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Pay vs Performance Disclosure - USD ($)
2 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2021
Nov. 13, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]          
Pay vs Performance [Table Text Block]    
Pay Versus Performance

The following table shows the total compensation for our NEOs for the past three fiscal years as set forth in the Summary Compensation Table, the “compensation actually paid” (CAP) to our CEO and, on an average basis, our other NEOs (in each case, as determined under SEC rules), our total shareholder return (TSR), the TSR of the S&P Entertainment Movies & Entertainment Index over the same period, our net income, and our financial performance measure for compensatory purposes, Adjusted EBITDA.
Pay Versus Performance Table
 
 
 
 
 
 
 
Value of initial fixed
$100 investment
based on:
 
 
Year
Summary
Compensation
Table Total for
First CEO(1)
Compensation
Actually Paid
to First CEO(2)
Summary
Compensation
Table Total for
Second CEO(1)
Compensation
Actually Paid
to Second
CEO(2)
Average
Summary
Compensation
Table Total for
Other NEOs(3)
Average
Compensation
Actually Paid to
Other NEOs(2)
TSR(4)
Peer
Group
TSR
Net Income
(loss) ($ in
thousands)(5)
Adjusted EBITDA
($ in
thousands)(6)
2022
$0
$0
$1,923,775
($2,898,871)
$719,739
($309,341)
$52
$68
$108,928
$464,804
2021
$9,399,146
$4,272,063
$11,932,585
$11,876,588
$2,558,621
$2,705,666
$95
$136
$129,923
$498,136
2020
$7,246,316
$13,493,190
$0
$0
$1,577,395
$1,920,050
$76
$139
($423,380)
($231,000)
(1)
Mr. Michael Spanos served as CEO in fiscal 2020 and through November 14, 2021 in fiscal 2021. Mr. Selim Bassoul served as CEO in fiscal 2022 and from November 14, 2021 through December 31, 2021 in fiscal 2021.
(2)
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine CAP as reported in the Pay Versus Performance Table. CAP does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. In calculating the ‘compensation actually paid’ amounts reflected in these columns, the fair value or change in fair value, as applicable, of the equity award adjustments included in such calculations was computed in accordance with FASB ASC Topic 718. The valuation methodologies used to calculate such fair values did not materially differ from those disclosed at the time of grant. NEOs do not participate in a defined benefit plan so no adjustment for pension benefits is included in the table below. Similarly, no adjustment is made for dividends as dividends are factored into the fair value of the award. The following table details these adjustments:
Year
NEO
Status
Summary
Compensation
Table Total
Subtract
Grant
Date Fair
Value
of Stock
& Option
Awards
Reported
in the
Summary
Compensation
Table
Add Year
End Fair
Value of
Awards
Granted
that are
Outstanding
and
Unvested
Change
in Fair
Value of
Awards
Granted
in Prior
Years
that are
Outstanding
and
Unvested
Value as
of Vesting
Date of
Equity
Awards
Granted
and
Vested
Change in
Value of
Equity
Awards
Granted in
Prior Years
that Vested
Prior
Year-End
Fair
Value of
Awards
Granted
in Prior
Years
that
Failed
to Vest
Value of
Dividends or
Earnings Paid
on Stock or
Option Awards
not Otherwise
Reflected in
Value or Total
Compensation
Compensation
Actually Paid
2022
CEO2
$1,923,775
$33,329
$26,528
($4,763,415)
$0
($52,431)
$0
$0
($2,898,871)
2022
Other NEOs
$719,739
$333,393
$275,652
($67,782)
$0
($25,355)
($878,202)
$0
($309,341)
2021
CEO2
$11,932,585
$11,014,293
$10,767,758
$0
$106,620
$83,917
$0
$0
$11,876,588
2021
CEO1
$9,399,146
$3,237,810
$0
$0
$473,041
$2,315,807
($4,678,122)
$0
$4,272,063
2021
Other NEOs
$2,558,621
$399,970
$170,171
$327,201
$51,389
$237,433
($239,177)
$0
$2,705,666
2020
CEO1
$7,246,316
$6,306,400
$10,762,744
$1,429,592
$0
$350,080
$0
$10,858
$13,493,190
2020
Other NEOs
$1,577,395
$971,208
$1,195,000
$39,699
$52,209
$64,026
($37,070)
$0
$1,920,050
(3)
In 2022, the other NEOs were Mr. Gary Mick, Ms. Aimee Williams-Ramey, Mr. Stephen Purtell, and Mr. Sandeep Reddy. In 2021, the other NEOs were Mr. Reddy and Ms. Laura Doerre. In 2020, the other NEOs were Mr. Reddy, Mr. Marshall Barber, Mr. Lenny Russ, Ms. Doerre, Ms. Katherine Aslin and Mr. Brett Petit.
(4)
TSR is determined based on the value of an initial fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation S-K. The TSR peer group consists of the S&P Entertainment Movies & Entertainment Index.
(5)
Represents the amount of net income reflected in the Company’s audited GAAP financial statements for each applicable fiscal year.
(6)
See Appendix B for the definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP financial measure.
   
