Document And Entity Information - shares |
6 Months Ended | |
---|---|---|
Jun. 26, 2014 |
Aug. 05, 2014 |
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Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 26, 2014 | |
Document Fiscal Year Focus | 2014 | |
Document Fiscal Period Focus | Q2 | |
Entity Registrant Name | National CineMedia, LLC | |
Entity Central Index Key | 0001527190 | |
Entity Filer Category | Non-accelerated Filer | |
Current Fiscal Year End Date | --01-01 | |
Entity Common Stock, Shares Outstanding | 128,285,768 |
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- Definition Document And Entity Information [Abstract] No definition available.
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Current amounts due to managing members. No definition available.
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- Definition Prepaid administrative fees to managing member. No definition available.
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net amount of long-term deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date more than one year from the balance sheet date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Condensed Balance Sheets (Parenthetical) - USD ($) $ in Millions |
Jun. 26, 2014 |
Dec. 26, 2013 |
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Allowance for doubtful accounts receivable | $ 5.8 | $ 5.7 | ||
Prepaid expenses | 3.7 | 2.9 | ||
Accumulated depreciation, property and equipment | 73.7 | 69.5 | ||
Accumulated amortization, intangible assets | 58.4 | 48.7 | ||
Accumulated amortization, debt issuance costs | 16.4 | 15.0 | ||
Accounts payable, related parties | 0.9 | 0.8 | ||
Accumulated other comprehensive loss | 6.6 | $ 11.6 | ||
Purchase Of Movie Tickets And Concession Products [Member] | ||||
Prepaid expenses | [1] | $ 0.2 | ||
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- Definition Amount for accounts payable to related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount of accumulated amortization of long-term deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Condensed Statements Of Income - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | |||||||
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Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
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REVENUE: | |||||||||
Advertising (including revenue from founding members of $9.8, $11.2, $19.3 and $20.1 respectively) | $ 99.9 | $ 116.9 | $ 170.1 | $ 190.6 | |||||
Fathom Events | 5.9 | 14.4 | |||||||
Total | 99.9 | 122.8 | 170.1 | 205.0 | |||||
OPERATING EXPENSES: | |||||||||
Advertising operating costs (including $0.9, $0.9, $1.4 and $1.5 to related parties, respectively) | 6.6 | 8.1 | 11.6 | 13.8 | |||||
Fathom Events operating costs (including $0.0, $1.1, $0.0 and $2.0 to founding members, respectively) | 4.2 | 10.0 | |||||||
Network costs | 4.4 | 4.9 | 9.0 | 9.7 | |||||
Theatre access fees - founding members | [1] | 17.9 | 18.1 | 35.3 | 33.7 | ||||
Selling and marketing costs (including $0.3, $0.5, $0.5 and $0.7 to founding members, respectively) | 14.1 | 15.7 | 29.1 | 31.1 | |||||
Administrative and other costs | 4.2 | 4.9 | 8.9 | 10.0 | |||||
Administrative fee - managing member | [2] | 2.9 | 2.7 | 5.8 | 5.5 | ||||
Depreciation and amortization | 7.8 | 6.2 | 15.6 | 11.6 | |||||
Total | 57.9 | 64.8 | 115.3 | 125.4 | |||||
OPERATING INCOME | 42.0 | 58.0 | 54.8 | 79.6 | |||||
NON-OPERATING EXPENSES: | |||||||||
Interest on borrowings | 13.0 | 12.8 | 26.1 | 26.1 | |||||
Interest income (including $0.3, $0.0, $0.6 and $0.0 from founding members, respectively) | (0.3) | (0.6) | |||||||
Amortization of terminated derivatives | 2.5 | 2.7 | 5.0 | 5.2 | |||||
Other non-operating expense | 0.1 | 1.2 | 0.2 | 1.2 | |||||
Total | 15.3 | 16.7 | 30.7 | 32.5 | |||||
INCOME BEFORE INCOME TAXES | 26.7 | 41.3 | 24.1 | 47.1 | |||||
Income tax expense | 0.3 | 0.2 | 0.5 | 0.4 | |||||
NET INCOME | $ 26.4 | $ 41.1 | $ 23.6 | $ 46.7 | |||||
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- Definition Amortization of terminated derivatives. No definition available.
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- Definition Events operating costs. No definition available.
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- Definition Events Revenue No definition available.
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- Definition Managing member administrative fee. No definition available.
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- Definition Revenue from the sale of advertising time (such as television and radio) or space (newspaper or magazine pages). May also include advertising, marketing and promotional services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Costs incurred and are directly related to generating advertising revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition 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
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Other costs incurred and are directly related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of other expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating expense recognized during the period. Such amounts may include: (a) unusual costs, (b) loss on foreign exchange transactions, (c) losses on securities (net of profits), and (d) miscellaneous other expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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Condensed Statements Of Income (Parenthetical) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
|||||
Revenue from founding members | $ 9.8 | $ 11.2 | $ 19.3 | $ 20.1 | ||||
Interest income - founding members | 0.3 | [1] | 0.0 | 0.6 | [1] | 0.0 | ||
Advertising Operating Cost [Member] | ||||||||
Costs to founding members/related party affiliates | 0.9 | 0.9 | 1.4 | 1.5 | ||||
Fathom Events Operating Cost [Member] | ||||||||
Costs to founding members/related party affiliates | 0.0 | 1.1 | 0.0 | 2.0 | ||||
Selling And Marketing Cost [Member] | ||||||||
Costs to founding members/related party affiliates | $ 0.3 | $ 0.5 | $ 0.5 | $ 0.7 | ||||
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- Definition Costs of sales and operating expenses for the period incurred from transactions with related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of interest income earned from interest-bearing assets owed to the entity by related party. No definition available.
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- Definition Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Condensed Statements Of Comprehensive Income - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
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Statements Of Comprehensive Income (Loss) [Abstract] | ||||
NET INCOME | $ 26.4 | $ 41.1 | $ 23.6 | $ 46.7 |
OTHER COMPREHENSIVE INCOME: | ||||
Amortization of terminated derivatives, net of tax of $0, $0, $0 and $0, respectively | 2.5 | 2.7 | 5.0 | 5.2 |
COMPREHENSIVE INCOME | $ 28.9 | $ 43.8 | $ 28.6 | $ 51.9 |
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition 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
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- References No definition available.
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- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss). No definition available.
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- References No definition available.
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Condensed Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
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Statements Of Comprehensive Income (Loss) [Abstract] | ||||
Amortization of terminated derivatives, tax | $ 0.0 | $ 0.0 | $ 0.0 | $ 0.0 |
X | ||||||||||
- Definition Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Condensed Statements Of Cash Flows - USD ($) $ in Millions |
6 Months Ended | |
---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ 23.6 | $ 46.7 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation and amortization | 15.6 | 11.6 |
Non-cash share-based compensation | 2.4 | 2.4 |
Amortization of terminated derivatives | 5.0 | 5.2 |
Amortization of debt issuance costs | 1.4 | 1.4 |
Write-off of debt issuance costs and other non-operating items | 1.2 | |
Other non-cash operating activities | (0.1) | |
Changes in operating assets and liabilities: | ||
Receivables, net | 10.9 | (11.7) |
Accounts payable and accrued expenses | (12.0) | (3.7) |
Amounts due to founding members and managing member | 0.9 | 5.5 |
Deferred revenue | 5.7 | (0.4) |
Other, net | 0.9 | (0.2) |
Net cash provided by operating activities | 54.3 | 58.0 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchases of property and equipment | (5.2) | (6.0) |
Purchases of intangible assets from affiliate circuits | (0.5) | (3.9) |
Net cash used in investing activities | (5.7) | (9.9) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from borrowings | 63.0 | 28.0 |
Repayments of borrowings | (54.0) | (23.0) |
Payment of debt issuance costs | (0.1) | (3.4) |
Founding member integration payments | 0.9 | 0.2 |
Distributions to founding members and managing member | (69.1) | (55.8) |
Unit settlement for share-based compensation | 0.8 | 4.3 |
Net cash used in financing activities | (58.5) | (49.7) |
CHANGE IN CASH AND CASH EQUIVALENTS | (9.9) | (1.6) |
CASH AND CASH EQUIVALENTS: | ||
Beginning of period | 13.3 | 10.4 |
End of period | 3.4 | 8.8 |
Supplemental disclosure of non-cash financing and investing activity: | ||
Purchase of an intangible asset with NCM LLC equity | 16.4 | 160.2 |
Accrued distributions to founding members and managing member | 34.0 | 52.5 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | 24.5 | 24.8 |
Cash paid for income taxes, net of refunds |
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- Definition Amortization of terminated derivatives. No definition available.
