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Accumulated depreciation, property and equipment

4.2

2.9

70.9

69.5

Accumulated amortization, intangible assets

53.4

48.7

Accumulated amortization, debt issuance costs

15.7

15.0

Accounts payable, related parties

0.7

0.8

Accumulated other comprehensive loss

9.1

$ 11.6

Purchase Of Movie Tickets And Concession Products [Member]

^[1]

$ 0.2

[1]	Used primarily for marketing to NCM LLC’s advertising clients.

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.

Advertising (including revenue from founding members of $9.5 and $8.9, respectively)

Condensed Statements Of Income (Loss) - USD ($)
$ in Millions

3 Months Ended

Mar. 27, 2014

Mar. 28, 2013

REVENUE:

$ 70.2

$ 73.7

Fathom Events

8.5

Total

70.2

82.2

OPERATING EXPENSES:

Advertising operating costs (including $0.5 and $0.6 to related parties, respectively)

5.0

5.7

Fathom Events operating costs (including $0.0 and $0.9 to founding members, respectively)

5.8

Network costs

4.6

4.8

Theatre access fees - founding members

^[1]

17.4

15.6

Selling and marketing costs (including $0.2 and $0.2 to founding members, respectively)

15.0

15.4

Administrative and other costs

4.7

5.1

Administrative fee - managing member

^[2]

2.9

2.8

Depreciation and amortization

7.8

5.4

Total

57.4

60.6

OPERATING INCOME

12.8

21.6

NON-OPERATING EXPENSES:

Interest on borrowings

13.1

13.3

Interest income (including $0.3 and $0.0 from founding members, respectively)

(0.3)

Amortization of terminated derivatives

2.5

Other non-operating expense

0.1

Total

15.4

15.8

(LOSS) INCOME BEFORE INCOME TAXES

(2.6)

5.8

Income tax expense

0.2

NET (LOSS) INCOME

$ (2.8)

$ 5.6

[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]

Pursuant to the Management Services Agreement between NCM, Inc. and NCM LLC, NCM, Inc. provides certain specific management services to NCM LLC, including the services of the President and Chief Executive Officer, President of Sales and Marketing, Interim Co-Chief Financial Officers, Executive Vice President and Chief Operations Officer and Chief Technology Officer and Executive Vice President and General Counsel. In exchange for these services, NCM LLC reimburses NCM, Inc. for compensation paid to the officers (including share based compensation) and other expenses of the officers and for certain out-of-pocket costs.

Condensed Statements Of Income (Loss) (Parenthetical) - USD ($)
$ in Millions

3 Months Ended

Mar. 27, 2014

Mar. 28, 2013

Revenue from founding members

$ 9.5

$ 8.9

Interest income - founding members

0.3

^[1]

0.0

Advertising Operating Cost [Member]

Costs to founding members/related party affiliates

0.5

0.6

Fathom Events Operating Cost [Member]

Costs to founding members/related party affiliates

0.0

0.9

Selling And Marketing Cost [Member]

Costs to founding members/related party affiliates

$ 0.2

[1]

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 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.

Condensed Statements Of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 27, 2014	Mar. 28, 2013
Statements Of Comprehensive Income (Loss) [Abstract]
NET (LOSS) INCOME	$ (2.8)	$ 5.6
OTHER COMPREHENSIVE INCOME:
Amortization of terminated derivatives, net of tax of $0 and $0, respectively	2.5	2.5
COMPREHENSIVE (LOSS) INCOME	$ (0.3)	$ 8.1

Related-Party Transactions

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

+ References

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

+ Details

Condensed Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 27, 2014	Mar. 28, 2013
Statements Of Comprehensive Income (Loss) [Abstract]
Amortization of terminated derivatives, tax	$ 0	$ 0

Condensed Statements Of Cash Flows - USD ($) $ in Millions	3 Months Ended
Condensed Statements Of Cash Flows - USD ($) $ in Millions	Mar. 27, 2014	Mar. 28, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (2.8)	$ 5.6
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	7.8	5.4
Non-cash share-based compensation	1.2	1.1
Amortization of terminated derivatives	2.5	2.5
Amortization of debt issuance costs	0.7	0.6
Changes in operating assets and liabilities:
Receivables, net	35.0	34.9
Accounts payable and accrued expenses	(15.3)	(7.2)
Amounts due to founding members and managing member	2.1	4.0
Other, net	(0.6)	(3.0)
Net cash provided by operating activities	30.6	43.9
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(2.1)	(2.7)
Purchases of intangible assets from affiliate circuits	(0.5)	(0.5)
Net cash used in investing activities	(2.6)	(3.2)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings	49.0	18.0
Repayments of borrowings	(32.0)	(18.0)
Founding member integration payments	0.7
Distributions to founding members and managing member	(57.5)	(40.7)
Unit settlement for share-based compensation	0.5	0.6
Net cash used in financing activities	(39.3)	(40.1)
CHANGE IN CASH AND CASH EQUIVALENTS	(11.3)	0.6
CASH AND CASH EQUIVALENTS:
Beginning of period	13.3	10.4
End of period	2.0	11.0
Supplemental disclosure of non-cash financing and investing activity:
Purchase of an intangible asset with managing member equity	16.4	69.0
Accrued distributions to founding members and managing member	11.5	15.1
Supplemental disclosure of cash flow information:
Cash paid for interest	10.2	$ 11.2
Cash paid for income taxes, net of refunds	$ 0.2

