THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS

3 Months Ended

Jun. 30, 2011

THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS

THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS

NOTE 7—THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS

        A rollforward of reserves for theatre and other closure is as follows:

		Thirteen Weeks Ended
(In thousands)		June 30, 2011			July 1, 2010
Beginning balance		$	73,852		$	6,694
	Theatre and other closure expense		2,544			196
	Transfer of deferred rent		—			15
	Cash payments		(3,889	)		(359	)
Ending balance		$	72,507		$	6,546

        During the thirteen weeks ended June 30, 2011, the Company recognized $2,544,000 of theatre and other closure expense primarily related to accretion on previously closed properties with remaining lease obligations.

        Theatre and other closure reserves for leases that have not been terminated are recorded at the present value of the future contractual commitments for the base rents, taxes and maintenance.