Simon Worldwide (SWWI) 10-Q 14 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 08, 2013
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'SWWI	'
Entity Registrant Name	'SIMON WORLDWIDE INC	'
Entity Central Index Key	'0000864264	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	74,501,559

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$1,229	$7,267
Restricted cash	236	36
Prepaid expenses and other current assets	843	105
Total current assets	2,308	7,408
Other assets	296	295
Investment in Three Lions Entertainment, LLC	3,581	'
Total non-current assets	3,877	295
Total assets	6,185	7,703
Current liabilities:	'	'
Accounts payable	817	58
Accrued expenses and other current liabilities	109	49
Total current liabilities	926	107
Stockholders' equity:	'	'
Common stock, $.01 par value; 100,000,000 shares authorized; 50,646,879 shares issued and outstanding net of 4,002,070 treasury shares at par value at September 30, 2013 and 50,611,879 shares issued and outstanding net of 4,002,070 treasury shares at December 31, 2012	506	506
Common stock subscribed, 23,854,680 shares	4,940	'
Subscription receivable	-4,940	'
Additional paid-in capital	152,087	152,083
Accumulated deficit	-147,350	-144,998
Accumulated other comprehensive income	16	5
Total stockholders' equity	5,259	7,596
Total liabilities and stockholders' equity	$6,185	$7,703

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	50,646,879	50,611,879
Common stock, shares outstanding	50,646,879	50,611,879
Common stock, treasury shares	4,002,070	4,002,070
Common stock subscribed, shares	23,854,680	'

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenue	'	'	'	'
General and administrative expenses	245	318	852	1,177
Operating loss	-245	-318	-852	-1,177
Interest income	1	2	2	7
Other income, net	74	9	144	25
Equity in loss of Three Lions Entertainment, LLC	-769	'	-1,649	'
Loss before income taxes	-939	-307	-2,355	-1,145
Income tax benefit (provision)	'	'	3	-4
Net loss	($939)	($307)	($2,352)	($1,149)
Net loss per share - basic and diluted:	'	'	'	'
Loss per common share	($0.02)	($0.01)	($0.05)	($0.02)
Weighted average shares outstanding	50,646,879	50,611,879	50,628,088	50,611,879

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Loss (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net loss	($939)	($307)	($2,352)	($1,149)
Other comprehensive income:	'	'	'	'
Unrealized gain on investments, net of tax of $1, $0, $8, and $0, respectively	2	3	11	4
Other comprehensive income	2	3	11	4
Comprehensive loss	($937)	($304)	($2,341)	($1,145)

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Loss (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Unrealized gain on investments, tax	$1	$0	$8	$0

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net loss	($2,352)	($1,149)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Equity in losses of Three Lions Entertainment, LLC	1,649	'
Increase in restricted cash	-200	'
Change in value of other assets	23	18
Deferred income tax benefit	-8	'
Increase (decrease) in cash from changes in assets and liabilities:	'	'
Prepaid expenses and other current assets	-517	93
Accounts payable	529	-55
Accrued expenses and other current liabilities	60	-12
Net cash used in operating activities	-816	-1,105
Net cash used in investing activities:	'	'
Investment in Three Lions Entertainment, LLC	-5,000	'
Net cash used in investing activities	-5,000	'
Net cash used in financing activities:	'	'
Equity issuance costs	-226	'
Proceeds from stock option exercises	4	'
Net cash used in financing activities	-222	'
Net decrease in cash and cash equivalents	-6,038	-1,105
Cash and cash equivalents, beginning of period	7,267	8,743
Cash and cash equivalents, end of period	1,229	7,638
Supplemental disclosure of cash flow information:	'	'
Income taxes	$3	$3