Company Selected Measure Name     Adjusted EBITDA    
Named Executive Officers, Footnote [Text Block]    
(3)
In 2022, the other NEOs were Mr. Gary Mick, Ms. Aimee Williams-Ramey, Mr. Stephen Purtell, and Mr. Sandeep Reddy. In 2021, the other NEOs were Mr. Reddy and Ms. Laura Doerre. In 2020, the other NEOs were Mr. Reddy, Mr. Marshall Barber, Mr. Lenny Russ, Ms. Doerre, Ms. Katherine Aslin and Mr. Brett Petit.
   
Peer Group Issuers, Footnote [Text Block]    
(4)
TSR is determined based on the value of an initial fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation S-K. The TSR peer group consists of the S&P Entertainment Movies & Entertainment Index.
   
Adjustment To PEO Compensation, Footnote [Text Block]    
(2)
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine CAP as reported in the Pay Versus Performance Table. CAP does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. In calculating the ‘compensation actually paid’ amounts reflected in these columns, the fair value or change in fair value, as applicable, of the equity award adjustments included in such calculations was computed in accordance with FASB ASC Topic 718. The valuation methodologies used to calculate such fair values did not materially differ from those disclosed at the time of grant. NEOs do not participate in a defined benefit plan so no adjustment for pension benefits is included in the table below. Similarly, no adjustment is made for dividends as dividends are factored into the fair value of the award. The following table details these adjustments:
Year
NEO
Status
Summary
Compensation
Table Total
Subtract
Grant
Date Fair
Value
of Stock
& Option
Awards
Reported
in the
Summary
Compensation
Table
Add Year
End Fair
Value of
Awards
Granted
that are
Outstanding
and
Unvested
Change
in Fair
Value of
Awards
Granted
in Prior
Years
that are
Outstanding
and
Unvested
Value as
of Vesting
Date of
Equity
Awards
Granted
and
Vested
Change in
Value of
Equity
Awards
Granted in
Prior Years
that Vested
Prior
Year-End
Fair
Value of
Awards
Granted
in Prior
Years
that
Failed
to Vest
Value of
Dividends or
Earnings Paid
on Stock or
Option Awards
not Otherwise
Reflected in
Value or Total
Compensation
Compensation
Actually Paid
2022
CEO2
$1,923,775
$33,329
$26,528
($4,763,415)
$0
($52,431)
$0
$0
($2,898,871)
2022
Other NEOs
$719,739
$333,393
$275,652
($67,782)
$0
($25,355)
($878,202)
$0
($309,341)
2021
CEO2
$11,932,585
$11,014,293
$10,767,758
$0
$106,620
$83,917
$0
$0
$11,876,588
2021
CEO1
$9,399,146
$3,237,810
$0
$0
$473,041
$2,315,807
($4,678,122)
$0
$4,272,063
2021
Other NEOs
$2,558,621
$399,970
$170,171
$327,201
$51,389
$237,433
($239,177)
$0
$2,705,666
2020
CEO1
$7,246,316
$6,306,400
$10,762,744
$1,429,592
$0
$350,080
$0
$10,858
$13,493,190
2020
Other NEOs
$1,577,395
$971,208
$1,195,000
$39,699
$52,209
$64,026
($37,070)
$0
$1,920,050
   
