falsedesktopIMAX2020-09-30000156459020048749{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Canada\t98-0140269\n(State or other jurisdiction of incorporation or organization)\t(I.R.S. Employer Identification Number)\n2525 Speakman Drive Mississauga Ontario Canada L5K 1B1 (905) 403-6500\t902 Broadway Floor 20 New York New York USA 10010 (212) 821-0100\n", "q10k_tbl_1": "Large accelerated filer\t☒\tAccelerated filer\t☐\nNon-accelerated filer\t☐\tSmaller reporting company\t☐\n\t\tEmerging growth company\t☐\n", "q10k_tbl_2": "\t\tPage\nPART I. FINANCIAL INFORMATION\t\t\nItem 1.\tFinancial Statements\t3\nItem 2.\tManagement's Discussion and Analysis of Financial Condition and Results of Operations\t46\nItem 3.\tQuantitative and Qualitative Disclosures about Market Risk\t78\nItem 4.\tControls and Procedures\t80\nPART II. OTHER INFORMATION\t\t\nItem 1.\tLegal Proceedings\t81\nItem 1A.\tRisk Factors\t81\nItem 2.\tUnregistered Sales of Equity Securities and Use of Proceeds\t83\nItem 6.\tExhibits\t84\nSignatures\t\t85\n", "q10k_tbl_3": "\tPage\nThe following unaudited Condensed Consolidated Financial Statements are filed as part of this Report:\t\nCondensed Consolidated Balance Sheets as at September 30 2020 and December 31 2019\t4\nCondensed Consolidated Statements of Operations for the three and nine months ended September 30 2020 and 2019\t5\nCondensed Consolidated Statements of Comprehensive (Loss) Income for the three and nine months ended September 30 2020 and 2019\t6\nCondensed Consolidated Statements of Cash Flows for the nine months ended September 30 2020 and 2019\t7\nCondensed Consolidated Statements of Shareholders' Equity for the three and nine months ended September 30 2020 and 2019\t8\nNotes to Condensed Consolidated Financial Statements\t9\n", "q10k_tbl_4": "\tSeptember 30\tDecember 31\n\t2020\t2019\nAssets\t\t\nCash and cash equivalents\t305197\t109484\nAccounts receivable net of allowance for credit losses\t59674\t99513\nFinancing receivables net of allowance for credit losses\t126740\t128038\nVariable consideration receivable net of allowance for credit losses\t39394\t40040\nInventories\t53021\t42989\nPrepaid expenses\t10812\t10237\nFilm assets\t7468\t17921\nProperty plant and equipment\t282854\t306849\nInvestment in equity securities\t14803\t15685\nOther assets\t23796\t25034\nDeferred income tax assets\t17737\t23905\nOther intangible assets\t27019\t30347\nGoodwill\t39027\t39027\nTotal assets\t1007542\t889069\nLiabilities\t\t\nBank indebtedness\t297985\t18229\nAccounts payable\t12011\t20414\nAccrued and other liabilities\t103970\t112779\nDeferred revenue\t99770\t94552\nDeferred income tax liabilities\t18661\t0\nTotal liabilities\t532397\t245974\nCommitments and contingencies\t\t\nNon-controlling interests\t776\t5908\nShareholders' equity\t\t\nCapital stock common shares - no par value. Authorized - unlimited number.\t\t\n58878749 issued and 58861171 outstanding (December 31 2019 - 61362872 issued and 61175852 outstanding)\t405583\t423386\nLess: Treasury stock 17578 shares at cost (December 31 2019 - 187020)\t(271)\t(4038)\nOther equity\t177110\t171789\nAccumulated deficit\t(181604)\t(40253)\nAccumulated other comprehensive loss\t(1984)\t(3190)\nTotal shareholders' equity attributable to common shareholders\t398834\t547694\nNon-controlling interests\t75535\t89493\nTotal shareholders' equity\t474369\t637187\nTotal liabilities and shareholders' equity\t1007542\t889069\n", "q10k_tbl_5": "\tThree Months Ended\t\tNine Months Ended\t\t\t\n\tSeptember 30\t\tSeptember 30\t\t\t\n\t2020\t2019\t2020\t\t2019\t\nRevenues\t\t\t\t\t\t\nTechnology sales\t15753\t21735\t24102\t\t56629\t\nImage enhancement and maintenance services\t14589\t44168\t\t39109\t\t144977\nTechnology rentals\t4473\t17642\t\t10307\t\t61675\nFinance income\t2441\t2845\t\t7495\t\t8104\n\t37256\t86390\t\t81013\t\t271385\nCosts and expenses applicable to revenues\t\t\t\t\t\t\nTechnology sales\t9222\t11740\t\t15637\t\t33114\nImage enhancement and maintenance services\t16989\t20181\t\t42049\t\t66205\nTechnology rentals\t7216\t7349\t\t22100\t\t20253\n\t33427\t39270\t\t79786\t\t119572\nGross margin\t3829\t47120\t\t1227\t\t151813\nSelling general and administrative expenses\t24815\t29482\t\t83247\t\t89267\nResearch and development\t1130\t1359\t\t4562\t\t3717\nAmortization of intangibles\t1349\t1271\t\t4014\t\t3564\nCredit loss expense\t3925\t599\t\t15582\t\t1957\nAsset impairments\t0\t0\t\t1151\t\t0\nExit costs restructuring charges and associated impairments\t0\t0\t\t0\t\t850\n(Loss) income from operations\t(27390)\t14409\t\t(107329)\t\t52458\nGain (loss) in fair value of investments\t1575\t(490)\t\t(939)\t\t(2543)\nRetirement benefits non-service expense\t(186)\t(160)\t\t(432)\t\t(480)\nInterest income\t586\t490\t\t1842\t\t1632\nInterest expense\t(2391)\t(489)\t\t(4620)\t\t(1806)\n(Loss) income before taxes\t(27806)\t13760\t\t(111478)\t\t49261\nIncome tax expense\t(19349)\t(3030)\t\t(24606)\t\t(11986)\nEquity in (losses) gains of investees net of tax\t(1329)\t166\t\t(1858)\t\t(56)\nNet (loss) income\t(48484)\t10896\t\t(137942)\t\t37219\nLess: Net loss (income) attributable to non-controlling interests\t1275\t(1863)\t\t15412\t\t(8524)\nNet (loss) income attributable to common shareholders\t(47209)\t9033\t(122530)\t\t28695\t\nNet (loss) income per share attributable to common shareholders - basic and diluted:\t\t\t\t\t\t\nNet (loss) income per share - basic and diluted\t(0.80)\t0.15\t(2.06)\t\t0.47\t\n", "q10k_tbl_6": "\tThree Months Ended\t\tNine Months Ended\t\t\t\n\tSeptember 30\t\tSeptember 30\t\t\t\n\t2020\t2019\t2020\t\t2019\t\nNet (loss) income\t(48484)\t10896\t(137942)\t\t37219\t\nUnrealized net gain (loss) from cash flow hedging instruments\t591\t(527)\t\t(935)\t\t(162)\nRealized net loss from cash flow hedging instruments\t110\t322\t\t805\t\t1015\nForeign currency translation adjustments\t2387\t(1498)\t\t1772\t\t(1670)\nDefined benefit and postretirement benefit plans\t19\t0\t\t36\t\t0\nOther comprehensive income (loss) before tax\t3107\t(1703)\t\t1678\t\t(817)\nIncome tax (expense) benefit