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Business Combinations (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the Quixote Acquisition Date fair value of the consideration transferred in connection with the acquisition:

Cash			$	199,098
Seller note			160,000
Total consideration			$	359,098

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the Quixote Acquisition Date:

Cash and cash equivalents			$	5,780
Accounts receivable			7,238
Prepaid expenses and other assets			3,788
Investment in real estate(1)			47,741
Non-real estate property, plant and equipment			65,939
Intangible assets			76,900
Right-of-use assets			106,115
Total assets acquired			313,501
Accounts payable, accrued liabilities and other			$	12,700
Lease liabilities			95,112
Total liabilities assumed			107,812
Net identifiable assets acquired			$	205,689
Goodwill			153,409
NET ASSETS ACQUIRED			$	359,098

_____________

1.Represents leasehold improvements related to Quixote’s leasehold interests in studio properties.

Schedule of Business Acquisition, Pro Forma Information

The amounts of revenue and loss from operations of Quixote included in the Company’s Consolidated Statement of Operations from the Quixote Acquisition Date to December 31, 2022 are as follows:

Revenue			$	33,200
Loss from operations			$	(5,290)

The following represents the pro forma Consolidated Statements of Operations as if the results of operations of Quixote had been included in the consolidated results of the Company for the years ended December 31, 2022 and 2021:

			Year Ended December 31, 2022						Year Ended December 31, 2021
Revenue			$	1,090,857					$	982,985
Net (loss) income			$	(17,715)					$	38,508

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Topic 805
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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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-Name Accounting Standards Codification
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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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