Receivables (Tables)

6 Months Ended

Jun. 30, 2022

Receivables [Abstract]

Summary of Allowance For Credit Losses Related to Accounts Receivable

The following tables summarize the activity in the allowance for credit losses related to Accounts Receivable for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended June 30, 2022												Six Months Ended June 30, 2022
(In thousands of U.S. Dollars)	Theater Operators			Studios			Other			Total			Theater Operators			Studios			Other			Total
Beginning balance	$	10,831		$	1,995		$	1,358		$	14,184		$	8,867		$	1,994		$	1,085		$	11,946
Current period provision (reversal), net		134			(104	)		(57	)		(27	)		2,115			(101	)		216			2,230
Write-offs		(43	)		(124	)		(394	)		(561	)		(43	)		(124	)		(394	)		(561	)
Foreign exchange		(218	)		(23	)		—			(241	)		(235	)		(25	)		—			(260	)
Ending balance	$	10,704		$	1,744		$	907		$	13,355		$	10,704		$	1,744		$	907		$	13,355
	Three Months Ended June 30, 2021												Six Months Ended June 30, 2021
(In thousands of U.S. Dollars)	Theater Operators			Studios			Other			Total			Theater Operators			Studios			Other			Total
Beginning balance	$	8,783		$	3,771		$	1,188		$	13,742		$	8,368		$	4,481		$	1,446		$	14,295
Current period (reversal) provision, net		(221	)		(1,178	)		4			(1,395	)		378			(1,677	)		(245	)		(1,544	)
Write-offs		(65	)		(103	)		—			(168	)		(235	)		(252	)		—			(487	)
Foreign exchange		100			27			—			127			86			(35	)		(9	)		42
Ending balance	$	8,597		$	2,517		$	1,192		$	12,306		$	8,597		$	2,517		$	1,192		$	12,306

Schedule of Financing Receivables

As of June 30, 2022 and December 31, 2021, financing receivables consist of the following:

	June 30,			December 31,
(In thousands of U.S. Dollars)	2022			2021
Net investment in leases
Gross minimum payments due under sales-type leases	$	28,438		$	29,953
Unearned finance income		(1,037	)		(763	)
Present value of minimum payments due under sales-type leases		27,401			29,190
Allowance for credit losses		(688	)		(798	)
Net investment in leases		26,713			28,392
Financed sales receivables
Gross minimum payments due under financed sales		141,976			152,315
Unearned finance income		(30,478	)		(34,244	)
Present value of minimum payments due under financed sales		111,498			118,071
Allowance for credit losses		(11,038	)		(5,414	)
Net financed sales receivables		100,460			112,657
Total financing receivables	$	127,173		$	141,049
Net financed sales receivables due within one year	$	28,937		$	29,115
Net financed sales receivables due after one year		71,523			83,542
Total financed sales receivables	$	100,460		$	112,657

Schedule of Weighted-average Remaining Lease Term and Weighted-average Interest Rate

As of June 30, 2022 and December 31, 2021, the weighted-average remaining lease term and weighted-average interest rate associated with the Company’s sales-type lease arrangements and financed sale receivables, as applicable, are as follows:

	June 30,			December 31,
	2022			2021
Weighted-average remaining lease term (in years)
Sales-type lease arrangements		9.4			9.6
Weighted-average interest rate
Sales-type lease arrangements		6.68	%		6.56	%
Financed sales receivables		8.78	%		8.79	%

Schedule of Net Investment In Leases by Credit Quality Indicator

The tables below provide information on the Company’s net investment in leases by credit quality indicator as of June 30, 2022 and December 31, 2021. The amounts disclosed for each credit quality classification are determined on a customer-by-customer basis and include both billed and unbilled amounts.

