Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]


	As of December 31, 2023
			Accumulated		Net Book
(In thousands of U.S. Dollars)	Cost		Depreciation		Value
Equipment leased or held for use:
IMAX System components(1)(2)(3)	$	334,323	$	192,069	$	142,254
Camera and connectivity equipment		9,077		5,053		4,024
		343,400		197,122		146,278
Assets under construction(4)		20,125		—		20,125
Right-of-use assets(5)		13,545		1,526		12,019
Other property, plant and equipment:
Land		8,203		—		8,203
Buildings		81,374		33,748		47,626
Office and production equipment(6)		38,223		31,891		6,332
Leasehold improvements		7,926		5,210		2,716
		135,726		70,849		64,877
	$	512,796	$	269,497	$	243,299

	As of December 31, 2022
			Accumulated		Net Book
(In thousands of U.S. Dollars)	Cost		Depreciation		Value
Equipment leased or held for use:
IMAX System components(1)(2)(3)	$	345,960	$	194,444	$	151,516
Camera and connectivity equipment		8,597		3,859		4,738
		354,557		198,303		156,254
Assets under construction(4)		14,379		—		14,379
Right-of-use assets(5)		14,615		398		14,217
Other property, plant and equipment:
Land		8,203		—		8,203
Buildings		81,053		31,519		49,534
Office and production equipment(6)		38,485		31,360		7,125
Leasehold improvements		7,959		4,775		3,184
		135,700		67,654		68,046
	$	519,251	$	266,355	$	252,896

(1)

Included in system components are assets with costs of $1.4 million (2022 — $1.6 million) and accumulated depreciation of $1.2 million (2022 — $1.2 million) that are leased to customers under operating leases.

(2)

Included in system components are assets with costs of $317.8 million (2022 — $323.7 million) and accumulated depreciation of $181.2 million (2022 — $177.9 million) that are used in joint revenue sharing arrangements.

(3)

In 2023, the Company recorded charges of $0.8 million (2022 — $1.0 million; 2021 — $0.4 million) in Costs and Expenses Applicable to Technology Rentals mostly related to the write-down of leased xenon-based digital systems which were taken out of service in connection with customer upgrades to laser-based digital systems, as well as two IMAX Systems that was removed from their existing locations.

(4)

Included in assets under construction are components with costs of $16.4 million (2022 — $9.1 million) that will be utilized to construct assets to be used in joint revenue sharing arrangements.

(5)

The right-of-use assets primarily include operating leases for office and warehouse space.

(6)

Fully depreciated office and production equipment is still in use by the Company. In 2023, the Company identified and wrote off $2.4 million (2022 — $3.5 million) of office and production equipment that is fully depreciated and no longer in use.