0001493152-17-012526.txt : 20171107 0001493152-17-012526.hdr.sgml : 20171107 20171107161643 ACCESSION NUMBER: 0001493152-17-012526 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 80 CONFORMED PERIOD OF REPORT: 20170930 FILED AS OF DATE: 20171107 DATE AS OF CHANGE: 20171107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BALLANTYNE STRONG, INC. CENTRAL INDEX KEY: 0000946454 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 470587703 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-13906 FILM NUMBER: 171183569 BUSINESS ADDRESS: STREET 1: 11422 MIRACLE HILLS DRIVE STREET 2: SUITE 300 CITY: OMAHA STATE: NE ZIP: 68154 BUSINESS PHONE: 4024534444 MAIL ADDRESS: STREET 1: 11422 MIRACLE HILLS DRIVE STREET 2: SUITE 300 CITY: OMAHA STATE: NE ZIP: 68154 FORMER COMPANY: FORMER CONFORMED NAME: BALLANTYNE OF OMAHA INC DATE OF NAME CHANGE: 19950608 10-Q 1 form10-q.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 10-Q

 

(Mark One)

 

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

 

For the quarterly period ended September 30, 2017

 

OR

 

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

 

For the transition period from_____________ to _____________

 

 

 

Commission File Number: 1-13906

 

BALLANTYNE STRONG, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware   47-0587703
(State or Other Jurisdiction of   (IRS Employer
Incorporation or Organization)   Identification Number)
     
11422 Miracle Hills Drive, Suite 300, Omaha, Nebraska   68154
(Address of Principal Executive Offices)   (Zip Code)

 

(402) 453-4444

(Registrant’s telephone number, including area code:)

 

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 twelve 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 [X] No [  ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files). Yes [X] No [  ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, 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 (check one):

 

Large accelerated filer [  ] Accelerated filer [X]
Non-accelerated filer [  ] (Do not check if a smaller reporting company)    
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 [X]

 

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 October 31, 2017
Common Stock, $.01, par value  14,416,040 shares

 

 

 

 
 

 

TABLE OF CONTENTS

 

    Page No.
     
  PART I. FINANCIAL INFORMATION  
     
Item 1. Financial Statements  
     
  Condensed Consolidated Balance Sheets, September 30, 2017 and December 31, 2016 3
     
  Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2017 and 2016 4
     
  Condensed Consolidated Statements of Comprehensive (Loss) Income for the Three and Nine Months Ended September 30, 2017 and 2016 5
     
  Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2017 and 2016 6
     
  Notes to the Condensed Consolidated Financial Statements 7
     
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 21
     
Item 3. Quantitative and Qualitative Disclosures about Market Risk 27
     
Item 4. Controls and Procedures 27
     
  PART II. OTHER INFORMATION  
     
Item 1. Legal Proceedings 28
     
Item 1A. Risk Factors 28
     

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

28

     
Item 6. Exhibits 29
     
  Signatures 30

 

2
 

 

PART I. Financial Information

 

Item 1. Financial Statements

 

Ballantyne Strong, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(In thousands, except par values)

 

   September 30, 2017   December 31, 2016 
   (Unaudited)     
Assets        
Current assets:          
Cash and cash equivalents  $4,049   $7,596 
Accounts receivable (net of allowance for doubtful accounts of $1,767 and $1,097, respectively)   15,465    16,316 
Inventories:          
Raw materials and components, net   1,290    1,341 
Work in process   395    247 
Finished goods, net   5,295    4,975 
Total inventories, net   6,980    6,563 
Recoverable income taxes   431    672 
Other current assets   1,703    1,746 
Current assets held for sale       188 
Total current assets   28,628    33,081 
Property, plant and equipment (net of accumulated depreciation of $8,529 and $7,066 respectively)   11,357    11,187 
Equity method investments   17,644    13,098 
Intangible assets, net   3,973    2,357 
Goodwill   957    889 
Notes receivable   1,669    1,669 
Deferred income taxes       84 
Other assets   170    74 
Total assets  $64,398   $62,439 
Liabilities and Stockholders' Equity          
Current liabilities:          
Accounts payable  $6,301   $5,175 
Accrued expenses   3,686    4,097 
Short-term debt   500     
Current portion of long-term debt   64    

 
Customer deposits/deferred revenue   3,057    4,211 
Income tax payable   15    108 
Current liabilities held for sale       57 
Total current liabilities   13,623    13,648 
Long-term debt, net of current portion   1,884    

 
Deferred revenue   1,214    1,226 
Deferred income taxes   2,522    1,841 
Other accrued expenses, net of current portion   398    570 
Total liabilities   19,641    17,285 
Stockholders' equity:          
Preferred stock, par value $.01 per share; authorized 1,000 shares, none outstanding        
Common stock, par value $.01 per share; authorized 25,000 shares; issued 17,216 and 17,047 shares at September 30, 2017 and December 31, 2016, respectively; 14,422 and 14,268 shares outstanding at September 30, 2017 and December 31, 2016, respectively   169    169 
Additional paid-in capital   40,364    39,758 
Accumulated other comprehensive income (loss):          
Foreign currency translation   (4,202)   (5,709)
Postretirement benefit obligations   97    97 
Unrealized gain on available-for-sale securities of equity method investment   351    136 
Retained earnings   26,564    29,187 
    63,343    63,638 
Less 2,794 and 2,779 of common shares in treasury, at cost at September 30, 2017 and December 31, 2016, respectively   (18,586)   (18,484)
Total stockholders' equity   44,757    45,154 
Total liabilities and stockholders' equity  $64,398   $62,439 

 

See accompanying notes to condensed consolidated financial statements.

 

3
 

 

Ballantyne Strong, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

Three and Nine Months Ended September 30, 2017 and 2016

(In thousands, except per share data)

(Unaudited)

 

   Three Months Ended
September 30,
   Nine Months Ended
September 30,
 
   2017   2016   2017   2016 
Net product sales  $12,808   $13,071   $38,302   $39,668 
Net service revenues   6,751    5,597    18,583    16,672 
Total net revenues   19,559    18,668    56,885    56,340 
Cost of products sold   10,112    11,172    30,929    31,210 
Cost of services   4,128    3,119    10,923    9,368 
Total cost of revenues   14,240    14,291    41,852    40,578 
Gross profit   5,319    4,377    15,033    15,762 
Selling and administrative expenses:                    
Selling   1,298    1,128    4,207    3,302 
Administrative   3,473    2,992    11,706    9,127 
Total selling and administrative expenses   4,771    4,120    15,913    12,429 
Income (loss) from operations   548    257    (880)   3,333 
Other (expense) income:                    
Interest income       59    18    99 
Interest expense   (51)   (41)   (84)   (81)
Foreign currency transaction (loss) gain   (306)   23    (410)   (982)
Change in value of marketable securities       (34)   

    (400)
Excess distribution from joint venture   

            502 
Other (expense) income, net   (35)   (7)   (24)   36 
Total other expense   (392)   -    (500)   (826)
Earnings (loss) before income taxes and equity method investment (loss) income   156    257    (1,380)   2,507 
Income tax expense   440    748    2,709    2,085 
Equity method investment (loss) income   (753)   29    1,516    70 
Net (loss) earnings from continuing operations   (1,037)   (462)   (2,573)   492 
Net loss from discontinued operations, net of tax       (8)   (49)   (742)
Net loss  $(1,037)  $(470)  $(2,622)  $(250)
Net (loss) earnings per share - basic                    
Net (loss) earnings from continuing operations  $(0.07)  $(0.03)  $(0.18)  $0.03 
Net loss from discontinued operations   -    (0.00)   (0.00)   (0.05)
Net loss   (0.07)   (0.03)   (0.18)   (0.02)
Net (loss) earnings per share - diluted                    
Net (loss) earnings from continuing operations  $(0.07)  $(0.03)  $(0.18)  $0.03 
Net loss from discontinued operations   -    (0.00)   (0.00)   (0.05)
Net loss   (0.07)   (0.03)   (0.18)   (0.02)

 

See accompanying notes to condensed consolidated financial statements.

 

4
 

 

Ballantyne Strong, Inc. and Subsidiaries

Condensed Consolidated Statements of Comprehensive (Loss) Income

Three and Nine Months Ended September 30, 2017 and 2016

(In thousands)

(Unaudited)

 

   Three Months Ended
September 30,
   Nine Months Ended
September 30,
 
   2017   2016   2017   2016 
Net loss  $(1,037)  $(470)  $(2,622)  $(250)
Currency translation adjustment:                    
Unrealized net change arising during period   689    (297)   1,507    1,328 
Unrealized gain on available-for-sale securities of equity method investments, net of tax   34    41    215    62 
Total other comprehensive income (loss)   723    (256)   1,722    1,390 
Comprehensive (loss) income  $(314)  $(726)  $(900)  $1,140 

 

See accompanying notes to condensed consolidated financial statements.

 

5
 

 

Ballantyne Strong, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

Nine Months Ended September 30, 2017 and 2016

(In thousands)

(Unaudited)

 

   Nine Months Ended September 30, 
   2017   2016 
Cash flows from operating activities:          
Net loss  $(2,622)  $(250)
Net loss from discontinued operations, net of tax   (49)   (742)
Net (loss) earnings from continuing operations   (2,573)   492 
Adjustments to reconcile net (loss) earnings from continuing operations to net cash used in operating activities:          
Provision for doubtful accounts   712    1 
Provision for obsolete inventory   (160)   (101)
Provision for warranty   319    260 
Depreciation and amortization   1,563    1,658 
Equity method investment income   (1,516)   (70)
Excess distribution from joint venture       (502)
Unrealized loss on marketable securities   

    400 
Deferred income taxes   715    (195)
Stock-based compensation expense   498    357 
Changes in operating assets and liabilities:          
Accounts receivable   385    (439)
Inventories   (134)   (733)
Other current assets   (41)   113 
Accounts payable   1,197    (205)
Accrued expenses   (763)   348 
Customer deposits/deferred revenue   (1,204)   (233)
Current income taxes   174    (1,708)
Other assets   (85)   32 
Net cash flows from operating activities - continuing operations   (913)   (525)
Net cash flows from operating activities - discontinued operations   (147)   (1,624)
Net cash used in operating activities   (1,060)   (2,149)
           
Cash flows from investing activities:          
Purchase of equity securities   (2,525)   (4,107)
Dividends received from investee in excess of cumulative earnings   230    206 
Capital expenditures   (2,949)   (1,102)
Proceeds from sale of business   60    - 
Net cash used in investing activities - continuing operations   (5,184)   (5,003)
           
Cash flows from financing activities:          
Proceeds from issuance of long-term debt   2,000     
Proceeds from issuance of short-term debt   500      
Payment of debt issuance costs   (46)   

 
Principal payments on long-term debt   (17)   

 
Purchase of treasury stock   (102)   (155)
Proceeds from exercise of stock options   71    100 
Payments on capital lease obligations   (188)   (239)
Excess tax benefits from stock-based arrangement       6 
Net cash provided by (used in) financing activities - continuing operations   2,218    (288)
Effect of exchange rate changes on cash and cash equivalents - continuing operations   304    763 
Effect of exchange rate changes on cash and cash equivalents - discontinued operations       (120)
Net decrease in cash and cash equivalents   (3,722)   (6,797)
Discontinued operations activity included above:          
Add: Cash balance included in assets held for sale at beginning of period   175    4,208 
Less: Cash balance included in assets held for sale at end of period       (1,439)
Cash and cash equivalents at beginning of period   7,596    17,862 
Cash and cash equivalents at end of period  $4,049   $13,834 

 

See accompanying notes to condensed consolidated financial statements.

 

6
 

 

Ballantyne Strong, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

(Unaudited)

 

1. Nature of Operations

 

Ballantyne Strong, Inc. (“Ballantyne” or the “Company”), a Delaware corporation, is a holding company with diverse business activities focused on serving the cinema, retail, financial and government markets. The Company, and its wholly owned subsidiaries Strong Technical Services, Inc., Strong/MDI Screen Systems, Inc. (“Strong/MDI”), Convergent Corporation, and Convergent Media Systems Corporation (“Convergent” or “CMS”), design, integrate and install technology solutions for a broad range of applications; develop and deliver out-of-home messaging, advertising and communications; manufacture projection screens; and provide managed services including monitoring of networked equipment to our customers. On November 4, 2016, Strong Westrex (Beijing) Technology Inc. (“SWBTI”), a subsidiary of Strong Westrex, Inc. (“SWI”), was sold, and on May 17, 2017, SWI was sold (see Note 2).

 

The Company’s products are distributed to the retail, financial, government and cinema markets throughout the world.

 

2. Discontinued Operations

 

On June 23, 2016, the Company’s Board of Directors approved a plan to pursue a sale of the operations conducted by its subsidiaries SWBTI and SWI (the “China Operations”) which have historically been included in the Cinema segment. The purpose of the plan was to focus the efforts of the Company on the business units that have opportunities for higher return on invested capital. We reflected the results of the China Operations as discontinued operations for all periods presented. The assets and liabilities of the China Operations have been reclassified as assets and liabilities held for sale in the condensed consolidated balance sheets for all periods presented.

 

On November 4, 2016, the Company sold SWBTI to GABO Filter, Inc. for total proceeds of $0.4 million. On May 17, 2017, SWI was sold for total proceeds of $0.1 million. The Company recorded an insignificant gain on the sale of SWI.

 

The summary comparative financial results of discontinued operations were as follows (in thousands):

 

   Three Months Ended
September 30,
   Nine Months Ended
September 30,
 
   2017   2016   2017   2016 
Total net revenues  $

   $583   $24   $6,440 
Total cost of revenues   

    436    48    6,227 
Total selling and administrative expenses   

    157    53    863 
Loss from operations of discontinued operations   

    (10)   (77)   (650)
Loss before income taxes   

    (8)   (49)   (628)
Income tax expense   

    -    -    (114)
Net loss from discontinued operations, net of tax  $

   $(8)  $(49)  $(742)

 

Depreciation and amortization related to discontinued operations was immaterial for the three and nine month periods ended September 30, 2017 and 2016. There were no capital expenditures related to discontinued operations for the nine months ended September 30, 2017 and 2016.

 

3. Summary of Significant Accounting Policies

 

Basis of Presentation and Principles of Consolidation

 

The condensed consolidated financial statements include the accounts of the Company and all majority owned and controlled domestic and foreign subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

 

The condensed consolidated financial statements included in this report are presented in accordance with the requirements of Form 10-Q and consequently do not include all of the disclosures normally required by accounting principles generally accepted in the United States of America for annual reporting purposes or those made in the Company’s Annual Report on Form 10-K/A. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2016.

 

7
 

 

The condensed consolidated balance sheet as of December 31, 2016 was derived from the Company’s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary to present a fair statement of the financial position and the results of operations and cash flows for the respective interim periods. The results for interim periods are not necessarily indicative of trends or results expected for a full year.

 

During the second quarter of 2017, the Company began classifying software in development as an intangible asset rather than property, plant and equipment, to be consistent with its classification of software assets in service. Accordingly, approximately $0.5 million of software in development at December 31, 2016 was reclassified to intangible assets from property, plant and equipment on the condensed consolidated balance sheet to conform to the current period presentation. This reclassification had no effect on the Company’s reported results of operations, comprehensive income, or cash flows.

 

Use of Management Estimates

 

The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods.

 

Marketable Securities

 

For the nine months ended September 30, 2016, the Company’s marketable securities were comprised of investments in the common stock of a publicly traded company. Changes in fair value, based on the market price of the investee’s stock, were recognized in other income in the condensed consolidated statement of operations. The Company used the fair value option to account for the investment to more appropriately recognize the value of this investment in our condensed consolidated financial statements since the Company did not exert significant influence over the investment, in which case the equity method of accounting would have been applied. None of the Company’s investments were classified as marketable securities or accounted for using the fair value option during the nine months ended September 30, 2017.

 

Equity Method Investments

 

We apply the equity method of accounting to investments when we have significant influence, but not controlling interest in the investee. Judgment regarding the level of influence over each equity method investment includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company’s proportionate share of the net (loss) income resulting from these investments is reported under the line item captioned “equity method investment (loss) income” in our condensed consolidated statements of operations. The carrying value of our equity method investments is reported in equity method investments in the condensed consolidated balance sheets. The Company’s equity method investments are reported initially at cost and adjusted each period for the Company’s share of the investee’s income or loss and dividend paid, if any. The Company’s share of the investee’s income or loss is recorded on a one quarter lag for all equity method investments. The Company classifies distributions received from equity method investments using the cumulative earnings approach on the condensed consolidated statements of cash flows. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. The Company did not record any impairments related to its investments during the three and nine month periods ended September 30, 2017 or 2016. Note 5 contains additional information on our equity method investments, which are held by the Company’s Cinema segment.

 

Fair Value of Financial Instruments

 

Assets and liabilities measured at fair value are categorized into a fair value hierarchy based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:

 

  Level 1 - inputs to the valuation techniques are quoted prices in active markets for identical assets or liabilities
  Level 2 - inputs to the valuation techniques are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly
  Level 3 - inputs to the valuation techniques are unobservable for the assets or liabilities

 

8
 

 

The following tables present the Company’s financial assets measured at fair value based upon the level within the fair value hierarchy in which the fair value measurements fall, as of September 30, 2017 and December 31, 2016.

 

Fair values measured on a recurring basis at September 30, 2017 (in thousands):

 

   Level 1   Level 2   Level 3   Total 
Cash and cash equivalents  $4,049   $   $   $4,049 
Notes receivable   -    

    1,669   $1,669 
Total  $4,049   $

   $1,669   $5,718 

 

Fair values measured on a recurring basis at December 31, 2016 (in thousands):

 

   Level 1   Level 2   Level 3   Total 
Cash and cash equivalents  $7,596   $   $   $7,596 
Notes receivable   -    

    1,669   $1,669 
Total  $7,596   $

   $1,669   $9,265 

 

Quantitative information about the Company’s level 3 fair value measurements at September 30, 2017 is set forth below:

 

  

Fair value at 9/30/17

(in thousands)

   Valuation technique  Unobservable input  Range 
Notes receivable  $1,669   Discounted cash flow  Probability of default   50%
           Discount rate   18%

 

The notes receivable are recorded at estimated fair value at September 30, 2017.

 

The significant unobservable inputs used in the fair value measurement of the Company’s notes receivable are discount rate and probability of default. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. There were no changes in the fair value of the Company’s notes receivable recorded during the three and nine months ended September 30, 2017 or 2016.

 

The Company’s short-term and long-term debt is recorded at historical cost. As of September 30, 2017, the Company’s long-term debt, including current maturities, had a carrying value of $1.95 million. Based on discounted cash flows using current quoted interest rates (Level 2 of the fair value hierarchy), the estimated fair value at September 30, 2017 was $1.96 million.

 

The carrying values of other financial assets and liabilities, including accounts receivable, accounts payable, accrued expenses and short-term debt, reported in the condensed consolidated balance sheets equal or approximate their fair values due to the short-term nature of these instruments. Note 5 includes fair value information related to our equity method investments. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which includes non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). During the nine months ended September 30, 2017, the Company did not have any significant non-recurring measurements of non-financial assets or liabilities.

 

Recently Issued Accounting Pronouncements

 

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606)”. ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The guidance is effective for the Company beginning January 1, 2018. An entity may adopt this ASU either retrospectively or through a cumulative effect adjustment (modified retrospective method) as of the start of the first period for which it applies the ASU. The Company has obtained an understanding of ASU 2014-09 and has been analyzing the impact of the new standard on its financial results. The Company has completed a high-level assessment of the performance obligations within its contracts for its major products and services and is assessing potential impacts to its internal processes, control environment and disclosures. The Company expects to adopt this ASU using the modified retrospective method as of January 1, 2018. While the Company has not yet quantified the impact that the adoption of ASU 2014-09 will have on the consolidated financial statements, the Company is continuing to evaluate the impact of the new standard on our financial results and other possible impacts. The Company will continue to provide enhanced disclosures as we complete our assessment.

 

9
 

 

In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory”. ASU 2015-11 requires an entity utilizing the first in-first out inventory method to change their measurement principle for inventory changes from the lower of cost or market to lower of cost or net realizable value. The Company prospectively adopted the guidance effective January 1, 2017. The adoption of ASU 2015-11 did not have a material effect on the Company’s consolidated financial statements.

 

In January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. ASU 2016-01 requires equity investments that do not result in consolidation and are not accounted under the equity method to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements; clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets; and modifies certain fair value disclosure requirements. ASU 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is not permitted. The adoption of ASU 2016-01 is not expected to have a material effect on the Company’s consolidated financial statements.

 

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. ASU 2016-02 requires lessees to recognize a lease liability and a right-to-use asset for all leases, including operating leases with a term greater than twelve months, on its balance sheet. This ASU is effective in fiscal years beginning after December 15, 2018, with early adoption permitted, and requires a modified retrospective transition method. The Company is evaluating the requirements of ASU 2016-02 and its potential impact on the Company’s financial statements. The Company has leases primarily for property and equipment and is in the process of identifying and evaluating these leases for purposes of ASU 2016-02. For each of these leases, the term will be evaluated, including extension and renewal options as well as the lease payments. While the Company has not yet quantified the impact that the adoption of ASU 2016-02 will have on its consolidated financial statements, the Company expects to record assets and liabilities on its balance sheet upon adoption of this standard, which may be material. The Company will continue to provide enhanced disclosures as it continues its assessment.

 

In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. ASU 2016-09 simplifies accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, and certain classifications on the statement of cash flows. The Company adopted the guidance effective January 1, 2017 on a prospective basis. Additionally, as required by ASU 2016-09, when calculating diluted earnings per share, excess tax benefits were excluded from the calculation of assumed proceeds since such amounts are recognized in the income statement. The Company applied the cash flow presentation requirements prospectively, and the 2016 statement of cash flows was not adjusted. ASU 2016-09 also allows an entity to elect as an accounting policy either to estimate the total number of awards for which the requisite service period will not be rendered or to account for forfeitures for service-based awards as they occur. The Company has elected to account for forfeitures as they occur.

 

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU will require the measurement of all expected credit losses for financial assets, including trade receivables, held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The guidance is effective for annual reporting periods beginning after December 15, 2019 and interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position.

 

In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which eliminates the diversity in practice related to eight cash flow classification issues. The Company adopted this ASU in the first quarter of 2017 on a prospective basis. Adoption affected the classification of dividends received from equity method investees on the statement of cash flows, but did not have any other impact.

 

10
 

 

In January 2017, the FASB issued ASU 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The new guidance eliminates Step 2 of the goodwill impairment testing which requires the fair value of individual assets and liabilities of a reporting unit to be determined when measuring goodwill impairment. The new guidance may result in different amounts of impairment that could be recognized compared to existing guidance. In addition, failing step 1 of the impairment test, where the carrying value of a reporting unit is compared to its fair value, may not result in impairment under existing guidance. However, under the revised guidance, failing step 1 will always result in a goodwill impairment. ASU 2017-04 is to be applied prospectively for goodwill impairment testing performed in years beginning after December 15, 2019. The Company does not believe the adoption will significantly impact the Company’s results of operations or financial position.

 

In May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting.” The new guidance describes the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. The guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position.

 

4. (Loss) Earnings Per Common Share

 

Basic (loss) earnings per share has been computed on the basis of the weighted average number of shares of common stock outstanding. Diluted (loss) earnings per share has been computed on the basis of the weighted average number of shares of common stock outstanding after giving effect to potential common shares from dilutive stock options and certain non-vested shares of restricted stock. The following table provides the reconciliation between average shares used to compute basic and diluted (loss) earnings per share:

 

   Three Months Ended
September 30,
   Nine Months Ended
September 30,
 
   2017   2016   2017   2016 
Weighted average shares outstanding (in thousands):                
Basic weighted average shares outstanding   14,310    14,249    14,279    14,225 
Dilutive effect of stock options and certain non-vested shares of restricted stock               86 
Diluted weighted average shares outstanding   14,310    14,249    14,279    14,311 

 

For each of the three and nine month periods ended September 30, 2017, options to purchase 470,000 shares of common stock were outstanding but were not included in the computation of diluted loss per share as the option’s exercise price was greater than the average market price of the common shares for each period. An additional 115,754 and 154,161 common stock equivalents related to options and restricted stock awards were excluded for the three and nine months ended September 30, 2017, respectively, as their inclusion would be anti-dilutive, thereby decreasing the net losses per share. For the three and nine month periods ended September 30, 2016, options to purchase 350,000 and 363,700 shares of common stock, respectively, were outstanding but were not included in the computation of diluted earnings per share as the option’s exercise price was greater than the average market price of the common shares for the respective periods. An additional 65,937 and 85,618 common stock equivalents related to options and restricted stock awards were excluded from the calculation of diluted net loss per share for the three and nine months ended September 30, 2016, respectively, as their inclusion would be anti-dilutive, thereby decreasing the net losses per share.

 

5. Equity Method Investments

 

The following summarizes our equity method investments:

 

   September 30, 2017   December 31, 2016 
   (dollars in thousands) 
Entity  Carrying Amount   Economic Interest   Carrying Amount   Economic Interest 
RELM Wireless Corporation  $4,448    8.3%  $4,382    8.3%
Itasca Capital, Ltd.   5,097    32.3%   3,368    32.3%
1347 Property Insurance Holdings, Inc.   8,099    17.4%   5,348    12.1%
Total  $17,644        $13,098      

 

11
 

 

The following summarizes the (loss) income of equity method investees reflected in the Statement of Operations (in thousands):

 

   Three Months Ended September 30,   Nine Months Ended
September 30,
 
Entity  2017   2016   2017   2016 
RELM Wireless Corporation  $109   $114   $12   $155 
Itasca Capital, Ltd.   (1,023)   (85)   1,289    (85)
1347 Property Insurance Holdings, Inc.   161        215     
Total  $(753)  $29   $1,516   $70 

 

RELM Wireless Corporation (“RELM”) is a publicly traded company that designs, manufactures and markets two-way land mobile radios, repeaters, base stations and related components and subsystems. The Company’s Chief Executive Officer is chairman of the board of directors of RELM, and controls entities that, when combined with the Company’s ownership in RELM, own greater than 20% of RELM, providing the Company with significant influence over RELM, but not controlling interest. The Company received dividends of $0.2 million and $0 for the nine month periods ended September 30, 2017 and 2016, respectively. Based on quoted market prices, the market value of the Company’s ownership in RELM was $4.1 million at September 30, 2017.

 

Itasca Capital, Ltd. (“Itasca”) is a publicly traded Canadian company that is an investment vehicle seeking transformative strategic investments. The Company’s Chief Executive Officer is a member of the board of directors of Itasca. This board seat, combined with the Company’s 32.3% ownership of Itasca, provide the Company with significant influence over Itasca, but not controlling interest. The Company did not receive dividends from Itasca during the nine month periods ended September 30, 2017 or 2016. Based on quoted market prices, the market value of the Company’s ownership in Itasca was $3.9 million at September 30, 2017.

 

As of December 31, 2016, the Company owned 12.1% of 1347 Property Insurance Holdings, Inc. (“PIH”) and purchased shares increasing its ownership to 17.4% during the nine months ended September 30, 2017 for an additional $2.5 million. PIH is a publicly traded company that provides property and casualty insurance in the States of Louisiana, Texas and Florida. The Company’s Chief Executive Officer was named to the board of directors of PIH in December 2016. This board seat and the Chief Executive Officer’s control of other entities that own shares of PIH, combined with the Company’s 17.4% ownership of PIH, provide the Company with significant influence over PIH, but not controlling interest. The Company did not receive dividends from PIH during the nine month periods ended September 30, 2017 or 2016. Based on quoted market prices, the market value of the Company’s ownership in PIH was $8.0 million at September 30, 2017.

 

As of September 30, 2017, our retained earnings included undistributed earnings from our equity method investees of $1.2 million.

 

The summarized financial information presented below reflects the financial information of the Company’s significant equity method investee, Itasca, for the nine months ended June 30, 2017, consistent with the Company’s recognition of the results of its equity method investments on a one-quarter lag. The summarized financial information is presented only for the periods when the Company owned its investment.

 

For the nine months ended June 30,  2017 
   (in thousands) 
Revenue  $ 
Gross profit  $

 
Operating loss from continuing operations  $(172)
Net income  $4,253(1)

 

(1) Net income primarily related to unrealized gains on investments.

 

12
 

 

6. Intangible Assets

 

Intangible assets consisted of the following at September 30, 2017:

 

   Useful life   Gross   Accumulated Amortization   Net 
   (Years)       (In thousands)     
Intangible assets not yet subject to amortization:                    
Software in development       $1,633   $   $1,633 
Intangible assets subject to amortization:                    
Software in service   5    2,621    (430)   2,191 
Product formulation   10    489    (340)   149 
Total       $4,743   $(770)  $3,973 

 

Intangible assets consisted of the following at December 31, 2016:

 

   Useful life   Gross   Accumulated Amortization   Net 
   (Years)       (In thousands)     
Intangible assets not yet subject to amortization:                    
Software in development       $508   $   $508 
Intangible assets subject to amortization:                    
Software in service   5    1,764    (93)   1,671 
Product formulation   10    454    (276)   178 
Total       $2,726   $(369)  $2,357 

 

Amortization expense relating to intangible assets was $0.4 million and insignificant, respectively, for the nine months ended September 30, 2017 and 2016.

 

The following table shows the Company’s estimated future amortization expense related to intangible assets currently subject to amortization for the next five years.

