,508,939 | |||||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 1,514,158 | $ | 1,508,939 | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||||||||||||||||||||||||||||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | |||||||||||||||||||||||||||||||||||||||||||||||
$ | — | $ | — | ||||||||||||||||||||||||||||||||||||||||||||
Class A common stock (temporary equity) ($.01 par value, 173,150 shares issued and 136,381 shares outstanding as of December 31, 2014; 173,150 shares issued and 140,466 shares outstanding as of December 31, 2013) | 1,426 | 1,469 | |||||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
Stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||
Class A common stock ($.01 par value, 524,173,073 shares authorized; 21,423,839 shares issued and outstanding as of December 31, 2014; 21,412,804 shares issued and outstanding as of December 31, 2013) | 214 | 214 | |||||||||||||||||||||||||||||||||||||||||||||
Class B common stock ($.01 par value, 75,826,927 shares authorized; 75,826,927 shares issued and outstanding as of December 31, 2014 and December 31, 2013) | 758 | 758 | |||||||||||||||||||||||||||||||||||||||||||||
Additional paid-in capital | 1,172,515 | 1,161,152 | |||||||||||||||||||||||||||||||||||||||||||||
Treasury stock (36,769 shares as of December 31, 2014 and 32,684 shares as of December 31, 2013, at cost) | (680 | ) | (588 | ) | |||||||||||||||||||||||||||||||||||||||||||
Accumulated other comprehensive income | 12,844 | 24,204 | |||||||||||||||||||||||||||||||||||||||||||||
Accumulated earnings | 327,081 | 321,730 | |||||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
Total stockholders' equity | 1,512,732 | 1,507,470 | |||||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
Total liabilities and stockholders' equity | $ | 1,514,158 | $ | 1,508,939 | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​  | ||||||||||||||||||||||||||||||||||||||||
Schedule of condensed statements of cash flows | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||||||||||||||||||||||||||||||||
Calendar | Calendar | Transition Period | |||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | 12 Months | 12 Months | From Inception | March 30, | |||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | August 31, 2012 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | through | through | ||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | December 31, | August 30, | ||||||||||||||||||||||||||||||||||||||||||||
2012 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | ||||||||||||||||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN CASH AND EQUIVALENTS | |||||||||||||||||||||||||||||||||||||||||||||||
Cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
Net earnings (loss) | $ | 64,080 | $ | 364,400 | $ | (42,670 | ) | $ | 90,157 | ||||||||||||||||||||||||||||||||||||||
Adjustments to reconcile net earnings (loss) to net cash used in operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
Deferred income taxes | 27 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
Equity in in (earnings) loss of AMC Entertainment Inc. | (64,080 | ) | (364,400 | ) | 42,670 | (94,400 | ) | ||||||||||||||||||||||||||||||||||||||||
Net change in operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
Receivables and other assets | — | — | — | 1,118 | |||||||||||||||||||||||||||||||||||||||||||
Accrued expenses and other liabilities          | (27 | ) | — | — | —  | ||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Net cash used in operating activities | — | — | — | (3,125 | ) | ||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
Net cash provided by investing activities          | — | — | — | —  | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock | (92 | ) | — | — | —  | ||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Net cash used in financing activities | (92 | ) | — | — | —  | ||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Net decrease in cash and equivalents | (92 | ) | — | — | (3,125 | ) | |||||||||||||||||||||||||||||||||||||||||
Cash and equivalents at beginning of period | 2,143 | 2,143 | 2,143 | 5,268 | |||||||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
Cash and equivalents at end of period | $ | 2,051 | $ | 2,143 | $ | 2,143 | $ | 2,143 | |||||||||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | ||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | ||||||||||||||||||||||||||||||||
Schedule of condensed statements of stockholders' equity | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||||||||||||||||||||||||||||||||
Class A-1 Voting | Class A-2 Voting | Class N Nonvoting | Class L-1 Voting | Class L-2 Voting | |||||||||||||||||||||||||||||||||||||||||||
Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | Accumulated | ||||||||||||||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||||||||||||||||
Additional | Treasury | Comprehensive | Accumulated | Total | |||||||||||||||||||||||||||||||||||||||||||
Paid-in | Stock | Income (Loss) | Earnings | Stockholders' | |||||||||||||||||||||||||||||||||||||||||||
(In thousands, except share and | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | Capital | (Deficit) | Equity | ||||||||||||||||||||||||||||||||||
per share data) | |||||||||||||||||||||||||||||||||||||||||||||||
Predecessor | |||||||||||||||||||||||||||||||||||||||||||||||
Balance March 29, 2012 | 382,475.00 | $ | 4 | 382,475.00 | $ | 4 | 2,021.02 | $ | — | 256,085.61 | $ | 3 | 256,085.61 | $ | 3 | $ | 673,325 | $ | (2,596 | ) | $ | (20,203 | ) | $ | (492,939 | ) | $ | 157,601 | |||||||||||||||||||
Net earnings | — | — | — | — | — | — | — | — | — | — | — | — | — | 90,157 | 90,157 | ||||||||||||||||||||||||||||||||
Comprehensive earnings | — | — | — | — | — | — | — | — | — | — | — | — | 9,034 | — | 9,034 | ||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | — | — | — | — | — | — | — | — | 830 | — | — | — | 830 | ||||||||||||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance August 30, 2012 | 382,475.00 | $ | 4 | 382,475.00 | $ | 4 | 2,021.02 | $ | — | 256,085.61 | $ | 3 | 256,085.61 | $ | 3 | $ | 674,155 | $ | (2,596 | ) | $ | (11,169 | ) | $ | (402,782 | ) | $ | 257,622 | |||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​  | ​ | |
                                                                                                                                                                                    | |||||||||||||||||||||||||||||||||||||||||||||||
Class A Voting | Class B Voting | ||||||||||||||||||||||||||||||||||||||||||||||
Common Stock | Common Stock | Accumulated | |||||||||||||||||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||||||||||||||||
Additional | Treasury | Comprehensive | Accumulated | Total | |||||||||||||||||||||||||||||||||||||||||||
Paid-in | Stock | Income (Loss) | Earnings | Stockholders' | |||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Capital | Equity | ||||||||||||||||||||||||||||||||||||||||||
Successor | |||||||||||||||||||||||||||||||||||||||||||||||
Balance August 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||
Net loss | — | $ | — | — | $ | — | $ | — | $ | — | $ | — | $ | (42,670 | ) | $ | (42,670 | ) | |||||||||||||||||||||||||||||
Other comprehensive income                        | — | — | — | — | — | — | 9,444 | — | 9,444 | ||||||||||||||||||||||||||||||||||||||
Merger consideration | — | — | 66,252,108 | 662 | 699,338 | — | — | — | 700,000 | ||||||||||||||||||||||||||||||||||||||
Capital contributions | — | — | 9,574,819 | 96 | 99,904 | — | — | — | 100,000 | ||||||||||||||||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance December 31, 2012 | — | — | 75,826,927 | 758 | 799,242 | — | 9,444 | (42,670 | ) | 766,774 | |||||||||||||||||||||||||||||||||||||
Net earnings | — | — | — | — | — | — | — | 364,400 | 364,400 | ||||||||||||||||||||||||||||||||||||||
Other comprehensive income                        | — | — | — | — | — | — | 14,760 | — | 14,760 | ||||||||||||||||||||||||||||||||||||||
Net proceeds from IPO | 21,052,632 | 211 | — | — | 355,088 | — | — | — | 355,299 | ||||||||||||||||||||||||||||||||||||||
Stock-based compensation                        | 360,172 | 3 | — | — | 6,480 | — | — | — | 6,483 | ||||||||||||||||||||||||||||||||||||||
Purchase shares for treasury | — | — | — | — | 342 | (588 | ) | — | — | (246 | ) | ||||||||||||||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance December 31, 2013 | 21,412,804 | 214 | 75,826,927 | 758 | 1,161,152 | (588 | ) | 24,204 | 321,730 | 1,507,470 | |||||||||||||||||||||||||||||||||||||
Net earnings | — | — | — | — | — | — | — | 64,080 | 64,080 | ||||||||||||||||||||||||||||||||||||||
Other comprehensive loss                        | — | — | — | — | — | — | (11,360 | ) | — | (11,360 | ) | ||||||||||||||||||||||||||||||||||||
Dividends declared | — | — | — | — | 27 | — | — | (58,729 | ) | (58,702 | ) | ||||||||||||||||||||||||||||||||||||
Stock-based compensation                        | 11,035 | — | — | — | 11,293 | — | — | — | 11,293 | ||||||||||||||||||||||||||||||||||||||
Purchase shares for treasury | — | — | — | — | 43 | (92 | ) | — | — | (49 | ) | ||||||||||||||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Balance December 31, 2014 | 21,423,839 | $ | 214 | 75,826,927 | $ | 758 | $ | 1,172,515 | $ | (680 | ) | $ | 12,844 | $ | 327,081 | $ | 1,512,732 | ||||||||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
EARNINGS_PER_SHARE_Tables
EARNINGS PER SHARE (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
EARNINGS PER SHARE | ||||||||||||||||
Schedule of basic and diluted loss from continuing operations per common share | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||
(In thousands) | 12 Months | 12 Months | From | March 30, | ||||||||||||
Ended | Ended | Inception | 2012 | |||||||||||||
December 31, | December 31, | August 31, | Through | |||||||||||||
2014 | 2013 | 2012 | August 30, | |||||||||||||
Through | 2012 | |||||||||||||||
December 31, | ||||||||||||||||
2012 | ||||||||||||||||
(Successor) | (Successor) | (Successor) | (Predecessor) | |||||||||||||
Numerator: | ||||||||||||||||
Earnings (loss) from continuing operations | $ | 63,767 | $ | 363,104 | $ | (41,982 | ) | $ | 55,004 | |||||||
Denominator (shares in thousands): | ||||||||||||||||
Weighted average shares for basic earnings (loss) per common share | 97,506 | 76,527 | 74,988 | 63,335 | ||||||||||||
Common equivalent shares for restricted stock units | 194 | — | — | — | ||||||||||||
Common equivalent shares for stock options | — | — | — | 380 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
Shares for diluted earnings per common share | 97,700 | 76,527 | 74,988 | 63,715 | ||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
Basic earnings (loss) from continuing operations per common share | $ | 0.65 | $ | 4.74 | $ | (0.56 | ) | $ | 0.87 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
Diluted earnings (loss) from continuing operations per common share | $ | 0.65 | $ | 4.74 | $ | (0.56 | ) | $ | 0.86 | |||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​ | ​  | ​  | ​  | |
SUPPLEMENTAL_FINANCIAL_INFORMA1
SUPPLEMENTAL FINANCIAL INFORMATION (UNAUDITED) CONSOLIDATED STATEMENTS OF OPERATIONS BY QUARTER (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||||||||||
SUPPLEMENTAL FINANCIAL INFORMATION (UNAUDITED) CONSOLIDATED STATEMENTS OF OPERATIONS BY QUARTER | ||||||||||||||||||||||||||||||||
Schedule of supplemental financial information (unaudited) consolidated statements of operations by quarter | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | |||||||||||||||||||||||||||||||
(In thousands) | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||
March 31, 2014 | March 31, 2013 | June 30, 2014 | June 30, 2013 | September 30, 2014 | September 30, 2013 | December 31, 2014 | December 31, 2013 | December 31, 2014 | December 31, 2013 | |||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||
Revenues | ||||||||||||||||||||||||||||||||
Admissions | $ | 409,020 | $ | 382,884 | $ | 478,667 | $ | 515,306 | $ | 417,448 | $ | 466,988 | $ | 460,253 | $ | 482,149 | $ | 1,765,388 | $ | 1,847,327 | ||||||||||||
Food and beverage | 181,764 | 167,937 | 211,597 | 219,477 | 189,065 | 201,612 | 215,309 | 197,886 | 797,735 | 786,912 | ||||||||||||||||||||||
Other revenue | 31,974 | 26,981 | 36,309 | 27,882 | 27,391 | 27,384 | 36,593 | 32,942 | 132,267 | 115,189 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Total revenues | 622,758 | 577,802 | 726,573 | 762,665 | 633,904 | 695,984 | 712,155 | 712,977 | 2,695,390 | 2,749,428 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Operating Costs and Expenses | ||||||||||||||||||||||||||||||||
Film exhibition costs | 212,100 | 191,324 | 257,220 | 285,395 | 220,608 | 242,006 | 244,318 | 258,187 | 934,246 | 976,912 | ||||||||||||||||||||||
Food and beverage costs | 25,123 | 23,198 | 30,341 | 30,550 | 27,209 | 26,284 | 29,318 | 27,293 | 111,991 | 107,325 | ||||||||||||||||||||||
Operating expense | 179,693 | 164,210 | 189,283 | 187,219 | 177,949 | 182,630 | 186,413 | 192,582 | 733,338 | 726,641 | ||||||||||||||||||||||
Rent | 114,944 | 113,806 | 113,861 | 113,542 | 112,258 | 111,865 | 114,176 | 112,615 | 455,239 | 451,828 | ||||||||||||||||||||||
General and administrative:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | ||||||||||||||||||||||||||||||||
Merger, acquisition and transactions costs                | 362 | 947 | 572 | 706 | 78 | 299 | 149 | 931 | 1,161 | 2,883 | ||||||||||||||||||||||
Other(1) | 18,220 | 16,313 | 15,149 | 17,034 | 12,961 | 26,450 | 18,543 | 37,491 | 64,873 | 97,288 | ||||||||||||||||||||||
Depreciation and amortization | 54,777 | 48,462 | 51,750 | 50,370 | 54,327 | 48,603 | 55,467 | 50,102 | 216,321 | 197,537 | ||||||||||||||||||||||
Impairment of long-lived assets | — | — | — | — | — | — | 3,149 | — | 3,149 | —  | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Operating costs and expenses | 605,219 | 558,260 | 658,176 | 684,816 | 605,390 | 638,137 | 651,533 | 679,201 | 2,520,318 | 2,560,414 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Operating income (loss) | 17,539 | 19,542 | 68,397 | 77,849 | 28,514 | 57,847 | 60,622 | 33,776 | 175,072 | 189,014 | ||||||||||||||||||||||
Other expense (income) | ||||||||||||||||||||||||||||||||
Other expense (income)(2)                | (4,229 | ) | — | (4,157 | ) | (294 | ) | (11 | ) | 110 | 53 | (1,231 | ) | (8,344 | ) | (1,415 | ) | |||||||||||||||
Interest expense: | ||||||||||||||||||||||||||||||||
Corporate borrowings | 29,658 | 33,173 | 27,989 | 32,310 | 26,897 | 32,221 | 26,528 | 32,259 | 111,072 | 129,963 | ||||||||||||||||||||||
Capital and financing lease obligations | 2,525 | 2,671 | 2,486 | 2,637 | 2,448 | 2,606 | 2,408 | 2,350 | 9,867 | 10,264 | ||||||||||||||||||||||
Equity in (earnings) losses of non-consolidated entities(3) Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â | 5,384 | (546 | ) | (9,597 | ) | (23,274 | ) | (13,087 | ) | (14,323 | ) | (9,315 | ) | (9,292 | ) | (26,615 | ) | (47,435 | ) | |||||||||||||
Investment expense (income) | (7,857 | ) | (3,619 | ) | 172 | 282 | 181 | (69 | ) | (641 | ) | 1,322 | (8,145 | ) | (2,084 | ) | ||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Total other expense | 25,481 | 31,679 | 16,893 | 11,661 | 16,428 | 20,545 | 19,033 | 25,408 | 77,835 | 89,293 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Earnings (loss) from continuing operations before income taxes | (7,942 | ) | (12,137 | ) | 51,504 | 66,188 | 12,086 | 37,302 | 41,589 | 8,368 | 97,237 | 99,721 | ||||||||||||||||||||
Income tax provision (benefit)(4) | (3,100 | ) | 3,100 | 20,090 | 4,330 | 4,710 | 3,430 | 11,770 | (274,243 | ) | 33,470 | (263,383 | ) | |||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Earnings (loss) from continuing operations | (4,842 | ) | (15,237 | ) | 31,414 | 61,858 | 7,376 | 33,872 | 29,819 | 282,611 | 63,767 | 363,104 | ||||||||||||||||||||
Earnings (loss) from discontinued operations, net of income taxes(5) | 334 | 4,979 | (21 | ) | (282 | ) | — | (407 | ) | — | (2,994 | ) | 313 | 1,296 | ||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Net earnings (loss) | $ | (4,508 | ) | $ | (10,258 | ) | $ | 31,393 | $ | 61,576 | $ | 7,376 | $ | 33,465 | $ | 29,819 | $ | 279,617 | $ | 64,080 | $ | 364,400 | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
                                                                                                                                                                                    | ||||||||||||||||||||||||||||||||
(In thousands, except per share data) | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||
March 31, 2014 | March 31, 2013 | June 30, 2014 | June 30, 2013 | September 30, 2014 | September 30, 2013 | December 31, 2014 | December 31, 2013 | December 31, 2014 | December 31, 2013 | |||||||||||||||||||||||
(Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | (Successor) | |||||||||||||||||||||||
Basic earnings (loss) per share: | ||||||||||||||||||||||||||||||||
Earnings (loss) from continuing operations | $ | (0.05 | ) | $ | (0.20 | ) | $ | 0.32 | $ | 0.81 | $ | 0.08 | $ | 0.45 | $ | 0.31 | $ | 3.62 | $ | 0.65 | $ | 4.74 | ||||||||||
Earnings (loss) from discontinued operations | — | 0.07 | — | — | — | (0.01 | ) | — | (0.04 | ) | 0.01 | 0.02 | ||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Basic earnings (loss) per share | $ | (0.05 | ) | $ | (0.13 | ) | $ | 0.32 | $ | 0.81 | $ | 0.08 | $ | 0.44 | $ | 0.31 | $ | 3.58 | $ | 0.66 | $ | 4.76 | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Diluted earnings (loss) per share: | ||||||||||||||||||||||||||||||||
Earnings (loss) from continuing operations | $ | (0.05 | ) | $ | (0.20 | ) | $ | 0.32 | $ | 0.81 | $ | 0.08 | $ | 0.45 | $ | 0.3 | $ | 3.62 | $ | 0.65 | $ | 4.74 | ||||||||||
Earnings (loss) from discontinued operations | — | 0.07 | — | — | — | (0.01 | ) | — | (0.04 | ) | 0.01 | 0.02 | ||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
Diluted earnings (loss) per share | $ | (0.05 | ) | $ | (0.13 | ) | $ | 0.32 | $ | 0.81 | $ | 0.08 | $ | 0.44 | $ | 0.3 | $ | 3.58 | $ | 0.66 | $ | 4.76 | ||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Average shares outstanding | ||||||||||||||||||||||||||||||||
Basic | 97,390 | 76,000 | 97,507 | 76,000 | 97,506 | 76,000 | 97,506 | 78,092 | 97,506 | 76,527 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
Diluted | 97,390 | 76,000 | 97,628 | 76,000 | 97,628 | 76,000 | 97,865 | 78,092 | 97,700 | 76,527 | ||||||||||||||||||||||
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | |
​ | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​ | ​  | ​  | ​  | |
-1 | During the twelve months ended December 31, 2014, other general and administrative expense decreased compared to the twelve months ended December 31, 2013, primarily due to decreases related to a discontinued cash-based management profit sharing plan, annual incentive compensation expense related to declines in operating performance, net periodic benefit costs for the pension and postretirement medical plans, legal expenses, expenses related to abandoned projects, and theatre support center rent. | |||||||||||||||||||||||||||||||
-2 | Other income for the twelve months ended December 31, 2014 was primarily due to a gain on extinguishment of indebtedness related to the cash tender offer and redemption of the Notes due 2019 of $8,544,000, partially offset by other expenses of $158,000. | |||||||||||||||||||||||||||||||
-3 | The decrease in equity in earnings of non-consolidated entities during the twelve months ended December 31, 2014 compared to the twelve months ended December 31, 2013, was primarily due to increases in equity in losses from Open Road Releasing, LLC and decreases in equity in earnings from NCM, partially offset by increases in equity in earnings from DCIP. See Note 7—Investments for additional information | |||||||||||||||||||||||||||||||
-4 | During the twelve months ended December 31, 2013, the Company reversed its recorded valuation allowance for deferred tax assets. The Company generated sufficient earnings in the United States federal and state tax jurisdictions where it had recorded valuation allowances to conclude that it did not need valuation allowances in these tax jurisdictions. This reversal is reflected as a non cash income tax benefit recorded during the twelve months ended December 31, 2013. See Note 11—Income Taxes for additional information. | |||||||||||||||||||||||||||||||
-5 | During the twelve months ended December 31, 2013, the Company received $4,666,000 for a sales price adjustment from the sale of theatres located in Canada. The sales price adjustment was related to tax attributes of the theatres sold in Canada which were not determinable or probable of collection at the date of the sale. The earnings from discontinued operations were partially offset by income taxes, legal and professional fees, and contractual repairs and maintenance expenses. | |||||||||||||||||||||||||||||||
THE_COMPANY_AND_SIGNIFICANT_AC3
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $) | 0 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | 0 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | Dec. 23, 2013 | |
item | ||||||
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | ||||||
Noncontrolling (minority) interests (as a percent) | 0.00% | |||||
Revenues | ||||||
Percentage of revenue related to sales of gift cards and packaged tickets deferred | 100.00% | |||||
Number of gift card sales channels for which breakage rate is applied | 5 | |||||
Period over which total amount of breakage for that current month's sales in proportion to the pattern of actual redemptions is recognized | 24 months | |||||
Period during which breakage for packaged tickets continues to be recognized as redemption if not used after being purchased | 18 months | |||||
Gift card breakage income recognized | $3,483,000 | $21,347,000 | $19,510,000 | |||
Income from derecognition of package ticket liabilities | 0 | 11,710,000 | 0 | |||
Period of time from merger until recognition of income on packaged tickets | 18 months | |||||
Film Exhibition Costs | ||||||
Film exhibition cost payable | 95,847,000 | 149,378,000 | ||||
Customer Frequency Program | ||||||
Rewards earned | 10 | |||||
Amount spent | 100 | |||||
Redemption period of rewards, maximum (in days) | 90 days | |||||
