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SEC Filings

10-K
CINEMARK HOLDINGS, INC. filed this Form 10-K on 02/28/2014
Entire Document
 


Table of Contents

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

 

Below is a rollforward of the Company’s investment in RealD from January 2011 through December 31, 2013:

 

Balance as of January 1, 2011

   $ 27,993   

Fair value of options earned

     3,402   

Exercise of options at $0.00667 per share

     8   

Unrealized holding loss

     (21,694
  

 

 

 

Balance as of December 31, 2011

   $ 9,709   

Unrealized holding gain

     3,998   
  

 

 

 

Balance as of December 31, 2012

   $ 13,707   

Unrealized holding loss

     (3,264
  

 

 

 

Balance as of December 31, 2013 (1)

   $ 10,443   
  

 

 

 

 

(1) 

Investment in RealD is included in investments in and advances to affiliates on the consolidated balance sheets.

 

9. GOODWILL AND OTHER INTANGIBLE ASSETS — NET

The Company’s goodwill was as follows:

 

     U.S.
Operating
Segment
    International
Operating
Segment
    Total  

Balance at December 31, 2011 (1)

   $ 948,026      $ 202,611      $ 1,150,637   

Acquisition of U.S. theatre

     8,971        —          8,971   

Foreign currency translation adjustments

     —          (8,797     (8,797
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2012 (1)

   $ 956,997      $ 193,814      $ 1,150,811   

Acquisition of U.S. theatres (Note 5)

     203,827        —          203,827   

Disposition of U.S. theatres (Note 5)

     (10,353     —          (10,353

Disposition of Mexico theatres (Note 5)

     —          (33,605     (33,605

Foreign currency translation adjustments

     —          (22,590     (22,590
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2013 (1)

   $ 1,150,471      $ 137,619      $ 1,288,090   
  

 

 

   

 

 

   

 

 

 

 

(1) 

Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment.

As of December 31, intangible assets-net, consisted of the following:

 

     December 31,
2011
    Amortization     Other (1)     December 31,
2012
 

Intangible assets with finite lives:

        

Gross carrying amount

   $ 74,381      $ —        $ (2,460   $ 71,921   

Accumulated amortization

     (47,313     (4,611     570        (51,354
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net intangible assets with finite lives

     27,068        (4,611     (1,890     20,567   

Intangible assets with indefinite lives:

        

Tradename

     309,839        —          335        310,174   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total intangible assets — net

   $ 336,907      $ (4,611   $ (1,555   $ 330,741   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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