Background_and_Basis_of_Presen

Background and Basis of Presentation	9 Months Ended
	Sep. 30, 2013
Background and Basis of Presentation	'
	1. Background and Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared by Simon Worldwide, Inc. (the “Company” or “Simon”) pursuant to the rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Accordingly, they do not include all of the information and footnotes in accordance with accounting principles generally accepted in the United States of America for complete financial statements and should be read in conjunction with the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. Certain prior period amounts were reclassified to conform to current period presentation.
	The Company consolidates all entities that it controls by ownership of a majority voting interest as well any variable interest entities (“VIEs”) for which the Company is the primary beneficiary. The Company eliminates from its financial results all intercompany transactions, including the intercompany transactions with any consolidated VIEs.
	In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting only of those considered necessary for fair presentation of the Company’s financial position, results of operations, and cash flows at the dates and for the periods presented.
	Prior to August 2001, the Company was a multi-national, full service promotional marketing company. In August 2001, McDonald’s Corporation (“McDonald’s”), the Company’s principal customer, terminated its 25-year relationship with the Company as a result of the embezzlement by a former Company employee of winning game pieces from McDonald’s promotional games administered by the Company. Other customers also terminated their relationships with the Company, resulting in the Company no longer having a business. By April 2002, the Company had effectively eliminated a majority of its ongoing promotions business operations and was in the process of disposing of its assets and settling its liabilities related to the promotions business and defending and pursuing litigation with respect thereto. As a result of these efforts, the Company has been able to resolve a significant number of outstanding liabilities that existed in August 2001 or arose subsequent to that date.
	The Company is managed by the Chief Executive Officer, Greg Mays, and Chief Financial Officer, Anthony Espiritu, together with an acting general counsel. The Board of Directors has considered various alternative courses of action for the Company, including possibly acquiring or combining with one or more operating businesses. The Board of Directors has reviewed and analyzed a number of proposed transactions. On March 22, 2013, the Company announced in a current report on Form 8-K that it, together with Richard Beckman, Joel Katz and OA3, LLC (“OA3”), had entered into the limited liability company agreement (the “LLC Agreement”) of Three Lions Entertainment, LLC (“Three Lions”) on March 18, 2013. Pursuant to the LLC Agreement, the Company made an initial capital contribution of $3.15 million with respect to membership units currently representing 60% of the interest in the economic returns of Three Lions, a variable interest entity, including certain preferences with respect to common holders on operating returns and on a liquidation or sale of Three Lions. The Company made a second capital contribution to Three Lions in the amount of $1.85 million on April 26, 2013. The Company made a third and final capital contribution to Three Lions of $3.5 million on October 2, 2013. The Company cannot predict whether its investment in Three Lions will be successful. The business and operations of Three Lions are managed and directed by a five person Executive Board, three of whom the Company has the power to designate. The Executive Board governs under majority vote, subject to certain major decisions that require the unanimous approval of either the members of Three Lions or its Executive Board (“Special Approval”).
	The operating results for the three and nine months ended September 30, 2013, are not necessarily indicative of the results to be expected for the full year.
	CONSOLIDATION OF VARIABLE INTEREST ENTITIES
	Under certain criteria as provided for in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 810, “Consolidation,” the Company may consolidate a partially-owned affiliate. To determine whether to consolidate a partially-owned affiliate, the Company first determines if the entity is a variable interest entity (VIE). An entity is considered to be a VIE if it has one of the following characteristics: 1) the entity is thinly capitalized; 2) residual equity holders do not control the entity; 3) equity holders are shielded from economic losses or do not participate fully in the entity’s residual economics; or 4) the entity was established with non-substantive voting. If the entity meets one of these characteristics, the Company then determines if it is the primary beneficiary of the VIE. The party with the power to direct activities of the VIE that most significantly impact the VIE’s economic performance and the potential to absorb benefits or losses that could be significant to the VIE is considered the primary beneficiary and consolidates the VIE.
	RECENTLY ISSUED ACCOUNTING STANDARDS
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting reclassifications out of accumulated other comprehensive income. ASU 2013-02 does not change the current requirements for reporting net income or other comprehensive income in financial statements. Instead, the new amendments require an organization to: 1) Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income — but only if the item reclassified is required under U.S. generally accepted accounting principles (U.S. GAAP) to be reclassified to net income in its entirety in the same reporting period; and 2) Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet instead of directly to income or expenses.
	ASU No. 2013-02 was effective for the Company beginning January 1, 2013, and its adoption did not have a material effect on the Company’s consolidated statements of financial position or results of operations.
	In July 2013, the FASB issued ASU No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. ASU 2013-11 provides explicit guidance on presentation in financial statements. The amendment is effective for reporting periods beginning after December 15, 2013. The Company does not expect adoption of this ASU to significantly impact its consolidated financial statements.
	Since August 2001, the Company has concentrated its efforts on reducing its costs and settling numerous claims, contractual obligations, and pending litigation. By April 2002, the Company had effectively eliminated a majority of its ongoing promotions business operations and was in the process of disposing of its assets and settling its liabilities related to the promotions business and defending and pursuing litigation with respect thereto. In essence, the Company discontinued its promotions business and changed the nature of its operation to focus on its pending litigation and winding down its contracted obligations. As a result of these efforts, the Company has been able to resolve a significant number of outstanding liabilities that existed in August 2001 or arose subsequent to that date. As of both September 30, 2013 and December 31, 2012, the Company had 4 employees.
	Three Lions intends to pursue the development, production, distribution and other exploitation of shows and events that are broadcast on television and other means of communications. These shows and events initially include branded awards shows that will be created to be aired on television. The Company cannot predict whether such course of action will be successful.
	The Company closely monitors and controls its expenditures within a reasonably predictable range. Cash used in operating activities was $1.5 million and $1.9 million for the years ended December 31, 2012 and 2011, respectively. The Company incurred losses in 2012 and continues to incur losses in 2013 for the general and administrative expenses incurred to manage the affairs of the Company. By utilizing cash available at September 30, 2013 to maintain its scaled back operations, management believes it has sufficient capital resources and liquidity to operate the Company for at least one year.

