DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2013

Discontinued operations

Schedule of calculation of the gain on sale and closure of theatres and components of amounts reflected as (earnings) loss from discontinued operations in the Company's Consolidated Statements of Operations

	Calendar 2013			Transition Period						Fiscal 2012
(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)
Revenues
Admissions	$	—		$	—		$	16,389		$	56,172
Food and beverage		—			—			6,099			20,192
Other theatre		—			—			548			2,253
Total revenues		—			—			23,036			78,617
Operating costs and expenses
Film exhibition costs		—			—			8,706			28,958
Food and beverage costs		—			66			1,252			3,655
Operating expense		—			439			15,592			24,643
Rent		—			—			7,322			23,497
General and administrative costs		—			221			511			248
Depreciation and amortization		—			—			263			1,212
(Gain) loss on disposition		(2,126	)		(37	)		(46,951	)		25
Operating costs and expenses		(2,126	)		689			(13,305	)		82,238
Operating income (loss)		2,126			(689	)		36,341			(3,621	)
Investment income		—			(1	)		(12	)		(12	)
Total other expense (income)		—			(1	)		(12	)		(12	)
Earnings (loss) before income taxes		2,126			(688	)		36,353			(3,609	)
Income tax provision		830			—			1,200			—
Net earnings (loss)	$	1,296		$	(688	)	$	35,153		$	(3,609	)

Seven Canada theatres and one United Kingdom theatre

Discontinued operations

Schedule of calculation of the gain on sale and closure of theatres and components of amounts reflected as (earnings) loss from discontinued operations in the Company's Consolidated Statements of Operations

(In thousands)	Total
	(Predecessor)
Proceeds from sale of UK theatre	$	395
Proceeds from sale of Canada theatres		1,472
Cash payment for closure of Canada theatre		(7,562	)
Net cash payment	$	(5,695	)
Fixed asset write-offs		(1,885	)
Recognition of cumulative translation losses in AOCI(1)		(11,069	)
Legal and professional fees		(1,582	)
Operating Lease Liabilities:
Deferred rent write-off		14,848
Unfavorable lease write-off		31,099
Deferred gain write-off		13,666
Gain on sale, net of lease termination expense	$	39,382

(1)

Included in Consolidated Statements of Comprehensive Income (Loss) as follows:

(In thousands)	March 30, 2012 through August 30, 2012
	(Predecessor)
Foreign currency translation adjustment:
Foreign currency translation adjustment, net of tax	$	866
Reclassification adjustment for foreign currency translation loss included in discontinued operations, net of tax		11,069
Total foreign currency translation adjustment, net of tax	$	11,935