Period for recognition of annual membership fee (in years) | 1 year | |||||
Advertising Costs | ||||||
Advertising costs | 4,137,000 | 10,317,000 | 9,684,000 | |||
Impairment of intangible assets | 0 | 0 | 0 | |||
Number of reportable segments | 1 | |||||
Minimum | ||||||
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | ||||||
Length of fiscal year prior to change | 364 days | |||||
Revenues | ||||||
Breakage rate for gift cards (as a percent) | 14.00% | |||||
Maximum | ||||||
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | ||||||
Length of fiscal year prior to change | 371 days | |||||
Revenues | ||||||
Breakage rate for gift cards (as a percent) | 23.00% | |||||
Predecessor | ||||||
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | ||||||
Total Merger consideration | 701,811,000 | |||||
Cash invested by Wanda | 700,000,000 | |||||
Cash invested by members of management | 1,811,000 | |||||
Estimated transaction value | 2,748,018,000 | |||||
Revenues | ||||||
Gift card breakage income recognized | 7,776,000 | |||||
Income from derecognition of package ticket liabilities | 4,818,000 | |||||
Advertising Costs | ||||||
Advertising costs | 3,603,000 | |||||
Impairment of intangible assets | 0 | |||||
Wanda | ||||||
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | ||||||
Ownership percentage held in Holding entity | 77.86% | |||||
Combined voting power held in Holdings (as a percent) | 91.34% | |||||
Class A common stock | ||||||
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | ||||||
Number of shares issued | 21,052,632 | |||||
IPO | Class A common stock | AMCH | ||||||
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | ||||||
Number of shares issued | 18,421,053 | |||||
Price per share (in dollars per share) | $18 | |||||
Number of additional shares option exercised by underwriters | 2,631,579 | |||||
Total offering size (in shares) | 21,052,632 | |||||
Net proceeds from offering | 355,299,000 | |||||
Amount of IPO proceeds contributed AMCE | $355,299,000 |
THE_COMPANY_AND_SIGNIFICANT_AC4
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $) | 12 Months Ended | 3 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 26, 2013 | |
Investments | |||||
Goodwill | 2,289,800,000 | $2,289,800,000 | $2,289,800,000 | $2,249,153,000 | |
Accounts payable related to checks issued but not yet presented to bank | 43,692,000 | 43,692,000 | 52,093,000 | ||
Financing lease obligations for failed sale leaseback transactions | 80,645,000 | 80,645,000 | 85,902,000 | ||
Minimum | |||||
Investments | |||||
Lease terms | 15 years | ||||
Maximum | |||||
Investments | |||||
Lease terms | 20 years | ||||
Additional term for which leases can be extended | 20 years | ||||
Predecessor | Trademark and trade name | |||||
Investments | |||||
Impairment of trademark and tradename | $0 | $0 | |||
NCM | |||||
Investments | |||||
Ownership percentage | 14.96% | 14.96% | 4.00% | ||
DCIP | |||||
Investments | |||||
Ownership percentage | 29.00% | 29.00% | |||
U.S. theatres and IMAX screen | |||||
Investments | |||||
Ownership percentage | 50.00% | 50.00% | |||
Number of U.S. theatres | 2 | ||||
Number of IMAX screens | 1 | ||||
Open Road Films | |||||
Investments | |||||
Ownership percentage | 50.00% | 50.00% | |||
AC JV, LLC | |||||
Investments | |||||
Ownership percentage | 32.00% | 32.00% | 32.00% |
THE_COMPANY_AND_SIGNIFICANT_AC5
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | |
item | ||||||
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES | ||||||
Number of theatres | 8 | |||||
Number of screens in theatres | 94 | |||||
Amount of valuation allowance reversed | $265,600,000 | $265,600,000 | ||||
Impairment losses | ||||||
Impairment of long-lived assets | 3,149,000 | 0 | 3,149,000 | |||
Investment expense (income) | 1,370,000 | |||||
Total impairment losses | 3,149,000 | 1,370,000 | ||||
Income and operating taxes | ||||||
Increase (decrease) in net earnings resulting from change in valuation amount (USD per share) | $3.47 | |||||
Casualty Insurance | ||||||
Casualty insurance reserves, net of estimated insurance recoveries | 17,197,000 | 16,549,000 | 17,197,000 | 16,549,000 | ||
Expenses related to general liability and workers compensation claims | 3,913,000 | 16,329,000 | 16,332,000 | |||
Maximum | ||||||
Casualty Insurance | ||||||
Self-insured amount for general liability per occurrence | 1,000,000 | 1,000,000 | ||||
Deductible limit per occurrence for workers compensation claims | 500,000 | 500,000 | ||||
Predecessor | ||||||
Impairment losses | ||||||
Impairment of long-lived assets | 0 | |||||
Casualty Insurance | ||||||
Expenses related to general liability and workers compensation claims | $5,732,000 |
THE_COMPANY_AND_SIGNIFICANT_AC6
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | |||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | |
Other Income: | |||||||||||
(Gain) loss on extinguishment and modification of debt | ($8,544,000) | ||||||||||
Business interruption insurance recoveries | -1,285,000 | ||||||||||
Other income | 53,000 | -11,000 | -4,157,000 | -4,229,000 | -1,231,000 | 110,000 | -294,000 | 49,000 | -8,344,000 | -1,415,000 | |
Predecessor | |||||||||||
Other Income: | |||||||||||
Business interruption insurance recoveries | -337,000 | ||||||||||
Other income | 960,000 | ||||||||||
Holdings Term Loan Facility [Member] | |||||||||||
Other Income: | |||||||||||
(Gain) loss on extinguishment and modification of debt | -8,386,000 | ||||||||||
Senior Secured Credit Facility | |||||||||||
Other Income: | |||||||||||
(Gain) loss on extinguishment and modification of debt | -130,000 | ||||||||||
8% Senior Subordinated Notes due 2014 | Predecessor | |||||||||||
Other Income: | |||||||||||
(Gain) loss on extinguishment and modification of debt | 1,297,000 | ||||||||||
Other expense | |||||||||||
Other Income: | |||||||||||
Other expense | $49,000 | $42,000 |
MERGER_Details
MERGER (Details) (USD $) | 3 Months Ended | 12 Months Ended | 5 Months Ended | 0 Months Ended | 4 Months Ended | 9 Months Ended | ||||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | Feb. 13, 2007 | Apr. 03, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Apr. 15, 2013 | |
Merger | ||||||||||||||||
Goodwill | $2,289,800,000 | $2,289,800,000 | $2,289,800,000 | $2,289,800,000 | $2,249,153,000 | $2,249,153,000 | ||||||||||
Allocation adjustments | ||||||||||||||||
Goodwill | 2,289,800,000 | 2,289,800,000 | 2,289,800,000 | 2,289,800,000 | 2,249,153,000 | 2,249,153,000 | ||||||||||
Transaction value | ||||||||||||||||
Merger, acquisition and transaction costs | 149,000 | 78,000 | 572,000 | 362,000 | 931,000 | 299,000 | 706,000 | 947,000 | 1,161,000 | 2,883,000 | ||||||
Predecessor | ||||||||||||||||
Merger | ||||||||||||||||
Cash invested by Wanda | 700,000,000 | |||||||||||||||
Cash invested by members of management | 1,811,000 | |||||||||||||||
Allocation adjustments | ||||||||||||||||
Total purchase price | 701,811,000 | |||||||||||||||
NCM | NCM, LLC | Predecessor | ||||||||||||||||
Transaction value | ||||||||||||||||
Consideration received for modifying the ESA | 231,308,000 | |||||||||||||||
9.75% Senior Subordinated Notes due 2020 | ||||||||||||||||
Transaction value | ||||||||||||||||
Interest rate of debt instrument (as a percent) | 9.75% | 9.75% | ||||||||||||||
8.75% Senior Notes due 2019 | ||||||||||||||||
Transaction value | ||||||||||||||||
Interest rate of debt instrument (as a percent) | 8.75% | 8.75% | ||||||||||||||
AMCH | Merger Subsidiary | ||||||||||||||||
Merger | ||||||||||||||||
Cash invested by Wanda | 700,000,000 | |||||||||||||||
Cash invested by members of management | 1,811,000 | |||||||||||||||
Percentage of management reinvestment | 50.00% | |||||||||||||||
Differential in per share price paid in Merger (as a percent) | 1.00% | |||||||||||||||
Amount of consideration deposited into indemnity escrow fund | 35,000,000 | |||||||||||||||
Amount of consideration deposited into an account designated by the stockholder representative | 2,000,000 | |||||||||||||||
Release of amount deposited in indemnity escrow fund | 35,000,000 | |||||||||||||||
Indemnity claims | 0 | |||||||||||||||
Release of amount deposited into an account designated by the stockholder representative | 2,000,000 | |||||||||||||||
Amount released back to the selling stockholders, including members of management | 1,974,000 | |||||||||||||||
Goodwill | 2,202,080,000 | |||||||||||||||
Allocation adjustments | ||||||||||||||||
Cash | 103,784,000 | |||||||||||||||
Receivables, net | 29,775,000 | |||||||||||||||
Other current assets | 34,840,000 | |||||||||||||||
Property, net | 1,034,597,000 | |||||||||||||||
Intangible assets, net | 246,507,000 | |||||||||||||||
Goodwill | 2,202,080,000 | |||||||||||||||
Other long-term assets | 339,013,000 | |||||||||||||||
Accounts payable | -134,186,000 | |||||||||||||||
Accrued expenses and other liabilities | -138,535,000 | |||||||||||||||
Credit card, package tickets, and loyalty program liability | -117,841,000 | |||||||||||||||
Corporate borrowings | -2,086,926,000 | |||||||||||||||
Capital and financing lease obligations | -60,922,000 | |||||||||||||||
Exhibitor services agreement | -322,620,000 | |||||||||||||||
Other long-term liabilities | -427,755,000 | |||||||||||||||
Total purchase price | 701,811,000 | |||||||||||||||
Transaction value | ||||||||||||||||
Corporate borrowings | 2,086,926,000 | |||||||||||||||
Capital and financing lease obligations | 60,922,000 | |||||||||||||||
Less: cash | -103,784,000 | |||||||||||||||
Total transaction value | 2,745,875,000 | |||||||||||||||
Intangible assets, net | 246,507,000 | |||||||||||||||
Number of scenarios to determine value of intangible asset | 2 | |||||||||||||||
Expiration period of AMC Stubs vested rewards, if unused | 90 days | |||||||||||||||
Income tax rate (as a percent) | 40.00% | |||||||||||||||
Number of states for determining average tax rate | 50 | |||||||||||||||
Discount rate (as a percent) | 12.00% | |||||||||||||||
Adjustments to reset deferred rent related to escalations of minimum rentals | 0 | |||||||||||||||
Merger, acquisition and transaction costs | 957,000 | 2,500,000 | ||||||||||||||
AMCH | Merger Subsidiary | Class A common stock | ||||||||||||||||
Merger | ||||||||||||||||
Shares issued for acquisition | 66,252,109 | |||||||||||||||
AMCH | Merger Subsidiary | Class N common stock | ||||||||||||||||
Merger | ||||||||||||||||
Shares issued for acquisition | 173,147 | |||||||||||||||
AMCH | Merger Subsidiary | Predecessor | ||||||||||||||||
Transaction value | ||||||||||||||||
Merger, acquisition and transaction costs | 7,783,000 | |||||||||||||||
AMCH | Merger Subsidiary | Equity Issued in Business Combination [Member] | ||||||||||||||||
Merger | ||||||||||||||||
Goodwill | 32,000,000 | 32,000,000 | ||||||||||||||
Allocation adjustments | ||||||||||||||||
Property, net | -28,000,000 | -28,000,000 | ||||||||||||||
Goodwill | 32,000,000 | 32,000,000 | ||||||||||||||
Other long-term assets | -4,000,000 | -4,000,000 | ||||||||||||||
Transaction value | ||||||||||||||||
Reduction in deferred revenues for packaged tickets | -24,859,000 | -24,859,000 | ||||||||||||||
Reduction in deferred revenues for gift cards | -7,441,000 | -7,441,000 | ||||||||||||||
AMCH | Merger Subsidiary | Lease intangible asset | ||||||||||||||||
Allocation adjustments | ||||||||||||||||
Intangible assets, net | 0 | 0 | ||||||||||||||
Transaction value | ||||||||||||||||
Intangible assets, net | 0 | 0 | ||||||||||||||
AMCH | Merger Subsidiary | Customer relationship asset | ||||||||||||||||
Allocation adjustments | ||||||||||||||||
Intangible assets, net | 0 | 0 | ||||||||||||||
Transaction value | ||||||||||||||||
Intangible assets, net | 0 | 0 | ||||||||||||||
AMCH | Merger Subsidiary | Non-compete agreements | ||||||||||||||||
Allocation adjustments | ||||||||||||||||
Intangible assets, net | 0 | 0 | ||||||||||||||
Transaction value | ||||||||||||||||
Intangible assets, net | $0 | $0 |
MERGER_Details_2
MERGER (Details 2) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | 0 Months Ended | 9 Months Ended | |||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | Aug. 30, 2012 | Dec. 31, 2012 | |
Revenues | |||||||||||||||
Admissions | $460,253,000 | $417,448,000 | $478,667,000 | $409,020,000 | $482,149,000 | $466,988,000 | $515,306,000 | $382,884,000 | $548,632,000 | $1,765,388,000 | $1,847,327,000 | ||||
Food and beverage | 215,309,000 | 189,065,000 | 211,597,000 | 181,764,000 | 197,886,000 | 201,612,000 | 219,477,000 | 167,937,000 | 229,739,000 | 797,735,000 | 786,912,000 | ||||
Other theatre | 36,593,000 | 27,391,000 | 36,309,000 | 31,974,000 | 32,942,000 | 27,384,000 | 27,882,000 | 26,981,000 | 33,121,000 | 132,267,000 | 115,189,000 | ||||
Total revenues | 712,155,000 | 633,904,000 | 726,573,000 | 622,758,000 | 712,977,000 | 695,984,000 | 762,665,000 | 577,802,000 | 811,492,000 | 2,695,390,000 | 2,749,428,000 | ||||
Operating costs and expenses | |||||||||||||||
Film exhibition costs | 244,318,000 | 220,608,000 | 257,220,000 | 212,100,000 | 258,187,000 | 242,006,000 | 285,395,000 | 191,324,000 | 291,561,000 | 934,246,000 | 976,912,000 | ||||
Food and beverage costs | 29,318,000 | 27,209,000 | 30,341,000 | 25,123,000 | 27,293,000 | 26,284,000 | 30,550,000 | 23,198,000 | 30,545,000 | 111,991,000 | 107,325,000 | ||||
Operating expense | 186,413,000 | 177,949,000 | 189,283,000 | 179,693,000 | 192,582,000 | 182,630,000 | 187,219,000 | 164,210,000 | 230,434,000 | 733,338,000 | 726,641,000 | ||||
Rent | 114,176,000 | 112,258,000 | 113,861,000 | 114,944,000 | 112,615,000 | 111,865,000 | 113,542,000 | 113,806,000 | 143,374,000 | 455,239,000 | 451,828,000 | ||||
General and administrative: | |||||||||||||||
Merger, acquisition and transaction costs | 149,000 | 78,000 | 572,000 | 362,000 | 931,000 | 299,000 | 706,000 | 947,000 | 1,161,000 | 2,883,000 | |||||
Other | 18,543,000 | 12,961,000 | 15,149,000 | 18,220,000 | 37,491,000 | 26,450,000 | 17,034,000 | 16,313,000 | 29,110,000 | 64,873,000 | 97,288,000 | ||||
Depreciation and amortization | 55,467,000 | 54,327,000 | 51,750,000 | 54,777,000 | 50,102,000 | 48,603,000 | 50,370,000 | 48,462,000 | 71,633,000 | 216,321,000 | 197,537,000 | ||||
Impairment of long-lived assets | 3,149,000 | 0 | 3,149,000 | ||||||||||||
Operating costs and expenses | 651,533,000 | 605,390,000 | 658,176,000 | 605,219,000 | 679,201,000 | 638,137,000 | 684,816,000 | 558,260,000 | 800,023,000 | 2,520,318,000 | 2,560,414,000 | ||||
Operating income | 60,622,000 | 28,514,000 | 68,397,000 | 17,539,000 | 33,776,000 | 57,847,000 | 77,849,000 | 19,542,000 | 11,469,000 | 175,072,000 | 189,014,000 | ||||
Other expense (income) | 53,000 | -11,000 | -4,157,000 | -4,229,000 | -1,231,000 | 110,000 | -294,000 | 49,000 | -8,344,000 | -1,415,000 | |||||
Interest Expense [Abstract] | |||||||||||||||
Corporate borrowings | 26,528,000 | 26,897,000 | 27,989,000 | 29,658,000 | 32,259,000 | 32,221,000 | 32,310,000 | 33,173,000 | 45,259,000 | 111,072,000 | 129,963,000 | ||||
Interest Expense Capital and Financing Lease Obligations | 2,408,000 | 2,448,000 | 2,486,000 | 2,525,000 | 2,350,000 | 2,606,000 | 2,637,000 | 2,671,000 | 1,873,000 | 9,867,000 | 10,264,000 | ||||
Equity in (earnings) losses of non-consolidated entities | -9,315,000 | -13,087,000 | -9,597,000 | 5,384,000 | -9,292,000 | -14,323,000 | -23,274,000 | -546,000 | 2,480,000 | -26,615,000 | -47,435,000 | ||||
Investment expense (income) | -641,000 | 181,000 | 172,000 | -7,857,000 | 1,322,000 | -69,000 | 282,000 | -3,619,000 | 290,000 | -8,145,000 | -2,084,000 | ||||
Total other expense | 19,033,000 | 16,428,000 | 16,893,000 | 25,481,000 | 25,408,000 | 20,545,000 | 11,661,000 | 31,679,000 | 49,951,000 | 77,835,000 | 89,293,000 | ||||
Earnings (loss) from continuing operations before income taxes | 41,589,000 | 12,086,000 | 51,504,000 | -7,942,000 | 8,368,000 | 37,302,000 | 66,188,000 | -12,137,000 | -38,482,000 | 97,237,000 | 99,721,000 | ||||
Income tax provision (benefit) | 11,770,000 | 4,710,000 | 20,090,000 | -3,100,000 | -274,243,000 | 3,430,000 | 4,330,000 | 3,100,000 | 3,500,000 | 33,470,000 | -263,383,000 | ||||
Earnings (loss) from continuing operations | 29,819,000 | 7,376,000 | 31,414,000 | -4,842,000 | 282,611,000 | 33,872,000 | 61,858,000 | -15,237,000 | -41,982,000 | 63,767,000 | 363,104,000 | ||||
Earnings (loss) from discontinued operations, net of income taxes | -21,000 | 334,000 | -2,994,000 | -407,000 | -282,000 | 4,979,000 | -688,000 | 313,000 | 1,296,000 | ||||||
Net earnings (loss) | 29,819,000 | 7,376,000 | 31,393,000 | -4,508,000 | 279,617,000 | 33,465,000 | 61,576,000 | -10,258,000 | -42,670,000 | -42,670,000 | 64,080,000 | 364,400,000 | |||
Predecessor | |||||||||||||||
Revenues | |||||||||||||||
Total revenues | 1,206,072,000 | ||||||||||||||
Operating costs and expenses | |||||||||||||||
Rent | 189,086,000 | ||||||||||||||
General and administrative: | |||||||||||||||
Impairment of long-lived assets | 0 | ||||||||||||||
Other expense (income) | 960,000 | ||||||||||||||
Interest Expense [Abstract] | |||||||||||||||
Equity in (earnings) losses of non-consolidated entities | -7,545,000 | ||||||||||||||
Income tax provision (benefit) | 2,500,000 | ||||||||||||||
AMCH | Merger Subsidiary | |||||||||||||||
General and administrative: | |||||||||||||||
Merger, acquisition and transaction costs | 2,500,000 | 957,000 | |||||||||||||
Interest Expense [Abstract] | |||||||||||||||
Financial advisor fees, bond amendment consent fees, and professional and consulting fees related to merger | 31,462,000 | ||||||||||||||
AMCH | Merger Subsidiary | Predecessor | |||||||||||||||
Revenues | |||||||||||||||
Admissions | 1,364,663,000 | ||||||||||||||
Food and beverage | 571,869,000 | ||||||||||||||
Other theatre | 72,574,000 | ||||||||||||||
Total revenues | 2,009,106,000 | ||||||||||||||
Operating costs and expenses | |||||||||||||||
Film exhibition costs | 728,100,000 | ||||||||||||||
Food and beverage costs | 77,871,000 | ||||||||||||||
Operating expense | 529,235,000 | ||||||||||||||
Rent | 331,397,000 | ||||||||||||||
General and administrative: | |||||||||||||||
Merger, acquisition and transaction costs | 7,783,000 | ||||||||||||||
Other | 55,594,000 | ||||||||||||||
Depreciation and amortization | 150,234,000 | ||||||||||||||
Operating costs and expenses | 1,880,214,000 | ||||||||||||||
Operating income | 128,892,000 | ||||||||||||||
Other expense (income) | 1,009,000 | ||||||||||||||
Interest Expense [Abstract] | |||||||||||||||
Corporate borrowings | 103,429,000 | ||||||||||||||
Interest Expense Capital and Financing Lease Obligations | 4,263,000 | ||||||||||||||
Equity in (earnings) losses of non-consolidated entities | -7,499,000 | ||||||||||||||
Investment expense (income) | 578,000 | ||||||||||||||
Total other expense | 101,780,000 | ||||||||||||||
Earnings (loss) from continuing operations before income taxes | 27,112,000 | ||||||||||||||
Income tax provision (benefit) | 8,900,000 | ||||||||||||||
Earnings (loss) from continuing operations | 18,212,000 | ||||||||||||||
Earnings (loss) from discontinued operations, net of income taxes | 34,465,000 | ||||||||||||||
Net earnings (loss) | $52,677,000 |
MERGER_Details_3
MERGER (Details 3) (AMCH, Merger Subsidiary, USD $) | 0 Months Ended |
Aug. 30, 2012 | |
AMCH | Merger Subsidiary | |
Merger | |
Financial advisor fees | $18,129,000 |
Management transaction bonuses | 6,000,000 |
Bond amendment fees | 3,946,000 |
Unrecognized stock compensation expense | 3,177,000 |
Other contingent transaction costs | 210,000 |
Financial advisor fees, bond amendment consent fees, and professional and consulting fees related to the Merger | $31,462,000 |
ACQUISITION_Details
ACQUISITION (Details) (USD $) | 1 Months Ended | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2014 | |
Allocation of purchase price | |||
Goodwill | $2,249,153,000 | $2,289,800,000 | $2,289,800,000 |
Deferred tax asset | 96,824,000 | 73,844,000 | |
Rave | |||
ACQUISITION | |||
Purchase price paid in cash, net of cash acquired | 88,683,000 | 881,000 | |
Allocation of purchase price | |||
Cash | 3,649,000 | ||
Receivables, net | 58,000 | ||
Other current assets | 1,556,000 | ||
Property, net | 79,428,000 | ||
Goodwill | 87,720,000 | ||
Deferred tax asset | 3,752,000 | ||
Accrued expenses and other liabilities | -7,243,000 | ||
Capital and financing lease obligations | -62,598,000 | ||
Other long-term liabilities | -13,990,000 | ||
Total purchase price | $92,332,000 | ||
Rave Reviews Cinemas, LLC | |||
ACQUISITION | |||
Number of theatres acquired | 4 | ||
Number of screens acquired | 61 | ||
Rave Digital Media, LLC | |||
ACQUISITION | |||
Number of theatres acquired | 6 | ||
Number of screens acquired | 95 |
ACQUISITION_Details_2
ACQUISITION (Details 2) (Rave, USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Rave | |
ACQUISITION | |
Acquisition-related costs | $728,000 |
DISCONTINUED_OPERATIONS_Detail
DISCONTINUED OPERATIONS (Details) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | 1 Months Ended | |||||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | Aug. 30, 2012 | 31-May-14 | Aug. 30, 2012 | Jul. 31, 2012 | |
item | item | item | item | item | ||||||||||||
Discontinued operations | ||||||||||||||||
Number of screens in theatres | 94 | |||||||||||||||
Foreign currency translation adjustment: | ||||||||||||||||
Foreign currency translation adjustment, net of tax | ($530,000) | $978,000 | $179,000 | |||||||||||||
Additional disclosures | ||||||||||||||||
Discontinued Operation, Additional Sale Price Received Related to Tax Purchase Price Adjustments | 4,666,000 | |||||||||||||||
Revenues | ||||||||||||||||
Admissions | 460,253,000 | 417,448,000 | 478,667,000 | 409,020,000 | 482,149,000 | 466,988,000 | 515,306,000 | 382,884,000 | 548,632,000 | 1,765,388,000 | 1,847,327,000 | |||||
Food and beverage | 215,309,000 | 189,065,000 | 211,597,000 | 181,764,000 | 197,886,000 | 201,612,000 | 219,477,000 | 167,937,000 | 229,739,000 | 797,735,000 | 786,912,000 | |||||
Other theatre | 36,593,000 | 27,391,000 | 36,309,000 | 31,974,000 | 32,942,000 | 27,384,000 | 27,882,000 | 26,981,000 | 33,121,000 | 132,267,000 | 115,189,000 | |||||
Total revenues | 712,155,000 | 633,904,000 | 726,573,000 | 622,758,000 | 712,977,000 | 695,984,000 | 762,665,000 | 577,802,000 | 811,492,000 | 2,695,390,000 | 2,749,428,000 | |||||
Operating costs and expenses | ||||||||||||||||