Variable_Interest_Entity_VIE

Variable Interest Entity ("VIE")	9 Months Ended
	Sep. 30, 2013
Variable Interest Entity ("VIE")	'
	2. Variable Interest Entity (“VIE”)
	VIEs are defined as entities in which equity investors (i) do not have the characteristics of a controlling financial interest, and/or (ii) do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. The entity that consolidates a VIE is known as its primary beneficiary, and is generally the entity with (i) the power to direct the activities that most significantly impact the VIE’s economic performance, and (ii) the right to receive benefits from the VIE or the obligation to absorb losses of the VIE that could be significant to the VIE.
	Three Lions meets the definition of a variable interest entity as the total equity investment at risk in Three Lions is not sufficient to permit Three Lions to finance its activities without further subordinated financial support by any parties, including the equity holders. Management determined both at the date of the Company’s initial contribution and its second contribution that the entity was a variable interest entity primarily based on the current equity investment at risk in Three Lions totaling $5.3 million, which consists of two contributions by the Company of $3.1 million on March 18, 2013 and $1.9 million on April 26, 2013 and founder contributions of $.3 million, compared to capital in excess of that amount deemed necessary to develop and produce content, market and air the first revenue-generating event in 2014. Additional capital contributions were required to be made by the Company (or OA3) and the founders of Three Lions by October 4, 2013. The Company made its third and final contribution to Three Lions of $3.5 million on October 2, 2013. In total, the Company’s contributions total $8.5 million and the founders’ contributions total $.5 million. As the Company did not have sufficient cash on hand to make the final contribution, the Company raised capital through an offering of its common stock to its shareholders which was funded on October 1, 2013.
	The Company’s equity interest in Three Lions represents a variable interest in a VIE. Due to certain requirements under the LLC Agreement of Three Lions, the Company, through its voting rights associated with its LLC units, does not have the sole power to direct the activities of Three Lions that most significantly impact Three Lion’s economic performance and the obligation to absorb losses of Three Lions that could potentially be significant to Three Lions or the right to receive benefits from Three Lions that could potentially be significant to Three Lions. Specifically, the Company shares power with the founders who control the common units of Three Lions to approve budgets and business plans and make key business decisions all of which require unanimous consent from all the executive board members (e.g., three members under Simon’s control and the two founders). As a result, the Company is not the primary beneficiary of Three Lions and thus does not consolidate it. However, the Company has significant influence over Three Lions and therefore, accounts for its ownership interest in Three Lions under the equity method of accounting.
	Through September 30, 2013, the Company’s total contributions of $5.0 million are reduced by Simon’s absorption of its share of Three Lions’ operating losses from the period March 18 to September 30, 2013, which brings the carrying value of its Three Lions investment to $3.6 million including transaction costs. Also, the Company caused to be issued a cash collateralized bank letter of credit on April 12, 2013 in the amount of $.2 million and with an expiration date of April 15, 2014, to guarantee payments on an office lease obtained by Three Lions. The Company’s investment, and guarantee, related to Three Lions totaled $5.2 million at September 30, 2013, representing the Company’s maximum exposures to loss.
	A summary of the assets and liabilities as of September 30, 2013 and operating results for the six months and 13 days then ended (since March 18, 2013, the date of the LLC Agreement), related to Three Lions are as follows (in thousands):
	Current assets:
	Cash and cash equivalents	$	2,037
	Prepaid expenses and other current assets		47
	Total current assets		2,084
	Non-current assets		786
	Total assets		2,870
	Accounts payable and other current liabilities		384
	Total liabilities		384
	Net assets	$	2,486
	Revenue	$	—
	General and administrative expenses		2,810
	Operating loss		(2,810	)
	Net loss	$	(2,810	)
	Creditors of Three Lions do not have recourse against the general credit of the Company, regardless of whether Three Lions is accounted for as a consolidated entity.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share	'
