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Description Of Business And Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2017
Description Of Business And Segment Reporting [Abstract]  
Summary Of Results Of Operations For Principal Business Segments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

2017

 

2016

 

2015

(Dollars in thousands)

 

Cinema

 

Real Estate

 

Total

 

Cinema

 

Real Estate

 

Total

 

Cinema

 

Real Estate

 

Total

Revenue - Third party

 

$

263,464 

 

$

16,270 

 

$

279,734 

 

$

256,922 

 

$

13,551 

 

$

270,473 

 

$

242,823 

 

$

15,042 

 

$

257,865 

Inter-segment Revenue (1)

 

 

--

 

 

7,573 

 

 

7,573 

 

 

--

 

 

7,366 

 

 

7,366 

 

 

--

 

 

6,537 

 

 

6,537 

Total Segment Revenue

 

 

263,464 

 

 

23,843 

 

 

287,307 

 

 

256,922 

 

 

20,917 

 

 

277,839 

 

 

242,823 

 

 

21,579 

 

 

264,402 

Operating expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of services and products - Third party

 

 

(207,447)

 

 

(9,436)

 

 

(216,883)

 

 

(198,523)

 

 

(9,044)

 

 

(207,567)

 

 

(190,007)

 

 

(10,948)

 

 

(200,955)

Inter-segment Cost of services (1)

 

 

(7,573)

 

 

--

 

 

(7,573)

 

 

(7,366)

 

 

--

 

 

(7,366)

 

 

(6,537)

 

 

--

 

 

(6,537)

Total  of services and products (excluding depreciation and amortization)

 

 

(215,020)

 

 

(9,436)

 

 

(224,456)

 

 

(205,889)

 

 

(9,044)

 

 

(214,933)

 

 

(196,544)

 

 

(10,948)

 

 

(207,492)

Depreciation and amortization

 

 

(12,213)

 

 

(4,256)

 

 

(16,469)

 

 

(11,772)

 

 

(3,522)

 

 

(15,294)

 

 

(11,161)

 

 

(3,107)

 

 

(14,268)

General and administrative expense

 

 

(3,261)

 

 

(2,140)

 

 

(5,401)

 

 

(3,763)

 

 

(1,422)

 

 

(5,185)

 

 

(3,000)

 

 

(728)

 

 

(3,728)

Total operating expense

 

 

(230,494)

 

 

(15,832)

 

 

(246,326)

 

 

(221,424)

 

 

(13,988)

 

 

(235,412)

 

 

(210,705)

 

 

(14,783)

 

 

(225,488)

Segment operating income

 

$

32,970 

 

$

8,011 

 

$

40,981 

 

$

35,498 

 

$

6,929 

 

$

42,427 

 

$

32,118 

 

$

6,796 

 

$

38,914 



(1) Inter-segment Revenues and Cost of services relates to the internal charge between the two segments where the cinema operates within real estate owned within the group.



Reconciliation To Net Income Attributable To Common Shareholders



 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

2017

 

2016

 

2015

Segment operating income

 

$

40,981 

 

$

42,427 

 

$

38,914 

Unallocated corporate expense:

 

 

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

(473)

 

 

(395)

 

 

(294)

General and administrative expense

 

 

(19,947)

 

 

(21,721)

 

 

(14,924)

Interest expense, net

 

 

(6,194)

 

 

(6,782)

 

 

(7,304)

Equity earnings of unconsolidated joint ventures

 

 

815 

 

 

999 

 

 

1,204 

Gain on sale of assets

 

 

9,360 

 

 

393 

 

 

11,023 

Casualty gain (loss)

 

 

9,217 

 

 

(1,421)

 

 

--

Other income (expense)

 

 

588 

 

 

(63)

 

 

(440)

Income before income taxes

 

$

34,347 

 

$

13,437 

 

$

28,179 



Summary Of Assets



 

 

 

 

 

 

(Dollars in thousands)

 

December 31, 2017

 

December 31, 2016

By segment:

 

 

 

 

 

 

Cinema

 

$

135,184 

 

$

133,057 

Real estate

 

 

249,245 

 

 

240,362 

Corporate (1)

 

 

38,597 

 

 

32,347 

Total assets

 

$

423,026 

 

$

405,766 

By country:

 

 

 

 

 

 

United States

 

$

188,639 

 

$

161,922 

Australia

 

 

169,035 

 

 

170,556 

New Zealand

 

 

65,352 

 

 

73,288 

Total assets

 

$

423,026 

 

$

405,766 

(1) Corporate Assets includes cash and cash equivalents of $13.7 million and $19.0 million as of December 31, 2017 and 2016, respectively.

Schedule Of Operating Property By Country



 

 

 

 

 

 

(Dollars in thousands)

 

December 31, 2017

 

December 31, 2016

United States

 

$

89,183 

 

$

75,845 

Australia

 

 

143,200 

 

 

103,430 

New Zealand

 

 

32,341 

 

 

32,611 

Total operating property

 

$

264,724 

 

$

211,886 



Summary Of Capital Expenditures



 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

2017

 

2016

 

2015

Segment capital expenditures

 

$

76,300 

 

$

49,023 

 

$

52,989 

Corporate capital expenditures

 

 

408 

 

 

143 

 

 

130 

Total capital expenditures

 

$

76,708 

 

$

49,166 

 

$

53,119