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Accumulated other comprehensive loss

^[1]

1.2

1.3

$ 0.0

$ (1.6)

[1]	Refer to Note 7-Related Party Transactions.

CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2016

Jul. 02, 2015

Jun. 30, 2016

Jul. 02, 2015

Dec. 31, 2015

Jan. 01, 2015

Dec. 26, 2013

Income Statement [Abstract]

REVENUE

$ 115.4

$ 121.5

$ 191.6

$ 198.4

$ 446.5

$ 394.0

$ 426.3

Fathom Events

36.5

Advertising operating costs

121.5

446.5

394.0

462.8

OPERATING EXPENSES:

8.3

13.3

14.1

30.8

26.4

29.0

Theatre access fees-founding members

25.5

Network costs

4.3

4.2

8.8

8.7

17.8

18.3

18.7

18.9

19.2

37.6

36.4

72.5

70.6

69.4

Selling and marketing costs

19.1

17.0

37.7

33.0

72.3

57.6

61.5

Merger termination fee and related merger costs

0.9

41.8

Administrative and other costs

5.6

4.7

11.5

10.2

21.4

19.3

20.1

Administrative fee-managing member

3.8

^[1]

3.6

^[1]

12.8

^[1]

6.8

^[1]

17.2

^[2]

10.2

^[2]

10.0

^[2]

Depreciation and amortization

8.9

8.2

17.6

16.2

32.2

32.4

26.6

Total

68.9

66.1

139.3

167.2

306.0

234.8

260.8

OPERATING INCOME

46.5

55.4

52.3

31.2

140.5

159.2

202.0

NON-OPERATING EXPENSES:

Interest on borrowings

13.5

13.1

26.9

26.2

52.2

52.6

51.6

Interest income

(0.2)

(0.4)

(0.5)

(1.1)

(1.3)

(0.1)

Amortization of terminated derivatives

1.6

10.0

10.3

Impairment of investment

0.7

0.0

0.8

Gain on sale of Fathom Events to founding members

^[3]

(25.4)

Other non-operating expense

0.1

0.2

0.8

1.2

Total

13.3

12.9

26.5

27.4

52.9

62.1

38.4

INCOME BEFORE INCOME TAXES

33.2

42.5

25.8

3.8

87.6

97.1

163.6

Income tax expense

0.0

0.1

0.8

0.7

Net income

$ 33.2

$ 42.4

$ 25.7

$ 3.7

$ 87.5

$ 96.3

$ 162.9

[1]	On December 26, 2013, NCM LLC sold its Fathom Events business to a newly formed limited liability company (AC JV, LLC) owned 32% by each of the founding members and 4% by NCM LLC. In consideration for the sale, NCM LLC received a total of $25.0 million in promissory notes from its founding members (one-third or approximately $8.3 million from each founding member). The notes bear interest at a fixed rate of 5.0% per annum, compounded annually. Interest and principal payments are due annually in six equal installments commencing on the first anniversary of the closing.
[2]	Pursuant to the Management Services Agreement between NCM, Inc. and NCM LLC, NCM, Inc. provides certain specific management services to NCM LLC, including the services of the President and Chief Executive Officer, President of Sales and Marketing, Interim Co-Chief Financial Officers, Executive Vice President and Chief Operations Officer and Chief Technology Officer and Executive Vice President and General Counsel. In exchange for these services, NCM LLC reimburses NCM, Inc. for compensation paid to the officers (including share based compensation) and other expenses of the officers and for certain out-of-pocket costs.
[3]	Refer to discussion of Fathom sale in Note 2-Divestiture.

CONDENSED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jul. 02, 2015	Jun. 30, 2016	Jul. 02, 2015	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Income Statement [Abstract]
Revenue from founding members	$ 7.2	$ 9.0	$ 14.5	$ 16.7	$ 30.2	$ 38.7	$ 41.6

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jul. 02, 2015	Jun. 30, 2016	Jul. 02, 2015	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 33.2	$ 42.4	$ 25.7	$ 3.7	$ 87.5	$ 96.3	$ 162.9
OTHER COMPREHENSIVE INCOME:
Amortization of terminated derivatives				1.6	1.6	10.0	10.3
COMPREHENSIVE INCOME	$ 33.2	$ 42.4	$ 25.7	$ 5.3	$ 89.1	$ 106.3	$ 173.2

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jul. 02, 2015	Jun. 30, 2016	Jul. 02, 2015	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Statement of Comprehensive Income [Abstract]
Income tax expense	$ 0.0	$ 0.1	$ 0.1	$ 0.1	$ 0.1	$ 0.8	$ 0.7

CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended		12 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	Jun. 30, 2016	Jul. 02, 2015	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 25.7	$ 3.7	$ 87.5	$ 96.3	$ 162.9
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17.6	16.2	32.2	32.4	26.6
Non-cash share-based compensation	5.4	3.4	8.0	4.6	3.2
Impairment on investment	0.7		0.0	0.0	0.8
Amortization of terminated derivatives		1.6	1.6	10.0	10.3
Amortization of debt issuance costs	1.3	1.3	2.6	2.8	2.8
Equity in earnings of non-consolidated entities			(0.1)	(0.2)
Write-off of debt issuance costs and other non-operating items					1.2
Gain on sale of Fathom Events					(26.0)
Other		0.1	0.4
Cash distributions from non-consolidated entities			0.2
Changes in operating assets and liabilities:
Receivables, net	20.6	(12.0)	(35.5)	2.7	(22.0)
Accounts payable and accrued expenses	(6.7)	(1.5)	5.0	(9.1)	6.9
Amounts due to founding members and managing member	(4.3)	(0.4)	3.2	0.8	3.5
Deferred revenue	4.1	4.9	1.7	3.8	(1.0)
Other, net	(1.0)	(0.7)	0.7	(0.7)	(0.7)
Net cash provided by operating activities	63.4	16.6	107.5	143.4	168.5
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(6.6)	(4.8)	(12.6)	(8.7)	(10.1)
Purchases of intangible assets from network affiliates	(1.1)	(0.9)	(2.7)	(3.0)	(8.9)
Proceeds from note receivable - founding members			4.2	4.2
Net cash used in investing activities	(7.7)	(5.7)	(11.1)	(7.5)	(19.0)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings	93.0	113.0	215.0	138.0	59.0
Repayments of borrowings	(87.0)	(70.0)	(171.0)	(136.0)	(48.0)
Payment of debt issuance costs	(0.3)			(0.6)	(3.4)
Founding member integration payments	1.0	1.1	2.6	2.1	2.1
Distributions to founding members and managing member	(59.6)	(60.6)	(151.5)	(143.3)	(176.6)
Unit settlement for share-based compensation	0.3	1.1	1.3	0.8	20.3
Net cash used in financing activities	(52.6)	(15.4)	(103.6)	(139.0)	(146.6)
CHANGE IN CASH AND CASH EQUIVALENTS	3.1	(4.5)	(7.2)	(3.1)	2.9
CASH AND CASH EQUIVALENTS:
Beginning of period	3.0	10.2	10.2	13.3	10.4
End of period	6.1	5.7	3.0	10.2	13.3
Supplemental disclosure of non-cash financing and investing activity:
Purchase of an intangible asset with NCM LLC equity	21.1	31.4	100.7	16.4	221.6
Accrued distributions to founding members and managing member	14.9	45.8	57.6	60.6	57.5
Operating segment sold under notes receivable					25.0
Increase in cost and equity method investments	2.0	1.7	3.1	1.2	0.3
Supplemental disclosure of cash flow information:
Cash paid for interest	25.5	$ 24.8	$ 49.7	$ 49.9	49.3
Cash paid for income taxes, net of refunds	$ 0.2				$ 0.1

STATEMENTS OF MEMBERS' EQUITY/ (DEFICIT) - USD ($) $ in Millions	Total	Management [Member]	Founding Members [Member]
Beginning balance at Dec. 27, 2012	$ (524.2)
Capital contribution		$ 20.3
Balance, units at Dec. 27, 2012	112,017,835
Capital contribution, units		1,732,878
Distribution		$ (89.5)	$ (103.9)
Units issued for purchase of intangible asset	$ 221.6
Units issued for purchase of intangible asset, units	13,224,092
Comprehensive income	$ 173.2
Share-based compensation expense/capitalized	3.3
Ending balance at Dec. 26, 2013	$ (299.2)
Balance, units at Dec. 26, 2013	126,974,805
Capital contribution		$ 0.8
Capital contribution, units		231,789
Distribution		$ (67.0)	(79.4)
Units issued for purchase of intangible asset	$ 16.4
Units issued for purchase of intangible asset, units	1,087,911
Comprehensive income	$ 106.3
Share-based compensation expense/capitalized	4.7
Ending balance at Jan. 01, 2015	$ (317.4)
Balance, units at Jan. 01, 2015	128,294,505
Capital contribution		$ 1.3
Capital contribution, units		288,228
Distribution		$ (66.3)	$ (82.2)
Units issued for purchase of intangible asset	$ 100.7
Units issued for purchase of intangible asset, units	6,560,239
Comprehensive income	$ 89.1
Share-based compensation expense/capitalized	8.3
Ending balance at Dec. 31, 2015	$ (266.5)
Balance, units at Dec. 31, 2015	135,142,972
Comprehensive income	$ 25.7
Ending balance at Jun. 30, 2016	$ (230.7)

Basis Of Presentation And Summary Of Significant Accounting Policies

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Basis Of Presentation And Summary Of Significant Accounting Policies

1. THE COMPANY

Description of Business

National CineMedia, LLC (“NCM LLC”, “the Company” or “we”) commenced operations on April 1, 2005 and is owned by National CineMedia, Inc. (“NCM, Inc.”, “manager” or “managing member”), American Multi-Cinema, Inc. and AMC ShowPlace Theatres, Inc. (“AMC”), wholly owned subsidiaries of AMC Entertainment, Inc., 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 (approximately 21 years remaining as of June 30, 2016) and certain third-party theatre circuits (known as “network affiliates”) under long-term network affiliate agreements, which have terms from three to twenty years.

As of June 30, 2016, NCM LLC had 137,156,732 common membership units outstanding, of which 59,836,399 (43.6%) were owned by NCM, Inc., 27,072,701 (19.8%) were owned by Regal, 26,384,644 (19.2%) were owned by Cinemark and 23,862,988 (17.4%) were owned by AMC. The membership units held by the founding members are exchangeable into NCM, Inc. common stock on a one-for-one basis.

On May 5, 2014, NCM, Inc. entered into an Agreement and Plan of Merger (the “Merger Agreement”) to merge with Screenvision, LLC (“Screenvision”). On November 3, 2014, the Department of Justice filed a lawsuit seeking to enjoin the merger. On March 16, 2015, NCM, Inc. announced the termination of the Merger Agreement and the lawsuit was dismissed. After the Merger Agreement was terminated, NCM LLC reimbursed NCM, Inc. for certain expenses pursuant to an indemnification agreement among NCM LLC, NCM, Inc. and the founding members. On March 17, 2015, the Company paid Screenvision an approximate $26.8 million termination payment on behalf of NCM, Inc. During the six months ended July 2, 2015, the Company also either paid directly or reimbursed NCM, Inc. for the legal and other merger-related costs of approximately $15.0 million ($7.5 million incurred by NCM, Inc. during the year ended January 1, 2015 and approximately $7.5 million incurred by NCM LLC during the six months ended July 2, 2015). NCM, Inc. and the founding members each bore a pro rata portion of the merger termination fee and the related merger expenses based on their aggregate ownership percentages in NCM LLC when the expenses were incurred.

Basis of Presentation

The Company has prepared the unaudited Condensed Financial Statements and related notes of NCM LLC in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures typically included in an annual report have been condensed or omitted for this quarterly report. The balance sheet as of December 31, 2015 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 31, 2015.

In the opinion of management, all 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. The Company manages its business under one reportable segment of advertising.

Estimates—The preparation of the 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 31, 2015 contain a complete discussion of the Company’s significant accounting policies. Following is additional information related to the Company’s accounting policies.

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 with respect to national and regional advertising is reduced by transacting with founding members or large, national advertising agencies who have strong reputations in the advertising industry and clients with stable financial positions. The Company has smaller contracts with thousands of local clients that are not individually significant. As of June 30, 2016 and December 31, 2015, there were no advertising agency groups or individual customers through which the Company sources national advertising revenue representing more than 10% of the Company’s outstanding gross receivable balance. During the three and six months ended June 30, 2016 and July 2, 2015, 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 and restricted stock to certain employees and restricted stock units to its independent directors under the NCM, Inc. Equity Incentive Plan. The Company has not granted stock options since 2012. In 2015 and 2016, the restricted stock grants for Company officers vest upon the achievement of NCM, Inc. performance measures and/or 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 of restricted stock 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 of restricted stock. During the three months ended June 30, 2016 and July 2, 2015 and six months ended June 30, 2016 and July 2, 2015, NCM, Inc. acquired 15,922, 67,993, 597,245 and 261,112 units, respectively, due to the vesting of restricted stock and restricted stock units and exercise of stock options and contributed $0.0 million, $0.7 million, $0.3 million and $1.1 million to NCM LLC for the three months ended June 30, 2016 and July 2, 2015 and the six months ended June 30, 2016 and July 2, 2015, respectively.

Recently Adopted Accounting Pronouncements

During the first quarter of 2016, the Company adopted Accounting Standards Update 2015-01, Income Statement Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items (“ASU 2015-01”) on a prospective basis, which eliminates the concept of extraordinary items from GAAP. Under ASU 2015-01, reporting entities will no longer be required to assess whether an underlying event or transaction is extraordinary, however, presentation and disclosure guidance for items that are unusual in nature or occur infrequently are retained, and are expanded to include items that are both unusual in nature and infrequently occurring. The adoption of ASU 2015-01 did not have a material impact on the unaudited Condensed Financial Statements or notes thereto.

During the first quarter of 2016, the Company adopted Accounting Standards Update 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”) on a prospective basis. ASU 2015-02 amends current consolidation guidance by modifying the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities, eliminating the presumption that a general partner should consolidate a limited partnership, and affects the consolidation analysis of reporting entities that are involved with variable interest entities. The adoption of ASU 2015-02 did not have a material impact on the unaudited Condensed Financial Statements or notes thereto.

During the first quarter of 2016, the Company adopted Accounting Standards Update 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”) on a retrospective basis, which provides guidance for simplifying the presentation of debt issuance costs. ASU 2015-03 requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of debt liability, consistent with debt discounts or premiums. The Company also adopted Accounting Standards Update 2015-15, Interest—Imputation of Interest (“ASU 2015-15”) on a retrospective basis, which states the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The Company reclassified net deferred financing costs related to the Company’s Term Loans, Senior Secured Notes and Senior Unsecured Notes in the Condensed Balance Sheets as a direct deduction from the carrying amount of those borrowings, while net deferred financing costs related to the Company’s Revolving Credit Facility remained an asset in the unaudited Condensed Balance Sheets. Upon adoption of ASU 2015-03 and ASU 2015-15, net deferred financing costs of $10.6 million in the December 31, 2015 unaudited Condensed Balance Sheet were reclassified from an asset to a reduction of the carrying value of long-term debt.

During the first quarter of 2016, the Company adopted Accounting Standards Update 2015-05, Intangibles—Goodwill and Other—Internal—Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement (“ASU 2015-05”) on a prospective basis, which provides guidance on accounting for fees paid by a customer in a cloud computing arrangement. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The adoption of ASU 2015-05 did not have a material impact on the unaudited Condensed Financial Statements or notes thereto.

Recently Issued Accounting Pronouncements

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. Accounting Standards Update 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which was issued in August 2015, revised the effective date for this standard to annual and interim periods beginning on or after December 15, 2017, with early adoption permitted, but not earlier than the original effective date of annual and interim periods beginning after December 15, 2016, for public entities. Accounting Standards Update 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Update 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting, which was issued in May 2016, rescinds several SEC Staff Announcements that are codified in Topic 605, including, among other items, guidance relating to accounting for shipping and handling fees and freight services. Accounting Standards Update 2016-12, Revenue from Contract with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients, which was issued in May 2016, provides guidance to reduce the risk of diversity in practice for certain aspects of ASU 2014-09, including collectability, noncash consideration, presentation of sales tax and transition. ASU 2014-09 allows for either a full retrospective or a modified retrospective transition method. The Company is currently evaluating the effect that adopting this guidance will have on the unaudited Condensed Financial Statements or notes thereto, as well as, which transition method it intends to use.

In January 2016, the FASB issued Accounting Standards Update 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”), which revises the guidance in ASC 825-10, Recognition and Measurement of Financial Assets and Financial Liabilities, and provides guidance for the recognition, measurement, presentation, and disclosure of financial assets and liabilities. The guidance is effective for reporting periods (interim and annual) beginning after December 15, 2017, for public companies. The Company is currently assessing the impact of ASU 2016-01 on the unaudited Condensed Financial Statements or notes thereto.

In February 2016, the FASB issued Accounting Standards Update 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently assessing the impact of ASU 2016-02 on the unaudited Condensed Financial Statements or notes thereto.

In March 2016, the FASB issued Accounting Standards Update 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). The updated guidance changes how companies account for certain aspects of share-based payment awards to employees, including forfeitures. ASU 2016-09 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating the effect that adopting this guidance will have on the unaudited Condensed Financial Statements or notes thereto.

In March 2016, the FASB issued Accounting Standards Update 2016-07, Investments—Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting (“ASU 2016-07”). ASU 2016-07 eliminates the requirement to apply the equity method of accounting retrospectively when a reporting entity obtains significant influence over a previously held investment. ASU 2016-07 is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The adoption of ASU 2016-07 is not expected to have a material effect on the unaudited Condensed Financial Statements or notes thereto.

In June 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Statements (“ASU 2016-13”), which requires a financial asset (or group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. ASU 2016-13 is effective for fiscal years beginning after November 29, 2020. The Company is currently evaluating the effect that adopting this guidance will have on the unaudited Condensed Financial Statements or notes thereto.

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

1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

National CineMedia, LLC (“NCM LLC”, “the Company” or “we”) commenced operations on April 1, 2005 and is owned by National CineMedia, Inc. (“NCM, Inc.”, “manager” or “managing member”), American Multi-Cinema, Inc. and AMC ShowPlace Theatres, Inc. (“AMC”), wholly owned subsidiaries of AMC Entertainment, Inc. (“AMCE”), Regal Cinemas, Inc. and Regal CineMedia Holdings, LLC, wholly owned subsidiaries of Regal Entertainment Group (“Regal”) and Cinemark Media, Inc. and Cinemark USA, Inc., wholly owned subsidiaries of Cinemark Holdings, Inc. (“Cinemark”). NCM LLC operates the largest digital in-theatre network in North America, allowing NCM LLC to sell advertising (the “Services”) under long-term exhibitor services agreements (“ESAs”) with AMC, Regal and Cinemark. AMC, Regal and Cinemark and their affiliates are referred to in this document as “founding members”. NCM LLC also provides the Services to certain third-party theatre circuits under long-term network affiliate agreements referred to in this document as “network affiliates”, which have terms from three to twenty years.

