Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)

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GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)
12 Months Ended
Dec. 31, 2012
Summary of goodwill

The Company’s goodwill was as follows:

 

     U.S.
Operating
Segment
     International
Operating
Segment
    Total  

Balance at January 1, 2011 (1)

   $ 948,026       $ 174,945      $ 1,122,971   

Acquisition of ten theatres in Argentina (see Note 5)

     —           43,018        43,018   

Foreign currency translation adjustments

     —           (15,352     (15,352
  

 

 

    

 

 

   

 

 

 

Balance at December 31, 2011 (1)

   $ 948,026       $ 202,611      $ 1,150,637   

Acquisition of U.S. theatre

     8,971         —          8,971   

Foreign currency translation adjustments

     —           (8,797     (8,797
  

 

 

    

 

 

   

 

 

 

Balance at December 31, 2012 (1)

   $ 956,997       $ 193,814      $ 1,150,811   
  

 

 

    

 

 

   

 

 

 

 

(1) 

Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment.

Intangible assets

As of December 31, intangible assets-net, consisted of the following:

 

     January 1,
2011
    Additions  (2)      Amortization     Other (1)     December 31,
2011
 

Intangible assets with finite lives:

           

Gross carrying amount

   $ 64,319      $ 14,835       $ —        $ (4,773   $ 74,381   

Accumulated amortization

     (46,185     —           (4,579     3,451        (47,313
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total net intangible assets with finite lives

     18,134        14,835         (4,579     (1,322     27,068   

Intangible assets with indefinite lives:

           

Tradename

     311,070        —           —          (1,231     309,839   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total intangible assets — net

   $ 329,204      $ 14,835       $ (4,579   $ (2,553   $ 336,907   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

 

     December 31,
2011
    Amortization     Other (1)     December 31,
2012
 

Intangible assets with finite lives:

        

Gross carrying amount

   $ 74,381      $ —        $ (2,460   $ 71,921   

Accumulated amortization

     (47,313     (4,611     570        (51,354
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net intangible assets with finite lives

     27,068        (4,611     (1,890     20,567   

Intangible assets with indefinite lives:

        

Tradename

     309,839        —          335        310,174   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total intangible assets — net

   $ 336,907      $ (4,611   $ (1,555   $ 330,741   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

Activity for 2011 includes the write-off of approximately $549 for a vendor contract in Brazil that was terminated and foreign currency translation adjustments. Activity for 2012 consists of the write off of favorable leases for theatres that were closed and foreign currency translation adjustments.

(2) 

See Note 5.

Estimated aggregate future amortization expense for intangible assets

Estimated aggregate future amortization expense for intangible assets is as follows:

 

For the year ended December 31, 2013

   $ 4,199   

For the year ended December 31, 2014

     3,644   

For the year ended December 31, 2015

     3,351   

For the year ended December 31, 2016

     3,128   

For the year ended December 31, 2017

     2,498   

Thereafter

     3,747   
  

 

 

 

Total

   $ 20,567