(In thousands of U.S. Dollars)	By Origination Year
As of June 30, 2022	2022		2021		2020		2019		2018		Prior		Total
Net investment in leases:
Credit quality classification:
In good standing	$	858	$	10,427	$	3,791	$	7,553	$	2,014	$	1,381	$	26,024
Credit Watch		—		—		—		—		450		—		450
Pre-approved transactions		—		—		—		—		—		—		—
Transactions suspended		—		—		—		—		—		927		927
Total net investment in leases	$	858	$	10,427	$	3,791	$	7,553	$	2,464	$	2,308	$	27,401
(In thousands of U.S. Dollars)	By Origination Year
As of December 31, 2021	2021		2020		2019		2018		2017		Prior		Total
Net investment in leases:
Credit quality classification:
In good standing	$	11,030	$	3,991	$	7,973	$	2,574	$	823	$	1,928	$	28,319
Credit Watch		—		—		—		—		—		—		—
Pre-approved transactions		—		—		—		—		—		—		—
Transactions suspended		—		—		—		—		—		871		871
Total net investment in leases	$	11,030	$	3,991	$	7,973	$	2,574	$	823	$	2,799	$	29,190

Schedule of Financed Sale Receivables by Credit Quality Indicator

The tables below provide information on the Company’s financed sale receivables by credit quality indicator as of June 30, 2022 and December 31, 2021. The amounts disclosed for each credit quality classification are determined on a customer-by-customer basis and include both billed and unbilled amounts.

(In thousands of U.S. Dollars)	By Origination Year
As of June 30, 2022	2022		2021		2020		2019		2018		Prior		Total
Financed sales receivables:
Credit quality classification:
In good standing	$	3,887	$	11,074	$	7,824	$	8,737	$	11,485	$	46,393	$	89,400
Credit Watch		41		—		—		—		—		1,615		1,656
Pre-approved transactions		—		—		—		1,271		568		6,826		8,665
Transactions suspended		—		681		142		1,189		961		8,804		11,777
Total financed sales receivables	$	3,928	$	11,755	$	7,966	$	11,197	$	13,014	$	63,638	$	111,498
(In thousands of U.S. Dollars)	By Origination Year
As of December 31, 2021	2021		2020		2019		2018		2017		Prior		Total
Financed sales receivables:
Credit quality classification:
In good standing	$	12,520	$	8,251	$	10,593	$	13,278	$	12,615	$	47,950	$	105,207
Credit Watch		—		—		—		—		321		1,292		1,613
Pre-approved transactions		—		—		743		418		2,098		3,650		6,909
Transactions suspended		—		—		335		—		680		3,327		4,342
Total financed sales receivables	$	12,520	$	8,251	$	11,671	$	13,696	$	15,714	$	56,219	$	118,071

Schedule of Aging Analysis for Net Investment in Leases and Financed Sale Receivables

The following tables provide an aging analysis for the Company’s net investment in leases and financed sale receivables as of June 30, 2022 and December 31, 2021:

	As of June 30, 2022
(In thousands of U.S. Dollars)	Accrued and Current		30-89 Days		90+ Days		Billed		Unbilled		Recorded Receivable		Allowance for Credit Losses			Net
Net investment in leases	$	229	$	477	$	1,934	$	2,640	$	24,761	$	27,401	$	(688	)	$	26,713
Financed sales receivables		1,093		2,509		8,546		12,148		99,350		111,498		(11,038	)		100,460
Total	$	1,322	$	2,986	$	10,480	$	14,788	$	124,111	$	138,899	$	(11,726	)	$	127,173
	As of December 31, 2021
(In thousands of U.S. Dollars)	Accrued and Current		30-89 Days		90+ Days		Billed		Unbilled		Recorded Receivable		Allowance for Credit Losses			Net
Net investment in leases	$	225	$	156	$	1,267	$	1,648	$	27,542	$	29,190	$	(798	)	$	28,392
Financed sales receivables		1,750		989		8,378		11,117		106,954		118,071		(5,414	)		112,657
Total	$	1,975	$	1,145	$	9,645	$	12,765	$	134,496	$	147,261	$	(6,212	)	$	141,049

Schedule of Net Investment in Leases and Financed Sale Receivables with Billed Amounts Past Due Continues to Accrue Finance Income

The following tables provide information about the Company’s net investment in leases and financed sale receivables with billed amounts past due for which it continues to accrue finance income as of June 30, 2022 and December 31, 2021. The amounts disclosed for each credit quality classification are determined on a customer-by-customer basis and include both billed and unbilled amounts.