As of December 31, 2015, the Company had 135,142,972 common membership units outstanding, of which 59,239,154 (43.8%) were owned by NCM, Inc., 26,409,784 (19.5%) were owned by Regal, 25,631,046 (19.0%) were owned by Cinemark, and 23,862,988 (17.7%) 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, the Company sold its Fathom Events business to a newly formed limited liability company owned 32% by each of the founding members and 4% by NCM LLC, as described further in Note 2—Divestiture.

On May 5, 2014, NCM, Inc. entered into the Merger Agreement to merge with Screenvision. On November 3, 2014, the Department of Justice filed a lawsuit seeking to enjoin the merger. On March 16, 2015, the Company announced the termination of the Merger Agreement and the lawsuit was dismissed. After the Merger Agreement was terminated, NCM LLC reimbursed NCM, Inc. for certain expenses pursuant to an indemnification agreement among NCM LLC, NCM, Inc. and the founding members. On March 17, 2015, NCM LLC paid Screenvision an approximate $26.8 million termination payment on behalf of NCM, Inc. This payment was $2 million lower than the reverse termination fee contemplated by the Merger Agreement. During the year ended December 31, 2015, NCM LLC also either paid directly or reimbursed NCM, Inc. for the legal and other merger-related costs of approximately $15.0 million ($7.5 million incurred by NCM, Inc. during the year ended January 1, 2015 and approximately $7.5 million incurred by NCM LLC during the year ended December 31, 2015). The Company and the founding members each bore a pro rata portion of the merger termination fee and the related merger expenses based on their aggregate ownership percentages in NCM LLC when the expenses were incurred.

Basis of Presentation

The Company has prepared its financial statements and related notes of NCM LLC in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”).

As a result of the various related-party agreements discussed in Note 7—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 the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include those related to the reserve for uncollectible accounts receivable, share-based compensation and interest rate swaps. Actual results could differ from those estimates.

Significant Accounting Policies

Accounting Period—The Company has a 52-week or 53-week fiscal year ending on the first Thursday after December 25. Fiscal year 2015 contained 52 weeks. Fiscal years 2014 and 2013 contained 53 and 52 weeks, respectively. Throughout this document, the fiscal years are referred to as set forth below:


Fiscal Year Ended		Reference in this Document
December 31, 2015		2015
January 1, 2015		2014
December 26, 2013		2013

Segment Reporting—Advertising is the principal business activity of the Company and is the Company’s only reportable segment under the requirements of ASC 280—Segment Reporting. Fathom Events (prior to its sale) was an operating segment under ASC 280. The Company does not evaluate its segments on a fully allocated cost basis, nor does the Company track segment assets separately. As such, the results are not indicative of what segment results of operations would have been had it been operated on a fully allocated cost basis. The Company cautions that it would be inappropriate to assume that unallocated operating costs are incurred proportional to segment revenue or any directly identifiable segment expenses. Refer to Note 14—Segment Reporting.

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

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

The Company recorded $3.1 million, $1.2 million and $0.0 million during the years ended December 31, 2015, January 1, 2015 and December 26, 2013, respectively, as advertising revenue whereby the Company received as consideration equity securities in privately held companies. The Company recorded the revenue at the estimated fair value of the advertising exchanged based upon the fair value of the advertising sold for cash within contracts.

Barter Transactions—The Company enters into barter transactions that exchange advertising program time for products and services used principally for selling and marketing activities. The Company records barter transactions at the estimated fair value of the advertising exchanged based on fair value received for similar advertising from cash paying customers. Revenues for advertising barter transactions are recognized when advertising is provided, and products and services received are charged to expense when used. Any timing differences between the delivery of the bartered revenue and the use of the bartered expense products and services are recorded through accounts receivable. Revenue from barter transactions for the years ended December 31, 2015, January 1, 2015 and December 26, 2013 was $2.0 million, $1.3 million and $1.9 million, respectively. Expense recorded from barter transactions for the years ended December 31, 2015, January 1, 2015 and December 26, 2013 was $2.5 million, $1.2 million and $2.9 million, respectively.

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

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

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

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

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

Restricted Cash—As of December 31, 2015 and January 1, 2015, other non-current assets included restricted cash of $0.3 million, which secures a letter of credit used as a lease deposit on the Company’s New York office.

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 with respect to national and regional advertising is reduced by transacting with founding members or large, national advertising agencies who have strong reputations in the advertising industry and clients with stable financial positions. The Company has smaller contracts with thousands of local clients that are not individually significant. As of December 31, 2015 and January 1, 2015, there were no advertising agency groups or individual customers through which the Company sources national advertising revenue representing more than 10% of the Company’s outstanding gross receivable balance. During the years ended December 31, 2015, January 1, 2015 and December 26, 2013, there were no customers that accounted for more than 10% of revenue.

Receivables consisted of the following (in millions):


	As of
	December 31, 2015			January 1, 2015
Trade accounts	$	153.6		$	119.4
Other		0.9			1.4
Less: Allowance for doubtful accounts		(5.6	)		(4.3	)

Total	$	148.9		$	116.5

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


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

Software and website development costs developed or obtained for internal use are accounted for in accordance with ASC 350—Internal Use Software and ASC 350—Website Development Costs. The subtopics require the capitalization of certain costs incurred in developing or obtaining software for internal use. The majority of software costs related primarily to the Company’s inventory management systems and digital network distribution system (DCS) and website development costs, which are included in equipment, are depreciated over three to five years. As of December 31, 2015 and January 1, 2015, the Company had a net book value of $7.4 million and $9.5 million, respectively, of capitalized software and website development costs. Approximately $5.0 million, $6.5 million and $6.1 million was recorded for the years ended December 31, 2015, January 1, 2015 and December 26, 2013, respectively, in depreciation expense related to software and website development. For the years ended December 31, 2015, January 1, 2015 and December 26, 2013, the Company recorded $1.5 million, $1.7 million and $1.8 million in research and development expense, respectively.

The Company assesses impairment of long-lived assets pursuant with ASC 360—Property, Plant and Equipment. This includes determining if certain triggering events have occurred that could affect the value of an asset. The Company recorded losses of $0.4 million, $0.4 million and $0.0 million related to the write-off of property, plant and equipment during the years ended December 31, 2015, January 1, 2015 and December 26, 2013, respectively.

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

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

Amounts Due to Managing Member—Amounts due to the managing member include amounts due under the NCM LLC operating agreement and other contractually obligated payments. Payments to or received from the managing member against outstanding balances are made monthly.

Income Taxes—NCM LLC is not a taxable entity for federal income tax purposes. Accordingly, NCM LLC does not directly pay federal income tax. NCM LLC’s taxable income or loss, which may vary substantially from the net income or loss reported in the Statements of Income, is includable in the federal income tax returns of each founding member and the managing member. NCM LLC is, however, a taxable entity under certain state jurisdictions. Further, in some state instances, NCM LLC may be required to remit composite withholding tax based on its results on behalf of its founding members and managing member.

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

Debt Issuance Costs—In relation to the issuance of outstanding debt discussed in Note 8—Borrowings, there is a balance of $12.9 million and $15.5 million in deferred financing costs as of December 31, 2015 and January 1, 2015, respectively. The debt issuance costs are being amortized on a straight-line basis over the terms of the underlying obligation and are included in interest on borrowings, which approximates the effective interest method.

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


	Years Ended
	December 31, 2015			January 1, 2015			December 26, 2013
Beginning balance	$	15.5		$	17.7		$	18.3
Debt issuance payments		—			0.6			3.4
Amortization of debt issuance costs		(2.6	)		(2.8	)		(2.8	)
Write-off of debt issuance costs		—			—			(1.2	)

Ending balance	$	12.9		$	15.5		$	17.7

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


	As of
	December 31, 2015		January 1, 2015
Investment in AC JV, LLC (1)	$	1.2	$	1.3
Other investments (2)		4.2		1.2

Total	$	5.4	$	2.5

(1)

Refer to Note 7—Related Party Transactions.

(2)

The Company received equity securities in some privately held companies as consideration for advertising contracts. The equity securities were accounted for under the cost method and represent an ownership of less than 20%. The Company does not exert significant influence of these companies’ operating or financial activities.

The Company reviews investments accounted for under the cost and equity methods for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may not be fully recoverable. In order to determine whether the carrying value of investments may have experienced an “other-than-temporary” decline in value necessitating the write-down of the recorded investment, the Company considers various factors including the investees financial condition and quality of assets, the length of time the investee has been operating, the severity and nature of losses sustained in current and prior years, qualifications in accountant’s reports due to liquidity or going concern issues, investee announcements of adverse changes, downgrading of investee debt, regulatory actions, loss of principal customer, negative operating cash flows or working capital deficiencies and the record of an impairment charge by the investee for goodwill, intangible or long-lived assets. If a determination is made that an other-than-temporary impairment exists, the Company writes down its investment to fair value. During the years ended December 31, 2015, January 1, 2015 and December 26, 2013, the Company recorded other-than-temporary impairment charges of $0.0 million, $0.0 million and $0.8 million, respectively. The impairment charge during 2013 brought the investment to a remaining fair value of $0.0 million.

Share-Based Compensation—Through 2012, NCM, Inc. issued stock options, restricted stock and restricted stock units. Since 2013, NCM, Inc. has only issued restricted stock and restricted stock units. Restricted stock and restricted stock units vest upon the achievement of NCM, Inc. performance measures and service conditions or only service conditions. Compensation expense of restricted stock that vests upon the achievement of NCM, Inc. performance measures is based on management’s financial projections and the probability of achieving the projections, which require considerable judgment. A cumulative adjustment is recorded to share-based compensation expense in periods that management changes its estimate of the number of shares expected to vest. Ultimately, NCM, Inc. adjusts the expense recognized to reflect the actual vested shares following the resolution of the performance conditions. Dividends are accrued when declared on unvested restricted stock that is expected to vest and are only paid with respect to shares that actually vest.

Compensation cost of stock options was based on the estimated grant date fair value using the Black-Scholes option pricing model, which requires that NCM, Inc. make estimates of various factors. Under the fair value recognition provisions of ASC 718 Compensation—Stock Compensation, the Company recognizes share-based compensation net of an estimated forfeiture rate, and therefore only recognizes compensation cost for those shares expected to vest over the requisite service period of the award. Refer to Note 9—Share-Based Compensation for more information.

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

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

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

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

Derivative Instruments—The Company is exposed to various financial and market risks including changes in interest rates that exist as part of its ongoing operations. In 2012, NCM LLC utilized certain interest rate swaps to manage these risks. In accordance with ASC 815—Derivatives and Hedging, the effective portion of changes in the fair value of a derivative that was designated as a cash flow hedge was recorded in Accumulated Other Comprehensive Income (“AOCI”) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Any ineffectiveness associated with designated cash flow hedges, as well as, any change in the fair value of a derivative that is not designated as a hedge, was recorded immediately in the Statements of Income. For more information, refer to Note 13—Derivative Instruments and Hedging Activities.

Recent Accounting Pronouncements

In January 2015, the FASB issued Accounting Standards Update 2015-01, Income Statement Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items (“ASU 2015-01”), which eliminates the concept of extraordinary items from GAAP. Under ASU 2015-01, reporting entities will no longer be required to assess whether an underlying event or transaction is extraordinary, however, presentation and disclosure guidance for items that are unusual in nature or occur infrequently are retained, and are expanded to include items that are both unusual in nature and infrequently occurring. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. A reporting entity may apply ASU 2015-01 prospectively. A reporting entity may also apply ASU 2015-01 retrospectively to all periods presented in the financial statements. The Company expects to adopt this accounting guidance in its first quarter of 2016 and does not expect the application of ASU 2015-01 to have a material impact in the audited financial statements or notes thereto.

In February 2015, the FASB issued Accounting Standards Update 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 amends current consolidation guidance by modifying the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities, eliminating the presumption that a general partner should consolidate a limited partnership, and affects the consolidation analysis of reporting entities that are involved with variable interest entities. ASU 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company does not expect the application of ASU 2015-02 to have a material impact in the audited financial statements or notes thereto.

In April 2015, the FASB issued Accounting Standards Update 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”), which provides guidance for simplifying the presentation of debt issuance costs. ASU 2015-03 requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of debt liability, consistent with debt discounts or premiums. This guidance will be effective for fiscal years beginning after December 15, 2015, and early adoption is permitted for financial statements that have not been previously issued. The standard requires application on a retrospective basis and represents a change in accounting principle. In addition, in August 2015, Accounting Standards Update 2015-15, Interest—Imputation of Interest, was released which added SEC paragraphs pursuant to the SEC Staff Announcement at the June 18, 2015 Emerging Issues Task Force (EITF) meeting about the presentation and subsequent measurement of debt issuance costs associated with line-of-credit arrangements. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, ASU 2015-15 states the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The impact of ASU 2015-03 and ASU 2015-15 on the Company’s financial statements includes a reclassification of net deferred financing costs related to the Company’s Term Loans, Senior Secured Notes and Senior Unsecured Notes to be presented in the Balance Sheets as a direct deduction from the carrying amount of those borrowings, while net deferred financing costs related to the Company’s Revolving Credit Facility will remain an asset. As of December 31, 2015, the Company had $10.7 million of net deferred financing costs related to its Term Loans, Senior Secured Notes and Senior Unsecured Notes. The Company expects to adopt this accounting guidance in its first quarter of 2016.

In April 2015, the FASB issued Accounting Standards Update 2015-05, “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement” (“ASU 2015-05”), which provides guidance on accounting for fees paid by a customer in a cloud computing arrangement. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This guidance is effective for fiscal years beginning after December 15, 2015, including interim periods within that reporting period, with early adoption permitted. The Company does not expect the application of ASU 2015-05 to have a material impact in the audited financial statements or notes thereto.

In January 2016, the FASB issued Accounting Standards Update 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”) which revises the guidance in ASC 825-10, Recognition and Measurement of Financial Assets and Financial Liabilities, and provides guidance for the recognition, measurement, presentation, and disclosure of financial assets and liabilities. The guidance is effective for reporting periods (interim and annual) beginning after December 15, 2017, for public companies. The Company is currently assessing the potential impact of ASU 2016-01 on the audited financial statements and related disclosures.

In February 2016, the FASB issued Accounting Standards Update 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). ASU 2016-02 establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently assessing the potential impact of ASU 2016-02 on the audited financial statements and related disclosures.

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

Intangible Assets

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

2. INTANGIBLE ASSETS

In accordance with NCM LLC’s Common Unit Adjustment Agreement with our founding members, on an annual basis the Company determines the amount of common membership units to be issued to or returned by the founding members based on theatre additions or dispositions during the previous year. During the first quarter of 2016 and 2015, the Company issued 1,416,515 and 2,160,915 common membership units to our founding members, respectively, for the rights to exclusive access to the theatre screens and attendees added, net of dispositions by the founding members to NCM LLC’s network during the previous year. The Company recorded a net intangible asset of $21.1 million and $31.4 million during the six months ended June 30, 2016 and July 2, 2015, 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 adjustment 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, then 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 30, 2016 and July 2, 2015 and the six months ended June 30, 2016 and July 2, 2015, the Company recorded a reduction to net intangible assets of $0.7 million, $0.8 million, $0.8 million and $1.1 million, respectively, 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 30, 2016 and July 2, 2015 and the six months ended June 30, 2016 and July 2, 2015, AMC and Cinemark paid a total of $0.1 million, $0.3 million, $1.0 million and $1.1 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.

4. INTANGIBLE ASSETS

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

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

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


	As of January 1, 2015			Additions *(1)*		Amortization			Integration Payments *(3)*			As of December 31, 2015
Gross carrying amount	$	557.9		$	103.4	$	—		$	(2.7	)	$	658.6
Accumulated amortization		(69.3	)		—		(22.6	)		—			(91.9	)

Total intangible assets, net	$	488.6		$	103.4	$	(22.6	)	$	(2.7	)	$	566.7


	As of December 26, 2013			Additions *(2)*		Amortization			Integration Payments *(3)*			As of January 1, 2015
Gross carrying amount	$	540.7		$	19.4	$	—		$	(2.2	)	$	557.9
Accumulated amortization		(48.7	)		—		(20.6	)		—			(69.3	)

Total intangible assets, net	$	492.0		$	19.4	$	(20.6	)	$	(2.2	)	$	488.6

(1)

During the first quarter of 2015, the Company issued 2,160,915 common membership units to its founding members for the rights to exclusive access to net new theatre screens and attendees added by the founding members to NCM LLC’s network during 2014. The Company recorded a net intangible asset of $31.4 million in the first quarter of 2015 as a result of the Common Unit Adjustment.

In December 2015, we issued 4,399,324 common membership units to AMC for attendees added in connection with AMC’s acquisition of Starplex Cinemas and other newly built or acquired theatres. We recorded a net intangible asset of approximately $69.3 million for this Common Unit Adjustment.

During 2015, the Company purchased intangible assets for $2.7 million associated with network affiliate agreements.

(2)

During the first quarter of 2014, the Company issued 1,087,911 common membership units to its founding members for the rights to exclusive access to net new theatre screens and attendees added by the founding members to NCM LLC’s network during 2013. The Company recorded a net intangible asset of $16.4 million in the first quarter of 2014 as a result of the Common Unit Adjustment.

During 2014, the Company purchased intangible assets for $3.0 million associated with network affiliate agreements.

(3)

Rave Cinemas had pre-existing advertising agreements for some of the theatres it owned prior to its acquisition by Cinemark, as well as, prior to the acquisition of certain Rave theatres by AMC in December 2012. As a result, AMC and Cinemark will make integration payments over the remaining term of those agreements. During the year ended December 31, 2015 and January 1, 2015, the Company recorded a reduction to net intangible assets of $2.7 million and $2.2 million, respectively, related to integration payments due from AMC and Cinemark. During the year ended December 31, 2015 and January 1, 2015, the founding members paid $2.6 million and $2.1 million, respectively, in integration payments.

As of December 31, 2015 and January 1, 2015, the Company’s intangible assets related to the founding members, net of accumulated amortization was $535.9 million and $458.3 million, respectively with weighted average remaining lives of 21.2 years and 22.2 years as of December 31, 2015 and January 1, 2015, respectively.

As of December 31, 2015 and January 1, 2015, the Company’s intangible assets related to the network affiliates, net of accumulated amortization was $30.8 million and $30.3 million, respectively with weighted average remaining lives of 13.9 years and 14.9 years as of December 31, 2015 and January 1, 2015, respectively.