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- Definition Noncash distributions to founding members and managing member. No definition available.
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- Definition Unit settlement for share-based compensation. No definition available.
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- Definition Write-off of debt issuance costs and other non-operating items. No definition available.
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- References No definition available.
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- Definition Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The net addition or reduction in the carrying amount of deferred revenue during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition 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
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- Definition Amount of increase in noncontrolling interest from subsidiary issuance of equity interests to noncontrolling interest holders. No definition available.
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- Definition Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The distributions of earnings to an entity that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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The Company |
6 Months Ended |
---|---|
Jun. 26, 2014 | |
The Company [Abstract] | |
The Company | 1.THE COMPANY
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”). AMC, Regal and Cinemark and their affiliates are referred to in this document as “founding members”. 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 the founding members and certain third-party theatre circuits under network affiliate agreements referred to in this document as “network affiliates”, which expire at various dates.
As of June 26, 2014, NCM LLC had 128,285,768 common membership units outstanding, of which 58,742,189 (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.
Recent Transactions
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.
On May 5, 2014, NCM, Inc. entered into an Agreement and Plan of Merger (the “Merger Agreement”) to merge with Screenvision, LLC (“Screenvision”) for $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 adjustment based upon Screenvision’s Adjusted EBITDA for the twelve months ended April 30, 2014 and Screenvision’s working capital at closing. Consummation of the merger is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act (“HSR Act”) and other customary closing conditions, including satisfaction of representations, warranties and covenants. All necessary corporate action by NCM, Inc. and Screenvision to approve the merger has occurred. During the second quarter of 2014, NCM, Inc. and Screenvision each received a request for additional information (a “second request”) from the U.S. Department of Justice (the “DOJ”) in connection with the DOJ’s review of the merger. Issuance of the second request extends the waiting period under the HSR Act until 30 days after both parties have substantially complied with the requests, unless the waiting period is terminated sooner by the DOJ or the parties otherwise agree to extend the closing date for the merger. The companies have been cooperating with the DOJ staff since shortly after the announcement of the merger and intend to continue to work cooperatively with the DOJ staff in the review of the merger.
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, upon approval of NCM, Inc.’s Board of Directors and the founding members, NCM, Inc. may contribute Screenvision assets and NCM, Inc. debt to NCM LLC in exchange for 9,900,990 NCM LLC membership units. NCM, Inc. has secured a commitment from a group of financial institutions for a $250 million term loan to finance the $225 million portion of the merger consideration that will be paid in cash, along with fees and expenses incurred in connection with the term loan and the merger. In addition, NCM LLC amended its senior secured credit facility to allow for the contribution of the Screenvision assets and NCM, Inc. debt to NCM LLC following the closing of the merger. Further information regarding these financing transactions is described in Note 9 – Subsequent Events.
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. 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. 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— Subsequent to the sale of the Fathom business on December 26, 2013, the sale of advertising is the sole 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 measurement 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 June 26, 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 six months ended June 26, 2014, revenue related to NCM LLC’s founding members’ beverage supplier accounted for 11.3% of total revenue. During the three months ended June 26, 2014 and the three and six months ended June 27, 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 officers vest upon the achievement of NCM, Inc. performance measures and service conditions, or only service conditions, while non-officer 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, the Company 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 and six months ended June 26, 2014 and the three and six months ended June 27, 2013, NCM, Inc. acquired 25,843, 223,052, 505,866 and 880,670 units due to the vesting of restricted stock and restricted stock units and exercise of stock options and contributed $0.3 million, $0.8 million, $3.7 million and $4.3 million to NCM LLC for the three and six months ended June 26, 2014 and the three and six months ended June 27, 2013, respectively.
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
In March 2014, the Emerging Issues Task Force (“EITF”) reached a final consensus on Issue 13-D, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period (“EITF 13-D”). Under EITF 13-D, a performance target that can be achieved after the requisite service period should be treated as a performance condition that affects vesting, rather than a condition that affects grant date fair value. Compensation cost is recognized over the requisite service period if it is probable that the performance condition will be achieved. If necessary, compensation cost is subsequently adjusted, to reflect those awards that ultimately vest. EITF 13-D will be effective, on a prospective basis, for the Company during its first quarter of 2016, with early adoption permitted. The adoption of this standard is not anticipated to have a material impact on the Company's unaudited Condensed Financial Statements or notes thereto.
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which supersedes the revenue recognition requirements in Accounting Standards Codification 605, Revenue Recognition. The new revenue recognition standard requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. This guidance will be effective beginning in fiscal year 2017 and early adoption is not permitted. The standard allows for either a full retrospective or a modified retrospective transition method. The Company is currently evaluating the effect that adopting this new accounting guidance will have on its unaudited Condensed Financial Statements or notes thereto, as well as which transition method it intends to use.
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- References No definition available.
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- Definition The entire disclosure for the general note to the financial statements for the reporting entity which may include, descriptions of the basis of presentation, business description, significant accounting policies, consolidations, reclassifications, new pronouncements not yet adopted and changes in accounting principles. No definition available.
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Intangible Assets |
6 Months Ended |
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Jun. 26, 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 June 26, 2014 and June 27, 2013 and the six months ended June 26, 2014 and June 27, 2013, respectively, the Company recorded a reduction to net intangible assets of $0.6 million, $0.9 million, $0.8 million and $1.1 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 June 26, 2014 and June 27, 2013 and the six months ended June 26, 2014 and June 27, 2013, AMC and Cinemark paid a total of $0.2 million, $0.2 million, $0.9 million and $0.2 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.
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- References No definition available.
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- Definition The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Related-Party Transactions |
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Related-Party Transactions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related-Party Transactions |
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):
__________
__________
At the date of NCM, Inc.’s Initial Public Offering (“IPO”), we were granted a perpetual, royalty-free license from our founding members to use certain proprietary software that existed at the time 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 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 and six months ended June 26, 2014 and June 27, 2013 are as follows (in millions):
The mandatory distributions of available cash by NCM LLC to its founding members for the three months ended June 26, 2014 of $18.4 million is included in amounts due to founding members on the unaudited Condensed Balance Sheets as of June 26, 2014 and will be made in the third quarter of 2014. The mandatory distributions of available cash by NCM LLC to its managing member for the three months ended June 26, 2014 of $15.6 million is included in amounts due to managing member on the unaudited Condensed Balance Sheets as of June 26, 2014 and will be made in the third quarter of 2014. Amounts due to founding members as of June 26, 2014 were comprised of the following (in millions):
Amounts due to founding members as of December 26, 2013 were comprised of the following (in millions):
Amounts due to/from managing member were comprised of the following (in millions):
AC JV, LLC Transactions –Following is a summary of the transactions between NCM LLC and AC JV, LLC (in millions):
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):
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):
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 June 26, 2014 and June 27, 2013 and the six months ended June 26, 2014 and June 27, 2013, respectively, this company generated approximately $0.1 million, $0.0 million, $0.2 million and $0.1 million in revenue for NCM LLC and there was approximately $0.6 million of accounts receivable due from this company as of June 26, 2014 and December 26, 2013.