	As of June 30, 2022
(In thousands of U.S. Dollars)	Accrued and Current		30-89 Days		90+ Days		Billed		Unbilled		Allowance for Credit Losses			Net
Net investment in leases	$	207	$	419	$	1,446	$	2,072	$	19,767	$	(255	)	$	21,584
Financed sales receivables		861		1,833		6,885		9,579		47,175		(1,273	)		55,481
Total	$	1,068	$	2,252	$	8,331	$	11,651	$	66,942	$	(1,528	)	$	77,065
	As of December 31, 2021
(In thousands of U.S. Dollars)	Accrued and Current		30-89 Days		90+ Days		Billed		Unbilled		Allowance for Credit Losses			Net
Net investment in leases	$	143	$	132	$	825	$	1,100	$	12,619	$	(176	)	$	13,543
Financed sales receivables		959		729		6,190		7,878		41,439		(1,413	)		47,904
Total	$	1,102	$	861	$	7,015	$	8,978	$	54,058	$	(1,589	)	$	61,447

Schedule of Net Investment in Leases and Financed Sale Receivables on Nonaccrual Status

The following table provides information about the Company’s net investment in leases and financed sale receivables that are on nonaccrual status as of June 30, 2022 and December 31, 2021:

	As of June 30, 2022							As of December 31, 2021
(In thousands of U.S. Dollars)	Recorded Receivable		Allowance for Credit Losses			Net		Recorded Receivable		Allowance for Credit Losses			Net
Net investment in leases	$	927	$	(304	)	$	623	$	871	$	(309	)	$	562
Net financed sales receivables		18,158		(9,380	)		8,778		8,642		(2,357	)		6,285
Total	$	19,085	$	(9,684	)	$	9,401	$	9,513	$	(2,666	)	$	6,847

Summary of Allowance for Credit Losses Related to Net Investment in Leases and Financed Sale Receivables

The following tables summarize the activity in the allowance for credit losses related to the Company’s net investment in leases and financed sale receivables for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended June 30, 2022						Six Months Ended June 30, 2022
	Net Investment			Financed			Net Investment			Financed
(In thousands of U.S. Dollars)	in Leases			Sales Receivables			in Leases			Sales Receivables
Beginning balance	$	706		$	11,135		$	798		$	5,414
Current period (reversal) provision, net		(1	)		67			(94	)		5,775
Write-offs		—			—			—			—
Foreign exchange		(17	)		(164	)		(16	)		(151	)
Ending balance	$	688		$	11,038		$	688		$	11,038
	Three Months Ended June 30, 2021						Six Months Ended June 30, 2021
	Net Investment			Net Financed			Net Investment			Net Financed
(In thousands of U.S. Dollars)	in Leases			Sales Receivables			in Leases			Sales Receivables
Beginning balance	$	581		$	7,491		$	557		$	7,274
Current period (reversal) provision, net		(7	)		(432	)		20			(205	)
Write-offs		—			—			—			—
Foreign exchange		5			54			2			44
Ending balance	$	579		$	7,113		$	579		$	7,113

Summary of Allowance For Credit Losses Related to Variable Consideration Receivables

The following table summarizes the activity in the allowance for credit losses related to Variable Consideration Receivables for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
(In thousands of U.S. Dollars)	Theater Operators			Theater Operators			Theater Operators			Theater Operators
Beginning balance	$	439		$	2,088		$	1,082		$	1,887
Current period provision (reversal), net		73			(38	)		(570	)		162
Write-offs		—			—			—			—
Foreign exchange		(9	)		(22	)		(9	)		(21	)
Ending balance	$	503		$	2,028		$	503		$	2,028