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Debt (Tables) | 9 Months Ended
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Sep. 30, 2016
Debt [Abstract] |
Summary Of Notes Payable |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  | As of September 30, 2016
﻿(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 |  | $ | 27,286 |  | 4.76% |  | 5.20%
﻿ | Bank of America Credit Facility (USA) |  | November 28, 2019 |  |  | 55,000 |  |  | 38,950 |  |  | 38,699 |  | 3.27% |  | 3.90%
﻿ | Bank of America Line of Credit (USA) |  | October 31, 2017 |  |  | 5,000 |  |  | 1,000 |  |  | 1,000 |  | 3.45% |  | 3.45%
﻿ | Cinema 1, 2, 3 Term Loan (USA)(4) |  | September 1, 2019 |  |  | 20,000 |  |  | 20,000 |  |  | 19,401 |  | 3.25% |  | 3.25%
﻿ | Minetta & Orpheum Theatres Loan (USA)(4) |  | June 1, 2018 |  |  | 7,500 |  |  | 7,500 |  |  | 7,380 |  | 3.31% |  | 3.31%
﻿ | Union Square Line of Credit (USA)(4) |  | June 2, 2017 |  |  | 8,000 |  |  | 8,000 |  |  | 7,937 |  | 3.51% |  | 3.51%
﻿Denominated in foreign currency ("FC") (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ | National Australia Bank ("NAB") Corporate Term Loan (AU) |  | June 28, 2019 |  |  | 50,986 |  |  | 30,285 |  |  | 30,126 |  | 2.62% |  | 2.62%
﻿ | Westpac Bank Corporate Credit Facility (NZ) |  | March 31, 2018 |  |  | 36,450 |  |  | 10,571 |  |  | 10,571 |  | 3.95% |  | 3.95%
﻿ |  | $ | 210,849 |  | $ | 144,219 |  | $ | 142,400 |  |  |  |
﻿ ﻿ (1) Effective interest rate includes the impact of interest rate derivatives hedging the interest rate risk associated with Trust Preferred Securities and Bank of America Credit Facility that were outstanding as of September 30, 2016. (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, 2016. (3) Net of deferred financing costs amounting to $1.8 million. (4) The loan for our Minetta & Orpheum Theatres was obtained from Santander Bank. The Union Square line of credit was obtained through East West Bank. We are currently in the process of negotiating a construction loan for our Union Square property that will pay-off this loan with East West Bank. The term loan for our Cinema 1,2,3 Theatre, which was previously provided by Santander Bank, was refinanced during the third quarter of 2016 with Valley National Bank. Refer below for further discussion. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  | As of December 31, 2015
﻿(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 |  |  | 27,125 |  | 4.32% |  | 5.20%
﻿ | Bank of America Credit Facility (USA) |  | November 28, 2019 |  |  | 55,000 |  |  | 29,750 |  |  | 29,321 |  | 2.92% |  | 3.65%
﻿ | Bank of America Line of Credit (USA) |  | October 31, 2017 |  |  | 5,000 |  |  | 2,500 |  |  | 2,500 |  | 3.42% |  | 3.42%
﻿ | Cinema 1, 2, 3 Term Loan (USA)(4) |  | July 1, 2016 |  |  | 15,000 |  |  | 15,000 |  |  | 14,887 |  | 3.75% |  | 3.75%
﻿ | Cinema 1, 2, 3 Line of Credit (USA)(4) |  | July 1, 2016 |  |  | 6,000 |  |  | -- |  |  | -- |  | 3.75% |  | 3.75%
﻿ | Minetta & Orpheum Theatres Loan (USA)(4) |  | June 1, 2018 |  |  | 7,500 |  |  | 7,500 |  |  | 7,326 |  | 3.00% |  | 3.00%
﻿ | Union Square Line of Credit (USA)(4) |  | June 2, 2017 |  |  | 8,000 |  |  | 8,000 |  |  | 7,858 |  | 3.65% |  | 3.65%
﻿Denominated in FC (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ | NAB Corporate Term Loan (AU) |  | June 30, 2019 |  |  | 48,452 |  |  | 26,594 |  |  | 26,412 |  | 3.06% |  | 3.06%
﻿ | Westpac Bank Corporate Credit Facility (NZ) |  | March 31, 2018 |  |  | 34,210 |  |  | 13,684 |  |  | 13,684 |  | 4.45% |  | 4.45%
﻿ |  |  |  |  | $ | 207,075 |  | $ | 130,941 |  | $ | 129,113 |  |  |  |
(1) Effective interest rate includes the impact of interest rate derivatives hedging the interest rate risk associated with Trust Preferred Securities and Bank of America Credit Facility that were outstanding as of December 31, 2015. (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, 2015. (3) The balance as of December 31, 2015 included the reclassification adjustment relating to netting of deferred financing costs amounting to $1.8 million, as discussed in Note 1 – Recently Adopted and Issued Accounting Pronouncements. (4) The loans for our Cinema 1,2,3 and Minetta & Orpheum Theatres were obtained from Bank of Santander. The Union Square line of credit was obtained through East West Bank. ﻿

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