Amc Entertainment (AENPR) 10-K 10 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 12, 2016
Document and Entity Information
Entity Registrant Name	AMC ENTERTAINMENT INC
Entity Central Index Key	722,077
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float	$ 0
Entity Common Stock, Shares Outstanding		1
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Admissions	$ 1,892,037	$ 1,765,388	$ 1,847,327
Food and beverage	910,086	797,735	786,912
Other theatre	144,777	132,267	115,189
Total revenues	2,946,900	2,695,390	2,749,428
Operating costs and expenses
Film exhibition costs	1,021,457	934,246	976,912
Food and beverage costs	128,569	111,991	107,325
Operating expense	795,722	733,338	726,641
Rent	467,822	455,239	451,828
General and administrative:
Merger, acquisition and transaction costs	3,398	1,161	2,883
Other	58,212	64,873	97,288
Depreciation and amortization	232,961	216,321	197,537
Impairment of long-lived assets	1,702	3,149
Operating costs and expenses	2,709,843	2,520,318	2,560,414
Operating income	237,057	175,072	189,014
Other expense (income)
Other expense (income)	10,684	(8,344)	(1,415)
Interest expense:
Corporate borrowings	96,857	111,072	129,963
Capital and financing lease obligations	9,231	9,867	10,264
Equity in earnings of non-consolidated entities	(37,131)	(26,615)	(47,435)
Investment income	(6,115)	(8,145)	(2,084)
Total other expense (income)	73,526	77,835	89,293
Earnings from continuing operations before income taxes	163,531	97,237	99,721
Income tax provision (benefit)	59,675	33,470	(263,383)
Earnings from continuing operations	103,856	63,767	363,104
Gain from discontinued operations, net of income taxes		313	1,296
Net earnings	$ 103,856	$ 64,080	$ 364,400

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Comprehensive income
Net earnings	$ 103,856	$ 64,080	$ 364,400
Unrealized foreign currency translation adjustment, net of tax	1,372	978	179
Pension and other benefit adjustments:
Net gain (loss) arising during the period, net of tax	166	(13,543)	4,510
Prior service credit arising during the period, net of tax	746		9,271
Amortization of net (gain) loss reclassified into general and administrative: other, net of tax	(1,679)	(844)	(78)
Amortization of prior service credit reclassified into general and administrative: other, net of tax	(1,762)	(1,016)
Curtailment gain reclassified into general and administrative: other, net of tax	(7,239)
Settlement gain reclassified into general and administrative: other, net of tax	(196)
Marketable securities:
Unrealized net holding gain (loss) arising during the period, net of tax	(1,056)	2,627	(1,622)
Realized net (gain) loss reclassified into investment expense (income), net of tax	(156)	(31)	925
Equity method investees' cash flow hedge:
Unrealized net holding gain (loss) arising during the period, net of tax	(693)	(59)	2,085
Realized net (gain) loss reclassified into equity in earnings of non-consolidated entities, net of tax	457	528	(510)
Other comprehensive income (loss)	(10,040)	(11,360)	14,760
Total comprehensive income	$ 93,816	$ 52,720	$ 379,160

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and equivalents	$ 209,306,000	$ 216,155,000
Receivables, net	105,509,000	99,252,000
Other current assets	97,608,000	84,343,000
Total current assets	412,423,000	399,750,000
Property, net	1,401,928,000	1,247,230,000
Intangible assets, net	237,376,000	225,515,000
Goodwill	2,408,834,000	2,291,943,000
Deferred tax asset	125,903,000	181,755,000
Other long-term assets	523,525,000	417,604,000
Total assets	5,109,989,000	4,763,797,000
Current liabilities:
Accounts payable	313,025,000	262,635,000
Accrued expenses and other liabilities	158,664,000	136,262,000
Deferred revenues and income	221,679,000	213,882,000
Current maturities of corporate borrowings and capital and financing lease obligations	18,786,000	23,598,000
Total current liabilities	712,154,000	636,377,000
Corporate borrowings	1,924,366,000	1,775,132,000
Capital and financing lease obligations	93,273,000	101,533,000
Exhibitor services agreement	377,599,000	316,815,000
Other long-term liabilities	462,626,000	419,717,000
Total liabilities	$ 3,570,018,000	$ 3,249,574,000
Commitments and contingencies
Stockholder's equity:
Common Stock, 1 share issued with $.01 par value
Additional paid-in capital	$ 1,185,366,000	$ 1,174,886,000
Accumulated other comprehensive income	2,804,000	12,844,000
Accumulated earnings	351,801,000	326,493,000
Total stockholder's equity	1,539,971,000	1,514,223,000
Total liabilities and stockholder's equity	$ 5,109,989,000	$ 4,763,797,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
CONSOLIDATED BALANCE SHEETS
Common stock, shares issued (in shares)	1	1
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net earnings	$ 103,856,000	$ 64,080,000	$ 364,400,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	232,961,000	216,321,000	197,537,000
Deferred income taxes	51,660,000	32,430,000	(266,598,000)
Impairment of long-lived assets	1,702,000	3,149,000
Gain on extinguishment and modification of debt	(44,000)	(8,544,000)	(422,000)
Amortization of discount (premium) on corporate borrowings	808,000	832,000	(12,687,000)
Impairment of marketable equity security investment			1,370,000
Theatre and other closure expense	5,028,000	9,346,000	5,823,000
Stock-based compensation	10,480,000	11,293,000	12,000,000
(Gain) loss on dispositions	281,000	(630,000)	(2,876,000)
Equity in earnings and losses from non-consolidated entities, net of distributions	(9,603,000)	(102,000)	(19,611,000)
Landlord contributions	83,346,000	59,518,000	18,090,000
Deferred rent	(24,533,000)	(18,056,000)	(6,333,000)
Net periodic benefit cost (credit)	(18,208,000)	(3,418,000)	973,000
Change in assets and liabilities, excluding acquisitions:
Receivables	(1,428,000)	308,000	(3,365,000)
Other assets	(2,835,000)	(4,282,000)	(8,915,000)
Accounts payable	41,362,000	(13,692,000)	64,215,000
Accrued expenses and other liabilities	(8,583,000)	(52,603,000)	14,822,000
Other, net	1,414,000	1,352,000	(1,081,000)
Net cash provided by operating activities	467,664,000	297,302,000	357,342,000
Cash flows from investing activities:
Capital expenditures	(333,423,000)	(270,734,000)	(260,823,000)
Proceeds from the disposition of long-term assets	604,000	238,000	3,880,000
Investments in non-consolidated entities	(1,915,000)	(1,522,000)	(3,265,000)
Other, net	(1,849,000)	327,000	(7,448,000)
Net cash used in investing activities	(509,436,000)	(271,691,000)	(268,784,000)
Cash flows from financing activities:
Proceeds from extension and modification of Term Loan due 2022	124,375,000
Payment of initial public offering costs		(281,000)
Capital contribution from Holdings			355,580,000
Borrowings under Revolving Credit Facility	75,000,000
Principal payments under Term Loan	(5,813,000)	(7,750,000)	(7,813,000)
Principal payments under capital and financing lease obligations	(7,840,000)	(6,941,000)	(6,446,000)
Principal payments under promissory note	(1,389,000)	(1,389,000)
Principal amount of coupon payment under Senior Subordinated Notes due 2020	(3,486,000)	(6,227,000)
Increase in deferred financing costs	(21,252,000)	(7,952,000)	(9,126,000)
Payment of construction payables			(19,404,000)
Cash used to pay dividends to Holdings	(78,608,000)	(58,504,000)	(588,000)
Net cash provided by (used in) financing activities	35,286,000	(353,772,000)	324,928,000
Effect of exchange rate on cash and cash equivalents	(363,000)	5,000	(103,000)
Net increase (decrease) in cash and cash equivalents	(6,849,000)	(328,156,000)	413,383,000
Cash and equivalents at beginning of period	216,155,000	544,311,000	130,928,000
Cash and equivalents at end of period	209,306,000	216,155,000	544,311,000
Cash paid during the period for:
Interest (including amounts capitalized of $203, $315, $511)	103,913,000	113,578,000	152,220,000
Income taxes, net	5,351,000	1,084,000	1,646,000
Starplex Cinemas
Cash flows from investing activities:
Acquisition	(172,853,000)
Rave
Cash flows from investing activities:
Acquisition			(1,128,000)
5.75 % Senior Subordinated Notes due 2025
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes	600,000,000
5.875% Senior Subordinated Notes due 2022
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes		375,000,000
9.75% Senior Subordinated Notes due 2020
Cash flows from financing activities:
Repurchase of Senior Subordinated Notes	(645,701,000)
8.75% Senior Notes due 2019
Cash flows from financing activities:
Repurchase of Senior Subordinated Notes		(639,728,000)
Senior Secured Credit Facility-Term Loan due 2020
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes			773,063,000
Term loans due 2016
Cash flows from financing activities:
Principal payments under Term Loan			(464,088,000)
Term loans due 2018
Cash flows from financing activities:
Principal payments under Term Loan			(296,250,000)
NCM, LLC
Schedule of non-cash investing and financing activities:
Investment in non-consolidated affiliates	$ 76,101,000	$ 2,137,000	26,315,000
AC JV, LLC
Schedule of non-cash investing and financing activities:
Investment in non-consolidated affiliates			$ 8,333,000

CONSOLIDATED STATEMENTS OF CAS7

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF CASH FLOWS
Interest, capitalized	$ 203	$ 315	$ 511

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Earnings (Deficit)	Total
Balance at Dec. 31, 2012		$ 801,811	$ 9,444	$ (42,670)	$ 768,585
Balance (in shares) at Dec. 31, 2012	1
Increase (Decrease) in Stockholders' Equity
Net earnings				364,400	364,400
Other comprehensive earnings (loss)			14,760		14,760
Capital contributions from Holdings		355,299			355,299
Stock based compensation		6,483			6,483
Dividends to Holdings				(588)	(588)
Balance at Dec. 31, 2013		1,163,593	24,204	321,142	1,508,939
Balance (in shares) at Dec. 31, 2013	1
Increase (Decrease) in Stockholders' Equity
Net earnings				64,080	64,080
Other comprehensive earnings (loss)			(11,360)		(11,360)
Stock based compensation		11,293			11,293
Dividends to Holdings				(58,729)	(58,729)
Balance at Dec. 31, 2014		1,174,886	12,844	326,493	1,514,223
Balance (in shares) at Dec. 31, 2014	1
Increase (Decrease) in Stockholders' Equity
Net earnings				103,856	103,856
Other comprehensive earnings (loss)			(10,040)		(10,040)
Stock based compensation		10,480			10,480
Dividends to Holdings				(78,548)	(78,548)
Balance at Dec. 31, 2015		$ 1,185,366	$ 2,804	$ 351,801	$ 1,539,971
Balance (in shares) at Dec. 31, 2015	1

THE COMPANY AND SIGNIFICANT ACC

THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
BASIS OF PRESENTATION
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES	NOTE 1—THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES AMC Entertainment® Inc. ("AMCE" or the "Company") is an intermediate holding company, which, through its direct and indirect subsidiaries, including, American Multi-Cinema, Inc. ("OpCo") and its subsidiaries, American Multi-Cinema, Inc. ("OpCo") and its subsidiaries (collectively with AMCE, 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. AMCE is a wholly owned subsidiary of AMC Entertainment Holdings, Inc. ("Holdings"). Holdings is an indirect subsidiary of Dalian Wanda Group Co., Ltd. ("Wanda"), a Chinese private conglomerate. As of December 31, 2015, Wanda owned approximately 77.85% 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, commissions and offering expenses. The net IPO proceeds of approximately $355,299,000, were contributed by Holdings to AMCE. 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 stockholder's equity, net earnings and comprehensive income for the periods presented are attributable to controlling interests. As of December 31, 2015, December 31, 2014, and December 31, 2013, the Company managed its business under one reportable segment called Theatrical Exhibition. 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. 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 13% to 21% of the current month sales, and the Company recognizes the 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, 2015, December 31, 2014, and December 31, 2013, the Company recognized $22,879,000, $21,347,000, and $19,510,000 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, 2015, December 31, 2014, and December 31, 2013, the Company recognized $12,079,000, $11,710,000, and $0 of income, respectively, related to the derecognition of package ticket liabilities, which was recorded in other theatre revenues in the Consolidated Statements of Operations. 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, 2015 and December 31, 2014, the Company recorded film payables of $131,690,000 and $95,847,000, 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 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 $10,316,000, $10,317,000, and $9,684,000 for the twelve months ended December 31, 2015, December 31, 2014, and December 31, 2013, 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 acquisition of Holdings by Wanda on August 30, 2012 and other theatre 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. For the twelve months ended December 31, 2015, the Company recorded an intangible asset impairment charge of $839,000 related to a favorable lease for one theatre with six screens. There were no intangible asset impairment charges incurred during the twelve months ended December 31, 2014 and the twelve months ended December 31, 2013. 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 5—Investments for further discussion of the Company's investments in NCM. As of December 31, 2015, the Company holds equity method investments comprised of a 17.66% 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 15.45% interest in Digital Cinema Distribution Coalition, LLC ("DCDC"), a satellite distribution network for feature films and other digital cinema content; 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 and production 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 5—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 acquisition of Holdings by Wanda on August 30, 2012 and subsequent theatre 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 $2,408,834,000 and $2,291,943,000 as of December 31, 2015 and December 31, 2014, respectively. The Company evaluates goodwill and its indefinite-lived 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 2015 and the fourth quarter of calendar 2014, 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 2015 and the fourth quarter of calendar 2014, 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 partnerships and joint ventures, costs incurred in connection with the issuance of debt securities, which are being amortized to interest expense using the effective interest rate method over the respective lives of the issuances, and capitalized computer software, which is amortized over the estimated useful life of the software. See Note 6—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, 2015 and December 31, 2014 was $42,751,000 and $43,692,000, respectively. Leases: The majority of the Company's operations are conducted in premises occupied under lease agreements with initial base terms ranging generally from 12 to 15 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. 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 date the premises are ready for their intended use are expensed as a component of rent expense. The Company often receives contributions from landlords for renovations at existing locations. The Company records the amounts received from landlords 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 new 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 $74,898,000 and $80,645,000 in its Consolidated Balance Sheets related to these types of projects as of December 31, 2015 and December 31, 2014, 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 asset group 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 its 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 group, 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 existing renewal options will be exercised 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 14—Fair Value Measurements. Impairment losses in the Consolidated Statements of Operations are included in the following captions: (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Impairment of long-lived assets $ $ $ — Investment expense (income) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impairment losses $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ During calendar 2015, the Company recognized an impairment loss of $1,702,000 on three theatres with 15 screens, which was related to property, net of $863,000, and intangible assets, net of $839,000. 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. 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. 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, 2015 and December 31, 2014, the Company recorded casualty insurance reserves of $19,973,000 and $17,197,000, respectively, net of estimated insurance recoveries. The Company recorded expenses related to general liability and workers compensation claims of $18,487,000, $16,329,000, and $16,332,000 for the twelve months ended December 31, 2015, the twelve months ended December 31, 2014, and the twelve months ended December 31, 2013, respectively. Other Expense (Income): The following table sets forth the components of other expense (income): (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Gain on redemption of 8.75% Senior Fixed Rate Notes due 2019 $ — $ ) $ — Loss on modification of Senior Secured Credit Facility-Term Loan 2022 — — Gain on redemption and modification of Senior Secured Credit Facility-Term Loan 2020 — — ) Loss on redemption of 9.75% Senior Subordinated Notes due 2020 — — Business interruption insurance recoveries — — ) Other expense — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other expense (income) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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. Presentation: In the Consolidated Statements of Cash Flows, certain line items within operating activities have been presented separately from the "other, net" line item in the current year presentation, with conforming reclassifications made for the prior period presentation. New Accounting Pronouncements: In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases, which is intended to improve financial reporting about leasing transactions. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by lease terms of more than 12 months. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact the adoption of ASU 2016-02 will have on the its consolidated financial position, results of operations or cash flows. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740)—Balance Sheet Classification of Deferred Taxes ("ASU 2015-17"). The standard amends the current requirement for entities to present deferred tax assets and liabilities as current and noncurrent in a consolidated balance sheet by jurisdiction. Instead, entities will be required to classify all deferred tax assets and liabilities as noncurrent by jurisdiction. ASU 2015-17 is effective for financial statements issued for annual periods beginning after December 15, 2016, with early adoption permitted. The Company elected to early adopt this pronouncement retrospectively, as permitted. As such, certain prior period amounts have been reclassified to conform to the current period presentation. In the Consolidated Balance Sheet as of December 31, 2014, the Company reclassified the current deferred tax asset of $107,938,000 to long-term deferred tax asset. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805)—Simplifying the Accounting for Measurement-Period Adjustments ("ASU 2015-16"). The standard requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. ASU 2015-16 eliminates the requirement to retrospectively account for those adjustments. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. The Company elected to early adopt this pronouncement and the adoption did not impact the Company's consolidated financial position, results of operations or cash flows. In April 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30)—Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"), which requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this standard. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. The Company will adopt ASU 2015-03 as of the beginning of 2016 and will change the presentation of the debt issuance costs for its term loan and senior subordinated notes by reclassifying the amounts from other long-term assets to corporate borrowings in the Consolidated Balance Sheets. 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 U.S. generally accepted accounting principles when it becomes effective. On July 9, 2015, the FASB decided to delay the effective date of ASU 2014-09 by one year. The new standard is effective for the Company on January 1, 2018. Companies may elect to adopt this application as of the original effective date for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. 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 was effective prospectively for annual periods beginning on or after December 15, 2014, and interim reporting periods within those years. Early adoption was permitted. The Company adopted ASU 2014-08 as of the beginning of 2015 and the adoption did not impact the Company's consolidated financial position, results of operations or cash flows.

ACQUISITION

ACQUISITION	12 Months Ended
	Dec. 31, 2015
ACQUISITION
ACQUISITION	NOTE 2—ACQUISITION In December 2015, the Company completed the acquisition of SMH Theatres, Inc. ("Starplex Cinemas") for cash. The purchase price for Starplex Cinemas was $172,853,000, net of cash acquired, and is subject to working capital and other purchase price adjustments as described in the stock purchase agreement. Starplex Cinemas operates 33 theatres with 346 screens in small and mid-size markets in 12 states, which further complements the Company's large market portfolio. The Company expects to realize synergies and cost savings related to this acquisition as a result of purchasing and procurement economies of scale and general and administrative expense savings, particularly with respect to the consolidation of corporate related functions and elimination of redundancies. The acquisition is 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 preliminary valuation assessment. The allocation of purchase price is preliminary and subject to changes as an appraisal of both tangible and intangible assets and liabilities is finalized, working capital and other purchase price adjustments are completed and additional information regarding the tax bases of assets and liabilities becomes available. The following is a summary of a preliminary allocation of the purchase price: (In thousands) Total Cash $ Receivables Other current assets Property(1) Intangible assets(2) Goodwill(3) Other long-term assets Accounts payable ) Accrued expenses and other liabilities ) Deferred revenues and income ) Deferred tax liability ) Other long-term liabilities(4) ) ​ ​ ​ ​ ​ Total estimated purchase price $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Amounts recorded for property includes land, buildings, leasehold improvements, furniture, fixtures and equipment. (2) Amounts recorded for intangible assets includes favorable leases, a non-compete agreement and trade name. (3) Amounts recorded for goodwill are generally not expected to be deductible for tax purposes. (4) Amounts recorded for other long-term liabilities consist of an unfavorable lease. 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, and market comparables. During the twelve months ended December 31, 2015, the Company incurred acquisition-related costs for Starplex Cinemas of approximately $1,534,000, which were 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, 2015 were not materially impacted by this acquisition. In connection with the acquisition of Starplex Cinemas, the Company classified two Starplex Cinemas theatres with 22 screens as held for sale during the twelve months ended December 31, 2015, that were divested in January 2016 as required by the Antitrust Division of the United States Department of Justice. Assets held for sale of approximately $5,390,000 were classified as other current assets in the Company's Consolidated Balance Sheets.

PROPERTY

PROPERTY	12 Months Ended
	Dec. 31, 2015
PROPERTY
PROPERTY	NOTE 3—PROPERTY A summary of property is as follows: (In thousands) December 31, 2015 December 31, 2014 Property owned: Land $ $ Buildings and improvements Leasehold improvements Furniture, fixtures and equipment ​ ​ ​ ​ ​ ​ ​ ​ Less: accumulated depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property leased under capital leases: Building and improvements Less: accumulated depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 for assets placed in service subsequent to the lease inception. The estimated useful lives are as follows: Buildings and improvements 5 to 40 years Leasehold improvements 1 to 20 years Furniture, fixtures and equipment 1 to 10 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 $210,326,000, $194,930,000, and $176,998,000 for the twelve months ended December 31, 2015, December 31, 2014, and December 31, 2013, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 4—GOODWILL AND OTHER INTANGIBLE ASSETS Activity of goodwill is presented below: (In thousands) Total Balance as of December 31, 2013 $ ​ ​ ​ ​ ​ Balance as of December 31, 2014 ​ ​ ​ ​ ​ Acquisition of Starplex Cinemas ​ ​ ​ ​ ​ Balance as of December 31, 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Detail of other intangible assets is presented below: December 31, 2015 December 31, 2014 (In thousands) Remaining Useful Life Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable Intangible Assets: Favorable leases 3 to 43 years $ $ ) $ $ ) Management contracts 2 to 5 years ) ) Non-compete agreement 5 year — ) NCM tax receivable agreement 21 years ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total, amortizable $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unamortized Intangible Assets: AMC trademark $ $ Starplex trade name — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total, unamortizable $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization expense associated with the intangible assets noted above is as follows: (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Recorded amortization $ $ $ Estimated annual amortization for the next five calendar years for intangible assets is projected below: (In thousands) 2016 2017 2018 2019 2020 Projected annual amortization $ $ $ $ $ Additional information for Starplex Cinemas intangible assets acquired on December 16, 2015 is presented below: (In thousands) Weighted Average Amortization Period Gross Carrying Amount Acquired Intangible Assets: Amortizable Intangible Assets: Favorable leases 18 years $ Non-compete agreement 5 years ​ ​ ​ ​ ​ ​ ​ Total, amortizable 15.7 years $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unamortizable Intangible Assets: Starplex Cinemas trade name $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2015
INVESTMENTS
INVESTMENTS	NOTE 5—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, and are recorded in the Consolidated Balance Sheets in other long-term assets. Investments in non-consolidated affiliates as of December 31, 2015, include interests in NCM of 17.66%, DCIP of 29%, DCDC of 15.45%, Open Road Films of 50%, and AC JV, owner of Fathom Events, of 32%. The Company also has partnership interests in two U.S. motion picture theatres and one IMAX screen of 50% ("Theatre Partnerships"). Indebtedness held by equity method investees is non-recourse to the Company. At December 31, 2015, the Company's recorded investments are less than its proportional ownership of the underlying equity in these entities by approximately $16,876,000, excluding NCM and Open Road Films. Amounts payable to Theatre Partnerships were $2,897,000 and $6,194,000 as of December 31, 2015 and December 31, 2014, respectively. RealD 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 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 is being amortized on a straight-line basis over the remaining contract life of approximately 5 years as of December 31, 2015, to reduce RealD license expense recorded in the consolidated statements of operations under operating expense. As of December 31, 2015, the unamortized deferred lease incentive balance included in other long-term liabilities was $13,408,000. Fair value adjustments for 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 the "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, 2015, the Company owns a 17.66% 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. In December 2015, the Company elected to exchange 200,000 NCM membership units for 200,000 common shares of NCM, Inc. No gain or loss was recorded on the exchange and the common stock investment in NCM, Inc. follows the equity method of accounting. The fair value of the 23,862,988 units in National CineMedia, LLC and the 200,000 shares of NCM, Inc. was approximately $378,030,000 based on a price for shares of NCM, Inc. on December 31, 2015 of $15.71 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. In March 2013, the Company received 1,728,988 common membership units of NCM from the annual Common Unit Adjustment, primarily due to the increase in screens from the Rave theatre acquisitions in December 2012. 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), in March 2015, the Company received 469,163 membership units recorded at a fair value of $6,812,000 ($14.52 per unit), and in December 2015, the Company received 4,399,324 membership units recorded at a fair value of $69,289,000 ($15.75 per unit), primarily due to the increase in screens from the Starplex Cinemas acquisition in December 2015. 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 30 th anniversary date of the NCM, Inc. IPO and related transactions. As a result of Wanda acquiring Holdings on August 30, 2012, 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, 2015, the twelve months ended December 31, 2014, and the twelve months ended December 31, 2013, payments received of $6,555,000, $8,730,000, $3,677,000, 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. The Company's recorded investment in NCM exceeds its proportional ownership in the equity of NCM by approximately $732,788,000 as of December 31, 2015. The Company recorded the following related party transactions with NCM: (In thousands) December 31, 2015 December 31, 2014 Due from NCM for on-screen advertising revenue $ $ Due to NCM for Exhibitor Services Agreement Promissory note payable to NCM (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Other theatre revenues: Net NCM screen advertising revenues $ $ $ Operating expense: NCM beverage advertising expense 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, 2015, $39,000 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, 2015 December 31, 2014 Due from DCIP for equipment and warranty purchases $ $ Deferred rent liability for digital projectors (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Operating expense: Digital equipment rental expense $ $ $ Warranty reimbursements from DCIP 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 remaining commitment to invest up to an additional $10,000,000, in the event additional capital is required. For the twelve months ended December 31, 2015, the Company suspended equity method accounting for its investment in Open Road Films when the negative investment in Open Road Films reached the Company's capital commitment of $10,000,000. The Company's share of cumulative losses from Open Road Films in excess of the Company's capital commitment was $14,422,000 as of December 31, 2015. The Company's recorded investment in Open Road Films exceeds its proportional ownership in the equity of Open Road Films by approximately $19,840,000 as of December 31, 2015. The Company recorded the following related party transactions with Open Road Films: (In thousands) December 31, 2015 December 31, 2014 Due from Open Road Films $ $ Film rent payable to Open Road Films (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Film exhibition costs: Gross exhibition cost on Open Road Films $ $ $ AC JV Transactions On December 26, 2013, the Company amended and restated its existing Exhibitor Services Agreement ("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, 2015 December 31, 2014 Due to AC JV for Fathom Events programming $ $ (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Film exhibition costs: Gross exhibition cost on Fathom Events programming $ $ $ — Summary Financial Information Investments in non-consolidated affiliates accounted for under the equity method as of December 31, 2015, 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, 2015 (In thousands) NCM DCIP Open Road AC JV Other Total Current assets $ $ $ $ $ $ Noncurrent assets Total assets Current liabilities Noncurrent liabilities — — Total liabilities Stockholders' equity (deficit) ) ) Liabilities and stockholders' equity (deficit) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company's recorded investment(1) $ $ $ ) $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (In thousands) NCM DCIP Open Road AC JV Other Total Current assets $ $ $ $ $ $ Noncurrent assets Total assets Current liabilities Noncurrent liabilities — — Total liabilities Stockholders' equity (deficit) ) ) ) Liabilities and stockholders' equity (deficit) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company's recorded investment(1) $ $ $ ) $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Certain differences in the Company's recorded investments, and its proportional ownership share resulting from the acquisition of Holdings by Wanda on August 30, 2012, where the investments were recorded at fair value, are amortized to equity in (earnings) losses of non-consolidated entities over the estimated useful lives of 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, 2015 (In thousands) NCM DCIP Open Road AC JV Other Total Revenues $ $ $ $ $ $ Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ ) $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12 Months Ended December 31, 2014 (In thousands) NCM DCIP Open Road AC JV Other Total Revenues $ $ $ $ $ $ Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ ) $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12 Months Ended December 31, 2013 (In thousands) NCM DCIP Open Road AC JV Other Total Revenues $ $ $ $ — $ $ Operating costs and expenses — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ $ — $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The components of the Company's recorded equity in earnings (losses) of non-consolidated entities are as follows: (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 National CineMedia, LLC $ $ $ Digital Cinema Implementation Partners, LLC Open Road Releasing, LLC ) ) AC JV, LLC — Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company's recorded equity in earnings $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2015, December 31, 2014, and December 31, 2013: (In thousands) Investment in NCM(1) Exhibitor Services Agreement(2) Other Comprehensive (Income) Cash Received Equity in (Earnings) Losses Advertising (Revenue) Ending balance at December 31, 2012 $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receipt of common units ) — $ — $ — $ — Receipt of excess cash distributions ) — — — — Amortization of ESA — — — — ) Unrealized gain from cash flow hedge — ) — — — Adjust carrying value of AC JV, LLC(3) — — — — — Change in interest gain(4) — — — ) — Equity in earnings(5) — — — ) — Equity in loss from amortization of basis difference(6) ) — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at December 31, 2013 $ $ ) $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receipt of common units ) — — — — Receipt of excess cash distributions ) — — — — Amortization of ESA — — — — ) Unrealized gain from cash flow hedge — ) — — — Equity in earnings(5) — — — ) — Equity in loss from amortization of basis difference(6) ) — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at December 31, 2014 $ $ ) $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receipt of common units ) — — — — Exchange of common units ) — — — — — Receipt of excess cash distributions ) — — — — Amortization of ESA — — — — ) Unrealized gain from cash flow hedge — ) — — — Equity in earnings(5) — — — ) — Equity in loss from amortization of basis difference(6) ) — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at December 31, 2015 $ $ ) $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The following table represents AMC's investment in common membership units including units received under the Common Unit Adjustment Agreement dated as of February 13, 2007: Common Membership Units Tranche 1 Tranche 2(a) Beginning balance at December 31, 2012 — Additional units received in March 2013 — Additional units received in March 2014 — Additional units received in March 2015 — Additional units received in December 2015 — Units exchanged for NCM, Inc. shares in December 2015 — ) ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at December 31, 2015 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) The additional units received in March 2013, March 2014, March 2015, and December 2015 were measured at fair value (Level 1) using NCM, Inc.'s stock price of $15.22, $15.08, $14.52, and $15.75 respectively. (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 ). (3) 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. (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) Represents equity in earnings on both Tranche 1 and Tranche 2 Investments. (6) 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.

