Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.10.0.1
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]  
Rent Expense of Lease Theatre rent expense was as follows:

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2017

 

 

2018

 

Fixed rent expense

 

$

242,927

 

 

$

247,908

 

 

$

248,543

 

Contingent rent and other facility lease expenses

 

 

78,367

 

 

 

80,289

 

 

 

74,773

 

Total facility lease expense

 

$

321,294

 

 

$

328,197

 

 

$

323,316

 

 

Estimated Future Minimum Lease Payments (Net of Noncancelable Sublease Rentals) Under Capital Leases

Future minimum lease payments under noncancelable operating and capital leases at December 31, 2018 are as follows(1):

 

 

 

Operating

 

 

Capital

 

 

 

Leases

 

 

Leases

 

2019

 

$

253,323

 

 

$

42,434

 

2020

 

 

242,336

 

 

 

41,502

 

2021

 

 

230,396

 

 

 

34,589

 

2022

 

 

204,628

 

 

 

32,462

 

2023

 

 

176,802

 

 

 

28,534

 

Thereafter

 

 

677,091

 

 

 

166,375

 

Total

 

$

1,784,576

 

 

 

345,896

 

Amounts representing interest payments

 

 

 

 

 

 

(86,364

)

Present value of future minimum payments

 

 

 

 

 

 

259,532

 

Current portion of capital lease obligations

 

 

 

 

 

 

(27,065

)

Capital lease obligations, less current portion

 

 

 

 

 

$

232,467

 

(1)  Represents amounts before the adoption of ASC Topic 842 – Leases.  See Note 2 for discussion of the expected impact of adoption.

Estimated Future Minimum Lease Payments (Net of Noncancelable Sublease Rentals) Under Operating Leases

Future minimum lease payments under noncancelable operating and capital leases at December 31, 2018 are as follows(1):

 

 

 

Operating

 

 

Capital

 

 

 

Leases

 

 

Leases

 

2019

 

$

253,323

 

 

$

42,434

 

2020

 

 

242,336

 

 

 

41,502

 

2021

 

 

230,396

 

 

 

34,589

 

2022

 

 

204,628

 

 

 

32,462

 

2023

 

 

176,802

 

 

 

28,534

 

Thereafter

 

 

677,091

 

 

 

166,375

 

Total

 

$

1,784,576

 

 

 

345,896

 

Amounts representing interest payments

 

 

 

 

 

 

(86,364

)

Present value of future minimum payments

 

 

 

 

 

 

259,532

 

Current portion of capital lease obligations

 

 

 

 

 

 

(27,065

)

Capital lease obligations, less current portion

 

 

 

 

 

$

232,467

 

(1)  Represents amounts before the adoption of ASC Topic 842 – Leases.  See Note 2 for discussion of the expected impact of adoption.