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Receivables (Tables)

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Summary of Allowance For Credit Losses Related to Accounts Receivable

The following tables summarize the activity in the allowance for credit losses related to Accounts Receivable for the three months ended March 31, 2023 and 2022:

	Three Months Ended March 31, 2023
(In thousands of U.S. Dollars)	Theater Operators				Studios				Other				Total
Beginning balance	$	11,144			$	1,699			$	1,276			$	14,119
Current period (reversal) provision, net		(265	)			3				21				(241	)
Write-offs		(115	)			—				—				(115	)
Foreign exchange		60				5				—				65
Ending balance	$	10,824			$	1,707			$	1,297			$	13,828
	Three Months Ended March 31, 2022
(In thousands of U.S. Dollars)	Theater Operators				Studios				Other				Total
Beginning balance	$	8,867			$	1,994			$	1,085			$	11,946
Current period provision, net		1,981				3				273				2,257
Write-offs		—				—				—				—
Foreign exchange		(17	)			(2	)			—				(19	)
Ending balance	$	10,831			$	1,995			$	1,358			$	14,184

Schedule of Financing Receivables

As of March 31, 2023 and December 31, 2022, financing receivables consist of the following:

	March 31,				December 31,
(In thousands of U.S. Dollars)	2023				2022
Net investment in leases
Gross minimum payments due under sales-type leases	$	32,097			$	29,727
Unearned finance income		(557	)			(619	)
Present value of minimum payments due under sales-type leases		31,540				29,108
Allowance for credit losses		(778	)			(776	)
Net investment in leases		30,762				28,332
Financed sales receivables
Gross minimum payments due under financed sales		141,119				141,337
Unearned finance income		(29,161	)			(29,340	)
Present value of minimum payments due under financed sales		111,958				111,997
Allowance for credit losses		(11,533	)			(10,945	)
Net financed sales receivables		100,425				101,052
Total financing receivables	$	131,187			$	129,384
Net financed sales receivables due within one year	$	33,721			$	32,366
Net financed sales receivables due after one year		66,704				68,686
Total financed sales receivables	$	100,425			$	101,052

Schedule of Weighted-average Remaining Lease Term and Weighted-average Interest Rate

As of March 31, 2023 and December 31, 2022, the weighted-average remaining lease term and weighted-average interest rate associated with the Company’s sales-type lease arrangements and financed sale receivables, as applicable, are as follows:

		March 31,					December 31,
		2023					2022
Weighted-average remaining lease term (in years)
Sales-type lease arrangements			8.9					9.0
Weighted-average interest rate
Sales-type lease arrangements		8.25%					8.23%
Financed sales receivables		8.85%					8.79%

Schedule of Net Investment In Leases by Credit Quality Indicator

The tables below provide information on the Company’s net investment in leases by credit quality indicator as of March 31, 2023 and December 31, 2022. The amounts disclosed for each credit quality classification are determined on a customer-by-customer basis and include both billed and unbilled amounts.

(In thousands of U.S. Dollars)	By Origination Year
As of March 31, 2023	2023				2022				2021				2020				2019				Prior				Total
Net investment in leases:
Credit quality classification:
In good standing	$	2,200			$	4,141			$	7,017			$	2,544			$	2,020			$	1,020			$	18,942
Credit Watch		—				—				—				—				—				—				—
Pre-approved transactions		—				—				3,112				1,179				5,423				2,483				12,197
Transactions suspended		—				—				—				—				—				401				401
Total net investment in leases	$	2,200			$	4,141			$	10,129			$	3,723			$	7,443			$	3,904			$	31,540
(In thousands of U.S. Dollars)	By Origination Year
As of December 31, 2022	2022				2021				2020				2019				2018				Prior				Total
Net investment in leases:
Credit quality classification:
In good standing	$	4,148			$	6,969			$	2,494			$	1,977			$	—			$	1,016			$	16,604
Credit Watch		—				—				—				—				—				—				—
Pre-approved transactions		—				3,089				1,162				5,401				2,451				—				12,103
Transactions suspended		—				—				—				—				—				401				401
Total net investment in leases	$	4,148			$	10,058			$	3,656			$	7,378			$	2,451			$	1,417			$	29,108

Schedule of Financed Sale Receivables by Credit Quality Indicator

The tables below provide information on the Company’s financed sale receivables by credit quality indicator as of March 31, 2023 and December 31, 2022. The amounts disclosed for each credit quality classification are determined on a customer-by-customer basis and include both billed and unbilled amounts.

(In thousands of U.S. Dollars)	By Origination Year
As of March 31, 2023	2023				2022				2021				2020				2019				Prior				Total
Financed sales receivables:
Credit quality classification:
In good standing	$	2,163			$	9,830			$	8,617			$	6,381			$	8,149			$	45,647			$	80,787
Credit Watch		—				1				—				—				—				943				944
Pre-approved transactions		—				—				2,377				1,162				1,590				13,220				18,349
Transactions suspended		—				272				795				142				1,256				9,413				11,878
Total financed sales receivables	$	2,163			$	10,103			$	11,789			$	7,685			$	10,995			$	69,223			$	111,958
(In thousands of U.S. Dollars)	By Origination Year
As of December 31, 2022	2022				2021				2020				2019				2018				Prior				Total
Financed sales receivables:
Credit quality classification:
In good standing	$	10,252			$	8,643			$	6,280			$	8,541			$	9,854			$	39,912			$	83,482
Credit Watch		—				—				—				—				—				1,152				1,152
Pre-approved transactions		—				2,318				1,399				1,134				1,449				9,243				15,543
Transactions suspended		272				664				142				1,269				1,197				8,276				11,820
Total financed sales receivables	$	10,524			$	11,625			$	7,821			$	10,944			$	12,500			$	58,583			$	111,997

