0001564590-19-039072.txt : 20191031 0001564590-19-039072.hdr.sgml : 20191031 20191031135849 ACCESSION NUMBER: 0001564590-19-039072 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 114 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191031 DATE AS OF CHANGE: 20191031 FILER: 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: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35066 FILM NUMBER: 191183075 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 10-Q 1 imax-10q_20190930.htm 10-Q imax-10q_20190930.htm
0000921582 false 2019 Q3 --12-31 Large Accelerated Filer true false false true true true false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0.00 0 0 0 0 0 0 0 0 P7Y6M P7Y3M18D P7Y9M18D P8Y3M18D 0000921582 2019-01-01 2019-09-30 xbrli:shares 0000921582 2019-09-30 0000921582 dei:OtherAddressMember 2019-01-01 2019-09-30 iso4217:USD 0000921582 2018-12-31 iso4217:USD xbrli:shares 0000921582 2018-01-01 2018-12-31 0000921582 imax:EquipmentAndProductSalesMember 2019-07-01 2019-09-30 0000921582 imax:EquipmentAndProductSalesMember 2018-07-01 2018-09-30 0000921582 imax:EquipmentAndProductSalesMember 2019-01-01 2019-09-30 0000921582 imax:EquipmentAndProductSalesMember 2018-01-01 2018-09-30 0000921582 us-gaap:ServiceMember 2019-07-01 2019-09-30 0000921582 us-gaap:ServiceMember 2018-07-01 2018-09-30 0000921582 us-gaap:ServiceMember 2019-01-01 2019-09-30 0000921582 us-gaap:ServiceMember 2018-01-01 2018-09-30 0000921582 imax:RentalsMember 2019-07-01 2019-09-30 0000921582 imax:RentalsMember 2018-07-01 2018-09-30 0000921582 imax:RentalsMember 2019-01-01 2019-09-30 0000921582 imax:RentalsMember 2018-01-01 2018-09-30 0000921582 imax:FinanceIncomeMember 2019-07-01 2019-09-30 0000921582 imax:FinanceIncomeMember 2018-07-01 2018-09-30 0000921582 imax:FinanceIncomeMember 2019-01-01 2019-09-30 0000921582 imax:FinanceIncomeMember 2018-01-01 2018-09-30 0000921582 2019-07-01 2019-09-30 0000921582 2018-07-01 2018-09-30 0000921582 2018-01-01 2018-09-30 0000921582 imax:IMAXChinaMember 2019-01-01 2019-09-30 0000921582 2017-12-31 0000921582 2018-09-30 0000921582 us-gaap:CommonStockMember 2019-06-30 0000921582 us-gaap:CommonStockMember 2018-06-30 0000921582 us-gaap:CommonStockMember 2018-12-31 0000921582 us-gaap:CommonStockMember 2017-12-31 0000921582 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0000921582 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0000921582 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0000921582 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0000921582 us-gaap:CommonStockMember 2019-09-30 0000921582 us-gaap:CommonStockMember 2018-09-30 0000921582 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000921582 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0000921582 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000921582 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000921582 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0000921582 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0000921582 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0000921582 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0000921582 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0000921582 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0000921582 us-gaap:RetainedEarningsMember 2019-06-30 0000921582 us-gaap:RetainedEarningsMember 2018-06-30 0000921582 us-gaap:RetainedEarningsMember 2018-12-31 0000921582 us-gaap:RetainedEarningsMember 2017-12-31 0000921582 us-gaap:RetainedEarningsMember us-gaap:AccountingStandardsUpdate201409Member 2019-07-01 2019-09-30 0000921582 us-gaap:RetainedEarningsMember us-gaap:AccountingStandardsUpdate201409Member 2018-07-01 2018-09-30 0000921582 us-gaap:RetainedEarningsMember us-gaap:AccountingStandardsUpdate201409Member 2019-01-01 2019-09-30 0000921582 us-gaap:RetainedEarningsMember us-gaap:AccountingStandardsUpdate201409Member 2018-01-01 2018-09-30 0000921582 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0000921582 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0000921582 us-gaap:RetainedEarningsMember 2019-01-01 2019-09-30 0000921582 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0000921582 us-gaap:RetainedEarningsMember 2019-09-30 0000921582 us-gaap:RetainedEarningsMember 2018-09-30 0000921582 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0000921582 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0000921582 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000921582 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000921582 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000921582 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0000921582 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0000921582 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0000921582 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0000921582 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0000921582 us-gaap:NoncontrollingInterestMember 2019-06-30 0000921582 us-gaap:NoncontrollingInterestMember 2018-06-30 0000921582 us-gaap:NoncontrollingInterestMember 2018-12-31 0000921582 us-gaap:NoncontrollingInterestMember 2017-12-31 0000921582 us-gaap:NoncontrollingInterestMember us-gaap:AccountingStandardsUpdate201409Member 2019-07-01 2019-09-30 0000921582 us-gaap:NoncontrollingInterestMember us-gaap:AccountingStandardsUpdate201409Member 2018-07-01 2018-09-30 0000921582 us-gaap:NoncontrollingInterestMember us-gaap:AccountingStandardsUpdate201409Member 2019-01-01 2019-09-30 0000921582 us-gaap:NoncontrollingInterestMember us-gaap:AccountingStandardsUpdate201409Member 2018-01-01 2018-09-30 0000921582 us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0000921582 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0000921582 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-09-30 0000921582 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-09-30 0000921582 us-gaap:NoncontrollingInterestMember 2019-09-30 0000921582 us-gaap:NoncontrollingInterestMember 2018-09-30 0000921582 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0000921582 imax:OtherNoncontrollingInterestMember 2019-01-01 2019-09-30 imax:Entity 0000921582 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-01-01 2019-09-30 0000921582 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-01-01 2019-09-30 0000921582 us-gaap:AccountingStandardsUpdate201602Member srt:RestatementAdjustmentMember 2019-01-01 0000921582 us-gaap:AccountingStandardsUpdate201602Member srt:RestatementAdjustmentMember srt:MaximumMember 2019-01-01 0000921582 us-gaap:AccountingStandardsUpdate201602Member srt:ScenarioPreviouslyReportedMember 2018-12-31 0000921582 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0000921582 srt:MinimumMember 2019-09-30 0000921582 srt:MaximumMember 2019-09-30 0000921582 srt:MinimumMember 2019-01-01 2019-09-30 0000921582 srt:MaximumMember 2019-01-01 2019-09-30 xbrli:pure imax:Lease 0000921582 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-07-01 2019-09-30 0000921582 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2018-07-01 2018-09-30 0000921582 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-01-01 2019-09-30 0000921582 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2018-01-01 2018-09-30 0000921582 us-gaap:PropertyPlantAndEquipmentMember 2019-09-30 0000921582 us-gaap:PropertyPlantAndEquipmentMember 2019-01-01 0000921582 us-gaap:AccruedLiabilitiesMember 2019-09-30 0000921582 us-gaap:AccruedLiabilitiesMember 2019-01-01 0000921582 2019-01-01 