 

   Amount 
   (in thousands) 
Remainder 2017  $150 
2018   589 
2019   577 
2020   568 
2021   431 
Thereafter   25 
Total  $2,340 

 

7. Goodwill

 

The following represents a summary of changes in the Company’s carrying amount of goodwill for the nine months ended September 30, 2017 (in thousands):

 

Balance as of December 31, 2016  $889 
Foreign currency translation   68 
Balance as of September 30, 2017  $957 

 

13
 

 

8. Warranty Reserves

 

In most instances, the Company’s digital projection products are covered by the manufacturing firm’s original warranty; however, for certain customers the Company may grant warranties in excess of the manufacturer’s warranty for digital products. In addition, the Company provides warranty coverage on screens it manufactures. The Company accrues for these costs at the time of sale. The following table summarizes warranty activity for the three and nine months ended September 30, 2017 and 2016:

 

   Three Months Ended September 30,   Nine Months Ended September 30, 
   2017   2016   2017   2016 
   (in thousands) 
Warranty accrual at beginning of period  $457   $380   $645   $310 
Charged to expense   162    430    337    778 
Claims paid, net of recoveries   (38)   (194)   (410)   (475)
Foreign currency adjustment   3    1    12    4 
Warranty accrual at end of period  $584   $617   $584   $617 

 

9. Debt

 

The Company’s long-term debt consists of the following (in thousands):

 

   September 30, 2017   December 31, 2016 
$2 million term loan  $1,983   $ 
Less: current portion   (64)   

 
Less: unamortized debt issuance costs   (35)   

 
Long-term debt  $1,884   $

 

 

On April 27, 2017, the Company entered into a debt agreement with a bank consisting of 1) a $2 million five-year term loan secured by a first lien deed of trust on the Company’s Alpharetta, GA facility, bearing interest at a fixed rate of 4.5% and payable in equal monthly installments of principal and interest calculated based on a 20-year amortization schedule with a final balloon payment of approximately $1.7 million due on May 10, 2022 and 2) a line of credit of up to $1 million secured by a second lien deed of trust on the Company’s Alpharetta, GA facility, bearing interest at the Prime Rate published in the Wall Street Journal plus 0.25% and with a term ending May 10, 2018. The debt agreement requires the Company to maintain a ratio of total liabilities to tangible net worth not in excess of 3:1 and maintain minimum liquidity of $2 million. The Company was in compliance with its debt covenants as of September 30, 2017. The Company had outstanding borrowings on the line of credit as of September 30, 2017 of $0.5 million, which is classified as short-term debt on the condensed consolidated balance sheet. The Company’s Chairman and Chief Executive Officer is also a member of the bank’s board of directors.

 

On September 5, 2017, the Company’s Canadian subsidiary, Strong/MDI, entered into a demand credit agreement with a bank consisting of a revolving line of credit for up to CDN$3.5 million (approximately USD$2.8 million) subject to a borrowing base requirement, a 20-year installment loan for up to CDN$6.0 million (approximately USD$4.8 million) and a 5-year installment loan for up to CDN$500,000 (approximately USD$400,000). Amounts outstanding under the line of credit are payable on demand and will bear interest at the prime rate established by the lender. Amounts outstanding under the installment loans will bear interest at the prime rate plus 0.5% and are payable in monthly installments, including interest, over their respective borrowing periods. The lender may also demand repayment of the installment loans at any time. The Strong/MDI credit facilities are secured by a lien on Strong/MDI’s Quebec, Canada facility and substantially all of Strong/MDI’s assets. The credit agreement requires Strong/MDI to maintain a ratio of liabilities to “effective equity” (tangible stockholders’ equity, less amounts receivable from affiliates and equity method investments) not exceeding 2 to 1, a current ratio (excluding amounts due from related parties) of at least 1.5 to 1 and minimum “effective equity” of CDN$8.0 million (approximately USD$6.4 million). There were no borrowings outstanding at September 30, 2017 on any of the Strong/MDI credit facilities, as Strong/MDI had not yet drawn on the facilities. Strong/MDI was in compliance with its debt covenants as of September 30, 2017.

 

14
 

 

Scheduled repayments are as follows for the Company’s long-term debt outstanding as of September 30, 2017 (in thousands):

 

Remainder of 2017  $16 
2018   65 
2019   68 
2020   70 
2021   74 
Thereafter   1,690 
Total  $1,983 

 

10. Income Taxes

 

In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. The Company considers the scheduled reversal of taxable temporary differences, projected future taxable income and tax planning strategies in making this assessment. A cumulative loss in a particular tax jurisdiction in recent years is a significant piece of evidence with respect to the realizability that is difficult to overcome. Based on the available objective evidence, including recent updates to the taxing jurisdictions generating income, the Company concluded that a valuation allowance should be recorded against all of the Company’s U.S. tax jurisdiction deferred tax assets as of September 30, 2017 and December 31, 2016.

 

The Company is subject to examination for Federal purposes for fiscal years 2014, 2015 and 2016. In most cases, the Company is subject to examinations by state or local jurisdictions based on the particular jurisdiction’s statute of limitations.

 

11. Stock Compensation

 

The Company recognizes compensation expense for all stock-based payment awards made to employees and directors based on their estimated grant date fair values. Stock-based compensation expense included in selling and administrative expenses approximated $0.2 million and $0.1 million for the three months ended September 30, 2017 and 2016, respectively, and $0.5 million and $0.4 million, respectively, for the nine months ended September 30, 2017 and 2016, respectively.

 

Equity Compensation Plans

 

The Company’s 2010 Long-Term Incentive Plan (“2010 Plan”) provided the Compensation Committee of the Board of Directors with the discretion to grant stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares and performance units. Vesting terms varied with each grant and could be subject to vesting upon a “change in control” of the Company.

 

The Ballantyne Strong, Inc. 2014 Non-Employee Directors’ Restricted Stock Plan (the “2014 Non-Employee Plan”) provided for the award of restricted shares to outside directors. Shares issued under the 2014 Non-Employee Plan vested the day preceding the Company’s Annual Meeting of Stockholders in the year following issuance. The 2010 Plan and the 2014 Non-Employee Plan were replaced during the second quarter of 2017 by the 2017 Omnibus Equity Compensation Plan (“2017 Plan”), and therefore, no additional awards will be granted under the 2010 Plan or the 2014 Non-Employee Plan.

 

The 2017 Plan was approved by the Company’s shareholders at the annual meeting on June 15, 2017, and provides the Compensation Committee of the Board of Directors with the discretion to grant stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares, performance units and other share-based awards and cash-based awards. Vesting terms vary with each grant and may be subject to vesting upon a “change in control” of the Company. The total number of shares reserved for issuance under the 2017 Plan is 1,371,189 shares.

 

Options

 

The Company granted a total of 435,000 and 100,000 options during the nine month periods ended September 30, 2017 and 2016, respectively. Options to purchase shares of common stock were granted with exercise prices equal to the fair value of the common stock on the date of grant.

 

15
 

 

The weighted average grant date fair value of stock options granted during the nine month periods ended September 30, 2017 and 2016 was $2.42 and $1.42, respectively. The fair value of each stock option granted was estimated on the date of grant using a Black-Scholes valuation model with the following weighted average assumptions:

   2017   2016 
Expected dividend yield at date of grant   0.00%   0.00%
Risk-free interest rate   1.99%   1.35%
Expected stock price volatility   34.85%   32.26%
Expected life of options (in years)   6.0    5.7 

 

The risk-free interest rate assumptions were based on the U.S. Treasury yield curve in effect at the time of the grant. During 2017, the expected volatility was based on historical daily price changes of the Company’s stock for six years prior to the date of grant. During 2016, the Company used a one year period to calculate volatility, but updated this assumption in the current year to align the expected volatility with the expected life of the options. The expected life of options is the average number of years the Company estimates that options will be outstanding.

 

The following table summarizes stock option activity for the nine months ended September 30, 2017:

 

   Number of Options   Weighted Average Exercise Price Per Share   Weighted Average Remaining Contractual Term   Aggregate Intrinsic Value (in thousands) 
Outstanding at December 31, 2016   545,300   $4.78    9.68   $1,757 
Granted   435,000    6.53           
Exercised   (15,000)   4.70           
Forfeited   (33,000)   6.09           
Expired   (2,000)   4.33           
Outstanding at September 30, 2017   930,300   $5.63    8.99   $759 
Exercisable at September 30, 2017   145,300   $4.31    8.08   $260 

 

The aggregate intrinsic value in the table above represents the total that would have been received by the option holders if all in-the-money options had been exercised and sold on September 30, 2017.

 

As of September 30, 2017, 785,000 stock option awards were non-vested. Unrecognized compensation cost related to stock option awards was approximately $1.5 million, which is expected to be recognized over a weighted average period of 4.1 years.

 

Restricted Stock

 

The Company estimates the fair value of restricted stock awards based upon the market price of the underlying common stock on the date of grant. As of September 30, 2017, the total unrecognized compensation cost related to non-vested restricted stock awards was approximately $0.6 million, which is expected to be recognized over a weighted average period of 1.9 years.

 

The following table summarizes restricted share activity for the nine months ended September 30, 2017:

 

   Number of Restricted Stock Shares   Weighted Average Grant Price Fair Value 
Non-vested at December 31, 2016   58,295   $4.77 
Granted   85,000    6.50 
Shares vested   (43,295)   4.92 
Shares forfeited   -    4.21 
Non-vested at September 30, 2017   100,000   $6.17 

 

16
 

 

The following table summarizes restricted stock unit activity for the nine months ended September 30, 2017:

 

   Number of Restricted Stock Units   Weighted Average Grant Price Fair Value 
Non-vested at December 31, 2016   13,750   $4.24 
Granted   30,835    6.81 
Shares vested   (6,875)   4.24 
Shares forfeited   (1,875)   4.21 
Non-vested at September 30, 2017   35,835   $6.45 

 

12. Commitments, Contingencies and Concentrations

 

Litigation

 

In the ordinary course of business operations, we are involved, from time to time, in certain legal disputes. No such disputes, individually or in the aggregate, are expected to have a material effect on our business or financial condition.

 

Concentrations

 

The Company’s top ten customers accounted for approximately 53.7% and 50.1% of total consolidated net revenues for the three and nine months ended September 30, 2017, respectively. Trade accounts receivable from these customers represented approximately 41.2% of net consolidated receivables at September 30, 2017. While the Company believes its relationships with such customers are stable, most arrangements are made by purchase order and are terminable at will by either party. A significant decrease or interruption in business from the Company’s significant customers could have a material adverse effect on the Company’s business, financial condition and results of operations. The Company could also be adversely affected by such factors as changes in foreign currency rates and weak economic and political conditions in each of the countries in which the Company sells its products.

 

Financial instruments that potentially expose the Company to a concentration of credit risk principally consist of accounts receivable. The Company sells product to a large number of customers in many different geographic regions. To minimize credit concentration risk, the Company performs ongoing credit evaluations of its customers’ financial condition.

 

Leases

 

The Company and its subsidiaries lease plant and office facilities, furniture, autos and equipment under operating leases expiring through 2022. These leases generally contain renewal options and the Company expects to renew or replace certain of these leases in the ordinary course of business.

 

17
 

 

The Company’s future minimum lease payments for leases at September 30, 2017 are as follows:

 

   Capital Leases   Operating Leases 
   (in thousands) 
Remainder 2017  $66   $301 
2018   251    1,759 
2019   116    1,735 
2020   -    1,507 
2021   -    1,378 
Thereafter   -    1,066 
Total minimum lease payments  $433   $7,746 
Less: Amount representing interest   (19)     
Present value of minimum lease payments   414      
Less: Current maturities   (240)     
Capital lease obligations, net of current portion  $174      

 

13. Business Segment Information

 

As of September 30, 2017, the Company’s operations were conducted principally through two business segments: Cinema and Digital Media. Cinema operations include the sale of digital projection equipment, screens and sound systems. Digital Media operations include the delivery of end to end digital signage solutions, video communication solutions, content creation and management and service of digital signage and digital cinema equipment. The Company allocates resources to business segments and evaluates the performance of these segments based upon reported segment operating profit. The Company records intersegment sales at cost and has eliminated all significant intersegment sales in consolidation. The results of discontinued operations are excluded from the Cinema segment information below.

 

18
 

 

Summary by Business Segments

 


   Three Months Ended September 30,   Nine Months Ended
September 30,
 
(In thousands)  2017   2016   2017   2016 
   (in thousands) 
Net revenue                    
Cinema  $8,681   $11,070   $27,606   $32,085 
Digital Media   11,087    7,911    29,518    25,411 
Other   13        22     
Total segment net revenue   19,781    18,981    57,146    57,496 
Eliminations   (222)   (313)   (261)   (1,156)
Total net revenue  $19,559   $18,668   $56,885   $56,340 
                     
Operating income (loss)                    
Cinema  $2,438   $2,205   $6,704   $8,318 
Digital Media   505    (61)   (205)   884 
Other   (98)       (289)    
Total segment operating income   2,845    2,144    6,210    9,202 
Unallocated general and administrative expenses   (2,297)   (1,887)   (7,090)   (5,869)
Other (expense) income                    
Interest, net   (51)   18    (66)   18 
Cinema - foreign currency transaction (loss) gain   (216)   82    (438)   (958)
Digital Media - foreign currency transaction (loss) gain   (90)   (59)   28    (24)
Cinema - excess distribution from joint venture   -            502 
Cinema - other   (35)   (5)   (24)   45 
Digital Media - other       (2)       (9)
Change in value of marketable securities - Corporate asset   

    (34)   

    (400)
Total other expense   (392)       (500)   (826)
Earnings (loss) before income taxes and equity method investment (loss) income  $156   $257   $(1,380)  $2,507 

 

(In thousands)  September 30, 2017   December 31, 2016 
Identifiable assets, excluding assets held for sale          
Cinema  $26,117   $29,881 
Digital Media   20,535    19,272 
Corporate Assets   17,746    13,098 
Total  $64,398   $62,251 

 

19
 

 

Summary by Geographical Area

 

   Three Months Ended September 30,   Nine Months Ended September 30, 
(In thousands)  2017   2016   2017   2016 
Net revenue                    
United States  $15,349   $14,643   $44,648   $44,184 
China   1,646    1,518    4,543    4,316 
Latin America   461    377    1,263    1,352 
Canada   1,365    1,399    4,372    3,676 
Mexico   425    472    1,164    1,816 
Europe   250    196    427    788 
Asia (excluding China)   -    45    216    70 
Other   63    18    252    138 
Total  $19,559   $18,668   $56,885   $56,340 

 

(In thousands)  September 30, 2017   December 31, 2016 
Identifiable assets, excluding assets held for sale          
United States  $42,815   $40,255 
Canada   21,583    21,996 
Total  $64,398   $62,251 

 

Net revenues by business segment are to unaffiliated customers. Identifiable assets by geographical area are based on location of facilities. Net sales by geographical area are based on destination of sales.

 

20
 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

The following discussion and analysis should be read in conjunction with the condensed consolidated financial statements and notes thereto appearing elsewhere in this report. Management’s discussion and analysis contains not only historical information, but also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements that are not historical are forward-looking and reflect expectations for future Company performance. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

 

Forward-looking statements involve a number of risks and uncertainties, including but not limited to those discussed in the “Risk Factors” section contained in Item 1A in our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2016 and the following risks and uncertainties: the Company’s ability to expand its revenue streams, potential interruptions of supplier relationships or higher prices charged by suppliers, the Company’s ability to successfully compete and introduce enhancements and new features that achieve market acceptance and that keep pace with technological developments, the Company’s ability to successfully execute its capital allocation strategy, the Company’s ability to retain or replace its significant customers, the impact of a challenging global economic environment or a downturn in the markets, economic and political risks of selling products in foreign countries, risks of non-compliance with U.S. and foreign laws and regulations, cybersecurity risks and risks of damage and interruptions of information technology systems, the Company’s ability to retain key members of management and successfully integrate new executives, the Company’s ability to assert its intellectual property rights, the impact of natural disasters and other catastrophic events, the adequacy of insurance and the impact of having a controlling stockholder. Given the risks and uncertainties, readers should not place undue reliance on any forward-looking statement and should recognize that the statements are predictions of future results which may not occur as anticipated. Actual results could differ materially from those anticipated in the forward-looking statements and from historical results, due to the risks and uncertainties described herein, as well as others not now anticipated. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Except where required by law, the Company assumes no obligation to update forward-looking statements to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.

 

Overview

 

Ballantyne Strong, Inc. (“BTN”, “Ballantyne”, “the Company”, “we”, “our” and “us”) is a holding company with diverse business activities focused on serving the cinema, retail, financial and government markets. The Company and its subsidiaries design, integrate and install technology solutions for a broad range of applications; develop and deliver out-of-home messaging, advertising and communications; manufacture projection screens; and provide managed services including monitoring of networked equipment to our customers. We add value through our design, engineering, manufacturing excellence and customer service.

 

We conduct our operations through two primary business segments: Cinema and Digital Media. The Cinema segment provides a full range of product solutions primarily for the theater exhibition industry, including a wide spectrum of premier audio-visual products and accessories such as digital projectors, state of the art projection screens, servers, library management systems, menu boards, flat panel displays and sound systems. The Digital Media segment delivers solutions and services across two primary markets: digital out-of-home and cinema. While there is digital signage and cinema equipment sold within this segment, the primary focus of this segment is providing solutions and services to our customers.

 

Our segments were determined based on the manner in which management organizes segments for making operating decisions and assessing performance. Approximately 48% of our revenues for the nine months ended September 30, 2017 were from Cinema and approximately 52% were from Digital Media. Additional information related to our reporting segments can be found in the notes to the condensed consolidated financial statements.

 

On June 23, 2016, the Company’s Board of Directors approved a plan to pursue a sale of the operations conducted by its subsidiaries SWBTI and SWI (the “China Operations”) which have historically been included in the Cinema segment. The purpose of the plan was to focus the efforts of the Company on the business units that have opportunities for higher return on invested capital. We reflected the results of the China Operations as discontinued operations for all periods presented. The assets and liabilities of the China Operations have been reclassified as assets and liabilities held for sale in the condensed consolidated balance sheets for all periods presented.

 

On November 4, 2016, the Company sold SWBTI to GABO Filter, Inc. for total proceeds of $0.4 million. As a result of this sale the Company recorded a loss on disposal of discontinued operations of approximately $0.6 million in the fourth quarter of 2016, which was included in net income from discontinued operations. The sale of SWI was completed on May 17, 2017 for total proceeds of $0.1 million. We recorded an insignificant gain on the sale of the business.

 

21
 

 

Results of Operations:

 

Three Months Ended September 30, 2017 Compared to the Three Months Ended September 30, 2016

 

Revenues

 

Net revenues during the three months ended September 30, 2017 increased 4.8% to $19.6 million from $18.7 million during the three months ended September 30, 2016.

 

   Three Months Ended
September 30,
 
   2017   2016 
   (in thousands) 
Cinema  $8,681   $11,070 
Digital Media   11,087    7,911 
Other   13    - 
Total segment revenues   19,781    18,981 
Eliminations   (222)   (313)
Total net revenues  $19,559   $18,668 

 

Cinema

 

Sales of cinema products and services decreased 21.6% to $8.7 million in the third quarter of 2017 from $11.1 million in the third quarter of 2016. This decrease was driven by decreased sales of projectors, lamp products and screen support systems, partially offset by slight increases in sales of screens and digital parts. In July 2017, we terminated our distributorship for certain cinema lamp products due to the very low margins earned on these products, and we expect this to result in a further decrease in revenues. The lamp products were expected to generate approximately $1.5 million in revenues during the fourth quarter of 2017.

 

Digital Media

 

Sales of digital media products and services increased 40.1% to $11.1 million in the third quarter of 2017 from $7.9 million in the third quarter of 2016. This increase was driven by increased sales of digital signage equipment and installation services.

 

Export Revenues

 

Sales outside the United States (primarily from the cinema segment) increased to $4.2 million in the third quarter of 2017 from $4.0 million a year ago resulting primarily from increased sales in China and Latin America. Export sales are sensitive to worldwide economic and political conditions that lead to volatility. Certain areas of the world are more cost conscious than the U.S. market and there are instances where our products are priced higher than local manufacturers, making it more difficult to generate sufficient profit to justify selling into these regions. Additionally, foreign exchange rates and excise taxes sometimes make it difficult to market our products overseas at reasonable selling prices.

 

Gross Profit

 

Consolidated gross profit increased to $5.3 million, or 27.2% as a percentage of revenues, in the third quarter of 2017 compared to $4.4 million, or 23.4% as a percentage of revenues, in the third quarter of 2016. Gross profit in the cinema segment increased to $3.1 million, or 35.2% as a percentage of revenues, in the third quarter of 2017 from $2.7 million, or 24.8% as a percentage of revenues, in the third quarter of 2016. This increase in gross margin as a percentage of revenue was driven by product mix, as screen sales, which carry a higher margin, comprised a greater percentage of total revenue. Gross margin percentage was also impacted by higher screen warranty expense in the third quarter of the prior year. Gross profit dollars in the cinema segment are not expected to be significantly impacted by our termination of our cinema lamp product distributorship discussed above, due to the very low margins that we earned on the lamps.

 

The gross profit in the digital media segment increased to $2.2 million, or 20.3% as a percentage of revenues, in the third quarter of 2017 from $1.6 million or 20.6% as a percentage of revenues in the third quarter of 2016. The increase in gross profit dollars was driven by the increases in revenue described above.

 

22
 

 

Selling Expenses

 

Selling expenses increased 15.1% to $1.3 million in the third quarter of 2017 compared to $1.1 million a year-ago and as a percentage of revenues increased to 6.6% from 6.0% a year-ago. The increase in selling expenses was primarily due to a $0.1 million increase in employee-related costs, along with higher external commission and tradeshow expenses.

 

Administrative Expenses

 

Administrative expenses increased 16.1% to $3.5 million in the third quarter of 2017 from $3.0 million in the third quarter of 2016 and as a percent of total revenue increased to 17.8% in the third quarter of 2017 from 16.0% in the third quarter of 2016. This increase was primarily driven by a $0.3 million increase in consulting and software licensing costs associated with our CRM and ERP systems implementation and $0.2 million in bad debt expense, partially offset by a decrease of $0.2 million in employee-related costs primarily due to lower bonus expense.

 

Other Financial Items

 

The third quarter of 2017 includes total other expense of $0.4 million primarily consisting of foreign currency transaction losses. Other expense during the third quarter of 2016 was insignificant.

 

The effective tax rate differs from the statutory rates primarily as a result of the valuation allowance recorded against the Company’s U.S. tax jurisdiction deferred tax assets and differing foreign and U.S. tax rates applied to respective pre-tax earnings by tax jurisdiction.

 

The third quarter of 2017 includes equity method investment losses of $0.8 million, consisting of a $1.0 million loss from Itasca, partially offset by income of $0.2 million from PIH and $0.1 million from RELM. Equity method investment income in the third quarter of 2016 was not significant.

 

As a result of the items outlined above, we generated net losses from continuing operations of approximately $1.0 million and basic and diluted losses per share from continuing operations of $0.07 in the third quarter of 2017, compared to net losses from continuing operations of $0.5 million and basic and diluted losses per share from continuing operations of $0.03 in the third quarter of 2016.

 

Nine Months Ended September 30, 2017 Compared to the Nine Months Ended September 30, 2016

 

Revenues

 

Net revenues during the nine months ended September 30, 2017 increased 1.0% to $56.9 million from $56.3 million during the nine months ended September 30, 2016.

 

   Nine Months Ended September 30, 
   2017   2016 
   (in thousands) 
Cinema  $27,606   $32,085 
Digital Media   29,518    25,411 
Other   22    - 
Total segment revenues   57,146    57,496 
Eliminations   (261)   (1,156)
Total net revenues  $56,885   $56,340 

 

Cinema

 

Sales of cinema products and services decreased 14.0% to $27.6 million in the first nine months of 2017 from $32.1 million in the first nine months of 2016. This decrease was driven by lower sales of digital projectors, lamps and screens, partially offset by higher sales of digital displays, digital parts and servers.

 

23
 

 

Digital Media

 

Sales of digital media products and services increased 16.2% to $29.5 million in the first nine months of 2017 from $25.4 million in the first nine months of 2016. This increase was driven by increased installation, digital signage as a service (“DSaaS”) and nonrecurring maintenance revenues, partially offset by decreased recurring maintenance contract revenue.

 

Export Revenues

 

Sales outside the United States (primarily from the cinema segment) increased slightly to $12.2 million for the first nine months of 2017 from $12.1 million in 2016. Increased sales in Canada and Asia were mostly offset by decreased sales in Mexico and Europe. Certain areas of the world are more cost conscious than the U.S. market and there are instances where our products are priced higher than local manufacturers, making it more difficult to generate sufficient profit to justify selling into these regions. Additionally, foreign exchange rates and excise taxes sometimes make it difficult to market our products overseas at reasonable selling prices.

 

Gross Profit

 

Consolidated gross profit was $15.0 million, or 26.4% as a percentage of revenues, in the first nine months of 2017 and $15.8 million, or 28.0% as a percentage of revenues, in the first nine months of 2016. Gross profit in the cinema segment decreased to $8.7 million, or 31.4% as a percentage of revenues, in the first nine months of 2017 from $10.0 million, or 31.2% as a percentage of revenues, in the first nine months of 2016. The decrease in gross margin dollars was caused by the lower revenues described above.

 

The gross profit in the digital media segment increased to $6.3 million, or 21.5% of revenues, in the first nine months of 2017 from $5.8 million, or 22.7% of revenues, in the first nine months of 2016. The increase in gross margin dollars was caused by the higher revenues described above, while the slight decrease in gross margin percentage was caused by lower margins on nonrecurring maintenance revenue.

 

Selling Expenses

 

Selling expenses increased 27.4% to $4.2 million in the first nine months of 2017 compared to $3.3 million in the first nine months of 2016 and as a percentage of revenues increased to 7.4% from 5.9% in the same period of the prior year. The increase in selling expenses was primarily due to increased employee-related costs and external commissions.

 

Administrative Expenses

 

Administrative expenses increased 28.3% to $11.7 million in the first nine months of 2017 from $9.1 million in the first nine months of 2016, and as a percentage of total revenue increased to 20.6% in the first nine months of 2017 from 16.2% in the first nine months of 2016. This increase was driven by a $0.9 million increase in consulting and software licensing costs associated with our CRM and ERP systems implementation, $0.7 million in bad debt expense, a $0.8 million increase in audit and legal expenses primarily related to the restatement of our 2016 financial statements and our internal control remediation efforts and a $0.2 million increase in employee-related costs.

 

Other Financial Items

 

The first nine months of 2017 includes total other expense of $0.5 million, consisting primarily of foreign currency transaction losses and interest expense. The first nine months of 2016 includes total other expense of $0.8 million, primarily consisting of $1.0 million of net losses on foreign currency transactions and $0.4 million of decrease in market value of marketable securities, partially offset by $0.5 million of excess joint venture distributions recognized as income.

 

The effective tax rate differs from the statutory rates primarily as a result of the valuation allowance recorded against the Company’s U.S. tax jurisdiction deferred tax assets and differing foreign and U.S. tax rates applied to respective pre-tax earnings by tax jurisdiction.

 

The first nine months of 2017 includes equity method investment income of $1.5 million, consisting of $1.3 million from Itasca and $0.2 million from PIH. The first nine months of 2016 included equity method investment income of $0.1 million, consisting of $0.2 million from RELM, partially offset by losses of $0.1 million on Itasca.

 

As a result of the items outlined above, we generated net losses from continuing operations of approximately $2.6 million and basic and diluted losses per share from continuing operations of $0.18 in the first nine months of 2017, compared to net income from continuing operations of $0.5 million and basic and diluted earnings per share from continuing operations of $0.03 for the first nine months of 2016.

 

24
 

 

Results of Discontinued Operations

 

Our discontinued operations related to our former China Operations generated an after tax loss of $49 thousand and negligible basic and diluted loss per share in the first nine months of 2017, compared to an after tax loss of $0.7 million and basic and diluted loss per share of $0.05 in the first nine months of 2016.

 

Liquidity and Capital Resources

 

During the past several years, we have primarily met our working capital and capital resource needs from our operating cash flows. We believe that our existing sources of liquidity, including cash and cash equivalents, credit facilities and operating cash flow, will be sufficient to meet our projected capital needs for the foreseeable future. On April 27, 2017, we entered into a debt agreement with a bank consisting of 1) a $2 million five-year term loan secured by a first lien deed of trust on our Alpharetta, GA facility, bearing interest at a fixed rate of 4.5% and payable in equal monthly installments of principal and interest calculated based on a 20-year amortization schedule with a final balloon payment of approximately $1.7 million due on May 10, 2022 and 2) a line of credit of up to $1 million secured by a second lien deed of trust on our Alpharetta, GA facility, bearing interest at the Prime Rate published in the Wall Street Journal plus 0.25% and with a term ending May 10, 2018. Under the debt agreement, we must maintain a ratio of total liabilities to tangible net worth not in excess of 3 to 1 and maintain minimum liquidity of $2 million. At September 30, 2017, the balance of the term loan including current maturities was $1.98 million. We also had outstanding borrowings on our line of credit of $0.5 million and had the ability to borrow up to an additional $0.5 million. At September 30, 2017, we were in compliance with our debt covenants.

 

On September 5, 2017, our Canadian subsidiary, Strong/MDI, entered into a demand credit agreement with a bank consisting of a revolving line of credit for up to CDN$3.5 million (approximately USD$2.8 million) subject to a borrowing base requirement, a 20-year installment loan for up to CDN$6.0 million (approximately USD$4.8 million) and a 5-year installment loan for up to CDN$500,000 (approximately USD$400,000). Amounts outstanding under the line of credit are payable on demand and will bear interest at the prime rate established by the lender. Amounts outstanding under the installment loans will bear interest at the prime rate plus 0.5% and are payable in monthly installments, including interest, over their respective borrowing periods. The lender may also demand repayment of the installment loans at any time. The Strong/MDI credit facilities are secured by a lien on Strong/MDI’s Quebec, Canada facility and substantially all of Strong/MDI’s assets. The credit agreement requires Strong/MDI to maintain a ratio of liabilities to “effective equity” (tangible stockholders’ equity, less amounts receivable from affiliates and equity method investments) not exceeding 2 to 1, a current ratio (excluding amounts due from related parties) of at least 1.5 to 1 and minimum “effective equity” of CDN$8.0 million (approximately USD$6.4 million). There were no borrowings outstanding at September 30, 2017 on any of the Strong/MDI credit facilities, as Strong/MDI had not yet drawn on the facilities. Strong/MDI was in compliance with its debt covenants as of September 30, 2017.

