XML 73 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Summary Of Significant Accounting Policies [Abstract]  
Schedule Of Estimated Useful Lives Of Assets



 

Building and improvements

15 60 years

Leasehold improvements

Shorter of the lease term or useful life of the improvement

Theater equipment

7 years

Furniture and fixtures

510 years



Summary Of Currency Exchange Rates



 

 

 

 

 

 

 

 

 



 

 

As of and for the year ended December 31, 2017

 

 

As of and for the year ended December 31, 2016

 

 

As of and for the year ended December 31, 2015

Spot Rate

 

 

 

 

 

 

 

 

 

Australian Dollar

 

 

0.7815

 

 

0.7230

 

 

0.7286

New Zealand Dollar

 

 

0.7100

 

 

0.6958

 

 

0.6842

Average Rate

 

 

 

 

 

 

 

 

 

Australian Dollar

 

 

0.7670

 

 

0.7440

 

 

0.7524

New Zealand Dollar

 

 

0.7111

 

 

0.6973

 

 

0.7004



Accounting Changes To Financial Statements

The impact of this change in accounting principle to our current and prior years’ financial statements  is presented in the following tables (in condensed format):



Consolidated Statements of Operations





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

2017

 

2016

 

2015

(Dollars in thousands)

 

With breakage revenue

 

Without breakage revenue

 

Effect of change

 

With breakage revenue

 

Without breakage revenue

 

Effect of change

 

As restated

 

As previously reported

 

Effect of change

Revenues

$

279,734 

 

$

279,126 

 

$

608 

 

 

$

270,473 

 

$

269,855 

 

$

618 

 

$

257,865 

 

$

257,323 

 

$

542 

Costs and expenses

 

(259,173)

 

 

(259,173)

 

 

--

 

 

 

(250,162)

 

 

(250,162)

 

 

--

 

 

(234,169)

 

 

(234,169)

 

 

--

Operating income

 

20,561 

 

 

19,953 

 

 

608 

 

 

 

20,311 

 

 

19,693 

 

 

618 

 

 

23,696 

 

 

23,154 

 

 

542 

Interest expense (net), casualty loss and others

 

12,971 

 

 

12,971 

 

 

--

 

 

 

(7,873)

 

 

(7,873)

 

 

--

 

 

3,279 

 

 

3,279 

 

 

--

Income before income taxes and equity earnings of unconsolidated joint ventures

 

33,532 

 

 

32,924 

 

 

608 

 

 

 

12,438 

 

 

11,820 

 

 

618 

 

 

26,975 

 

 

26,433 

 

 

542 

Equity earnings of unconsolidated joint ventures

 

815 

 

 

815 

 

 

--

 

 

 

999 

 

 

999 

 

 

--

 

 

1,204 

 

 

1,204 

 

 

--

Income before income taxes 

 

34,347 

 

 

33,739 

 

 

608 

 

 

 

13,437 

 

 

12,819 

 

 

618 

 

 

28,179 

 

 

27,637 

 

 

542 

Income tax expense

 

(3,337)

 

 

(3,098)

 

 

(239)

 

 

 

(4,020)

 

 

(3,787)

 

 

(233)

 

 

(5,148)

 

 

(4,943)

 

 

(205)

Net income

$

31,010 

 

$

30,641 

 

$

369 

 

 

$

9,417 

 

$

9,032 

 

$

385 

 

$

23,031 

 

$

22,694 

 

$

337 

Basic EPS

$

1.35 

 

$

1.33 

 

$

0.02 

 

 

$

0.40 

 

$

0.39 

 

$

0.01 

 

$

0.99 

 

$

0.98 

 

$

0.01 

Diluted EPS

$

1.33 

 

$

1.32 

 

$

0.02 

 

 

$

0.40 

 

$

0.38 

 

$

0.02 

 

$

0.98 

 

$

0.97 

 

$

0.01 



Consolidated Balance Sheets





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

2017

 

2016

(Dollars in thousands)

 

With breakage revenue

 

Without breakage revenue

 

Effect of change

 

With breakage revenue

 

Without breakage revenue

 

Effect of change

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets

$

33,475 

 

$

33,475 

 

$

 -

 

 

$

72,641 

 

$

72,641 

 

$

--

Non-current assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred tax asset, net

 

24,908 

 

 

25,147 

 

 

(239)

 

 

 

28,667 

 

 

28,900 

 

 

(233)

Other non-current assets

 

364,643 

 

 

364,643 

 

 

 -

 

 

 

304,458 

 

 

304,458 

 