Film Exhibition Costs | 244,318,000 | 220,608,000 | 257,220,000 | 212,100,000 | 258,187,000 | 242,006,000 | 285,395,000 | 191,324,000 | 291,561,000 | 934,246,000 | 976,912,000 | |||||
Food and beverage costs | 29,318,000 | 27,209,000 | 30,341,000 | 25,123,000 | 27,293,000 | 26,284,000 | 30,550,000 | 23,198,000 | 30,545,000 | 111,991,000 | 107,325,000 | |||||
Operating expense | 186,413,000 | 177,949,000 | 189,283,000 | 179,693,000 | 192,582,000 | 182,630,000 | 187,219,000 | 164,210,000 | 230,434,000 | 733,338,000 | 726,641,000 | |||||
Rent | 114,176,000 | 112,258,000 | 113,861,000 | 114,944,000 | 112,615,000 | 111,865,000 | 113,542,000 | 113,806,000 | 143,374,000 | 455,239,000 | 451,828,000 | |||||
Depreciation, Depletion and Amortization | 55,467,000 | 54,327,000 | 51,750,000 | 54,777,000 | 50,102,000 | 48,603,000 | 50,370,000 | 48,462,000 | 71,633,000 | 216,321,000 | 197,537,000 | |||||
Operating costs and expenses | 651,533,000 | 605,390,000 | 658,176,000 | 605,219,000 | 679,201,000 | 638,137,000 | 684,816,000 | 558,260,000 | 800,023,000 | 2,520,318,000 | 2,560,414,000 | |||||
Investment income | -641,000 | 181,000 | 172,000 | -7,857,000 | 1,322,000 | -69,000 | 282,000 | -3,619,000 | 290,000 | -8,145,000 | -2,084,000 | |||||
Total other expense | 19,033,000 | 16,428,000 | 16,893,000 | 25,481,000 | 25,408,000 | 20,545,000 | 11,661,000 | 31,679,000 | 49,951,000 | 77,835,000 | 89,293,000 | |||||
Income tax provision | 210,000 | 830,000 | ||||||||||||||
Net earnings (loss) | -21,000 | 334,000 | -2,994,000 | -407,000 | -282,000 | 4,979,000 | -688,000 | 313,000 | 1,296,000 | |||||||
Predecessor | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Net cash payment | -5,695,000 | |||||||||||||||
Fixed asset write-offs | -1,885,000 | |||||||||||||||
Recognition of cumulative translation losses in AOCI | -11,069,000 | |||||||||||||||
Legal and professional fees | -1,582,000 | |||||||||||||||
Operating Lease Liabilities: | ||||||||||||||||
Deferred rent write-off | 14,848,000 | |||||||||||||||
Unfavorable lease write-off | 31,099,000 | |||||||||||||||
Deferred gain write-off | 13,666,000 | |||||||||||||||
Gain on sale, net of lease termination expense | 39,382,000 | |||||||||||||||
Foreign currency translation adjustment: | ||||||||||||||||
Foreign currency translation adjustment, net of tax | 866,000 | |||||||||||||||
Reclassification adjustment for foreign currency translation loss included in discontinued operations, net of tax | 11,069,000 | |||||||||||||||
Foreign currency translation adjustment, net of tax | 11,935,000 | |||||||||||||||
Revenues | ||||||||||||||||
Total revenues | 1,206,072,000 | |||||||||||||||
Operating costs and expenses | ||||||||||||||||
Rent | 189,086,000 | |||||||||||||||
Income tax provision | 1,200,000 | |||||||||||||||
Seven Canada theatres and one United Kingdom theatre | Predecessor | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Payment made to the landlord to terminate the lease agreement | 7,562,000 | |||||||||||||||
Additional disclosures | ||||||||||||||||
Term of operating lease agreements | 20 years | |||||||||||||||
Operating costs and expenses | ||||||||||||||||
Gain on disposition | 39,382,000 | |||||||||||||||
All discontinued operations | ||||||||||||||||
Operating costs and expenses | ||||||||||||||||
Food and beverage costs | 66,000 | |||||||||||||||
Operating expense | 439,000 | |||||||||||||||
General and administrative costs | 221,000 | |||||||||||||||
Gain on disposition | -37,000 | -523,000 | -2,126,000 | |||||||||||||
Operating costs and expenses | 689,000 | -523,000 | -2,126,000 | |||||||||||||
Operating income (loss) | -689,000 | 523,000 | 2,126,000 | |||||||||||||
Investment income | -1,000 | |||||||||||||||
Total other expense | -1,000 | |||||||||||||||
Earnings (loss) before income taxes | -688,000 | 523,000 | 2,126,000 | |||||||||||||
Income tax provision | 210,000 | 830,000 | ||||||||||||||
Net earnings (loss) | -688,000 | 313,000 | 1,296,000 | |||||||||||||
All discontinued operations | Predecessor | ||||||||||||||||
Revenues | ||||||||||||||||
Admissions | 16,389,000 | |||||||||||||||
Food and beverage | 6,099,000 | |||||||||||||||
Other theatre | 548,000 | |||||||||||||||
Total revenues | 23,036,000 | |||||||||||||||
Operating costs and expenses | ||||||||||||||||
Film Exhibition Costs | 8,706,000 | |||||||||||||||
Food and beverage costs | 1,252,000 | |||||||||||||||
Operating expense | 15,592,000 | |||||||||||||||
Rent | 7,322,000 | |||||||||||||||
General and administrative costs | 511,000 | |||||||||||||||
Depreciation, Depletion and Amortization | 263,000 | |||||||||||||||
Gain on disposition | -46,951,000 | |||||||||||||||
Operating costs and expenses | -13,305,000 | |||||||||||||||
Operating income (loss) | 36,341,000 | |||||||||||||||
Investment income | -12,000 | |||||||||||||||
Total other expense | -12,000 | |||||||||||||||
Earnings (loss) before income taxes | 36,353,000 | |||||||||||||||
Income tax provision | 1,200,000 | |||||||||||||||
Net earnings (loss) | 35,153,000 | |||||||||||||||
One theatre | Predecessor | Odeon Cinemas Limited | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Gross proceeds from sales subject to working capital and other purchase price adjustments | 395,000 | 395,000 | 395,000 | |||||||||||||
Other | ||||||||||||||||
Additional disclosures | ||||||||||||||||
Discontinued Operation, Additional Sale Price Received Related to Tax Purchase Price Adjustments | 4,666,000 | |||||||||||||||
Revenues | ||||||||||||||||
Total revenues | 3,114,000 | 7,160,000 | 7,711,000 | |||||||||||||
Other | Predecessor | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Number of theatres sold | 7 | |||||||||||||||
Revenues | ||||||||||||||||
Total revenues | 3,893,000 | |||||||||||||||
Other | One closed theatre | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Number of theatres closed | 1 | |||||||||||||||
Number of screens in theatres | 13 | |||||||||||||||
Other | One closed theatre | Predecessor | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Number of theatres closed | 1 | 1 | ||||||||||||||
Number of screens in theatres | 20 | 20 | ||||||||||||||
Payment made to the landlord to terminate the lease agreement | 7,562,000 | |||||||||||||||
Other | 6 theatres | Predecessor | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Number of screens in theatres | 134 | |||||||||||||||
Number of theatres sold | 6 | |||||||||||||||
Gross proceeds from sales subject to working capital and other purchase price adjustments | 1,472,000 | |||||||||||||||
Other | Theatres | Predecessor | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Proceeds from sale of theatre | 1,472,000 | |||||||||||||||
Cash payment for closure of Canada theatre | -7,562,000 | |||||||||||||||
UK | Theatres | Predecessor | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Proceeds from sale of theatre | $395,000 | |||||||||||||||
UK | One theatre | Predecessor | ||||||||||||||||
Discontinued operations | ||||||||||||||||
Number of screens in theatres | 12 | |||||||||||||||
Number of theatres sold | 1 |
PROPERTY_Details
PROPERTY (Details) (USD $) | 4 Months Ended | 12 Months Ended | 5 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | |
PROPERTY | ||||
Property owned, gross | $1,629,934,000 | $1,393,608,000 | ||
Less-accumulated depreciation and amortization | 394,008,000 | 226,556,000 | ||
Property owned, net | 1,235,926,000 | 1,167,052,000 | ||
Property leased under capital leases: | ||||
Depreciation expense | 63,472,000 | 194,930,000 | 176,998,000 | |
Buildings and improvements | 14,381,000 | 14,381,000 | ||
Less-accumulated amortization | 3,077,000 | 1,679,000 | ||
Property leased under capital leases, net | 11,304,000 | 12,702,000 | ||
Total | 1,247,230,000 | 1,179,754,000 | ||
Predecessor | ||||
Property leased under capital leases: | ||||
Depreciation expense | 70,715,000 | |||
Land | ||||
PROPERTY | ||||
Property owned, gross | 45,448,000 | 46,148,000 | ||
Buildings and improvements | ||||
PROPERTY | ||||
Property owned, gross | 211,947,000 | 202,311,000 | ||
Buildings and improvements | Minimum | ||||
Property leased under capital leases: | ||||
Estimated useful lives | 5 years | |||
Buildings and improvements | Maximum | ||||
Property leased under capital leases: | ||||
Estimated useful lives | 40 years | |||
Leasehold improvements | ||||
PROPERTY | ||||
Property owned, gross | 627,259,000 | 528,915,000 | ||
Leasehold improvements | Minimum | ||||
Property leased under capital leases: | ||||
Estimated useful lives | 1 year | |||
Leasehold improvements | Maximum | ||||
Property leased under capital leases: | ||||
Estimated useful lives | 20 years | |||
Furniture, fixtures and equipment | ||||
PROPERTY | ||||
Property owned, gross | $745,280,000 | $616,234,000 | ||
Furniture, fixtures and equipment | Minimum | ||||
Property leased under capital leases: | ||||
Estimated useful lives | 1 year | |||
Furniture, fixtures and equipment | Maximum | ||||
Property leased under capital leases: | ||||
Estimated useful lives | 10 years |
GOODWILL_AND_OTHER_INTANGIBLE_2
GOODWILL AND OTHER INTANGIBLE ASSETS (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2014 | |
Activity of goodwill | ||
Balance at the beginning of the period | $2,249,153,000 | $2,289,800,000 |
Increase in Goodwill from purchase price allocation adjustments | 31,951,000 | |
Balance at the end of the period | 2,289,800,000 | 2,289,800,000 |
Rave | ||
Activity of goodwill | ||
Balance at the beginning of the period | 87,720,000 | |
Increase in Goodwill from purchase price allocation adjustments | $8,696,000 |
GOODWILL_AND_OTHER_INTANGIBLE_3
GOODWILL AND OTHER INTANGIBLE ASSETS (Details 2) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Amortizable Intangible Assets: | ||
Gross Carrying Amount | $141,491,000 | $141,886,000 |
Accumulated Amortization | -20,376,000 | -11,967,000 |
Unamortized Intangible Assets: | ||
AMC trademark | 104,400,000 | 104,400,000 |
Total, unamortizable | 104,400,000 | 104,400,000 |
Favorable leases | ||
Amortizable Intangible Assets: | ||
Gross Carrying Amount | 112,251,000 | 112,496,000 |
Accumulated Amortization | -13,781,000 | -8,053,000 |
Favorable leases | Minimum | ||
Amortizable Intangible Assets: | ||
Remaining Useful Life | 4 years | |
Favorable leases | Maximum | ||
Amortizable Intangible Assets: | ||
Remaining Useful Life | 44 years | |
Management contracts | ||
Amortizable Intangible Assets: | ||
Gross Carrying Amount | 4,540,000 | 4,690,000 |
Accumulated Amortization | -1,676,000 | -1,103,000 |
Management contracts | Minimum | ||
Amortizable Intangible Assets: | ||
Remaining Useful Life | 3 years | |
Management contracts | Maximum | ||
Amortizable Intangible Assets: | ||
Remaining Useful Life | 6 years | |
Non-compete agreements | ||
Amortizable Intangible Assets: | ||
Remaining Useful Life | 1 year | |
Gross Carrying Amount | 3,800,000 | 3,800,000 |
Accumulated Amortization | -2,951,000 | -1,678,000 |
NCM tax receivable agreement | ||
Amortizable Intangible Assets: | ||
Remaining Useful Life | 22 years | |
Gross Carrying Amount | 20,900,000 | 20,900,000 |
Accumulated Amortization | ($1,968,000) | ($1,133,000) |
GOODWILL_AND_OTHER_INTANGIBLE_4
GOODWILL AND OTHER INTANGIBLE ASSETS (Details 3) (USD $) | 4 Months Ended | 12 Months Ended | 5 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 |
Amortization expense associated with the intangible assets | ||||
Recorded amortization | $3,106 | $8,804 | $9,011 | |
Projected annual amortization | ||||
2015 | 8,365 | |||
2016 | 7,516 | |||
2017 | 7,400 | |||
2018 | 7,131 | |||
2019 | 6,187 | |||
Predecessor | ||||
Amortization expense associated with the intangible assets | ||||
Recorded amortization | $5,016 |
INVESTMENTS_Details
INVESTMENTS (Details) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 1 Months Ended | 5 Months Ended | 0 Months Ended | ||||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Aug. 30, 2012 | Feb. 13, 2007 | Mar. 14, 2013 | Dec. 26, 2013 | |
item | ||||||||||||||||
Investments | ||||||||||||||||
Amount of excess proportional ownership in equity of investments excluding NCM | $13,257,000 | $13,257,000 | ||||||||||||||
RealD deferred lease incentive | 16,047,000 | 18,635,000 | 16,047,000 | 18,635,000 | ||||||||||||
Impairment of RealD Inc. investment | 1,370,000 | |||||||||||||||
The company's recorded investment | 332,440,000 | 327,910,000 | 332,440,000 | 327,910,000 | ||||||||||||
Amortizable intangible asset | 141,491,000 | 141,886,000 | 141,491,000 | 141,886,000 | ||||||||||||
The Company's recorded equity in earnings (losses) | 9,315,000 | 13,087,000 | 9,597,000 | -5,384,000 | 9,292,000 | 14,323,000 | 23,274,000 | 546,000 | -2,480,000 | 26,615,000 | 47,435,000 | |||||
Deferred rent liability for digital projectors | 120,184,000 | 55,272,000 | 120,184,000 | 55,272,000 | ||||||||||||
Gross film exhibition cost on Open Road Films | 244,318,000 | 220,608,000 | 257,220,000 | 212,100,000 | 258,187,000 | 242,006,000 | 285,395,000 | 191,324,000 | 291,561,000 | 934,246,000 | 976,912,000 | |||||
Financial Condition: | ||||||||||||||||
Current assets | 255,269,000 | 357,259,000 | 255,269,000 | 357,259,000 | ||||||||||||
Noncurrent assets | 1,651,121,000 | 1,741,203,000 | 1,651,121,000 | 1,741,203,000 | ||||||||||||
Total assets | 1,906,390,000 | 2,098,462,000 | 1,906,390,000 | 2,098,462,000 | ||||||||||||
Current liabilities | 202,392,000 | 233,150,000 | 202,392,000 | 233,150,000 | ||||||||||||
Noncurrent liabilities | 1,735,864,000 | 1,920,109,000 | 1,735,864,000 | 1,920,109,000 | ||||||||||||
Total liabilities | 1,938,256,000 | 2,153,259,000 | 1,938,256,000 | 2,153,259,000 | ||||||||||||
Stockholders' equity (deficit) | -31,866,000 | -54,797,000 | -31,866,000 | -54,797,000 | ||||||||||||
Liabilities and stockholders' equity | 1,906,390,000 | 2,098,462,000 | 1,906,390,000 | 2,098,462,000 | ||||||||||||
The company's recorded investment | 332,440,000 | 327,910,000 | 332,440,000 | 327,910,000 | ||||||||||||
Operating Results: | ||||||||||||||||
Revenues | 283,780,000 | 809,087,000 | 804,326,000 | |||||||||||||
Operating costs and expenses | 259,223,000 | 661,473,000 | 582,774,000 | |||||||||||||
Net earnings (loss) | 24,557,000 | 147,614,000 | 221,552,000 | |||||||||||||
Changes in carrying amount of investment in NCM and equity in earnings of NCM | ||||||||||||||||
Balance at the beginning of the period | 327,910,000 | 327,910,000 | ||||||||||||||
Balance at the end of the period | 332,440,000 | 327,910,000 | 332,440,000 | 327,910,000 | ||||||||||||
Equity in Loss | ||||||||||||||||
Equity in (earnings) losses of non-consolidated entities | -9,315,000 | -13,087,000 | -9,597,000 | 5,384,000 | -9,292,000 | -14,323,000 | -23,274,000 | -546,000 | 2,480,000 | -26,615,000 | -47,435,000 | |||||
5% Promissory Note payable to NCM due 2019 | ||||||||||||||||
Investments | ||||||||||||||||
Stated interest rate (as a percent) | 5.00% | 5.00% | ||||||||||||||
NCM tax receivable agreement | ||||||||||||||||
Investments | ||||||||||||||||
Amortizable intangible asset | 20,900,000 | 20,900,000 | 20,900,000 | 20,900,000 | ||||||||||||
RealD Inc. | ||||||||||||||||
Investments | ||||||||||||||||
Period over which shares of common stock can be purchased | 10 years | |||||||||||||||
Number of shares of common stock that can be purchased | 1,222,780 | 1,222,780 | ||||||||||||||
Price at which each share of common stock can be purchased (in dollars per share) | $0.01 | |||||||||||||||
Number of tranches in which stock options shall be vested upon the achievement of screen installation targets | 3 | |||||||||||||||
Period over which deferred lease incentive is being amortized | 7 years | |||||||||||||||
RealD deferred lease incentive | 16,047,000 | 16,047,000 | ||||||||||||||
Rave | ||||||||||||||||
Investments | ||||||||||||||||
Number of additional units received (in shares) | 141,731 | |||||||||||||||
Estimated fair market value of the units | 2,137,000 | 2,137,000 | ||||||||||||||
Price per share (in dollars per share) | $15.08 | $15.08 | ||||||||||||||
Share Price | $15.08 | $15.08 | ||||||||||||||
Predecessor | ||||||||||||||||
Investments | ||||||||||||||||
The Company's recorded equity in earnings (losses) | 7,545,000 | |||||||||||||||
Operating Results: | ||||||||||||||||
Revenues | 360,403,000 | |||||||||||||||
Operating costs and expenses | 293,493,000 | |||||||||||||||
Net earnings (loss) | 66,910,000 | |||||||||||||||
Equity in Loss | ||||||||||||||||
Equity in (earnings) losses of non-consolidated entities | -7,545,000 | |||||||||||||||
Advertising (Revenue) | ||||||||||||||||
Advertising (Revenue) | ||||||||||||||||
Amortization of ESA | -4,468,000 | -15,235,000 | -14,556,000 | |||||||||||||
Advertising (Revenue) for the period | -4,468,000 | -15,235,000 | -14,556,000 | |||||||||||||
Advertising (Revenue) | Predecessor | ||||||||||||||||
Advertising (Revenue) | ||||||||||||||||
Amortization of ESA | -2,367,000 | |||||||||||||||
Advertising (Revenue) for the period | -2,367,000 | |||||||||||||||
Cash Received (Paid) | ||||||||||||||||
Cash Received | ||||||||||||||||
Balance at the beginning of the period | 27,453,000 | 10,176,000 | 27,453,000 | 10,176,000 | ||||||||||||
Receipt of excess cash distributions | 10,176,000 | 21,514,000 | 27,453,000 | |||||||||||||
Balance at the end of the period | 21,514,000 | 27,453,000 | 10,176,000 | 21,514,000 | 27,453,000 | |||||||||||
Cash Received (Paid) | Predecessor | ||||||||||||||||
Cash Received | ||||||||||||||||
Receipt of excess cash distributions | 6,667,000 | |||||||||||||||
Balance at the end of the period | 6,667,000 | |||||||||||||||
Exhibitor services agreement | ||||||||||||||||
Exhibitor services agreement | ||||||||||||||||
Balance at the beginning of the period | -329,913,000 | -318,154,000 | -329,913,000 | -318,154,000 | ||||||||||||
Purchase Price Adjustment | 3,453,000 | |||||||||||||||
Receipt of Common Units | 2,137,000 | -26,315,000 | ||||||||||||||
Amortization of ESA | 4,468,000 | 15,235,000 | 14,556,000 | |||||||||||||
Balance at the end of the period | -316,815,000 | -329,913,000 | -318,154,000 | -316,815,000 | -329,913,000 | |||||||||||
Exhibitor services agreement | Predecessor | ||||||||||||||||
Exhibitor services agreement | ||||||||||||||||
Balance at the beginning of the period | -328,442,000 | |||||||||||||||
Amortization of ESA | 2,367,000 | |||||||||||||||
Balance at the end of the period | -326,075,000 | |||||||||||||||
Other Comprehensive (Income) | ||||||||||||||||
Other Comprehensive (Income) | ||||||||||||||||
Other comprehensive (income) at the end of the period | -2,282,000 | -797,000 | -2,282,000 | -797,000 | ||||||||||||
Unrealized gain from cash flow hedge | -797,000 | -1,498,000 | -1,485,000 | |||||||||||||
Other comprehensive (income) at the end of the period | -3,780,000 | -2,282,000 | -797,000 | -3,780,000 | -2,282,000 | |||||||||||
Equity in (Earnings) Losses | ||||||||||||||||
Investments | ||||||||||||||||
The Company's recorded equity in earnings (losses) | 4,271,000 | 11,311,000 | 23,196,000 | |||||||||||||
Changes in carrying amount of investment in NCM and equity in earnings of NCM | ||||||||||||||||
Change in interest gain | -5,012,000 | -5,012,000 | ||||||||||||||
Equity in earnings | 4,271,000 | 14,446,000 | 21,149,000 | |||||||||||||
Equity in loss from amortization of basis difference | 3,135,000 | 2,965,000 | 3,135,000 | 2,965,000 | ||||||||||||
Equity in Loss | ||||||||||||||||
Change in interest gain | -5,012,000 | -5,012,000 | ||||||||||||||
Equity in loss | -4,271,000 | -14,446,000 | -21,149,000 | |||||||||||||
Equity in loss from amortization of basis difference | 3,135,000 | 2,965,000 | 3,135,000 | 2,965,000 | ||||||||||||
Equity in (earnings) losses of non-consolidated entities | -4,271,000 | -11,311,000 | -23,196,000 | |||||||||||||
Equity in (Earnings) Losses | Predecessor | ||||||||||||||||
Investments | ||||||||||||||||
The Company's recorded equity in earnings (losses) | 7,473,000 | |||||||||||||||
Changes in carrying amount of investment in NCM and equity in earnings of NCM | ||||||||||||||||
Equity in earnings | 2,523,000 | |||||||||||||||
Equity in Loss | ||||||||||||||||
Receipt of excess cash distributions | -4,966,000 | |||||||||||||||
Change in interest loss | 16,000 | |||||||||||||||
Equity in loss | -2,523,000 | |||||||||||||||
Equity in (earnings) losses of non-consolidated entities | -7,473,000 | |||||||||||||||
Tranche 2 Investments | ||||||||||||||||
Investments | ||||||||||||||||
Price per share (in dollars per share) | $15.08 | $15.08 | ||||||||||||||
Receipt of common units | 2,137,000 | |||||||||||||||
Receipt of common units (in shares) | 141,731 | |||||||||||||||
Share Price | $15.08 | $15.08 | ||||||||||||||
Changes in carrying amount of investment in NCM and equity in earnings of NCM | ||||||||||||||||
Receipt of common units | 2,137,000 | |||||||||||||||
Receipt of common units (in shares) | 141,731 | |||||||||||||||
Tranche 2 Investments | Predecessor | OpCo | ||||||||||||||||
Investments | ||||||||||||||||
Number of units owned (in shares) | 4,417,042 | |||||||||||||||
Capital units | OpCo | ||||||||||||||||
Changes in carrying amount of investment in NCM and equity in earnings of NCM | ||||||||||||||||
Cost of Tranche 1 Investment | 0 | |||||||||||||||
Capital units | Predecessor | OpCo | ||||||||||||||||
Investments | ||||||||||||||||
Number of units owned (in shares) | 12,906,740 | |||||||||||||||
NCM, LLC | ||||||||||||||||
Investments | ||||||||||||||||
Note payable to affiliate | 6,944,000 | 8,333,000 | 6,944,000 | 8,333,000 | ||||||||||||
NCM, LLC | NCM tax receivable agreement | ||||||||||||||||
Investments | ||||||||||||||||
Receipt under Tax Receivable Agreement | 8,730,000 | 3,677,000 | 0 | 8,730,000 | 3,677,000 | |||||||||||
Changes in carrying amount of investment in NCM and equity in earnings of NCM | ||||||||||||||||
Receipt under Tax Receivable Agreement | -8,730,000 | -3,677,000 | 0 | -8,730,000 | -3,677,000 | |||||||||||
NCM, LLC | Predecessor | ||||||||||||||||
Investments | ||||||||||||||||
Shares of common stock issued in IPO | 42,000,000 | |||||||||||||||
Price of shares of common stock issued in IPO (in dollars per share) | $21 | |||||||||||||||
NCM, LLC | Predecessor | NCM tax receivable agreement | ||||||||||||||||
Investments | ||||||||||||||||
Receipt under Tax Receivable Agreement | 0 | |||||||||||||||