 

We ended the third quarter with total cash and cash equivalents of $4.0 million, compared to $7.6 million at December 31, 2016. As of September 30, 2017, $2.5 million of the $4.0 million in cash and cash equivalents was held by our foreign subsidiary. If these funds are needed for our operations in the U.S., we would be required to pay U.S. income taxes and foreign withholding taxes on a portion of these funds when repatriated back to the U.S.

 

Cash Flows from Operating Activities

 

Net cash used in operating activities from continuing operations was $0.9 million in the first nine months of 2017, which included net losses from continuing operations of $2.6 million and $1.5 million of equity method investment earnings, partially offset by $3.7 million of other net non-cash charges. Changes in working capital decreased cash from operating activities of continuing operations by $0.5 million, primarily due to decreases in accrued expenses and customer deposits, partially offset by increases in accounts payable.

 

Net cash used in operating activities from continuing operations was $0.5 million in the first nine months of 2016, which included net income from continuing operations of $0.5 million and net non-cash charges totaling $1.8 million. Changes in working capital decreased cash from operating activities of continuing operations by $2.8 million, primarily due an increase in inventories and a decrease in current income taxes payable. Inventories increased $0.7 million primarily due to timing of customer orders at the end of the quarter. Current income taxes decreased $1.7 million primarily due to payments for Canadian income taxes.

 

Net cash used in operating activities of discontinued operations was $0.1 million in the first nine months of 2017 compared to $1.6 million in the first nine months of 2016, as the significant discontinued operations were divested in the fourth quarter of 2016.

 

25
 

 

Cash Flows from Investing Activities

 

Net cash used in investing activities was $5.2 million in the first nine months of 2017 primarily due to $2.5 million used in purchases of equity securities and $2.9 million for capital expenditures. Net cash used in investing activities amounted to $5.0 million in the first nine months of 2016 primarily due to $4.1 million used in purchases of equity securities and $1.1 million for capital expenditures.

 

Cash Flows from Financing Activities

 

Net cash provided by financing activities was $2.2 million in the first nine months of 2017 due to $2.5 million of proceeds from issuance of debt, offset slightly by $0.1 million of treasury stock purchases and $0.2 million of capital lease payments.

 

Net cash used in financing activities in the first nine months of 2016 was $0.3 million and primarily for purchase of treasury stock and payments on capital leases.

 

The effect of changes in foreign exchange rates from continuing operations increased cash and cash equivalents by $0.3 million and $0.8 million in the first nine months of 2017 and 2016, respectively.

 

Hedging and Trading Activities

 

Our primary exposure to foreign currency fluctuations pertains to our subsidiary in Canada. In certain instances, we may enter into a foreign exchange contract to manage a portion of this risk. We do not have any trading activities that include non-exchange traded contracts at fair value.

 

Off Balance Sheet Arrangements and Contractual Obligations

 

The future estimated payments under these arrangements are summarized below along with our other contractual obligations (in thousands):

 

Contractual Obligations  Total   Remaining in 2017   2018-2019   2020-2021   Thereafter 
   (Amounts in thousands) 
Long-term debt, including current maturities  $2,372   $38   $306   $306   $1,722 
Short-term debt   631    54    577    -    - 
Postretirement benefits   122    6    30    30    56 
Capital leases   433    66    367    -    - 
Operating leases   7,746    301    3,494    2,885    1,066 
Contractual cash obligations  $11,304   $465   $4,774   $3,221   $2,844 

 

There were no other material contractual obligations other than inventory and property, plant and equipment purchases in the ordinary course of business.

 

Seasonality

 

Generally, our quarterly revenue and earnings fluctuate moderately from quarter to quarter. As we increase our sales in our current markets, and as we expand into new markets in different geographies, it is possible we may experience different seasonality patterns in our business. As a result, the results of operations for the three months and nine months ended September 30, 2017 are not necessarily indicative of the results that may be expected for an entire fiscal year.

 

Recently Issued Accounting Pronouncements

 

See Note 3, Summary of Significant Accounting Policies to the condensed consolidated financial statements for a description of recently issued accounting pronouncements.

 

Critical Accounting Policies and Estimates

 

In preparing our consolidated financial statements in conformity with U.S. generally accepted accounting principles, management must make a variety of decisions which impact the reported amounts and the related disclosures. These decisions include the selection of the appropriate accounting principles to be applied and the assumptions on which to base accounting estimates. In making these decisions, management applies its judgment based on its understanding and analysis of the relevant circumstances and our historical experience.

 

26
 

 

Our accounting policies and estimates that are most critical to the presentation of our results of operations and financial condition, and which require the greatest use of judgments and estimates by management, are designated as our critical accounting policies. See further discussion of our critical accounting policies under Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in our Annual Report on Form 10-K/A for our year ended December 31, 2016. We periodically re-evaluate and adjust our critical accounting policies as circumstances change. There were no significant changes in our critical accounting policies during the nine months ended September 30, 2017.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

The principal market risks affecting us are exposure to interest rates and foreign currency exchange rates. We market our products throughout the United States and the world. As a result, we could be adversely affected by such factors as changes in foreign currency rates and weak economic conditions. As a majority of our sales are currently denominated in U.S. dollars, a strengthening of the dollar can and sometimes has made our products less competitive in foreign markets.

 

Interest Rates—Interest rate risks from our interest related accounts such as our postretirement obligations are not deemed significant. We currently have long-term notes receivables, recorded at fair value, bearing interest rates of 15% and long-term debt with an interest rate of 4.5%. A change in long-term interest rates for comparable types of instruments would have the effect of us recording changes in fair value of the notes receivable through our statement of operations.

 

Foreign Exchange—Exposures to transactions denominated in currencies other than the entity’s functional currency are primarily related to our Canadian subsidiary. Fluctuations in the value of foreign currencies create exposures, which can adversely affect our results of operations. From time to time, as market conditions indicate, we will enter into foreign currency contracts to manage the risks associated with forecasted transactions. A portion of our cash in our Canadian subsidiary is denominated in foreign currencies, where fluctuations in exchange rates will impact our cash balances in U.S. dollar terms. A hypothetical 10% change in the value of the U.S. dollar would impact our reported cash balance by approximately $0.2 million.

 

Equity Price Risk—We are exposed to price risk related to our investments in equity securities. At September 30, 2017, our carrying value of investments in equity securities aggregated $17.6 million, all of which were accounted for using the equity method. The fair value of these investments was $16.0 million at September 30, 2017. A change in the equity price of the equity method investments would result in a change in the fair value or economic value of such securities.

 

Item 4. Controls and Procedures

 

The Company carried out an evaluation under the supervision and with the participation of the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to Securities Exchange Act Rule 13a-15. Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that as of the end of the period covered by this report, the Company’s disclosure controls and procedures were ineffective, due to the material weaknesses described below.

 

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.

 

During the fourth quarter of fiscal 2016, we implemented a new integrated Customer Relationship Management (CRM) system and a new enterprise resource planning (ERP) system including inventory management and financial reporting modules that will upgrade and standardize our information systems. We have completed the implementation with respect to some of our subsidiaries and plan to continue to roll out the CRM and ERP system modules over the next year for certain of our other subsidiaries. Therefore, as appropriate, we modified the design and are still in the process of updating certain documentation of internal control processes and procedures to supplement and complement existing internal controls over financial reporting to accommodate the system changes. The CRM and ERP resulted in changes that materially affected our system of internal control over financial reporting during the three months ended December 31, 2016. As a result, our controls over system access were not fully aligned with our functional segregation of duties. During the nine months ended September 30, 2017, we made progress in aligning our system access with our functional segregation of duties for certain of our subsidiaries. However, our system access was not yet fully aligned with our functional segregation of duties as of September 30, 2017.

 

27
 

 

In the course of our preparations for making management’s report on internal control over financial reporting in our most recent Form 10-K as required by Section 404 of the Sarbanes-Oxley Act of 2002, we identified areas in need of improvement and have taken remedial actions to strengthen the affected controls as appropriate. One such area was our documentation of business processes, procedures and internal controls for one of our subsidiaries that enters into arrangements with its customers involving multiple deliverables which affects revenue recognition. As of December 31, 2016, we were still in the process of updating our documentation as resource constraints stemming from the aforementioned CRM and ERP implementation have delayed our efforts in making these updates. We evaluated our current documentation over revenue recognition for arrangements with multiple deliverables and concluded it was not sufficient to ensure internal controls over this accounting were effective. We believe this deficiency in aggregate with the aforementioned deficiency stemming from our CRM and ERP system segregation of duties result in a material weakness which may have a material effect on our internal control over financial reporting impacting controls over revenue recognition.

 

We plan to continue to implement the CRM and other significant modules of the ERP in these and other subsidiaries in the coming years, as we believe these changes will simplify our business processes and system of internal control over financial reporting. In connection with these and future enhancements, the Company will update its internal controls over financial reporting, as necessary, to accommodate any modification to its business processes and procedures.

 

In addition, during the preparation of its Form 10-Q for the quarter ended March 31, 2017, management of the Company identified two misstatements in the Company’s previously issued consolidated financial statements for the year ended December 31, 2016. The first misstatement related to approximately $477,000 of maintenance service revenue that was pre-billed at a customer’s request, but related to services not completed by December 31, 2016. This revenue was improperly recognized during the year ended December 31, 2016. The second misstatement related to earnings at one of the Company’s Canadian subsidiaries that would be subject to a withholding tax if repatriated to the U.S. The Company improperly excluded earnings to the extent of certain intercompany loans between its Canada and U.S. entities from its provision for deferred income taxes, resulting in an understatement of deferred income tax expense of approximately $238,000.

 

The Company has restated its Consolidated Balance Sheet as of December 31, 2016, and the related Consolidated Statement of Operations, Consolidated Statement of Comprehensive (Loss) Income, Consolidated Statement of Stockholders’ Equity and Consolidated Statement of Cash Flows for the year then ended to correct the misstatements described above. We determined our controls over cutoff for maintenance service revenues were insufficient, resulting in a material weakness that had a material effect on our internal control over financial reporting impacting revenue recognition.

 

During the nine months ended September 30, 2017, we engaged a consulting firm to assist us in evaluating our internal controls, including controls over cutoff for maintenance service revenues and updating our documentation, including documentation related to arrangements with customers involving multiple deliverables. This engagement is expected to continue into late 2017. During the nine months ended September 30, 2017, we implemented additional controls to address deficiencies regarding revenue recognition. We expect to fully remediate the above-mentioned material weaknesses before the end of the fiscal year ending December 31, 2017.

 

The Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, evaluated any change during the fiscal quarter for the period covered by this report and have concluded that, except for controls implemented to address the deficiencies as described above, there has been no other change that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

PART II. Other Information

 

Item 1. Legal Proceedings

 

In the ordinary course of business operations, we are involved, from time to time, in certain legal disputes. No such disputes, individually or in the aggregate, are expected to have a material effect on our business or financial condition.

 

Item 1A. Risk Factors

 

Item 1A “Risk Factors” in our Annual Report on Form 10-K/A for the year ended December 31, 2016 includes a detailed discussion of the Company’s risk factors. There have been no material changes to the risk factors as previously disclosed.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

On August 20, 2015, we announced that our Board of Directors adopted a stock repurchase program authorizing the repurchase of up to 700,000 shares of our outstanding Common Stock pursuant to a plan adopted under Rule 10b5-1 of the Securities Exchange Act of 1934 (as amended). The repurchase program has no expiration date. There were no repurchases during the three months ended September 30, 2017. As of September 30, 2017, there were 637,006 shares that may yet be purchased under the stock repurchase program.

 

28
 

 

Item 6. Exhibits

 

        Incorporated by Reference    
Exhibit
Number
  Document Description   Form   Exhibit   Filing
Date
  Filed
Herewith
                     
10.1   Credit Agreement, executed as of September 5, 2017, by and between Strong/MDI Screen Systems, Inc., as Borrower, and Canadian Imperial Bank of Commerce, as Lender.   8-K   10.1   9-8-17    
                     
31.1   Rule 13a-14(a) Certification of Chief Executive Officer.               X
                     
31.2   Rule 13a-14(a) Certification of Chief Financial Officer.               X
                     
32.1 * 18 U.S.C. Section 1350 Certification of Chief Executive Officer.               X
                     
32.2 * 18 U.S.C. Section 1350 Certification of Chief Financial Officer.               X
                     
101   The following materials from Ballantyne Strong, Inc.’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, formatted in XBRL (Extensible Business Reporting Language): (i) the Condensed Consolidated Balance Sheets, (ii) the Condensed Consolidated Statements of Operations, (iii) the Condensed Consolidated Statements of Comprehensive (Loss) Income, (iv) the Condensed Consolidated Statements of Cash Flows and (v) the Notes to Condensed Consolidated Financial Statements.               X

 

 

* Furnished herewith.

 

29
 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

BALLANTYNE STRONG, INC.    
       
By: /s/ D. Kyle Cerminara By: /s/ Lance V. Schulz
  D. Kyle Cerminara,   Lance V. Schulz,
  Chairman of the Board of Directors and Chief   Senior Vice President and Chief Financial Officer
  Executive Officer (Principal Executive Officer)   (Principal Financial Officer and Principal
      Accounting Officer)
       
Date: November 7, 2017 Date: November 7, 2017

 

30
 

EX-31.1 2 ex31-1.htm

 

Exhibit 31.1

 

CERTIFICATION

 

I, D. Kyle Cerminara, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q for the quarter ended September 30, 2017 of Ballantyne Strong, Inc.;
   
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
   
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
   
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

 

  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

  By: /s/ D. KYLE CERMINARA
    D. Kyle Cerminara
    Chairman and Chief Executive Officer
     
November 7, 2017    

 

 
 

EX-31.2 3 ex31-2.htm

 

Exhibit 31.2

 

CERTIFICATION

 

I, Lance V. Schulz, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q for the quarter ended September 30, 2017 of Ballantyne Strong, Inc.;
   
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
   
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
   
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

 

  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

  By: /s/ LANCE V. SCHULZ
    Lance V. Schulz
    Chief Financial Officer

 

November 7, 2017

 

 
 

EX-32.1 4 ex32-1.htm

 

Exhibit 32.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER
Pursuant to 18 U.S.C. Section 1350, as adopted
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

The undersigned, D. Kyle Cerminara, Chief Executive Officer of Ballantyne Strong, Inc. (the “Company”), has executed this certification in connection with the filing with the Securities and Exchange Commission of the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2017 (the “Report”).

 

The undersigned hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to his knowledge that:

 

  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
     
  2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

IN WITNESS WHEREOF, the undersigned has executed this certification as of the 7th day of November, 2017.

 

/s/ D. KYLE CERMINARA  
D. Kyle Cerminara  
Chairman and Chief Executive Officer  

 

A signed original of this written statement required by Section 906 has been provided to Ballantyne Strong, Inc. and will be retained by Ballantyne Strong, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

 

 
 

 

EX-32.2 5 ex32-2.htm

 

Exhibit 32.2

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER
Pursuant to 18 U.S.C. Section 1350, as adopted
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

The undersigned, Lance V. Schulz, Chief Financial Officer of Ballantyne Strong, Inc. (the “Company”), has executed this certification in connection with the filing with the Securities and Exchange Commission of the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2017 (the “Report”).

 

The undersigned hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to his knowledge that:

 

  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
     
  2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

IN WITNESS WHEREOF, the undersigned has executed this certification as of the 7th day of November, 2017.

 

/s/ LANCE V. SCHULZ  
Lance V. Schulz  
Chief Financial Officer  

 

A signed original of this written statement required by Section 906 has been provided to Ballantyne Strong, Inc. and will be retained by Ballantyne Strong, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

 

 
 

 