related to other comprehensive income (loss)\t(189)\t54\t\t64\t\t(224)\nOther comprehensive income (loss) net of tax\t2918\t(1649)\t\t1742\t\t(1041)\nComprehensive (loss) income\t(45566)\t9247\t\t(136200)\t\t36178\nLess: Comprehensive loss (income) attributable to non-controlling interests\t553\t(1410)\t\t14876\t\t(8017)\nComprehensive (loss) income attributable to common shareholders\t(45013)\t7837\t(121324)\t\t28161\t\n", "q10k_tbl_7": "\tNine Months Ended\t\t\t\n\tSeptember 30\t\t\t\n\t2020\t\t2019\t\nCash (used in) provided by:\t\t\t\t\nOperating Activities\t\t\t\t\nNet (loss) income\t(137942\t)\t37219\t\nAdjustments to reconcile net (loss) income to cash from operating activities:\t\t\t\t\nDepreciation and amortization\t\t41294\t\t45500\nCredit loss expense\t\t15582\t\t1957\nWrite-downs\t\t13339\t\t1027\nDeferred income tax expense\t\t23142\t\t1035\nShare-based and other non-cash compensation\t\t16345\t\t17397\nUnrealized foreign currency exchange (gain) loss\t\t(394)\t\t214\nLoss in fair value of investments\t\t939\t\t2543\nEquity in losses of investees\t\t1858\t\t56\nChanges in assets and liabilities:\t\t\t\t\nAccounts receivable\t\t30350\t\t9613\nInventories\t\t(10278)\t\t(13422)\nFilm assets\t\t(6177)\t\t(15405)\nDeferred revenue\t\t5233\t\t(2599)\nChanges in other operating assets and liabilities\t\t(24109)\t\t(17878)\nNet cash (used in) provided by operating activities\t\t(30818)\t\t67257\nInvesting Activities\t\t\t\t\nPurchase of property plant and equipment\t\t(658)\t\t(5528)\nInvestment in equipment for joint revenue sharing arrangements\t\t(5289)\t\t(31099)\nAcquisition of other intangible assets\t\t(1661)\t\t(1874)\nInvestment in equity securities\t\t0\t\t(15153)\nNet cash used in investing activities\t\t(7608)\t\t(53654)\nFinancing Activities\t\t\t\t\nIncrease in revolving credit facility borrowings\t\t280244\t\t35000\nRepayment of revolving credit facility borrowings\t\t0\t\t(55000)\nCredit facility amendment fees paid\t\t(1026)\t\t0\nSettlement of restricted share units and options\t\t(2815)\t\t(8589)\nTreasury stock repurchased for future settlement of restricted share units\t\t(271)\t\t(1572)\nRepurchase of common shares IMAX China\t\t(1534)\t\t(19157)\nTaxes withheld and paid on employee stock awards vested\t\t(251)\t\t(508)\nCommon shares issued - stock options exercised\t\t0\t\t2391\nRepurchase of common shares\t\t(36624)\t\t(2659)\nIssuance of subsidiary shares to non-controlling interests (net of return on capital)\t\t0\t\t1106\nDividends paid to non-controlling interests\t\t(4214)\t\t(4384)\nNet cash provided by (used in) financing activities\t\t233509\t\t(53372)\nEffects of exchange rate changes on cash\t\t630\t\t727\nIncrease (decrease) in cash and cash equivalents during period\t\t195713\t\t(39042)\nCash and cash equivalents beginning of period\t\t109484\t\t141590\nCash and cash equivalents end of period\t305197\t\t102548\t\n", "q10k_tbl_8": "\tThree Months Ended\t\tNine Months Ended\t\t\t\n\tSeptember 30\t\tSeptember 30\t\t\t\n\t2020\t2019\t2020\t\t2019\t\nAdjustments to capital stock:\t\t\t\t\t\t\nBalance beginning of period\t405254\t422101\t419348\t\t421539\t\nChange in shares held in treasury\t58\t3\t\t3767\t\t(656)\nEmployee stock options exercised\t0\t12\t\t0\t\t1740\nFair value of stock options exercised at the grant date\t0\t3\t\t0\t\t100\nAverage carrying value of repurchased and retired common shares\t0\t(321)\t\t(17803)\t\t(925)\nBalance end of period\t405312\t421798\t\t405312\t\t421798\nAdjustments to other equity:\t\t\t\t\t\t\nBalance beginning of period\t172690\t166232\t\t171789\t\t179595\nAmortization of share-based payment expense - stock options\t1034\t2231\t\t2137\t\t6719\nAmortization of share-based payment expense - restricted share units\t3337\t3517\t\t11099\t\t10770\nAmortization of share-based payment expense - performance stock units\t514\t0\t\t1307\t\t0\nRestricted share units vested\t(463)\t(1419)\t\t(7688)\t\t(8713)\nCash received from the issuance of common shares in excess of par value\t0\t0\t\t0\t\t651\nFair value of stock options exercised at the grant date\t0\t(3)\t\t0\t\t(100)\nCommon shares repurchased IMAX China\t(2)\t(2344)\t\t(1534)\t\t(19157)\nStock options exercised from treasury shares purchased on open market\t0\t(10)\t\t0\t\t(1561)\nBalance end of period\t177110\t168204\t\t177110\t\t168204\nAdjustments to accumulated deficit:\t\t\t\t\t\t\nBalance beginning of period\t(134395)\t(66828)\t\t(40253)\t\t(85385)\nNet (loss) income attributable to common shareholders\t(47209)\t9033\t\t(122530)\t\t28695\nCommon shares repurchased and retired\t0\t(629)\t\t(18821)\t\t(1734)\nBalance end of period\t(181604)\t(58424)\t\t(181604)\t\t(58424)\nAdjustments to accumulated other comprehensive loss:\t\t\t\t\t\t\nBalance beginning of period\t(4180)\t(2926)\t\t(3190)\t\t(3588)\nOther comprehensive income (loss) net of tax\t2196\t(1196)\t\t1206\t\t(534)\nBalance end of period\t(1984)\t(4122)\t\t(1984)\t\t(4122)\nAdjustments to non-controlling interests:\t\t\t\t\t\t\nBalance beginning of period\t74723\t85472\t\t89493\t\t80757\nNet income (loss) attributable to non-controlling interests\t2186\t2274\t\t(10280)\t\t9309\nOther comprehensive income (loss) net of tax\t722\t(453)\t\t536\t\t(507)\nDividends paid to non-controlling shareholders\t(2096)\t(2118)\t\t(4214)\t\t(4384)\nBalance end of period\t75535\t85175\t\t75535\t\t85175\nTotal Shareholders' Equity\t474369\t612631\t474369\t\t612631\t\n", "q10k_tbl_9": "\tSeptember 30\tDecember 31\n\t2020\t2019\nTotal assets\t1571\t9677\nTotal liabilities(1)\t245\t308\n", "q10k_tbl_10": "\tThree Months Ended September 30 2020\t\t\t\tNine Months Ended September 30 2020\t\t\t\n\tTheater Operators\tStudios\tOther\tTotal\tTheater Operators\tStudios\tOther\tTotal\nBeginning balance\t6317\t5455\t838\t12610\t3302\t893\t942\t5137\nCurrent period provision\t1623\t(262)\t468\t1829\t4718\t4424\t364\t9506\nWrite-offs\t(614)\t0\t0\t(614)\t(614)\t0\t0\t(614)\nRecoveries\t0\t0\t0\t0\t0\t0\t0\t0\nForeign exchange\t133\t184\t(9)\t308\t53\t60\t(9)\t104\nEnding