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Receivables, net of allowance of $5.7 and $4.5, respectively

71.3

34.2

120.4

98.5

Prepaid expenses

3.1

2.4

Deferred tax assets

4.2

4.9

Income tax receivable

7.6

8.3

Current portion of notes receivable - founding members

^[1]

4.2

Total current assets

265.5

220.7

NON-CURRENT ASSETS:

Property and equipment, net of accumulated depreciation of $69.5 and $63.1, respectively

25.6

25.7

Intangible assets, net of accumulated amortization of $48.5 and $32.5, respectively

492.0

280.3

Deferred tax assets, net of valuation allowance of $0.0 and $3.3, respectively

244.2

264.3

Debt issuance costs, net of accumulated amortization of $15.0 and $12.2, respectively

17.7

18.3

Long-term notes receivable, net of current portion - founding members

^[1]

20.8

Other investments (including $1.1 and $0.0 with related parties, respectively)

1.1

0.8

Other assets

0.4

Total non-current assets

801.8

589.8

TOTAL ASSETS

1,067.3

810.5

CURRENT LIABILITIES:

Amounts due to founding members

30.1

19.8

Payable to founding members under tax sharing agreement

28.6

19.6

Accrued expenses

19.7

18.5

Accrued payroll and related expenses

13.9

11.6

Accounts payable (including $0.8 and $0.9 to related party affiliates, respectively)

20.5

15.7

Deferred revenue

4.7

5.7

Deferred tax liability

0.2

Current portion of long-term debt

14.0

Total current liabilities

131.5

91.1

NON-CURRENT LIABILITIES:

Long-term debt

876.0

879.0

Deferred tax liability

61.9

59.3

Payable to founding members under tax receivable agreement

144.0

137.5

Total non-current liabilities

1,081.9

1,075.8

Total liabilities

1,213.4

1,166.9

COMMITMENTS AND CONTINGENCIES (NOTE 13)

EQUITY/(DEFICIT):

Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding, respectively

Common stock, $0.01 par value; 175,000,000 shares authorized, 58,519137 and 54,486,259 issued and outstanding, respectively

0.6

0.5

Additional paid in capital (deficit)

(271.7)

(362.4)

Retained earnings (distributions in excess of earnings)

(80.0)

(70.5)

Accumulated other comprehensive loss

(3.2)

(6.7)

Total NCM, Inc. stockholders' equity/(deficit)

(354.3)

(439.1)

Noncontrolling interests

208.2

82.7

Total equity/(deficit)

(146.1)

(356.4)

TOTAL LIABILITIES AND EQUITY

$ 1,067.3

$ 810.5

[1]	Refer to discussion of Fathom sale in Note 2- Divestiture.

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 26, 2013	Dec. 27, 2012
Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts receivable	$ 5.7	$ 4.5
Accumulated depreciation, property and equipment	69.5	63.1
Accumulated amortization, intangible assets	48.7	32.5
Valuation allowance, deferred tax assets	0.0	3.3
Accumulated amortization, debt issuance costs	15.0	12.2
Other investments with related parties	1.1	0.0
Accounts payable, related parties	$ 0.8	$ 0.9
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	175,000,000	175,000,000
Common stock, shares issued	58,519,137	54,486,259
Common stock, shares outstanding	58,519,137	54,486,259

Consolidated Statements Of Income - USD ($)
$ in Millions

12 Months Ended

Dec. 26, 2013

Dec. 27, 2012

Dec. 29, 2011

REVENUE:

Advertising (including revenue from founding members of $41.6, $39.9 and $38.2, respectively)

$ 426.3

$ 409.5

$ 386.2

Fathom Events

36.5

39.3

49.2

Total

462.8

448.8

435.4

OPERATING EXPENSES:

Advertising operating costs (including $3.6, $4.2 and $3.4 to related parties, respectively)

29.0

31.3

24.6

Fathom Events operating costs (including $5.3, $5.9 and $9.3 to founding members, respectively)

25.5

29.0

34.1

Network costs

19.4

19.8

18.6

Theatre access fees-founding members

^[1]

69.4

64.5

55.4

Selling and marketing costs (including $1.4, $1.1 and $1.1 to founding members, respectively)

61.5

60.5

59.8

Administrative and other costs

29.4

31.5

30.4

Depreciation and amortization

26.6

20.4

18.8

Total

260.8

257.0

241.7

OPERATING INCOME

202.0

191.8

193.7

NON-OPERATING EXPENSES:

Interest on borrowings

51.6

56.7

49.2

Interest income

(0.4)

(0.3)

Accretion of interest on the discounted payable to founding members under tax receivable agreement

13.9

10.0

15.1

Change in derivative fair value

(3.0)

Amortization of terminated derivatives

10.3

4.0

1.3

Impairment of investment

0.8

0.0

6.7

Loss on swap terminations

26.7

Gain on sale of Fathom Events to founding members

^[2]

(25.4)

Other non-operating expense

1.2

5.8

1.7

Total

52.0

99.8

73.7

INCOME BEFORE INCOME TAXES

150.0

92.0

120.0

Income tax expense

20.2

26.7

19.4

CONSOLIDATED NET INCOME

129.8

65.3

100.6

Less: Net income attributable to noncontrolling interests

88.6

51.9

69.1

NET INCOME ATTRIBUTABLE TO NCM, INC.

$ 41.2

$ 13.4

$ 31.5

NET INCOME PER NCM, INC. COMMON SHARE:

$ 0.74

$ 0.25

$ 0.58

WEIGHTED AVERAGE SHARES OUTSTANDING:

$ 0.73

$ 0.24

$ 0.58

56,014,404

54,377,135

53,864,243

Dividends declared per common share

56,628,457

55,026,771

54,634,697

$ 0.88

$ 0.84

[1]	Comprised of payments per theatre attendee, payments per digital screen with respect to the founding member theatres included in the Company’s network and payments for access to higher quality digital cinema equipment.
[2]	Refer to discussion of Fathom sale in Note 2- Divestiture.

Consolidated Statements Of Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Revenue from founding members	$ 41.6	$ 39.9	$ 38.2
Advertising Operating Costs Including Movie Tickets And Concessions [Member]
Costs to founding members/related party affiliates	3.6	4.2	3.4
Fathom Events Operating Cost [Member]
Costs to founding members/related party affiliates	5.3	5.9	9.3
Selling And Marketing Cost [Member]
Costs to founding members/related party affiliates	$ 1.4	$ 1.1	$ 1.1

Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Consolidated Statements Of Comprehensive Income [Abstract]
CONSOLIDATED NET INCOME, NET OF TAX	$ 129.8	$ 65.3	$ 100.6
OTHER COMPREHENSIVE INCOME, NET OF TAX:
Amortization of terminated derivatives, net of tax	8.5	3.3	1.1
Net unrealized gain on cash flow hedges, net of tax		25.4
CONSOLIDATED COMPREHENSIVE INCOME	138.3	94.0	101.7
Less: Comprehensive income attributable to noncontrolling interests	94.2	70.0	69.8
COMPREHENSIVE INCOME ATTRIBUTABLE TO NCM, INC.	$ 44.1	$ 24.0	$ 31.9

Consolidated Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Consolidated Statements Of Comprehensive Income [Abstract]
Amortization of terminated derivatives, tax	$ 1.8	$ 0.7	$ 0.2
Net unrealized gain on cash flow hedges, tax	$ 0.0	$ 5.7	$ 0.1

Consolidated Statements Of Equity/(Deficit) - USD ($) $ in Millions	Common Stock [Member]	Additional Paid In Capital (Deficit) [Member]	Retained Earnings (Distribution In Excess Of Earnings) [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 30, 2010	$ 0.5	$ (373.3)	$ (20.5)	$ (17.5)	$ 92.4	$ (318.4)
Balance, shares at Dec. 30, 2010	53,549,477
Distributions to founding members					(83.0)	(83.0)
NCM LLC equity issued (returned) for purchase of intangible asset		(2.7)			(2.8)	(5.5)
Income tax and other impacts of NCM LLC ownership changes		(13.7)		(0.2)	2.2	(11.7)
Comprehensive income, net of tax			31.5	0.4	69.8	101.7
Share-based compensation issued		3.9				3.9
Share-based compensation issued, shares	385,128
Share-based compensation expense/capitalized		9.4			2.5	11.9
Excess tax benefit from share-based compensation		0.2				0.2
Cash dividends declared			(45.9)			(45.9)
Balance at Dec. 29, 2011	$ 0.5	(376.2)	(34.9)	(17.3)	81.1	(346.8)
Balance, shares at Dec. 29, 2011	53,934,605
Distributions to founding members					(76.8)	(76.8)
NCM LLC equity issued (returned) for purchase of intangible asset		4.9			5.2	10.1
Income tax and other impacts of NCM LLC ownership changes		1.9			1.0	2.9
Comprehensive income, net of tax			13.4	10.6	70.0	94.0
Share-based compensation issued, shares	551,654
Share-based compensation expense/capitalized		7.0			2.2	9.2
Cash dividends declared			(49.0)			(49.0)
Balance at Dec. 27, 2012	$ 0.5	(362.4)	(70.5)	(6.7)	82.7	(356.4)
Balance, shares at Dec. 27, 2012	54,486,259
Distributions to founding members					(103.8)	(103.8)
NCM LLC equity issued (returned) for purchase of intangible asset		101.4			120.2	221.6
Income tax and other impacts of NCM LLC ownership changes		(33.2)		0.6	13.1	(19.5)
Issuance of shares, value		41.1				41.1
Issuance of shares, shares	2,300,000
NCM, Inc. Investment in NCM LLC, value		(41.3)				(41.3)
Comprehensive income, net of tax			41.2	2.9	94.2	138.3
Share-based compensation issued	$ 0.1	18.5				18.6
Share-based compensation issued, shares	1,732,878
Share-based compensation expense/capitalized		4.2			1.8	6.0
Cash dividends declared			(50.7)			(50.7)
Balance at Dec. 26, 2013	$ 0.6	$ (271.7)	$ (80.0)	$ (3.2)	$ 208.2	$ (146.1)
Balance, shares at Dec. 26, 2013	58,519,137

Consolidated Statements Of Equity/(Deficit) (Parenthetical) - $ / shares	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Consolidated Statements Of Equity/(Deficit) [Abstract]
Dividends per share	$ 0.88	$ 0.88	$ 0.84

Consolidated Statements Of Cash Flows $ in Millions	12 Months Ended
Consolidated Statements Of Cash Flows $ in Millions	Dec. 26, 2013 USD ($)	Dec. 27, 2012 USD ($)	Dec. 29, 2011 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income	$ 129.8	$ 65.3	$ 100.6
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Deferred income tax expense	14.6	33.5	12.5
Depreciation and amortization	26.6	20.4	18.8
Non-cash share-based compensation	5.9	9.0	11.8
Excess tax benefit from share-based compensation		(0.1)	(0.2)
Accretion of interest on the discounted payable to founding members under tax receivable agreement	13.9	10.0	15.1
Net unrealized gain on hedging transactions		(3.0)
Impairment of investment	0.8	0.0	6.7
Amortization of terminated derivatives	10.3	4.0	1.3
Amortization of debt issuance costs	2.8	2.4	2.3
Write-off of debt issuance costs and other non-operating items	1.2	5.9	1.5
Loss on swap terminations		26.7
Gain on sale of Fathom Events	(26.0)
Payment for swap terminations		(63.4)
Changes in operating assets and liabilities:
Receivables, net	(22.0)	(0.5)	1.9
Accounts payable and accrued expenses	6.6	4.0	6.8
Amounts due to founding members	0.9	(0.3)	(0.8)
Payment to founding members under tax receivable agreement	(10.1)	(18.2)	(18.0)
Income taxes and other	(2.2)	(14.1)	1.5
Net cash provided by operating activities	153.1	81.6	161.8
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(10.1)	(10.4)	(13.5)
Purchases of marketable securities	(135.0)	(60.0)	(51.2)
Proceeds from sale and maturities of marketable securities	98.1	58.0	27.5
Payment from founding members for intangible assets		0.2
Purchases of intangible assets from affiliate circuits	(8.9)	(7.2)	(15.9)
Net cash used in investing activities	(55.9)	(19.4)	(53.1)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of dividends	(49.2)	(48.7)	(45.3)
Proceeds from borrowings	59.0	546.0	335.0
Repayments of borrowings	(48.0)	(461.0)	(317.2)
Payment of debt issuance costs	(3.4)	(14.0)	(9.1)
Founding member integration payments	2.1		1.9
Distributions to founding members	(93.8)	(78.0)	(86.6)
Payment of offering costs and fees	(0.2)
Excess tax benefit from share-based compensation		0.1	0.2
Proceeds from stock option exercises	20.3	2.2	4.2
Repurchase of stock for restricted stock tax withholding	(1.7)	(2.3)	(0.3)
Net cash used in financing activities	(114.9)	(55.7)	(117.2)
Change in cash and cash equivalents	(17.7)	6.5	(8.5)
Cash and cash equivalents at beginning of period	72.4	65.9	74.4
Cash and cash equivalents at end of period	54.7	72.4	65.9
Supplemental disclosure of non-cash financing and investing activity:
Purchase of an intangible asset with subsidiary equity	221.6	10.1	(5.5)
Accrued distributions to founding members	31.0	20.9	22.1
Operating segment sold under notes receivable	25.0
Purchase of subsidiary equity with NCM, Inc. equity	41.1
Increase in cost and equity method investments	0.3	0.6	0.2
Increase in dividends not requiring cash in the period	1.5	0.3	0.6
Supplemental disclosure of cash flow information:
Cash paid for interest	49.3	50.7	39.2
Cash paid for income taxes, net of refunds	$ 4.3	$ 5.2	$ 4.0

Basis Of Presentation And Summary Of Significant Accounting Policies

12 Months Ended

Dec. 26, 2013

Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]

Basis Of Presentation And Summary Of Significant Accounting Policies

1.BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

National CineMedia, Inc. (“NCM, Inc.”) was incorporated in Delaware as a holding company with the sole purpose of becoming a member and sole manager of National CineMedia, LLC (“NCM LLC”), a limited liability company owned by NCM, Inc., American Multi-Cinema, Inc. and AMC Showplace Theatres, Inc. (“AMC”), wholly owned subsidiaries of AMC Entertainment, Inc. (“AMCE”), Regal Cinemas, Inc. and Regal CineMedia Holdings, LLC, wholly owned subsidiaries of Regal Entertainment Group (“Regal”) and Cinemark Media, Inc. (“Cinemark USA”), a wholly owned subsidiary of Cinemark Holdings, Inc. (“Cinemark”). The terms “NCM”, “the Company” or “we” shall, unless the context otherwise requires, be deemed to include the consolidated entity. The Company operates the largest digital in-theatre network in North America, allowing NCM to sell advertising (the “Services”) under long-term exhibitor services agreements (“ESAs”) with AMC, Regal and Cinemark. AMC, Regal and Cinemark and their affiliates are referred to in this document as “founding members.” NCM LLC also provides the Services to certain third-party theatre circuits under network affiliate agreements, referred to in this document as “network affiliates”, which expire at various dates.

As of December 26, 2013, NCM LLC had 126,974,805 common membership units outstanding, of which 58,519,137 (46.1%) were owned by NCM, Inc., 25,404,393 (20.0%) were owned by Regal, 23,998,505 (18.9%) were owned by Cinemark and 19,052,770 (15.0%) were owned by AMC. The membership units held by the founding members are exchangeable into NCM, Inc. common stock on a one-for-one basis.

On December 26, 2013, NCM LLC sold its Fathom Events business to a newly formed limited liability company owned 32% by each of the founding members and 4% by NCM LLC, as described further in Note 2 – Divestiture.

Basis of Presentation

The Company has prepared its Consolidated Financial Statements and related notes of NCM, Inc. in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain reclassifications have been made to the prior years’ financial statements to conform to the current presentation. These reclassifications had no effect on previously reported results of operations or retained earnings.

As a result of the various related-party agreements discussed in Note 9 – Related Party Transactions, the operating results as presented are not necessarily indicative of the results that might have occurred if all agreements were with non-related third parties.

Estimates—The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include those related to the reserve for uncollectible accounts receivable, share-based compensation, interest rate swaps and income taxes. Actual results could differ from those estimates.

Significant Accounting Policies

Accounting Period— We have a 52-week or 53-week fiscal year ending on the first Thursday after December 25. Fiscal years 2013, 2012 and 2011 contained 52 weeks. Throughout this document, we refer to our fiscal years as set forth below:


Fiscal Year Ended	Reference in this Document
December 26, 2013	2013
December 27, 2012	2012
December 29, 2011	2011

Segment Reporting— Advertising is the principal business activity of the Company and is the Company’s reportable segment under the requirements of ASC 280 – Segment Reporting. Fathom Events (prior to its sale) was an operating segment under ASC 280. The Company does not evaluate its segments on a fully allocated cost basis, nor does the Company track segment assets separately. As such, the results are not indicative of what segment results of operations would have been had it been operated on a fully allocated cost basis. The Company cautions that it would be inappropriate to assume that unallocated operating costs are incurred proportional to segment revenue or any directly identifiable segment expenses. Refer to Note 16 – Segment Reporting.

Revenue Recognition—The Company derives revenue principally from the advertising business, which includes on-screen and lobby network (LEN) advertising and lobby promotions and advertising on entertainment websites and mobile applications owned by us and other companies. Revenue is recognized when persuasive evidence of an arrangement exists, delivery occurs or services are rendered, the sales price is fixed and determinable and collectability is reasonably assured. The Company considers the terms of each arrangement to determine the appropriate accounting treatment.

On-screen advertising consists of national and local advertising. National advertising is sold on a cost per thousand (“CPM”) basis, while local and regional advertising is sold on a per-screen, per-week basis. The Company recognizes national advertising as impressions (or theatre attendees) are delivered and recognizes local on-screen advertising revenue during the period in which the advertising airs. The Company recognizes revenue derived from lobby network and promotions when the advertising is displayed in theatre lobbies and recognizes revenue from branded entertainment websites and mobile applications when the online or mobile impressions are served. The Company may make contractual guarantees to deliver a specified number of impressions to view the customers’ advertising. If those contracted number of impressions are not delivered, the Company will either run additional advertising to deliver the contracted impressions at a later date. The deferred portion of the revenue associated with the undelivered impressions is referred to as a make-good provision. In rare cases, the Company will make a cash refund of the portion of the contract related to the undelivered impressions. The Company defers the revenue associated with the make-good until the advertising airs to the theatre attendance specified in the advertising contract. The make-good provision is recorded within accrued expenses in the Consolidated Balance Sheets. We record deferred revenue when cash payments are received in advance of being earned and is classified as a current liability as it is expected to be earned within the next twelve months. Fathom Events revenue was recognized in the period in which the event is held.

Barter Transactions—The Company enters into barter transactions that exchange advertising program time for products and services used principally for selling and marketing activities. The Company records barter transactions at the estimated fair value of the advertising exchanged based on fair value received for similar advertising from cash paying customers. Revenues for advertising barter transactions are recognized when advertising is provided, and products and services received are charged to expense when used. The Company limits the use of such barter transactions to items and services for which it would otherwise have paid cash. Any timing differences between the delivery of the bartered revenue and the use of the bartered expense products and services are recorded through accounts receivable. Revenue from barter transactions for the years ended December 26, 2013, December 27, 2012 and December 29, 2011 was $1.9 million, $3.0 million and $1.6 million, respectively. Expense recorded from barter transactions for the years ended December 26, 2013, December 27, 2012 and December 29, 2011 was $2.9 million, $1.3 million and $1.1 million, respectively.

Operating Costs—Advertising related operating costs primarily include personnel and other costs related to advertising fulfillment, payments due to unaffiliated theatre circuits under the network affiliate agreements, and to a lesser extent, production costs of non-digital advertising.

Fathom Events operating costs include revenue share under the ESAs to the founding members and revenue share to affiliate theatres under separate agreements, payments to event content producers and other direct costs of the meeting or event, including equipment rental, catering and movie tickets acquired primarily from the founding members.

Payment to the founding members of a theatre access fee is comprised of a payment per theatre attendee, a payment per digital screen and a payment per digital cinema projector equipped in the theatres, all of which escalate over time. Refer to Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this document.

Network costs include personnel, satellite bandwidth, repairs, and other costs of maintaining and operating the digital network and preparing advertising and other content for transmission across the digital network. These costs are not specifically allocated between the advertising business and the Fathom Events business.

Cash and Cash Equivalents—All highly liquid debt instruments and investments purchased with an original maturity of three months or less are classified as cash equivalents and are considered available-for-sale securities. There are cash balances in a bank in excess of the federally insured limits or in the form of a money market demand account with a major financial institution.

Restricted Cash—As of December 26, 2013 and December 27, 2012, other non-current assets included restricted cash of $0.3 million, which secures a letter of credit used as a lease deposit on our New York office.

Marketable Securities—Marketable securities are reported at fair value, with unrealized gains and losses recognized in earnings. The fair value of substantially all securities is determined by quoted market information and pricing models using inputs based upon market information, including contractual terms, market prices and yield curves. The estimated fair value of securities for which there are no quoted market prices is based on similar types of securities that are traded in the market.

