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Description Of Business And Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2015
Description Of Business And Segment Reporting [Abstract]  
Summary Of Results Of Operations For Principal Business Segments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

2015

 

2014

 

2013

(Dollars in thousands)

 

Cinema

 

Real Estate

 

Total

 

Cinema

 

Real Estate

 

Total

 

Cinema

 

Real Estate

 

Total

Revenue

 

$

242,281 

 

$

21,579 

 

$

263,860 

 

$

237,861 

 

$

24,348 

 

$

262,209 

 

$

239,418 

 

$

26,456 

 

$

265,874 

Inter-segment elimination(1)

 

 

--

 

 

 -

 

 

(6,537)

 

 

--

 

 

 -

 

 

(7,461)

 

 

--

 

 

--

 

 

(7,653)

Total revenue

 

 

242,281 

 

 

21,579 

 

 

257,323 

 

 

237,861 

 

 

24,348 

 

 

254,748 

 

 

239,418 

 

 

26,456 

 

 

258,221 

Operating expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of services and products (excluding depreciation and amortization)

 

 

(196,544)

 

 

(10,948)

 

 

(207,492)

 

 

(195,896)

 

 

(9,770)

 

 

(205,666)

 

 

(200,859)

 

 

(10,830)

 

 

(211,689)

Inter-segment elimination(1)

 

 

 -

 

 

--

 

 

6,537 

 

 

 -

 

 

--

 

 

7,461 

 

 

 -

 

 

--

 

 

7,653 

Total cost of services and products

 

 

(196,544)

 

 

(10,948)

 

 

(200,955)

 

 

(195,896)

 

 

(9,770)

 

 

(198,205)

 

 

(200,859)

 

 

(10,830)

 

 

(204,036)

Depreciation and amortization

 

 

(11,161)

 

 

(3,107)

 

 

(14,268)

 

 

(11,047)

 

 

(4,061)

 

 

(15,108)

 

 

(10,741)

 

 

(4,023)

 

 

(14,764)

General and administrative expense

 

 

(3,000)

 

 

(728)

 

 

(3,728)

 

 

(3,575)

 

 

(1,042)

 

 

(4,617)

 

 

(3,273)

 

 

(644)

 

 

(3,917)

Total operating expense

 

 

(210,705)

 

 

(14,783)

 

 

(218,951)

 

 

(210,518)

 

 

(14,873)

 

 

(217,930)

 

 

(214,873)

 

 

(15,497)

 

 

(222,717)

Segment operating income

 

$

31,576 

 

$

6,796 

 

$

38,372 

 

$

27,343 

 

$

9,475 

 

$

36,818 

 

$

24,545 

 

$

10,959 

 

$

35,504 



(1) Inter-segment eliminations relates to the internal charge between the two segments where the cinema operates within real estate owned within the group. 

Reconciliation To Net Income Attributable To Common Shareholders



 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

2015

 

2014

 

2013

Segment operating income

 

$

38,372 

 

$

36,818 

 

$

35,504 

Unallocated corporate expense:

 

 

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

(294)

 

 

(360)

 

 

(433)

General and administrative expense

 

 

(14,924)

 

 

(14,285)

 

 

(14,136)

Interest expense, net

 

 

(7,304)

 

 

(9,000)

 

 

(10,037)

Equity earnings of unconsolidated joint ventures and entities

 

 

1,204 

 

 

1,015 

 

 

1,369 

Gain (loss) on sale of assets

 

 

11,023 

 

 

25 

 

 

(56)

Other income (expense)

 

 

(440)

 

 

1,646 

 

 

1,876 

Income before income taxes

 

$

27,637 

 

$

15,859 

 

$

14,087 



Summary Of Assets



 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

December 31, 2015

 

December 31, 2014

 

December 31, 2013

By segment:

 

 

 

 

 

 

 

 

 

Cinema

 

$

107,808 

 

$

107,695 

 

$

120,709 

Real estate

 

 

219,813 

 

 

219,737 

 

 

226,926 

Corporate (1)

 

 

47,470 

 

 

74,154 

 

 

39,172 

Total assets

 

$

375,091 

 

$

401,586 

 

$

386,807 

By country:

 

 

 

 

 

 

 

 

 

United States

 

$

131,965 

 

$

141,768 

 

$

110,677 

Australia

 

 

173,227 

 

 

178,202 

 

 

196,050 

New Zealand

 

 

69,899 

 

 

81,616 

 

 

80,080 

Total assets

 

$

375,091 

 

$

401,586 

 

$

386,807 

(1) Includes cash and cash equivalents of $19.7million, $50.2 million, and $37.7 million for the years ended December 31, 2015, 2014, and 2013, respectively.

Schedule Of Operating Property By Country



 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

December 31, 2015

 

December 31, 2014

 

December 31, 2013

Australia

 

$

106,985 

 

$

87,536 

 

$

97,240 

New Zealand

 

 

36,526 

 

 

39,800 

 

 

36,319 

United States

 

 

66,787 

 

 

59,553 

 

 

58,101 

Total operating property

 

$

210,298 

 

$

186,889 

 

$

191,660 



Summary Of Capital Expenditures



 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

2015

 

2014

 

2013

Segment capital expenditures

 

$

52,989 

 

$

14,310 

 

$

19,910 

Corporate capital expenditures

 

 

130 

 

 

604 

 

 

172 

Total capital expenditures

 

$

53,119 

 

$

14,914 

 

$

20,082