balance\t7459\t5377\t1297\t14133\t7459\t5377\t1297\t14133\n", "q10k_tbl_11": "\tSeptember 30\tDecember 31\n\t2020\t2019\nNet investment in leases\t\t\nGross minimum payments due under sales-type leases\t18476\t16766\nUnearned finance income\t(877)\t(1005)\nPresent value of minimum payments due under sales-type leases\t17599\t15761\nAllowance for credit losses\t(504)\t(155)\nNet investment in leases\t17095\t15606\nFinanced sales receivables\t\t\nGross minimum payments due under financed sales\t144394\t146660\nUnearned finance income\t(30106)\t(33313)\nPresent value of minimum payments due under financed sales\t114288\t113347\nAllowance for credit losses\t(4643)\t(915)\nNet financed sales receivables\t109645\t112432\nTotal financing receivables\t126740\t128038\nNet financed sales receivables due within one year\t34197\t27595\nNet financed sales receivables due after one year\t75448\t84837\nTotal financed sales receivables\t109645\t112432\n", "q10k_tbl_12": "\tSeptember 30\tDecember 31\n\t2020\t2019\nWeighted-average remaining lease term (in years)\t\t\nSales-type lease arrangements\t7.9\t8.1\nWeighted-average interest rate\t\t\nSales-type lease arrangements\t5.38%\t6.68%\nFinanced sales receivables\t9.04%\t9.00%\n", "q10k_tbl_13": "\tBy Origination Year\t\t\t\t\t\t\nAs at September 30 2020\t2020\t2019\t2018\t2017\t2016\tPrior\tTotal\nNet investment in leases:\t\t\t\t\t\t\t\nCredit quality classification:\t\t\t\t\t\t\t\nIn good standing\t1861\t0\t0\t958\t0\t2141\t4960\nCredit Watch\t0\t8106\t3087\t0\t0\t707\t11900\nPre-approved transactions\t0\t0\t0\t0\t0\t9\t9\nTransactions suspended\t0\t0\t0\t0\t0\t730\t730\nTotal net investment in leases\t1861\t8106\t3087\t958\t0\t3587\t17599\n\tBy Origination Year\t\t\t\t\t\t\nAs at December 31 2019\t2019\t2018\t2017\t2016\t2015\tPrior\tTotal\nNet investment in leases:\t\t\t\t\t\t\t\nCredit quality classification:\t\t\t\t\t\t\t\nIn good standing\t7874\t3045\t989\t0\t0\t3186\t15094\nCredit Watch\t0\t0\t0\t0\t0\t667\t667\nPre-approved transactions\t0\t0\t0\t0\t0\t0\t0\nTransactions suspended\t0\t0\t0\t0\t0\t0\t0\nTotal net investment in leases\t7874\t3045\t989\t0\t0\t3853\t15761\n", "q10k_tbl_14": "\tBy Origination Year\t\t\t\t\t\t\nAs at September 30 2020\t2020\t2019\t2018\t2017\t2016\tPrior\tTotal\nFinanced sales receivables:\t\t\t\t\t\t\t\nCredit quality classification:\t\t\t\t\t\t\t\nIn good standing\t3009\t3509\t1171\t262\t1876\t6397\t16224\nCredit Watch\t701\t8242\t13545\t15584\t14388\t41424\t93884\nPre-approved transactions\t0\t0\t0\t0\t599\t668\t1267\nTransactions suspended\t0\t0\t0\t924\t905\t1084\t2913\nTotal financed sales receivables\t3710\t11751\t14716\t16770\t17768\t49573\t114288\n\tBy Origination Year\t\t\t\t\t\t\nAs at December 31 2019\t2019\t2018\t2017\t2016\t2015\tPrior\tTotal\nFinanced sales receivables:\t\t\t\t\t\t\t\nCredit quality classification:\t\t\t\t\t\t\t\nIn good standing\t11981\t14414\t16556\t15208\t0\t44291\t102450\nCredit Watch\t0\t0\t637\t1687\t0\t6955\t9279\nPre-approved transactions\t0\t0\t250\t295\t0\t285\t830\nTransactions suspended\t0\t0\t0\t165\t0\t623\t788\nTotal financed sales receivables\t11981\t14414\t17443\t17355\t0\t52154\t113347\n", "q10k_tbl_15": "\tAs at September 30 2020\t\t\t\t\t\t\t\n\tAccrued and Current\t30-89 Days\t90+ Days\tBilled\tUnbilled\tRecorded Receivable\tAllowance for Credit Losses\tNet\nNet investment in leases\t132\t161\t1053\t1346\t16253\t17599\t(504)\t17095\nFinanced sales receivables\t1686\t2359\t13312\t17357\t96931\t114288\t(4643)\t109645\nTotal\t1818\t2520\t14365\t18703\t113184\t131887\t(5147)\t126740\n\tAs at December 31 2019\t\t\t\t\t\t\t\n\tAccrued and Current\t30-89 Days\t90+ Days\tBilled\tUnbilled\tRecorded Receivable\tAllowance for Credit Losses\tNet\nNet investment in leases\t30\t68\t251\t349\t15412\t15761\t(155)\t15606\nFinanced sales receivables\t1678\t2772\t5446\t9896\t103451\t113347\t(915)\t112432\nTotal\t1708\t2840\t5697\t10245\t118863\t129108\t(1070)\t128038\n", "q10k_tbl_16": "\tAs at September 30 2020\t\t\t\t\t\t\n\tAccrued and Current\t30-89 Days\t90+ Days\tBilled\tUnbilled\tAllowance for Credit Losses\tNet\nNet investment in leases\t123\t142\t746\t1011\t12181\t(290)\t12902\nFinanced sales receivables\t1384\t1908\t12991\t16283\t69963\t(2211)\t84035\nTotal\t1507\t2050\t13737\t17294\t82144\t(2501)\t96937\n\tAs at December 31 2019\t\t\t\t\t\t\n\tAccrued and Current\t30-89 Days\t90+ Days\tBilled\tUnbilled\tAllowance for Credit Losses\tNet\nNet investment in leases\t9\t19\t251\t279\t578\t0\t857\nFinanced sales receivables\t1146\t1290\t5523\t7959\t29173\t0\t37132\nTotal\t1155\t1309\t5774\t8238\t29751\t0\t37989\n", "q10k_tbl_17": "\tAs at September 30 2020\t\t\tAs at December 31 2019\t\t\n\tRecorded Receivable\tAllowance for Credit Losses\tNet\tRecorded Receivable\tAllowance for Credit Losses\tNet\nNet investment in leases\t730\t(18)\t712\t0\t0\t0\nNet financed sales receivables\t2913\t(1187)\t1726\t788\t(732)\t56\nTotal\t3643\t(1205)\t2438\t788\t(732)\t56\n", "q10k_tbl_18": "\tThree Months Ended September 30 2020\t\tNine Months Ended September 30 2020\t\n\tNet Investment\tFinanced\tNet Investment\tFinanced\n\tin Leases\tSales Receivables\tin Leases\tSales Receivables\nBeginning balance\t459\t3709\t155\t915\nCurrent period provision\t105\t1201\t409\t4014\nWrite-offs\t(69)\t(330)\t(69)\t(330)\nRecoveries\t0\t0\t0\t0\nForeign exchange\t9\t63\t9\t44\nEnding balance\t504\t4643\t504\t4643\n\tThree Months Ended September 30 2019\t\tNine Months Ended September 30 2019\t\n\tNet Investment\tNet Financed\tNet Investment\tNet Financed\n\tin Leases\tSales Receivables\tin Leases\tSales Receivables\nBeginning balance\t155\t839\t155\t839\nCharge-offs\t0\t0\t0\t0\nRecoveries\t0\t0\t0\t0\nProvision\t0\t76\t0\t76\nEnding balance\t155\t915\t155\t915\n", "q10k_tbl_19": "\tThree Months Ended September 30 2020\tNine Months Ended September 30 2020\n\tTheater Operators\tTheater Operators\nBeginning balance\t863\t0\nCurrent period provision\t790\t1653\nWrite-offs\t0\t0\nRecoveries\t0\t0\nForeign Exchange\t6\t6\nEnding balance\t1659\t1659\n", "q10k_tbl_20": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\nOperating