For the years ended December 31, 2015, January 1, 2015 and December 26, 2013, the Company recorded amortization expense of $22.6 million, $20.6 million and $16.2 million, respectively. The estimated aggregate amortization expense for each of the five succeeding years is as follows (in millions):


Year	Amortization
2016	$	24.6
2017	$	24.6
2018	$	25.0
2019	$	26.8
2020	$	26.7

Related-Party Transactions

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Related-Party Transactions

3. RELATED PARTY TRANSACTIONS

Founding Member and Managing Member Transactions—In connection with NCM, Inc.’s initial public offering (“IPO”), the Company entered into several agreements to define and regulate the relationships among NCM LLC, NCM, Inc. and the founding members. They include the following:

•

ESAs. Under the ESAs, NCM LLC is the exclusive provider within the United States of advertising services in the founding members’ theatres (subject to pre-existing contractual obligations and other limited exceptions for the benefit of the founding members). The advertising services include the use of the digital content network (“DCN”) equipment required to deliver the on-screen advertising and other content included in the FirstLook pre-show, use of the lobby entertainment network (“LEN”) and rights to sell and display certain lobby promotions. Further, 30 to 60 seconds of advertising included in the FirstLook pre-show is sold to the founding members to satisfy the founding members’ on-screen advertising commitments under their beverage concessionaire agreements. In consideration for access to the founding members’ theatres, theatre patrons, the network equipment required to display on-screen and LEN video advertising and the use of theatres for lobby promotions, the founding members receive a monthly theatre access fee.

•

Common Unit Adjustment Agreement. The common unit adjustment agreement provides a mechanism for increasing or decreasing the membership units held by the founding members based on the acquisition or construction of new theatres or sale of theatres that are operated by each founding member and included in the Company’s network.

•

Software License Agreement. At the date of NCM, Inc.’s IPO, NCM LLC was granted a perpetual, royalty-free license from the founding members to use certain proprietary software that existed at the time for the delivery of digital advertising and other content through the DCN to screens in the U.S. NCM LLC has made improvements to this software since NCM, Inc.’s IPO date and the Company owns those improvements, except for improvements that were developed jointly by NCM LLC and the founding members, if any.

The following tables provide summaries of the transactions between the Company and the founding members (in millions):


	Three Months Ended				Six Months Ended
Included in the Condensed Statements of Income:	June 30, 2016		July 2, 2015		June 30, 2016		July 2, 2015
Revenue:
Beverage concessionaire revenue (included in advertising revenue) (1)	$	7.1	$	9.0	$	14.3	$	16.6
Advertising inventory revenue (included in advertising revenue) (2)		0.1		—		0.2		0.1
Operating expenses:
Theatre access fee (3)		18.9		19.2		37.6		36.4
Purchase of movie tickets and concession products and rental of theatre space (included in selling and marketing costs) (4)		0.5		0.3		0.8		0.5
Purchase of movie tickets and concession products and rental of theatre space (included in other administrative costs)		0.1		0.1		0.1		0.1
Administrative fee—managing member (5)		3.8		3.6		12.8		6.8
Non-operating expenses:
Interest income from notes receivable (included in interest income) (6)		0.2		0.2		0.4		0.5

(1)

For the six months ended June 30, 2016, two of the founding members purchased 60 seconds of on-screen advertising time and one founding member purchased 30 seconds (with all three founding members having a right to purchase up to 90 seconds) from NCM LLC to satisfy their obligations under their beverage concessionaire agreements at a 30 second equivalent cost per thousand (“CPM”) rate specified by the ESA. For the three and six months ended July 2, 2015 all the founding members purchased 60 seconds of on-screen advertising time.

(2)

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

(3)

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

(4)

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

(5)

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

(6)

On December 26, 2013, NCM LLC sold its Fathom Events business to a newly formed limited liability company (AC JV, LLC) owned 32% by each of the founding members and 4% by NCM LLC. In consideration for the sale, NCM LLC received a total of $25.0 million in promissory notes from its founding members (one-third or approximately $8.3 million from each founding member). The notes bear interest at a fixed rate of 5.0% per annum, compounded annually. Interest and principal payments are due annually in six equal installments commencing on the first anniversary of the closing.


	As of
Included in the Condensed Balance Sheets:	June 30, 2016		December 31, 2015
Current portion of notes receivable—founding members (1)		4.2		4.2
Long-term portion of notes receivable—founding members (1)		12.5		12.5
Interest receivable on notes receivable (included in other current assets) (1)		0.4		—
Prepaid administrative fees to managing member (2)		0.7		0.7
Common unit adjustments and integration payments, net of amortization (included in intangible assets) (3)		544.0		535.9

(1)

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

(2)

The payments to NCM, Inc. for estimated management services related to employment are made one month in advance. NCM LLC also provides administrative and support services to NCM, Inc. such as office facilities, equipment, supplies, payroll, accounting and financial reporting at no charge. Based on the limited activities of NCM, Inc. as a standalone entity, the Company does not believe such unreimbursed costs are significant.

(3)

Refer to Note 2—Intangible Assets for further information on common unit adjustments and integration payments.

On March 16, 2015, NCM, Inc. announced the termination of the Merger Agreement with Screenvision. After the Merger Agreement was terminated, NCM LLC reimbursed NCM, Inc. for certain expenses pursuant to an indemnification agreement among NCM LLC, NCM, Inc. and the founding members. On March 17, 2015, the Company paid Screenvision an approximate $26.8 million termination payment on behalf of NCM, Inc. During the six months ended July 2, 2015, the Company also either paid directly or reimbursed NCM, Inc. for the legal and other merger-related costs of approximately $15.0 million ($7.5 million incurred by NCM, Inc. during the year ended January 1, 2015 and approximately $7.5 million incurred by NCM LLC during the six months ended July 2, 2015). NCM, Inc. and the founding members each bore a pro rata portion of the termination fee and the related merger expenses based on their aggregate ownership percentages in NCM LLC when the expenses were incurred.

Pursuant to the terms of the NCM LLC Operating Agreement in place since the completion of NCM, Inc.’s IPO, the Company 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 of available cash for the three and six months ended June 30, 2016 and July 2, 2015 were as follows (in millions):


	Three Months Ended				Six Months Ended
	June 30, 2016		July 2, 2015		June 30, 2016		July 2, 2015
AMC	$	3.2	$	6.9	$	3.5	$	6.9
Cinemark		2.8		9.0		3.2		9.0
Regal		2.8		9.2		3.2		9.2

Total founding members		8.8		25.1		9.9		25.1
NCM, Inc.		6.1		20.7		7.0		20.7

Total	$	14.9	$	45.8	$	16.9	$	45.8

Due to the merger termination fee and related merger expenses, the mandatory distributions of available cash by the Company to its founding members and NCM, Inc. for the three months ended April 2, 2015 was calculated as negative $25.5 million ($14.0 million for the founding members and $11.5 million for NCM, Inc.). Therefore, there was no payment made in the second quarter of 2015. Under the terms of the NCM LLC Operating Agreement, this negative amount was netted against the available cash distributions for the second quarter of 2016. The mandatory distributions of available cash by the Company to its founding members for the three months ended June 30, 2016 of $8.8 million (net of the negative available cash from the first quarter of 2015 described above) is included in amounts due to founding members on the unaudited Condensed Balance Sheets as of June 30, 2016 and will be made in the third quarter of 2016. The mandatory distributions of available cash by NCM LLC to its managing member for the three months ended June 30, 2016 of $6.1 million (net of the negative available cash from first quarter of 2015 described above) is included in amounts due from managing member on the unaudited Condensed Balance Sheets as of June 30, 2016 and will be made in the third quarter of 2016.

Amounts due to founding members as of June 30, 2016 were comprised of the following (in millions):


	AMC			Cinemark			Regal		Total
Theatre access fees, net of beverage revenues	$	1.9		$	1.0		$	1.5	$	4.4
Cost and other reimbursement		(0.5	)		(0.3	)		—		(0.8	)
Distributions payable to founding members		3.2			2.8			2.8		8.8

Total amounts due to founding members	$	4.6		$	3.5		$	4.3	$	12.4

Amounts due to founding members as of December 31, 2015 were comprised of the following (in millions):


	AMC			Cinemark			Regal		Total
Theatre access fees, net of beverage revenues	$	1.8		$	1.0		$	1.5	$	4.3
Cost and other reimbursement		(0.9	)		(0.3	)		—		(1.2	)
Distributions payable to founding members		10.2			10.9			11.3		32.4

Total amounts due to founding members	$	11.1		$	11.6		$	12.8	$	35.5

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


	As of
	June 30, 2016			December 31, 2015
Distributions payable to managing member	$	6.1		$	25.2
Cost and other reimbursement		(6.9	)		(2.3	)

Total amounts due (from) to managing member	$	(0.8	)	$	22.9

AC JV, LLC Transactions—In December 2013, NCM LLC sold its Fathom Events business to a newly formed limited liability company, AC JV, LLC, owned 32% by each of the founding members and 4% by NCM LLC. The Company accounts for its investment in AC JV, LLC under the equity method of accounting in accordance with ASC 323-30, Investments—Equity Method and Joint Ventures (“ASC 323-30”) because AC JV, LLC is a limited liability company with the characteristics of a limited partnership and ASC 323-30 requires the use of equity method accounting unless the Company’s interest is so minor that it would have virtually no influence over partnership operating and financial policies. Although NCM LLC does not have a representative on AC JV, LLC’s Board of Directors or any voting, consent or blocking rights with respect to the governance or operations of AC JV, LLC, the Company concluded that its interest was more than minor under the accounting guidance. The Company’s investment in AC JV, LLC was $1.2 million and $1.2 million as of June 30, 2016 and December 31, 2015, respectively. Equity in earnings from AC JV, LLC was $0.0 million, $0.0 million, $0.0 million and $0.1 million for the three months ended June 30, 2016 and July 2, 2015 and the six months ended June 30, 2016 and July 2, 2015, respectively and is included in non-operating expenses in the unaudited Condensed Statements of Income.

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

The Company has an agreement with LA Live, an affiliate of The Anschutz Corporation. The Anschutz Corporation is a wholly-owned subsidiary of the Anschutz Company, which is the controlling stockholder of Regal. During the three months ended June 30, 2016 and July 2, 2015 and the six months ended June 30, 2016 and July 2, 2015, there was approximately $0.1 million, $0.0 million, $0.1 million and $0.1 million, respectively, included in advertising operating costs related to LA Live, and there was approximately $0.1 million and $0.1 million of accounts payable with this company as of June 30, 2016 and December 31, 2015, respectively.

Other Transactions—The Company had 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. There was approximately $0.0 million and $0.3 million of accounts receivable due from this company as of June 30, 2016 and December 31, 2015, respectively.

NCM LLC has an agreement with AEG Live, an affiliate of The Anschutz Corporation, for AEG Live to showcase musical artists in NCM LLC’s FirstLook pre-show. During the three months ended June 30, 2016 and July 2, 2015 and the six months ended June 30, 2016 and July 2, 2015, NCM LLC recorded approximately $0.4 million, $0.5 million, $0.8 million and $0.9 million, respectively, in revenue from AEG Live. As of June 30, 2016 and December 31, 2015, had approximately $0.4 million and $0.4 million, respectively, of accounts receivable from AEG Live.

7. RELATED PARTY TRANSACTIONS

Founding Member Transactions—In connection with the IPO, the Company entered into several agreements to define and regulate the relationships among the Company, NCM Inc., and the founding members. They include the following:

•

ESAs. Under the ESAs, the Company is the exclusive provider within the United States of advertising services in the founding members’ theatres (subject to pre-existing contractual obligations and other limited exceptions for the benefit of the founding members). The advertising services include the use of the DCN equipment required to deliver the on-screen advertising and other content included in the FirstLook pre-show, use of the LEN and rights to sell and display certain lobby promotions. Further, 30 to 60 seconds of advertising included in the FirstLook pre-show is sold to the founding members to satisfy the founding members’ on-screen advertising commitments under their beverage concessionaire agreements. In consideration for access to the founding members’ theatres, theatre patrons, the network equipment required to display on-screen and LEN video advertising and the use of theatres for lobby promotions, the founding members receive a monthly theatre access fee.

•

Common Unit Adjustment Agreement. The common unit adjustment agreement provides a mechanism for increasing or decreasing the membership units held by the founding members based on the acquisition or construction of new theatres or sale of theatres that are operated by each founding member and included in the Company’s network.

•

Software License Agreement. At the date of NCM, Inc.’s IPO, the Company was granted a perpetual, royalty-free license from the founding members to use certain proprietary software that existed at the time for the delivery of digital advertising and other content through the DCN to screens in the U.S. The Company has made improvements to this software since the IPO date and NCM LLC owns those improvements, except for improvements that were developed jointly by the Company and its founding members, if any.

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


	Years Ended
Included in the Statements of Income:	December 31, 2015		January 1, 2015		December 26, 2013
Revenue:
Beverage concessionaire revenue (included in advertising revenue) (1)	$	30.0	$	38.4	$	41.4
Advertising inventory revenue (included in advertising revenue) (2)		0.2		0.3		0.2
Operating expenses:
Theatre access fee (3)		72.5		70.6		69.4
Revenue share from Fathom Events (included in Fathom Events operating costs) (4)		—		—		5.1
Purchase of movie tickets and concession products and rental of theatre space (included in Fathom Events operating costs) (5)		—		—		0.2
Purchase of movie tickets and concession products and rental of theatre space (included in selling and marketing costs) (6)		1.2		0.9		1.4
Purchase of movie tickets and concession products (included in advertising operating costs) (6)		—		—		0.2
Purchase of movie tickets and concession products and rental of theatre space (included in other administrative and other costs)		0.1		0.1
Administrative fee—managing member (7)		17.2		10.2		10.0
Non-operating expenses:
Gain on sale of Fathom Events (8)		—		—		25.4
Interest income from notes receivable (included in interest income) (8)		1.0		1.2		—

(1)

For the six months ended December 31, 2015, two of the founding members purchased 60 seconds of on-screen advertising time and one founding member purchased 30 seconds (with all three founding members having a right to purchase up to 90 seconds) from the Company to satisfy their obligations under their beverage concessionaire agreements at a 30 second equivalent CPM rate specified by the ESA. For the first six months of 2015 and for the years ended December 31, 2015 and January 1, 2015, the founding members purchased 60 seconds of on-screen advertising time.

(2)

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

(3)

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

(4)

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

(5)

Prior to the sale of Fathom Events on December 26, 2013, these were used primarily for marketing resale to Fathom Events customers.

(6)

Used primarily for marketing to the Company’s advertising clients.

(7)

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

(8)

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


	As of
Included in the Balance Sheets:	December 31, 2015		January 1, 2015
Current portion of note receivable—founding members (1)	$	4.2	$	4.2
Long-term portion of note receivable—founding members (1)		12.5		16.6
Prepaid administrative fees to managing member (2)		0.7		0.7
Common unit adjustments and integration payments, net of amortization (included in intangible assets)		535.9		458.3

(1)

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

(2)

The payments for estimated management services related to employment are made one month in advance. NCM LLC also provides administrative and support services to NCM, Inc. such as office facilities, equipment, supplies, payroll and accounting and financial reporting at no charge. Based on the limited activities of NCM, Inc. as a standalone entity, the Company does not believe such unreimbursed costs are significant.

At the date of NCM, Inc.’s IPO, NCM LLC was granted a perpetual, royalty-free license from the founding members to use certain proprietary software that existed at the time for the delivery of digital advertising and other content through the DCN to screens in the U.S. NCM LLC has made improvements to this software since NCM, Inc.’s IPO date and the Company owns those improvements, except for improvements that were developed jointly by NCM LLC and the founding members, if any.

On March 16, 2015, NCM, Inc. announced the termination of the Merger Agreement with Screenvision. After the Merger Agreement was terminated, NCM LLC reimbursed NCM, Inc. for certain expenses pursuant to an indemnification agreement among NCM LLC, NCM, Inc. and the founding members. On March 17, 2015, NCM LLC paid Screenvision an approximate $26.8 million termination payment on behalf of NCM, Inc. This payment was $2 million lower than the reverse termination fee contemplated by the Merger Agreement. During the year ended December 31, 2015, we also either paid directly or reimbursed NCM, Inc. for the legal and other merger-related costs of approximately $15.0 million ($7.5 million incurred by NCM, Inc. during the year ended January 1, 2015 and approximately $7.5 million incurred by us during the year ended December 31, 2015). NCM, Inc. and the founding members each bore a pro rata portion of the termination fee and the related merger expenses based on their aggregate ownership percentages in NCM LLC when the expenses were incurred.

Pursuant to the terms of the NCM LLC Operating Agreement in place since the completion of NCM, Inc.’s IPO, the Company is required to make mandatory distributions on a proportionate basis to its members of available cash, as defined in the NCM LLC Operating Agreement, on a quarterly basis in arrears. Mandatory distributions for the years ended December 31, 2015, January 1, 2015 and December 26, 2013 are as follows (in millions):


	Years Ended
	December 31, 2015		January 1, 2015		December 26, 2013
AMC	$	23.8	$	21.9	$	29.8
Cinemark		28.7		28.0		36.9
Regal		29.6		29.5		37.1
Total founding members		82.1		79.4		103.8

NCM, Inc.		66.4		67.0		89.6

Total	$	148.5	$	146.4	$	193.4

Due to the merger termination fee and related merger expenses, the mandatory distributions of available cash to our members for the three months ended April 2, 2015 was calculated as negative $25.5 million ($14.0 million for the founding members and $11.5 million for NCM, Inc.). Therefore, there was no payment made in the second quarter of 2015. Under the terms of the NCM LLC Operating Agreement, this negative amount will be netted against the available cash distributions for the second quarter of 2016, which will be paid in the third quarter of 2016. Until the settlement in the third quarter of 2016, the remaining merger-related costs will be funded through borrowings on the revolving credit facility.

The mandatory distributions of available cash by the Company to its founding members for the quarter ended December 31, 2015 of $32.3 million, is included in amounts due to founding members in the Balance Sheets as of December 31, 2015 and will be made in the first quarter of 2016. The mandatory distributions of available cash by NCM LLC to its managing member for the quarter ended December 31, 2015 of $25.2 million is included in amounts due to managing member on the Balance Sheets as of December 31, 2015 and will be made in the first quarter of 2016.

Amounts due to founding members as of December 31, 2015 were comprised of the following (in millions):


	AMC			Cinemark			Regal		Total
Theatre access fees, net of beverage revenues	$	1.8		$	1.0		$	1.5	$	4.3
Cost and other reimbursement		(0.9	)		(0.3	)		—		(1.2	)
Distributions payable to founding members		10.2			10.9			11.3		32.4

Total	$	11.1		$	11.6		$	12.8	$	35.5

Amounts due to founding members as of January 1, 2015 were comprised of the following (in millions):


	AMC			Cinemark			Regal		Total
Theatre access fees, net of beverage revenues	$	0.8		$	0.8		$	1.2	$	2.8
Cost and other reimbursement		(0.6	)		(0.2	)		—		(0.8	)
Distributions payable to founding members		9.1			11.6			12.2		32.9

Total	$	9.3		$	12.2		$	13.4	$	34.9

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


	As of December 31, 2015			As of January 1, 2015
Distributions payable	$	25.2		$	27.7
Cost and other reimbursement		(2.3	)		(4.1	)

Total	$	22.9		$	23.6

Common Unit Membership Redemption—The NCM LLC Operating Agreement provides a redemption right of the founding members to exchange common membership units of NCM LLC for shares of NCM, Inc.’s common stock on a one-for-one basis, or at NCM, Inc.’s option, a cash payment equal to the market price of one share of NCM, Inc. common stock. During the third quarter of 2013, Regal exercised the redemption right of an aggregate 2,300,000 common membership units for a like number of shares of NCM, Inc. common stock. Such redemptions took place immediately prior to the closing of an underwritten public offering and the closing of an overallotment option. NCM, Inc. did not receive any proceeds from the sale of its common stock by Regal. During the fourth quarter of 2015, AMC exercised the redemption right of an aggregate 200,000 common membership units for a like number of shares of NCM, Inc.’s common stock. These shares were not sold and as of December 31, 2015 AMC owned 200,000 shares of NCM, Inc. common stock.

