THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS

6 Months Ended

Jun. 30, 2013

THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS

THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS

NOTE 6—THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS

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

(In thousands)	Six Months Ended June 30, 2013			Twenty-six Weeks Ended June 28, 2012
	(Successor)			(Predecessor)
Beginning balance	$	61,344		$	66,497
Theatre and other closure expense		3,020			5,189
Transfer of assets and liabilities		(54	)		(647	)
Foreign currency translation adjustment		(1,404	)		(41	)
Cash payments		(5,716	)		(7,752	)
Ending balance	$	57,190		$	63,246

        During the three months ended June 30, 2013 and the thirteen weeks ended June 28, 2012, the Company recognized $1,582,000 and $3,427,000, respectively, and during the six months ended June 30, 2013 and the twenty-six weeks ended June 28, 2012, the Company recognized $3,020,000 and $5,189,000, respectively, 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.