Quarterly report pursuant to Section 13 or 15(d)

Investment in National CineMedia (Tables)

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Investment in National CineMedia (Tables)
9 Months Ended
Sep. 30, 2014
Summary of Activity with NCM Included in Company's Condensed Consolidated Financial Statements

Below is a summary of activity with NCM included in the Company’s condensed consolidated financial statements:

 

                 Distributions                 Other        
     Investment     Deferred     from     Equity in     Other     Comprehensive     Cash  
     in NCM     Revenue     NCM     Earnings     Revenue     Income     Received  

Balance as of January 1, 2014

   $ 178,853      $ (334,429          

Receipt of common units due to annual common unit adjustment

     8,216        (8,216   $ —        $ —        $ —        $ —        $ —     

Revenues earned under ESA (1)

     —          —          —          —          (6,911     —          6,911   

Receipt of excess cash distributions

     (8,989     —          (10,648     —          —          —          19,637   

Receipt under tax receivable agreement

     (2,385     —          (3,510     —          —          —          5,895   

Equity in earnings

     5,746        —          —          (5,746     —          —          —     

Equity in other comprehensive income

     668        —          —          —          —          (668     —     

Amortization of deferred revenue

     —          5,531        —          —          (5,531     —          —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of and for the period ended September 30, 2014

   $ 182,109      $ (337,114   $ (14,158   $ (5,746   $ (12,442   $ (668   $ 32,443   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1)  Amount includes the per patron and per digital screen theatre access fees due to the Company, net of amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire of approximately $8,478.
Summary Financial Information for NCM

Below is summary financial information for NCM for the three and nine months ended September 25, 2014 and September 26, 2013.

 

     Three Months Ended      Nine Months Ended  
     September 25, 2014      September 26, 2013      September 25, 2014      September 26, 2013  

Gross revenues

   $ 100,738       $ 135,022       $ 270,911       $ 340,051   

Operating income

   $ 42,858       $ 67,309       $ 97,756       $ 146,872   

Net earnings

   $ 26,909       $ 51,794       $ 50,612       $ 98,572