	3. Earnings Per Share
	The Company calculates its earnings per share in accordance with ASC 260-10, “Earnings Per Share.” There were 50,646,879 and 50,628,088 weighted average shares outstanding for the three and nine months ended September 30, 2013, respectively, and 50,611,879 weighted average shares outstanding for the three and nine months ended September 30, 2012. In addition, there were 0 and 30,311 weighted average shares related to stock options exercisable for the three months and nine months ended September 30, 2013 that were not included in the computation of diluted earnings per share because to do so would have been antidilutive as the Company had a net loss. All such stock options either were exercised or expired during the three months ended June 30, 2013. The effect of the stock options exercised is included in the calculation of weighted average shares outstanding for the nine months ended September 30, 2013. There were 55,000 weighted average shares related to stock options exercisable for the three and nine months ended September 30, 2012, that were not included in the computation of diluted earnings per share because to do so would have been antidilutive as the Company had a net loss.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2013
Income Taxes	'
	4. Income Taxes
	The Company had a provision (benefit) for income taxes for the nine months ended September 30, 2013 and 2012 that consisted of the following (in thousands):
		9/30/13			9/30/13
	Current:
	Foreign	$	—		$	—
	Federal		—			—
	State		5			4
	Total		5			4
	Deferred:
	Foreign		—			—
	Federal		(7	)		—
	State		(1	)		—
	Total		(8	)		—
	Total:
	Foreign		—			—
	Federal		(7	)		—
	State		4			4
	Total	$	(3	)	$	4
	The Company annually evaluates the positive and negative evidence bearing upon the realizability of its deferred tax assets. The Company, however, has considered results of current operations and concluded that it is more likely than not that the deferred tax assets will not be realizable. As a result, the Company has determined that a valuation allowance of $32.4 million and $31.4 million is required at September 30, 2013 and December 31, 2012, respectively. The valuation allowance increased primarily due to an increase in deferred tax assets arising from current year’s net operating losses. The tax effects of temporary differences that gave rise to deferred tax assets as of September 30, 2013, and December 31, 2012, were as follows (in thousands):
		September 30,			December 31,
		2013			2012
	Deferred tax assets:
	Net operating losses	$	29,740		$	28,824
	Capital losses		4,153			3,907
	Other asset reserves		93			268
	Accrued expenses		23			19
	Total deferred tax assets		34,009			33,018
	Valuation allowance		(32,354	)		(31,432	)
			1,655			1,586
	Deferred tax liabilities:
	State deferreds		(1,655	)		(1,586	)
	Total deferred tax liabilities		(1,655	)		(1,586	)
	Net deferred taxes	$	—		$	—
	As of December 31, 2012, the Company had federal NOLs of approximately $75.7 million that will expire from 2021 through 2032. The Company had post-apportionment state NOLs of approximately $44.6 million that will expire from 2013 through 2032. The Company also has pre-apportionment NOLs from New York State and New York City totaling $106.7 million at December 31, 2012. Since the Company has no revenue-generating operations, the apportionment factor is zero and thus no deferred tax asset is recognized. The NOLs from New York State and New York City carry forward for 20 years (expiring between 2020 and 2032). If the Company were to commence operations in New York State or New York City in future years, the apportionment factor would exceed zero resulting in deferred tax assets for which realization would be assessed.
	The Company completed a review of any potential limitation on the use of its net operating losses under Section 382 of the Internal Revenue Code on August 9, 2008, and an update to this review on June 7, 2013. Based on such reviews, the Company does not believe Section 382 of the Internal Revenue Code will adversely impact its ability to use its current net operating losses to offset future taxable income, if any, including any income from Three Lions.
	The following is a reconciliation of the statutory federal income tax rate to the actual effective income tax rate:
		September 30,
		2013			2012
	Federal tax (benefit) rate		(34.0	)%		(34.0	)%
	Increase (decrease) in taxes resulting from:
	State income taxes		(5.8	)		(5.8	)
	Change in valuation allowance		39.4			39.2
	Permanent differences		0.4			0.6
	Other		0.2			0.3
			0.2	%		0.3	%