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- References No definition available.
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Borrowings |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Borrowings [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Borrowings | 4.BORROWINGS
The following table summarizes the Company’s total outstanding debt as of June 26, 2014 and December 26, 2013 and the significant terms of its borrowing arrangements (in millions):
____________
Senior Secured Credit Facility— As of June 26, 2014, the Company’s senior secured credit facility consisted of a $149.0 million revolving credit facility and a $270.0 million term loan. On June 18, 2014, the Company entered into an incremental amendment of its senior secured credit facility whereby the revolving credit facility was increased by $25.0 million from $124.0 million to $149.0 million. In addition, on July 2, 2014, the Company entered into an amendment of its senior secured credit facility whereby the maturity date applicable to $135.0 million of the revolving credit facility was extended by two years to November 26, 2019, which corresponds to the maturity date of the $270 million term loans. The maturity date applicable to the remaining $14.0 million of the revolving credit facility continues to be December 31, 2014. The senior secured credit facility was also amended for certain conditional amendments to allow for the contribution of Screenvision assets and debt from NCM, Inc. to the Company following the closing of the proposed merger upon the approval of the NCM, Inc. board of directors and the founding members. These amendments are discussed further in Note 9 – Subsequent Events. 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.
As of June 26, 2014, the Company’s total availability under the revolving credit facility was $149.0 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. On July 2, 2014, the maturity date applicable to any remaining outstanding revolving credit facility principal was extended by two years to November 26, 2019.
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). The applicable margins on the $135.0 million portion of the revolving credit facility are 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 are 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 June 26, 2014 was 2.13%.
Term Loans— The interest rate on the term loans is 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 June 26, 2014 was 2.90%. 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 June 26, 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 June 26, 2014, the Company’s consolidated net senior secured leverage ratio was 3.3 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 non-maintenance covenants with which the Company is in compliance.
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 non-maintenance covenants with which the Company is in compliance.
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments And Contingencies |
6 Months Ended |
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Jun. 26, 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 $37.2 million over the remaining terms of the network affiliate agreements. As of June 26, 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.
Merger Termination Payment― As described in Note 1 – The Company, on May 5, 2014, NCM, Inc. entered into a Merger Agreement to merge with Screenvision. Consummation of the merger is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, as well, as other customary closing conditions. If NCM, Inc. does not receive approval (or if NCM, Inc. materially breaches its representations or covenants such that the closing conditions in the Merger Agreement cannot be satisfied) NCM, Inc. will be required to pay a termination fee of approximately $28.8 million. NCM LLC would indemnify NCM, Inc. and bear a pro rata portion of this fee based upon NCM, Inc.’s ownership percentage in NCM LLC, with NCM LLC’s founding members bearing the remainder of the fee in accordance with their ownership percentage in NCM LLC. If Screenvision or its affiliates materially breach their representations or covenants such that the closing conditions in the Merger Agreement cannot be satisfied, they will be 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 will be paid to NCM, Inc. up to a maximum of $28.8 million (including the $10 million). As of June 26, 2014, the Company did not have a liability recorded for this termination fee as it does not believe payment to be probable.
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- References No definition available.
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurement |
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Jun. 26, 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 June 26, 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 June 26, 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 June 26, 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 June 26, 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):
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- References No definition available.
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments And Hedging Activities |
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Jun. 26, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments And Hedging Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 June 26, 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 June 26, 2014, there was approximately $6.5 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 six months ended June 26, 2014 and June 27, 2013 were as follows (in millions):
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- References No definition available.
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Reporting |
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting | 8.SEGMENT REPORTING
Advertising revenue accounted for 100.0%, 95.2%, 100.0% and 93.0% of total revenue for the three and six months ended June 26, 2014 and June 27, 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 (in millions):
The following is a summary of revenues by category (in millions):
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- Definition 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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Subsequent Events |
6 Months Ended |
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Jun. 26, 2014 | |
Subsequent Events [Abstract] | |
Subsequent Events | 9.SUBSEQUENT EVENTS
On July 2, 2014, NCM LLC entered into an amendment (the “Amendment”) of its senior secured credit facility, whereby the maturity date applicable to $135 million of the revolving credit facility was extended by two years to November 26, 2019, which corresponds to the maturity date of the $270 million term loans. The maturity date applicable to the remaining $14 million of the revolving credit facility continues to be December 31, 2014. The Amendment also contains certain amendments (“Conditional Amendments”) to the senior secured credit facility that will only be effective upon the contribution of Screenvision assets and NCM, Inc. debt to NCM LLC. Although it is under no obligation to do so, upon approval of NCM, Inc.’s Board of Directors and NCM LLC’s founding members, NCM, Inc. may contribute the Screenvision assets and the new NCM, Inc. debt facility to NCM LLC in exchange for NCM LLC membership units. To allow for this potential contribution to NCM LLC, the Conditional Amendments include an increase in the amount of incremental senior secured indebtedness permitted by the Amended Credit Facility from $160 million to $250 million. If the Screenvision contribution to NCM LLC does not occur by April 1, 2015, the Conditional Amendments will not become effective and lender consent for the Conditional Amendments will be immediately and automatically revoked.
On July 2, 2014, in contemplation of the merger with Screenvision, NCM, Inc. entered into a Commitment and Engagement Letter (the “Commitment Letter”) with certain existing NCM LLC revolving credit facility lenders. Under the Commitment Letter, subject to certain conditions, the lenders committed to make a term loan in an aggregate principal amount of $250 million to fund the Screenvision merger and related expenses. This term loan is expected to finance the $225 million portion of the merger consideration that will be paid in cash, along with fees and expenses incurred in connection with the term loan and the merger. The term loan will mature on the second anniversary of the funding of the term loan. NCM, Inc. has the right to contribute the Screenvision assets and the $250 million loan to NCM LLC, at which point, the Conditional Amendments to the amended senior secured credit facility described above will become effective.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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The Company (Policy) |
6 Months Ended |
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Jun. 26, 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. 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. 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.
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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.
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Segment Reporting |
Segment Reporting— Subsequent to the sale of the Fathom business on December 26, 2013, the sale of advertising is the sole 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 measurement 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.
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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 June 26, 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 six months ended June 26, 2014, revenue related to NCM LLC’s founding members’ beverage supplier accounted for 11.3% of total revenue. During the three months ended June 26, 2014 and the three and six months ended June 27, 2013, there were no customers that accounted for more than 10% of revenue.
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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 officers vest upon the achievement of NCM, Inc. performance measures and service conditions, or only service conditions, while non-officer 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, the Company 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 and six months ended June 26, 2014 and the three and six months ended June 27, 2013, NCM, Inc. acquired 25,843, 223,052, 505,866 and 880,670 units due to the vesting of restricted stock and restricted stock units and exercise of stock options and contributed $0.3 million, $0.8 million, $3.7 million and $4.3 million to NCM LLC for the three and six months ended June 26, 2014 and the three and six months ended June 27, 2013, respectively.
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.
