ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2016

Summary of unaudited pro forma financial information related to the Company's historical statement of operations


	Pro Forma Year Ended
	December 31,
(In thousands)	2016		2015
Revenues	$	4,914,920	$	4,837,057
Operating income	$	280,913	$	347,474
Net earnings (loss)	$	(14,587)	$	138,705
Income (loss) per share:
Basic	$	(0.13)	$	1.25
Diluted	$	(0.13)	$	1.25

Odeon

ACQUISITION

Summary of Allocation of the Purchase Price


(In thousands)	Total

Cash	$	41,605
Receivables		26,159
Other current assets		58,120
Property (1)		755,910
Intangible assets (2)		112,111
Goodwill (3)		898,627
Deferred tax asset		18,704
Other long-term assets		29,562
Accounts payable		(78,916)
Accrued expenses and other liabilities		(118,202)
Deferred revenues and income		(20,415)
9% Senior Secured Note GBP due 2018		(382,864)
4.93% Senior Secured Note EUR due 2018		(213,714)
Capital lease and financing lease obligations (5)		(365,264)
Deferred tax liability		(21,298)
Other long-term liabilities (4)		(103,052)
Total estimated purchase price	$	637,073

(1)

Amounts recorded for property include land, buildings, capital lease assets, leasehold improvements, furniture, fixtures and equipment.

(2)

Amounts recorded for intangible assets include favorable leases, management agreements and a trade name. See Note 4 - Goodwill and Intangible Assets for additional information.

(3)

Amounts recorded for goodwill are not expected to be deductible for tax purposes.

(4)

Amounts recorded for other long-term liabilities include unfavorable leases of $48,300,000.

(5)

Including current portion of $26,549,000.

Carmike

ACQUISITION

Summary of Allocation of the Purchase Price


(In thousands)	Total

Cash	$	86,493
Receivables		12,268
Other current assets		14,248
Property (1)		719,642
Intangible assets (2)		25,876
Goodwill (3)		624,803
Other long-term assets		19,423
Accounts payable		(36,946)
Accrued expenses and other liabilities		(53,030)
Deferred revenues and income		(19,944)
Deferred tax liability		(19,535)
6% Senior Secured Notes due 2023		(242,075)
Capital and financing lease obligations (5)		(221,956)
Other long-term liabilities (4)		(51,027)
Total estimated purchase price	$	858,240

(1)

Amounts recorded for property includes land, buildings, capital lease assets, leasehold improvements, furniture, fixtures and equipment. Amounts include $17,238,000 classified as available for sale in other current assets in the Company’s Consolidated Balance Sheets.

(2)

Amounts recorded for intangible assets include favorable lease and trade name. See Note 4 - Goodwill and Intangible Assets for additional information.

(3)

Amounts recorded for goodwill are not expected to be deductible for tax purposes.

(4)

Amounts recorded for other long-term liabilities include unfavorable leases of $50,379,000.

(5)

Including current portion of $30,365,000.

Starplex Cinemas

ACQUISITION

Summary of Allocation of the Purchase Price


(In thousands)	December 31, 2015		Changes		December 31, 2016
Cash	$	2,119	$	400	$	2,519
Receivables		2,001		(140)		1,861
Other current assets		4,806		(177)		4,629
Property (1)		50,810		(8,702)		42,108
Intangible assets (2)		21,080		—		21,080
Goodwill (3)		116,891		13,260		130,151
Other long-term assets		290		—		290
Accounts payable		(4,211)		—		(4,211)
Accrued expenses and other liabilities		(4,689)		(466)		(5,155)
Deferred revenues and income		(2,295)		(172)		(2,467)
Deferred tax liability		(10,610)		(714)		(11,324)
Other long-term liabilities (4)		(1,220)		(3,570)		(4,790)
Total purchase price	$	174,972	$	(281)	$	174,691

(1)

Amounts recorded for property includes land, buildings, leasehold improvements, furniture, fixtures and equipment.

(2)

Amounts recorded for intangible assets includes favorable leases, a non-compete agreement and trade name.

(3)

Amounts recorded for goodwill are generally not expected to be deductible for tax purposes.

(4)

Amounts recorded for other long-term liabilities consist of two unfavorable leases.