AC JV, LLC Transactions—The Company accounts for its investment in AC JV, LLC under the equity method of accounting in accordance with ASC 323-30, Investments—Equity Method and Joint Ventures (“ASC 323-30”) because AC JV, LLC is a limited liability company with the characteristics of a limited partnership and ASC 323-30 requires the use of equity method accounting unless the Company’s interest is so minor that it would have virtually no influence over partnership operating and financial policies. Although NCM LLC does not have a representative on AC JV, LLC’s Board of Directors or any voting, consent or blocking rights with respect to the governance or operations of AC JV, LLC, the Company concluded that its interest was more than minor under the accounting guidance. The Company’s investment in AC JV, LLC was $1.2 million and $1.3 million as of December 31, 2015 and January 1, 2015, respectively. During the year ended December 31, 2015, we received a cash distribution from AC JV, LLC of $0.2 million. Following is a summary of the transactions between NCM LLC and AC JV, LLC (in millions):


	Years Ended
Included in the Statements of Income:	December 31, 2015		January 1, 2015		December 26, 2013
Transition services (included in network costs) (1)	$	0.1	$	0.2	$	—
Equity in earnings of non-consolidated entities (included in other non-operating expense)		0.1		0.2		—

(1)

In connection with the sale of Fathom Events, NCM LLC entered into a transition services agreement to provide certain corporate overhead services for a fee and reimbursement for the use of facilities and certain services including creative, technical event management and event management for the newly formed limited liability company. These fees received by NCM LLC are included as an offset to network costs in the audited Statements of Income.

Related Party Affiliates—The Company 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. We have an agreement with LA Live, an affiliate of The Anschutz Corporation. The Anschutz Corporation is a wholly-owned subsidiary of the Anschutz Company, which is the controlling stockholder of Regal. During the years ended December 31, 2015, January 1, 2015 and December 26, 2013, there was approximately $0.2 million, $0.2 million and $0.2 million, respectively, included in advertising operating costs related to LA Live, and there was approximately $0.1 million and $0.1 million of accounts payable with this company as of December 31, 2015 and January 1, 2015, respectively.

Other Transactions—The Company had 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 years ended December 31, 2015, January 1, 2015 and December 26, 2013, this company generated approximately $0.0 million, $0.3 million, and $0.6 million, respectively, in revenue for NCM LLC and there was approximately $0.3 million and $0.3 million, respectively, of accounts receivable due from this company as of December 31, 2015 and January 1, 2015.

NCM LLC has an agreement with AEG Live, an affiliate of The Anschutz Corporation, for AEG Live to showcase musical artists in the FirstLook pre-show. The Anschutz Corporation is a wholly-owned subsidiary of the Anschutz Company, which is the controlling stockholder of Regal. During the years ended December 31, 2015, January 1, 2015 and December 26, 2013 NCM LLC received approximately $1.6 million, $0.7 million and $0.2 million, respectively, in revenue from AEG Live and as of December 31, 2015 and January 1, 2015, had $0.4 million and $0.4 million, respectively, of accounts receivable from AEG Live.

Borrowings

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Debt Disclosure [Abstract]

Borrowings

4. BORROWINGS

The following table summarizes the Company’s total outstanding debt as of June 30, 2016 and December 31, 2015 and the significant terms of its borrowing arrangements (in millions):


	Outstanding Balance as of
Borrowings	June 30, 2016			December 31, 2015			Maturity Date		Interest Rate
Revolving Credit Facility	$	72.0		$	66.0			November 26, 2019		(1)
Term Loans		270.0			270.0			November 26, 2019		(1)
Senior Unsecured Notes		200.0			200.0			July 15, 2021		7.875%
Senior Secured Notes		400.0			400.0			April 15, 2022		6.000%

Total borrowings		942.0			936.0
Less: debt issuance costs related to term loans and senior notes		(9.6	)		(10.6	)

Carrying value of long-term debt	$	932.4		$	925.4

(1)

The interest rates on the revolving credit facility and term loans are described below.

Senior Secured Credit Facility—As of June 30, 2016, the Company’s senior secured credit facility consisted of a $175.0 million revolving credit facility and a $270.0 million term loan. On May 26, 2016, the Company entered into an incremental amendment of its senior secured credit facility whereby the revolving credit facility was increased by $40.0 million from $135.0 million to $175.0 million.

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 30, 2016, the Company’s total availability under the $175.0 million revolving credit facility was $103.0 million. The unused line fee is 0.50% per annum. 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 weighted-average interest rate on the outstanding balance on the revolving credit facility as of June 30, 2016 was 2.93%.

Term Loans—The interest rate on the term loans is a rate chosen 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 30, 2016 was 3.22%. 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 30, 2016, 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 30, 2016, the Company’s consolidated net senior secured leverage ratio was 3.5 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 was in compliance as of June 30, 2016.

Senior Secured Notes due 2022—On July 27, 2012, the Company completed a private placement of $400.0 million in aggregate principal amount of 6.000% 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 was in compliance as of June 30, 2016.

8. BORROWINGS

The following table summarizes the Company’s total outstanding debt as of December 31, 2015 and January 1, 2015 and the significant terms of its borrowing arrangements:


	Outstanding Balance as of
Borrowings ($ in millions)	December 31, 2015		January 1, 2015		Maturity Date		Interest Rate
Revolving Credit Facility	$	66.0	$	22.0		November 26, 2019		(1)
Term Loans		270.0		270.0		November 26, 2019		(1)
Senior Unsecured Notes		200.0		200.0		July 15, 2021		7.875%
Senior Secured Notes		400.0		400.0		April 15, 2022		6.000%

Total	$	936.0	$	892.0

(1)

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

Senior Secured Credit Facility—As of December 31, 2015, the Company’s senior secured credit facility consisted of a $135.0 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. In addition, on July 2, 2014, the Company entered into an amendment of its senior secured credit facility whereby the maturity date was extended by two years to November 26, 2019, which corresponds to the maturity date of the $270 million term loans. The obligations under the senior secured credit facility are secured by a lien on substantially all of the assets of NCM LLC.

Revolving Credit Facility—The revolving credit facility portion of the 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 December 31, 2015, the Company’s total availability under the $135.0 million revolving credit facility was $69.0 million. The unused line fee is 0.50% per annum. 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 NCM LLC (the ratio of secured funded debt less unrestricted cash and cash equivalents, over a non-GAAP measure defined in the senior secured credit facility). The applicable margins on the revolving credit facility are the LIBOR index plus 2.00% or the base rate plus 1.00%. The weighted-average interest rate on the outstanding balance on the revolving credit facility as of December 31, 2015 was 2.24%. On December 31, 2014, $14.0 million of the revolving credit facility matured and NCM LLC paid the balance in full, along with any accrued and unpaid fees and interest. The maturity date applicable to the remaining revolving credit facility principal is November 26, 2019.

Term Loans—In connection with the amendment of its senior secured credit facility on May 2, 2013, the interest rate on the term loans decreased by 50 basis points to a rate at NCM LLC’s option of either the LIBOR index plus 2.75% or the base rate (Prime Rate or the Federal Funds Effective Rate, as defined in the senior secured credit facility) plus 1.75%. The weighted-average interest rate on the term loans as of December 31, 2015 was 2.99%. 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 at December 31, 2015, including maintaining a consolidated net senior secured leverage ratio of 6.5 times on a quarterly basis. NCM LLC is permitted to make quarterly dividend payments and other payments based on leverage ratios for NCM LLC and its subsidiaries so long as no default or event of default has occurred and continues to occur. The quarterly dividend payments and other distributions are made even if consolidated net senior secured leverage ratio is less than or equal to 6.5 times. 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. If there are limitations on the restricted payments, the Company may not declare or pay any dividends, or make any payments on account of NCM LLC, or set aside assets for the retirement or other acquisition of capital stock of the borrower or any subsidiaries, or make any other distribution for obligations of NCM LLC. When these restrictions are effective, the Company may still pay the services fee and reimbursable costs pursuant to terms of the management agreement. NCM LLC can also make payments pursuant to the tax receivable agreement in the amount, and at the time necessary to satisfy the contractual obligations with respect to the actual cash tax benefits payable to the founding members. As of December 31, 2015, 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 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 was in compliance as of December 31, 2015.

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 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 NCM LLC, rank the same as the senior secured credit facility, subject to certain exceptions, and share in the same collateral that secures the obligations under the senior secured credit facility. The Senior Secured Notes contain certain non-maintenance covenants with which the Company was in compliance as of December 31, 2015.

Future Maturities of Borrowings—The scheduled annual maturities on the Senior Secured Credit Facility and Senior Secured and Senior Unsecured Notes as of December 31, 2015 are as follows (in millions):


Year	Amount
2016	$	—
2017		—
2018		—
2019		336.0
2020		—
Thereafter		600.0

Total	$	936.0

Commitments And Contingencies

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Commitments and Contingencies Disclosure [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 individually and in the aggregate 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 twenty years, prior to any renewal periods of which some are at the option of the Company. As of June 30, 2016, the maximum potential amount of future payments the Company could be required to make pursuant to the minimum revenue guarantees is $38.6 million over the remaining terms of the network affiliate agreements, which calculation does not include any potential future extensions. As of June 30, 2016 and December 31, 2015, the Company had no liabilities recorded for these obligations, as such guarantees are less than the expected share of revenue paid to the network affiliate.

11. 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, individually and in aggregate, on its financial position, results of operations or cash flows.

Operating Commitments—The Company leases office facilities for its headquarters in Centennial, Colorado and also in various cities for its sales and marketing and software development personnel. Total lease expense for the years ended December 31, 2015, January 1, 2015 and December 26, 2013, was $2.3 million, $2.2 million and $2.3 million, respectively.

Future minimum lease payments under noncancelable operating leases as of December 31, 2015 are as follows (in millions):


Year	Minimum Lease Payments
2016	$	2.7
2017		2.1
2018		1.8
2019		1.8
2020		1.7
Thereafter		1.0

Total	$	11.1

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. As of December 31, 2015, the maximum potential amount of future payments the Company could be required to make pursuant to the minimum revenue guarantees is $38.3 million over the remaining terms of the network affiliate agreements, which calculation does not include any potential extensions offered subsequent to December 31, 2015. As of December 31, 2015 and January 1, 2015, the Company had no liabilities recorded for these obligations, as such guarantees are less than the expected share of revenue paid to the affiliate.

Fair Value Measurements

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

6. FAIR VALUE MEASUREMENTS

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

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

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

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

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.

Other investments consisted of the following (in millions):


	As of
	June 30, 2016		December 31, 2015
Investment in AC JV, LLC (1)	$	1.2	$	1.2
Other investments (2)		5.6		4.2

Total	$	6.8	$	5.4

(1)

Refer to Note 3—Related Party Transactions.

(2)

The Company received equity securities in privately held companies as consideration for a portion of advertising contracts. The equity securities were accounted for under the cost method and represent an ownership of less than 20%. The Company does not exert significant influence on these companies’ operating or financial activities.

During the three and six months ended June 30, 2016, the Company recorded an other-than-temporary impairment charge of $0.7 million and $0.7 million, respectively. This impairment charge brought the investment to a remaining value of $0.0 million. The fair value of the other investments has not been estimated as of June 30, 2016 and December 31, 2015 as there were no identified events or changes in the circumstances that had a significant adverse effect on the fair value of those investments and it is not practicable to do so because the equity securities are not in publicly traded companies. As the inputs to the determination of fair value are based upon non-identical assets and use significant unobservable inputs, they have been classified as Level 3 in the fair value hierarchy.

As of June 30, 2016 and December 31, 2015, the Company had notes receivable totaling $16.7 million and $16.7 million, respectively, from its founding members related to the sale of Fathom Events, as described in Note 3—Related Party Transactions. These notes were initially valued using comparative market multiples. There were no identified events or changes in circumstances that had a significant adverse effect on the fair value of the notes receivable. The notes are classified as Level 3 in the fair value hierarchy as the inputs to the determination of fair value are based upon non-identical assets and use significant unobservable inputs.

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


	As of June 30, 2016				As of December 31, 2015
	Carrying Value		Fair Value *(1)*		Carrying Value		Fair Value *(1)*
Term Loans	$	270.0	$	269.6	$	270.0	$	269.3
Senior Unsecured Notes		200.0		208.5		200.0		208.4
Senior Secured Notes		400.0		416.0		400.0		414.5

(1)

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

12. FAIR VALUE MEASUREMENTS

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

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

As of December 31, 2015 and January 1, 2015, the Company had other investments of $5.4 million and $2.5 million, respectively. The fair value of these investments has not been estimated as of December 31, 2015 as there were no identified events or changes in the 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 publicly traded companies. Refer to Note 1—Basis of Presentation and Summary of Significant Accounting Policies for more details. As the inputs to the determination of fair value are based upon non-identical assets and use significant unobservable inputs, they have been classified as Level 3 in the fair value hierarchy.

As of December 31, 2015, the Company had notes receivable totaling $16.7 million from its founding members related to the sale of Fathom Events, as described in Note 2—Divestiture. These notes were initially valued using comparative market multiples. There were no identified events or changes in circumstances that had a significant adverse effect on the fair value of the notes receivable. The notes 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.


	As of December 31, 2015				As of January 1, 2015
	Carrying Value		Fair Value *(1)*		Carrying Value		Fair Value *(1)*
Term Loans	$	270.0	$	269.3	$	270.0	$	257.9
Senior Unsecured Notes		200.0		208.4		200.0		210.8
Senior Secured Notes		400.0		414.5		400.0		400.8

(1)

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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.

+ References + Details

Derivative Instruments And Hedging Activities

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Derivative Instruments And Hedging Activities

7. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

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 was amortized into earnings over the remaining period during which interest payments were hedged, or February 13, 2015. 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 30, 2016, there were no amounts outstanding related to these discontinued cash flow hedges.

The changes in AOCI by component for the six months ended June 30, 2016 and July 2, 2015 were as follows (in millions):


	Six Months Ended
	June 30, 2016		July 2, 2015			Income Statement Location
Balance at beginning of period	$	—	$	(1.6	)
Amounts reclassified from AOCI:
Amortization on discontinued cash flow hedges		—		1.6			Amortization of terminated derivatives

Total amounts reclassified from AOCI		—		1.6

Net other comprehensive income		—		1.6

Balance at end of period	$	—	$	—

13. 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 December 31, 2015 and January 1, 2015, 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 was amortized into earnings over the remaining period during which interest payments were hedged, or February 13, 2015. 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 December 31, 2015, there were no amounts outstanding related to these discontinued cash flow hedges.


	Year Ended
	December 31, 2015			January 1, 2015			December 26, 2013			Income Statement Location
Balance at beginning of period	$	(1.6	)	$	(11.6	)	$	(21.9	)
Amounts reclassified from AOCI:
Amortization on discontinued cash flow hedges		1.6			10.0			10.3			Amortization of terminated derivatives

Total amounts reclassified from AOCI		1.6			10.0			10.3

Net other comprehensive income		1.6			10.0			10.3

Balance at end of period	$	—		$	(1.6	)	$	(11.6	)

Discontinued Operations and Disposal Groups [Abstract]

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

+ References

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-Paragraph 4
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
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-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Divestiture

12 Months Ended

Dec. 31, 2015

Divestiture

2. DIVESTITURE

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

Future minimum principal payments under the notes receivable as of December 31, 2015 are approximately as follows (in millions):


Year	Minimum Principal Payments
2016	$	4.2
2017		4.2
2018		4.2
2019		4.1
2020		—

Total	$	16.7

On December 26, 2013, NCM LLC amended and restated its existing ESAs with each of the founding members to remove those provisions addressing the rights and obligations related to the digital programming services of the Fathom Events business. These rights and obligations were conveyed to AC JV, LLC in connection with the sale. In connection with the sale, the Company entered into a transition services agreement to provide certain corporate overhead services for a fee and reimbursement for the use of facilities and certain services including creative, technical event management and event management for the newly formed limited liability company. In addition, the Company entered into a services agreement with a term coinciding with the ESAs, which grants the newly formed limited liability company advertising on-screen and on the LEN and a pre-feature program prior to Fathom events reasonably consistent with what was previously dedicated to Fathom. In addition, the services agreement provides that the Company will assist with event sponsorship sales in return for a share of the sponsorship revenue. The Company has also agreed to provide creative and media production services for a fee. For more information, refer to Note 7—Related Party Transactions.

Due to the Company’s continuing equity method investment in the newly formed limited liability company, the operations of Fathom Events and the gain on the sale were recorded in continuing operations on the Statements of Income. Refer to Note 7—Related Party Transactions for further discussion of the investment.

Property, Plant and Equipment [Abstract]

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Property And Equipment

12 Months Ended

Dec. 31, 2015

Property And Equipment

3. PROPERTY AND EQUIPMENT

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


	As of
	December 31, 2015			January 1, 2015
Equipment, computer hardware and software	$	77.1		$	89.4
Leasehold improvements		3.4			3.6
Less: Accumulated depreciation		(64.1	)		(72.9	)

Subtotal		16.4			20.1
Construction in progress		8.7			2.3

Total property and equipment	$	25.1		$	22.4

For the years ended December 31, 2015, January 1, 2015 and December 26, 2013, the Company recorded depreciation expense of $9.6 million, $11.1 million, and $10.4 million, respectively.

Accrued Expenses

12 Months Ended

Dec. 31, 2015

Payables and Accruals [Abstract]

Accrued Expenses

5. ACCRUED EXPENSES

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


	As of December 31, 2015		As of January 1, 2015
Make-good reserve	$	3.4	$	2.0
Accrued interest		12.5		12.6
Deferred rent		2.1		2.4
Other accrued expenses		0.9		2.0

Total accrued expenses	$	18.9	$	19.0

Members' Deficit	12 Months Ended
Members' Deficit	Dec. 31, 2015
Equity [Abstract]
Members' Deficit	6. MEMBERS’ DEFICIT NCM LLC’s founding members received all proceeds from NCM, Inc.’s IPO and related issuances of debt, except for amounts needed to pay out-of-pocket costs of the financings and other expenses. The ESAs with the founding members were amended and restated in conjunction with the IPO under which NCM LLC became the exclusive provider of advertising services to the founding members for a 30-year term. In conformity with accounting guidance of the SEC concerning monetary consideration paid to promoters, such as the founding members, in exchange for property conveyed by the promoters, the excess over predecessor cost was treated as a special distribution. Because the founding members had no cost basis in the ESAs, nearly all payments to the founding members with the proceeds of the IPO and related debt, have been accounted for as distributions. The distributions by NCM LLC to the founding members made at the date of the IPO resulted in a members’ deficit.

