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, 2013
Summary of Goodwill

The Company’s goodwill was as follows:

 

     U.S.
Operating
Segment
    International
Operating
Segment
    Total  

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   

Acquisition of U.S. theatres (Note 5)

     203,827        —          203,827   

Disposition of U.S. theatres (Note 5)

     (10,353     —          (10,353

Disposition of Mexico theatres (Note 5)

     —          (33,605     (33,605

Foreign currency translation adjustments

     —          (22,590     (22,590
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2013 (1)

   $ 1,150,471      $ 137,619      $ 1,288,090   
  

 

 

   

 

 

   

 

 

 

 

(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:

 

     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   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

     December 31,
2012
    Acquisitions  (2)      Amortization     Dispositions  (3)     Other (1)     December 31,
2013
 

Intangible assets with finite lives:

             

Gross carrying amount

   $ 71,921      $ 44,487       $ —        $ (8,862   $ (5,929   $ 101,617   

Accumulated amortization

     (51,354     —           (5,995     8,219        2,833        (46,297
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total net intangible assets with finite lives

   $ 20,567      $ 44,487       $ (5,995   $ (643   $ (3,096   $ 55,320   

Intangible assets with indefinite lives:

             

Tradename

     310,174        —           —          (8,711     (639     300,824   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total intangible assets — net

   $ 330,741      $ 44,487       $ (5,995   $ (9,354   $ (3,735   $ 356,144   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

Activity for 2012 consists of the write off of favorable leases for theatres that were closed and foreign currency translation adjustments. Activity for 2013 consists of the impairment of $708 for a favorable lease related to one U.S. theatre and foreign currency translation adjustments.

(2) 

See Note 5.

(3) 

Reflects disposition of three Rave theatres and the Company’s Mexico theatres (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, 2014

   $ 6,226   

For the year ended December 31, 2015

     5,988   

For the year ended December 31, 2016

     5,876   

For the year ended December 31, 2017

     5,319   

For the year ended December 31, 2018

     5,225   

Thereafter

     26,686   
  

 

 

 

Total

   $ 55,320