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Commitments And Contingencies
9 Months Ended
Sep. 30, 2013
Commitments And Contingencies [Abstract]  
Commitments And Contingencies

 

 

Note 13 – Commitments and Contingencies

Unconsolidated Debt 

 Total debt of unconsolidated joint ventures and entities was $666,000 and $703,000 as of September 30, 2013 and December 31, 2012.  Our share of unconsolidated debt, based on our ownership percentage, was $222,000 and $234,000 as of September 30, 2013 and December 31, 2012.  This debt is guaranteed by one of our subsidiaries to the extent of our ownership percentage.

Digital Projection 

We financed a $15.5 million purchase of digital projection equipment with an operating lease for our U.S. cinema circuit during 2012.  For our Australia and New Zealand circuits, we are in the process of installing similar digital projection equipment for a cost of approximately $9.0 million and $2.8 million, respectively, using our cash on hand.