0000921582 imax:PriorCreditFacilityMember srt:MinimumMember 2015-03-03 0000921582 imax:CreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember srt:MinimumMember 2019-01-01 2019-09-30 0000921582 imax:CreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember srt:MaximumMember 2019-01-01 2019-09-30 0000921582 imax:CreditFacilityMember us-gaap:BaseRateMember srt:MinimumMember 2019-01-01 2019-09-30 0000921582 imax:CreditFacilityMember us-gaap:BaseRateMember srt:MaximumMember 2019-01-01 2019-09-30 0000921582 imax:CreditFacilityMember 2019-01-01 2019-09-30 0000921582 imax:CreditFacilityMember srt:MaximumMember 2019-01-01 2019-09-30 0000921582 imax:CreditFacilityMember 2019-09-30 0000921582 imax:CreditFacilityMember 2018-12-31 iso4217:CNY 0000921582 imax:WorkingCapitalLoanMember 2018-07-05 0000921582 imax:WorkingCapitalLoanMember 2019-09-30 0000921582 imax:WorkingCapitalLoanMember 2018-12-31 0000921582 imax:WorkingCapitalLoanMember 2019-01-01 2019-09-30 0000921582 imax:WellsFargoForeignExchangeFacilityMember 2019-09-30 0000921582 imax:WellsFargoForeignExchangeFacilityMember 2018-12-31 0000921582 imax:BankOfMontrealFacilitiesMember 2019-09-30 0000921582 imax:BankOfMontrealFacilitiesMember 2018-12-31 0000921582 imax:BankOfMontrealFacilitiesMember 2019-01-01 2019-09-30 0000921582 imax:NationalBankOfCanadaFacilityMember us-gaap:SubsequentEventMember 2019-10-28 0000921582 2003-12-28 2008-03-27 0000921582 2004-01-03 2011-12-02 0000921582 2008-03-27 0000921582 2013-11-11 2015-12-14 0000921582 srt:MinimumMember 2013-11-11 2015-12-14 0000921582 imax:RentalMember 2019-07-01 2019-09-30 0000921582 imax:RentalMember 2019-01-01 2019-09-30 0000921582 imax:RentalMember 2018-07-01 2018-09-30 0000921582 imax:RentalMember 2018-01-01 2018-09-30 imax:exhibitor imax:Theater imax:Film 0000921582 country:CN 2019-09-30 0000921582 country:CN 2018-12-31 0000921582 us-gaap:CostOfSalesMember 2019-07-01 2019-09-30 0000921582 us-gaap:CostOfSalesMember 2018-07-01 2018-09-30 0000921582 us-gaap:CostOfSalesMember 2019-01-01 2019-09-30 0000921582 us-gaap:CostOfSalesMember 2018-01-01 2018-09-30 0000921582 us-gaap:ResearchAndDevelopmentExpenseMember 2019-07-01 2019-09-30 0000921582 us-gaap:ResearchAndDevelopmentExpenseMember 2018-07-01 2018-09-30 0000921582 us-gaap:ResearchAndDevelopmentExpenseMember 2019-01-01 2019-09-30 0000921582 us-gaap:ResearchAndDevelopmentExpenseMember 2018-01-01 2018-09-30 0000921582 us-gaap:RestructuringChargesMember 2019-07-01 2019-09-30 0000921582 us-gaap:RestructuringChargesMember 2018-07-01 2018-09-30 0000921582 us-gaap:RestructuringChargesMember 2019-01-01 2019-09-30 0000921582 us-gaap:RestructuringChargesMember 2018-01-01 2018-09-30 0000921582 us-gaap:EmployeeStockOptionMember 2019-07-01 2019-09-30 0000921582 us-gaap:EmployeeStockOptionMember 2018-07-01 2018-09-30 0000921582 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0000921582 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-09-30 0000921582 us-gaap:RestrictedStockUnitsRSUMember 2019-07-01 2019-09-30 0000921582 us-gaap:RestrictedStockUnitsRSUMember 2018-07-01 2018-09-30 0000921582 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0000921582 us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-09-30 0000921582 imax:ChinaRestrictedStockUnitsRSUMember 2019-07-01 2019-09-30 0000921582 imax:ChinaRestrictedStockUnitsRSUMember 2018-07-01 2018-09-30 0000921582 imax:ChinaRestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0000921582 imax:ChinaRestrictedStockUnitsRSUMember 2018-01-01 2018-09-30 0000921582 imax:EmployeeStockOptionChinaIncentivePlanMember 2019-07-01 2019-09-30 0000921582 imax:EmployeeStockOptionChinaIncentivePlanMember 2018-07-01 2018-09-30 0000921582 imax:EmployeeStockOptionChinaIncentivePlanMember 2019-01-01 2019-09-30 0000921582 imax:EmployeeStockOptionChinaIncentivePlanMember 2018-01-01 2018-09-30 0000921582 us-gaap:RestrictedStockUnitsRSUMember imax:NonEmployeeMember srt:MaximumMember 2019-07-01 2019-09-30 0000921582 us-gaap:RestrictedStockUnitsRSUMember imax:NonEmployeeMember srt:MaximumMember 2019-01-01 2019-09-30 0000921582 us-gaap:RestrictedStockUnitsRSUMember imax:NonEmployeeMember 2018-07-01 2018-09-30 0000921582 us-gaap:RestrictedStockUnitsRSUMember imax:NonEmployeeMember 2018-01-01 2018-09-30 0000921582 us-gaap:EmployeeStockOptionMember 2018-12-31 0000921582 us-gaap:EmployeeStockOptionMember 2017-12-31 0000921582 us-gaap:EmployeeStockOptionMember 2019-09-30 0000921582 us-gaap:EmployeeStockOptionMember 2018-09-30 0000921582 us-gaap:RestrictedStockUnitsRSUMember 2018-12-31 0000921582 us-gaap:RestrictedStockUnitsRSUMember 2017-12-31 0000921582 us-gaap:RestrictedStockUnitsRSUMember 2019-09-30 0000921582 us-gaap:RestrictedStockUnitsRSUMember 2018-09-30 0000921582 us-gaap:RestrictedStockUnitsRSUMember imax:NonEmployeeMember 2019-01-01 2019-09-30 0000921582 us-gaap:ParentMember 2019-01-01 2019-09-30 0000921582 us-gaap:ParentMember 2017-06-12 0000921582 us-gaap:ParentMember 2017-06-12 2017-06-12 0000921582 us-gaap:ParentMember 2019-07-01 2019-09-30 0000921582 us-gaap:ParentMember 2018-07-01 2018-09-30 0000921582 us-gaap:ParentMember 2018-01-01 2018-09-30 0000921582 us-gaap:NoncontrollingInterestMember 2018-05-03 0000921582 us-gaap:NoncontrollingInterestMember 2019-06-06 iso4217:HKD xbrli:shares 0000921582 2019-06-30 0000921582 2018-06-30 0000921582 us-gaap:FixedPriceContractMember imax:NetworkBusinessSegmentMember imax:ProductionAndImaxDmrMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:NetworkBusinessSegmentMember imax:ProductionAndImaxDmrMember 2019-07-01 2019-09-30 0000921582 imax:NetworkBusinessSegmentMember imax:ProductionAndImaxDmrMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 imax:NetworkBusinessSegmentMember imax:ProductionAndImaxDmrMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:NetworkBusinessSegmentMember imax:JointRevenueSharingArrangementsMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:NetworkBusinessSegmentMember imax:JointRevenueSharingArrangementsMember 2019-07-01 2019-09-30 0000921582 imax:NetworkBusinessSegmentMember imax:JointRevenueSharingArrangementsMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 imax:NetworkBusinessSegmentMember imax:JointRevenueSharingArrangementsMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:NetworkBusinessSegmentMember imax:ContingentRentMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:NetworkBusinessSegmentMember imax:ContingentRentMember 2019-07-01 2019-09-30 0000921582 imax:NetworkBusinessSegmentMember imax:ContingentRentMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 imax:NetworkBusinessSegmentMember imax:ContingentRentMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:NetworkBusinessSegmentMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:NetworkBusinessSegmentMember 2019-07-01 2019-09-30 0000921582 imax:NetworkBusinessSegmentMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 imax:NetworkBusinessSegmentMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessSegemntMember imax:SalesAndSalesTypeLeasesMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessSegemntMember imax:SalesAndSalesTypeLeasesMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:SalesAndSalesTypeLeasesMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:SalesAndSalesTypeLeasesMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessSegemntMember imax:OngoingFeesAndFinanceIncomeMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessSegemntMember imax:OngoingFeesAndFinanceIncomeMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:OngoingFeesAndFinanceIncomeMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:OngoingFeesAndFinanceIncomeMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessSegemntMember imax:HybridJointRevenueSharingArrrangementsMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessSegemntMember imax:HybridJointRevenueSharingArrrangementsMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:HybridJointRevenueSharingArrrangementsMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:HybridJointRevenueSharingArrrangementsMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessSegemntMember imax:TheaterSystemMaintenanceMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessSegemntMember imax:TheaterSystemMaintenanceMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:TheaterSystemMaintenanceMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:TheaterSystemMaintenanceMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessSegemntMember imax:TheaterBusinessOtherMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessSegemntMember imax:TheaterBusinessOtherMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:TheaterBusinessOtherMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:TheaterBusinessOtherMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessSegemntMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessSegemntMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:NewBusinessMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:NewBusinessMember 2019-07-01 2019-09-30 0000921582 imax:NewBusinessMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 imax:NewBusinessMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember us-gaap:AllOtherSegmentsMember imax:PostProductionMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember us-gaap:AllOtherSegmentsMember imax:PostProductionMember 2019-07-01 2019-09-30 0000921582 us-gaap:AllOtherSegmentsMember imax:PostProductionMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 us-gaap:AllOtherSegmentsMember imax:PostProductionMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember us-gaap:AllOtherSegmentsMember imax:DistributionMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember us-gaap:AllOtherSegmentsMember imax:DistributionMember 2019-07-01 2019-09-30 0000921582 us-gaap:AllOtherSegmentsMember imax:DistributionMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 us-gaap:AllOtherSegmentsMember imax:DistributionMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember us-gaap:AllOtherSegmentsMember imax:OtherMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember us-gaap:AllOtherSegmentsMember imax:OtherMember 2019-07-01 2019-09-30 0000921582 us-gaap:AllOtherSegmentsMember imax:OtherMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 us-gaap:AllOtherSegmentsMember imax:OtherMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember us-gaap:AllOtherSegmentsMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember us-gaap:AllOtherSegmentsMember 2019-07-01 2019-09-30 0000921582 us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 us-gaap:AllOtherSegmentsMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember 2019-07-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember 2019-07-01 2019-09-30 0000921582 imax:LeaseArrangementMember 2019-07-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:ContingentRentMember imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:ContingentRentMember imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 imax:ContingentRentMember imax:NetworkBusinessSegmentMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:ContingentRentMember imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 imax:NetworkBusinessSegmentMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:NetworkBusinessSegmentMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:TheaterBusinessSegemntMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:NewBusinessMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:NewBusinessMember 2019-01-01 2019-09-30 0000921582 imax:NewBusinessMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:NewBusinessMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:PostProductionMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:PostProductionMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 imax:PostProductionMember us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:PostProductionMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:DistributionMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:DistributionMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 imax:DistributionMember us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:DistributionMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:OtherMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:OtherMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 imax:OtherMember us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 imax:OtherMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 us-gaap:AllOtherSegmentsMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember 2019-01-01 2019-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember 2019-01-01 2019-09-30 0000921582 imax:LeaseArrangementMember 2019-01-01 2019-09-30 0000921582 us-gaap:FixedPriceContractMember imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember 2018-07-01 2018-09-30 0000921582 imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember 2018-07-01 2018-09-30 0000921582 imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:NetworkBusinessSegmentMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:NetworkBusinessSegmentMember 2018-07-01 2018-09-30 0000921582 imax:NetworkBusinessSegmentMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:NetworkBusinessSegmentMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:TheaterBusinessSegemntMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:NewBusinessMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:NewBusinessMember 2018-07-01 2018-09-30 0000921582 imax:NewBusinessMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:NewBusinessMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:PostProductionMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:PostProductionMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 imax:PostProductionMember us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:PostProductionMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:DistributionMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:DistributionMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 imax:DistributionMember us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:DistributionMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:OtherMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:OtherMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 imax:OtherMember us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 imax:OtherMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 us-gaap:AllOtherSegmentsMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember 2018-07-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember 2018-07-01 2018-09-30 0000921582 imax:LeaseArrangementMember 2018-07-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember 2018-01-01 2018-09-30 0000921582 imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:ProductionAndImaxDmrMember imax:NetworkBusinessSegmentMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember 2018-01-01 2018-09-30 0000921582 imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:JointRevenueSharingArrangementsMember imax:NetworkBusinessSegmentMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:NetworkBusinessSegmentMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:NetworkBusinessSegmentMember 2018-01-01 2018-09-30 0000921582 imax:NetworkBusinessSegmentMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:NetworkBusinessSegmentMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:SalesAndSalesTypeLeasesMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:OngoingFeesAndFinanceIncomeMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:HybridJointRevenueSharingArrrangementsMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:TheaterSystemMaintenanceMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:TheaterBusinessOtherMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 imax:TheaterBusinessSegemntMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:TheaterBusinessSegemntMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:NewBusinessMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:NewBusinessMember 2018-01-01 2018-09-30 0000921582 imax:NewBusinessMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:NewBusinessMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:PostProductionMember us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:PostProductionMember us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 imax:PostProductionMember us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:PostProductionMember us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:DistributionMember us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:DistributionMember us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 imax:DistributionMember us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:DistributionMember us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember imax:OtherMember us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember imax:OtherMember us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 imax:OtherMember us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 imax:OtherMember us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 us-gaap:AllOtherSegmentsMember imax:LeaseArrangementMember 2018-01-01 2018-09-30 0000921582 us-gaap:AllOtherSegmentsMember 2018-01-01 2018-09-30 0000921582 us-gaap:FixedPriceContractMember 2018-01-01 2018-09-30 0000921582 us-gaap:TimeAndMaterialsContractMember 2018-01-01 2018-09-30 0000921582 imax:LeaseArrangementMember 2018-01-01 2018-09-30 imax:Segment 0000921582 imax:ProductionAndImaxDmrMember 2019-07-01 2019-09-30 0000921582 imax:ProductionAndImaxDmrMember 2018-07-01 2018-09-30 0000921582 imax:ProductionAndImaxDmrMember 2019-01-01 2019-09-30 0000921582 imax:ProductionAndImaxDmrMember 2018-01-01 2018-09-30 0000921582 imax:JointRevenueSharingArrangementsMember 2019-07-01 2019-09-30 0000921582 imax:JointRevenueSharingArrangementsMember 2018-07-01 2018-09-30 0000921582 imax:JointRevenueSharingArrangementsMember 2019-01-01 2019-09-30 0000921582 imax:JointRevenueSharingArrangementsMember 2018-01-01 2018-09-30 0000921582 imax:ContingentRentMember 2019-07-01 2019-09-30 0000921582 imax:ContingentRentMember 2018-07-01 2018-09-30 0000921582 imax:ContingentRentMember 2019-01-01 2019-09-30 0000921582 imax:ContingentRentMember 2018-01-01 2018-09-30 0000921582 imax:NetworkBusinessTotalMember 2019-07-01 2019-09-30 0000921582 imax:NetworkBusinessTotalMember 2018-07-01 2018-09-30 0000921582 imax:NetworkBusinessTotalMember 2019-01-01 2019-09-30 0000921582 imax:NetworkBusinessTotalMember 2018-01-01 2018-09-30 0000921582 imax:ImaxSystemsMember 2019-07-01 2019-09-30 0000921582 imax:ImaxSystemsMember 2018-07-01 2018-09-30 0000921582 imax:ImaxSystemsMember 2019-01-01 2019-09-30 0000921582 imax:ImaxSystemsMember 2018-01-01 2018-09-30 0000921582 imax:HybridJointRevenueSharingArrrangementsMember 2019-07-01 2019-09-30 0000921582 imax:HybridJointRevenueSharingArrrangementsMember 2018-07-01 2018-09-30 0000921582 imax:HybridJointRevenueSharingArrrangementsMember 2019-01-01 2019-09-30 0000921582 imax:HybridJointRevenueSharingArrrangementsMember 2018-01-01 2018-09-30 0000921582 imax:TheaterSystemMaintenanceMember 2019-07-01 2019-09-30 0000921582 imax:TheaterSystemMaintenanceMember 2018-07-01 2018-09-30 0000921582 imax:TheaterSystemMaintenanceMember 2019-01-01 2019-09-30 0000921582 imax:TheaterSystemMaintenanceMember 2018-01-01 2018-09-30 0000921582 imax:TheaterBusinessOtherMember 2019-07-01 2019-09-30 0000921582 imax:TheaterBusinessOtherMember 2018-07-01 2018-09-30 0000921582 imax:TheaterBusinessOtherMember 2019-01-01 2019-09-30 0000921582 imax:TheaterBusinessOtherMember 2018-01-01 2018-09-30 0000921582 imax:TheaterNetworkTotalMember 2019-07-01 2019-09-30 0000921582 imax:TheaterNetworkTotalMember 2018-07-01 2018-09-30 0000921582 imax:TheaterNetworkTotalMember 2019-01-01 2019-09-30 0000921582 imax:TheaterNetworkTotalMember 2018-01-01 2018-09-30 0000921582 imax:PostProductionMember 2019-07-01 2019-09-30 0000921582 imax:PostProductionMember 2018-07-01 2018-09-30 0000921582 imax:PostProductionMember 2019-01-01 2019-09-30 0000921582 imax:PostProductionMember 2018-01-01 2018-09-30 0000921582 imax:DistributionMember 2019-07-01 2019-09-30 0000921582 imax:DistributionMember 2018-07-01 2018-09-30 0000921582 imax:DistributionMember 2019-01-01 2019-09-30 0000921582 imax:DistributionMember 2018-01-01 2018-09-30 0000921582 imax:OtherMember 2019-07-01 2019-09-30 0000921582 imax:OtherMember 2018-07-01 2018-09-30 0000921582 imax:OtherMember 2019-01-01 2019-09-30 0000921582 imax:OtherMember 2018-01-01 2018-09-30 0000921582 imax:OthersTotalMember 2019-07-01 2019-09-30 0000921582 imax:OthersTotalMember 2018-07-01 2018-09-30 0000921582 imax:OthersTotalMember 2019-01-01 2019-09-30 0000921582 imax:OthersTotalMember 2018-01-01 2018-09-30 0000921582 imax:SalesAndSalesTypeLeasesMember 2019-07-01 2019-09-30 0000921582 imax:SalesAndSalesTypeLeasesMember 2019-01-01 2019-09-30 0000921582 imax:SalesAndSalesTypeLeasesMember 2018-07-01 2018-09-30 0000921582 imax:SalesAndSalesTypeLeasesMember 2018-01-01 2018-09-30 0000921582 imax:DistributionMember srt:MaximumMember 2019-07-01 2019-09-30 0000921582 imax:GreaterChinaMember 2019-07-01 2019-09-30 0000921582 imax:GreaterChinaMember 2018-07-01 2018-09-30 0000921582 imax:GreaterChinaMember 2019-01-01 2019-09-30 0000921582 imax:GreaterChinaMember 2018-01-01 2018-09-30 0000921582 country:US 2019-07-01 2019-09-30 0000921582 country:US 2018-07-01 2018-09-30 0000921582 country:US 2019-01-01 2019-09-30 0000921582 country:US 2018-01-01 2018-09-30 0000921582 imax:AsiaExcludingGreaterChinaMember 2019-07-01 2019-09-30 0000921582 imax:AsiaExcludingGreaterChinaMember 2018-07-01 2018-09-30 0000921582 imax:AsiaExcludingGreaterChinaMember 2019-01-01 2019-09-30 0000921582 imax:AsiaExcludingGreaterChinaMember 2018-01-01 2018-09-30 0000921582 imax:WesternEuropeMember 2019-07-01 2019-09-30 0000921582 imax:WesternEuropeMember 2018-07-01 2018-09-30 0000921582 imax:WesternEuropeMember 2019-01-01 2019-09-30 0000921582 imax:WesternEuropeMember 2018-01-01 2018-09-30 0000921582 srt:LatinAmericaMember 2019-07-01 2019-09-30 0000921582 srt:LatinAmericaMember 2018-07-01 2018-09-30 0000921582 srt:LatinAmericaMember 2019-01-01 2019-09-30 0000921582 srt:LatinAmericaMember 2018-01-01 2018-09-30 0000921582 imax:RussiaAndCisMember 2019-07-01 2019-09-30 0000921582 