XML 97 R84.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Reporting - Breakdown of Revenue and Gross Margin (Margin Loss) by Category (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Revenue $ 37,256 $ 86,390 $ 81,013 $ 271,385
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] 3,829 47,120 1,227 151,813
IMAX DMR [Member]        
Revenues        
Revenue 6,886 26,665 18,061 93,908
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] 3,079 17,866 7,492 61,602
Joint Revenue Sharing Arrangements, Contingent Rent [Member]        
Revenues        
Revenue 4,473 16,605 10,307 60,189
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] (2,491) 9,524 (10,610) 40,777
IMAX Technology Network [Member]        
Revenues        
Revenue 11,359 43,270 28,368 154,097
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] 588 27,390 (3,118) 102,379
Joint Revenue Sharing Arrangements, Fixed Fees [Member]        
Revenues        
Revenue 57 1,438 1,196 6,525
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] (117) 136 110 1,301
IMAX Systems [Member]        
Revenues        
Revenue [2] 17,437 20,977 27,674 50,504
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1],[2] 8,671 11,652 14,497 26,723
IMAX Maintenance Segment [Member]        
Revenues        
Revenue 5,855 13,657 13,225 39,815
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] 794 6,125 (355) 17,046
Other Theater Business [Member]        
Revenues        
Revenue [3] 307 1,560 1,261 5,766
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1],[3] 31 505 77 1,821
IMAX Technology Sales and Maintenance [Member]        
Revenues        
Revenue 23,656 37,632 43,356 102,610
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] 9,379 18,418 14,329 46,891
New Business Initiatives [Member]        
Revenues        
Revenue 378 596 1,488 1,908
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] 372 541 1,245 1,441
Film Distribution [Member]        
Revenues        
Revenue [4] 1,126 1,343 4,453 3,333
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1],[4] (5,597) (760) (9,296) (1,093)
Post-production [Member]        
Revenues        
Revenue 739 2,185 3,088 6,458
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] (464) 810 (96) 1,576
Reportable Segments [Member]        
Revenues        
Revenue 1,865 3,528 7,541 9,791
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] (6,061) 50 (9,392) 483
Reportable Segments        
Revenues        
Revenue 37,258 85,026 80,753 268,406
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] 4,278 46,399 3,064 151,194
Other [Member]        
Revenues        
Revenue (2) 1,364 260 2,979
Gross Margin (Margin Loss)        
Gross Margin (Margin Loss) [1] $ (449) $ 721 $ (1,837) $ 619
[1] IMAX DMR gross margin includes marketing costs of $0.4 million and $2.8 million for the three and nine months ended September 30, 2020, respectively (2019 — $4.3 million and $17.7 million, respectively). JRSA gross margin includes advertising, marketing and commission expense of $0.7 million and $1.3 million for the three and nine months ended September 30, 2020, respectively (2019 —$0.8 million and $1.1 million, respectively). IMAX Systems gross margin includes marketing and commission costs of $0.6 million and $1.0 million for the three and nine months ended September 30, 2020, respectively, (2019 — $0.6 million and $1.5 million, respectively). Film Distribution segment gross margin includes marketing expense of $0.2 million and $0.4 million for the three and nine months ended September 30, 2020, respectively (2019 — $0.1 million and $0.7 million, respectively).
[2] Includes initial upfront payments and the present value of fixed minimum payments from sales and sales-type lease arrangements of IMAX Theater Systems, and the present value of estimated variable consideration from sales of IMAX Theater Systems. To a lesser extent, also includes finance income associated with these revenue streams.
[3] Principally includes after-market sales of IMAX projection system parts and 3D glasses
[4] During the three and nine months ended September 30, 2020, Film Distribution segment results were significantly influenced by impairment losses of $5.4 million and $9.9 million, respectively, to write-down the carrying value of certain documentary and alternative content film assets due to a decrease in projected box office totals and related revenues based on management’s regular quarterly recoverability assessments (2019 – $0.2 million and $0.2 million).