2.0.0.10falseGain on Sale of Investment114 - Disclosure - Gain on Sale of Investmenttruefalsefalsefalse1usd$falsefalseiso4217_USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170iso4217_USD_per_sharesDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instanceshares0sharesStandardhttp://www.xbrl.org/2003/instanceshares053us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlockus-gaaptruenadurationstringNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalsefalse00<div>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Gain on Sale of
Investment</b></font></p>
<p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px">
<font style="FONT-FAMILY: Times New Roman" size="2">In 2009, the
Company sold its minority ownership interest in Redbox Automated
Retail, LLC to Coinstar, Inc. (Coinstar), the majority owner, for
total consideration of $139.8 million. In connection with the sale,
in first quarter, the Company received initial consideration valued
at $51.6 million consisting of 1.5 million shares of Coinstar
common stock at an agreed to value of $41.6 million and $10 million
in cash with the balance of the purchase price deferred. In second
quarter 2009, the Company sold all of its holdings in the Coinstar
common stock for $46.8 million and received $78.4 million in cash
from Coinstar as deferred consideration, and in third quarter, the
Company received $9.8 million in cash from Coinstar as final
consideration. As a result of the transaction, the Company
recognized a nonoperating pretax gain of $76.5 million (after
tax–$47.4 million or $0.04 per share) for the first quarter
2009 and $94.9 million cumulative gain (after tax–$58.8
million or $0.05 per share) for the full year 2009.</font></p>
</div>Gain on Sale of
Investment
In 2009, the
Company sold its minority ownership interest in Redbox Automated
Retail, LLC to Coinstar, Inc. (Coinstar), thefalsefalsefalseText block for income statement, balance sheet and additional disclosures relating to disposal groups, including those classified as components of the entity (discontinued operations). May include the facts and circumstances leading to the expected or completed disposal or to changes in the plan of sale, manner and timing of disposal, the gain or loss recognized in the income statement and the income statement caption that includes that gain or loss, amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also includes the nature and amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43, 44, 45, 47, 48
falsefalse11falseUnKnownUnKnownUnKnownfalsetrue