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Recent Accounting Pronouncements | Recent Accounting Pronouncements
In March 2014, the Emerging Issues Task Force (“EITF”) reached a final consensus on Issue 13-D, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period (“EITF 13-D”). Under EITF 13-D, a performance target that can be achieved after the requisite service period should be treated as a performance condition that affects vesting, rather than a condition that affects grant date fair value. Compensation cost is recognized over the requisite service period if it is probable that the performance condition will be achieved. If necessary, compensation cost is subsequently adjusted, to reflect those awards that ultimately vest. EITF 13-D will be effective, on a prospective basis, for the Company during its first quarter of 2016, with early adoption permitted. The adoption of this standard is not anticipated to have a material impact on the Company's unaudited Condensed Financial Statements or notes thereto.
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which supersedes the revenue recognition requirements in Accounting Standards Codification 605, Revenue Recognition. The new revenue recognition standard requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. This guidance will be effective beginning in fiscal year 2017 and early adoption is not permitted. The standard allows for either a full retrospective or a modified retrospective transition method. The Company is currently evaluating the effect that adopting this new accounting guidance will have on its unaudited Condensed Financial Statements or notes thereto, as well as which transition method it intends to use.
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- Definition Disclosure of accounting policy for concentration of credit risk and significant customers. No definition available.
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- References No definition available.
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- Definition Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
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- Definition Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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- Definition Disclosure of accounting policy for segment reporting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Related-Party Transactions (Tables) |
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Related Party Transaction [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Related Party Transactions |
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Schedule Of Mandatory Distributions To Members |
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Schedule Of Amounts Due To Founding Members |
Amounts due to founding members as of December 26, 2013 were comprised of the following (in millions):
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Schedule Of Amounts Due To/From Managing Member |
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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):
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):
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NCM Inc. [Member] | AC JV, LLC [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Schedule Of Related Party Transactions |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Tabular disclosure of incentive payments in cash or stock or units paid during the accounting period to managing members or general partners of a limited liability corporation or limited partnership, as governed by the operating or partnership agreement. Disclosure may include identification of recipient, payments made, minimum distribution level, date payments are received, distributions per unit and per year, subsequent distribution amount and date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, 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. No definition available.
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Borrowings (Tables) |
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Jun. 26, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Borrowings [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Outstanding Debt |
____________
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. No definition available.
|
Fair Value Measurement (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 26, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurement [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated Fair Values Of Company's Financial Instruments |
|
X | ||||||||||
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
Derivative Instruments And Hedging Activities (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 26, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments And Hedging Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Changes In AOCI By Component |
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Segment Reporting (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 26, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Segment Operating Income |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary Of Revenue By Category |
___________
|
X | ||||||||||
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
The Company (Narrative) (Details) |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|---|
May 05, 2014
USD ($)
$ / shares
shares
|
Jun. 26, 2014
USD ($)
customer
shares
|
Mar. 27, 2014
$ / shares
shares
|
Jun. 27, 2013
USD ($)
customer
shares
|
Jun. 26, 2014
USD ($)
customer
shares
|
Jun. 27, 2013
USD ($)
customer
shares
|
Dec. 26, 2013
customer
|
Jul. 02, 2014
USD ($)
|
Mar. 31, 2014
$ / shares
|
|
General Company Information [Line Items] | |||||||||
Membership units exchangeable into common stock ratio | 1 | ||||||||
Number of shares acquired due to vesting and exercise of options | 25,843 | 505,866 | 223,052 | 880,670 | |||||
Unit settlement for share-based compensation | $ | $ 300,000 | $ 3,700,000 | $ 800,000 | $ 4,300,000 | |||||
Screenvision, LLC [Member] | |||||||||
General Company Information [Line Items] | |||||||||
Total consideration for merger | $ | $ 375,000,000 | ||||||||
Cash paid for merger | $ | 225,000,000 | ||||||||
Value assigned to common stock for merger | $ | $ 150,000,000 | ||||||||
Number of shares issuable for merger | 9,900,990 | ||||||||
Share price per share for merger | $ / shares | $ 15.15 | ||||||||
Number of units issuable for exchange of assets | 9,900,990 | ||||||||
Screenvision, LLC [Member] | Screenvison Term Loan [Member] | Subsequent Event [Member] | |||||||||
General Company Information [Line Items] | |||||||||
Debt instrument face amount | $ | $ 250,000,000 | $ 250,000,000 | |||||||
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 | 128,285,768 | 128,285,768 | |||||||
NCM Inc. [Member] | |||||||||
General Company Information [Line Items] | |||||||||
Common membership units outstanding | 58,742,189 | 58,742,189 | |||||||
Percentage of common membership units outstanding | 45.80% | 45.80% | |||||||
Regal [Member] | |||||||||
General Company Information [Line Items] | |||||||||
Common membership units outstanding | 25,792,942 | 25,792,942 | |||||||
Percentage of common membership units outstanding | 20.10% | 20.10% | |||||||
Cinemark [Member] | |||||||||
General Company Information [Line Items] | |||||||||
Common membership units outstanding | 24,556,136 | 24,556,136 | |||||||
Percentage of common membership units outstanding | 19.10% | 19.10% | |||||||
AMC [Member] | |||||||||
General Company Information [Line Items] | |||||||||
Common membership units outstanding | 19,194,501 | 19,194,501 | |||||||
Percentage of common membership units outstanding | 15.00% | 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 | 0 | 0 | 0 | |||||
Founding Member Advertising Revenue From Beverage Concessionaire Agreements [Member] | Sales Revenue, Net [Member] | |||||||||
General Company Information [Line Items] | |||||||||
Percentage of revenue | 11.30% | ||||||||
AC JV, LLC [Member] | NCM, LLC. [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% | ||||||||
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% |
X | ||||||||||
- Definition Change in the number of common units during the year due to acquisitions. No definition available.
|
X | ||||||||||
- Definition General Company Information [Line Items] No definition available.
|
X | ||||||||||
- Definition Membership units conversion ratio. No definition available.
|
X | ||||||||||
- Definition Number of customers contributing to more than 10% of outstanding gross receivables. No definition available.
|
X | ||||||||||
- Definition Number of customers contributing to more than 10% of revenue. No definition available.
|
X | ||||||||||
- Definition Percentage of partnership units outstanding. No definition available.
|
X | ||||||||||
- Definition Percentage Of Previously Outstanding Options No definition available.
|
X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options Vested in Period And Stock Options Exercised. No definition available.
|
X | ||||||||||
- Definition Unit settlement for share-based compensation. No definition available.
|
X | ||||||||||
- Definition Value of equity interests (such as common shares, preferred shares, or partnership interest) issued or issuable to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of shares of equity interests issued or issuable to acquire entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Price of a single share of a number of saleable stocks paid or offered to be paid in a business combination. No definition available.
|
X | ||||||||||
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The per share amount of a dividend declared, but not paid, as of the financial reporting date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of additional shares authorized for issuance under an established share-based compensation plan. No definition available.
|
X | ||||||||||
- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
X | ||||||||||
- Definition The number of units or equivalent units outstanding for all classes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Intangible Assets (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 26, 2014 |
Mar. 27, 2014 |
Jun. 27, 2013 |
Mar. 28, 2013 |
Jun. 26, 2014 |
Jun. 27, 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 | $ (0.2) | $ (0.2) | $ (0.9) | $ (0.2) | ||
NCM, LLC. [Member] | AMC And Cinemark Integration Payments [Member] | ||||||
Finite-Lived Intangible Assets [Line Items] | ||||||
Increase/decrease in intangible assets, net | $ (0.6) | $ (0.9) | $ (0.8) | $ (1.1) | ||
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% |
X | ||||||||||
- Definition Common membership units issued net of units surrendered. No definition available.
