XML 67 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment in Marketable Securities - RealD
6 Months Ended
Jun. 30, 2012
Investment in Company Three [Abstract]  
Investment in Marketable Securities - RealD

8. Investment in Marketable Securities—RealD

Under its license agreement with RealD, the Company earned an aggregate of 1,222,780 options to purchase shares of common stock upon installation of a certain number of 3-D systems as outlined in the license agreement. Upon vesting in these options, the Company recorded an investment in RealD with an offset to deferred lease incentive liability. During March 2011, the Company exercised all of its options to purchase shares of common stock in RealD for $0.00667 per share.

The Company accounts for its investment in RealD as a marketable security. The Company has determined that its RealD shares are available-for-sale securities in accordance with ASC Topic 320-10-35-1, therefore unrealized holding gains and losses are reported as a component of accumulated other comprehensive loss until realized.

As of June 30, 2012, the Company owned 1,222,780 shares in RealD, with an estimated fair value of $18,293, which is based on the closing price of RealD’s common stock on June 29, 2012, which falls under Level 1 of the U.S. GAAP fair value hierarchy as defined by ASC Topic 820-10-35. During the six months ended June 30, 2012, the Company recorded an unrealized holding gain of approximately $8,584, before taxes, as a component of accumulated other comprehensive loss on the condensed consolidated balance sheet.