Changes in carrying amount of investment in NCM and equity in earnings of NCM | ||||||||||||||||
Receipt under Tax Receivable Agreement | 0 | |||||||||||||||
NCM, LLC | Advertising (Revenue) | ||||||||||||||||
Investments | ||||||||||||||||
Amounts due from affiliate | 2,072,000 | 2,226,000 | 2,072,000 | 2,226,000 | ||||||||||||
Revenues | 11,086,000 | 34,523,000 | 33,790,000 | |||||||||||||
NCM, LLC | Advertising (Revenue) | Predecessor | ||||||||||||||||
Investments | ||||||||||||||||
Revenues | 11,731,000 | |||||||||||||||
NCM, LLC | Advertising expense | ||||||||||||||||
Investments | ||||||||||||||||
Expenses | 4,197,000 | 12,226,000 | 13,809,000 | |||||||||||||
NCM, LLC | Advertising expense | Predecessor | ||||||||||||||||
Investments | ||||||||||||||||
Expenses | 6,326,000 | |||||||||||||||
NCM, LLC | Exhibitor services agreement | ||||||||||||||||
Investments | ||||||||||||||||
Amounts due to affiliate | 1,784,000 | 2,429,000 | 1,784,000 | 2,429,000 | ||||||||||||
NCM | ||||||||||||||||
Investments | ||||||||||||||||
Interest in non-consolidated affiliates (as a percent) | 14.96% | 14.96% | 4.00% | |||||||||||||
Amount of excess proportional ownership in equity of investment | 735,795,000 | |||||||||||||||
The company's recorded investment | 265,839,000 | 272,407,000 | 265,839,000 | 272,407,000 | ||||||||||||
Estimated fair market value of the units | 275,825,000 | 275,825,000 | ||||||||||||||
Price per share (in dollars per share) | $14.37 | $14.37 | ||||||||||||||
Receipt of common units | 2,137,000 | 26,315,000 | ||||||||||||||
Receipt of common units (in shares) | 1,728,988 | |||||||||||||||
The Company's recorded equity in earnings (losses) | 4,271,000 | 11,311,000 | 23,196,000 | |||||||||||||
Share Price | $14.37 | $14.37 | ||||||||||||||
Financial Condition: | ||||||||||||||||
Current assets | 134,900,000 | 141,600,000 | 134,900,000 | 141,600,000 | ||||||||||||
Noncurrent assets | 546,200,000 | 557,600,000 | 546,200,000 | 557,600,000 | ||||||||||||
Total assets | 681,100,000 | 699,200,000 | 681,100,000 | 699,200,000 | ||||||||||||
Current liabilities | 106,500,000 | 122,400,000 | 106,500,000 | 122,400,000 | ||||||||||||
Noncurrent liabilities | 892,000,000 | 876,000,000 | 892,000,000 | 876,000,000 | ||||||||||||
Total liabilities | 998,500,000 | 998,400,000 | 998,500,000 | 998,400,000 | ||||||||||||
Stockholders' equity (deficit) | -317,400,000 | -299,200,000 | -317,400,000 | -299,200,000 | ||||||||||||
Liabilities and stockholders' equity | 681,100,000 | 699,200,000 | 681,100,000 | 699,200,000 | ||||||||||||
The company's recorded investment | 265,839,000 | 272,407,000 | 245,047,000 | 265,839,000 | 272,407,000 | |||||||||||
Operating Results: | ||||||||||||||||
Revenues | 178,100,000 | 394,000,000 | 462,800,000 | |||||||||||||
Operating costs and expenses | 144,000,000 | 297,700,000 | 299,900,000 | |||||||||||||
Net earnings (loss) | 34,100,000 | 96,300,000 | 162,900,000 | |||||||||||||
Changes in carrying amount of investment in NCM and equity in earnings of NCM | ||||||||||||||||
Balance at the beginning of the period | 272,407,000 | 245,047,000 | 272,407,000 | 245,047,000 | ||||||||||||
Receipt of common units | 2,137,000 | 26,315,000 | ||||||||||||||
Receipt of excess cash distributions | -21,514,000 | -27,453,000 | -10,176,000 | -21,514,000 | -27,453,000 | |||||||||||
Purchase Price Adjustment | 177,832,000 | 3,817,000 | ||||||||||||||
Unrealized gain from cash flow hedge | 797,000 | 1,498,000 | 1,485,000 | |||||||||||||
Change in interest gain | 5,012,000 | 5,012,000 | ||||||||||||||
Equity in earnings | 4,271,000 | 14,446,000 | 21,149,000 | |||||||||||||
Equity in loss from amortization of basis difference | -3,135,000 | -2,965,000 | -3,135,000 | -2,965,000 | ||||||||||||
Balance at the end of the period | 265,839,000 | 272,407,000 | 245,047,000 | 265,839,000 | 272,407,000 | |||||||||||
Receipt of common units (in shares) | 1,728,988 | |||||||||||||||
Exhibitor services agreement | ||||||||||||||||
Term of amortization of the exhibitor services agreement (ESA) with NCM | 30 years | |||||||||||||||
Equity in Loss | ||||||||||||||||
Change in interest gain | 5,012,000 | 5,012,000 | ||||||||||||||
Equity in loss | -4,271,000 | -14,446,000 | -21,149,000 | |||||||||||||
Equity in loss from amortization of basis difference | -3,135,000 | -2,965,000 | -3,135,000 | -2,965,000 | ||||||||||||
Equity in (earnings) losses of non-consolidated entities | -4,271,000 | -11,311,000 | -23,196,000 | |||||||||||||
NCM | NCM tax receivable agreement | ||||||||||||||||
Investments | ||||||||||||||||
Amortizable intangible asset | 20,900,000 | 20,900,000 | ||||||||||||||
NCM | Rave | ||||||||||||||||
Investments | ||||||||||||||||
Price per share (in dollars per share) | $15.22 | |||||||||||||||
Share Price | $15.22 | |||||||||||||||
NCM | Predecessor | ||||||||||||||||
Investments | ||||||||||||||||
The Company's recorded equity in earnings (losses) | 7,473,000 | |||||||||||||||
Financial Condition: | ||||||||||||||||
The company's recorded investment | 72,323,000 | |||||||||||||||
Operating Results: | ||||||||||||||||
Revenues | 231,600,000 | |||||||||||||||
Operating costs and expenses | 167,900,000 | |||||||||||||||
Net earnings (loss) | 63,700,000 | |||||||||||||||
Changes in carrying amount of investment in NCM and equity in earnings of NCM | ||||||||||||||||
Balance at the beginning of the period | 71,517,000 | |||||||||||||||
Receipt of excess cash distributions | -1,701,000 | |||||||||||||||
Change in interest loss | -16,000 | |||||||||||||||
Equity in earnings | 2,523,000 | |||||||||||||||
Balance at the end of the period | 72,323,000 | |||||||||||||||
Equity in Loss | ||||||||||||||||
Equity in loss | -2,523,000 | |||||||||||||||
Equity in (earnings) losses of non-consolidated entities | -7,473,000 | |||||||||||||||
NCM | Tranche 2 Investments | Rave | ||||||||||||||||
Investments | ||||||||||||||||
Receipt of common units | 26,315,000 | |||||||||||||||
Receipt of common units (in shares) | 1,728,988 | |||||||||||||||
Changes in carrying amount of investment in NCM and equity in earnings of NCM | ||||||||||||||||
Receipt of common units | 26,315,000 | |||||||||||||||
Receipt of common units (in shares) | 1,728,988 | |||||||||||||||
NCM | Capital units | Predecessor | ||||||||||||||||
Investments | ||||||||||||||||
Number of units owned (in shares) | 17,323,782 | |||||||||||||||
NCM | Founding Members | Tranche 2 Investments | ||||||||||||||||
Investments | ||||||||||||||||
Number of units issued to Founding Member due to an acquisition (in shares) | 8,688,078 | |||||||||||||||
NCM | NCM, LLC | ||||||||||||||||
Investments | ||||||||||||||||
Payment to the Founding Members as a percentage of actual tax benefit realized from the tax amortization of the intangible assets by related party | 90.00% | 90.00% | ||||||||||||||
Period of applicability of the tax receivable agreement to related party from its IPO | 30 years | |||||||||||||||
AC JV, LLC | ||||||||||||||||
Investments | ||||||||||||||||
Interest in non-consolidated affiliates (as a percent) | 32.00% | 32.00% | 32.00% | |||||||||||||
The company's recorded investment | 6,255,000 | 4,785,000 | 6,255,000 | 4,785,000 | ||||||||||||
The Company's recorded equity in earnings (losses) | 1,470,000 | |||||||||||||||
Amounts due to affiliate | 333,000 | 333,000 | ||||||||||||||
Financial Condition: | ||||||||||||||||
Current assets | 10,993,000 | 806,000 | 10,993,000 | 806,000 | ||||||||||||
Noncurrent assets | 22,948,000 | 24,464,000 | 22,948,000 | 24,464,000 | ||||||||||||
Total assets | 33,941,000 | 25,270,000 | 33,941,000 | 25,270,000 | ||||||||||||
Current liabilities | 4,238,000 | 4,238,000 | ||||||||||||||
Total liabilities | 4,238,000 | 4,238,000 | ||||||||||||||
Stockholders' equity (deficit) | 29,703,000 | 25,270,000 | 29,703,000 | 25,270,000 | ||||||||||||
Liabilities and stockholders' equity | 33,941,000 | 25,270,000 | 33,941,000 | 25,270,000 | ||||||||||||
Operating Results: | ||||||||||||||||
Revenues | 42,102,000 | |||||||||||||||
Operating costs and expenses | 37,669,000 | |||||||||||||||
Net earnings (loss) | 4,433,000 | |||||||||||||||
Equity in Loss | ||||||||||||||||
Equity in (earnings) losses of non-consolidated entities | -1,470,000 | |||||||||||||||
Advertising (Revenue) | ||||||||||||||||
Gross exhibition cost on Fathom Events programming | 6,898,000 | |||||||||||||||
AC JV, LLC | Founding Members | ||||||||||||||||
Investments | ||||||||||||||||
Interest in non-consolidated affiliates (as a percent) | 32.00% | |||||||||||||||
AC JV, LLC | Founding Members | 5% Promissory Note payable to NCM due 2019 | ||||||||||||||||
Investments | ||||||||||||||||
Consideration received for spin-off | 25,000,000 | |||||||||||||||
Consideration received for spin-off from each founder member | 8,333,000 | |||||||||||||||
Stated interest rate (as a percent) | 5.00% | |||||||||||||||
Number of equal installments of interest and principal payments due | 6 | |||||||||||||||
Advertising (Revenue) | ||||||||||||||||
Number of founding members | 3 | |||||||||||||||
Aggregate principal amount | 8,333,000 | |||||||||||||||
U.S. theatres and IMAX screen | ||||||||||||||||
Investments | ||||||||||||||||
Interest in non-consolidated affiliates (as a percent) | 50.00% | 50.00% | ||||||||||||||
Number of U.S. theatres | 2 | |||||||||||||||
Number of IMAX screens | 1 | |||||||||||||||
DCIP | ||||||||||||||||
Investments | ||||||||||||||||
Interest in non-consolidated affiliates (as a percent) | 29.00% | 29.00% | ||||||||||||||
The company's recorded investment | 62,236,000 | 45,831,000 | 62,236,000 | 45,831,000 | ||||||||||||
The Company's recorded equity in earnings (losses) | 4,436,000 | 20,929,000 | 18,660,000 | |||||||||||||
Amounts due from affiliate | 1,048,000 | 663,000 | 1,048,000 | 663,000 | ||||||||||||
Term for payment of equipment rent, including scheduled escalations | 12 years | |||||||||||||||
Deferred rent liability for digital projectors | 9,031,000 | 7,747,000 | 9,031,000 | 7,747,000 | ||||||||||||
Digital equipment rental expense (continuing operations) | 3,338,000 | 6,639,000 | 11,077,000 | |||||||||||||
Financial Condition: | ||||||||||||||||
Current assets | 53,229,000 | 140,353,000 | 53,229,000 | 140,353,000 | ||||||||||||
Noncurrent assets | 1,044,417,000 | 1,124,517,000 | 1,044,417,000 | 1,124,517,000 | ||||||||||||
Total assets | 1,097,646,000 | 1,264,870,000 | 1,097,646,000 | 1,264,870,000 | ||||||||||||
Current liabilities | 24,036,000 | 34,919,000 | 24,036,000 | 34,919,000 | ||||||||||||
Noncurrent liabilities | 821,282,000 | 1,028,191,000 | 821,282,000 | 1,028,191,000 | ||||||||||||
Total liabilities | 845,318,000 | 1,063,110,000 | 845,318,000 | 1,063,110,000 | ||||||||||||
Stockholders' equity (deficit) | 252,328,000 | 201,760,000 | 252,328,000 | 201,760,000 | ||||||||||||
Liabilities and stockholders' equity | 1,097,646,000 | 1,264,870,000 | 1,097,646,000 | 1,264,870,000 | ||||||||||||
Operating Results: | ||||||||||||||||
Revenues | 56,851,000 | 170,724,000 | 182,659,000 | |||||||||||||
Operating costs and expenses | 43,052,000 | 109,430,000 | 133,700,000 | |||||||||||||
Net earnings (loss) | 13,799,000 | 61,294,000 | 48,959,000 | |||||||||||||
Equity in Loss | ||||||||||||||||
Equity in (earnings) losses of non-consolidated entities | -4,436,000 | -20,929,000 | -18,660,000 | |||||||||||||
DCIP | Forecast member | ||||||||||||||||
Investments | ||||||||||||||||
Capital contributions for projector and installation costs in excess of the cap per system for digital conversations | 68,000 | |||||||||||||||
Capital contributions for projector and installation costs in excess of the cap per system for new build locations | 41,500 | |||||||||||||||
DCIP | Predecessor | ||||||||||||||||
Investments | ||||||||||||||||
The Company's recorded equity in earnings (losses) | 4,941,000 | |||||||||||||||
Digital equipment rental expense (continuing operations) | 3,624,000 | |||||||||||||||
Operating Results: | ||||||||||||||||
Revenues | 71,560,000 | |||||||||||||||
Operating costs and expenses | 55,378,000 | |||||||||||||||
Net earnings (loss) | 16,182,000 | |||||||||||||||
Equity in Loss | ||||||||||||||||
Equity in (earnings) losses of non-consolidated entities | -4,941,000 | |||||||||||||||
DCDC | ||||||||||||||||
Investments | ||||||||||||||||
Interest in non-consolidated affiliates (as a percent) | 15.45% | 15.45% | ||||||||||||||
Open Road Releasing, LLC, operator of ORF | ||||||||||||||||
Investments | ||||||||||||||||
Interest in non-consolidated affiliates (as a percent) | 50.00% | 50.00% | ||||||||||||||
The company's recorded investment | -9,570,000 | -1,920,000 | -9,570,000 | -1,920,000 | ||||||||||||
The Company's recorded equity in earnings (losses) | -10,691,000 | -7,650,000 | 4,861,000 | |||||||||||||
Amounts due from affiliate | 2,560,000 | 2,658,000 | 2,560,000 | 2,658,000 | ||||||||||||
Amounts due to affiliate | 709,000 | 1,959,000 | 709,000 | 1,959,000 | ||||||||||||
Gross film exhibition cost on Open Road Films | 5,500,000 | 13,300,000 | 12,700,000 | 1,550,000 | ||||||||||||
Financial Condition: | ||||||||||||||||
Current assets | 44,498,000 | 60,431,000 | 44,498,000 | 60,431,000 | ||||||||||||
Noncurrent assets | 12,260,000 | 10,341,000 | 12,260,000 | 10,341,000 | ||||||||||||
Total assets | 56,758,000 | 70,772,000 | 56,758,000 | 70,772,000 | ||||||||||||
Current liabilities | 64,080,000 | 69,530,000 | 64,080,000 | 69,530,000 | ||||||||||||
Noncurrent liabilities | 22,582,000 | 15,918,000 | 22,582,000 | 15,918,000 | ||||||||||||
Total liabilities | 86,662,000 | 85,448,000 | 86,662,000 | 85,448,000 | ||||||||||||
Stockholders' equity (deficit) | -29,904,000 | -14,676,000 | -29,904,000 | -14,676,000 | ||||||||||||
Liabilities and stockholders' equity | 56,758,000 | 70,772,000 | 56,758,000 | 70,772,000 | ||||||||||||
Operating Results: | ||||||||||||||||
Revenues | 39,701,000 | 175,374,000 | 140,350,000 | |||||||||||||
Operating costs and expenses | 61,083,000 | 190,602,000 | 130,628,000 | |||||||||||||
Net earnings (loss) | -21,382,000 | -15,228,000 | 9,722,000 | |||||||||||||
Equity in Loss | ||||||||||||||||
Equity in (earnings) losses of non-consolidated entities | 10,691,000 | 7,650,000 | -4,861,000 | |||||||||||||
Advertising (Revenue) | ||||||||||||||||
Capital commitment | 10,000,000 | 10,000,000 | ||||||||||||||
Open Road Releasing, LLC, operator of ORF | Predecessor | ||||||||||||||||
Investments | ||||||||||||||||
The Company's recorded equity in earnings (losses) | -6,416,000 | |||||||||||||||
Operating Results: | ||||||||||||||||
Revenues | 42,563,000 | |||||||||||||||
Operating costs and expenses | 55,395,000 | |||||||||||||||
Net earnings (loss) | -12,832,000 | |||||||||||||||
Equity in Loss | ||||||||||||||||
Equity in (earnings) losses of non-consolidated entities | 6,416,000 | |||||||||||||||
Other | ||||||||||||||||
Investments | ||||||||||||||||
The company's recorded investment | 7,680,000 | 6,807,000 | 7,680,000 | 6,807,000 | ||||||||||||
The Company's recorded equity in earnings (losses) | -496,000 | 555,000 | 718,000 | |||||||||||||
Financial Condition: | ||||||||||||||||
Current assets | 11,649,000 | 14,069,000 | 11,649,000 | 14,069,000 | ||||||||||||
Noncurrent assets | 25,296,000 | 24,281,000 | 25,296,000 | 24,281,000 | ||||||||||||
Total assets | 36,945,000 | 38,350,000 | 36,945,000 | 38,350,000 | ||||||||||||
Current liabilities | 3,538,000 | 6,301,000 | 3,538,000 | 6,301,000 | ||||||||||||
Total liabilities | 3,538,000 | 6,301,000 | 3,538,000 | 6,301,000 | ||||||||||||
Stockholders' equity (deficit) | 33,407,000 | 32,049,000 | 33,407,000 | 32,049,000 | ||||||||||||
Liabilities and stockholders' equity | 36,945,000 | 38,350,000 | 36,945,000 | 38,350,000 | ||||||||||||
Operating Results: | ||||||||||||||||
Revenues | 9,128,000 | 26,887,000 | 18,517,000 | |||||||||||||
Operating costs and expenses | 11,088,000 | 26,072,000 | 18,546,000 | |||||||||||||
Net earnings (loss) | -1,960,000 | 815,000 | -29,000 | |||||||||||||
Equity in Loss | ||||||||||||||||
Equity in (earnings) losses of non-consolidated entities | 496,000 | -555,000 | -718,000 | |||||||||||||
Other | Predecessor | ||||||||||||||||
Investments | ||||||||||||||||
The Company's recorded equity in earnings (losses) | 1,547,000 | |||||||||||||||
Operating Results: | ||||||||||||||||
Revenues | 14,680,000 | |||||||||||||||
Operating costs and expenses | 14,820,000 | |||||||||||||||
Net earnings (loss) | -140,000 | |||||||||||||||
Equity in Loss | ||||||||||||||||
Equity in (earnings) losses of non-consolidated entities | ($1,547,000) | |||||||||||||||
Maximum | Investments in non-consolidated affiliates and certain other investments accounted for following the equity method | ||||||||||||||||
Investments | ||||||||||||||||
Interest in non-consolidated affiliates (as a percent) | 50.00% | 50.00% | ||||||||||||||
Minimum | NCM | Founding Members | ||||||||||||||||
Investments | ||||||||||||||||
Percentage change in the total annual attendance of all the founding members required to cause an earlier common unit adjustment | 2.00% | 2.00% |
SUPPLEMENTAL_BALANCE_SHEET_INF2
SUPPLEMENTAL BALANCE SHEET INFORMATION (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Other current assets: | ||
Prepaid rent | $39,021 | $37,839 |
Income taxes receivable | 3,029 | 3,871 |
Prepaid insurance and other | 16,512 | 18,578 |
Merchandise inventory | 10,516 | 10,645 |
Other | 15,265 | 9,891 |
Other current assets, total | 84,343 | 80,824 |
Other long-term assets: | ||
Investments in real estate | 11,300 | 10,733 |
Deferred financing costs | 13,129 | 7,841 |
Investments in equity method investees | 332,440 | 327,910 |
Computer software | 38,619 | 39,237 |
Investment in RealD Inc. common stock | 14,429 | 10,442 |
Other | 7,687 | 6,341 |
Other long-term assets, total | 417,604 | 402,504 |
Accrued expenses and other liabilities: | ||
Taxes other than income | 47,988 | 46,251 |
Interest | 13,649 | 9,783 |
Payroll and vacation | 10,901 | 21,697 |
Current portion of casualty claims and premiums | 9,211 | 10,030 |
Accrued bonus | 16,771 | 36,916 |
Theatre and other closure | 7,709 | 6,405 |
Accrued licensing and percentage rent | 14,399 | 19,241 |
Current portion of pension and other benefits liabilities | 781 | 766 |
Other | 14,853 | 19,831 |
Accrued expenses and other liabilities, total | 136,262 | 170,920 |
Other long-term liabilities: | ||
Unfavorable lease obligations | 165,073 | 194,233 |
Deferred rent | 120,184 | 55,272 |
Pension and other benefits | 48,436 | 30,177 |
RealD deferred lease incentive | 16,047 | 18,635 |
Casualty claims and premiums | 10,327 | 9,525 |
Theatre and other closure | 45,126 | 48,758 |
Other | 14,524 | 14,346 |
Other long-term liabilities, total | $419,717 | $370,946 |
CORPORATE_BORROWINGS_AND_CAPIT2
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Feb. 07, 2014 | |
CORPORATE BORROWINGS | |||
Corporate borrowings and capital and financing lease obligations | 1,900,263,000 | $2,195,010,000 | |
Less: current maturities | -23,598,000 | -16,080,000 | |
Corporate borrowings and capital and financing lease obligations, non-current | 1,876,665,000 | 2,178,930,000 | |
Unamortized premium and discounts | 47,623,000 | ||
Senior Secured Credit Facility-Term Loan due 2020 | |||
CORPORATE BORROWINGS | |||
Corporate borrowings and capital and financing lease obligations | 760,018,000 | 767,502,000 | |
Interest rate for borrowings | 3.50% | ||
5% Promissory Note payable to NCM due 2019 | |||
CORPORATE BORROWINGS | |||
Corporate borrowings and capital and financing lease obligations | 6,944,000 | 8,333,000 | |
Stated interest rate (as a percent) | 5.00% | ||
8.75% Senior Fixed Rate Notes due 2019 | |||
CORPORATE BORROWINGS | |||
Corporate borrowings and capital and financing lease obligations | 647,666,000 | ||
Stated interest rate (as a percent) | 8.75% | ||
9.75% Senior Subordinated Notes due 2020 | |||
CORPORATE BORROWINGS | |||
Corporate borrowings and capital and financing lease obligations | 649,043,000 | 655,310,000 | |
Stated interest rate (as a percent) | 9.75% | ||
5.875% Senior Subordinated Notes due 2022 | |||
CORPORATE BORROWINGS | |||
Corporate borrowings and capital and financing lease obligations | 375,000,000 | ||
Stated interest rate (as a percent) | 5.88% | ||
Capital and financing lease obligations | |||
CORPORATE BORROWINGS | |||
Corporate borrowings and capital and financing lease obligations | 109,258,000 | $116,199,000 | |
Capital and financing lease obligations | Minimum | |||
CORPORATE BORROWINGS | |||
Interest rate (as a percent) | 8.25% | ||
Capital and financing lease obligations | Maximum | |||
CORPORATE BORROWINGS | |||
Interest rate (as a percent) | 11.50% | ||
AMCE | 5.875% Senior Subordinated Notes due 2022 | |||
CORPORATE BORROWINGS | |||
Stated interest rate (as a percent) | 5.88% |
CORPORATE_BORROWINGS_AND_CAPIT3
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS (Details 2) (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Capital and Financing Lease Obligations, Minimum Lease Payments | |
2015 | $16,933 |
2016 | 16,943 |
2017 | 16,951 |
2018 | 17,112 |
2019 | 15,530 |
Thereafter | 81,042 |
Total | 164,511 |
Capital and Financing Lease Obligations, Less Interest | |
2015 | 9,207 |
2016 | 8,474 |
2017 | 7,671 |
2018 | 6,782 |
2019 | 5,852 |
Thereafter | 17,267 |
Total | 55,253 |
Capital and Financing Lease Obligations, Principal | |
2015 | 7,726 |
2016 | 8,469 |
2017 | 9,280 |
2018 | 10,330 |
2019 | 9,678 |
Thereafter | 63,775 |
Total | 109,258 |
Principal Amount of Corporate Borrowings | |
2015 | 15,914 |
2016 | 16,473 |
2017 | 17,067 |
2018 | 17,713 |
2019 | 18,407 |
Thereafter | 1,706,849 |
Total | 1,792,423 |
Future maturities of corporate borrowings and capital and financing leases | |
2015 | 23,640 |
2016 | 24,942 |
2017 | 26,347 |
2018 | 28,043 |
2019 | 28,085 |
Thereafter | 1,770,624 |
Total | $1,901,681 |
CORPORATE_BORROWINGS_AND_CAPIT4
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS (Details 3) (USD $) | 12 Months Ended | 0 Months Ended | ||||
Dec. 31, 2014 | Jul. 02, 2012 | Apr. 30, 2013 | Jul. 02, 2012 | Feb. 22, 2012 | Dec. 15, 2010 | |
Corporate borrowings and capital and financing lease obligations | ||||||
(Gain) loss on extinguishment and modification of debt | ($8,544,000) | |||||
Fourth Amendment | Predecessor | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Consent fee payable as a percentage of principal amount | 0.25% | |||||