SUPPLEMENTAL BALANCE SHEET INFO

SUPPLEMENTAL BALANCE SHEET INFORMATION	12 Months Ended
	Dec. 31, 2015
SUPPLEMENTAL BALANCE SHEET INFORMATION
SUPPLEMENTAL BALANCE SHEET INFORMATION	NOTE 6—SUPPLEMENTAL BALANCE SHEET INFORMATION Other assets and liabilities consist of the following: (In thousands) December 31, 2015 December 31, 2014 Other current assets: Prepaid rent $ $ Income taxes receivable Prepaid insurance and other Merchandise inventory Assets held for sale — Other ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other long-term assets: Investments in real estate $ $ Deferred financing costs Investments in equity method investees Computer software Investment in RealD Inc. common stock Other ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued expenses and other liabilities: Taxes other than income $ $ Interest Payroll and vacation Current portion of casualty claims and premiums Accrued bonus Theatre and other closure Accrued licensing and percentage rent Current portion of pension and other benefits liabilities Other ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other long-term liabilities: Unfavorable lease obligations $ $ Deferred rent Pension and other benefits RealD deferred lease incentive Casualty claims and premiums Theatre and other closure Other ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

CORPORATE BORROWINGS AND CAPITA

CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS	12 Months Ended
	Dec. 31, 2015
CORPORATE BORROWINGS
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS	NOTE 7—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, 2015 December 31, 2014 Senior Secured Credit Facility-Term Loan due 2022 (4.0% as of December 31, 2015) $ $ — Senior Secured Credit Facility-Term Loan due 2020 — Senior Secured Credit Facility-Revolving Credit Facility due 2020 (2.8445% as of December 31, 2015) — 5% Promissory Note payable to NCM due 2019 9.75% Senior Subordinated Notes due 2020 — 5.875% Senior Subordinated Notes due 2022 5.75% Senior Subordinated Notes due 2025 — Capital and financing lease obligations, 6.0% - 11.5% ​ ​ ​ ​ ​ ​ ​ ​ Less: current maturities ) ) ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The carrying amount of the Term Loan due 2022 includes unamortized net discount of $1,619,000 as of December 31, 2015. Minimum annual payments required under existing capital and financing lease obligations (net present value thereof) and maturities of corporate borrowings as of December 31, 2015 are as follows: Capital and Financing Lease Obligations Principal Amount of Corporate Borrowings (In thousands) Minimum Lease Payments Less Interest Principal Total 2016 $ $ $ $ $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AMCE's Senior Secured Credit Facility The Senior Secured Credit Facility is with a syndicate of banks and other financial institutions. The Senior Secured Credit Facility also provides for a Revolving Credit Facility, including a borrowing capacity which is available for letters of credit and for swingline borrowings on same-day notice. Senior Secured Credit Facility. On April 30, 2013, AMCE entered into a $925,000,000 Senior Secured Credit Facility pursuant to which AMCE borrowed term loans and used the proceeds to fund the redemption of the former Senior Secured Credit Facility term loans. The Senior Secured Credit Facility was comprised of a $150,000,000 Revolving Credit Facility, which matured on April 30, 2018 (the "Revolving Credit Facility"), and a $775,000,000 term loan, which matured on April 30, 2020 (the "Term Loan due 2020"). The Term Loan due 2020 required 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 was 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. Concurrently with the Term Loan due 2020 borrowings on April 30, 2013, AMCE redeemed all of the outstanding former Senior Secured Credit Facility at a redemption price of 100% of the outstanding aggregate principal balance of $760,338,000, plus accrued and unpaid interest. The Company recorded a net gain of approximately $130,000 in other expense (income), which consisted of a premium write-off, partially offset by the third-party costs incurred in connection with the repurchase due to the former Senior Secured Credit Facility term loans, during the twelve months ended December 31, 2013. First Amendment. On December 11, 2015, AMCE entered into a first amendment to its Senior Secured Credit Agreement dated April 30, 2013 ("First Amendment"). The First Amendment provides for the incurrence of $125,000,000 incremental term loans ("Incremental Term Loan"). In addition, the First Amendment, among other things, (a) extends the maturity date with respect to (i) the existing Term Loan due 2020 and the Incremental Term Loan (together "Term Loan due 2022") to December 15, 2022 and (ii) the Revolving Credit Facility from April 30, 2018 to December 15, 2020 and (b) increases the applicable margin for the Term Loan due 2022 from 1.75% with respect to base rate borrowings to 2.25% and 2.75% with respect to LIBOR borrowings to 3.25%. AMCE capitalized additional deferred financing costs of approximately $6,545,000 related to the modification of the Revolving Credit Facility and approximately $3,329,000 related to the modification of the term loans under the Senior Secured Credit Facility. The proceeds of the Incremental Term Loan were used by AMCE to pay expenses related to the First Amendment transactions and the Starplex Cinemas acquisition. The Company recorded a loss of approximately $1,366,000 in other expense (income) during the twelve months ended December 31, 2015, which consisted of third-party costs, deferred financing costs, and discount write-off incurred in connection with the modification of the Senior Secured Credit Facility. At December 31, 2015, the aggregate principal balance of the Term Loan due 2022 was $880,625,000 and borrowings under the Revolving Credit Facility were $75,000,000. As of December 31, 2015, AMCE had approximately $62,059,000 available for borrowing, net of letters of credit, under its Revolving 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 2022 is 2.25% for base rate borrowings and 3.25% 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 2022 at December 31, 2015 was 4.0% based on LIBOR (3.25% margin plus 0.75% minimum LIBOR rate). Prior to redemption, the applicable rate for borrowings under the Term Loan due 2020 at December 10, 2015 was 3.5% based on LIBOR (2.75% margin plus 0.75% minimum LIBOR rate). The Term Loan due 2022 requires repayments of principal of 0.25% of the original principal amount, or $2,201,500 per quarter, with any remaining balance due on December 15, 2022. 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 5.875% Senior Subordinated Notes due 2022 and the 5.75% Senior Subordinated Notes due 2025; 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. Holdings is not a party to the Senior Secured Credit Agreement and is not a guarantor of the obligations thereunder. 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. 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 (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 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 expense (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 9.75% Senior Subordinated Notes due 2020 ("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. On May 26, 2015, AMCE launched a cash tender offer for any and all of its outstanding Notes due 2020 at a purchase price of $1,093 for each $1,000 principal amount of Notes due 2020 validly tendered and accepted by AMCE on or before June 2, 2015 (the "Expiration Date"). Holders of $581,324,000, or approximately 96.9%, of the Notes due 2020 validly tendered and did not withdraw their Notes due 2020 on or prior to the Expiration Date. On October 30, 2015, AMCE gave notice of its intention to redeem any and all of the remaining $18,676,000 principal amount of the Notes due 2020 on December 1, 2015 at 104.875% of the principal amount, plus accrued and unpaid interest to the redemption date. AMCE completed the redemption of all of its outstanding Notes due 2020 on December 1, 2015. The Company recorded a loss on extinguishment related to the redemptions of the Notes due 2020 of approximately $9,318,000 in other expense (income) during the twelve months ended December 31, 2015. 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. AMCE capitalized deferred financing costs of approximately $7,748,000, related to the issuance of the Notes due 2022. 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. AMCE's Notes due 2025 On June 5, 2015, AMCE issued $600,000,000 aggregate principal amount of its 5.75% Senior Subordinated Notes due 2025 (the "Notes due 2025") in a private offering. AMCE capitalized deferred financing costs of approximately $11,378,000, related to the issuance of the Notes due 2025. The Notes due 2025 mature on June 15, 2025. AMCE will pay interest on the Notes due 2025 at 5.75% per annum, semi-annually in arrears on June 15th and December 15th, commencing on December 15, 2015. AMCE may redeem some or all of the Notes due 2025 at any time on or after June 15, 2020 at 102.875% of the principal amount thereof, declining ratably to 100% of the principal amount thereof on or after June 15, 2023, plus accrued and unpaid interest to the redemption date. Prior to June 15, 2020, AMCE may redeem the Notes due 2025 at par plus a make-whole premium. AMCE used the net proceeds from the Notes due 2025 private offering and cash on hand, to pay the consideration for the tender offer for the Notes due 2020, plus any accrued and unpaid interest and related transaction fees and expenses. The Notes due 2025 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 2025 are not guaranteed by Holdings. The indenture governing the Notes due 2025 contains covenants limiting other indebtedness, dividends, purchases or redemptions of stock, transactions with affiliates, and mergers and sales of assets. On June 5, 2015, in connection with the issuance of the Notes due 2025, AMCE entered into a registration rights agreement. Subject to the terms of the registration rights agreement, AMCE filed a registration statement on June 19, 2015 pursuant to the Securities Act of 1933, as amended, relating to an offer to exchange the original Notes due 2025 for exchange Notes due 2025 registered pursuant to an effective registration statement; the registration statement was declared effective on June 29, 2015, and AMCE commenced the exchange offer. The exchange notes have terms substantially identical to the original notes except that the exchange notes do not contain terms with respect to transfer restrictions and registration rights and additional interest payable for the failure to consummate the exchange offer within 210 days after the issue date. After the exchange offer expired on July 27, 2015, all of the original Notes due 2025 were exchanged. OpCo's Promissory Note See Note 5—Investments for information regarding the 5% Promissory Note payable to NCM. Financial Covenants Each indenture relating to the Notes due 2025 and the Notes due 2022 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 indentures for the Notes due 2022 and Notes due 2025, at December 31, 2015 AMCE could borrow approximately $2,537,700,000 (assuming an interest rate of 7.0% 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 2022, as of December 31, 2015, the amount of loans and dividends which AMCE could make to Holdings could not exceed approximately $1,218,246,000 in the aggregate. As of December 31, 2015, AMCE was in compliance with all financial covenants relating to the Senior Secured Credit Facility, the Notes due 2022, and the Notes due 2025.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2015
STOCKHOLDER'S EQUITY
STOCKHOLDERS' EQUITY	NOTE 8—STOCKHOLDER'S EQUITY AMCE has one share of Common Stock issued as of December 31, 2015, which is owned by Holdings. Dividends The following is a summary of dividends and dividend equivalents declared by Holdings' Board of Directors during the twelve months ended December 31, 2015: Declaration Date Record Date Date Paid Amount per Share of Common Stock Total Amount Declared (In thousands) February 3, 2015 March 9, 2015 March 23, 2015 $ $ April 27, 2015 June 8, 2015 June 22, 2015 July 28, 2015 September 8, 2015 September 21, 2015 October 29, 2015 December 7, 2015 December 21, 2015 During the twelve months ended December 31, 2015, the Company paid dividends and dividend equivalents of $78,608,000, increased additional paid-in capital for recognition of deferred tax assets of $268,000 related to the dividend equivalents paid, and accrued $165,000 for the remaining unpaid dividends at December 31, 2015. The aggregate dividends paid for Class A common stock, Class B common stock, and dividend equivalents were approximately $17,260,000, $60,662,000, and $686,000, respectively. The following is a summary of dividends and dividend equivalents declared by Holdings' Board of Directors during the twelve months ended December 31, 2014: Declaration Date Record Date Date Paid Amount per Share of Common Stock Total Amount Declared (In thousands) April 25, 2014 June 6, 2014 June 16, 2014 $ $ July 29, 2014 September 5, 2014 September 15, 2014 October 27, 2014 December 5, 2014 December 15, 2014 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 August 30, 2012. Management elected to satisfy $588,000 of the tax withholding obligation by tendering the shares of Class A common stock to Holdings. Related Party Transaction As of December 31, 2015 and December 31, 2014, the Company recorded a receivable due from Wanda of $141,000 and $156,000, respectively for reimbursement of general administrative and other expense incurred on behalf of Wanda. Stock-Based Compensation The Company has no stock-based compensation arrangements of its own at December 31, 2014, but Holdings adopted a stock-based compensation plan in December of 2013. The Company recorded stock-based compensation expense of $10,480,000, $11,293,000, and $12,000,000 within general and administrative: other during the twelve months ended December 31, 2015, the twelve months ended December 31, 2014, and the twelve months ended December 31, 2013, respectively. The Company's financial statements reflect an increase to additional paid-in capital related to stock-based compensation of $10,480,000 and $11,293,000 during the twelve months ended December 31, 2015 and the twelve months ended December 31, 2014, respectively. As of December 31, 2015, there was approximately $20,000 of total unrecognized compensation cost related to stock-based compensation arrangements expected to be recognized during calendar 2016. 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, 2015, the aggregate number of shares of Holdings' common stock available for grant was 8,296,571 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 and 2015 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. During calendar 2014 and calendar 2015, the grant date fair value of these awards was based on the closing price of Holdings' stock on the date of grant, which ranged from $20.18 to $33.96 per share. The award agreements generally had the following features: • Stock Award Agreement: The Company granted 15,312 and 11,035 fully vested shares of Class A common stock to its independent members of Holdings' Board of Directors during the twelve months ended December 31, 2015 and December 31, 2014, respectively. In connection with these share grants, the Company recognized approximately $382,000 and $226,000 of expense in general and administrative: other expense during the twelve months ended December 31, 2015 and December 31, 2014, respectively. • Restricted Stock Unit Award Agreement: The Company granted 84,649 and 118,849 RSU awards to certain members of management during the twelve months ended December 31, 2015 and the twelve months ended December 31, 2014, respectively. Each RSU represents the right to receive one share of Class A common stock at a future date. The RSUs were 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 $2,875,000 and $2,408,000 of expense in general and administrative: other expense during the twelve months ended December 31, 2015 and December 31, 2014, respectively, in connection with these fully vested awards. During the twelve months ended December 31, 2015 and December 31, 2014, RSU awards of 58,749 and 128,641 units, respectively, were granted to certain executive officers. The RSUs granted each year would have been forfeited if Holdings did not achieve a specified annual cash flow from operating activities target for the calendar year. 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 began 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 Company recognized expense for these awards of $1,995,000 and $2,596,000, within general and administrative: other expense, during the twelve months ended December 31, 2015 and the twelve months ended December 31, 2014, respectively, due to the achievement of the performance condition. On August 7, 2015, a RSU award of 19,226 units was granted to the Interim Chief Executive Officer and President, with a grant date fair value of approximately $569,000. Each RSU will convert into one share of Class A common stock immediately upon vesting which will occur upon the earliest of; (1) the first day of employment of a replacement Chief Executive Officer, (2) March 15, 2016, or (3) the Company's termination of the participant without cause. All unvested RSUs will be forfeited upon the participant's termination as Interim Chief Executive Officer and President prior to vesting as a result of the participant's voluntary resignation or removal from such position by the Board of Directors for cause. A dividend equivalent equal to the amount paid in respect of one share of Class A common stock underlying the RSUs began 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. The Company recognized approximately $549,000 in general and administrative: other expense during the twelve months ended December 31, 2015, in connection with this award. • Performance Stock Unit Award Agreement: PSU awards were granted to certain members of management and executive officers, with both a specified annual free cash flow performance target condition and a 1 year service condition, ending on December 31st. 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%. 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 31st. 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. 2015 PSU Awards. The PSU awards were granted on March 6, 2015. As a result of the one-year service condition being met and attainment of the target performance condition at 122.8%, the gross number of PSUs granted was 168,949 units. The Company recognized expense of $4,679,000, net of forfeitures, within general and administrative: other expense during the twelve months ended December 31, 2015. 2014 PSU Awards. 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. 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 Company recognized expense of $6,063,000, net of forfeitures, 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, 2015 and the twelve months ended December 31, 2014: Shares of RSU and PSU Weighted Average Grant Date Fair Value Beginning balance at January 1, 2014 — $ — Granted Vested ) Forfeited ) ​ ​ ​ ​ ​ ​ ​ ​ Nonvested at December 31, 2014 — $ — Granted Vested(1) ) Forfeited ) ​ ​ ​ ​ ​ ​ ​ ​ Nonvested at December 31, 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Includes vested units of 3,131 that were withheld to cover tax obligations and were subsequently canceled. As a result of this transaction, additional paid-in capital decreased by $107,000.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
INCOME TAXES
INCOME TAXES	NOTE 9—INCOME TAXES The Income tax provision reflected in the Consolidated Statements of Operations consists of the following components: (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Current: Federal $ $ — $ — Foreign — — — State ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred: Federal ) Foreign — — — State ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total deferred ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total provision (benefit) ) Tax provision from discontinued operations — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total provision (benefit) from continuing operations $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Domestic $ $ $ Foreign — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The difference between the effective tax rate on earnings from continuing operations before income taxes and the U.S. federal income tax statutory rate is as follows: (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Income tax expense at the federal statutory rate $ $ $ Effect of: State income taxes Increase (decrease) in reserve for uncertain tax positions ) Federal and state credits ) ) ) Change in net operating loss carryforward for excess tax deductions — — ) Permanent items Other ) ) Valuation allowance ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income tax expense (benefit) $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effective income tax rate % % )% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The significant components of deferred income tax assets and liabilities as of December 31, 2015 and December 31, 2014 are as follows: December 31, 2015 December 31, 2014 Deferred Income Tax Deferred Income Tax (In thousands) Assets Liabilities Assets Liabilities Tangible assets $ — $ ) $ — $ ) Accrued liabilities — — Intangible assets — ) — ) Receivables — ) — ) Investments — ) — ) Capital loss carryforwards — — — Pension, postretirement and deferred compensation — — Corporate borrowings — — — Deferred revenue — — Lease liabilities — — Capital and financing lease obligations — — Alternative minimum tax and other credit carryovers — — Charitable contributions — — — Net operating loss carryforwards — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ) $ $ ) Less: Valuation allowance ) — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred income taxes $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ A rollforward of the Company's valuation allowance for deferred tax assets is as follows: (In thousands) Balance at Beginning of Period Additions Charged (Credited) to Expenses Charged (Credited) to Goodwill Charged (Credited) to Other Accounts(1) Balance at End of Period Calendar Year 2015 Valuation allowance—deferred income tax assets $ ) — — $ Calendar Year 2014 Valuation allowance—deferred income tax assets $ — — — $ Calendar Year 2013 Valuation allowance—deferred income tax assets $ ) $ — (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. During the twelve months ended December 31, 2015, the Company received a favorable state ruling that resulted in a reduction of uncertain tax positions and, as a result, the Company recorded a net discrete tax benefit of approximately $2,900,000. The $2,900,000 consisted of $2,100,000 net discrete benefit for reduction of uncertain tax positions and $800,000 related to establishing a receivable for amounts previously paid. During the twelve months ended December 31, 2015, the Company received a notice of proposed adjustment from the Internal Revenue Service based upon its ongoing review of the Company's tax return for the fiscal period ended March 29, 2012. As a result of this notification, the Company recorded a net discrete tax provision of $1,000,000 for interest on the proposed adjustment ($610,000 net of tax), reinstated approximately $9,200,000 of deferred tax assets and recorded current interest and taxes payable of $10,200,000. The Company's federal income tax loss carryforward of $542,102,000 will begin to expire in 2017 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 $321,105,000, which may be used over various periods ranging from 1 to 20 years. From 2008 to 2012, prior to Wanda acquiring Holdings, the Company's entity generated significant net deferred tax assets primarily from debt carrying costs and asset impairments combined with reduced operating profitability. At December 31, 2015 and December 31, 2014, the Company recorded net deferred tax assets of $126,198,000 and $181,782,000, 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, 2015, 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. In addition, AMCE utilized a portion of proceeds from the public offering of Holdings common stock during 2013 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 Company has identified a prudent and feasible tax planning strategy which involves the conversion of NCM units into NCM, Inc. common stock that, when executed, generates significant taxable income. The conversion is within the control of the Company and the Company executes the conversion when it becomes necessary to prevent its net operating loss and / or capital loss carryforwards from expiring unrealized. On December 30, 2015, the Company converted 200,000 of its NCM units to NCM, Inc. shares and recognized approximately $4,600,000 of capital gain pursuant to the tax planning strategy described above. See Note 5—Investments for additional information. 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 Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Balance at beginning of period $ $ $ Gross increases—current period tax positions Gross increases—prior period tax positions Favorable resolutions with authorities ) — ) Lapse of statute of limitations ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of period $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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. The amount of interest expense related to federal uncertain tax positions recognized for the year ended December 31, 2015 was $1,000,000. The Company analyzed and reviewed the remaining state uncertain tax positions to determine the necessity of accruing interest and penalties. The amount of interest to be accrued was immaterial in nature, due to jurisdictions with uncertain tax positions having overpayments to the Company or the amount of the uncertain tax position itself was small in nature. 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, 2015
LEASES
LEASES	NOTE 10—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, 2015: (In thousands) Minimum operating lease payments 2016 $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ Total minimum payments required $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2015, the Company has lease agreements for six theatres with 68 screens which are under construction or development and are expected to open in 2016 and 2017. Included in other long-term liabilities as of December 31, 2015 and December 31, 2014 was $206,265,000 and $120,184,000, respectively, of deferred rent representing future minimum rental payments for leases with scheduled rent increases and landlord contributions, and $140,440,000 and $165,073,000, respectively, for unfavorable lease liabilities. Rent expense is summarized as follows: (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Minimum rentals $ $ $ Common area expenses Percentage rentals based on revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rent General and administrative and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2015
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	NOTE 11—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 offered eligible retirees the opportunity to participate in a health plan. Certain employees were eligible for subsidized postretirement medical benefits. The eligibility for these benefits was 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. On January 12, 2015, the Compensation Committee and the Board of Directors of Holdings, adopted resolutions to terminate the AMC Postretirement Medical Plan with an effective date of March 31, 2015. During the three months ended March 31, 2015, the Company notified eligible associates that their retiree medical coverage under the plan will terminate after March 31, 2015. Payments to eligible associates were approximately $4,300,000 during the twelve months ended December 31, 2015. The Company recorded net periodic benefit credits of $18,118,000, including curtailment gains, settlement gains, amortization of unrecognized prior service credits, and amortization of actuarial gains recorded in accumulated other comprehensive income related to the termination and settlement of the plan during the twelve months ended December 31, 2015. The measurement dates used to determine pension and other postretirement benefits were December 31, 2015, December 31, 2014, and December 31, 2013. Net periodic benefit cost for the plans consists of the following: Pension Benefits Other Benefits (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Components of net periodic benefit cost: Service cost $ — $ — $ $ $ $ Interest cost Expected return on plan assets ) ) ) — — — Amortization of net (gain) loss ) — ) ) ) Amortization of prior service credit — — — ) ) — Curtailment gain — — — ) — — Settlement — — ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost (credit) $ ) $ ) $ ) $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table summarizes the changes in other comprehensive income: Pension Benefits Other Benefits (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 Net (gain) loss $ ) $ $ $ Prior service credit — — ) — Amortization of net gain ) Amortization of prior service credit — — Curtailment — — — Settlement ) — — Allocated tax expense (benefit) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in other comprehensive (income) loss $ ) $ $ $ Net periodic benefit cost (credit) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in net periodic benefit cost (credit) and other comprehensive (income) loss $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 Change in benefit obligation: Benefit obligation at beginning of period $ $ $ $ Service cost — — Interest cost Plan participants' contributions — — Actuarial (gain) loss ) Plan amendment — — ) — Benefits paid ) ) ) ) Administrative expenses ) ) — — Settlement paid ) ) ) — Settlement gain ) ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Benefit obligation at end of period $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension Benefits Other Benefits (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 Change in plan assets: Fair value of plan assets at beginning of period $ $ $ — $ — Actual return on plan assets (loss) gain ) — — Employer contribution Plan participants' contributions — — Benefits paid ) ) ) ) Administrative expense ) ) — — Settlement paid ) ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of plan assets at end of period $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net liability for benefit cost: Funded status $ ) $ ) $ — $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension Benefits Other Benefits (In thousands) December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Amounts recognized in the Balance Sheet: Accrued expenses and other liabilities $ ) $ ) $ — $ ) Other long-term liabilities ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net liability recognized $ ) $ ) $ — $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aggregate accumulated benefit obligation $ ) $ ) $ — $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2015 December 31, 2014 Aggregated accumulated benefit obligation $ ) $ ) Aggregated projected benefit obligation ) ) Aggregated fair value of plan assets Amounts recognized in accumulated other comprehensive income consist of the following: Pension Benefits Other Benefits (In thousands) December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Net actuarial (gain) loss $ ) $ $ $ Prior service credit — — ) — Amounts in accumulated other comprehensive income expected to be recognized in components of net periodic pension cost during the calendar year 2016 are as follows: (In thousands) Pension Benefits Net actuarial loss $ Actuarial Assumptions The weighted-average assumptions used to determine benefit obligations are as follows: Pension Benefits Other Benefits December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Discount rate % % N/A % 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 Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Discount rate % % % % % % Weighted average expected long-term return on plan assets % % % N/A N/A N/A Rate of compensation increase 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. Cash Flows The Company does not expect to contribute to the pension plans during the calendar year 2016. 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 calendar years, and in the aggregate for the five years thereafter: (In thousands) Pension Benefits 2016 $ 2017 2018 2019 2020 Years 2021 - 2025 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) % Equity Securities—U.S. % Equity Securities—International % Collective trust fund % Private Real Estate % Commodities broad basket % ​ ​ ​ ​ ​ % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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, 2015, by asset class is as follows: Fair Value Measurements at December 31, 2015 Using (In thousands) Total Carrying Value at December 31, 2015 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Cash and cash equivalents $ $ $ — $ — U.S. treasury securities — — Equity securities: U.S. companies — — International companies — — Bond market fund — — Collective trust fund — — Commodities broad basket fund — — Private real estate — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets at fair value $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 (In thousands) Total Carrying Value at December 31, 2014 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Cash and cash equivalents $ $ $ — $ — U.S. treasury securities — — Equity securities: U.S. companies — — International companies — — Bond market fund — — Collective trust fund — — Commodities broad basket fund — — Private real estate — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets at fair value $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $3,353,000, $2,696,000, and $2,817,000, for the twelve months ended December 31, 2015, December 31, 2014, and December 31, 2013, 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 $72,000, $207,000, and $265,000, for the twelve months ended December 31, 2015, December 31, 2014, and December 31, 2013, respectively. As of both December 31, 2015 and December 31, 2014, 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, 2015
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 12—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 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 can occur. An unfavorable outcome might 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 had entered into a merger agreement to acquire Screenvision, LLC for $375,000,000, consisting of cash and NCM, Inc. common stock. Consummation of the transaction was subject to regulatory approvals and other customary closing conditions. On November 3, 2014, the U.S. Department of Justice filed an antitrust lawsuit seeking to enjoin the transaction. On March 16, 2015, NCM, Inc. and Screenvision, LLC decided to terminate the merger agreement. The termination of the merger agreement was effective upon NCM, Inc.'s payment of a $26,840,000 termination payment. The estimated legal and other transaction expenses were approximately $14,990,000. NCM LLC of which AMC was an approximate 15.05% owner at March 31, 2015, had agreed to indemnify NCM, Inc. and bear a pro rata portion of the termination fee and other transaction expenses. Accordingly, the Company recorded expense of approximately $6,300,000 in equity in earnings of non-consolidated entities associated with these transaction expenses recorded by NCM LLC during the twelve months ended December 31, 2015. On May 28, 2015, the Company received a Civil Investigative Demand ("CID") from the Antitrust Division of the United States Department of Justice in connection with an investigation under Sections 1 and 2 of the Sherman Antitrust Act. Beginning in May of 2015, the Company also received CIDs from the Attorneys General for the States of Ohio, Texas, Washington, Florida, New York, Kansas, and from the District of Columbia, regarding similar inquiries under those states' antitrust laws. The CIDs request the production of documents and answers to interrogatories concerning potentially anticompetitive conduct, including film clearances and participation in certain joint ventures. The Company may receive additional CIDs from antitrust authorities in other jurisdictions in which it operates. The Company does not believe it has violated federal or state antitrust laws and is cooperating with the relevant governmental authorities. However, the Company cannot predict the ultimate scope, duration or outcome of these investigations.