Concentration of Credit Risk and Significant Customers —Bad debts are provided for based on historical experience and management’s evaluation of outstanding receivables at the end of the period. Receivables are written off when management determines amounts are uncollectible. Trade accounts receivable are uncollateralized and represent a large number of geographically dispersed debtors. The collectability risk is reduced by dealing with large, national advertising agencies who have strong reputations in the advertising industry and clients with stable financial positions. As of December 26, 2013 and December 27, 2012, there were no advertising agency groups or individual customers through which the Company sources national advertising revenue representing more than 10% of the Company’s outstanding gross receivable balance. During the years ended December 26, 2013, December 27, 2012 and December 29, 2011, there were no customers that accounted for more than 10% of revenue.

Receivables consisted of the following (in millions):


	As of
	December 26, 2013		December 27, 2012
Trade accounts	$	124.5	$	101.8
Other		1.6		1.2
Less: Allowance for doubtful accounts		(5.7)		(4.5)
Total	$	120.4	$	98.5

Long-lived Assets—Property and equipment is stated at cost, net of accumulated depreciation or amortization. Generally, the equipment associated with the digital network of the founding member theatres is owned by the founding members, while the equipment associated with network affiliate theatres is owned by the Company. Major renewals and improvements are capitalized, while replacements, maintenance, and repairs that do not improve or extend the lives of the respective assets are expensed as incurred. The Company records depreciation and amortization using the straight-line method over the following estimated useful lives:

Equipment.....................................................	4-10 years
Computer hardware and software.....................	3-5 years
Leasehold improvements.................................	Lesser of lease term or asset life

Software and website development costs developed or obtained for internal use are accounted for in accordance with ASC 350—Internal Use Software and ASC 350– Website Development Costs. The subtopics require the capitalization of certain costs incurred in developing or obtaining software for internal use. The majority of software costs related primarily to our inventory management systems and digital network distribution system (DCS) and website development costs, which are included in equipment, are depreciated over three to five years. As of December 26, 2013 and December 27, 2012, the Company had a net book value of $10.9 million and $10.4 million, respectively, of capitalized software and website development costs. Approximately $6.1 million, $4.1 million and $4.8 million was recorded for the years ended December 26, 2013, December 27, 2012 and December 29, 2011, respectively, in depreciation expense related to software and website development. For the years ended December 26, 2013, December 27, 2012 and December 29, 2011, the Company recorded $1.8 million, $0.8 million and $0.9 million in research and development expense, respectively.

The Company assesses impairment of long-lived assets pursuant with ASC 360 – Property, Plant and Equipment. This includes determining if certain triggering events have occurred that could affect the value of an asset. The Company has not recorded impairment charges related to long-lived assets.

Intangible assets—Intangible assets consist of contractual rights to provide its services within the theatres of the founding members and network affiliates and are stated at cost, net of accumulated amortization. The Company records amortization using the straight-line method over the contractual life of the intangibles, corresponding to the term of the ESAs or the term of the contract with the network affiliate. Intangible assets are tested for impairment at least annually during the fourth quarter or whenever events or changes in circumstances indicate the carrying value may not be fully recoverable. In its impairment testing, the Company estimates the fair value of its ESAs or network affiliate agreements by determining the estimated future cash flows associated with the ESAs or network affiliate agreements. If the estimated fair value is less than the carrying value, the intangible asset is written down to its estimated fair value. Significant judgment is involved in estimating long-term cash flow forecasts. The Company has not recorded impairment charges related to intangible assets.

Other Investments— Other investments consisted of the following (in millions):



	As of
	December 26, 2013		December 27,2012
Investment in AC JV, LLC (1)	$	1.1	$	-
Other investment (2)		-		0.8
Total	$	1.1	$	0.8

(1)

On December 26, 2013, NCM LLC sold its Fathom Events business into a newly formed limited liability company (AC JV, LLC) owned 32% by each of NCM LLC’s founding members and 4% by NCM LLC, as described further in Note 2- Divestiture. The Company accounted for its investment in AC JV, LLC under the equity method of accounting in accordance with ASC 970-323 Investments – Equity Method and Joint Ventures (“ASC 970-323”) because AC JV, LLC is a limited liability company with the characteristics of a limited partnership and ASC 970-323 requires the use of equity method accounting unless the Company’s interest is so minor that it would have virtually no influence over partnership operating and financial policies. The Company concluded that its interest was more than minor under the accounting guidance despite the fact that NCM LLC does not have a representative on AC JV, LLC’s Board of Directors or any voting, consent or blocking rights with respect to the governance or operations of AC JV, LLC. The Company’s proportional share of equity in the investment will be recorded in the Consolidated Statements of Income.

(2)

During 2011, the Company received equity securities in a privately held company as consideration for an advertising contract. The equity securities are accounted for under the cost method and represent an ownership interest of less than 20%. The Company does not exert significant influence over the company’s operating or financial activities. The Company recorded an impairment charge of $0.8 million during the year ended December 26, 2013 to bring the fair value to $0.0 million, as described below.

The Company reviews investments accounted for under the cost and equity methods for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may not be fully recoverable. In order to determine whether the carrying value of investments may have experienced an “other-than-temporary” decline in value necessitating the write-down of the recorded investment, the Company considers various factors including the investees financial condition and quality of assets, the length of time the investee has been operating, the severity and nature of losses sustained in current and prior years, qualifications in accountant’s reports due to liquidity or going concern issues, investee announcements of adverse changes, downgrading of investee debt, regulatory actions, loss of principal customer, negative operating cash flows or working capital deficiencies and the record of an impairment charge by the investee for goodwill, intangible or long-lived assets. Once a determination is made that an other-than-temporary impairment exists, the Company writes down its investment to fair value. During the years ended December 26, 2013, December 27, 2012 and December 29, 2011, the Company recorded other-than-temporary impairment charges of $0.8 million, $0.0 million and $6.7 million. The Company wrote-down these investments to a remaining fair value of $0.0 million.

Amounts Due to/from Founding Members—Amounts due to/from founding members include amounts due for the theatre access fee, offset by a receivable for advertising time purchased by the founding members on behalf of their beverage concessionaire, revenue share earned for Fathom Events plus any amounts outstanding under other contractually obligated payments. Payments to or received from the founding members against outstanding balances are made monthly. Available cash distributions are made quarterly.

Income Taxes— Income taxes are accounted for under the asset and liability method, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which differences are expected to be recovered or settled pursuant to the provisions of ASC 740 – Income Taxes. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

The Company records a valuation allowance if it is deemed more likely than not that all or a portion of its deferred income tax assets will not be realized, which will be assessed on an on-going basis. In addition, income tax rules and regulations are subject to interpretation and the application of those rules and regulations require judgment by the Company and may be challenged by the taxation authorities. The Company follows ASC 740-10-25, which requires the use of a two-step approach for recognizing and measuring tax benefits taken or expected to be taken in a tax return and disclosures regarding uncertainties in income tax positions. Only tax positions that meet the more likely than not recognition threshold are recognized. The Company’s unrecognized tax benefits or related interest and penalties are immaterial. Refer to Note 7 – Income Taxes.

Debt Issuance Costs—In relation to the issuance of outstanding debt discussed in Note 10 – Borrowings, there is a balance of $17.7 million and $18.3 million in deferred financing costs as of December 26, 2013 and December 27, 2012, respectively. The debt issuance costs are being amortized on a straight-line basis over the terms of the underlying obligations and are included in interest on borrowings, which approximates the effective interest method.

The changes in debt issuance costs are as follows (in millions):


	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Beginning balance	$	18.3	$	12.6	$	7.3
Debt issuance payments		3.4		14.0		9.1
Amortization of debt issuance costs		(2.8)		(2.4)		(2.3)
Write-off of debt issuance costs		(1.2)		(5.9)		(1.5)
Ending balance	$	17.7	$	18.3	$	12.6

Share-Based Compensation— In 2011 and 2012, the Company issued two types of share-based compensation awards: stock options and restricted stock. In 2013, the Company only issued restricted stock. Restricted stock vests upon the achievement of Company performance measures and service conditions or only service conditions. Compensation expense of restricted stock that vests upon the achievement of Company performance measures is based on management’s financial projections and the probability of achieving the projections, which require considerable judgment. A cumulative adjustment is recorded to share-based compensation expense in periods that management changes its estimate of the number of shares expected to vest. Ultimately, the Company adjusts the expense recognized to reflect the actual vested shares following the resolution of the performance conditions. Dividends (excluding extraordinary) are accrued quarterly on all unvested restricted stock and are only paid on shares that vest.

Compensation cost of stock options was based on the estimated grant date fair value using the Black-Scholes option pricing model, which requires that the Company make estimates of various factors. Under the fair value recognition provisions of ASC 718 Compensation – Stock Compensation, the Company recognizes share-based compensation net of an estimated forfeiture rate, and therefore only recognizes compensation cost for those shares expected to vest over the requisite service period of the award. Refer to Note 11— Share-Based Compensation for more information.

Fair Value Measurements— Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability.

Derivative Instruments— NCM LLC is exposed to various financial and market risks including changes in interest rates that exist as part of its ongoing operations. In 2012 and 2011, NCM LLC utilized certain interest rate swaps to manage these risks. In accordance with ASC 815 – Derivatives and Hedging, the effective portion of changes in the fair value of a derivative that was designated as a cash flow hedge was recorded in Accumulated Other Comprehensive Income (“AOCI”) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Any ineffectiveness associated with designated cash flow hedges, as well as any change in the fair value of a derivative that is not designated as a hedge, was recorded immediately in the Consolidated Statements of Operations. Refer to Note 15- Derivative Instruments and Hedging Activities.

Consolidation—NCM, Inc. consolidates the accounts of NCM LLC under the provisions of ASC 810 – Consolidation (“ASC 810”). Under ASC 810, a managing member of an LLC is presumed to control the LLC, unless the non-managing members have the right to dissolve the entity or remove the managing member, or if the non-managing members have substantive participating rights. The non-managing members of NCM LLC do not have either dissolution rights or removal rights. NCM, Inc. has evaluated the provisions of the NCM LLC membership agreement and has concluded that the various rights of the non-managing members are not substantive participation rights under ASC 810, as they do not limit NCM, Inc.’s ability to make decisions in the ordinary course of business.

The table below presents the changes in NCM, Inc.’s equity resulting from net income attributable to NCM, Inc. and transfers to or from noncontrolling interests (in millions):



	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Net income attributable to NCM, Inc.	$	41.2	$	13.4	$	31.5
NCM LLC equity issued for purchase of intangible asset		101.4		4.9		(2.7)
Income tax and other impacts of subsidiary ownership changes		(33.2)		1.9		(13.7)
NCM, Inc. investment in NCM LLC		(41.3)		-		-
Issuance of shares		41.1		-		-
Change from net income attributable to NCM, Inc. and transfers from noncontrolling interests	$	109.2	$	20.2	$	15.1

Recent Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2013-02, “Other Comprehensive Income (Topic 220)” (“ASU 2013-02”). The objective of ASU 2013-02 is to improve the reporting of reclassifications out of accumulated other comprehensive income. ASU 2013-02 seeks to attain that objective by requiring an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. generally accepted accounting principles (GAAP) to be reclassified in its entirety to net income in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. ASU 2013-02 was effective prospectively for the Company in its first quarter of 2013. The adoption ASU 2013-02 did not impact the Consolidated Financial Statements and the Company provided these disclosures in Note 15- Derivative Instruments and Hedging Activities.

In July 2013, the FASB issued Accounting Standards Update 2013-11, “Income Taxes (Topic 740)—Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). The objective of ASU 2013-11 is to eliminate diversity in practice of presenting unrecognized tax benefits as a liability or presenting unrecognized tax benefits as a reduction of a deferred tax asset for a net operating loss or tax credit carryforward in certain circumstances by requiring that an unrecognized tax benefit be presented in the financial statements as a reduction to deferred tax assets excluding certain exceptions. ASU 2013-11 will be effective prospectively for the Company in its first quarter of 2014. The Company does not expect ASU 2013-11 to have a material effect on its financial statements because the guidance is consistent with the Company’s current practice.

The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its audited Consolidated Financial Statements.

Divestiture

12 Months Ended

Dec. 26, 2013

Divestiture [Abstract]

Divestiture

2.DIVESTITURE

On December 26, 2013, NCM LLC sold its Fathom Events business to a newly formed limited liability company (AC JV, LLC) owned 32% by each of the founding members and 4% by NCM LLC. In consideration for the sale, NCM LLC received a total of $25.0 million in promissory notes from its founding members (one-third or approximately $8.3 million from each founding member). The notes receivable bear interest at a fixed rate of 5.0% per annum, compounded annually. Interest and principal payments are due annually in six equal installments commencing on the first anniversary of the closing. Due to the related party nature of the transaction, NCM LLC formed a committee of independent directors that hired a separate legal counsel and an investment banking firm who advised the committee and rendered an opinion as to the fairness of the transaction. NCM LLC deconsolidated Fathom Events and recognized a gain on the sale of approximately $26.0 million during the year ended December 26, 2013. The gain was measured as the difference between (a) the net fair value of the retained noncontrolling investment and the consideration received for the sale and (b) the carrying value of Fathom Events net assets (approximately $0.1 million). NCM LLC recorded approximately $0.6 million of expenses related to the sale, which were recorded as a reduction to the gain. Approximately $1.1 million of the gain recognized related to the re-measurement of the Company’s retained 4% interest in AC JV, LLC. The fair value of NCM LLC’s retained noncontrolling investment of $1.1 million was determined by applying NCM LLC’s ownership percentage to the fair value of AC JV, LLC, which was valued using comparative market multiples. Under the terms of the agreement, the assets and liabilities related to Fathom events held prior to the sale were not assumed by the buyer and those pertaining to Fathom events held post-closing were transferred to the buyer.

Future minimum principal payments under the notes receivable as of December 26, 2013 are approximately as follows (in millions):


Year		Minimum Principal Payments
2014	$	4.2
2015		4.2
2016		4.2
2017		4.2
2018		4.1
Thereafter		4.1
Total	$	25.0

NCM LLC amended and restated its existing ESAs with each of the founding members to remove those provisions addressing the rights and obligations related to the digital programming services of the Fathom Events business. These rights and obligations were conveyed to AC JV, LLC in connection with the sale. In connection with the sale, NCM LLC entered into a transition services agreement to provide certain corporate overhead services for a fee and reimbursement for the use of facilities and certain services including creative, technical event management and event management for the newly formed limited liability company for a period of nine months following the closing. In addition, NCM LLC entered into a services agreement with a term coinciding with the ESAs, which grants the newly formed limited liability company advertising on-screen and on our LEN and a pre-feature program prior to Fathom events reasonably consistent with what was previously dedicated to Fathom. In addition, the services agreement provides that we will assist with event sponsorship sales in return for a share of the sponsorship revenue. NCM LLC has also agreed to provide creative and media production services for a fee.

Due to the Company’s continuing equity method investment in the newly formed limited liability company, the operations of Fathom Events and the gain on the sale were recorded in continuing operations on the Consolidated Statements of Income. Refer to Note 1 – Basis of Presentation and Summary of Significant Accounting Policies for further discussion of the investment.

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230

Earnings Per Share

12 Months Ended

Dec. 26, 2013

Earnings Per Share [Abstract]

Earnings Per Share

3.EARNINGS PER SHARE

Basic earnings per share is computed on the basis of the weighted average number of common shares outstanding. Diluted earnings per share is computed on the basis of the weighted average number of common shares outstanding plus the effect of potentially dilutive common stock options, and restricted stock using the treasury stock method. The components of basic and diluted earnings per NCM, Inc. share are as follows:


	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Net income attributable to NCM, Inc. (in millions)	$	41.2	$	13.4	$	31.5
Weighted average shares outstanding:
Basic		56,014,404		54,377,135		53,864,243
Add: Dilutive effect of stock options and restricted stock		614,053		649,636		770,454
Diluted		56,628,457		55,026,771		54,634,697
Earnings per NCM, Inc. share:
Basic	$	0.74	$	0.25	$	0.58
Diluted	$	0.73	$	0.24	$	0.58

The effect of the 63,718,411, 57,393,735 and 56,948,238, exchangeable NCM LLC common units held by the founding members for the years ended December 26, 2013, December 27, 2012, and December 29, 2011, respectively, have been excluded from the calculation of diluted weighted average shares and earnings per NCM, Inc. share as they were antidilutive. NCM LLC common units do not participate in dividends paid on NCM Inc.’s common shares. In addition, there were 30,358, 76,956 and 68,087 stock options and non-vested (restricted) shares for the years ended December 26, 2013, December 27, 2012, and December 29, 2011, respectively, excluded from the calculation as they were antidilutive, primarily because exercise prices associated with those shares were above the average market value. The Company’s non-vested (restricted) shares do not meet the definition of a participating security as the dividends will not be paid if the shares do not vest.

Property And Equipment

12 Months Ended

Dec. 26, 2013

Property And Equipment [Abstract]

Property And Equipment

4.PROPERTY AND EQUIPMENT

The following is a summary of property and equipment, at cost less accumulated depreciation (in millions):



	As of December 26, 2013		As of December 27, 2012
Equipment, computer hardware and software	$	90.2	$	84.3
Leasehold improvements		3.6		3.4
Less: Accumulated depreciation		(69.5)		(63.1)
Subtotal		24.3		24.6
Construction in progress		1.3		1.1
Total property and equipment	$	25.6	$	25.7

For the years ended December 26, 2013, December 27, 2012, and December 29, 2011, the Company recorded depreciation expense of $10.4 million, $8.7 million, and $8.8 million, respectively.

Intangible Assets

12 Months Ended

Dec. 26, 2013

Intangible Assets [Abstract]

Intangible Assets

5.INTANGIBLE ASSETS

The Company’s intangible assets consist of contractual rights to provide its services within the theatres of the founding members and network affiliates. The Company records amortization using the straight-line method over the contractual life of the intangibles, corresponding to the term of the ESAs or the term of the contract with the network affiliate. The Company’s intangible assets with NCM LLC’s founding members are recorded at the fair market value of NCM, Inc.’s publicly traded stock as of the date on which the common membership units were issued. The NCM LLC common membership units are fully convertible into NCM, Inc.’s common stock. The Company also records intangible assets for up-front fees paid to network affiliates upon commencement of a network affiliate agreement. Pursuant to ASC 350-10—Intangibles—Goodwill and Other, the Company’s intangible assets have a finite useful life and the Company amortizes the assets over the remaining useful life corresponding with the ESAs or the term of the contract with the network affiliate. If common membership units are issued to a founding member for newly acquired theatres that are subject to an existing on-screen advertising agreement with an alternative provider, the amortization of the intangible asset commences after the existing agreement expires and NCM LLC can utilize the theatres for all of its services. In addition, if common membership units are issued to a founding member for theatres under an existing on-screen consulting agreement with an alternative provider, NCM LLC may receive payments from the founding member pursuant to the ESAs on a quarterly basis in arrears in accordance with certain run-out provisions (“integration payments”). Integration payments approximate the advertising cash flow that the Company would have generated if it had exclusive access to sell advertising in the theatres with pre-existing advertising agreements. The integration payments are recorded as a reduction to net intangible assets, and not as part of operating income.

In accordance with NCM LLC’s Common Unit Adjustment Agreement with its founding members, on an annual basis NCM LLC determines the amount of common membership units to be issued to or returned by the founding members based on theatre additions or dispositions during the previous year. In addition, NCM LLC’s Common Unit Adjustment Agreement requires that a Common Unit Adjustment occur for a specific founding member if its acquisition or disposition of theatres, in a single transaction or cumulatively since the most recent Common Unit Adjustment, results in an attendance increase or decrease of two percent or more in the total annual attendance of all founding members as of the last adjustment date.

The following is a summary of the Company’s intangible assets (in millions):


		As of December 27, 2012		Additions (1)		Amortization		Integration Payments (2)		As of December 26, 2013
Gross carrying amount	$	312.8	$	230.7	$	-	$	(2.8)	$	540.7
Accumulated amortization		(32.5)		-		(16.2)		-		(48.7)
Total intangible assets, net	$	280.3	$	230.7	$	(16.2)	$	(2.8)	$	492.0


		As of December 29, 2011		Additions (3)		Amortization		Integration Payments		As of December 27, 2012
Gross carrying amount	$	295.7	$	17.1	$	-	$	-	$	312.8
Accumulated amortization		(20.8)		-		(11.7)		-		(32.5)
Total intangible assets, net	$	274.9	$	17.1	$	(11.7)	$	-	$	280.3

_________

(1)

During the first quarter of 2013, NCM LLC issued 4,536,014 common membership units to its founding members for the rights to exclusive access to net new theatre screens and attendees added by the founding members to NCM LLC’s network during 2012. NCM LLC recorded a net intangible asset of $69.0 million in the first quarter of 2013 as a result of the Common Unit Adjustment.