EX-101.INS 6 btn-20170930.xml XBRL INSTANCE FILE 0000946454 2015-12-31 0000946454 2017-01-01 2017-09-30 0000946454 us-gaap:FairValueInputsLevel1Member 2017-09-30 0000946454 us-gaap:FairValueInputsLevel3Member 2017-09-30 0000946454 us-gaap:FairValueInputsLevel2Member 2017-09-30 0000946454 BTN:BusinessSegmentsMember 2017-01-01 2017-09-30 0000946454 BTN:ChinaMember 2017-01-01 2017-09-30 0000946454 BTN:CanadaMember 2017-01-01 2017-09-30 0000946454 BTN:MexicoMember 2017-01-01 2017-09-30 0000946454 us-gaap:EuropeMember 2017-01-01 2017-09-30 0000946454 BTN:AsiaExcludingChinaMember 2017-01-01 2017-09-30 0000946454 BTN:OtherCountriesMember 2017-01-01 2017-09-30 0000946454 us-gaap:DomesticCountryMember 2016-12-31 0000946454 BTN:CanadaMember 2017-09-30 0000946454 BTN:CanadaMember 2016-12-31 0000946454 BTN:ProductionFormulationMember 2017-01-01 2017-09-30 0000946454 BTN:ProductionFormulationMember 2017-09-30 0000946454 us-gaap:DomesticCountryMember 2017-01-01 2017-09-30 0000946454 us-gaap:DomesticCountryMember 2017-09-30 0000946454 BTN:BusinessSegmentsMember BTN:CinemaMember 2017-01-01 2017-09-30 0000946454 BTN:BusinessSegmentsMember BTN:DigitalMediaMember 2017-01-01 2017-09-30 0000946454 BTN:BusinessSegmentsMember BTN:CinemaMember 2017-09-30 0000946454 BTN:BusinessSegmentsMember BTN:CinemaMember 2016-12-31 0000946454 BTN:BusinessSegmentsMember BTN:DigitalMediaMember 2017-09-30 0000946454 BTN:BusinessSegmentsMember BTN:DigitalMediaMember 2016-12-31 0000946454 BTN:BusinessSegmentsMember us-gaap:CorporateMember 2017-09-30 0000946454 BTN:BusinessSegmentsMember us-gaap:CorporateMember 2016-12-31 0000946454 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember 2017-01-01 2017-09-30 0000946454 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember 2017-01-01 2017-09-30 0000946454 2016-12-31 0000946454 us-gaap:StockOptionMember 2017-09-30 0000946454 us-gaap:RestrictedStockMember 2016-12-31 0000946454 us-gaap:StockOptionMember 2017-01-01 2017-09-30 0000946454 2016-01-01 2016-09-30 0000946454 2016-09-30 0000946454 us-gaap:RestrictedStockMember 2017-09-30 0000946454 us-gaap:RestrictedStockMember 2017-01-01 2017-09-30 0000946454 BTN:SWBTIMember 2016-11-03 2016-11-04 0000946454 BTN:RelmWirelessCorpMember 2016-12-31 0000946454 BTN:RelmWirelessCorpMember us-gaap:ChiefExecutiveOfficerMember us-gaap:MinimumMember 2017-09-30 0000946454 BTN:RelmWirelessCorpMember 2017-01-01 2017-09-30 0000946454 BTN:ItascaCapitalLtdMember 2016-12-31 0000946454 BTN:PropertyInsuranceHoldingsIncMember 2016-12-31 0000946454 BTN:RelmWirelessCorpMember us-gaap:EquityMethodInvestmentsMember 2016-01-01 2016-09-30 0000946454 BTN:ItascaCapitalLtdMember us-gaap:EquityMethodInvestmentsMember 2016-01-01 2016-09-30 0000946454 us-gaap:EquityMethodInvestmentsMember 2016-01-01 2016-09-30 0000946454 BTN:PropertyInsuranceHoldingsLtdMember us-gaap:EquityMethodInvestmentsMember 2016-01-01 2016-09-30 0000946454 BTN:RelmWirelessCorpMember us-gaap:EquityMethodInvestmentsMember 2017-01-01 2017-09-30 0000946454 BTN:ItascaCapitalLtdMember us-gaap:EquityMethodInvestmentsMember 2017-01-01 2017-09-30 0000946454 BTN:PropertyInsuranceHoldingsLtdMember us-gaap:EquityMethodInvestmentsMember 2017-01-01 2017-09-30 0000946454 2017-09-30 0000946454 BTN:RelmWirelessCorpMember 2017-09-30 0000946454 BTN:RelmWirelessCorpMember 2016-01-01 2016-09-30 0000946454 BTN:PropertyInsuranceHoldingsIncMember 2017-09-30 0000946454 BTN:ItascaCapitalLtdMember 2017-09-30 0000946454 us-gaap:EquityMethodInvestmentsMember 2017-01-01 2017-09-30 0000946454 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2017-01-01 2017-09-30 0000946454 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2016-01-01 2016-09-30 0000946454 us-gaap:RestrictedStockMember 2017-01-01 2017-09-30 0000946454 us-gaap:RestrictedStockMember 2017-09-30 0000946454 us-gaap:FairValueInputsLevel1Member 2016-12-31 0000946454 us-gaap:FairValueInputsLevel2Member 2016-12-31 0000946454 us-gaap:FairValueInputsLevel3Member 2016-12-31 0000946454 BTN:StockOptionWhichExercisePriceExceedsAverageMarketPriceMember 2017-01-01 2017-09-30 0000946454 BTN:StockOptionWhichExercisePriceExceedsAverageMarketPriceMember 2016-01-01 2016-09-30 0000946454 BTN:OptionsAndRestrictedStockAwardsMember 2017-01-01 2017-09-30 0000946454 BTN:OptionsAndRestrictedStockAwardsMember 2016-01-01 2016-09-30 0000946454 BTN:ProductionFormulationMember 2016-12-31 0000946454 BTN:ProductionFormulationMember 2016-01-01 2016-12-31 0000946454 BTN:BusinessSegmentsMember BTN:CinemaMember 2016-01-01 2016-09-30 0000946454 BTN:BusinessSegmentsMember BTN:DigitalMediaMember 2016-01-01 2016-09-30 0000946454 BTN:BusinessSegmentsMember 2016-01-01 2016-09-30 0000946454 us-gaap:DomesticCountryMember 2016-01-01 2016-09-30 0000946454 BTN:ChinaMember 2016-01-01 2016-09-30 0000946454 BTN:CanadaMember 2016-01-01 2016-09-30 0000946454 BTN:MexicoMember 2016-01-01 2016-09-30 0000946454 us-gaap:EuropeMember 2016-01-01 2016-09-30 0000946454 BTN:AsiaExcludingChinaMember 2016-01-01 2016-09-30 0000946454 BTN:OtherCountriesMember 2016-01-01 2016-09-30 0000946454 us-gaap:LongTermDebtMember 2017-04-27 0000946454 us-gaap:LongTermDebtMember 2017-04-26 2017-04-27 0000946454 us-gaap:LineOfCreditMember 2017-04-27 0000946454 us-gaap:LineOfCreditMember 2017-04-26 2017-04-27 0000946454 2017-07-01 2017-09-30 0000946454 2016-07-01 2016-09-30 0000946454 2017-10-31 0000946454 BTN:StrongWestrexIncMember 2017-05-16 2017-05-17 0000946454 BTN:StockOptionWhichExercisePriceExceedsAverageMarketPriceMember 2017-07-01 2017-09-30 0000946454 BTN:StockOptionWhichExercisePriceExceedsAverageMarketPriceMember 2016-07-01 2016-09-30 0000946454 BTN:OptionsAndRestrictedStockAwardsMember 2017-07-01 2017-09-30 0000946454 BTN:OptionsAndRestrictedStockAwardsMember 2016-07-01 2016-09-30 0000946454 BTN:RelmWirelessCorpMember us-gaap:EquityMethodInvestmentsMember 2017-07-01 2017-09-30 0000946454 BTN:ItascaCapitalLtdMember us-gaap:EquityMethodInvestmentsMember 2017-07-01 2017-09-30 0000946454 BTN:PropertyInsuranceHoldingsLtdMember us-gaap:EquityMethodInvestmentsMember 2017-07-01 2017-09-30 0000946454 us-gaap:EquityMethodInvestmentsMember 2017-07-01 2017-09-30 0000946454 BTN:RelmWirelessCorpMember us-gaap:EquityMethodInvestmentsMember 2016-07-01 2016-09-30 0000946454 BTN:ItascaCapitalLtdMember us-gaap:EquityMethodInvestmentsMember 2016-07-01 2016-09-30 0000946454 BTN:PropertyInsuranceHoldingsLtdMember us-gaap:EquityMethodInvestmentsMember 2016-07-01 2016-09-30 0000946454 us-gaap:EquityMethodInvestmentsMember 2016-07-01 2016-09-30 0000946454 BTN:ItascaCapitalLtdMember 2016-10-01 2017-06-30 0000946454 us-gaap:SoftwareDevelopmentMember 2017-09-30 0000946454 BTN:SoftwareInServiceMember 2017-09-30 0000946454 BTN:SoftwareInServiceMember 2017-01-01 2017-09-30 0000946454 us-gaap:SoftwareDevelopmentMember 2016-12-31 0000946454 BTN:SoftwareInServiceMember 2016-12-31 0000946454 BTN:SoftwareInServiceMember 2016-01-01 2016-12-31 0000946454 2017-06-30 0000946454 2016-06-30 0000946454 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2017-07-01 2017-09-30 0000946454 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2016-07-01 2016-09-30 0000946454 BTN:TwoThousandAndSeventeenPlanMember 2017-09-30 0000946454 BTN:OptionsMember 2017-01-01 2017-09-30 0000946454 BTN:OptionsMember 2016-01-01 2016-09-30 0000946454 us-gaap:RestrictedStockUnitsRSUMember 2017-01-01 2017-09-30 0000946454 us-gaap:RestrictedStockUnitsRSUMember 2016-12-31 0000946454 us-gaap:RestrictedStockUnitsRSUMember 2017-09-30 0000946454 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember 2017-07-01 2017-09-30 0000946454 BTN:BusinessSegmentsMember BTN:CinemaMember 2017-07-01 2017-09-30 0000946454 BTN:BusinessSegmentsMember BTN:CinemaMember 2016-07-01 2016-09-30 0000946454 BTN:BusinessSegmentsMember BTN:DigitalMediaMember 2017-07-01 2017-09-30 0000946454 BTN:BusinessSegmentsMember BTN:DigitalMediaMember 2016-07-01 2016-09-30 0000946454 BTN:BusinessSegmentsMember 2017-07-01 2017-09-30 0000946454 BTN:BusinessSegmentsMember 2016-07-01 2016-09-30 0000946454 us-gaap:DomesticCountryMember 2017-07-01 2017-09-30 0000946454 us-gaap:DomesticCountryMember 2016-07-01 2016-09-30 0000946454 BTN:ChinaMember 2017-07-01 2017-09-30 0000946454 BTN:ChinaMember 2016-07-01 2016-09-30 0000946454 us-gaap:LatinAmericaMember 2017-07-01 2017-09-30 0000946454 us-gaap:LatinAmericaMember 2016-07-01 2016-09-30 0000946454 us-gaap:LatinAmericaMember 2016-01-01 2016-09-30 0000946454 us-gaap:LatinAmericaMember 2017-01-01 2017-09-30 0000946454 BTN:CanadaMember 2017-07-01 2017-09-30 0000946454 BTN:CanadaMember 2016-07-01 2016-09-30 0000946454 BTN:MexicoMember 2017-07-01 2017-09-30 0000946454 BTN:MexicoMember 2016-07-01 2016-09-30 0000946454 us-gaap:EuropeMember 2017-07-01 2017-09-30 0000946454 us-gaap:EuropeMember 2016-07-01 2016-09-30 0000946454 BTN:AsiaExcludingChinaMember 2017-07-01 2017-09-30 0000946454 BTN:AsiaExcludingChinaMember 2016-07-01 2016-09-30 0000946454 BTN:OtherCountriesMember 2017-07-01 2017-09-30 0000946454 BTN:OtherCountriesMember 2016-07-01 2016-09-30 0000946454 us-gaap:SoftwareDevelopmentMember 2016-01-01 2016-12-31 0000946454 BTN:PropertyInsuranceHoldingsIncMember 2017-01-01 2017-09-30 0000946454 us-gaap:LineOfCreditMember BTN:DemandCreditAgreementMember 2017-09-05 0000946454 us-gaap:LineOfCreditMember BTN:DemandCreditAgreementMember BTN:CADMember 2017-09-05 0000946454 BTN:DemandCreditAgreementMember 2017-09-04 2017-09-05 0000946454 BTN:DemandCreditAgreementMember BTN:CADMember BTN:TwentyYearInstallmentLoanMember 2017-09-05 0000946454 BTN:DemandCreditAgreementMember BTN:TwentyYearInstallmentLoanMember 2017-09-05 0000946454 BTN:DemandCreditAgreementMember BTN:CADMember BTN:FiveYearInstallmentLoanMember 2017-09-05 0000946454 BTN:DemandCreditAgreementMember BTN:FiveYearInstallmentLoanMember 2017-09-05 0000946454 BTN:BusinessSegmentsMember BTN:OtherMember 2016-07-01 2016-09-30 0000946454 BTN:BusinessSegmentsMember BTN:OtherMember 2017-07-01 2017-09-30 0000946454 BTN:BusinessSegmentsMember BTN:OtherMember 2017-01-01 2017-09-30 0000946454 BTN:BusinessSegmentsMember BTN:OtherMember 2016-01-01 2016-09-30 0000946454 BTN:IntangibleAssetsMember 2017-09-30 0000946454 us-gaap:StockOptionMember 2016-01-01 2016-12-31 0000946454 BTN:DemandCreditAgreementMember BTN:TwentyYearInstallmentLoanMember 2017-09-04 2017-09-05 0000946454 BTN:DemandCreditAgreementMember BTN:FiveYearInstallmentLoanMember 2017-09-04 2017-09-05 0000946454 us-gaap:LineOfCreditMember us-gaap:PrimeRateMember 2017-04-27 0000946454 BTN:DemandCreditAgreementMember BTN:TwentyYearInstallmentLoanMember us-gaap:PrimeRateMember 2017-09-04 2017-09-05 0000946454 BTN:DemandCreditAgreementMember BTN:FiveYearInstallmentLoanMember us-gaap:PrimeRateMember 2017-09-04 2017-09-05 iso4217:USD iso4217:USD xbrli:shares xbrli:shares xbrli:pure BTN:Segments iso4217:CAD BTN:Integer --12-31 false Accelerated Filer 2017-09-30 56885000 57146000 4543000 4372000 1164000 427000 216000 252000 44648000 27606000 29518000 56340000 32085000 25411000 57496000 44184000 4316000 3676000 1816000 788000 70000 138000 19559000 18668000 8681000 11070000 11087000 7911000 19781000 18981000 15349000 14643000 1646000 1518000 461000 377000 1352000 1263000 1365000 1399000 425000 472000 250000 196000 45000 63000 18000 13000 22000 -880000 6210000 6704000 -205000 3333000 8318000 884000 9202000 548000 257000 2438000 2205000 505000 -61000 2845000 2144000 -98000 -289000 <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended September 30,</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In thousands)</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="14" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(in thousands)</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net revenue</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 48%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,681</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,070</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">27,606</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">32,085</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital Media</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,087</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,911</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">29,518</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25,411</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">13</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total segment net revenue</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,781</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,981</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">57,146</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">57,496</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Eliminations</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(222</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(313</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(261</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,156</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total net revenue</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,559</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,668</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">56,885</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">56,340</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Operating income (loss)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,438</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,205</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,704</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,318</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital Media</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">505</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(61</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(205</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">884</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(98</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(289</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total segment operating income</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,845</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,144</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,210</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,202</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Unallocated general and administrative expenses</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,297</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,887</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7,090</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,869</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other (expense) income</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Interest, net</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(51</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(66</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema - foreign currency transaction (loss) gain</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(216</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">82</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(438</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(958</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital Media - foreign currency transaction (loss) gain</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(90</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(59</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">28</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(24</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema - excess distribution from joint venture</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">502</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema - other</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(35</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(24</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">45</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital Media - other</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(9</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Change in value of marketable securities - Corporate asset</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(34</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(400</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total other expense</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(392</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(500</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(826</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Earnings (loss) before income taxes and equity method investment (loss) income</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">156</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">257</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,380</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,507</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b></b></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended September 30,</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended September 30,</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In thousands)</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net revenue</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 48%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">United States</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,349</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,643</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">44,648</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">44,184</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">China</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,646</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,518</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,543</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,316</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Latin America</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">461</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">377</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,263</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,352</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Canada</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,365</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,399</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,372</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,676</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Mexico</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">425</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">472</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,164</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,816</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Europe</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">250</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">196</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">427</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">788</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Asia (excluding China)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">45</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">216</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">70</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">63</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">252</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">138</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,559</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,668</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">56,885</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">56,340</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 1563000 1658000 BALLANTYNE STRONG, INC. 13098000 4382000 3368000 5348000 17644000 4448000 8099000 5097000 -500000 -500000 -826000 -826000 -392000 -392000 -410000 -438000 28000 -982000 -958000 -24000 -306000 23000 -216000 82000 -90000 -59000 -24000 -24000 36000 45000 -9000 -35000 -7000 -35000 -5000 -2000 -400000 -400000 -34000 -34000 498000 357000 500000 400000 200000 100000 -1380000 2507000 156000 257000 10-Q BTN 7066000 8529000 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Intangible assets consisted of the following at September 30, 2017:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Useful life</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Gross</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accumulated Amortization</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Years)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(In thousands)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Intangible assets not yet subject to amortization:</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software in development</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; text-align: center; line-height: 115%">&#160;</td> <td style="width: 10%; text-align: center; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,633</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,633</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Intangible assets subject to amortization:</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software in service</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,621</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(430</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,191</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Product formulation</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">489</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(340</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,743</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(770</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,973</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Intangible assets consisted of the following at December 31, 2016:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Useful life</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Gross</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accumulated Amortization</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Years)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(In thousands)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Intangible assets not yet subject to amortization:</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software in development</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; text-align: center; line-height: 115%">&#160;</td> <td style="width: 10%; text-align: center; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">508</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">508</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Intangible assets subject to amortization:</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software in service</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,764</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(93</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,671</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Product formulation</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">454</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(276</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">178</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,726</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(369</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,357</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 15033000 15762000 5319000 4377000 -2622000 -250000 -1037000 -470000 1516000 70000 155000 -85000 70000 12000 1289000 215000 1516000 -753000 29000 109000 -1023000 161000 -753000 114000 -85000 29000 14416040 -900000 1140000 -314000 -726000 712000 1000 -160000 -101000 319000 260000 715000 -195000 134000 733000 41000 -113000 1197000 -205000 -1204000 -233000 174000 -1708000 85000 -32000 -913000 -525000 -147000 -1624000 -1060000 -2149000 2949000 1102000 102000 155000 71000 100000 188000 239000 6000 2218000 -288000 304000 763000 -120000 -3722000 -6797000 4208000 175000 -1439000 17862000 7596000 13834000 4049000 889000 957000 0000946454 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following table summarizes stock option activity for the nine months ended September 30, 2017:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Options</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Exercise Price Per Share</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Remaining Contractual Term</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Aggregate Intrinsic Value (in thousands)</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding at December 31, 2016</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">545,300</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.78</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9.68</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,757</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">435,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.53</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(15,000</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.70</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(33,000</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.09</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expired</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,000</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.33</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding at September 30, 2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">930,300</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5.63</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8.99</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">759</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Exercisable at September 30, 2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">145,300</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.31</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8.08</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">260</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 2525000 4107000 2500000 16316000 15465000 6563000 6980000 672000 431000 1746000 1703000 188000 33081000 28628000 11187000 11357000 2357000 3973000 1669000 1669000 74000 170000 62439000 64398000 5175000 6301000 4097000 3686000 4211000 3057000 108000 15000 57000 13648000 13623000 -5709000 -4202000 1097000 1767000 0.01 0.01 1000000 1000000 0.01 0.01 25000000 25000000 17047000 17216000 14268000 14422000 2779000 2794000 38302000 39668000 12808000 13071000 18583000 16672000 6751000 5597000 30929000 31210000 10112000 11172000 10923000 9368000 4128000 3119000 41852000 40578000 14240000 14291000 4207000 3302000 1298000 1128000 11706000 9127000 3473000 2992000 15913000 12429000 4771000 4120000 18000 99000 59000 84000 81000 51000 41000 2709000 2085000 440000 748000 -2573000 492000 -1037000 -462000 1341000 1290000 247000 395000 4975000 5295000 84000 -400000 -385000 439000 -763000 348000 230000 206000 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The fair value of each stock option granted was estimated on the date of grant using a Black-Scholes valuation model with the following weighted average assumptions:</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expected dividend yield at date of grant</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.00</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.00</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Risk-free interest rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.99</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.35</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expected stock price volatility</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">34.85</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">32.26</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expected life of options (in years)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.0</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5.7</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table summarizes restricted share activity for the nine months ended September 30, 2017:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Restricted Stock Shares</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Grant Price Fair Value</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-vested at December 31, 2016</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">58,295</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.77</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">85,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.50</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shares vested</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(43,295</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.92</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shares forfeited</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.21</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-vested at September 30, 2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.17</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b></b></p> Q3 500000 64000 1884000 1226000 1214000 1841000 2522000 570000 398000 17285000 19641000 169000 169000 39758000 40364000 -97000 -97000 136000 351000 29187000 26564000 63638000 63343000 18484000 18586000 45154000 44757000 62439000 64398000 502000 502000 215000 62000 34000 41000 60000 2000000 46000 17000 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Company&#8217;s long-term debt consists of the following (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>September&#160;30,&#160;2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December&#160;31,&#160;2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 60%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$2 million term loan</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 17%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,983</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 17%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: current portion</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(64</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: unamortized debt issuance costs</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(35</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Long-term debt</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,884</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Scheduled repayments are as follows for the Company&#8217;s long-term debt outstanding as of September 30, 2017 (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 82%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Remainder of 2017</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">16</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">65</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">68</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">70</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">74</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,690</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,983</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In thousands)</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,&#160;2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31,&#160;2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Identifiable assets, excluding assets held for sale</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">26,117</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">29,881</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital Media</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">20,637</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,272</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Corporate Assets</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,644</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">13,098</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">64,398</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">62,251</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b></b></p> -49000 -742000 -8000 1507000 1328000 689000 -297000 1722000 1390000 723000 -256000 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following table summarizes restricted stock unit activity for the nine months ended September 30, 2017:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Restricted Stock Units</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Grant Price Fair Value</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-vested at December 31, 2016</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">13,750</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.24</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">30,835</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.81</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shares vested</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,875</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.24</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shares forfeited</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,875</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.21</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-vested at September 30, 2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35,835</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.45</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> -5184000 -5003000 500000 400000 100000 24000 6440000 583000 48000 6227000 436000 53000 863000 157000 -77000 -650000 -10000 -49000 -628000 -8000 -114000 -49000 -742000 -8000 500000 1983000 1960000 4049000 7596000 4049000 7596000 1669000 1669000 1669000 1669000 4049000 1669000 9265000 5718000 7596000 1669000 Discounted cash flow 0.50 0.18 470000 363700 154161 85618 470000 350000 115754 65937 14279000 14225000 14310000 14249000 86000 14279000 14311000 14310000 14249000 0.20 200000 0 4100000 8000000 3900000 0.083 0.323 0.121 0.083 0.174 0.323 1200000 -172000 4253000 400000 400000 P10Y P10Y P5Y P5Y 489000 2726000 4743000 454000 1633000 2621000 508000 1764000 -340000 -369000 -770000 -276000 -430000 -93000 149000 2357000 3973000 178000 1633000 2191000 508000 1671000 2340000 68000 310000 645000 617000 584000 457000 380000 337000 778000 162000 430000 410000 475000 38000 194000 12000 4000 3000 1000 2000000 P5Y P20Y P5Y 0.045 P20Y P20Y 1700000 2022-05-10 2018-05-10 1000000 2800000 3500000 6000000 4800000 500000 400000 3000 2000000 The credit agreement requires Strong/MDI to maintain a ratio of liabilities to “effective equity” (tangible stockholders’ equity, less amounts receivable from affiliates and equity method investments) not exceeding 2 to 1, a current ratio (excluding amounts due from related parties) of at least 1.5 to 1 35000 16000 65000 68000 70000 74000 1690000 The Company is subject to examination for Federal purposes for fiscal years 2014, 2015 and 2016. In most cases, the Company is subject to examinations by state or local jurisdictions based on the particular jurisdiction’s statute of limitations. 1371189 435000 435000 100000 2.42 1.42 785000 1500000 P4Y1M6D P1Y10M25D 600000 0.0000 0.0000 0.0199 0.0135 0.3485 0.3226 P6Y P5Y8M12D 545300 930300 -15000 33000 -2000 145300 4.78 5.63 6.53 4.70 6.09 4.33 4.31 P9Y8M5D P8Y11M26D P8Y29D 1757000 759000 260000 58295 100000 13750 35835 85000 30835 43295 6875 1875 4.77 6.17 4.24 6.45 6.50 6.81 4.92 4.24 4.21 4.21 10 0.501 0.412 0.537 Expiring through 2022 66000 251000 116000 433000 -19000 414000 -240000 174000 301000 1759000 1735000 1507000 1378000 1066000 7746000 2 -261000 -1156000 -222000 -313000 56885000 56340000 19559000 18668000 -7090000 -5869000 -2297000 -1887000 -66000 18000 -51000 18000 -1380000 2507000 156000 257000 40255000 21583000 21996000 42815000 26117000 29881000 20637000 19272000 17644000 13098000 62251000 64398000 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>1. Nature of Operations</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Ballantyne Strong, Inc. (&#8220;Ballantyne&#8221; or the &#8220;Company&#8221;), a Delaware corporation, is a holding company with diverse business activities focused on serving the cinema, retail, financial and government markets. The Company, and its wholly owned subsidiaries Strong Technical Services, Inc., Strong/MDI Screen Systems, Inc. (&#8220;Strong/MDI&#8221;), Convergent Corporation, and Convergent Media Systems Corporation (&#8220;Convergent&#8221; or &#8220;CMS&#8221;), design, integrate and install technology solutions for a broad range of applications; develop and deliver out-of-home messaging, advertising and communications; manufacture projection screens; and provide managed services including monitoring of networked equipment to our customers. On November 4, 2016, Strong Westrex (Beijing) Technology Inc. (&#8220;SWBTI&#8221;), a subsidiary of Strong Westrex, Inc. (&#8220;SWI&#8221;), was sold, and on May 17, 2017, SWI was sold (see Note 2).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&#8217;s products are distributed to the retail, financial, government and cinema markets throughout the world.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>2. Discontinued Operations</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On June 23, 2016, the Company&#8217;s Board of Directors approved a plan to pursue a sale of the operations conducted by its subsidiaries SWBTI and SWI (the &#8220;China Operations&#8221;) which have historically been included in the Cinema segment. The purpose of the plan was to focus the efforts of the Company on the business units that have opportunities for higher return on invested capital. We reflected the results of the China Operations as discontinued operations for all periods presented. The assets and liabilities of the China Operations have been reclassified as assets and liabilities held for sale in the condensed consolidated balance sheets for all periods presented.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On November 4, 2016, the Company sold SWBTI to GABO Filter, Inc. for total proceeds of $0.4 million. On May 17, 2017, SWI was sold for total proceeds of $0.1 million. The Company recorded an insignificant gain on the sale of SWI.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The summary comparative financial results of discontinued operations were as follows (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total net revenues</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">583</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">24</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,440</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total cost of revenues</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">436</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">48</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,227</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total selling and administrative expenses</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">157</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">53</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">863</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loss from operations of discontinued operations</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(77</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(650</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loss before income taxes</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(8</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(49</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(628</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax expense</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(114</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss from discontinued operations, net of tax</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(8</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(49</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(742</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Depreciation and amortization related to discontinued operations was immaterial for the three and nine month periods ended September 30, 2017 and 2016. There were no capital expenditures related to discontinued operations for the nine months ended September 30, 2017 and 2016.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>3. Summary of Significant Accounting Policies</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Basis of Presentation and Principles of Consolidation</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The condensed consolidated financial statements include the accounts of the Company and all majority owned and controlled domestic and foreign subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The condensed consolidated financial statements included in this report are presented in accordance with the requirements of Form 10-Q and consequently do not include all of the disclosures normally required by accounting principles generally accepted in the United States of America for annual reporting purposes or those made in the Company&#8217;s Annual Report on Form 10-K/A. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company&#8217;s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The condensed consolidated balance sheet as of December 31, 2016 was derived from the Company&#8217;s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary to present a fair statement of the financial position and the results of operations and cash flows for the respective interim periods. The results for interim periods are not necessarily indicative of trends or results expected for a full year.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">During the second quarter of 2017, the Company began classifying software in development as an intangible asset rather than property, plant and equipment, to be consistent with its classification of software assets in service. Accordingly, approximately $0.5 million of software in development at December 31, 2016 was reclassified to intangible assets from property, plant and equipment on the condensed consolidated balance sheet to conform to the current period presentation. This reclassification had no effect on the Company&#8217;s reported results of operations, comprehensive income, or cash flows.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; color: red">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Use of Management Estimates</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (&#8220;U.S. GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Marketable Securities</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">For the nine months ended September 30, 2016, the Company&#8217;s marketable securities were comprised of investments in the common stock of a publicly traded company. Changes in fair value, based on the market price of the investee&#8217;s stock, were recognized in other income in the condensed consolidated statement of operations. The Company used the fair value option to account for the investment to more appropriately recognize the value of this investment in our condensed consolidated financial statements since the Company did not exert significant influence over the investment, in which case the equity method of accounting would have been applied. None of the Company&#8217;s investments were classified as marketable securities or accounted for using the fair value option during the nine months ended September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Equity Method Investments</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We apply the equity method of accounting to investments when we have significant influence, but not controlling interest in the investee. Judgment regarding the level of influence over each equity method investment includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company&#8217;s proportionate share of the net (loss) income resulting from these investments is reported under the line item captioned &#8220;equity method investment (loss) income&#8221; in our condensed consolidated statements of operations. The carrying value of our equity method investments is reported in equity method investments in the condensed consolidated balance sheets. The Company&#8217;s equity method investments are reported initially at cost and adjusted each period for the Company&#8217;s share of the investee&#8217;s income or loss and dividend paid, if any. The Company&#8217;s share of the investee&#8217;s income or loss is recorded on a one quarter lag for all equity method investments. The Company classifies distributions received from equity method investments using the cumulative earnings approach on the condensed consolidated statements of cash flows. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. The Company did not record any impairments related to its investments during the three and nine month periods ended September 30, 2017 or 2016. Note 5 contains additional information on our equity method investments, which are held by the Company&#8217;s Cinema segment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>Fair Value of Financial Instruments</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Assets and liabilities measured at fair value are categorized into a fair value hierarchy based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 72px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1 - inputs to the valuation techniques are quoted prices in active markets for identical assets or liabilities</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Level 2 - inputs to the valuation techniques are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3 - inputs to the valuation techniques are unobservable for the assets or liabilities</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following tables present the Company&#8217;s financial assets measured at fair value based upon the level within the fair value hierarchy in which the fair value measurements fall, as of September 30, 2017 and December 31, 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Fair values measured on a recurring basis at September 30, 2017 (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,049</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,049</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Notes receivable</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,049</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,718</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Fair values measured on a recurring basis at December 31, 2016 (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,596</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,596</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Notes receivable</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,596</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,265</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Quantitative information about the Company&#8217;s level 3 fair value measurements at September 30, 2017 is set forth below:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Fair value at 9/30/17</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(in thousands)</p></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Valuation technique</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Unobservable input</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Range</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 16%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Notes receivable</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 17%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 23%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Discounted&#160;cash&#160;flow</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 22%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Probability of default</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">50</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Discount rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The notes receivable are recorded at estimated fair value at September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The significant unobservable inputs used in the fair value measurement of the Company&#8217;s notes receivable are discount rate and probability of default. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. There were no changes in the fair value of the Company&#8217;s notes receivable recorded during the three and nine months ended September 30, 2017 or 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&#8217;s short-term and long-term debt is recorded at historical cost. As of September 30, 2017, the Company&#8217;s long-term debt, including current maturities, had a carrying value of $1.95 million. Based on discounted cash flows using current quoted interest rates (Level 2 of the fair value hierarchy), the estimated fair value at September 30, 2017 was $1.96 million.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The carrying values of other financial assets and liabilities, including accounts receivable, accounts payable, accrued expenses and short-term debt, reported in the condensed consolidated balance sheets equal or approximate their fair values due to the short-term nature of these instruments. Note 5 includes fair value information related to our equity method investments. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which includes non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). During the nine months ended September 30, 2017, the Company did not have any significant non-recurring measurements of non-financial assets or liabilities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Recently Issued Accounting Pronouncements</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606)&#8221;. ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The guidance is effective for the Company beginning January 1, 2018. An entity may adopt this ASU either retrospectively or through a cumulative effect adjustment (modified retrospective method) as of the start of the first period for which it applies the ASU. The Company has obtained an understanding of ASU 2014-09 and has been analyzing the impact of the new standard on its financial results. The Company has completed a high-level assessment of the performance obligations within its contracts for its major products and services and is assessing potential impacts to its internal processes, control environment and disclosures. The Company expects to adopt this ASU using the modified retrospective method as of January 1, 2018. While the Company has not yet quantified the impact that the adoption of ASU 2014-09 will have on the consolidated financial statements, the Company is continuing to evaluate the impact of the new standard on our financial results and other possible impacts. The Company will continue to provide enhanced disclosures as we complete our assessment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In July 2015, the FASB issued ASU 2015-11, &#8220;Simplifying the Measurement of Inventory&#8221;. ASU 2015-11 requires an entity utilizing the first in-first out inventory method to change their measurement principle for inventory changes from the lower of cost or market to lower of cost or net realizable value. The Company prospectively adopted the guidance effective January 1, 2017. The adoption of ASU 2015-11 did not have a material effect on the Company&#8217;s consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In January 2016, the FASB issued ASU 2016-01, &#8220;Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities&#8221;. ASU 2016-01 requires equity investments that do not result in consolidation and are not accounted under the equity method to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements; clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity&#8217;s other deferred tax assets; and modifies certain fair value disclosure requirements. ASU 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is not permitted. The adoption of ASU 2016-01 is not expected to have a material effect on the Company&#8217;s consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In February 2016, the FASB issued ASU 2016-02, &#8220;Leases (Topic 842)&#8221;. ASU 2016-02 requires lessees to recognize a lease liability and a right-to-use asset for all leases, including operating leases with a term greater than twelve months, on its balance sheet. This ASU is effective in fiscal years beginning after December 15, 2018, with early adoption permitted, and requires a modified retrospective transition method. The Company is evaluating the requirements of ASU 2016-02 and its potential impact on the Company&#8217;s financial statements. The Company has leases primarily for property and equipment and is in the process of identifying and evaluating these leases for purposes of ASU 2016-02. For each of these leases, the term will be evaluated, including extension and renewal options as well as the lease payments. While the Company has not yet quantified the impact that the adoption of ASU 2016-02 will have on its consolidated financial statements, the Company expects to record assets and liabilities on its balance sheet upon adoption of this standard, which may be material. The Company will continue to provide enhanced disclosures as it continues its assessment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in; background-color: white">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In March 2016, the FASB issued ASU 2016-09, &#8220;Compensation &#8211; Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting&#8221;. ASU 2016-09 simplifies accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, and certain classifications on the statement of cash flows. The Company adopted the guidance effective January 1, 2017 on a prospective basis. Additionally, as required by ASU 2016-09, when calculating diluted earnings per share, excess tax benefits were excluded from the calculation of assumed proceeds since such amounts are recognized in the income statement. The Company applied the cash flow presentation requirements prospectively, and the 2016 statement of cash flows was not adjusted. ASU 2016-09 also allows an entity to elect as an accounting policy either to estimate the total number of awards for which the requisite service period will not be rendered or to account for forfeitures for service-based awards as they occur. The Company has elected to account for forfeitures as they occur.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In June 2016, the FASB issued ASU 2016-13, &#8220;Financial Instruments &#8211; Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments&#8221;. This ASU will require the measurement of all expected credit losses for financial assets, including trade receivables, held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The guidance is effective for annual reporting periods beginning after December 15, 2019 and interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company&#8217;s results of operations and financial position.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In August 2016, the FASB issued ASU 2016-15, &#8220;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,&#8221; which eliminates the diversity in practice related to eight cash flow classification issues. The Company adopted this ASU in the first quarter of 2017 on a prospective basis. Adoption affected the classification of dividends received from equity method investees on the statement of cash flows, but did not have any other impact.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In January 2017, the FASB issued ASU 2017-04, &#8220;Intangibles&#8212;Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment&#8221;. The new guidance eliminates Step 2 of the goodwill impairment testing which requires the fair value of individual assets and liabilities of a reporting unit to be determined when measuring goodwill impairment. The new guidance may result in different amounts of impairment that could be recognized compared to existing guidance. In addition, failing step 1 of the impairment test, where the carrying value of a reporting unit is compared to its fair value, may not result in impairment under existing guidance. However, under the revised guidance, failing step 1 will always result in a goodwill impairment. ASU 2017-04 is to be applied prospectively for goodwill impairment testing performed in years beginning after December 15, 2019. The Company does not believe the adoption will significantly impact the Company&#8217;s results of operations or financial position.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In May 2017, the FASB issued ASU 2017-09, &#8220;Compensation &#8211; Stock Compensation (Topic 718): Scope of Modification Accounting.&#8221; The new guidance describes the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. The guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company&#8217;s results of operations and financial position.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>4. (Loss) Earnings Per Common Share</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Basic (loss) earnings per share has been computed on the basis of the weighted average number of shares of common stock outstanding. Diluted (loss) earnings per share has been computed on the basis of the weighted average number of shares of common stock outstanding after giving effect to potential common shares from dilutive stock options and certain non-vested shares of restricted stock. The following table provides the reconciliation between average shares used to compute basic and diluted (loss) earnings per share:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average shares outstanding (in thousands):</font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Basic weighted average shares outstanding</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,310</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,249</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,279</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,225</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dilutive effect of stock options and certain non-vested shares of restricted stock</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">86</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Diluted weighted average shares outstanding</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,310</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,249</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,279</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,311</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">For each of the three and nine month periods ended September 30, 2017, options to purchase 470,000 shares of common stock were outstanding but were not included in the computation of diluted loss per share as the option&#8217;s exercise price was greater than the average market price of the common shares for each period. An additional 115,754 and 154,161 common stock equivalents related to options and restricted stock awards were excluded for the three and nine months ended September 30, 2017, respectively, as their inclusion would be anti-dilutive, thereby decreasing the net losses per share. For the three and nine month periods ended September 30, 2016, options to purchase 350,000 and 363,700 shares of common stock, respectively, were outstanding but were not included in the computation of diluted earnings per share as the option&#8217;s exercise price was greater than the average market price of the common shares for the respective periods. An additional 65,937 and 85,618 common stock equivalents related to options and restricted stock awards were excluded from the calculation of diluted net loss per share for the three and nine months ended September 30, 2016, respectively, as their inclusion would be anti-dilutive, thereby decreasing the net losses per share.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>5. Equity Method Investments</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following summarizes our equity method investments:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>September 30, 2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2016</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>(dollars in thousands)</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Entity</b></font></td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Carrying Amount</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Economic Interest</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Carrying Amount</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Economic Interest</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">RELM Wireless Corporation</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4,448</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.3</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4,382</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.3</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Itasca Capital, Ltd.</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5,097</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">32.3</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,368</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">32.3</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1347 Property Insurance Holdings, Inc.</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8,099</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">17.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5,348</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">12.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">17,644</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13,098</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The following summarizes the (loss) income of equity method investees reflected in the Statement of Operations (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended September 30,</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Entity</b></font></td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">RELM Wireless Corporation</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">109</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">114</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">12</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">155</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Itasca Capital, Ltd.</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(1,023</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(85</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,289</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(85</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1347 Property Insurance Holdings, Inc.</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">161</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">215</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(753</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">29</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,516</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">70</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">RELM Wireless Corporation (&#8220;RELM&#8221;) is a publicly traded company that designs, manufactures and markets two-way land mobile radios, repeaters, base stations and related components and subsystems. The Company&#8217;s Chief Executive Officer is chairman of the board of directors of RELM, and controls entities that, when combined with the Company&#8217;s ownership in RELM, own greater than 20% of RELM, providing the Company with significant influence over RELM, but not controlling interest. The Company received dividends of $0.2 million and $0 for the nine month periods ended September 30, 2017 and 2016, respectively. Based on quoted market prices, the market value of the Company&#8217;s ownership in RELM was $4.1 million at September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Itasca Capital, Ltd. (&#8220;Itasca&#8221;) is a publicly traded Canadian company that is an investment vehicle seeking transformative strategic investments. The Company&#8217;s Chief Executive Officer is a member of the board of directors of Itasca. This board seat, combined with the Company&#8217;s 32.3% ownership of Itasca, provide the Company with significant influence over Itasca, but not controlling interest. The Company did not receive dividends from Itasca during the nine month periods ended September 30, 2017 or 2016. Based on quoted market prices, the market value of the Company&#8217;s ownership in Itasca was $3.9 million at September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of December 31, 2016, the Company owned 12.1% of 1347 Property Insurance Holdings, Inc. (&#8220;PIH&#8221;) and purchased shares increasing its ownership to 17.4% during the nine months ended September 30, 2017 for an additional $2.5 million. PIH is a publicly traded company that provides property and casualty insurance in the States of Louisiana, Texas and Florida. The Company&#8217;s Chief Executive Officer was named to the board of directors of PIH in December 2016. This board seat and the Chief Executive Officer&#8217;s control of other entities that own shares of PIH, combined with the Company&#8217;s 17.4% ownership of PIH, provide the Company with significant influence over PIH, but not controlling interest. The Company did not receive dividends from PIH during the nine month periods ended September 30, 2017 or 2016. Based on quoted market prices, the market value of the Company&#8217;s ownership in PIH was $8.0 million at September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of September 30, 2017, our retained earnings included undistributed earnings from our equity method investees of $1.2 million.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The summarized financial information presented below reflects the financial information of the Company&#8217;s significant equity method investee, Itasca, for the nine months ended June 30, 2017, consistent with the Company&#8217;s recognition of the results of its equity method investments on a one-quarter lag. The summarized financial information is presented only for the periods when the Company owned its investment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">For the nine months ended June 30,</font></td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(in thousands)</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Revenue</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Gross profit</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 73%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Operating loss from continuing operations</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 24%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(172</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Net income</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4,253</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><sup>(1)</sup></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">(1) Net income primarily related to unrealized gains on investments.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>6. Intangible Assets</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Intangible assets consisted of the following at September 30, 2017:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Useful life</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Gross</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accumulated Amortization</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Years)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(In thousands)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Intangible assets not yet subject to amortization:</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software in development</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; text-align: center; line-height: 115%">&#160;</td> <td style="width: 10%; text-align: center; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,633</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,633</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Intangible assets subject to amortization:</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software in service</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,621</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(430</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,191</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Product formulation</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">489</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(340</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,743</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(770</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,973</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Intangible assets consisted of the following at December 31, 2016:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Useful life</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Gross</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accumulated Amortization</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Years)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(In thousands)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Intangible assets not yet subject to amortization:</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software in development</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; text-align: center; line-height: 115%">&#160;</td> <td style="width: 10%; text-align: center; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">508</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">508</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Intangible assets subject to amortization:</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software in service</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,764</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(93</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,671</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Product formulation</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">454</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(276</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">178</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,726</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(369</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,357</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Amortization expense relating to intangible assets was $0.4 million and insignificant, respectively, for the nine months ended September 30, 2017 and 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table shows the Company&#8217;s estimated future amortization expense related to intangible assets currently subject to amortization for the next five years.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(in thousands)</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Remainder 2017</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 25%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">150</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">589</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">577</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">568</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">431</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,340</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b></b></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>7. Goodwill</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following represents a summary of changes in the Company&#8217;s carrying amount of goodwill for the nine months ended September 30, 2017 (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2016</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">889</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Foreign currency translation</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">68</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of September 30, 2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">957</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b></b></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>8. Warranty Reserves</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In most instances, the Company&#8217;s digital projection products are covered by the manufacturing firm&#8217;s original warranty; however, for certain customers the Company may grant warranties in excess of the manufacturer&#8217;s warranty for digital products. In addition, the Company provides warranty coverage on screens it manufactures. The Company accrues for these costs at the time of sale. The following table summarizes warranty activity for the three and nine months ended September 30, 2017 and 2016:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended September 30,</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended September 30,</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="14" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(in thousands)</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Warranty accrual at beginning of period</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">457</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">380</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">645</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">310</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Charged to expense</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">162</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">430</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">337</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">778</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Claims paid, net of recoveries</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(38</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(194</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(410</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(475</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Foreign currency adjustment</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Warranty accrual at end of period</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">584</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">617</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">584</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">617</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>9. Debt</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Company&#8217;s long-term debt consists of the following (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>September&#160;30,&#160;2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December&#160;31,&#160;2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 60%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$2 million term loan</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 17%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,983</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 17%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: current portion</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(64</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: unamortized debt issuance costs</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(35</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Long-term debt</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,884</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On April 27, 2017, the Company entered into a debt agreement with a bank consisting of 1) a $2 million five-year term loan secured by a first lien deed of trust on the Company&#8217;s Alpharetta, GA facility, bearing interest at a fixed rate of 4.5% and payable in equal monthly installments of principal and interest calculated based on a 20-year amortization schedule with a final balloon payment of approximately $1.7 million due on May 10, 2022 and 2) a line of credit of up to $1 million secured by a second lien deed of trust on the Company&#8217;s Alpharetta, GA facility, bearing interest at the Prime Rate published in the Wall Street Journal plus 0.25% and with a term ending May 10, 2018. The debt agreement requires the Company to maintain a ratio of total liabilities to tangible net worth not in excess of 3:1 and maintain minimum liquidity of $2 million. The Company was in compliance with its debt covenants as of September 30, 2017. The Company had outstanding borrowings on the line of credit as of September 30, 2017 of $0.5 million, which is classified as short-term debt on the condensed consolidated balance sheet. The Company&#8217;s Chairman and Chief Executive Officer is also a member of the bank&#8217;s board of directors.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On September 5, 2017, the Company&#8217;s Canadian subsidiary, Strong/MDI, entered into a demand credit agreement with a bank consisting of a revolving line of credit for up to CDN$3.5 million (approximately USD$2.8 million) subject to a borrowing base requirement, a 20-year installment loan for up to CDN$6.0 million (approximately USD$4.8 million) and a 5-year installment loan for up to CDN$500,000 (approximately USD$400,000). Amounts outstanding under the line of credit are payable on demand and will bear interest at the prime rate established by the lender. Amounts outstanding under the installment loans will bear interest at the prime rate plus 0.5% and are payable in monthly installments, including interest, over their respective borrowing periods. The lender may also demand repayment of the installment loans at any time. The Strong/MDI credit facilities are secured by a lien on Strong/MDI&#8217;s Quebec, Canada facility and substantially all of Strong/MDI&#8217;s assets. The credit agreement requires Strong/MDI to maintain a ratio of liabilities to &#8220;effective equity&#8221; (tangible stockholders&#8217; equity, less amounts receivable from affiliates and equity method investments) not exceeding 2 to 1, a current ratio (excluding amounts due from related parties) of at least 1.5 to 1 and minimum &#8220;effective equity&#8221; of CDN$8.0 million (approximately USD$6.4 million). There were no borrowings outstanding at September 30, 2017 on any of the Strong/MDI credit facilities, as Strong/MDI had not yet drawn on the facilities. Strong/MDI was in compliance with its debt covenants as of September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Scheduled repayments are as follows for the Company&#8217;s long-term debt outstanding as of September 30, 2017 (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 82%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Remainder of 2017</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">16</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">65</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">68</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">70</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">74</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,690</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,983</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>10. Income Taxes</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. The Company considers the scheduled reversal of taxable temporary differences, projected future taxable income and tax planning strategies in making this assessment. A cumulative loss in a particular tax jurisdiction in recent years is a significant piece of evidence with respect to the realizability that is difficult to overcome. Based on the available objective evidence, including recent updates to the taxing jurisdictions generating income, the Company concluded that a valuation allowance should be recorded against all of the Company&#8217;s U.S. tax jurisdiction deferred tax assets as of September 30, 2017 and December 31, 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company is subject to examination for Federal purposes for fiscal years 2014, 2015 and 2016. In most cases, the Company is subject to examinations by state or local jurisdictions based on the particular jurisdiction&#8217;s statute of limitations.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>11. Stock Compensation</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company recognizes compensation expense for all stock-based payment awards made to employees and directors based on their estimated grant date fair values. Stock-based compensation expense included in selling and administrative expenses approximated $0.2 million and $0.1 million for the three months ended September 30, 2017 and 2016, respectively, and $0.5 million and $0.4 million, respectively, for the nine months ended September 30, 2017 and 2016, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>Equity Compensation Plans</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&#8217;s 2010 Long-Term Incentive Plan (&#8220;2010 Plan&#8221;) provided the Compensation Committee of the Board of Directors with the discretion to grant stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares and performance units. Vesting terms varied with each grant and could be subject to vesting upon a &#8220;change in control&#8221; of the Company.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Ballantyne Strong, Inc. 2014 Non-Employee Directors&#8217; Restricted Stock Plan (the &#8220;2014 Non-Employee Plan&#8221;) provided for the award of restricted shares to outside directors. Shares issued under the 2014 Non-Employee Plan vested the day preceding the Company&#8217;s Annual Meeting of Stockholders in the year following issuance. The 2010 Plan and the 2014 Non-Employee Plan were replaced during the second quarter of 2017 by the 2017 Omnibus Equity Compensation Plan (&#8220;2017 Plan&#8221;), and therefore, no additional awards will be granted under the 2010 Plan or the 2014 Non-Employee Plan.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The 2017 Plan was approved by the Company&#8217;s shareholders at the annual meeting on June 15, 2017, and provides the Compensation Committee of the Board of Directors with the discretion to grant stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares, performance units and other share-based awards and cash-based awards. Vesting terms vary with each grant and may be subject to vesting upon a &#8220;change in control&#8221; of the Company. The total number of shares reserved for issuance under the 2017 Plan is 1,371,189 shares.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>Options</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company granted a total of 435,000 and 100,000 options during the nine month periods ended September 30, 2017 and 2016, respectively. Options to purchase shares of common stock were granted with exercise prices equal to the fair value of the common stock on the date of grant.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The weighted average grant date fair value of stock options granted during the nine month periods ended September 30, 2017 and 2016 was $2.42 and $1.42, respectively. The fair value of each stock option granted was estimated on the date of grant using a Black-Scholes valuation model with the following weighted average assumptions:</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expected dividend yield at date of grant</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.00</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.00</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Risk-free interest rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.99</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.35</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expected stock price volatility</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">34.85</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">32.26</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expected life of options (in years)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.0</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5.7</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The risk-free interest rate assumptions were based on the U.S. Treasury yield curve in effect at the time of the grant. During 2017, the expected volatility was based on historical daily price changes of the Company&#8217;s stock for six years prior to the date of grant. During 2016, the Company used a one year period to calculate volatility, but updated this assumption in the current year to align the expected volatility with the expected life of the options. The expected life of options is the average number of years the Company estimates that options will be outstanding.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following table summarizes stock option activity for the nine months ended September 30, 2017:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Options</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Exercise Price Per Share</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Remaining Contractual Term</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Aggregate Intrinsic Value (in thousands)</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding at December 31, 2016</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">545,300</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.78</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9.68</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,757</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">435,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.53</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(15,000</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.70</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(33,000</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.09</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expired</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,000</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.33</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding at September 30, 2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">930,300</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5.63</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8.99</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">759</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Exercisable at September 30, 2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">145,300</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.31</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8.08</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">260</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The aggregate intrinsic value in the table above represents the total that would have been received by the option holders if all in-the-money options had been exercised and sold on September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of September 30, 2017, 785,000 stock option awards were non-vested. Unrecognized compensation cost related to stock option awards was approximately $1.5 million, which is expected to be recognized over a weighted average period of 4.1 years.