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v3.21.2

Segment Reporting - Segment Reporting Information by Category and Reportable Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020
Revenues |  |  |  |  |
Revenue | [1] | $ 56,602 | $ 37,256 | $ 146,311 | $ 81,013
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | 27,487 | 3,829 | 70,371 | 1,227
IMAX DMR [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1] | 15,701 | 6,886 | 39,438 | 18,061
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | 7,293 | 3,079 | 22,405 | 7,492
Joint Revenue Sharing Arrangements, Contingent Rent [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1] | 9,887 | 4,473 | 26,108 | 10,307
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | 3,626 | (2,491) | 7,299 | (10,610)
IMAX Technology Network [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1] | 25,588 | 11,359 | 65,546 | 28,368
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | 10,919 | 588 | 29,704 | (3,118)
IMAX Systems [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1],[3] | 13,236 | 17,437 | 35,117 | 27,674
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2],[3] | 8,086 | 8,671 | 21,646 | 14,497
Joint Revenue Sharing Arrangements, Fixed Fees [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1] | 1,036 | 57 | 3,776 | 1,196
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | 280 | (117) | 783 | 110
IMAX Maintenance Segment [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1] | 13,055 | 5,855 | 33,196 | 13,225
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | 6,462 | 794 | 15,360 | (355)
Other Theater Business [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1],[4] | 363 | 307 | 1,283 | 1,261
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2],[4] | 64 | 31 | 269 | 77
IMAX Technology Sales and Maintenance [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1] | 27,690 | 23,656 | 73,372 | 43,356
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | 14,892 | 9,379 | 38,058 | 14,329
New Business Initiatives [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1] | 1,238 | 378 | 2,554 | 1,488
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | 1,189 | 372 | 2,281 | 1,245
Post-production [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1] | 899 | 739 | 2,886 | 3,088
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | 420 | (464) | 1,316 | (96)
Film Distribution [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1],[5] | 699 | 1,126 | 1,115 | 4,453
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2],[5] | (4) | (5,597) | (319) | (9,296)
Film Distribution and Post-Production [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1] | 1,598 | 1,865 | 4,001 | 7,541
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | 416 | (6,061) | 997 | (9,392)
Reportable Segments [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1] | 56,114 | 37,258 | 145,473 | 80,753
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | 27,416 | 4,278 | 71,040 | 3,064
Other [Member] |  |  |  |  |
Revenues |  |  |  |  |
Revenue | [1] | 488 | (2) | 838 | 260
Gross Margin (Margin Loss) |  |  |  |  |
Gross Margin (Margin Loss) | [2] | $ 71 | $ (449) | $ (669) | $ (1,837)
[1] | The Company’s largest customer represents 18.2% and 22.2%, respectively, of total Revenues for the three and nine months ended September 30, 2021 (2020 — 11.0% and 11.3%, respectively). No single customer comprises more than 10% of the Company’s total Accounts Receivable as of September 30, 2021 and December 31, 2020.
[2] | IMAX DMR gross margin includes marketing costs of $3.2 million and $5.8 million, respectively, for the three and nine months ended September 30, 2021 (2020 — $0.4 million and $2.8 million, respectively). JRSA gross margin includes advertising, marketing and commission expense of $0.8 million and $1.9 million, respectively, for the three and nine months ended September 30, 2021 (2020 — $0.7 million and $1.3 million, respectively). IMAX Systems gross margin includes marketing and commission costs of $0.3 million and $0.9 million, respectively, for the three and nine months ended September 30, 2021 (2020 — $0.6 million and $1.0 million, respectively). Film Distribution segment gross margin includes marketing expense of $nil and less than $0.1 million, respectively, for the three and nine months ended September 30, 2021 (2020 — $0.2 million and $0.4 million, respectively).
[3] | The revenue from this segment includes the initial upfront payments and the present value of fixed minimum payments from sales and sales-type lease arrangements of IMAX Theater Systems, as well as the present value of estimated variable consideration from sales of IMAX Theater Systems. To a lesser extent, the revenue from this segment also includes finance income associated with these revenue streams.
[4] | principally includes after-market sales of IMAX projection system parts and 3D glasses.
[5] | During the three and nine months ended September 30, 2020, Film Distribution segment results include impairment losses of $5.4 million and $9.9 million, respectively, to write-down the carrying value of certain documentary and alternative content film assets due to a decrease in projected box office totals and related revenues based on management’s regular quarterly recoverability assessments. No such charges were incurred in the three and nine months ended September 30, 2021.

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