lease cost (1)\t133\t102\t392\t565\nAmortization of lease assets\t706\t667\t2155\t1863\nInterest on lease liabilities\t258\t265\t765\t807\nTotal lease cost\t1097\t1034\t3312\t3235\n", "q10k_tbl_21": "\tNine Months Ended\t\n\tSeptember 30\t\n\t2020\t2019\nCash paid for amounts included in the measurement of lease liabilities\t2721\t2732\nRight-of-use assets obtained in exchange for lease obligations\t297\t17879\n", "q10k_tbl_22": "\tSeptember 30\tDecember 31\n\t2020\t2019\nAssets\t\t\nRight-of-Use Assets Property plant and equipment\t14480\t16262\nLiabilities\t\t\nOperating Leases Accrued and other liabilities\t17156\t18677\n", "q10k_tbl_23": "\tSeptember 30\tDecember 31\n\t2020\t2019\nWeighted-average remaining lease term (years)\t7.7\t8.1\nWeighted-average discount rate\t5.90%\t5.90%\n", "q10k_tbl_24": "\tOperating Leases\n2020 (three months remaining)\t865\n2021\t3372\n2022\t2847\n2023\t2260\n2024\t2212\nThereafter\t10137\nTotal lease payments\t21693\nLess: interest expense\t(4537)\nPresent value of operating lease liabilities\t17156\n", "q10k_tbl_25": "\tSeptember 30\tDecember 31\n\t2020\t2019\nRaw materials\t34181\t26538\nWork-in-process\t4044\t4608\nFinished goods\t14796\t11843\n\t53021\t42989\n", "q10k_tbl_26": "\tSeptember 30\tDecember 31\n\t2020\t2019\nCredit Facility\t300000\t20000\nWorking Capital Facility\t253\t0\nUnamortized debt issuance costs\t(2268)\t(1771)\n\t297985\t18229\n", "q10k_tbl_27": "Nine Months Ended\t\t\t\t\nSeptember 30\t\t\t\t\n\t2020\t\t2019\t\nDecrease (increase) in:\t\t\t\t\nFinancing receivables $(3212\t\t)\t6184\t\nPrepaid expenses\t(1332)\t\t\t(1163)\nVariable consideration receivable\t(1007)\t\t\t(1096)\nOther assets\t(3712)\t\t\t(4298)\nIncrease (decrease) in:\t\t\t\t\nAccounts payable\t(8320)\t\t\t(8001)\nAccrued and other liabilities\t(6526)\t\t\t(9504)\n(24109\t\t)\t(17878\t)\n", "q10k_tbl_28": "Nine Months Ended\t\t\t\nSeptember 30\t\t\t\n\t2020\t2019\t\nFilm assets $6159\t\t13015\t\nProperty plant and equipment:\t\t\t\nJoint revenue sharing arrangements\t19247\t\t17179\nOther property plant and equipment\t8478\t\t9100\nOther intangible assets\t4882\t\t4568\nOther assets\t1933\t\t1262\nDeferred financing costs\t595\t\t376\n41294\t\t45500\t\n", "q10k_tbl_29": "Nine Months Ended\t\t\t\nSeptember 30\t\t\t\n\t2020\t2019\t\nFilm assets(1) $10211\t\t179\t\nOther assets(2)\t1151\t\t0\nProperty plant and equipment\t\t\t\nJoint revenue sharing arrangements(3)\t1050\t\t748\nOther property plant and equipment\t66\t\t78\nInventories(4)\t729\t\t0\nOther intangible assets\t132\t\t22\n13339\t\t1027\t\n", "q10k_tbl_30": "Nine Months Ended\t\t\t\t\nSeptember 30\t\t\t\t\n\t2020\t\t2019\t\nNet (decrease) increase in accruals related to:\t\t\t\t\nInvestment in joint revenue sharing arrangements $(1897\t\t)\t2040\t\nAcquisition of other intangible assets\t69\t\t\t6\nPurchases of property plant and equipment\t158\t\t\t(432)\n(1670\t\t)\t1614\t\n", "q10k_tbl_31": "Three Months Ended\t\t\tNine Months Ended\t\t\n\tSeptember 30\t\tSeptember 30\t\t\n\t2020\t2019\t2020\t2019\t\nUnrealized change in cash flow hedging instruments\t(160)\t(84)\t235\t(266)\t\nRealized change in cash flow hedging instruments upon settlement\t(29)\t138\t(211)\t\t42\nUnrecognized actuarial gain on defined benefit plan\t0\t0\t40\t\t0\n\t(189)\t54\t64\t(224)\t\n", "q10k_tbl_32": "\tThree Months Ended\t\t\t\tNine Months Ended\t\t\t\n\tSeptember 30\t\t\t\tSeptember 30\t\t\t\n\t2020\t\t2019\t\t2020\t\t2019\t\nCost and expenses applicable to revenues\t130\t\t448\t\t530\t\t1268\t\nSelling general and administrative expenses\t\t5151\t\t4983\t\t15325\t\t15371\nResearch and development\t\t29\t\t96\t\t114\t\t277\n\t5310\t\t5527\t\t15969\t\t16916\t\n", "q10k_tbl_33": "\tThree Months Ended\t\t\t\tNine Months Ended\t\t\t\n\tSeptember 30\t\t\t\tSeptember 30\t\t\t\n\t2020\t\t2019\t\t2020\t\t2019\t\nStock Options\t433\t\t2145\t\t1449\t\t6228\t\nRestricted Share Units\t\t3430\t\t2933\t\t10866\t\t9175\nPerformance Stock Units\t\t483\t\t0\t\t1229\t\t0\nIMAX China Stock Options\t\t600\t\t86\t\t701\t\t230\nIMAX China Long Term Incentive Plan Restricted Share Units\t\t332\t\t363\t\t1645\t\t1283\nIMAX China Long Term Incentive Plan Performance Stock Units\t\t32\t\t0\t\t79\t\t0\n\t5310\t\t5527\t\t15969\t\t16916\t\n", "q10k_tbl_34": "\tNumber of Shares\t\tWeighted Average Exercise Price Per Share\t\t\t\n\t2020\t2019\t2020\t\t2019\t\nStock options outstanding beginning of period\t5732209\t5465046\t26.82\t\t27.63\t\nGranted\t0\t1016882\t\t0\t\t20.66\nExercised\t0\t(86337)\t\t0\t\t20.15\nForfeited\t(23633)\t(329346)\t\t22.35\t\t23.60\nExpired\t(772665)\t(299134)\t\t27.03\t\t25.82\nCancelled\t(18483)\t(26281)\t\t27.97\t\t31.08\nStock options outstanding end of period\t4917428\t5740830\t\t26.80\t\t26.82\nStock options exercisable end of period\t4315484\t4511208\t\t27.32\t\t27.76\n", "q10k_tbl_35": "\tNumber of Awards\t\tWeighted Average Grant Date Fair Value Per Share\t\t\t\n\t2020\t2019\t2020\t\t2019\t\nRSUs outstanding beginning of period\t1065347\t1033871\t23.17\t\t25.70\t\nGranted\t1050385\t649389\t\t15.35\t\t22.33\nVested and settled\t(386451)\t(367020)\t\t21.59\t\t26.66\nForfeited\t(54933)\t(206593)\t\t19.70\t\t23.77\nRSUs outstanding end of period\t1674348\t1109647\t\t18.75\t\t23.77\n", "q10k_tbl_36": "\tNumber of Awards\t\tWeighted Average Grant Date Fair Value Per Share\t\t\t\n\t2020\t2019\t2020\t\t2019\t\nGranted\t370265\t0\t15.66\t\t0\t\nForfeited\t(2526)\t0\t\t14.84\t\t0\nPSUs outstanding end of period\t367739\t0\t\t15.67\t\t0\n", "q10k_tbl_37": "Three Months Ended\t\t\t\tNine Months Ended\t\t\t\nSeptember 30\t\t\t\tSeptember 30\t\t\t\n2020\t\t2019\t\t2020\t\t2019\t\nWeighted average number of common shares (000's):\t\t\t\t\t\t\t\nIssued and outstanding beginning of period\t58857\t\t61331\t\t61176\t\t61434\nWeighted average number of shares repurchased net of shares issued during the period\t2\t\t(27)\t\t(1816)\t\t(97)\nWeighted average number of shares used in computing basic income per share\t58859\t\t61304\t\t59360\t\t61337\nAssumed exercise of stock options RSUs and PSUs