In June of 2013, NCM LLC issued 5,315,837 common membership units to Cinemark for attendees added in connection with Cinemark’s acquisition of Rave Cinemas and one other newly built theatre. NCM LLC recorded a net intangible asset of approximately $91.2 million for this Common Unit Adjustment.

In November 2013, NCM LLC issued 3,372,241 common membership units to Regal for attendees added in connection with Regal’s acquisition of Hollywood Theatres and three other newly built theatres. NCM LLC recorded a net intangible asset of approximately $61.6 million for this Common Unit Adjustment.

During 2013, the Company purchased intangible assets for $8.9 million associated with network affiliate agreements.

(2)

Rave had pre-existing advertising agreements for some of the theatres it owned prior to the acquisition by Cinemark, as well as prior to the acquisition of certain Rave theatres by AMC in December 2012. As a result, AMC and Cinemark will make integration payments over the remaining term of those agreements. During the year ended December 26, 2013, NCM LLC recorded a reduction to net intangible assets of $2.8 million related to integration payments due from AMC and Cinemark. During the year ended December 26, 2013, the founding members paid $2.1 million in integration payments.

(3)

During the first quarter of 2012, NCM LLC issued 651,612 common membership units to its founding members for the rights to exclusive access to net new theatre screens and attendees added by the founding members to NCM LLC’s network during 2011. NCM LLC recorded a net intangible asset of $9.9 million in the first quarter of 2012 as a result of the common unit adjustment. In lieu of surrendering 16,727 units, AMC paid NCM LLC $0.2 million in the first quarter of 2012.

During 2012, the Company purchased intangible assets for $7.2 million associated with network affiliate agreements.

As of December 26, 2013 and December 27, 2012, the Company’s intangible assets related to the founding members, net of accumulated amortization was $463.4 million and $258.7 million, respectively with weighted average remaining lives of 23.0 years and 23.6 years as of December 26, 2013 and December 27, 2012, respectively.

As of December 26, 2013 and December 27, 2012, the Company’s intangible assets related to the network affiliates, net of accumulated amortization was $28.6 and $21.6 million, respectively with weighted average remaining lives of 15.8 years and 16.8 years as of December 26, 2013 and December 27, 2012, respectively.

For the years ended December 26, 2013, December 27, 2012 and December 29, 2011 the Company recorded amortization expense of $16.2 million, $11.7 million and $10.0 million, respectively. The estimated aggregate amortization expense for each of the five succeeding years is as follows (in millions):


Year		Amortization
2014	$	20.2
2015	$	20.3
2016	$	20.3
2017	$	20.6
2018	$	21.5

Accrued Expenses

12 Months Ended

Dec. 26, 2013

Accrued Expenses [Abstract]

Accrued Expenses

6. ACCRUED EXPENSES

The following is a summary of the Company’s accrued expenses (in millions):



	As of December 26, 2013		As of December 27, 2012
Make-good reserve	$	1.8	$	1.2
Accrued interest		12.7		12.9
Deferred rent		2.6		2.8
Other accrued expenses		2.6		1.6
Total accrued expenses	$	19.7	$	18.5

Income Taxes

12 Months Ended

Dec. 26, 2013

Income Taxes [Abstract]

Income Taxes

7.INCOME TAXES

On the IPO date, NCM, Inc. and the founding members entered into a tax receivable agreement. Under the terms of this agreement, NCM, Inc. will make cash payments to the founding members in amounts equal to 90% of NCM, Inc.’s actual tax benefit realized from the tax amortization of the intangible assets described below. For purposes of the tax receivable agreement, cash savings in income and franchise tax will be computed by comparing NCM, Inc.’s actual income and franchise tax liability to the amount of such taxes that NCM, Inc. would have been required to pay had there been no increase in NCM, Inc.’s proportionate share of tax basis in NCM LLC’s tangible and intangible assets and had the tax receivable agreement not been entered into. The tax receivable agreement applies to NCM, Inc.’s taxable years up to and including the 30th anniversary date of the offering. The Company paid the founding members $18.0 million in 2011 ($0.9 million was for the 2010 taxable year and $17.3 million was for the 2009 taxable year), $18.2 million in 2012 ($0.9 million was for the 2010 tax year and $17.3 million for the 2011 tax year) and $10.1 million in 2013 ($0.9 million was for the 2011 tax year and $9.2 million for the 2012 tax year).

The Company has provided total income taxes, as follows (in millions):



	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Current:
Federal	$	3.6	$	(6.6)	$	6.2
State		1.9		(0.2)		0.7
Total current income tax expense/(benefit)	$	5.5	$	(6.8)	$	6.9
Deferred:
Federal	$	16.7	$	28.8	$	9.7
State		1.2		4.8		1.3
Total deferred income tax expense	$	17.9	$	33.6	$	11.0
Valuation allowance		(3.3)		(0.1)		1.5
Total income tax provision on consolidated statements of income	$	20.2	$	26.7	$	19.4
Income tax expense/(benefit) on other comprehensive income	$	1.8	$	(6.7)	$	0.3

A reconciliation of the provision for income taxes as reported and the amount computed by multiplying income before taxes, less noncontrolling interest, by the U.S. federal statutory rate of 35% was (in millions):



	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Provision calculated at federal statutory income tax rate:
Income before income taxes	$	52.1	$	32.2	$	42.0
Less: Noncontrolling interests		(30.9)		(18.2)		(24.2)
Income attributable to NCM, Inc.		21.2		14.0		17.8
Out of period correction to enacted state rate		-		9.6		-
Current year change to enacted state rate		(1.2)		1.4		-
State and local income taxes, net of federal benefit		2.2		1.1		1.5
Change in valuation allowance		(3.3)		(0.1)		1.5
Other		1.3		0.7		(1.4)
Total income tax provision	$	20.2	$	26.7	$	19.4

Significant components of the Company’s deferred tax assets and deferred tax liability consisted of the following (in millions):



	Years Ended
	December 26, 2013		December 27, 2012
Deferred tax assets:
Investment in consolidated subsidiary NCM LLC (1)(2)(4)	$	233.4	$	252.0
Stock based compensation		6.6		9.2
Derivative instruments		2.1		4.1
Other		6.3		7.2
Total deferred tax assets		248.4		272.5
Valuation allowance		-		(3.3)
Total deferred tax assets, net of valuation allowance	$	248.4	$	269.2

Deferred tax liabilities:
Discount on liability for income taxes payable to founding members under tax sharing agreement (3)(4)	$	53.3	$	51.3
Depreciation and amortization		3.4		3.8
Derivative instruments		2.2		4.2
Notes receivable		2.7		-
Other		0.3		0.2
Total deferred tax liabilities	$	61.9	$	59.5

(1)

NCM LLC made an election under Internal Revenue code (“IRC”) §754 of the Internal Revenue Code to step-up the Company’s outside basis in its share of NCM LLC’s inside basis of assets under IRC §743(b) resulting in a deferred tax asset for the Company’s acquired share of NCM LLC’s assets. The majority of this deferred tax asset is attributable to intangible assets that are amortized over the remainder of the 15-year period for federal income tax purposes and accounted for as distributions under U.S. generally accepted accounting principles. The Company recorded additional step-up in tax basis as a result of subsequent payments made by NCM, Inc. to the founding members under the tax receivable agreement resulting from amortization of the IRC §743(b) adjustment.

(2)

For federal income tax purposes, an amortizable intangible asset was created on the tax-basis balance sheet of NCM LLC as a result of the founding members agreeing to modify NCM LLC’s payment obligations under the ESAs and as a result of the common unit adjustments, which are further described in Note 5 – Intangible Assets. The tax effect of NCM, Inc.’s share of the intangible asset is amortized over the remainder of the 30-year life for federal income tax purposes. Additionally, units issued under Common Unit Adjustments and subsequent payments to the founding members under the tax receivable agreement, create additional layers of tax basis amortized over the remaining period of the ESA. The ESA deferred tax asset was adjusted to reflect the changes in ownership that occurred during the year due to the common unit adjustments.

(3)

NCM, Inc. recorded a long-term payable to founding members related to the tax receivable agreement, which is recorded at its present value. The discount on this liability is a temporary difference that resulted in a deferred tax liability. The Company recorded accretion of interest on the discounted payable of $13.1 million and $10.0 million for the year ended December 26, 2013 and December 27, 2012, respectively.

(4)

During 2012, NCM, Inc. corrected errors in the blended state tax rate used to measure the net deferred tax asset “Investment in consolidated subsidiary NCM LLC”. As a result of the correction to the deferred tax asset, the long-term payable to founding members’ liability was also corrected. This is the discounted amount which is payable back to the founding members under the tax receivable agreement and represents 90% of the cash savings to NCM, Inc. from federal, state and local jurisdictions upon realization of amortization and other deductions specified under the tax receivable agreement. As a result of these out-of-period adjustments, the Company recorded a decrease of $22.7 million to its deferred tax asset for its ownership interest in NCM LLC to reflect the tax effected difference between the tax basis and the book basis of these assets. In addition, the Company recorded a decrease of $17.9 million in its long-term payable to founding members. The impact of these adjustments was a total out of period income statement impact of $5.3 million which consisted of an adjustment to deferred tax expense of $9.6 million offset by a reduction of tax receivable agreement interest expense of $4.3 million.

As of December 26, 2013, the Company had gross state net operating loss carryforwards of approximately $10.5 million, which expire at various dates between 2024 and 2032. As of December 26, 2013, the Company had gross capital loss carryforwards of approximately $1.1 million, which expire in 2014. The Company reversed a valuation allowance it had against these capital loss carryforwards as some of the carryforwards were utilized in 2013 and we expect to use the remainder prior to their expiration.

The Company is subject to taxation in the U.S. and various states. NCM LLC’s fiscal year 2007 and 2008 tax returns were under examination by the Internal Revenue Service (“IRS”). On September 10, 2013, NCM LLC and NCM, Inc., in its capacity as tax matters partner for NCM LLC, received a “No Adjustments Letter” from the IRS which stated that the IRS completed its review of the NCM LLC tax returns for the fiscal years ended 2007 and 2008 and did not propose any adjustments to those tax returns. NCM, Inc. had previously contested adjustments proposed by the IRS through the administrative appeals process. The Company had not recorded any adjustment to its financial statements for this matter and as such there was no effect on the Company’s financial statements for the year ended December 26, 2013 related to the closure of these audits.

As of December 26, 2013 and December 27, 2012, there was no material liability or expense for the periods then ended recorded for payment of interest and penalties associated with uncertain tax positions or material unrecognized tax positions and the Company’s unrecognized tax benefits were not material.

Capital Stock	12 Months Ended
Capital Stock	Dec. 26, 2013
Capital Stock [Abstract]
Capital Stock	8.CAPITAL STOCK As of December 26, 2013, the Company has authorized capital stock of 175,000,000 shares of common stock, par value of $0.01 per share, and 10,000,000 shares of preferred stock, par value of $0.01 per share. There were no shares of preferred stock issued or outstanding as of December 26, 2013. There were 58,519,137 shares of common stock issued and outstanding as of December 26, 2013. The holders of NCM Inc. common stock are entitled to one vote per share on all matters submitted for action by the NCM Inc. stockholders. Holders of common stock are entitled to share equally, share for share, in declared dividends. The authorized but unissued shares of common stock and preferred stock are available for future issuance without stockholder approval. These additional shares may be used for a variety of corporate purposes, including share based compensation, future public offerings to raise additional capital, corporate acquisitions and exchange on a one-for-one basis under the founding members’ right to convert their NCM LLC membership units into Company common stock.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Related-Party Transactions

Related-Party Transactions

12 Months Ended

Dec. 26, 2013

9.RELATED PARTY TRANSACTIONS

Founding Member Transactions –Following is a summary of the transactions between the Company and the founding members (in millions):



	Years Ended
Included in the Consolidated Statements of Income:	December 26, 2013		December 27, 2012		December 29, 2011
Revenue:
Beverage concessionaire revenue (included in Advertising revenue) (1)	$	41.4	$	39.7	$	38.0
Advertising inventory revenue (included in Advertising revenue) (2)		0.2		0.2		0.2
Operating expenses:
Theatre access fee (3)		69.4		64.5		55.4
Revenue share from Fathom Events (included in Fathom Events operating costs) (4)		5.1		5.5		8.3
Purchase of movie tickets and concession products (included in Fathom Events operating costs) (5)		0.2		0.4		1.0
Purchase of movie tickets and concession products (included in Selling and marketing costs) (5)		1.4		1.1		1.1
Purchase of movie tickets and concession products (included in Advertising operating costs) (5)		0.2		-		-
Non-operating expenses:
Gain on sale of Fathom Events (6)		25.4		-		-

(1)

For the years ended December 26, 2013, December 27, 2012 and December 29, 2011, the founding members purchased 60 seconds of on-screen advertising time (with a right to purchase up to 90 seconds) from NCM LLC to satisfy their obligations under their beverage concessionaire agreements at a specified 30 second equivalent CPM.

(2)

The value of such purchases is calculated by reference to NCM LLC’s advertising rate card.

(3)

Comprised of payments per theatre attendee, payments per digital screen with respect to the founding member theatres included in the Company’s network and payments for access to higher quality digital cinema equipment.

(4)

These payments are at rates (percentage of event revenue) included in the ESAs based on the nature of the event.

(5)

Used primarily for marketing to NCM LLC’s advertising clients and marketing resale to Fathom Events customers.

(6)

Refer to discussion of Fathom sale in Note 2- Divestiture.



Included in the Consolidated Balance Sheets:	December 26, 2013		December 27, 2012
Current portion of note receivable - founding members (1)		4.2		-
Long-term portion of note receivable - founding members (1)		20.8		-
Investment in AC JV, LLC (2)		1.1		-
Common unit adjustments and integration payments, net of amortization (included in Intangible assets)		463.4		258.7
Current payable to founding members under tax sharing agreement		28.6		19.6
Long-term payable to founding members under tax sharing agreement		144.0		137.5

(1)

Refer to discussion of Fathom sale in Note 2- Divestiture.

(2)

Refer to Note 1—Basis of Presentation and Summary of Significant Accounting Policies.

We have been granted a perpetual, royalty-free license from NCM LLC’s founding members to use certain proprietary software for the delivery of digital advertising and other content through our DCN to screens in the U.S. We have made improvements to this software since the IPO date and we own those improvements, except for improvements that were developed jointly by us and NCM LLC’s founding members.

Pursuant to the terms of the NCM LLC Operating Agreement in place since the completion of the IPO, NCM LLC is required to make mandatory distributions on a proportionate basis to its members of available cash, as defined in the NCM LLC Operating Agreement, on a quarterly basis in arrears. Mandatory distributions for the years ended December 26, 2013, December 27, 2012 and December 29, 2011 are as follows (in millions):



	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
AMC	$	29.8	$	23.1	$	25.3
Cinemark		36.9		24.2		25.5
Regal		37.1		29.5		32.2
NCM, Inc.		89.6		72.8		78.7
Total	$	193.4	$	149.6	$	161.7

The mandatory distributions of available cash by NCM LLC to its founding members for the quarter ended December 26, 2013 of $31.0 million, is included in amounts due to founding members in the Consolidated Balance Sheets as of December 26, 2013 and will be made in the first quarter of 2014.

Amounts due to founding members as of December 26, 2013 were comprised of the following (in millions):



	AMC		Cinemark		Regal		Total
Theatre access fees, net of beverage revenues	$	0.6		0.7		1.1	$	2.4
Cost and other reimbursement		(2.0)		(0.7)		(0.6)		(3.3)
Distributions payable		8.7		10.9		11.4		31.0
Total	$	7.3	$	10.9	$	11.9	$	30.1

Amounts due to founding members as of December 27, 2012 were comprised of the following (in millions):



	AMC		Cinemark		Regal		Total
Theatre access fees, net of beverage revenues	$	0.6	$	0.6	$	0.9	$	2.1
Cost and other reimbursement		(1.1)		(0.7)		(1.4)		(3.2)
Distributions payable, net		6.3		6.6		8.0		20.9
Total	$	5.8	$	6.5	$	7.5	$	19.8

Common Unit Membership Redemption – The NCM LLC Operating Agreement provides a redemption right of the founding members to exchange common membership units of NCM LLC for shares of the Company’s common stock on a one-for-one basis, or at the Company’s option, a cash payment equal to the market price of one share of NCM, Inc. common stock. During the third quarter of 2013, Regal exercised the redemption right of an aggregate 2,300,000 common membership units for a like number of shares of common stock. Such redemptions took place immediately prior to the closing of an underwritten public offering and the closing of an overallotment option. The Company did not receive any proceeds from the sale of its common stock by Regal. Pursuant to ASC 810-10-45, the Company accounted for the change in its ownership interest in NCM LLC as an equity transaction and no gain or loss was recognized in the Consolidated Statements of Income.

The Company recorded a $4.1 million deferred tax asset for its additional ownership interest in NCM LLC to reflect the tax effected difference between the tax basis and the book basis, the majority of which will be amortized over a 15-year period for federal income tax purposes. In addition, the Company recorded an increase of $4.5 million in its long-term payable to founding members for the estimated payment to the founding members of 90% of the amount of cash savings, if any, in U.S. federal, state and local income tax or franchise tax that the Company expects to realize as a result of the deferred tax asset, which is recorded at its present value. The discount on this liability is a temporary difference that resulted in an additional $2.1 million deferred tax liability.

Digital Cinemas Integration Partners –NCM LLC had an agreement with Digital Cinema Integration Partners (“DCIP”), a joint venture owned by the founding members which was assigned to AC JV, LLC in connection with the sale of Fathom Events. This agreement provided for payment of a fee to DCIP whenever the digital cinema equipment is used to exhibit a Fathom event. Such fee per event showing during non-prime times (as defined in the agreements) and showing during prime times is a standard fee that is charged to all alternative content owners (including major studios) who display their programming on the digital cinema projectors. During the years ended December 26, 2013, December 27, 2012 and December 29, 2011, we paid DCIP approximately $0.8 million, $1.5 million and $0.5 million, respectively, under this agreement. The DCIP Agreement was transferred as a part of the sale of the Fathom Events business.

Related Party Affiliates – NCM LLC enters into network affiliate agreements and Fathom agreements with network affiliates for NCM LLC to provide in-theatre advertising and Fathom Events at theatre locations that are owned by companies that are affiliates of certain of the founding members or directors of NCM, Inc. Related party affiliate agreements are entered into at terms that are similar to those of the Company’s other network affiliates.

The following is a summary of advertising operating costs in the Consolidated Statements of Income between the Company and its related party affiliates (in millions):




	Years Ended
Related Party Affiliate	December 26, 2013		December 27, 2012			December 29, 2011
Starplex (1)	$	2.9	$	3.2	$	2.9
Other (2)		0.5		1.0		0.5
Total	$	3.4	$	4.2	$	3.4

The following is a summary of the accounts payable balance between the Company and its related party affiliates included in the Consolidated Balance Sheets (in millions):




Related Party Affiliate	As of December 26, 2013		As of December 27, 2012
Starplex (1)	$	0.7	$	0.7
Other (2)		0.1		0.2
Total	$	0.8	$	0.9

(1)

Starplex Operating L.P. (“Starplex”) is an affiliate of one of NCM, Inc.’s directors.

(2)

Other affiliates include LA Live Cinemas LLC (“LA Live”), an affiliate of Regal, and Texas Cinemas, Corp., an affiliate of one of NCM, Inc.’s directors.

Other Transactions – NCM LLC has an agreement with an interactive media company, who is an affiliate of one of NCM Inc.’s directors, to sell some of its online inventory. During the year ended December 26, 2013, this company generated approximately $0.6 million in revenue for NCM LLC and there was approximately $0.6 million of accounts receivable due from this company as of December 26, 2013.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Commitments And Contingencies [Abstract]

Borrowings

12 Months Ended

Dec. 26, 2013

Borrowings [Abstract]

Borrowings

10.BORROWINGS

The following table summarizes NCM LLC’s total outstanding debt as of December 26, 2013 and December 27, 2012 and the significant terms of its borrowing arrangements:



	Outstanding Balance as of
Borrowings ($ in millions)	December 26, 2013		December 27, 2012		Maturity Date		Interest Rate
Revolving Credit Facility	$	20.0	$	14.0	November 26, 2017	(1)	(2)
Term Loans		270.0		265.0	November 26, 2019		(2)
Senior Unsecured Notes		200.0		200.0	July 15, 2021		7.875%
Senior Secured Notes		400.0		400.0	April 15, 2022		6.000%
Total	$	890.0	$	879.0
Less: current portion of long-term debt		(14.0)		-
Long-term debt, less current portion	$	876.0	$	879.0

(1)A portion of the revolving credit facility has a maturity date of December 31, 2014, as described in further detail below.

(2)The interest rates on the revolving credit facility and term loan are described below.

Senior Secured Credit Facility – NCM LLC’s senior secured credit facility consists of a $124.0 million revolving credit facility and a $270.0 million term loan. On May 2, 2013, NCM LLC entered into an amendment of its senior secured credit facility whereby the facility was increased from $265.0 million to $270.0 million. In connection with the amendment, the interest rates on the revolving credit facility and term loans were reduced as described further below. In addition, NCM LLC recorded a non-cash charge of approximately $0.5 million for the write-off of net deferred issuance costs associated with the prior agreement and recorded approximately $0.7 million for certain new fees. The obligations under the senior secured credit facility are secured by a lien on substantially all of the assets of NCM LLC.

