As of Sep 30, 2016, the company has 271 theaters with 2,917 screens in 41 states.
In fiscal 2015, the company opened 6 theaters and 73 screens, closed 10 theaters, and completed an acquisition of 5 theaters and 37 screens from Sundance. During the first nine months of fiscal 2016, the company opened 1 theater and 12 screens, acquired 2 theaters and 22 screens, and closed 7 theaters and 33 screens. In fiscal 2016, the company anticipates opening approximately 5 new build-to-suit theaters while closing 10 theaters.
As of 2015 fiscal year-end, the company owned, operated, or had an interest in 55 of their theaters and leased the remaining 220 theaters. Carmike typically enters into long-term leases that provide for the payment of fixed monthly rentals, contingent rentals based on a percentage of revenue over a specified amount and the payment of property taxes, common area maintenance, insurance and repairs. There are often embedded renewal options for renewal periods that may exceed 20 years.
Theaters average 10.7 screens per location, are generally located in small to mid-size non-urban markets, and range in size from 15,000 to 90,000 square feet. eMarketer estimates the average theater is approximately 43,500 square feet.
|Total gross square feet (M)||11,789||11,963||11,919||10,962||10,832||10,310|
|Total gross square feet growth||0.7%||0.4%||8.7%||1.2%||5.1%||-0.8%|
|Avg store gross sq ft||43,500||43,500||43,500||43,500||43,500||43,500|
|Avg store gross sq ft growth||0.0%||0.0%||0.0%||0.0%||0.0%||0.0%|
|Movie screen growth||1.6%||1.4%||8.9%||6.3%||11.0%||0.8%|
|Movie screens per theater||10.7||10.7||10.6||10.6||10.0||9.5|