net of shares assumed repurchased if dilutive\t0\t\t175\t\t0\t\t172\nWeighted average number of shares used in computing diluted income per share\t58859\t\t61479\t\t59360\t\t61509\n", "q10k_tbl_38": "\tThree Months Ended September 30 2020\t\t\t\t\t\t\t\t\t\n\tRevenue from\t\t\t\t\t\t\t\t\t\n\tContracts with Customers\t\t\t\tRevenue from\t\t\t\t\t\n\tFixed Consideration\t\tVariable Consideration\t\tLease Arrangements\t\tFinance Income\t\tTotal\t\nTechnology sales\t\t\t\t\t\t\t\t\t\t\nIMAX Systems\t13515\t\t1481\t\t$\t0\t0\t\t14996\t\nJoint Revenue Sharing Arrangements fixed fees\t\t0\t\t0\t\t57\t\t0\t\t57\nOther Theater Business\t\t307\t\t0\t\t0\t\t0\t\t307\nOther sales(1)\t\t378\t\t15\t\t0\t\t0\t\t393\nSub-total\t\t14200\t\t1496\t\t57\t\t0\t\t15753\nImage enhancement and maintenance services\t\t\t\t\t\t\t\t\t\t\nIMAX DMR\t\t0\t\t6886\t\t0\t\t0\t\t6886\nIMAX Maintenance\t\t5855\t\t0\t\t0\t\t0\t\t5855\nFilm Post-Production\t\t739\t\t0\t\t0\t\t0\t\t739\nFilm Distribution\t\t750\t\t376\t\t0\t\t0\t\t1126\nOther\t\t0\t\t(17)\t\t0\t\t0\t\t(17)\nSub-total\t\t7344\t\t7245\t\t0\t\t0\t\t14589\nTechnology rentals\t\t\t\t\t\t\t\t\t\t\nJoint Revenue Sharing Arrangements contingent rent\t\t0\t\t0\t\t4473\t\t0\t\t4473\nSub-total\t\t0\t\t0\t\t4473\t\t0\t\t4473\nFinance income\t\t\t\t\t\t\t\t\t\t\nIMAX Systems\t\t0\t\t0\t\t0\t\t2441\t\t2441\nTotal\t21544\t\t8741\t\t$\t4530\t2441\t\t37256\t\n", "q10k_tbl_39": "\tNine Months Ended September 30 2020\t\t\t\t\t\t\t\t\t\n\tRevenue from\t\t\t\t\t\t\t\t\t\n\tContracts with Customers\t\t\t\tRevenue from\t\t\t\t\t\n\tFixed consideration\t\tVariable consideration\t\tLease Arrangements\t\tFinance Income\t\tTotal\t\nTechnology sales\t\t\t\t\t\t\t\t\t\t\nIMAX Systems\t17036\t\t3143\t\t$\t0\t0\t\t20179\t\nJoint Revenue Sharing Arrangements fixed fees\t\t0\t\t0\t\t1196\t\t0\t\t1196\nOther Theater Business\t\t1261\t\t0\t\t0\t\t0\t\t1261\nOther sales(1)\t\t1361\t\t105\t\t0\t\t0\t\t1466\nSub-total\t\t19658\t\t3248\t\t1196\t\t0\t\t24102\nImage enhancement and maintenance services\t\t\t\t\t\t\t\t\t\t\nIMAX DMR\t\t0\t\t18061\t\t0\t\t0\t\t18061\nIMAX Maintenance\t\t13225\t\t0\t\t0\t\t0\t\t13225\nFilm Post-Production\t\t3088\t\t0\t\t0\t\t0\t\t3088\nFilm Distribution\t\t3000\t\t1453\t\t0\t\t0\t\t4453\nOther\t\t0\t\t282\t\t0\t\t0\t\t282\nSub-total\t\t19313\t\t19796\t\t0\t\t0\t\t39109\nTechnology rentals\t\t\t\t\t\t\t\t\t\t\nJoint Revenue Sharing Arrangements contingent rent\t\t0\t\t0\t\t10307\t\t0\t\t10307\nSub-total\t\t0\t\t0\t\t10307\t\t0\t\t10307\nFinance income\t\t\t\t\t\t\t\t\t\t\nIMAX Systems\t\t0\t\t0\t\t0\t\t7495\t\t7495\nTotal\t38971\t\t23044\t\t$\t11503\t7495\t\t81013\t\n", "q10k_tbl_40": "\tThree Months Ended September 30 2019\t\t\t\t\t\t\t\t\t\n\tRevenue from\t\t\t\t\t\t\t\t\t\n\tContracts with Customers\t\t\t\tRevenue from\t\t\t\t\t\n\tFixed Consideration\t\tVariable Consideration\t\tLease Arrangements\t\tFinance Income\t\tTotal\t\nTechnology sales\t\t\t\t\t\t\t\t\t\t\nIMAX Systems\t15552\t\t2580\t\t$\t0\t0\t\t18132\t\nJoint Revenue Sharing Arrangements fixed fees\t\t0\t\t0\t\t1438\t\t0\t\t1438\nOther Theater Business\t\t1560\t\t0\t\t0\t\t0\t\t1560\nOther sales(1)\t\t575\t\t30\t\t0\t\t0\t\t605\nSub-total\t\t17687\t\t2610\t\t1438\t\t0\t\t21735\nImage enhancement and maintenance services\t\t\t\t\t\t\t\t\t\t\nIMAX DMR\t\t0\t\t26665\t\t0\t\t0\t\t26665\nIMAX Maintenance\t\t13657\t\t0\t\t0\t\t0\t\t13657\nFilm Post-production\t\t2185\t\t0\t\t0\t\t0\t\t2185\nFilm Distribution\t\t0\t\t1343\t\t0\t\t0\t\t1343\nOther\t\t\t\t318\t\t0\t\t0\t\t318\nSub-total\t\t15842\t\t28326\t\t0\t\t0\t\t44168\nTechnology rentals\t\t\t\t\t\t\t\t\t\t\nJoint Revenue Sharing Arrangements contingent rent\t\t0\t\t0\t\t16605\t\t0\t\t16605\nOther\t\t0\t\t0\t\t1037\t\t0\t\t1037\nSub-total\t\t0\t\t0\t\t17642\t\t0\t\t17642\nFinance income\t\t\t\t\t\t\t\t\t\t\nIMAX Systems\t\t0\t\t0\t\t0\t\t2845\t\t2845\nTotal\t33529\t\t30936\t\t$\t19080\t2845\t\t86390\t\n", "q10k_tbl_41": "\tNine Months Ended September 30 2019\t\t\t\t\t\t\t\t\t\n\tRevenue from\t\t\t\t\t\t\t\t\t\n\tContracts with Customers\t\t\t\tRevenue from\t\t\t\t\t\n\tFixed consideration\t\tVariable consideration\t\tLease Arrangements\t\tFinance Income\t\tTotal\t\nTechnology sales\t\t\t\t\t\t\t\t\t\t\nIMAX Systems\t36790\t\t5610\t\t$\t0\t0\t\t42400\t\nJoint Revenue Sharing Arrangements fixed fees\t\t0\t\t0\t\t6525\t\t0\t\t6525\nOther Theater Business\t\t5766\t\t0\t\t0\t\t0\t\t5766\nOther sales(1)\t\t1763\t\t175\t\t0\t\t0\t\t1938\nSub-total\t\t44319\t\t5785\t\t6525\t\t0\t\t56629\nImage enhancement and maintenance services\t\t\t\t\t\t\t\t\t\t\nIMAX DMR\t\t0\t\t93908\t\t0\t\t0\t\t93908\nIMAX Maintenance\t\t39815\t\t0\t\t0\t\t0\t\t39815\nFilm Post-production\t\t6458\t\t0\t\t0\t\t0\t\t6458\nFilm Distribution\t\t0\t\t3333\t\t0\t\t0\t\t3333\nOther\t\t\t\t1463\t\t0\t\t0\t\t1463\nSub-total\t\t46273\t\t98704\t\t0\t\t0\t\t144977\nTechnology rentals\t\t\t\t\t\t\t\t\t\t\nJoint Revenue Sharing Arrangements contingent rent\t\t0\t\t0\t\t60189\t\t0\t\t60189\nOther\t\t0\t\t26\t\t1460\t\t0\t\t1486\nSub-total\t\t0\t\t26\t\t61649\t\t0\t\t61675\nFinance income\t\t\t\t\t\t\t\t\t\t\nIMAX Systems\t\t0\t\t0\t\t0\t\t8104\t\t8104\nTotal\t90592\t\t104515\t\t$\t68174\t8104\t\t271385\t\n", "q10k_tbl_42": "\tRevenue\t\tGross Margin (Margin Loss) (3)\t\n\t2020\t2019\t2020\t2019\nIMAX Technology Network\t\t\t\t\nIMAX DMR\t6886\t26665\t3079\t17866\nJoint revenue sharing arrangements contingent rent\t4473\t16605\t(2491)\t9524\n\t11359\t43270\t588\t27390\nIMAX Technology Sales and Maintenance\t\t\t\t\nIMAX Systems (1)\t17437\t20977\t8671\t11652\nJoint revenue sharing arrangements fixed fees\t57\t1438\t(117)\t136\nIMAX Maintenance\t5855\t13657\t794\t6125\nOther Theater Business (2)\t307\t1560\t31\t505\n\t23656\t37632\t9379\t18418\nNew Business Initiatives\t378\t596\t372\t541\nFilm Distribution and Post-production\t\t\t\t\nFilm Distribution(4)\t1126\t1343\t(5597)\t(760)\nPost-production\t739\t2185\t(464)\t810\n\t1865\t3528\t(6061)\t50\nSub-total\t37258\t85026\t4278\t46399\nOther\t(2)\t1364\t(449)\t721\nTotal\t37256\t86390\t3829\t47120\n", "q10k_tbl_43": "\tRevenue\t\tGross