Summary Of Results Of Operations For Principal Business Segments |
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2017
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2016
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2015
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(Dollars in thousands)
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Cinema
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Real Estate
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Total
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Cinema
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Real Estate
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Total
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Cinema
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Real Estate
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Total
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Revenue - Third party
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$
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263,464
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$
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16,270
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$
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279,734
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$
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256,922
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$
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13,551
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$
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270,473
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$
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242,823
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$
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15,042
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$
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257,865
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Inter-segment Revenue (1)
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--
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7,573
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7,573
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--
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7,366
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7,366
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--
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6,537
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6,537
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Total Segment Revenue
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263,464
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23,843
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287,307
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256,922
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20,917
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277,839
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242,823
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21,579
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264,402
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Operating expense
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Cost of services and products - Third party
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(207,447)
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(9,436)
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(216,883)
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(198,523)
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(9,044)
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(207,567)
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(190,007)
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(10,948)
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(200,955)
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Inter-segment Cost of services (1)
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(7,573)
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--
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(7,573)
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(7,366)
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--
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(7,366)
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(6,537)
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--
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(6,537)
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Total of services and products (excluding depreciation and amortization)
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(215,020)
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(9,436)
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(224,456)
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(205,889)
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(9,044)
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(214,933)
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(196,544)
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(10,948)
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(207,492)
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Depreciation and amortization
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(12,213)
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(4,256)
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(16,469)
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(11,772)
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(3,522)
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(15,294)
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(11,161)
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(3,107)
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(14,268)
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General and administrative expense
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(3,261)
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(2,140)
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(5,401)
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(3,763)
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(1,422)
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(5,185)
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(3,000)
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(728)
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(3,728)
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Total operating expense
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(230,494)
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(15,832)
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(246,326)
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(221,424)
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(13,988)
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(235,412)
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(210,705)
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(14,783)
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(225,488)
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Segment operating income
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$
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32,970
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$
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8,011
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$
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40,981
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$
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35,498
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$
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6,929
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$
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42,427
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$
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32,118
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$
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6,796
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$
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38,914
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(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.
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Reconciliation To Net Income Attributable To Common Shareholders |
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(Dollars in thousands)
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2017
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2016
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2015
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Segment operating income
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$
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40,981
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$
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42,427
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$
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38,914
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Unallocated corporate expense:
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Depreciation and amortization expense
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(473)
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(395)
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(294)
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General and administrative expense
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(19,947)
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(21,721)
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(14,924)
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Interest expense, net
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(6,194)
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(6,782)
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(7,304)
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Equity earnings of unconsolidated joint ventures
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815
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999
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1,204
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Gain on sale of assets
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9,360
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393
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11,023
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Casualty gain (loss)
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9,217
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(1,421)
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--
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Other income (expense)
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588
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(63)
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(440)
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Income before income taxes
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$
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34,347
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$
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13,437
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$
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28,179
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Summary Of Assets |
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(Dollars in thousands)
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December 31, 2017
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December 31, 2016
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By segment:
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Cinema
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$
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135,184
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$
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133,057
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Real estate
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249,245
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240,362
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Corporate (1)
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38,597
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32,347
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Total assets
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$
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423,026
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$
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405,766
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By country:
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United States
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$
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188,639
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$
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161,922
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Australia
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169,035
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170,556
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New Zealand
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65,352
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73,288
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Total assets
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$
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423,026
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$
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405,766
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(1) Corporate Assets includes cash and cash equivalents of $13.7 million and $19.0 million as of December 31, 2017 and 2016, respectively.
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