imax:RussiaAndCisMember 2018-07-01 2018-09-30 0000921582 imax:RussiaAndCisMember 2019-01-01 2019-09-30 0000921582 imax:RussiaAndCisMember 2018-01-01 2018-09-30 0000921582 country:CA 2019-07-01 2019-09-30 0000921582 country:CA 2018-07-01 2018-09-30 0000921582 country:CA 2019-01-01 2019-09-30 0000921582 country:CA 2018-01-01 2018-09-30 0000921582 imax:RestOfWorldMember 2019-07-01 2019-09-30 0000921582 imax:RestOfWorldMember 2018-07-01 2018-09-30 0000921582 imax:RestOfWorldMember 2019-01-01 2019-09-30 0000921582 imax:RestOfWorldMember 2018-01-01 2018-09-30 0000921582 us-gaap:PensionPlansDefinedBenefitMember 2018-12-31 0000921582 us-gaap:PensionPlansDefinedBenefitMember 2017-12-31 0000921582 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-12-31 0000921582 us-gaap:PensionPlansDefinedBenefitMember 2019-09-30 0000921582 imax:DefinedContributionPensionPlanMember 2019-01-01 2019-09-30 0000921582 imax:CanadianPlanMember 2019-07-01 2019-09-30 0000921582 imax:CanadianPlanMember 2019-01-01 2019-09-30 0000921582 imax:CanadianPlanMember 2018-07-01 2018-09-30 0000921582 imax:CanadianPlanMember 2018-01-01 2018-09-30 0000921582 imax:UsInternalRevenueCodeMember 2019-07-01 2019-09-30 0000921582 imax:UsInternalRevenueCodeMember 2019-01-01 2019-09-30 0000921582 imax:UsInternalRevenueCodeMember 2018-07-01 2018-09-30 0000921582 imax:UsInternalRevenueCodeMember 2018-01-01 2018-09-30 0000921582 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-09-30 0000921582 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-12-31 0000921582 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember srt:MaximumMember 2019-07-01 2019-09-30 0000921582 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember srt:MaximumMember 2019-01-01 2019-09-30 0000921582 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember srt:MaximumMember 2018-07-01 2018-09-30 0000921582 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember srt:MaximumMember 2018-01-01 2018-09-30 0000921582 us-gaap:OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember 2019-09-30 0000921582 us-gaap:OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember 2018-12-31 0000921582 us-gaap:OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember 2019-07-01 2019-09-30 0000921582 us-gaap:OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember 2019-01-01 2019-09-30 0000921582 us-gaap:OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember 2018-07-01 2018-09-30 0000921582 us-gaap:OtherPensionPlansPostretirementOrSupplementalPlansDefinedBenefitMember 2018-01-01 2018-09-30 0000921582 us-gaap:DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember 2019-01-01 2019-09-30 0000921582 us-gaap:DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember 2019-09-30 0000921582 us-gaap:DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember 2018-12-31 0000921582 us-gaap:DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember 2019-07-01 2019-09-30 0000921582 us-gaap:DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember 2018-07-01 2018-09-30 0000921582 us-gaap:DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember 2018-01-01 2018-09-30 0000921582 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0000921582 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0000921582 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000921582 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000921582 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0000921582 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0000921582 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000921582 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000921582 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000921582 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000921582 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000921582 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000921582 imax:InGoodStandingMember 2019-09-30 0000921582 imax:CreditWatchMemberMember 2019-09-30 0000921582 imax:PreApprovedTransactionsMember 2019-09-30 0000921582 imax:TransactionsSuspendedMember 2019-09-30 0000921582 imax:InGoodStandingMember 2018-12-31 0000921582 imax:CreditWatchMemberMember 2018-12-31 0000921582 imax:PreApprovedTransactionsMember 2018-12-31 0000921582 imax:TransactionsSuspendedMember 2018-12-31 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember 2019-09-30 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember imax:NetFinancedSalesReceivablesMember 2019-09-30 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember 2019-09-30 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember 2018-12-31 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember imax:NetFinancedSalesReceivablesMember 2018-12-31 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember 2018-12-31 0000921582 imax:FinancingReceivables30To89DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember 2019-09-30 0000921582 imax:FinancingReceivables30To89DaysPastDueMember imax:NetFinancedSalesReceivablesMember 2019-09-30 0000921582 imax:FinancingReceivables30To89DaysPastDueMember 2019-09-30 0000921582 imax:FinancingReceivables30To89DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember 2018-12-31 0000921582 imax:FinancingReceivables30To89DaysPastDueMember imax:NetFinancedSalesReceivablesMember 2018-12-31 0000921582 imax:FinancingReceivables30To89DaysPastDueMember 2018-12-31 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember 2019-09-30 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember imax:NetFinancedSalesReceivablesMember 2019-09-30 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-09-30 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember 2018-12-31 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember imax:NetFinancedSalesReceivablesMember 2018-12-31 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2019-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2019-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2018-12-31 0000921582 imax:NetFinancedSalesReceivablesMember 2018-12-31 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember imax:NetFinancedSalesReceivablesMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember imax:NetFinancedSalesReceivablesMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 us-gaap:FinancingReceivables1To29DaysPastDueMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 imax:FinancingReceivables30To89DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 imax:FinancingReceivables30To89DaysPastDueMember imax:NetFinancedSalesReceivablesMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 imax:FinancingReceivables30To89DaysPastDueMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 imax:FinancingReceivables30To89DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 imax:FinancingReceivables30To89DaysPastDueMember imax:NetFinancedSalesReceivablesMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 imax:FinancingReceivables30To89DaysPastDueMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember imax:NetFinancedSalesReceivablesMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember us-gaap:FinanceLeasesPortfolioSegmentMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember imax:NetFinancedSalesReceivablesMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 imax:NetFinancedSalesReceivablesMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2019-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 