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Long-Term Debt
3 Months Ended
Mar. 31, 2017
Long-term Debt, Unclassified [Abstract]  
Long-Term Debt
Debt and Capital Markets

During the three months ended March 31, 2017, the Company prepaid in full two mortgage notes payable totaling $17.9 million that were secured by two theatre properties.

During the three months ended March 31, 2017, the Company issued an aggregate of 928,219 common shares under the direct share purchase component of its Dividend Reinvestment and Direct Share Purchase Plan (DSPP) for total net proceeds of $67.9 million. These proceeds were used to pay down a portion of the Company's unsecured revolving credit facility.

Subsequent to March 31, 2017, the Company prepaid in full four mortgage notes payable totaling $30.2 million that were secured by four theatre properties. In addition, the Company prepaid in full a mortgage note payable of $87.0 million that was secured by 11 theatre properties. In connection with this note payoff, the Company expects to record a gain on early extinguishment of debt of $1.0 million for the three months ended June 30, 2017. The gain represents the difference between the fair value of the note and the amount due at payoff as the note was recorded at fair value upon acquisition and was not anticipated to be paid off in advance of maturity.