CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands |
3 Months Ended | 12 Months Ended | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2014 |
Sep. 30, 2014 |
Jun. 30, 2014 |
Mar. 31, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Revenues | |||||||||||||||
| Admissions | $ 2,049,428,000 | $ 1,892,037,000 | $ 1,765,388,000 | ||||||||||||
| Food and beverage | 1,019,093,000 | 910,086,000 | 797,735,000 | ||||||||||||
| Other theatre | 167,325,000 | 144,777,000 | 132,267,000 | ||||||||||||
| Total revenues | $ 926,096,000 | $ 779,771,000 | $ 763,962,000 | $ 766,017,000 | $ 783,857,000 | $ 688,840,000 | $ 821,079,000 | $ 653,124,000 | $ 712,155,000 | $ 633,904,000 | $ 726,573,000 | $ 622,758,000 | 3,235,846,000 | 2,946,900,000 | 2,695,390,000 |
| Operating costs and expenses | |||||||||||||||
| Film exhibition costs | 1,089,501,000 | 1,021,457,000 | 934,246,000 | ||||||||||||
| Food and beverage costs | 142,167,000 | 128,569,000 | 111,991,000 | ||||||||||||
| Operating expense (income) | 873,456,000 | 795,722,000 | 733,338,000 | ||||||||||||
| Rent | 505,463,000 | 467,822,000 | 455,239,000 | ||||||||||||
| General and administrative: | |||||||||||||||
| Merger, acquisition and transaction costs | 47,895,000 | 3,398,000 | 1,161,000 | ||||||||||||
| Other | 90,719,000 | 58,212,000 | 64,873,000 | ||||||||||||
| Depreciation and amortization | 268,243,000 | 232,961,000 | 216,321,000 | ||||||||||||
| Impairment of long-lived assets | 5,544,000 | 1,702,000 | 3,149,000 | ||||||||||||
| Operating costs and expenses | 3,022,988,000 | 2,709,843,000 | 2,520,318,000 | ||||||||||||
| Operating income | 32,479,000 | 65,524,000 | 55,604,000 | 59,251,000 | 75,292,000 | 35,539,000 | 94,173,000 | 32,053,000 | 60,622,000 | 28,514,000 | 68,397,000 | 17,539,000 | 212,858,000 | 237,057,000 | 175,072,000 |
| Other expense (income) | |||||||||||||||
| Other expense (income) | (446,000) | 10,684,000 | (8,344,000) | ||||||||||||
| Interest expense: | |||||||||||||||
| Corporate borrowings | 110,731,000 | 96,857,000 | 111,072,000 | ||||||||||||
| Capital and financing lease obligations | 10,806,000 | 9,231,000 | 9,867,000 | ||||||||||||
| Equity in earnings of non-consolidated entities | (47,718,000) | (37,131,000) | (26,615,000) | ||||||||||||
| Investment expense (income) | (10,154,000) | (6,115,000) | (8,145,000) | ||||||||||||
| Total other expense | 63,219,000 | 73,526,000 | 77,835,000 | ||||||||||||
| Earnings (loss) before income taxes | 149,639,000 | 163,531,000 | 97,237,000 | ||||||||||||
| Income tax provision | 19,200,000 | 37,972,000 | 59,675,000 | 33,470,000 | |||||||||||
| Earnings from continuing operations | $ 41,617,000 | $ 12,178,000 | $ 43,923,000 | $ 6,138,000 | 29,819,000 | 7,376,000 | 31,414,000 | (4,842,000) | 111,667,000 | 103,856,000 | 63,767,000 | ||||
| Earnings (loss) from discontinued operations, net of income taxes | (21,000) | 334,000 | 313,000 | ||||||||||||
| Net earnings | $ 28,973,000 | $ 30,436,000 | $ 23,967,000 | $ 28,291,000 | $ 29,819,000 | $ 7,376,000 | $ 31,393,000 | $ (4,508,000) | $ 111,667,000 | $ 103,856,000 | $ 64,080,000 | ||||
| Basic earnings per share: | |||||||||||||||
| Basic earnings from continuing operations per common share (in dollars per share) | $ 0.29 | $ 0.31 | $ 0.24 | $ 0.29 | $ 0.31 | $ 0.08 | $ 0.32 | $ (0.05) | $ 1.13 | $ 1.06 | $ 0.65 | ||||
| Basic earnings from discontinued operations (in dollars per share) | 0.01 | ||||||||||||||
| Basic earnings per share | $ 0.42 | $ 0.12 | $ 0.45 | $ 0.06 | 0.31 | 0.08 | 0.32 | (0.05) | $ 1.13 | $ 1.06 | $ 0.66 | ||||
| Average shares outstanding-Basic | 98,838 | 97,963 | 97,506 | ||||||||||||
| Diluted earnings per shares: | |||||||||||||||
| Diluted earnings from continuing operations per common share (in dollars per share) | $ 0.29 | $ 0.31 | $ 0.24 | $ 0.29 | 0.30 | 0.08 | 0.32 | (0.05) | $ 1.13 | $ 1.06 | $ 0.65 | ||||
| Diluted earnings from discontinued operations (in dollars per share) | 0.01 | ||||||||||||||
| Diluted earnings per share | $ 0.42 | $ 0.12 | $ 0.45 | $ 0.06 | $ 0.30 | $ 0.08 | $ 0.32 | $ (0.05) | $ 1.13 | $ 1.06 | $ 0.66 | ||||
| Average shares outstanding-Diluted | 98,872 | 98,029 | 97,700 | ||||||||||||
| Dividends declared per basic and diluted common share (in dollars per share) | $ 0.80 | $ 0.80 | $ 0.60 | ||||||||||||
| X | ||||||||||
- Definition Represents film exhibition costs including film rentals, rebates, taxes and newspaper advertising incurred during the reporting period. No definition available.
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| X | ||||||||||
- Definition The amount, during the lease term, of each minimum capital and financing lease payment allocated to interest expense so as to produce a constant periodic rate of interest on the remaining balance of the capital or financing lease obligation. No definition available.
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| X | ||||||||||
- Definition This element represents acquisition-related costs incurred to effect a business combination which have been expensed during the period. These costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs related to the requisition process for equity securities. In addition, this element includes other nonrecurring expenses that may include, but are not limited to, unconsummated business combination expenses, and other nonrecurring business transaction expenses. No definition available.
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business) including income or loss from equity method investments. No definition available.
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| X | ||||||||||
- Definition Revenue from admissions (for example, tickets to parks, rides and attractions, theaters, sporting events, and movies), as well as patient admissions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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| X | ||||||||||
- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The cost related to generating revenue from the sale of food (prepared and cooked-to-order foodstuffs, as well as snack items) and beverages (bottled or on-tap alcoholic beverages, as well as nonalcoholic beverages like carbonated drinks, juices, energy/sports drinks, water, coffee, and tea). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Revenue from sale of food (prepared and cooked-to-order foodstuffs, as well as snack items) and beverages (bottled or on-tap alcoholic beverages, as well as nonalcoholic beverages like carbonated drinks, juices, energy/sports drinks, water, coffee, and tea). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
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| X | ||||||||||
- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of general and administrative expense classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount, after sales adjustments, returns, allowances, and discounts, of revenue classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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