Debt (Tables)

9 Months Ended

Sep. 30, 2018

Debt [Abstract]

Summary Of Notes Payable

	As of September 30, 2018
(Dollars in thousands)	Maturity Date	Contractual Facility		Balance, Gross		Balance, Net(3)		Stated Interest Rate	Effective Interest Rate(1)
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	27,584	6.37%	6.37%
Bank of America Credit Facility (USA)	November 28, 2019		55,000		34,000		34,000	4.74%	4.74%
Bank of America Line of Credit (USA)	October 31, 2019		5,000		1,500		1,500	5.17%	5.17%
Bank of America digital projector loan (USA)	December 28, 2019		3,221		3,221		3,221	5.00%	5.00%
Cinema 1, 2, 3 Term Loan (USA)	September 1, 2019		19,191		19,191		18,906	3.25%	3.25%
Minetta & Orpheum Theatres Loan (USA)	November 1, 2023		7,500		7,500		7,476	4.88%	4.88%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,552		9,552		9,426	4.64% / 4.44%	4.61%
Union Square Construction Financing (USA)	December 29, 2019		57,500		25,852		23,560	6.52% / 12.22%	8.17%
Denominated in foreign currency ("FC") (2)
NAB Corporate Term Loan (AU)	December 31, 2019		48,133		38,361		38,317	2.88%	2.88%
Westpac Bank Corporate (general/non-construction) Credit Facility (NZ)	December 31, 2019		23,223		—		—	3.80%	3.80%
Westpac Bank Corporate (construction) Credit Facility (NZ)	December 31, 2018		11,943		—		—	3.80%	3.80%
		$	268,176	$	167,090	$	163,990

(1) Both interest rate derivatives associated with the Trust Preferred Securities and Bank of America Credit Facility expired in October 2017 so the effective interest rate no longer applies as of September 30, 2018.

(2) The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of September 30, 2018.

(3) Net of deferred financing costs amounting to $3.1 million.

	As of December 31, 2017
(Dollars in thousands)	Maturity Date	Contractual Facility		Balance, Gross		Balance, Net(3)		Stated Interest Rate	Effective Interest Rate(1)
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	27,554	5.38%	5.38%
Bank of America Credit Facility (USA)	November 28, 2019		55,000		31,000		31,000	4.57%	4.57%
Bank of America Line of Credit (USA)	October 31, 2019		5,000		—		—	4.57%	4.57%
Cinema 1, 2, 3 Term Loan (USA)	September 1, 2019		19,500		19,500		19,105	3.25%	3.25%
Minetta & Orpheum Theatres Loan (USA)	June 1, 2018		7,500		7,500		7,470	4.13%	4.13%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,719		9,719		9,582	4.64% / 4.44%	4.61%
Union Square Construction Financing (USA)	December 29, 2019		57,500		8,000		5,033	5.81%	5.81%
Denominated in FC (2)
NAB Corporate Loan Facility (AU)	June 30, 2019		51,970		30,869		30,781	3.66%	3.66%
Westpac Bank Corporate (general/non-construction) Credit Facility (NZ)	December 31, 2019		24,850		—		—	3.70%	3.70%
Westpac Bank Corporate (construction) Credit Facility (NZ)	December 31, 2018		12,780		—		—	3.70%	3.70%
		$	271,732	$	134,501	$	130,525

(1) Both interest rate derivatives associated with the Trust Preferred Securities and Bank of America Credit Facility expired in October 2017 so the effective interest rate no longer applies as of December 31, 2017.

(2) The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2017.

(3) Net of deferred financing costs amounting to $4.0 million.

Schedule Of Long-term Debt Instruments, Net Of The Deferred Financing Costs

	Dollars in thousands
	September 30,		December 31,
Balance Sheet Caption	2018		2017
Debt - current portion	$	3,175	$	8,109
Debt - long-term portion		133,231		94,862
Subordinated debt		27,584		27,554
Total borrowings	$	163,990	$	130,525

Schedule Of Construction Financing

(Dollars in thousands)		Facility Limits and Advances
Financing Component	Lender	Facility Limit		Advanced- to-Date		Remaining Facility		Interest Rate(1)	Maturity Date(2)
Mezzanine loan	Tammany Mezz Investor LLC	$	7,500	$	7,500	$	—	Greater of (i) 10.50% and (ii) Adjusted LIBOR + 10%	December 29, 2019
Senior loan, including building and project loan	Bank of the Ozarks		50,000		18,352		31,648	Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%	December 29, 2019
Total Union Square Financing		$	57,500	$	25,852	$	31,648

(1) Not to exceed the New York State maximum lawful borrowing rate, which typically is 16%.

(2) Allowable for up to two (2) extension request options, one (1) year for each extension request.