Total debt, net debt and theatre level cash flows are supplemental non-GAAP financial measures used by Carmike to evaluate its operating performance. Total debt is defined as the sum of current maturities of long-term debt, capital leases and long-term financing obligations, long-term debt (less current maturities) and capital leases and long-term financing obligations (less current maturities). A reconciliation of theatre level cash flow to operating income for the fourth quarter and year ended December 31, 2007 and 2006, as well as a schedule of total debt and net debt is included in the tables accompanying this press release. Examples of forward-looking statements in this press release include our expectations regarding digital cinema opportunities, the box office performance in 2008 and our strategies and operating goals, including our operating performance improvement plan. read more

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