0000000000-19-010937.txt : 20190823 0000000000-19-010937.hdr.sgml : 20190823 20190710154349 ACCESSION NUMBER: 0000000000-19-010937 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20190710 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: IMAX CORP CENTRAL INDEX KEY: 0000921582 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 980140269 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 2525 SPEAKMAN DRIVE STREET 2: MISSISSAUGA CITY: ONTARIO CANADA STATE: A6 ZIP: L5K 1B1 BUSINESS PHONE: 9054036500 MAIL ADDRESS: STREET 1: 2525 SPEAKMAN DRIVE STREET 2: MISSISSAUGA CITY: ONTARIO CANADA STATE: A6 ZIP: L5K 1B1 PUBLIC REFERENCE ACCESSION NUMBER: 0001193125-19-052075 LETTER 1 filename1.pdf begin 644 filename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In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-Q for the Quarterly Period Ended March 31, 2019 Condensed Consolidated Statements of Operations, page 6 1. We note that your statement of operations includes two captions for income from operations, the second of which is labeled as income from operations before income taxes. Please tell us how this presentation is consistent with the guidance in Rule 5-03 of Regulation S-X. Specifically address why you label an amount that includes interest income, interest expense and nonservice retirement expense as income from operations although, for example, Rules 5-03 (b)7 - 9 of Regulation S-X include interest income and expense as non-operating items. Further, tell why you present the change in fair value of financial instruments below the second caption and whether the amount is presented net of applicable taxes. Patrick McClymont IMAX Corporation July 10, 2019 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Kristin Lochhead, Staff Accountant, at (202) 551-3664 or Gary Todd, Senior Accountant, at (202) 551-3605 with any questions. FirstName LastNamePatrick McClymont Sincerely, Comapany NameIMAX Corporation Division of Corporation Finance July 10, 2019 Page 2 Office of Electronics and Machinery FirstName LastName