Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2011
|
Income Taxes [Abstract] |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2009 |
|
|
2010 |
|
|
2011 |
|
Income before income taxes:
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S.
|
|
$ |
98,908 |
|
|
$ |
124,335 |
|
|
$ |
114,692 |
|
Foreign
|
|
|
46,693 |
|
|
|
83,166 |
|
|
|
90,940 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
145,601 |
|
|
$ |
207,501 |
|
|
$ |
205,632 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current:
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
$ |
35,303 |
|
|
$ |
35,172 |
|
|
$ |
17,070 |
|
Foreign
|
|
|
13,706 |
|
|
|
21,933 |
|
|
|
26,830 |
|
State
|
|
|
8,450 |
|
|
|
9,336 |
|
|
|
7,099 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current expense
|
|
|
57,459 |
|
|
|
66,441 |
|
|
|
50,999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred:
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
|
(9,527 |
) |
|
|
(143 |
) |
|
|
22,100 |
|
Foreign
|
|
|
(2,405 |
) |
|
|
(7,188 |
) |
|
|
(2,332 |
) |
State
|
|
|
(682 |
) |
|
|
(1,272 |
) |
|
|
2,283 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total deferred taxes
|
|
|
(12,614 |
) |
|
|
(8,603 |
) |
|
|
22,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes
|
|
$ |
44,845 |
|
|
$ |
57,838 |
|
|
$ |
73,050 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation between income tax expense and taxes computed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2009 |
|
|
2010 |
|
|
2011 |
|
Computed normal tax expense
|
|
$ |
50,960 |
|
|
$ |
72,625 |
|
|
$ |
71,972 |
|
Foreign inflation adjustments
|
|
|
1,614 |
|
|
|
47 |
|
|
|
(1,587 |
) |
State and local income taxes, net of federal income tax impact
|
|
|
5,215 |
|
|
|
5,195 |
|
|
|
7,310 |
|
Foreign losses not benefited and other changes in valuation allowance
|
|
|
(552 |
) |
|
|
(5,685 |
) |
|
|
(676 |
) |
Foreign tax rate differential
|
|
|
(1,464 |
) |
|
|
(4,798 |
) |
|
|
(3,321 |
) |
Foreign dividends
|
|
|
2,141 |
|
|
|
3,952 |
|
|
|
4,173 |
|
Capital loss benefit
|
|
|
(12,913 |
) |
|
|
— |
|
|
|
— |
|
Changes in uncertain tax positions
|
|
|
6,957 |
|
|
|
(8,080 |
) |
|
|
396 |
|
True up to deferred tax items
|
|
|
(6,453 |
) |
|
|
— |
|
|
|
— |
|
Other — net
|
|
|
(660 |
) |
|
|
(5,418 |
) |
|
|
(5,217 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes
|
|
$ |
44,845 |
|
|
$ |
57,838 |
|
|
$ |
73,050 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax effects of significant temporary differences and tax loss and tax credit carryforwards |
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2010 |
|
|
2011 |
|
Deferred liabilities:
|
|
|
|
|
|
|
|
|
Theatre properties and equipment
|
|
$ |
101,162 |
|
|
$ |
92,466 |
|
Deferred intercompany sales
|
|
|
12,905 |
|
|
|
12,051 |
|
Intangible asset — other
|
|
|
23,872 |
|
|
|
24,749 |
|
Intangible asset — tradenames
|
|
|
112,720 |
|
|
|
116,333 |
|
Investment in partnerships
|
|
|
56,732 |
|
|
|
98,742 |
|
|
|
|
|
|
|
|
|
|
Total deferred liabilities
|
|
|
307,391 |
|
|
|
344,341 |
|
|
|
|
|
|
|
|
|
|
Deferred assets:
|
|
|
|
|
|
|
|
|
Deferred lease expenses
|
|
|
21,333 |
|
|
|
23,225 |
|
Theatre properties and equipment
|
|
|
14,152 |
|
|
|
5,910 |
|
Deferred revenue — NCM and Fandango
|
|
|
84,206 |
|
|
|
88,616 |
|
Capital lease obligations
|
|
|
51,294 |
|
|
|
51,211 |
|
Interest rate swap agreements
|
|
|
(606 |
) |
|
|
5,882 |
|
Tax loss carryforwards
|
|
|
8,847 |
|
|
|
10,602 |
|
Alternative minimum tax and other credit carryforwards
|
|
|
9,076 |
|
|
|
7,548 |
|
Other expenses, not currently deductible for tax purposes
|
|
|
13,320 |
|
|
|
23,750 |
|
|
|
|
|
|
|
|
|
|
Total deferred assets
|
|
|
201,622 |
|
|
|
216,744 |
|
|
|
|
|
|
|
|
|
|
Net deferred income tax liability before valuation allowance
|
|
|
105,769 |
|
|
|
127,597 |
|
Valuation allowance against deferred assets
|
|
|
15,425 |
|
|
|
15,443 |
|
|
|
|
|
|
|
|
|
|
Net deferred income tax liability
|
|
$ |
121,194 |
|
|
$ |
143,040 |
|
|
|
|
|
|
|
|
|
|
Net deferred tax liability — Foreign
|
|
$ |
6,807 |
|
|
$ |
10,757 |
|
Net deferred tax liability — U.S.
|
|
|
114,387 |
|
|
|
132,283 |
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
121,194 |
|
|
$ |
143,040 |
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of total amounts of unrecognized tax benefits excluding interest and penalties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2009 |
|
|
2010 |
|
|
2011 |
|
Balance at January 1,
|
|
$ |
13,976 |
|
|
$ |
23,857 |
|
|
$ |
15,197 |
|
Gross increases-tax positions in prior periods
|
|
|
2,274 |
|
|
|
— |
|
|
|
3,153 |
|
Gross decreases-tax positions in prior periods
|
|
|
— |
|
|
|
(1,392 |
) |
|
|
— |
|
Gross increases — current period tax positions
|
|
|
7,845 |
|
|
|
3,551 |
|
|
|
3,729 |
|
Gross decreases — current period tax positions
|
|
|
(622 |
) |
|
|
(613 |
) |
|
|
(633 |
) |
Settlements
|
|
|
— |
|
|
|
(10,383 |
) |
|
|
(2,467 |
) |
Foreign currency translation adjustments
|
|
|
384 |
|
|
|
177 |
|
|
|
(319 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31,
|
|
$ |
23,857 |
|
|
$ |
15,197 |
|
|
$ |
18,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|