The Company	3 Months Ended
The Company	Mar. 27, 2014
The Company [Abstract]
The Company	1.THE COMPANY Description of Business National CineMedia, LLC (“NCM LLC”, “the Company” or “we”) commenced operations on April 1, 2005 and is owned by National CineMedia, Inc. (“NCM, Inc.”, “manager” or “managing member”), 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. and Cinemark USA, Inc., wholly owned subsidiaries of Cinemark Holdings, Inc. (“Cinemark”). NCM LLC operates the largest digital in-theatre network in North America, allowing NCM LLC 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 March 27, 2014, NCM LLC had 128,259,925 common membership units outstanding, of which 58,716,346 (45.8%) were owned by NCM, Inc., 25,792,942 (20.1%) were owned by Regal, 24,556,136 (19.1%) were owned by Cinemark and 19,194,501 (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 3—Related Party Transactions. Basis of Presentation The Company has prepared the unaudited condensed financial statements and related notes of NCM LLC in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures typically included in an annual report have been condensed or omitted for this quarterly report. The balance sheet as of December 26, 2013 is derived from the audited financial statements of NCM LLC. Therefore, the unaudited condensed financial statements should be read in conjunction with the NCM LLC audited financial statements and notes thereto included in the Company’s annual report on Form 10-K filed for the fiscal year ended December 26, 2013. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly in all material respects the financial position, results of operations and cash flows for all periods presented have been made. The Company’s business is seasonal and for this and other reasons operating results for interim periods may not be indicative of the Company’s full year results or future performance. As a result of the various related party agreements discussed in Note 3—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 and share-based compensation. Actual results could differ from those estimates. Significant Accounting Policies The Company’s annual financial statements included in its Form 10-K filed for the fiscal year ended December 26, 2013 contain a complete discussion of the Company’s significant accounting policies. 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 (“ASC 280”). Until its sale, Fathom Events was an operating segment under ASC 280, but did not meet the annual quantitative thresholds for segment reporting. The Company does not evaluate its segments on a fully allocated cost basis, nor does the Company track segment assets separately. Therefore, the measure of segment operating income net of direct expenses presented herein is not prepared on the same basis as operating income in the unaudited condensed statements of income and 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 8—Segment Reporting. Concentration of Credit Risk and Significant Customers— Bad debts are provided for using the allowance for doubtful accounts method 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 March 27, 2014 and December 26, 2013, 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 three months ended March 27, 2014, revenue related to our founding members’ beverage supplier accounted for 13.3% of total revenue. During the three months ended March 28, 2013, there were no customers that accounted for more than 10% of revenue. Share-Based Compensation—The management services agreement between NCM LLC and NCM, Inc. provides that NCM LLC may participate in the NCM, Inc. Equity Incentive Plan. NCM, Inc. has issued stock options, restricted stock and restricted stock units under the NCM, Inc. Equity Incentive Plan. In 2014 and 2013, the Company did not grant stock options. Restricted stock and restricted stock units granted prior to 2013 vest upon the achievement of NCM, Inc. performance measures and service conditions. In 2013, NCM, Inc. granted restricted stock and restricted stock units that vest upon the achievement of NCM, Inc. performance measures and service conditions, or only service conditions. In 2014, restricted stock grants for NCM, Inc. officers vest upon the achievement of NCM, Inc. performance measures and service conditions, or only service conditions, while non-officers grants vest only upon the achievement of service conditions. Compensation expense of restricted stock that vests upon the achievement of NCM, Inc. 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, NCM, Inc. adjusts the expense recognized to reflect the actual vested shares following the resolution of the performance conditions. The recognized expense, including equity based compensation costs of NCM, Inc. employees, is included in the operating results of NCM LLC. Upon the exercise of options or the vesting of restricted stock, NCM, Inc. has the right to acquire from NCM LLC a number of common units equal to the number of NCM, Inc. shares being issued. In consideration for such units, NCM, Inc. contributes to NCM LLC the consideration received for the exercise of options or vesting of shares. During the three months ended March 27, 2014, NCM, Inc. acquired 197,209 units due to the vesting of restricted stock and restricted stock units and exercise of stock options and contributed $0.5 million to NCM LLC for the three months ended March 27, 2014. In connection with NCM, Inc.’s March 2014 special cash dividend of $0.50 per share and pursuant to the antidilution adjustment terms of NCM, Inc.’s Equity Incentive Plan, the exercise price and the number of shares of common stock subject to options held by NCM, Inc.’s option holders were adjusted to prevent dilution and restore their economic value that existed immediately before the special dividend. The antidilution adjustments made with respect to such options resulted in a decrease in the range of exercise prices from $5.35 - $24.68 per share to $5.18 - $23.90 per share and an increase in the aggregate number of shares issuable upon exercise of such options by 98,589 shares, or 3.3%, of previously outstanding options. The number of shares authorized under the Equity Incentive Plan increased by an equivalent number of shares. There were no accounting consequences for the changes made to reduce the exercise prices and increase the number of underlying options as a result of the special cash dividend because the aggregate fair values of the awards immediately before and after the modifications were the same. Recent Accounting Pronouncements— The Company has considered all recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its unaudited condensed financial statements.

Intangible Assets	3 Months Ended
Intangible Assets	Mar. 27, 2014
Intangible Assets [Abstract]
Intangible Assets	2.INTANGIBLE ASSETS In accordance with NCM LLC’s Common Unit Adjustment Agreement with our founding members, on an annual basis we determine 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. During the first quarter of 2014 and 2013, we issued 1,087,911 and 4,536,014 common membership units to our founding members, respectively, for the rights to exclusive access to net new theatre screens and attendees added by the founding members to NCM LLC’s network during the previous year. The Company recorded a net intangible asset of $16.4 million and $69.0 million during the first quarter of 2014 and 2013, respectively, as a result of the Common Unit Adjustments. 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 in excess of two percent of the annual total attendance at the prior date. If an existing on-screen advertising agreement with an alternative provider is in place with respect to any acquired theatres, the founding members may elect to receive common membership units related to those encumbered theatres in connection with the Common Unit Adjustment. If the founding members make this election, they are required to make payments on a quarterly basis in arrears in accordance with certain run-out provisions pursuant to the ESAs (“integration payments”). During the three months ended March 27, 2014, the Company recorded a reduction to net intangible assets of $0.2 million related to integration payments due from AMC and Cinemark related to their acquisitions of theatres from Rave Cinemas that are encumbered by an existing on-screen advertising agreement with an alternative provider. During the three months ended March 27, 2014 and March 28, 2013, AMC and Cinemark paid a total of $0.7 million and $0.0 million, respectively, in integration payments. The Company’s intangible assets with its 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. In addition, the Company records intangible assets for up-front fees paid to network affiliates upon commencement of a network affiliate agreement. 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 network affiliate agreement. 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. Integration payments are calculated based upon 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.

Related-Party Transactions

3 Months Ended

Mar. 27, 2014

3.RELATED PARTY TRANSACTIONS

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



	Three Months Ended
Included in the Condensed Statements of Income:	March 27, 2014		March 28, 2013
Revenue:
Beverage concessionaire revenue (included in advertising revenue) (1)	$	9.4	$	8.9
Advertising inventory revenue (included in advertising revenue) (2)		0.1		-
Operating expenses:
Theatre access fee (3)		17.4		15.6
Revenue share from Fathom Events (included in Fathom Events operating costs) (4)		-		0.9
Purchase of movie tickets and concession products (included in selling and marketing costs) (5)		0.2		0.2
Administrative fee - managing member (6)		2.9		2.8
Non-operating expenses:
Interest income from notes receivable (included in interest income) (7)		0.3		-

__________

(1)

For the three months ended March 27, 2014 and March 28, 2013, 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 rate specified by the ESA at a 30 second equivalent cost per thousand (“CPM”).

(2)

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

(3)

(4)

Prior to the sale of Fathom Events on December 26, 2013, these payments were at rates (percentage of event revenue) included in the previous ESAs based on the nature of the event.

(5)

Used primarily for marketing to NCM LLC’s advertising clients.

(6)

(7)



	As of
Included in the Condensed Balance Sheets:	March 27, 2014		December 26, 2013
Purchase of movie tickets and concession products (included in Prepaid expenses) (1)	$	0.2	$	-
Prepaid administrative fees to managing member (2)		0.8		0.8
Current portion of notes receivable - founding members (3)		4.2		4.2
Long-term portion of notes receivable - founding members (3)		20.8		20.8
Interest receivable on notes receivable (3)		0.3		-
Common unit adjustments and integration payments, net of amortization (included in intangible assets) (4)		474.7		463.4

__________

(1)

Used primarily for marketing to NCM LLC’s advertising clients.

(2)

(3)

Refer to the discussion of notes receivable from the founding members above.

(4)

Refer to Note 2—Intangible Assets for further information on integration payments.

We have been granted a perpetual, royalty-free license from our 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 our founding members.

Pursuant to the terms of the NCM LLC Operating Agreement in place since the completion of NCM, Inc.’s Initial Public Offering (“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 three months ended March 27, 2014 and March 28, 2013 are as follows (in millions):



	Three Months Ended
	March 27, 2014		March 28, 2013
AMC	$	1.7	$	2.5
Cinemark		2.2		2.4
Regal		2.3		3.1
NCM, Inc.		5.3		7.1
Total	$	11.5	$	15.1

The mandatory distributions of available cash by NCM LLC to its founding members for the three months ended March 27, 2014 of $6.2 million is included in amounts due to founding members on the unaudited Condensed Balance Sheets as of March 27, 2014 and will be made in the second quarter of 2014. The mandatory distributions of available cash by NCM LLC to its managing member for the three months ended March 27, 2014 of $5.3 million is included in amounts due to managing member on the unaudited Condensed Balance Sheets as of March 27, 2014 and will be made in the second quarter of 2014.

