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Debt | 9 Months Ended
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Sep. 30, 2015
Debt [Abstract] |
Debt | Note 1 0 – Debt The Company’s borrowings at September 30, 2015 and December 31, 2014, including the impact of interest rate swaps, are summarized below:
|  |  | As of September 30, 2015
(Dollars in thousands) |  | Maturity Date |  | Contractual Facility |  | Balance |  | Stated Interest Rate |  | Effective Interest Rate (1)
Denominated in USD |  |  |  |  |  |  |  |  |  |  |  |
| Trust Preferred Securities (USA) |  | April 30, 2027 |  | $ | 27,913 |  | $ | 27,913 |  | 4.30% |  | 5.20%
| Bank of America Credit Facility (USA) |  | November 28, 2019 |  |  | 55,000 |  |  | 29,750 |  | 2.69% |  | 3.65%
| Bank of America Line of Credit (USA) |  | October 31, 2017 |  |  | 5,000 |  |  | -- |  | 3.19% |  | 3.19%
| Cinema 1, 2, 3 Term Loan (USA) |  | July 1, 2016 |  |  | 15,000 |  |  | 15,000 |  | 3.75% |  | 3.75%
| Cinema 1, 2, 3 Line of Credit (USA) |  | July 1, 2016 |  |  | 6,000 |  |  | -- |  | 3.75% |  | 3.69%
| Minetta & Orpheum Theatres Loan (USA) |  | June 1, 2018 |  |  | 7,500 |  |  | 7,500 |  | 3.00% |  | 3.00%
| Union Square Line of Credit (USA) |  | June 2, 2017 |  |  | 8,000 |  |  | 8,000 |  | 3.28% |  | 3.28%
Denominated in FC (2) |  |  |  |  |  |  |  |  |  |  |  |
| NAB Corporate Term Loan (AU) |  | June 30, 2019 |  |  | 39,663 |  |  | 39,663 |  | 4.45% |  | 7.85%
| NAB Corporate Credit Facility (AU) |  | June 30, 2019 |  |  | 7,020 |  |  | -- |  | 4.45% |  | 4.45%
| Westpac Corporate Credit Facility (NZ) |  | March 31, 2018 |  |  | 31,950 |  |  | 17,892 |  | 4.65% |  | 4.65%
Total |  |  |  |  |  |  |  | $ | 145,718 |  |  |  |
(1) Effective interest rate includes the impact of interest rate derivatives hedging the interest rate risk associated with Trust Preferred Securities, Bank of America Credit Facility and NAB Corporate Term Loan that were outstanding as of September 30, 2015 (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, 2015.
|  |  | As of December 31, 2014
(Dollars in thousands) |  | Maturity Date |  | Contractual Facility |  | Balance |  | Stated Interest Rate |  | Effective Interest Rate (1)
Denominated in USD |  |  |  |  |  |  |  |  |  |  |  |
| Trust Preferred Securities (USA) |  | April 30, 2027 |  | $ | 27,913 |  | $ | 27,913 |  | 4.23% |  | 5.20%
| Bank of America Credit Facility (USA) |  | November 28, 2019 |  |  | 55,000 |  |  | 29,750 |  | 2.67% |  | 3.65%
| Bank of America Line of Credit (USA) |  | October 31, 2017 |  |  | 5,000 |  |  | -- |  | 3.17% |  | 3.17%
| Cinema 1, 2, 3 Term Loan (USA) |  | July 1, 2016 |  |  | 15,000 |  |  | 15,000 |  | 3.69% |  | 3.69%
| Cinema 1, 2, 3 Line of Credit (USA) |  | July 1, 2016 |  |  | 6,000 |  |  | -- |  | 3.69% |  | 3.69%
| Minetta & Orpheum Theatres Loan (USA) |  | June 1, 2018 |  |  | 7,500 |  |  | 7,500 |  | 2.94% |  | 2.94%
| Union Square Theatre Term Loan (USA) |  | May 1, 2015 |  |  | 7,500 |  |  | 6,468 |  | 5.92% |  | 5.92%
Denominated in FC (2) |  |  |  |  |  |  |  |  |  |  |  |
| NAB Corporate Term Loan (AU) |  | June 30, 2019 |  |  | 47,403 |  |  | 47,403 |  | 5.04% |  | 7.85%
| NAB Corporate Credit Facility (AU) |  | June 30, 2019 |  |  | 8,173 |  |  | 8,173 |  | 5.04% |  | 5.04%
| Westpac C orporate Credit Facility (NZ) |  | March 31, 2015 |  |  | 21,829 |  |  | 21,829 |  | 5.80% |  | 5.80%
Total |  |  |  |  |  |  |  | $ | 164,036 |  |  |  |
(1) Effective interest rate includes the impact of interest rate derivatives hedging interest rate risk associated with Trust Preferred Securities, Bank of America Credit Facility and NAB Corporate Term Loan. (2) The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollar based on the applicable exchange rates as of December 31, 2014. New Zealand Corporate Credit Facility On May 21, 2015, we refinanced our existing New Zealand Corporate Credit Facility with a $32.0 million (NZ$50.0 million) facility with the same bank (Westpac Bank), bearing an interest rate of 1.75% above Bank Bill Bid Rate (“BBBR”) and maturing on March 31, 2018. The facility is broken into two tranches, one a $22.4 million (NZ$35.0 million) credit facility and the second tranche for a $9.6 million (NZ$15.0 million) facility to be used for construction funding. US Union Square Non-Revolving Line of Credit On June 2, 2015, we replaced our US Union Square Term Loan with an $8.0 million "non-revolving" line of credit with East West Bank, collateralized by our Union Square property. The line of credit bears an interest rate of 2.95% above the 90-day LIBOR and matures on June 2, 2017, with an option to extend for one additional year.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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