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2013
Related Party Transactions	'
	5. Related Party Transactions
	In April 2012, the Company began providing limited accounting and administrative services to another company controlled by an affiliate of the Company’s largest shareholder. The Company also began providing accounting services to Three Lions in May 2013. The Company earned $74,000 and $144,000, for the three and nine months ended September 30, 2013, and $9,000 and $25,000 for the three and nine months ended September 30, 2012, related to the services provided. The arrangements entail providing these services through an undetermined end date, including payments totaling approximately $74,000 for the fourth quarter. The Company does not consider these arrangements to be part of its recurring operations.

Subsequent_Event

Subsequent Event	9 Months Ended
	Sep. 30, 2013
Subsequent Event	'
	6. Subsequent Event
	On October 1, 2013, the Company received from the subscription agent for its rights offering the remaining $4.9 million related to the completion of its rights offering and issued 23,854,680 shares of common stock in exchange for the aggregate proceeds received in the rights offering. In connection with this cash received on October 1, 2013, the Company recorded on September, 30, 2013, common stock subscribed totaling $4.9 million and an offsetting subscription receivable of the same amount in the equity section of the balance sheet.
	On October 2, 2013, the Company made its third and final capital contribution to Three Lions in the amount of $3.5 million which brought the total cash contributions for its investment in Three Lions to $8.5 million. The $3.5 million contribution to Three Lions was made from the $4.9 million received on October 1, 2013 from the Company’s subscription agent for its rights offering, as noted above. This event had no effect on the Company’s consolidated statements of financial position or results of operations as of and for the period ended September 30, 2013.