imax:NetFinancedSalesReceivablesMember imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 imax:FinancingReceivablesContinueToAccrueFinanceIncomeMember 2018-12-31 0000921582 imax:WithRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2019-09-30 0000921582 imax:WithRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2019-09-30 0000921582 imax:WithoutRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2019-09-30 0000921582 imax:WithoutRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2019-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2019-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2019-09-30 0000921582 imax:WithRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2018-09-30 0000921582 imax:WithRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2018-09-30 0000921582 imax:WithoutRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2018-09-30 0000921582 imax:WithoutRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2018-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2018-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2018-09-30 0000921582 imax:WithRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2019-07-01 2019-09-30 0000921582 imax:WithRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2019-07-01 2019-09-30 0000921582 imax:WithoutRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2019-07-01 2019-09-30 0000921582 imax:WithoutRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2019-07-01 2019-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2019-07-01 2019-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2019-07-01 2019-09-30 0000921582 imax:WithRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2018-07-01 2018-09-30 0000921582 imax:WithRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2018-07-01 2018-09-30 0000921582 imax:WithoutRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2018-07-01 2018-09-30 0000921582 imax:WithoutRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2018-07-01 2018-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2018-07-01 2018-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2018-07-01 2018-09-30 0000921582 imax:WithRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2019-01-01 2019-09-30 0000921582 imax:WithRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2019-01-01 2019-09-30 0000921582 imax:WithoutRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2019-01-01 2019-09-30 0000921582 imax:WithoutRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2019-01-01 2019-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2019-01-01 2019-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2019-01-01 2019-09-30 0000921582 imax:WithRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2018-01-01 2018-09-30 0000921582 imax:WithRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2018-01-01 2018-09-30 0000921582 imax:WithoutRelatedAllowanceMember us-gaap:FinanceLeasesPortfolioSegmentMember 2018-01-01 2018-09-30 0000921582 imax:WithoutRelatedAllowanceMember imax:NetFinancedSalesReceivablesMember 2018-01-01 2018-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2018-01-01 2018-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2018-01-01 2018-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2019-06-30 0000921582 imax:NetFinancedSalesReceivablesMember 2019-06-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2019-07-01 2019-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2019-07-01 2019-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2019-01-01 2019-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2019-01-01 2019-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2018-06-30 0000921582 imax:NetFinancedSalesReceivablesMember 2018-06-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2017-12-31 0000921582 imax:NetFinancedSalesReceivablesMember 2017-12-31 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2018-07-01 2018-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2018-07-01 2018-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2018-01-01 2018-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2018-01-01 2018-09-30 0000921582 us-gaap:FinanceLeasesPortfolioSegmentMember 2018-09-30 0000921582 imax:NetFinancedSalesReceivablesMember 2018-09-30 imax:Country 0000921582 us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000921582 us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000921582 us-gaap:OtherAssetsMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000921582 us-gaap:OtherAssetsMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000921582 us-gaap:AccruedLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000921582 us-gaap:AccruedLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000921582 us-gaap:FairValueHedgingMember 2019-07-01 2019-09-30 0000921582 us-gaap:FairValueHedgingMember 2018-07-01 2018-09-30 0000921582 us-gaap:FairValueHedgingMember 2019-01-01 2019-09-30 0000921582 us-gaap:FairValueHedgingMember 2018-01-01 2018-09-30 0000921582 us-gaap:PropertyPlantAndEquipmentMember 2018-07-01 2018-09-30 0000921582 us-gaap:PropertyPlantAndEquipmentMember 2019-01-01 2019-09-30 0000921582 us-gaap:PropertyPlantAndEquipmentMember 2018-01-01 2018-09-30 0000921582 imax:EquityAccountedInvestmentMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-09-30 0000921582 imax:EquityAccountedInvestmentMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2018-12-31 0000921582 imax:EquityAccountedInvestmentMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-07-01 2019-09-30 0000921582 imax:EquityAccountedInvestmentMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2018-07-01 2018-09-30 0000921582 imax:EquityAccountedInvestmentMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-01-01 2019-09-30 0000921582 imax:EquityAccountedInvestmentMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2018-01-01 2018-09-30 0000921582 imax:PreferredStockOfBusinessVentureMember 2019-09-30 0000921582 imax:PreferredStockOfBusinessVentureMember 2018-12-31 0000921582 us-gaap:FixedIncomeSecuritiesMember 2019-09-30 0000921582 us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0000921582 us-gaap:PreferredStockMember 2019-09-30 0000921582 us-gaap:PreferredStockMember 2018-12-31 0000921582 imax:ImaxChinaNoncontrollingInterestMember 2019-09-30 0000921582 imax:OtherNoncontrollingInterestMember 2014-01-01 2014-12-31 0000921582 imax:OtherNoncontrollingInterestMember imax:ThirdPartyMember 2014-01-01 2014-12-31 0000921582 imax:OtherNoncontrollingInterestMember imax:ImaxMember 2019-01-01 2019-09-30 0000921582 imax:OtherNoncontrollingInterestMember 2019-09-30 0000921582 imax:OtherNoncontrollingInterestMember 2018-12-31 0000921582 imax:CorporateRestructuringCostsMember 2019-07-01 2019-09-30 0000921582 imax:CorporateRestructuringCostsMember 2018-07-01 2018-09-30 0000921582 imax:CorporateRestructuringCostsMember 2019-01-01 2019-09-30 0000921582 imax:CorporateRestructuringCostsMember 2018-01-01 2018-09-30 0000921582 imax:ProductionAndImaxDmrMember 2019-07-01 2019-09-30 0000921582 imax:ProductionAndImaxDmrMember 2018-07-01 2018-09-30 0000921582 imax:ProductionAndImaxDmrMember 2019-01-01 2019-09-30 0000921582 imax:ProductionAndImaxDmrMember 2018-01-01 2018-09-30 0000921582 imax:TheaterSystemMaintenanceMember 2019-07-01 2019-09-30 0000921582 imax:TheaterSystemMaintenanceMember 2018-07-01 2018-09-30 0000921582 imax:TheaterSystemMaintenanceMember 2019-01-01 2019-09-30 0000921582 imax:TheaterSystemMaintenanceMember 2018-01-01 2018-09-30