Consent fees reflected in purchase accounting adjustments | 2,256,000 | |||||
Senior Secured Credit Facility | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Maximum borrowing capacity | 925,000,000 | |||||
(Gain) loss on extinguishment and modification of debt | -130,000 | |||||
Maximum senior secured leverage ratio | 3.25 | |||||
Principal amount of guarantor or any significant subsidiary considered for defaults under other indebtedness, minimum | 25,000,000 | |||||
Number of uninsured judgments against the entity, any guarantor, or any significant subsidiary for specified principal amount considered as events of default, minimum | 1 | |||||
Principal amount for which uninsured judgements against the entity, any guarantor, or any significant subsidiary considered as events of default | 25,000,000 | |||||
Stay of enforcement period | 60 days | |||||
Senior Secured Credit Facility | Base rate | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Variable rate basis | Base rate | |||||
Reference rate (as a percent) | 1.75% | |||||
Senior Secured Credit Facility | LIBOR | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Variable rate basis | LIBOR | |||||
Reference rate (as a percent) | 0.75% | |||||
Revolving credit facility due in 2018 | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Maximum borrowing capacity | 150,000,000 | |||||
Capitalized deferred financing costs | 6,909,000 | |||||
Borrowings outstanding under the Revolving Credit Facility | 0 | |||||
Available borrowing capacity | 136,798,000 | |||||
Unused commitment fee (as a percent) | 0.50% | |||||
Fee on undrawn amount of the letter of credit (as a percent) | 0.25% | |||||
Revolving credit facility due in 2018 | Base rate | Minimum | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Spread on variable rate basis (as a percent) | 1.25% | |||||
Revolving credit facility due in 2018 | Base rate | Maximum | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Spread on variable rate basis (as a percent) | 1.50% | |||||
Revolving credit facility due in 2018 | LIBOR | Minimum | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Spread on variable rate basis (as a percent) | 2.25% | |||||
Revolving credit facility due in 2018 | LIBOR | Maximum | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Spread on variable rate basis (as a percent) | 2.50% | |||||
Term loan facility due 2013 | Third Amendment | Predecessor | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Aggregate principal amount | 142,528,000 | |||||
Revolving credit facility | Third Amendment | Predecessor | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Maximum borrowing capacity | 192,500,000 | |||||
Revolving credit facility | Fourth Amendment | Predecessor | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Consent fees reflected in purchase accounting adjustments | 438,000 | |||||
Credit Facility term loans due 2016 | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Outstanding aggregate principal balance | 464,088,000 | |||||
Interest rate for borrowings (as a percent) | 4.25% | |||||
Variable rate basis | LIBOR | |||||
Spread on variable rate basis (as a percent) | 3.25% | |||||
Credit Facility term loans due 2016 | Third Amendment | Predecessor | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Aggregate principal amount | 476,597,000 | |||||
Credit Facility term loans due 2016 | Fourth Amendment | Predecessor | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Variable rate basis | LIBOR | |||||
Consent fees reflected in purchase accounting adjustments | 1,108,000 | |||||
Credit Facility term loans due 2016 | LIBOR | Minimum | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Spread on variable rate basis (as a percent) | 1.00% | |||||
Credit Facility term loans due 2016 | LIBOR | Fourth Amendment | Predecessor | Minimum | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Reference rate (as a percent) | 1.00% | |||||
Credit Facility term loans due 2018 | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Outstanding aggregate principal balance | 296,250,000 | |||||
Interest rate for borrowings (as a percent) | 4.75% | |||||
Spread on variable rate basis (as a percent) | 3.75% | |||||
Credit Facility term loans due 2018 | Incremental Amendment | Predecessor | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Aggregate principal amount | 300,000,000 | |||||
Net proceeds received from issuance of debt | 297,000,000 | |||||
Discount on issuance of credit facility (as a percent) | 1.00% | |||||
Required annual repayments of principal (as a percent) | 1.00% | |||||
Annual repayments of debt | 3,000,000 | |||||
Credit Facility term loans due 2018 | Fourth Amendment | Predecessor | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Variable rate basis | LIBOR | |||||
Spread on variable rate basis (as a percent) | 3.75% | |||||
Consent fees reflected in purchase accounting adjustments | 710,000 | |||||
Credit Facility term loans due 2018 | LIBOR | Minimum | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Spread on variable rate basis (as a percent) | 1.00% | |||||
Credit Facility term loans due in 2020 | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Maximum borrowing capacity | 775,000,000 | |||||
Annual repayments of debt | 7,750,000 | |||||
Capitalized deferred financing costs | 2,217,000 | |||||
Outstanding aggregate principal balance | 761,438,000 | |||||
Interest rate for borrowings (as a percent) | 3.50% | |||||
Spread on variable rate basis (as a percent) | 2.75% | |||||
Required quarterly repayments of principal (as a percent) | 0.25% | |||||
Principal repayments per quarter | 1,937,500 | |||||
Discount percentage on issuance of term loan | 0.25% | |||||
Credit Facility term loans due in 2020 | Base rate | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Spread on variable rate basis (as a percent) | 1.75% | |||||
Credit Facility term loans due in 2020 | LIBOR | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Spread on variable rate basis (as a percent) | 2.75% | |||||
Credit Facility term loans due in 2020 | LIBOR | Minimum | ||||||
Corporate borrowings and capital and financing lease obligations | ||||||
Reference rate (as a percent) | 0.75% |
CORPORATE_BORROWINGS_AND_CAPIT5
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS (Details 4) (USD $) | 4 Months Ended | 12 Months Ended | 5 Months Ended | 0 Months Ended | ||||||||
Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | Aug. 30, 2012 | Feb. 07, 2014 | Jan. 15, 2014 | Jun. 01, 2014 | Dec. 15, 2010 | Feb. 14, 2014 | Jan. 29, 2014 | Jun. 09, 2009 | |
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Gain on extinguishment related to the cash tender offer | $8,544,000 | |||||||||||
Amortization of discount (premium) on corporate borrowings | -3,219,000 | 832,000 | -12,687,000 | |||||||||
Unamortized premium | 47,623,000 | |||||||||||
Predecessor | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Amortization of discount (premium) on corporate borrowings | 967,000 | |||||||||||
Notes due 2020 | Predecessor | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Aggregate principal amount outstanding | 600,000,000 | |||||||||||
Stated interest rate (as a percent) | 9.75% | |||||||||||
Unamortized premium | 63,000,000 | 63,000,000 | ||||||||||
Notes due 2020 | Additional debt that could be incurred under financial covenants after giving effect to the event on a pro forma basis | AMCE | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Loan Amount and Dividends That Could be Made | 713,526,000 | |||||||||||
Notes due 2020 | Redemption period on or after December 1, 2015 | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Redemption price of debt instrument (as a percent) | 104.88% | |||||||||||
Notes due 2020 | Redemption period on or after December 1, 2018 | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Redemption price of debt instrument (as a percent) | 100.00% | |||||||||||
Notes | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Stated interest rate (as a percent) | 6.25% | |||||||||||
Maximum borrowing capacity | 1,976,500,000 | |||||||||||
Notes | Predecessor | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Consent fee payable as a percentage of principal amount | 0.25% | |||||||||||
Consent fees reflected in purchase accounting adjustments | 2,376,000 | |||||||||||
5% Promissory Note payable to NCM due 2019 | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Stated interest rate (as a percent) | 5.00% | |||||||||||
8.75% Senior Fixed Rate Notes due 2019 | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Stated interest rate (as a percent) | 8.75% | |||||||||||
8.75% Senior Fixed Rate Notes due 2019 | AMCE | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Redemption price of debt instrument (as a percent) | 77.33% | |||||||||||
Aggregate principal amount for which holders tendered | 463,950,000 | 14,000 | ||||||||||
Aggregate principal amount for which tendered offer was accepted for purchase | 463,950,000 | |||||||||||
Additional aggregate principal amount for which tendered offer accepted for purchase | 14,000 | |||||||||||
Purchase amount of Notes tendered | 1,038.75 | 1,038.75 | 1,038.75 | |||||||||
Consent fee payable as a percentage of principal amount | 30.00% | 30.00% | ||||||||||
8.75% Senior Fixed Rate Notes due 2019 | Predecessor | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Aggregate principal amount outstanding | 600,000,000 | |||||||||||
Stated interest rate (as a percent) | 8.75% | |||||||||||
Unamortized premium | 57,000,000 | 57,000,000 | ||||||||||
8.75% Senior Fixed Rate Notes due 2019 | Redemption period on or after June 1, 2014 | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Redemption price of debt instrument (as a percent) | 104.38% | |||||||||||
8.75% Senior Fixed Rate Notes due 2019 | Redemption period on or after June 1, 2017 | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Redemption price of debt instrument (as a percent) | 100.00% | |||||||||||
Debt instrument redemption price as a percentage of principal amount | 104.38% | |||||||||||
Gain on extinguishment related to the cash tender offer | 8,544,000 | |||||||||||
Other expenses | 158,000 | |||||||||||
Aggregate principal amount of debt redeemed | 136,036,000 | |||||||||||
5.875% Senior Subordinated Notes due 2022 | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Stated interest rate (as a percent) | 5.88% | |||||||||||
5.875% Senior Subordinated Notes due 2022 | AMCE | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Aggregate principal amount outstanding | $375,000,000 | |||||||||||
Stated interest rate (as a percent) | 5.88% | |||||||||||
5.875% Senior Subordinated Notes due 2022 | Redemption period on or after February 15, 2017 | AMCE | ||||||||||||
Corporate borrowings and capital and financing lease obligations | ||||||||||||
Redemption price of debt instrument (as a percent) | 100.00% | 104.41% |
STOCKHOLDERS_EQUITY_Details
STOCKHOLDERS' EQUITY (Details) (USD $) | 4 Months Ended | 5 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | |||||||||||||
Dec. 31, 2012 | Aug. 30, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Jan. 02, 2014 | Jan. 05, 2015 | Mar. 06, 2015 | Mar. 31, 2015 | Jun. 25, 2014 | Jun. 25, 2014 | 12-May-14 | 12-May-14 | Dec. 31, 2015 | Dec. 17, 2014 | Oct. 22, 2014 | Dec. 17, 2013 | Dec. 31, 2013 | Dec. 17, 2013 | Oct. 27, 2014 | Jul. 29, 2014 | Apr. 25, 2014 | Sep. 15, 2014 | Dec. 23, 2013 | |
item | item | ||||||||||||||||||||||
Dividends | |||||||||||||||||||||||
Dividends Payable, Amount Per Share | $0.60 | $0.20 | $0.20 | $0.20 | |||||||||||||||||||
Dividends paid (in dollars) | $58,504,000 | ||||||||||||||||||||||
Increase in additional paid in capital for recognition of deferred tax assets | 27,000,000 | ||||||||||||||||||||||
Accrued unpaid dividends | 225,000,000 | ||||||||||||||||||||||
Amount received by certain members of management for tendering common stock to Holdings | 92,000 | ||||||||||||||||||||||
Historical cost of shares rendered to Holdings by certain members of management | 43,000 | ||||||||||||||||||||||
Decrease in temporary equity | 43,000 | ||||||||||||||||||||||
Increase to additional paid-in capital related to stock based compensation | 43,000 | ||||||||||||||||||||||
Treasury Stock | |||||||||||||||||||||||
Number of treasury shares purchased | 4,085 | ||||||||||||||||||||||
Fair value of treasury shares purchased | 49,000 | 246,000 | |||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock-based compensation expense included in general and administrative expenses | 0 | 11,293,000 | 12,000,000 | ||||||||||||||||||||
Stock based compensation | 11,293,000 | 6,483,000 | |||||||||||||||||||||
Increase in authorized capital expenditures to accelerate delpoyment of certain customer experience enhancing strategic initiatives | 38,800,000 | ||||||||||||||||||||||
Restricted stock unit granted (in shares) | 494,980 | ||||||||||||||||||||||
Payments received by holders | 7,035,000 | ||||||||||||||||||||||
Service condition term | 1 year | ||||||||||||||||||||||
Shares of RSU and PSU | |||||||||||||||||||||||
Granted (in shares) | 494,980 | ||||||||||||||||||||||
Vested (in shares) | -493,971 | ||||||||||||||||||||||
Forfeited (in shares) | -1,009 | ||||||||||||||||||||||
Weighted Average Grant Date Fair Value | |||||||||||||||||||||||
Granted (in dollars per share) | $22.40 | ||||||||||||||||||||||
Vested (in dollars per share) | $22.41 | ||||||||||||||||||||||
Forfeited (in dollars per share) | $20.18 | ||||||||||||||||||||||
Treasury Stock | |||||||||||||||||||||||
Treasury Stock | |||||||||||||||||||||||
Fair value of treasury shares purchased | 92,000 | 588,000 | |||||||||||||||||||||
Additional Paid-in Capital | |||||||||||||||||||||||
Treasury Stock | |||||||||||||||||||||||
Fair value of treasury shares purchased | -43,000 | -342,000 | |||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock based compensation | 11,293,000 | 6,480,000 | |||||||||||||||||||||
AMCE | |||||||||||||||||||||||
Dividends | |||||||||||||||||||||||
Dividends paid (in dollars) | 588,000 | ||||||||||||||||||||||
AMCH | |||||||||||||||||||||||
Dividends | |||||||||||||||||||||||
Accrued unpaid dividends | -58,702,000 | ||||||||||||||||||||||
Treasury Stock | |||||||||||||||||||||||
Fair value of treasury shares purchased | -49,000 | -246,000 | |||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock based compensation | 6,483,000 | ||||||||||||||||||||||
AMCH | Treasury Stock | |||||||||||||||||||||||
Treasury Stock | |||||||||||||||||||||||
Fair value of treasury shares purchased | -92,000 | -588,000 | |||||||||||||||||||||
AMCH | Additional Paid-in Capital | |||||||||||||||||||||||
Dividends | |||||||||||||||||||||||
Accrued unpaid dividends | 27,000 | ||||||||||||||||||||||
Treasury Stock | |||||||||||||||||||||||
Fair value of treasury shares purchased | 43,000 | 342,000 | |||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock based compensation | 6,480,000 | ||||||||||||||||||||||
Predecessor | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock-based compensation expense included in general and administrative expenses | 830,000 | ||||||||||||||||||||||
Stock based compensation | 830,000 | ||||||||||||||||||||||
Predecessor | Additional Paid-in Capital | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock based compensation | 830,000 | ||||||||||||||||||||||
Predecessor | Equity Issued in Business Combination [Member] | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock-based compensation expense included in general and administrative expenses | 3,858,000 | ||||||||||||||||||||||
Total estimated unrecognized compensation cost related to nonvested stock-based compensation arrangements | 3,177,000 | ||||||||||||||||||||||
Board of Director | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Number of Board of Directors to whom common stock was granted | 2 | ||||||||||||||||||||||
Board of Director | Subsequent Events | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Number of Board of Directors to whom common stock was granted | 4 | ||||||||||||||||||||||
Executive officers | Restricted stock unit | Subsequent Events | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Restricted stock unit granted (in shares) | 58,749 | ||||||||||||||||||||||
Shares of RSU and PSU | |||||||||||||||||||||||
Granted (in shares) | 58,749 | ||||||||||||||||||||||
Executive officers | Restricted stock unit | Forecast member | Subsequent Events | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock-based compensation expense included in general and administrative expenses | 1,995,000 | ||||||||||||||||||||||
2013 Equity Incentive Plan | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Fair value of stock at grant date (in dollars per share) | 20.18 | $24.44 | $21.61 | ||||||||||||||||||||
Price per share (in dollars per share) | 20.18 | $24.44 | $24.44 | $21.61 | $21.61 | 25.4 | 22.44 | $24.60 | |||||||||||||||
Restricted stock unit granted (in shares) | 1,655 | 1,655 | 1,819 | 1,819 | |||||||||||||||||||
Shares of RSU and PSU | |||||||||||||||||||||||
Granted (in shares) | 1,655 | 1,655 | 1,819 | 1,819 | |||||||||||||||||||
2013 Equity Incentive Plan | Stock options | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Number of shares authorized | 9,474,000 | ||||||||||||||||||||||
Number of shares remaining available for grant | 8,608,822 | 8,608,822 | |||||||||||||||||||||
2013 Equity Incentive Plan | Board of Director | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Price per share (in dollars per share) | 24.97 | 33.96 | |||||||||||||||||||||
2013 Equity Incentive Plan | Board of Director | Stock options | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock-based compensation expense included in general and administrative expenses | 226,000 | ||||||||||||||||||||||
Shares granted | 10,004 | ||||||||||||||||||||||
2013 Equity Incentive Plan | Board of Director | Stock options | Subsequent Events | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Shares granted | 15,312 | ||||||||||||||||||||||
2013 Equity Incentive Plan | Board of Director | Stock options | Forecast member | Subsequent Events | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock-based compensation expense included in general and administrative expenses | 382,000 | ||||||||||||||||||||||
2013 Equity Incentive Plan | Members of managment and executive officers | Performance Vesting | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Restricted stock unit granted (in shares) | 143,398 | ||||||||||||||||||||||
Percentage of performance target | 100.00% | ||||||||||||||||||||||
Shares of RSU and PSU | |||||||||||||||||||||||
Granted (in shares) | 143,398 | ||||||||||||||||||||||
2013 Equity Incentive Plan | Members of managment and executive officers | Restricted stock unit | Performance Vesting | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock-based compensation expense included in general and administrative expenses | 6,063,000 | 4,820,000 | |||||||||||||||||||||
Percentage of performance target | 100.00% | ||||||||||||||||||||||
2013 Equity Incentive Plan | Members of management | Performance Vesting | Minimum | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Percentage of performance target | 80.00% | 80.00% | |||||||||||||||||||||
2013 Equity Incentive Plan | Members of management | Performance Vesting | Maximum | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Percentage of performance target | 120.00% | 120.00% | |||||||||||||||||||||
2013 Equity Incentive Plan | Members of management | Restricted stock unit | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock-based compensation expense included in general and administrative expenses | 2,408,000 | 2,875,000 | |||||||||||||||||||||
Restricted stock unit granted (in shares) | 115,375 | 84,649 | |||||||||||||||||||||
Number of days form the termination of service for settlement of fully vested RSU | 60 days | ||||||||||||||||||||||
Shares of RSU and PSU | |||||||||||||||||||||||
Granted (in shares) | 115,375 | 84,649 | |||||||||||||||||||||
2013 Equity Incentive Plan | Members of management | Restricted stock unit | Performance Vesting | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Number of days form the termination of service for settlement of fully vested RSU | 60 days | ||||||||||||||||||||||
Percentage of performance target | 100.00% | ||||||||||||||||||||||
Awards to be granted on achieving specified percentage of performance target (in shares) | 244,016 | ||||||||||||||||||||||
2013 Equity Incentive Plan | Members of management | Restricted stock unit | Performance Vesting | Minimum | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
PSUs vesting as a percentage of performance target | 80.00% | ||||||||||||||||||||||
2013 Equity Incentive Plan | Members of management | Restricted stock unit | Performance Vesting | Maximum | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
PSUs vesting as a percentage of performance target | 120.00% | ||||||||||||||||||||||
2013 Equity Incentive Plan | Members of management | Restricted stock unit | Performance Vesting | 30% | Minimum | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Percentage of performance target | 30.00% | ||||||||||||||||||||||
2013 Equity Incentive Plan | Members of management | Restricted stock unit | Performance Vesting | 150% | Maximum | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Percentage of performance target | 150.00% | ||||||||||||||||||||||
2013 Equity Incentive Plan | Executive officers | Restricted stock unit | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock-based compensation expense included in general and administrative expenses | 2,596,000 | ||||||||||||||||||||||
Restricted stock unit granted (in shares) | 128,641 | ||||||||||||||||||||||
Shares of RSU and PSU | |||||||||||||||||||||||
Granted (in shares) | 128,641 | ||||||||||||||||||||||
Class A common stock | |||||||||||||||||||||||
STOCKHOLDERS' EQUITY | |||||||||||||||||||||||
Tax withholding obligation satisfied by tender of shares | 588,000 | 588,000 | |||||||||||||||||||||
Common Stock Rights and Privileges | |||||||||||||||||||||||
Number of shares to be issued on automatic conversion of each common stock | 1 | ||||||||||||||||||||||
Dividends | |||||||||||||||||||||||