Share-Based Compensation

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

9. SHARE-BASED COMPENSATION

The NCM, Inc. 2007 Equity Incentive Plan, as amended (the “Equity Incentive Plan”), reserves 12,974,589 shares of common stock available for issuance or delivery under the Equity Incentive Plan of which 3,636,589 shares remain available for future grants as of December 31, 2015 (assuming 100% achievement of targets on performance-based restricted stock). The management services agreement provides that the Company may participate in the Equity Incentive Plan. The types of awards that may be granted under the Equity Incentive Plan include stock options, stock appreciation rights, restricted stock, restricted stock units or other stock based awards. Stock options awarded under the Equity Incentive Plan are granted with an exercise price equal to the closing market price of NCM, Inc. common stock on the date NCM, Inc.’s board of directors approves the grant. Upon vesting of the restricted stock awards or exercise of options, NCM LLC will issue common membership units to NCM, Inc. equal to the number of shares of NCM, Inc.’s common stock represented by such awards. Options and restricted stock vest annually over a three or five-year period and options have either 10-year or 15-year contractual terms. A forfeiture rate of 5% was estimated to reflect the potential separation of employees. Certain option and share awards provide for accelerated vesting if there is a change in control, as defined in the Equity Incentive Plan. In addition, certain restricted stock awards include performance vesting conditions, which permit vesting to the extent that the Company achieves specified non-GAAP targets at the end of the measurement period. The length of the measurement period is two to three years. Restricted stock units granted to non-employee directors vest after approximately one year.

Compensation Cost—The Company recognized $14.8 million, $7.7 million and $5.9 million for the years ended December 31, 2015, January 1, 2015 and December 26, 2013, respectively, of share-based compensation expense and $0.3 million, $0.1 million and $0.1 million was capitalized during the years ended December 31, 2015, January 1, 2015 and December 26, 2013, respectively. Share-based compensation costs are included in network operations, selling and marketing, administrative expense and administrative fee—managing member in the accompanying audited financial statements. These costs represent both non-cash charges and cash charges paid through the administrative fee with the managing member. The amount of share-based compensation costs that were non-cash were approximately $8.0 million, $4.6 million and $3.2 million for the years ended December 31, 2015, January 1, 2015 and December 26, 2013, respectively.

As of December 31, 2015, unrecognized compensation cost related to unvested options was approximately $0.0 million as stock options were fully vested as of December 31, 2015. As of December 31, 2015, unrecognized compensation cost related to restricted stock and restricted stock units was approximately $19.6 million, which will be recognized over a weighted average remaining period of 1.8 years.

Stock Options—A summary of option award activity under the Equity Incentive Plan as of December 31, 2015, and changes during the year then ended are presented below:


	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value (in millions)
Outstanding as of January 1, 2015		3,004,841		$	16.53
Granted		—			—
Exercised		(104,837	)	$	12.25
Forfeited		(192,252	)	$	17.93
Expired		—			—

Outstanding as of December 31, 2015		2,707,752		$	16.60		4.8	$	1.4

Exercisable as of December 31, 2015		2,707,752		$	16.60		4.8	$	1.4
Vested and expected to vest as of December 31, 2015		2,707,752		$	16.60		4.8	$	1.4

The Company did not grant stock options during the years ended December 31, 2015, January 1, 2015 or December 26, 2013. The fair value of each option award was estimated on the date of grant using the Black-Scholes option pricing valuation model. The intrinsic value of options exercised during the year was $0.4 million, $0.2 million and $6.1 million for the years ended December 31, 2015, January 1, 2015 and December 26, 2013, respectively. The total fair value of awards vested during the years ended December 31, 2015, January 1, 2015 and December 26, 2013 was $0.7 million, $2.2 million and $4.9 million, respectively.

Restricted Stock and Restricted Stock Units—Under the non-vested stock program, common stock of the Company may be granted at no cost to officers, independent directors and employees, subject to requisite service and/or meeting financial performance targets, and as such restrictions lapse, the award vests in that proportion. The participants are entitled to cash dividends and to vote their respective shares (in the case of restricted stock), although the sale and transfer of such shares is prohibited and the shares are subject to forfeiture during the restricted period. Additionally, the accrued cash dividends for 2013, 2014 and 2015 grants are subject to forfeiture during the restricted period should the underlying shares not vest.

The weighted average grant date fair value of non-vested stock was $14.76, $19.18 and $15.17 for the years ended December 31, 2015, January 1, 2015 and December 26, 2013, respectively. The total fair value of awards vested was $11.6 million, $3.6 million and $7.5 million during the years ended December 31, 2015, January 1, 2015 and December 26, 2013, respectively.

As of December 31, 2015, the total number of restricted stock and restricted stock units that are ultimately expected to vest, after consideration of expected forfeitures and estimated vesting of performance-based restricted stock is 2,337,754.

A summary of restricted stock award and restricted stock unit activity under the Equity Incentive Plan as of December 31, 2015, and changes during the year then ended are presented below:


	Number of Restricted Shares and Restricted Stock Units			Weighted Average Grant- Date Fair Value
Non-vested balance as of January 1, 2015		2,155,996		$	16.40
Granted		1,290,185			14.76
Vested		(274,059	)		17.98
Forfeited		(608,485	)		13.80

Non-vested balance as of December 31, 2015		2,563,637		$	16.03

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	10. EMPLOYEE BENEFIT PLANS The Company sponsors the NCM 401(k) Profit Sharing Plan (the “Plan”) under Section 401(k) of the Internal Revenue Code of 1986, as amended, for the benefit of substantially all full-time employees. The Plan provides that participants may contribute up to 20% of their compensation, subject to Internal Revenue Service limitations. Employee contributions are invested in various investment funds based upon election made by the employee. The Company made discretionary contributions of $1.3 million, $1.0 million and $1.0 million during the years ended December 31, 2015, January 1, 2015 and December 26, 2013, respectively.

Segment Reporting

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Reporting

14. SEGMENT REPORTING

Advertising revenue accounted for 100.0%, 100.0% and 92.1%, of revenue for the years ended December 31, 2015, January 1, 2015 and December 26, 2013, respectively. The following tables present revenue, less directly identifiable expenses to arrive at income before income taxes for the advertising reportable segment, the combined Fathom Events operating segments (disposed on December 26, 2013), and network, administrative and unallocated costs. Refer to Note 1—Basis of Presentation and Summary of Significant Accounting Policies.


	Year Ended December 31, 2015 (in millions)
	Advertising		Fathom Events *(1)*		Network, Administrative and Unallocated Costs			Total
Revenue	$	446.5	$	—	$	—		$	446.5
Operating costs		103.3		—		17.8			121.1
Selling and marketing costs		66.8		—		5.5			72.3
Administrative and other costs		3.5		—		35.1			38.6
Merger termination fee and related merger costs		—		—		41.8			41.8
Depreciation and amortization		—		—		32.2			32.2
Interest and other non-operating costs		—		—		52.9			52.9

Income (loss) before income taxes	$	272.9	$	—	$	(185.3	)	$	87.6


	Year Ended January 1, 2015 (in millions)
	Advertising		Fathom Events *(1)*		Network, Administrative and Unallocated Costs			Total
Revenue	$	394.0	$	—	$	—		$	394.0
Operating costs		97.0		—		18.3			115.3
Selling and marketing costs		54.8		—		2.8			57.6
Administrative and other costs		2.8		—		26.7			29.5
Depreciation and amortization		—		—		32.4			32.4
Interest and other non-operating costs		—		—		62.1			62.1

Income (loss) before income taxes	$	239.4	$	—	$	(142.3	)	$	97.1


	Year Ended December 26, 2013 (in millions)
	Advertising		Fathom Events *(1)*		Network, Administrative and Unallocated Costs			Total
Revenue	$	426.3	$	36.5	$	—		$	462.8
Operating costs		98.4		25.5		18.7			142.6
Selling and marketing costs		56.1		3.6		1.8			61.5
Administrative and other costs		2.9		0.9		26.3			30.1
Depreciation and amortization		—		—		26.6			26.6
Interest and other non-operating costs		—		—		38.4			38.4

Income (loss) before income taxes	$	268.9	$	6.5	$	(111.8	)	$	163.6

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


	Years Ended
	December 31, 2015		January 1, 2015		December 26, 2013
National advertising revenue	$	309.5	$	258.8	$	295.0
Local and regional advertising revenue		107.0		96.8		89.9
Founding member advertising revenue from beverage concessionaire agreements		30.0		38.4		41.4
Fathom Consumer revenue (1)		—		—		34.4
Fathom Business revenue (1)		—		—		2.1

Total revenue	$	446.5	$	394.0	$	462.8

(1)

Fathom Events was sold on December 26, 2013 as discussed in Note 7—Related Party Transactions.

Valuation and Qualifying Accounts [Abstract]

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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+ Details

Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2015

Valuation And Qualifying Accounts

15. VALUATION AND QUALIFYING ACCOUNTS

The Company’s valuation allowance for doubtful accounts for the years ended December 31, 2015, January 1, 2015 and December 26, 2013 were as follows (in millions):


	Years Ended
	December 31, 2015			January 1, 2015			December 26, 2013
ALLOWANCE FOR DOUBTFUL ACCOUNTS:
Balance at beginning of period	$	4.3		$	5.7		$	4.5
Provision for bad debt		1.9			(0.1	)		2.1
Write-offs, net		(0.6	)		(1.3	)		(0.9	)

Balance at end of period	$	5.6		$	4.3		$	5.7

Quarterly Financial Data

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

16. QUARTERLY FINANCIAL DATA (UNAUDITED)

The following represents selected information from the Company’s unaudited quarterly Statements of Income for the years ended December 31, 2015 and January 1, 2015 (in millions):


2015	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	76.9		$	121.5	$	111.7	$	136.4
Operating expenses		101.1			66.1		63.9		74.9
Operating (loss) income		(24.2	)		55.4		47.8		61.5
Net (loss) income		(38.7	)		42.4		34.8		49.0


2014	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	70.2		$	99.9	$	100.8	$	123.1
Operating expenses		57.4			57.9		58.1		61.4
Operating income		12.8			42.0		42.7		61.7
Net (loss) income		(2.8	)		26.4		27.0		45.7

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

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Significant Accounting Policies

Basis of Presentation

Basis of Presentation

Estimates

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

Significant Accounting Policies

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 with respect to national and regional advertising is reduced by transacting with founding members or large, national advertising agencies who have strong reputations in the advertising industry and clients with stable financial positions. The Company has smaller contracts with thousands of local clients that are not individually significant. As of December 31, 2015 and January 1, 2015, there were no advertising agency groups or individual customers through which the Company sources national advertising revenue representing more than 10% of the Company’s outstanding gross receivable balance. During the years ended December 31, 2015, January 1, 2015 and December 26, 2013, there were no customers that accounted for more than 10% of revenue.

Receivables consisted of the following (in millions):


	As of
	December 31, 2015			January 1, 2015
Trade accounts	$	153.6		$	119.4
Other		0.9			1.4
Less: Allowance for doubtful accounts		(5.6	)		(4.3	)

Total	$	148.9		$	116.5

Share-Based Compensation

Recently Adopted Accounting Pronouncements

Recently Adopted Accounting Pronouncements

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

Recent Accounting Pronouncements

Accounting Period


Fiscal Year Ended		Reference in this Document
December 31, 2015		2015
January 1, 2015		2014
December 26, 2013		2013

Cash And Cash Equivalents

Restricted Cash

Long-Lived Assets


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

Intangible Assets

Amounts Due To/From Founding Members

Amounts Due To Managing Member

Income Taxes

Debt Issuance Costs

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


	Years Ended
	December 31, 2015			January 1, 2015			December 26, 2013
Beginning balance	$	15.5		$	17.7		$	18.3
Debt issuance payments		—			0.6			3.4
Amortization of debt issuance costs		(2.6	)		(2.8	)		(2.8	)
Write-off of debt issuance costs		—			—			(1.2	)

Ending balance	$	12.9		$	15.5		$	17.7

Other Investment

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


	As of
	December 31, 2015		January 1, 2015
Investment in AC JV, LLC (1)	$	1.2	$	1.3
Other investments (2)		4.2		1.2

Total	$	5.4	$	2.5

(1)

Refer to Note 7—Related Party Transactions.

(2)

Fair Value Measurements

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

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

Derivative Instruments

Related-Party Transactions (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Schedule Of Related Party Transactions

The following tables provide summaries of the transactions between the Company and the founding members (in millions):


	Three Months Ended				Six Months Ended
Included in the Condensed Statements of Income:	June 30, 2016		July 2, 2015		June 30, 2016		July 2, 2015
Revenue:
Beverage concessionaire revenue (included in advertising revenue) (1)	$	7.1	$	9.0	$	14.3	$	16.6
Advertising inventory revenue (included in advertising revenue) (2)		0.1		—		0.2		0.1
Operating expenses:
Theatre access fee (3)		18.9		19.2		37.6		36.4
Purchase of movie tickets and concession products and rental of theatre space (included in selling and marketing costs) (4)		0.5		0.3		0.8		0.5
Purchase of movie tickets and concession products and rental of theatre space (included in other administrative costs)		0.1		0.1		0.1		0.1
Administrative fee—managing member (5)		3.8		3.6		12.8		6.8
Non-operating expenses:
Interest income from notes receivable (included in interest income) (6)		0.2		0.2		0.4		0.5

(1)

(2)

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

(3)

(4)

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

(5)

(6)


	As of
Included in the Condensed Balance Sheets:	June 30, 2016		December 31, 2015
Current portion of notes receivable—founding members (1)		4.2		4.2
Long-term portion of notes receivable—founding members (1)		12.5		12.5
Interest receivable on notes receivable (included in other current assets) (1)		0.4		—
Prepaid administrative fees to managing member (2)		0.7		0.7
Common unit adjustments and integration payments, net of amortization (included in intangible assets) (3)		544.0		535.9

(1)

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

(2)

(3)

Refer to Note 2—Intangible Assets for further information on common unit adjustments and integration payments.

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


	Years Ended
Included in the Statements of Income:	December 31, 2015		January 1, 2015		December 26, 2013
Revenue:
Beverage concessionaire revenue (included in advertising revenue) (1)	$	30.0	$	38.4	$	41.4
Advertising inventory revenue (included in advertising revenue) (2)		0.2		0.3		0.2
Operating expenses:
Theatre access fee (3)		72.5		70.6		69.4
Revenue share from Fathom Events (included in Fathom Events operating costs) (4)		—		—		5.1
Purchase of movie tickets and concession products and rental of theatre space (included in Fathom Events operating costs) (5)		—		—		0.2
Purchase of movie tickets and concession products and rental of theatre space (included in selling and marketing costs) (6)		1.2		0.9		1.4
Purchase of movie tickets and concession products (included in advertising operating costs) (6)		—		—		0.2
Purchase of movie tickets and concession products and rental of theatre space (included in other administrative and other costs)		0.1		0.1
Administrative fee—managing member (7)		17.2		10.2		10.0
Non-operating expenses:
Gain on sale of Fathom Events (8)		—		—		25.4
Interest income from notes receivable (included in interest income) (8)		1.0		1.2		—

(1)

(2)

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

(3)

(4)

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

(5)

Prior to the sale of Fathom Events on December 26, 2013, these were used primarily for marketing resale to Fathom Events customers.

(6)

Used primarily for marketing to the Company’s advertising clients.

(7)

(8)

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


	As of
Included in the Balance Sheets:	December 31, 2015		January 1, 2015
Current portion of note receivable—founding members (1)	$	4.2	$	4.2
Long-term portion of note receivable—founding members (1)		12.5		16.6
Prepaid administrative fees to managing member (2)		0.7		0.7
Common unit adjustments and integration payments, net of amortization (included in intangible assets)		535.9		458.3

(1)

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

(2)

Schedule Of Mandatory Distributions To Members

Mandatory distributions of available cash for the three and six months ended June 30, 2016 and July 2, 2015 were as follows (in millions):


	Three Months Ended				Six Months Ended
	June 30, 2016		July 2, 2015		June 30, 2016		July 2, 2015
AMC	$	3.2	$	6.9	$	3.5	$	6.9
Cinemark		2.8		9.0		3.2		9.0
Regal		2.8		9.2		3.2		9.2

Total founding members		8.8		25.1		9.9		25.1
NCM, Inc.		6.1		20.7		7.0		20.7

Total	$	14.9	$	45.8	$	16.9	$	45.8

Mandatory distributions for the years ended December 31, 2015, January 1, 2015 and December 26, 2013 are as follows (in millions):


	Years Ended
	December 31, 2015		January 1, 2015		December 26, 2013
AMC	$	23.8	$	21.9	$	29.8
Cinemark		28.7		28.0		36.9
Regal		29.6		29.5		37.1
Total founding members		82.1		79.4		103.8

NCM, Inc.		66.4		67.0		89.6

Total	$	148.5	$	146.4	$	193.4

Schedule Of Amounts Due To Founding Members

Amounts due to founding members as of June 30, 2016 were comprised of the following (in millions):


	AMC			Cinemark			Regal		Total
Theatre access fees, net of beverage revenues	$	1.9		$	1.0		$	1.5	$	4.4
Cost and other reimbursement		(0.5	)		(0.3	)		—		(0.8	)
Distributions payable to founding members		3.2			2.8			2.8		8.8

Total amounts due to founding members	$	4.6		$	3.5		$	4.3	$	12.4

Amounts due to founding members as of December 31, 2015 were comprised of the following (in millions):


	AMC			Cinemark			Regal		Total
Theatre access fees, net of beverage revenues	$	1.8		$	1.0		$	1.5	$	4.3
Cost and other reimbursement		(0.9	)		(0.3	)		—		(1.2	)
Distributions payable to founding members		10.2			10.9			11.3		32.4

Total amounts due to founding members	$	11.1		$	11.6		$	12.8	$	35.5

Amounts due to founding members as of December 31, 2015 were comprised of the following (in millions):


	AMC			Cinemark			Regal		Total
Theatre access fees, net of beverage revenues	$	1.8		$	1.0		$	1.5	$	4.3
Cost and other reimbursement		(0.9	)		(0.3	)		—		(1.2	)
Distributions payable to founding members		10.2			10.9			11.3		32.4

Total	$	11.1		$	11.6		$	12.8	$	35.5

Amounts due to founding members as of January 1, 2015 were comprised of the following (in millions):


	AMC			Cinemark			Regal		Total
Theatre access fees, net of beverage revenues	$	0.8		$	0.8		$	1.2	$	2.8
Cost and other reimbursement		(0.6	)		(0.2	)		—		(0.8	)
Distributions payable to founding members		9.1			11.6			12.2		32.9

Total	$	9.3		$	12.2		$	13.4	$	34.9

Schedule Of Amounts Due To/From Managing Member

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


	As of
	June 30, 2016			December 31, 2015
Distributions payable to managing member	$	6.1		$	25.2
Cost and other reimbursement		(6.9	)		(2.3	)

Total amounts due (from) to managing member	$	(0.8	)	$	22.9

Schedule Of Amounts Due To/From Managing Member

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


	As of December 31, 2015			As of January 1, 2015
Distributions payable	$	25.2		$	27.7
Cost and other reimbursement		(2.3	)		(4.1	)

Total	$	22.9		$	23.6

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

Schedule Of Related Party Transactions

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


	Years Ended
Included in the Statements of Income:	December 31, 2015		January 1, 2015		December 26, 2013
Transition services (included in network costs) (1)	$	0.1	$	0.2	$	—
Equity in earnings of non-consolidated entities (included in other non-operating expense)		0.1		0.2		—

(1)

Borrowings (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule Of Outstanding Debt

The following table summarizes the Company’s total outstanding debt as of June 30, 2016 and December 31, 2015 and the significant terms of its borrowing arrangements (in millions):


	Outstanding Balance as of
Borrowings	June 30, 2016			December 31, 2015			Maturity Date		Interest Rate
Revolving Credit Facility	$	72.0		$	66.0			November 26, 2019		(1)
Term Loans		270.0			270.0			November 26, 2019		(1)
Senior Unsecured Notes		200.0			200.0			July 15, 2021		7.875%
Senior Secured Notes		400.0			400.0			April 15, 2022		6.000%

Total borrowings		942.0			936.0
Less: debt issuance costs related to term loans and senior notes		(9.6	)		(10.6	)

Carrying value of long-term debt	$	932.4		$	925.4

(1)

The interest rates on the revolving credit facility and term loans are described below.