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

Form 10-Q

 

(Mark One)

        QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2019

OR

        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 001-35066

 

IMAX Corporation

(Exact name of registrant as specified in its charter)

 

 

Canada

98-0140269

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification Number)

 

 

2525 Speakman Drive,

Mississauga, Ontario, Canada L5K 1B1

(905) 403-6500

902 Broadway, Floor 20

New York, New York, USA 10010

(212) 821-0100

 

(Address of principal executive offices, zip code, telephone numbers)

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Common Shares, no par value

 

IMAX

 

The New York Stock Exchange

 

Securities registered pursuant to Section 12(g) of the Act:

None

(Title of class)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes     No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes     No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.  

 

Large accelerated filer

 

Accelerated filer

Non-accelerated filer

 

Smaller reporting company

 

 

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell Company (as defined in Rule 12b-2 of the Exchange Act).  Yes      No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

 

Class

 

Outstanding as of September 30, 2019

Common Shares, no par value

 

61,290,617

 

 

 

 

 


 

 

IMAX CORPORATION

 

Table of Contents

 

 

2


 

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain statements included in this quarterly report may constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, references to future capital expenditures (including the amount and nature thereof), business and technology strategies and measures to implement strategies, competitive strengths, goals, expansion and growth of business, operations and technology, plans and references to the future success of IMAX Corporation together with its consolidated subsidiaries (the "Company") and expectations regarding the Company's future operating, financial and technological results. These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. However, whether actual results and developments will conform with the expectations and predictions of the Company is subject to a number of risks and uncertainties, including, but not limited to, risks associated with investments and operations in foreign jurisdictions and any future international expansion, including those related to economic, political and regulatory policies of local governments and laws and policies of the United States and Canada; risks related to the Company’s growth and operations in China; the performance of IMAX DMR® films; the signing of theater system agreements; conditions, changes and developments in the commercial exhibition industry; risks related to currency fluctuations; the potential impact of increased competition in the markets within which the Company operates; competitive actions by other companies; the failure to respond to change and advancements in digital technology; risks relating to recent consolidation among commercial exhibitors and studios; risks related to new business initiatives; conditions in the in-home and out-of-home entertainment industries; the opportunities (or lack thereof) that may be presented to and pursued by the Company; risks related to cyber-security and data privacy; risks related to the Company’s inability to protect the Company’s intellectual property; general economic, market or business conditions; the failure to convert theater system backlog into revenue; changes in laws or regulations; the failure to fully realize the projected cost savings and benefits from any of the Company’s restructuring initiatives; and other factors, many of which are beyond the control of the Company. Consequently, all of the forward-looking statements made in this quarterly report are qualified by these cautionary statements, and actual results or anticipated developments by the Company may not be realized, and even if substantially realized, may not have the expected consequences to, or effects on, the Company. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise.

 

IMAX®, IMAX® Dome, IMAX® 3D, IMAX® 3D Dome, Experience It In IMAX®, The IMAX Experience®, An IMAX Experience®, An IMAX 3D Experience®, IMAX DMR®, DMR®, IMAX nXos®, IMAX think big®, think big® and IMAX Is Believing®, are trademarks and trade names of the Company or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions.