THEATRE AND OTHER CLOSURE AND D

THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS	12 Months Ended
	Dec. 31, 2015
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS	NOTE 13—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, 2015, the Company reserved $42,973,000 for lease terminations which have either not been consummated or paid, related primarily to nine theatres and certain vacant restaurant space. The Company is obligated under long-term lease commitments with remaining terms of up to 12 years for theatres which have been closed. As of December 31, 2015, base rents aggregated approximately $9,288,000 annually and $48,369,000 over the remaining terms of the leases. A rollforward of reserves for theatre and other closure is as follows: (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Beginning balance $ $ $ Theatre and other closure expense Transfer of assets and liabilities — ) Foreign currency translation adjustment ) ) ) Cash payments ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company recognized theatre and other closure expense of $5,028,000, $9,346,000, and $5,823,000, during the twelve months ended December 31, 2015, December 31, 2014, and December 31, 2013, respectively. Theatre and other closure expense included the accretion on previously closed properties with remaining lease obligations. In May 2014, one theatre with 13 screens in Canada was permanently closed. In the accompanying Consolidated Balance Sheets, the current portion of the theatre and other closure ending balance was included with accrued expenses and other liabilities and the long-term portion of the theatre and other closure ending balance was included with other long-term liabilities. See Note 6—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, 2015, 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, 2015
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 14—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: Fair Value Measurements at December 31, 2015 Using (In thousands) Total Carrying Value at December 31, 2015(1) Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Other long-term assets: Money market mutual funds $ $ $ — $ — Equity securities, available-for-sale: RealD Inc. common stock — — Mutual fund large U.S. equity — — Mutual fund small/mid U.S. equity — — Mutual fund international — — Mutual fund balanced — — Mutual fund fixed income — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets at fair value $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2014 Using (In thousands) Total Carrying Value at December 31, 2014(1) Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Other long-term assets: Money market mutual funds $ $ $ — $ — Equity securities, available-for-sale: RealD Inc. common stock — — Mutual fund large U.S. equity — — Mutual fund small/mid U.S. equity — — Mutual fund international — — Mutual fund balanced — — Mutual fund fixed income — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets at fair value $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Except for the investment in RealD Inc. common stock, the investments relate to a non-qualified deferred compensation arrangement on behalf of certain management. The Company has an equivalent liability for this related-party transaction recorded in other long-term liabilities for the deferred compensation obligation. 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 16—Accumulated Other Comprehensive Income 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: Fair Value Measurements at December 31, 2015 Using (In thousands) Total Carrying Value at December 31, 2015 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Losses Property, net: Property owned, net $ $ — $ — $ $ Intangible assets, net: Favorable lease — — — — Fair Value Measurements at December 31, 2014 Using (In thousands) Total Carrying Value at December 31, 2014 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Losses Property, net: Property owned, net $ $ — $ — $ $ Long-lived assets held and used and a favorable lease were considered impaired and were written down to their fair value at December 31, 2015 and December 31, 2014 of $2,480,000 and $2,342,000, respectively. 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, 2015 Using (In thousands) Total Carrying Value at December 31, 2015 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Current maturities of corporate borrowings $ $ — $ $ Corporate borrowings — Fair Value Measurements at December 31, 2014 Using (In thousands) Total Carrying Value at December 31, 2014 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Current maturities of corporate borrowings $ $ — $ $ Corporate borrowings — 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, 2015
OPERATING SEGMENT
OPERATING SEGMENT	NOTE 15—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 December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 United States $ $ $ Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term assets, net (In thousands) December 31, 2015 December 31, 2014 United States $ $ Other ​ ​ ​ ​ ​ ​ ​ ​ Total long-term assets(1) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Long-term assets are comprised of property, intangible assets, goodwill, deferred income tax assets and other long-term assets.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME	NOTE 16—ACCUMULATED OTHER COMPREHENSIVE INCOME The following tables present the change in accumulated other comprehensive income (loss) by component: (In thousands) Foreign Currency Pension and Other Benefits(1) Unrealized Net Gain from Marketable Securities Unrealized Net Gain from Equity Method Investees' Cash Flow Hedge Total Balance, December 31, 2014 $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) before reclassifications ) ) Amounts reclassified from accumulated other comprehensive income — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2015 $ $ ) $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) See Note 11—Employee Benefit Plans for further information regarding amounts reclassified from accumulated other comprehensive income. (In thousands) Foreign Currency Pension and Other Benefits Unrealized Net Gain from Marketable Securities Unrealized Net Gain from Equity Method Investees' Cash Flow Hedge Total Balance, December 31, 2013 $ ) $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income before reclassifications ) ) ) Amounts reclassified from accumulated other comprehensive income — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2014 $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The tax effects allocated to each component of other comprehensive income (loss) is as follows: Twelve Months Ended December 31, 2015 December 31, 2014 December 31, 2013 (In thousands) Pre-Tax Amount Tax (Expense) Benefit Net-of-Tax Amount Pre-Tax Amount Tax (Expense) Benefit Net-of-Tax Amount Pre-Tax Amount Tax (Expense) Benefit Net-of-Tax Amount Unrealized foreign currency translation adjustment $ $ ) $ $ $ ) $ $ $ — $ Pension and other benefit adjustments: Net gain (loss) arising during the period ) ) ) ) Prior service credit arising during the period ) — — — ) Amortization of net (gain) loss reclassified into general and administrative: other ) ) ) ) ) — ) Amortization of prior service credit reclassified into general and administrative: other ) ) ) ) — — — Curtailment gain reclassified into general and administrative: other ) ) — — — — — — Settlement gain reclassified into general and administrative: other ) ) — — — — — — Marketable securities: Unrealized net holding gain (loss) arising during the period ) ) ) ) ) Realized net gain reclassified into investment expense (income) ) ) ) ) — Equity method investees' cash flow hedge: Unrealized net holding gain (loss) arising during the period ) ) ) ) ) Realized net loss reclassified into equity in earnings of non-consolidated entities ) ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) $ ) $ $ ) $ ) $ $ ) $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2015
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
CONDENSED CONSOLIDATING FINANCIAL INFORMATION	NOTE 17—CONDENSED CONSOLIDATING FINANCIAL INFORMATION The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10, Financial statements of guarantors and issuers of guaranteed securities registered or being registered . Each of the subsidiary guarantors are 100% owned by AMCE. The subsidiary guarantees of AMCE's Notes due 2022 and the Notes due 2025 are full and unconditional, joint and several and subject to customary release provisions. The Company and its subsidiary guarantors' investments in its consolidated subsidiaries are presented under the equity method of accounting. Twelve months ended December 31, 2015: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Revenues Admissions $ — $ $ $ — $ Food and beverage — — Other theatre — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses Film exhibition costs — — Food and beverage costs — — Operating expense — Rent — — General and administrative: Merger, acquisition and transaction costs — — — Other — — Depreciation and amortization — — Impairment of long-lived assets — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income (loss) ) ) — Other expense (income) Equity in net (earnings) loss of subsidiaries ) — — Other expense — — — Interest expense: Corporate borrowings — ) Capital and financing lease obligations — — — Equity in earnings of non-consolidated entities — ) — — ) Investment income ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total other expense (income) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) before income taxes ) ) Income tax provision — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2014: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Revenues Admissions $ — $ $ $ — $ Food and beverage — — Other theatre — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses Film exhibition costs — — Food and beverage costs — — Operating expense — Rent — — General and administrative: Merger, acquisition and transaction costs — — — Other — — Depreciation and amortization — — Impairment of long-lived assets — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income (loss) ) ) — Other expense (income) Equity in net (earnings) loss of subsidiaries ) — — Other income — ) — — ) Interest expense: Corporate borrowings — ) Capital and financing lease obligations — — — Equity in earnings of non-consolidated entities — ) — — ) Investment expense (income) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total other expense (income) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) from continuing operations before income taxes ) ) Income tax provision — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) from continuing operations ) ) Gain from discontinued operations, net of income taxes — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2013: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Revenues Admissions $ — $ $ $ — $ Food and beverage — — Other theatre — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses Film exhibition costs — — Food and beverage costs — — Operating expense ) — Rent — — General and administrative: Merger, acquisition and transaction costs — — — Other — — Depreciation and amortization — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income (loss) ) — Other expense (income) Equity in net (earnings) loss of subsidiaries ) — — Other income — ) — — ) Interest expense: Corporate borrowings — ) Capital and financing lease obligations — — — Equity in earnings of non-consolidated entities ) ) — ) Investment income ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total other expense (income) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) from continuing operations before income taxes ) ) Income tax benefit — ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) from continuing operations ) ) Gain from discontinued operations, net of income taxes — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2015: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Net earnings (loss) $ $ $ ) $ ) $ Equity in other comprehensive income (loss) of subsidiaries ) — — Unrealized foreign currency translation adjustment, net of tax — — Pension and other benefit adjustments: Net gain arising during the period, net of tax — — — Prior service credit arising during the period, net of tax — — — Amortization of net gain reclassified into general and administrative: other, net of tax — ) — — ) Amortization of prior service credit reclassified into general and administrative: other, net of tax — ) — — ) Curtailment gain reclassified into general and administrative: other, net of tax — ) — — ) Settlement gain reclassified into general and administrative: other, net of tax — ) — — ) Marketable securities: Unrealized net holding loss arising during the period, net of tax — ) — — ) Realized net gain reclassified into investment expense (income), net of tax — ) — — ) Equity method investees' cash flow hedge: Unrealized net holding loss arising during the period, net of tax — ) — — ) Realized net loss reclassified into equity in earnings of non-consolidated entities, net of tax — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total comprehensive income (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2014: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Net earnings (loss) $ $ $ ) $ ) $ Equity in other comprehensive income (loss) of subsidiaries ) — — Unrealized foreign currency translation adjustment, net of tax — — Pension and other benefit adjustments: Net loss arising during the period, net of tax — ) — — ) Amortization of net gain reclassified into general and administrative: other, net of tax — ) — — ) Amortization of prior service credit reclassified into general and administrative: other, net of tax — ) — — ) Marketable securities: Unrealized net holding gain arising during the period, net of tax — — — Realized net gain reclassified into investment expense (income), net of tax — ) — — ) Equity method investees' cash flow hedge: Unrealized net holding loss arising during the period, net of tax — ) — — ) Realized net loss reclassified into equity in earnings of non-consolidated entities, net of tax — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total comprehensive income (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2013: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Net earnings (loss) $ $ $ ) $ ) $ Equity in other comprehensive income (loss) of subsidiaries ) — ) — Unrealized foreign currency translation adjustment, net of tax — ) — Pension and other benefit adjustments: Net gain arising during the period, net of tax — — — Prior service credit arising during the period, net of tax — — — Amortization of net gain reclassified into general and administrative: other, net of tax — ) — — ) Marketable securities: Unrealized net holding loss arising during the period, net of tax — ) — — ) Realized net loss reclassified into investment expense (income), net of tax — — — Equity method investees' cash flow hedge: Unrealized net holding gain arising during the period, net of tax — — — Realized net gain reclassified into equity in earnings of non-consolidated entities, net of tax — ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total comprehensive income (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2015: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Assets Current assets: Cash and equivalents $ — $ $ $ — $ Receivables, net ) — Other current assets — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current assets ) — Investment in equity of subsidiaries — ) — Property, net — — Intangible assets, net — — — Intercompany advances ) — — Goodwill — — — Deferred income tax asset — — — Other long-term assets — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholder's Equity Current liabilities: Accounts payable $ — $ $ $ — $ Accrued expenses and other liabilities ) — Deferred revenues and income — — — Current maturities of corporate borrowings and capital and financing lease obligations — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current liabilities — Corporate borrowings — — Capital and financing lease obligations — — — Exhibitor services agreement — — — Other long-term liabilities — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities — Stockholder's equity ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholder's equity $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2014: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Assets Current assets: Cash and equivalents $ $ $ $ — $ Receivables, net ) — Other current assets — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current assets — Investment in equity of subsidiaries — ) — Property, net — — Intangible assets, net — — — Intercompany advances ) — — Goodwill — — — Deferred tax asset — — — Other long-term assets — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholder's Equity Current liabilities: Accounts payable $ — $ $ $ — $ Accrued expenses and other liabilities ) — Deferred revenues and income — — Current maturities of corporate borrowings and capital and financing lease obligations — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current liabilities — Corporate borrowings — — Capital and financing lease obligations — — — Exhibitor services agreement — — — Other long-term liabilities — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities — Stockholder's equity ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholder's equity $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2015: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Cash flows from operating activities: Net cash provided by operating activities $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: Capital expenditures — ) ) — ) Acquisition of Starplex Cinemas, net of cash acquired — ) — — ) Proceeds from the disposition of long-term assets — — — Investments in non-consolidated entities — ) — — ) Other, net — ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: Proceeds from issuance of Senior Subordinated Notes due 2025 — — — Proceeds from extension and modification of Term Loan 2022 — — — Repayment of Senior Subordinated Notes due 2020 ) — — — ) Borrowings under Revolving Credit Facility — — — Principal payments under Term Loan ) — — — ) Principal payments under capital and financing leases — ) — — ) Principal payments under promissory note — ) — — ) Premium amount of coupon payment under Senior Subordinated Notes due 2020 ) — — — ) Increase in deferred financing costs ) — — — ) Cash used to pay dividends Holdings ) — — — ) Change in intercompany advances ) ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by (used in) financing activities ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of exchange rate changes on cash and equivalents — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net decrease in cash and equivalents ) ) — ) Cash and equivalents at beginning of period — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and equivalents at end of period $ — $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2014: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Cash flows from operating activities: Net cash provided by operating activities $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: Capital expenditures — ) ) — ) Proceeds from the disposition of long-term assets — — — Investments in non-consolidated entities — ) — — ) Other, net — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: Proceeds from issuance of Senior Subordinated Notes due 2022 — — — Repurchase of Senior Notes due 2019 ) — — — ) Payment of initial public offering costs — ) — — ) Principle payments under Term Loan ) — — — ) Principal payments under capital and financing lease obligations — ) — — ) Principal payments under promissory note — ) — — ) Principal amount of coupon payment under Senior Subordinated Notes due 2020 ) — — — ) Increase in deferred financing costs ) — — — ) Cash used to pay dividends to Holdings ) ) Change in intercompany advances ) ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ) ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of exchange rate changes on cash and equivalents — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net decrease in cash and equivalents ) ) ) — ) Cash and equivalents at beginning of period — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and equivalents at end of period $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2013: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Cash flows from operating activities: Net cash provided by (used in) operating activities $ $ $ ) $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: Capital expenditures — ) ) — ) Acquisition of Rave theatres — ) — — ) Proceeds from the disposition of long-term assets — — — Investments in non-consolidated entities — ) — ) Other, net — ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: Proceeds from issuance of Term Loan due 2020 — — — Capital contribution from Holdings — — — Repayment of Term Loan due 2016 ) — — — ) Repayment of Term Loan due 2018 ) — — — ) Principle payments under Term Loan ) — — — ) Principal payments under capital and financing lease obligations — ) — — ) Increase in deferred financing costs ) — — — ) Payment of construction payables — ) — — ) Cash used to pay dividends to Holdings ) — — — ) Change in intercompany advances ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by (used in) financing activities ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of exchange rate changes on cash and equivalents — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net increase in cash and equivalents — Cash and equivalents at beginning of period — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and equivalents at end of period $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2015
SUBSEQUENT EVENTS
SUBSEQUENT EVENT	NOTE 18—SUBSEQUENT EVENTS On February 25, 2016, 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 21, 2016 to stockholders of record on March 7, 2016. On February 25, 2016, the Boards of Directors of Holdings and AMCE approved the merger of AMCE with and into Holdings. The Company anticipates the merger will be completed on or prior to March 31, 2016. On March 3, 2016, the Company and Carmike Cinemas, Inc. ("Carmike") announced they entered into a definitive merger agreement pursuant to which the Company will acquire all of the outstanding shares of Carmike for $30.00 per share in cash or approximately $757,000,000. The Company has entered into a debt financing commitment letter in connection with the merger agreement which provides senior secured incremental term loans in an aggregate amount of up to $560,000,000 and a senior subordinated bridge loan in an aggregate amount of up to $300,000,000 to fund the acquisition and to backstop the change of control put option in the existing Carmike indebtedness. There can be no assurance that the Company will be successful in completing the debt financing on favorable terms as it involves matters outside of the Company's control. The merger is subject to customary closing conditions, including regulatory approval and approval by Carmike's shareholders.

THE COMPANY AND SIGNIFICANT A27

THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
BASIS OF PRESENTATION
Initial Public Offering of Holdings	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, commissions and offering expenses. The net IPO proceeds of approximately $355,299,000, were contributed by Holdings to AMCE.
Use of Estimates	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	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 stockholder's equity, net earnings and comprehensive income for the periods presented are attributable to controlling interests. As of December 31, 2015, December 31, 2014, and December 31, 2013, the Company managed its business under one reportable segment called Theatrical Exhibition.
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.
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 13% to 21% of the current month sales, and the Company recognizes the 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, 2015, December 31, 2014, and December 31, 2013, the Company recognized $22,879,000, $21,347,000, and $19,510,000 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, 2015, December 31, 2014, and December 31, 2013, the Company recognized $12,079,000, $11,710,000, and $0 of income, respectively, related to the derecognition of package ticket liabilities, which was recorded in other theatre revenues in the Consolidated Statements of Operations.
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, 2015 and December 31, 2014, the Company recorded film payables of $131,690,000 and $95,847,000, respectively, which are included in accounts payable in the accompanying Consolidated Balance Sheets.
Food and Beverage Costs	Food and Beverage Costs: 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 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 $10,316,000, $10,317,000, and $9,684,000 for the twelve months ended December 31, 2015, December 31, 2014, and December 31, 2013, respectively, and are recorded in operating expense in the accompanying Consolidated Statements of Operations.
Cash and Equivalents	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: Intangible assets are recorded at cost or fair value, in the case of intangible assets resulting from the acquisition of Holdings by Wanda on August 30, 2012 and other theatre 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. For the twelve months ended December 31, 2015, the Company recorded an intangible asset impairment charge of $839,000 related to a favorable lease for one theatre with six screens. There were no intangible asset impairment charges incurred during the twelve months ended December 31, 2014 and the twelve months ended December 31, 2013.
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 5—Investments for further discussion of the Company's investments in NCM. As of December 31, 2015, the Company holds equity method investments comprised of a 17.66% 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 15.45% interest in Digital Cinema Distribution Coalition, LLC ("DCDC"), a satellite distribution network for feature films and other digital cinema content; 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 and production 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 5—Investments for further discussion of the Company's investment in RealD Inc.
Goodwill	Goodwill: Goodwill represents the excess of purchase price over fair value of net tangible and identifiable intangible assets related to the acquisition of Holdings by Wanda on August 30, 2012 and subsequent theatre 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 $2,408,834,000 and $2,291,943,000 as of December 31, 2015 and December 31, 2014, respectively. The Company evaluates goodwill and its indefinite-lived 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 2015 and the fourth quarter of calendar 2014, 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 2015 and the fourth quarter of calendar 2014, 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 partnerships and joint ventures, costs incurred in connection with the issuance of debt securities, which are being amortized to interest expense using the effective interest rate method over the respective lives of the issuances, and capitalized computer software, which is amortized over the estimated useful life of the software. See Note 6—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, 2015 and December 31, 2014 was $42,751,000 and $43,692,000, respectively.
Leases	Leases: The majority of the Company's operations are conducted in premises occupied under lease agreements with initial base terms ranging generally from 12 to 15 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. 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 date the premises are ready for their intended use are expensed as a component of rent expense. The Company often receives contributions from landlords for renovations at existing locations. The Company records the amounts received from landlords 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 new 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 $74,898,000 and $80,645,000 in its Consolidated Balance Sheets related to these types of projects as of December 31, 2015 and December 31, 2014, respectively.
Sale and Leaseback Transactions	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	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 asset group 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 its 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 group, 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 existing renewal options will be exercised 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 14—Fair Value Measurements. Impairment losses in the Consolidated Statements of Operations are included in the following captions: (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Impairment of long-lived assets $ $ $ — Investment expense (income) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impairment losses $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ During calendar 2015, the Company recognized an impairment loss of $1,702,000 on three theatres with 15 screens, which was related to property, net of $863,000, and intangible assets, net of $839,000. 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.
Foreign Currency Translation	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. 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, 2015 and December 31, 2014, the Company recorded casualty insurance reserves of $19,973,000 and $17,197,000, respectively, net of estimated insurance recoveries. The Company recorded expenses related to general liability and workers compensation claims of $18,487,000, $16,329,000, and $16,332,000 for the twelve months ended December 31, 2015, the twelve months ended December 31, 2014, and the twelve months ended December 31, 2013, respectively.
Other Expense (Income)	Other Expense (Income): The following table sets forth the components of other expense (income): (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Gain on redemption of 8.75% Senior Fixed Rate Notes due 2019 $ — $ ) $ — Loss on modification of Senior Secured Credit Facility-Term Loan 2022 — — Gain on redemption and modification of Senior Secured Credit Facility-Term Loan 2020 — — ) Loss on redemption of 9.75% Senior Subordinated Notes due 2020 — — Business interruption insurance recoveries — — ) Other expense — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other expense (income) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Policy for Consolidated Statements of Cash Flows	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.
Presentation	Presentation: In the Consolidated Statements of Cash Flows, certain line items within operating activities have been presented separately from the "other, net" line item in the current year presentation, with conforming reclassifications made for the prior period presentation.
New Accounting Pronouncements	New Accounting Pronouncements: In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases, which is intended to improve financial reporting about leasing transactions. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by lease terms of more than 12 months. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact the adoption of ASU 2016-02 will have on the its consolidated financial position, results of operations or cash flows. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740)—Balance Sheet Classification of Deferred Taxes ("ASU 2015-17"). The standard amends the current requirement for entities to present deferred tax assets and liabilities as current and noncurrent in a consolidated balance sheet by jurisdiction. Instead, entities will be required to classify all deferred tax assets and liabilities as noncurrent by jurisdiction. ASU 2015-17 is effective for financial statements issued for annual periods beginning after December 15, 2016, with early adoption permitted. The Company elected to early adopt this pronouncement retrospectively, as permitted. As such, certain prior period amounts have been reclassified to conform to the current period presentation. In the Consolidated Balance Sheet as of December 31, 2014, the Company reclassified the current deferred tax asset of $107,938,000 to long-term deferred tax asset. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805)—Simplifying the Accounting for Measurement-Period Adjustments ("ASU 2015-16"). The standard requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. ASU 2015-16 eliminates the requirement to retrospectively account for those adjustments. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, with early adoption permitted. The Company elected to early adopt this pronouncement and the adoption did not impact the Company's consolidated financial position, results of operations or cash flows. In April 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30)—Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"), which requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this standard. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. The Company will adopt ASU 2015-03 as of the beginning of 2016 and will change the presentation of the debt issuance costs for its term loan and senior subordinated notes by reclassifying the amounts from other long-term assets to corporate borrowings in the Consolidated Balance Sheets. 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 U.S. generally accepted accounting principles when it becomes effective. On July 9, 2015, the FASB decided to delay the effective date of ASU 2014-09 by one year. The new standard is effective for the Company on January 1, 2018. Companies may elect to adopt this application as of the original effective date for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. 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 was effective prospectively for annual periods beginning on or after December 15, 2014, and interim reporting periods within those years. Early adoption was permitted. The Company adopted ASU 2014-08 as of the beginning of 2015 and the adoption did not impact the Company's consolidated financial position, results of operations or cash flows.