 

--

Total Assets

 

423,026 

 

 

423,265 

 

 

(239)

 

 

 

405,766 

 

 

405,999 

 

 

(233)

Liabilities and Stockholders' Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred current revenue

 

9,850 

 

 

10,458 

 

 

(608)

 

 

 

10,758 

 

 

11,376 

 

 

(618)

Other current liabilities

 

70,596 

 

 

70,596 

 

 

 -

 

 

 

55,228 

 

 

55,228 

 

 

--

Non-current liabilities

 

161,339 

 

 

161,339 

 

 

 -

 

 

 

193,165 

 

 

193,165 

 

 

--

Total Liabilities

 

241,785 

 

 

242,393 

 

 

(608)

 

 

 

259,151 

 

 

259,769 

 

 

(618)

Stockholders' Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retained earnings (accumulated deficit)

 

32,679 

 

 

32,310 

 

 

369 

 

 

 

1,680 

 

 

1,295 

 

 

385 

Other equity components

 

148,562 

 

 

148,562 

 

 

 -

 

 

 

144,935 

 

 

144,935 

 

 

--

Total Stockholders' Equity

 

181,241 

 

 

180,872 

 

 

369 

 

 

 

146,615 

 

 

146,230 

 

 

385 

Total Liabilities and Stockholders' Equity

$

423,026 

 

$

423,265 

 

$

(239)

 

 

$

405,766 

 

$

405,999 

 

$

(233)



Consolidated Statements of Cash Flows





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

2017

 

2016

 

2015

(Dollars in thousands)

 

With breakage revenue

 

Without breakage revenue

 

Effect of change

 

With breakage revenue

 

Without breakage revenue

 

Effect of change

 

As restated

 

As previously reported

 

Effect of change

Operating Activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

31,010 

 

$

30,641 

 

$

369 

 

 

$

9,417 

 

$

9,032 

 

$

385 

 

$

23,031 

 

$

22,694 

 

$

337 

Adjustments to reconcile net income to net cash provided by operating activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in net deferred tax assets

 

4,073 

 

 

3,834 

 

 

239 

 

 

 

(5,060)

 

 

(5,293)

 

 

233 

 

 

(4,067)

 

 

(4,272)

 

 

205 

Other reconciling adjustments

 

191 

 

 

191 

 

 

 

 

 

 

19,128 

 

 

19,128 

 

 

 

 

 

5,786 

 

 

5,786 

 

 

 

Net changes in operating assets and liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue and other liabilities

 

(7,011)

 

 

(6,403)

 

 

(608)

 

 

 

3,626 

 

 

4,244 

 

 

(618)

 

 

(745)

 

 

(203)

 

 

(542)

Other operating assets and liabilities

 

(4,412)

 

 

(4,412)

 

 

 -

 

 

 

3,077 

 

 

3,077 

 

 

 -

 

 

4,569 

 

 

4,569 

 

 

 -

Net cash provided by operating activities

 

23,851 

 

 

23,851 

 

 

 -

 

 

 

30,188 

 

 

30,188 

 

 

 -

 

 

28,574 

 

 

28,574 

 

 

 -

Investing Activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash used in investing activities

 

(6,786)

 

 

(6,786)

 

 

 -

 

 

 

(42,861)

 

 

(42,861)

 

 

 -

 

 

(29,710)

 

 

(29,710)

 

 

 -

Financing Activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by/(used in) financing activities

 

(22,055)

 

 

(22,055)

 

 

 -

 

 

 

11,246 

 

 

11,246 

 

 

 -

 

 

(27,961)

 

 

(27,961)

 

 

 -

Effect of exchange rate on cash

 

(359)

 

 

(359)

 

 

 -

 

 

 

742 

 

 

742 

 

 

 -

 

 

(1,449)

 

 

(1,449)

 

 

 -

Net increase (decrease) in cash and cash equivalents

 

(5,349)

 

 

(5,349)

 

 

 -

 

 

 

(685)

 

 

(685)

 

 

 -

 

 

(30,546)

 

 

(30,546)

 

 

 -

Cash and cash equivalents at the beginning of the year

 

19,017 

 

 

19,017 

 

 

 -

 

 

 

19,702 

 

 

19,702 

 

 

 -

 

 

50,248 

 

 

50,248 

 

 

 -

Cash and cash equivalents at the end of the year

$

13,668 

 

$

13,668 

 

$

 -

 

 

$

19,017 

 

$

19,017 

 

$

 -

 

$

19,702 

 

$

19,702 

 

$

 -