Dividends paid (in dollars) | 12,937,000 | ||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock based compensation | 3,000 | ||||||||||||||||||||||
Shares granted | 167 | 864 | |||||||||||||||||||||
Class A common stock | AMCH | IPO | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Price per share (in dollars per share) | $18 | ||||||||||||||||||||||
Class A common stock | 2013 Equity Incentive Plan | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Number of shares that will be received under each RSU | 1 | ||||||||||||||||||||||
Class A common stock | 2013 Equity Incentive Plan | Stock options | IPO | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Shares granted | 666,675 | ||||||||||||||||||||||
Share issued to employees | 360,172 | ||||||||||||||||||||||
Shares withheld and cancelled | 306,503 | ||||||||||||||||||||||
Fair value of stock at grant date (in dollars per share) | $18 | ||||||||||||||||||||||
Class A common stock | 2013 Equity Incentive Plan | Board of Director | Stock options | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Shares granted | 5,002 | ||||||||||||||||||||||
Class A common stock | 2013 Equity Incentive Plan | Board of Director | Stock options | Subsequent Events | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Shares granted | 3,828 | ||||||||||||||||||||||
Class B common stock | |||||||||||||||||||||||
Common Stock Rights and Privileges | |||||||||||||||||||||||
Number of shares to be issued on conversion of each common stock at option of holder | 1 | ||||||||||||||||||||||
Dividends | |||||||||||||||||||||||
Dividends paid (in dollars) | 45,496,000 | ||||||||||||||||||||||
Dividend equivalents | |||||||||||||||||||||||
Dividends | |||||||||||||||||||||||
Dividends paid (in dollars) | 71,000 | ||||||||||||||||||||||
Holdings | |||||||||||||||||||||||
Equity disclosures | |||||||||||||||||||||||
Stock-based compensation expense included in general and administrative expenses | 12,000,000 | ||||||||||||||||||||||
Holdings | Class A common stock | |||||||||||||||||||||||
Common Stock Rights and Privileges | |||||||||||||||||||||||
Stock split conversion ratio | 49.514 | ||||||||||||||||||||||
Number of votes per share | 1 | ||||||||||||||||||||||
Holdings | Class N common stock | |||||||||||||||||||||||
Common Stock Rights and Privileges | |||||||||||||||||||||||
Stock split conversion ratio | 49.514 | ||||||||||||||||||||||
Holdings | Class B common stock | |||||||||||||||||||||||
Common Stock Rights and Privileges | |||||||||||||||||||||||
Number of votes per share | 3 | ||||||||||||||||||||||
Wanda | |||||||||||||||||||||||
STOCKHOLDERS' EQUITY | |||||||||||||||||||||||
Capital contribution from Wanda | 100,000,000 | ||||||||||||||||||||||
Dividends | |||||||||||||||||||||||
Receivable due from related party | $156,000,000 |
INCOME_TAXES_Details
INCOME TAXES (Details) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | ||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | |
Current: | ||||||||||||
State | $480,000 | $1,250,000 | $4,045,000 | |||||||||
Total current | 480,000 | 1,250,000 | 4,045,000 | |||||||||
Deferred: | ||||||||||||
Federal | 3,020,000 | 43,869,000 | -229,778,000 | |||||||||
State | -11,439,000 | -36,820,000 | ||||||||||
Deferred income taxes | 3,020,000 | 32,430,000 | -266,598,000 | |||||||||
Total provision (benefit) | 3,500,000 | 33,680,000 | -262,553,000 | |||||||||
Tax provision from discontinued operations | 210,000 | 830,000 | ||||||||||
Income tax provision (benefit) | 11,770,000 | 4,710,000 | 20,090,000 | -3,100,000 | -274,243,000 | 3,430,000 | 4,330,000 | 3,100,000 | 3,500,000 | 33,470,000 | -263,383,000 | |
Alternative minimum taxes recorded | 0 | |||||||||||
Alternative minimum tax liability of the consolidated tax group | 0 | 0 | ||||||||||
Pre-tax income (losses) | ||||||||||||
Domestic | -39,294,000 | 97,303,000 | 103,526,000 | |||||||||
Foreign | 124,000 | 457,000 | -1,679,000 | |||||||||
Total | -39,170,000 | 97,760,000 | 101,847,000 | |||||||||
Predecessor | ||||||||||||
Current: | ||||||||||||
State | 3,700,000 | |||||||||||
Total current | 3,700,000 | |||||||||||
Deferred: | ||||||||||||
Total provision (benefit) | 3,700,000 | |||||||||||
Tax provision from discontinued operations | 1,200,000 | |||||||||||
Income tax provision (benefit) | 2,500,000 | |||||||||||
Pre-tax income (losses) | ||||||||||||
Domestic | 98,093,000 | |||||||||||
Foreign | 7,000 | |||||||||||
Total | $98,100,000 |
INCOME_TAXES_Details_2
INCOME TAXES (Details 2) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 |
Reconciliation of effective tax rate on earnings (loss) from continuing operations before income taxes and the U.S. federal income tax statutory rate | ||||||||||||
Income tax expense at the federal statutory rate | ($13,470) | $34,035 | $34,902 | |||||||||
Effect of: | ||||||||||||
State income taxes | -1,930 | 195 | 1,479 | |||||||||
Increase in reserve for uncertain tax positions | 1,050 | 2,193 | ||||||||||
Federal and state credits | -2,985 | -2,600 | ||||||||||
Change in net operating loss carryforward for excess tax deductions | -28,206 | |||||||||||
Permanent items | 20 | 1,485 | 537 | |||||||||
Other items | -1,100 | -6,088 | ||||||||||
Valuation allowance | 18,880 | 790 | -265,600 | |||||||||
Income tax provision (benefit) | 11,770 | 4,710 | 20,090 | -3,100 | -274,243 | 3,430 | 4,330 | 3,100 | 3,500 | 33,470 | -263,383 | |
Effective income tax rate (as a percent) | -9.10% | 34.40% | -264.10% | |||||||||
Predecessor | ||||||||||||
Reconciliation of effective tax rate on earnings (loss) from continuing operations before income taxes and the U.S. federal income tax statutory rate | ||||||||||||
Income tax expense at the federal statutory rate | 20,125 | |||||||||||
Effect of: | ||||||||||||
State income taxes | 2,500 | |||||||||||
Permanent items | 100 | |||||||||||
Valuation allowance | -20,225 | |||||||||||
Income tax provision (benefit) | $2,500 | |||||||||||
Effective income tax rate (as a percent) | 4.30% |
INCOME_TAXES_Details_3
INCOME TAXES (Details 3) (USD $) | 4 Months Ended | 12 Months Ended | 5 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 |
Assets | ||||
Accrued reserves | $31,430 | $33,156 | ||
Capital loss carryforwards | 50 | 564 | ||
Pension postretirement and deferred compensation | 33,581 | 29,290 | ||
Corporate borrowings | 19,127 | 43,839 | ||
Deferred revenue | 154,583 | 154,155 | ||
Lease liabilities | 111,250 | 97,307 | ||
Capital and financing lease obligations | 35,654 | 37,956 | ||
Alternative minimum tax and other credit carryovers | 21,802 | 19,545 | ||
Charitable contributions | 158 | |||
Net operating loss carryforward | 228,329 | 214,770 | ||
Total | 635,964 | 630,582 | ||
Less: Valuation allowance | -248,420 | -790 | ||
Total deferred income taxes | 635,174 | 630,582 | ||
Liabilities | ||||
Tangible assets | -113,456 | -102,669 | ||
Intangible assets | -101,725 | -89,761 | ||
Receivables | -5,206 | -3,513 | ||
Investments | -233,005 | -227,718 | ||
Total deferred income taxes | -453,392 | -423,661 | ||
Rollforward of the Company's valuation allowance for deferred tax assets | ||||
Balance at Beginning of Period | 232,985 | 248,420 | ||
Additions Charged (Credited) to Revenues, Costs and Expenses | 18,880 | 790 | -265,600 | |
Charged (Credited) to Goodwill | 195 | 11,088 | ||
Charged (Credited) to Other Accounts | -3,640 | 6,092 | ||
Balance at End of Period | 248,420 | 790 | ||
Predecessor | ||||
Assets | ||||
Less: Valuation allowance | -232,985 | |||
Rollforward of the Company's valuation allowance for deferred tax assets | ||||
Balance at Beginning of Period | 417,671 | |||
Additions Charged (Credited) to Revenues, Costs and Expenses | -20,225 | |||
Charged (Credited) to Goodwill | -164,461 | |||
Balance at End of Period | $232,985 |
INCOME_TAXES_Details_4
INCOME TAXES (Details 4) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Minimum | |
Income tax loss carryforward | |
Period of limitations on use | 1 year |
Maximum | |
Income tax loss carryforward | |
Period of limitations on use | 20 years |
Federal | |
Income tax loss carryforward | |
Income tax loss carryforward | 649,782,000 |
State | |
Income tax loss carryforward | |
Income tax loss carryforward | 409,654,000 |
INCOME_TAXES_Details_5
INCOME TAXES (Details 5) (USD $) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2014 | Feb. 07, 2014 | |
INCOME TAXES | |||||
Net deferred tax assets | $206,921,000 | $206,921,000 | $181,782,000 | ||
Amount of valuation allowance reversed | 265,600,000 | 265,600,000 | |||
Period of cumulative loss for emergence, as positive evidence for reversal of valuation allowance | 3 years | ||||
8.75% Senior Fixed Rate Notes due 2019 | |||||
INCOME TAXES | |||||
Interest rate of debt instrument (as a percent) | 8.75% | ||||
Percentage of outstanding notes received in tenders and consents | 77.33% | ||||
5.875% Senior Subordinated Notes due 2022 | |||||
INCOME TAXES | |||||
Interest rate of debt instrument (as a percent) | 5.88% | ||||
5.875% Senior Subordinated Notes due 2022 | AMCE | |||||
INCOME TAXES | |||||
Interest rate of debt instrument (as a percent) | 5.88% | ||||
Minimum | |||||
INCOME TAXES | |||||
Cash on hand, as positive evidence for reversal of valuation allowance | $500,000,000 | $500,000,000 |
INCOME_TAXES_Details_6
INCOME TAXES (Details 6) (USD $) | 4 Months Ended | 12 Months Ended | 5 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 |
item | ||||
Reconciliation of the change in the amount of unrecognized tax benefits | ||||
Balance at beginning of period | $24.50 | $27.40 | $24 | |
Gross increases-current period tax positions | 1.6 | 3.8 | ||
Gross increases-prior periods tax position | 1.5 | |||
Favorable resolutions with authorities | -0.4 | |||
Cash settlements | -0.5 | |||
Balance at end of period | 24 | 30.5 | 27.4 | |
Number of subsidiaries files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions | 1 | |||
Predecessor | ||||
Reconciliation of the change in the amount of unrecognized tax benefits | ||||
Balance at beginning of period | 24.8 | |||
Gross increases-current period tax positions | 0.6 | |||
Cash settlements | -0.9 | |||
Balance at end of period | $24.50 |
LEASES_Details
LEASES (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 |
item | |
Future minimum rental payments required under existing operating leases and digital projector equipment leases payable to DCIP | |
2015 | $419,273 |
2016 | 428,133 |
2017 | 408,851 |
2018 | 366,120 |
2019 | 328,409 |
Thereafter | 1,542,618 |
Total minimum payments required | $3,493,404 |
Number of theatres under construction taken on lease | 5 |
Number of screens in theatres under construction taken on lease | 51 |
LEASES_Details_2
LEASES (Details 2) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 |
Leases | ||||||||||||
Deferred rent | $120,184 | $55,272 | $120,184 | $55,272 | ||||||||
Unfavorable lease obligations | 165,073 | 194,233 | 165,073 | 194,233 | ||||||||
Rent expense | ||||||||||||
Minimum rentals | 126,529 | 395,795 | 394,937 | |||||||||
Common area expenses | 12,968 | 48,159 | 44,198 | |||||||||
Percentage rentals based on revenues | 3,877 | 11,285 | 12,693 | |||||||||
Rent | 114,176 | 112,258 | 113,861 | 114,944 | 112,615 | 111,865 | 113,542 | 113,806 | 143,374 | 455,239 | 451,828 | |
General and administrative and other | 3,940 | 7,763 | 13,393 | |||||||||
Total | 147,314 | 463,002 | 465,221 | |||||||||
Predecessor | ||||||||||||
Rent expense | ||||||||||||
Minimum rentals | 166,220 | |||||||||||
Common area expenses | 17,591 | |||||||||||
Percentage rentals based on revenues | 5,275 | |||||||||||
Rent | 189,086 | |||||||||||
General and administrative and other | 4,207 | |||||||||||
Total | $193,293 |
EMPLOYEE_BENEFIT_PLANS_Details
EMPLOYEE BENEFIT PLANS (Details) (USD $) | 0 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | |
EMPLOYEE BENEFIT PLANS | |||||
Qualification age of employees for participation in the savings plan (in years) | 21 years | ||||
Minimum service in first twelve months of employment for eligibility (in hours) | 1000 hours | ||||
Initial period of employment for eligibility (in months) | 12 months | ||||
Negative prior service cost recorded due to revision of plan | $15,197,000 | ||||
Amortization period over which prior service cost will be amortized | 9 years | ||||
Changes in other comprehensive loss | |||||
Net (gain) loss | -7,279,000 | 13,543,000 | -4,510,000 | ||
Net prior service credit | -9,271,000 | ||||
Allocated tax expense | -7,264,000 | -15,532,000 | |||
Change in benefit obligation: | |||||
Increase in pension and postretirement benefit liabilities as a result of using the updated mortality assumptions | 6,658,000 | ||||
Amounts recognized in the Balance Sheet: | |||||
Accrued expenses and other liabilities | -766,000 | -781,000 | -766,000 | ||
Other long-term liabilities | -30,177,000 | -48,436,000 | -30,177,000 | ||
Weighted-average assumptions used to determine net periodic benefit cost | |||||
Assumed annual rate of covered health care benefits (as a percent) | 7.00% | ||||
Assumed annual rate of covered health care benefits for 2019 (as a percent) | 5.00% | ||||
Increase in the accumulated postretirement benefit obligation due to one-percentage-point increase in the assumed health care cost trend rate | 60,000 | ||||
Increase in the aggregate of the service and interest cost components of postretirement expense due to one-percentage-point increase in the assumed health care cost trend rate | 2,000 | ||||
Decrease in the accumulated postretirement benefit obligation due to one-percentage-point increase in the assumed health care cost trend rate | 88,000 | ||||
Increase the aggregate of the service and interest cost components of postretirement expense due to one-percentage-point increase in the assumed health care cost trend rate | 4,000 | ||||
Predecessor | |||||
Changes in other comprehensive loss | |||||
Net prior service credit | -771,000 | ||||
Pension Benefits | |||||
Components of net periodic benefit cost: | |||||
Service cost | 59,000 | 180,000 | |||
Interest cost | 1,484,000 | 4,609,000 | 4,513,000 | ||
Expected return on plan assets | -1,442,000 | -5,230,000 | -4,707,000 | ||
Amortization of net gain | -1,034,000 | ||||
Settlement gain | -15,000 | -3,575,000 | |||
Net periodic benefit cost (credit) | 86,000 | -1,655,000 | -14,000 | ||
Changes in other comprehensive loss | |||||
Net (gain) loss | 21,641,000 | -12,537,000 | |||
Amortization of net gain (loss) | 1,034,000 | ||||
Allocated tax expense | -8,843,000 | 8,442,000 | |||
Total recognized in other comprehensive income | 13,832,000 | -4,095,000 | |||
Net periodic benefit cost (credit) | 86,000 | -1,655,000 | -14,000 | ||
Total recognized in net periodic benefit cost and other comprehensive income | 12,177,000 | -4,109,000 | |||
Change in benefit obligation: | |||||
Benefit obligation at beginning of period | 98,883,000 | 109,718,000 | |||
Service cost | 59,000 | 180,000 | |||
Interest cost | 1,484,000 | 4,609,000 | 4,513,000 | ||
Actuarial (gain) loss | 23,532,000 | -10,022,000 | |||
Benefits paid | -2,247,000 | -5,408,000 | |||
Administrative expenses | -81,000 | -98,000 | |||
Settlement paid | -7,166,000 | ||||
Settlement gain | -15,000 | -3,575,000 | |||
Benefit obligation at end of period | 98,883,000 | 109,718,000 | 113,955,000 | 98,883,000 | |
Change in plan assets: | |||||
Fair value of plan assets at beginning of period | 73,658,000 | 68,219,000 | |||
Actual return on plan assets gain | 3,546,000 | 7,223,000 | |||
Employer contribution | 2,714,000 | 3,722,000 | |||
Benefits paid | -2,247,000 | -5,408,000 | |||
Administrative expense | -81,000 | -98,000 | |||
Settlement | -7,166,000 | ||||
Fair value of plan assets at end of period | 73,658,000 | 68,219,000 | 70,424,000 | 73,658,000 | |
Net liability for benefit cost: Funded status | -25,225,000 | -43,531,000 | -25,225,000 | ||
Amounts recognized in the Balance Sheet: | |||||
Accrued expenses and other liabilities | -154,000 | -152,000 | -154,000 | ||
Other long-term liabilities | -25,071,000 | -43,379,000 | -25,071,000 | ||
Net liability recognized | -25,225,000 | -43,531,000 | -25,225,000 | ||
Aggregate accumulated benefit obligation | -98,883,000 | -109,718,000 | -113,955,000 | -98,883,000 | |
Pension plans with accumulated benefit obligations and projected benefit obligations in excess of plan assets | |||||
Aggregated accumulated benefit obligation | -98,883,000 | -113,955,000 | -98,883,000 | ||
Aggregated projected benefit obligation | -98,883,000 | -113,955,000 | -98,883,000 | ||
Aggregated fair value of plan assets | 73,658,000 | 70,424,000 | 73,658,000 | ||
Amounts recognized in accumulated other comprehensive income | |||||
Net actuarial (gain) loss | -12,537,000 | 21,641,000 | -12,537,000 | ||
Weighted-average assumptions used to determine benefit obligations | |||||
Discount rate (as a percent) | 4.73% | 3.80% | 4.73% | ||
Weighted-average assumptions used to determine net periodic benefit cost | |||||
Discount rate (as a percent) | 3.99% | 4.73% | 4.17% | ||
Weighted average expected long-term return on plan assets (as a percent) | 7.27% | 7.81% | 7.27% | ||
Pension Benefits | Forecast member | |||||
Amounts in accumulated other comprehensive income expected to be recognized in components of net periodic pension cost | |||||
Net actuarial gain | 45,000 | ||||
Pension Benefits | Predecessor | |||||
Components of net periodic benefit cost: | |||||
Service cost | 76,000 | ||||
Interest cost | 1,962,000 | ||||
Expected return on plan assets | -1,811,000 | ||||
Amortization of net gain | 899,000 | ||||
Net periodic benefit cost (credit) | 1,126,000 | ||||
Changes in other comprehensive loss | |||||
Net periodic benefit cost (credit) | 1,126,000 | ||||
Change in benefit obligation: | |||||
Service cost | 76,000 | ||||
Interest cost | 1,962,000 | ||||
Weighted-average assumptions used to determine net periodic benefit cost | |||||
Discount rate (as a percent) | 4.86% | ||||
Weighted average expected long-term return on plan assets (as a percent) | 7.27% | ||||
Other Benefits | |||||
Components of net periodic benefit cost: | |||||
Service cost | 61,000 | 36,000 | 195,000 | ||
Interest cost | 306,000 | 214,000 | 870,000 | ||
Amortization of net gain | -348,000 | -78,000 | |||
Amortization of prior service credit | -1,665,000 | ||||
Net periodic benefit cost (credit) | 367,000 | -1,763,000 | 987,000 | ||
Changes in other comprehensive loss | |||||
Net (gain) loss | 561,000 | -1,271,000 | |||
Net prior service credit | -15,197,000 | ||||
Amortization of net gain (loss) | 348,000 | 78,000 | |||
Amortization of prior service credit | 1,665,000 | ||||
Allocated tax expense | -1,003,000 | 6,782,000 | |||
Total recognized in other comprehensive income | 1,571,000 | -9,608,000 | |||
Net periodic benefit cost (credit) | 367,000 | -1,763,000 | 987,000 | ||
Total recognized in net periodic benefit cost and other comprehensive income | -192,000 | -8,621,000 | |||
Change in benefit obligation: | |||||
Benefit obligation at beginning of period | 5,718,000 | 22,765,000 | |||
Service cost | 61,000 | 36,000 | 195,000 | ||
Interest cost | 306,000 | 214,000 | 870,000 | ||
Plan participant's contributions | 419,000 | 562,000 | |||
Actuarial (gain) loss | 561,000 | -1,271,000 | |||
Plan amendment | -15,197,000 | ||||
Benefits paid | -1,262,000 | -2,206,000 | |||
Benefit obligation at end of period | 5,718,000 | 22,765,000 | 5,686,000 | 5,718,000 | |
Change in plan assets: | |||||
Employer contribution | 843,000 | 1,644,000 | |||
Plan participant's contributions | 419,000 | 562,000 | |||
Benefits paid | -1,262,000 | -2,206,000 | |||
Net liability for benefit cost: Funded status | -5,718,000 | -5,686,000 | -5,718,000 | ||
Amounts recognized in the Balance Sheet: | |||||
Accrued expenses and other liabilities | -612,000 | -629,000 | -612,000 | ||
Other long-term liabilities | -5,106,000 | -5,057,000 | -5,106,000 | ||
Net liability recognized | -5,718,000 | -5,686,000 | -5,718,000 | ||
Aggregate accumulated benefit obligation | -5,718,000 | -22,765,000 | -5,686,000 | -5,718,000 | |
Amounts recognized in accumulated other comprehensive income | |||||
Net actuarial (gain) loss | -1,271,000 | 561,000 | -1,271,000 | ||
Prior service credit | -15,197,000 | -15,197,000 | |||
Weighted-average assumptions used to determine benefit obligations | |||||
Discount rate (as a percent) | 4.00% | 3.37% | 4.00% | ||
Weighted-average assumptions used to determine net periodic benefit cost | |||||
Discount rate (as a percent) | 3.65% | 4.00% | 3.90% | ||
Other Benefits | Forecast member | |||||
Amounts in accumulated other comprehensive income expected to be recognized in components of net periodic pension cost | |||||
Net actuarial gain | -284,000 | ||||
Net prior service credit | -1,665,000 | ||||
Other Benefits | Predecessor | |||||
Components of net periodic benefit cost: | |||||
Service cost | 74,000 | ||||
Interest cost | 435,000 | ||||
Amortization of net gain | 88,000 | ||||
Amortization of prior service credit | -448,000 | ||||
Net periodic benefit cost (credit) | 149,000 | ||||
Changes in other comprehensive loss | |||||
Net periodic benefit cost (credit) | 149,000 | ||||
Change in benefit obligation: | |||||
Service cost | 74,000 | ||||
Interest cost | $435,000 | ||||
Weighted-average assumptions used to determine net periodic benefit cost | |||||
Discount rate (as a percent) | 4.42% |
EMPLOYEE_BENEFIT_PLANS_Details1
EMPLOYEE BENEFIT PLANS (Details 2) (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Pension Benefits | |
Benefits expected to be paid | |
2015 | $2,583 |
2016 | 2,720 |
2017 | 3,973 |
2018 | 3,664 |
2019 | 4,493 |
Years 2020-2024 | 29,648 |
Other Benefits | |
Benefits expected to be paid | |
2015 | 639 |
2016 | 633 |
2017 | 614 |
2018 | 545 |
2019 | 490 |
Years 2020-2024 | $1,745 |
EMPLOYEE_BENEFIT_PLANS_Details2
EMPLOYEE BENEFIT PLANS (Details 3) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Total Carrying Value | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | $70,424 | $73,658 | |
Quoted prices in active market (Level 1) | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 42,928 | 45,871 | |
Significant other observable inputs (Level 2) | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 27,796 | 27,787 | |
Cash and Cash Equivalents | Total Carrying Value | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 300 | 265 | |
Cash and Cash Equivalents | Quoted prices in active market (Level 1) | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 300 | 265 | |