Amounts due to founding members as of March 27, 2014 were comprised of the following (in millions):



	AMC		Cinemark		Regal		Total
Theatre access fees, net of beverage revenues	$	0.7	$	0.8	$	1.2	$	2.7
Cost and other reimbursement		(0.1)		(0.2)		-		(0.3)
Distributions payable		1.7		2.2		2.3		6.2
Total	$	2.3	$	2.8	$	3.5	$	8.6

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, net		8.7		10.9		11.4		31.0
Total	$	7.3	$	10.9	$	11.9	$	30.1

Amounts due to/from managing member were comprised of the following (in millions):



	As of
	March 27, 2014		December 26, 2013
Distributions payable	$	5.3	$	26.5
Cost and other reimbursement		(2.6)		(1.9)
Total	$	2.7	$	24.6

AC JV, LLC Transactions –Following is a summary of the transactions between NCM LLC and AC JV, LLC (in millions):



	Three Months Ended
Included in the Condensed Statements of Income:	March 27, 2014		March 28, 2013
Transition services (included in network costs) (1)	$	0.1	$	-

(1)

In connection with the sale of Fathom Events, 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. These fees received by NCM LLC are included as an offset to network costs in the unaudited Condensed Statements of Income.



	As of
Included in the Condensed Balance Sheets:	March 27, 2014		December 26, 2013
Amounts due from AC JV, LLC (included in other current assets) (1)	$	0.6	$	-
Investment in AC JV, LLC (included in other investments) (2)		1.1		1.1

(1)

As described above, NCM LLC entered into a transition services agreement with AC JV, LLC for reimbursement of certain expenses and NCM LLC continued to perform back office accounting and as such, these amounts primarily represent the settlement of AC JV, LLC’s revenue and expenses..

(2)

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 earnings of AC JV, LLC is recorded within other non-operating income (expense) in the unaudited Condensed Statements of Income.

Related Party Affiliates — NCM LLC enters into network affiliate agreements with network affiliates for NCM LLC to provide in-theatre advertising 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.

Following is a summary of advertising operating costs in the unaudited Condensed Statements of Income between the Company and its related party affiliates (in millions):



	Three Months Ended
Related Party Affiliate	March 27, 2014		March 28, 2013
Starplex (1)	$	0.5	$	0.5
Other		-		0.1
Total	$	0.5	$	0.6

Following is a summary of the accounts payable balance between the Company and its related party affiliates included in the unaudited Condensed Balance Sheets (in millions):



	As of
Related Party Affiliate	March 27, 2014		December 26, 2013
Starplex (1)	$	0.7	$	0.7
Other		-		0.1
Total	$	0.7	$	0.8

(1)

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

Other Transactions – NCM LLC has an agreement with an interactive media company to sell some of its online inventory. One of NCM, Inc.’s directors is also a director of this media company. During the three months ended March 27, 2014 and March 28, 2013, this company generated approximately $0.1 million and $0.1 million, respectively, in revenue for NCM LLC and there was approximately $0.6 million and $0.6 million of accounts receivable due from this company as of March 27, 2014 and December 26, 2013, respectively.

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.

Borrowings

3 Months Ended

Mar. 27, 2014

Borrowings [Abstract]

Borrowings

4.BORROWINGS

The following table summarizes the Company’s total outstanding debt as of March 27, 2014 and December 26, 2013 and the significant terms of its borrowing arrangements.



	Outstanding Balance as of
Borrowings ($ in millions)	March 27, 2014		December 26, 2013		Maturity Date		Interest Rate
Revolving Credit Facility	$	37.0	$	20.0	November 26, 2017	(1)	(2)
Term Loans		270.0		270.0	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	$	907.0	$	890.0
Less: current portion of long-term debt		(14.0)		(14.0)
Long-term debt, less current portion	$	893.0	$	876.0

____________

(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— The Company’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, the Company 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. The obligations under the facility are secured by a lien on substantially all of the assets of the Company.

Revolving Credit Facility— The revolving credit facility portion of the Company’s total borrowings is available, subject to certain conditions, for general corporate purposes of the Company 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.

The Company’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 will not be repaid in connection with any future prepayments of the revolving credit facility amounts. This portion of the revolving credit facility will be paid in full by the Company, along with any accrued and unpaid fees and interest, on December 31, 2014. The maturity date applicable to any remaining outstanding revolving credit facility principal is November 26, 2017.

Borrowings under the revolving credit facility bear interest at the Company’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 the Company (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, the Company 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 of the revolving credit facility discussed above 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 March 27, 2014 was 2.16%.

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 the Company’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 March 27, 2014 was 2.91%. 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 Company was in compliance as of March 27, 2014, including maintaining a consolidated net senior secured leverage ratio of equal to or less than 6.5 times on a quarterly basis. In addition, there are no borrower distribution restrictions as long as the Company’s consolidated net senior secured leverage ratio is below 6.5 times and the Company is in compliance with its debt covenants. As of March 27, 2014, the Company’s consolidated net senior secured leverage ratio was 3.1 times (versus the covenant of 6.5 times).

Senior Unsecured Notes due 2021— On July 5, 2011, the Company completed a private placement of $200.0 million in aggregate principal amount of 7.875% Senior Unsecured Notes (“Senior Unsecured Notes”) for which the registered exchange offering was completed on September 22, 2011. The Senior Unsecured Notes pay interest semi-annually in arrears on January 15 and July 15 of each year, which commenced 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 March 27, 2014.

Senior Secured Notes due 2022— On April 27, 2012, the Company completed a private placement of $400.0 million in aggregate principal amount of 6.00% Senior Secured Notes (the “Senior Secured Notes”) for which the registered exchange offering was completed on November 26, 2012. The Senior Secured Notes 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 the Company, rank the same as the Company’s senior secured credit facility, subject to certain exceptions, and share in the same collateral that secures the Company’s obligations under the senior secured credit facility. The Senior Secured Notes contain certain covenants with which the Company was in compliance as of March 27, 2014.

Commitments And Contingencies	3 Months Ended
Commitments And Contingencies	Mar. 27, 2014
Commitments And Contingencies [Abstract]
Commitments And Contingencies	5.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, results of operations or cash flows. Minimum Revenue Guarantees― As part of the network affiliate agreements entered into 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 $40.9 million over the remaining terms of the network affiliate agreements. As of March 27, 2014 and December 26, 2013, 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

3 Months Ended

Mar. 27, 2014

Fair Value Measurement [Abstract]

Fair Value Measurement

6.FAIR VALUE MEASUREMENT

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.

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 —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 March 27, 2014 and December 26, 2013, the Company had other investments of $1.1 million, which was comprised of the Company’s investment in AC JV, LLC. As of December 26, 2013, this investment was 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. The fair value of the investments was not estimated as of March 27, 2014 as there were no identified events or changes in circumstances that had a significant adverse effect on the fair value of the investments, and it is not practicable to do so because the equity securities are not in a publicly traded company.

As of March 27, 2014 and 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 3—Related Party Transactions. As of December 26, 2013, 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. The fair value of the notes was not estimated as of March 27, 2014 as there were no identified events or changes in circumstances that had a significant adverse effect on the fair value of the notes receivable.