Revolving Credit Facility – The revolving credit facility portion of NCM LLC’s total borrowings is available, subject to certain conditions, for general corporate purposes of NCM LLC in the ordinary course of business and for other transactions permitted under the senior secured credit facility, and a portion is available for letters of credit.

NCM LLC’s total availability under the revolving credit facility is $124.0 million. The unused line fee is 0.50% per annum. Of the total available, $14.0 million outstanding principal of the revolving credit facility formerly held by Lehman Brothers Holdings, Inc. (“Lehman”) will not be repaid in connection with any future prepayments of the revolving credit facility amounts, but rather Lehman’s share of the revolving credit facility will be paid in full by NCM LLC to the successor lenders, along with any accrued and unpaid fees and interest by the maturity date of December 31, 2014. The maturity date applicable to the remaining outstanding principal is November 26, 2017.

Borrowings under the revolving credit facility bear interest at NCM LLC’s option of either the LIBOR index plus an applicable margin or the base rate (Prime Rate or the Federal Funds Effective Rate, as defined in the senior secured credit facility) plus an applicable margin. The applicable margin for the revolving credit facility is determined quarterly and is subject to adjustment based upon a consolidated net senior secured leverage ratio for NCM LLC (the ratio of secured funded debt less unrestricted cash and cash equivalents, over a non-GAAP measure defined in the senior secured credit facility). On May 2, 2013, NCM LLC entered into an amendment of its senior secured credit facility whereby the applicable margins on the $110.0 million portion of the revolving credit facility decreased by 25 basis points to the LIBOR index plus 2.00% or the base rate plus 1.00%. The margins on the $14.0 million portion held by Lehman of the revolving credit facility remained unchanged at the LIBOR index plus 1.50% or the base rate plus 0.50%. The weighted-average interest rate on the outstanding balance on the revolving credit facility as of December 26, 2013 was 2.44%.

Term Loans – In connection with the amendment of its senior secured credit facility on May 2, 2013, the interest rate on the term loans decreased by 50 basis points to a rate at NCM LLC’s option of either the LIBOR index plus 2.75% or the base rate (Prime Rate or the Federal Funds Effective Rate, as defined in the senior secured credit facility) plus 1.75%. The weighted-average interest rate on the term loans as of December 26, 2013 was 2.92%. Interest on the term loans is currently paid monthly.

The senior secured credit facility contains a number of covenants and financial ratio requirements, with which the NCM LLC was in compliance at December 26, 2013, including maintaining a consolidated net senior secured leverage ratio of 6.5 times on a quarterly basis. There are no borrower distribution restrictions as long as the NCM LLC’s consolidated net senior secured leverage ratio is below 6.5 times and NCM LLC is in compliance with its debt covenants. As of December 26, 2013, the NCM LLC’s consolidated net senior secured leverage ratio was 2.9 times (versus the covenant of 6.5 times).

Senior Unsecured Notes due 2021 – On July 5, 2011, NCM LLC completed a private placement of $200.0 million in aggregate principal amount of 7.875% Senior Unsecured Notes (“Senior Unsecured Notes”) for which the exchange offering was completed on September 22, 2011. The Senior Unsecured Notes have a maturity date of July 15, 2021 and pay interest semi-annually in arrears on January 15 and July 15 of each year, commencing January 15, 2012. The notes are subordinated to all existing and future secured debt, including indebtedness under the Company’s existing senior secured credit facility and the Senior Secured Notes defined below. The Senior Unsecured Notes contain certain covenants with which the Company was in compliance as of December 26, 2013.

Senior Secured Notes due 2022 – On April 27, 2012, NCM LLC completed a private placement of $400.0 million in aggregate principal amount of 6.00% Senior Secured Notes (the “Senior Secured Notes”). The Senior Secured Notes have a maturity date of April 15, 2022 and pay interest semi-annually in arrears on April 15 and October 15 of each year, which commenced October 15, 2012. The Senior Secured Notes are senior secured obligations of NCM LLC, rank the same as NCM LLC’s senior secured credit facility, subject to certain exceptions, and share in the same collateral that secures NCM LLC’s obligations under the senior secured credit facility. The Senior Secured Notes contain certain covenants with which the Company was in compliance as of December 26, 2013

Future Maturities of Borrowings—The scheduled annual maturities on the Senior Secured Credit Facility and Senior Secured and Senior Unsecured Notes as of December 26, 2013 are as follows (in millions):


Year		Amount
2014	$	14.0
2015		-
2016		-
2017		6.0
2018		-
Thereafter		870.0
Total	$	890.0

Share-Based Compensation

12 Months Ended

Dec. 26, 2013

Share-Based Compensation [Abstract]

Share-Based Compensation

11.SHARE-BASED COMPENSATION

The NCM, Inc. 2007 Equity Incentive Plan, as amended (the “Equity Incentive Plan”), reserves 12,876,000 shares of common stock available for issuance or delivery under the Equity Incentive Plan of which 4,371,729 remain available for future grants as of December 26, 2013. The types of awards that may be granted under the Equity Incentive Plan include stock options, stock appreciation rights, restricted stock, restricted stock units or other stock based awards. Stock options awarded under the Equity Incentive Plan are granted with an exercise price equal to the closing market price of NCM, Inc. common stock on the date the Company’s board of directors approves the grant. Upon vesting of the restricted stock awards or exercise of options, NCM LLC will issue common membership units to the Company equal to the number of shares of the Company’s common stock represented by such awards. Options and restricted stock vest annually over a three or five-year period and options have either 10-year or 15-year contractual terms. A forfeiture rate of 5% was estimated to reflect the potential separation of employees. Certain option and share awards provide for accelerated vesting if there is a change in control, as defined in the Equity Incentive Plan. In addition, certain restricted stock awards include performance vesting conditions, which permit vesting to the extent that the Company achieves specified non-GAAP targets at the end of the measurement period. The length of the measurement period is two to three years. Restricted stock units granted to non-employee directors vest after approximately one year.

Compensation Cost—The Company recognized $5.9 million, $9.0 million and $11.8 million for the years ended December 26, 2013, December 27, 2012 and December 29, 2011, respectively, of share-based compensation expense and $0.1 million, $0.2 million and $0.2 million was capitalized during the years ended December 26, 2013, December 27, 2012 and December 29, 2011, respectively. No compensation expense was recorded for the 2011 non-vested restricted stock grants subject to performance conditions as the grants are not expected to vest due to the projected underperformance against the specified non-GAAP targets as of December 26, 2013. The income tax benefit recognized in the income statement for share-based compensation was approximately $1.0 million, $2.6 million, and $3.2 million for the years ended December 26, 2013, December 27, 2012 and December 29, 2011, respectively. As of December 26, 2013, unrecognized compensation cost related to unvested options was approximately $1.0 million, which will be recognized over a weighted average remaining period of 1.0 years. As of December 26, 2013, unrecognized compensation cost related to restricted stock and restricted stock units was approximately $7.2 million, which will be recognized over a weighted average remaining period of 2.1 years.

Stock Options—A summary of option award activity under the Equity Incentive Plan as of December 26, 2013, and changes during the year then ended are presented below:


	Options		Weighted Average Exercise Price	Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value (in millions)
Outstanding as of December 27, 2012	4,984,952	$	16.13
Granted	-		-
Exercised	(1,488,059)		13.69
Forfeited	(333,530)		17.75
Expired	(106,781)		19.79
Outstanding as of December 26, 2013	3,056,582	$	17.02	6.8	$	9.6
Exercisable as of December 26, 2013	2,325,589	$	17.47	6.6	$	6.3
Vested and expected to vest as of December 26, 2013	3,044,836	$	17.02	6.8	$	9.5

The weighted average grant date fair value of granted options was $4.1 and $3.8 for the years ended December 27, 2012 and December 29, 2011, respectively. The intrinsic value of options exercised during the year was $6.1 million, $1.4 million and $1.5 million for the years ended December 26, 2013, December 27, 2012 and December 29, 2011, respectively. The total fair value of awards vested during the years ended December 26, 2013, December 27, 2012 and December 29, 2011 was $4.9 million, $7.8 million and $6.2 million, respectively.

The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing valuation model that uses the assumptions noted in the table below. Expected volatilities are based on implied volatilities from traded options on the Company’s stock, historical volatility of the Company’s stock, and other factors. The Company uses historical data to estimate option exercise and employee termination within the valuation model. The expected term of options granted is derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The following assumptions were used in the valuation of the options for the years ended December 26, 2013, December 27, 2012 and December 29, 2011:


	Years Ended
	December 26, 2013	December 27, 2012	December 29, 2011
Expected term (in years)	(1)	6.0	6.0
Risk free interest rate	(1)	0.8%-1.1%	1.2%-2.4%
Expected volatility	(1)	53.2%-54.6%	30.0%-53.6%
Dividend yield	(1)	5.5%	3.8%-4.0%

(1) The Company did not grant stock options during the year ended December 26, 2013.

Restricted Stock and Restricted Stock Units—Under the non-vested stock program, common stock of the Company may be granted at no cost to officers, independent directors and employees, subject to requisite service and meeting financial performance targets, and as such restrictions lapse, the award vests in that proportion. The participants are entitled to cash dividends (excluding extraordinary) and to vote their respective shares (in the case of restricted stock), although the sale and transfer of such shares is prohibited and the shares are subject to forfeiture during the restricted period. Additionally, the accrued cash dividends for 2011, 2012 and 2013 grants are subject to forfeiture during the restricted period should the underlying shares not vest.

The weighted average grant date fair value of non-vested stock was $15.17, $13.23 and $17.66 for the years ended December 26, 2013, December 27, 2012 and December 29, 2011, respectively. The total fair value of awards vested was $7.5 million, $6.9 million and $1.8 million during the years ended December 26, 2013, December 27, 2012 and December 29, 2011, respectively.

As of December 26, 2013, the total number of restricted stock and restricted stock units that are ultimately expected to vest, after consideration of expected forfeitures and estimated vesting of performance-based restricted stock is 833,004.

A summary of restricted stock award and restricted stock unit activity under the Equity Incentive Plan as of December 26, 2013, and changes during the year then ended are presented below:


	Number of Restricted Shares and Restricted Stock Units		Weighted Average Grant-Date Fair Value
Non-vested balance as of December 27, 2012	1,707,128	$	15.30
Granted	918,548		15.17
Vested	(360,528)		16.88
Forfeited	(190,282)		15.95
Non-vested balance as of December 26, 2013	2,074,866	$	14.91

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 26, 2013
Employee Benefit Plans [Abstract]
Employee Benefit Plans	12.EMPLOYEE BENEFIT PLANS The Company sponsors the NCM 401(k) Profit Sharing Plan (the “Plan”) under Section 401(k) of the Internal Revenue Code of 1986, as amended, for the benefit of substantially all full-time employees. The Plan provides that participants may contribute up to 20% of their compensation, subject to Internal Revenue Service limitations. Employee contributions are invested in various investment funds based upon election made by the employee. The Company made discretionary contributions of $1.0 million, $1.0 million and $0.9 million during the years ended December 26, 2013, December 27, 2012 and December 29, 2011, respectively.

Commitments And Contingencies

12 Months Ended

Dec. 26, 2013

Commitments And Contingencies

13.COMMITMENTS AND CONTINGENCIES

Legal Actions—The Company is subject to claims and legal actions in the ordinary course of business. The Company believes such claims will not have a material effect on its financial position or results of operations.

Operating Commitments— The Company leases office facilities for its headquarters in Centennial, Colorado and also in various cities for its sales and marketing and software development personnel. Total lease expense for the years ended December 26, 2013, December 27, 2012 and December 29, 2011, was $2.3 million, $2.3 million and $2.3 million, respectively. Future minimum lease payments under noncancelable operating leases as of December 26, 2013 are as follows (in millions):


Year		Minimum Lease Payments
2014	$	2.6
2015		2.6
2016		2.6
2017		2.0
2018		1.7
Thereafter		4.1
Total	$	15.6

Minimum Revenue Guarantees—As part of the network affiliate agreements entered in the ordinary course of business under which the Company sells advertising for display in various network affiliate theatre chains, the Company has agreed to certain minimum revenue guarantees on a per attendee basis. If a network affiliate achieves the attendance set forth in their respective agreement, the Company has guaranteed minimum revenue for the network affiliate per attendee if such amount paid under the revenue share arrangement is less than its guaranteed amount. The amount and term varies for each network affiliate, but terms range from three to 20 years, prior to any renewal periods of which some are at the option of the Company. The maximum potential amount of future payments the Company could be required to make pursuant to the minimum revenue guarantees is $42.4 million over the remaining terms of the network affiliate agreements. As of December 26, 2013 and December 27, 2012, the Company had no liabilities recorded for these obligations as such guarantees are less than the expected share of revenue paid to the affiliate.

Fair Value Measurement

12 Months Ended

Dec. 26, 2013

Fair Value Measurement [Abstract]

Fair Value Measurement

14.FAIR VALUE MEASUREMENTS

Non-Recurring Measurements—Certain assets are measured at fair value on a non-recurring basis. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances. These assets include long-lived assets, intangible assets, cost and equity method investments, notes receivable and borrowings.

Long-Lived Assets, Intangible Assets, Other Investments and Notes Receivable —As described in Note 1— Basis of Presentation and Summary of Significant Accounting Policies, the Company regularly reviews long-lived assets (primarily property, plant and equipment), intangible assets, investments accounted for under the cost or equity method and notes receivable for impairment whenever events or changes in circumstances indicate that the carrying amounts of the assets may not be fully recoverable. When the estimated fair value is determined to be lower than the carrying value of the asset, an impairment charge is recorded to write the asset down to its estimated fair value.

As of December 26, 2013 and December 27, 2012, the Company had other investments of $1.1 million and $0.8 million, respectively. These investments are generally valued using comparative market multiples. As the inputs to the determination of fair value are based upon non-identical assets and use significant unobservable inputs, we have classified the assets as Level 3 in the fair value hierarchy.

As of December 26, 2013, the Company had notes receivable totaling $25.0 million from its founding members related to the sale of Fathom Events, as described in Note 2 – Divestiture. These notes were valued using comparative market multiples and are classified as Level 3 in the fair value hierarchy as the inputs to the determination of fair value are based upon non-identical assets and use significant unobservable inputs.

Borrowings— The carrying amount of the revolving credit facility is considered a reasonable estimate of fair value due to its floating-rate terms. The estimated fair values of the Company’s financial instruments where carrying values do not approximate fair value are as follows (in millions):



	As of December 26, 2013				As of December 27, 2012
($ in millions)	Carrying Value		Fair Value (1)		Carrying Value		Fair Value (1)
Term Loans	$	270.0	$	269.5	$	265.0	$	265.8
Senior Unsecured Notes		200.0		220.4		200.0		222.0
Senior Secured Notes		400.0		414.0		400.0		425.5

___________

(1)

The Company has estimated the fair value on an average of at least two non-binding broker quotes and the Company’s analysis. If the Company were to measure the borrowings in the above table at fair value on the balance sheet they would be classified as Level 2.

Recurring Measurements—The fair values of the Company’s assets and liabilities measured on a recurring basis pursuant to ASC 820-10 Fair Value Measurements and Disclosures are as follows (in millions):



			Fair Value Measurements at Reporting Date Using
	As of December 26, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
ASSETS:
Cash equivalents (1)	$	28.3	$	-	$	28.3	$	-
Short-term marketable securities (2)		71.3		4.5		66.8		-
Total assets	$	99.6	$	4.5	$	95.1	$	-



			Fair Value Measurements at Reporting Date Using
	As of December 27, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
ASSETS:
Cash equivalents (1)	$	50.2	$	6.2	$	44.0	$	-
Short-term marketable securities (2)		34.2		3.0		31.2		-
Total assets	$	84.4	$	9.2	$	75.2	$	-

(1)

Cash Equivalents— The Company’s cash equivalents are carried at estimated fair value. Cash equivalents consist of money market accounts which the Company has classified as Level 1 given the active market for these accounts and commercial paper with original maturities of three months or less, which are classified as Level 2 and are valued as described below.

(2)

Short-Term Marketable Securities— The carrying amount and fair value of the marketable securities are equivalent since the Company accounts for these instruments at fair value. The Company’s government agency bonds and commercial paper are valued using third party broker quotes. The value of the Company’s government agency bonds is derived from quoted market information. The inputs in the valuation are generally classified as Level 1 given the active market for these securities; however if an active market does not exist, the inputs are recorded at a lower level in the fair value hierarchy. The value of commercial paper is derived from pricing models using inputs based upon market information, including contractual terms, market prices and yield curves. The inputs to the valuation pricing models are observable in the market, and as such are generally classified as Level 2 in the fair value hierarchy. For the years ended December 26, 2013 and December 27, 2012, there was an inconsequential amount of net realized gains (losses) recognized in interest income and an inconsequential amount of net unrealized holding gains (losses) included in other comprehensive income. Original cost of short term marketable securities is based on the specific identification method. As of December 26, 2013 and December 27, 2012, there were no gross unrealized losses related to individual securities that had been in a continuous loss position for 12 months or longer.

The amortized cost basis, aggregate fair value and maturities of the marketable securities the Company held as of December 26, 2013 and December 27, 2012 are as follows:



	As of December 26, 2013
	Amortized Cost Basis (in millions)		Aggregate Fair Value (in millions)		Maturities (1) (in years)
MARKETABLE SECURITIES:
Short-term municipal	$	4.5	$	4.5	0.2
Short-term commercial paper:
Financial		50.3		50.3	0.3
Industrial		8.8		8.8	0.1
Utility		7.7		7.7	0.1
Total marketable securities	$	71.3	$	71.3


.
	As of December 27, 2012
	Amortized Cost Basis (in millions)		Aggregate Fair Value (in millions)		Maturities (1) (in years)
MARKETABLE SECURITIES:
Short-term U.S. government agency bonds	$	3.0	$	3.0	0.7
Short-term commercial paper:
Financial		25.1		25.1	0.2
Industrial		5.1		5.1	0.3
Municipal		1.0		1.0	-
Total marketable securities	$	34.2	$	34.2

(1)

Maturities— Securities available for sale include obligations with various contractual maturity dates some of which are greater than one year. The Company considers the securities to be liquid and convertible to cash within 30 days. The Company has the ability and intent to liquidate any security that the Company holds to fund operations over the next twelve months if necessary and as such has classified these securities as short-term.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Derivative Instruments And Hedging Activities [Abstract]

Derivative Instruments And Hedging Activities

12 Months Ended

Dec. 26, 2013

Derivative Instruments And Hedging Activities

15.DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

During 2012, NCM LLC terminated interest rate swap agreements that were used to hedge its interest rate risk associated with its term loans. Following the termination of the swap agreements, the variable interest rate on NCM LLC’s $270.0 million term loans are unhedged and as of December 26, 2013 and December 27, 2012, the Company did not have any outstanding derivative assets or liabilities.

During the year ended December 27, 2012, NCM LLC paid breakage fees of $63.4 million which represented the settlement of NCM LLC’s loss position on its interest rate swap agreements. The swaps were terminated with NCM LLC in a loss position and therefore, NCM LLC paid its counterparties the outstanding amounts due based upon the fair market value on that date. The Company accounted for the $63.4 million in payments by recording a loss on swap terminations of $26.7 million in the Consolidated Statements of Income, which related to swaps that hedged the interest payments on debt that was paid off during NCM LLC’s refinancing. Since those future interest payments were no longer probable of occurring, the Company discontinued hedge accounting and immediately reclassified the balance in Accumulated Other Comprehensive Income (“AOCI”) of $26.7 million into earnings in accordance with ASC 815 Derivatives and Hedging (“ASC 815”). The remainder of the breakage fees, or $36.7 million, was for swaps in which the underlying debt remained outstanding. The balance in AOCI related to these swaps was fixed and is being amortized into earnings over the remaining life of the original interest rate swap agreement, or February 13, 2015, as long as the debt remains outstanding. The Company considered the guidance in ASC 815 which states that amounts in AOCI shall be reclassified into earnings in the same period or periods during which the hedged forecasted transaction affects earnings. As of December 26, 2013, there was approximately $11.6 million outstanding related to these discontinued cash flow hedges which continues to be reported in AOCI. The Company estimates approximately $10.0 million will be amortized to earnings in the next twelve months.

During the years ended December 27, 2012 and December 29, 2011, the Company also recorded changes in the fair value and amortization of AOCI related to an interest rate swap on its term loan in which the Company discontinued cash flow hedge accounting in 2008 due to the bankruptcy of its counterparty.