U.S. Treasury Securities | Total Carrying Value | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 1,615 | 1,557 | |
U.S. Treasury Securities | Quoted prices in active market (Level 1) | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 1,615 | 1,557 | |
Equity Securities - U.S. | Total Carrying Value | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 18,513 | 19,654 | |
Equity Securities - U.S. | Quoted prices in active market (Level 1) | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 18,513 | 19,654 | |
Equity Securities - International | Total Carrying Value | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 10,109 | 11,281 | |
Equity Securities - International | Quoted prices in active market (Level 1) | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 10,109 | 11,281 | |
Collective trust fund | Total Carrying Value | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 17,485 | 17,958 | |
Collective trust fund | Significant other observable inputs (Level 2) | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 17,485 | 17,958 | |
Private Real Estate | Total Carrying Value | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 10,311 | 9,829 | |
Private Real Estate | Significant other observable inputs (Level 2) | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 10,311 | 9,829 | |
Bond market fund | Total Carrying Value | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 9,173 | 9,655 | |
Bond market fund | Quoted prices in active market (Level 1) | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 9,173 | 9,655 | |
Commodities broad basket fund | Total Carrying Value | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 2,918 | 3,459 | |
Commodities broad basket fund | Quoted prices in active market (Level 1) | |||
Employee benefit plan disclosures | |||
Fair value of the pension plan assets | 2,918 | 3,459 | |
Pension Benefits | |||
Employee benefit plan disclosures | |||
Target Allocation (as a percent) | 100.00% | ||
Fair value of the pension plan assets | $70,424 | $73,658 | $68,219 |
Pension Benefits | Mutual Fund Fixed Income | |||
Employee benefit plan disclosures | |||
Target Allocation (as a percent) | 15.00% | ||
Pension Benefits | Equity Securities - U.S. | |||
Employee benefit plan disclosures | |||
Target Allocation (as a percent) | 26.00% | ||
Pension Benefits | Equity Securities - International | |||
Employee benefit plan disclosures | |||
Target Allocation (as a percent) | 14.00% | ||
Pension Benefits | Collective trust fund | |||
Employee benefit plan disclosures | |||
Target Allocation (as a percent) | 25.00% | ||
Pension Benefits | Private Real Estate | |||
Employee benefit plan disclosures | |||
Target Allocation (as a percent) | 15.00% | ||
Pension Benefits | Commodities broad basket fund | |||
Employee benefit plan disclosures | |||
Target Allocation (as a percent) | 5.00% |
EMPLOYEE_BENEFIT_PLANS_Details3
EMPLOYEE BENEFIT PLANS (Details 4) (USD $) | 4 Months Ended | 5 Months Ended | 12 Months Ended | |
Dec. 31, 2012 | Aug. 30, 2012 | Dec. 31, 2014 | Mar. 29, 2012 | |
Defined Contribution Plan | ||||
Qualification age of employees for participation in the 401(k) savings plan | 21 years | |||
Employer match of employee contributions of first 3% of eligible compensation (as a percent) | 100.00% | |||
Percentage of eligible compensation, matched 100% by employer | 3.00% | |||
Employer's match of employee's contributions of the next 5% of eligible compensation (as a percent) | 50.00% | |||
Percentage of eligible compensation, matched 50% by employer | 5.00% | |||
Expenses under the 401(k) saving plan | $2,817,000 | $1,182,000 | $2,696,000 | |
Predecessor | ||||
Defined Contribution Plan | ||||
Expenses under the 401(k) saving plan | $1,108,000 |
EMPLOYEE_BENEFIT_PLANS_Details4
EMPLOYEE BENEFIT PLANS (Details 5) (USD $) | 4 Months Ended | 12 Months Ended | 5 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | |
Union-Sponsored Plans | ||||
Aggregate contributions | $80,000 | $207,000 | $265,000 | |
Predecessor | ||||
Union-Sponsored Plans | ||||
Aggregate contributions | $109,000 |
COMMITMENTS_AND_CONTINGENCIES_
COMMITMENTS AND CONTINGENCIES (Details) (Screenvision LLC, NCM, LLC, USD $) | 0 Months Ended | |
5-May-14 | Dec. 31, 2014 | |
Commitments and contingencies line items | ||
Ownership percentage | 14.96% | |
Forecast member | ||
Commitments and contingencies line items | ||
Total transaction value | $375,000,000 | |
Termination fee | $28,800,000 |
THEATRE_AND_OTHER_CLOSURE_AND_2
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS (Details) (USD $) | 4 Months Ended | 12 Months Ended | 1 Months Ended | 5 Months Ended | 1 Months Ended | 5 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | 31-May-14 | Aug. 30, 2012 | Aug. 30, 2012 | Aug. 30, 2012 | |
item | item | item | item | ||||
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS | |||||||
Number of theatres | 8 | ||||||
Aggregate annual base rents under the long-term lease commitments | $10,082,000 | ||||||
Base rents under the long-term lease commitments over remaining terms | 58,970,000 | ||||||
A rollforward of reserves for theatre and other closure and disposition of assets | |||||||
Beginning balance | 62,935,000 | 55,163,000 | 61,344,000 | ||||
Theatre and other closure expense-continuing operations | 2,381,000 | 9,346,000 | 5,823,000 | ||||
Transfer of lease liability | 994,000 | 2,439,000 | -53,000 | ||||
Foreign currency translation adjustment | 405,000 | -1,822,000 | -286,000 | ||||
Cash payments | -5,371,000 | -12,291,000 | -11,665,000 | ||||
Ending balance | 61,344,000 | 52,835,000 | 55,163,000 | ||||
Number of screens in theatres | 94 | ||||||
Minimum | |||||||
A rollforward of reserves for theatre and other closure and disposition of assets | |||||||
Future lease obligations discount rate (as a percent) | 6.00% | ||||||
Maximum | |||||||
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS | |||||||
Remaining terms of obligation under the long-term lease commitments for theatres closed | 13 years | ||||||
A rollforward of reserves for theatre and other closure and disposition of assets | |||||||
Future lease obligations discount rate (as a percent) | 9.00% | ||||||
Eight theatres and vacant restaurant space | |||||||
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS | |||||||
Number of theatres | 8 | ||||||
One closed theatre | Other | |||||||
A rollforward of reserves for theatre and other closure and disposition of assets | |||||||
Number of theatres closed | 1 | ||||||
Number of screens in theatres | 13 | ||||||
Predecessor | |||||||
A rollforward of reserves for theatre and other closure and disposition of assets | |||||||
Beginning balance | 65,471,000 | ||||||
Theatre and other closure expense-continuing operations | 4,191,000 | ||||||
Theatre and other closure expense-discontinued operations | 7,562,000 | ||||||
Transfer of lease liability | -697,000 | ||||||
Foreign currency translation adjustment | -38,000 | ||||||
Cash payments | -13,554,000 | ||||||
Ending balance | 62,935,000 | 62,935,000 | 62,935,000 | ||||
Predecessor | One closed theatre | Other | |||||||
A rollforward of reserves for theatre and other closure and disposition of assets | |||||||
Number of theatres closed | 1 | 1 | |||||
Number of screens in theatres | 20 | 20 | |||||
Payment made to the landlord to terminate the lease agreement | $7,562,000 |
FAIR_VALUE_MEASUREMENTS_Detail
FAIR VALUE MEASUREMENTS (Details) (Recurring basis, USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Total Carrying Value | ||
Other long-term assets: | ||
Total assets at fair value | $21,108 | $15,381 |
Total Carrying Value | Money Market Mutual Funds | ||
Other long-term assets: | ||
Money Market Mutual Funds | 224 | 84 |
Total Carrying Value | Mutual Fund Large U.S. Equity | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | 2,879 | 2,563 |
Total Carrying Value | Mutual Fund Small/Mid U.S. Equity | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | 1,558 | 982 |
Total Carrying Value | Mutual Fund International | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | 717 | 503 |
Total Carrying Value | Mutual Fund Balance | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | 760 | 456 |
Total Carrying Value | Mutual Fund Fixed Income | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | 541 | 351 |
Total Carrying Value | RealD Inc. | Common Stock | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | 14,429 | 10,442 |
Quoted prices in active market (Level 1) | ||
Other long-term assets: | ||
Total assets at fair value | 21,108 | 15,381 |
Quoted prices in active market (Level 1) | Money Market Mutual Funds | ||
Other long-term assets: | ||
Money Market Mutual Funds | 224 | 84 |
Quoted prices in active market (Level 1) | Mutual Fund Large U.S. Equity | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | 2,879 | 2,563 |
Quoted prices in active market (Level 1) | Mutual Fund Small/Mid U.S. Equity | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | 1,558 | 982 |
Quoted prices in active market (Level 1) | Mutual Fund International | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | 717 | 503 |
Quoted prices in active market (Level 1) | Mutual Fund Balance | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | 760 | 456 |
Quoted prices in active market (Level 1) | Mutual Fund Fixed Income | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | 541 | 351 |
Quoted prices in active market (Level 1) | RealD Inc. | Common Stock | ||
Other long-term assets: | ||
Equity securities, available-for-sale: | $14,429 | $10,442 |
FAIR_VALUE_MEASUREMENTS_Detail1
FAIR VALUE MEASUREMENTS (Details 2) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Nonrecurring basis | ||
Other Fair Value Measurement Disclosures | ||
Total losses | $3,149,000 | $1,370,000 |
Significant other observable inputs (Level 2) | ||
Other Fair Value Measurement Disclosures | ||
Current Maturities of Corporate Borrowings | 14,390,000 | 7,779,000 |
Corporate Borrowings | 1,765,678,000 | 2,090,332,000 |
Significant unobservable inputs (Level 3) | ||
Other Fair Value Measurement Disclosures | ||
Current Maturities of Corporate Borrowings | 1,389,000 | 1,389,000 |
Corporate Borrowings | 5,555,000 | 6,944,000 |
Significant unobservable inputs (Level 3) | Nonrecurring basis | ||
Other Fair Value Measurement Disclosures | ||
Property owned, net | 2,342,000 | |
Total Carrying Value | ||
Other Fair Value Measurement Disclosures | ||
Current Maturities of Corporate Borrowings | 15,873,000 | 9,139,000 |
Corporate Borrowings | 1,775,132,000 | 2,069,672,000 |
Total Carrying Value | Nonrecurring basis | ||
Other Fair Value Measurement Disclosures | ||
Property owned, net | $2,342,000 |
OPERATING_SEGMENT_Details
OPERATING SEGMENT (Details) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 |
segment | ||||||||||||
OPERATING SEGMENT | ||||||||||||
Number of reportable segments | 1 | |||||||||||
OPERATING SEGMENT | ||||||||||||
Revenues | $712,155 | $633,904 | $726,573 | $622,758 | $712,977 | $695,984 | $762,665 | $577,802 | $811,492 | $2,695,390 | $2,749,428 | |
Total long-term assets | 4,253,993 | 4,203,201 | 4,253,993 | 4,203,201 | ||||||||
Predecessor | ||||||||||||
OPERATING SEGMENT | ||||||||||||
Revenues | 1,206,072 | |||||||||||
U.S. | ||||||||||||
OPERATING SEGMENT | ||||||||||||
Revenues | 808,378 | 2,688,230 | 2,741,717 | |||||||||
Total long-term assets | 4,253,750 | 4,202,347 | 4,253,750 | 4,202,347 | ||||||||
U.S. | Predecessor | ||||||||||||
OPERATING SEGMENT | ||||||||||||
Revenues | 1,202,179 | |||||||||||
Other | ||||||||||||
OPERATING SEGMENT | ||||||||||||
Revenues | 3,114 | 7,160 | 7,711 | |||||||||
Total long-term assets | 243 | 854 | 243 | 854 | ||||||||
Other | Predecessor | ||||||||||||
OPERATING SEGMENT | ||||||||||||
Revenues | $3,893 |
ACCUMULATED_OTHER_COMPREHENSIV2
ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) (USD $) | 4 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 |
Changes in accumulated other comprehensive income | ||||
Balance at the beginning of the period | $24,204 | $9,444 | ||
Other comprehensive income (loss) before reclassifications | -9,997 | 14,423 | ||
Amounts reclassified from accumulated other comprehensive income | -1,363 | 337 | ||
Other comprehensive income (loss) | 9,444 | 9,444 | -11,360 | 14,760 |
Balance at the end of period | 9,444 | 9,444 | 12,844 | 24,204 |
Allocated tax (expense) benefit | 7,264 | 15,532 | ||
Foreign Currency | ||||
Changes in accumulated other comprehensive income | ||||
Balance at the beginning of the period | -351 | -530 | ||
Other comprehensive income (loss) before reclassifications | 978 | 179 | ||
Other comprehensive income (loss) | 978 | 179 | ||
Balance at the end of period | 627 | -351 | ||
Allocated tax (expense) benefit | -625 | |||
Pension and Other Benefits (recorded in G&A : Other) | G&A: Other | ||||
Changes in accumulated other comprehensive income | ||||
Balance at the beginning of the period | 20,967 | 7,264 | ||
Other comprehensive income (loss) before reclassifications | -13,543 | 13,781 | ||
Amounts reclassified from accumulated other comprehensive income | -1,860 | -78 | ||
Other comprehensive income (loss) | -15,403 | 13,703 | ||
Balance at the end of period | 5,564 | 20,967 | ||
Allocated tax (expense) benefit | 9,846 | 15,224 | ||
Unrealized Gains on Marketable Securities (Recorded in Investment income) | Investment income | ||||
Changes in accumulated other comprehensive income | ||||
Balance at the beginning of the period | 1,216 | 1,913 | ||
Other comprehensive income (loss) before reclassifications | 2,627 | -1,622 | ||
Amounts reclassified from accumulated other comprehensive income | -31 | 925 | ||
Other comprehensive income (loss) | 2,596 | -697 | ||
Balance at the end of period | 3,812 | 1,216 | ||
Allocated tax (expense) benefit | -1,657 | -1,081 | ||
Unrealized Gain from Equity Method Investees' Cash Flow Hedge | Equity in (earnings) losses of non-consolidated entities | ||||
Changes in accumulated other comprehensive income | ||||
Balance at the beginning of the period | 2,372 | 797 | ||
Other comprehensive income (loss) before reclassifications | -59 | 2,085 | ||
Amounts reclassified from accumulated other comprehensive income | 528 | -510 | ||
Other comprehensive income (loss) | 469 | 1,575 | ||
Balance at the end of period | 2,841 | 2,372 | ||
Allocated tax (expense) benefit | ($300) | $1,389 |
CONDENSED_CONSOLIDATING_FINANC2
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | |||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | |
General and administrative: | |||||||||||||
Merger, acquisition and transaction costs | $149,000 | $78,000 | $572,000 | $362,000 | $931,000 | $299,000 | $706,000 | $947,000 | $1,161,000 | $2,883,000 | |||
Other | 18,543,000 | 12,961,000 | 15,149,000 | 18,220,000 | 37,491,000 | 26,450,000 | 17,034,000 | 16,313,000 | 29,110,000 | 64,873,000 | 97,288,000 | ||
Operating costs and expenses | 651,533,000 | 605,390,000 | 658,176,000 | 605,219,000 | 679,201,000 | 638,137,000 | 684,816,000 | 558,260,000 | 800,023,000 | 2,520,318,000 | 2,560,414,000 | ||
Other expense (income): | |||||||||||||
Other expense (income) | 53,000 | -11,000 | -4,157,000 | -4,229,000 | -1,231,000 | 110,000 | -294,000 | 49,000 | -8,344,000 | -1,415,000 | |||
Interest expense: | |||||||||||||
Corporate borrowings | 26,528,000 | 26,897,000 | 27,989,000 | 29,658,000 | 32,259,000 | 32,221,000 | 32,310,000 | 33,173,000 | 45,259,000 | 111,072,000 | 129,963,000 | ||
Investment expense (income) | -641,000 | 181,000 | 172,000 | -7,857,000 | 1,322,000 | -69,000 | 282,000 | -3,619,000 | 290,000 | -8,145,000 | -2,084,000 | ||
Total other expense | 19,033,000 | 16,428,000 | 16,893,000 | 25,481,000 | 25,408,000 | 20,545,000 | 11,661,000 | 31,679,000 | 49,951,000 | 77,835,000 | 89,293,000 | ||
Earnings (loss) from continuing operations before income taxes | 41,589,000 | 12,086,000 | 51,504,000 | -7,942,000 | 8,368,000 | 37,302,000 | 66,188,000 | -12,137,000 | -38,482,000 | 97,237,000 | 99,721,000 | ||
Income tax provision (benefit) | 11,770,000 | 4,710,000 | 20,090,000 | -3,100,000 | -274,243,000 | 3,430,000 | 4,330,000 | 3,100,000 | 3,500,000 | 33,470,000 | -263,383,000 | ||
Net earnings (loss) | 29,819,000 | 7,376,000 | 31,393,000 | -4,508,000 | 279,617,000 | 33,465,000 | 61,576,000 | -10,258,000 | -42,670,000 | -42,670,000 | 64,080,000 | 364,400,000 | |
Predecessor | |||||||||||||
Other expense (income): | |||||||||||||
Other expense (income) | 960,000 | ||||||||||||
Interest expense: | |||||||||||||
Income tax provision (benefit) | 2,500,000 | ||||||||||||
AMCH | |||||||||||||
Other expense (income): | |||||||||||||
Equity in (earnings) loss of AMC Entertainment Inc. | 42,670,000 | -64,080,000 | -364,400,000 | ||||||||||
Interest expense: | |||||||||||||
Total other expense | 42,670,000 | -64,080,000 | -364,400,000 | ||||||||||
Earnings (loss) from continuing operations before income taxes | -42,670,000 | 64,080,000 | 364,400,000 | ||||||||||
Net earnings (loss) | -42,670,000 | -42,670,000 | 64,080,000 | 364,400,000 | |||||||||
AMCH | Predecessor | |||||||||||||
General and administrative: | |||||||||||||
Merger, acquisition and transaction costs | 4,245,000 | ||||||||||||
Other | -2,000 | ||||||||||||
Operating costs and expenses | 4,243,000 | ||||||||||||
Other expense (income): | |||||||||||||
Equity in (earnings) loss of AMC Entertainment Inc. | -94,400,000 | ||||||||||||
Interest expense: | |||||||||||||
Total other expense | -94,400,000 | ||||||||||||
Earnings (loss) from continuing operations before income taxes | 90,157,000 | ||||||||||||
Net earnings (loss) | $90,157,000 |
CONDENSED_CONSOLIDATING_FINANC3
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 2) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 31, 2012 | Aug. 30, 2012 | Mar. 30, 2012 | Mar. 29, 2012 |
Current assets: | |||||||
Cash and equivalents | $218,206,000 | $546,454,000 | $133,071,000 | $100,674,000 | |||
Total current assets | 509,739,000 | 843,523,000 | |||||
Goodwill | 2,289,800,000 | 2,289,800,000 | 2,249,153,000 | ||||
Deferred tax asset | 107,938,000 | 110,097,000 | |||||
Total assets | 4,763,732,000 | 5,046,724,000 | |||||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
Total liabilities | 3,249,574,000 | 3,537,785,000 | |||||
Stockholders' equity: | |||||||
Additional paid-in capital | 1,172,515,000 | 1,161,152,000 | |||||
Treasury stock (36,769 shares as of December 31, 2014 and 32,684 shares as of December 31, 2013, at cost) | -680,000 | -588,000 | |||||
Accumulated other comprehensive income | 12,844,000 | 24,204,000 | 9,444,000 | ||||
Accumulated earnings | 327,081,000 | 321,730,000 | |||||
Total stockholders' equity | 1,512,732,000 | 1,507,470,000 | 766,774,000 | ||||
Total liabilities and stockholders' equity | 4,763,732,000 | 5,046,724,000 | |||||
Treasury stock, shares | 36,769 | 32,684 | |||||
Class A common stock | |||||||
Temporary Equity | |||||||
Class A common stock (temporary equity) ($.01 par value, 173,150 shares issued and 136,381 shares outstanding as of December 31, 2014; 173,150 shares issued and 140,466 shares outstanding as of December 31, 2013) | 1,426,000 | 1,469,000 | |||||
Stockholders' equity: | |||||||
Common stock value | 214,000 | 214,000 | |||||
Total stockholders' equity | 214,000 | 214,000 | |||||
Common stock (temporary equity), par value (in dollars per share) | $0.01 | $0.01 | |||||
Common stock (temporary equity), shares issued (in shares) | 173,150 | 173,150 | |||||
Common stock (temporary equity), shares outstanding (in shares) | 136,381 | 140,466 | |||||
Common stock, par value (in dollars per share) | $0.01 | $0.01 | |||||
Common stock, share authorized (in shares) | 524,173,073 | 524,173,073 | |||||
Common stock, shares issued (in shares) | 21,423,839 | 21,412,804 | |||||
Common stock, shares outstanding (in shares) | 21,423,839 | 21,412,804 | |||||
Class B common stock | |||||||
Stockholders' equity: | |||||||
Common stock value | 758,000 | 758,000 | |||||
Total stockholders' equity | 758,000 | 758,000 | 758,000 | ||||
Common stock, share authorized (in shares) | 75,826,927 | 75,826,927 | |||||
Common stock, shares issued (in shares) | 75,826,927 | 75,826,927 | 75,826,927 | ||||
Common stock, shares outstanding (in shares) | 75,826,927 | 75,826,927 | |||||
AMCH | |||||||
Current assets: | |||||||
Cash and equivalents | 2,051,000 | 2,143,000 | 2,143,000 | 2,143,000 | |||
Total current assets | 2,051,000 | 2,143,000 | |||||
Goodwill | -2,143,000 | -2,143,000 | |||||
Deferred tax asset | 27,000 | ||||||
Investment in AMC Entertainment Inc. | 1,514,223,000 | 1,508,939,000 | |||||
Total assets | 1,514,158,000 | 1,508,939,000 | |||||
Temporary Equity | |||||||
Class A common stock (temporary equity) ($.01 par value, 173,150 shares issued and 136,381 shares outstanding as of December 31, 2014; 173,150 shares issued and 140,466 shares outstanding as of December 31, 2013) | 1,426,000 | 1,469,000 | |||||
Stockholders' equity: | |||||||
Common stock value | 214,000 | ||||||
Additional paid-in capital | 1,172,515,000 | 1,161,152,000 | |||||
Treasury stock (36,769 shares as of December 31, 2014 and 32,684 shares as of December 31, 2013, at cost) | -680,000 | -588,000 | |||||
Accumulated other comprehensive income | 12,844,000 | 24,204,000 | |||||
Accumulated earnings | 327,081,000 | 321,730,000 | |||||
Total stockholders' equity | 1,512,732,000 | 1,507,470,000 | 766,774,000 | ||||
Total liabilities and stockholders' equity | 1,514,158,000 | 1,508,939,000 | |||||
Treasury stock, shares | 36,769 | 32,684 | |||||
AMCH | Class A common stock | |||||||
Stockholders' equity: | |||||||
Common stock value | 214,000 | ||||||
Common stock (temporary equity), par value (in dollars per share) | $0.01 | $0.01 | |||||
Common stock (temporary equity), shares issued (in shares) | 173,150 | 173,150 | |||||
Common stock (temporary equity), shares outstanding (in shares) | 136,381 | 140,466 | |||||
Common stock, par value (in dollars per share) | $0.01 | $0.01 | |||||
Common stock, share authorized (in shares) | 524,173,073 | 524,173,073 | |||||
Common stock, shares issued (in shares) | 21,423,839 | 21,412,804 | |||||
Common stock, shares outstanding (in shares) | 21,412,804 | ||||||
AMCH | Class B common stock | |||||||
Stockholders' equity: | |||||||
Common stock value | 758,000 | 758,000 | |||||