|
X | ||||||||||
- Definition Percentage change in theatre attendance for Common Unit adjustment to occur. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) in carrying value of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Related-Party Transactions (Narrative) (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
Dec. 26, 2013 |
|
Interactive Media Company [Member] | |||||
Related Party Transaction [Line Items] | |||||
Accounts receivable | $ 0.6 | $ 0.6 | $ 0.6 | ||
Founding Members [Member] | |||||
Related Party Transaction [Line Items] | |||||
Cash payment due to founding members/managing member | 18.4 | 18.4 | |||
Managing Member [Member] | |||||
Related Party Transaction [Line Items] | |||||
Cash payment due to founding members/managing member | 15.6 | 15.6 | |||
NCM, LLC. [Member] | Interactive Media Company [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related party revenue | $ 0.1 | $ 0.0 | $ 0.2 | $ 0.1 |
X | ||||||||||
- Definition For unclassified balance sheet, amounts due from customers or clients for goods or services that have been delivered or sold in the normal course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount as of the balance sheet date of obligations due all related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Reflects the sum of all other revenue and income realized from sales and other transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party during the period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
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 | 6 Months Ended | 12 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
Dec. 26, 2013 |
||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Advertising revenue | $ 99.9 | $ 116.9 | $ 170.1 | $ 190.6 | ||||||||||||||||||||
Theatre access fee | [1] | 17.9 | 18.1 | 35.3 | 33.7 | |||||||||||||||||||
Fathom Events operating costs | 4.2 | 10.0 | ||||||||||||||||||||||
Selling and marketing costs | 14.1 | 15.7 | 29.1 | 31.1 | ||||||||||||||||||||
Advertising operating costs | 6.6 | 8.1 | 11.6 | 13.8 | ||||||||||||||||||||
Administrative fee - managing member | [2] | 2.9 | 2.7 | 5.8 | 5.5 | |||||||||||||||||||
Interest income from notes receivable (included in interest income) | $ 0.3 | [3] | $ 0.0 | 0.6 | [3] | 0.0 | ||||||||||||||||||
On-screen advertising time purchased, in seconds | 60 seconds | 60 seconds | ||||||||||||||||||||||
On-screen advertising time to satisfy agreement obligations | 30 seconds | 30 seconds | ||||||||||||||||||||||
Promissory notes receivable from founding members | $ 25.0 | 25.0 | $ 25.0 | |||||||||||||||||||||
Maximum [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
On-screen advertising time which founding members have right to purchase, in seconds | 90 seconds | 90 seconds | ||||||||||||||||||||||
Beverage Concessionaire [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Advertising revenue | [4] | $ 9.8 | $ 11.1 | 19.2 | 20.0 | |||||||||||||||||||
Advertising Inventory [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Advertising revenue | [5] | 0.1 | 0.1 | 0.1 | ||||||||||||||||||||
Revenue Share From Fathom Events [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Fathom Events operating costs | [6] | 0.8 | 1.7 | |||||||||||||||||||||
Purchase Of Movie Tickets And Concession Products [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Fathom Events operating costs | [7] | 0.3 | 0.3 | |||||||||||||||||||||
Selling and marketing costs | [8] | $ 0.3 | $ 0.5 | $ 0.5 | $ 0.7 | |||||||||||||||||||
NCM Inc. [Member] | Founding Members [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Promissory notes receivable from founding members | $ 25.0 | |||||||||||||||||||||||
Interest rate on notes receivable | 5.00% | |||||||||||||||||||||||
NCM Inc. [Member] | AMC [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Promissory notes receivable from founding members | $ 8.3 | |||||||||||||||||||||||
NCM Inc. [Member] | Regal [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Promissory notes receivable from founding members | 8.3 | |||||||||||||||||||||||
NCM Inc. [Member] | Cinemark [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Promissory notes receivable from founding members | $ 8.3 | |||||||||||||||||||||||
AC JV, LLC [Member] | Regal [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Ownership percentage | 32.00% | |||||||||||||||||||||||
AC JV, LLC [Member] | Cinemark [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Ownership percentage | 32.00% | |||||||||||||||||||||||
AC JV, LLC [Member] | AMC [Member] | ||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||
Ownership percentage | 32.00% | |||||||||||||||||||||||
|
X | ||||||||||
- Definition Events operating costs. No definition available.
|
X | ||||||||||
- Definition The length of on-screen advertising time to satisfy agreement obligations. No definition available.
|
X | ||||||||||
- Definition Length of on-screen advertising time which founding members have a right to purchase No definition available.
|
X | ||||||||||
- Definition Length of on screen advertising time which founding members purchased. No definition available.
|
X | ||||||||||
- Definition Managing member administrative fee. No definition available.
|
X | ||||||||||
- Definition Interest rate on notes receivable. No definition available.
|
X | ||||||||||
- Definition Revenue from the sale of advertising time (such as television and radio) or space (newspaper or magazine pages). May also include advertising, marketing and promotional services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs incurred and are directly related to generating advertising revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of interest income earned from interest-bearing assets owed to the entity by related party. No definition available.
|
X | ||||||||||
- Definition For an unclassified balance sheet, amounts due from parties associated with the reporting entity as evidenced by a written promise to pay. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
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Related-Party Transactions (Summary Of Transactions Between The Company And The Founding Members And Managing Member Included In Balance Sheet) (Details) - USD ($) $ in Millions |
Jun. 26, 2014 |
Dec. 26, 2013 |
Jun. 27, 2013 |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Related Party Transaction [Line Items] | |||||||||||||
Prepaid expenses | $ 3.7 | $ 2.9 | |||||||||||
Prepaid administrative fees to managing member | [1] | 0.8 | 0.8 | ||||||||||
Current portion of notes receivable-founding members | [2] | 4.2 | 4.2 | ||||||||||
Long-term portion of notes receivable - founding members | [2] | 20.8 | 20.8 | ||||||||||
Interest receivable on notes receivable | [2] | 0.6 | |||||||||||
Common unit adjustments and integration payments, net of amortization (included in Intangible assets) | 498.0 | 492.0 | |||||||||||
Purchase Of Movie Tickets And Concession Products [Member] | |||||||||||||
Related Party Transaction [Line Items] | |||||||||||||
Prepaid expenses | 0.2 | [3] | $ 0.0 | ||||||||||
Common Unit Adjustments And Integration Payments [Member] | |||||||||||||
Related Party Transaction [Line Items] | |||||||||||||
Common unit adjustments and integration payments, net of amortization (included in Intangible assets) | [4] | $ 469.5 | $ 463.4 | ||||||||||
|
X | ||||||||||
- Definition Prepaid administrative fees to managing member. No definition available.
