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Current Expected Credit Losses (Tables)

9 Months Ended

Sep. 30, 2020

Summary of Allowance For Credit Losses Related to Accounts Receivable

The following table summarizes the activity in the allowance for credit losses related to accounts receivable for the three and nine months ended September 30, 2020:

	Three Months Ended September 30, 2020												Nine Months Ended September 30, 2020
	Theater Operators			Studios			Other			Total			Theater Operators			Studios		Other			Total
Beginning balance	$	6,317		$	5,455		$	838		$	12,610		$	3,302		$	893	$	942		$	5,137
Current period provision		1,623			(262	)		468			1,829			4,718			4,424		364			9,506
Write-offs		(614	)		—			—			(614	)		(614	)		—		—			(614	)
Recoveries		—			—			—			—			—			—		—			—
Foreign exchange		133			184			(9	)		308			53			60		(9	)		104
Ending balance	$	7,459		$	5,377		$	1,297		$	14,133		$	7,459		$	5,377	$	1,297		$	14,133

Schedule of Financing Receivables

As at September 30, 2020 and December 31, 2019, financing receivables consist of the following:

	September 30,			December 31,
	2020			2019
Net investment in leases
Gross minimum payments due under sales-type leases	$	18,476		$	16,766
Unearned finance income		(877	)		(1,005	)
Present value of minimum payments due under sales-type leases		17,599			15,761
Allowance for credit losses		(504	)		(155	)
Net investment in leases		17,095			15,606
Financed sales receivables
Gross minimum payments due under financed sales		144,394			146,660
Unearned finance income		(30,106	)		(33,313	)
Present value of minimum payments due under financed sales		114,288			113,347
Allowance for credit losses		(4,643	)		(915	)
Net financed sales receivables		109,645			112,432
Total financing receivables	$	126,740		$	128,038

Net financed sales receivables due within one year	$	34,197		$	27,595
Net financed sales receivables due after one year	$	75,448		$	84,837
Total financed sales receivables	$	109,645		$	112,432

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

As at September 30, 2020 and December 31, 2019, 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:

	September 30,			December 31,
	2020			2019
Weighted-average remaining lease term (in years)
Sales-type lease arrangements		7.9			8.1
Weighted-average interest rate
Sales-type lease arrangements		5.38	%		6.68	%
Financed sales receivables		9.04	%		9.00	%

Schedule of Net Investment In Leases by Credit Quality Indicator

The following tables provide information on the Company’s net investment in leases by credit quality indicator as at September 30, 2020 and December 31, 2019:

	By Origination Year
As at September 30, 2020	2020		2019		2018		2017		2016		Prior		Total
Net investment in leases:
Credit quality classification:
In good standing	$	1,861	$	—	$	—	$	958	$	—	$	2,141	$	4,960
Credit Watch		—		8,106		3,087		—		—		707		11,900
Pre-approved transactions		—		—		—		—		—		9		9
Transactions suspended		—		—		—		—		—		730		730
Total net investment in leases	$	1,861	$	8,106	$	3,087	$	958	$	—	$	3,587	$	17,599

	By Origination Year
As at December 31, 2019	2019		2018		2017		2016		2015		Prior		Total
Net investment in leases:
Credit quality classification:
In good standing	$	7,874	$	3,045	$	989	$	—	$	—	$	3,186	$	15,094
Credit Watch		—		—		—		—		—		667		667
Pre-approved transactions		—		—		—		—		—		—		—
Transactions suspended		—		—		—		—		—		—		—
Total net investment in leases	$	7,874	$	3,045	$	989	$	—	$	—	$	3,853	$	15,761

Schedule of Financed Sale Receivables by Credit Quality Indicator

The following tables provide information on the Company’s financed sale receivables by credit quality indicator as at September 30, 2020 and December 31, 2019:

	By Origination Year
As at September 30, 2020	2020		2019		2018		2017		2016		Prior		Total
Financed sales receivables:
Credit quality classification:
In good standing	$	3,009	$	3,509	$	1,171	$	262	$	1,876	$	6,397	$	16,224
Credit Watch		701		8,242		13,545		15,584		14,388		41,424		93,884
Pre-approved transactions		—		—		—		—		599		668		1,267
Transactions suspended		—		—		—		924		905		1,084		2,913
Total financed sales receivables	$	3,710	$	11,751	$	14,716	$	16,770	$	17,768	$	49,573	$	114,288

	By Origination Year
As at December 31, 2019	2019		2018		2017		2016		2015		Prior		Total
Financed sales receivables:
Credit quality classification:
In good standing	$	11,981	$	14,414	$	16,556	$	15,208	$	—	$	44,291	$	102,450
Credit Watch		—		—		637		1,687		—		6,955		9,279
Pre-approved transactions		—		—		250		295		—		285		830
Transactions suspended		—		—		—		165		—		623		788
Total financed sales receivables	$	11,981	$	14,414	$	17,443	$	17,355	$	—	$	52,154	$	113,347

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 at September 30, 2020 and December 31, 2019:

	As at September 30, 2020
	Accrued and Current		30-89 Days		90+ Days		Billed		Unbilled		Recorded Receivable		Allowance for Credit Losses			Net
Net investment in leases	$	132	$	161	$	1,053	$	1,346	$	16,253	$	17,599	$	(504	)	$	17,095
Financed sales receivables		1,686		2,359		13,312		17,357		96,931		114,288		(4,643	)		109,645
Total	$	1,818	$	2,520	$	14,365	$	18,703	$	113,184	$	131,887	$	(5,147	)	$	126,740

	As at December 31, 2019
	Accrued and Current		30-89 Days		90+ Days		Billed		Unbilled		Recorded Receivable		Allowance for Credit Losses			Net
Net investment in leases	$	30	$	68	$	251	$	349	$	15,412	$	15,761	$	(155	)	$	15,606
Financed sales receivables		1,678		2,772		5,446		9,896		103,451		113,347		(915	)		112,432
Total	$	1,708	$	2,840	$	5,697	$	10,245	$	118,863	$	129,108	$	(1,070	)	$	128,038

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

The following table provides 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 at September 30, 2020 and December 31, 2019:

	As at September 30, 2020
	Accrued and Current		30-89 Days		90+ Days		Billed		Unbilled		Allowance for Credit Losses			Net
Net investment in leases	$	123	$	142	$	746	$	1,011	$	12,181	$	(290	)	$	12,902
Financed sales receivables		1,384		1,908		12,991		16,283		69,963		(2,211	)		84,035
Total	$	1,507	$	2,050	$	13,737	$	17,294	$	82,144	$	(2,501	)	$	96,937

	As at December 31, 2019
	Accrued and Current		30-89 Days		90+ Days		Billed		Unbilled		Allowance for Credit Losses			Net
Net investment in leases	$	9	$	19	$	251	$	279	$	578	$	—		$	857
Financed sales receivables		1,146		1,290		5,523		7,959		29,173		—			37,132
Total	$	1,155	$	1,309	$	5,774	$	8,238	$	29,751	$	—		$	37,989

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 at September 30, 2020 and December 31, 2019:

	As at September 30, 2020							As at December 31, 2019
	Recorded Receivable		Allowance for Credit Losses			Net		Recorded Receivable		Allowance for Credit Losses			Net
Net investment in leases	$	730	$	(18	)	$	712	$	—	$	—		$	—
Net financed sales receivables		2,913		(1,187	)		1,726		788		(732	)		56
Total	$	3,643	$	(1,205	)	$	2,438	$	788	$	(732	)	$	56

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

The following table summarizes 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 nine months ended September 30, 2020 and 2019:

	Three Months Ended September 30, 2020						Nine Months Ended September 30, 2020
	Net Investment			Financed			Net Investment			Financed
	in Leases			Sales Receivables			in Leases			Sales Receivables
Beginning balance	$	459		$	3,709		$	155		$	915
Current period provision		105			1,201			409			4,014
Write-offs		(69	)		(330	)		(69	)		(330	)
Recoveries		—			—			—			—
Foreign exchange		9			63			9			44
Ending balance	$	504		$	4,643		$	504		$	4,643

	Three Months Ended September 30, 2019						Nine Months Ended September 30, 2019
	Net Investment			Net Financed			Net Investment			Net Financed
	in Leases			Sales Receivables			in Leases			Sales Receivables
Beginning balance	$	155		$	839		$	155		$	839
Charge-offs		—			—			—			—
Recoveries		—			—			—			—
Provision		—			76			—			76
Ending balance	$	155		$	915		$	155		$	915

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 nine months ended September 30, 2020:

	Three Months Ended September 30, 2020		Nine Months Ended September 30, 2020
	Theater Operators		Theater Operators
Beginning balance	$	863	$	—
Current period provision		790		1,653
Write-offs		—		—
Recoveries		—		—
Foreign Exchange		6		6
Ending balance	$	1,659	$	1,659