Capital Stock and Reserves (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Stock Compensation

	Three Months Ended
	March 31,
(In thousands of U.S. Dollars)	2022		2021
Cost and expenses applicable to revenues	$	239	$	294
Selling, general and administrative expenses		5,726		4,944
Research and development		87		69
	$	6,052	$	5,307

Stock-based Compensation by Plan Type

The following table summarizes the Company’s share-based compensation expense by each award type:

	Three Months Ended
	March 31,
(In thousands of U.S. Dollars)	2022		2021
Stock Options	$	207	$	351
Restricted Share Units		3,411		3,151
Performance Stock Units		1,729		1,014
IMAX China Stock Options		34		56
IMAX China Long Term Incentive Plan Restricted Share Units		497		632
IMAX China Long Term Incentive Plan Performance Stock Units		174		103
	$	6,052	$	5,307

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes the activity under the Company’s Stock Option Plan (“SOP”) and the IMAX Corporation Second Amended and Restated Long-Term Incentive Plan (as may be amended, “IMAX LTIP”) for the three months ended March 31, 2022 and 2021:

	Number of Shares							Weighted Average Exercise Price Per Share
	2022			2021				2022		2021
Stock options outstanding, beginning of period		3,736,157			4,892,962		$		26.61	$	26.81
Granted		—			—				—		—
Exercised		—			(38,754	)			—		21.26
Forfeited		—			(44,362	)			—		23.12
Expired		(126,569	)		(885,698	)			33.61		28.31
Cancelled		(2,197	)		(10,917	)			32.50		27.20
Stock options outstanding, end of period		3,607,391			3,913,231				26.36		26.56
Stock options exercisable, end of period		3,524,298			3,615,079				26.45		26.93

Restricted Stock Units Activity under the IMAX LTIP

The following table summarizes the activity in respect of RSUs issued under the IMAX LTIP for the three months ended March 31, 2022 and 2021:

	Number of Awards						Weighted Average Grant Date Fair Value Per Share
	2022			2021				2022			2021
RSUs outstanding, beginning of period		1,457,883			1,564,838		$		19.16	$		18.33
Granted		636,427			754,778				19.64			20.94
Vested and settled		(648,527	)		(523,573	)			18.78			18.82
Forfeited		(1,328	)		(60,329	)			14.84			20.08
RSUs outstanding, end of period		1,444,455			1,735,714				19.54			19.26

Performance Stock Units Activity under the IMAX LTIP

The following table summarizes the activity in respect of PSUs issued under the IMAX LTIP for the three months ended March 31, 2022 and 2021:

	Number of Awards					Weighted Average Grant Date Fair Value Per Share
	2022		2021				2022			2021
PSUs outstanding, beginning of period		613,405		361,844		$		18.21	$		15.68
Granted		359,138		308,438				20.34			20.77
Forfeited		—		(2,526	)			—			14.84
PSUs outstanding, end of period		972,543		667,756				19.00			18.03

Basic and Diluted Per-share Computations

The following table reconciles the denominator of the basic and diluted weighted average share computations:

	Three Months Ended
	March 31,
(In thousands)	2022			2021
Issued and outstanding, beginning of period		58,654			58,921
Weighted average number of shares (repurchased) issued, net		(80	)		91
Weighted average number of shares outstanding — basic		58,574			59,012
Weighted average effect of potential common shares, if dilutive		—			—
Weighted average number of shares outstanding — diluted		58,574			59,012