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>Restricted Stock</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company estimates the fair value of restricted stock awards based upon the market price of the underlying common stock on the date of grant. As of September 30, 2017, the total unrecognized compensation cost related to non-vested restricted stock awards was approximately $0.6 million, which is expected to be recognized over a weighted average period of 1.9 years.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table summarizes restricted share activity for the nine months ended September 30, 2017:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Restricted Stock Shares</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Grant Price Fair Value</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-vested at December 31, 2016</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">58,295</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.77</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">85,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.50</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shares vested</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(43,295</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.92</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shares forfeited</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.21</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-vested at September 30, 2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.17</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following table summarizes restricted stock unit activity for the nine months ended September 30, 2017:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Restricted Stock Units</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Grant Price Fair Value</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-vested at December 31, 2016</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">13,750</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.24</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">30,835</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.81</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shares vested</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,875</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.24</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shares forfeited</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,875</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.21</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-vested at September 30, 2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35,835</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.45</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>12. Commitments, Contingencies and Concentrations</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>Litigation</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In the ordinary course of business operations, we are involved, from time to time, in certain legal disputes. No such disputes, individually or in the aggregate, are expected to have a material effect on our business or financial condition.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>Concentrations</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&#8217;s top ten customers accounted for approximately 53.7% and 50.1% of total consolidated net revenues for the three and nine months ended September 30, 2017, respectively. Trade accounts receivable from these customers represented approximately 41.2% of net consolidated receivables at September 30, 2017. While the Company believes its relationships with such customers are stable, most arrangements are made by purchase order and are terminable at will by either party. A significant decrease or interruption in business from the Company&#8217;s significant customers could have a material adverse effect on the Company&#8217;s business, financial condition and results of operations. The Company could also be adversely affected by such factors as changes in foreign currency rates and weak economic and political conditions in each of the countries in which the Company sells its products.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Financial instruments that potentially expose the Company to a concentration of credit risk principally consist of accounts receivable. The Company sells product to a large number of customers in many different geographic regions. To minimize credit concentration risk, the Company performs ongoing credit evaluations of its customers&#8217; financial condition.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>Leases </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company and its subsidiaries lease plant and office facilities, furniture, autos and equipment under operating leases expiring through 2022. These leases generally contain renewal options and the Company expects to renew or replace certain of these leases in the ordinary course of business.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Company&#8217;s future minimum lease payments for leases at September 30, 2017 are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Capital Leases</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Operating&#160;Leases</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(in thousands)</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Remainder 2017</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">66</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">301</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">251</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,759</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">116</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,735</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,507</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,378</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,066</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total minimum lease payments</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">433</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,746</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Amount representing interest</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(19</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Present value of minimum lease payments</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">414</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Current maturities</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(240</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Capital lease obligations, net of current portion</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">174</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>13. Business Segment Information</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of September 30, 2017, the Company&#8217;s operations were conducted principally through two business segments: Cinema and Digital Media. Cinema operations include the sale of digital projection equipment, screens and sound systems. Digital Media operations include the delivery of end to end digital signage solutions, video communication solutions, content creation and management and service of digital signage and digital cinema equipment. The Company allocates resources to business segments and evaluates the performance of these segments based upon reported segment operating profit. The Company records intersegment sales at cost and has eliminated all significant intersegment sales in consolidation. The results of discontinued operations are excluded from the Cinema segment information below.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Summary by Business Segments</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended September 30,</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In thousands)</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="14" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(in thousands)</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net revenue</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 48%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,681</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,070</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">27,606</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">32,085</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital Media</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,087</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,911</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">29,518</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25,411</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">13</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total segment net revenue</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,781</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,981</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">57,146</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">57,496</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Eliminations</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(222</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(313</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(261</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,156</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total net revenue</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,559</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,668</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">56,885</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">56,340</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Operating income (loss)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,438</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,205</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,704</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,318</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital Media</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">505</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(61</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(205</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">884</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(98</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(289</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total segment operating income</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,845</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,144</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,210</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,202</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Unallocated general and administrative expenses</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,297</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,887</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7,090</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,869</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other (expense) income</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Interest, net</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(51</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(66</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema - foreign currency transaction (loss) gain</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(216</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">82</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(438</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(958</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital Media - foreign currency transaction (loss) gain</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(90</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(59</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">28</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(24</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema - excess distribution from joint venture</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">502</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema - other</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(35</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(24</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">45</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital Media - other</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(9</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Change in value of marketable securities - Corporate asset</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(34</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(400</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total other expense</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(392</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(500</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(826</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Earnings (loss) before income taxes and equity method investment (loss) income</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">156</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">257</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,380</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,507</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In thousands)</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,&#160;2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31,&#160;2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Identifiable assets, excluding assets held for sale</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cinema</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">26,117</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">29,881</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital Media</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">20,637</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,272</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Corporate Assets</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,644</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">13,098</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">64,398</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">62,251</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Summary by Geographical Area</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended September 30,</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended September 30,</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In thousands)</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net revenue</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 48%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">United States</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,349</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,643</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">44,648</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">44,184</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">China</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,646</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,518</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,543</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,316</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Latin America</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">461</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">377</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,263</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,352</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Canada</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,365</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,399</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,372</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,676</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Mexico</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">425</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">472</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,164</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,816</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Europe</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">250</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">196</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">427</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">788</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Asia (excluding China)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">45</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">216</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">70</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">63</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">252</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">138</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,559</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,668</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">56,885</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">56,340</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In thousands)</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>September 30, 2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Identifiable assets, excluding assets held for sale</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">United States</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">42,815</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">40,255</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Canada</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21,583</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21,996</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">64,398</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">62,251</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Net revenues by business segment are to unaffiliated customers. Identifiable assets by geographical area are based on location of facilities. Net sales by geographical area are based on destination of sales.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Basis of Presentation and Principles of Consolidation</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The condensed consolidated financial statements include the accounts of the Company and all majority owned and controlled domestic and foreign subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The condensed consolidated financial statements included in this report are presented in accordance with the requirements of Form 10-Q and consequently do not include all of the disclosures normally required by accounting principles generally accepted in the United States of America for annual reporting purposes or those made in the Company&#8217;s Annual Report on Form 10-K/A. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company&#8217;s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The condensed consolidated balance sheet as of December 31, 2016 was derived from the Company&#8217;s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary to present a fair statement of the financial position and the results of operations and cash flows for the respective interim periods. The results for interim periods are not necessarily indicative of trends or results expected for a full year.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">During the second quarter of 2017, the Company began classifying software in development as an intangible asset rather than property, plant and equipment, to be consistent with its classification of software assets in service. Accordingly, approximately $0.5 million of software in development at December 31, 2016 was reclassified to intangible assets from property, plant and equipment on the condensed consolidated balance sheet to conform to the current period presentation. This reclassification had no effect on the Company&#8217;s reported results of operations, comprehensive income, or cash flows.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Use of Management Estimates</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (&#8220;U.S. GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Marketable Securities</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">For the nine months ended September 30, 2016, the Company&#8217;s marketable securities were comprised of investments in the common stock of a publicly traded company. Changes in fair value, based on the market price of the investee&#8217;s stock, were recognized in other income in the condensed consolidated statement of operations. The Company used the fair value option to account for the investment to more appropriately recognize the value of this investment in our condensed consolidated financial statements since the Company did not exert significant influence over the investment, in which case the equity method of accounting would have been applied. None of the Company&#8217;s investments were classified as marketable securities or accounted for using the fair value option during the nine months ended September 30, 2017.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Equity Method Investments</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We apply the equity method of accounting to investments when we have significant influence, but not controlling interest in the investee. Judgment regarding the level of influence over each equity method investment includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company&#8217;s proportionate share of the net (loss) income resulting from these investments is reported under the line item captioned &#8220;equity method investment (loss) income&#8221; in our condensed consolidated statements of operations. The carrying value of our equity method investments is reported in equity method investments in the condensed consolidated balance sheets. The Company&#8217;s equity method investments are reported initially at cost and adjusted each period for the Company&#8217;s share of the investee&#8217;s income or loss and dividend paid, if any. The Company&#8217;s share of the investee&#8217;s income or loss is recorded on a one quarter lag for all equity method investments. The Company classifies distributions received from equity method investments using the cumulative earnings approach on the condensed consolidated statements of cash flows. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. The Company did not record any impairments related to its investments during the three and nine month periods ended September 30, 2017 or 2016. Note 5 contains additional information on our equity method investments, which are held by the Company&#8217;s Cinema segment.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>Fair Value of Financial Instruments</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Assets and liabilities measured at fair value are categorized into a fair value hierarchy based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 72px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1 - inputs to the valuation techniques are quoted prices in active markets for identical assets or liabilities</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Level 2 - inputs to the valuation techniques are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3 - inputs to the valuation techniques are unobservable for the assets or liabilities</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following tables present the Company&#8217;s financial assets measured at fair value based upon the level within the fair value hierarchy in which the fair value measurements fall, as of September 30, 2017 and December 31, 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Fair values measured on a recurring basis at September 30, 2017 (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,049</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,049</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Notes receivable</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,049</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,718</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Fair values measured on a recurring basis at December 31, 2016 (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,596</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,596</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Notes receivable</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,596</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,265</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Quantitative information about the Company&#8217;s level 3 fair value measurements at September 30, 2017 is set forth below:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Fair value at 9/30/17</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(in thousands)</p></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Valuation technique</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Unobservable input</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Range</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 16%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Notes receivable</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 17%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 23%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Discounted&#160;cash&#160;flow</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 22%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Probability of default</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">50</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Discount rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The notes receivable are recorded at estimated fair value at September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The significant unobservable inputs used in the fair value measurement of the Company&#8217;s notes receivable are discount rate and probability of default. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. There were no changes in the fair value of the Company&#8217;s notes receivable recorded during the three and nine months ended September 30, 2017 or 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&#8217;s short-term and long-term debt is recorded at historical cost. As of September 30, 2017, the Company&#8217;s long-term debt, including current maturities, had a carrying value of $1.95 million. Based on discounted cash flows using current quoted interest rates (Level 2 of the fair value hierarchy), the estimated fair value at September 30, 2017 was $1.96 million.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The carrying values of other financial assets and liabilities, including accounts receivable, accounts payable, accrued expenses and short-term debt, reported in the condensed consolidated balance sheets equal or approximate their fair values due to the short-term nature of these instruments. Note 5 includes fair value information related to our equity method investments. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which includes non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). During the nine months ended September 30, 2017, the Company did not have any significant non-recurring measurements of non-financial assets or liabilities.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Recently Issued Accounting Pronouncements</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606)&#8221;. ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The guidance is effective for the Company beginning January 1, 2018. An entity may adopt this ASU either retrospectively or through a cumulative effect adjustment (modified retrospective method) as of the start of the first period for which it applies the ASU. The Company has obtained an understanding of ASU 2014-09 and has been analyzing the impact of the new standard on its financial results. The Company has completed a high-level assessment of the performance obligations within its contracts for its major products and services and is assessing potential impacts to its internal processes, control environment and disclosures. The Company expects to adopt this ASU using the modified retrospective method as of January 1, 2018. While the Company has not yet quantified the impact that the adoption of ASU 2014-09 will have on the consolidated financial statements, the Company is continuing to evaluate the impact of the new standard on our financial results and other possible impacts. The Company will continue to provide enhanced disclosures as we complete our assessment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In July 2015, the FASB issued ASU 2015-11, &#8220;Simplifying the Measurement of Inventory&#8221;. ASU 2015-11 requires an entity utilizing the first in-first out inventory method to change their measurement principle for inventory changes from the lower of cost or market to lower of cost or net realizable value. The Company prospectively adopted the guidance effective January 1, 2017. The adoption of ASU 2015-11 did not have a material effect on the Company&#8217;s consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In January 2016, the FASB issued ASU 2016-01, &#8220;Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities&#8221;. ASU 2016-01 requires equity investments that do not result in consolidation and are not accounted under the equity method to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements; clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity&#8217;s other deferred tax assets; and modifies certain fair value disclosure requirements. ASU 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is not permitted. The adoption of ASU 2016-01 is not expected to have a material effect on the Company&#8217;s consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In February 2016, the FASB issued ASU 2016-02, &#8220;Leases (Topic 842)&#8221;. ASU 2016-02 requires lessees to recognize a lease liability and a right-to-use asset for all leases, including operating leases with a term greater than twelve months, on its balance sheet. This ASU is effective in fiscal years beginning after December 15, 2018, with early adoption permitted, and requires a modified retrospective transition method. The Company is evaluating the requirements of ASU 2016-02 and its potential impact on the Company&#8217;s financial statements. The Company has leases primarily for property and equipment and is in the process of identifying and evaluating these leases for purposes of ASU 2016-02. For each of these leases, the term will be evaluated, including extension and renewal options as well as the lease payments. While the Company has not yet quantified the impact that the adoption of ASU 2016-02 will have on its consolidated financial statements, the Company expects to record assets and liabilities on its balance sheet upon adoption of this standard, which may be material. The Company will continue to provide enhanced disclosures as it continues its assessment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in; background-color: white">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In March 2016, the FASB issued ASU 2016-09, &#8220;Compensation &#8211; Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting&#8221;. ASU 2016-09 simplifies accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, and certain classifications on the statement of cash flows. The Company adopted the guidance effective January 1, 2017 on a prospective basis. Additionally, as required by ASU 2016-09, when calculating diluted earnings per share, excess tax benefits were excluded from the calculation of assumed proceeds since such amounts are recognized in the income statement. The Company applied the cash flow presentation requirements prospectively, and the 2016 statement of cash flows was not adjusted. ASU 2016-09 also allows an entity to elect as an accounting policy either to estimate the total number of awards for which the requisite service period will not be rendered or to account for forfeitures for service-based awards as they occur. The Company has elected to account for forfeitures as they occur.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In June 2016, the FASB issued ASU 2016-13, &#8220;Financial Instruments &#8211; Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments&#8221;. This ASU will require the measurement of all expected credit losses for financial assets, including trade receivables, held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The guidance is effective for annual reporting periods beginning after December 15, 2019 and interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company&#8217;s results of operations and financial position.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In August 2016, the FASB issued ASU 2016-15, &#8220;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,&#8221; which eliminates the diversity in practice related to eight cash flow classification issues. The Company adopted this ASU in the first quarter of 2017 on a prospective basis. Adoption affected the classification of dividends received from equity method investees on the statement of cash flows, but did not have any other impact.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In January 2017, the FASB issued ASU 2017-04, &#8220;Intangibles&#8212;Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment&#8221;. The new guidance eliminates Step 2 of the goodwill impairment testing which requires the fair value of individual assets and liabilities of a reporting unit to be determined when measuring goodwill impairment. The new guidance may result in different amounts of impairment that could be recognized compared to existing guidance. In addition, failing step 1 of the impairment test, where the carrying value of a reporting unit is compared to its fair value, may not result in impairment under existing guidance. However, under the revised guidance, failing step 1 will always result in a goodwill impairment. ASU 2017-04 is to be applied prospectively for goodwill impairment testing performed in years beginning after December 15, 2019. The Company does not believe the adoption will significantly impact the Company&#8217;s results of operations or financial position.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In May 2017, the FASB issued ASU 2017-09, &#8220;Compensation &#8211; Stock Compensation (Topic 718): Scope of Modification Accounting.&#8221; The new guidance describes the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. The guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company&#8217;s results of operations and financial position.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The summary comparative financial results of discontinued operations were as follows (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total net revenues</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">583</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">24</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,440</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total cost of revenues</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">436</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">48</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,227</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total selling and administrative expenses</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">157</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">53</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">863</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loss from operations of discontinued operations</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(77</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(650</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loss before income taxes</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(8</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(49</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(628</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax expense</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(114</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss from discontinued operations, net of tax</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(8</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(49</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(742</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Fair values measured on a recurring basis at September 30, 2017 (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,049</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,049</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Notes receivable</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,049</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,718</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Fair values measured on a recurring basis at December 31, 2016 (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,596</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,596</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Notes receivable</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,596</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,265</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Quantitative information about the Company&#8217;s level 3 fair value measurements at September 30, 2017 is set forth below:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Fair value at 9/30/17</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(in thousands)</p></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Valuation technique</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Unobservable input</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Range</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 16%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Notes receivable</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 17%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,669</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 23%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Discounted&#160;cash&#160;flow</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 22%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Probability of default</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">50</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Discount rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table provides the reconciliation between average shares used to compute basic and diluted (loss) earnings per share:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average shares outstanding (in thousands):</font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Basic weighted average shares outstanding</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,310</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,249</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,279</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,225</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dilutive effect of stock options and certain non-vested shares of restricted stock</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">86</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Diluted weighted average shares outstanding</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,310</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,249</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,279</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,311</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following summarizes our equity method investments:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>September 30, 2017</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2016</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>(dollars in thousands)</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>Entity</b></font></td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Carrying Amount</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Economic Interest</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Carrying Amount</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Economic Interest</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%"><font style="font: 10pt Times New Roman, Times, Serif">RELM Wireless Corporation</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4,448</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">8.3</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4,382</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">8.3</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Itasca Capital, Ltd.</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">5,097</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">32.3</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,368</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">32.3</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font: 10pt Times New Roman, Times, Serif">1347 Property Insurance Holdings, Inc.</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">8,099</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">17.4</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">5,348</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">12.1</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">17,644</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">13,098</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The following summarizes the (loss) income of equity method investees reflected in the Statement of Operations (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended September 30,</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Entity</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">RELM Wireless Corporation</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">109</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">114</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">155</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Itasca Capital, Ltd.</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,023</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(85</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,289</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(85</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1347 Property Insurance Holdings, Inc.</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">161</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">215</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(753</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">29</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,516</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">70</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The summarized financial information is presented only for the periods when the Company owned its investment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the nine months ended June 30,</font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(in thousands)</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Revenue</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gross profit</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 73%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Operating loss from continuing operations</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 24%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(172</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net income</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,253</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><sup>(1)</sup></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">(1) Net income primarily related to unrealized gains on investments.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(in thousands)</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Remainder 2017</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 25%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">150</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">589</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">577</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">568</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">431</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,340</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following represents a summary of changes in the Company&#8217;s carrying amount of goodwill for the nine months ended September 30, 2017 (in thousands):</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2016</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">889</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Foreign currency translation</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">68</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of September 30, 2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">957</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table summarizes warranty activity for the three and nine months ended September 30, 2017 and 2016:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended September 30,</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nine Months Ended September 30,</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="14" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(in thousands)</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Warranty accrual at beginning of period</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">457</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">380</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">645</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">310</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Charged to expense</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">162</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">430</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">337</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">778</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Claims paid, net of recoveries</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(38</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(194</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(410</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(475</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Foreign currency adjustment</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Warranty accrual at end of period</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">584</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">617</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">584</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">617</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Company&#8217;s future minimum lease payments for leases at September 30, 2017 are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Capital Leases</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Operating&#160;Leases</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="6" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(in thousands)</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Remainder 2017</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">66</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">301</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">251</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,759</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">116</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,735</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,507</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,378</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,066</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total minimum lease payments</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">433</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,746</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Amount representing interest</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(19</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Present value of minimum lease payments</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">414</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Current maturities</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(240</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Capital lease obligations, net of current portion</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">174</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In thousands)</b></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>September 30, 2017</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2016</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Identifiable assets, excluding assets held for sale</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">United States</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">42,815</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">40,255</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Canada</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21,583</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21,996</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">64,398</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">62,251</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 150000 589000 577000 568000 431000 25000 500000 6400000 8000000 During 2017, the expected volatility was based on historical daily price changes of the Company’s stock for six years prior to the date of grant. During 2016, the Company used a one year period to calculate volatility, but updated this assumption in the current year to align the expected volatility with the expected life of the options. P6Y P1Y -0.18 0.03 -0.07 -0.03 0.00 -0.05 0.00 -0.18 -0.02 -0.07 -0.03 -0.18 0.03 -0.07 -0.03 0.00 -0.05 0.00 -0.18 -0.02 -0.07 -0.03 0.0025 0.005 0.005 1950000 1.50 2.00 2017 Net income primarily related to unrealized gains on investments. EX-101.SCH 7 btn-20170930.xsd XBRL SCHEMA FILE 00000001 - Disclosure - Document And Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Nature of Operations link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Discontinued Operations link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - (Loss) Earnings Per Common Share link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Equity Method Investments link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Intangible Assets link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Goodwill link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Warranty Reserves link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Debt link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Stock Compensation link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Commitments, Contingencies and Concentrations link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Business Segment Information link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Discontinued Operations (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - (Loss) Earnings Per Common Share (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Equity Method Investments (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Goodwill (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Warranty Reserves (Tables) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Debt (Tables) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Stock Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Commitments, Contingencies and Concentrations (Tables) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Business Segment Information (Tables) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Discontinued Operations (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Discontinued Operations - Schedule of Comparative Financial Results of Discontinued Operations (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Summary of Significant Accounting Policies - Schedule of Fair Value Measured Financial Assets and Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Summary of Significant Accounting Policies - Summary of Quantitative Information About Company's Level 3 Fair Value Measurements (Details) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - (Loss) Earnings Per Common Share (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - (Loss) Earnings Per Common Share - Schedule of Reconciliation Between Basic and Diluted Earnings Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Equity Method Investments (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Equity Method Investments - Summary of Equity Method Investments (Details) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Equity Method Investments - Summary of Income (Loss) of Equity Method Investees (Details) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Equity Method Investments - Summarized Financial Information (Details) link:presentationLink link:calculationLink link:definitionLink 00000043 - Disclosure - Intangible Assets (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000044 - Disclosure - Intangible Assets - Schedule of Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000045 - Disclosure - Intangible Assets - Schedule of Intangible Assets Future Amortization Expense (Details) link:presentationLink link:calculationLink link:definitionLink 00000046 - Disclosure - Goodwill - Summary of Changes in Carrying Amount of Goodwill (Details) link:presentationLink link:calculationLink link:definitionLink 00000047 - Disclosure - Warranty Reserves - Schedule of Product Warranty Liability (Details) link:presentationLink link:calculationLink link:definitionLink 00000048 - Disclosure - Debt (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000049 - Disclosure - Debt - Schedule of Long-term Debt (Details) link:presentationLink link:calculationLink link:definitionLink 00000050 - Disclosure - Debt - Schedule of Long-term Debt (Details) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000051 - Disclosure - Debt - Schedule of Long-term Debt Maturities (Details) link:presentationLink link:calculationLink link:definitionLink 00000052 - Disclosure - Income Taxes (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000053 - Disclosure - Stock Compensation (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000054 - Disclosure - Stock Compensation - Schedule of Weighted Average Assumptions for Fair Value of Stock Options Granted During the Period (Details) link:presentationLink link:calculationLink link:definitionLink 00000055 - Disclosure - Stock Compensation - Summary of Stock Options Activities (Details) link:presentationLink link:calculationLink link:definitionLink 00000056 - Disclosure - Stock Compensation - Summary of Restricted Stock Activity (Details) link:presentationLink link:calculationLink link:definitionLink 00000057 - Disclosure - Stock Compensation - Schedule of Nonvested Restricted Stock Units Activity (Details) link:presentationLink link:calculationLink link:definitionLink 00000058 - Disclosure - Commitments, Contingencies and Concentrations (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000059 - Disclosure - Commitments, Contingencies and Concentrations - Schedule of Leases Future Minimum Lease Payments (Details) link:presentationLink link:calculationLink link:definitionLink 00000060 - Disclosure - Business Segment Information (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000061 - Disclosure - Business Segment Information - Schedule of Segment Reporting Information by Segment (Details) link:presentationLink link:calculationLink link:definitionLink 00000062 - Disclosure - Business Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) link:presentationLink link:calculationLink link:definitionLink 00000063 - Disclosure - Business Segment Information - Schedule of Segment Reporting Information by Geographic Area (Details) link:presentationLink link:calculationLink link:definitionLink 00000064 - Disclosure - Business Segment Information - Summary of Identifiable Assets by Geographical Area (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 btn-20170930_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 btn-20170930_def.xml XBRL DEFINITION FILE EX-101.LAB 10 btn-20170930_lab.xml XBRL LABEL FILE Fair Value, Hierarchy [Axis] Level 1 [Member] Level 3 [Member] Level 2 [Member] Segments [Axis] Business Segments [Member] Geographical [Axis] China [Member] Canada [Member] Mexico [Member] Europe [Member] Asia (Excluding China) [Member] Other [Member] United States [Member] Finite-Lived Intangible Assets by Major Class [Axis] Production Formulation [Member] Consolidation Items [Axis] Cinema [Member] Digital Media [Member] Corporate Assets [Member] Concentration Risk Type [Axis] Customer Concentration Risk [Member] Concentration Risk Benchmark [Axis] Sales Revenue, Net [Member] Accounts Receivable [Member] Award Type [Axis] Stock Option [Member] Restricted Stock [Member] Class of Stock [Axis] Legal Entity [Axis] SWBTI [Member] RELM Wireless Corporation [Member] Title of Individual [Axis] Chief Executive Officer [Member] Range [Axis] Minimum [Member] Itasca Capital, Ltd. [Member] 1347 Property Insurance Holdings, Inc. [Member] Asset Class [Axis] Equity Method Investments [Member] 1347 Property Insurance Holdings, Inc. [Member] Income Statement Location [Axis] Selling, General and Administrative Expenses [Member] Antidilutive Securities [Axis] Stock Option in Which Exercise Price Exceeds the Average Market Price of Common Shares [Member] Restricted Stock Awards and Stock Options in Which Exercise Price is Less Than the Average Market Price of Common Shares [Member] Debt Instrument [Axis] Long-term Debt [Member] Credit Facility [Axis] Line of Credit [Member] Strong Westrex, Inc. [Member] Software in Development [Member] Software in Service [Member] Plan Name [Axis] 2017 Plan [Member] Options [Member] Restricted Stock Units (RSUs) [Member] Latin America [Member] Property, Plant and Equipment, Type [Axis] Type of Arrangement and Non-arrangement Transactions [Axis] Demand Credit Agreement [Member] Currency [Axis] Canadian Dollar [Member] 20-year Installment Loan [Member] 5-year Installment Loan [Member] Other [Member] Indefinite-lived Intangible Assets [Axis] Intangible Assets [Member] Variable Rate [Axis] Prime Rate [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Trading Symbol Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] Assets Current assets: Cash and cash equivalents Accounts receivable (net of allowance for doubtful accounts of $1,767 and $1,097, respectively) Inventories: Raw materials and components, net Work in process Finished goods, net Total inventories, net Recoverable income taxes Other current assets Current assets held for sale Total current assets Property, plant and equipment (net of accumulated depreciation of $8,529 and $7,066 respectively) Equity method investments Intangible assets, net Goodwill Notes receivable Deferred income taxes Other assets Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Short-term debt Current portion of long-term debt Customer deposits/deferred revenue Income tax payable Current liabilities held for sale Total current liabilities Long-term debt, net of current portion Deferred revenue Deferred income taxes Other accrued expenses, net of current portion Total liabilities Stockholders' equity: Preferred stock, par value $.01 per share; authorized 1,000 shares, none outstanding Common stock, par value $.01 per share; authorized 25,000 shares; issued 17,216 and 17,047 shares at September 30, 2017 and December 31, 2016, respectively; 14,422 and 14,268 shares outstanding at September 30, 2017 and December 31, 2016, respectively Additional paid-in capital Accumulated other comprehensive income (loss): Foreign currency translation Postretirement benefit obligations Unrealized gain on available-for-sale securities of equity method investment Retained earnings Treasury stock before, cost Less 2,794 and 2,779 of common shares in treasury, at cost at September 30, 2017 and December 31, 2016, respectively Total stockholders' equity Total liabilities and stockholders' equity Accounts receivable, allowance for doubtful accounts Property, plant and equipment, accumulated depreciation Preferred stock par value Preferred stock, shares authorized Preferred stock, shares outstanding Common stock par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Common shares in treasury, shares Income Statement [Abstract] Net product sales Net service revenues Total net revenues Cost of products sold Cost of services Total cost of revenues Gross profit Selling and administrative expenses: Selling Administrative Total selling and administrative expenses Income (loss) from operations Other (expense) income: Interest income Interest expense Foreign currency transaction (loss) gain Change in value of marketable securities Excess distribution from joint venture Other (expense) income, net Total other expense Earnings (loss) before income taxes and equity method investment (loss) income Income tax expense Equity method investment (loss) income Net (loss) earnings from continuing operations Net loss from discontinued operations, net of tax Net loss Net (loss) earnings per share - basic Net (loss) earnings from continuing operations Net loss from discontinued operations Net loss Net (loss) earnings per share - diluted Net (loss) earnings from continuing operations Net loss from discontinued operations Net loss Statement of Comprehensive Income [Abstract] Net loss Currency translation adjustment: Unrealized net change arising during period Unrealized gain on available-for-sale securities of equity method investments, net of tax Total other comprehensive income (loss) Comprehensive (loss) income Statement of Cash Flows [Abstract] Cash flows from operating activities: Net (loss) earnings from continuing operations Adjustments to reconcile net (loss) earnings from continuing operations to net cash used in operating activities: Provision for doubtful accounts Provision for obsolete inventory Provision for warranty Depreciation and amortization Equity method investment income Excess distribution from joint venture Unrealized loss on marketable securities Deferred income taxes Stock-based compensation expense Changes in operating assets and liabilities: Accounts receivable Inventories Other current assets Accounts payable Accrued expenses Customer deposits/deferred revenue Current income taxes Other assets Net cash flows from operating activities - continuing operations Net cash flows from operating activities - discontinued operations Net cash used in operating activities Cash flows from investing activities: Purchase of equity securities Dividends received from investee in excess of cumulative earnings Capital expenditures Proceeds from sale of business Net cash used in investing activities - continuing operations Cash flows from financing activities: Proceeds from issuance of long-term debt Proceeds from issuance of short-term debt Payment of debt issuance costs Principal payments on long-term debt Purchase of treasury stock Proceeds from exercise of stock options Payments on capital lease obligations Excess tax benefits from stock-based arrangement Net cash provided by (used in) financing activities - continuing operations Effect of exchange rate changes on cash and cash equivalents - continuing operations Effect of exchange rate changes on cash and cash equivalents - discontinued operations Net decrease in cash and cash equivalents Discontinued operations activity included above: Add: Cash balance included in assets held for sale at beginning of period Less: Cash balance included in assets held for sale at end of period Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Organization, Consolidation and Presentation of Financial Statements [Abstract] Nature of Operations Discontinued Operations and Disposal Groups [Abstract] Discontinued Operations Accounting Policies [Abstract] Summary of Significant Accounting Policies Earnings Per Share [Abstract] (Loss) Earnings Per Common Share Equity Method Investments and Joint Ventures [Abstract] Equity Method Investments Goodwill and Intangible Assets Disclosure [Abstract] Intangible Assets Goodwill Guarantees and Product Warranties [Abstract] Warranty Reserves Debt Disclosure [Abstract] Debt Income Tax Disclosure [Abstract] Income Taxes Disclosure of Compensation Related Costs, Share-based Payments [Abstract] Stock Compensation Commitments and Contingencies Disclosure [Abstract] Commitments, Contingencies and Concentrations Segment Reporting [Abstract] Business Segment Information Basis of Presentation and Principles of Consolidation Use of Management Estimates Marketable Securities Equity Method Investments Fair Value of Financial Instruments Recently Issued Accounting Pronouncements Schedule of Comparative Financial Results of Discontinued Operations Schedule of Fair Value Measured Financial Assets and Liabilities Summary of Quantitative Information About Company's Level 3 Fair Value Measurements Schedule of Reconciliation Between Basic and Diluted Earnings Per Share Summary of Equity Method Investments Summary of Income (Loss) of Equity Method Investees Summarized Financial Information Schedule of Intangible Assets Schedule of Intangible Assets Future Amortization Expense Summary of Changes in Carrying Amount of Goodwill Product Warranties Disclosures [Abstract] Schedule of Product Warranty Liability Schedule of Long-term Debt Schedule of Long-term Debt Maturities Schedule of Weighted Average Assumptions for Fair Value of Stock Options Granted During the Period Summary of Stock Options Activities Summary of Restricted Stock Activity Schedule of Nonvested Restricted Stock Units Activity Schedule of Leases Future Minimum Lease Payments Schedule of Segment Reporting Information by Segment Reconciliation of Assets from Segment to Consolidated Schedule of Segment Reporting Information by Geographic Area Summary of Identifiable Assets by Geographical Area Statement [Table] Statement [Line Items] Proceeds from sale of subsidiaries Total net revenues Total cost of revenues Total selling and administrative expenses Loss from operations of discontinued operations Loss before income taxes Income tax expense Net loss from discontinued operations, net of tax Amount reclassification made Long-term debt Long-term debt fair value Cash and cash equivalents Notes receivable Total Note receivable Valuation Technique Probability of default Discount rate Anti dilutive securities excluded from computation of earnings per share Basic weighted average shares outstanding Dilutive effect of stock options and certain non-vested shares of restricted stock Diluted weighted average shares outstanding Combined equity ownership percentage Dividend received Quoted market value of the company's ownership Equity method ownership percentage Additional cost during the period Retained earnings undistributed earnings from our equity method investees Equity investment, Carrying Amount Equity investment, Economic Interest Equity method investment income Revenue Gross profit Operating income from continuing operations Net income Amortization expense Intangible assets, Useful life Intangible assets, Gross Intangible assets, Accumulated amortization Intangible assets, Net Remainder of 2017 2018 2019 2020 2021 Thereafter Total Balance Foreign currency translation Balance Extended Product Warranty Disclosure [Abstract] Warranty accrual at beginning of period Charged to expense Claims paid, net of recoveries Foreign currency adjustment Warranty accrual at end of period Secured loan Loan term Long term debt bearing interest fixed rate Debt installment determination period Debt balloon payment amount Debt maturity date Line of credit Line of credit maximum borrowing capacity Line of credit bearing interest rate Interest rate of installment loans Maximum allowed liabilities to tangible net worth Minimum liquidity value Description on effective equity Maximum liabilities to effective equity Minimum current ratio Minimum effective equity $2 million term loan Less: current portion Less: unamortized debt issuance costs Long-term debt Remainder of 2017 2018 2019 2020 2021 Thereafter Total Income tax examination description Share-based compensation expense Number of shares reserved for issuance Number of shares granted Share based compensation arrangement by share based payment award options grants in period weighted average grant date fair value Description on expected volatility Expected volatility calculation period for stocks granted Share-based compensation arrangement by share-based payment award, options, non-vested, number Total unrecognized compensation cost related to stock option awards Compensation cost expected to be recognized, weighted average period Unrecognized for restricted stock, value Expected dividend yield at date of grant Risk-free interest rate Expected stock price volatility Expected life of options (in years) Number of Options, Outstanding beginning balance Number of Options, Granted Number of Options, Exercised Number of Options, Forfeited Number of Options, Expired Number of Options, Outstanding ending balance Number of Options, Exercisable Weighted Average Exercise Price Per Share, Outstanding beginning balance Weighted Average Exercise Price Per Share, Granted Weighted Average Exercise Price Per Share, Exercised Weighted Average Exercise Price Per Share, Forfeited Weighted Average Exercise Price Per Share, Expired Weighted Average Exercise Price Per Share, Outstanding ending balance Weighted Average Exercise Price Per Share, Exercisable Weighted Average Remaining Contractual Term, beginning balance Weighted Average Remaining Contractual Term, ending balance Weighted Average Remaining Contractual Term, Exercisable Aggregate Intrinsic Value, beginning balance Aggregate Intrinsic Value, ending balance Aggregate Intrinsic Value, Exercisable Number of Restricted Stock Shares, Non-vested beginning balance Number of Restricted Stock Shares, Granted Number of Restricted Stock Shares, vested Number of Restricted Stock Shares, forfeited Number of Restricted Stock Shares, Non-vested ending balance Weighted Average Grant Date Fair Value, Non-vested beginning balance Weighted Average Grant Date Fair Value, Granted Weighted Average Grant Date Fair Value, Vested Weighted Average Grant Date Fair Value, Forfeited Weighted Average Grant Date Fair Value, Non-vested ending balance Concentration risk, number of customers Concentration risk, percentage Operating lease expiration date Leases [Abstract] Capital Leases, Remainder 2017 Capital Leases, 2018 Capital Leases, 2019 Capital Leases, 2020 Capital Leases, 2021 Capital Leases, Thereafter Total minimum lease payments Less: Amount representing interest Present value of minimum lease payments Less: Current maturities Capital lease obligations, net of current portion Operating Leases, Remainder 2017 Operating Leases, 2018 Operating Leases, 2019 Operating Leases, 2020 Operating Leases, 2021 Operating Leases, Thereafter Total minimum Operating lease payments Number of business segment Schedule of Segment Reporting Information, by Segment [Table] Segment Reporting Information [Line Items] Total segment net revenue Eliminations Total net revenue Total segment operating income Unallocated general and administrative expenses Other (expense) income Interest, net Other (expense) income - foreign currency transaction (loss) gain Cinema - excess distribution from joint venture Other (expense) income Change in value of marketable securities - Corporate asset Total other expense Earnings (loss) before income taxes and equity method investment (loss) income Identifiable assets, excluding assets held for sale Net revenue Represents the geographical region of Asia excluding China, where the entity operates. Disclosures about total assets that are (1) located in the entity's country of domicile, and (2) located in all foreign countries in which the entity holds assets. Business Segments [Member] Canada [Member] China [Member] Cinema [Member] Digital Media [Member] Itasca Capital Ltd [Member] Mexico [Member] Represents other geographic areas which have not been specified elsewhere in the taxonomy. Production Formulation [Member] 1347 Property Insurance Holdings Inc [Member] Property Insurance Holdings Ltd [Member] Relm Wireless Corp [Member] SWBTI [Member] Stock Option In Which Exercise Price Exceeds The Average Market Price [Member] Summarized Financial info of Equity Method [Table Text Block]. Schedule of Leases Future Minimum Lease Payments [Table Text Block] Summary of income (loss) of equity method Investees [Table Text Block]. Excess distribution from joint venture. Strong Westrex, Inc. [Member] Software in Servvice [Member] 2017 Plan [Member] Options [Member] Restricted Stock Awards and Stock Options in Which Exercise Price is Less Than the Average Market Price of Common Shares [Member] The ownership interest which the combined equity ownership percentage of entity and Company&#8217;s CEO exceeds. Equity method investment summarized financial information operating income. Represents the aggregate decrease in the liability related to warranties written off during the period, net of recoveries. Demand Credit Agreement [Member] Canadaian Dollar [Member] 20-year Installment Loan [Member] 5-year Installment Loan [Member] The period used to determine monthly payment amount of long term debt installments. Maximum amount of liabilities divided by tangible net worth allowed under the terms of the debt agreement. Minimum liquidity value. Description on effective equity. Minimum effective equity. The number of non-vested equity-based payment options, that validly exist and are outstanding as of the balance sheet date. custom:Note16StockCompensationDetailsWeightedAverageFairValueAssumptionsUsedInGrantDateFairValueOfPurchaseRightsOutstandingTable custom:Note16StockCompensationDetailsWeightedAverageFairValueAssumptionsUsedInGrantDateFairValueOfPurchaseRightsOutstandingLineItems Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Represents the number of major customers of the entity upon which the entity relies significantly giving rise to concentration of credit risk. Operating Lease Expiration Date. Other [Member] Elimination for sales between segments. Unallocated general and administrative expenses. Carrying amount of net assets exclusive of assets held for sale. Intangible Assets [Member] Description on expected volatility. Expected volatility calculation period for stocks granted. Maxium amount allowed to be in compliance with debt covenants of liabilities divided by the tangible stockholders' equity less amounts receivable from affilities and equity method investments. Minimum amount allowed to be in compliance with debt covenants of current assets (excluding amounts due from related parties) divided by current liabilities. PropertyInsuranceHoldingsLtdMember OtherMember Inventory, Net Assets, Current Assets [Default Label] Liabilities, Current Deferred Tax Liabilities, Net, Noncurrent Liabilities Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax Stockholders' Equity before Treasury Stock Treasury Stock, Value Stockholders' Equity Attributable to Parent Liabilities and Equity Cost of Goods and Services Sold Gross Profit Selling, General and Administrative Expense Interest Expense, Other Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent Net Income (Loss) Attributable to Parent Income (Loss) from Continuing Operations, Per Diluted Share Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share Earnings Per Share, Diluted Other Comprehensive Income (Loss), Net of Tax Comprehensive Income (Loss), Net of Tax, Attributable to Parent Marketable Securities, Unrealized Gain (Loss) Deferred Income Tax Expense (Benefit) Increase (Decrease) in Accounts Receivable Increase (Decrease) in Inventories Increase (Decrease) in Other Current Assets Increase (Decrease) in Accounts Payable Increase (Decrease) in Accrued Liabilities Increase (Decrease) in Customer Deposits Increase (Decrease) in Other Operating Assets Net Cash Provided by (Used in) Operating Activities, Continuing Operations Net Cash Provided by (Used in) Operating Activities Payments to Acquire Productive Assets Net Cash Provided by (Used in) Investing Activities, Continuing Operations Payments of Debt Issuance Costs Repayments of Long-term Debt Payments for Repurchase of Equity Repayments of Long-term Capital Lease Obligations Net Cash Provided by (Used in) Financing Activities, Continuing Operations Cash and Cash Equivalents, Period Increase (Decrease) Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents Goodwill Disclosure [Text Block] Equity Method Investments [Policy Text Block] Discontinued Operation, Tax Effect of Discontinued Operation Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest Cash and Cash Equivalents, Fair Value Disclosure Goodwill, Foreign Currency Translation Gain (Loss) Standard and Extended Product Warranty Accrual ProductWarrantyAccrualWarrantiesWrittenOffNetOfRecoveries Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year Long-term Debt, Maturities, Repayments of Principal in Year Two Long-term Debt, Maturities, Repayments of Principal in Year Three Long-term Debt, Maturities, Repayments of Principal in Year Four Long-term Debt, Maturities, Repayments of Principal in Year Five Long-term Debt, Maturities, Repayments of Principal after Year Five Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest EX-101.PRE 11 btn-20170930_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.8.0.1
Document And Entity Information - shares
9 Months Ended
Sep. 30, 2017
Oct. 31, 2017
Document And Entity Information    
Entity Registrant Name BALLANTYNE STRONG, INC.  
Entity Central Index Key 0000946454  
Document Type 10-Q  
Document Period End Date Sep. 30, 2017  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Filer Category Accelerated Filer  
Entity Common Stock, Shares Outstanding   14,416,040
Trading Symbol BTN  
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2017  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 4,049 $ 7,596
Accounts receivable (net of allowance for doubtful accounts of $1,767 and $1,097, respectively) 15,465 16,316
Inventories:    
Raw materials and components, net 1,290 1,341
Work in process 395 247
Finished goods, net 5,295 4,975
Total inventories, net 6,980 6,563
Recoverable income taxes 431 672
Other current assets 1,703 1,746
Current assets held for sale 188
Total current assets 28,628 33,081
Property, plant and equipment (net of accumulated depreciation of $8,529 and $7,066 respectively) 11,357 11,187
Equity method investments 17,644 13,098
Intangible assets, net 3,973 2,357
Goodwill 957 889
Notes receivable 1,669 1,669
Deferred income taxes 84
Other assets 170 74
Total assets 64,398 62,439
Current liabilities:    
Accounts payable 6,301 5,175
Accrued expenses 3,686 4,097
Short-term debt 500
Current portion of long-term debt 64
Customer deposits/deferred revenue 3,057 4,211
Income tax payable 15 108
Current liabilities held for sale 57
Total current liabilities 13,623 13,648
Long-term debt, net of current portion 1,884
Deferred revenue 1,214 1,226
Deferred income taxes 2,522 1,841
Other accrued expenses, net of current portion 398 570
Total liabilities 19,641 17,285
Stockholders' equity:    
Preferred stock, par value $.01 per share; authorized 1,000 shares, none outstanding
Common stock, par value $.01 per share; authorized 25,000 shares; issued 17,216 and 17,047 shares at September 30, 2017 and December 31, 2016, respectively; 14,422 and 14,268 shares outstanding at September 30, 2017 and December 31, 2016, respectively 169 169
Additional paid-in capital 40,364 39,758
Accumulated other comprehensive income (loss):    
Foreign currency translation (4,202) (5,709)
Postretirement benefit obligations 97 97
Unrealized gain on available-for-sale securities of equity method investment 351 136
Retained earnings 26,564 29,187
Treasury stock before, cost 63,343 63,638
Less 2,794 and 2,779 of common shares in treasury, at cost at September 30, 2017 and December 31, 2016, respectively (18,586) (18,484)
Total stockholders' equity 44,757 45,154
Total liabilities and stockholders' equity $ 64,398 $ 62,439
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Statement of Financial Position [Abstract]    
Accounts receivable, allowance for doubtful accounts $ 1,767 $ 1,097
Property, plant and equipment, accumulated depreciation $ 8,529 $ 7,066
Preferred stock par value $ 0.01 $ 0.01
Preferred stock, shares authorized 1,000,000 1,000,000
Preferred stock, shares outstanding
Common stock par value $ 0.01 $ 0.01
Common stock, shares authorized 25,000,000 25,000,000
Common stock, shares issued 17,216,000 17,047,000
Common stock, shares outstanding 14,422,000 14,268,000
Common shares in treasury, shares 2,794,000 2,779,000
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net product sales $ 12,808 $ 13,071 $ 38,302 $ 39,668
Net service revenues 6,751 5,597 18,583 16,672
Total net revenues 19,559 18,668 56,885 56,340
Cost of products sold 10,112 11,172 30,929 31,210
Cost of services 4,128 3,119 10,923 9,368
Total cost of revenues 14,240 14,291 41,852 40,578
Gross profit 5,319 4,377 15,033 15,762
Selling and administrative expenses:        
Selling 1,298 1,128 4,207 3,302
Administrative 3,473 2,992 11,706 9,127
Total selling and administrative expenses 4,771 4,120 15,913 12,429
Income (loss) from operations 548 257 (880) 3,333
Other (expense) income:        
Interest income 59 18 99
Interest expense (51) (41) (84) (81)
Foreign currency transaction (loss) gain (306) 23 (410) (982)
Change in value of marketable securities (34) (400)
Excess distribution from joint venture 502
Other (expense) income, net (35) (7) (24) 36
Total other expense (392) (500) (826)
Earnings (loss) before income taxes and equity method investment (loss) income 156 257 (1,380) 2,507
Income tax expense 440 748 2,709 2,085
Equity method investment (loss) income (753) 29 1,516 70
Net (loss) earnings from continuing operations (1,037) (462) (2,573) 492
Net loss from discontinued operations, net of tax (8) (49) (742)
Net loss $ (1,037) $ (470) $ (2,622) $ (250)
Net (loss) earnings per share - basic        
Net (loss) earnings from continuing operations $ (0.07) $ (0.03) $ (0.18) $ 0.03
Net loss from discontinued operations 0.00 0.00 (0.05)
Net loss (0.07) (0.03) (0.18) (0.02)
Net (loss) earnings per share - diluted        
Net (loss) earnings from continuing operations (0.07) (0.03) (0.18) 0.03
Net loss from discontinued operations 0.00 0.00 (0.05)
Net loss $ (0.07) $ (0.03) $ (0.18) $ (0.02)
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Statement of Comprehensive Income [Abstract]        
Net loss $ (1,037) $ (470) $ (2,622) $ (250)
Currency translation adjustment:        
Unrealized net change arising during period 689 (297) 1,507 1,328
Unrealized gain on available-for-sale securities of equity method investments, net of tax 34 41 215 62
Total other comprehensive income (loss) 723 (256) 1,722 1,390
Comprehensive (loss) income $ (314) $ (726) $ (900) $ 1,140
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (2,622) $ (250)
Net loss from discontinued operations, net of tax (49) (742)
Net (loss) earnings from continuing operations (2,573) 492
Adjustments to reconcile net (loss) earnings from continuing operations to net cash used in operating activities:    
Provision for doubtful accounts 712 1
Provision for obsolete inventory (160) (101)
Provision for warranty 319 260
Depreciation and amortization 1,563 1,658
Equity method investment income (1,516) (70)
Excess distribution from joint venture (502)
Unrealized loss on marketable securities 400
Deferred income taxes 715 (195)
Stock-based compensation expense 498 357
Changes in operating assets and liabilities:    
Accounts receivable 385 (439)
Inventories (134) (733)
Other current assets (41) 113
Accounts payable 1,197 (205)
Accrued expenses (763) 348
Customer deposits/deferred revenue (1,204) (233)
Current income taxes 174 (1,708)
Other assets (85) 32
Net cash flows from operating activities - continuing operations (913) (525)
Net cash flows from operating activities - discontinued operations (147) (1,624)
Net cash used in operating activities (1,060) (2,149)
Cash flows from investing activities:    
Purchase of equity securities (2,525) (4,107)
Dividends received from investee in excess of cumulative earnings 230 206
Capital expenditures (2,949) (1,102)
Proceeds from sale of business 60
Net cash used in investing activities - continuing operations (5,184) (5,003)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 2,000
Proceeds from issuance of short-term debt 500
Payment of debt issuance costs (46)
Principal payments on long-term debt (17)
Purchase of treasury stock (102) (155)
Proceeds from exercise of stock options 71 100
Payments on capital lease obligations (188) (239)
Excess tax benefits from stock-based arrangement 6
Net cash provided by (used in) financing activities - continuing operations 2,218 (288)
Effect of exchange rate changes on cash and cash equivalents - continuing operations 304 763
Effect of exchange rate changes on cash and cash equivalents - discontinued operations (120)
Net decrease in cash and cash equivalents (3,722) (6,797)
Discontinued operations activity included above:    
Add: Cash balance included in assets held for sale at beginning of period 175 4,208
Less: Cash balance included in assets held for sale at end of period (1,439)
Cash and cash equivalents at beginning of period 7,596 17,862
Cash and cash equivalents at end of period $ 4,049 $ 13,834
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Nature of Operations
9 Months Ended
Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature of Operations