Non-PEO NEO Average Total Compensation Amount     $ 719,739 $ 2,558,621 $ 1,577,395
Non-PEO NEO Average Compensation Actually Paid Amount     $ (309,341) 2,705,666 1,920,050
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]    
(2)
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine CAP as reported in the Pay Versus Performance Table. CAP does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. In calculating the ‘compensation actually paid’ amounts reflected in these columns, the fair value or change in fair value, as applicable, of the equity award adjustments included in such calculations was computed in accordance with FASB ASC Topic 718. The valuation methodologies used to calculate such fair values did not materially differ from those disclosed at the time of grant. NEOs do not participate in a defined benefit plan so no adjustment for pension benefits is included in the table below. Similarly, no adjustment is made for dividends as dividends are factored into the fair value of the award. The following table details these adjustments:
Year
NEO
Status
Summary
Compensation
Table Total
Subtract
Grant
Date Fair
Value
of Stock
& Option
Awards
Reported
in the
Summary
Compensation
Table
Add Year
End Fair
Value of
Awards
Granted
that are
Outstanding
and
Unvested
Change
in Fair
Value of
Awards
Granted
in Prior
Years
that are
Outstanding
and
Unvested
Value as
of Vesting
Date of
Equity
Awards
Granted
and
Vested
Change in
Value of
Equity
Awards
Granted in
Prior Years
that Vested
Prior
Year-End
Fair
Value of
Awards
Granted
in Prior
Years
that
Failed
to Vest
Value of
Dividends or
Earnings Paid
on Stock or
Option Awards
not Otherwise
Reflected in
Value or Total
Compensation
Compensation
Actually Paid
2022
CEO2
$1,923,775
$33,329
$26,528
($4,763,415)
$0
($52,431)
$0
$0
($2,898,871)
2022
Other NEOs
$719,739
$333,393
$275,652
($67,782)
$0
($25,355)
($878,202)
$0
($309,341)
2021
CEO2
$11,932,585
$11,014,293
$10,767,758
$0
$106,620
$83,917
$0
$0
$11,876,588
2021
CEO1
$9,399,146
$3,237,810
$0
$0
$473,041
$2,315,807
($4,678,122)
$0
$4,272,063
2021
Other NEOs
$2,558,621
$399,970
$170,171
$327,201
$51,389
$237,433
($239,177)
$0
$2,705,666
2020
CEO1
$7,246,316
$6,306,400
$10,762,744
$1,429,592
$0
$350,080
$0
$10,858
$13,493,190
2020
Other NEOs
$1,577,395
$971,208
$1,195,000
$39,699
$52,209
$64,026
($37,070)
$0
$1,920,050
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]    
Relationship Between Compensation Actually Paid and Performance Measures
We believe the table above shows the alignment between compensation actually paid to the NEOs and the Company’s performance, consistent with our compensation philosophy as described in our Compensation Discussion and Analysis on page 35. Specifically, a large portion of the NEOs’ compensation is reliant on TSR and, as such, the CEO and non-CEO CAP each year was aligned with our TSR performance and increased when our TSR performance increased but declined when our TSR performance declined. The charts below show, for the past three years, the relationship of the Company’s TSR relative to its peers as well as the relationship between the CEO and non-CEO CAP and (i) the Company’s TSR; (ii) the Company’s net income; and (iii) the Company’s Adjusted EBITDA.
graphic
   
Compensation Actually Paid vs. Net Income [Text Block]    
Relationship Between Compensation Actually Paid and Performance Measures
We believe the table above shows the alignment between compensation actually paid to the NEOs and the Company’s performance, consistent with our compensation philosophy as described in our Compensation Discussion and Analysis on page 35. Specifically, a large portion of the NEOs’ compensation is reliant on TSR and, as such, the CEO and non-CEO CAP each year was aligned with our TSR performance and increased when our TSR performance increased but declined when our TSR performance declined. The charts below show, for the past three years, the relationship of the Company’s TSR relative to its peers as well as the relationship between the CEO and non-CEO CAP and (i) the Company’s TSR; (ii) the Company’s net income; and (iii) the Company’s Adjusted EBITDA.
graphic
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]    
Relationship Between Compensation Actually Paid and Performance Measures
We believe the table above shows the alignment between compensation actually paid to the NEOs and the Company’s performance, consistent with our compensation philosophy as described in our Compensation Discussion and Analysis on page 35. Specifically, a large portion of the NEOs’ compensation is reliant on TSR and, as such, the CEO and non-CEO CAP each year was aligned with our TSR performance and increased when our TSR performance increased but declined when our TSR performance declined. The charts below show, for the past three years, the relationship of the Company’s TSR relative to its peers as well as the relationship between the CEO and non-CEO CAP and (i) the Company’s TSR; (ii) the Company’s net income; and (iii) the Company’s Adjusted EBITDA.
graphic
   
Total Shareholder Return Vs Peer Group [Text Block]    
Relationship Between Compensation Actually Paid and Performance Measures
We believe the table above shows the alignment between compensation actually paid to the NEOs and the Company’s performance, consistent with our compensation philosophy as described in our Compensation Discussion and Analysis on page 35. Specifically, a large portion of the NEOs’ compensation is reliant on TSR and, as such, the CEO and non-CEO CAP each year was aligned with our TSR performance and increased when our TSR performance increased but declined when our TSR performance declined. The charts below show, for the past three years, the relationship of the Company’s TSR relative to its peers as well as the relationship between the CEO and non-CEO CAP and (i) the Company’s TSR; (ii) the Company’s net income; and (iii) the Company’s Adjusted EBITDA.
graphic
   