|
X | ||||||||||
- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date more than one year from the balance sheet date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
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|
Related-Party Transactions (Schedule Of Mandatory Distributions To Members) (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
|
Related Party Transaction [Line Items] | ||||
Cash payments to members | $ 34.0 | $ 52.5 | $ 45.5 | $ 67.6 |
AMC [Member] | ||||
Related Party Transaction [Line Items] | ||||
Cash payments to members | 5.1 | 8.1 | 6.8 | 10.6 |
Cinemark [Member] | ||||
Related Party Transaction [Line Items] | ||||
Cash payments to members | 6.5 | 10.3 | 8.7 | 12.7 |
Regal [Member] | ||||
Related Party Transaction [Line Items] | ||||
Cash payments to members | 6.8 | 10.4 | 9.1 | 13.5 |
NCM Inc. [Member] | ||||
Related Party Transaction [Line Items] | ||||
Cash payments to members | $ 15.6 | $ 23.7 | $ 20.9 | $ 30.8 |
X | ||||||||||
- Definition Amount of equity impact of cash distributions declared to unit-holder of limited liability company (LLC). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
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X | ||||||||||
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X | ||||||||||
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|
Related-Party Transactions (Schedule Of Amounts Due To Founding Members) (Details) - USD ($) $ in Millions |
Jun. 26, 2014 |
Dec. 26, 2013 |
---|---|---|
Related Party Transaction [Line Items] | ||
Theatre access fees, net of beverage revenues | $ 2.8 | $ 2.4 |
Cost and other reimbursement | (0.6) | (3.3) |
Distributions payable | 18.4 | 31.0 |
Amounts due to founding members | 20.6 | 30.1 |
AMC [Member] | ||
Related Party Transaction [Line Items] | ||
Theatre access fees, net of beverage revenues | 0.8 | 0.6 |
Cost and other reimbursement | (0.5) | (2.0) |
Distributions payable | 5.1 | 8.7 |
Amounts due to founding members | 5.4 | 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 | 6.5 | 10.9 |
Amounts due to founding members | 7.1 | 10.9 |
Regal [Member] | ||
Related Party Transaction [Line Items] | ||
Theatre access fees, net of beverage revenues | 1.2 | 1.1 |
Cost and other reimbursement | 0.1 | (0.6) |
Distributions payable | 6.8 | 11.4 |
Amounts due to founding members | $ 8.1 | $ 11.9 |
X | ||||||||||
- Definition Accrued Cost And Other Reimbursable Expenses No definition available.
|
X | ||||||||||
- Definition Distributions payable. No definition available.
|
X | ||||||||||
- Definition Theatre Access Fees Net of Revenues Receivable No definition available.
|
X | ||||||||||
- Definition Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
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|
Related-Party Transactions (Schedule Of Amounts Due To/From Managing Member) (Details) - USD ($) $ in Millions |
Jun. 26, 2014 |
Dec. 26, 2013 |
---|---|---|
Related Party Transaction [Line Items] | ||
Distributions payable | $ 18.4 | $ 31.0 |
Cost and other reimbursement | (0.6) | (3.3) |
Amounts due to managing member | 11.5 | 24.6 |
Managing Member [Member] | ||
Related Party Transaction [Line Items] | ||
Distributions payable | 15.6 | 26.5 |
Cost and other reimbursement | (4.1) | (1.9) |
Amounts due to managing member | $ 11.5 | $ 24.6 |
X | ||||||||||
- Definition Accrued Cost And Other Reimbursable Expenses No definition available.
|
X | ||||||||||
- Definition Current amounts due to managing members. No definition available.
|
X | ||||||||||
- Definition Distributions payable. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
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|
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 | 6 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
||||||
Related Party Transaction [Line Items] | |||||||||
Network costs | $ 4.4 | $ 4.9 | $ 9.0 | $ 9.7 | |||||
Other non-operating expense | 0.1 | 1.2 | 0.2 | 1.2 | |||||
AC JV, LLC [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Network costs | [1] | 0.1 | |||||||
Other non-operating expense | [2] | $ 0.1 | $ 0.1 | ||||||
|
X | ||||||||||
- Definition Other costs incurred and are directly related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of other expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating expense recognized during the period. Such amounts may include: (a) unusual costs, (b) loss on foreign exchange transactions, (c) losses on securities (net of profits), and (d) miscellaneous other expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
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|
Related-Party Transactions (Summary Of Transactions Between NCM LLC And AC JV, LLC Included In Balance Sheets) (Details) - USD ($) $ in Millions |
Jun. 26, 2014 |
Dec. 26, 2013 |
|||||
---|---|---|---|---|---|---|---|
Related Party Transaction [Line Items] | |||||||
Other assets current | $ 0.6 | ||||||
Other investments | 1.1 | $ 1.1 | |||||
NCM, LLC. [Member] | AC JV, LLC [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Other assets current | [1] | 2.1 | |||||
Other investments | [2] | $ 1.1 | $ 1.1 | ||||
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
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Related-Party Transactions (Summary Of Transactions Between The Company And Related Party Affiliates) (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | |||||
---|---|---|---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
Dec. 26, 2013 |
|||
Related Party Transaction [Line Items] | |||||||
Accounts payable, related party affiliates | $ 0.9 | $ 0.9 | $ 0.8 | ||||
Starplex [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Accounts payable, related party affiliates | [1] | 0.8 | 0.8 | 0.7 | |||
Other [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Accounts payable, related party affiliates | 0.1 | 0.1 | $ 0.1 | ||||
Advertising Operating Cost [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Advertising operating costs, related party affiliates | 0.9 | $ 0.9 | 1.4 | $ 1.5 | |||
Advertising Operating Cost [Member] | Starplex [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Advertising operating costs, related party affiliates | 0.8 | 0.7 | 1.3 | 1.2 | |||
Advertising Operating Cost [Member] | Other [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Advertising operating costs, related party affiliates | $ 0.1 | $ 0.2 | $ 0.1 | $ 0.3 | |||
|
X | ||||||||||
- Definition Amount for accounts payable to related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs of sales and operating expenses for the period incurred from transactions with related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
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|
Borrowings (Narrative) (Details) |
3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 25, 2014 |
Jun. 26, 2014
USD ($)
item
|
Dec. 26, 2013
USD ($)
|
Jun. 18, 2014
USD ($)
|
Jun. 17, 2014
USD ($)
|
Nov. 26, 2012
USD ($)
|
Sep. 22, 2011
USD ($)
|
||||||
Debt Instrument [Line Items] | ||||||||||||
Outstanding debt | $ 899,000,000 | $ 890,000,000 | ||||||||||
Current portion of long-term debt | $ 14,000,000 | 14,000,000 | ||||||||||
Senior Secured Credit Facility [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Senior secured leverage ratio | item | 3.3 | |||||||||||
Revolving Credit Facility [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Borrowing amount of credit facility | $ 149,000,000 | $ 124,000,000 | ||||||||||
Outstanding debt | $ 29,000,000 | $ 20,000,000 | ||||||||||
Increase in borrowing capacity of revolving credit facility | $ 25,000,000 | |||||||||||
Maturity date | [1],[2] | Nov. 26, 2019 | Nov. 26, 2019 | |||||||||
Remaining borrowing capacity on credit facility | $ 149,000,000 | |||||||||||
Unused line fee, percent | 0.50% | |||||||||||
Weighted-average interest rate | 2.13% | |||||||||||
Term Loans [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Outstanding debt | [2] | $ 270,000,000 | $ 270,000,000 | |||||||||
Debt instrument, face amount | $ 270,000,000 | $ 270,000,000 | ||||||||||
Maturity date | [2] | Nov. 26, 2019 | Nov. 26, 2019 | |||||||||
Weighted-average interest rate | 2.90% | |||||||||||
Term Loans [Member] | LIBOR [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Basis spread on variable rate, percent | 2.75% | |||||||||||
Term Loans [Member] | Base Rate [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Basis spread on variable rate, percent | 1.75% | |||||||||||
Revolving Credit Facility Maturing On November 26, 2019 [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Borrowing amount of credit facility | $ 135,000,000 | |||||||||||
Revolving Credit Facility Maturing On November 26, 2019 [Member] | Subsequent Event [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Number of years revolving credit facility extended | 2 years | |||||||||||
Maturity date | Nov. 26, 2019 | |||||||||||
Revolving Credit Facility Maturing On November 26, 2019 [Member] | LIBOR [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Basis spread on variable rate, percent | 2.00% | |||||||||||
Revolving Credit Facility Maturing On November 26, 2019 [Member] | Base Rate [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Basis spread on variable rate, percent | 1.00% | |||||||||||
Revolving Credit Facility Maturing December 31, 2014 [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Borrowing amount of credit facility | $ 14,000,000 | |||||||||||
Maturity date | Dec. 31, 2014 | |||||||||||
Revolving Credit Facility Maturing December 31, 2014 [Member] | LIBOR [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Basis spread on variable rate, percent | 1.50% | |||||||||||
Revolving Credit Facility Maturing December 31, 2014 [Member] | Base Rate [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Basis spread on variable rate, percent | 0.50% | |||||||||||
Senior Unsecured Notes [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Outstanding debt | $ 200,000,000 | $ 200,000,000 | ||||||||||
Debt instrument, face amount | $ 200,000,000 | |||||||||||
Maturity date | Jul. 15, 2021 | Jul. 15, 2021 | ||||||||||
Stated interest rate | 7.875% | 7.875% | 7.875% | |||||||||
Date of first required interest payment | Jan. 15, 2012 | |||||||||||
Senior Secured Notes [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Outstanding debt | $ 400,000,000 | $ 400,000,000 | ||||||||||
Debt instrument, face amount | $ 400,000,000 | |||||||||||
Maturity date | Apr. 15, 2022 | Apr. 15, 2022 | ||||||||||
Stated interest rate | 6.00% | 6.00% | 6.00% | |||||||||
Date of first required interest payment | Oct. 15, 2012 | |||||||||||
Maximum [Member] | Senior Secured Credit Facility [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Senior secured leverage ratio | item | 6.5 | |||||||||||
|
X | ||||||||||
- Definition Debt Instrument, Date of First Required Interest Payment No definition available.