Common stock, par value (in dollars per share) | $0.01 | $0.01 | |||||
Common stock, share authorized (in shares) | 75,826,927 | 75,826,927 | |||||
Common stock, shares issued (in shares) | 75,826,927 | 75,826,927 | |||||
Common stock, shares outstanding (in shares) | 75,826,927 | 75,826,927 | |||||
AMCH | Predecessor | |||||||
Current assets: | |||||||
Cash and equivalents | 2,143,000 | 5,268,000 | |||||
Stockholders' equity: | |||||||
Total stockholders' equity | $257,622,000 | $157,601,000 |
CONDENSED_CONSOLIDATING_FINANC4
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 3) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 |
Cash flows from operating activities: | |||||||||||||
Net earnings (loss) | $29,819 | $7,376 | $31,393 | ($4,508) | $279,617 | $33,465 | $61,576 | ($10,258) | ($42,670) | ($42,670) | $64,080 | $364,400 | |
Net change in operating activities: | |||||||||||||
Accrued expenses and other liabilities | 63,288 | -52,603 | 14,822 | ||||||||||
Other, net | -1,294 | -2,066 | -108 | ||||||||||
Net cash provided by operating activities | 73,892 | 297,302 | 357,342 | ||||||||||
Cash flows from investing activities: | |||||||||||||
Net cash used in investing activities | -158,898 | -271,691 | -268,784 | ||||||||||
Cash flows from financing activities: | |||||||||||||
Purchase of Treasury Stock | -92 | -588 | |||||||||||
Deferred financing costs | -7,952 | -9,126 | |||||||||||
Net Cash Provided by (Used in) Financing Activities | 117,610 | -353,864 | 324,928 | ||||||||||
Net decrease in cash and equivalents | 32,397 | -328,248 | 413,383 | ||||||||||
Cash and equivalents at beginning of period | 546,454 | 133,071 | 100,674 | 100,674 | 546,454 | 133,071 | |||||||
Cash and equivalents at end of period | 218,206 | 546,454 | 133,071 | 133,071 | 218,206 | 546,454 | |||||||
AMCH | |||||||||||||
Cash flows from operating activities: | |||||||||||||
Net earnings (loss) | -42,670 | -42,670 | 64,080 | 364,400 | |||||||||
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: | |||||||||||||
Interest accrued to principal on corporate borrowings | 27 | ||||||||||||
Equity in (earnings) loss of AMC Entertainment Inc. | 42,670 | -64,080 | -364,400 | ||||||||||
Net change in operating activities: | |||||||||||||
Accrued expenses and other liabilities | -27 | ||||||||||||
Cash flows from financing activities: | |||||||||||||
Purchase of Treasury Stock | -92 | ||||||||||||
Net Cash Provided by (Used in) Financing Activities | -92 | ||||||||||||
Net decrease in cash and equivalents | -92 | ||||||||||||
Cash and equivalents at beginning of period | 2,143 | 2,143 | 2,143 | 2,143 | 2,143 | 2,143 | |||||||
Cash and equivalents at end of period | 2,051 | 2,143 | 2,143 | 2,143 | 2,051 | 2,143 | |||||||
AMCH | Predecessor | |||||||||||||
Cash flows from operating activities: | |||||||||||||
Net earnings (loss) | 90,157 | ||||||||||||
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities: | |||||||||||||
Equity in (earnings) loss of AMC Entertainment Inc. | -94,400 | ||||||||||||
Net change in operating activities: | |||||||||||||
Receivables and other assets | 1,118 | ||||||||||||
Net cash provided by operating activities | -3,125 | ||||||||||||
Cash flows from financing activities: | |||||||||||||
Net decrease in cash and equivalents | -3,125 | ||||||||||||
Cash and equivalents at beginning of period | 5,268 | ||||||||||||
Cash and equivalents at end of period | $2,143 |
CONDENSED_CONSOLIDATING_FINANC5
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 4) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | ||||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 | Mar. 29, 2012 | |
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | $1,507,470,000 | $766,774,000 | $1,507,470,000 | $766,774,000 | ||||||||||
Net loss | 29,819,000 | 7,376,000 | 31,393,000 | -4,508,000 | 279,617,000 | 33,465,000 | 61,576,000 | -10,258,000 | -42,670,000 | -42,670,000 | 64,080,000 | 364,400,000 | ||
Other comprehensive earnings (loss) | 9,444,000 | 9,444,000 | -11,360,000 | 14,760,000 | ||||||||||
Net proceeds from IPO | 355,299,000 | |||||||||||||
Stock based compensation | 11,293,000 | 6,483,000 | ||||||||||||
Merger consideration | 700,000,000 | |||||||||||||
Capital contributions | 100,000,000 | |||||||||||||
Dividends declared | 225,000,000 | 225,000,000 | ||||||||||||
Purchase shares for treasury | 49,000 | 246,000 | ||||||||||||
Balance | 1,512,732,000 | 1,507,470,000 | 766,774,000 | 766,774,000 | 1,512,732,000 | 1,507,470,000 | ||||||||
Class A common stock | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 214,000 | 214,000 | ||||||||||||
Balance (in shares) | 21,412,804 | 21,412,804 | ||||||||||||
Net proceeds from IPO | 211,000 | |||||||||||||
Net proceeds from IPO (in shares) | 21,052,632 | |||||||||||||
Stock based compensation | 3,000 | |||||||||||||
Stock based compensation (in shares) | 11,035 | 360,172 | ||||||||||||
Balance | 214,000 | 214,000 | 214,000 | 214,000 | ||||||||||
Balance (in shares) | 21,423,839 | 21,412,804 | 21,423,839 | 21,412,804 | ||||||||||
Class B common stock | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Merger consideration | 662,000 | |||||||||||||
Merger consideration (in shares) | 66,252,108 | |||||||||||||
Capital contributions | 96,000 | |||||||||||||
Capital contributions (in shares) | 9,574,819 | |||||||||||||
Balance | 758,000 | 758,000 | 758,000 | 758,000 | 758,000 | 758,000 | ||||||||
Balance (in shares) | 75,826,927 | 75,826,927 | 75,826,927 | 75,826,927 | 75,826,927 | 75,826,927 | ||||||||
Additional Paid-in Capital | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 1,161,152,000 | 799,242,000 | 1,161,152,000 | 799,242,000 | ||||||||||
Net proceeds from IPO | 355,088,000 | |||||||||||||
Stock based compensation | 11,293,000 | 6,480,000 | ||||||||||||
Merger consideration | 699,338,000 | |||||||||||||
Capital contributions | 99,904,000 | |||||||||||||
Purchase shares for treasury | -43,000 | -342,000 | ||||||||||||
Balance | 1,172,515,000 | 1,161,152,000 | 799,242,000 | 799,242,000 | 1,172,515,000 | 1,161,152,000 | ||||||||
Treasury Stock | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | -588,000 | -588,000 | ||||||||||||
Purchase shares for treasury | 92,000 | 588,000 | ||||||||||||
Balance | -680,000 | -588,000 | -680,000 | -588,000 | ||||||||||
Accumulated Other Comprehensive Income (Loss) | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 24,204,000 | 9,444,000 | 24,204,000 | 9,444,000 | ||||||||||
Other comprehensive earnings (loss) | 9,444,000 | -11,360,000 | 14,760,000 | |||||||||||
Balance | 12,844,000 | 24,204,000 | 9,444,000 | 9,444,000 | 12,844,000 | 24,204,000 | ||||||||
Accumulated Earnings (Deficit) | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 321,730,000 | -42,670,000 | 321,730,000 | -42,670,000 | ||||||||||
Net loss | -42,670,000 | 64,080,000 | 364,400,000 | |||||||||||
Balance | 327,081,000 | 321,730,000 | -42,670,000 | -42,670,000 | 327,081,000 | 321,730,000 | ||||||||
AMCH | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 1,507,470,000 | 766,774,000 | 1,507,470,000 | 766,774,000 | ||||||||||
Net loss | -42,670,000 | -42,670,000 | 64,080,000 | 364,400,000 | ||||||||||
Other comprehensive earnings (loss) | 9,444,000 | -11,360,000 | 14,760,000 | |||||||||||
Net proceeds from IPO | 355,299,000 | |||||||||||||
Stock based compensation | 6,483,000 | |||||||||||||
Merger consideration | 700,000,000 | |||||||||||||
Capital contributions | 100,000,000 | |||||||||||||
Dividends declared | -58,702,000 | -58,702,000 | ||||||||||||
Purchase shares for treasury | -49,000 | -246,000 | ||||||||||||
Balance | 1,512,732,000 | 1,507,470,000 | 766,774,000 | 766,774,000 | 1,512,732,000 | 1,507,470,000 | ||||||||
AMCH | Class A common stock | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance (in shares) | 21,423,839 | 21,412,804 | 21,423,839 | 21,412,804 | ||||||||||
AMCH | Class B common stock | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance (in shares) | 75,826,927 | 75,826,927 | 75,826,927 | 75,826,927 | ||||||||||
AMCH | Common Stock | Class A common stock | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Net proceeds from IPO | 211,000 | |||||||||||||
Net proceeds from IPO (in shares) | 21,052,632 | |||||||||||||
Stock based compensation | 3,000 | |||||||||||||
Stock based compensation (in shares) | 360,172 | |||||||||||||
Balance | 214,000 | 214,000 | 214,000 | 214,000 | ||||||||||
Balance (in shares) | 21,423,839 | 21,412,804 | 21,423,839 | 21,412,804 | ||||||||||
AMCH | Common Stock | Class B common stock | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Merger consideration | 662,000 | |||||||||||||
Merger consideration (in shares) | 66,252,108 | |||||||||||||
Capital contributions | 96,000 | |||||||||||||
Capital contributions (in shares) | 9,574,819 | |||||||||||||
Balance | 758,000 | 758,000 | 758,000 | 758,000 | 758,000 | 758,000 | ||||||||
Balance (in shares) | 75,826,927 | 75,826,927 | 75,826,927 | 75,826,927 | 75,826,927 | 75,826,927 | ||||||||
AMCH | Additional Paid-in Capital | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 1,161,152,000 | 799,242,000 | 1,161,152,000 | 799,242,000 | ||||||||||
Net proceeds from IPO | 355,088,000 | |||||||||||||
Stock based compensation | 6,480,000 | |||||||||||||
Merger consideration | 699,338,000 | |||||||||||||
Capital contributions | 99,904,000 | |||||||||||||
Dividends declared | 27,000 | 27,000 | ||||||||||||
Purchase shares for treasury | 43,000 | 342,000 | ||||||||||||
Balance | 1,172,515,000 | 1,161,152,000 | 799,242,000 | 799,242,000 | 1,172,515,000 | 1,161,152,000 | ||||||||
AMCH | Treasury Stock | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | -588,000 | -588,000 | ||||||||||||
Purchase shares for treasury | -92,000 | -588,000 | ||||||||||||
Balance | -680,000 | -588,000 | -680,000 | -588,000 | ||||||||||
AMCH | Accumulated Other Comprehensive Income (Loss) | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 24,204,000 | 9,444,000 | 24,204,000 | 9,444,000 | ||||||||||
Other comprehensive earnings (loss) | 9,444,000 | -11,360,000 | 14,760,000 | |||||||||||
Balance | 12,844,000 | 24,204,000 | 9,444,000 | 9,444,000 | 12,844,000 | 24,204,000 | ||||||||
AMCH | Accumulated Earnings (Deficit) | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 321,730,000 | -42,670,000 | 321,730,000 | -42,670,000 | ||||||||||
Net loss | -42,670,000 | 64,080,000 | 364,400,000 | |||||||||||
Dividends declared | -58,729,000 | -58,729,000 | ||||||||||||
Balance | 327,081,000 | 321,730,000 | -42,670,000 | -42,670,000 | 327,081,000 | 321,730,000 | ||||||||
AMCH | Predecessor | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 157,601,000 | |||||||||||||
Net loss | 90,157,000 | |||||||||||||
Other comprehensive earnings (loss) | 9,034,000 | |||||||||||||
Stock based compensation | 830,000 | |||||||||||||
Balance | 257,622,000 | |||||||||||||
AMCH | Predecessor | Common Stock | Class A 1 | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 4,000 | |||||||||||||
Balance (in shares) | 382,475 | |||||||||||||
Balance | 4,000 | 4,000 | ||||||||||||
Balance (in shares) | 382,475 | 382,475 | ||||||||||||
AMCH | Predecessor | Common Stock | Class A 2 | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 4,000 | |||||||||||||
Balance (in shares) | 382,475 | |||||||||||||
Balance | 4,000 | 4,000 | ||||||||||||
Balance (in shares) | 382,475 | 382,475 | ||||||||||||
AMCH | Predecessor | Common Stock | Class N common stock | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance (in shares) | 2,021.02 | |||||||||||||
Balance (in shares) | 2,021.02 | 2,021.02 | ||||||||||||
AMCH | Predecessor | Common Stock | Class L-1 | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 3,000 | |||||||||||||
Balance (in shares) | 256,085.61 | |||||||||||||
Balance | 3,000 | 3,000 | ||||||||||||
Balance (in shares) | 256,085.61 | 256,085.61 | ||||||||||||
AMCH | Predecessor | Common Stock | Class L-2 | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 3,000 | |||||||||||||
Balance (in shares) | 256,085.61 | |||||||||||||
Balance | 3,000 | 3,000 | ||||||||||||
Balance (in shares) | 256,085.61 | 256,085.61 | ||||||||||||
AMCH | Predecessor | Additional Paid-in Capital | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | 673,325,000 | |||||||||||||
Stock based compensation | 830,000 | |||||||||||||
Balance | 674,155,000 | |||||||||||||
AMCH | Predecessor | Treasury Stock | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | -2,596,000 | |||||||||||||
Balance | -2,596,000 | -2,596,000 | ||||||||||||
AMCH | Predecessor | Accumulated Other Comprehensive Income (Loss) | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | -20,203,000 | |||||||||||||
Other comprehensive earnings (loss) | 9,034,000 | |||||||||||||
Balance | -11,169,000 | |||||||||||||
AMCH | Predecessor | Accumulated Earnings (Deficit) | ||||||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Balance | -492,939,000 | |||||||||||||
Net loss | 90,157,000 | |||||||||||||
Balance | ($402,782,000) |
RELATED_PARTY_TRANSACTIONS_Det
RELATED PARTY TRANSACTIONS (Details) (Sponsors, USD $) | 5 Months Ended |
Aug. 30, 2012 | |
Sponsors | |
RELATED PARTY TRANSACTIONS | |
Term of the fee agreement from the date of the original fee agreement for which annual fees are payable | 12 years |
Annual management fee | $5,000,000 |
SUBSEQUENT_EVENTS_Details
SUBSEQUENT EVENTS (Details) (Subsequent Events, USD $) | 0 Months Ended | |
Feb. 03, 2015 | Jan. 12, 2015 | |
Subsequent Events | ||
Subsequent Event [Line Items] | ||
Cash dividend declared (in dollars per share) | $0.20 | |
Targeted payment to associates | $4,300,000 |
EARNINGS_PER_SHARE_Details
EARNINGS PER SHARE (Details) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | 5 Months Ended | ||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Aug. 30, 2012 |
Numerator: | ||||||||||||
Earnings (loss) from continuing operations | $29,819 | $7,376 | $31,414 | ($4,842) | $282,611 | $33,872 | $61,858 | ($15,237) | ($41,982) | $63,767 | $363,104 | |
Denominator: | ||||||||||||
Shares for basic Earings (loss) per common share | 97,506 | 97,506 | 97,507 | 97,390 | 78,092 | 76,000 | 76,000 | 76,000 | 74,988 | 97,506 | 76,527 | |
Shares for restricted stock units (in shares) | 194 | |||||||||||
Shares for diluted earnings per common share | 97,865 | 97,628 | 97,628 | 97,390 | 78,092 | 76,000 | 76,000 | 76,000 | 74,988 | 97,700 | 76,527 | |
Basic earnings (loss) from continuing operations per common share (in dollars per share) | $0.31 | $0.08 | $0.32 | ($0.05) | $3.62 | $0.45 | $0.81 | ($0.20) | ($0.56) | $0.65 | $4.74 | |
Diluted earnings (loss) from continuing operations per common share (in dollars per share) | $0.30 | $0.08 | $0.32 | ($0.05) | $3.62 | $0.45 | $0.81 | ($0.20) | ($0.56) | $0.65 | $4.74 | |
Predecessor | ||||||||||||
Numerator: | ||||||||||||
Earnings (loss) from continuing operations | 55,004 | |||||||||||
Denominator: | ||||||||||||
Shares for basic Earings (loss) per common share | 63,335 | |||||||||||
Common equivalent shares for stock options (in shares) | $380 | |||||||||||
Shares for diluted earnings per common share | 63,715 | |||||||||||
Basic earnings (loss) from continuing operations per common share (in dollars per share) | $0.87 | |||||||||||
Diluted earnings (loss) from continuing operations per common share (in dollars per share) | $0.86 |
EARNINGS_PER_SHARE_Details_2
EARNINGS PER SHARE (Details 2) (Stock options) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 31, 2012 |
Stock options | ||||
Earnings per share | ||||
Outstanding options (in shares) | 0 | 0 | 0 | 0 |
SUPPLEMENTAL_FINANCIAL_INFORMA2
SUPPLEMENTAL FINANCIAL INFORMATION (UNAUDITED) CONSOLIDATED STATEMENTS OF OPERATIONS BY QUARTER (Details) (USD $) | 3 Months Ended | 4 Months Ended | 12 Months Ended | |||||||||
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 |
Revenues | ||||||||||||
Admissions Revenue | $460,253,000 | $417,448,000 | $478,667,000 | $409,020,000 | $482,149,000 | $466,988,000 | $515,306,000 | $382,884,000 | $548,632,000 | $1,765,388,000 | $1,847,327,000 | |
Food and Beverage Revenue | 215,309,000 | 189,065,000 | 211,597,000 | 181,764,000 | 197,886,000 | 201,612,000 | 219,477,000 | 167,937,000 | 229,739,000 | 797,735,000 | 786,912,000 | |
Other Revenue, Net | 36,593,000 | 27,391,000 | 36,309,000 | 31,974,000 | 32,942,000 | 27,384,000 | 27,882,000 | 26,981,000 | 33,121,000 | 132,267,000 | 115,189,000 | |
Total revenues | 712,155,000 | 633,904,000 | 726,573,000 | 622,758,000 | 712,977,000 | 695,984,000 | 762,665,000 | 577,802,000 | 811,492,000 | 2,695,390,000 | 2,749,428,000 | |
Operating costs and expenses | ||||||||||||
Film exhibition costs | 244,318,000 | 220,608,000 | 257,220,000 | 212,100,000 | 258,187,000 | 242,006,000 | 285,395,000 | 191,324,000 | 291,561,000 | 934,246,000 | 976,912,000 | |
Food and beverage costs | 29,318,000 | 27,209,000 | 30,341,000 | 25,123,000 | 27,293,000 | 26,284,000 | 30,550,000 | 23,198,000 | 30,545,000 | 111,991,000 | 107,325,000 | |
Operating expense | 186,413,000 | 177,949,000 | 189,283,000 | 179,693,000 | 192,582,000 | 182,630,000 | 187,219,000 | 164,210,000 | 230,434,000 | 733,338,000 | 726,641,000 | |
Rent | 114,176,000 | 112,258,000 | 113,861,000 | 114,944,000 | 112,615,000 | 111,865,000 | 113,542,000 | 113,806,000 | 143,374,000 | 455,239,000 | 451,828,000 | |
General and administrative: | ||||||||||||
Merger, acquisition and transaction costs | 149,000 | 78,000 | 572,000 | 362,000 | 931,000 | 299,000 | 706,000 | 947,000 | 1,161,000 | 2,883,000 | ||
Other | 18,543,000 | 12,961,000 | 15,149,000 | 18,220,000 | 37,491,000 | 26,450,000 | 17,034,000 | 16,313,000 | 29,110,000 | 64,873,000 | 97,288,000 | |
Depreciation and amortization | 55,467,000 | 54,327,000 | 51,750,000 | 54,777,000 | 50,102,000 | 48,603,000 | 50,370,000 | 48,462,000 | 71,633,000 | 216,321,000 | 197,537,000 | |
Impairment of long-lived assets | 3,149,000 | 0 | 3,149,000 | |||||||||
Operating costs and expenses | 651,533,000 | 605,390,000 | 658,176,000 | 605,219,000 | 679,201,000 | 638,137,000 | 684,816,000 | 558,260,000 | 800,023,000 | 2,520,318,000 | 2,560,414,000 | |
Operating income | 60,622,000 | 28,514,000 | 68,397,000 | 17,539,000 | 33,776,000 | 57,847,000 | 77,849,000 | 19,542,000 | 11,469,000 | 175,072,000 | 189,014,000 | |
Other expense (income) | ||||||||||||
Other expense (income) | 53,000 | -11,000 | -4,157,000 | -4,229,000 | -1,231,000 | 110,000 | -294,000 | 49,000 | -8,344,000 | -1,415,000 | ||
Interest expense: | ||||||||||||
Corporate borrowings | 26,528,000 | 26,897,000 | 27,989,000 | 29,658,000 | 32,259,000 | 32,221,000 | 32,310,000 | 33,173,000 | 45,259,000 | 111,072,000 | 129,963,000 | |
Capital and financing lease obligations | 2,408,000 | 2,448,000 | 2,486,000 | 2,525,000 | 2,350,000 | 2,606,000 | 2,637,000 | 2,671,000 | 1,873,000 | 9,867,000 | 10,264,000 | |
Equity in (earnings) losses of non-consolidated entities | -9,315,000 | -13,087,000 | -9,597,000 | 5,384,000 | -9,292,000 | -14,323,000 | -23,274,000 | -546,000 | 2,480,000 | -26,615,000 | -47,435,000 | |
Investment expense (income) | -641,000 | 181,000 | 172,000 | -7,857,000 | 1,322,000 | -69,000 | 282,000 | -3,619,000 | 290,000 | -8,145,000 | -2,084,000 | |
Total other expense | 19,033,000 | 16,428,000 | 16,893,000 | 25,481,000 | 25,408,000 | 20,545,000 | 11,661,000 | 31,679,000 | 49,951,000 | 77,835,000 | 89,293,000 | |
Earnings (loss) from continuing operations before income taxes | 41,589,000 | 12,086,000 | 51,504,000 | -7,942,000 | 8,368,000 | 37,302,000 | 66,188,000 | -12,137,000 | -38,482,000 | 97,237,000 | 99,721,000 | |
Income tax provision (benefit) | 11,770,000 | 4,710,000 | 20,090,000 | -3,100,000 | -274,243,000 | 3,430,000 | 4,330,000 | 3,100,000 | 3,500,000 | 33,470,000 | -263,383,000 | |
Earnings (loss) from continuing operations | 29,819,000 | 7,376,000 | 31,414,000 | -4,842,000 | 282,611,000 | 33,872,000 | 61,858,000 | -15,237,000 | -41,982,000 | 63,767,000 | 363,104,000 | |
Earnings (loss) from discontinued operations, net of income taxes | -21,000 | 334,000 | -2,994,000 | -407,000 | -282,000 | 4,979,000 | -688,000 | 313,000 | 1,296,000 | |||
Net earnings (loss) | 29,819,000 | 7,376,000 | 31,393,000 | -4,508,000 | 279,617,000 | 33,465,000 | 61,576,000 | -10,258,000 | -42,670,000 | -42,670,000 | 64,080,000 | 364,400,000 |
Basic earnings (loss) per share: | ||||||||||||
Earnings (loss) from continuing operations (in dollars per share) | $0.31 | $0.08 | $0.32 | ($0.05) | $3.62 | $0.45 | $0.81 | ($0.20) | ($0.56) | $0.65 | $4.74 | |
Earnings (loss) from discontinued operations (in dollars per share) | ($0.04) | ($0.01) | $0.07 | ($0.01) | $0.01 | $0.02 | ||||||
Basic earnings (loss) per share (in dollars per share) | $0.31 | $0.08 | $0.32 | ($0.05) | $3.58 | $0.44 | $0.81 | ($0.13) | ($0.57) | $0.66 | $4.76 | |
Diluted earnings (loss) per share: | ||||||||||||
Earnings (loss) from continuing operations (in dollars per share) | $0.30 | $0.08 | $0.32 | ($0.05) | $3.62 | $0.45 | $0.81 | ($0.20) | ($0.56) | $0.65 | $4.74 | |
Earnings (loss) from discontinued operations (in dollars per share) | ($0.04) | ($0.01) | $0.07 | ($0.01) | $0.01 | $0.02 | ||||||
Diluted earnings (loss) per share (in dollars per share) | $0.30 | $0.08 | $0.32 | ($0.05) | $3.58 | $0.44 | $0.81 | ($0.13) | ($0.57) | $0.66 | $4.76 | |
Average shares outstanding-Basic (in shares) | 97,506 | 97,506 | 97,507 | 97,390 | 78,092 | 76,000 | 76,000 | 76,000 | 74,988 | 97,506 | 76,527 | |
Average shares outstanding-Diluted (in shares) | 97,865 | 97,628 | 97,628 | 97,390 | 78,092 | 76,000 | 76,000 | 76,000 | 74,988 | 97,700 | 76,527 | |
Gain on extinguishment related to the cash tender offer | 8,544,000 | |||||||||||
Other expenses | 158,000 | |||||||||||
Amount received for a sales price adjustment from the sale of theatres located in Canada | 4,666,000 | |||||||||||
Other | ||||||||||||
Revenues | ||||||||||||
Total revenues | 3,114,000 | 7,160,000 | 7,711,000 | |||||||||
Diluted earnings (loss) per share: | ||||||||||||
Amount received for a sales price adjustment from the sale of theatres located in Canada | 4,666,000 | |||||||||||
AMCH | ||||||||||||
Interest expense: | ||||||||||||
Total other expense | 42,670,000 | -64,080,000 | -364,400,000 | |||||||||
Earnings (loss) from continuing operations before income taxes | -42,670,000 | 64,080,000 | 364,400,000 | |||||||||
Net earnings (loss) | ($42,670,000) | ($42,670,000) | $64,080,000 | $364,400,000 |