LEASES

12 Months Ended

Dec. 31, 2013

LEASES

LEASES

NOTE 12—LEASES

        The following table sets forth the future minimum rental payments, by calendar year, required under existing operating leases and digital projector equipment leases payable to DCIP that have initial or remaining non-cancelable terms in excess of one year as of December 31, 2013:

(In thousands)	Minimum operating lease payments
2014	$	428,108
2015		435,906
2016		420,230
2017		403,552
2018		360,704
Thereafter		1,606,326
Total minimum payments required	$	3,654,826

        As of December 31, 2013, the Company has lease agreements for four theatres with 41 screens which are under construction or development and are expected to open in 2014.

        Included in other long-term liabilities as of December 31, 2013 and December 31, 2012 is $55,272,000 and $10,318,000, respectively, of deferred rent representing future minimum rental payments for leases with scheduled rent increases, and $194,233,000 and $211,329,000, respectively, for unfavorable lease liabilities.

        Rent expense is summarized as follows:

(In thousands)	12 Months Ended December 31, 2013		From Inception August 31, 2012 through December 31, 2012		March 30, 2012 through August 30, 2012		52 Weeks Ended March 29, 2012
	(Successor)		(Successor)		(Predecessor)		(Predecessor)
Minimum rentals	$	394,937	$	126,529	$	166,220	$	394,742
Common area expenses		44,198		12,968		17,591		40,918
Percentage rentals based on revenues		12,693		3,877		5,275		9,666
Rent		451,828		143,374		189,086		445,326
General and administrative and other		13,393		3,940		4,207		8,747
Total	$	465,221	$	147,314	$	193,293	$	454,073