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Subsequent Event - Sale of Theatres
6 Months Ended
Jun. 30, 2013
Subsequent Event - Sale of Theatres

21. Subsequent Event – Sale of Theatres

In conjunction with the Rave Acquisition (see Note 6), the Company is required to divest of three theatres pursuant to a Hold Separate Agreement with the Department of Justice. On July 17, 2013, the Company entered into a definitive agreement to sell these three theatres to Carmike Cinemas, Inc. The transaction, which is subject to approval by the Department of Justice, is expected to close during the third quarter of 2013.