Margin (Margin Loss) (3)\t\n\t2020\t2019\t2020\t2019\nIMAX Technology Network\t\t\t\t\nIMAX DMR\t18061\t93908\t7492\t61602\nJoint revenue sharing arrangements contingent rent\t10307\t60189\t(10610)\t40777\n\t28368\t154097\t(3118)\t102379\nIMAX Technology Sales and Maintenance\t\t\t\t\nIMAX Systems (1)\t27674\t50504\t14497\t26723\nJoint revenue sharing arrangements fixed fees\t1196\t6525\t110\t1301\nIMAX Maintenance\t13225\t39815\t(355)\t17046\nOther Theater Business (2)\t1261\t5766\t77\t1821\n\t43356\t102610\t14329\t46891\nNew Business Initiatives\t1488\t1908\t1245\t1441\nFilm Distribution and Post-production\t\t\t\t\nFilm Distribution(4)\t4453\t3333\t(9296)\t(1093)\nPost-production\t3088\t6458\t(96)\t1576\n\t7541\t9791\t(9392)\t483\nSub-total\t80753\t268406\t3064\t151194\nOther\t260\t2979\t(1837)\t619\nTotal\t81013\t271385\t1227\t151813\n", "q10k_tbl_44": "\tThree Months Ended\t\tNine Months Ended\t\t\t\n\tSeptember 30\t\tSeptember 30\t\t\t\n\t2020\t2019\t2020\t\t2019\t\nRevenue\t\t\t\t\t\t\nGreater China\t19346\t26557\t26008\t\t85813\t\nWestern Europe\t5085\t8433\t\t10273\t\t28809\nAsia (excluding China)\t4935\t13534\t\t12663\t\t32287\nUnited States\t4335\t24316\t\t21112\t\t84553\nLatin America\t1616\t2912\t\t3251\t\t7725\nRussia & the CIS\t738\t2909\t\t2962\t\t10216\nCanada\t384\t1993\t\t1327\t\t6485\nRest of the World\t817\t5736\t\t3417\t\t15497\nTotal\t37256\t86390\t81013\t\t271385\t\n", "q10k_tbl_45": "\tSeptember 30\tDecember 31\n\t2020\t2019\nProjected benefit obligation:\t\t\nObligation beginning of period\t18840\t17977\nPrior Service cost\t0\t456\nInterest cost\t284\t564\nActuarial gain\t0\t(157)\nObligation end of period and unfunded status\t19124\t18840\n", "q10k_tbl_46": "\tAs at September 30 2020\t\tAs at December 31 2019\t\n\tCarrying Amount\tEstimated Fair Value\tCarrying Amount\tEstimated Fair Value\nLevel 1\t\t\t\t\nCash and cash equivalents(1)\t305197\t305197\t109484\t109484\nEquity securities(3)\t14803\t14803\t15685\t15685\nLevel 2\t\t\t\t\nNet financed sales receivables(2)\t109645\t110443\t112432\t111441\nNet investment in sales-type leases(2)\t17095\t16829\t15606\t15309\nConvertible loan receivable(2)\t0\t0\t1500\t1500\nEquity securities(1)\t1000\t1000\t1000\t1000\nCOLI(4)\t3125\t3125\t3150\t3150\nForeign exchange contracts - designated forwards(3)\t380\t380\t530\t530\nForeign exchange contracts - non-designated forwards(3)\t102\t102\t0\t0\nBank indebtedness - under the Working Capital Facility(1)\t(253)\t(253)\t0\t0\nBank indebtedness - under the Credit Facility(1)\t(300000)\t(300000)\t(20000)\t(20000)\n", "q10k_tbl_47": "\tSeptember 30\tDecember 31\n\t2020\t2019\nDerivatives designated as hedging instruments:\t\t\nForeign exchange contracts - Forwards\t36659\t36052\nDerivatives not designated as hedging instruments:\t\t\nForeign exchange contracts - Forwards\t3579\t0\n\t40238\t36052\n", "q10k_tbl_48": "\t\tSeptember 30\tDecember 31\n\tBalance Sheet Location\t2020\t2019\nDerivatives designated as hedging instruments:\t\t\t\nForeign exchange contracts - Forwards\tOther assets\t465\t602\n\tAccrued and other liabilities\t(85)\t(72)\nDerivatives not designated as hedging instruments:\t\t\t\nForeign exchange contracts - Forwards\tOther assets\t107\t0\n\tAccrued and other liabilities\t(5)\t0\n\t\t482\t530\n", "q10k_tbl_49": "\t\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t\t2020\t2019\t2020\t2019\nForeign exchange contracts\tDerivative Gain (Loss)\t\t\t\t\n- Forwards\tRecognized in OCI\t\t\t\t\n\t(Effective Portion)\t591\t(527)\t(935)\t(162)\n\tLocation of Derivative Loss\t\t\t\t\n\tReclassified from AOCI\tThree Months Ended September 30\t\tNine months ended September 30\t\n\t(Effective Portion)\t2020\t2019\t2020\t2019\nForeign exchange contracts\tSelling general and\t\t\t\t\n- Forwards\tadministrative expenses\t(110)\t(322)\t(779)\t(983)\n\tProperty plant and equipment\t0\t0\t0\t(32)\n\tInventory\t0\t0\t(26)\t0\n\t\t(110)\t(322)\t(805)\t(1015)\n", "q10k_tbl_50": "\t\tThree Months Ended September 30\t\tNine months ended September 30\t\n\t\t2020\t2019\t2020\t2019\nForeign exchange contracts\tDerivative Gain (Loss) Recognized In\t\t\t\t\n- Forwards\tand Out of OCI\t0\t2\t(55)\t2\n", "q10k_tbl_51": "\t\tThree Months Ended September 30\t\tNine months ended September 30\t\n\tLocation of Derivative Gain\t2020\t2019\t2020\t2019\nForeign exchange contracts\tSelling general and\t\t\t\t\n- Forwards\tadministrative expenses\t75\t0\t102\t0\n\t\t75\t0\t102\t0\n", "q10k_tbl_52": "Balance as at December 31 2019\t5908\nNet loss\t(5132)\nBalance as at September 30 2020\t776\n", "q10k_tbl_53": "\tSeptember 30 2020\t\t\t\tSeptember 30 2019\t\t\t\n\tCommercial Multiplex\tCommercial Destination\tInstitutional\tTotal\tCommercial Multiplex\tCommercial Destination\tInstitutional\tTotal\nUnited States\t371\t4\t30\t405\t369\t4\t33\t406\nCanada\t39\t2\t7\t48\t39\t2\t7\t48\nGreater China(1)\t710\t0\t16\t726\t666\t0\t15\t681\nWestern Europe\t115\t4\t9\t128\t107\t4\t10\t121\nAsia (excluding Greater China)\t123\t2\t2\t127\t115\t2\t2\t119\nRussia & the CIS\t68\t0\t0\t68\t65\t0\t0\t65\nLatin America(2)\t51\t1\t11\t63\t49\t1\t12\t62\nRest of the World\t65\t0\t2\t67\t63\t1\t2\t66\nTotal\t1542\t13\t77\t1632\t1473\t14\t81\t1568\n", "q10k_tbl_54": "\tSeptember 30 2020\t\t\t\n\tCommercial Multiplex Theaters in IMAX Network\t\t\t\n\tTraditional JRSA\tHybrid JRSA\tSale / Sales- type Lease\tTotal\nDomestic Total (United States & Canada)\t279\t5\t126\t410\nInternational:\t\t\t\t\nGreater China\t365\t105\t240\t710\nAsia (excluding Greater China)\t33\t2\t88\t123\nWestern Europe\t48\t27\t40\t115\nRussia & the CIS\t0\t0\t68\t68\nLatin America\t2\t0\t49\t51\nRest of the World\t15\t0\t50\t65\nInternational Total\t463\t134\t535\t1132\nWorldwide Total(1)\t742\t139\t661\t1542\n\tSeptember 30 2019\t\t\t\n\tCommercial Multiplex Theaters in IMAX Network\t\t\t\n\tTraditional JRSA\tHybrid JRSA\tSale / Sales- type Lease\tTotal\nDomestic Total (United States & Canada)\t276\t5\t127\t408\nInternational:\t\t\t\t\nGreater China\t339\t103\t224\t666\nAsia (excluding Greater China)\t34\t1\t80\t115\nWestern