THE COMPANY AND SIGNIFICANT A28

THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
BASIS OF PRESENTATION
Schedule of impairment losses in the Consolidated Statements of Operations	(In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Impairment of long-lived assets $ $ $ — Investment expense (income) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impairment losses $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of components of other expense (income)	(In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Gain on redemption of 8.75% Senior Fixed Rate Notes due 2019 $ — $ ) $ — Loss on modification of Senior Secured Credit Facility-Term Loan 2022 — — Gain on redemption and modification of Senior Secured Credit Facility-Term Loan 2020 — — ) Loss on redemption of 9.75% Senior Subordinated Notes due 2020 — — Business interruption insurance recoveries — — ) Other expense — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other expense (income) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

ACQUISITION (Tables)

ACQUISITION (Tables)	12 Months Ended
	Dec. 31, 2015
ACQUISITION
Summary of allocation of the purchase price	(In thousands) Total Cash $ Receivables Other current assets Property(1) Intangible assets(2) Goodwill(3) Other long-term assets Accounts payable ) Accrued expenses and other liabilities ) Deferred revenues and income ) Deferred tax liability ) Other long-term liabilities(4) ) ​ ​ ​ ​ ​ Total estimated purchase price $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Amounts recorded for property includes land, buildings, leasehold improvements, furniture, fixtures and equipment. (2) Amounts recorded for intangible assets includes favorable leases, a non-compete agreement and trade name. (3) Amounts recorded for goodwill are generally not expected to be deductible for tax purposes. (4) Amounts recorded for other long-term liabilities consist of an unfavorable lease.

PROPERTY (Tables)

PROPERTY (Tables)	12 Months Ended
	Dec. 31, 2015
PROPERTY
Summary of property	(In thousands) December 31, 2015 December 31, 2014 Property owned: Land $ $ Buildings and improvements Leasehold improvements Furniture, fixtures and equipment ​ ​ ​ ​ ​ ​ ​ ​ Less: accumulated depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property leased under capital leases: Building and improvements Less: accumulated depreciation and amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of estimated useful lives	Buildings and improvements 5 to 40 years Leasehold improvements 1 to 20 years Furniture, fixtures and equipment 1 to 10 years

GOODWILL AND OTHER INTANGIBLE31

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of activity of goodwill	(In thousands) Total Balance as of December 31, 2013 $ ​ ​ ​ ​ ​ Balance as of December 31, 2014 ​ ​ ​ ​ ​ Acquisition of Starplex Cinemas ​ ​ ​ ​ ​ Balance as of December 31, 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of detail of other intangible assets	December 31, 2015 December 31, 2014 (In thousands) Remaining Useful Life Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizable Intangible Assets: Favorable leases 3 to 43 years $ $ ) $ $ ) Management contracts 2 to 5 years ) ) Non-compete agreement 5 year — ) NCM tax receivable agreement 21 years ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total, amortizable $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unamortized Intangible Assets: AMC trademark $ $ Starplex trade name — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total, unamortizable $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of amortization expense associated with the intangible assets	(In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Recorded amortization $ $ $
Schedule of estimated annual amortization for the next five fiscal years for intangible assets	(In thousands) 2016 2017 2018 2019 2020 Projected annual amortization $ $ $ $ $
Schedule of additional information for starplex cinemas intangible assets acquired	(In thousands) Weighted Average Amortization Period Gross Carrying Amount Acquired Intangible Assets: Amortizable Intangible Assets: Favorable leases 18 years $ Non-compete agreement 5 years ​ ​ ​ ​ ​ ​ ​ Total, amortizable 15.7 years $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unamortizable Intangible Assets: Starplex Cinemas trade name $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Investments
Schedule of condensed financial information of the reporting entity's non-consolidated equity method investments	December 31, 2015 (In thousands) NCM DCIP Open Road AC JV Other Total Current assets $ $ $ $ $ $ Noncurrent assets Total assets Current liabilities Noncurrent liabilities — — Total liabilities Stockholders' equity (deficit) ) ) Liabilities and stockholders' equity (deficit) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company's recorded investment(1) $ $ $ ) $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2014 (In thousands) NCM DCIP Open Road AC JV Other Total Current assets $ $ $ $ $ $ Noncurrent assets Total assets Current liabilities Noncurrent liabilities — — Total liabilities Stockholders' equity (deficit) ) ) ) Liabilities and stockholders' equity (deficit) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company's recorded investment(1) $ $ $ ) $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Certain differences in the Company's recorded investments, and its proportional ownership share resulting from the acquisition of Holdings by Wanda on August 30, 2012, where the investments were recorded at fair value, are amortized to equity in (earnings) losses of non-consolidated entities over the estimated useful lives of 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, 2015 (In thousands) NCM DCIP Open Road AC JV Other Total Revenues $ $ $ $ $ $ Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ ) $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12 Months Ended December 31, 2014 (In thousands) NCM DCIP Open Road AC JV Other Total Revenues $ $ $ $ $ $ Operating costs and expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ ) $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12 Months Ended December 31, 2013 (In thousands) NCM DCIP Open Road AC JV Other Total Revenues $ $ $ $ — $ $ Operating costs and expenses — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ $ — $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of components of the Company's recorded equity in earnings (losses) of non-consolidated entities	(In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 National CineMedia, LLC $ $ $ Digital Cinema Implementation Partners, LLC Open Road Releasing, LLC ) ) AC JV, LLC — Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company's recorded equity in earnings $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of changes in the carrying amount of the entity's investment in NCM and equity in earnings of NCM	(In thousands) Investment in NCM(1) Exhibitor Services Agreement(2) Other Comprehensive (Income) Cash Received Equity in (Earnings) Losses Advertising (Revenue) Ending balance at December 31, 2012 $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receipt of common units ) — $ — $ — $ — Receipt of excess cash distributions ) — — — — Amortization of ESA — — — — ) Unrealized gain from cash flow hedge — ) — — — Adjust carrying value of AC JV, LLC(3) — — — — — Change in interest gain(4) — — — ) — Equity in earnings(5) — — — ) — Equity in loss from amortization of basis difference(6) ) — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at December 31, 2013 $ $ ) $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receipt of common units ) — — — — Receipt of excess cash distributions ) — — — — Amortization of ESA — — — — ) Unrealized gain from cash flow hedge — ) — — — Equity in earnings(5) — — — ) — Equity in loss from amortization of basis difference(6) ) — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at December 31, 2014 $ $ ) $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Receipt of common units ) — — — — Exchange of common units ) — — — — — Receipt of excess cash distributions ) — — — — Amortization of ESA — — — — ) Unrealized gain from cash flow hedge — ) — — — Equity in earnings(5) — — — ) — Equity in loss from amortization of basis difference(6) ) — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at December 31, 2015 $ $ ) $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The following table represents AMC's investment in common membership units including units received under the Common Unit Adjustment Agreement dated as of February 13, 2007: Common Membership Units Tranche 1 Tranche 2(a) Beginning balance at December 31, 2012 — Additional units received in March 2013 — Additional units received in March 2014 — Additional units received in March 2015 — Additional units received in December 2015 — Units exchanged for NCM, Inc. shares in December 2015 — ) ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at December 31, 2015 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) The additional units received in March 2013, March 2014, March 2015, and December 2015 were measured at fair value (Level 1) using NCM, Inc.'s stock price of $15.22, $15.08, $14.52, and $15.75 respectively. (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 ). (3) 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. (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) Represents equity in earnings on both Tranche 1 and Tranche 2 Investments. (6) 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.
NCM
Investments
Schedule of transactions	(In thousands) December 31, 2015 December 31, 2014 Due from NCM for on-screen advertising revenue $ $ Due to NCM for Exhibitor Services Agreement Promissory note payable to NCM (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Other theatre revenues: Net NCM screen advertising revenues $ $ $ Operating expense: NCM beverage advertising expense
DCIP
Investments
Schedule of transactions	(In thousands) December 31, 2015 December 31, 2014 Due from DCIP for equipment and warranty purchases $ $ Deferred rent liability for digital projectors (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Operating expense: Digital equipment rental expense $ $ $ Warranty reimbursements from DCIP
Open Road Releasing, LLC, operator of ORF
Investments
Schedule of transactions	(In thousands) December 31, 2015 December 31, 2014 Due from Open Road Films $ $ Film rent payable to Open Road Films (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Film exhibition costs: Gross exhibition cost on Open Road Films $ $ $
ACJV LLC
Investments
Schedule of transactions	(In thousands) December 31, 2015 December 31, 2014 Due to AC JV for Fathom Events programming $ $ (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Film exhibition costs: Gross exhibition cost on Fathom Events programming $ $ $ —

SUPPLEMENTAL BALANCE SHEET IN33

SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2015
SUPPLEMENTAL BALANCE SHEET INFORMATION
Schedule of other assets and liabilities	(In thousands) December 31, 2015 December 31, 2014 Other current assets: Prepaid rent $ $ Income taxes receivable Prepaid insurance and other Merchandise inventory Assets held for sale — Other ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other long-term assets: Investments in real estate $ $ Deferred financing costs Investments in equity method investees Computer software Investment in RealD Inc. common stock Other ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued expenses and other liabilities: Taxes other than income $ $ Interest Payroll and vacation Current portion of casualty claims and premiums Accrued bonus Theatre and other closure Accrued licensing and percentage rent Current portion of pension and other benefits liabilities Other ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other long-term liabilities: Unfavorable lease obligations $ $ Deferred rent Pension and other benefits RealD deferred lease incentive Casualty claims and premiums Theatre and other closure Other ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

CORPORATE BORROWINGS AND CAPI34

CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2015
CORPORATE BORROWINGS
Summary of the carrying value of corporate borrowings and capital and financing lease obligations	(In thousands) December 31, 2015 December 31, 2014 Senior Secured Credit Facility-Term Loan due 2022 (4.0% as of December 31, 2015) $ $ — Senior Secured Credit Facility-Term Loan due 2020 — Senior Secured Credit Facility-Revolving Credit Facility due 2020 (2.8445% as of December 31, 2015) — 5% Promissory Note payable to NCM due 2019 9.75% Senior Subordinated Notes due 2020 — 5.875% Senior Subordinated Notes due 2022 5.75% Senior Subordinated Notes due 2025 — Capital and financing lease obligations, 6.0% - 11.5% ​ ​ ​ ​ ​ ​ ​ ​ Less: current maturities ) ) ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of minimum annual payments required under existing capital and financing lease obligations (net present value thereof) and maturities of corporate borrowings	Capital and Financing Lease Obligations Principal Amount of Corporate Borrowings (In thousands) Minimum Lease Payments Less Interest Principal Total 2016 $ $ $ $ $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2015
STOCKHOLDER'S EQUITY
Schedule of the amount of dividends and dividend equivalents paid	The following is a summary of dividends and dividend equivalents declared by Holdings' Board of Directors during the twelve months ended December 31, 2015: Declaration Date Record Date Date Paid Amount per Share of Common Stock Total Amount Declared (In thousands) February 3, 2015 March 9, 2015 March 23, 2015 $ $ April 27, 2015 June 8, 2015 June 22, 2015 July 28, 2015 September 8, 2015 September 21, 2015 October 29, 2015 December 7, 2015 December 21, 2015 The following is a summary of dividends and dividend equivalents declared by Holdings' Board of Directors during the twelve months ended December 31, 2014: Declaration Date Record Date Date Paid Amount per Share of Common Stock Total Amount Declared (In thousands) April 25, 2014 June 6, 2014 June 16, 2014 $ $ July 29, 2014 September 5, 2014 September 15, 2014 October 27, 2014 December 5, 2014 December 15, 2014
Schedule of RSU and PSU activity	Shares of RSU and PSU Weighted Average Grant Date Fair Value Beginning balance at January 1, 2014 — $ — Granted Vested ) Forfeited ) ​ ​ ​ ​ ​ ​ ​ ​ Nonvested at December 31, 2014 — $ — Granted Vested(1) ) Forfeited ) ​ ​ ​ ​ ​ ​ ​ ​ Nonvested at December 31, 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Includes vested units of 3,131 that were withheld to cover tax obligations and were subsequently canceled. As a result of this transaction, additional paid-in capital decreased by $107,000.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
INCOME TAXES
Schedule of component of income tax provision reflected in the consolidated statements of operations	(In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Current: Federal $ $ — $ — Foreign — — — State ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred: Federal ) Foreign — — — State ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total deferred ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total provision (benefit) ) Tax provision from discontinued operations — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total provision (benefit) from continuing operations $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of pre-tax income (losses)	(In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Domestic $ $ $ Foreign — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
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	(In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Income tax expense at the federal statutory rate $ $ $ Effect of: State income taxes Increase (decrease) in reserve for uncertain tax positions ) Federal and state credits ) ) ) Change in net operating loss carryforward for excess tax deductions — — ) Permanent items Other ) ) Valuation allowance ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income tax expense (benefit) $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effective income tax rate % % )% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of significant components of deferred income tax assets and liabilities	December 31, 2015 December 31, 2014 Deferred Income Tax Deferred Income Tax (In thousands) Assets Liabilities Assets Liabilities Tangible assets $ — $ ) $ — $ ) Accrued liabilities — — Intangible assets — ) — ) Receivables — ) — ) Investments — ) — ) Capital loss carryforwards — — — Pension, postretirement and deferred compensation — — Corporate borrowings — — — Deferred revenue — — Lease liabilities — — Capital and financing lease obligations — — Alternative minimum tax and other credit carryovers — — Charitable contributions — — — Net operating loss carryforwards — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ) $ $ ) Less: Valuation allowance ) — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred income taxes $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of rollforward of the Company's valuation allowance for deferred tax assets	(In thousands) Balance at Beginning of Period Additions Charged (Credited) to Expenses Charged (Credited) to Goodwill Charged (Credited) to Other Accounts(1) Balance at End of Period Calendar Year 2015 Valuation allowance—deferred income tax assets $ ) — — $ Calendar Year 2014 Valuation allowance—deferred income tax assets $ — — — $ Calendar Year 2013 Valuation allowance—deferred income tax assets $ ) $ — (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	(In millions) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Balance at beginning of period $ $ $ Gross increases—current period tax positions Gross increases—prior period tax positions Favorable resolutions with authorities ) — ) Lapse of statute of limitations ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of period $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2015
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	(In thousands) Minimum operating lease payments 2016 $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ Total minimum payments required $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of rent expense	(In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Minimum rentals $ $ $ Common area expenses Percentage rentals based on revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rent General and administrative and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2015
EMPLOYEE BENEFIT PLANS
Net periodic benefit cost recognized for the plans	Pension Benefits Other Benefits (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Components of net periodic benefit cost: Service cost $ — $ — $ $ $ $ Interest cost Expected return on plan assets ) ) ) — — — Amortization of net (gain) loss ) — ) ) ) Amortization of prior service credit — — — ) ) — Curtailment gain — — — ) — — Settlement — — ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost (credit) $ ) $ ) $ ) $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of changes in other comprehensive income:	Pension Benefits Other Benefits (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 Net (gain) loss $ ) $ $ $ Prior service credit — — ) — Amortization of net gain ) Amortization of prior service credit — — Curtailment — — — Settlement ) — — Allocated tax expense (benefit) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in other comprehensive (income) loss $ ) $ $ $ Net periodic benefit cost (credit) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in net periodic benefit cost (credit) and other comprehensive (income) loss $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of 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 Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 Change in benefit obligation: Benefit obligation at beginning of period $ $ $ $ Service cost — — Interest cost Plan participants' contributions — — Actuarial (gain) loss ) Plan amendment — — ) — Benefits paid ) ) ) ) Administrative expenses ) ) — — Settlement paid ) ) ) — Settlement gain ) ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Benefit obligation at end of period $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension Benefits Other Benefits (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 Change in plan assets: Fair value of plan assets at beginning of period $ $ $ — $ — Actual return on plan assets (loss) gain ) — — Employer contribution Plan participants' contributions — — Benefits paid ) ) ) ) Administrative expense ) ) — — Settlement paid ) ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of plan assets at end of period $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net liability for benefit cost: Funded status $ ) $ ) $ — $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pension Benefits Other Benefits (In thousands) December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Amounts recognized in the Balance Sheet: Accrued expenses and other liabilities $ ) $ ) $ — $ ) Other long-term liabilities ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net liability recognized $ ) $ ) $ — $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aggregate accumulated benefit obligation $ ) $ ) $ — $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of pension plans with accumulated benefit obligations and projected benefit obligations in excess of plan assets	Pension Benefits (In thousands) December 31, 2015 December 31, 2014 Aggregated accumulated benefit obligation $ ) $ ) Aggregated projected benefit obligation ) ) Aggregated fair value of plan assets
Schedule of components of amounts recognized in accumulated other comprehensive income	Pension Benefits Other Benefits (In thousands) December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Net actuarial (gain) loss $ ) $ $ $ Prior service credit — — ) —
Schedule of amounts in accumulated other comprehensive income expected to be recognized in components of net periodic pension cost	(In thousands) Pension Benefits Net actuarial loss $
Schedule of weighted-average assumptions used to determine benefit obligations	Pension Benefits Other Benefits December 31, 2015 December 31, 2014 December 31, 2015 December 31, 2014 Discount rate % % N/A % Rate of compensation increase N/A N/A N/A N/A
Schedule of weighted-average assumptions used to determine net periodic benefit cost	Pension Benefits Other Benefits 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Discount rate % % % % % % Weighted average expected long-term return on plan assets % % % N/A N/A N/A Rate of compensation increase N/A N/A N/A N/A N/A N/A
Schedule of benefits expected to be paid	(In thousands) Pension Benefits 2016 $ 2017 2018 2019 2020 Years 2021 - 2025
Schedule of target allocations for plan assets	Asset Category Target Allocation Fixed(1) % Equity Securities—U.S. % Equity Securities—International % Collective trust fund % Private Real Estate % Commodities broad basket % ​ ​ ​ ​ ​ % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Includes U.S. Treasury Securities and Bond market fund.
Schedule of fair value of the pension plan assets	Fair Value Measurements at December 31, 2015 Using (In thousands) Total Carrying Value at December 31, 2015 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Cash and cash equivalents $ $ $ — $ — U.S. treasury securities — — Equity securities: U.S. companies — — International companies — — Bond market fund — — Collective trust fund — — Commodities broad basket fund — — Private real estate — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets at fair value $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2014 Using (In thousands) Total Carrying Value at December 31, 2014 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Cash and cash equivalents $ $ $ — $ — U.S. treasury securities — — Equity securities: U.S. companies — — International companies — — Bond market fund — — Collective trust fund — — Commodities broad basket fund — — Private real estate — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets at fair value $ $ $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

THEATRE AND OTHER CLOSURE AND39

THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS (Tables)	12 Months Ended
	Dec. 31, 2015
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS
A rollforward of reserves for theatre and other closure and disposition of assets	(In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 Beginning balance $ $ $ Theatre and other closure expense Transfer of assets and liabilities — ) Foreign currency translation adjustment ) ) ) Cash payments ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
FAIR VALUE MEASUREMENTS
Schedule of fair value hierarchy of the entity's financial assets carried at fair value on a recurring basis	Fair Value Measurements at December 31, 2015 Using (In thousands) Total Carrying Value at December 31, 2015(1) Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Other long-term assets: Money market mutual funds $ $ $ — $ — Equity securities, available-for-sale: RealD Inc. common stock — — Mutual fund large U.S. equity — — Mutual fund small/mid U.S. equity — — Mutual fund international — — Mutual fund balanced — — Mutual fund fixed income — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets at fair value $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2014 Using (In thousands) Total Carrying Value at December 31, 2014(1) Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Other long-term assets: Money market mutual funds $ $ $ — $ — Equity securities, available-for-sale: RealD Inc. common stock — — Mutual fund large U.S. equity — — Mutual fund small/mid U.S. equity — — Mutual fund international — — Mutual fund balanced — — Mutual fund fixed income — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets at fair value $ $ $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Except for the investment in RealD Inc. common stock, the investments relate to a non-qualified deferred compensation arrangement on behalf of certain management. The Company has an equivalent liability for this related-party transaction recorded in other long-term liabilities for the deferred compensation obligation.
Summary of fair value hierarchy of the Company's assets that were measured at fair value on a nonrecurring basis	Fair Value Measurements at December 31, 2015 Using (In thousands) Total Carrying Value at December 31, 2015 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Losses Property, net: Property owned, net $ $ — $ — $ $ Intangible assets, net: Favorable lease — — — — Fair Value Measurements at December 31, 2014 Using (In thousands) Total Carrying Value at December 31, 2014 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Losses Property, net: Property owned, net $ $ — $ — $ $
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	Fair Value Measurements at December 31, 2015 Using (In thousands) Total Carrying Value at December 31, 2015 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Current maturities of corporate borrowings $ $ — $ $ Corporate borrowings — Fair Value Measurements at December 31, 2014 Using (In thousands) Total Carrying Value at December 31, 2014 Quoted prices in active market (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Current maturities of corporate borrowings $ $ — $ $ Corporate borrowings —

OPERATING SEGMENT (Tables)

OPERATING SEGMENT (Tables)	12 Months Ended
	Dec. 31, 2015
OPERATING SEGMENT
Schedule of information about the Company's revenues from continuing operations and assets by geographic area	Revenues (In thousands) 12 Months Ended December 31, 2015 12 Months Ended December 31, 2014 12 Months Ended December 31, 2013 United States $ $ $ Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term assets, net (In thousands) December 31, 2015 December 31, 2014 United States $ $ Other ​ ​ ​ ​ ​ ​ ​ ​ Total long-term assets(1) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Long-term assets are comprised of property, intangible assets, goodwill, deferred income tax assets and other long-term assets.