The effect of derivative instruments in cash flow hedge relationships on the audited Consolidated Financial Statements for the years ended December 26, 2013, December 27, 2012 and December 29, 2011 were as follows (in millions):



	Unrealized Gain Recognized in NCM, Inc.’s Other Comprehensive Income (Pre-tax)						Realized Loss Recognized in Interest on Borrowings (Pre-tax)
	Years Ended						Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011		December 26, 2013		December 27, 2012		December 29, 2011
Interest Rate Swaps	$	10.3	$	26.0	$	(18.1)	$	-	$	(9.1)	$	(19.5)

The effect of derivatives not designated as hedging instruments under ASC 815 on the audited Consolidated Financial Statements for the years ended December 26, 2013, December 27, 2012 and December 29, 2011 were as follows (in millions):



		Gain (Loss) Recognized in Non-Operating Expenses (Pre-tax)
		Years Ended
Derivative Instruments not Designated as Hedging Instruments	Income Statement Location	December 26, 2013		December 27, 2012			December 29, 2011
Realized loss on derivative instruments	Interest on borrowings	$	-	$	(5.1)	$	(6.5)
Gain from change in fair value on cash flow hedges	Change in derivative fair value		-		3.0		-
Amortization of AOCI on discontinued cash flow hedges	Amortization of terminated derivatives		(10.3)		(4.0)		(1.3)
Total		$	(10.3)	$	(6.1)	$	(7.8)

The changes in AOCI by component for the year ended December 26, 2013 were as follows (in millions):



		Year Ended
		December 26, 2013	Income Statement Location
Balance at beginning of period	$	(6.7)
Amounts reclassified from AOCI:
Amortization on discontinued cash flow hedges		10.3	Amortization of terminated derivatives
Total amounts reclassified from AOCI		10.3
Noncontrolling interest on reclassifications		(5.6)
Tax effect on reclassifications		(1.8)
Net other comprehensive income		2.9
Impact of subsidiary ownership changes		0.6
Balance at end of period	$	(3.2)

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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Segment Reporting

12 Months Ended

Dec. 26, 2013

Segment Reporting [Abstract]

Segment Reporting

16. SEGMENT REPORTING

Advertising revenue accounted for 92.1%, 91.2% and 88.7%, of consolidated revenue for the years ended December 26, 2013, December 27, 2012 and December 29, 2011, respectively. The following table presents revenue, less directly identifiable expenses to arrive at income before income taxes for the advertising reportable segment, the combined Fathom Events operating segments, and network, administrative and unallocated costs. Refer to Note 1- Basis of Presentation and Summary of Significant Accounting Policies.



	Year Ended December 26, 2013 (in millions)
	Advertising		Fathom Events		Network, Administrative and Unallocated Costs		Consolidated
Revenue	$	426.3	$	36.5	$	-	$	462.8
Operating costs		98.4		25.5		19.4		143.3
Selling and marketing costs		56.1		3.6		1.8		61.5
Administrative and other costs		2.9		0.9		25.6		29.4
Depreciation and amortization		-		-		26.6		26.6
Interest and other non-operating costs		-		-		52.0		52.0
Income (loss) before income taxes	$	268.9	$	6.5	$	(125.4)	$	150.0



	Year Ended December 27, 2012 (in millions)
	Advertising		Fathom Events		Network, Administrative and Unallocated Costs		Consolidated
Revenue	$	409.5	$	39.3	$	-	$	448.8
Operating costs		95.8		29.0		19.8		144.6
Selling and marketing costs		53.9		4.2		2.4		60.5
Administrative and other costs		2.6		0.8		28.1		31.5
Depreciation and amortization		-		-		20.4		20.4
Interest and other non-operating costs		-		-		99.8		99.8
Income (loss) before income taxes	$	257.2	$	5.3	$	(170.5)	$	92.0



	Year Ended December 29, 2011 (in millions)
	Advertising		Fathom Events		Network, Administrative and Unallocated Costs		Consolidated
Revenue	$	386.2	$	49.2	$	-	$	435.4
Operating costs		80.0		34.1		18.6		132.7
Selling and marketing costs		49.2		7.9		2.7		59.8
Administrative and other costs		2.6		0.8		27.0		30.4
Depreciation and amortization		-		-		18.8		18.8
Interest and other non-operating costs		-		-		73.7		73.7
Income (loss) before income taxes	$	254.4	$	6.4	$	(140.8)	$	120.0

The following is a summary of revenue by category (in millions):



	Years Ended
	December 26, 2013		December 27, 2012			December 29, 2011
National advertising revenue	$	295.0	$	288.7	$	267.6
Local advertising revenue		89.9		81.1		80.6
Founding member advertising revenue from beverage concessionaire agreements		41.4		39.7		38.0
Fathom Consumer revenue		34.4		34.2		35.0
Fathom Business revenue		2.1		5.1		14.2
Total revenue	$	462.8	$	448.8	$	435.4

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Valuation And Qualifying Accounts [Abstract]

Valuation And Qualifying Accounts

12 Months Ended

Dec. 26, 2013

Valuation And Qualifying Accounts

17.VALUATION AND QUALIFYING ACCOUNTS

The Company’s valuation allowance for doubtful accounts and deferred tax assets for the years ended December 26, 2013, December 27, 2012 and December 29, 2011 were as follows (in millions):


		Years Ended
		December 26, 2013		December 27, 2012		December 29, 2011
ALLOWANCE FOR DOUBTFUL ACCOUNTS:
Balance at beginning of period	$	4.5	$	4.3	$	3.7
Provision for bad debt		2.1		1.2		2.1
Write-offs, net		(0.9)		(1.0)		(1.5)
Balance at end of period	$	5.7	$	4.5	$	4.3

VALUATION ALLOWANCE ON DEFERRED TAX ASSETS:
Balance at beginning of period	$	3.3	$	3.2	$	1.7
Valuation allowance (reversed) recorded		(3.3)		-		1.5
Adjustment		-		0.1		-
Balance at end of period	$	-	$	3.3	$	3.2

Quarterly Financial Data

12 Months Ended

Dec. 26, 2013

Quarterly Financial Data [Abstract]

Quarterly Financial Data

18.QUARTERLY FINANCIAL DATA (UNAUDITED)

The following represents selected information from the Company’s unaudited quarterly Consolidated Statements of Income for the years ended December 26, 2013 and December 27, 2012 (in millions, except per share data):


2013		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	82.2	$	122.8	$	135.1	$	122.7
Operating expenses		60.6		64.8		67.7		67.7
Operating income		21.6		58.0		67.4		55.0
Consolidated net income (4)		1.9		32.0		42.3		53.6
(Loss) Net income attributable to NCM, Inc. (4)		(1.0)		9.5		13.7		19.0
(Loss) Earnings per NCM, Inc. share, basic (1)(4)		(0.02)		0.17		0.24		0.35
(Loss) Earnings per NCM, Inc. share, diluted (1)(4)		(0.02)		0.17		0.24		0.34


2012		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	79.1	$	110.1	$	143.7	$	115.9
Operating expenses		62.1		64.8		65.6		64.5
Operating income		17.0		45.3		78.1		51.4
Consolidated net income (loss) (2)(3)		0.7		(0.9)		49.0		16.5
(Loss) Net income attributable to NCM, Inc. (2)(3)		(0.9)		(1.9)		16.7		(0.5)
(Loss) Earnings per NCM, Inc. share, basic (1)(2)(3)		(0.02)		(0.03)		0.31		(0.01)
(Loss) Earnings per NCM, Inc. share, diluted (1)(2)(3)		(0.02)		(0.03)		0.30		(0.01)

___________

(1)

Earnings per share in each quarter is computed using the weighted-average number of common shares outstanding during that quarter while earnings per share for the full year is computed using the weighted average number of common shares outstanding during the year.

(2)

During the second quarter of 2012, the Company recorded a loss of approximately $26.7 million related to partial swap terminations. Refer to Note 15- Derivative Instruments and Hedging Activities.

(3)

During the fourth quarter of 2012, the Company recorded adjustments to the measurement of the deferred tax assets and the long-term payable to the founding member liability’s expected net realized tax benefit. The net amount of these adjustments was $6.2 million. Refer to Note 7- Income Taxes.

(4)

During the fourth quarter of 2013, the Company recorded a gain of $25.4 million related to the sale of Fathom Events. Refer to Note 2—Divestiture.

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 26, 2013
Subsequent Events [Abstract]
Subsequent Events	19.SUBSEQUENT EVENTS On January 15, 2014, the Company declared a cash dividend of $0.22 per share (approximately $12.9 million) on each share of the Company’s common stock (not including outstanding restricted stock) to stockholders of record on March 6, 2014 to be paid on March 20, 2014. The Company also declared a special cash dividend on February 7, 2014 of $0.50 per share (approximately $29.3 million) on each share of the Company’s common stock (not including outstanding restricted stock) to stockholders of record on March 6, 2014 to be paid on March 20, 2014.

Basis Of Presentation And Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Dec. 26, 2013

Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]

Basis Of Presentation

Basis of Presentation

Estimates

Accounting Period


Fiscal Year Ended	Reference in this Document
December 26, 2013	2013
December 27, 2012	2012
December 29, 2011	2011

Cash And Cash Equivalents

Restricted Cash

Marketable Securities

Concentration Of Credit Risk And Significant Customers

Receivables consisted of the following (in millions):


	As of
	December 26, 2013		December 27, 2012
Trade accounts	$	124.5	$	101.8
Other		1.6		1.2
Less: Allowance for doubtful accounts		(5.7)		(4.5)
Total	$	120.4	$	98.5

Long-Lived Assets

Equipment.....................................................	4-10 years
Computer hardware and software.....................	3-5 years
Leasehold improvements.................................	Lesser of lease term or asset life

Intangible Assets

Other Investment

Other Investments— Other investments consisted of the following (in millions):



	As of
	December 26, 2013		December 27,2012
Investment in AC JV, LLC (1)	$	1.1	$	-
Other investment (2)		-		0.8
Total	$	1.1	$	0.8

(1)

(2)

Amounts Due To/From Founding Members

Income Taxes

Debt Issuance Costs

The changes in debt issuance costs are as follows (in millions):


	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Beginning balance	$	18.3	$	12.6	$	7.3
Debt issuance payments		3.4		14.0		9.1
Amortization of debt issuance costs		(2.8)		(2.4)		(2.3)
Write-off of debt issuance costs		(1.2)		(5.9)		(1.5)
Ending balance	$	17.7	$	18.3	$	12.6

Share-Based Compensation

Fair Value Measurements

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 3 – Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability.

Derivative Instruments

Consolidation

The table below presents the changes in NCM, Inc.’s equity resulting from net income attributable to NCM, Inc. and transfers to or from noncontrolling interests (in millions):



	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Net income attributable to NCM, Inc.	$	41.2	$	13.4	$	31.5
NCM LLC equity issued for purchase of intangible asset		101.4		4.9		(2.7)
Income tax and other impacts of subsidiary ownership changes		(33.2)		1.9		(13.7)
NCM, Inc. investment in NCM LLC		(41.3)		-		-
Issuance of shares		41.1		-		-
Change from net income attributable to NCM, Inc. and transfers from noncontrolling interests	$	109.2	$	20.2	$	15.1

Recent Accounting Pronouncements

Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 26, 2013

Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]

Schedule Of Fiscal Year Ends


Fiscal Year Ended	Reference in this Document
December 26, 2013	2013
December 27, 2012	2012
December 29, 2011	2011

Schedule Of Receivables


	As of
	December 26, 2013		December 27, 2012
Trade accounts	$	124.5	$	101.8
Other		1.6		1.2
Less: Allowance for doubtful accounts		(5.7)		(4.5)
Total	$	120.4	$	98.5

Schedule Of Useful Lives

Equipment.....................................................	4-10 years
Computer hardware and software.....................	3-5 years
Leasehold improvements.................................	Lesser of lease term or asset life

Schedule Of Other Investments


	As of
	December 26, 2013		December 27,2012
Investment in AC JV, LLC (1)	$	1.1	$	-
Other investment (2)		-		0.8
Total	$	1.1	$	0.8

(1)

(2)

Changes In Debt Issuance Costs


	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Beginning balance	$	18.3	$	12.6	$	7.3
Debt issuance payments		3.4		14.0		9.1
Amortization of debt issuance costs		(2.8)		(2.4)		(2.3)
Write-off of debt issuance costs		(1.2)		(5.9)		(1.5)
Ending balance	$	17.7	$	18.3	$	12.6

Changes In Equity



	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Net income attributable to NCM, Inc.	$	41.2	$	13.4	$	31.5
NCM LLC equity issued for purchase of intangible asset		101.4		4.9		(2.7)
Income tax and other impacts of subsidiary ownership changes		(33.2)		1.9		(13.7)
NCM, Inc. investment in NCM LLC		(41.3)		-		-
Issuance of shares		41.1		-		-
Change from net income attributable to NCM, Inc. and transfers from noncontrolling interests	$	109.2	$	20.2	$	15.1

Divestiture (Tables)

12 Months Ended

Dec. 26, 2013

Related Party [Member]

Schedule Of Future Minimum Payments For Notes Receivable


Year		Minimum Principal Payments
2014	$	4.2
2015		4.2
2016		4.2
2017		4.2
2018		4.1
Thereafter		4.1
Total	$	25.0

Earnings Per Share (Tables)

12 Months Ended

Dec. 26, 2013

Earnings Per Share [Abstract]

Schedule Of Earnings Per Share, Basic And Diluted


	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Net income attributable to NCM, Inc. (in millions)	$	41.2	$	13.4	$	31.5
Weighted average shares outstanding:
Basic		56,014,404		54,377,135		53,864,243
Add: Dilutive effect of stock options and restricted stock		614,053		649,636		770,454
Diluted		56,628,457		55,026,771		54,634,697
Earnings per NCM, Inc. share:
Basic	$	0.74	$	0.25	$	0.58
Diluted	$	0.73	$	0.24	$	0.58

Property And Equipment (Tables)

12 Months Ended

Dec. 26, 2013

Property And Equipment [Abstract]

Summary Of Property And Equipment



	As of December 26, 2013		As of December 27, 2012
Equipment, computer hardware and software	$	90.2	$	84.3
Leasehold improvements		3.6		3.4
Less: Accumulated depreciation		(69.5)		(63.1)
Subtotal		24.3		24.6
Construction in progress		1.3		1.1
Total property and equipment	$	25.6	$	25.7

Intangible Assets (Tables)

12 Months Ended

Dec. 26, 2013

Intangible Assets [Abstract]

Summary Of Intangible Assets


		As of December 27, 2012		Additions (1)		Amortization		Integration Payments (2)		As of December 26, 2013
Gross carrying amount	$	312.8	$	230.7	$	-	$	(2.8)	$	540.7
Accumulated amortization		(32.5)		-		(16.2)		-		(48.7)
Total intangible assets, net	$	280.3	$	230.7	$	(16.2)	$	(2.8)	$	492.0


		As of December 29, 2011		Additions (3)		Amortization		Integration Payments		As of December 27, 2012
Gross carrying amount	$	295.7	$	17.1	$	-	$	-	$	312.8
Accumulated amortization		(20.8)		-		(11.7)		-		(32.5)
Total intangible assets, net	$	274.9	$	17.1	$	(11.7)	$	-	$	280.3

_________

(1)

During 2013, the Company purchased intangible assets for $8.9 million associated with network affiliate agreements.

(2)

(3)

During 2012, the Company purchased intangible assets for $7.2 million associated with network affiliate agreements.

Summary Of Estimated Aggregate Amortization Expense


Year		Amortization
2014	$	20.2
2015	$	20.3
2016	$	20.3
2017	$	20.6
2018	$	21.5

Accrued Expenses (Tables)

12 Months Ended

Dec. 26, 2013

Accrued Expenses [Abstract]

Schedule Of Accrued Expenses



	As of December 26, 2013		As of December 27, 2012
Make-good reserve	$	1.8	$	1.2
Accrued interest		12.7		12.9
Deferred rent		2.6		2.8
Other accrued expenses		2.6		1.6
Total accrued expenses	$	19.7	$	18.5

Income Taxes (Tables)

12 Months Ended

Dec. 26, 2013

Income Taxes [Abstract]

Schedule Of Components Of Income Tax Expense



	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Current:
Federal	$	3.6	$	(6.6)	$	6.2
State		1.9		(0.2)		0.7
Total current income tax expense/(benefit)	$	5.5	$	(6.8)	$	6.9
Deferred:
Federal	$	16.7	$	28.8	$	9.7
State		1.2		4.8		1.3
Total deferred income tax expense	$	17.9	$	33.6	$	11.0
Valuation allowance		(3.3)		(0.1)		1.5
Total income tax provision on consolidated statements of income	$	20.2	$	26.7	$	19.4
Income tax expense/(benefit) on other comprehensive income	$	1.8	$	(6.7)	$	0.3

Schedule Of The Reconciliation Of Provision For Income Taxes



	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
Provision calculated at federal statutory income tax rate:
Income before income taxes	$	52.1	$	32.2	$	42.0
Less: Noncontrolling interests		(30.9)		(18.2)		(24.2)
Income attributable to NCM, Inc.		21.2		14.0		17.8
Out of period correction to enacted state rate		-		9.6		-
Current year change to enacted state rate		(1.2)		1.4		-
State and local income taxes, net of federal benefit		2.2		1.1		1.5
Change in valuation allowance		(3.3)		(0.1)		1.5
Other		1.3		0.7		(1.4)
Total income tax provision	$	20.2	$	26.7	$	19.4

Schedule Of Components Of Deferred Tax Assets And Liabilities



	Years Ended
	December 26, 2013		December 27, 2012
Deferred tax assets:
Investment in consolidated subsidiary NCM LLC (1)(2)(4)	$	233.4	$	252.0
Stock based compensation		6.6		9.2
Derivative instruments		2.1		4.1
Other		6.3		7.2
Total deferred tax assets		248.4		272.5
Valuation allowance		-		(3.3)
Total deferred tax assets, net of valuation allowance	$	248.4	$	269.2

Deferred tax liabilities:
Discount on liability for income taxes payable to founding members under tax sharing agreement (3)(4)	$	53.3	$	51.3
Depreciation and amortization		3.4		3.8
Derivative instruments		2.2		4.2
Notes receivable		2.7		-
Other		0.3		0.2
Total deferred tax liabilities	$	61.9	$	59.5

(1)

(2)

(3)

(4)

Related-Party Transactions (Tables)

12 Months Ended

Dec. 26, 2013

Schedule Of Mandatory Distributions To Members



	Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011
AMC	$	29.8	$	23.1	$	25.3
Cinemark		36.9		24.2		25.5
Regal		37.1		29.5		32.2
NCM, Inc.		89.6		72.8		78.7
Total	$	193.4	$	149.6	$	161.7

Schedule Of Amounts Due To Founding Members

Amounts due to founding members as of December 26, 2013 were comprised of the following (in millions):



	AMC		Cinemark		Regal		Total
Theatre access fees, net of beverage revenues	$	0.6		0.7		1.1	$	2.4
Cost and other reimbursement		(2.0)		(0.7)		(0.6)		(3.3)
Distributions payable		8.7		10.9		11.4		31.0
Total	$	7.3	$	10.9	$	11.9	$	30.1

Amounts due to founding members as of December 27, 2012 were comprised of the following (in millions):



	AMC		Cinemark		Regal		Total
Theatre access fees, net of beverage revenues	$	0.6	$	0.6	$	0.9	$	2.1
Cost and other reimbursement		(1.1)		(0.7)		(1.4)		(3.2)
Distributions payable, net		6.3		6.6		8.0		20.9
Total	$	5.8	$	6.5	$	7.5	$	19.8

Founding Member And Managing Member [Member]

Schedule Of Related Party Transactions


	Years Ended
Included in the Consolidated Statements of Income:	December 26, 2013		December 27, 2012		December 29, 2011
Revenue:
Beverage concessionaire revenue (included in Advertising revenue) (1)	$	41.4	$	39.7	$	38.0
Advertising inventory revenue (included in Advertising revenue) (2)		0.2		0.2		0.2
Operating expenses:
Theatre access fee (3)		69.4		64.5		55.4
Revenue share from Fathom Events (included in Fathom Events operating costs) (4)		5.1		5.5		8.3
Purchase of movie tickets and concession products (included in Fathom Events operating costs) (5)		0.2		0.4		1.0
Purchase of movie tickets and concession products (included in Selling and marketing costs) (5)		1.4		1.1		1.1
Purchase of movie tickets and concession products (included in Advertising operating costs) (5)		0.2		-		-
Non-operating expenses:
Gain on sale of Fathom Events (6)		25.4		-		-

(1)

(2)

The value of such purchases is calculated by reference to NCM LLC’s advertising rate card.

(3)

(4)

These payments are at rates (percentage of event revenue) included in the ESAs based on the nature of the event.

(5)

Used primarily for marketing to NCM LLC’s advertising clients and marketing resale to Fathom Events customers.

(6)

Refer to discussion of Fathom sale in Note 2- Divestiture.



Included in the Consolidated Balance Sheets:	December 26, 2013		December 27, 2012
Current portion of note receivable - founding members (1)		4.2		-
Long-term portion of note receivable - founding members (1)		20.8		-
Investment in AC JV, LLC (2)		1.1		-
Common unit adjustments and integration payments, net of amortization (included in Intangible assets)		463.4		258.7
Current payable to founding members under tax sharing agreement		28.6		19.6
Long-term payable to founding members under tax sharing agreement		144.0		137.5

(1)

Refer to discussion of Fathom sale in Note 2- Divestiture.

