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COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
F-35
reporting unit, assuming highest and best use, based on either an income or market approach on a theater by theater
basis.
(d) Represents primarily the proceeds from the final allocation of the DISH Network, LLC litigation settlement. See
discussion below for additional information.
(e) Includes tax benefit of $7,605 resulting from a decrease in the valuation allowance for certain state net operating
loss carry forwards.
Year Ended December 31, 2012
Bresnan
Cable
Clearview
Cinemas
Litigation
Settlement(a) Total
Revenues, net............................................. $508,710
$ 65,076 $ - $573,786
Income (loss) before income taxes .............. $ (49,452)
$(19,683) $ 339,004 $ 269,869
Income tax benefit (expense) ...................... 20,157
8,016 (138,754) (110,581)
Income (loss) from discontinued
operations, net of income taxes ................ $ (29,295)
$ (11,667) $ 200,250 $ 159,288
___________________________
(a) Represents primarily the gain relating to the settlement of litigation with DISH Network, LLC. See discussion
below for additional information.
Year Ended
December 31, 2011
January 1,
2011 through
June 30, 2011
Bresnan
Cable
Clearview
Cinemas
AMC
Networks(a) Total
Revenues, net............................................. $471,629
$ 66,611 $551,480 $1,089,720
Income (loss) before income taxes .............. $(70,906)
$(17,879) $115,015 $ 26,230
Income tax benefit (expense) ...................... 28,855
7,261 (61,392) (25,276)
Income (loss) from discontinued
operations, net of income taxes ................ $(42,051)
$(10,618) $ 53,623 $ 954
___________________________
(a) In connection with the AMC Networks Distribution, the Company recorded income tax expense of $6,406 resulting
from the non-deductibility of certain transaction costs and $3,969 resulting from the recognition of a deferred tax
gain.
Bresnan Cable, Clearview Cinemas, and AMC Networks' results of operations reported on a stand-alone
basis differ from results presented above due to certain reclassifications and adjustments made for
purposes of discontinued operations reporting.