Europe\t42\t26\t39\t107\nRussia & the CIS\t0\t0\t65\t65\nLatin America\t1\t0\t48\t49\nRest of the World\t14\t0\t49\t63\nInternational Total\t430\t130\t505\t1065\nWorldwide Total(1)\t706\t135\t632\t1473\n", "q10k_tbl_55": "\tSeptember 30 2020\t\t\t\t\t\t\t\tSeptember 30 2019\t\t\t\t\t\t\t\n\tNumber of\t\t\t\tDollar Value\t\t\t\tNumber of\t\t\t\tDollar Value\t\t\t\n\tSystems\t\t\t\t(in thousands)\t\t\t\tSystems\t\t\t\t(in thousands)\t\t\t\n\tNew\t\tUpgrade\t\tNew\t\tUpgrade\t\tNew\t\tUpgrade\t\tNew\t\tUpgrade\t\nSales and sales-type lease arrangements\t184\t\t9\t\t212623\t\t11418\t\t186\t\t19\t\t223834\t\t23692\t\nHybrid JRSA\t139\t\t7\t\t98398\t\t5560\t\t140\t\t9\t\t101295\t\t7110\t\nTraditional JRSA\t125\t(1)\t81\t(1)\t300\t(2)\t5500\t(2)\t156\t(1)\t97\t(1)\t400\t(2)\t7000\t(2)\n\t448\t\t97\t\t311321\t\t22478\t\t482\t\t125\t\t325529\t\t37802\t\n", "q10k_tbl_56": "\tSeptember 30 2020\t\t\t\t\n\tIMAX Theater System Backlog\t\t\t\t\n\tTraditional JRSA\tHybrid JRSA\tSale / Lease\tTotal\t\nDomestic Total (United States & Canada)\t123\t3\t10\t136\t\nInternational:\t\t\t\t\t\nGreater China\t59\t113\t86\t258\t\nAsia (excluding Greater China)\t5\t15\t30\t50\t\nWestern Europe\t12\t13\t6\t31\t\nRussia & the CIS\t0\t1\t15\t16\t\nLatin America\t3\t0\t9\t12\t\nRest of the World\t4\t1\t37\t42\t\nInternational Total\t83\t143\t183\t409\t\nWorldwide Total\t206\t146\t193\t545\t(1)\n\tSeptember 30 2019\t\t\t\t\n\tIMAX Theater System Backlog\t\t\t\t\n\tTraditional JRSA\tHybrid JRSA\tSale / Lease\tTotal\t\nDomestic Total (United States & Canada)\t143\t3\t17\t163\t\nInternational:\t\t\t\t\t\nGreater China\t76\t130\t80\t286\t\nAsia (excluding Greater China)\t12\t0\t42\t54\t\nWestern Europe\t16\t16\t10\t42\t\nRussia & the CIS\t0\t0\t14\t14\t\nLatin America\t1\t0\t9\t10\t\nRest of the World\t5\t0\t33\t38\t\nInternational Total\t110\t146\t188\t444\t\nWorldwide Total\t253\t149\t205\t607\t(2)\n", "q10k_tbl_57": "For the Three Months Ended\t\t\t\tFor the Nine Months Ended\t\t\t\nSeptember 30\t\t\t\tSeptember 30\t\t\t\n2020\t\t2019\t\t2020\t\t2019\t\nTheater System Signings:\t\t\t\t\t\t\t\nNew IMAX Theater Systems\t\t\t\t\t\t\t\nSales and sales-type lease arrangements\t8\t\t22\t\t22\t\t38\nHybrid joint revenue sharing lease arrangements\t0\t\t0\t\t17\t\t48\nTraditional joint revenue sharing arrangements\t0\t\t0\t\t2\t\t4\nTotal new IMAX Theater Systems\t8\t\t22\t\t41\t\t90\nUpgrades of IMAX Theater Systems\t2\t\t8\t\t13\t\t36\nTotal IMAX Theater System signings\t10\t\t30\t\t54\t\t126\nFor the Three Months Ended\t\t\t\tFor the Nine Months Ended\t\t\t\nSeptember 30\t\t\t\tSeptember 30\t\t\t\n2020\t\t2019\t\t2020\t\t2019\t\nTheater System Installations:\t\t\t\t\t\t\t\nNew IMAX Theater Systems\t\t\t\t\t\t\t\nSales and sales-type lease arrangements\t9\t\t14\t\t13\t\t29\nHybrid joint revenue sharing lease arrangements\t1\t\t4\t\t3\t\t13\nTraditional joint revenue sharing arrangements\t8\t\t12\t\t10\t\t29\nTotal new IMAX Theater Systems\t18\t\t30\t\t26\t\t71\nUpgrades of IMAX Theater Systems\t5\t\t9\t\t12\t\t20\nTotal IMAX Theater System installations\t23\t\t39\t\t38\t\t91\n", "q10k_tbl_58": "(In thousands of U.S. dollars)\tRevenue\t\tGross Margin (Margin Loss)\t\n\t2020\t2019\t2020\t2019\nIMAX Technology Network\t\t\t\t\nIMAX DMR\t6886\t26665\t3079\t17866\nJoint revenue sharing arrangements contingent rent\t4473\t16605\t(2491)\t9524\n\t11359\t43270\t588\t27390\nIMAX Technology Sales and Maintenance\t\t\t\t\nIMAX Systems (1)\t17437\t20977\t8671\t11652\nJoint revenue sharing arrangements fixed fees\t57\t1438\t(117)\t136\nIMAX Maintenance\t5855\t13657\t794\t6125\nOther Theater Business (2)\t307\t1560\t31\t505\n\t23656\t37632\t9379\t18418\nNew Business Initiatives\t378\t596\t372\t541\nFilm Distribution and Post-production\t1865\t3528\t(6061)\t50\nSub-total\t37258\t85026\t4278\t46399\nOther\t(2)\t1364\t(449)\t721\nTotal\t37256\t86390\t3829\t47120\n", "q10k_tbl_59": "\tFor the Three Months Ended September 30\t\t\t\n\t2020\t\t2019\t\n\tNumber of Systems\tRevenue\tNumber of Systems\tRevenue\nNew IMAX Theater Systems - installed and recognized\t\t\t\t\nSales and sales-types lease arrangements(1)\t9\t9721\t14\t17282\nJoint revenue sharing arrangements - hybrid(2)\t1\t57\t4\t1544\nTotal new IMAX Theater Systems\t10\t9778\t18\t18826\nIMAX theater system upgrades - installed and recognized\t\t\t\t\nSales and sales-types lease arrangements\t3\t4811\t0\t0\nTotal IMAX Theater Systems installed and recognized\t13\t14589\t18\t18826\n", "q10k_tbl_60": "(In thousands of U.S. dollars)\tRevenue\t\tGross Margin (Margin Loss)\t\n\t2020\t2019\t2020\t2019\nIMAX Technology Network\t\t\t\t\nIMAX DMR\t18061\t93908\t7492\t61602\nJoint revenue sharing arrangements contingent rent\t10307\t60189\t(10610)\t40777\n\t28368\t154097\t(3118)\t102379\nIMAX Technology Sales and Maintenance\t\t\t\t\nIMAX Systems (1)\t27674\t50504\t14497\t26723\nJoint revenue sharing arrangements fixed fees\t1196\t6525\t110\t1301\nIMAX Maintenance\t13225\t39815\t(355)\t17046\nOther Theater Business (2)\t1261\t5766\t77\t1821\n\t43356\t102610\t14329\t46891\nNew Business Initiatives\t1488\t1908\t1245\t1441\nFilm Distribution and Post-production\t7541\t9791\t(9392)\t483\nSub-total\t80753\t268406\t3064\t151194\nOther\t260\t2979\t(1837)\t619\nTotal\t81013\t271385\t1227\t151813\n", "q10k_tbl_61": "\tFor the Nine Months Ended September 30\t\t\t\n\t2020\t\t2019\t\n\tNumber of Systems\tRevenue\tNumber of Systems\tRevenue\nNew IMAX Theater Systems - installed and recognized\t\t\t\t\nSales and sales-types lease arrangements(1)\t13\t13452\t29\t37224\nJoint revenue sharing arrangements - hybrid(2)\t3\t1183\t13\t6608\nTotal new IMAX Theater Systems\t16\t14635\t42\t43832\nIMAX theater system upgrades - installed and recognized\t\t\t\t\nSales and sales-types lease arrangements\t3\t4811\t2\t2028\nTotal IMAX Theater Systems installed and recognized\t19\t19446\t44\t45860\n", "q10k_tbl_62": "\tPayments Due by Period\t\t\t\t\n(In thousands of U.S. Dollars)\tTotal Obligation\tLess Than One Year\t1 to 3 years\t3 to 5 years\tThereafter\nPurchase