1. Nature of Operations

 

Ballantyne Strong, Inc. (“Ballantyne” or the “Company”), a Delaware corporation, is a holding company with diverse business activities focused on serving the cinema, retail, financial and government markets. The Company, and its wholly owned subsidiaries Strong Technical Services, Inc., Strong/MDI Screen Systems, Inc. (“Strong/MDI”), Convergent Corporation, and Convergent Media Systems Corporation (“Convergent” or “CMS”), design, integrate and install technology solutions for a broad range of applications; develop and deliver out-of-home messaging, advertising and communications; manufacture projection screens; and provide managed services including monitoring of networked equipment to our customers. On November 4, 2016, Strong Westrex (Beijing) Technology Inc. (“SWBTI”), a subsidiary of Strong Westrex, Inc. (“SWI”), was sold, and on May 17, 2017, SWI was sold (see Note 2).

 

The Company’s products are distributed to the retail, financial, government and cinema markets throughout the world.

XML 19 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Discontinued Operations
9 Months Ended
Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations

2. Discontinued Operations

 

On June 23, 2016, the Company’s Board of Directors approved a plan to pursue a sale of the operations conducted by its subsidiaries SWBTI and SWI (the “China Operations”) which have historically been included in the Cinema segment. The purpose of the plan was to focus the efforts of the Company on the business units that have opportunities for higher return on invested capital. We reflected the results of the China Operations as discontinued operations for all periods presented. The assets and liabilities of the China Operations have been reclassified as assets and liabilities held for sale in the condensed consolidated balance sheets for all periods presented.

 

On November 4, 2016, the Company sold SWBTI to GABO Filter, Inc. for total proceeds of $0.4 million. On May 17, 2017, SWI was sold for total proceeds of $0.1 million. The Company recorded an insignificant gain on the sale of SWI.

 

The summary comparative financial results of discontinued operations were as follows (in thousands):

 

    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2017     2016     2017     2016  
Total net revenues   $     $ 583     $ 24     $ 6,440  
Total cost of revenues           436       48       6,227  
Total selling and administrative expenses           157       53       863  
Loss from operations of discontinued operations           (10 )     (77 )     (650 )
Loss before income taxes           (8 )     (49 )     (628 )
Income tax expense           -       -       (114 )
Net loss from discontinued operations, net of tax   $     $ (8 )   $ (49 )   $ (742 )

 

Depreciation and amortization related to discontinued operations was immaterial for the three and nine month periods ended September 30, 2017 and 2016. There were no capital expenditures related to discontinued operations for the nine months ended September 30, 2017 and 2016.

