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Contingencies Contingencies (Tables)
3 Months Ended
Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]  
Schedule of guarantees
The following table represents the Company's guarantees as reflected in the accompanying condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013:
 
 
As of March 31, 2014
 
Obligation recorded to reflect estimated fair value of guaranty
Unconsolidated Affiliate
 
Company's
Ownership
Interest
 
Outstanding
Balance
 
Percentage
Guaranteed by the
Company
 
Maximum
Guaranteed
Amount
 
Debt
Maturity
Date (1)
 
Fair
Value at
3/31/14
 
Fair
Value at
12/31/13
West Melbourne I, LLC - Phase I
 
50%
 
$
40,819

 
25%
 
$
10,205

 
Nov-2015
(2) 
$
65

 
$
65

West Melbourne I, LLC - Phase II
 
50%
 
7,113

 
100%
(3) 
10,757

 
Nov-2015
(2) 
65

 
65

Port Orange I, LLC
 
50%
 
62,271

 
25%
 
15,568

 
Nov-2015
(2) 
157

 
157

JG Gulf Coast Town Center LLC - Phase III
 
50%
 
6,121

 
100%
 
6,121

 
Jul-2015
 

 

Fremaux Town Center JV, LLC (4)
 
65%
 
37,586

 
100%
 
47,291

 
Mar-2016 
(5) 
460

 
460

 
 
 
 
 
 
Total guaranty liability
 
$
747

 
$
747

(1)
Excludes any extension options.
(2)
The loan has two one-year extension options, which are at the unconsolidated affiliate's election, for an outside maturity date of November 2017.
(3)
The guaranty will be reduced to 25% once the construction of a Carmike Cinema is complete and the theater is operational.
(4)
The Company received a 1% fee for this guaranty when the loan was issued in March 2013. In the first quarter of 2014, the loan was modified and extended to increase the capacity to $47,291, which increased the maximum guaranteed amount.
(5)
The loan has two one-year extension options, which are at the unconsolidated affiliate's election, for an outside maturity date of March 2018.