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Business Combination
 6 Months Ended
Jun. 30, 2019
Business Combination [Abstract]  
Business Combination



Note 19 – Business Combination



On January 30, 2019, we purchased the tenant’s interest and other operating assets of an established four-screen cinema in Devonport, Tasmania, Australia, for $1.4 million (AU$1.95 million). We commenced trading from this new cinema site on January 30, 2019.



The total purchase price was allocated to the identifiable assets acquired based on our estimates of their fair values on the acquisition date. The identified assets included fixtures and equipment and immaterial working capital balances.  There were immaterial liabilities assumed.



Our final purchase price allocation is as follows:







 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

Preliminary Purchase Price Allocation(1)

 

Measurement Period Adjustments(2)

 

Final Purchase Price Allocation(1)

Tangible Assets

 

 

 

 

 

 

 

 

 

Operating property:

 

 

 

 

 

 

 

 

 

Fixtures and equipment

 

$

 153 

 

$

 —

 

$

 153 

Intangible Assets

 

 

 

 

 

 

 

 

 

Goodwill

 

 

 1,248 

 

 

 (23)

 

 

 1,225 

Total assets acquired

 

 

 1,401 

 

 

 (23)

 

 

 1,378 



 

 

 

 

 

 

 

 

 

Net assets acquired

 

$

 1,401 

 

$

 (23)

 

$

 1,378 



(1)

The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, January 30, 2019. 

(2)

The measurement period adjustments relate to finalization of immaterial employee obligations.