The following table summarizes the Company’s total outstanding debt as of December 31, 2015 and January 1, 2015 and the significant terms of its borrowing arrangements:


	Outstanding Balance as of
Borrowings ($ in millions)	December 31, 2015		January 1, 2015		Maturity Date		Interest Rate
Revolving Credit Facility	$	66.0	$	22.0		November 26, 2019		(1)
Term Loans		270.0		270.0		November 26, 2019		(1)
Senior Unsecured Notes		200.0		200.0		July 15, 2021		7.875%
Senior Secured Notes		400.0		400.0		April 15, 2022		6.000%

Total	$	936.0	$	892.0

(1)

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

Schedule Of Annual Maturities On Credit Facility And Senior Notes


Year	Amount
2016	$	—
2017		—
2018		—
2019		336.0
2020		—
Thereafter		600.0

Total	$	936.0

Fair Value Measurements (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Schedule Of Other Investments

Other investments consisted of the following (in millions):


	As of
	June 30, 2016		December 31, 2015
Investment in AC JV, LLC (1)	$	1.2	$	1.2
Other investments (2)		5.6		4.2

Total	$	6.8	$	5.4

(1)

Refer to Note 3—Related Party Transactions.

(2)

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


	As of
	December 31, 2015		January 1, 2015
Investment in AC JV, LLC (1)	$	1.2	$	1.3
Other investments (2)		4.2		1.2

Total	$	5.4	$	2.5

(1)

Refer to Note 7—Related Party Transactions.

(2)

Estimated Fair Values Of Company's Financial Instruments

The estimated fair values of the Company’s financial instruments where carrying values do not approximate fair value were as follows (in millions):


	As of June 30, 2016				As of December 31, 2015
	Carrying Value		Fair Value *(1)*		Carrying Value		Fair Value *(1)*
Term Loans	$	270.0	$	269.6	$	270.0	$	269.3
Senior Unsecured Notes		200.0		208.5		200.0		208.4
Senior Secured Notes		400.0		416.0		400.0		414.5

(1)

The estimated fair values of the Company’s financial instruments where carrying values do not approximate fair value are as follows (in millions):


	As of December 31, 2015				As of January 1, 2015
	Carrying Value		Fair Value *(1)*		Carrying Value		Fair Value *(1)*
Term Loans	$	270.0	$	269.3	$	270.0	$	257.9
Senior Unsecured Notes		200.0		208.4		200.0		210.8
Senior Secured Notes		400.0		414.5		400.0		400.8

(1)

Derivative Instruments And Hedging Activities (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Changes In AOCI By Component

The changes in AOCI by component for the six months ended June 30, 2016 and July 2, 2015 were as follows (in millions):


	Six Months Ended
	June 30, 2016		July 2, 2015			Income Statement Location
Balance at beginning of period	$	—	$	(1.6	)
Amounts reclassified from AOCI:
Amortization on discontinued cash flow hedges		—		1.6			Amortization of terminated derivatives

Total amounts reclassified from AOCI		—		1.6

Net other comprehensive income		—		1.6

Balance at end of period	$	—	$	—


	Year Ended
	December 31, 2015			January 1, 2015			December 26, 2013			Income Statement Location
Balance at beginning of period	$	(1.6	)	$	(11.6	)	$	(21.9	)
Amounts reclassified from AOCI:
Amortization on discontinued cash flow hedges		1.6			10.0			10.3			Amortization of terminated derivatives

Total amounts reclassified from AOCI		1.6			10.0			10.3

Net other comprehensive income		1.6			10.0			10.3

Balance at end of period	$	—		$	(1.6	)	$	(11.6	)

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

12 Months Ended

Dec. 31, 2015

Schedule of Fiscal Year Ends

Fiscal years 2014 and 2013 contained 53 and 52 weeks, respectively. Throughout this document, the fiscal years are referred to as set forth below:


Fiscal Year Ended		Reference in this Document
December 31, 2015		2015
January 1, 2015		2014
December 26, 2013		2013

Schedule Of Receivables

Receivables consisted of the following (in millions):


	As of
	December 31, 2015			January 1, 2015
Trade accounts	$	153.6		$	119.4
Other		0.9			1.4
Less: Allowance for doubtful accounts		(5.6	)		(4.3	)

Total	$	148.9		$	116.5

Schedule Of Useful Lives

The Company records depreciation and amortization using the straight-line method over the following estimated useful lives:


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

Changes In Debt Issuance Costs

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


	Years Ended
	December 31, 2015			January 1, 2015			December 26, 2013
Beginning balance	$	15.5		$	17.7		$	18.3
Debt issuance payments		—			0.6			3.4
Amortization of debt issuance costs		(2.6	)		(2.8	)		(2.8	)
Write-off of debt issuance costs		—			—			(1.2	)

Ending balance	$	12.9		$	15.5		$	17.7

Divestiture (Tables)

12 Months Ended

Dec. 31, 2015

Related Party [Member]

Schedule Of Future Minimum Payments For Notes Receivable

Future minimum principal payments under the notes receivable as of December 31, 2015 are approximately as follows (in millions):


Year	Minimum Principal Payments
2016	$	4.2
2017		4.2
2018		4.2
2019		4.1
2020		—

Total	$	16.7

Property And Equipment (Tables)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Summary Of Property And Equipment

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


	As of
	December 31, 2015			January 1, 2015
Equipment, computer hardware and software	$	77.1		$	89.4
Leasehold improvements		3.4			3.6
Less: Accumulated depreciation		(64.1	)		(72.9	)

Subtotal		16.4			20.1
Construction in progress		8.7			2.3

Total property and equipment	$	25.1		$	22.4

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Summary Of Intangible Assets

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


	As of January 1, 2015			Additions *(1)*		Amortization			Integration Payments *(3)*			As of December 31, 2015
Gross carrying amount	$	557.9		$	103.4	$	—		$	(2.7	)	$	658.6
Accumulated amortization		(69.3	)		—		(22.6	)		—			(91.9	)

Total intangible assets, net	$	488.6		$	103.4	$	(22.6	)	$	(2.7	)	$	566.7


	As of December 26, 2013			Additions *(2)*		Amortization			Integration Payments *(3)*			As of January 1, 2015
Gross carrying amount	$	540.7		$	19.4	$	—		$	(2.2	)	$	557.9
Accumulated amortization		(48.7	)		—		(20.6	)		—			(69.3	)

Total intangible assets, net	$	492.0		$	19.4	$	(20.6	)	$	(2.2	)	$	488.6

(1)

During 2015, the Company purchased intangible assets for $2.7 million associated with network affiliate agreements.

(2)

During 2014, the Company purchased intangible assets for $3.0 million associated with network affiliate agreements.

(3)

Summary Of Estimated Aggregate Amortization Expense

The estimated aggregate amortization expense for each of the five succeeding years is as follows (in millions):


Year	Amortization
2016	$	24.6
2017	$	24.6
2018	$	25.0
2019	$	26.8
2020	$	26.7

Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2015

Payables and Accruals [Abstract]

Schedule Of Accrued Expenses

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


	As of December 31, 2015		As of January 1, 2015
Make-good reserve	$	3.4	$	2.0
Accrued interest		12.5		12.6
Deferred rent		2.1		2.4
Other accrued expenses		0.9		2.0

Total accrued expenses	$	18.9	$	19.0

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary Of Equity Incentive Plan Activity

Stock Options—A summary of option award activity under the Equity Incentive Plan as of December 31, 2015, and changes during the year then ended are presented below:


	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value (in millions)
Outstanding as of January 1, 2015		3,004,841		$	16.53
Granted		—			—
Exercised		(104,837	)	$	12.25
Forfeited		(192,252	)	$	17.93
Expired		—			—

Outstanding as of December 31, 2015		2,707,752		$	16.60		4.8	$	1.4

Exercisable as of December 31, 2015		2,707,752		$	16.60		4.8	$	1.4
Vested and expected to vest as of December 31, 2015		2,707,752		$	16.60		4.8	$	1.4

Summary Of Restricted Stock Awards And Restricted Stock Units

A summary of restricted stock award and restricted stock unit activity under the Equity Incentive Plan as of December 31, 2015, and changes during the year then ended are presented below:


	Number of Restricted Shares and Restricted Stock Units			Weighted Average Grant- Date Fair Value
Non-vested balance as of January 1, 2015		2,155,996		$	16.40
Granted		1,290,185			14.76
Vested		(274,059	)		17.98
Forfeited		(608,485	)		13.80

Non-vested balance as of December 31, 2015		2,563,637		$	16.03

Commitments And Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Minimum Lease Payments Under Noncancelable Operating Leases

Future minimum lease payments under noncancelable operating leases as of December 31, 2015 are as follows (in millions):


Year	Minimum Lease Payments
2016	$	2.7
2017		2.1
2018		1.8
2019		1.8
2020		1.7
Thereafter		1.0

Total	$	11.1

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Schedule Of Segment Operating Income

The following tables present revenue, less directly identifiable expenses to arrive at income before income taxes for the advertising reportable segment, the combined Fathom Events operating segments (disposed on December 26, 2013), and network, administrative and unallocated costs. Refer to Note 1—Basis of Presentation and Summary of Significant Accounting Policies.


	Year Ended December 31, 2015 (in millions)
	Advertising		Fathom Events *(1)*		Network, Administrative and Unallocated Costs			Total
Revenue	$	446.5	$	—	$	—		$	446.5
Operating costs		103.3		—		17.8			121.1
Selling and marketing costs		66.8		—		5.5			72.3
Administrative and other costs		3.5		—		35.1			38.6
Merger termination fee and related merger costs		—		—		41.8			41.8
Depreciation and amortization		—		—		32.2			32.2
Interest and other non-operating costs		—		—		52.9			52.9

Income (loss) before income taxes	$	272.9	$	—	$	(185.3	)	$	87.6


	Year Ended January 1, 2015 (in millions)
	Advertising		Fathom Events *(1)*		Network, Administrative and Unallocated Costs			Total
Revenue	$	394.0	$	—	$	—		$	394.0
Operating costs		97.0		—		18.3			115.3
Selling and marketing costs		54.8		—		2.8			57.6
Administrative and other costs		2.8		—		26.7			29.5
Depreciation and amortization		—		—		32.4			32.4
Interest and other non-operating costs		—		—		62.1			62.1

Income (loss) before income taxes	$	239.4	$	—	$	(142.3	)	$	97.1


	Year Ended December 26, 2013 (in millions)
	Advertising		Fathom Events *(1)*		Network, Administrative and Unallocated Costs			Total
Revenue	$	426.3	$	36.5	$	—		$	462.8
Operating costs		98.4		25.5		18.7			142.6
Selling and marketing costs		56.1		3.6		1.8			61.5
Administrative and other costs		2.9		0.9		26.3			30.1
Depreciation and amortization		—		—		26.6			26.6
Interest and other non-operating costs		—		—		38.4			38.4

Income (loss) before income taxes	$	268.9	$	6.5	$	(111.8	)	$	163.6

Summary Of Revenue By Category

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


	Years Ended
	December 31, 2015		January 1, 2015		December 26, 2013
National advertising revenue	$	309.5	$	258.8	$	295.0
Local and regional advertising revenue		107.0		96.8		89.9
Founding member advertising revenue from beverage concessionaire agreements		30.0		38.4		41.4
Fathom Consumer revenue (1)		—		—		34.4
Fathom Business revenue (1)		—		—		2.1

Total revenue	$	446.5	$	394.0	$	462.8

(1)

Fathom Events was sold on December 26, 2013 as discussed in Note 7—Related Party Transactions.

Valuation And Qualifying Accounts (Tables)

12 Months Ended

Dec. 31, 2015

Valuation and Qualifying Accounts [Abstract]

Schedule Of Valuation And Qualifying Accounts

The Company’s valuation allowance for doubtful accounts for the years ended December 31, 2015, January 1, 2015 and December 26, 2013 were as follows (in millions):


	Years Ended
	December 31, 2015			January 1, 2015			December 26, 2013
ALLOWANCE FOR DOUBTFUL ACCOUNTS:
Balance at beginning of period	$	4.3		$	5.7		$	4.5
Provision for bad debt		1.9			(0.1	)		2.1
Write-offs, net		(0.6	)		(1.3	)		(0.9	)

Balance at end of period	$	5.6		$	4.3		$	5.7

Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Schedule Of Quarterly Financial Data

The following represents selected information from the Company’s unaudited quarterly Statements of Income for the years ended December 31, 2015 and January 1, 2015 (in millions):


2015	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	76.9		$	121.5	$	111.7	$	136.4
Operating expenses		101.1			66.1		63.9		74.9
Operating (loss) income		(24.2	)		55.4		47.8		61.5
Net (loss) income		(38.7	)		42.4		34.8		49.0


2014	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	70.2		$	99.9	$	100.8	$	123.1
Operating expenses		57.4			57.9		58.1		61.4
Operating income		12.8			42.0		42.7		61.7
Net (loss) income		(2.8	)		26.4		27.0		45.7

Basis Of Presentation And Summary Of Significant Accounting Policies (Narrative) (Detail) $ in Millions		3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 17, 2015 USD ($)	Jun. 30, 2016 USD ($) Item Customer shares	Jul. 02, 2015 USD ($) Customer shares	Jun. 30, 2016 USD ($) Item Customer Segment shares	Jul. 02, 2015 USD ($) Customer shares	Dec. 31, 2015 USD ($) Item Customer shares	Jan. 01, 2015 USD ($) Item Customer	Dec. 26, 2013 USD ($) Customer	Dec. 27, 2012 USD ($)
Accounting Policies [Line Items]
Long-term exhibitor services agreements remaining maturity				21 years
Common membership units outstanding \| shares		137,156,732		137,156,732		135,142,972
Membership units exchangeable into common stock ratio				100.00%		100.00%
Payments for merger-related costs					$ 15.0	$ 15.0
Merger termination fee and related merger costs			$ 0.9		$ 41.8	41.8
Number of reported segment \| Segment				1
Number of shares acquired due to vesting and exercise of options \| shares		15,922	67,993	597,245	261,112
Unit settlement for share-based compensation		$ 0.0	$ 0.7	$ 0.3	$ 1.1	1.3	$ 0.8	$ 20.3
Advertising revenue		115.4	$ 121.5	191.6	$ 198.4	446.5	394.0	426.3
Revenue from barter transactions						2.0	1.3	1.9
Expenses from barter transactions						2.5	1.2	2.9
Restricted cash						0.3	0.3
Net book value		27.6		27.6		25.1	22.4
Depreciation expense						9.6	11.1	10.4
Research and development expense						1.5	1.7	1.8
Loss on write-off of property, plant and equipment						0.4	0.4	0.0
Net deferred financing costs		9.6		9.6		10.6	15.5	17.7	$ 18.3
Impairment of investment		$ 0.7		$ 0.7		0.0	0.0	0.8
Fair value of cost method investment						0.0
Accounting Standards Update 2015-26 and 2015-15 [Member]
Accounting Policies [Line Items]
Decrease in long-term debt due to reclassification of asset						10.6
Term Loans, Senior Secured Notes and Senior Unsecured Notes [Member]
Accounting Policies [Line Items]
Net deferred financing costs						10.7
Software And Development Costs [Member]
Accounting Policies [Line Items]
Net book value						7.4	9.5
Depreciation expense						$ 5.0	$ 6.5	$ 6.1
Accounts Receivable [Member] \| Credit Concentration Risk [Member]
Accounting Policies [Line Items]
Number of advertising agency groups contributing to more than 10% of outstanding gross receivable balance \| Item		0		0		0	0
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member]
Accounting Policies [Line Items]
Number of customers contributing to more than 10% of revenue \| Customer		0	0	0	0	0	0	0
Advertising Barter Transactions [Member]
Accounting Policies [Line Items]
Advertising revenue						$ 3.1	$ 1.2	$ 0.0
Screenvision, LLC [Member]
Accounting Policies [Line Items]
Merger termination payment	$ 26.8
Reverse termination fee, amount of lower payment	$ 2.0
Scenario, Previously Reported [Member]
Accounting Policies [Line Items]
Net deferred financing costs						$ 12.9
AC JV, LLC [Member]
Accounting Policies [Line Items]
Ownership percentage								4.00%
NCM Inc. [Member]
Accounting Policies [Line Items]
Common membership units outstanding \| shares		59,836,399		59,836,399		59,239,154
Percentage of common membership units outstanding				43.60%		43.80%
NCM Inc. [Member] \| Screenvision, LLC [Member]
Accounting Policies [Line Items]
Merger termination fee and related merger costs					$ 7.5	$ 7.5	$ 7.5
Regal [Member]
Accounting Policies [Line Items]
Common membership units outstanding \| shares		27,072,701		27,072,701		26,409,784
Percentage of common membership units outstanding				19.80%		19.50%
Regal [Member] \| AC JV, LLC [Member]
Accounting Policies [Line Items]
Ownership percentage								32.00%
Cinemark [Member]
Accounting Policies [Line Items]
Common membership units outstanding \| shares		26,384,644		26,384,644		25,631,046
Percentage of common membership units outstanding				19.20%		19.00%
Cinemark [Member] \| AC JV, LLC [Member]
Accounting Policies [Line Items]
Ownership percentage								32.00%
AMC [Member]
Accounting Policies [Line Items]
Common membership units outstanding \| shares		23,862,988		23,862,988		23,862,988
Percentage of common membership units outstanding				17.40%		17.70%
AMC [Member] \| AC JV, LLC [Member]
Accounting Policies [Line Items]
Ownership percentage								32.00%
NCM, LLC. [Member] \| AC JV, LLC [Member]
Accounting Policies [Line Items]
Ownership percentage								4.00%
Minimum [Member]
Accounting Policies [Line Items]
Range of terms, in years				3 years		3 years
Minimum [Member] \| Software And Development Costs [Member]
Accounting Policies [Line Items]
Estimated useful life						3 years
Maximum [Member]
Accounting Policies [Line Items]
Range of terms, in years				20 years		20 years
Maximum [Member] \| Software And Development Costs [Member]
Accounting Policies [Line Items]
Estimated useful life						5 years

Intangible Assets (Narrative) (Detail) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2016

Mar. 31, 2016

Jul. 02, 2015

Apr. 02, 2015

Jun. 30, 2016

Jul. 02, 2015

Dec. 31, 2015

Jan. 01, 2015

Dec. 26, 2013

Intangible assets, net of accumulated depreciation

$ 574.8

$ 566.7

$ 488.6

$ 492.0

Amortization expense

$ 22.6

$ 20.6

$ 16.2

NCM, LLC. [Member]

Common membership units issued

1,416,515

2,160,915

Minimum [Member] | NCM, LLC. [Member]

$ 21.1

$ 31.4

Percentage increase (decrease) in theatre attendance for Common Unit adjustment to occur

(2.00%)

Maximum [Member] | NCM, LLC. [Member]

Percentage increase (decrease) in theatre attendance for Common Unit adjustment to occur

2.00%

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

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

0.7

$ 0.8

1.1

0.1

$ 0.3

1.0

$ 1.1

Weighted average remaining life

21 years 2 months 12 days

22 years 2 months 12 days

Network Affiliates [Member]

Intangible assets, net of accumulated depreciation

$ 30.8

$ 30.3

Weighted average remaining life

13 years 10 months 24 days

14 years 10 months 24 days

Common Unit Adjustments And Integration Payments [Member]

Intangible assets, net of accumulated depreciation

$ 544.0

^[1]

$ 544.0

^[1]

$ 535.9

^[1]

$ 458.3

[1]	Refer to Note 2-Intangible Assets for further information on common unit adjustments and integration payments.