Background_and_Basis_of_Presen1

Background and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2013
Consolidation of Variable Interest Entities	'
	CONSOLIDATION OF VARIABLE INTEREST ENTITIES
	Under certain criteria as provided for in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 810, “Consolidation,” the Company may consolidate a partially-owned affiliate. To determine whether to consolidate a partially-owned affiliate, the Company first determines if the entity is a variable interest entity (VIE). An entity is considered to be a VIE if it has one of the following characteristics: 1) the entity is thinly capitalized; 2) residual equity holders do not control the entity; 3) equity holders are shielded from economic losses or do not participate fully in the entity’s residual economics; or 4) the entity was established with non-substantive voting. If the entity meets one of these characteristics, the Company then determines if it is the primary beneficiary of the VIE. The party with the power to direct activities of the VIE that most significantly impact the VIE’s economic performance and the potential to absorb benefits or losses that could be significant to the VIE is considered the primary beneficiary and consolidates the VIE.
Recently Issued Accounting Standards	'
	RECENTLY ISSUED ACCOUNTING STANDARDS
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting reclassifications out of accumulated other comprehensive income. ASU 2013-02 does not change the current requirements for reporting net income or other comprehensive income in financial statements. Instead, the new amendments require an organization to: 1) Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income — but only if the item reclassified is required under U.S. generally accepted accounting principles (U.S. GAAP) to be reclassified to net income in its entirety in the same reporting period; and 2) Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet instead of directly to income or expenses.
	ASU No. 2013-02 was effective for the Company beginning January 1, 2013, and its adoption did not have a material effect on the Company’s consolidated statements of financial position or results of operations.
	In July 2013, the FASB issued ASU No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. ASU 2013-11 provides explicit guidance on presentation in financial statements. The amendment is effective for reporting periods beginning after December 15, 2013. The Company does not expect adoption of this ASU to significantly impact its consolidated financial statements.
Earnings Per Share	'
	The Company calculates its earnings per share in accordance with ASC 260-10, “Earnings Per Share.” There were 50,646,879 and 50,628,088 weighted average shares outstanding for the three and nine months ended September 30, 2013, respectively, and 50,611,879 weighted average shares outstanding for the three and nine months ended September 30, 2012. In addition, there were 0 and 30,311 weighted average shares related to stock options exercisable for the three months and nine months ended September 30, 2013 that were not included in the computation of diluted earnings per share because to do so would have been antidilutive as the Company had a net loss. All such stock options either were exercised or expired during the three months ended June 30, 2013. The effect of the stock options exercised is included in the calculation of weighted average shares outstanding for the nine months ended September 30, 2013. There were 55,000 weighted average shares related to stock options exercisable for the three and nine months ended September 30, 2012, that were not included in the computation of diluted earnings per share because to do so would have been antidilutive as the Company had a net loss.

Variable_Interest_Entity_VIE_T

Variable Interest Entity ("VIE") (Tables)	9 Months Ended
	Sep. 30, 2013
Summary of Assets and Liabilities and Operating Results related to Three Lions	'
	A summary of the assets and liabilities as of September 30, 2013 and operating results for the six months and 13 days then ended (since March 18, 2013, the date of the LLC Agreement), related to Three Lions are as follows (in thousands):
	Current assets:
	Cash and cash equivalents	$	2,037
	Prepaid expenses and other current assets		47
	Total current assets		2,084
	Non-current assets		786
	Total assets		2,870
	Accounts payable and other current liabilities		384
	Total liabilities		384
	Net assets	$	2,486
	Revenue	$	—
	General and administrative expenses		2,810
	Operating loss		(2,810	)
	Net loss	$	(2,810	)

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2013
Provision (Benefit) for Income Taxes	'
	The Company had a provision (benefit) for income taxes for the nine months ended September 30, 2013 and 2012 that consisted of the following (in thousands):
		9/30/13			9/30/13
	Current:
	Foreign	$	—		$	—
	Federal		—			—
	State		5			4
	Total		5			4
	Deferred:
	Foreign		—			—
	Federal		(7	)		—
	State		(1	)		—
	Total		(8	)		—
	Total:
	Foreign		—			—
	Federal		(7	)		—
	State		4			4
	Total	$	(3	)	$	4
Net Deferred Tax Assets	'
	The tax effects of temporary differences that gave rise to deferred tax assets as of September 30, 2013, and December 31, 2012, were as follows (in thousands):
		September 30,			December 31,
		2013			2012
	Deferred tax assets:
	Net operating losses	$	29,740		$	28,824
	Capital losses		4,153			3,907
	Other asset reserves		93			268
	Accrued expenses		23			19
	Total deferred tax assets		34,009			33,018
	Valuation allowance		(32,354	)		(31,432	)
			1,655			1,586
	Deferred tax liabilities:
	State deferreds		(1,655	)		(1,586	)
	Total deferred tax liabilities		(1,655	)		(1,586	)
	Net deferred taxes	$	—		$	—
Reconciliation of Statutory Federal Income Tax Rate to Actual Effective Tax Rate	'
	The following is a reconciliation of the statutory federal income tax rate to the actual effective income tax rate:
		September 30,
		2013			2012
	Federal tax (benefit) rate		(34.0	)%		(34.0	)%
	Increase (decrease) in taxes resulting from:
	State income taxes		(5.8	)		(5.8	)
	Change in valuation allowance		39.4			39.2
	Permanent differences		0.4			0.6
	Other		0.2			0.3
			0.2	%		0.3	%