3


 

IMAX CORPORATION

 

PART I. FINANCIAL INFORMATION

 

Item 1.  Financial Statements

 

 

4


 

IMAX CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars)

(Unaudited)

 

 

 

September 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Assets

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

102,548

 

 

$

141,590

 

Accounts receivable, net of allowance for doubtful accounts of $4,996 (December 31, 2018 — $3,174)

 

 

81,681

 

 

 

93,309

 

Financing receivables, net of allowance for uncollectible amounts

 

 

121,340

 

 

 

127,432

 

Variable consideration receivable from contracts

 

 

37,080

 

 

 

35,985

 

Inventories

 

 

58,175

 

 

 

44,560

 

Prepaid expenses

 

 

11,477

 

 

 

10,294

 

Film assets

 

 

18,675

 

 

 

16,367

 

Property, plant and equipment

 

 

305,097

 

 

 

280,658

 

Investment in equity securities

 

 

13,659

 

 

 

1,022

 

Other assets

 

 

20,242

 

 

 

17,997

 

Deferred income taxes

 

 

29,742

 

 

 

31,264

 

Other intangible assets

 

 

31,246

 

 

 

34,095

 

Goodwill

 

 

39,027

 

 

 

39,027

 

Total assets

 

$

869,989

 

 

$

873,600

 

Liabilities

 

 

 

 

 

 

 

 

Bank indebtedness

 

$

18,103

 

 

$

37,753

 

Accounts payable

 

 

23,882

 

 

 

32,057

 

Accrued and other liabilities

 

 

104,443

 

 

 

97,724

 

Deferred revenue

 

 

104,169

 

 

 

106,709

 

Total liabilities

 

 

250,597

 

 

 

274,243

 

Commitments and contingencies

 

 

 

 

 

 

 

 

Non-controlling interests

 

 

6,761

 

 

 

6,439

 

Shareholders' equity

 

 

 

 

 

 

 

 

Capital stock common shares — no par value. Authorized — unlimited number.

 

 

 

 

 

 

 

 

61,362,281 issued and 61,290,617 outstanding (December 31, 2018 — 61,478,168 issued and 61,433,589 outstanding)

 

 

423,370

 

 

 

422,455

 

Less: Treasury stock, 71,664 shares at cost (December 31, 2018 — 44,579)

 

 

(1,572

)

 

 

(916

)

Other equity

 

 

168,204

 

 

 

179,595

 

Accumulated deficit

 

 

(58,424

)

 

 

(85,385

)

Accumulated other comprehensive loss

 

 

(4,122

)

 

 

(3,588

)

Total shareholders' equity attributable to common shareholders

 

 

527,456

 

 

 

512,161

 

Non-controlling interests

 

 

85,175

 

 

 

80,757

 

Total shareholders' equity

 

 

612,631

 

 

 

592,918

 

Total liabilities and shareholders' equity

 

$

869,989

 

 

$

873,600

 

 

(the accompanying notes are an integral part of these condensed consolidated financial statements)

5


 

IMAX CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands of U.S. dollars, except per share amounts)

(Unaudited)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equipment and product sales

 

$

21,735

 

 

$

25,301

 

 

$

56,629

 

 

$

60,182

 

Services

 

 

44,168

 

 

 

39,440

 

 

 

144,977

 

 

 

138,971

 

Rentals

 

 

17,642

 

 

 

14,479

 

 

 

61,675

 

 

 

57,805

 

Finance income

 

 

2,845

 

 

 

2,888

 

 

 

8,104

 

 

 

8,479

 

 

 

 

86,390

 

 

 

82,108

 

 

 

271,385

 

 

 

265,437

 

Costs and expenses applicable to revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equipment and product sales

 

 

11,740

 

 

 

14,099

 

 

 

33,114

 

 

 

29,620

 

Services

 

 

20,181

 

 

 

18,824

 

 

 

66,205

 

 

 

62,808

 

Rentals

 

 

7,349

 

 

 

6,994

 

 

 

20,253

 

 

 

19,722

 

 

 

 

39,270

 

 

 

39,917

 

 

 

119,572

 

 

 

112,150

 

Gross margin

 

 

47,120

 

 

 

42,191

 

 

 

151,813

 

 

 

153,287

 

Selling, general and administrative expenses

 

 

29,482

 

 

 

26,654

 

 

 

89,267

 

 

 

87,097

 

Research and development

 

 

1,359

 

 

 

4,028

 

 

 

3,717

 

 

 

11,542

 

Amortization of intangibles

 

 

1,271

 

 

 

1,039

 

 

 

3,564

 

 

 

2,896

 

Receivable provisions, net of recoveries

 

 

599

 

 

 

861

 

 

 

1,957

 

 

 

1,667

 

Legal arbitration award

 

 

 

 

 

 

 

 

 

 

 

7,500

 

Exit costs, restructuring charges and associated impairments

 

 

 

 

 

 

 

 

850

 

 

 

1,158

 

Income from operations

 

 

14,409

 

 

 

9,609

 

 

 

52,458

 

 

 

41,427

 

Change in fair value of equity investment

 

 

(490

)

 

 

 

 

 

(2,543

)

 

 

 

Retirement benefits non-service expense

 

 

(160

)

 

 

(126

)

 

 

(480

)

 

 

(374

)

Interest income

 

 

490

 

 

 

631

 

 

 

1,632

 

 

 

1,121

 

Interest expense

 

 

(489

)

 

 

(958

)

 

 

(1,806

)

 

 

(2,303

)

Income before income taxes

 

 

13,760

 

 

 

9,156

 

 

 

49,261

 

 

 

39,871

 

Provision for income taxes

 

 

(3,030

)

 

 

(1,452

)

 

 

(11,986

)

 

 

(9,540

)

Gain (loss) from equity-accounted investments, net of tax

 

 

166

 

 

 

(202

)

 

 

(56

)

 

 

(507

)

Net income

 

 

10,896

 

 

 

7,502

 

 

 

37,219

 

 

 

29,824

 

Less: net income attributable to non-controlling interests

 

 

(1,863

)

 

 

(2,482

)

 

 

(8,524

)

 

 

(8,674

)

Net income attributable to common shareholders

 

$

9,033

 

 

$

5,020

 

 

$

28,695

 

 

$

21,150

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to common shareholders -

   basic and diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share — basic and diluted

 

$

0.15

 

 

$

0.08

 

 

$

0.47

 

 

$

0.33

 

 

(the accompanying notes are an integral part of these condensed consolidated financial statements)

6


 

IMAX CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands of U.S. dollars)

(Unaudited)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income

 

$

10,896

 

 

$

7,502

 

 

$

37,219

 

 

$

29,824

 

Unrealized net gain (loss) from cash flow hedging instruments

 

 

(527

)

 

 

506

 

 

 

(162

)

 

 

(1,180

)

Realization of cash flow hedging net (gain) loss upon

   settlement

 

 

322

 

 

 

(47

)

 

 

1,015

 

 

 

(379

)

Foreign currency translation adjustments

 

 

(