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Borrowings (Tables)
12 Months Ended
Dec. 31, 2020
Borrowings [Abstract]  
Summary Of Borrowings

As of December 31, 2020

(Dollars in thousands)

Maturity Date

Contractual
Facility

Balance,
Gross

Balance,
Net(1)

Stated
Interest
Rate

Effective
Interest
Rate

Denominated in USD

Trust Preferred Securities (USA)

April 30, 2027

$

27,913

$

27,913

$

26,505

4.27%

4.27%

Bank of America Credit Facility (USA)

March 6, 2023

55,000

51,200

50,990

4.00%

4.00%

Bank of America Line of Credit (USA)

March 6, 2023

5,000

5,000

5,000

3.15%

3.15%

Cinemas 1, 2, 3 Term Loan (USA)

April 1, 2022

24,625

24,625

24,248

4.25%

4.25%

Minetta & Orpheum Theatres Loan (USA)(2)

November 1, 2023

8,000

8,000

7,914

2.20%

5.15%

U.S. Corporate Office Term Loan (USA)

January 1, 2027

9,186

9,186

9,095

4.64% / 4.44%

4.64%

Union Square Construction Financing (USA)

March 31, 2021

50,000

40,623

40,620

17.50%

17.50%

Purchase Money Promissory Note

September 18, 2024

2,883

2,883

2,883

5.00%

5.00%

Denominated in foreign currency ("FC")(3)

NAB Corporate Term Loan (AU)

December 31, 2023

94,821

92,508

92,307

1.81%

1.81%

Westpac Bank Corporate (NZ)

December 31, 2023

23,021

23,021

23,021

2.95%

2.95%

Total

$

300,449

$

284,959

$

282,583

(1)Net of deferred financing costs amounting to $2.4 million.

(2)The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 5.15%.

(3)The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollars based on exchange rates as of December 31, 2020.

As of December 31, 2019

(Dollars in thousands)

Maturity Date

Contractual
Facility

Balance,
Gross

Balance,
Net(1)

Stated
Interest
Rate

Effective
Interest
Rate

Denominated in USD

Trust Preferred Securities (USA)

April 30, 2027

$

27,913 

$

27,913 

$

26,311

5.94%

5.94%

Bank of America Credit Facility (USA)

March 6, 2023

55,000 

33,500

33,445

4.80%

4.80%

Bank of America Line of Credit (USA)

March 6, 2023

5,000 

4.80%

4.80%

Cinemas 1, 2, 3 Term Loan (USA)

April 1, 2022

18,658

18,658

18,532

3.25%

3.25%

Minetta & Orpheum Theatres Loan (USA)(2)

November 1, 2023

8,000

8,000

7,887

3.74%

5.15%

U.S. Corporate Office Term Loan (USA)

January 1, 2027

9,260

9,260

9,153

4.64% / 4.44%

4.64%

Union Square Construction Financing (USA)

December 29, 2020

50,000

36,048

36,035

6.02%

6.02%

Purchase Money Promissory Note (USA)

September 18, 2024

3,363

3,363

3,363

5.00%

5.00%

Denominated in foreign currency ("FC") (3)

NAB Corporate Term Loan (AU)

December 31, 2023

84,360

65,731

65,541

1.77%

1.77%

Westpac Bank Corporate (NZ)

December 31, 2023

21,584

6,745

6,745

3.05%

3.05%

Total

$

283,138

$

209,218

$

207,012

(1)Net of deferred financing costs amounting to $2.2 million.

(2)The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 5.15%.

(3)The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollar based on exchange rates as of December 31, 2019.

Schedule Of Long-term Debt Instruments, Net Of The Deferred Financing Costs

(Dollars in thousands)

December 31,

Balance Sheet Caption

2020

2019

Debt - current portion

$

41,459

$

36,736

Debt - long-term portion

213,779

140,602

Subordinated debt - current portion

840

644

Subordinated debt - long-term portion

26,505

29,030

Total borrowings

$

282,583

$

207,012

Schedule Of Future Principal Loan Payments

(Dollars in thousands)

Future
Principal
Debt Payments

2021

$

42,307

2022

25,020

2023

180,759

2024

881

2025

287

Thereafter

35,705

Total future principal debt payments

$

284,959