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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2015
FAIR VALUE MEASUREMENTS  
Schedule of fair value hierarchy of the entity's financial assets carried at fair value on a recurring basis

 

 

 

 

 

Fair Value Measurements at December 31, 2015
Using

 

(In thousands)

 

Total Carrying
Value at
December 31,
2015(1)

 

Quoted prices in
active market
(Level 1)

 

Significant other
observable inputs
(Level 2)

 

Significant
unobservable
inputs
(Level 3)

 

Other long-term assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market mutual funds

 

$

132 

 

$

132 

 

$

 

$

 

Equity securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

RealD Inc. common stock

 

 

12,900 

 

 

12,900 

 

 

 

 

 

Mutual fund large U.S. equity

 

 

2,057 

 

 

2,057 

 

 

 

 

 

Mutual fund small/mid U.S. equity

 

 

2,222 

 

 

2,222 

 

 

 

 

 

Mutual fund international

 

 

833 

 

 

833 

 

 

 

 

 

Mutual fund balanced

 

 

747 

 

 

747 

 

 

 

 

 

Mutual fund fixed income

 

 

750 

 

 

750 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total assets at fair value

 

$

19,641 

 

$

19,641 

 

$

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

 

 

Fair Value Measurements at December 31, 2014
Using

 

(In thousands)

 

Total Carrying
Value at
December 31,
2014(1)

 

Quoted prices in
active market
(Level 1)

 

Significant other
observable inputs
(Level 2)

 

Significant
unobservable
inputs
(Level 3)

 

Other long-term assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market mutual funds

 

$

224 

 

$

224 

 

$

 

$

 

Equity securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

RealD Inc. common stock

 

 

14,429 

 

 

14,429 

 

 

 

 

 

Mutual fund large U.S. equity

 

 

2,879 

 

 

2,879 

 

 

 

 

 

Mutual fund small/mid U.S. equity

 

 

1,558 

 

 

1,558 

 

 

 

 

 

Mutual fund international

 

 

717 

 

 

717 

 

 

 

 

 

Mutual fund balanced

 

 

760 

 

 

760 

 

 

 

 

 

Mutual fund fixed income

 

 

541 

 

 

541 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total assets at fair value

 

$

21,108 

 

$

21,108 

 

$

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


 

 

(1)          

Except for the investment in RealD Inc. common stock, the investments relate to a non-qualified deferred compensation arrangement on behalf of certain management. The Company has an equivalent liability for this related-party transaction recorded in other long-term liabilities for the deferred compensation obligation.

 

Summary of fair value hierarchy of the Company's assets that were measured at fair value on a nonrecurring basis

 

 

 

 

 

Fair Value Measurements at December 31, 2015
Using

 

 

 

(In thousands)

 

Total Carrying
Value at
December 31,
2015

 

Quoted prices in
active market
(Level 1)

 

Significant other
observable
inputs
(Level 2)

 

Significant
unobservable
inputs
(Level 3)

 

Total
Losses

 

Property, net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property owned, net

 

$

2,480 

 

$

 

$

 

$

2,480 

 

$

863 

 

Intangible assets, net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Favorable lease

 

 

 

 

 

 

 

 

 

 

839 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2014
Using

 

 

 

(In thousands)

 

Total Carrying
Value at
December 31, 2014

 

Quoted prices in
active market
(Level 1)

 

Significant other
observable
inputs
(Level 2)

 

Significant
unobservable
inputs
(Level 3)

 

Total
Losses

 

Property, net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property owned, net

 

$

2,342 

 

$

 

$

 

$

2,342 

 

$

3,149 

 

 

Schedule of fair value of financial instruments that are not recognized at fair value in the statement of financial position for which it is practicable to estimate fair value

 

 

 

 

 

Fair Value Measurements at December 31, 2015
Using

 

(In thousands)

 

Total Carrying
Value at
December 31,
2015

 

Quoted prices in
active market
(Level 1)

 

Significant other
observable
inputs
(Level 2)

 

Significant
unobservable
inputs
(Level 3)

 

Current maturities of corporate borrowings

 

$

10,195 

 

$

 

$

8,811 

 

$

1,389 

 

Corporate borrowings

 

 

1,924,366 

 

 

 

 

1,924,837 

 

 

4,166 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2014
Using

 

(In thousands)

 

Total Carrying
Value at
December 31,
2014

 

Quoted prices in
active market
(Level 1)

 

Significant other
observable
inputs
(Level 2)

 

Significant
unobservable
inputs
(Level 3)

 

Current maturities of corporate borrowings

 

$

15,873 

 

$

 

$

14,390 

 

$

1,389 

 

Corporate borrowings

 

 

1,775,132 

 

 

 

 

1,765,678 

 

 

5,555