Related-Party Transactions (Narrative) (Detail) - USD ($)

3 Months Ended

6 Months Ended

12 Months Ended

Mar. 17, 2015

Jun. 30, 2016

Dec. 31, 2015

Jul. 02, 2015

Apr. 02, 2015

Sep. 26, 2013

Jun. 30, 2016

Dec. 31, 2015

Jul. 02, 2015

Jun. 30, 2015

Dec. 31, 2015

Jan. 01, 2015

Dec. 26, 2013

On-screen advertising time to satisfy agreement obligations, in seconds

30 seconds

Payments for merger-related costs

$ 15,000,000

Merger termination fee and related merger costs

$ 900,000

41,800,000

Cash receivable declared

$ 25,500,000

$ 14,900,000

45,800,000

$ 16,900,000

45,800,000

148,500,000

$ 146,400,000

$ 193,400,000

Equity in earnings of non-consolidated entities (included in other non-operating expense)

$ 1,200,000

^[1]

$ 1,200,000

^[1]

1,200,000

^[1]

1,300,000

^[1]

$ 1,100,000

100,000

200,000

Cash payments to members

Cash distributions received from non-consolidated entities

$ 200,000

Minimum [Member]

On-screen advertising time to satisfy agreement obligations, in seconds

30 seconds

Maximum [Member]

On-screen advertising time to satisfy agreement obligations, in seconds

60 seconds

Screenvision, LLC [Member]

Merger termination payment

$ 26,800,000

Reverse termination fee, amount of lower payment

$ 2,000,000

Equity in earnings of non-consolidated entities (included in other non-operating expense)

1,200,000

^[2]

1,200,000

^[2]

$ 1,200,000

^[2]

1,200,000

^[2]

$ 1,200,000

^[2]

1,300,000

100,000

$ 0

Cash distributions received from non-consolidated entities

4.00%

200,000

NCM Inc. [Member]

Cash receivable declared

11,500,000

NCM Inc. [Member] | Screenvision, LLC [Member]

Merger termination fee and related merger costs

7,500,000

Cash receivable declared

$ 14,000,000

Cash payment due to founding members/managing member

8,800,000

25,100,000

9,900,000

25,100,000

82,100,000

79,400,000

$ 103,800,000

32,300,000

Managing Member [Member]

6,100,000

$ 25,200,000

Regal [Member]

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

2,800,000

9,200,000

3,200,000

9,200,000

29,600,000

29,500,000

$ 37,100,000

2,300,000

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

32.00%

Cinemark [Member]

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

2,800,000

9,000,000

3,200,000

9,000,000

28,700,000

28,000,000

$ 36,900,000

32.00%

AMC [Member]

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

3,200,000

6,900,000

3,500,000

6,900,000

23,800,000

21,900,000

$ 29,800,000

200,000

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

Advertising operating costs, related party affiliates

32.00%

LA Live [Member]

100,000

200,000

$ 200,000

Accounts payable, related party affiliates

100,000

$ 100,000

100,000

Interactive Media Company [Member]

Accounts receivable

300,000

Related party revenue

300,000

600,000

AEG Live [Member]

Accounts receivable

400,000

$ 400,000

400,000

$ 400,000

400,000

Related party revenue

$ 400,000

$ 500,000

$ 800,000

$ 900,000

$ 1,600,000

$ 700,000

$ 200,000

[1]	Refer to Note 7-Related Party Transactions.
[2]	Refer to Note 3-Related Party Transactions.

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

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2016

Jul. 02, 2015

Jun. 30, 2016

Dec. 31, 2015

Jul. 02, 2015

Dec. 31, 2015

Jan. 01, 2015

Dec. 26, 2013

Advertising revenue

$ 115.4

$ 121.5

$ 191.6

$ 198.4

$ 446.5

$ 394.0

$ 426.3

Theatre access fee

18.9

19.2

37.6

36.4

72.5

70.6

69.4

Selling and marketing costs

19.1

17.0

37.7

33.0

72.3

57.6

61.5

Administrative and other costs

5.6

4.7

11.5

10.2

21.4

19.3

20.1

Administrative fee-managing member

3.8

^[1]

$ 3.6

^[1]

$ 12.8

^[1]

$ 6.8

^[1]

$ 17.2

^[2]

$ 10.2

^[2]

10.0

^[2]

On-screen advertising time purchased, in seconds

60 seconds

On-screen advertising time to satisfy agreement obligations, in seconds

30 seconds

25.0

5.00%

Advertising operating costs

25.5

8.3

$ 8.3

$ 13.3

$ 14.1

$ 30.8

$ 26.4

29.0

Gain on sale of Fathom Events

^[3]

$ 25.4

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

4.00%

Maximum [Member]

90 seconds

On-screen advertising time to satisfy agreement obligations, in seconds

60 seconds

Interest income from notes receivable (included in interest income)

Theatre access fee

18.9

^[4]

19.2

^[4]

$ 37.6

^[4]

36.4

^[4]

$ 72.5

^[5]

70.6

^[5]

$ 69.4

^[5]

0.2

0.4

0.5

1.0

^[3]

1.2

^[3]

Founding Members [Member] | AC JV, LLC [Member]

16.7

$ 16.7

8.3

$ 25.0

Notes receivable payment term

5.00%

Interest and principal payments are due annually in six equal installments commencing on the first anniversary of the closing.

One Founding Member [Member]

On-screen advertising time purchased, in seconds

30 seconds

Two Founding Members [Member]

On-screen advertising time purchased, in seconds

60 seconds

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

32.00%

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

$ 8.3

32.00%

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

$ 8.3

32.00%

Beverage Concessionaire [Member]

$ 8.3

Advertising revenue

7.1

^[6]

9.0

^[6]

$ 14.3

^[6]

16.6

^[6]

$ 30.0

^[7]

38.4

^[7]

41.4

^[7]

Advertising Inventory [Member]

Advertising revenue

0.1

^[8]

0.2

^[8]

0.1

^[8]

0.2

^[9]

0.3

^[9]

0.2

^[9]

Purchase Of Movie Tickets And Concession Products And Rental Of Theatre Space [Member]

Selling and marketing costs

0.5

^[10]

0.3

^[10]

0.8

^[10]

0.5

^[10]

1.2

^[11]

0.9

^[11]

1.4

^[11]

Administrative and other costs

$ 0.1

^[12]

$ 0.1

^[12]

$ 0.1

^[12]

$ 0.1

^[12]

$ 0.1

Advertising operating costs

^[13]

0.2

^[11]

0.2

Revenue Share From Fathom Events [Member]

Current portion of notes receivable - founding members

^[14]

$ 5.1

[1]	On December 26, 2013, NCM LLC sold its Fathom Events business to a newly formed limited liability company (AC JV, LLC) owned 32% by each of the founding members and 4% by NCM LLC. In consideration for the sale, NCM LLC received a total of $25.0 million in promissory notes from its founding members (one-third or approximately $8.3 million from each founding member). The notes bear interest at a fixed rate of 5.0% per annum, compounded annually. Interest and principal payments are due annually in six equal installments commencing on the first anniversary of the closing.
[2]	Pursuant to the Management Services Agreement between NCM, Inc. and NCM LLC, NCM, Inc. provides certain specific management services to NCM LLC, including the services of the President and Chief Executive Officer, President of Sales and Marketing, Interim Co-Chief Financial Officers, Executive Vice President and Chief Operations Officer and Chief Technology Officer and Executive Vice President and General Counsel. In exchange for these services, NCM LLC reimburses NCM, Inc. for compensation paid to the officers (including share based compensation) and other expenses of the officers and for certain out-of-pocket costs.
[3]	Refer to discussion of Fathom sale in Note 2-Divestiture.
[4]	Comprised of payments per theatre attendee and payments per digital screen with respect to the founding member theatres included in the Company's network, including payments for access to higher quality digital cinema equipment.
[5]	Comprised of payments per theatre attendee, payments per digital screen with respect to the founding member theatres included in the Company's network and payments for access to higher quality digital cinema equipment.
[6]	For the six months ended June 30, 2016, two of the founding members purchased 60 seconds of on-screen advertising time and one founding member purchased 30 seconds (with all three founding members having a right to purchase up to 90 seconds) from NCM LLC to satisfy their obligations under their beverage concessionaire agreements at a 30 second equivalent cost per thousand ("CPM") rate specified by the ESA. For the three and six months ended July 2, 2015 all the founding members purchased 60 seconds of on-screen advertising time.
[7]	For the six months ended December 31, 2015, two of the founding members purchased 60 seconds of on-screen advertising time and one founding member purchased 30 seconds (with all three founding members having a right to purchase up to 90 seconds) from the Company to satisfy their obligations under their beverage concessionaire agreements at a 30 second equivalent CPM rate specified by the ESA. For the first six months of 2015 and for the years ended December 31, 2015 and January 1, 2015, the founding members purchased 60 seconds of on-screen advertising time.
[8]	The value of such purchases is calculated by reference to NCM LLC's advertising rate card.
[9]	The value of such purchases is calculated by reference to the Company's advertising rate card.
[10]	Used primarily for marketing to NCM LLC's advertising clients.
[11]	Used primarily for marketing to the Company's advertising clients.
[12]	Pursuant to the Management Services Agreement between NCM, Inc. and NCM LLC, NCM, Inc. provides certain specific management services to NCM LLC, including the services of the Chief Executive Officer, President, Interim Co-Chief Financial Officers, Executive Vice President and Chief Operations Officer and Chief Technology Officer and Executive Vice President and General Counsel. In exchange for these services, NCM LLC reimburses NCM, Inc. for compensation paid to the officers (including share based compensation) and other expenses of the officers and for certain out-of-pocket costs.
[13]	Prior to the sale of Fathom Events on December 26, 2013, these were used primarily for marketing resale to Fathom Events customers.
[14]	Prior to the sale of Fathom Events on December 26, 2013, these payments are at rates (percentage of event revenue) included in the ESAs based on the nature of the event.

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

Jun. 30, 2016

Dec. 31, 2015

Jan. 01, 2015

Dec. 26, 2013

$ 4.2

^[1]

$ 4.2

^[1],[2]

$ 4.2

^[2]

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

12.5

^[1]

12.5

^[1],[2]

16.6

^[2]

Interest receivable on notes receivable (included in

^[1]

0.4

Prepaid administrative fees to managing member

0.7

^[3]

0.7

^[3],[4]

0.7

^[4]

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

574.8

566.7

488.6

$ 492.0

Common Unit Adjustments And Integration Payments [Member]

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

$ 544.0

^[5]

$ 535.9

^[5]

$ 458.3

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

Related-Party Transactions (Schedule Of Mandatory Distributions To Members) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jul. 02, 2015	Jun. 30, 2016	Jul. 02, 2015	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Related Party Transaction [Line Items]
Cash distributions declared to members	$ 14.9	$ 45.8	$ 16.9	$ 45.8	$ 148.5	$ 146.4	$ 193.4
AMC [Member]
Related Party Transaction [Line Items]
Cash distributions declared to members	3.2	6.9	3.5	6.9	23.8	21.9	29.8
Cinemark [Member]
Related Party Transaction [Line Items]
Cash distributions declared to members	2.8	9.0	3.2	9.0	28.7	28.0	36.9
Regal [Member]
Related Party Transaction [Line Items]
Cash distributions declared to members	2.8	9.2	3.2	9.2	29.6	29.5	37.1
Founding Members [Member]
Related Party Transaction [Line Items]
Cash distributions declared to members	8.8	25.1	9.9	25.1	82.1	79.4	103.8
NCM Inc. [Member]
Related Party Transaction [Line Items]
Cash distributions declared to members	$ 6.1	$ 20.7	$ 7.0	$ 20.7	$ 66.4	$ 67.0	$ 89.6

Related-Party Transactions (Schedule Of Amounts Due To Founding Members) (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015	Jan. 01, 2015
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	$ 4.4	$ 4.3	$ 2.8
Cost and other reimbursement	(0.8)	(1.2)	(0.8)
Distributions payable to founding members	8.8	32.4	32.9
Total amounts due to founding members	12.4	35.5	34.9
AMC [Member]
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	1.9	1.8	0.8
Cost and other reimbursement	(0.5)	(0.9)	(0.6)
Distributions payable to founding members	3.2	10.2	9.1
Total amounts due to founding members	4.6	11.1	9.3
Cinemark [Member]
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	1.0	1.0	0.8
Cost and other reimbursement	(0.3)	(0.3)	(0.2)
Distributions payable to founding members	2.8	10.9	11.6
Total amounts due to founding members	3.5	11.6	12.2
Regal [Member]
Related Party Transaction [Line Items]
Theatre access fees, net of beverage revenues	1.5	1.5	1.2
Distributions payable to founding members	2.8	11.3	12.2
Total amounts due to founding members	$ 4.3	$ 12.8	$ 13.4

Related-Party Transactions (Schedule Of Amounts Due To/From Managing Member) (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015	Jan. 01, 2015
Related Party Transaction [Line Items]
Distributions payable to managing member	$ 8.8	$ 32.4	$ 32.9
Cost and other reimbursement	(0.8)	(1.2)	(0.8)
Managing Member [Member]
Related Party Transaction [Line Items]
Distributions payable to managing member	6.1	25.2	27.7
Cost and other reimbursement	(6.9)	(2.3)	(4.1)
Total amounts due (from) to managing member	$ (0.8)	$ 22.9	$ 23.6

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

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Jan. 01, 2015

Dec. 26, 2013

Dec. 27, 2012

Less: debt issuance costs related to term loans and senior notes

$ 942.0

$ 936.0

$ 892.0

(9.6)

(10.6)

(15.5)

$ (17.7)

$ (18.3)

Carrying value of long-term debt

932.4

925.4

892.0

$ 270.0

^[1]

$ 270.0

^[1],[2]

270.0

^[2]

Senior Unsecured Notes [Member]

Nov. 26, 2019

^[1]

Nov. 26, 2019

^[2]

$ 200.0

200.0

Jul. 15, 2021

Senior Secured Notes [Member]

7.875%

$ 400.0

400.0

Apr. 15, 2022

Revolving Credit Facility [Member]

6.00%

$ 72.0

^[1]

$ 66.0

^[1],[2]

$ 22.0

^[2]

Nov. 26, 2019

^[1]

Nov. 26, 2019

^[2]

[1]	The interest rates on the revolving credit facility and term loans are described below.
[2]	The interest rates on the revolving credit facility and term loan are described below.

Borrowings (Narrative) (Detail) - USD ($)

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

May 26, 2016

Jan. 01, 2015

Jun. 18, 2014

Senior Unsecured Notes Due 2021 [Member]

$ 942,000,000

$ 936,000,000

$ 892,000,000

7.875%

Debt instrument face amount

Jan. 15, 2012

$ 200,000,000

Senior Secured Notes Due 2022 [Member]

6.00%

Debt instrument face amount

Oct. 15, 2012

$ 400,000,000

LIBOR [Member] | Revolving Credit Facility Maturing On November 26, 2019 [Member]

Base Rate [Member] | Revolving Credit Facility Maturing On November 26, 2019 [Member]

2.00%

1.00%

Weighted-average interest rate

$ 270,000,000

^[1]

$ 270,000,000

^[1],[2]

270,000,000

^[2]

3.22%

2.99%

Debt instrument face amount

$ 270,000,000

Term Loans [Member] | LIBOR [Member]

Nov. 26, 2019

^[1]

Nov. 26, 2019

^[2]

Weighted-average interest rate

2.24%

Term Loans [Member] | Base Rate [Member]

2.75%

Senior Secured Credit Facility [Member]

1.75%

Senior secured leverage ratio

350.00%

330.00%

Number of periods revolving credit facility extended

2 years

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

Senior secured leverage ratio

650.00%

Senior Unsecured Notes [Member]

$ 200,000,000

200,000,000

7.875%

Jan. 15, 2012

Senior Secured Notes [Member]

Jul. 15, 2021

$ 400,000,000

400,000,000

6.00%

Oct. 15, 2012

Revolving Credit Facility [Member]

Apr. 15, 2022

Borrowing amount of credit facility

$ 175,000,000

$ 135,000,000

Increase in borrowing capacity of revolving credit facility

72,000,000

^[1]

66,000,000

^[1],[2]

$ 22,000,000

^[2]

$ 40,000,000

$ 25,000,000

Remaining borrowing capacity on credit facility

$ 103,000,000

$ 69,000,000

Unused line fee, percent

0.50%

Weighted-average interest rate

2.93%

Repayment of revolving credit facility

Nov. 26, 2019

^[1]

Nov. 26, 2019

^[2]

$ 14,000,000

[1]	The interest rates on the revolving credit facility and term loans are described below.
[2]	The interest rates on the revolving credit facility and term loan are described below.