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 March 27, 2014				As of December 26, 2013
($ in millions)	Carrying Value		Fair Value (1)		Carrying Value		Fair Value (1)
Term Loans	$	270.0	$	269.1	$	270.0	$	269.5
Senior Unsecured Notes		200.0		221.4		200.0		220.4
Senior Secured Notes		400.0		422.3		400.0		414.0

(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.

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

3 Months Ended

Mar. 27, 2014

Derivative Instruments And Hedging Activities

7.derivative instruments AND HEDGING ACTIVITIES

During 2012, the Company terminated interest rate swap agreements that were used to hedge its interest rate risk associated with its term loan. Following the termination of the swap agreements, the variable interest rate on the Company’s $270.0 million term loan is unhedged and as of March 27, 2014 and December 26, 2013, the Company did not have any outstanding derivative assets or liabilities.

A portion of the breakage fees paid to terminate the swap agreements 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, Derivatives and Hedging 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 March 27, 2014, there was approximately $9.1 million outstanding related to these discontinued cash flow hedges which continues to be reported in AOCI and will be amortized into earnings in the next twelve months.

The changes in AOCI by component for the three months ended March 27, 2014 and March 28, 2013 were as follows (in millions):


		Three Months Ended			Income Statement
		March 27, 2014		March 28, 2013	Location
Balance at beginning of period	$	(11.6)	$	(21.9)
Amounts reclassified from AOCI:
Amortization on discontinued cash flow hedges		2.5		2.5	Amortization of terminated derivatives
Total amounts reclassified from AOCI		2.5		2.5
Net other comprehensive income		2.5		2.5
Balance at end of period	$	(9.1)	$	(19.4)

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.

+ References

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+ Details

Segment Reporting

3 Months Ended

Mar. 27, 2014

Segment Reporting [Abstract]

Segment Reporting

8.SEGMENT REPORTING

Advertising revenue accounted for 100.0% and 89.7% of total revenue for the three months ended March 27, 2014 and March 28, 2013, respectively. The following tables present revenue less directly identifiable expenses to arrive at income before income taxes, net of direct expenses for the advertising reportable segment, the combined Fathom Events operating segments (disposed on December 26, 2013), and network, administrative and unallocated costs.



	Three Months Ended March 27, 2014 (in millions)
	Advertising		Fathom Events (1)		Network, Administrative and Unallocated Costs		Total
Revenue	$	70.2	$	-	$	-	$	70.2
Operating costs		22.4		-		4.6		27.0
Selling and marketing costs		14.3		-		0.7		15.0
Administrative and other costs		0.8		-		6.8		7.6
Depreciation and amortization		-		-		7.8		7.8
Interest and other non-operating costs		-		-		15.4		15.4
Income (loss) before income taxes	$	32.7	$	-	$	(35.3)	$	(2.6)



	Three Months Ended March 28, 2013 (in millions)
	Advertising		Fathom Events (1)		Network, Administrative and Unallocated Costs		Total
Revenue	$	73.7	$	8.5	$	-	$	82.2
Operating costs		21.3		5.8		4.8		31.9
Selling and marketing costs		13.7		1.1		0.6		15.4
Administrative and other costs		0.3		0.2		7.4		7.9
Depreciation and amortization						5.4		5.4
Interest and other non-operating costs						15.8		15.8
Income (loss) before income taxes	$	38.4	$	1.4	$	(34.0)	$	5.8

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



	Three Months Ended
	March 27, 2014		March 28, 2013
National advertising revenue	$	42.7	$	51.5
Local advertising revenue		18.1		13.3
Founding member advertising revenue from beverage concessionaire agreements		9.4		8.9
Fathom Consumer revenue (1)		-		8.3
Fathom Business revenue (1)		-		0.2
Total revenue	$	70.2	$	82.2

___________

(1) Fathom Events was sold on December 26, 2013 as discussed in Note 3—Related Party Transactions.

Schedule Of Related Party Transactions

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.

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+ Details

Subsequent Event	3 Months Ended
Subsequent Event	Mar. 27, 2014
Subsequent Event [Abstract]
Subsequent Event	9.SUBSEQUENT EVENT On May 5, 2014, NCM, Inc. agreed to acquire Screenvision from SV Holdco, LLC through an Agreement and Plan of Merger (the “Merger Agreement”), by and among NCM, Inc., and two newly formed NCM, Inc. subsidiaries (collectively “NCM Subsidiaries”) and various Screenvision Holdco LLC subsidiaries (collectively “SV Subsidiaries”). Pursuant to the Merger Agreement, SV Subsidiaries will be acquired by NCM, Inc. as a result of the merger of SV Subsidiaries with NCM Subsidiaries (the “Merger”). As consideration for the Merger, SV Holdco will receive from NCM, Inc. $375 million, consisting of $225 million in cash and $150 million of NCM, Inc. common stock (9,900,990 shares at a fixed price of $15.15 per share). The merger consideration is subject to reduction by an amount equal to 11.8 times the amount, if any, by which SV Subsidiary’s consolidated audited Adjusted EBITDA (calculated consistent with its past practice) for the twelve months ended April 30, 2014 is less than $31.3 million. The merger consideration is also subject to an upward adjustment by the amount of Screenvision’s positive working capital at closing, up to a maximum adjustment of $10.0 million. Consummation of the Merger is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act (“HSR Approval”) and other customary closing conditions, including satisfaction of representations, warranties and covenants. All necessary corporate action by NCM, Inc., SV Holdco and Screenvision to approve the Merger has occurred. NCM, Inc. intends to obtain financing in the form of a bank loan (“NCM Loan”) to finance the transaction. Following the merger, NCM, Inc. will evaluate whether to contribute the Screenvision assets to NCM LLC. Although it is under no obligation to do so, NCM, Inc. expects that it will contribute the Screenvision assets and debt incurred to finance the acquisition to NCM LLC in exchange for 9,900,990 NCM LLC membership units and that the combined operation will result in an estimated $30 million of annual operating cost synergies. It is anticipated that NCM LLC will refinance the NCM Loan with additional NCM LLC debt that could include additional senior secured bank debt or senior secured or unsecured notes. NCM, Inc. and NCM LLC expect that such a contribution would also include an agreement to indemnify each other with respect to potential tax and other liabilities in connection with the contribution. NCM LLC’s founding members and NCM, Inc. have agreed to amend the tax receivable agreement following the Merger. This amendment will provide that any favorable tax attributes effectively acquired by NCM, Inc. from Screenvision as a result of the Merger (including the amount of any net operating losses) will not reduce the amount of any payments that would have otherwise been made by NCM, Inc. to NCM LLC’s founding members under the tax receivable agreement if the Merger had not occurred. The Merger Agreement requires termination payments upon termination of the Merger Agreement under specified circumstances. NCM, Inc. is required to pay SV Holdco a termination fee of $28.84 million if HSR Approval has not been obtained or NCM, Inc. has materially breached its representations or covenants such that the closing conditions in the Merger Agreement cannot be satisfied. If SV Holdco has materially breached its representations or covenants such that the closing conditions in the Merger Agreement cannot be satisfied, SV Holdco is required to pay NCM, Inc. a termination fee of $10 million and, if Screenvision is subsequently sold within one year of the termination, an additional amount equal to the amount by which the sale proceeds are greater than $385 million.