Background_and_Basis_of_Presen2

Background and Basis of Presentation - Additional Information (Detail) (USD $)	1 Months Ended	9 Months Ended		12 Months Ended				1 Months Ended
	Mar. 22, 2013	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Dec. 31, 2011	Apr. 26, 2013	Oct. 02, 2013	Aug. 31, 2001
		Employee		Employee			Subsequent event	McDonald's Corporation
Organization and Nature of Operations [Line Items]	'	'	'	'	'	'	'	'
Terminated relationship period with customers	'	'	'	'	'	'	'	'25 years
Capital contribution made by company	$3,150,000	$5,000,000	'	'	'	$1,850,000	$3,500,000	'
Capital contribution made by company, percentage of voting power	60.00%	'	'	'	'	'	'	'
Interest in economic returns, percentage	60.00%	'	'	'	'	'	'	'
Number of employees	'	4	'	4	'	'	'	'
Net cash used in operating activities	'	($816,000)	($1,105,000)	($1,500,000)	($1,900,000)	'	'	'
Minimum period to operate company on basis of sufficient capital resources and liquidity	'	'1 year	'	'	'	'	'	'

Variable_Interest_Entity_VIE_A

Variable Interest Entity ("VIE") - Additional Information (Detail) (USD $)	1 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Apr. 12, 2013	Sep. 30, 2013	Apr. 26, 2013	Mar. 22, 2013	Mar. 18, 2013	Oct. 02, 2013
						Subsequent event
Variable Interest Entity [Line Items]	'	'	'	'	'	'
Equity investment at risk	'	$5.30	$1.90	'	$3.10	$3.50
Capital contribution made by non controlling interest	'	0.3	'	'	'	'
Maximum capital contributions amount by company	'	8.5	'	'	'	'
Maximum capital contributions amount by minority interest	'	0.5	'	'	'	'
Capital contribution made by company	'	5	1.85	3.15	'	3.5
Carrying value of investment	'	3.6	'	'	'	'
Investment	'	5.2	'	'	'	'
Cash collateral letter of credit issued	$0.20	'	'	'	'	'
Letter of credit expiration date	15-Apr-14	'	'	'	'	'

Summary_of_Assets_and_Liabilit

Summary of Assets and Liabilities and Operating Results related to Three Lions (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Dec. 31, 2011
Current assets:	'	'	'	'	'	'
Cash and cash equivalents	$1,229	$7,638	$1,229	$7,638	$7,267	$8,743
Prepaid expenses and other current assets	843	'	843	'	105	'
Total current assets	2,308	'	2,308	'	7,408	'
Non-current assets	296	'	296	'	295	'
Total assets	6,185	'	6,185	'	7,703	'
Revenue	'	'	'	'	'	'
General and administrative expenses	245	318	852	1,177	'	'
Operating loss	-245	-318	-852	-1,177	'	'
Three Lions Entertainment, LLC ("Three Lions")	'	'	'	'	'	'
Current assets:	'	'	'	'	'	'
Cash and cash equivalents	2,037	'	2,037	'	'	'
Prepaid expenses and other current assets	47	'	47	'	'	'
Total current assets	2,084	'	2,084	'	'	'
Non-current assets	786	'	786	'	'	'
Total assets	2,870	'	2,870	'	'	'
Accounts payable and other current liabilities	384	'	384	'	'	'
Total liabilities	384	'	384	'	'	'
Net assets	2,486	'	2,486	'	'	'
Revenue	'	'	'	'	'	'
General and administrative expenses	'	'	2,810	'	'	'
Operating loss	'	'	-2,810	'	'	'
Net loss	'	'	($2,810)	'	'	'