ACCUMULATED OTHER COMPREHENSI42

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME
Schedule of changes in accumulated other comprehensive income	(In thousands) Foreign Currency Pension and Other Benefits(1) Unrealized Net Gain from Marketable Securities Unrealized Net Gain from Equity Method Investees' Cash Flow Hedge Total Balance, December 31, 2014 $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) before reclassifications ) ) Amounts reclassified from accumulated other comprehensive income — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2015 $ $ ) $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) See Note 11—Employee Benefit Plans for further information regarding amounts reclassified from accumulated other comprehensive income. (In thousands) Foreign Currency Pension and Other Benefits Unrealized Net Gain from Marketable Securities Unrealized Net Gain from Equity Method Investees' Cash Flow Hedge Total Balance, December 31, 2013 $ ) $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income before reclassifications ) ) ) Amounts reclassified from accumulated other comprehensive income — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2014 $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of tax effects allocated to each component of other comprehensive income	Twelve Months Ended December 31, 2015 December 31, 2014 December 31, 2013 (In thousands) Pre-Tax Amount Tax (Expense) Benefit Net-of-Tax Amount Pre-Tax Amount Tax (Expense) Benefit Net-of-Tax Amount Pre-Tax Amount Tax (Expense) Benefit Net-of-Tax Amount Unrealized foreign currency translation adjustment $ $ ) $ $ $ ) $ $ $ — $ Pension and other benefit adjustments: Net gain (loss) arising during the period ) ) ) ) Prior service credit arising during the period ) — — — ) Amortization of net (gain) loss reclassified into general and administrative: other ) ) ) ) ) — ) Amortization of prior service credit reclassified into general and administrative: other ) ) ) ) — — — Curtailment gain reclassified into general and administrative: other ) ) — — — — — — Settlement gain reclassified into general and administrative: other ) ) — — — — — — Marketable securities: Unrealized net holding gain (loss) arising during the period ) ) ) ) ) Realized net gain reclassified into investment expense (income) ) ) ) ) — Equity method investees' cash flow hedge: Unrealized net holding gain (loss) arising during the period ) ) ) ) ) Realized net loss reclassified into equity in earnings of non-consolidated entities ) ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) $ ) $ $ ) $ ) $ $ ) $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

CONDENSED CONSOLIDATING FINAN43

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2015
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Schedule of condensed statements of operations	Twelve months ended December 31, 2015: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Revenues Admissions $ — $ $ $ — $ Food and beverage — — Other theatre — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses Film exhibition costs — — Food and beverage costs — — Operating expense — Rent — — General and administrative: Merger, acquisition and transaction costs — — — Other — — Depreciation and amortization — — Impairment of long-lived assets — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income (loss) ) ) — Other expense (income) Equity in net (earnings) loss of subsidiaries ) — — Other expense — — — Interest expense: Corporate borrowings — ) Capital and financing lease obligations — — — Equity in earnings of non-consolidated entities — ) — — ) Investment income ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total other expense (income) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) before income taxes ) ) Income tax provision — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2014: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Revenues Admissions $ — $ $ $ — $ Food and beverage — — Other theatre — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses Film exhibition costs — — Food and beverage costs — — Operating expense — Rent — — General and administrative: Merger, acquisition and transaction costs — — — Other — — Depreciation and amortization — — Impairment of long-lived assets — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income (loss) ) ) — Other expense (income) Equity in net (earnings) loss of subsidiaries ) — — Other income — ) — — ) Interest expense: Corporate borrowings — ) Capital and financing lease obligations — — — Equity in earnings of non-consolidated entities — ) — — ) Investment expense (income) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total other expense (income) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) from continuing operations before income taxes ) ) Income tax provision — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) from continuing operations ) ) Gain from discontinued operations, net of income taxes — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2013: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Revenues Admissions $ — $ $ $ — $ Food and beverage — — Other theatre — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses Film exhibition costs — — Food and beverage costs — — Operating expense ) — Rent — — General and administrative: Merger, acquisition and transaction costs — — — Other — — Depreciation and amortization — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating costs and expenses ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income (loss) ) — Other expense (income) Equity in net (earnings) loss of subsidiaries ) — — Other income — ) — — ) Interest expense: Corporate borrowings — ) Capital and financing lease obligations — — — Equity in earnings of non-consolidated entities ) ) — ) Investment income ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total other expense (income) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) from continuing operations before income taxes ) ) Income tax benefit — ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) from continuing operations ) ) Gain from discontinued operations, net of income taxes — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of condensed comprehesive income statement	Twelve months ended December 31, 2015: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Net earnings (loss) $ $ $ ) $ ) $ Equity in other comprehensive income (loss) of subsidiaries ) — — Unrealized foreign currency translation adjustment, net of tax — — Pension and other benefit adjustments: Net gain arising during the period, net of tax — — — Prior service credit arising during the period, net of tax — — — Amortization of net gain reclassified into general and administrative: other, net of tax — ) — — ) Amortization of prior service credit reclassified into general and administrative: other, net of tax — ) — — ) Curtailment gain reclassified into general and administrative: other, net of tax — ) — — ) Settlement gain reclassified into general and administrative: other, net of tax — ) — — ) Marketable securities: Unrealized net holding loss arising during the period, net of tax — ) — — ) Realized net gain reclassified into investment expense (income), net of tax — ) — — ) Equity method investees' cash flow hedge: Unrealized net holding loss arising during the period, net of tax — ) — — ) Realized net loss reclassified into equity in earnings of non-consolidated entities, net of tax — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total comprehensive income (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2014: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Net earnings (loss) $ $ $ ) $ ) $ Equity in other comprehensive income (loss) of subsidiaries ) — — Unrealized foreign currency translation adjustment, net of tax — — Pension and other benefit adjustments: Net loss arising during the period, net of tax — ) — — ) Amortization of net gain reclassified into general and administrative: other, net of tax — ) — — ) Amortization of prior service credit reclassified into general and administrative: other, net of tax — ) — — ) Marketable securities: Unrealized net holding gain arising during the period, net of tax — — — Realized net gain reclassified into investment expense (income), net of tax — ) — — ) Equity method investees' cash flow hedge: Unrealized net holding loss arising during the period, net of tax — ) — — ) Realized net loss reclassified into equity in earnings of non-consolidated entities, net of tax — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total comprehensive income (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2013: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Net earnings (loss) $ $ $ ) $ ) $ Equity in other comprehensive income (loss) of subsidiaries ) — ) — Unrealized foreign currency translation adjustment, net of tax — ) — Pension and other benefit adjustments: Net gain arising during the period, net of tax — — — Prior service credit arising during the period, net of tax — — — Amortization of net gain reclassified into general and administrative: other, net of tax — ) — — ) Marketable securities: Unrealized net holding loss arising during the period, net of tax — ) — — ) Realized net loss reclassified into investment expense (income), net of tax — — — Equity method investees' cash flow hedge: Unrealized net holding gain arising during the period, net of tax — — — Realized net gain reclassified into equity in earnings of non-consolidated entities, net of tax — ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total comprehensive income (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of condensed balance sheets	As of December 31, 2015: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Assets Current assets: Cash and equivalents $ — $ $ $ — $ Receivables, net ) — Other current assets — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current assets ) — Investment in equity of subsidiaries — ) — Property, net — — Intangible assets, net — — — Intercompany advances ) — — Goodwill — — — Deferred income tax asset — — — Other long-term assets — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholder's Equity Current liabilities: Accounts payable $ — $ $ $ — $ Accrued expenses and other liabilities ) — Deferred revenues and income — — — Current maturities of corporate borrowings and capital and financing lease obligations — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current liabilities — Corporate borrowings — — Capital and financing lease obligations — — — Exhibitor services agreement — — — Other long-term liabilities — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities — Stockholder's equity ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholder's equity $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2014: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Assets Current assets: Cash and equivalents $ $ $ $ — $ Receivables, net ) — Other current assets — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current assets — Investment in equity of subsidiaries — ) — Property, net — — Intangible assets, net — — — Intercompany advances ) — — Goodwill — — — Deferred tax asset — — — Other long-term assets — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholder's Equity Current liabilities: Accounts payable $ — $ $ $ — $ Accrued expenses and other liabilities ) — Deferred revenues and income — — Current maturities of corporate borrowings and capital and financing lease obligations — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current liabilities — Corporate borrowings — — Capital and financing lease obligations — — — Exhibitor services agreement — — — Other long-term liabilities — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities — Stockholder's equity ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholder's equity $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of condensed statements of cash flows	Twelve months ended December 31, 2015: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Cash flows from operating activities: Net cash provided by operating activities $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: Capital expenditures — ) ) — ) Acquisition of Starplex Cinemas, net of cash acquired — ) — — ) Proceeds from the disposition of long-term assets — — — Investments in non-consolidated entities — ) — — ) Other, net — ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: Proceeds from issuance of Senior Subordinated Notes due 2025 — — — Proceeds from extension and modification of Term Loan 2022 — — — Repayment of Senior Subordinated Notes due 2020 ) — — — ) Borrowings under Revolving Credit Facility — — — Principal payments under Term Loan ) — — — ) Principal payments under capital and financing leases — ) — — ) Principal payments under promissory note — ) — — ) Premium amount of coupon payment under Senior Subordinated Notes due 2020 ) — — — ) Increase in deferred financing costs ) — — — ) Cash used to pay dividends Holdings ) — — — ) Change in intercompany advances ) ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by (used in) financing activities ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of exchange rate changes on cash and equivalents — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net decrease in cash and equivalents ) ) — ) Cash and equivalents at beginning of period — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and equivalents at end of period $ — $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2014: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Cash flows from operating activities: Net cash provided by operating activities $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: Capital expenditures — ) ) — ) Proceeds from the disposition of long-term assets — — — Investments in non-consolidated entities — ) — — ) Other, net — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: Proceeds from issuance of Senior Subordinated Notes due 2022 — — — Repurchase of Senior Notes due 2019 ) — — — ) Payment of initial public offering costs — ) — — ) Principle payments under Term Loan ) — — — ) Principal payments under capital and financing lease obligations — ) — — ) Principal payments under promissory note — ) — — ) Principal amount of coupon payment under Senior Subordinated Notes due 2020 ) — — — ) Increase in deferred financing costs ) — — — ) Cash used to pay dividends to Holdings ) ) Change in intercompany advances ) ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ) ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of exchange rate changes on cash and equivalents — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net decrease in cash and equivalents ) ) ) — ) Cash and equivalents at beginning of period — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and equivalents at end of period $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve months ended December 31, 2013: (In thousands) AMCE Subsidiary Guarantors Subsidiary Non- Guarantors Consolidating Adjustments Consolidated AMC Entertainment Inc. Cash flows from operating activities: Net cash provided by (used in) operating activities $ $ $ ) $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: Capital expenditures — ) ) — ) Acquisition of Rave theatres — ) — — ) Proceeds from the disposition of long-term assets — — — Investments in non-consolidated entities — ) — ) Other, net — ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: Proceeds from issuance of Term Loan due 2020 — — — Capital contribution from Holdings — — — Repayment of Term Loan due 2016 ) — — — ) Repayment of Term Loan due 2018 ) — — — ) Principle payments under Term Loan ) — — — ) Principal payments under capital and financing lease obligations — ) — — ) Increase in deferred financing costs ) — — — ) Payment of construction payables — ) — — ) Cash used to pay dividends to Holdings ) — — — ) Change in intercompany advances ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by (used in) financing activities ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of exchange rate changes on cash and equivalents — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net increase in cash and equivalents — Cash and equivalents at beginning of period — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and equivalents at end of period $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

THE COMPANY AND SIGNIFICANT A44

THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES - IPO, Revenues, Advertising Costs (Details)	Dec. 23, 2013USD ($)$ / sharesshares	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES
Noncontrolling (minority) interests (as a percent)		0.00%
Number of reportable segments | item		1
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 | item		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		$ 22,879,000	$ 21,347,000	$ 19,510,000
Income from derecognition of package ticket liabilities		12,079,000	11,710,000	0
Film Exhibition Costs
Film exhibition cost payable		131,690,000	95,847,000
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		$ 10,316,000	10,317,000	9,684,000
Impairment of long-lived assets		$ 839,000	$ 0	$ 0
Minimum
Revenues
Breakage rate for gift cards (as a percent)		13.00%
Maximum
Revenues
Breakage rate for gift cards (as a percent)		21.00%
Wanda
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES
Ownership percentage held in Holding entity		77.85%
Combined voting power held in Holdings (as a percent)		91.34%
IPO | Class A common stock | AMCE
THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES
Number of shares issued | shares	18,421,053
Price per share (in dollars per share) | $ / shares	$ 18
Number of additional shares option exercised by underwriters | shares	2,631,579
Total offering size (in shares) | shares	21,052,632
Net proceeds from offering	$ 355,299,000
Amount of IPO proceeds contributed AMCE	$ 355,299,000

THE COMPANY AND SIGNIFICANT A45

THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES - Investments, Goodwill, Payables, Leases (Details)	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 26, 2013
Investments
Goodwill	$ 2,408,834,000	$ 2,291,943,000	$ 2,291,943,000
Impairment of goodwill	0	0
Accounts payable related to checks issued but not yet presented to bank	42,751,000	43,692,000
Financing lease obligations for failed sale leaseback transactions	74,898,000	80,645,000
Trademark and trade name
Investments
Impairment of trademark and tradename	$ 0	$ 0
Minimum
Investments
Lease terms	12 years
Maximum
Investments
Lease terms	15 years
Additional term for which leases can be extended	20 years
NCM
Investments
Ownership percentage	17.66%			4.00%
DCIP
Investments
Ownership percentage	29.00%
DCDC
Investments
Ownership percentage	15.45%
U.S. theatres and IMAX screen
Investments
Ownership percentage	50.00%
Number of U.S. theatres | item	2
Number of IMAX screens | item	1
Open Road Films
Investments
Ownership percentage	50.00%
AC JV, LLC
Investments
Ownership percentage	32.00%			32.00%

THE COMPANY AND SIGNIFICANT A46

THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES - Impairment, Taxes, Isurance (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2013USD ($)	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item	Dec. 31, 2013USD ($)$ / shares
Impairment losses
Impairment of long-lived assets		$ 1,702,000	$ 3,149,000
Total impairment losses		$ 1,702,000	$ 3,149,000	$ 1,370,000
Number of theatres | item		3	8
Number of screens in theatres | item		15	94
Investment expense (income)				1,370,000
Income and operating taxes
Amount of valuation allowance reversed	$ 265,600,000			$ 265,600,000
Increase (decrease) in net earnings resulting from change in valuation amount (USD per share) | $ / shares				$ 3.47
Casualty Insurance
Casualty insurance reserves, net of estimated insurance recoveries		$ 19,973,000	$ 17,197,000
Expenses related to general liability and workers compensation claims		18,487,000	$ 16,329,000	$ 16,332,000
Property
Impairment losses
Impairment of long-lived assets		863,000
Intangible Assets
Impairment losses
Impairment of long-lived assets		839,000
Maximum
Casualty Insurance
Self-insured amount for general liability per occurrence		1,000,000
Deductible limit per occurrence for workers compensation claims		$ 500,000

THE COMPANY AND SIGNIFICANT A47

THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES - Other Expense (Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 15, 2010
Other Expense (Income):
Business interruption insurance recoveries			$ (1,285)
Other expense (income)	$ 10,684	$ (8,344)	(1,415)
8.75% Senior Fixed Rate Notes due 2019
Other Expense (Income):
Interest rate of debt (as a percent)	8.75%	8.75%
Loss (gain) on extinguishment of debt		$ (8,386)
Senior Secured Credit Facility Term-Loan Due 2022 (3.5% as of December 31, 2015)
Other Expense (Income):
Loss on modification of debt	$ 1,366
Other expense
Other Expense (Income):
Other expense		$ 42
Senior Secured Credit Facility-Term Loan due 2020
Other Expense (Income):
Loss (gain) on extinguishment of debt			$ (130)
9.75% Senior Subordinated Notes due 2020
Other Expense (Income):
Interest rate of debt (as a percent)	9.75%	9.75%		9.75%
Loss (gain) on extinguishment of debt	$ 9,318

THE COMPANY AND SIGNIFICANT A48

THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES - New Accounting Pronouncements (Details)	Dec. 31, 2014USD ($)
Accounting Standards Update 2015-17 - Income Taxes - Balance Sheet Classification of Deferred Taxes | Early adoption of new accounting pronouncement
New accounting pronouncements
Current deferred tax asset	$ 107,938,000

ACQUISITION (Details)

ACQUISITION (Details)	1 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)stateitem	Dec. 31, 2015USD ($)stateitem	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Allocation of purchase price
Goodwill	$ 2,408,834,000	$ 2,408,834,000	$ 2,291,943,000	$ 2,291,943,000
Starplex Cinemas
ACQUISITION
Purchase price paid in cash	$ 172,853,000
Number of theatres acquired | item	33
Number of screens acquired | item	346
Number of States in which Entity Operates | state	12	12
Acquisition-related costs		$ 1,534,000
Allocation of purchase price
Cash	$ 2,119,000	2,119,000
Receivables	2,001,000	2,001,000
Other current assets	4,806,000	4,806,000
Property	50,810,000	50,810,000
Intangible assets, net	21,080,000	21,080,000
Goodwill	116,891,000	116,891,000
Other long-term assets	290,000	290,000
Accounts payable	(4,211,000)	(4,211,000)
Accrued expenses and other liabilities	(4,689,000)	(4,689,000)
Deferred revenues and income	(2,295,000)	(2,295,000)
Deferred tax liability	(10,610,000)	(10,610,000)
Other long-term liabilities	(1,220,000)	$ (1,220,000)
Total estimated purchase price	174,972,000
Starplex Cinemas | Held-for-sale
ACQUISITION
Number of theatres acquired | item		2
Number of screens acquired | item		22
Assets held for sale
Value of assets held for sale	$ 5,390,000	$ 5,390,000

PROPERTY (Details)

PROPERTY (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
PROPERTY
Property owned, gross	$ 1,970,649,000	$ 1,629,934,000
Less-accumulated depreciation and amortization	578,687,000	394,008,000
Property owned, net	1,391,962,000	1,235,926,000
Depreciation expense	210,326,000	194,930,000	$ 176,998,000
Property leased under capital leases:
Buildings and improvements	14,381,000	14,381,000
Less-accumulated amortization	4,415,000	3,077,000
Property leased under capital leases, net	9,966,000	11,304,000
Total	1,401,928,000	1,247,230,000
Land
PROPERTY
Property owned, gross	47,899,000	45,448,000
Buildings and improvements
PROPERTY
Property owned, gross	$ 217,885,000	211,947,000
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	$ 775,322,000	627,259,000
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	$ 929,543,000	$ 745,280,000
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 INTANGIBLE51

GOODWILL AND OTHER INTANGIBLE ASSETS - Activity of goodwill (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Activity of goodwill
Balance at the beginning of the period	$ 2,291,943,000
Acquisition of Starplex Cinemas	116,891,000
Balance at the end of the period	$ 2,408,834,000

GOODWILL AND OTHER INTANGIBLE52

GOODWILL AND OTHER INTANGIBLE ASSETS - Other intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Amortizable Intangible Assets:
Gross Carrying Amount	$ 150,571	$ 141,491
Accumulated Amortization	(25,795)	(20,376)
Unamortized Intangible Assets:
AMC trademark	104,400	104,400
Starplex trade name	8,200
Total, unamortizable	112,600	104,400
Favorable leases
Amortizable Intangible Assets:
Gross Carrying Amount	122,831	112,251
Accumulated Amortization	$ (20,592)	(13,781)
Favorable leases | Minimum
Amortizable Intangible Assets:
Remaining Useful Life	3 years
Favorable leases | Maximum
Amortizable Intangible Assets:
Remaining Useful Life	43 years
Management contracts
Amortizable Intangible Assets:
Gross Carrying Amount	$ 4,540	4,540
Accumulated Amortization	$ (2,399)	(1,676)
Management contracts | Minimum
Amortizable Intangible Assets:
Remaining Useful Life	2 years
Management contracts | Maximum
Amortizable Intangible Assets:
Remaining Useful Life	5 years
Non-compete agreements
Amortizable Intangible Assets:
Remaining Useful Life	5 years
Gross Carrying Amount	$ 2,300	3,800
Accumulated Amortization		(2,951)
NCM tax receivable agreement
Amortizable Intangible Assets:
Remaining Useful Life	21 years
Gross Carrying Amount	$ 20,900	20,900
Accumulated Amortization	$ (2,804)	$ (1,968)

GOODWILL AND OTHER INTANGIBLE53

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
GOODWILL AND OTHER INTANGIBLE ASSETS
Recorded amortization	$ 8,380	$ 8,804	$ 9,011
Projected annual amortization
2,016	8,738
2,017	8,621
2,018	8,352
2,019	7,177
2,020	$ 7,000

GOODWILL AND OTHER INTANGIBLE54

GOODWILL AND OTHER INTANGIBLE ASSETS - Additional information of intangible assets acquired (Details) - USD ($) $ in Thousands	Dec. 16, 2015	Dec. 31, 2015	Dec. 31, 2014
Amortizable Intangible Assets:
Total, amortizable		$ 150,571	$ 141,491
Unamortized Intangible Assets:
Total, unamortizable		112,600	104,400
Favorable leases
Amortizable Intangible Assets:
Total, amortizable		122,831	112,251
Non-compete agreements
Amortizable Intangible Assets:
Total, amortizable		$ 2,300	$ 3,800
Starplex Cinemas
Amortizable Intangible Assets:
Weighted Average Amortization Period	15 years 8 months 12 days
Total, amortizable	$ (12,880)
Unamortized Intangible Assets:
Total, unamortizable	$ 8,200
Starplex Cinemas | Favorable leases
Amortizable Intangible Assets:
Weighted Average Amortization Period	18 years
Total, amortizable	$ 10,580
Starplex Cinemas | Non-compete agreements
Amortizable Intangible Assets:
Weighted Average Amortization Period	5 years
Total, amortizable	$ 2,300

INVESTMENTS (Details)

