Capital Stock (Tables)

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Stock compensation

The following reflects the stock-based compensation expense recorded to the respective financial statement line items:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Cost and expenses applicable to revenues	$	448	$	587	$	1,268	$	1,319
Selling, general and administrative expenses		4,983		4,840		15,371		15,499
Research and development		96		135		277		347
Exit costs, restructuring charges and associated impairments		—		—		—		(19	)
	$	5,527	$	5,562	$	16,916	$	17,146

Stock-based compensation by plan type

The following reflects a breakdown of the Company’s stock-based compensation expense by each plan type:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Stock options	$	2,145	$	1,489	$	6,228	$	4,239
Restricted Share Units		2,933		3,772		9,175		11,792
China Long Term Incentive Plan Restricted Share Units		363		241		1,283		961
China Options		86		60		230		154
	$	5,527	$	5,562	$	16,916	$	17,146

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes certain information in respect of option activity under the Company’s Stock Option Plan (“SOP”) and IMAX Amended and Restated Long Term Incentive Plan (“IMAX LTIP”) for the nine months ended September 30:

	Number of Shares							Weighted Average Exercise Price Per Share
	2019			2018			2019			2018
Options outstanding, beginning of period		5,465,046			5,082,100		$		27.63	$	29.31
Granted		1,016,882			1,081,120				20.66		21.96
Exercised		(86,337	)		(12,750	)			20.15		17.08
Forfeited		(329,346	)		(51,238	)			23.60		31.14
Expired		(299,134	)		(490,042	)			25.82		31.61
Cancelled		(26,281	)		(100,596	)			31.08		30.32
Options outstanding, end of period		5,740,830			5,508,594				26.82		27.66
Options exercisable, end of period		4,511,208			3,902,341				27.76		28.58

Restricted Stock Units activity under the IMAX LTIP

The following table summarizes certain information in respect of RSU activity under the IMAX LTIP for the nine months ended September 30:

	Number of Awards						Weighted Average Grant Date Fair Value Per Share
	2019			2018				2019			2018
RSUs outstanding, beginning of period		1,033,871			995,329		$		25.70	$		32.68
Granted		649,389			658,353				22.33			20.99
Vested and settled		(367,020	)		(392,066	)			26.66			30.87
Forfeited		(206,593	)		(63,621	)			23.77			30.34
RSUs outstanding, end of period		1,109,647			1,197,995				23.77			26.97

Basic and diluted per-share computations

Reconciliations of the numerator and denominator of the basic and diluted per-share computations are comprised of the following:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2019			2018		2019			2018
Net income applicable to common shareholders	$	9,033		$	5,020	$	28,695		$	21,150
Weighted average number of common shares (000's):
Issued and outstanding, beginning of period		61,331			62,522		61,434			64,696
Weighted average number of shares repurchased, net of shares    issued during the period		(27	)		29		(97	)		(1,230	)
Weighted average number of shares used in computing basic    income per share		61,304			62,551		61,337			63,466
Assumed exercise of stock options and RSUs, net of shares    assumed repurchased		175			242		172			114
Weighted average number of shares used in computing diluted    income per share		61,479			62,793		61,509			63,580