The Company (Policy)	3 Months Ended
The Company (Policy)	Mar. 27, 2014
The Company [Abstract]
Basis Of Presentation	Basis of Presentation The Company has prepared the unaudited condensed financial statements and related notes of NCM LLC in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures typically included in an annual report have been condensed or omitted for this quarterly report. The balance sheet as of December 26, 2013 is derived from the audited financial statements of NCM LLC. Therefore, the unaudited condensed financial statements should be read in conjunction with the NCM LLC audited financial statements and notes thereto included in the Company’s annual report on Form 10-K filed for the fiscal year ended December 26, 2013. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly in all material respects the financial position, results of operations and cash flows for all periods presented have been made. The Company’s business is seasonal and for this and other reasons operating results for interim periods may not be indicative of the Company’s full year results or future performance. As a result of the various related party agreements discussed in Note 3—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	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 and share-based compensation. Actual results could differ from those estimates.
Segment Reporting	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 (“ASC 280”). Until its sale, Fathom Events was an operating segment under ASC 280, but did not meet the annual quantitative thresholds for segment reporting. The Company does not evaluate its segments on a fully allocated cost basis, nor does the Company track segment assets separately. Therefore, the measure of segment operating income net of direct expenses presented herein is not prepared on the same basis as operating income in the unaudited condensed statements of income and 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 8—Segment Reporting.
Concentration Of Credit Risk And Significant Customers	Concentration of Credit Risk and Significant Customers— Bad debts are provided for using the allowance for doubtful accounts method 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 March 27, 2014 and December 26, 2013, 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 three months ended March 27, 2014, revenue related to our founding members’ beverage supplier accounted for 13.3% of total revenue. During the three months ended March 28, 2013, there were no customers that accounted for more than 10% of revenue.
Share-Based Compensation	Share-Based Compensation—The management services agreement between NCM LLC and NCM, Inc. provides that NCM LLC may participate in the NCM, Inc. Equity Incentive Plan. NCM, Inc. has issued stock options, restricted stock and restricted stock units under the NCM, Inc. Equity Incentive Plan. In 2014 and 2013, the Company did not grant stock options. Restricted stock and restricted stock units granted prior to 2013 vest upon the achievement of NCM, Inc. performance measures and service conditions. In 2013, NCM, Inc. granted restricted stock and restricted stock units that vest upon the achievement of NCM, Inc. performance measures and service conditions, or only service conditions. In 2014, restricted stock grants for NCM, Inc. officers vest upon the achievement of NCM, Inc. performance measures and service conditions, or only service conditions, while non-officers grants vest only upon the achievement of service conditions. Compensation expense of restricted stock that vests upon the achievement of NCM, Inc. 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, NCM, Inc. adjusts the expense recognized to reflect the actual vested shares following the resolution of the performance conditions. The recognized expense, including equity based compensation costs of NCM, Inc. employees, is included in the operating results of NCM LLC. Upon the exercise of options or the vesting of restricted stock, NCM, Inc. has the right to acquire from NCM LLC a number of common units equal to the number of NCM, Inc. shares being issued. In consideration for such units, NCM, Inc. contributes to NCM LLC the consideration received for the exercise of options or vesting of shares. During the three months ended March 27, 2014, NCM, Inc. acquired 197,209 units due to the vesting of restricted stock and restricted stock units and exercise of stock options and contributed $0.5 million to NCM LLC for the three months ended March 27, 2014. In connection with NCM, Inc.’s March 2014 special cash dividend of $0.50 per share and pursuant to the antidilution adjustment terms of NCM, Inc.’s Equity Incentive Plan, the exercise price and the number of shares of common stock subject to options held by NCM, Inc.’s option holders were adjusted to prevent dilution and restore their economic value that existed immediately before the special dividend. The antidilution adjustments made with respect to such options resulted in a decrease in the range of exercise prices from $5.35 - $24.68 per share to $5.18 - $23.90 per share and an increase in the aggregate number of shares issuable upon exercise of such options by 98,589 shares, or 3.3%, of previously outstanding options. The number of shares authorized under the Equity Incentive Plan increased by an equivalent number of shares. There were no accounting consequences for the changes made to reduce the exercise prices and increase the number of underlying options as a result of the special cash dividend because the aggregate fair values of the awards immediately before and after the modifications were the same.
Recent Accounting Pronouncements	Recent Accounting Pronouncements— The Company has considered all recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its unaudited condensed financial statements.

Related-Party Transactions (Tables)

3 Months Ended

Mar. 27, 2014


	Three Months Ended
Included in the Condensed Statements of Income:	March 27, 2014		March 28, 2013
Revenue:
Beverage concessionaire revenue (included in advertising revenue) (1)	$	9.4	$	8.9
Advertising inventory revenue (included in advertising revenue) (2)		0.1		-
Operating expenses:
Theatre access fee (3)		17.4		15.6
Revenue share from Fathom Events (included in Fathom Events operating costs) (4)		-		0.9
Purchase of movie tickets and concession products (included in selling and marketing costs) (5)		0.2		0.2
Administrative fee - managing member (6)		2.9		2.8
Non-operating expenses:
Interest income from notes receivable (included in interest income) (7)		0.3		-

__________

(1)

(2)

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

(3)

(4)

Prior to the sale of Fathom Events on December 26, 2013, these payments were at rates (percentage of event revenue) included in the previous ESAs based on the nature of the event.

(5)

Used primarily for marketing to NCM LLC’s advertising clients.

(6)

(7)



	As of
Included in the Condensed Balance Sheets:	March 27, 2014		December 26, 2013
Purchase of movie tickets and concession products (included in Prepaid expenses) (1)	$	0.2	$	-
Prepaid administrative fees to managing member (2)		0.8		0.8
Current portion of notes receivable - founding members (3)		4.2		4.2
Long-term portion of notes receivable - founding members (3)		20.8		20.8
Interest receivable on notes receivable (3)		0.3		-
Common unit adjustments and integration payments, net of amortization (included in intangible assets) (4)		474.7		463.4

__________

(1)

Used primarily for marketing to NCM LLC’s advertising clients.

(2)

(3)

Refer to the discussion of notes receivable from the founding members above.

(4)

Refer to Note 2—Intangible Assets for further information on integration payments.

Schedule Of Mandatory Distributions To Members



	Three Months Ended
	March 27, 2014		March 28, 2013
AMC	$	1.7	$	2.5
Cinemark		2.2		2.4
Regal		2.3		3.1
NCM, Inc.		5.3		7.1
Total	$	11.5	$	15.1

Schedule Of Amounts Due To Founding Members



	AMC		Cinemark		Regal		Total
Theatre access fees, net of beverage revenues	$	0.7	$	0.8	$	1.2	$	2.7
Cost and other reimbursement		(0.1)		(0.2)		-		(0.3)
Distributions payable		1.7		2.2		2.3		6.2
Total	$	2.3	$	2.8	$	3.5	$	8.6

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, net		8.7		10.9		11.4		31.0
Total	$	7.3	$	10.9	$	11.9	$	30.1

Schedule Of Amounts Due To/From Managing Member



	As of
	March 27, 2014		December 26, 2013
Distributions payable	$	5.3	$	26.5
Cost and other reimbursement		(2.6)		(1.9)
Total	$	2.7	$	24.6

Related Party Affiliates [Member]

Schedule Of Related Party Transactions

Following is a summary of advertising operating costs in the unaudited Condensed Statements of Income between the Company and its related party affiliates (in millions):



	Three Months Ended
Related Party Affiliate	March 27, 2014		March 28, 2013
Starplex (1)	$	0.5	$	0.5
Other		-		0.1
Total	$	0.5	$	0.6

Following is a summary of the accounts payable balance between the Company and its related party affiliates included in the unaudited Condensed Balance Sheets (in millions):



	As of
Related Party Affiliate	March 27, 2014		December 26, 2013
Starplex (1)	$	0.7	$	0.7
Other		-		0.1
Total	$	0.7	$	0.8

(1)

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

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

Schedule Of Related Party Transactions



	Three Months Ended
Included in the Condensed Statements of Income:	March 27, 2014		March 28, 2013
Transition services (included in network costs) (1)	$	0.1	$	-

(1)



	As of
Included in the Condensed Balance Sheets:	March 27, 2014		December 26, 2013
Amounts due from AC JV, LLC (included in other current assets) (1)	$	0.6	$	-
Investment in AC JV, LLC (included in other investments) (2)		1.1		1.1

(1)

(2)

Borrowings (Tables)

3 Months Ended

Mar. 27, 2014

Borrowings [Abstract]

Schedule Of Outstanding Debt



	Outstanding Balance as of
Borrowings ($ in millions)	March 27, 2014		December 26, 2013		Maturity Date		Interest Rate
Revolving Credit Facility	$	37.0	$	20.0	November 26, 2017	(1)	(2)
Term Loans		270.0		270.0	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	$	907.0	$	890.0
Less: current portion of long-term debt		(14.0)		(14.0)
Long-term debt, less current portion	$	893.0	$	876.0

____________

(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.