|
X | ||||||||||
- Definition Line Of Credit Increase In Borrowing Capacity No definition available.
|
X | ||||||||||
- Definition Number of years revolving credit facility extended. No definition available.
|
X | ||||||||||
- Definition Senior secured leverage ratio No definition available.
|
X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The average effective interest rate during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Borrowings (Schedule Of Outstanding Debt) (Details) - USD ($) |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 25, 2014 |
Jun. 26, 2014 |
Dec. 26, 2013 |
Jun. 17, 2014 |
Nov. 26, 2012 |
Sep. 22, 2011 |
||||||
Debt Instrument [Line Items] | |||||||||||
Outstanding Balance | $ 899,000,000 | $ 890,000,000 | |||||||||
Less: current portion of long-term debt | (14,000,000) | (14,000,000) | |||||||||
Long-term debt, less current portion | 885,000,000 | 876,000,000 | |||||||||
Revolving Credit Facility [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Outstanding Balance | $ 29,000,000 | $ 20,000,000 | |||||||||
Maturity Date | [1],[2] | Nov. 26, 2019 | Nov. 26, 2019 | ||||||||
Borrowing amount of credit facility | $ 149,000,000 | $ 124,000,000 | |||||||||
Term Loans [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Outstanding Balance | [2] | $ 270,000,000 | $ 270,000,000 | ||||||||
Maturity Date | [2] | Nov. 26, 2019 | Nov. 26, 2019 | ||||||||
Senior Unsecured Notes [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Outstanding Balance | $ 200,000,000 | $ 200,000,000 | |||||||||
Maturity Date | Jul. 15, 2021 | Jul. 15, 2021 | |||||||||
Interest Rate | 7.875% | 7.875% | 7.875% | ||||||||
Senior Secured Notes [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Outstanding Balance | $ 400,000,000 | $ 400,000,000 | |||||||||
Maturity Date | Apr. 15, 2022 | Apr. 15, 2022 | |||||||||
Interest Rate | 6.00% | 6.00% | 6.00% | ||||||||
Revolving Credit Facility Maturing December 31, 2014 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Maturity Date | Dec. 31, 2014 | ||||||||||
Borrowing amount of credit facility | $ 14,000,000 | ||||||||||
Revolving Credit Facility Due On November 26, 2017 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Maturity Date | Nov. 26, 2017 | ||||||||||
Revolving Credit Facility Maturing On November 26, 2019 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Borrowing amount of credit facility | $ 135,000,000 | ||||||||||
Revolving Credit Facility Maturing On November 26, 2019 [Member] | Subsequent Event [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Maturity Date | Nov. 26, 2019 | ||||||||||
Number of years revolving credit facility extended | 2 years | ||||||||||
|
X | ||||||||||
- Definition Number of years revolving credit facility extended. No definition available.
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X | ||||||||||
- Definition Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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X | ||||||||||
- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments And Contingencies (Narrative) (Details) - USD ($) $ in Millions |
6 Months Ended | |
---|---|---|
Jun. 26, 2014 |
Dec. 26, 2013 |
|
Other Commitments [Line Items] | ||
Maximum potential payment | $ 37.2 | |
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 | |
Screenvision, LLC [Member] | ||
Other Commitments [Line Items] | ||
Minimum consideration threshold for contract termination collection | $ 385.0 | |
Screenvision, LLC [Member] | Forecast [Member] | ||
Other Commitments [Line Items] | ||
Termination fee of contract | 28.8 | |
Termination fee received upon certain criteria | $ 10.0 |
X | ||||||||||
- Definition Minimum Consideration Threshold For Contract Ternimation Gain. No definition available.
|
X | ||||||||||
- Definition Revenue Guarantee Period No definition available.
|
X | ||||||||||
- Definition Gain (loss) related to the termination of a contract between the parties. The termination may be due to many causes including early termination of a lease by a lessee, a breach of contract by one party, or a failure to perform. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The current carrying amount of the liability for the freestanding or embedded guarantor's obligations under the guarantee or each group of similar guarantees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The loss recognized on termination of a contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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Fair Value Measurement (Narrative) (Details) - USD ($) $ in Millions |
Jun. 26, 2014 |
Dec. 26, 2013 |
---|---|---|
Fair Value Measurement [Abstract] | ||
Other investments | $ 1.1 | $ 1.1 |
Promissory notes receivable from founding members | $ 25.0 | $ 25.0 |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition For an unclassified balance sheet, amounts due from parties associated with the reporting entity as evidenced by a written promise to pay. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value Measurement (Estimated Fair Values Of Company's Financial Instruments) (Details) - USD ($) $ in Millions |
Jun. 26, 2014 |
Dec. 26, 2013 |
|||
---|---|---|---|---|---|
Carrying Value [Member] | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Term Loans | $ 270.0 | $ 270.0 | |||
Fair Value [Member] | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Term Loans | [1] | 266.6 | 269.5 | ||
Senior Unsecured Notes [Member] | Carrying Value [Member] | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Senior Notes | 200.0 | 200.0 | |||
Senior Unsecured Notes [Member] | Fair Value [Member] | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Senior Notes | [1] | 218.8 | 220.4 | ||
Senior Secured Notes [Member] | Carrying Value [Member] | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Senior Notes | 400.0 | 400.0 | |||
Senior Secured Notes [Member] | Fair Value [Member] | |||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||||
Senior Notes | [1] | $ 420.8 | $ 414.0 | ||
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Fair value portion of contractual obligation to pay money on demand or on fixed or determinable dates. No definition available.