Earnings_Per_Share_Additional_

Earnings Per Share - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Computation Of Earnings Per Share Line Items	'	'	'	'
Weighted average shares outstanding on a basic and diluted basis	50,646,879	50,611,879	50,628,088	50,611,879
Weighted average shares related to stock options	0	55,000	30,311	55,000

Provision_Benefit_for_Income_T

Provision (Benefit) for Income Taxes (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Current:	'	'
Foreign	'	'
Federal	'	'
State	5	4
Total	5	4
Deferred:	'	'
Foreign	'	'
Federal	-7	'
State	-1	'
Total	-8	'
Total:	'	'
Foreign	'	'
Federal	-7	'
State	4	4
Total	($3)	$4

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012
			Federal	Post-apportionment state	Pre-apportionment state
					New York
Schedule Of Income Taxes [Line Items]	'	'	'	'	'
Valuation allowance	$32,354,000	$31,432,000	'	'	'
Federal net operating loss carry forwards	'	75,700,000	'	'	'
NOLs carry forward lower range	'	'	'2021	'2013	'2020
NOLs carry forward upper range	'	'	'2032	'2032	'2032
State and local net operating loss	'	44,600,000	'	'	'
Deferred tax assets tax credit carry forwards	'	106,700,000	'	'	'
Deferred tax asset recognized	'	$0	'	'	'
Deferred tax assets net operating loss carry forwards, expiration period	'	'20 years	'	'	'

Net_Deferred_Tax_Assets_Detail

Net Deferred Tax Assets (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Deferred tax assets:	'	'
Net operating losses	$29,740	$28,824
Capital losses	4,153	3,907
Other asset reserves	93	268
Deferred compensation	23	19
Total deferred tax assets	34,009	33,018
Valuation allowance	-32,354	-31,432
Deferred tax assets, net	1,655	1,586
Deferred tax liabilities:	'	'
State deferreds	-1,655	-1,586
Total deferred tax liabilities	-1,655	-1,586
Net deferred taxes	'	'

Reconciliation_of_Statutory_Fe

Reconciliation of Statutory Federal Income Tax Rate to Actual Effective Tax Rate (Detail)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Federal income tax rate to the actual effective income tax rate for continuing operations	'	'
Federal tax (benefit) rate	-34.00%	-34.00%
Increase (decrease) in taxes resulting from:	'	'
State income taxes	-5.80%	-5.80%
Change in valuation allowance	39.40%	39.20%
Permanent differences	0.40%	0.60%
Other	0.20%	0.30%
Effective income tax rate, continuing operations	0.20%	0.30%

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended		3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2013
					Forecast
Related Party Transaction [Line Items]	'	'	'	'	'
Non-recurring other income	$74,000	$9,000	$144,000	$25,000	$74,000

Subsequent_Event_Additional_In

Subsequent Event - Additional Information (Detail) (USD $)	9 Months Ended			1 Months Ended
	Sep. 30, 2013	Apr. 26, 2013	Mar. 22, 2013	Oct. 31, 2013	Oct. 02, 2013
				Subsequent event	Subsequent event
Subsequent Event [Line Items]	'	'	'	'	'
Proceeds from issuance of common stock	'	'	'	$4,900,000	'
Common stock shares issued	'	'	'	23,854,680	'
Common stock subscribed	4,940,000	'	'	'	'
Subscription receivable	4,940,000	'	'	'	'
Capital contribution made by company	5,000,000	1,850,000	3,150,000	'	3,500,000
Maximum capital contributions amount by company	$8,500,000	'	'	'	'