obligations(1)\t35758\t34988\t758\t0\t12\nPension obligations(2)\t20298\t0\t20298\t0\t0\nOperating lease obligations(3)\t19890\t2985\t4734\t3805\t8366\nCredit Facility(4)\t300000\t0\t300000\t0\t0\nWorking Capital Facility\t253\t253\t0\t0\t0\nPostretirement benefits obligations\t2170\t105\t221\t241\t1603\n\t378369\t38331\t326011\t4046\t9981\n", "q10k_tbl_63": "\tThree Months Ended\t\tThree Months Ended\t\n\tSeptember 30 2020\t\tSeptember 30 2019\t\n(In thousands of U.S. dollars except per share amounts)\tNet Loss\tDiluted EPS\tNet Income\tDiluted EPS\nReported net (loss) income attributable to common shareholders\t(47209)\t(0.80)\t9033\t0.15\nAdjustments(1):\t\t\t\t\nShare-based compensation\t5019\t0.09\t5390\t0.09\n(Gain) loss in fair value of investments\t(1091)\t(0.02)\t341\t0\nCOVID-19 government relief benefits\t(2084)\t(0.03)\t0\t0\nTax impact on items listed above(2)\t611\t0.01\t(1953)\t(0.03)\nIncome tax effects related to the removal of the indefinitely reinvested assertion on the historical earnings of certain subsidiaries\t129\t0\t0\t0\nAdjusted net (loss) income(1)\t(44625)\t(0.75)\t12811\t0.21\nWeighted average basic shares outstanding\t\t58859\t\t61304\nWeighted average diluted shares outstanding\t\t58859\t\t61479\n", "q10k_tbl_64": "Nine Months Ended\t\t\tNine Months Ended\t\n\tSeptember 30 2020\t\tSeptember 30 2019\t\n(In thousands of U.S. dollars except per share amounts)\tNet Loss\tDiluted EPS\tNet Income\tDiluted EPS\nReported net (loss) income attributable to common shareholders\t(122530)\t(2.06)\t28695\t0.47\nAdjustments(1):\t\t\t\t\nShare-based compensation\t15262\t0.26\t16466\t0.26\nExit costs restructuring charges and associated impairments\t0\t0\t850\t0.01\nLoss in fair value of investments\t661\t0.01\t1742\t0.03\nCOVID-19 government relief benefits\t(5235)\t(0.08)\t0\t0\nTax impact on items listed above(2)\t(584)\t(0.01)\t(4437)\t(0.07)\nIncome tax effects related to the removal of the indefinitely reinvested assertion on the historical earnings of certain subsidiaries\t13014\t0.21\t0\t0\nAdjusted net (loss) income(1)\t(99412)\t(1.67)\t43316\t0.70\nWeighted average basic shares outstanding\t\t59360\t\t61337\nWeighted average diluted shares outstanding\t\t59360\t\t61509\n", "q10k_tbl_65": "\tFor the Three Months Ended September 30 2020 (1)\t\t\t\t\t\n\tAttributable to\t\t\t\t\t\n\tNon-controlling\t\t\t\t\t\n\tInterests and\t\tLess: Attributable to\t\tAttributable to\t\n\tCommon Shareholders\t\tNon-controlling Interests\t\tCommon Shareholders\t\n(In thousands of U.S. Dollars)\t\t\t\t\t\t\nReported net loss\t(48484\t)\t(1275\t)\t(47209\t)\nAdd (subtract):\t\t\t\t\t\t\nIncome tax expense (benefit)\t\t19349\t\t(503)\t\t19852\nInterest expense net of interest income\t\t1509\t\t(81)\t\t1590\nDepreciation and amortization including film asset amortization\t\t14112\t\t1182\t\t12930\nEBITDA\t(13514\t)\t(677\t)\t(12837\t)\nShare-based and other non-cash compensation\t\t5495\t\t292\t\t5203\nGain in fair value of investments\t\t(1575)\t\t(484)\t\t(1091)\nWrite-downs including asset impairments and credit loss expense\t\t10458\t\t3324\t\t7134\nLoss from equity accounted investments\t\t1329\t\t0\t\t1329\nAdjusted EBITDA per Credit Facility\t2193\t\t2455\t\t(262\t)\n", "q10k_tbl_66": "\tFor the Twelve Months Ended September 30 2020 (1)\t\t\t\t\t\n\tAttributable to\t\t\t\t\t\n\tNon-controlling\t\t\t\t\t\n\tInterests and\t\tLess: Attributable to\t\tAttributable to\t\n\tCommon Shareholders\t\tNon-controlling Interests\t\tCommon Shareholders\t\n(In thousands of U.S. Dollars)\t\t\t\t\t\t\nReported net loss\t(116590\t)\t(12231\t)\t(104359\t)\nAdd (subtract):\t\t\t\t\t\t\nIncome tax expense\t\t29388\t\t5549\t\t23839\nInterest expense net of interest income\t\t2564\t\t(388)\t\t2952\nDepreciation and amortization including film asset amortization\t\t59281\t\t4737\t\t54544\nEBITDA\t(25357\t)\t(2333\t)\t(23024\t)\nShare-based and other non-cash compensation\t\t22518\t\t885\t\t21633\nGain in fair value of investments\t\t(1087)\t\t(364)\t\t(723)\nWrite-downs including asset impairments and credit loss expense\t\t32743\t\t8590\t\t24153\nLoss from equity accounted investments\t\t1799\t\t0\t\t1799\nAdjusted EBITDA per Credit Facility\t30616\t\t6778\t\t23838\t\n", "q10k_tbl_67": "Exhibit No.\tDescription\n10.52\tEmployment Memorandum dated September 18 2020 between IMAX Corporation and Mark Welton.\n31.1\tCertification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 dated October 29 2020 by Richard L. Gelfond.\n31.2\tCertification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 dated October 29 2020 by Patrick McClymont.\n32.1\tCertification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 dated October 29 2020 by Richard L. Gelfond.\n32.2\tCertification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 dated October 29 2020 by Patrick McClymont.\n", "q10k_tbl_68": "101.INS\tInline XBRL Instance Document - The instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document.\n101.SCH\tInline XBRL Taxonomy Extension Schema Document\n101.CAL\tInline XBRL Taxonomy Extension Calculation Linkbase Document\n101.DEF\tInline XBRL Taxonomy Extension Definition Linkbase Document\n101.LAB\tInline XBRL Taxonomy Extension Label Linkbase Document\n101.PRE\tInline XBRL Taxonomy Extension Presentation Linkbase Document\n104\tCover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)\n"}{"bs": "q10k_tbl_4", "is": "q10k_tbl_5", "cf": "q10k_tbl_7"}None
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2020
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission File Number 001-35066
IMAX Corporation
(Exact name of registrant as specified in its charter)
Canada
98-0140269
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification Number)
2525 Speakman Drive,
Mississauga, Ontario, CanadaL5K 1B1
(905)403-6500
902 Broadway, Floor 20
New York, New York, USA10010
(212)821-0100
(Address of principal executive offices, zip code, telephone numbers)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Shares, no par value
IMAX
The New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: