Impairment of Long-Lived Assets
|6 Months Ended|
Jun. 30, 2021
|Impairment Or Disposal Of Tangible Assets Disclosure [Abstract]|
|Impairment of Long-Lived Assets||
The Company performed a qualitative impairment analysis on its long-lived assets as of March 31, 2021 and June 30, 2021. The Company’s qualitative analyses considered economic and market conditions, industry trading multiples and the impact of recent industry developments and events on the estimated fair values as determined during its most recent quantitative assessments performed as of December 31, 2020. The Company’s consideration of economic and market conditions included the status of the COVID-10 pandemic and its impact on the Company’s recovery as well as future film release schedules. As a result of the qualitative assessment, no impairment of long-lived assets was recorded during the three and six months ended June 30, 2021. The Company will continue to evaluate actual theatre performance, economic and market conditions, industry trading multiples and industry projections during the remainder of 2021 for potential impairment exposure.
The following table is a summary of the impairment recorded as a result of the evaluations performed during the six months ended June 30, 2020:
The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported.
No definition available.