Capital Stock and Reserves (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Stock Compensation

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands of U.S. Dollars)	2022		2021		2022		2021
Cost and expenses applicable to revenues	$	269	$	312	$	508	$	606
Selling, general and administrative expenses		7,263		6,396		12,989		11,340
Research and development		105		87		192		156
	$	7,637	$	6,795	$	13,689	$	12,102

Stock-based Compensation by Plan Type

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands of U.S. Dollars)	2022		2021		2022		2021
Stock Options	$	122	$	204	$	329	$	555
Restricted Share Units		4,478		4,473		7,889		7,624
Performance Stock Units		1,724		972		3,453		1,986
IMAX China Stock Options		24		46		58		102
IMAX China Long Term Incentive Plan Restricted Share Units		1,093		985		1,590		1,617
IMAX China Long Term Incentive Plan Performance Stock Units		196		115		370		218
	$	7,637	$	6,795	$	13,689	$	12,102

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 six months ended June 30, 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		—			(41,613	)			—		21.23
Forfeited		—			(86,587	)			—		22.51
Expired		(126,569	)		(903,038	)			33.61		28.31
Cancelled		(2,197	)		(10,917	)			32.50		27.20
Stock options outstanding, end of period		3,607,391			3,850,807				26.36		26.61
Stock options exercisable, end of period		3,524,888			3,600,160				26.45		26.92

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 six months ended June 30, 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		690,509			829,057				19.43			21.05
Vested and settled		(711,376	)		(568,714	)			18.68			19.10
Forfeited		(28,060	)		(220,195	)			20.16			19.66
RSUs outstanding, end of period		1,408,956			1,604,986				19.51			19.28

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 six months ended June 30, 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			309,574				20.34			20.77
Forfeited		(8,073	)		(54,634	)			20.90			16.08
PSUs outstanding, end of period		964,470			616,784				18.98			18.20

Basic and Diluted Per-share Computations

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In thousands)		2022			2021		2022			2021
Issued and outstanding, beginning of period			58,751			59,358		58,654			58,921
Weighted average number of shares (repurchased) issued, net			(1,430	)		9		(711	)		269
Weighted average number of shares outstanding — basic			57,321			59,367		57,943			59,190
Weighted average effect of potential common shares, if dilutive			—			—		—			—
Weighted average number of shares outstanding — diluted			57,321			59,367		57,943			59,190