(2)

Refer to Note 1—Basis of Presentation and Summary of Significant Accounting Policies.

Related Party Affiliates [Member]

Schedule Of Related Party Transactions

The following is a summary of advertising operating costs in the Consolidated Statements of Income between the Company and its related party affiliates (in millions):




	Years Ended
Related Party Affiliate	December 26, 2013		December 27, 2012			December 29, 2011
Starplex (1)	$	2.9	$	3.2	$	2.9
Other (2)		0.5		1.0		0.5
Total	$	3.4	$	4.2	$	3.4

The following is a summary of the accounts payable balance between the Company and its related party affiliates included in the Consolidated Balance Sheets (in millions):




Related Party Affiliate	As of December 26, 2013		As of December 27, 2012
Starplex (1)	$	0.7	$	0.7
Other (2)		0.1		0.2
Total	$	0.8	$	0.9

(1)

Starplex Operating L.P. (“Starplex”) is an affiliate of one of NCM, Inc.’s directors.

(2)

Other affiliates include LA Live Cinemas LLC (“LA Live”), an affiliate of Regal, and Texas Cinemas, Corp., an affiliate of one of NCM, Inc.’s directors.

Borrowings (Tables)

12 Months Ended

Dec. 26, 2013

Borrowings [Abstract]

Schedule Of Outstanding Debt



	Outstanding Balance as of
Borrowings ($ in millions)	December 26, 2013		December 27, 2012		Maturity Date		Interest Rate
Revolving Credit Facility	$	20.0	$	14.0	November 26, 2017	(1)	(2)
Term Loans		270.0		265.0	November 26, 2019		(2)
Senior Unsecured Notes		200.0		200.0	July 15, 2021		7.875%
Senior Secured Notes		400.0		400.0	April 15, 2022		6.000%
Total	$	890.0	$	879.0
Less: current portion of long-term debt		(14.0)		-
Long-term debt, less current portion	$	876.0	$	879.0

(1)A portion of the revolving credit facility has a maturity date of December 31, 2014, as described in further detail below.

(2)The interest rates on the revolving credit facility and term loan are described below.

Schedule Of Annual Maturities On Credit Facility And Senior Notes


Year		Amount
2014	$	14.0
2015		-
2016		-
2017		6.0
2018		-
Thereafter		870.0
Total	$	890.0

Share-Based Compensation (Tables)

12 Months Ended

Dec. 26, 2013

Share-Based Compensation [Abstract]

Summary Of Equity Incentive Plan Activity


	Options		Weighted Average Exercise Price	Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value (in millions)
Outstanding as of December 27, 2012	4,984,952	$	16.13
Granted	-		-
Exercised	(1,488,059)		13.69
Forfeited	(333,530)		17.75
Expired	(106,781)		19.79
Outstanding as of December 26, 2013	3,056,582	$	17.02	6.8	$	9.6
Exercisable as of December 26, 2013	2,325,589	$	17.47	6.6	$	6.3
Vested and expected to vest as of December 26, 2013	3,044,836	$	17.02	6.8	$	9.5

Summary Of Valuation Assumptions


	Years Ended
	December 26, 2013	December 27, 2012	December 29, 2011
Expected term (in years)	(1)	6.0	6.0
Risk free interest rate	(1)	0.8%-1.1%	1.2%-2.4%
Expected volatility	(1)	53.2%-54.6%	30.0%-53.6%
Dividend yield	(1)	5.5%	3.8%-4.0%

(1) The Company did not grant stock options during the year ended December 26, 2013.

Schedule Of Non-Vested Stock


	Number of Restricted Shares and Restricted Stock Units		Weighted Average Grant-Date Fair Value
Non-vested balance as of December 27, 2012	1,707,128	$	15.30
Granted	918,548		15.17
Vested	(360,528)		16.88
Forfeited	(190,282)		15.95
Non-vested balance as of December 26, 2013	2,074,866	$	14.91

Commitments And Contingencies (Tables)

12 Months Ended

Dec. 26, 2013

Commitments And Contingencies [Abstract]

Schedule Of Minimum Lease Payments Under Noncancelable Operating Leases


Year		Minimum Lease Payments
2014	$	2.6
2015		2.6
2016		2.6
2017		2.0
2018		1.7
Thereafter		4.1
Total	$	15.6

Fair Value Measurement (Tables)

12 Months Ended

Dec. 26, 2013

Fair Value Measurement [Abstract]

Estimated Fair Values Of Company's Financial Instruments



	As of December 26, 2013				As of December 27, 2012
($ in millions)	Carrying Value		Fair Value (1)		Carrying Value		Fair Value (1)
Term Loans	$	270.0	$	269.5	$	265.0	$	265.8
Senior Unsecured Notes		200.0		220.4		200.0		222.0
Senior Secured Notes		400.0		414.0		400.0		425.5

___________

(1)

Fair Values Of The Company's Assets And Liabilities



			Fair Value Measurements at Reporting Date Using
	As of December 26, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
ASSETS:
Cash equivalents (1)	$	28.3	$	-	$	28.3	$	-
Short-term marketable securities (2)		71.3		4.5		66.8		-
Total assets	$	99.6	$	4.5	$	95.1	$	-



			Fair Value Measurements at Reporting Date Using
	As of December 27, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
ASSETS:
Cash equivalents (1)	$	50.2	$	6.2	$	44.0	$	-
Short-term marketable securities (2)		34.2		3.0		31.2		-
Total assets	$	84.4	$	9.2	$	75.2	$	-

(1)

(2)

Schedule Of Marketable Securities


	As of December 26, 2013
	Amortized Cost Basis (in millions)		Aggregate Fair Value (in millions)		Maturities (1) (in years)
MARKETABLE SECURITIES:
Short-term municipal	$	4.5	$	4.5	0.2
Short-term commercial paper:
Financial		50.3		50.3	0.3
Industrial		8.8		8.8	0.1
Utility		7.7		7.7	0.1
Total marketable securities	$	71.3	$	71.3


.
	As of December 27, 2012
	Amortized Cost Basis (in millions)		Aggregate Fair Value (in millions)		Maturities (1) (in years)
MARKETABLE SECURITIES:
Short-term U.S. government agency bonds	$	3.0	$	3.0	0.7
Short-term commercial paper:
Financial		25.1		25.1	0.2
Industrial		5.1		5.1	0.3
Municipal		1.0		1.0	-
Total marketable securities	$	34.2	$	34.2

(1)

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

Derivative Instruments And Hedging Activities [Abstract]

Derivative Instruments And Hedging Activities (Tables)

12 Months Ended

Dec. 26, 2013

Schedule Of The Effect Of Derivatives On The Financial Statements



	Unrealized Gain Recognized in NCM, Inc.’s Other Comprehensive Income (Pre-tax)						Realized Loss Recognized in Interest on Borrowings (Pre-tax)
	Years Ended						Years Ended
	December 26, 2013		December 27, 2012		December 29, 2011		December 26, 2013		December 27, 2012		December 29, 2011
Interest Rate Swaps	$	10.3	$	26.0	$	(18.1)	$	-	$	(9.1)	$	(19.5)

Schedule Of The Effect Of Derivatives Not Designated As Hedging Instruments On The Financial Statements



		Gain (Loss) Recognized in Non-Operating Expenses (Pre-tax)
		Years Ended
Derivative Instruments not Designated as Hedging Instruments	Income Statement Location	December 26, 2013		December 27, 2012			December 29, 2011
Realized loss on derivative instruments	Interest on borrowings	$	-	$	(5.1)	$	(6.5)
Gain from change in fair value on cash flow hedges	Change in derivative fair value		-		3.0		-
Amortization of AOCI on discontinued cash flow hedges	Amortization of terminated derivatives		(10.3)		(4.0)		(1.3)
Total		$	(10.3)	$	(6.1)	$	(7.8)

Schedule Of Changed In AOCI By Component



		Year Ended
		December 26, 2013	Income Statement Location
Balance at beginning of period	$	(6.7)
Amounts reclassified from AOCI:
Amortization on discontinued cash flow hedges		10.3	Amortization of terminated derivatives
Total amounts reclassified from AOCI		10.3
Noncontrolling interest on reclassifications		(5.6)
Tax effect on reclassifications		(1.8)
Net other comprehensive income		2.9
Impact of subsidiary ownership changes		0.6
Balance at end of period	$	(3.2)

Segment Reporting (Tables)

12 Months Ended

Dec. 26, 2013

Segment Reporting [Abstract]

Schedule Of Segment Operating Income



	Year Ended December 26, 2013 (in millions)
	Advertising		Fathom Events		Network, Administrative and Unallocated Costs		Consolidated
Revenue	$	426.3	$	36.5	$	-	$	462.8
Operating costs		98.4		25.5		19.4		143.3
Selling and marketing costs		56.1		3.6		1.8		61.5
Administrative and other costs		2.9		0.9		25.6		29.4
Depreciation and amortization		-		-		26.6		26.6
Interest and other non-operating costs		-		-		52.0		52.0
Income (loss) before income taxes	$	268.9	$	6.5	$	(125.4)	$	150.0



	Year Ended December 27, 2012 (in millions)
	Advertising		Fathom Events		Network, Administrative and Unallocated Costs		Consolidated
Revenue	$	409.5	$	39.3	$	-	$	448.8
Operating costs		95.8		29.0		19.8		144.6
Selling and marketing costs		53.9		4.2		2.4		60.5
Administrative and other costs		2.6		0.8		28.1		31.5
Depreciation and amortization		-		-		20.4		20.4
Interest and other non-operating costs		-		-		99.8		99.8
Income (loss) before income taxes	$	257.2	$	5.3	$	(170.5)	$	92.0



	Year Ended December 29, 2011 (in millions)
	Advertising		Fathom Events		Network, Administrative and Unallocated Costs		Consolidated
Revenue	$	386.2	$	49.2	$	-	$	435.4
Operating costs		80.0		34.1		18.6		132.7
Selling and marketing costs		49.2		7.9		2.7		59.8
Administrative and other costs		2.6		0.8		27.0		30.4
Depreciation and amortization		-		-		18.8		18.8
Interest and other non-operating costs		-		-		73.7		73.7
Income (loss) before income taxes	$	254.4	$	6.4	$	(140.8)	$	120.0

Summary Of Revenue By Category



	Years Ended
	December 26, 2013		December 27, 2012			December 29, 2011
National advertising revenue	$	295.0	$	288.7	$	267.6
Local advertising revenue		89.9		81.1		80.6
Founding member advertising revenue from beverage concessionaire agreements		41.4		39.7		38.0
Fathom Consumer revenue		34.4		34.2		35.0
Fathom Business revenue		2.1		5.1		14.2
Total revenue	$	462.8	$	448.8	$	435.4

Valuation And Qualifying Accounts (Tables)

12 Months Ended

Dec. 26, 2013

Valuation And Qualifying Accounts [Abstract]

Schedule Of Valuation And Qualifying Accounts


		Years Ended
		December 26, 2013		December 27, 2012		December 29, 2011
ALLOWANCE FOR DOUBTFUL ACCOUNTS:
Balance at beginning of period	$	4.5	$	4.3	$	3.7
Provision for bad debt		2.1		1.2		2.1
Write-offs, net		(0.9)		(1.0)		(1.5)
Balance at end of period	$	5.7	$	4.5	$	4.3

VALUATION ALLOWANCE ON DEFERRED TAX ASSETS:
Balance at beginning of period	$	3.3	$	3.2	$	1.7
Valuation allowance (reversed) recorded		(3.3)		-		1.5
Adjustment		-		0.1		-
Balance at end of period	$	-	$	3.3	$	3.2

Quarterly Financial Data (Tables)

12 Months Ended

Dec. 26, 2013

Quarterly Financial Data [Abstract]

Schedule Of Quarterly Financial Data

2013		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	82.2	$	122.8	$	135.1	$	122.7
Operating expenses		60.6		64.8		67.7		67.7
Operating income		21.6		58.0		67.4		55.0
Consolidated net income (4)		1.9		32.0		42.3		53.6
(Loss) Net income attributable to NCM, Inc. (4)		(1.0)		9.5		13.7		19.0
(Loss) Earnings per NCM, Inc. share, basic (1)(4)		(0.02)		0.17		0.24		0.35
(Loss) Earnings per NCM, Inc. share, diluted (1)(4)		(0.02)		0.17		0.24		0.34


2012		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	79.1	$	110.1	$	143.7	$	115.9
Operating expenses		62.1		64.8		65.6		64.5
Operating income		17.0		45.3		78.1		51.4
Consolidated net income (loss) (2)(3)		0.7		(0.9)		49.0		16.5
(Loss) Net income attributable to NCM, Inc. (2)(3)		(0.9)		(1.9)		16.7		(0.5)
(Loss) Earnings per NCM, Inc. share, basic (1)(2)(3)		(0.02)		(0.03)		0.31		(0.01)
(Loss) Earnings per NCM, Inc. share, diluted (1)(2)(3)		(0.02)		(0.03)		0.30		(0.01)

___________

(1)

(2)

During the second quarter of 2012, the Company recorded a loss of approximately $26.7 million related to partial swap terminations. Refer to Note 15- Derivative Instruments and Hedging Activities.

(3)

(4)

During the fourth quarter of 2013, the Company recorded a gain of $25.4 million related to the sale of Fathom Events. Refer to Note 2—Divestiture.

Basis Of Presentation And Summary Of Significant Accounting Policies (Narrative) (Details)
$ in Millions

12 Months Ended

Dec. 26, 2013

USD ($)

customer

item

Dec. 27, 2012

USD ($)

customer

item

Dec. 29, 2011

USD ($)

customer

Dec. 30, 2010

USD ($)

Membership units exchangeable into common stock ratio

Revenue from barter transactions

$ 1.9

$ 3.0

$ 1.6

Expenses from barter transactions

2.9

1.3

$ 1.1

Restricted cash

$ 0.3

Number of advertising agency groups contributing to more than 10% of outstanding gross receivable balance | item

Number of customers contributing to more than 10% of revenue | customer

Net book value

$ 25.6

$ 25.7

Depreciation expense

10.4

8.7

$ 8.8

Research and development expense

1.8

0.8

0.9

Impairment of investment

0.8

0.0

6.7

Deferred financing costs

17.7

18.3

12.6

$ 7.3

Number of types of share-based compensation awards | item

^[1],[2]

$ 1.1

Cost method investments

^[3]

0.8

NCM, LLC. [Member]

NCM, LLC. [Member] | AC JV, LLC [Member]

126,974,805

4.00%

NCM Inc. [Member]

58,519,137

46.10%

Regal [Member]

25,404,393

Regal [Member] | AC JV, LLC [Member]

20.00%

32.00%

Cinemark [Member]

23,998,505

Cinemark [Member] | AC JV, LLC [Member]

18.90%

32.00%

AMC [Member]

19,052,770

AMC [Member] | AC JV, LLC [Member]

15.00%

Software And Development Costs [Member]

32.00%

Software And Development Costs [Member] | Minimum [Member]

Net book value

$ 10.9

10.4

Depreciation expense

$ 6.1

$ 4.1

$ 4.8

Software And Development Costs [Member] | Maximum [Member]

Estimated useful life

3 years

Estimated useful life

5 years

[1]	On December 26, 2013, NCM LLC sold its Fathom Events business into a newly formed limited liability company (AC JV, LLC) owned 32% by each of NCM LLC’s founding members and 4% by NCM LLC, as described further in Note 2- Divestiture. The Company accounted for its investment in AC JV, LLC under the equity method of accounting in accordance with ASC 970-323 Investments - Equity Method and Joint Ventures (“ASC 970-323”) because AC JV, LLC is a limited liability company with the characteristics of a limited partnership and ASC 970-323 requires the use of equity method accounting unless the Company’s interest is so minor that it would have virtually no influence over partnership operating and financial policies. The Company concluded that its interest was more than minor under the accounting guidance despite the fact that NCM LLC does not have a representative on AC JV, LLC’s Board of Directors or any voting, consent or blocking rights with respect to the governance or operations of AC JV, LLC. The Company’s proportional share of equity in the investment will be recorded in the Consolidated Statements of Income.
[2]	Refer to Note 1—Basis of Presentation and Summary of Significant Accounting Policies.
[3]	During 2011, the Company received equity securities in a privately held company as consideration for an advertising contract. The equity securities are accounted for under the cost method and represent an ownership interest of less than 20%. The Company does not exert significant influence over the company’s operating or financial activities. The Company recorded an impairment charge of $0.8 million during the year ended December 26, 2013 to bring the fair value to $0.0 million, as described below

Basis Of Presentation And Summary Of Significant Accounting Policies (Schedule Of Receivables) (Details) - USD ($) $ in Millions	Dec. 26, 2013	Dec. 27, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other	$ 1.6	$ 1.2
Less allowance for doubtful accounts	(5.7)	(4.5)
Total	120.4	98.5
Trade Accounts Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	$ 124.5	$ 101.8

Basis Of Presentation And Summary Of Significant Accounting Policies (Schedule Of Useful Lives) (Details)	12 Months Ended
	Dec. 26, 2013
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life description	Lesser of lease term or asset life
Minimum [Member] \| Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	4 years
Minimum [Member] \| Computer Hardware And Software [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Maximum [Member] \| Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Maximum [Member] \| Computer Hardware And Software [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years

Basis Of Presentation And Summary Of Significant Accounting Policies (Schedule Of Other Investments) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 26, 2013

Dec. 27, 2012

Dec. 29, 2011

Fair value of cost method investment

^[1],[2]

$ 1.1

Cost method investments

^[3]

$ 0.8

Total other investments

1.1

0.8

Impairment of investment

0.8

$ 0.0

$ 6.7

$ 0.0

[1]	On December 26, 2013, NCM LLC sold its Fathom Events business into a newly formed limited liability company (AC JV, LLC) owned 32% by each of NCM LLC’s founding members and 4% by NCM LLC, as described further in Note 2- Divestiture. The Company accounted for its investment in AC JV, LLC under the equity method of accounting in accordance with ASC 970-323 Investments - Equity Method and Joint Ventures (“ASC 970-323”) because AC JV, LLC is a limited liability company with the characteristics of a limited partnership and ASC 970-323 requires the use of equity method accounting unless the Company’s interest is so minor that it would have virtually no influence over partnership operating and financial policies. The Company concluded that its interest was more than minor under the accounting guidance despite the fact that NCM LLC does not have a representative on AC JV, LLC’s Board of Directors or any voting, consent or blocking rights with respect to the governance or operations of AC JV, LLC. The Company’s proportional share of equity in the investment will be recorded in the Consolidated Statements of Income.
[2]	Refer to Note 1—Basis of Presentation and Summary of Significant Accounting Policies.
[3]	During 2011, the Company received equity securities in a privately held company as consideration for an advertising contract. The equity securities are accounted for under the cost method and represent an ownership interest of less than 20%. The Company does not exert significant influence over the company’s operating or financial activities. The Company recorded an impairment charge of $0.8 million during the year ended December 26, 2013 to bring the fair value to $0.0 million, as described below

Basis Of Presentation And Summary Of Significant Accounting Policies (Changes In Debt Issuance Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Beginning Balance	$ 18.3	$ 12.6	$ 7.3
Debt issuance payments	3.4	14.0	9.1
Amortization of debt issuance costs	(2.8)	(2.4)	(2.3)
Write-off of debt issuance costs	(1.2)	(5.9)	(1.5)
Ending Balance	$ 17.7	$ 18.3	$ 12.6

Basis Of Presentation And Summary Of Significant Accounting Policies (Changes In Equity) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 26, 2013

^[1]

Sep. 26, 2013

^[1]

Jun. 27, 2013

^[1]

Mar. 28, 2013

^[1]

Dec. 27, 2012

^[2],[3]

Sep. 27, 2012

^[2],[3]

Jun. 28, 2012

^[2],[3]

Mar. 29, 2012

^[2],[3]

Dec. 26, 2013

Dec. 27, 2012

Dec. 29, 2011

Net income attributable to NCM, Inc.