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

3. Summary of Significant Accounting Policies

 

Basis of Presentation and Principles of Consolidation

 

The condensed consolidated financial statements include the accounts of the Company and all majority owned and controlled domestic and foreign subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

 

The condensed consolidated financial statements included in this report are presented in accordance with the requirements of Form 10-Q and consequently do not include all of the disclosures normally required by accounting principles generally accepted in the United States of America for annual reporting purposes or those made in the Company’s Annual Report on Form 10-K/A. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2016.

 

The condensed consolidated balance sheet as of December 31, 2016 was derived from the Company’s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary to present a fair statement of the financial position and the results of operations and cash flows for the respective interim periods. The results for interim periods are not necessarily indicative of trends or results expected for a full year.

 

During the second quarter of 2017, the Company began classifying software in development as an intangible asset rather than property, plant and equipment, to be consistent with its classification of software assets in service. Accordingly, approximately $0.5 million of software in development at December 31, 2016 was reclassified to intangible assets from property, plant and equipment on the condensed consolidated balance sheet to conform to the current period presentation. This reclassification had no effect on the Company’s reported results of operations, comprehensive income, or cash flows.

 

Use of Management Estimates

 

The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods.

 

Marketable Securities

 

For the nine months ended September 30, 2016, the Company’s marketable securities were comprised of investments in the common stock of a publicly traded company. Changes in fair value, based on the market price of the investee’s stock, were recognized in other income in the condensed consolidated statement of operations. The Company used the fair value option to account for the investment to more appropriately recognize the value of this investment in our condensed consolidated financial statements since the Company did not exert significant influence over the investment, in which case the equity method of accounting would have been applied. None of the Company’s investments were classified as marketable securities or accounted for using the fair value option during the nine months ended September 30, 2017.

 

Equity Method Investments

 

We apply the equity method of accounting to investments when we have significant influence, but not controlling interest in the investee. Judgment regarding the level of influence over each equity method investment includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company’s proportionate share of the net (loss) income resulting from these investments is reported under the line item captioned “equity method investment (loss) income” in our condensed consolidated statements of operations. The carrying value of our equity method investments is reported in equity method investments in the condensed consolidated balance sheets. The Company’s equity method investments are reported initially at cost and adjusted each period for the Company’s share of the investee’s income or loss and dividend paid, if any. The Company’s share of the investee’s income or loss is recorded on a one quarter lag for all equity method investments. The Company classifies distributions received from equity method investments using the cumulative earnings approach on the condensed consolidated statements of cash flows. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. The Company did not record any impairments related to its investments during the three and nine month periods ended September 30, 2017 or 2016. Note 5 contains additional information on our equity method investments, which are held by the Company’s Cinema segment.

 

Fair Value of Financial Instruments

 

Assets and liabilities measured at fair value are categorized into a fair value hierarchy based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:

 

  Level 1 - inputs to the valuation techniques are quoted prices in active markets for identical assets or liabilities
  Level 2 - inputs to the valuation techniques are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly
  Level 3 - inputs to the valuation techniques are unobservable for the assets or liabilities

 

The following tables present the Company’s financial assets measured at fair value based upon the level within the fair value hierarchy in which the fair value measurements fall, as of September 30, 2017 and December 31, 2016.

 

Fair values measured on a recurring basis at September 30, 2017 (in thousands):

 

    Level 1     Level 2     Level 3     Total  
Cash and cash equivalents   $ 4,049     $     $     $ 4,049  
Notes receivable     -             1,669     $ 1,669  
Total   $ 4,049     $     $ 1,669     $ 5,718  

 

Fair values measured on a recurring basis at December 31, 2016 (in thousands):

 

    Level 1     Level 2     Level 3     Total  
Cash and cash equivalents   $ 7,596     $     $     $ 7,596  
Notes receivable     -             1,669     $ 1,669  
Total   $ 7,596     $     $ 1,669     $ 9,265  

 

Quantitative information about the Company’s level 3 fair value measurements at September 30, 2017 is set forth below:

 

   

Fair value at 9/30/17

(in thousands)

    Valuation technique   Unobservable input   Range  
Notes receivable   $ 1,669     Discounted cash flow   Probability of default     50 %
                Discount rate     18 %

 

The notes receivable are recorded at estimated fair value at September 30, 2017.

 

The significant unobservable inputs used in the fair value measurement of the Company’s notes receivable are discount rate and probability of default. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. There were no changes in the fair value of the Company’s notes receivable recorded during the three and nine months ended September 30, 2017 or 2016.

 

The Company’s short-term and long-term debt is recorded at historical cost. As of September 30, 2017, the Company’s long-term debt, including current maturities, had a carrying value of $1.95 million. Based on discounted cash flows using current quoted interest rates (Level 2 of the fair value hierarchy), the estimated fair value at September 30, 2017 was $1.96 million.

 

The carrying values of other financial assets and liabilities, including accounts receivable, accounts payable, accrued expenses and short-term debt, reported in the condensed consolidated balance sheets equal or approximate their fair values due to the short-term nature of these instruments. Note 5 includes fair value information related to our equity method investments. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which includes non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). During the nine months ended September 30, 2017, the Company did not have any significant non-recurring measurements of non-financial assets or liabilities.

 

Recently Issued Accounting Pronouncements

 

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606)”. ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The guidance is effective for the Company beginning January 1, 2018. An entity may adopt this ASU either retrospectively or through a cumulative effect adjustment (modified retrospective method) as of the start of the first period for which it applies the ASU. The Company has obtained an understanding of ASU 2014-09 and has been analyzing the impact of the new standard on its financial results. The Company has completed a high-level assessment of the performance obligations within its contracts for its major products and services and is assessing potential impacts to its internal processes, control environment and disclosures. The Company expects to adopt this ASU using the modified retrospective method as of January 1, 2018. While the Company has not yet quantified the impact that the adoption of ASU 2014-09 will have on the consolidated financial statements, the Company is continuing to evaluate the impact of the new standard on our financial results and other possible impacts. The Company will continue to provide enhanced disclosures as we complete our assessment.

 

In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory”. ASU 2015-11 requires an entity utilizing the first in-first out inventory method to change their measurement principle for inventory changes from the lower of cost or market to lower of cost or net realizable value. The Company prospectively adopted the guidance effective January 1, 2017. The adoption of ASU 2015-11 did not have a material effect on the Company’s consolidated financial statements.

 

In January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. ASU 2016-01 requires equity investments that do not result in consolidation and are not accounted under the equity method to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements; clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets; and modifies certain fair value disclosure requirements. ASU 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is not permitted. The adoption of ASU 2016-01 is not expected to have a material effect on the Company’s consolidated financial statements.

 

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. ASU 2016-02 requires lessees to recognize a lease liability and a right-to-use asset for all leases, including operating leases with a term greater than twelve months, on its balance sheet. This ASU is effective in fiscal years beginning after December 15, 2018, with early adoption permitted, and requires a modified retrospective transition method. The Company is evaluating the requirements of ASU 2016-02 and its potential impact on the Company’s financial statements. The Company has leases primarily for property and equipment and is in the process of identifying and evaluating these leases for purposes of ASU 2016-02. For each of these leases, the term will be evaluated, including extension and renewal options as well as the lease payments. While the Company has not yet quantified the impact that the adoption of ASU 2016-02 will have on its consolidated financial statements, the Company expects to record assets and liabilities on its balance sheet upon adoption of this standard, which may be material. The Company will continue to provide enhanced disclosures as it continues its assessment.

 

In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. ASU 2016-09 simplifies accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, and certain classifications on the statement of cash flows. The Company adopted the guidance effective January 1, 2017 on a prospective basis. Additionally, as required by ASU 2016-09, when calculating diluted earnings per share, excess tax benefits were excluded from the calculation of assumed proceeds since such amounts are recognized in the income statement. The Company applied the cash flow presentation requirements prospectively, and the 2016 statement of cash flows was not adjusted. ASU 2016-09 also allows an entity to elect as an accounting policy either to estimate the total number of awards for which the requisite service period will not be rendered or to account for forfeitures for service-based awards as they occur. The Company has elected to account for forfeitures as they occur.

 

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU will require the measurement of all expected credit losses for financial assets, including trade receivables, held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The guidance is effective for annual reporting periods beginning after December 15, 2019 and interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position.

 

In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which eliminates the diversity in practice related to eight cash flow classification issues. The Company adopted this ASU in the first quarter of 2017 on a prospective basis. Adoption affected the classification of dividends received from equity method investees on the statement of cash flows, but did not have any other impact.

 

In January 2017, the FASB issued ASU 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The new guidance eliminates Step 2 of the goodwill impairment testing which requires the fair value of individual assets and liabilities of a reporting unit to be determined when measuring goodwill impairment. The new guidance may result in different amounts of impairment that could be recognized compared to existing guidance. In addition, failing step 1 of the impairment test, where the carrying value of a reporting unit is compared to its fair value, may not result in impairment under existing guidance. However, under the revised guidance, failing step 1 will always result in a goodwill impairment. ASU 2017-04 is to be applied prospectively for goodwill impairment testing performed in years beginning after December 15, 2019. The Company does not believe the adoption will significantly impact the Company’s results of operations or financial position.

 

In May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting.” The new guidance describes the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. The guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
(Loss) Earnings Per Common Share
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
(Loss) Earnings Per Common Share

4. (Loss) Earnings Per Common Share

 

Basic (loss) earnings per share has been computed on the basis of the weighted average number of shares of common stock outstanding. Diluted (loss) earnings per share has been computed on the basis of the weighted average number of shares of common stock outstanding after giving effect to potential common shares from dilutive stock options and certain non-vested shares of restricted stock. The following table provides the reconciliation between average shares used to compute basic and diluted (loss) earnings per share:

 

    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2017     2016     2017     2016  
Weighted average shares outstanding (in thousands):                        
Basic weighted average shares outstanding     14,310       14,249       14,279       14,225  
Dilutive effect of stock options and certain non-vested shares of restricted stock                       86  
Diluted weighted average shares outstanding     14,310       14,249       14,279       14,311  

 

For each of the three and nine month periods ended September 30, 2017, options to purchase 470,000 shares of common stock were outstanding but were not included in the computation of diluted loss per share as the option’s exercise price was greater than the average market price of the common shares for each period. An additional 115,754 and 154,161 common stock equivalents related to options and restricted stock awards were excluded for the three and nine months ended September 30, 2017, respectively, as their inclusion would be anti-dilutive, thereby decreasing the net losses per share. For the three and nine month periods ended September 30, 2016, options to purchase 350,000 and 363,700 shares of common stock, respectively, were outstanding but were not included in the computation of diluted earnings per share as the option’s exercise price was greater than the average market price of the common shares for the respective periods. An additional 65,937 and 85,618 common stock equivalents related to options and restricted stock awards were excluded from the calculation of diluted net loss per share for the three and nine months ended September 30, 2016, respectively, as their inclusion would be anti-dilutive, thereby decreasing the net losses per share.

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity Method Investments
9 Months Ended
Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments

5. Equity Method Investments

 

The following summarizes our equity method investments:

 

    September 30, 2017     December 31, 2016  
    (dollars in thousands)  
Entity   Carrying Amount     Economic Interest     Carrying Amount     Economic Interest  
RELM Wireless Corporation   $ 4,448       8.3 %   $ 4,382       8.3 %
Itasca Capital, Ltd.     5,097       32.3 %     3,368       32.3 %
1347 Property Insurance Holdings, Inc.     8,099       17.4 %     5,348       12.1 %
Total   $ 17,644             $ 13,098          

  

The following summarizes the (loss) income of equity method investees reflected in the Statement of Operations (in thousands):

 

    Three Months Ended September 30,     Nine Months Ended
September 30,
 
Entity   2017     2016     2017     2016  
RELM Wireless Corporation   $ 109     $ 114     $ 12     $ 155  
Itasca Capital, Ltd.     (1,023 )     (85 )     1,289       (85 )
1347 Property Insurance Holdings, Inc.     161             215        
Total   $ (753 )   $ 29     $ 1,516     $ 70  

 

RELM Wireless Corporation (“RELM”) is a publicly traded company that designs, manufactures and markets two-way land mobile radios, repeaters, base stations and related components and subsystems. The Company’s Chief Executive Officer is chairman of the board of directors of RELM, and controls entities that, when combined with the Company’s ownership in RELM, own greater than 20% of RELM, providing the Company with significant influence over RELM, but not controlling interest. The Company received dividends of $0.2 million and $0 for the nine month periods ended September 30, 2017 and 2016, respectively. Based on quoted market prices, the market value of the Company’s ownership in RELM was $4.1 million at September 30, 2017.

 

Itasca Capital, Ltd. (“Itasca”) is a publicly traded Canadian company that is an investment vehicle seeking transformative strategic investments. The Company’s Chief Executive Officer is a member of the board of directors of Itasca. This board seat, combined with the Company’s 32.3% ownership of Itasca, provide the Company with significant influence over Itasca, but not controlling interest. The Company did not receive dividends from Itasca during the nine month periods ended September 30, 2017 or 2016. Based on quoted market prices, the market value of the Company’s ownership in Itasca was $3.9 million at September 30, 2017.

 

As of December 31, 2016, the Company owned 12.1% of 1347 Property Insurance Holdings, Inc. (“PIH”) and purchased shares increasing its ownership to 17.4% during the nine months ended September 30, 2017 for an additional $2.5 million. PIH is a publicly traded company that provides property and casualty insurance in the States of Louisiana, Texas and Florida. The Company’s Chief Executive Officer was named to the board of directors of PIH in December 2016. This board seat and the Chief Executive Officer’s control of other entities that own shares of PIH, combined with the Company’s 17.4% ownership of PIH, provide the Company with significant influence over PIH, but not controlling interest. The Company did not receive dividends from PIH during the nine month periods ended September 30, 2017 or 2016. Based on quoted market prices, the market value of the Company’s ownership in PIH was $8.0 million at September 30, 2017.

 

As of September 30, 2017, our retained earnings included undistributed earnings from our equity method investees of $1.2 million.

 

The summarized financial information presented below reflects the financial information of the Company’s significant equity method investee, Itasca, for the nine months ended June 30, 2017, consistent with the Company’s recognition of the results of its equity method investments on a one-quarter lag. The summarized financial information is presented only for the periods when the Company owned its investment.

 

For the nine months ended June 30,   2017  
    (in thousands)  
Revenue   $  
Gross profit   $  
Operating loss from continuing operations   $ (172 )
Net income   $ 4,253 (1)

 

(1) Net income primarily related to unrealized gains on investments.

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

6. Intangible Assets

 

Intangible assets consisted of the following at September 30, 2017:

 

    Useful life     Gross     Accumulated Amortization     Net  
    (Years)           (In thousands)        
Intangible assets not yet subject to amortization:                                
Software in development           $ 1,633     $     $ 1,633  
Intangible assets subject to amortization:                                
Software in service     5       2,621       (430 )     2,191  
Product formulation     10       489       (340 )     149  
Total           $ 4,743     $ (770 )   $ 3,973  

 

Intangible assets consisted of the following at December 31, 2016:

 

    Useful life     Gross     Accumulated Amortization     Net  
    (Years)           (In thousands)        
Intangible assets not yet subject to amortization:                                
Software in development           $ 508     $     $ 508  
Intangible assets subject to amortization:                                
Software in service     5       1,764       (93 )     1,671  
Product formulation     10       454       (276 )     178  
Total           $ 2,726     $ (369 )   $ 2,357  

 

Amortization expense relating to intangible assets was $0.4 million and insignificant, respectively, for the nine months ended September 30, 2017 and 2016.

 

The following table shows the Company’s estimated future amortization expense related to intangible assets currently subject to amortization for the next five years.

 

    Amount  
    (in thousands)  
Remainder 2017   $ 150  
2018     589  
2019     577  
2020     568  
2021     431  
Thereafter     25  
Total   $ 2,340  

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Goodwill
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

7. Goodwill

 

The following represents a summary of changes in the Company’s carrying amount of goodwill for the nine months ended September 30, 2017 (in thousands):

 

Balance as of December 31, 2016   $ 889  
Foreign currency translation     68  
Balance as of September 30, 2017   $ 957  

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Warranty Reserves
9 Months Ended
Sep. 30, 2017
Guarantees and Product Warranties [Abstract]  
Warranty Reserves

8. Warranty Reserves

 

In most instances, the Company’s digital projection products are covered by the manufacturing firm’s original warranty; however, for certain customers the Company may grant warranties in excess of the manufacturer’s warranty for digital products. In addition, the Company provides warranty coverage on screens it manufactures. The Company accrues for these costs at the time of sale. The following table summarizes warranty activity for the three and nine months ended September 30, 2017 and 2016:

 

    Three Months Ended September 30,     Nine Months Ended September 30,  
    2017     2016     2017     2016  
    (in thousands)  
Warranty accrual at beginning of period   $ 457     $ 380     $ 645     $ 310  
Charged to expense     162       430       337       778  
Claims paid, net of recoveries     (38 )     (194 )     (410 )     (475 )
Foreign currency adjustment     3       1       12       4  
Warranty accrual at end of period   $ 584     $ 617     $ 584     $ 617  

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Debt

9. Debt

 

The Company’s long-term debt consists of the following (in thousands):

 

    September 30, 2017     December 31, 2016  
$2 million term loan   $ 1,983     $  
Less: current portion     (64 )      
Less: unamortized debt issuance costs     (35 )      
Long-term debt   $ 1,884     $  

 

On April 27, 2017, the Company entered into a debt agreement with a bank consisting of 1) a $2 million five-year term loan secured by a first lien deed of trust on the Company’s Alpharetta, GA facility, bearing interest at a fixed rate of 4.5% and payable in equal monthly installments of principal and interest calculated based on a 20-year amortization schedule with a final balloon payment of approximately $1.7 million due on May 10, 2022 and 2) a line of credit of up to $1 million secured by a second lien deed of trust on the Company’s Alpharetta, GA facility, bearing interest at the Prime Rate published in the Wall Street Journal plus 0.25% and with a term ending May 10, 2018. The debt agreement requires the Company to maintain a ratio of total liabilities to tangible net worth not in excess of 3:1 and maintain minimum liquidity of $2 million. The Company was in compliance with its debt covenants as of September 30, 2017. The Company had outstanding borrowings on the line of credit as of September 30, 2017 of $0.5 million, which is classified as short-term debt on the condensed consolidated balance sheet. The Company’s Chairman and Chief Executive Officer is also a member of the bank’s board of directors.

 

On September 5, 2017, the Company’s Canadian subsidiary, Strong/MDI, entered into a demand credit agreement with a bank consisting of a revolving line of credit for up to CDN$3.5 million (approximately USD$2.8 million) subject to a borrowing base requirement, a 20-year installment loan for up to CDN$6.0 million (approximately USD$4.8 million) and a 5-year installment loan for up to CDN$500,000 (approximately USD$400,000). Amounts outstanding under the line of credit are payable on demand and will bear interest at the prime rate established by the lender. Amounts outstanding under the installment loans will bear interest at the prime rate plus 0.5% and are payable in monthly installments, including interest, over their respective borrowing periods. The lender may also demand repayment of the installment loans at any time. The Strong/MDI credit facilities are secured by a lien on Strong/MDI’s Quebec, Canada facility and substantially all of Strong/MDI’s assets. The credit agreement requires Strong/MDI to maintain a ratio of liabilities to “effective equity” (tangible stockholders’ equity, less amounts receivable from affiliates and equity method investments) not exceeding 2 to 1, a current ratio (excluding amounts due from related parties) of at least 1.5 to 1 and minimum “effective equity” of CDN$8.0 million (approximately USD$6.4 million). There were no borrowings outstanding at September 30, 2017 on any of the Strong/MDI credit facilities, as Strong/MDI had not yet drawn on the facilities. Strong/MDI was in compliance with its debt covenants as of September 30, 2017.

 

Scheduled repayments are as follows for the Company’s long-term debt outstanding as of September 30, 2017 (in thousands):

 

Remainder of 2017   $ 16  
2018     65  
2019     68  
2020     70  
2021     74  
Thereafter     1,690  
Total   $ 1,983  

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes
9 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]  
Income Taxes

10. Income Taxes

 

In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. The Company considers the scheduled reversal of taxable temporary differences, projected future taxable income and tax planning strategies in making this assessment. A cumulative loss in a particular tax jurisdiction in recent years is a significant piece of evidence with respect to the realizability that is difficult to overcome. Based on the available objective evidence, including recent updates to the taxing jurisdictions generating income, the Company concluded that a valuation allowance should be recorded against all of the Company’s U.S. tax jurisdiction deferred tax assets as of September 30, 2017 and December 31, 2016.

 

The Company is subject to examination for Federal purposes for fiscal years 2014, 2015 and 2016. In most cases, the Company is subject to examinations by state or local jurisdictions based on the particular jurisdiction’s statute of limitations.

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock Compensation
9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Compensation

11. Stock Compensation

 

The Company recognizes compensation expense for all stock-based payment awards made to employees and directors based on their estimated grant date fair values. Stock-based compensation expense included in selling and administrative expenses approximated $0.2 million and $0.1 million for the three months ended September 30, 2017 and 2016, respectively, and $0.5 million and $0.4 million, respectively, for the nine months ended September 30, 2017 and 2016, respectively.

 

Equity Compensation Plans

 

The Company’s 2010 Long-Term Incentive Plan (“2010 Plan”) provided the Compensation Committee of the Board of Directors with the discretion to grant stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares and performance units. Vesting terms varied with each grant and could be subject to vesting upon a “change in control” of the Company.

 

The Ballantyne Strong, Inc. 2014 Non-Employee Directors’ Restricted Stock Plan (the “2014 Non-Employee Plan”) provided for the award of restricted shares to outside directors. Shares issued under the 2014 Non-Employee Plan vested the day preceding the Company’s Annual Meeting of Stockholders in the year following issuance. The 2010 Plan and the 2014 Non-Employee Plan were replaced during the second quarter of 2017 by the 2017 Omnibus Equity Compensation Plan (“2017 Plan”), and therefore, no additional awards will be granted under the 2010 Plan or the 2014 Non-Employee Plan.

 

The 2017 Plan was approved by the Company’s shareholders at the annual meeting on June 15, 2017, and provides the Compensation Committee of the Board of Directors with the discretion to grant stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares, performance units and other share-based awards and cash-based awards. Vesting terms vary with each grant and may be subject to vesting upon a “change in control” of the Company. The total number of shares reserved for issuance under the 2017 Plan is 1,371,189 shares.

 

Options

 

The Company granted a total of 435,000 and 100,000 options during the nine month periods ended September 30, 2017 and 2016, respectively. Options to purchase shares of common stock were granted with exercise prices equal to the fair value of the common stock on the date of grant.

 

The weighted average grant date fair value of stock options granted during the nine month periods ended September 30, 2017 and 2016 was $2.42 and $1.42, respectively. The fair value of each stock option granted was estimated on the date of grant using a Black-Scholes valuation model with the following weighted average assumptions:

    2017     2016  
Expected dividend yield at date of grant     0.00 %     0.00 %
Risk-free interest rate     1.99 %     1.35 %
Expected stock price volatility     34.85 %     32.26 %
Expected life of options (in years)     6.0       5.7  

 

The risk-free interest rate assumptions were based on the U.S. Treasury yield curve in effect at the time of the grant. During 2017, the expected volatility was based on historical daily price changes of the Company’s stock for six years prior to the date of grant. During 2016, the Company used a one year period to calculate volatility, but updated this assumption in the current year to align the expected volatility with the expected life of the options. The expected life of options is the average number of years the Company estimates that options will be outstanding.

 

The following table summarizes stock option activity for the nine months ended September 30, 2017:

 

    Number of Options     Weighted Average Exercise Price Per Share     Weighted Average Remaining Contractual Term     Aggregate Intrinsic Value (in thousands)  
Outstanding at December 31, 2016     545,300     $ 4.78       9.68     $ 1,757  
Granted     435,000       6.53                  
Exercised     (15,000 )     4.70                  
Forfeited     (33,000 )     6.09                  
Expired     (2,000 )     4.33                  
Outstanding at September 30, 2017     930,300     $ 5.63       8.99     $ 759  
Exercisable at September 30, 2017     145,300     $ 4.31       8.08     $ 260  

 

The aggregate intrinsic value in the table above represents the total that would have been received by the option holders if all in-the-money options had been exercised and sold on September 30, 2017.

 

As of September 30, 2017, 785,000 stock option awards were non-vested. Unrecognized compensation cost related to stock option awards was approximately $1.5 million, which is expected to be recognized over a weighted average period of 4.1 years.

 

Restricted Stock

 

The Company estimates the fair value of restricted stock awards based upon the market price of the underlying common stock on the date of grant. As of September 30, 2017, the total unrecognized compensation cost related to non-vested restricted stock awards was approximately $0.6 million, which is expected to be recognized over a weighted average period of 1.9 years.

 

The following table summarizes restricted share activity for the nine months ended September 30, 2017:

 

    Number of Restricted Stock Shares     Weighted Average Grant Price Fair Value  
Non-vested at December 31, 2016     58,295     $ 4.77  
Granted     85,000       6.50  
Shares vested     (43,295 )     4.92  
Shares forfeited     -       4.21  
Non-vested at September 30, 2017     100,000     $ 6.17  

 

The following table summarizes restricted stock unit activity for the nine months ended September 30, 2017:

 

    Number of Restricted Stock Units     Weighted Average Grant Price Fair Value  
Non-vested at December 31, 2016     13,750     $ 4.24  
Granted     30,835       6.81  
Shares vested     (6,875 )     4.24  
Shares forfeited     (1,875 )     4.21  
Non-vested at September 30, 2017     35,835     $ 6.45  

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments, Contingencies and Concentrations
9 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments, Contingencies and Concentrations

12. Commitments, Contingencies and Concentrations

 

Litigation

 

In the ordinary course of business operations, we are involved, from time to time, in certain legal disputes. No such disputes, individually or in the aggregate, are expected to have a material effect on our business or financial condition.

 

Concentrations

 

The Company’s top ten customers accounted for approximately 53.7% and 50.1% of total consolidated net revenues for the three and nine months ended September 30, 2017, respectively. Trade accounts receivable from these customers represented approximately 41.2% of net consolidated receivables at September 30, 2017. While the Company believes its relationships with such customers are stable, most arrangements are made by purchase order and are terminable at will by either party. A significant decrease or interruption in business from the Company’s significant customers could have a material adverse effect on the Company’s business, financial condition and results of operations. The Company could also be adversely affected by such factors as changes in foreign currency rates and weak economic and political conditions in each of the countries in which the Company sells its products.

 

Financial instruments that potentially expose the Company to a concentration of credit risk principally consist of accounts receivable. The Company sells product to a large number of customers in many different geographic regions. To minimize credit concentration risk, the Company performs ongoing credit evaluations of its customers’ financial condition.

 

Leases

 

The Company and its subsidiaries lease plant and office facilities, furniture, autos and equipment under operating leases expiring through 2022. These leases generally contain renewal options and the Company expects to renew or replace certain of these leases in the ordinary course of business.

 

The Company’s future minimum lease payments for leases at September 30, 2017 are as follows:

 

    Capital Leases     Operating Leases  
    (in thousands)  
Remainder 2017   $ 66     $ 301  
2018     251       1,759  
2019     116       1,735  
2020     -       1,507  
2021     -       1,378  
Thereafter     -       1,066  
Total minimum lease payments   $ 433     $ 7,746  
Less: Amount representing interest     (19 )        
Present value of minimum lease payments     414          
Less: Current maturities     (240 )        
Capital lease obligations, net of current portion   $ 174          

XML 30 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment Information
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Business Segment Information

13. Business Segment Information

 

As of September 30, 2017, the Company’s operations were conducted principally through two business segments: Cinema and Digital Media. Cinema operations include the sale of digital projection equipment, screens and sound systems. Digital Media operations include the delivery of end to end digital signage solutions, video communication solutions, content creation and management and service of digital signage and digital cinema equipment. The Company allocates resources to business segments and evaluates the performance of these segments based upon reported segment operating profit. The Company records intersegment sales at cost and has eliminated all significant intersegment sales in consolidation. The results of discontinued operations are excluded from the Cinema segment information below.

 

Summary by Business Segments

 

 

    Three Months Ended September 30,     Nine Months Ended
September 30,
 
(In thousands)   2017     2016     2017     2016  
    (in thousands)  
Net revenue                                
Cinema   $ 8,681     $ 11,070     $ 27,606     $ 32,085  
Digital Media     11,087       7,911       29,518       25,411  
Other     13             22        
Total segment net revenue     19,781       18,981       57,146       57,496  
Eliminations     (222 )     (313 )     (261 )     (1,156 )
Total net revenue   $ 19,559     $ 18,668     $ 56,885     $ 56,340  
                                 
Operating income (loss)                                
Cinema   $ 2,438     $ 2,205     $ 6,704     $ 8,318  
Digital Media     505       (61 )     (205 )     884  
Other     (98 )           (289 )      
Total segment operating income     2,845       2,144       6,210       9,202  
Unallocated general and administrative expenses     (2,297 )     (1,887 )     (7,090 )     (5,869 )
Other (expense) income                                
Interest, net     (51 )     18       (66 )     18  
Cinema - foreign currency transaction (loss) gain     (216 )     82       (438 )     (958 )
Digital Media - foreign currency transaction (loss) gain     (90 )     (59 )     28       (24 )
Cinema - excess distribution from joint venture     -                   502  
Cinema - other     (35 )     (5 )     (24 )     45  
Digital Media - other           (2 )           (9 )
Change in value of marketable securities - Corporate asset           (34 )           (400 )
Total other expense     (392 )           (500 )     (826 )
Earnings (loss) before income taxes and equity method investment (loss) income   $ 156     $ 257     $ (1,380 )   $ 2,507  

 

(In thousands)   September 30, 2017     December 31, 2016  
Identifiable assets, excluding assets held for sale                
Cinema   $ 26,117     $ 29,881  
Digital Media     20,637       19,272  
Corporate Assets     17,644       13,098  
Total   $ 64,398     $ 62,251  

 

Summary by Geographical Area

 

    Three Months Ended September 30,     Nine Months Ended September 30,  
(In thousands)   2017     2016     2017     2016  
Net revenue                                
United States   $ 15,349     $ 14,643     $ 44,648     $ 44,184  
China     1,646       1,518       4,543       4,316  
Latin America     461       377       1,263       1,352  
Canada     1,365       1,399       4,372       3,676  
Mexico     425       472       1,164       1,816  
Europe     250       196       427       788  
Asia (excluding China)     -       45       216       70  
Other     63       18       252       138  
Total   $ 19,559     $ 18,668     $ 56,885     $ 56,340  

 

(In thousands)   September 30, 2017     December 31, 2016  
Identifiable assets, excluding assets held for sale                
United States   $ 42,815     $ 40,255  
Canada     21,583       21,996  
Total   $ 64,398     $ 62,251  

 

Net revenues by business segment are to unaffiliated customers. Identifiable assets by geographical area are based on location of facilities. Net sales by geographical area are based on destination of sales.