INVESTMENTS (Details)	Dec. 30, 2015shares	Dec. 26, 2013USD ($)item	Dec. 26, 2013USD ($)item	Mar. 14, 2013USD ($)$ / sharesshares	Feb. 13, 2007$ / sharesshares	Dec. 31, 2015USD ($)shares	Mar. 31, 2015USD ($)$ / sharesshares	Mar. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2015USD ($)item$ / sharesshares	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)shares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Mar. 31, 2013$ / sharesshares	Dec. 31, 2012USD ($)shares
Investments
Amount of excess proportional ownership in equity of investments excluding NCM												$ 16,876,000
Amounts due to affiliate												2,897,000	$ 6,194,000
RealD deferred lease incentive												13,408,000	16,047,000
Shares of common stock received in exchange for common units | shares	200,000
Amortizable intangible asset												150,571,000	141,491,000
The Company's recorded equity in earnings									$ 37,131,000	$ 26,615,000	$ 47,435,000
Deferred rent liability for digital projectors												206,265,000	120,184,000
Film exhibition costs									1,021,457,000	934,246,000	976,912,000
Financial Condition:
Current assets												276,337,000	255,269,000
Noncurrent assets												1,682,355,000	1,651,121,000
Total assets												1,958,692,000	1,906,390,000
Current liabilities												219,378,000	179,392,000
Noncurrent liabilities												1,674,575,000	1,758,864,000
Total liabilities												1,893,953,000	1,938,256,000
Stockholders' equity (deficit)												64,739,000	(31,866,000)
Liabilities and stockholders' equity (deficit)												1,958,692,000	1,906,390,000
The company's recorded investment						$ 419,672,000			332,440,000	332,440,000		$ 419,672,000	332,440,000
Operating Results:
Revenues									821,991,000	809,087,000	804,326,000
Operating costs and expenses									679,237,000	661,473,000	582,774,000
Net earnings (loss)									142,754,000	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									332,440,000
Balance at the end of the period						419,672,000			419,672,000	332,440,000
Other Comprehensive (Income)
Fair value of Membership units received in ESA (in dollars per share) | $ / shares							$ 14.52	$ 15.08				$ 15.75			$ 15.22
Equity in (Earnings) Losses
Equity in earnings of non-consolidated entities									$ (37,131,000)	(26,615,000)	(47,435,000)
5% Promissory Note payable to NCM due 2019
Investments
Interest rate of debt (as a percent)												5.00%
NCM tax receivable agreement
Investments
Amortizable intangible asset												$ 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 | shares												1,222,780
Price at which each share of common stock can be purchased (in dollars per share) | $ / shares									$ 0.00667
Number of tranches in which stock options shall be vested upon the achievement of screen installation targets | item									3
Period over which deferred lease incentive is being amortized									5 years
RealD deferred lease incentive												$ 13,408,000
Starplex Cinemas
Investments
Number of additional units received (in shares) | shares									4,399,324
Estimated fair market value of the units												$ 69,289,000
Price per share (in dollars per share) | $ / shares												$ 15.75
Advertising (Revenue)
Advertising (Revenue)
Amortization of ESA									$ (15,317,000)	(15,235,000)	(14,556,000)
Advertising (Revenue) for the period									(15,317,000)	15,235,000	(14,556,000)
Cash Received (Paid)
Cash Received
Balance at the beginning of the period									21,514,000	27,453,000
Receipt of excess cash distributions									22,741,000	21,514,000	27,453,000
Balance at the end of the period						22,741,000			22,741,000	21,514,000	27,453,000
Exhibitor services agreement
Exhibitor Services Agreement
Balance at the beginning of the period									316,815,000	(329,913,000)	(318,154,000)
Receipt of Common Units									(76,101,000)	(2,137,000)	(26,315,000)
Amortization of ESA									15,317,000	15,235,000	14,556,000
Balance at the end of the period						(377,599,000)			(377,599,000)	316,815,000	(329,913,000)
Other Comprehensive (Income)
Other Comprehensive (Income)
Other comprehensive (income) at the beginning of the period									3,780,000	(2,282,000)	(797,000)
Unrealized gain from cash flow hedge									234,000	(1,498,000)	(1,485,000)
Other comprehensive (income) at the end of the period						$ (4,014,000)			(4,014,000)	3,780,000	(2,282,000)
Equity in (Earnings) Losses
Investments
The Company's recorded equity in earnings									11,194,000	(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
Equity in earnings									(14,435,000)	14,446,000	(21,149,000)
Equity in loss from amortization of basis difference												$ 3,241,000	3,135,000	2,965,000
Equity in (Earnings) Losses
Change in interest gain														5,012,000
Equity in earnings									(14,435,000)	14,446,000	(21,149,000)
Equity in earnings of non-consolidated entities									(11,194,000)	11,311,000	(23,196,000)
Common Unit Adjustment
Investments
Number of additional units received (in shares) | shares							469,163	141,731
Estimated fair market value of the units							$ 6,812,000	$ 2,137,000
Price per share (in dollars per share) | $ / shares							$ 14.52	$ 15.08
NCM, LLC
Investments
Shares of common stock issued in IPO | shares					42,000,000
Price of shares of common stock issued in IPO (in dollars per share) | $ / shares					$ 21
Note payable to affiliate												5,555,000	6,944,000
NCM, LLC | NCM tax receivable agreement
Investments
Receipt under Tax Receivable Agreement									6,555,000	8,730,000	3,677,000
NCM, LLC | Advertising (Revenue)
Investments
Amounts due from affiliate												2,406,000	2,072,000
Revenues									35,893,000	34,523,000	33,790,000
NCM, LLC | Advertising expense
Investments
Expenses									8,256,000	12,226,000	13,809,000
NCM, LLC | Exhibitor services agreement
Investments
Amounts due to affiliate												$ 1,226,000	1,784,000
NCM
Investments
Interest in non-consolidated affiliates (as a percent)		4.00%	4.00%									17.66%
Amount of excess proportional ownership in equity of investment									732,788,000
Estimated fair market value of the units												$ 378,030,000
Price per share (in dollars per share) | $ / shares												$ 15.71
Number of common units exchanged for shares of common stock | shares						200,000
Shares of common stock received in exchange for common units | shares						200,000
Gain on exchange shares of NCM						$ 0
Receipt of common units									76,101,000	2,137,000	26,315,000
The Company's recorded equity in earnings									11,194,000	11,311,000	23,196,000
Financial Condition:
Current assets												$ 159,500,000	134,900,000
Noncurrent assets												623,100,000	546,200,000
Total assets												782,600,000	681,100,000
Current liabilities												113,100,000	106,500,000
Noncurrent liabilities												936,000,000	892,000,000
Total liabilities												1,049,100,000	998,500,000
Stockholders' equity (deficit)												(266,500,000)	(317,400,000)
Liabilities and stockholders' equity (deficit)												782,600,000	681,100,000
The company's recorded investment						327,471,000			265,839,000	272,407,000	245,047,000	327,471,000	265,839,000	272,407,000		$ 245,047,000
Operating Results:
Revenues									446,500,000	394,000,000	462,800,000
Operating costs and expenses									359,000,000	297,700,000	299,900,000
Net earnings (loss)									87,500,000	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									265,839,000	272,407,000	245,047,000
Receipt of common units									76,101,000	2,137,000	26,315,000
Exchange of common units									(3,156,000)
Receipt of excess cash distributions												(22,741,000)	(21,514,000)	(27,453,000)
Purchase Price Adjustment											3,817,000
Unrealized gain from cash flow hedge									234,000	1,498,000	1,485,000
Change in interest gain														5,012,000
Equity in earnings									14,435,000	14,446,000	21,149,000
Equity in loss from amortization of basis difference												(3,241,000)	(3,135,000)	(2,965,000)
Balance at the end of the period						$ 327,471,000			$ 327,471,000	265,839,000	272,407,000
Exhibitor Services Agreement
Term of amortization of the exhibitor services agreement (ESA) with NCM									30 years
Equity in (Earnings) Losses
Change in interest gain														$ 5,012,000
Equity in earnings									$ 14,435,000	14,446,000	21,149,000
Equity in earnings of non-consolidated entities									$ (11,194,000)	(11,311,000)	$ (23,196,000)
NCM | NCM tax receivable agreement
Investments
Amortizable intangible asset												$ 20,900,000
NCM | Tranche 1 Investment
Investments
Number of units owned (in shares) | shares												17,323,782				17,323,782
NCM | Tranche 2 Investments
Investments
Number of common units exchanged for shares of common stock | shares						(200,000)
Number of units owned (in shares) | shares												6,539,206
Other Comprehensive (Income)
Membership units received in ESA (in shares) | shares							469,163	141,731				4,399,324			1,728,988
NCM | Tranche 2 Investments | Rave
Investments
Price per share (in dollars per share) | $ / shares				$ 15.22
Receipt of common units				$ 26,315,000
Receipt of common units (in shares) | 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) | shares				1,728,988
NCM | Founding Members | Tranche 2 Investments
Investments
Number of units issued to Founding Member due to an acquisition (in shares) | 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%
Period of applicability of the tax receivable agreement to related party from its IPO									30 years
NCM, LLC
Investments
Equity Method Investment Common Units Owned | shares									23,862,988
U.S. theatres and IMAX screen
Investments
Interest in non-consolidated affiliates (as a percent)												50.00%
Number of U.S. theatres | item									2
Number of IMAX screens | item									1
DCIP
Investments
Interest in non-consolidated affiliates (as a percent)												29.00%
The Company's recorded equity in earnings									$ 24,522,000	20,929,000	$ 18,660,000
Amounts due from affiliate												$ 1,460,000	1,048,000
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									$ 39,000
Term for payment of equipment rent, including scheduled escalations									12 years
Deferred rent liability for digital projectors												8,725,000	9,031,000
Digital equipment rental expense (continuing operations)									$ 4,963,000	6,639,000	11,077,000
Warranty reimbursements received									5,241,000	3,651,000	2,166,000
Financial Condition:
Current assets												48,833,000	53,229,000
Noncurrent assets												955,924,000	1,044,417,000
Total assets												1,004,757,000	1,097,646,000
Current liabilities												32,533,000	24,036,000
Noncurrent liabilities												642,659,000	821,282,000
Total liabilities												675,192,000	845,318,000
Stockholders' equity (deficit)												329,565,000	252,328,000
Liabilities and stockholders' equity (deficit)												1,004,757,000	1,097,646,000
The company's recorded investment						$ 85,710,000			62,236,000	62,236,000		$ 85,710,000	62,236,000
Operating Results:
Revenues									172,256,000	170,724,000	182,659,000
Operating costs and expenses									93,001,000	109,430,000	133,700,000
Net earnings (loss)									79,255,000	61,294,000	48,959,000
Changes in carrying amount of investment in NCM and equity in earnings of NCM
Balance at the beginning of the period									62,236,000
Balance at the end of the period						85,710,000			85,710,000	62,236,000
Equity in (Earnings) Losses
Equity in earnings of non-consolidated entities									(24,522,000)	(20,929,000)	(18,660,000)
DCDC
Investments
Interest in non-consolidated affiliates (as a percent)												15.45%
Open Road Releasing, LLC, operator of ORF
Investments
Interest in non-consolidated affiliates (as a percent)												50.00%
Amounts due to affiliate												$ 1,061,000	709,000
The Company's recorded equity in earnings									(430,000)	(7,650,000)	4,861,000
Amounts due from affiliate												2,472,000	2,560,000
Film exhibition costs									6,380,000	13,300,000	12,700,000
Financial Condition:
Current assets												48,954,000	44,498,000
Noncurrent assets												52,359,000	12,260,000
Total assets												101,313,000	56,758,000
Current liabilities												65,076,000	41,080,000
Noncurrent liabilities												95,916,000	45,582,000
Total liabilities												160,992,000	86,662,000
Stockholders' equity (deficit)												(59,679,000)	(29,904,000)
Liabilities and stockholders' equity (deficit)												101,313,000	56,758,000
The company's recorded investment						(10,000,000)			(9,570,000)	(9,570,000)		(10,000,000)	(9,570,000)
Operating Results:
Revenues									119,227,000	175,374,000	140,350,000
Operating costs and expenses									149,002,000	190,602,000	130,628,000
Net earnings (loss)									(29,775,000)	(15,228,000)	9,722,000
Changes in carrying amount of investment in NCM and equity in earnings of NCM
Balance at the beginning of the period									(9,570,000)
Balance at the end of the period						(10,000,000)			(10,000,000)	(9,570,000)
Equity in (Earnings) Losses
Equity in earnings of non-consolidated entities									430,000	7,650,000	(4,861,000)
Advertising (Revenue)
Capital commitment												10,000,000
Cumulative loss									14,422,000
Recorded investment in excess of proportional ownership												$ (19,840,000)
AC JV, LLC
Investments
Interest in non-consolidated affiliates (as a percent)		32.00%	32.00%									32.00%
Amounts due to affiliate												$ 445,000	333,000
The Company's recorded equity in earnings									950,000	1,470,000
Financial Condition:
Current assets												9,967,000	10,993,000
Noncurrent assets												21,502,000	22,948,000
Total assets												31,469,000	33,941,000
Current liabilities												3,802,000	4,238,000
Total liabilities												3,802,000	4,238,000
Stockholders' equity (deficit)												27,667,000	29,703,000
Liabilities and stockholders' equity (deficit)												31,469,000	33,941,000
The company's recorded investment						5,605,000			6,255,000	6,255,000		5,605,000	6,255,000
Operating Results:
Revenues									53,371,000	42,102,000
Operating costs and expenses									50,600,000	37,669,000
Net earnings (loss)									2,771,000	4,433,000
Changes in carrying amount of investment in NCM and equity in earnings of NCM
Balance at the beginning of the period									6,255,000
Balance at the end of the period						5,605,000			5,605,000	6,255,000
Equity in (Earnings) Losses
Equity in earnings of non-consolidated entities									(950,000)	(1,470,000)
Advertising (Revenue)
Gross exhibition cost on Fathom Events programming									8,511,000	6,898,000
AC JV, LLC | Founding Members
Investments
Interest in non-consolidated affiliates (as a percent)		32.00%	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
Number of equal installments of interest and principal payments due | item		6
Interest rate of debt (as a percent)		5.00%	5.00%
Advertising (Revenue)
Number of founding members | item			3
Aggregate principal amount		$ 8,333,000	$ 8,333,000
Other
Investments
The Company's recorded equity in earnings									895,000	555,000	718,000
Financial Condition:
Current assets												9,083,000	11,649,000
Noncurrent assets												29,470,000	25,296,000
Total assets												38,553,000	36,945,000
Current liabilities												4,867,000	3,538,000
Total liabilities												4,867,000	3,538,000
Stockholders' equity (deficit)												33,686,000	33,407,000
Liabilities and stockholders' equity (deficit)												38,553,000	36,945,000
The company's recorded investment						10,886,000			7,680,000	7,680,000		$ 10,886,000	$ 7,680,000
Operating Results:
Revenues									30,637,000	26,887,000	18,517,000
Operating costs and expenses									27,634,000	26,072,000	18,546,000
Net earnings (loss)									3,003,000	815,000	(29,000)
Changes in carrying amount of investment in NCM and equity in earnings of NCM
Balance at the beginning of the period									7,680,000
Balance at the end of the period						$ 10,886,000			10,886,000	7,680,000
Equity in (Earnings) Losses
Equity in earnings of non-consolidated entities									$ (895,000)	$ (555,000)	$ (718,000)
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%
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%

SUPPLEMENTAL BALANCE SHEET IN56

SUPPLEMENTAL BALANCE SHEET INFORMATION (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Other current assets:
Prepaid rent	$ 41,805	$ 39,021
Income taxes receivable	570	3,029
Prepaid insurance and other	17,810	16,512
Merchandise inventory	13,992	10,516
Assets held for sale	5,390
Other	18,041	15,265
Other current assets, total	97,608	84,343
Other long-term assets:
Investments in real estate	10,309	11,300
Deferred financing costs	31,453	13,129
Investments in equity method investees	419,672	332,440
Computer software	41,378	38,619
Investment in RealD Inc. common stock	12,900	14,429
Other	7,813	7,687
Other long-term assets, total	523,525	417,604
Accrued expenses and other liabilities:
Taxes other than income	53,924	47,988
Interest	12,050	13,649
Payroll and vacation	12,934	10,901
Current portion of casualty claims and premiums	8,591	9,211
Accrued bonus	19,584	16,771
Theatre and other closure	7,537	7,709
Accrued licensing and percentage rent	20,763	14,399
Current portion of pension and other benefits liabilities	152	781
Other	23,129	14,853
Accrued expenses and other liabilities, total	158,664	136,262
Other long-term liabilities:
Unfavorable lease obligations	140,440	165,073
Deferred rent	206,265	120,184
Pension and other benefits	42,196	48,436
RealD deferred lease incentive	13,408	16,047
Casualty claims and premiums	13,194	10,327
Theatre and other closure	35,436	45,126
Other	11,687	14,524
Other long-term liabilities, total	$ 462,626	$ 419,717

CORPORATE BORROWINGS AND CAPI57

CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS - Summary of borrowings (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 10, 2015	Jun. 05, 2015	Dec. 31, 2014	Feb. 07, 2014	Dec. 15, 2010
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations	$ 2,036,425,000			$ 1,900,263,000
Less: current maturities	(18,786,000)			(23,598,000)
Corporate borrowings and capital and financing lease obligations, non-current	2,017,639,000			1,876,665,000
Unamortized premium and discounts	1,619,000
Senior Secured Credit Facility Term-Loan Due 2022 (3.5% as of December 31, 2015)
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations	$ 879,006,000
Interest rate for borrowings	4.00%
Senior Secured Credit Facility-Term Loan due 2020
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations				760,018,000
Interest rate for borrowings		3.50%
Senior Secured Credit Facility-Revolving Credit Facility Due 2020 (2.8445% as of December 31, 2015)
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations	$ 75,000,000
Interest rate for borrowings	2.8445%
5% Promissory Note payable to NCM due 2019
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations	$ 5,555,000			6,944,000
Stated interest rate (as a percent)	5.00%
9.75% Senior Subordinated Notes due 2020
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations				$ 649,043,000
Stated interest rate (as a percent)	9.75%			9.75%		9.75%
5.875% Senior Subordinated Notes due 2022
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations	$ 375,000,000			$ 375,000,000
Stated interest rate (as a percent)	5.875%				5.875%
5.75 % Senior Subordinated Notes due 2025
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations	$ 600,000,000
Stated interest rate (as a percent)	5.75%		5.75%
Capital and financing lease obligations
CORPORATE BORROWINGS
Corporate borrowings and capital and financing lease obligations	$ 101,864,000			$ 109,258,000
Capital and financing lease obligations | Minimum
CORPORATE BORROWINGS
Interest rate (as a percent)	6.00%
Capital and financing lease obligations | Maximum
CORPORATE BORROWINGS
Interest rate (as a percent)	11.50%

CORPORATE BORROWINGS AND CAPI58

CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS - Minimum annual payments (Details) $ in Thousands	Dec. 31, 2015USD ($)
Capital and Financing Lease Obligations, Minimum Lease Payments
2,016	$ 17,082
2,017	17,090
2,018	17,193
2,019	15,530
2,020	15,559
Thereafter	65,482
Total	147,936
Capital and Financing Lease Obligations, Less Interest
2,016	8,491
2,017	7,680
2,018	6,783
2,019	5,852
2,020	4,916
Thereafter	12,350
Total	46,072
Capital and Financing Lease Obligations, Principal
2,016	8,591
2,017	9,410
2,018	10,410
2,019	9,678
2,020	10,643
Thereafter	53,132
Total	101,864
Principal Amount of Corporate Borrowings
2,016	10,195
2,017	10,195
2,018	10,195
2,019	10,195
2,020	83,806
Thereafter	1,811,594
Total	1,936,180
Future maturities of corporate borrowings and capital and financing leases
2,016	18,786
2,017	19,605
2,018	20,605
2,019	19,873
2,020	94,449
Thereafter	1,864,726
Total	$ 2,038,044

CORPORATE BORROWINGS AND CAPI59

CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS - Senior Secured Credit Facility (Details)	Dec. 31, 2015USD ($)	Dec. 11, 2015USD ($)	Dec. 10, 2015	Apr. 30, 2013USD ($)	Dec. 31, 2015USD ($)item	Dec. 31, 2013USD ($)
Senior Secured Credit Facility
Corporate borrowings and capital and financing lease obligations
Maximum borrowing capacity				$ 925,000,000
Redemption price of debt instrument (as a percent)				100.00%
Gains (Losses) on Extinguishment of Debt						$ 130,000
Stay of enforcement period					60 days
Maximum senior secured leverage ratio	3.25				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 | item					1
Principal amount for which uninsured judgements against the entity, any guarantor, or any significant subsidiary considered as events of default					$ 25,000,000
Senior Secured Credit Facility | First Amendment
Corporate borrowings and capital and financing lease obligations
Gains (Losses) on Extinguishment of Debt					1,366,000
Senior Secured Credit Facility | Letter of credit
Corporate borrowings and capital and financing lease obligations
Available borrowing capacity	$ 62,059,000				62,059,000
Senior Secured Credit Facility | Base rate
Corporate borrowings and capital and financing lease obligations
Variable rate basis				Base rate
Senior Secured Credit Facility | Base rate | First Amendment
Corporate borrowings and capital and financing lease obligations
Reference rate (as a percent)		2.25%
Senior Secured Credit Facility | LIBOR
Corporate borrowings and capital and financing lease obligations
Variable rate basis				LIBOR
Reference rate (as a percent)				0.75%
Senior Secured Credit Facility | LIBOR | First Amendment
Corporate borrowings and capital and financing lease obligations
Reference rate (as a percent)		3.25%
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
Term loans due 2016
Corporate borrowings and capital and financing lease obligations
Outstanding aggregate principal balance				760,338,000
Credit Facility term loans due in 2020
Corporate borrowings and capital and financing lease obligations
Maximum borrowing capacity				775,000,000
Capitalized deferred financing costs				$ 2,217,000
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%
Senior Secured Credit Facility Term-Loan Due 2022 (3.5% as of December 31, 2015)
Corporate borrowings and capital and financing lease obligations
Aggregate principal amount	$ 880,625,000				$ 880,625,000
Interest rate for borrowings (as a percent)	4.00%				4.00%
Spread on variable rate basis (as a percent)			2.75%
Required quarterly repayments of principal (as a percent)	0.25%				0.25%
Principal repayments per quarter					$ 2,201,500
Unused commitment fee (as a percent)					0.50%
Fee on undrawn amount of the letter of credit (as a percent)					0.25%
Senior Secured Credit Facility Term-Loan Due 2022 (3.5% as of December 31, 2015) | First Amendment
Corporate borrowings and capital and financing lease obligations
Aggregate principal amount		$ 125,000,000
Capitalized deferred financing costs		3,329,000
Senior Secured Credit Facility Term-Loan Due 2022 (3.5% as of December 31, 2015) | Base rate
Corporate borrowings and capital and financing lease obligations
Spread on variable rate basis (as a percent)					2.25%
Reference rate (as a percent)					1.75%
Senior Secured Credit Facility Term-Loan Due 2022 (3.5% as of December 31, 2015) | Base rate | Minimum
Corporate borrowings and capital and financing lease obligations
Spread on variable rate basis (as a percent)					1.25%
Senior Secured Credit Facility Term-Loan Due 2022 (3.5% as of December 31, 2015) | Base rate | Maximum
Corporate borrowings and capital and financing lease obligations
Spread on variable rate basis (as a percent)					1.50%
Senior Secured Credit Facility Term-Loan Due 2022 (3.5% as of December 31, 2015) | LIBOR
Corporate borrowings and capital and financing lease obligations
Spread on variable rate basis (as a percent)	3.25%				3.25%
Senior Secured Credit Facility Term-Loan Due 2022 (3.5% as of December 31, 2015) | LIBOR | Minimum
Corporate borrowings and capital and financing lease obligations
Spread on variable rate basis (as a percent)			0.75%		2.25%
Reference rate (as a percent)	0.75%
Senior Secured Credit Facility Term-Loan Due 2022 (3.5% as of December 31, 2015) | LIBOR | Maximum
Corporate borrowings and capital and financing lease obligations
Spread on variable rate basis (as a percent)					2.50%
Senior Secured Credit Facility-Revolving Credit Facility Due 2020 (2.8445% as of December 31, 2015)
Corporate borrowings and capital and financing lease obligations
Aggregate principal amount	$ 75,000,000				$ 75,000,000
Interest rate for borrowings (as a percent)	2.8445%				2.8445%
Senior Secured Credit Facility-Revolving Credit Facility Due 2020 (2.8445% as of December 31, 2015) | First Amendment
Corporate borrowings and capital and financing lease obligations
Capitalized deferred financing costs		$ 6,545,000

CORPORATE BORROWINGS AND CAPI60

CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS - AMCE notes (Details) - USD ($)

May. 26, 2015

Jun. 01, 2014

Feb. 07, 2014

Jan. 15, 2014

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Oct. 30, 2015

Jun. 05, 2015

Feb. 14, 2014

Jan. 29, 2014

Dec. 15, 2010

Jun. 09, 2009

Corporate borrowings and capital and financing lease obligations

Amortization of discount (premium) on corporate borrowings

$ 808,000

$ 832,000

$ (12,687,000)

Unamortized premium

$ 1,619,000

8.75% Senior Fixed Rate Notes due 2019

Corporate borrowings and capital and financing lease obligations

Aggregate principal amount

$ 600,000,000

Stated interest rate (as a percent)

8.75%

8.75%

Percentage of principal amount of the outstanding Original Notes validly tendered under exchange offer

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

Loss (gain) on extinguishment related to the cash tender offer

8,544,000

Other expenses

$ 158,000

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 | Redemption period on or after June 1, 2014

Corporate borrowings and capital and financing lease obligations

Debt instrument redemption price as a percentage of principal amount

104.375%

Aggregate principal amount of debt redeemed

$ 136,036,000

9.75% Senior Subordinated Notes due 2020

Corporate borrowings and capital and financing lease obligations

Aggregate principal amount

$ 18,676,000

$ 600,000,000

Stated interest rate (as a percent)

9.75%

9.75%

9.75%

Percentage of principal amount of the outstanding Original Notes validly tendered under exchange offer

96.90%

Redemption price of debt instrument (as a percent)

104.875%

Aggregate principal amount of debt that was offered for purchase under the cash tender offer

$ 581,324,000

Loss (gain) on extinguishment related to the cash tender offer

$ (9,318,000)

Purchase amount of Notes tendered

$ 1,093

5.875% Senior Subordinated Notes due 2022

Corporate borrowings and capital and financing lease obligations

Aggregate principal amount

$ 375,000,000

Stated interest rate (as a percent)

5.875%

5.875%

Capitalized deferred financing costs

$ 7,748,000

5.875% Senior Subordinated Notes due 2022 | Redemption period on or after February 15, 2017 | Maximum

Corporate borrowings and capital and financing lease obligations

Redemption price of debt instrument (as a percent)

104.406%

5.875% Senior Subordinated Notes due 2022 | Redemption period on or after February 15, 2017 | Minimum

Corporate borrowings and capital and financing lease obligations

Redemption price of debt instrument (as a percent)

100.00%

5.75 % Senior Subordinated Notes due 2025

Corporate borrowings and capital and financing lease obligations

Aggregate principal amount

$ 600,000,000

Stated interest rate (as a percent)

5.75%

5.75%

Capitalized deferred financing costs

$ 11,378,000

Stay of enforcement period

210 days

5.75 % Senior Subordinated Notes due 2025 | Redemption period on or after June 15, 2020 | Maximum

Corporate borrowings and capital and financing lease obligations

Redemption price of debt instrument (as a percent)

102.875%

5.75 % Senior Subordinated Notes due 2025 | Redemption period on or after June 15, 2023 | Minimum

Corporate borrowings and capital and financing lease obligations

Redemption price of debt instrument (as a percent)

100.00%

Notes due 2020 | Additional debt that could be incurred under financial covenants after giving effect to the event on a pro forma basis

Corporate borrowings and capital and financing lease obligations

Loan Amount and Dividends That Could be Made

$ 1,218,246,000

Notes due 2020

Corporate borrowings and capital and financing lease obligations

Stated interest rate (as a percent)

7.00%

Maximum borrowing capacity

$ 2,537,700,000

5% Promissory Note payable to NCM due 2019

Corporate borrowings and capital and financing lease obligations

Stated interest rate (as a percent)

5.00%

STOCKHOLDER'S EQUITY (Details)