$ 19.0

$ 13.7

$ 9.5

$ (1.0)

$ (0.5)

$ 16.7

$ (1.9)

$ (0.9)

$ 41.2

$ 13.4

$ 31.5

NCM LLC equity issued (returned) for purchase of intangible asset

221.6

10.1

(5.5)

Income tax and other impacts of NCM LLC ownership changes

(19.5)

2.9

(11.7)

NCM, Inc. Investment in NCM LLC, value

(41.3)

Issuance of shares, value

41.1

Change from net income attributable to NCM, Inc. and transfers from noncontrolling interests

109.2

20.2

15.1

Additional Paid In Capital (Deficit) [Member]

NCM LLC equity issued (returned) for purchase of intangible asset

101.4

4.9

(2.7)

Income tax and other impacts of NCM LLC ownership changes

(33.2)

$ 1.9

$ (13.7)

NCM, Inc. Investment in NCM LLC, value

(41.3)

Issuance of shares, value

$ 41.1

[1]	During the fourth quarter of 2013, the Company recorded a gain of $25.4 million related to the sale of Fathom Events. Refer to Note 2—Divestiture.
[2]	During the fourth quarter of 2012, the Company recorded adjustments to the measurement of the deferred tax assets and the long-term payable to the founding member liability’s expected net realized tax benefit. The net amount of these adjustments was $6.2 million. Refer to Note 7- Income Taxes.During the fourth quarter of 2013, the Company recorded a gain of $25.4 million related to the sale of Fathom Events.
[3]	During the second quarter of 2012, the Company recorded a loss of approximately $26.7 million related to partial swap terminations. Refer to Note 15- Derivative Instruments and Hedging Activities.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

Divestiture (Narrative) (Details)
$ in Millions

12 Months Ended

Dec. 26, 2013

USD ($)

Frequency of periodic payment

$ 1.1

^[1],[2]

Gain on sale of Fathom Events

$ (26.0)

Fair value of retained noncontrolling investment

1.1

0.6

Related Party [Member]

Promissory notes receivable from founding members

$ 25.0

Interest rate on notes receivable

5.00%

Founding Members [Member] | Related Party [Member]

Promissory notes receivable from founding members

$ 8.3

Fathom Events [Member]

Net assets

$ 0.1

AC JV, LLC [Member] | NCM, LLC. [Member]

AC JV, LLC [Member] | AMC [Member]

4.00%

AC JV, LLC [Member] | Cinemark [Member]

32.00%

AC JV, LLC [Member] | Regal [Member]

32.00%

Net income attributable to NCM, Inc.

32.00%

[1]

On December 26, 2013, NCM LLC sold its Fathom Events business into a newly formed limited liability company (AC JV, LLC) owned 32% by each of NCM LLC’s founding members and 4% by NCM LLC, as described further in Note 2- Divestiture. The Company accounted for its investment in AC JV, LLC under the equity method of accounting in accordance with ASC 970-323 Investments - Equity Method and Joint Ventures (“ASC 970-323”) because AC JV, LLC is a limited liability company with the characteristics of a limited partnership and ASC 970-323 requires the use of equity method accounting unless the Company’s interest is so minor that it would have virtually no influence over partnership operating and financial policies. The Company concluded that its interest was more than minor under the accounting guidance despite the fact that NCM LLC does not have a representative on AC JV, LLC’s Board of Directors or any voting, consent or blocking rights with respect to the governance or operations of AC JV, LLC. The Company’s proportional share of equity in the investment will be recorded in the Consolidated Statements of Income.

[2]

Refer to Note 1—Basis of Presentation and Summary of Significant Accounting Policies.

Divestiture (Future Minimum Lease Payments Of Note Receivable) (Details) - Related Party [Member] $ in Millions	Dec. 26, 2013 USD ($)
2014	$ 4.2
2015	4.2
2016	4.2
2017	4.2
2018	4.1
Thereafter	4.1
Total	$ 25.0

Earnings Per Share (Narrative) (Details) - shares	12 Months Ended
Earnings Per Share (Narrative) (Details) - shares	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Stock Options And Non-Vested Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted weighted average shares	30,358	76,956	68,087
Common Units [Member] \| NCM, LLC. [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted weighted average shares	63,718,411	57,393,735	56,948,238

Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

12 Months Ended

Dec. 26, 2013

^[1]

Sep. 26, 2013

^[1]

Jun. 27, 2013

^[1]

Mar. 28, 2013

^[1]

Dec. 27, 2012

^[2],[3]

Sep. 27, 2012

^[2],[3]

Jun. 28, 2012

^[2],[3]

Mar. 29, 2012

^[2],[3]

Dec. 26, 2013

Dec. 27, 2012

Dec. 29, 2011

Earnings Per Share [Abstract]

$ 19.0

$ 13.7

$ 9.5

$ (1.0)

$ (0.5)

$ 16.7

$ (1.9)

$ (0.9)

$ 41.2

$ 13.4

$ 31.5

Add: Dilutive effect of stock options and restricted stock

56,014,404

54,377,135

53,864,243

614,053

649,636

770,454

56,628,457

55,026,771

54,634,697

$ 0.35

^[4]

$ 0.24

^[4]

$ 0.17

^[4]

$ (0.02)

^[4]

$ (0.01)

^[4]

$ 0.31

^[4]

$ (0.03)

^[4]

$ (0.02)

^[4]

$ 0.74

$ 0.25

$ 0.58

$ 0.34

^[4]

$ 0.24

^[4]

$ 0.17

^[4]

$ (0.02)

^[4]

$ (0.01)

^[4]

$ 0.30

^[4]

$ (0.03)

^[4]

$ (0.02)

^[4]

$ 0.73

$ 0.24

$ 0.58

[1]	During the fourth quarter of 2013, the Company recorded a gain of $25.4 million related to the sale of Fathom Events. Refer to Note 2—Divestiture.
[2]	During the fourth quarter of 2012, the Company recorded adjustments to the measurement of the deferred tax assets and the long-term payable to the founding member liability’s expected net realized tax benefit. The net amount of these adjustments was $6.2 million. Refer to Note 7- Income Taxes.During the fourth quarter of 2013, the Company recorded a gain of $25.4 million related to the sale of Fathom Events.
[3]	During the second quarter of 2012, the Company recorded a loss of approximately $26.7 million related to partial swap terminations. Refer to Note 15- Derivative Instruments and Hedging Activities.
[4]	Earnings per share in each quarter is computed using the weighted-average number of common shares outstanding during that quarter while earnings per share for the full year is computed using the weighted average number of common shares outstanding during the year.

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Gross carrying amount, beginning balance

Property And Equipment (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Property And Equipment [Abstract]
Depreciation expense	$ 10.4	$ 8.7	$ 8.8

Property And Equipment (Summary Of Property And Equipment) (Details) - USD ($) $ in Millions	Dec. 26, 2013	Dec. 27, 2012
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (69.5)	$ (63.1)
Subtotal	24.3	24.6
Construction in progress	1.3	1.1
Total property and equipment	25.6	25.7
Equipment, Computer Hardware And Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	90.2	84.3
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 3.6	$ 3.4

Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Finite-Lived Intangible Assets [Line Items]
Percentage increase (decrease) in theatre attendance for Common Unit adjustment to occur	2.00%
Amortization expense	$ 16.2	$ 11.7	$ 10.0
Intangible assets, net of accumulated amortization	$ 492.0	$ 280.3	$ 274.9
Founding Member And Managing Member [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining life	23 years	23 years 7 months 6 days
Network Affiliates [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining life	15 years 9 months 18 days	16 years 9 months 18 days
Intangible assets, net of accumulated amortization	$ 28.6	$ 21.6
Common Unit Adjustments And Integration Payments [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization	$ 463.4	$ 258.7

Intangible Assets (Summary Of Intangible Assets) (Details) - USD ($)
$ in Millions

1 Months Ended

3 Months Ended

12 Months Ended

Nov. 30, 2013

Sep. 26, 2013

Jun. 27, 2013

Mar. 28, 2013

Mar. 29, 2012

Dec. 26, 2013

Dec. 27, 2012

Dec. 29, 2011

$ 312.8

$ 295.7

$ 312.8

$ 295.7

Accumulated amortization, beginning balance

(32.5)

(20.8)

(32.5)

(20.8)

Total intangible assets, net, beginning balance

$ 280.3

$ 274.9

280.3

274.9

Additions

230.7

^[1]

17.1

^[2]

Amortization

(16.2)

(11.7)

$ (10.0)

Integration Payments

^[3]

(2.8)

Gross carrying amount, ending balance

540.7

312.8

295.7

Accumulated amortization, ending balance

(48.7)

(32.5)

(20.8)

Total intangible assets, net, ending balance

492.0

280.3

274.9

Common membership units issued

3,372,241

Purchase of intangible assets from affiliate

$ 61.6

8.9

$ 7.2

$ 15.9

NCM, LLC. [Member]

Common membership units issued

5,315,837

4,536,014

651,612

Common membership units retained

$ 91.2

$ 69.0

$ 9.9

16,727

NCM, LLC. [Member] | Founding Member Payment Election [Member]

NCM, LLC. [Member] | AMC And Cinemark Integration Payments [Member]

$ 0.2

$ 2.1

Investment in consolidated subsidiary NCM LLC

$ (2.8)

[1]	During the first quarter of 2013, NCM LLC issued 4,536,014 common membership units to its founding members for the rights to exclusive access to net new theatre screens and attendees added by the founding members to NCM LLC’s network during 2012. NCM LLC recorded a net intangible asset of $69.0 million in the first quarter of 2013 as a result of the Common Unit Adjustment. In June of 2013, NCM LLC issued 5,315,837 common membership units to Cinemark for attendees added in connection with Cinemark’s acquisition of Rave Cinemas and one other newly built theatre. NCM LLC recorded a net intangible asset of approximately $91.2 million for this Common Unit Adjustment. In November 2013, NCM LLC issued 3,372,241 common membership units to Regal for attendees added in connection with Regal’s acquisition of Hollywood Theatres and three other newly built theatres. NCM LLC recorded a net intangible asset of approximately $61.6 million for this Common Unit Adjustment.During 2013, the Company purchased intangible assets for $8.9 million associated with network affiliate agreements.
[2]	During the first quarter of 2012, NCM LLC issued 651,612 common membership units to its founding members for the rights to exclusive access to net new theatre screens and attendees added by the founding members to NCM LLC’s network during 2011. NCM LLC recorded a net intangible asset of $9.9 million in the first quarter of 2012 as a result of the common unit adjustment. In lieu of surrendering 16,727 units, AMC paid NCM LLC $0.2 million in the first quarter of 2012.During 2012, the Company purchased intangible assets for $7.2 million associated with network affiliate agreements.
[3]	Rave had pre-existing advertising agreements for some of the theatres it owned prior to the acquisition by Cinemark, as well as prior to the acquisition of certain Rave theatres by AMC in December 2012. As a result, AMC and Cinemark will make integration payments over the remaining term of those agreements. During the year ended December 26, 2013, NCM LLC recorded a reduction to net intangible assets of $2.8 million related to integration payments due from AMC and Cinemark. During the year ended December 26, 2013, the founding members paid $2.1 million in integration payments.

Intangible Assets (Summary Of Estimated Aggregate Amortization Expense) (Details) $ in Millions	Dec. 26, 2013 USD ($)
Intangible Assets [Abstract]
2014	$ 20.2
2015	20.3
2016	20.3
2017	20.6
2018	$ 21.5

Accrued Expenses (Details) - USD ($) $ in Millions	Dec. 26, 2013	Dec. 27, 2012
Accrued Expenses [Abstract]
Make-good reserve	$ 1.8	$ 1.2
Accrued interest	12.7	12.9
Deferred rent	2.6	2.8
Other accrued expenses	2.6	1.6
Total accrued expenses	$ 19.7	$ 18.5

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Income Taxes [Line Items]
U.S. federal statutory rate	35.00%
Percentage of cash savings related to taxes	90.00%
Net operating loss carryforwards	$ 10.5
Capital Loss Carryforward [Member]
Income Taxes [Line Items]
Tax credit carryforward	1.1
Founding Members [Member]
Income Taxes [Line Items]
Payments to affiliates for tax sharing agreement	10.1	$ 18.2	$ 18.0
Founding Members [Member] \| 2009 Tax Year [Member]
Income Taxes [Line Items]
Payments to affiliates for tax sharing agreement			17.3
Founding Members [Member] \| 2010 Tax Year [Member]
Income Taxes [Line Items]
Payments to affiliates for tax sharing agreement		0.9	$ 0.9
Founding Members [Member] \| 2011 Tax Year [Member]
Income Taxes [Line Items]
Payments to affiliates for tax sharing agreement	0.9	$ 17.3
Founding Members [Member] \| 2012 Tax Year [Member]
Income Taxes [Line Items]
Payments to affiliates for tax sharing agreement	$ 9.2

Income Taxes (Schedule Of Components Of Income Tax Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Income Taxes [Abstract]
Current Federal	$ 3.6	$ (6.6)	$ 6.2
Current State	1.9	(0.2)	0.7
Total current income tax expense/(benefit)	5.5	(6.8)	6.9
Deferred Federal	16.7	28.8	9.7
Deferred State	1.2	4.8	1.3
Total deferred income tax expense	17.9	33.6	11.0
Valuation allowance	(3.3)	(0.1)	1.5
Total income tax provision	20.2	26.7	19.4
Income tax expense/(benefit) tax on other comprehensive income	$ 1.8	$ (6.7)	$ 0.3

Income Taxes (Schedule Of The Reconciliation Of Provision For Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Income Taxes [Abstract]
Income before income taxes	$ 52.1	$ 32.2	$ 42.0
Less: Noncontrolling interests	(30.9)	(18.2)	(24.2)
Income attributable to NCM, Inc.	21.2	14.0	17.8
Out of period correction to enacted state rate		9.6
Current year change to enacted state rate	(1.2)	1.4
State and local income taxes, net of federal benefit	2.2	1.1	1.5
Change in valuation allowance	(3.3)	(0.1)	1.5
Other	1.3	0.7	(1.4)
Total income tax provision	$ 20.2	$ 26.7	$ 19.4

Income Taxes (Schedule Of Components Of Deferred Tax Assets And Liabilities) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 26, 2013

Dec. 27, 2012

^[1],[2],[3]

$ 233.4

$ 252.0

Stock based compensation

6.6

9.2

Derivative instruments

2.1

4.1

Other

6.3

7.2

Total deferred tax assets

248.4

272.5

Valuation allowance

0.0

(3.3)

Total deferred tax assets, net of valuation allowance

248.4

269.2

Discount on liability for income taxes payable to founding members under tax sharing agreement

^[1],[4]

53.3

51.3

Depreciation and amortization

3.4

3.8

Derivative instruments

2.2

4.2

Notes receivable

2.7

Other

0.3

0.2

Total deferred tax liabilities

$ 61.9

59.5

Useful life of intangible asset, tax basis

15 years

Accretion of interest on discounted payable

$ 13.1

$ 10.0

Percent of cash savings upon realization of amortization and other deductions specified under the TRA

90.00%

Decrease in deferred tax asset

$ 22.7

Out of period adjustment

5.3

Adjustment to deferred tax expense

9.6

Decrease in TRA interest expense

$ 4.3

30-Year Intangible Asset [Member]

Useful life of intangible asset, tax basis

30 years

Founding Member And Managing Member [Member]

Decrease in long-term payable to founding members

$ 17.9

[1]	During 2012, NCM, Inc. corrected errors in the blended state tax rate used to measure the net deferred tax asset “Investment in consolidated subsidiary NCM LLC”. As a result of the correction to the deferred tax asset, the long-term payable to founding members’ liability was also corrected. This is the discounted amount which is payable back to the founding members under the tax receivable agreement and represents 90% of the cash savings to NCM, Inc. from federal, state and local jurisdictions upon realization of amortization and other deductions specified under the tax receivable agreement. As a result of these out-of-period adjustments, the Company recorded a decrease of $22.7 million to its deferred tax asset for its ownership interest in NCM LLC to reflect the tax effected difference between the tax basis and the book basis of these assets. In addition, the Company recorded a decrease of $17.9 million in its long-term payable to founding members. The impact of these adjustments was a total out of period income statement impact of $5.3 million which consisted of an adjustment to deferred tax expense of $9.6 million offset by a reduction of tax receivable agreement interest expense of $4.3 million.
[2]	For federal income tax purposes, an amortizable intangible asset was created on the tax-basis balance sheet of NCM LLC as a result of the founding members agreeing to modify NCM LLC’s payment obligations under the ESAs and as a result of the common unit adjustments, which are further described in Note 5 - Intangible Assets. The tax effect of NCM, Inc.’s share of the intangible asset is amortized over the remainder of the 30-year life for federal income tax purposes. Additionally, units issued under Common Unit Adjustments and subsequent payments to the founding members under the tax receivable agreement, create additional layers of tax basis amortized over the remaining period of the ESA. The ESA deferred tax asset was adjusted to reflect the changes in ownership that occurred during the year due to the common unit adjustments.
[3]	NCM LLC made an election under Internal Revenue code (“IRC”) §754 of the Internal Revenue Code to step-up the Company’s outside basis in its share of NCM LLC’s inside basis of assets under IRC §743(b) resulting in a deferred tax asset for the Company’s acquired share of NCM LLC’s assets. The majority of this deferred tax asset is attributable to intangible assets that are amortized over the remainder of the 15-year period for federal income tax purposes and accounted for as distributions under U.S. generally accepted accounting principles. The Company recorded additional step-up in tax basis as a result of subsequent payments made by NCM, Inc. to the founding members under the tax receivable agreement resulting from amortization of the IRC §743(b) adjustment.
[4]	NCM, Inc. recorded a long-term payable to founding members related to the tax receivable agreement, which is recorded at its present value. The discount on this liability is a temporary difference that resulted in a deferred tax liability. The Company recorded accretion of interest on the discounted payable of $13.1 million and $10.0 million for the year ended December 26, 2013 and December 27, 2012, respectively.

Capital Stock (Details)	12 Months Ended
Capital Stock (Details)	Dec. 26, 2013 item $ / shares shares	Dec. 27, 2012 $ / shares shares
Capital Stock [Abstract]
Common stock, shares authorized	175,000,000	175,000,000
Common stock, par value \| $ / shares	$ 0.01	$ 0.01
Common stock, shares issued	58,519,137	54,486,259
Common stock, shares outstanding	58,519,137	54,486,259
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value \| $ / shares	$ 0.01	$ 0.01
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Number of votes per common share \| item	1

Related-Party Transactions (Narrative) (Details)
$ in Millions

3 Months Ended

12 Months Ended

Sep. 26, 2013

item

Dec. 26, 2013

USD ($)

Dec. 27, 2012

USD ($)

Dec. 29, 2011

USD ($)

Investment in consolidated subsidiary NCM LLC

^[1],[2],[3]

$ 233.4

$ 252.0

Amortization period of deferred tax asset

15 years

Change to long-term payable to founding members under tax sharing agreement.

$ 4.5

Percentage of cash savings related to taxes

90.00%

Increase in deferred tax liability

$ 2.1

Related party revenue

0.6

Founding Members [Member]

Cash payment due to founding members/managing member

31.0

DCIP [Member]

Costs to founding members/related party affiliates

0.8

$ 1.5

$ 0.5

NCM Inc. [Member]

Ratio of common unit conversion for common stock | item

NCM, LLC. [Member]

Investment in consolidated subsidiary NCM LLC

4.1

Accounts receivable

$ 0.6

NCM, LLC. [Member] | AC JV, LLC [Member]

Number of NCM LLC common units converted to NCM Inc.common stock | shares

4.00%

Regal [Member]

2,300,000

Regal [Member] | AC JV, LLC [Member]

AMC [Member] | AC JV, LLC [Member]

32.00%

Cinemark [Member] | AC JV, LLC [Member]

32.00%

Fathom Events operating costs (including amounts to founding members)

32.00%

[1]	During 2012, NCM, Inc. corrected errors in the blended state tax rate used to measure the net deferred tax asset “Investment in consolidated subsidiary NCM LLC”. As a result of the correction to the deferred tax asset, the long-term payable to founding members’ liability was also corrected. This is the discounted amount which is payable back to the founding members under the tax receivable agreement and represents 90% of the cash savings to NCM, Inc. from federal, state and local jurisdictions upon realization of amortization and other deductions specified under the tax receivable agreement. As a result of these out-of-period adjustments, the Company recorded a decrease of $22.7 million to its deferred tax asset for its ownership interest in NCM LLC to reflect the tax effected difference between the tax basis and the book basis of these assets. In addition, the Company recorded a decrease of $17.9 million in its long-term payable to founding members. The impact of these adjustments was a total out of period income statement impact of $5.3 million which consisted of an adjustment to deferred tax expense of $9.6 million offset by a reduction of tax receivable agreement interest expense of $4.3 million.
[2]	For federal income tax purposes, an amortizable intangible asset was created on the tax-basis balance sheet of NCM LLC as a result of the founding members agreeing to modify NCM LLC’s payment obligations under the ESAs and as a result of the common unit adjustments, which are further described in Note 5 - Intangible Assets. The tax effect of NCM, Inc.’s share of the intangible asset is amortized over the remainder of the 30-year life for federal income tax purposes. Additionally, units issued under Common Unit Adjustments and subsequent payments to the founding members under the tax receivable agreement, create additional layers of tax basis amortized over the remaining period of the ESA. The ESA deferred tax asset was adjusted to reflect the changes in ownership that occurred during the year due to the common unit adjustments.
[3]	NCM LLC made an election under Internal Revenue code (“IRC”) §754 of the Internal Revenue Code to step-up the Company’s outside basis in its share of NCM LLC’s inside basis of assets under IRC §743(b) resulting in a deferred tax asset for the Company’s acquired share of NCM LLC’s assets. The majority of this deferred tax asset is attributable to intangible assets that are amortized over the remainder of the 15-year period for federal income tax purposes and accounted for as distributions under U.S. generally accepted accounting principles. The Company recorded additional step-up in tax basis as a result of subsequent payments made by NCM, Inc. to the founding members under the tax receivable agreement resulting from amortization of the IRC §743(b) adjustment.