|
X | ||||||||||
- Definition Fair value portion of notes payable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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Derivative Instruments And Hedging Activities (Narrative) (Details) - USD ($) |
Jun. 26, 2014 |
Dec. 26, 2013 |
---|---|---|
Derivative [Line Items] | ||
Derivative asset | $ 0 | $ 0 |
Derivative liability | 0 | 0 |
Amount outstanding related to cash flow hedges | 6,500,000 | |
Term Loans [Member] | ||
Derivative [Line Items] | ||
Debt instrument face amount | $ 270,000,000 | $ 270,000,000 |
X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Nominal or face amount used to calculate payments on the derivative asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Derivative Instruments And Hedging Activities (Schedule Of Changes in AOCI By Component) (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
|
Derivative Instruments And Hedging Activities [Abstract] | ||||
Balance at beginning of period | $ (11.6) | $ (21.9) | ||
Amortization on discontinued cash flow hedges | $ 2.5 | $ 2.7 | 5.0 | 5.2 |
Total amounts reclassified from AOCI | 2.5 | 2.7 | 5.0 | 5.2 |
Net other comprehensive income | 5.0 | 5.2 | ||
Balance at end of period | $ (6.6) | $ (16.7) | $ (6.6) | $ (16.7) |
X | ||||||||||
- Definition Amortization of terminated derivatives. No definition available.
|
X | ||||||||||
- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss). No definition available.
|
Segment Reporting (Narrative) (Details) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
|
Advertising [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Percentage of revenue | 100.00% | 95.20% | 100.00% | 93.00% |
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- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Segment Reporting (Schedule Of Segment Operating Income) (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
|
Segment Reporting Information [Line Items] | ||||
Revenue | $ 99.9 | $ 122.8 | $ 170.1 | $ 205.0 |
Operating costs | 28.9 | 35.3 | 55.9 | 67.2 |
Selling and marketing costs | 14.1 | 15.7 | 29.1 | 31.1 |
Administrative and other costs | 7.1 | 7.6 | 14.7 | 15.5 |
Depreciation and amortization | 7.8 | 6.2 | 15.6 | 11.6 |
Interest and other non-operating costs | 15.3 | 16.7 | 30.7 | 32.5 |
INCOME BEFORE INCOME TAXES | 26.7 | 41.3 | 24.1 | 47.1 |
Advertising [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 99.9 | 116.9 | 170.1 | 190.6 |
Operating costs | 24.5 | 26.2 | 46.9 | 47.5 |
Selling and marketing costs | 13.3 | 14.4 | 27.6 | 28.1 |
Administrative and other costs | 0.7 | 0.7 | 1.5 | 1.0 |
INCOME BEFORE INCOME TAXES | 61.4 | 75.6 | 94.1 | 114.0 |
Fathom Events And Other [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 5.9 | 14.4 | ||
Operating costs | 4.2 | 10.0 | ||
Selling and marketing costs | 0.7 | 1.8 | ||
Administrative and other costs | 0.2 | 0.4 | ||
INCOME BEFORE INCOME TAXES | 0.8 | 2.2 | ||
Network, Administrative And Unallocated Costs [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Operating costs | 4.4 | 4.9 | 9.0 | 9.7 |
Selling and marketing costs | 0.8 | 0.6 | 1.5 | 1.2 |
Administrative and other costs | 6.4 | 6.7 | 13.2 | 14.1 |
Depreciation and amortization | 7.8 | 6.2 | 15.6 | 11.6 |
Interest and other non-operating costs | 15.3 | 16.7 | 30.7 | 32.5 |
INCOME BEFORE INCOME TAXES | $ (34.7) | $ (35.1) | $ (70.0) | $ (69.1) |
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- Definition Segment reporting information, interest and other costs. No definition available.
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X | ||||||||||
- Definition Segment reporting information, operating costs. No definition available.
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X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The sum of expenses not otherwise specified in the taxonomy for managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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Segment Reporting (Summary Of Revenue By Category) (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | |||||
---|---|---|---|---|---|---|---|
Jun. 26, 2014 |
Jun. 27, 2013 |
Jun. 26, 2014 |
Jun. 27, 2013 |
||||
Segment Reporting Information [Line Items] | |||||||
Revenue | $ 99.9 | $ 122.8 | $ 170.1 | $ 205.0 | |||
National Advertising Revenue [Member] | |||||||
Segment Reporting Information [Line Items] | |||||||
Revenue | 68.4 | 83.4 | 111.1 | 134.9 | |||
Local Advertising Revenue [Member] | |||||||
Segment Reporting Information [Line Items] | |||||||
Revenue | 21.7 | 22.4 | 39.8 | 35.7 | |||
Founding Member Advertising Revenue From Beverage Concessionaire Agreements [Member] | |||||||
Segment Reporting Information [Line Items] | |||||||
Revenue | $ 9.8 | 11.1 | $ 19.2 | 20.0 | |||
Fathom Consumer Revenue [Member] | |||||||
Segment Reporting Information [Line Items] | |||||||
Revenue | [1] | 5.0 | 13.3 | ||||
Fathom Business Revenue [Member] | |||||||
Segment Reporting Information [Line Items] | |||||||
Revenue | [1] | $ 0.9 | $ 1.1 | ||||
|
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Subsequent Events (Details) - USD ($) |
3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|---|
May 05, 2014 |
Sep. 25, 2014 |
Jun. 26, 2014 |
Dec. 26, 2013 |
Jul. 02, 2014 |
Jul. 01, 2014 |
|||
Revolving Credit Facility Maturing On November 26, 2019 [Member] | ||||||||
Subsequent Events [Line Items] | ||||||||
Borrowing amount of credit facility | $ 135,000,000 | |||||||
Revolving Credit Facility Maturing December 31, 2014 [Member] | ||||||||
Subsequent Events [Line Items] | ||||||||
Borrowing amount of credit facility | $ 14,000,000 | |||||||
Maturity date | Dec. 31, 2014 | |||||||
Term Loans [Member] | ||||||||
Subsequent Events [Line Items] | ||||||||
Debt instrument, face amount | $ 270,000,000 | $ 270,000,000 | ||||||
Maturity date | [1] | Nov. 26, 2019 | Nov. 26, 2019 | |||||
Screenvision, LLC [Member] | ||||||||
Subsequent Events [Line Items] | ||||||||
Cash paid for acquisition | $ 225,000,000 | |||||||
Share price per share for acquisition | $ 15.15 | |||||||
Minimum consideration threshold for contract termination collection | $ 385,000,000 | |||||||
Screenvision, LLC [Member] | Forecast [Member] | ||||||||
Subsequent Events [Line Items] | ||||||||
Termination fee of contract | 28,800,000 | |||||||
Termination fee received upon certain criteria | $ 10,000,000 | |||||||
Subsequent Event [Member] | Revolving Credit Facility Maturing On November 26, 2019 [Member] | ||||||||
Subsequent Events [Line Items] | ||||||||
Number of years revolving credit facility extended | 2 years | |||||||
Maturity date | Nov. 26, 2019 | |||||||
Subsequent Event [Member] | Senior Secured Credit Facility [Member] | Amended Credit Facility [Member] | ||||||||
Subsequent Events [Line Items] | ||||||||
Debt instrument, face amount | $ 250,000,000 | $ 160,000,000 | ||||||
Subsequent Event [Member] | Screenvision, LLC [Member] | Screenvison Term Loan [Member] | ||||||||
Subsequent Events [Line Items] | ||||||||
Debt instrument, face amount | $ 250,000,000 | $ 250,000,000 | ||||||
|
X | ||||||||||
- Definition Minimum Consideration Threshold For Contract Ternimation Gain. No definition available.
|
X | ||||||||||
- Definition Number of years revolving credit facility extended. No definition available.
|
X | ||||||||||
- Definition Price of a single share of a number of saleable stocks paid or offered to be paid in a business combination. No definition available.
|
X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Gain (loss) related to the termination of a contract between the parties. The termination may be due to many causes including early termination of a lease by a lessee, a breach of contract by one party, or a failure to perform. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The loss recognized on termination of a contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. No definition available.
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