STOCKHOLDER'S EQUITY (Details) - USD ($)	Oct. 29, 2015	Aug. 07, 2015	Jul. 28, 2015	Apr. 27, 2015	Mar. 06, 2015	Feb. 03, 2015	Oct. 27, 2014	Jul. 29, 2014	Jun. 25, 2014	Jun. 05, 2014	May. 12, 2014	Apr. 25, 2014	Jan. 02, 2014	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 15, 2014
STOCKHOLDER'S EQUITY
Common stock, shares issued (in shares)																1	1
Dividends
Dividends declared	$ 19,654,000		$ 19,622,000	$ 19,635,000		$ 19,637,000	$ 19,577,000	$ 19,576,000				$ 19,576,000
Dividends Payable, Amount Per Share	$ 0.20		$ 0.20	$ 0.20		$ 0.20	$ 0.20	$ 0.20				$ 0.20
Dividends and dividend equivalents																$ 78,608,000	$ 58,504,000	$ 588,000
Increase in additional paid in capital for recognition of deferred tax assets																268,000	27,000
Accrued unpaid dividends																165,000	225,000
Equity disclosures
Stock-based compensation expense included in general and administrative expenses																10,480,000	11,293,000	12,000,000
Stock based compensation																10,480,000	$ 11,293,000	6,483,000
Total estimated unrecognized compensation cost related to nonvested stock-based compensation arrangements																20,000
Service condition term																	1 year
Additional Paid-in Capital
Equity disclosures
Stock based compensation																10,480,000	$ 11,293,000	6,483,000
AMCE
Dividends
Dividends and dividend equivalents																		588,000
Performance Vesting
Equity disclosures
Stock-based compensation expense included in general and administrative expenses																$ 4,679,000	$ 6,063,000
Shares granted					168,949					1,655	1,819		244,016
Increase in authorized capital expenditures to accelerate deployment of certain customer experience enhancing strategic initiatives														$ 38,800,000
Price per share (in dollars per share)																			$ 24.60
Percentage of performance target					122.80%					100.00%	100.00%		100.00%				100.00%
Service condition term																	1 year
RSU and PSU units
Dividends
Vested units withheld for taxes																	3,131
Increase (derease) to additional paid-in capital related to stock based compensation																	$ (107,000)
Equity disclosures
Restricted stock unit granted (in shares)																331,573	494,980
Shares of RSU and PSU
Granted (in shares)																331,573	494,980
Vested (in shares)																(280,844)	(493,971)
Forfeited (in shares)																(31,503)	(1,009)
Nonvested at the end of the period (in shares)																19,226
Weighted Average Grant Date Fair Value
Granted (in dollars per share)																$ 33.71	$ 22.40
Vested (in dollars per share)																33.96	22.41
Forfeited (in dollars per share)																33.96	$ 20.18
Unvested at the end of the period (in dollars per share)																29.59
RSU and PSU units | Minimum
Equity disclosures
Price per share (in dollars per share)																20.18
RSU and PSU units | Maximum
Equity disclosures
Price per share (in dollars per share)																$ 33.96
Chief Executive officer and President | Restricted stock unit
Equity disclosures
Stock-based compensation expense included in general and administrative expenses		$ 549,000
Shares granted		19,226
Estimated grant date fair value		$ 569,000
2013 Equity Incentive Plan | Stock options
Equity disclosures
Number of shares authorized																9,474,000
Number of shares remaining available for grant																8,296,571
2013 Equity Incentive Plan | Board of Director | Stock options
Equity disclosures
Stock-based compensation expense included in general and administrative expenses																$ 382,000	$ 226,000
2013 Equity Incentive Plan | Members of managment and executive officers | Performance Vesting
Equity disclosures
Number of days form the termination of service for settlement of fully vested RSU													60 days
2013 Equity Incentive Plan | Members of managment and executive officers | Performance Vesting | Minimum
Equity disclosures
PSUs vesting as a percentage of performance target													80.00%
2013 Equity Incentive Plan | Members of managment and executive officers | Performance Vesting | Maximum
Equity disclosures
PSUs vesting as a percentage of performance target													120.00%
2013 Equity Incentive Plan | Members of managment and executive officers | Performance Vesting | 30% | Minimum
Equity disclosures
Percentage of performance target													30.00%
2013 Equity Incentive Plan | Members of managment and executive officers | Performance Vesting | 150% | Maximum
Equity disclosures
Percentage of performance target													150.00%
2013 Equity Incentive Plan | Members of management | Performance Vesting | Maximum
Equity disclosures
Percentage of performance target									120.00%
2013 Equity Incentive Plan | Members of management | Restricted stock unit
Equity disclosures
Stock-based compensation expense included in general and administrative expenses																$ 2,875,000	2,408,000
Restricted stock unit granted (in shares)											118,849		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)											118,849		84,649
2013 Equity Incentive Plan | Executive officers | Restricted stock unit
Equity disclosures
Stock-based compensation expense included in general and administrative expenses																$ 1,995,000	$ 2,596,000
Shares granted																58,749
Restricted stock unit granted (in shares)																	128,641
Shares of RSU and PSU
Granted (in shares)																	128,641
2013 Equity Incentive Plan | Executive officers | Restricted stock unit | Performance Vesting
Equity disclosures
Number of days form the termination of service for settlement of fully vested RSU													60 days
Class A common stock
STOCKHOLDER'S EQUITY
Tax withholding obligation satisfied by tender of shares															$ 588,000			$ 588,000
Dividends
Dividends and dividend equivalents																$ 17,260,000	$ 12,937,000
Class A common stock | 2013 Equity Incentive Plan | Stock options | IPO
Equity disclosures
Stock-based compensation expense included in general and administrative expenses															$ 12,000,000
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													11,035			15,312
Class A common stock | 2013 Equity Incentive Plan | Members of managment and executive officers | Restricted stock unit
Equity disclosures
Number of shares that will be received under each RSU																1
Class B common stock
Dividends
Dividends and dividend equivalents																$ 60,662,000	45,496,000
Dividend equivalents
Dividends
Dividends and dividend equivalents																686,000	71,000
Wanda
Dividends
Receivable due from related party																$ 141,000	$ 156,000

INCOME TAXES - Income tax provi

INCOME TAXES - Income tax provision (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current:
Federal	$ 10,278,000
State	(2,263,000)	$ 1,250,000	$ 4,045,000
Total current	8,015,000	1,250,000	4,045,000
Deferred:
Federal	46,935,000	43,869,000	(229,778,000)
State	4,725,000	(11,439,000)	(36,820,000)
Deferred income taxes	51,660,000	32,430,000	(266,598,000)
Total provision (benefit)	59,675,000	33,680,000	(262,553,000)
Tax provision from discontinued operations		210,000	830,000
Income tax provision (benefit)	59,675,000	33,470,000	(263,383,000)
Alternative minimum taxes recorded	0
Alternative minimum tax liability of the consolidated tax group	0
Pre-tax income (losses)
Domestic	163,531,000	97,303,000	103,526,000
Foreign		457,000	(1,679,000)
Total	$ 163,531,000	$ 97,760,000	$ 101,847,000

INCOME TAXES - Effective income

INCOME TAXES - Effective income tax rate on earnings (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
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	$ 57,237,000	$ 34,035,000	$ 34,902,000
Effect of:
State income taxes	6,180,000	195,000	1,479,000
Increase (decrease) in reserve for uncertain tax positions	(1,031,000)	1,050,000	2,193,000
Federal and state credits	(2,686,000)	(2,985,000)	(2,600,000)
Change in net operating loss carryforward for excess tax deductions			(28,206,000)
Permanent items	101,000	1,485,000	537,000
Other items	155,000	(1,100,000)	(6,088,000)
Valuation allowance	(281,000)	790,000	(265,600,000)
Income Tax Expense (Benefit)	$ 59,675,000	$ 33,470,000	$ (263,383,000)
Effective income tax rate (as a percent)	36.50%	34.40%	(264.10%)
Reduction of uncertain tax positions and net discrete tax benefit	$ 2,900,000
Net Discrete Benefit For Reduction of Uncertain Tax Positions	2,100,000
Gross decreases-tax position in prior periods	800,000
Increase of uncertain tax positions and net discrete tax provision	(2,200,000)		$ (500,000)
Net discrete tax provision for interest	1,000,000
Net discrete tax provision for interest, net of tax	(610,000)
Deferred tax assets reinstated	9,200,000
Interest and taxes payable	$ 10,200,000

INCOME TAXES - Deferred taxes (

INCOME TAXES - Deferred taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Assets
Accrued liabilities				$ 28,390	$ 31,430
Capital loss carryforwards					50
Pension postretirement and deferred compensation				38,183	33,581
Corporate borrowings					19,127
Deferred revenue				179,133	154,583
Lease liabilities				135,215	111,250
Capital and financing lease obligations				33,130	35,654
Alternative minimum tax and other credit carryovers				17,520	21,802
Charitable contributions					158
Net operating loss carryforward				183,961	228,302
Total				615,532	635,937
Less: Valuation allowance	$ (790)	$ (790)	$ (248,420)	(509)	(790)
Net deferred income taxes				615,023	635,147
Liabilities
Tangible assets				(131,793)	(113,456)
Intangible assets				(121,495)	(101,725)
Receivables				(5,264)	(5,206)
Investments				(230,568)	(233,005)
Total deferred income taxes				$ (489,120)	$ (453,392)
Rollforward of the Company's valuation allowance for deferred tax assets
Balance at Beginning of Period	790		248,420
Additions Charged (Credited) to Expenses	(281)	790	(265,600)
Charged (Credited) to Goodwill			11,088
Charged (Credited) to Other Accounts			$ 6,092
Balance at End of Period	$ 509	$ 790

INCOME TAXES - Income tax loss

INCOME TAXES - Income tax loss carryforward (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
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	$ 542,102,000
State
Income tax loss carryforward
Income tax loss carryforward	$ 321,105,000

INCOME TAXES - Deferred tax ass

INCOME TAXES - Deferred tax assets (Details) - USD ($)	Dec. 30, 2015	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Feb. 07, 2014	Jun. 09, 2009
INCOME TAXES
Net deferred tax assets				$ 126,198,000	$ 181,782,000
Amount of valuation allowance reversed		$ 265,600,000	$ 265,600,000
Shares of common stock received in exchange for common units	200,000
Capital gain	$ 4,600,000
8.75% Senior Fixed Rate Notes due 2019
INCOME TAXES
Interest rate of debt (as a percent)				8.75%			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 (as a percent)				5.875%		5.875%

INCOME TAXES - Unrecognized tax

INCOME TAXES - Unrecognized tax benefits (Details)	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Reconciliation of the change in the amount of unrecognized tax benefits
Balance at beginning of period	$ 30,500,000	$ 27,400,000	$ 21,900,000
Gross increases-current period tax positions	1,700,000	1,600,000	3,800,000
Gross increases-prior periods tax position	1,100,000	1,500,000	2,200,000
Favorable resolutions with authorities	(2,200,000)		(500,000)
Lapse of statute of limitations	(1,000,000)
Balance at end of period	30,100,000	$ 30,500,000	$ 27,400,000
Gross decreases-tax position in prior periods	800,000
Interest expense recognized	$ 1,000,000
Number of subsidiaries files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions | item	1

LEASES - Future minimum rent (D

LEASES - Future minimum rent (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)item
Future minimum rental payments required under existing operating leases and digital projector equipment leases payable to DCIP
2,016	$ 451,830
2,017	451,787
2,018	418,384
2,019	382,343
2,020	350,342
Thereafter	1,822,552
Total minimum payments required	$ 3,877,238
Number of theatres under construction taken on lease | item	6
Number of screens in theatres under construction taken on lease | item	68

LEASES - Rent expense (Details)

LEASES - Rent expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
LEASES
Deferred rent	$ 206,265	$ 120,184
Unfavorable lease obligations	140,440	165,073
Rent expense
Minimum rentals	405,455	395,795	$ 394,937
Common area expenses	47,950	48,159	44,198
Percentage rentals based on revenues	14,417	11,285	12,693
Rent	467,822	455,239	451,828
General and administrative and other	7,224	7,763	13,393
Total	$ 475,046	$ 463,002	$ 465,221

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Employee benefit plan disclosures
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)		PT1000H
Initial period of employment for eligibility (in months)		12 months
Targeted payment to associates		$ 4,300,000
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
Components of net periodic benefit (credit):
Net periodic benefit (credit)		(18,208,000)	$ (3,418,000)	$ 973,000
Changes in other comprehensive loss
Net periodic benefit cost (credit)		(18,208,000)	(3,418,000)	973,000
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					$ (152,000)	$ (781,000)
Other long-term liabilities					(42,196,000)	(48,436,000)
Pension Benefits
Components of net periodic benefit (credit):
Service cost				180,000
Interest cost		4,277,000	4,609,000	4,513,000
Expected return on plan assets		(4,666,000)	(5,230,000)	(4,707,000)
Amortization of net (gain) loss		45,000	(1,034,000)
Settlement (gain) loss		254,000
Net periodic benefit (credit)		(90,000)	(1,655,000)	(14,000)
Changes in other comprehensive loss
Net (gain) loss		(345,000)	21,641,000
Amortization of net gain		(45,000)	1,034,000
Settlement		(254,000)
Allocated tax expense (benefit)		251,000	(8,843,000)
Total recognized in other comprehensive (income) loss		(393,000)	13,832,000
Net periodic benefit cost (credit)		(90,000)	(1,655,000)	(14,000)
Total recognized in net periodic benefit cost (credit) and other comprehensive (income) loss		(483,000)	12,177,000
Change in benefit obligation:
Benefit obligation at beginning of period		113,955,000	98,883,000
Service cost				180,000
Interest cost		4,277,000	4,609,000	4,513,000
Actuarial (gain) loss		(6,152,000)	23,532,000
Benefits paid		(4,665,000)	(2,247,000)
Administrative expenses		(106,000)	(81,000)
Settlement paid		(296,000)	(7,166,000)
Settlement gain		(44,000)	(3,575,000)
Benefit obligation at end of period	$ 98,883,000	106,969,000	113,955,000	98,883,000
Change in plan assets:
Fair value of plan assets at beginning of period		70,424,000	73,658,000
Actual return on plan assets (loss) gain		(1,184,000)	3,546,000
Employer contribution		448,000	2,714,000
Benefits paid		(4,665,000)	(2,247,000)
Administrative expense		(106,000)	(81,000)
Settlement		(296,000)	(7,166,000)
Fair value of plan assets at end of period	73,658,000	64,621,000	70,424,000	73,658,000
Net liability for benefit cost: Funded status					(42,348,000)	(43,531,000)
Amounts recognized in the Balance Sheet:
Accrued expenses and other liabilities					(152,000)	(152,000)
Other long-term liabilities					(42,196,000)	(43,379,000)
Net liability recognized					(42,348,000)	(43,531,000)
Aggregate accumulated benefit obligation	(98,883,000)	(113,955,000)	$ (98,883,000)	$ (98,883,000)	(106,969,000)	(113,955,000)
Pension plans with accumulated benefit obligations and projected benefit obligations in excess of plan assets
Aggregated accumulated benefit obligation					(106,969,000)	(113,955,000)
Aggregated projected benefit obligation					(106,969,000)	(113,955,000)
Aggregated fair value of plan assets					64,621,000	70,424,000
Amounts recognized in accumulated other comprehensive income
Net actuarial (gain) loss					$ (345,000)	$ 21,641,000
Amounts in accumulated other comprehensive income expected to be recognized in components of net periodic pension cost
Net actuarial (gain) loss		$ 27,000
Weighted-average assumptions used to determine benefit obligations
Discount rate (as a percent)					4.10%	3.80%
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate (as a percent)		3.80%	4.73%	4.17%
Weighted average expected long-term return on plan assets (as a percent)		7.81%	7.81%	7.27%
Other Benefits
Components of net periodic benefit (credit):
Service cost		$ 2,000	$ 36,000	$ 195,000
Interest cost		7,000	214,000	870,000
Amortization of net (gain) loss		(2,797,000)	(348,000)	(78,000)
Amortization of prior service credit		(2,888,000)	(1,665,000)
Curtailment gain		(11,867,000)
Settlement (gain) loss		(575,000)
Net periodic benefit (credit)		(18,118,000)	(1,763,000)	987,000
Changes in other comprehensive loss
Net (gain) loss		73,000	561,000
Prior service credit		(1,223,000)
Amortization of net gain		2,797,000	348,000
Amortization of prior service credit		2,888,000	1,665,000
Curtailment		11,867,000
Settlement		575,000
Allocated tax expense (benefit)		(6,620,000)	(1,003,000)
Total recognized in other comprehensive (income) loss		10,357,000	1,571,000
Net periodic benefit cost (credit)		(18,118,000)	(1,763,000)	987,000
Total recognized in net periodic benefit cost (credit) and other comprehensive (income) loss		(7,761,000)	(192,000)
Change in benefit obligation:
Benefit obligation at beginning of period		5,686,000	5,718,000
Service cost		2,000	36,000	195,000
Interest cost		7,000	214,000	870,000
Plan participant's contributions		101,000	419,000
Actuarial (gain) loss		73,000	561,000
Plan amendment		(1,223,000)
Benefits paid		(357,000)	(1,262,000)
Settlement paid		(4,289,000)
Benefit obligation at end of period	5,718,000		5,686,000	5,718,000
Change in plan assets:
Employer contribution		4,545,000	843,000
Plan participant's contributions		101,000	419,000
Benefits paid		(357,000)	(1,262,000)
Settlement		(4,289,000)
Net liability for benefit cost: Funded status						$ (5,686,000)
Amounts recognized in the Balance Sheet:
Accrued expenses and other liabilities						(629,000)
Other long-term liabilities						(5,057,000)
Net liability recognized						(5,686,000)
Aggregate accumulated benefit obligation	$ (5,718,000)	(5,686,000)	$ (5,718,000)	$ (5,718,000)		(5,686,000)
Amounts recognized in accumulated other comprehensive income
Net actuarial (gain) loss					$ 73,000	$ 561,000
Amounts in accumulated other comprehensive income expected to be recognized in components of net periodic pension cost
Net prior service credit		$ (1,223,000)
Weighted-average assumptions used to determine benefit obligations
Discount rate (as a percent)						3.37%
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate (as a percent)		3.37%	4.00%	3.90%

EMPLOYEE BENEFIT PLANS - Cash f

EMPLOYEE BENEFIT PLANS - Cash flows (Details) - Pension Benefits $ in Thousands	Dec. 31, 2015USD ($)
Benefits expected to be paid
2,016	$ 2,790
2,017	3,926
2,018	3,656
2,019	4,238
2,020	4,034
Years 2021-2025	$ 33,228

EMPLOYEE BENEFIT PLANS - Pensio

EMPLOYEE BENEFIT PLANS - Pension plan assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Total Carrying Value
Employee benefit plan disclosures
Fair value of the pension plan assets	$ 64,621	$ 70,424
Quoted prices in active market (Level 1)
Employee benefit plan disclosures
Fair value of the pension plan assets	39,862	42,628
Significant other observable inputs (Level 2)
Employee benefit plan disclosures
Fair value of the pension plan assets	24,759	27,796
Cash and Cash Equivalents | Total Carrying Value
Employee benefit plan disclosures
Fair value of the pension plan assets	289	300
Cash and Cash Equivalents | Quoted prices in active market (Level 1)
Employee benefit plan disclosures
Fair value of the pension plan assets	289	300
U.S. Treasury Securities | Total Carrying Value
Employee benefit plan disclosures
Fair value of the pension plan assets	1,452	1,615
U.S. Treasury Securities | Quoted prices in active market (Level 1)
Employee benefit plan disclosures
Fair value of the pension plan assets	1,452	1,615
Equity Securities - U.S. | Total Carrying Value
Employee benefit plan disclosures
Fair value of the pension plan assets	16,884	18,513
Equity Securities - U.S. | Quoted prices in active market (Level 1)
Employee benefit plan disclosures
Fair value of the pension plan assets	16,884	18,513
Equity Securities - International | Total Carrying Value
Employee benefit plan disclosures
Fair value of the pension plan assets	9,888	10,109
Equity Securities - International | Quoted prices in active market (Level 1)
Employee benefit plan disclosures
Fair value of the pension plan assets	9,888	10,109
Collective trust fund | Total Carrying Value
Employee benefit plan disclosures
Fair value of the pension plan assets	15,771	17,485
Collective trust fund | Significant other observable inputs (Level 2)
Employee benefit plan disclosures
Fair value of the pension plan assets	15,771	17,485
Private Real Estate | Total Carrying Value
Employee benefit plan disclosures
Fair value of the pension plan assets	8,988	10,311
Private Real Estate | Significant other observable inputs (Level 2)
Employee benefit plan disclosures
Fair value of the pension plan assets	8,988	10,311
Bond market fund | Total Carrying Value
Employee benefit plan disclosures
Fair value of the pension plan assets	8,526	9,173
Bond market fund | Quoted prices in active market (Level 1)
Employee benefit plan disclosures
Fair value of the pension plan assets	8,526	9,173
Commodities broad basket fund | Total Carrying Value
Employee benefit plan disclosures
Fair value of the pension plan assets	2,823	2,918
Commodities broad basket fund | Quoted prices in active market (Level 1)
Employee benefit plan disclosures
Fair value of the pension plan assets	$ 2,823	2,918
Pension Benefits
Employee benefit plan disclosures
Target Allocation (as a percent)	100.00%
Fair value of the pension plan assets	$ 64,621	$ 70,424	$ 73,658
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)	25.00%
Pension Benefits | Equity Securities - International
Employee benefit plan disclosures
Target Allocation (as a percent)	15.00%
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 - Define

EMPLOYEE BENEFIT PLANS - Defined contribution plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
EMPLOYEE BENEFIT PLANS
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	$ 3,353,000	$ 2,696,000	$ 2,817,000

EMPLOYEE BENEFIT PLANS - Union

EMPLOYEE BENEFIT PLANS - Union sponsored plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
EMPLOYEE BENEFIT PLANS
Aggregate contributions	$ 72,000	$ 207,000	$ 265,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - Screen vision L L C Member - USD ($)	Mar. 16, 2015	Dec. 31, 2015	Mar. 31, 2015	May. 05, 2014
Commitments and contingencies line items
Total transaction value				$ 375,000,000
Termination fee	$ 26,840,000
Estimated legal and other transaction expense	$ 14,990,000
Ownership percentage			15.05%
Transaction expenses		$ 6,300,000

THEATRE AND OTHER CLOSURE AND76

THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS (Details)	1 Months Ended	12 Months Ended
	May. 31, 2014item	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item	Dec. 31, 2013USD ($)
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS
Aggregate annual base rents under the long-term lease commitments		$ 9,288,000
Base rents under the long-term lease commitments over remaining terms		48,369,000
A roll forward of reserves for theatre and other closure and disposition of assets
Beginning balance		52,835,000	$ 55,163,000	$ 61,344,000
Theatre and other closure expense		5,028,000	9,346,000	5,823,000
Transfer of assets and liabilities			2,439,000	(53,000)
Foreign currency translation adjustment		(2,437,000)	(1,822,000)	(286,000)
Cash payments		(12,453,000)	(12,291,000)	(11,665,000)
Ending balance		$ 42,973,000	$ 52,835,000	$ 55,163,000
Number of screens in theatres | item		15	94
Minimum
A roll forward 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		12 years
A roll forward 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
A roll forward of reserves for theatre and other closure and disposition of assets
Number of theatres closed | item		9
One closed theatre | Canada
A roll forward of reserves for theatre and other closure and disposition of assets
Number of theatres closed | item	1
Number of screens in theatres | item	13

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair value on a recurring basis (Details) - Recurring basis - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Total Carrying Value
Other long-term assets:
Total assets at fair value	$ 19,641	$ 21,108
Total Carrying Value | Money Market Mutual Funds
Other long-term assets:
Money Market Mutual Funds	132	224
Total Carrying Value | Mutual Fund Large U.S. Equity
Other long-term assets:
Equity securities, available-for-sale:	2,057	2,879
Total Carrying Value | Mutual Fund Small/Mid U.S. Equity
Other long-term assets:
Equity securities, available-for-sale:	2,222	1,558
Total Carrying Value | Mutual Fund International
Other long-term assets:
Equity securities, available-for-sale:	833	717
Total Carrying Value | Mutual Fund Balance
Other long-term assets:
Equity securities, available-for-sale:	747	760
Total Carrying Value | Mutual Fund Fixed Income
Other long-term assets:
Equity securities, available-for-sale:	750	541
Total Carrying Value | RealD Inc. | Common Stock
Other long-term assets:
Equity securities, available-for-sale:	12,900	14,429
Quoted prices in active market (Level 1)
Other long-term assets:
Total assets at fair value	19,641	21,108
Quoted prices in active market (Level 1) | Money Market Mutual Funds
Other long-term assets:
Money Market Mutual Funds	132	224
Quoted prices in active market (Level 1) | Mutual Fund Large U.S. Equity
Other long-term assets:
Equity securities, available-for-sale:	2,057	2,879
Quoted prices in active market (Level 1) | Mutual Fund Small/Mid U.S. Equity
Other long-term assets:
Equity securities, available-for-sale:	2,222	1,558
Quoted prices in active market (Level 1) | Mutual Fund International
Other long-term assets:
Equity securities, available-for-sale:	833	717
Quoted prices in active market (Level 1) | Mutual Fund Balance
Other long-term assets:
Equity securities, available-for-sale:	747	760
Quoted prices in active market (Level 1) | Mutual Fund Fixed Income
Other long-term assets:
Equity securities, available-for-sale:	750	541
Quoted prices in active market (Level 1) | RealD Inc. | Common Stock
Other long-term assets:
Equity securities, available-for-sale:	$ 12,900	$ 14,429

FAIR VALUE MEASUREMENTS - Fai78

FAIR VALUE MEASUREMENTS - Fair value on a nonrecurring basis (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Other Fair Value Measurement Disclosures
Current Maturities of Corporate Borrowings	$ 10,195,000	$ 15,873,000
Corporate borrowings	1,924,366,000	1,775,132,000
Nonrecurring basis
Other Fair Value Measurement Disclosures
Property owned, net	863,000	3,149,000
Favorable lease	839,000
Total losses	2,480,000	2,342,000
Significant other observable inputs (Level 2)
Other Fair Value Measurement Disclosures
Current Maturities of Corporate Borrowings	8,811,000	14,390,000
Corporate Borrowings	1,924,837,000	1,765,678,000
Significant unobservable inputs (Level 3)
Other Fair Value Measurement Disclosures
Current Maturities of Corporate Borrowings	1,389,000	1,389,000
Corporate Borrowings	4,166,000	5,555,000
Significant unobservable inputs (Level 3) | Nonrecurring basis
Other Fair Value Measurement Disclosures
Property owned, net	2,480,000	2,342,000
Total Carrying Value | Nonrecurring basis
Other Fair Value Measurement Disclosures
Property owned, net	$ 2,480,000	$ 2,342,000

OPERATING SEGMENT (Details)

OPERATING SEGMENT (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)segment	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
OPERATING SEGMENT
Number of reportable segments | segment	1
OPERATING SEGMENT
Revenues	$ 2,946,900	$ 2,695,390	$ 2,749,428
Total long-term assets	4,697,566	4,364,047
U.S.
OPERATING SEGMENT
Revenues	2,940,011	2,688,230	2,741,717
Total long-term assets	4,697,372	4,363,804
Canada
OPERATING SEGMENT
Revenues	6,889	7,160	$ 7,711
Total long-term assets	$ 194	$ 243

ACCUMULATED OTHER COMPREHENSI80

ACCUMULATED OTHER COMPREHENSIVE INCOME - Change in AOCI by component (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Changes in accumulated other comprehensive income
Balance	$ 1,514,223	$ 1,508,939	$ 768,585
Other comprehensive income (loss)	(10,040)	(11,360)	14,760
Balance	1,539,971	1,514,223	1,508,939
Accumulated Other Comprehensive Income (Loss)
Changes in accumulated other comprehensive income
Balance	12,844	24,204	9,444
Other comprehensive income (loss) before reclassifications	535	(9,997)
Amounts reclassified from accumulated other comprehensive income	(10,575)	(1,363)
Other comprehensive income (loss)	(10,040)	(11,360)	14,760
Balance	2,804	12,844	24,204
Foreign Currency
Changes in accumulated other comprehensive income
Balance	729	(249)
Other comprehensive income (loss) before reclassifications	1,372	978	179
Other comprehensive income (loss)	1,372	978
Balance	2,101	729	(249)
Pension and Other Benefits (recorded in G&A : Other)
Changes in accumulated other comprehensive income
Balance	6,675	22,078
Other comprehensive income (loss) before reclassifications	912	(13,543)
Amounts reclassified from accumulated other comprehensive income	(10,876)	(1,860)
Other comprehensive income (loss)	(9,964)	(15,403)
Balance	(3,289)	6,675	22,078
Unrealized Gains on Marketable Securities (Recorded in Investment income)
Changes in accumulated other comprehensive income
Balance	2,677	81
Other comprehensive income (loss) before reclassifications	(1,056)	2,627	(1,622)
Amounts reclassified from accumulated other comprehensive income	(156)	(31)	925
Other comprehensive income (loss)	(1,212)	2,596
Balance	1,465	2,677	81
Unrealized Gain from Equity Method Investees' Cash Flow Hedge
Changes in accumulated other comprehensive income
Balance	2,763	2,294
Other comprehensive income (loss) before reclassifications	(693)	(59)	2,085
Amounts reclassified from accumulated other comprehensive income	457	528	(510)
Other comprehensive income (loss)	(236)	469
Balance	$ 2,527	$ 2,763	$ 2,294

