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Consolidated Statements Of Cash Flows
NZD in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Operating Activities      
Net income [1] $ 9,417 $ 23,031 $ 25,278
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity earnings of unconsolidated joint ventures (999) (1,204) [1] (1,015) [1]
Distributions of earnings from unconsolidated joint ventures 1,004 1,074 [1] 857 [1]
Net gain on sale of assets (393) (11,023) [1] (25) [1]
Change in net deferred tax assets (5,060) (4,067) [1] (14,029) [1]
Depreciation and amortization 15,689 14,562 [1] 15,468 [1]
Other amortization 1,797 919 [1] 2,077 [1]
Casualty loss [2],[3] 1,421    
Stock based compensation expense 609 1,458 [1] 1,413 [1]
Net changes in operating assets and liabilities:      
Receivables 1,296 620 [1] (2,753) [1]
Prepaid and other assets (599) (2,386) [1] (493) [1]
Accounts payable and accrued expenses 2,843 6,479 [1] 148 [1]
Film rent payable 1,244 282 [1] 3,117 [1]
Taxes payable (1,707) (426) [1] (3,883) [1]
Deferred revenue and other liabilities 3,626 (745) [1] 2,183 [1]
Net cash provided by operating activities 30,188 28,574 [1] 28,343 [1]
Investing Activities      
Purchases of and additions to operating property (49,166) (53,119) [1] (14,914) [1]
Change in restricted cash 178 1,292 [1] (614) [1]
Distributions from unconsolidated joint ventures 296 228 [1] 208 [1]
Advanced cash settlement on insurance claim 5,000    
Proceeds from sale of property 831 21,889 [1] 5,422 [1]
Net cash used in investing activities (42,861) (29,710) [1] (9,898) [1]
Financing Activities      
Repayment of long-term borrowings (63,748) (35,239) [1] (7,140) [1]
Proceeds from borrowings 81,616 10,500 [1] 8,173 [1]
Capitalized borrowing costs (3,992) (248) [1] (1,320) [1]
Repurchase of Class A Nonvoting Common Stock (2,850) (3,310) [1] (4,070) [1]
Proceeds from stock option exercises 146 492 [1] 978 [1]
Noncontrolling interest contributions 268 17 [1] 327 [1]
Noncontrolling interest distributions (194) (173) [1] (223) [1]
Net cash provided by/(used in) financing activities 11,246 (27,961) [1] (3,275) [1]
Effect of exchange rate on cash 742 (1,449) [1] (2,618) [1]
Net increase (decrease) in cash and cash equivalents (685) (30,546) [1] 12,552 [1]
Cash and cash equivalents at the beginning of the year [1] 19,702 [4],[5] 50,248 37,696
Cash and cash equivalents at the end of the year 19,017 19,702 [1],[4],[5] 50,248 [1]
Supplemental Disclosures      
Interest paid 5,948 9,023 [1] 9,504 [1]
Income taxes paid, net 6,607 8,553 [1] 6,407 [1]
Non-Cash Transactions      
Lease make-good accrual $ 35 1,314 [1] $ 4,385 [1]
In-kind exchange of stock for the exercise of options, net [1]   $ 1,833  
[1] Certain 2015 and 2014 balances included the restatement impact as a result of a change in accounting principle (see Note 2 - Summary of Significant Accounting Policies - Accounting Changes).
[2] In line with our standard translation policy, the recoverable asset of NZ$13.6 million was translated into U.S. dollars based on the spot exchange rate as of December 31, 2016, while the impact on our statement of operations was translated using the average exchange rate for the month of December 2016.
[3] Total impact to current income of $1.4 million (NZ$2.0 million) is presented as a separate line in our Statement of Operations.
[4] Certain 2015 balances have been reclassified to conform to the 2016 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[5] Certain 2015 balances included the restatement impact as a result of a change in accounting principle (see Note 2 - Summary of Significant Accounting Policies - Accounting Changes).