Fair Value Measurements

6 Months Ended

Jun. 30, 2012

Fair Value Measurements [Abstract]

Fair Value Measurements

13. Fair Value Measurements

The Company determines fair value measurements in accordance with FASB ASC Topic 820, which establishes a fair value hierarchy under which an asset or liability is categorized based on the lowest level of input significant to its fair value measurement. The levels of input defined by FASB ASC Topic 820 are as follows:

Level 1—quoted market prices in active markets for identical assets or liabilities that are accessible at the measurement date;

Level 2—other than quoted market prices included in Level 1 that are observable for the asset or liability, either directly or indirectly; and

Level 3—unobservable and should be used to measure fair value to the extent that observable inputs are not available.

Below is a summary of assets and liabilities measured at fair value on a recurring basis by the Company under FASB ASC Topic 820 as of June 30, 2012:

	Carrying			Fair Value
Description	Value			Level 1		Level 2		Level 3
Interest rate swap liabilities—current (see Note 10)	$	(6,783	)	$	—	$	—	$	(6,783	)
Interest rate swap liabilities—long-term (see Note 10)	$	(9,206	)	$	—	$	—	$	(9,206	)
Investment in RealD (see Note 8)	$	18,293		$	18,293	$	—	$	—

Below is a summary of assets and liabilities measured at fair value on a recurring basis by the Company under FASB ASC Topic 820 as of December 31, 2011:

	Carrying			Fair Value
Description	Value			Level 1		Level 2		Level 3
Interest rate swap liabilities—current (see Note 10)	$	(9,979	)	$	—	$	—	$	(9,979	)
Interest rate swap liabilities—long-term (see Note 10)	$	(6,597	)	$	—	$	—	$	(6,597	)
Investment in RealD (see Note 8)	$	9,709		$	9,709	$	—	$	—

Below is a reconciliation of the beginning and ending balance for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

	Liabilities						Assets
	2012			2011			2012		2011
Beginning balances—January 1	$	(16,576	)	$	(15,970	)	$	—	$	8,955
Total gain (loss) included in accumulated other comprehensive loss		20			4,690			—		(6,012	)
Total gain included in earnings		567			328			—		—
Ending balances—June 30	$	(15,989	)	$	(10,952	)	$	—	$	2,943

There were no changes in valuation techniques during the period. There were no transfers in or out of Level 3 during the six months ended June 30, 2012.