Fair Value Measurement (Tables)

3 Months Ended

Mar. 27, 2014

Fair Value Measurement [Abstract]

Estimated Fair Values Of Company's Financial Instruments



	As of March 27, 2014				As of December 26, 2013
($ in millions)	Carrying Value		Fair Value (1)		Carrying Value		Fair Value (1)
Term Loans	$	270.0	$	269.1	$	270.0	$	269.5
Senior Unsecured Notes		200.0		221.4		200.0		220.4
Senior Secured Notes		400.0		422.3		400.0		414.0

(1)

Derivative Instruments And Hedging Activities (Tables)

3 Months Ended

Mar. 27, 2014

Derivative Instruments And Hedging Activities [Abstract]

Schedule Of Changes In AOCI By Component


		Three Months Ended			Income Statement
		March 27, 2014		March 28, 2013	Location
Balance at beginning of period	$	(11.6)	$	(21.9)
Amounts reclassified from AOCI:
Amortization on discontinued cash flow hedges		2.5		2.5	Amortization of terminated derivatives
Total amounts reclassified from AOCI		2.5		2.5
Net other comprehensive income		2.5		2.5
Balance at end of period	$	(9.1)	$	(19.4)

Segment Reporting (Tables)

3 Months Ended

Mar. 27, 2014

Segment Reporting [Abstract]

Schedule Of Segment Operating Income



	Three Months Ended March 27, 2014 (in millions)
	Advertising		Fathom Events (1)		Network, Administrative and Unallocated Costs		Total
Revenue	$	70.2	$	-	$	-	$	70.2
Operating costs		22.4		-		4.6		27.0
Selling and marketing costs		14.3		-		0.7		15.0
Administrative and other costs		0.8		-		6.8		7.6
Depreciation and amortization		-		-		7.8		7.8
Interest and other non-operating costs		-		-		15.4		15.4
Income (loss) before income taxes	$	32.7	$	-	$	(35.3)	$	(2.6)



	Three Months Ended March 28, 2013 (in millions)
	Advertising		Fathom Events (1)		Network, Administrative and Unallocated Costs		Total
Revenue	$	73.7	$	8.5	$	-	$	82.2
Operating costs		21.3		5.8		4.8		31.9
Selling and marketing costs		13.7		1.1		0.6		15.4
Administrative and other costs		0.3		0.2		7.4		7.9
Depreciation and amortization						5.4		5.4
Interest and other non-operating costs						15.8		15.8
Income (loss) before income taxes	$	38.4	$	1.4	$	(34.0)	$	5.8

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

Summary Of Revenue By Category



	Three Months Ended
	March 27, 2014		March 28, 2013
National advertising revenue	$	42.7	$	51.5
Local advertising revenue		18.1		13.3
Founding member advertising revenue from beverage concessionaire agreements		9.4		8.9
Fathom Consumer revenue (1)		-		8.3
Fathom Business revenue (1)		-		0.2
Total revenue	$	70.2	$	82.2

___________

(1) Fathom Events was sold on December 26, 2013 as discussed in Note 3—Related Party Transactions.

The Company (Narrative) (Details) $ / shares in Units, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 27, 2014 USD ($) customer $ / shares shares	Mar. 28, 2013 customer	Dec. 26, 2013 customer	Mar. 31, 2014 $ / shares
General Company Information [Line Items]
Membership units exchangeable into common stock ratio	1
Contribution to NCM LLC \| $	$ 0.5
Special Dividend [Member]
General Company Information [Line Items]
Cash dividends declared, per share \| $ / shares				$ 0.50
Minimum [Member]
General Company Information [Line Items]
Weighted average exercise price \| $ / shares	$ 5.35
Maximum [Member]
General Company Information [Line Items]
Weighted average exercise price \| $ / shares	$ 24.68
Antidilution Adjustment [Member]
General Company Information [Line Items]
Increase in aggregate number of shares issuable upon exercise	98,589
Percentage of previously outstanding options	3.30%
Antidilution Adjustment [Member] \| Minimum [Member]
General Company Information [Line Items]
Weighted average exercise price \| $ / shares	$ 5.18
Antidilution Adjustment [Member] \| Maximum [Member]
General Company Information [Line Items]
Weighted average exercise price \| $ / shares	$ 23.90
NCM, LLC. [Member]
General Company Information [Line Items]
Common membership units outstanding	128,259,925
NCM Inc. [Member]
General Company Information [Line Items]
Common membership units outstanding	58,716,346
Percentage of common membership units outstanding	45.80%
NCM Inc. [Member] \| Restricted Stock, Restricted Stock Units And Stock Options [Member]
General Company Information [Line Items]
Number of shares of acquired due to vesting	197,209
Regal [Member]
General Company Information [Line Items]
Common membership units outstanding	25,792,942
Percentage of common membership units outstanding	20.10%
Cinemark [Member]
General Company Information [Line Items]
Common membership units outstanding	24,556,136
Percentage of common membership units outstanding	19.10%
AMC [Member]
General Company Information [Line Items]
Common membership units outstanding	19,194,501
Percentage of common membership units outstanding	15.00%
Accounts Receivable [Member]
General Company Information [Line Items]
Number of customers contributing to more than 10% of outstanding gross receivable balance \| customer	0		0
Customer Concentration Risk [Member] \| Sales Revenue, Net [Member]
General Company Information [Line Items]
Number of customers contributing to more than 10% of revenue \| customer		0
Founding Member Advertising Revenue From Beverage Concessionaire Agreements [Member] \| Sales Revenue, Net [Member] \| NCM, LLC. [Member]
General Company Information [Line Items]
Percentage of revenue	13.30%
AC JV, LLC [Member] \| NCM, LLC. [Member]
General Company Information [Line Items]
Ownership percentage	4.00%
AC JV, LLC [Member] \| NCM Inc. [Member]
General Company Information [Line Items]
Ownership percentage			4.00%
AC JV, LLC [Member] \| Regal [Member]
General Company Information [Line Items]
Ownership percentage	32.00%		32.00%
AC JV, LLC [Member] \| Cinemark [Member]
General Company Information [Line Items]
Ownership percentage			32.00%
AC JV, LLC [Member] \| AMC [Member]
General Company Information [Line Items]
Ownership percentage	32.00%		32.00%

Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
Intangible Assets (Details) - USD ($) $ in Millions	Mar. 27, 2014	Mar. 28, 2013
NCM, LLC. [Member]
Finite-Lived Intangible Assets [Line Items]
Common membership units issued	1,087,911	4,536,014
Increase/decrease in intangible assets, net	$ 16.4	$ 69.0
NCM, LLC. [Member] \| Founding Member Payment Election [Member]
Finite-Lived Intangible Assets [Line Items]
Increase/decrease in intangible assets, net	(0.7)	$ 0.0
NCM, LLC. [Member] \| AMC And Cinemark Integration Payments [Member]
Finite-Lived Intangible Assets [Line Items]
Increase/decrease in intangible assets, net	$ (0.2)
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Percentage change in theatre attendance for Common Unit adjustment to occur	(2.00%)
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Percentage change in theatre attendance for Common Unit adjustment to occur	2.00%

Related-Party Transactions (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 27, 2014	Mar. 28, 2013	Dec. 26, 2013
Interactive Media Company [Member]
Related Party Transaction [Line Items]
Related party revenue	$ 0.1	$ 0.1
Accounts receivable	0.6		$ 0.6
Founding Members [Member]
Related Party Transaction [Line Items]
Cash payment due to founding members/managing member	6.2
Managing Member [Member]
Related Party Transaction [Line Items]
Cash payment due to founding members/managing member	$ 5.3

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

3 Months Ended

12 Months Ended

Mar. 27, 2014

Mar. 28, 2013

Dec. 26, 2013

Advertising revenue

$ 70.2

$ 73.7

Theatre access fee

^[1]

17.4

15.6

Fathom Events operating costs

5.8

Selling and marketing costs

15.0

15.4

Advertising operating costs

5.0

5.7

Administrative fee - managing member

^[2]

2.9

2.8

Interest income from notes receivable (included in interest income)

$ 0.3

^[3]

$ 0.0

On-screen advertising time purchased, in seconds

60 seconds

On-screen advertising time to satisfy agreement obligations

30 seconds

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

$ 25.0

Maximum [Member]

90 seconds

Beverage Concessionaire [Member]

Advertising revenue

^[4]

$ 9.4

$ 8.9

Advertising Inventory [Member]

Advertising revenue

^[5]

0.1

Revenue Share From Fathom Events [Member]

Fathom Events operating costs

^[6]

0.9

Purchase Of Movie Tickets And Concession Products [Member]

Selling and marketing costs

^[7]

$ 0.2

NCM Inc. [Member] | Founding Members [Member]

Interest rate on notes receivable

$ 25.0

5.00%

NCM Inc. [Member] | AMC [Member]

NCM Inc. [Member] | Regal [Member]

$ 8.3

NCM Inc. [Member] | Cinemark [Member]

8.3

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

$ 8.3

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

32.00%

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

32.00%

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

32.00%

4.00%

[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]	Pursuant to the Management Services Agreement between NCM, Inc. and NCM LLC, NCM, Inc. provides certain specific management services to NCM LLC, including the services of the President and Chief Executive Officer, President of Sales and Marketing, Interim Co-Chief Financial Officers, Executive Vice President and Chief Operations Officer and Chief Technology Officer and Executive Vice President and General Counsel. In exchange for these services, NCM LLC reimburses NCM, Inc. for compensation paid to the officers (including share based compensation) and other expenses of the officers and for certain out-of-pocket costs.
[3]	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 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.
[4]	For the three months ended March 27, 2014 and March 28, 2013, 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 rate specified by the ESA at a 30 second equivalent cost per thousand (“CPM”).
[5]	The value of such purchases is calculated by reference to NCM LLC’s advertising rate card
[6]	Prior to the sale of Fathom Events on December 26, 2013, these payments were at rates (percentage of event revenue) included in the previous ESAs based on the nature of the event.
[7]	Used primarily for marketing to NCM LLC’s advertising clients.

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

Mar. 27, 2014

Dec. 26, 2013

Mar. 28, 2013

Prepaid administrative fees to managing member

$ 4.2

$ 2.9

^[1]

0.8

Current portion of notes receivable-founding members

^[2]

4.2

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

^[2]

20.8

Interest receivable on notes receivable

^[2]

0.3

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

503.7

492.0

Purchase Of Movie Tickets And Concession Products [Member]

Common Unit Adjustments And Integration Payments [Member]

0.2

^[3]

$ 0.0

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

^[4]

$ 474.7

$ 463.4

[1]	The payments to NCM, Inc. for estimated management services related to employment are made one month in advance. NCM LLC also provides administrative and support services to NCM, Inc. such as office facilities, equipment, supplies, payroll, accounting and financial reporting at no charge. Based on the limited activities of NCM, Inc. as a standalone entity, the Company does not believe such unreimbursed costs are significant.
[2]	Refer to the discussion of notes receivable from the founding members above.
[3]	Used primarily for marketing to NCM LLC’s advertising clients.
[4]	Refer to Note 2—Intangible Assets for further information on integration payments.

Related-Party Transactions (Schedule Of Mandatory Distributions To Members) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 27, 2014	Mar. 28, 2013
Related Party Transaction [Line Items]
Cash payments to members	$ 11.5	$ 15.1
AMC [Member]
Related Party Transaction [Line Items]
Cash payments to members	1.7	2.5
Cinemark [Member]
Related Party Transaction [Line Items]
Cash payments to members	2.2	2.4
Regal [Member]
Related Party Transaction [Line Items]
Cash payments to members	2.3	3.1
NCM Inc. [Member]
Related Party Transaction [Line Items]
Cash payments to members	$ 5.3	$ 7.1

Related-Party Transactions (Schedule Of Amounts Due To Founding Members) (Details) - USD ($) $ in Millions	Mar. 27, 2014	Dec. 26, 2013
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	$ 2.7	$ 2.4
Cost and other reimbursement	(0.3)	(3.3)
Distributions payable	6.2	31.0
Amounts due to founding members	8.6	30.1
AMC [Member]
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	0.7	0.6
Cost and other reimbursement	(0.1)	(2.0)
Distributions payable	1.7	8.7
Amounts due to founding members	2.3	7.3
Cinemark [Member]
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	0.8	0.7
Cost and other reimbursement	(0.2)	(0.7)
Distributions payable	2.2	10.9
Amounts due to founding members	2.8	10.9
Regal [Member]
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	1.2	1.1
Cost and other reimbursement		(0.6)
Distributions payable	2.3	11.4
Amounts due to founding members	$ 3.5	$ 11.9

Related-Party Transactions (Schedule Of Amounts Due To/From Managing Member) (Details) - USD ($) $ in Millions	Mar. 27, 2014	Dec. 26, 2013
Related Party Transaction [Line Items]
Distributions payable	$ 6.2	$ 31.0
Cost and other reimbursement	(0.3)	(3.3)
Amounts due to managing member	2.7	24.6
Managing Member [Member]
Related Party Transaction [Line Items]
Distributions payable	5.3	26.5
Cost and other reimbursement	(2.6)	(1.9)
Amounts due to managing member	$ 2.7	$ 24.6

Related-Party Transactions (Summary Of Transactions Between NCM LLC And AC JV, LLC Included in Statements Of Income) (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 27, 2014

Mar. 28, 2013

Network costs

$ 4.6

$ 4.8

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

Network costs

^[1]

$ 0.1

[1]

Related-Party Transactions (Summary Of Transactions Between NCM LLC And AC JV, LLC Included In Balance Sheets) (Details) - USD ($)
$ in Millions

Mar. 27, 2014

Dec. 26, 2013

Other assets current

$ 0.9

Other investments

1.1

$ 1.1

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

Other assets current

^[1]

0.6

Other investments

^[2]