Schedule of Aging Analysis for Net Investment in Leases and Financed Sale Receivables

The following tables provide an aging analysis for the Company’s net investment in leases and financed sale receivables as of March 31, 2023 and December 31, 2022:

	As of March 31, 2023
(In thousands of U.S. Dollars)	Accrued and Current				30-89 Days				90+ Days				Billed				Unbilled				Recorded Receivable				Allowance for Credit Losses				Net
Net investment in leases	$	235			$	433			$	2,892			$	3,560			$	27,980			$	31,540			$	(778	)		$	30,762
Financed sales receivables		1,352				3,190				13,131				17,673				94,285			$	111,958				(11,533	)			100,425
Total	$	1,587			$	3,623			$	16,023			$	21,233			$	122,265			$	143,498			$	(12,311	)		$	131,187
	As of December 31, 2022
(In thousands of U.S. Dollars)	Accrued and Current				30-89 Days				90+ Days				Billed				Unbilled				Recorded Receivable				Allowance for Credit Losses				Net
Net investment in leases	$	237			$	216			$	2,593			$	3,046			$	26,062			$	29,108			$	(776	)		$	28,332
Financed sales receivables		2,269				1,307				12,793				16,369				95,628				111,997				(10,945	)			101,052
Total	$	2,506			$	1,523			$	15,386			$	19,415			$	121,690			$	141,105			$	(11,721	)		$	129,384

Schedule of Net Investment in Leases and Financed Sale Receivables with Billed Amounts Past Due Continues to Accrue Finance Income

The following tables provide information about the Company’s net investment in leases and financed sale receivables with billed amounts past due for which it continues to accrue finance income as of March 31, 2023 and December 31, 2022. The amounts disclosed for each credit quality classification are determined on a customer-by-customer basis and include both billed and unbilled amounts.

	As of March 31, 2023
(In thousands of U.S. Dollars)	Accrued and Current				30-89 Days				90+ Days				Billed				Unbilled				Allowance for Credit Losses				Net
Net investment in leases	$	220			$	387			$	2,892			$	3,499			$	18,286			$	(228	)		$	21,557
Financed sales receivables		940				2,356				10,445				13,741				42,785				(1,460	)			55,066
Total	$	1,160			$	2,743			$	13,337			$	17,240			$	61,071			$	(1,688	)		$	76,623
	As of December 31, 2022
(In thousands of U.S. Dollars)	Accrued and Current				30-89 Days				90+ Days				Billed				Unbilled				Allowance for Credit Losses				Net
Net investment in leases	$	190			$	181			$	2,593			$	2,964			$	17,070			$	(230	)		$	19,804
Financed sales receivables		1,550				1,115				10,814				13,479				43,172				(1,587	)			55,064
Total	$	1,740			$	1,296			$	13,407			$	16,443			$	60,242			$	(1,817	)		$	74,868

Schedule of Net Investment in Leases and Financed Sale Receivables on Nonaccrual Status

The following table provides information about the Company’s net investment in leases and financed sale receivables that are on nonaccrual status as of March 31, 2023 and December 31, 2022:

	As of March 31, 2023												As of December 31, 2022
(In thousands of U.S. Dollars)	Recorded Receivable				Allowance for Credit Losses				Net				Recorded Receivable				Allowance for Credit Losses				Net
Net investment in leases	$	401			$	(401	)		$	—			$	401			$	(401	)		$	—
Net financed sales receivables		20,461				(7,599	)			12,862				27,364				(9,589	)			17,775
Total	$	20,862			$	(8,000	)		$	12,862			$	27,765			$	(9,990	)		$	17,775

Summary of Allowance for Credit Losses Related to Net Investment in Leases and Financed Sale Receivables

The following tables summarize the activity in the allowance for credit losses related to the Company’s net investment in leases and financed sale receivables for the three months ended March 31, 2023 and 2022:

	Three Months Ended March 31, 2023
	Net Investment				Financed
(In thousands of U.S. Dollars)	in Leases				Sales Receivables
Beginning balance	$	776			$	10,945
Current period (reversal) provision, net		(2	)			549
Write-offs		—				—
Foreign exchange		4				39
Ending balance	$	778			$	11,533
	Three Months Ended March 31, 2022
	Net Investment				Net Financed
(In thousands of U.S. Dollars)	in Leases				Sales Receivables
Beginning balance	$	798			$	5,414
Current period (reversal) provision, net		(93	)			5,708
Write-offs		—				—
Foreign exchange		1				13
Ending balance	$	706			$	11,135

Summary of Allowance For Credit Losses Related to Variable Consideration Receivables

The following table summarizes the activity in the Allowance for Credit Losses related to Variable Consideration Receivables for the three months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
	2023				2022
(In thousands of U.S. Dollars)	Theater Operators				Theater Operators
Beginning balance	$	610			$	1,082
Current period reversal, net		(86	)			(643	)
Foreign exchange		2				—
Ending balance	$	526			$	439

X

- Definition

This element represents the disclosures related to financing receivables. Examples of financing receivables include, but not limited to, loans, trade accounts receivables, notes receivable, credit cards, and receivables relating to a lessor's right(s) to payment(s) from a lease other than an operating lease that is recognized as assets.

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Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447

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