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Borrowings (Tables)
12 Months Ended
Dec. 31, 2025
Borrowings [Abstract]  
Summary Of Borrowings

As of December 31, 2025

(Dollars in thousands)

Maturity Date

Contractual
Facility

Balance,
Gross

Balance,
Net(1)

Stated
Interest Rate

Effective
Interest
Rate

Denominated in USD

Trust Preferred Securities (US)

April 30, 2027

$

27,913 

$

27,913 

$

27,617 

8.10%

8.10%

Bank of America Credit Facility (US)

September 18, 2026

6,200 

6,200 

6,200 

10.75%

10.75%

Cinemas 1, 2, 3 Term Loan (US)

October 1, 2026

19,841 

19,841 

19,766 

9.46%

9.46%

Minetta & Orpheum Theatres Loan (US)

June 1, 2026

6,829 

6,829 

6,819 

7.00%

7.00%

Union Square Financing (US) (3)

November 6, 2026

49,000

46,641 

46,184 

10.87%

10.87%

Nationwide Theaters Corp. (US) (4)

September 30, 2035

13,648 

13,648 

7,648 

4.75%

12.66%

Denominated in foreign currency ("FC") (2)

NAB Corporate Term Loan (AU)

July 31, 2030

64,019

64,019

63,732 

5.25%

5.25%

$

187,450

$

185,091

$

177,966 

(1)Net of deferred financing costs amounting to $1.1 million and debt discounts (4).

(2)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, 2025.

(3)This loan has an option to extend for one year, which is within our control and we intend to exercise.

(4)This debt is carried net of debt discounts of $6.0 million.

As of December 31, 2024

(Dollars in thousands)

Maturity Date

Contractual
Facility

Balance,
Gross

Balance,
Net(1)

Stated
Interest
Rate

Effective
Interest
Rate

Denominated in USD

Trust Preferred Securities (US)

April 30, 2027

$

27,913 

$

27,913 

$

27,394 

8.85%

8.85%

Bank of America Credit Facility (US)

August 18, 2025

14,750 

14,750 

14,699 

10.50%

10.50%

Cinemas 1, 2, 3 Term Loan (US)

April 1, 2025

20,682 

20,682 

20,594 

9.57%

9.57%

Minetta & Orpheum Theatres Loan (US)

June 1, 2025

7,464 

7,464 

7,446 

7.00%

7.00%

Union Square Financing (US)

May 6, 2025

55,000 

47,141 

47,049 

11.78%

11.78%

Denominated in foreign currency ("FC") (2)

NAB Corporate Term Loan (AU)

July 31, 2026

61,850 

61,850 

61,740 

6.12%

6.12%

NAB Bridge Facility (AU)

April 30, 2025

12,370 

12,370 

12,361 

6.16%

6.16%

Westpac Bank Corporate (NZ)

March 31, 2025

10,543 

10,543 

10,543 

6.95%

6.95%

Total

$

210,572 

$

202,713 

$

201,826 

(1)Net of deferred financing costs amounting to $0.9 million.

(2)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, 2024.

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

(Dollars in thousands)

December 31,

Balance Sheet Caption

2025

2024

Debt - current portion

$

35,999

$

69,193

Debt - long-term portion

114,350

105,239

Subordinated debt - long-term portion

27,617

27,394

Total borrowings

$

177,966

$

201,826

Schedule Of Future Principal Loan Payments

(Dollars in thousands)

Future
Principal
Debt Payments

2026

$

83,245

2027

30,847

2028

2,934

2029

2,934

2030

51,485

Thereafter

13,646

Total future principal debt payments

$

185,091