$ 1.1

[1]

[2]

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

3 Months Ended

Mar. 27, 2014

Mar. 28, 2013

Dec. 26, 2013

Accounts payable, related party affiliates

$ 0.7

$ 0.8

Starplex [Member]

Accounts payable, related party affiliates

^[1]

0.7

Other [Member]

Accounts payable, related party affiliates

$ 0.1

Advertising Operating Cost [Member]

Advertising operating costs, related party affiliates

0.5

$ 0.6

Advertising Operating Cost [Member] | Starplex [Member]

Advertising operating costs, related party affiliates

^[1]

$ 0.5

0.5

Advertising Operating Cost [Member] | Other [Member]

Advertising operating costs, related party affiliates

$ 0.1

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

Borrowings (Narrative) (Details)

3 Months Ended

12 Months Ended

Mar. 27, 2014

USD ($)

item

Dec. 26, 2013

USD ($)

Dec. 27, 2012

USD ($)

Nov. 26, 2012

USD ($)

Sep. 22, 2011

USD ($)

Current portion of long-term debt

$ 907,000,000

$ 890,000,000

$ 14,000,000

14,000,000

Senior Secured Credit Facility [Member]

Senior secured leverage ratio | item

3.1

Revolving Credit Facility [Member]

Borrowing amount of credit facility

$ 124,000,000

$ 37,000,000

$ 20,000,000

Weighted-average interest rate

^[1],[2]

Nov. 26, 2017

Unused line fee, percent

0.50%

2.16%

Decrease in basis points

(0.25%)

Term Loans [Member]

Debt instrument, face amount

$ 270,000,000

^[2]

$ 270,000,000

^[2]

$ 265,000,000

$ 270,000,000

Weighted-average interest rate

^[2]

Nov. 26, 2019

2.91%

Decrease in basis points

(0.50%)

Term Loans [Member] | LIBOR [Member]

Term Loans [Member] | Base Rate [Member]

2.75%

Revolving Credit Facility Due November 26, 2017 [Member]

1.75%

Portion of revolving credit facility

$ 110,000,000

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

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

2.00%

Revolving Credit Facility Due December 31, 2014 [Member]

1.00%

Borrowing amount of credit facility

$ 14,000,000

$ 14,000,000

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

Dec. 31, 2014

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

1.50%

Senior Unsecured Notes [Member]

0.50%

Debt instrument, face amount

$ 200,000,000

$ 200,000,000

Date of first required interest payment

Jul. 15, 2021

Stated interest rate

7.875%

Jan. 15, 2012

Senior Secured Notes [Member]

Debt instrument, face amount

$ 400,000,000

$ 400,000,000

Date of first required interest payment

Apr. 15, 2022

Stated interest rate

6.00%

Oct. 15, 2012

Maximum [Member] | Senior Secured Credit Facility [Member]

Senior secured leverage ratio | item

6.5

[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

3 Months Ended

12 Months Ended

Mar. 27, 2014

Dec. 26, 2013

Dec. 27, 2012

Nov. 26, 2012

Sep. 22, 2011

Less: current portion of long-term debt

$ 907.0

$ 890.0

(14.0)

Long-term debt, less current portion

893.0

876.0

Revolving Credit Facility [Member]

$ 37.0

$ 20.0

^[1],[2]

Nov. 26, 2017

Term Loans [Member]

$ 270.0

^[2]

$ 270.0

^[2]

$ 265.0

Senior Unsecured Notes [Member]

^[2]

Nov. 26, 2019

$ 200.0

Senior Secured Notes [Member]

Jul. 15, 2021

Interest Rate

7.875%

$ 400.0

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

Apr. 15, 2022

Interest Rate

6.00%

[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.

Commitments And Contingencies (Narrative) (Details) - USD ($) $ in Millions	Mar. 27, 2014	Dec. 26, 2013
Other Commitments [Line Items]
Maximum potential payment	$ 40.9
Carrying amount of minimum 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

Fair Value Measurement (Narrative) (Details) - USD ($) $ in Millions	Mar. 27, 2014	Dec. 26, 2013
Fair Value Measurement [Abstract]
Other investments	$ 1.1	$ 1.1
Promissory notes receivable from founding members	$ 25.0	$ 25.0

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

Mar. 27, 2014

Dec. 26, 2013

Carrying Value [Member]

Term Loan

$ 270.0

Fair Value [Member]

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

Term Loan

^[1]

269.1

269.5

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

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

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

200.0

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

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

^[1]

221.4

220.4

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

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

400.0

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

^[1]

$ 422.3

$ 414.0

[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.

Derivative Instruments And Hedging Activities (Narrative) (Details) - USD ($)	Mar. 27, 2014	Dec. 26, 2013
Derivative [Line Items]
Amount outstanding related to cash flow hedges	$ 9,100,000
Term Loans [Member]
Derivative [Line Items]
Debt instrument face amount	$ 270,000,000	$ 270,000,000

Derivative Instruments And Hedging Activities (Schedule Of Changes in AOCI By Component) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 27, 2014	Mar. 28, 2013
Derivative Instruments And Hedging Activities [Abstract]
Balance at beginning of period	$ (11.6)	$ (21.9)
Amortization on discontinued cash flow hedges	2.5	2.5
Total amounts reclassified from AOCI	2.5	2.5
Net other comprehensive income	2.5	2.5
Balance at end of period	$ (9.1)	$ (19.4)

Segment Reporting (Narrative) (Details)	3 Months Ended
Segment Reporting (Narrative) (Details)	Mar. 27, 2014	Mar. 28, 2013
Advertising [Member]
Segment Reporting Information [Line Items]
Percentage of revenue	100.00%	89.70%

Segment Reporting (Schedule Of Segment Operating Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 27, 2014	Mar. 28, 2013
Segment Reporting Information [Line Items]
Revenue	$ 70.2	$ 82.2
Operating costs	27.0	31.9
Selling and marketing costs	15.0	15.4
Administrative and other costs	7.6	7.9
Depreciation and amortization	7.8	5.4
Interest and other non-operating costs	15.4	15.8
(LOSS) INCOME BEFORE INCOME TAXES	(2.6)	5.8
Advertising [Member]
Segment Reporting Information [Line Items]
Revenue	70.2	73.7
Operating costs	22.4	21.3
Selling and marketing costs	14.3	13.7
Administrative and other costs	0.8	0.3
(LOSS) INCOME BEFORE INCOME TAXES	32.7	38.4
Fathom Events And Other [Member]
Segment Reporting Information [Line Items]
Revenue		8.5
Operating costs		5.8
Selling and marketing costs		1.1
Administrative and other costs		0.2
(LOSS) INCOME BEFORE INCOME TAXES		1.4
Network, Administrative And Unallocated Costs [Member]
Segment Reporting Information [Line Items]
Operating costs	4.6	4.8
Selling and marketing costs	0.7	0.6
Administrative and other costs	6.8	7.4
Depreciation and amortization	7.8	5.4
Interest and other non-operating costs	15.4	15.8
(LOSS) INCOME BEFORE INCOME TAXES	$ (35.3)	$ (34.0)

Segment Reporting (Summary Of Revenue By Category) (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 27, 2014

Mar. 28, 2013

National Advertising Revenue [Member]

$ 70.2

$ 82.2

Local Advertising Revenue [Member]

42.7

51.5

Founding Member Advertising Revenue From Beverage Concessionaire Agreements [Member]

18.1

13.3

Fathom Consumer Revenue [Member]

$ 9.4

8.9

Fathom Business Revenue [Member]

^[1]

8.3