Tabular List [Table Text Block]    
2022 Performance Measures
As noted above, the Compensation Committee believes in a holistic evaluation of the NEOs’ and the Company’s performance and uses a mix of performance measures throughout our annual and long-term incentive programs to align executive pay with Company performance. As required by SEC rules, the performance measures identified as the most important for NEOs’ 2022 compensation decisions are listed in the table to below, each of which is described in more detail in the CD&A under the section “2022 Compensation Program Element”.
Most Important Performance Measures
Adjusted EBITDA
Modified Cash Flow
Total Shareholder Return (TSR)
   
Total Shareholder Return Amount     $ 52 95 76
Peer Group Total Shareholder Return Amount     68 136 139
Net Income (Loss)     $ 108,928,000 $ 129,923,000 $ (423,380,000)
Company Selected Measure Amount     464,804,000 498,136,000 (231,000,000)
PEO Name Mr. Selim Bassoul Mr. Michael Spanos Mr. Selim Bassoul   Mr. Michael Spanos
Measure [Axis]: 1          
Pay vs Performance Disclosure [Table]          
Measure Name     Adjusted EBITDA    
Non-GAAP Measure Description [Text Block]    
(6)
See Appendix B for the definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP financial measure.
   
Measure [Axis]: 2          
Pay vs Performance Disclosure [Table]          
Measure Name     Modified Cash Flow    
Measure [Axis]: 3          
Pay vs Performance Disclosure [Table]          
Measure Name     Total Shareholder Return (TSR)    
Michael Spanos [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount     $ 0 $ 9,399,146 $ 7,246,316
PEO Actually Paid Compensation Amount     0 4,272,063 13,493,190
Selim Bassoul [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount     1,923,775 11,932,585 0
PEO Actually Paid Compensation Amount     (2,898,871) 11,876,588 0
PEO [Member] | Michael Spanos [Member] | Grant Date Fair Value of Stock & Option Awards Reported in the Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       (3,237,810) (6,306,400)
PEO [Member] | Michael Spanos [Member] | Year End Fair Value of Awards Granted that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       0 10,762,744
PEO [Member] | Michael Spanos [Member] | Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       0 1,429,592
PEO [Member] | Michael Spanos [Member] | Value as of Vesting Date of Equity Awards Granted and Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       473,041 0
PEO [Member] | Michael Spanos [Member] | Change in Value of Equity Awards Granted in Prior Years that Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       2,315,807 350,080
PEO [Member] | Michael Spanos [Member] | Prior Year-End Fair Value of Awards Granted in Prior Years that Failed to Vest [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       (4,678,122) 0
PEO [Member] | Michael Spanos [Member] | Value of Dividends or Earnings Paid on Stock or Option Awards not Otherwise Reflected in Value or Total Compensation [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       0 10,858
PEO [Member] | Selim Bassoul [Member] | Grant Date Fair Value of Stock & Option Awards Reported in the Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (33,329) (11,014,293)  
PEO [Member] | Selim Bassoul [Member] | Year End Fair Value of Awards Granted that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     26,528 10,767,758  
PEO [Member] | Selim Bassoul [Member] | Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (4,763,415) 0  
PEO [Member] | Selim Bassoul [Member] | Value as of Vesting Date of Equity Awards Granted and Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0 106,620  
PEO [Member] | Selim Bassoul [Member] | Change in Value of Equity Awards Granted in Prior Years that Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (52,431) 83,917  
PEO [Member] | Selim Bassoul [Member] | Prior Year-End Fair Value of Awards Granted in Prior Years that Failed to Vest [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0 0  
PEO [Member] | Selim Bassoul [Member] | Value of Dividends or Earnings Paid on Stock or Option Awards not Otherwise Reflected in Value or Total Compensation [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0 0  
Non-PEO NEO [Member] | Grant Date Fair Value of Stock & Option Awards Reported in the Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (333,393) (399,970) (971,208)
Non-PEO NEO [Member] | Year End Fair Value of Awards Granted that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     275,652 170,171 1,195,000
Non-PEO NEO [Member] | Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (67,782) 327,201 39,699
Non-PEO NEO [Member] | Value as of Vesting Date of Equity Awards Granted and Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0 51,389 52,209
Non-PEO NEO [Member] | Change in Value of Equity Awards Granted in Prior Years that Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (25,355) 237,433 64,026
Non-PEO NEO [Member] | Prior Year-End Fair Value of Awards Granted in Prior Years that Failed to Vest [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (878,202) (239,177) (37,070)
Non-PEO NEO [Member] | Value of Dividends or Earnings Paid on Stock or Option Awards not Otherwise Reflected in Value or Total Compensation [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     $ 0 $ 0 $ 0