Commitments And Contingencies (Narrative) (Detail) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Other Commitments [Line Items]
Maximum potential payment	$ 38,600,000	$ 38,300,000
Carrying amount of minimum revenue guarantees	$ 0	0	$ 0
Total lease expense		$ 2,300,000	$ 2,200,000	$ 2,300,000
Minimum [Member]
Other Commitments [Line Items]
Range of terms, in years	3 years	3 years
Maximum [Member]
Other Commitments [Line Items]
Range of terms, in years	20 years	20 years

Fair Value Measurements (Schedule Of Other Investments) (Detail) - USD ($)
$ in Millions

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Jan. 01, 2015

Dec. 26, 2013

Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]

Cost-method ownership percentage

$ 1.2

^[1]

$ 1.3

^[1]

$ 1.1

Other investments

$ 5.6

^[2]

4.2

^[2],[3]

1.2

^[3]

Total other investments

$ 6.8

$ 5.4

2.5

20.00%

Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment [Line Items]

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

$ 1.2

^[4]

$ 1.2

^[4]

$ 1.3

[1]	Refer to Note 7-Related Party Transactions.
[2]	The Company received equity securities in privately held companies as consideration for a portion of advertising contracts. The equity securities were accounted for under the cost method and represent an ownership of less than 20%. The Company does not exert significant influence on these companies' operating or financial activities.
[3]	The Company received equity securities in some privately held companies as consideration for advertising contracts. The equity securities were accounted for under the cost method and represent an ownership of less than 20%. The Company does not exert significant influence of these companies' operating or financial activities.
[4]	Refer to Note 3-Related Party Transactions.

Fair Value Measurements (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other-than-temporary impairment charge	$ 0.7	$ 0.7	$ 0.0	$ 0.0	$ 0.8
Promissory notes receivable from founding members					25.0
Other investments	6.8	6.8	5.4	$ 2.5
Founding Members [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Promissory notes receivable from founding members	16.7	16.7	$ 16.7		8.3
AC JV, LLC [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Remaining value of impaired investments	$ 0.0	$ 0.0
AC JV, LLC [Member] \| Founding Members [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Promissory notes receivable from founding members					$ 25.0

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

Jun. 30, 2016

Dec. 31, 2015

Jan. 01, 2015

$ 942.0

$ 936.0

$ 892.0

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

Debt Instrument, Fair Value

270.0

^[1]

270.0

^[1],[2]

270.0

^[2]

^[3]

269.6

269.3

257.9

Senior Unsecured Notes [Member]

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

Debt Instrument, Fair Value

200.0

^[3]

208.5

208.4

210.8

Senior Secured Notes [Member]

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

Debt Instrument, Fair Value

400.0

^[3]

$ 416.0

$ 414.5

$ 400.8

[1]	The interest rates on the revolving credit facility and term loans are described below.
[2]	The interest rates on the revolving credit facility and term loan are described below.
[3]	The Company has estimated the fair value on an average of at least two non-binding broker quotes and the Company's analysis. If the Company were to measure the borrowings in the above table at fair value on the balance sheet they would be classified as Level 2.

Derivative Instruments And Hedging Activities (Narrative) (Detail) - USD ($)

Jun. 30, 2016

Dec. 31, 2015

Jan. 01, 2015

Derivative [Line Items]

Amounts outstanding related to discontinued cash flow hedges

$ 942,000,000

$ 936,000,000

$ 892,000,000

Derivative asset

Derivative liability

Derivative [Line Items]

$ 270,000,000

^[1]

$ 270,000,000

^[1],[2]

$ 270,000,000

^[2]

[1]	The interest rates on the revolving credit facility and term loans are described below.
[2]	The interest rates on the revolving credit facility and term loan are described below.

Derivative Instruments And Hedging Activities (Schedule Of Changes in AOCI By Component) (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jul. 02, 2015	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Balance at beginning of period	$ (1.6)	$ (1.6)	$ (11.6)	$ (21.9)
Amortization on discontinued cash flow hedges	1.6	1.6	10.0	10.3
Total amounts reclassified from AOCI	1.6	1.6	10.0	10.3
Net other comprehensive income	1.6	1.6	10.0	10.3
Balance at end of period	$ 0.0	$ 0.0	$ (1.6)	$ (11.6)

Basis Of Presentation And Summary Of Significant Accounting Policies (Schedule Of Receivables) (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015	Jan. 01, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: Allowance for doubtful accounts	$ (6.1)	$ (5.6)	$ (4.3)
Receivables, net	$ 126.3	148.9	116.5
Trade Accounts Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables		153.6	119.4
Other Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables		$ 0.9	$ 1.4

Basis Of Presentation And Summary Of Significant Accounting Policies (Schedule Of Useful Lives) (Detail)	12 Months Ended
	Dec. 31, 2015
Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	4 years
Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Computer Hardware And Software [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computer Hardware And Software [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life description	Lesser of lease term or asset life

Basis Of Presentation And Summary Of Significant Accounting Policies (Changes In Debt Issuance Costs) (Detail) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jul. 02, 2015	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Beginning balance	$ 10.6	$ 15.5	$ 15.5	$ 17.7	$ 18.3
Debt issuance payments	0.3			0.6	3.4
Amortization of debt issuance costs	(1.3)	$ (1.3)	(2.6)	(2.8)	(2.8)
Write-off of debt issuance costs					(1.2)
Ending balance	9.6		10.6	$ 15.5	$ 17.7
Scenario, Previously Reported [Member]
Beginning balance	$ 12.9
Ending balance			$ 12.9

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

6 Months Ended

12 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Jan. 01, 2015

Dec. 26, 2013

Cost-method ownership percentage

$ 1.2

^[1]

$ 1.3

^[1]

$ 1.1

Other investments

$ 5.6

^[2]

4.2

^[2],[3]

1.2

^[3]

Total other investments

$ 6.8

$ 5.4

$ 2.5

20.00%

[1]	Refer to Note 7-Related Party Transactions.
[2]	The Company received equity securities in privately held companies as consideration for a portion of advertising contracts. The equity securities were accounted for under the cost method and represent an ownership of less than 20%. The Company does not exert significant influence on these companies' operating or financial activities.
[3]	The Company received equity securities in some privately held companies as consideration for advertising contracts. The equity securities were accounted for under the cost method and represent an ownership of less than 20%. The Company does not exert significant influence of these companies' operating or financial activities.

Divestiture (Narrative) (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2015

Dec. 26, 2013

Jun. 30, 2016

Jan. 01, 2015

$ 25.0

Frequency of periodic payment

5.00%

Gain on sale of Fathom Events

26.0

$ 0.6

Equity method investment carrying value

1.2

^[1]

1.1

$ 1.3

^[1]

Fathom Events [Member]

Net assets

0.1

16.7

$ 8.3

$ 16.7

Equity method investment carrying value

4.00%

$ 1.2

^[2]

$ 1.2

^[2]

$ 1.3

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

32.00%

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

$ 8.3

32.00%

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

$ 8.3

32.00%

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

$ 8.3

AC JV, LLC [Member] | Founding Members [Member]

4.00%

$ 25.0

5.00%

[1]	Refer to Note 7-Related Party Transactions.
[2]	Refer to Note 3-Related Party Transactions.

Divestiture (Future Minimum Principle Payments Of Note Receivable) (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 26, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 25.0
Related Party [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2016	$ 4.2
2017	4.2
2018	4.2
2019	4.1
2020	0.0
Total	$ 16.7

Property And Equipment (Summary Of Property And Equipment) (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015	Jan. 01, 2015
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (62.8)	$ (64.1)	$ (72.9)
Subtotal		16.4	20.1
Construction in progress		8.7	2.3
Total property and equipment	$ 27.6	25.1	22.4
Equipment, Computer Hardware And Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment		77.1	89.4
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment		$ 3.4	$ 3.6

Property And Equipment (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Property Plant And Equipment [Abstract]
Depreciation expense	$ 9.6	$ 11.1	$ 10.4

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

3 Months Ended

6 Months Ended

12 Months Ended

Apr. 02, 2015

Mar. 27, 2014

Jun. 30, 2016

Jul. 02, 2015

Dec. 31, 2015

Jan. 01, 2015

Dec. 26, 2013

Gross carrying amount, beginning balance

$ 557.9

$ 540.7

$ 658.6

$ 557.9

$ 540.7

Accumulated amortization, beginning balance

(69.3)

(48.7)

(91.9)

(69.3)

(48.7)

Total intangible assets, net, beginning balance

$ 488.6

$ 492.0

566.7

488.6

492.0

Additions

103.4

^[1]

19.4

^[2]

Amortization

(22.6)

(20.6)

$ (16.2)

Integration Payments

^[3]

(2.7)

(2.2)

Gross carrying amount, ending balance

658.6

557.9

540.7

Accumulated amortization, ending balance

(105.2)

(91.9)

(69.3)

(48.7)

Total intangible assets, net, ending balance

574.8

566.7

488.6

492.0

Purchase of intangible assets from affiliate

$ 1.1

$ 0.9

$ 2.7

3.0

$ 8.9

AMC [Member]

Common membership units issued

4,399,324

$ 69.3

NCM, LLC. [Member]

Common membership units issued

2,160,915

1,087,911

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

$ 31.4

$ 16.4

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

(2.7)

(2.2)

Equity in earnings of non-consolidated entities (included in other non-operating expense)

$ (2.6)

$ (2.1)

[1]	During the first quarter of 2015, the Company issued 2,160,915 common membership units to its founding members for the rights to exclusive access to net new theatre screens and attendees added by the founding members to NCM LLC's network during 2014. The Company recorded a net intangible asset of $31.4 million in the first quarter of 2015 as a result of the Common Unit Adjustment.
[2]	During the first quarter of 2014, the Company issued 1,087,911 common membership units to its founding members for the rights to exclusive access to net new theatre screens and attendees added by the founding members to NCM LLC's network during 2013. The Company recorded a net intangible asset of $16.4 million in the first quarter of 2014 as a result of the Common Unit Adjustment.
[3]	Rave Cinemas had pre-existing advertising agreements for some of the theatres it owned prior to its acquisition by Cinemark, as well as, prior to the acquisition of certain Rave theatres by AMC in December 2012. As a result, AMC and Cinemark will make integration payments over the remaining term of those agreements. During the year ended December 31, 2015 and January 1, 2015, the Company recorded a reduction to net intangible assets of $2.7 million and $2.2 million, respectively, related to integration payments due from AMC and Cinemark. During the year ended December 31, 2015 and January 1, 2015, the founding members paid $2.6 million and $2.1 million, respectively, in integration payments.

Intangible Assets (Summary Of Estimated Aggregate Amortization Expense) (Detail) $ in Millions	Dec. 31, 2015 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2016	$ 24.6
2017	24.6
2018	25.0
2019	26.8
2020	$ 26.7

Accrued Expenses (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015	Jan. 01, 2015
Payables and Accruals [Abstract]
Make-good reserve		$ 3.4	$ 2.0
Accrued interest		12.5	12.6
Deferred rent		2.1	2.4
Other accrued expenses		0.9	2.0
Total accrued expenses	$ 19.8	$ 18.9	$ 19.0

Members' Deficit (Detail)	12 Months Ended
Members' Deficit (Detail)	Dec. 31, 2015
Founding Members [Member] \| NCM, LLC. [Member]
Equity [Line Items]
Term of advertising services	30 years

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

12 Months Ended

Dec. 31, 2015

Jan. 01, 2015

$ 0.1

$ 0.2

Transition services (included in network costs)

^[1]

0.1

0.2

Equity in earnings of non-consolidated entities (included in other non-operating expense)

$ 0.1

$ 0.2

[1]

Borrowings (Schedule Of Annual Maturities On Credit Facility And Senior Notes) (Detail) $ in Millions	Dec. 31, 2015 USD ($)
Debt Disclosure [Abstract]
2016
2017
2018
2019	336.0
2020
Thereafter	600.0
Total	$ 936.0

Share-Based Compensation (Narrative) (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for issuance	12,974,589
Common stock available for grants	3,636,589
Achievement of percentage in performance based restricted stock	100.00%
Estimated forfeiture rate, percentage	5.00%
Recognized share-based compensation expense	$ 14.8	$ 7.7	$ 5.9
Capitalized share-based compensation expense	0.3	0.1	0.1
Non-cash share based compensation expense	8.0	$ 4.6	$ 3.2
Unrecognized compensation expense related to non-vested options	$ 0.0
Number of stock and stock units expected to vest, after consideration of expected forfeitures	2,337,754
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to non-vested options	$ 19.6
Weighted average remaining period over which unrecognized compensation costs will be recognized	1 year 9 months 18 days
Weighted average grant-date fair value, Non-vested	$ 14.76	$ 19.18	$ 15.17
Fair value of awards vested, restricted stock	$ 11.6	$ 3.6	$ 7.5
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Granted	0	0	0
Intrinsic value of options exercised	$ 0.4	$ 0.2	$ 6.1
Fair value of awards vested, options	$ 0.7	$ 2.2	$ 4.9
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Options contractual term	10 years
Length of measurement period	2 years
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Options contractual term	15 years
Length of measurement period	3 years

Share-Based Compensation (Summary Of Equity Incentive Plan Activity) (Detail) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015 USD ($) $ / shares shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Options, Outstanding, beginning balance	3,004,841
Options, Granted	0
Options, Exercised	(104,837)
Options, Forfeited	(192,252)
Options, Outstanding, ending balance	2,707,752
Options, Exercisable	2,707,752
Options, Vested and Expected to Vest	2,707,752
Weighted average exercise price, Outstanding, beginning balance \| $ / shares	$ 16.53
Weighted average exercise price, Exercised \| $ / shares	12.25
Weighted average exercise price, Forfeited \| $ / shares	17.93
Weighted average exercise price, Outstanding, ending balance \| $ / shares	16.60
Weighted average exercise price, Exercisable \| $ / shares	16.60
Weighted average exercise price, Vested and Expected to Vest \| $ / shares	$ 16.60
Weighted average remaining contractual life, Outstanding	4 years 9 months 18 days
Weighted average remaining contractual life, Exercisable	4 years 9 months 18 days
Weighted average remaining contractual life, Vested and Expected to Vest	4 years 9 months 18 days
Aggregate intrinsic value, Outstanding \| $	$ 1.4
Aggregate intrinsic value, Exercisable \| $	1.4
Aggregate intrinsic value,Vested and Expected to Vest \| $	$ 1.4

Share-Based Compensation (Summary Of Restriced Stock Awards And Restricted Stock Units) (Detail) - Restricted Stock And Restricted Stock Units [Member]	12 Months Ended
	Dec. 31, 2015 $ / shares shares
Shares, Non-vested, beginning balance \| shares	2,155,996
Shares, Granted \| shares	1,290,185
Shares, Vested \| shares	(274,059)
Shares, Forfeited \| shares	(608,485)
Shares, Non-vested, ending balance \| shares	2,563,637
Weighted average grant-date fair value, Non-vested, beginning balance \| $ / shares	$ 16.40
Weighted average grant-date fair value, Granted \| $ / shares	14.76
Weighted average grant-date fair value, Vested \| $ / shares	17.98
Weighted average grant-date fair value, Forfeited \| $ / shares	13.80
Weighted average grant-date fair value, Non-vested, ending balance \| $ / shares	$ 16.03

Employee Benefit Plans (Detail) - USD ($) $ in Millions	12 Months Ended
Employee Benefit Plans (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Compensation And Retirement Disclosure [Abstract]
Percent of compensation participants may contribute	20.00%
Discretionary contributions	$ 1.3	$ 1.0	$ 1.0

Commitments And Contingencies (Schedule Of Minimum Lease Payments Under Noncancelable Operating Leases) (Detail) $ in Millions	Dec. 31, 2015 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2016	$ 2.7
2017	2.1
2018	1.8
2019	1.8
2020	1.7
Thereafter	1.0
Total	$ 11.1

Segment Reporting (Narrative) (Detail)	12 Months Ended
Segment Reporting (Narrative) (Detail)	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Customer Concentration Risk [Member] \| Sales Revenue, Net [Member] \| Advertising [Member]
Segment Reporting Information [Line Items]
Percentage of revenue	100.00%	100.00%	92.10%

Segment Reporting (Schedule Of Segment Operating Income) (Detail) - USD ($) $ in Millions	3 Months Ended									6 Months Ended		12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Oct. 01, 2015	Jul. 02, 2015	Apr. 02, 2015	Dec. 29, 2014	Sep. 29, 2014	Jun. 29, 2014	Mar. 29, 2014	Jun. 30, 2016	Jul. 02, 2015	Dec. 31, 2015	Jan. 01, 2015	Dec. 26, 2013
Segment Reporting Information [Line Items]
Revenue		$ 136.4	$ 111.7	$ 121.5	$ 76.9	$ 123.1	$ 100.8	$ 99.9	$ 70.2			$ 446.5	$ 394.0	$ 462.8
Operating costs												121.1	115.3	142.6
Selling and marketing costs	$ 19.1			17.0						$ 37.7	$ 33.0	72.3	57.6	61.5
Administrative and other costs												38.6	29.5	30.1
Merger termination fee and related merger costs				0.9							41.8	41.8
Depreciation and amortization	8.9			8.2						17.6	16.2	32.2	32.4	26.6
Interest and other non-operating costs	13.3			12.9						26.5	27.4	52.9	62.1	38.4
Income (loss) before income taxes	$ 33.2			$ 42.5						$ 25.8	$ 3.8	87.6	97.1	163.6
Advertising [Member]
Segment Reporting Information [Line Items]
Revenue												446.5	394.0	426.3
Operating costs												103.3	97.0	98.4
Selling and marketing costs												66.8	54.8	56.1
Administrative and other costs												3.5	2.8	2.9
Income (loss) before income taxes												272.9	239.4	268.9
Fathom Events [Member]
Segment Reporting Information [Line Items]
Revenue														36.5
Operating costs														25.5
Selling and marketing costs														3.6
Administrative and other costs														0.9
Income (loss) before income taxes														6.5
Network, Administrative And Unallocated Costs [Member]
Segment Reporting Information [Line Items]
Operating costs												17.8	18.3	18.7
Selling and marketing costs												5.5	2.8	1.8
Administrative and other costs												35.1	26.7	26.3
Merger termination fee and related merger costs												41.8
Depreciation and amortization												32.2	32.4	26.6
Interest and other non-operating costs												52.9	62.1	38.4
Income (loss) before income taxes												$ (185.3)	$ (142.3)	$ (111.8)

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

3 Months Ended

12 Months Ended

Dec. 31, 2015

Oct. 01, 2015

Jul. 02, 2015

Apr. 02, 2015

Dec. 29, 2014

Sep. 29, 2014

Jun. 29, 2014

Mar. 29, 2014

Dec. 31, 2015

Jan. 01, 2015

Dec. 26, 2013

National Advertising Revenue [Member]

$ 136.4

$ 111.7

$ 121.5

$ 76.9

$ 123.1

$ 100.8

$ 99.9

$ 70.2

$ 446.5

$ 394.0

$ 462.8

Local Advertising Revenue [Member]

309.5

258.8

295.0

Founding Member Advertising Revenue From Beverage Concessionaire Agreements [Member]

107.0

96.8

89.9

Fathom Consumer Revenue [Member]

$ 30.0

$ 38.4

41.4

Fathom Business Revenue [Member]

^[1]

34.4