ACCUMULATED OTHER COMPREHENSI81

ACCUMULATED OTHER COMPREHENSIVE INCOME - Tax effectrs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pre-Tax Amount
Other comprehensive income (loss), before tax	$ (16,458)	$ (18,624)	$ 30,292
Tax (Expense) Benefit
Other comprehensive income (loss), tax	6,418	7,264	(15,532)
Net-of-Tax Amount
Other comprehensive income (loss)	(10,040)	(11,360)	14,760
Foreign Currency
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period	2,250	1,603	179
Tax (Expense) Benefit
Unrealized net holding gain (loss) arising during the period	(878)	(625)
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period	1,372	978	179
Other comprehensive income (loss)	1,372	978
Pension and other benefit adjustments, net gain or loss
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period	272	(22,202)	13,808
Less: reclassification adjustment for net gain (loss) realized in net earnings	(2,752)	(1,382)
Other comprehensive income (loss), before tax			(78)
Tax (Expense) Benefit
Unrealized net holding gain (loss) arising during the period	(106)	8,659	(9,298)
Less: reclassification adjustment for net gain (loss) realized in net earnings	1,073	538
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period	166	(13,543)	4,510
Less: reclassification adjustment for net gain (loss) realized in net earnings	(1,679)	(844)
Other comprehensive income (loss)			(78)
Pension and other benefit adjustments, prior service credit
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period	1,223		15,197
Less: reclassification adjustment for net gain (loss) realized in net earnings	(2,888)	(1,665)
Tax (Expense) Benefit
Unrealized net holding gain (loss) arising during the period	(477)		(5,926)
Less: reclassification adjustment for net gain (loss) realized in net earnings	1,126	649
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period	746		9,271
Less: reclassification adjustment for net gain (loss) realized in net earnings	(1,762)	(1,016)
Pension and other benefit adjustments, curtailment
Pre-Tax Amount
Less: reclassification adjustment for net gain (loss) realized in net earnings	(11,867)
Tax (Expense) Benefit
Less: reclassification adjustment for net gain (loss) realized in net earnings	4,628
Net-of-Tax Amount
Less: reclassification adjustment for net gain (loss) realized in net earnings	(7,239)
Pension and other benefit adjustments, settlement
Pre-Tax Amount
Less: reclassification adjustment for net gain (loss) realized in net earnings	(321)
Tax (Expense) Benefit
Less: reclassification adjustment for net gain (loss) realized in net earnings	125
Net-of-Tax Amount
Less: reclassification adjustment for net gain (loss) realized in net earnings	(196)
Unrealized Gains on Marketable Securities (Recorded in Investment income)
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period	(1,731)	4,305	(2,703)
Less: reclassification adjustment for net gain (loss) realized in net earnings	(256)	(52)	925
Tax (Expense) Benefit
Unrealized net holding gain (loss) arising during the period	675	(1,678)	1,081
Less: reclassification adjustment for net gain (loss) realized in net earnings	100	21
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period	(1,056)	2,627	(1,622)
Less: reclassification adjustment for net gain (loss) realized in net earnings	(156)	(31)	925
Other comprehensive income (loss)	(1,212)	2,596
Unrealized Gain from Equity Method Investees' Cash Flow Hedge
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period	(1,136)	(96)	3,474
Less: reclassification adjustment for net gain (loss) realized in net earnings	748	865	(510)
Tax (Expense) Benefit
Unrealized net holding gain (loss) arising during the period	443	37	(1,389)
Less: reclassification adjustment for net gain (loss) realized in net earnings	(291)	(337)
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period	(693)	(59)	2,085
Less: reclassification adjustment for net gain (loss) realized in net earnings	457	528	$ (510)
Other comprehensive income (loss)	$ (236)	$ 469

CONDENSED CONSOLIDATING FINAN82

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details)	12 Months Ended
	Dec. 31, 2015
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Ownership percentage	100.00%

CONDENSED CONSOLIDATING FINAN83

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Admissions	$ 1,892,037	$ 1,765,388	$ 1,847,327
Food and beverage	910,086	797,735	786,912
Other theatre	144,777	132,267	115,189
Total revenues	2,946,900	2,695,390	2,749,428
Operating costs and expenses
Film exhibition costs	1,021,457	934,246	976,912
Food and beverage costs	128,569	111,991	107,325
Operating expense	795,722	733,338	726,641
Rent	467,822	455,239	451,828
General and administrative:
Merger, acquisition and transaction costs	3,398	1,161	2,883
Other	58,212	64,873	97,288
Depreciation and amortization	232,961	216,321	197,537
Impairment of long-lived assets	1,702	3,149
Operating costs and expenses	2,709,843	2,520,318	2,560,414
Operating income	237,057	175,072	189,014
Other expense (income)
Other expense (income)	10,684	(8,344)	(1,415)
Interest expense:
Corporate borrowings	96,857	111,072	129,963
Capital and financing lease obligations	9,231	9,867	10,264
Equity in earnings of non-consolidated entities	(37,131)	(26,615)	(47,435)
Investment income	(6,115)	(8,145)	(2,084)
Total other expense (income)	73,526	77,835	89,293
Earnings from continuing operations before income taxes	163,531	97,237	99,721
Income tax provision (benefit)	59,675	33,470	(263,383)
Earnings from continuing operations	103,856	63,767	363,104
Gain (loss) from discontinued operations, net of income taxes		313	1,296
Net earnings	103,856	64,080	364,400
Consolidating Adjustments
Other expense (income)
Equity in net (earnings) loss of subsidiaries	92,381	49,496	348,044
Interest expense:
Corporate borrowings	(129,823)	(149,548)	(174,033)
Investment income	129,823	149,548	174,033
Total other expense (income)	92,381	49,496	348,044
Earnings from continuing operations before income taxes	(92,381)	(49,496)	(348,044)
Earnings from continuing operations		(49,496)	(348,044)
Net earnings	(92,381)	(49,496)	(348,044)
AMCE
Operating costs and expenses
Operating expense	75	96	(102)
General and administrative:
Operating costs and expenses	75	96	(102)
Operating income	(75)	(96)	102
Other expense (income)
Equity in net (earnings) loss of subsidiaries	(93,375)	(51,401)	(349,185)
Interest expense:
Corporate borrowings	97,163	110,861	130,363
Equity in earnings of non-consolidated entities			2
Investment income	(107,719)	(123,636)	(145,478)
Total other expense (income)	(103,931)	(64,176)	(364,298)
Earnings from continuing operations before income taxes	103,856	64,080	364,400
Earnings from continuing operations		64,080	364,400
Net earnings	103,856	64,080	364,400
Subsidiary Guarantors
Revenues
Admissions	1,887,584	1,760,781	1,842,977
Food and beverage	908,153	795,789	785,041
Other theatre	144,275	131,931	114,922
Total revenues	2,940,012	2,688,501	2,742,940
Operating costs and expenses
Film exhibition costs	1,019,327	932,108	974,917
Food and beverage costs	128,144	111,532	106,926
Operating expense	791,917	729,282	722,984
Rent	465,830	453,106	449,833
General and administrative:
Merger, acquisition and transaction costs	3,398	1,161	2,883
Other	58,174	64,831	97,259
Depreciation and amortization	232,896	216,258	197,486
Impairment of long-lived assets	1,702	3,149
Operating costs and expenses	2,701,388	2,511,427	2,552,288
Operating income	238,624	177,074	190,652
Other expense (income)
Equity in net (earnings) loss of subsidiaries	994	1,905	1,141
Other expense (income)	10,684	(8,344)	(1,415)
Interest expense:
Corporate borrowings	129,517	149,759	173,633
Capital and financing lease obligations	9,231	9,867	10,264
Equity in earnings of non-consolidated entities	(37,131)	(26,615)	(47,424)
Investment income	(27,721)	(34,056)	(30,373)
Total other expense (income)	85,574	92,516	105,826
Earnings from continuing operations before income taxes	153,050	84,558	84,826
Income tax provision (benefit)	59,675	33,470	(263,383)
Earnings from continuing operations		51,088	348,209
Gain (loss) from discontinued operations, net of income taxes		313	976
Net earnings	93,375	51,401	349,185
Subsidiary Non-Guarantors
Revenues
Admissions	4,453	4,607	4,350
Food and beverage	1,933	1,946	1,871
Other theatre	502	336	267
Total revenues	6,888	6,889	6,488
Operating costs and expenses
Film exhibition costs	2,130	2,138	1,995
Food and beverage costs	425	459	399
Operating expense	3,730	3,960	3,759
Rent	1,992	2,133	1,995
General and administrative:
Other	38	42	29
Depreciation and amortization	65	63	51
Operating costs and expenses	8,380	8,795	8,228
Operating income	(1,492)	(1,906)	(1,740)
Interest expense:
Equity in earnings of non-consolidated entities			(13)
Investment income	(498)	(1)	(266)
Total other expense (income)	(498)	(1)	(279)
Earnings from continuing operations before income taxes	(994)	(1,905)	(1,461)
Earnings from continuing operations		(1,905)	(1,461)
Gain (loss) from discontinued operations, net of income taxes			320
Net earnings	$ (994)	$ (1,905)	$ (1,141)

CONDENSED CONSOLIDATING FINAN84

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net earnings	$ 103,856	$ 64,080	$ 364,400
Unrealized foreign currency translation adjustment, net of tax	1,372	978	179
Pension and other benefit adjustments:
Net loss arising during the period, net of tax	166	(13,543)	4,510
Prior service credit arising during the period, net of tax	746		9,271
Amortization of net (gain) loss reclassified into general and administrative: other, net of tax	(1,679)	(844)	(78)
Amortization of prior service credit reclassified into general and administrative: other, net of tax	(1,762)	(1,016)
Curtailment gain reclassified into general and administrative: other, net of tax	(7,239)
Settlement gain reclassified into general and administrative: other, net of tax	(196)
Marketable securities:
Unrealized net holding gain (loss) arising during the period, net of tax	(1,056)	2,627	(1,622)
Realized net (gain) loss reclassified into investment expense (income), net of tax	(156)	(31)	925
Equity method investees' cash flow hedge:
Unrealized net holding gain (loss) arising during the period, net of tax	(693)	(59)	2,085
Realized net (gain) loss reclassified into equity in earnings of non-consolidated entities, net of tax	457	528	(510)
Other comprehensive income (loss)	(10,040)	(11,360)	14,760
Total comprehensive income	93,816	52,720	379,160
Consolidating Adjustments
Net earnings	(92,381)	(49,496)	(348,044)
Equity in other comprehensive income (loss) of subsidiaries	9,488	10,628	(14,201)
Equity method investees' cash flow hedge:
Other comprehensive income (loss)	9,488	10,628	(14,201)
Total comprehensive income	(82,893)	(38,868)	(362,245)
AMCE
Net earnings	103,856	64,080	364,400
Equity in other comprehensive income (loss) of subsidiaries	(10,040)	(11,360)	14,760
Equity method investees' cash flow hedge:
Other comprehensive income (loss)	(10,040)	(11,360)	14,760
Total comprehensive income	93,816	52,720	379,160
Subsidiary Guarantors
Net earnings	93,375	51,401	349,185
Equity in other comprehensive income (loss) of subsidiaries	552	732	(559)
Unrealized foreign currency translation adjustment, net of tax	820	246	738
Pension and other benefit adjustments:
Net loss arising during the period, net of tax	166	(13,543)	4,510
Prior service credit arising during the period, net of tax	746		9,271
Amortization of net (gain) loss reclassified into general and administrative: other, net of tax	(1,679)	(844)	(78)
Amortization of prior service credit reclassified into general and administrative: other, net of tax	(1,762)	(1,016)
Curtailment gain reclassified into general and administrative: other, net of tax	(7,239)
Settlement gain reclassified into general and administrative: other, net of tax	(196)
Marketable securities:
Unrealized net holding gain (loss) arising during the period, net of tax	(1,056)	2,627	(1,622)
Realized net (gain) loss reclassified into investment expense (income), net of tax	(156)	(31)	925
Equity method investees' cash flow hedge:
Unrealized net holding gain (loss) arising during the period, net of tax	(693)	(59)	2,085
Realized net (gain) loss reclassified into equity in earnings of non-consolidated entities, net of tax	457	528	(510)
Other comprehensive income (loss)	(10,040)	(11,360)	14,760
Total comprehensive income	83,335	40,041	363,945
Subsidiary Non-Guarantors
Net earnings	(994)	(1,905)	(1,141)
Unrealized foreign currency translation adjustment, net of tax	552	732	(559)
Equity method investees' cash flow hedge:
Other comprehensive income (loss)	552	732	(559)
Total comprehensive income	$ (442)	$ (1,173)	$ (1,700)

CONDENSED CONSOLIDATING FINAN85

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Balance Sheets (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current assets:
Cash and equivalents	$ 209,306,000	$ 216,155,000	$ 544,311,000	$ 130,928,000
Receivables, net	105,509,000	99,252,000
Other current assets	97,608,000	84,343,000
Total current assets	412,423,000	399,750,000
Property, net	1,401,928,000	1,247,230,000
Intangible assets, net	237,376,000	225,515,000
Goodwill	2,408,834,000	2,291,943,000	2,291,943,000
Deferred tax asset	125,903,000	181,755,000
Other long-term assets	523,525,000	417,604,000
Total assets	5,109,989,000	4,763,797,000
Current liabilities:
Accounts payable	313,025,000	262,635,000
Accrued expenses and other liabilities	158,664,000	136,262,000
Deferred revenues and income	221,679,000	213,882,000
Current maturities of corporate borrowings and capital and financing lease obligations	18,786,000	23,598,000
Total current liabilities	712,154,000	636,377,000
Corporate borrowings	1,924,366,000	1,775,132,000
Capital and financing lease obligations	93,273,000	101,533,000
Exhibitor services agreement	377,599,000	316,815,000
Other long-term liabilities	462,626,000	419,717,000
Total liabilities	3,570,018,000	3,249,574,000
Total stockholder's equity	1,539,971,000	1,514,223,000	1,508,939,000	768,585,000
Total liabilities and stockholder's equity	5,109,989,000	4,763,797,000
Consolidating Adjustments
Current assets:
Investment in equity of subsidiaries	(1,670,512,000)	(1,643,031,000)
Total assets	(1,670,512,000)	(1,643,031,000)
Current liabilities:
Total stockholder's equity	(1,670,512,000)	(1,643,031,000)
Total liabilities and stockholder's equity	(1,670,512,000)	(1,643,031,000)
AMCE
Current assets:
Cash and equivalents		403,000	485,000	308,000
Receivables, net	(21,000)	(21,000)
Total current assets	(21,000)	382,000
Investment in equity of subsidiaries	1,638,903,000	1,617,873,000
Intercompany advances	1,805,829,000	1,673,001,000
Other long-term assets	31,454,000	13,129,000
Total assets	3,476,165,000	3,304,385,000
Current liabilities:
Accrued expenses and other liabilities	7,188,000	6,102,000
Current maturities of corporate borrowings and capital and financing lease obligations	8,806,000	14,484,000
Total current liabilities	15,994,000	20,586,000
Corporate borrowings	1,920,200,000	1,769,576,000
Total liabilities	1,936,194,000	1,790,162,000
Total stockholder's equity	1,539,971,000	1,514,223,000
Total liabilities and stockholder's equity	3,476,165,000	3,304,385,000
Subsidiary Guarantors
Current assets:
Cash and equivalents	167,023,000	174,117,000	501,989,000	89,168,000
Receivables, net	105,477,000	99,224,000
Other current assets	96,302,000	82,981,000
Total current assets	368,802,000	356,322,000
Investment in equity of subsidiaries	31,609,000	25,158,000
Property, net	1,401,686,000	1,246,945,000
Intangible assets, net	237,376,000	225,515,000
Intercompany advances	(1,811,112,000)	(1,675,584,000)
Goodwill	2,408,834,000	2,291,943,000
Deferred tax asset	125,903,000	181,755,000
Other long-term assets	492,057,000	404,454,000
Total assets	3,255,155,000	3,056,508,000
Current liabilities:
Accounts payable	312,591,000	262,288,000
Accrued expenses and other liabilities	151,619,000	130,213,000
Deferred revenues and income	221,679,000	213,881,000
Current maturities of corporate borrowings and capital and financing lease obligations	9,980,000	9,114,000
Total current liabilities	695,869,000	615,496,000
Corporate borrowings	4,166,000	5,556,000
Capital and financing lease obligations	93,273,000	101,533,000
Exhibitor services agreement	377,599,000	316,815,000
Other long-term liabilities	445,345,000	399,235,000
Total liabilities	1,616,252,000	1,438,635,000
Total stockholder's equity	1,638,903,000	1,617,873,000
Total liabilities and stockholder's equity	3,255,155,000	3,056,508,000
Subsidiary Non-Guarantors
Current assets:
Cash and equivalents	42,283,000	41,635,000	$ 41,837,000	$ 41,452,000
Receivables, net	53,000	49,000
Other current assets	1,306,000	1,362,000
Total current assets	43,642,000	43,046,000
Property, net	242,000	285,000
Intercompany advances	5,283,000	2,583,000
Other long-term assets	14,000	21,000
Total assets	49,181,000	45,935,000
Current liabilities:
Accounts payable	434,000	347,000
Accrued expenses and other liabilities	(143,000)	(53,000)
Deferred revenues and income		1,000
Total current liabilities	291,000	295,000
Other long-term liabilities	17,281,000	20,482,000
Total liabilities	17,572,000	20,777,000
Total stockholder's equity	31,609,000	25,158,000
Total liabilities and stockholder's equity	$ 49,181,000	$ 45,935,000

CONDENSED CONSOLIDATING FINAN86

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Cash Flows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net cash provided by operating activities	$ 467,664,000	$ 297,302,000	$ 357,342,000
Cash flows from investing activities:
Capital expenditures	(333,423,000)	(270,734,000)	(260,823,000)
Proceeds from the disposition of long-term assets	604,000	238,000	3,880,000
Investments in non-consolidated entities	(1,915,000)	(1,522,000)	(3,265,000)
Other, net	(1,849,000)	327,000	(7,448,000)
Net cash used in investing activities	(509,436,000)	(271,691,000)	(268,784,000)
Cash flows from financing activities:
Capital contribution from Holdings			355,580,000
Proceeds from extension and modification of Term Loan due 2022	124,375,000
Payment of initial public offering costs		(281,000)
Borrowings under Revolver Credit Facility	75,000,000
Principal payments under Term Loan	(5,813,000)	(7,750,000)	(7,813,000)
Principal payments under capital and financing lease obligations	(7,840,000)	(6,941,000)	(6,446,000)
Principal payments under promissory note	(1,389,000)	(1,389,000)
Premium amount of coupon payment under Senior Subordinated Notes due 2020	(3,486,000)
Increase in deferred financing costs	(21,252,000)	(7,952,000)	(9,126,000)
Payment of construction payables			(19,404,000)
Cash used to pay dividends to Holdings	(78,608,000)	(58,504,000)	(588,000)
Net cash provided by (used in) financing activities	35,286,000	(353,772,000)	324,928,000
Effect of exchange rate changes on cash and equivalents	(363,000)	5,000	(103,000)
Net increase (decrease) in cash and cash equivalents	(6,849,000)	(328,156,000)	413,383,000
Cash and equivalents at beginning of period	216,155,000	544,311,000	130,928,000
Cash and equivalents at end of period	209,306,000	216,155,000	544,311,000
5.75 % Senior Subordinated Notes due 2025
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes	600,000,000
5.875% Senior Subordinated Notes due 2022
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes		375,000,000
9.75% Senior Subordinated Notes due 2020
Cash flows from financing activities:
Repurchase of Senior Subordinated Notes	(645,701,000)
Premium amount of coupon payment under Senior Subordinated Notes due 2020		(6,227,000)
Senior Secured Credit Facility-Term Loan due 2020
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes			773,063,000
8.75% Senior Notes due 2019
Cash flows from financing activities:
Repurchase of Senior Subordinated Notes		(639,728,000)
Term loans due 2016
Cash flows from financing activities:
Principal payments under Term Loan			(464,088,000)
Term loans due 2018
Cash flows from financing activities:
Principal payments under Term Loan			(296,250,000)
AMCE
Cash flows from operating activities:
Net cash provided by operating activities	15,124,000	13,212,000	3,772,000
Cash flows from financing activities:
Capital contribution from Holdings			355,580,000
Proceeds from extension and modification of Term Loan due 2022	124,375,000
Borrowings under Revolver Credit Facility	75,000,000
Principal payments under Term Loan	(5,813,000)	(7,750,000)	(7,813,000)
Premium amount of coupon payment under Senior Subordinated Notes due 2020	(3,486,000)
Increase in deferred financing costs	(21,252,000)	(7,952,000)	(9,126,000)
Cash used to pay dividends to Holdings	(78,608,000)	(58,504,000)	(588,000)
Change in intercompany advances	(60,042,000)	331,867,000	(354,373,000)
Net cash provided by (used in) financing activities	(15,527,000)	(13,294,000)	(3,595,000)
Net increase (decrease) in cash and cash equivalents	(403,000)	(82,000)	177,000
Cash and equivalents at beginning of period	403,000	485,000	308,000
Cash and equivalents at end of period		403,000	485,000
AMCE | 5.75 % Senior Subordinated Notes due 2025
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes	600,000,000
AMCE | 5.875% Senior Subordinated Notes due 2022
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes		375,000,000
AMCE | 9.75% Senior Subordinated Notes due 2020
Cash flows from financing activities:
Repurchase of Senior Subordinated Notes	(645,701,000)
Premium amount of coupon payment under Senior Subordinated Notes due 2020		(6,227,000)
AMCE | Senior Secured Credit Facility-Term Loan due 2020
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes			773,063,000
AMCE | 8.75% Senior Notes due 2019
Cash flows from financing activities:
Repurchase of Senior Subordinated Notes		(639,728,000)
AMCE | Term loans due 2016
Cash flows from financing activities:
Principal payments under Term Loan			(464,088,000)
AMCE | Term loans due 2018
Cash flows from financing activities:
Principal payments under Term Loan			(296,250,000)
Subsidiary Guarantors
Cash flows from operating activities:
Net cash provided by operating activities	449,121,000	280,990,000	354,520,000
Cash flows from investing activities:
Capital expenditures	(333,395,000)	(270,677,000)	(260,633,000)
Proceeds from the disposition of long-term assets	604,000	238,000	3,880,000
Investments in non-consolidated entities	(1,915,000)	(1,522,000)	(3,280,000)
Other, net	(1,849,000)	327,000	(7,448,000)
Net cash used in investing activities	(509,408,000)	(271,634,000)	(268,609,000)
Cash flows from financing activities:
Payment of initial public offering costs		(281,000)
Principal payments under capital and financing lease obligations	(7,840,000)	(6,941,000)	(6,446,000)
Principal payments under promissory note	(1,389,000)	(1,389,000)
Payment of construction payables			(19,404,000)
Change in intercompany advances	62,742,000	(328,651,000)	352,861,000
Net cash provided by (used in) financing activities	53,513,000	(337,262,000)	327,011,000
Effect of exchange rate changes on cash and equivalents	(320,000)	34,000	(101,000)
Net increase (decrease) in cash and cash equivalents	(7,094,000)	(327,872,000)	412,821,000
Cash and equivalents at beginning of period	174,117,000	501,989,000	89,168,000
Cash and equivalents at end of period	167,023,000	174,117,000	501,989,000
Subsidiary Non-Guarantors
Cash flows from operating activities:
Net cash provided by operating activities	3,419,000	3,100,000	(950,000)
Cash flows from investing activities:
Capital expenditures	(28,000)	(57,000)	(190,000)
Investments in non-consolidated entities			15,000
Net cash used in investing activities	(28,000)	(57,000)	(175,000)
Cash flows from financing activities:
Change in intercompany advances	(2,700,000)	(3,216,000)	1,512,000
Net cash provided by (used in) financing activities	(2,700,000)	(3,216,000)	1,512,000
Effect of exchange rate changes on cash and equivalents	(43,000)	(29,000)	(2,000)
Net increase (decrease) in cash and cash equivalents	648,000	(202,000)	385,000
Cash and equivalents at beginning of period	41,635,000	41,837,000	41,452,000
Cash and equivalents at end of period	42,283,000	$ 41,635,000	41,837,000
Rave
Cash flows from investing activities:
Acquisition			(1,128,000)
Rave | Subsidiary Guarantors
Cash flows from investing activities:
Acquisition			$ (1,128,000)
Starplex Cinemas
Cash flows from investing activities:
Acquisition	(172,853,000)
Starplex Cinemas | Subsidiary Guarantors
Cash flows from investing activities:
Acquisition	$ (172,853,000)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Events - USD ($)	Mar. 03, 2016	Feb. 25, 2016
Carmike
Merger agreement
Purchase price per share (in dollars per share)	$ 30
Purchase price paid in cash	$ 757,000,000
Carmike | Senior Secured Incremental Term Loan
Merger agreement
Aggregate principal amount outstanding	560,000,000
Carmike | Senior Subordinated Bridge Loan
Merger agreement
Aggregate principal amount outstanding	$ 300,000,000
Class A common stock
Dividends declared
Cash dividend declared (in dollars per share)		$ 0.20
Class B common stock
Dividends declared
Cash dividend declared (in dollars per share)		$ 0.20