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Other Information (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Other Information [Abstract] |
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| Schedule of Cash Flow, Supplemental Disclosures |
Supplemental Disclosure of Cash Flow Information
The following table presents the supplemental disclosure of cash flow information (in thousands):
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Years ended December 31, |
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2013 |
|
2012 |
|
2011 |
Cash paid for interest, net of amounts capitalized |
$ |
43,387 |
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|
$ |
11,624 |
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|
$ |
2,679 |
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Cash paid for income taxes |
$ |
184,432 |
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|
$ |
161,404 |
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|
$ |
44,793 |
|
Change in deferred tax assets due to sale of noncontrolling interest |
$ |
— |
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|
$ |
2,209 |
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|
$ |
141,135 |
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Retirement of fully depreciated assets |
$ |
— |
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|
$ |
55,970 |
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|
$ |
1,699 |
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Distribution of corporate office building to Old LMC |
$ |
45,668 |
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|
$ |
— |
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|
$ |
— |
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Capital lease related to Commercial Lease with LPH |
$ |
44,800 |
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|
$ |
— |
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|
$ |
— |
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Tax attributes related to LMC Spin-Off |
$ |
11,545 |
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|
$ |
— |
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|
$ |
— |
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| Fair Value, Assets Measured on Recurring Basis |
Starz’s assets measured at fair value are as follows (in thousands):
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Fair Value Measurements at December 31, 2013 |
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Fair Value Measurements at December 31, 2012 |
Description |
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Total |
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Quoted prices in active markets for identical assets (Level 1) |
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Significant other observable inputs (Level 2) |
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Significant unobservable inputs (Level 3) |
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Total |
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Quoted prices in active markets for identical assets (Level 1) |
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Significant other observable inputs (Level 2) |
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Significant unobservable inputs (Level 3) |
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Cash equivalents |
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$ |
— |
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— |
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— |
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— |
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$ |
662,681 |
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662,681 |
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— |
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— |
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| Schedule of Allowance for Trade Receivables |
The following table presents the changes in the allowance for trade receivables.
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Description |
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Balance at
beginning of
period |
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Charged to
costs and
expenses(1) |
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Charged to
other accounts |
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Deductions(2) |
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Balance at
end of
period |
Year ended December 31, 2013: |
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Reserves: |
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Allowance for doubtful accounts |
$ |
266 |
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$ |
769 |
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|
$ |
— |
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$ |
6 |
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$ |
1,041 |
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Allowance for sales returns |
34,779 |
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|
141,338 |
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— |
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(144,350 |
) |
|
31,767 |
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Total
|
$ |
35,045 |
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|
$ |
142,107 |
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|
$ |
— |
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$ |
(144,344 |
) |
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$ |
32,808 |
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Year ended December 31, 2012: |
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Reserves: |
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Allowance for doubtful accounts |
$ |
2,173 |
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$ |
(623 |
) |
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$ |
— |
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|
$ |
(1,284 |
) |
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$ |
266 |
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Allowance for sales returns |
36,162 |
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|
83,214 |
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— |
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(84,597 |
) |
|
34,779 |
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Total
|
$ |
38,335 |
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$ |
82,591 |
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|
$ |
— |
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|
$ |
(85,881 |
) |
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$ |
35,045 |
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Year ended December 31, 2011: |
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Reserves: |
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Allowance for doubtful accounts |
$ |
3,723 |
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$ |
426 |
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$ |
— |
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$ |
(1,976 |
) |
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$ |
2,173 |
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Allowance for sales returns |
26,967 |
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|
101,628 |
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— |
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(92,433 |
) |
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36,162 |
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Total
|
$ |
30,690 |
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$ |
102,054 |
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$ |
— |
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$ |
(94,409 |
) |
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$ |
38,335 |
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(1) |
Charges for doubtful accounts are included in selling, general and administrative expense and charges for sales returns are recorded against revenue. |
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(2) |
Actual video returns, uncollectible accounts written off and foreign currency exchange rate changes. |
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| Schedule of Weighted Average Number of Shares [Table Text Block] |
The following is a reconciliation between basic and diluted weighted average shares outstanding for the year ended December 31, 2013 and reflected as outstanding for the years ended December 31, 2012 and 2011 (in thousands):
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2013 |
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2012 |
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2011 |
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Basic weighted average shares outstanding |
115,925 |
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|
119,996 |
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119,996 |
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Effect of dilution: |
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Stock options |
3,792 |
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— |
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|
7 |
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Restricted shares |
1,439 |
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|
109 |
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|
98 |
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Diluted weighted average shares outstanding |
121,156 |
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120,105 |
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120,101 |
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