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Description Of Business And Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2018
Description Of Business And Segment Reporting [Abstract]  
Summary Of Results Of Operations For Principal Business Segments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

2018

 

2017

 

2016

(Dollars in thousands)

 

Cinema

 

Real
Estate

 

Total

 

Cinema

 

Real
Estate

 

Total

 

Cinema

 

Real
Estate

 

Total

Revenue - Third party

 

$

 294,177 

 

$

 15,208 

 

$

 309,385 

 

$

 263,464 

 

$

 16,415 

 

$

 279,879 

 

$

 256,922 

 

$

 13,944 

 

$

 270,866 

Inter-segment Revenue (1)

 

 

 —

 

 

 9,027 

 

 

 9,027 

 

 

 —

 

 

 7,573 

 

 

 7,573 

 

 

 —

 

 

 7,366 

 

 

 7,366 

Total Segment Revenue

 

 

 294,177 

 

 

 24,235 

 

 

 318,412 

 

 

 263,464 

 

 

 23,988 

 

 

 287,452 

 

 

 256,922 

 

 

 21,310 

 

 

 278,232 

Operating expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of services and products -
Third party

 

 

 (225,791)

 

 

 (9,904)

 

 

 (235,695)

 

 

 (207,447)

 

 

 (9,436)

 

 

 (216,883)

 

 

 (198,523)

 

 

 (9,044)

 

 

 (207,567)

Inter-segment Cost of services (1)

 

 

 (9,027)

 

 

 —

 

 

 (9,027)

 

 

 (7,573)

 

 

 —

 

 

 (7,573)

 

 

 (7,366)

 

 

 —

 

 

 (7,366)

Total of services and products (excluding depreciation and amortization)

 

 

 (234,818)

 

 

 (9,904)

 

 

 (244,722)

 

 

 (215,020)

 

 

 (9,436)

 

 

 (224,456)

 

 

 (205,889)

 

 

 (9,044)

 

 

 (214,933)

Depreciation and amortization

 

 

 (16,314)

 

 

 (5,567)

 

 

 (21,881)

 

 

 (12,213)

 

 

 (4,256)

 

 

 (16,469)

 

 

 (11,772)

 

 

 (3,522)

 

 

 (15,294)

General and administrative expense

 

 

 (3,724)

 

 

 (2,326)

 

 

 (6,050)

 

 

 (3,261)

 

 

 (2,140)

 

 

 (5,401)

 

 

 (3,763)

 

 

 (1,422)

 

 

 (5,185)

Total operating expense

 

 

 (254,856)

 

 

 (17,797)

 

 

 (272,653)

 

 

 (230,494)

 

 

 (15,832)

 

 

 (246,326)

 

 

 (221,424)

 

 

 (13,988)

 

 

 (235,412)

Segment operating income

 

$

 39,321 

 

$

 6,438 

 

$

 45,759 

 

$

 32,970 

 

$

 8,156 

 

$

 41,126 

 

$

 35,498 

 

$

 7,322 

 

$

 42,820 



(1)

Inter-segment Revenues and Cost of services 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)

 

2018

 

2017

 

2016

Segment operating income

 

$

 45,759 

 

$

 41,126 

 

$

 42,820 

Unallocated corporate expense:

 

 

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

 (394)

 

 

 (473)

 

 

 (395)

General and administrative expense

 

 

 (21,287)

 

 

 (19,947)

 

 

 (21,721)

Interest expense, net

 

 

 (6,837)

 

 

 (6,194)

 

 

 (6,782)

Equity earnings of unconsolidated joint ventures

 

 

 974 

 

 

 815 

 

 

 999 

(Loss) gain on sale of assets

 

 

 (41)

 

 

 9,360 

 

 

 393 

Casualty gain (loss)

 

 

 —

 

 

 9,217 

 

 

 (1,421)

Other (expense) income

 

 

 (256)

 

 

 588 

 

 

 (63)

Income before income taxes

 

$

 17,918 

 

$

 34,492 

 

$

 13,830 



Summary Of Assets



 

 

 

 

 

 



 

 

 

 

 

 



 

December 31,

(Dollars in thousands)

 

2018

 

2017

By segment:

 

 

 

 

 

 

Cinema

 

$

 138,850 

 

$

 135,184 

Real estate

 

 

 263,783 

 

 

 249,622 

Corporate (1)

 

 

 36,395 

 

 

 38,597 

Total assets

 

$

 439,028 

 

$

 423,403 

By country:

 

 

 

 

 

 

United States

 

$

 220,777 

 

$

 188,639 

Australia

 

 

 156,768 

 

 

 169,412 

New Zealand

 

 

 61,483 

 

 

 65,352 

Total assets

 

$

 439,028 

 

$

 423,403 



(1)

Corporate Assets includes cash and cash equivalents of $13.1 million and $13.7 million as of December 31, 2018 and 2017, respectively.
Schedule Of Operating Property By Country



 

 

 

 

 

 



 

 

 

 

 

 



 

December 31,

(Dollars in thousands)

 

2018

 

2017

United States

 

$

 95,710 

 

$

 89,183 

Australia

 

 

 132,624 

 

 

 143,200 

New Zealand

 

 

 29,333 

 

 

 32,341 

Total operating property

 

$

 257,667 

 

$

 264,724 



Summary Of Capital Expenditures



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

2018

 

2017

 

2016

Segment capital expenditures

 

$

 56,795 

 

$

 76,300 

 

$

 49,023 

Corporate capital expenditures

 

 

 32 

 

 

 408 

 

 

 143 

Total capital expenditures

 

$

 56,827 

 

$

 76,708 

 

$

 49,166