Related-Party Transactions (Summary Of Transactions Between The Company And The Founding Members And Managing Member) (Details)
$ in Millions

12 Months Ended

Dec. 26, 2013

USD ($)

Dec. 27, 2012

USD ($)

Dec. 29, 2011

USD ($)

Advertising revenue

$ 426.3

$ 409.5

$ 386.2

Theatre access fee

^[1]

69.4

64.5

55.4

25.5

29.0

34.1

Selling and marketing costs

61.5

60.5

59.8

Advertising operating costs

29.0

$ 31.3

$ 24.6

Gain on sale of Fathom Events to founding members

^[2]

$ 25.4

On-screen advertising time purchased, in seconds | s

On-screen advertising time to satisfy agreement obligations | s

Current portion of notes receivable - founding members

^[3]

$ 4.2

Long-term notes receivable, net of current portion - founding members

^[3]

20.8

Common unit adjustments and integration payments, net of amortization (included in Intangible assets)

^[4],[5]

1.1

492.0

$ 280.3

$ 274.9

Current payable to founding members under tax sharing agreement

28.6

19.6

Long-term payable to founding members under tax sharing agreement

$ 144.0

$ 137.5

Maximum [Member]

On-screen advertising time which founding members have right to purchase, in seconds | s

Beverage Concessionaire [Member]

Advertising revenue

^[6]

$ 41.4

$ 39.7

$ 38.0

Advertising Inventory [Member]

Advertising revenue

^[7]

0.2

Use Of Screens/Theatres For Fathom Events [Member]

Fathom Events operating costs (including amounts to founding members)

^[8]

5.1

5.5

8.3

Purchase Of Movie Tickets And Concession Products [Member]

Fathom Events operating costs (including amounts to founding members)

^[9]

0.2

0.4

1.0

Selling and marketing costs

^[9]

1.4

1.1

$ 1.1

Advertising operating costs

^[9]

0.2

Common Unit Adjustments And Integration Payments [Member]

Common unit adjustments and integration payments, net of amortization (included in Intangible assets)

$ 463.4

$ 258.7

[1]	Comprised of payments per theatre attendee, payments per digital screen with respect to the founding member theatres included in the Company’s network and payments for access to higher quality digital cinema equipment.
[2]	Refer to discussion of Fathom sale in Note 2- Divestiture.
[3]	Refer to discussion of Fathom sale in Note 2- Divestiture.
[4]	On December 26, 2013, NCM LLC sold its Fathom Events business into a newly formed limited liability company (AC JV, LLC) owned 32% by each of NCM LLC’s founding members and 4% by NCM LLC, as described further in Note 2- Divestiture. The Company accounted for its investment in AC JV, LLC under the equity method of accounting in accordance with ASC 970-323 Investments - Equity Method and Joint Ventures (“ASC 970-323”) because AC JV, LLC is a limited liability company with the characteristics of a limited partnership and ASC 970-323 requires the use of equity method accounting unless the Company’s interest is so minor that it would have virtually no influence over partnership operating and financial policies. The Company concluded that its interest was more than minor under the accounting guidance despite the fact that NCM LLC does not have a representative on AC JV, LLC’s Board of Directors or any voting, consent or blocking rights with respect to the governance or operations of AC JV, LLC. The Company’s proportional share of equity in the investment will be recorded in the Consolidated Statements of Income.
[5]	Refer to Note 1—Basis of Presentation and Summary of Significant Accounting Policies.
[6]	For the years ended December 26, 2013, December 27, 2012 and December 29, 2011, the founding members purchased 60 seconds of on-screen advertising time (with a right to purchase up to 90 seconds) from NCM LLC to satisfy their obligations under their beverage concessionaire agreements at a specified 30 second equivalent CPM
[7]	The value of such purchases is calculated by reference to NCM LLC’s advertising rate card
[8]	These payments are at rates (percentage of event revenue) included in the ESAs based on the nature of the event.
[9]	Used primarily for marketing to NCM LLC’s advertising clients and marketing resale to Fathom Events customers.

Related-Party Transactions (Schedule Of Mandatory Distributions To Members) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Related Party Transaction [Line Items]
Cash payments to members	$ 193.4	$ 149.6	$ 161.7
AMC [Member]
Related Party Transaction [Line Items]
Cash payments to members	29.8	23.1	25.3
Cinemark [Member]
Related Party Transaction [Line Items]
Cash payments to members	36.9	24.2	25.5
Regal [Member]
Related Party Transaction [Line Items]
Cash payments to members	37.1	29.5	32.2
NCM Inc. [Member]
Related Party Transaction [Line Items]
Cash payments to members	$ 89.6	$ 72.8	$ 78.7

Related-Party Transactions (Schedule Of Amounts Due To Founding Members) (Details) - USD ($) $ in Millions	Dec. 26, 2013	Dec. 27, 2012
Related Party Transaction [Line Items]
Amounts due to founding members	$ 30.1	$ 19.8
Founding Members [Member]
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	2.4	2.1
Cost and other reimbursement	(3.3)	(3.2)
Distributions payable, net	31.0	20.9
Amounts due to founding members	30.1	19.8
AMC [Member] \| Founding Members [Member]
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	0.6	0.6
Cost and other reimbursement	(2.0)	(1.1)
Distributions payable, net	8.7	6.3
Amounts due to founding members	7.3	5.8
Cinemark [Member] \| Founding Members [Member]
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	0.7	0.6
Cost and other reimbursement	(0.7)	(0.7)
Distributions payable, net	10.9	6.6
Amounts due to founding members	10.9	6.5
Regal [Member] \| Founding Members [Member]
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	1.1	0.9
Cost and other reimbursement	(0.6)	(1.4)
Distributions payable, net	11.4	8.0
Amounts due to founding members	$ 11.9	$ 7.5

Related-Party Transactions (Summary Of Transactions Between The Company And Related Party Affiliates) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 26, 2013

Dec. 27, 2012

Dec. 29, 2011

Accounts payable, related party affiliates

$ 0.8

$ 0.9

Starplex [Member]

Accounts payable, related party affiliates

^[1]

0.7

Other [Member]

Accounts payable, related party affiliates

^[2]

0.1

0.2

Advertising Operating Cost [Member]

Advertising operating costs, related party affiliates

3.4

4.2

$ 3.4

Advertising Operating Cost [Member] | Starplex [Member]

Advertising operating costs, related party affiliates

^[1]

2.9

3.2

2.9

Advertising Operating Cost [Member] | Other [Member]

Advertising operating costs, related party affiliates

^[2]

$ 0.5

$ 1.0

$ 0.5

[1]	Starplex Operating L.P. (“Starplex”) is an affiliate of one of NCM, Inc.’s directors.
[2]	Other affiliates include LA Live Cinemas LLC (“LA Live”), an affiliate of Regal, and Texas Cinemas, Corp., an affiliate of one of NCM, Inc.’s directors.

Borrowings (Narrative) (Details)

12 Months Ended

Dec. 26, 2013

USD ($)

item

Dec. 27, 2012

USD ($)

Dec. 29, 2011

USD ($)

Write-off of net deferred issuance costs

$ 890,000,000

$ 879,000,000

$ 1,200,000

5,900,000

$ 1,500,000

Unused line fee, percent

0.50%

Senior secured leverage ratio | item

2.9

Revolving credit facility termination date

Dec. 31, 2014

Current portion of long-term debt

$ 14,000,000

Senior Secured Credit Facility [Member]

Write-off of net deferred issuance costs

500,000

Write off of other non-operating fees

700,000

Revolving Credit Facility [Member]

Borrowing amount of credit facility

124,000,000

$ 20,000,000

14,000,000

Weighted-average interest rate

^[1]

Nov. 26, 2017

2.44%

Decrease in basis points

(0.25%)

Facility, amount outstanding

^[2]

$ 14,000,000

Term Loans [Member]

Debt instrument face amount

270,000,000

265,000,000

$ 270,000,000

Weighted-average interest rate

Nov. 26, 2019

2.92%

Decrease in basis points

(0.50%)

Revolving Credit Facility Due On November 26, 2017 [Member]

^[2]

Portion of revolving credit facility

$ 110,000,000

Revolving Credit Facility Due On December 31, 2014 [Member]

Borrowing amount of credit facility

14,000,000

Senior Unsecured Notes [Member]

$ 200,000,000

200,000,000

Jul. 15, 2021

Date of first required interest payment

7.875%

Jan. 15, 2012

Senior Secured Notes [Member]

$ 400,000,000

Apr. 15, 2022

Date of first required interest payment

6.00%

Oct. 15, 2012

Maximum [Member]

Senior secured leverage ratio | item

6.5

LIBOR [Member] | Term Loans [Member]

LIBOR [Member] | Revolving Credit Facility Due On November 26, 2017 [Member]

2.75%

LIBOR [Member] | Revolving Credit Facility Due On December 31, 2014 [Member]

2.00%

Base Rate [Member] | Term Loans [Member]

1.50%

Base Rate [Member] | Revolving Credit Facility Due On November 26, 2017 [Member]

1.75%

Base Rate [Member] | Revolving Credit Facility Due On December 31, 2014 [Member]

1.00%

0.50%

[1]	A portion of the revolving credit facility has a maturity date of December 31, 2014, as described in further detail below.
[2]	The interest rates on the revolving credit facility and term loan are described below.

Borrowings (Schedule Of Outstanding Debt) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 26, 2013

Dec. 27, 2012

Less: current portion of long-term debt

$ 890.0

$ 879.0

(14.0)

Long-term debt, less current portion

876.0

879.0

Revolving Credit Facility [Member]

$ 20.0

14.0

^[1]

Nov. 26, 2017

^[2]

Term Loans [Member]

$ 270.0

265.0

Nov. 26, 2019

Senior Unsecured Notes [Member]

^[2]

$ 200.0

200.0

Jul. 15, 2021

Senior Secured Notes [Member]

7.875%

$ 400.0

Apr. 15, 2022

Due December 31, 2014 [Member]

6.00%

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Dec. 31, 2014

[1]	A portion of the revolving credit facility has a maturity date of December 31, 2014, as described in further detail below.
[2]	The interest rates on the revolving credit facility and term loan are described below.

Borrowings (Schedule Of Annual Maturities On Credit Facility And Senior Notes) (Details) $ in Millions	Dec. 26, 2013 USD ($)
Borrowings [Abstract]
2014	$ 14.0
2015
2016
2017	6.0
2018
Thereafter	870.0
Total	$ 890.0

Share-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Common stock available for issuance	12,876,000
Common stock available for grants	4,371,729
Estimated forfeiture rate, percentage	5.00%
Recognized share-based compensation expense	$ 5.9	$ 9.0	$ 11.8
Capitalized share-based compensation expense	0.1	0.2	0.2
Income tax benefit from share-based compensation	1.0	$ 2.6	$ 3.2
Unrecognized compensation expense related to non-vested options	$ 1.0
Weighted average remaining period over which unrecognized compensation costs will be recognized	1 year
Weighted average grant date fair value of granted options		$ 4.10	$ 3.80
Intrinsic value of options exercised	$ 6.1	$ 1.4	$ 1.5
Number of stock and stock units expected to vest, after consideration of expected forfeitures	833,004
Fair value of awards vested	$ 4.9	$ 7.8	6.2
Maximum [Member]
Vesting period	5 years
Options contractual term	15 years
Minimum [Member]
Vesting period	3 years
Options contractual term	10 years
Restricted Stock [Member]
Recognized share-based compensation expense			$ 0.0
Unrecognized compensation expense related to non-vested options	$ 7.2
Weighted average remaining period over which unrecognized compensation costs will be recognized	2 years 1 month 6 days
Weighted average grant date fair value of granted options	$ 15.17	$ 13.23	$ 17.66
Fair value of awards vested	$ 7.5	$ 6.9	$ 1.8
Restricted Stock [Member] \| Maximum [Member]
Measurement period	3 years
Restricted Stock [Member] \| Minimum [Member]
Measurement period	2 years
Restricted Stock Units (RSUs) [Member]
Vesting period	1 year

Share-Based Compensation (Summary Of Equity Incentive Plan Activity) (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 26, 2013 USD ($) $ / shares shares
Share-Based Compensation [Abstract]
Options, Outstanding, beginning balace \| shares	4,984,952
Options, Exercised \| shares	(1,488,059)
Options, Forfeited \| shares	(333,530)
Options, Expired \| shares	(106,781)
Options, Outstanding, ending balance \| shares	3,056,582
Options, Exercisable \| shares	2,325,589
Options, Vested and Expected to Vest \| shares	3,044,836
Weighted average exercise price, Outstanding, beginning balance \| $ / shares	$ 16.13
Weighted average exercise price, Exercised \| $ / shares	13.69
Weighted average exercise price, Forfeited \| $ / shares	17.75
Weighted average exercise price, Expired \| $ / shares	19.79
Weighted average exercise price, Outstanding, ending balance \| $ / shares	17.02
Weighted average exercise price, Exercisable \| $ / shares	17.47
Weighted average exercise price, Vested and Expected to Vest \| $ / shares	$ 17.02
Weighted average remaining contractual life, Outstanding	6 years 9 months 18 days
Weighted average remaining contractual life, Exercisable	6 years 7 months 6 days
Weighted average remaining contractual life, Vested and Expected to Vest	6 years 9 months 18 days
Aggregate intrinsic value, Outstanding \| $	$ 9.6
Aggregate intrinsic value, Exercisable \| $	6.3
Aggregate intrinsic value,Vested and Expected to Vest \| $	$ 9.5

Share-Based Compensation (Summary Of Valuation Assumptions) (Details)	12 Months Ended
	Dec. 27, 2012	Dec. 29, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 years	6 years
Dividend yield	5.50%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate	0.80%	1.20%
Expected volatility	53.20%	30.00%
Dividend yield		3.80%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate	1.10%	2.40%
Expected volatility	54.60%	53.60%
Dividend yield		4.00%

Share-Based Compensation (Schedule Of Non-Vested Stock) (Details)	12 Months Ended
	Dec. 26, 2013 $ / shares shares
Share-Based Compensation [Abstract]
Shares, Non-vested, beginning balance \| shares	1,707,128
Shares, Granted \| shares	918,548
Shares, Vested \| shares	(360,528)
Shares, Forfeited \| shares	(190,282)
Shares, Non-vested, ending balance \| shares	2,074,866
Weighted average grant-date fair value, Non-vested, beginning balance \| $ / shares	$ 15.30
Weighted average grant-date fair value, Granted \| $ / shares	15.17
Weighted average grant-date fair value, Vested \| $ / shares	16.88
Weighted average grant-date fair value, Forfeited \| $ / shares	15.95
Weighted average grant-date fair value, Non-vested, ending balance \| $ / shares	$ 14.91

Employee Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Millions	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Employee Benefit Plans [Abstract]
Percent of compensation participants may contribute	20.00%
Discretionary contributions	$ 1.0	$ 1.0	$ 0.9

Commitments And Contingencies (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Other Commitments [Line Items]
Total lease expense	$ 2.3	$ 2.3	$ 2.3
Maximum potential payment	42.4
Carrying amount of minmum revenue guarantees	$ 0.0	$ 0.0
Minimum [Member]
Other Commitments [Line Items]
Range of terms, in years	3 years
Maximum [Member]
Other Commitments [Line Items]
Range of terms, in years	20 years

Commitments And Contingencies (Schedule Of Minimum Lease Payments Under Noncancelable Operating Leases) (Details) $ in Millions	Dec. 26, 2013 USD ($)
Commitments And Contingencies [Abstract]
2014	$ 2.6
2015	2.6
2016	2.6
2017	2.0
2018	1.7
Thereafter	4.1
Total	$ 15.6

Fair Value Measurement (Narrative) (Details) - USD ($) $ in Millions	Dec. 26, 2013	Dec. 27, 2012
Other investments	$ 1.1	$ 0.8
Related Party [Member]
Promissory notes receivable from founding members	$ 25.0

Fair Value Measurement (Estimated Fair Values Of Company's Financial Instruments) (Details) - USD ($)
$ in Millions

Dec. 26, 2013

Dec. 27, 2012

Carrying Value [Member]

Term Loans

$ 270.0

$ 265.0

Carrying Value [Member] | Senior Unsecured Notes [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Carrying Value [Member] | Senior Secured Notes [Member]

200.0

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

400.0

Fair Value [Member]

Term Loans

^[1]

269.5

265.8

Fair Value [Member] | Senior Unsecured Notes [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value [Member] | Senior Secured Notes [Member]

^[1]

220.4

222.0

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

^[1]

$ 414.0

$ 425.5

[1]	The Company has estimated the fair value on an average of at least two non-binding broker quotes and the Company’s analysis. If the Company were to measure the borrowings in the above table at fair value on the balance sheet they would be classified as Level 2.

Fair Value Measurement (Fair Values Of The Company's Assets And Liabilities) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 26, 2013

Dec. 27, 2012

^[1]

$ 28.3

$ 50.2

^[2]

71.3

34.2

Individual securities gross unrealized losses

99.6

84.4

0.0

Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

^[1]

6.2

^[2]

4.5

3.0

Significant Other Observable Inputs (Level 2) [Member]

4.5

9.2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

^[1]

28.3

44.0

^[2]

66.8

31.2

Significant Unobservable Inputs (Level 3) [Member]

95.1

75.2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

^[1]

^[2]

Schedule of Available-for-sale Securities [Line Items]

[1]

[2]

Fair Value Measurement (Schedule Of Marketable Securities) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 26, 2013

Dec. 27, 2012

$ 71.3

$ 34.2

Short Term Municipal Securities [Member]

^[1]

71.3

34.2

Schedule of Available-for-sale Securities [Line Items]

4.5

$ 4.5

US Government Agencies Debt Securities [Member] | Short-term Investments [Member]

^[2]

2 months 12 days

Schedule of Available-for-sale Securities [Line Items]

3.0

$ 3.0

Commercial Paper, Financial [Member] | Short-term Investments [Member]

^[2]

8 months 12 days

Schedule of Available-for-sale Securities [Line Items]

$ 50.3

$ 25.1

$ 50.3

$ 25.1

Commercial Paper, Industrial [Member] | Short-term Investments [Member]

^[2]

3 months 18 days

2 months 12 days

Schedule of Available-for-sale Securities [Line Items]

$ 8.8

$ 5.1

$ 8.8

$ 5.1

Commercial Paper Utility [Member] | Short-term Investments [Member]

^[2]

1 month 6 days

3 months 18 days

Schedule of Available-for-sale Securities [Line Items]

$ 7.7

$ 7.7

Commercial Paper, Municipal [Member] | Short-term Investments [Member]

^[2]

1 month 6 days

Schedule of Available-for-sale Securities [Line Items]

$ 1.0

$ 1.0

^[2]

0 years

[1]

[2]

Derivative Instruments And Hedging Activities (Narrative) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 28, 2012	Dec. 26, 2013	Dec. 27, 2012
Derivative [Line Items]
Payment for swap termination			$ 63,400,000
Loss on swap terminations	$ (26,700,000)		$ (26,700,000)
Remainder of breakage fees		$ 36,700,000
Amount outstanding related to cash flow hedges		11,600,000
Amount estimated to be amortized in over the remaining swap term		10,000,000
Term Loans [Member]
Derivative [Line Items]
Debt instrument face amount		$ 270,000,000

Derivative Instruments And Hedging Activities (Schedule Of The Effect Of Derivatives On The Financial Statements) (Details) - Interest Rate Swap [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Derivative [Line Items]
Unrealized gain recognized in NCM, LLC's other comprehensive income (Pre-tax)	$ 10.3	$ 26.0	$ (18.1)
Realized loss recognized in interest on borrowings (Pre-tax)		$ (9.1)	$ (19.5)

Derivative Instruments And Hedging Activities (Schedule Of The Effect Of Derivatives Not Designated As Hedging Instruments On The Financial Statements) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Derivative Instruments And Hedging Activities [Abstract]
Realized loss on derivative instruments		$ (5.1)	$ (6.5)
Gain from change in fair value on cash flow hedges		3.0
Amortization of terminated derivatives	$ (10.3)	(4.0)	(1.3)
Total	$ (10.3)	$ (6.1)	$ (7.8)

Derivative Instruments And Hedging Activities (Schedule Of Changes in AOCI By Component) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2013	Dec. 27, 2012	Dec. 29, 2011
Derivative Instruments And Hedging Activities [Abstract]
Beginning Balance	$ (6.7)
Amortization on discontinued cash flow hedges	10.3	$ 4.0	$ 1.3
Total amounts reclassified from AOCI	10.3
Noncontrolling interest on reclassifications	(5.6)
Tax effect on reclassifications	(1.8)	6.7	$ (0.3)
Net other comprehensive income	2.9
Impact of subsidiary ownership changes	0.6
Ending Balance	$ (3.2)	$ (6.7)

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.