During December 2022, the Company entered into a purchase and sale agreement for the sale of the stock of its Ecuador subsidiary. The transaction is expected to close during 2023, pending customary antitrust and regulatory approvals. At March 31, 2023 and December 31, 2022, the assets and liabilities of the Ecuador subsidiary qualified as held for sale upon satisfaction of the criteria set forth in ASC 360-10-45-9 (205-20-45-1E), Property, Plant, and Equipment. The sale of the Ecuador subsidiary does not qualify as discontinued operations since it does not represent a strategic shift in the Company’s operations that will have a major effect on its results and operations. The following table presents the carrying value of Ecuador’s significant assets and liabilities as of the periods presented:


	March 31,		December 31,
	2023		2022
Theatre property and equipment, net	$	5.5	$	5.4
Operating lease right-of-use asset, net		2.9		2.9
Goodwill		4.2		4.2

Total assets	$	15.3	$	15.3
Total liabilities	$	8.6	$	8.5

Total revenue and operating losses for the Ecuador subsidiary were $3.5 and $0.1, respectively, for the three months ended March 31, 2023.