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies (Policies)
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Basis of Presentation and Principles of Consolidation

Basis of Presentation and Principles of Consolidation

 

The condensed consolidated financial statements include the accounts of the Company and all majority owned and controlled domestic and foreign subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

 

The condensed consolidated financial statements included in this report are presented in accordance with the requirements of Form 10-Q and consequently do not include all of the disclosures normally required by accounting principles generally accepted in the United States of America for annual reporting purposes or those made in the Company’s Annual Report on Form 10-K/A. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2016.

 

The condensed consolidated balance sheet as of December 31, 2016 was derived from the Company’s audited consolidated balance sheet as of that date. All other condensed consolidated financial statements contained herein are unaudited and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary to present a fair statement of the financial position and the results of operations and cash flows for the respective interim periods. The results for interim periods are not necessarily indicative of trends or results expected for a full year.

 

During the second quarter of 2017, the Company began classifying software in development as an intangible asset rather than property, plant and equipment, to be consistent with its classification of software assets in service. Accordingly, approximately $0.5 million of software in development at December 31, 2016 was reclassified to intangible assets from property, plant and equipment on the condensed consolidated balance sheet to conform to the current period presentation. This reclassification had no effect on the Company’s reported results of operations, comprehensive income, or cash flows.

Use of Management Estimates

Use of Management Estimates

 

The preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods.

Marketable Securities

Marketable Securities

 

For the nine months ended September 30, 2016, the Company’s marketable securities were comprised of investments in the common stock of a publicly traded company. Changes in fair value, based on the market price of the investee’s stock, were recognized in other income in the condensed consolidated statement of operations. The Company used the fair value option to account for the investment to more appropriately recognize the value of this investment in our condensed consolidated financial statements since the Company did not exert significant influence over the investment, in which case the equity method of accounting would have been applied. None of the Company’s investments were classified as marketable securities or accounted for using the fair value option during the nine months ended September 30, 2017.

Equity Method Investments

Equity Method Investments

 

We apply the equity method of accounting to investments when we have significant influence, but not controlling interest in the investee. Judgment regarding the level of influence over each equity method investment includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company’s proportionate share of the net (loss) income resulting from these investments is reported under the line item captioned “equity method investment (loss) income” in our condensed consolidated statements of operations. The carrying value of our equity method investments is reported in equity method investments in the condensed consolidated balance sheets. The Company’s equity method investments are reported initially at cost and adjusted each period for the Company’s share of the investee’s income or loss and dividend paid, if any. The Company’s share of the investee’s income or loss is recorded on a one quarter lag for all equity method investments. The Company classifies distributions received from equity method investments using the cumulative earnings approach on the condensed consolidated statements of cash flows. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. The Company did not record any impairments related to its investments during the three and nine month periods ended September 30, 2017 or 2016. Note 5 contains additional information on our equity method investments, which are held by the Company’s Cinema segment.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

Assets and liabilities measured at fair value are categorized into a fair value hierarchy based upon the observability of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:

 

  Level 1 - inputs to the valuation techniques are quoted prices in active markets for identical assets or liabilities
  Level 2 - inputs to the valuation techniques are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly
  Level 3 - inputs to the valuation techniques are unobservable for the assets or liabilities

 

The following tables present the Company’s financial assets measured at fair value based upon the level within the fair value hierarchy in which the fair value measurements fall, as of September 30, 2017 and December 31, 2016.

 

Fair values measured on a recurring basis at September 30, 2017 (in thousands):

 

    Level 1     Level 2     Level 3     Total  
Cash and cash equivalents   $ 4,049     $     $     $ 4,049  
Notes receivable     -             1,669     $ 1,669  
Total   $ 4,049     $     $ 1,669     $ 5,718  

 

Fair values measured on a recurring basis at December 31, 2016 (in thousands):

 

    Level 1     Level 2     Level 3     Total  
Cash and cash equivalents   $ 7,596     $     $     $ 7,596  
Notes receivable     -             1,669     $ 1,669  
Total   $ 7,596     $     $ 1,669     $ 9,265  

 

Quantitative information about the Company’s level 3 fair value measurements at September 30, 2017 is set forth below:

 

   

Fair value at 9/30/17

(in thousands)

    Valuation technique   Unobservable input   Range  
Notes receivable   $ 1,669     Discounted cash flow   Probability of default     50 %
                Discount rate     18 %

 

The notes receivable are recorded at estimated fair value at September 30, 2017.

 

The significant unobservable inputs used in the fair value measurement of the Company’s notes receivable are discount rate and probability of default. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. There were no changes in the fair value of the Company’s notes receivable recorded during the three and nine months ended September 30, 2017 or 2016.

 

The Company’s short-term and long-term debt is recorded at historical cost. As of September 30, 2017, the Company’s long-term debt, including current maturities, had a carrying value of $1.95 million. Based on discounted cash flows using current quoted interest rates (Level 2 of the fair value hierarchy), the estimated fair value at September 30, 2017 was $1.96 million.

 

The carrying values of other financial assets and liabilities, including accounts receivable, accounts payable, accrued expenses and short-term debt, reported in the condensed consolidated balance sheets equal or approximate their fair values due to the short-term nature of these instruments. Note 5 includes fair value information related to our equity method investments. All non-financial assets that are not recognized or disclosed at fair value in the financial statements on a recurring basis, which includes non-financial long-lived assets, are measured at fair value in certain circumstances (for example, when there is evidence of impairment). During the nine months ended September 30, 2017, the Company did not have any significant non-recurring measurements of non-financial assets or liabilities.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

 

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606)”. ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The guidance is effective for the Company beginning January 1, 2018. An entity may adopt this ASU either retrospectively or through a cumulative effect adjustment (modified retrospective method) as of the start of the first period for which it applies the ASU. The Company has obtained an understanding of ASU 2014-09 and has been analyzing the impact of the new standard on its financial results. The Company has completed a high-level assessment of the performance obligations within its contracts for its major products and services and is assessing potential impacts to its internal processes, control environment and disclosures. The Company expects to adopt this ASU using the modified retrospective method as of January 1, 2018. While the Company has not yet quantified the impact that the adoption of ASU 2014-09 will have on the consolidated financial statements, the Company is continuing to evaluate the impact of the new standard on our financial results and other possible impacts. The Company will continue to provide enhanced disclosures as we complete our assessment.

 

In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory”. ASU 2015-11 requires an entity utilizing the first in-first out inventory method to change their measurement principle for inventory changes from the lower of cost or market to lower of cost or net realizable value. The Company prospectively adopted the guidance effective January 1, 2017. The adoption of ASU 2015-11 did not have a material effect on the Company’s consolidated financial statements.

 

In January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. ASU 2016-01 requires equity investments that do not result in consolidation and are not accounted under the equity method to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements; clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets; and modifies certain fair value disclosure requirements. ASU 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is not permitted. The adoption of ASU 2016-01 is not expected to have a material effect on the Company’s consolidated financial statements.

 

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. ASU 2016-02 requires lessees to recognize a lease liability and a right-to-use asset for all leases, including operating leases with a term greater than twelve months, on its balance sheet. This ASU is effective in fiscal years beginning after December 15, 2018, with early adoption permitted, and requires a modified retrospective transition method. The Company is evaluating the requirements of ASU 2016-02 and its potential impact on the Company’s financial statements. The Company has leases primarily for property and equipment and is in the process of identifying and evaluating these leases for purposes of ASU 2016-02. For each of these leases, the term will be evaluated, including extension and renewal options as well as the lease payments. While the Company has not yet quantified the impact that the adoption of ASU 2016-02 will have on its consolidated financial statements, the Company expects to record assets and liabilities on its balance sheet upon adoption of this standard, which may be material. The Company will continue to provide enhanced disclosures as it continues its assessment.

 

In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. ASU 2016-09 simplifies accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, and certain classifications on the statement of cash flows. The Company adopted the guidance effective January 1, 2017 on a prospective basis. Additionally, as required by ASU 2016-09, when calculating diluted earnings per share, excess tax benefits were excluded from the calculation of assumed proceeds since such amounts are recognized in the income statement. The Company applied the cash flow presentation requirements prospectively, and the 2016 statement of cash flows was not adjusted. ASU 2016-09 also allows an entity to elect as an accounting policy either to estimate the total number of awards for which the requisite service period will not be rendered or to account for forfeitures for service-based awards as they occur. The Company has elected to account for forfeitures as they occur.

 

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU will require the measurement of all expected credit losses for financial assets, including trade receivables, held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The guidance is effective for annual reporting periods beginning after December 15, 2019 and interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position.

 

In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which eliminates the diversity in practice related to eight cash flow classification issues. The Company adopted this ASU in the first quarter of 2017 on a prospective basis. Adoption affected the classification of dividends received from equity method investees on the statement of cash flows, but did not have any other impact.

 

In January 2017, the FASB issued ASU 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The new guidance eliminates Step 2 of the goodwill impairment testing which requires the fair value of individual assets and liabilities of a reporting unit to be determined when measuring goodwill impairment. The new guidance may result in different amounts of impairment that could be recognized compared to existing guidance. In addition, failing step 1 of the impairment test, where the carrying value of a reporting unit is compared to its fair value, may not result in impairment under existing guidance. However, under the revised guidance, failing step 1 will always result in a goodwill impairment. ASU 2017-04 is to be applied prospectively for goodwill impairment testing performed in years beginning after December 15, 2019. The Company does not believe the adoption will significantly impact the Company’s results of operations or financial position.

 

In May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting.” The new guidance describes the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. The guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company believes its adoption will not significantly impact the Company’s results of operations and financial position.

XML 32 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Comparative Financial Results of Discontinued Operations

The summary comparative financial results of discontinued operations were as follows (in thousands):

 

    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2017     2016     2017     2016  
Total net revenues   $     $ 583     $ 24     $ 6,440  
Total cost of revenues           436       48       6,227  
Total selling and administrative expenses           157       53       863  
Loss from operations of discontinued operations           (10 )     (77 )     (650 )
Loss before income taxes           (8 )     (49 )     (628 )
Income tax expense           -       -       (114 )
Net loss from discontinued operations, net of tax   $     $ (8 )   $ (49 )   $ (742 )

XML 33 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Schedule of Fair Value Measured Financial Assets and Liabilities

Fair values measured on a recurring basis at September 30, 2017 (in thousands):

 

    Level 1     Level 2     Level 3     Total  
Cash and cash equivalents   $ 4,049     $     $     $ 4,049  
Notes receivable     -             1,669     $ 1,669  
Total   $ 4,049     $     $ 1,669     $ 5,718  

 

Fair values measured on a recurring basis at December 31, 2016 (in thousands):

 

    Level 1     Level 2     Level 3     Total  
Cash and cash equivalents   $ 7,596     $     $     $ 7,596  
Notes receivable     -             1,669     $ 1,669  
Total   $ 7,596     $     $ 1,669     $ 9,265  

Summary of Quantitative Information About Company's Level 3 Fair Value Measurements

Quantitative information about the Company’s level 3 fair value measurements at September 30, 2017 is set forth below:

 

   

Fair value at 9/30/17

(in thousands)

    Valuation technique   Unobservable input   Range  
Notes receivable   $ 1,669     Discounted cash flow   Probability of default     50 %
                Discount rate     18 %

XML 34 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
(Loss) Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Reconciliation Between Basic and Diluted Earnings Per Share

The following table provides the reconciliation between average shares used to compute basic and diluted (loss) earnings per share:

 

    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2017     2016     2017     2016  
Weighted average shares outstanding (in thousands):                        
Basic weighted average shares outstanding     14,310       14,249       14,279       14,225  
Dilutive effect of stock options and certain non-vested shares of restricted stock                       86  
Diluted weighted average shares outstanding     14,310       14,249       14,279       14,311  

XML 35 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity Method Investments (Tables)
9 Months Ended
Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Equity Method Investments

The following summarizes our equity method investments:

 

    September 30, 2017     December 31, 2016  
    (dollars in thousands)  
Entity   Carrying Amount     Economic Interest     Carrying Amount     Economic Interest  
RELM Wireless Corporation   $ 4,448       8.3 %   $ 4,382       8.3 %
Itasca Capital, Ltd.     5,097       32.3 %     3,368       32.3 %
1347 Property Insurance Holdings, Inc.     8,099       17.4 %     5,348       12.1 %
Total   $ 17,644             $ 13,098          

Summary of Income (Loss) of Equity Method Investees

The following summarizes the (loss) income of equity method investees reflected in the Statement of Operations (in thousands):

 

    Three Months Ended September 30,     Nine Months Ended
September 30,
 
Entity   2017     2016     2017     2016  
RELM Wireless Corporation   $ 109     $ 114     $ 12     $ 155  
Itasca Capital, Ltd.     (1,023 )     (85 )     1,289       (85 )
1347 Property Insurance Holdings, Inc.     161             215        
Total   $ (753 )   $ 29     $ 1,516     $ 70  

Summarized Financial Information

The summarized financial information is presented only for the periods when the Company owned its investment.

 

For the nine months ended June 30,   2017  
    (in thousands)  
Revenue   $  
Gross profit   $  
Operating loss from continuing operations   $ (172 )
Net income   $ 4,253 (1)

 

(1) Net income primarily related to unrealized gains on investments.

XML 36 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following at September 30, 2017:

 

    Useful life     Gross     Accumulated Amortization     Net  
    (Years)           (In thousands)        
Intangible assets not yet subject to amortization:                                
Software in development           $ 1,633     $     $ 1,633  
Intangible assets subject to amortization:                                
Software in service     5       2,621       (430 )     2,191  
Product formulation     10       489       (340 )     149  
Total           $ 4,743     $ (770 )   $ 3,973  

 

Intangible assets consisted of the following at December 31, 2016:

 

    Useful life     Gross     Accumulated Amortization     Net  
    (Years)           (In thousands)        
Intangible assets not yet subject to amortization:                                
Software in development           $ 508     $     $ 508  
Intangible assets subject to amortization:                                
Software in service     5       1,764       (93 )     1,671  
Product formulation     10       454       (276 )     178  
Total           $ 2,726     $ (369 )   $ 2,357  

Schedule of Intangible Assets Future Amortization Expense

    Amount  
    (in thousands)  
Remainder 2017   $ 150  
2018     589  
2019     577  
2020     568  
2021     431  
Thereafter     25  
Total   $ 2,340  

XML 37 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Goodwill (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

The following represents a summary of changes in the Company’s carrying amount of goodwill for the nine months ended September 30, 2017 (in thousands):

 

Balance as of December 31, 2016   $ 889  
Foreign currency translation     68  
Balance as of September 30, 2017   $ 957  

XML 38 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Warranty Reserves (Tables)
9 Months Ended
Sep. 30, 2017
Product Warranties Disclosures [Abstract]  
Schedule of Product Warranty Liability

The following table summarizes warranty activity for the three and nine months ended September 30, 2017 and 2016:

 

    Three Months Ended September 30,     Nine Months Ended September 30,  
    2017     2016     2017     2016  
    (in thousands)  
Warranty accrual at beginning of period   $ 457     $ 380     $ 645     $ 310  
Charged to expense     162       430       337       778  
Claims paid, net of recoveries     (38 )     (194 )     (410 )     (475 )
Foreign currency adjustment     3       1       12       4  
Warranty accrual at end of period   $ 584     $ 617     $ 584     $ 617  

XML 39 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

The Company’s long-term debt consists of the following (in thousands):

 

    September 30, 2017     December 31, 2016  
$2 million term loan   $ 1,983     $  
Less: current portion     (64 )      
Less: unamortized debt issuance costs     (35 )      
Long-term debt   $ 1,884     $  

Schedule of Long-term Debt Maturities

Scheduled repayments are as follows for the Company’s long-term debt outstanding as of September 30, 2017 (in thousands):

 

Remainder of 2017   $ 16  
2018     65  
2019     68  
2020     70  
2021     74  
Thereafter     1,690  
Total   $ 1,983  

XML 40 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock Compensation (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Weighted Average Assumptions for Fair Value of Stock Options Granted During the Period

The fair value of each stock option granted was estimated on the date of grant using a Black-Scholes valuation model with the following weighted average assumptions:

    2017     2016  
Expected dividend yield at date of grant     0.00 %     0.00 %
Risk-free interest rate     1.99 %     1.35 %
Expected stock price volatility     34.85 %     32.26 %
Expected life of options (in years)     6.0       5.7  

Summary of Stock Options Activities

The following table summarizes stock option activity for the nine months ended September 30, 2017:

 

    Number of Options     Weighted Average Exercise Price Per Share     Weighted Average Remaining Contractual Term     Aggregate Intrinsic Value (in thousands)  
Outstanding at December 31, 2016     545,300     $ 4.78       9.68     $ 1,757  
Granted     435,000       6.53                  
Exercised     (15,000 )     4.70                  
Forfeited     (33,000 )     6.09                  
Expired     (2,000 )     4.33                  
Outstanding at September 30, 2017     930,300     $ 5.63       8.99     $ 759  
Exercisable at September 30, 2017     145,300     $ 4.31       8.08     $ 260  

Summary of Restricted Stock Activity

The following table summarizes restricted share activity for the nine months ended September 30, 2017:

 

    Number of Restricted Stock Shares     Weighted Average Grant Price Fair Value  
Non-vested at December 31, 2016     58,295     $ 4.77  
Granted     85,000       6.50  
Shares vested     (43,295 )     4.92  
Shares forfeited     -       4.21  
Non-vested at September 30, 2017     100,000     $ 6.17  

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes restricted stock unit activity for the nine months ended September 30, 2017:

 

    Number of Restricted Stock Units     Weighted Average Grant Price Fair Value  
Non-vested at December 31, 2016     13,750     $ 4.24  
Granted     30,835       6.81  
Shares vested     (6,875 )     4.24  
Shares forfeited     (1,875 )     4.21  
Non-vested at September 30, 2017     35,835     $ 6.45  

XML 41 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments, Contingencies and Concentrations (Tables)
9 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Leases Future Minimum Lease Payments

The Company’s future minimum lease payments for leases at September 30, 2017 are as follows:

 

    Capital Leases     Operating Leases  
    (in thousands)  
Remainder 2017   $ 66     $ 301  
2018     251       1,759  
2019     116       1,735  
2020     -       1,507  
2021     -       1,378  
Thereafter     -       1,066  
Total minimum lease payments   $ 433     $ 7,746  
Less: Amount representing interest     (19 )        
Present value of minimum lease payments     414          
Less: Current maturities     (240 )        
Capital lease obligations, net of current portion   $ 174          

XML 42 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information by Segment

    Three Months Ended September 30,     Nine Months Ended
September 30,
 
(In thousands)   2017     2016     2017     2016  
    (in thousands)  
Net revenue                                
Cinema   $ 8,681     $ 11,070     $ 27,606     $ 32,085  
Digital Media     11,087       7,911       29,518       25,411  
Other     13             22        
Total segment net revenue     19,781       18,981       57,146       57,496  
Eliminations     (222 )     (313 )     (261 )     (1,156 )
Total net revenue   $ 19,559     $ 18,668     $ 56,885     $ 56,340  
                                 
Operating income (loss)                                
Cinema   $ 2,438     $ 2,205     $ 6,704     $ 8,318  
Digital Media     505       (61 )     (205 )     884  
Other     (98 )           (289 )      
Total segment operating income     2,845       2,144       6,210       9,202  
Unallocated general and administrative expenses     (2,297 )     (1,887 )     (7,090 )     (5,869 )
Other (expense) income                                
Interest, net     (51 )     18       (66 )     18  
Cinema - foreign currency transaction (loss) gain     (216 )     82       (438 )     (958 )
Digital Media - foreign currency transaction (loss) gain     (90 )     (59 )     28       (24 )
Cinema - excess distribution from joint venture     -                   502  
Cinema - other     (35 )     (5 )     (24 )     45  
Digital Media - other           (2 )           (9 )
Change in value of marketable securities - Corporate asset           (34 )           (400 )
Total other expense     (392 )           (500 )     (826 )
Earnings (loss) before income taxes and equity method investment (loss) income   $ 156     $ 257     $ (1,380 )   $ 2,507  

Reconciliation of Assets from Segment to Consolidated

(In thousands)   September 30, 2017     December 31, 2016  
Identifiable assets, excluding assets held for sale                
Cinema   $ 26,117     $ 29,881  
Digital Media     20,637       19,272  
Corporate Assets     17,644       13,098  
Total   $ 64,398     $ 62,251  

Schedule of Segment Reporting Information by Geographic Area

    Three Months Ended September 30,     Nine Months Ended September 30,  
(In thousands)   2017     2016     2017     2016  
Net revenue                                
United States   $ 15,349     $ 14,643     $ 44,648     $ 44,184  
China     1,646       1,518       4,543       4,316  
Latin America     461       377       1,263       1,352  
Canada     1,365       1,399       4,372       3,676  
Mexico     425       472       1,164       1,816  
Europe     250       196       427       788  
Asia (excluding China)     -       45       216       70  
Other     63       18       252       138  
Total   $ 19,559     $ 18,668     $ 56,885     $ 56,340  

Summary of Identifiable Assets by Geographical Area

(In thousands)   September 30, 2017     December 31, 2016  
Identifiable assets, excluding assets held for sale                
United States   $ 42,815     $ 40,255  
Canada     21,583       21,996  
Total   $ 64,398     $ 62,251  

XML 43 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Discontinued Operations (Details Narrative) - USD ($)
$ in Thousands
May 17, 2017
Nov. 04, 2016
SWBTI [Member]    
Proceeds from sale of subsidiaries   $ 400
Strong Westrex, Inc. [Member]    
Proceeds from sale of subsidiaries $ 100  
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Discontinued Operations - Schedule of Comparative Financial Results of Discontinued Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]        
Total net revenues $ 583 $ 24 $ 6,440
Total cost of revenues 436 48 6,227
Total selling and administrative expenses 157 53 863
Loss from operations of discontinued operations (10) (77) (650)
Loss before income taxes (8) (49) (628)
Income tax expense (114)
Net loss from discontinued operations, net of tax $ (8) $ (49) $ (742)
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies (Details Narrative) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Sep. 30, 2017
Long-term debt $ 1,950
Long-term debt fair value   $ 1,960
Software in Development [Member]    
Amount reclassification made $ 500  
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies - Schedule of Fair Value Measured Financial Assets and Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Cash and cash equivalents $ 4,049 $ 7,596
Notes receivable 1,669 1,669
Total 5,718 9,265
Level 1 [Member]    
Cash and cash equivalents 4,049 7,596
Notes receivable
Total 4,049 7,596
Level 2 [Member]    
Cash and cash equivalents
Notes receivable
Total
Level 3 [Member]    
Cash and cash equivalents
Notes receivable 1,669 1,669
Total $ 1,669 $ 1,669
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies - Summary of Quantitative Information About Company's Level 3 Fair Value Measurements (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Accounting Policies [Abstract]    
Note receivable $ 1,669 $ 1,669
Valuation Technique Discounted cash flow  
Probability of default 50.00%  
Discount rate 18.00%  
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
(Loss) Earnings Per Common Share (Details Narrative) - shares
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Stock Option in Which Exercise Price Exceeds the Average Market Price of Common Shares [Member]        
Anti dilutive securities excluded from computation of earnings per share 470,000 350,000 470,000 363,700
Restricted Stock Awards and Stock Options in Which Exercise Price is Less Than the Average Market Price of Common Shares [Member]        
Anti dilutive securities excluded from computation of earnings per share 115,754 65,937 154,161 85,618
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
(Loss) Earnings Per Common Share - Schedule of Reconciliation Between Basic and Diluted Earnings Per Share (Details) - shares
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Earnings Per Share [Abstract]        
Basic weighted average shares outstanding 14,310,000 14,249,000 14,279,000 14,225,000
Dilutive effect of stock options and certain non-vested shares of restricted stock 86,000
Diluted weighted average shares outstanding 14,310,000 14,249,000 14,279,000 14,311,000
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity Method Investments (Details Narrative) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Additional cost during the period $ 2,525 $ 4,107  
Retained earnings undistributed earnings from our equity method investees 1,200    
RELM Wireless Corporation [Member]      
Dividend received 200 $ 0  
Quoted market value of the company's ownership $ 4,100    
Equity method ownership percentage 8.30%   8.30%
RELM Wireless Corporation [Member] | Chief Executive Officer [Member] | Minimum [Member]      
Combined equity ownership percentage 20.00%    
Itasca Capital, Ltd. [Member]      
Quoted market value of the company's ownership $ 3,900    
Equity method ownership percentage 32.30%   32.30%
1347 Property Insurance Holdings, Inc. [Member]      
Quoted market value of the company's ownership $ 8,000    
Equity method ownership percentage 17.40%   12.10%
Additional cost during the period $ 2,500    
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity Method Investments - Summary of Equity Method Investments (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Equity investment, Carrying Amount $ 17,644 $ 13,098
RELM Wireless Corporation [Member]    
Equity investment, Carrying Amount $ 4,448 $ 4,382
Equity investment, Economic Interest 8.30% 8.30%
Itasca Capital, Ltd. [Member]    
Equity investment, Carrying Amount $ 5,097 $ 3,368
Equity investment, Economic Interest 32.30% 32.30%
1347 Property Insurance Holdings, Inc. [Member]    
Equity investment, Carrying Amount $ 8,099 $ 5,348
Equity investment, Economic Interest 17.40% 12.10%
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity Method Investments - Summary of Income (Loss) of Equity Method Investees (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Equity method investment income $ (753) $ 29 $ 1,516 $ 70
Equity Method Investments [Member]        
Equity method investment income (753) 29 1,516 70
RELM Wireless Corporation [Member] | Equity Method Investments [Member]        
Equity method investment income 109 114 12 155
Itasca Capital, Ltd. [Member] | Equity Method Investments [Member]        
Equity method investment income (1,023) (85) 1,289 (85)
1347 Property Insurance Holdings, Inc. [Member] | Equity Method Investments [Member]        
Equity method investment income $ 161 $ 215
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity Method Investments - Summarized Financial Information (Details) - Itasca Capital, Ltd. [Member]
$ in Thousands
9 Months Ended
Jun. 30, 2017
USD ($)
Revenue
Gross profit
Operating income from continuing operations (172)
Net income $ 4,253 [1]
[1] Net income primarily related to unrealized gains on investments.
XML 54 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets (Details Narrative) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]    
Amortization expense $ 400 $ 400
XML 55 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Intangible assets, Gross $ 4,743 $ 2,726
Intangible assets, Accumulated amortization (770) (369)
Intangible assets, Net $ 3,973 $ 2,357
Software in Service [Member]    
Intangible assets, Useful life 5 years 5 years
Intangible assets, Gross $ 2,621 $ 1,764
Intangible assets, Accumulated amortization (430) (93)
Intangible assets, Net $ 2,191 $ 1,671
Production Formulation [Member]    
Intangible assets, Useful life 10 years 10 years
Intangible assets, Gross $ 489 $ 454
Intangible assets, Accumulated amortization (340) (276)
Intangible assets, Net 149 178
Software in Development [Member]    
Intangible assets, Gross 1,633 508
Intangible assets, Accumulated amortization
Intangible assets, Net $ 1,633 $ 508
XML 56 R45.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets - Schedule of Intangible Assets Future Amortization Expense (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Total $ 3,973 $ 2,357
Intangible Assets [Member]    
Remainder of 2017 150  
2018 589  
2019 577  
2020 568  
2021 431  
Thereafter 25  
Total $ 2,340  
XML 57 R46.htm IDEA: XBRL DOCUMENT v3.8.0.1
Goodwill - Summary of Changes in Carrying Amount of Goodwill (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2017
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
Balance $ 889
Foreign currency translation 68
Balance $ 957
XML 58 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
Warranty Reserves - Schedule of Product Warranty Liability (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Extended Product Warranty Disclosure [Abstract]        
Warranty accrual at beginning of period $ 457 $ 380 $ 645 $ 310
Charged to expense 162 430 337 778
Claims paid, net of recoveries (38) (194) (410) (475)
Foreign currency adjustment 3 1 12 4
Warranty accrual at end of period $ 584 $ 617 $ 584 $ 617
XML 59 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt (Details Narrative)
CAD in Thousands, $ in Thousands
Sep. 05, 2017
USD ($)
Apr. 27, 2017
USD ($)
Sep. 30, 2017
USD ($)
Sep. 05, 2017
CAD
Line of credit     $ 500  
Demand Credit Agreement [Member]        
Debt installment determination period 20 years      
Description on effective equity The credit agreement requires Strong/MDI to maintain a ratio of liabilities to “effective equity” (tangible stockholders’ equity, less amounts receivable from affiliates and equity method investments) not exceeding 2 to 1, a current ratio (excluding amounts due from related parties) of at least 1.5 to 1      
Maximum liabilities to effective equity 200.00%      
Minimum current ratio 150.00%      
Line of Credit [Member]        
Debt maturity date   May 10, 2018    
Line of credit maximum borrowing capacity   $ 1,000    
Maximum allowed liabilities to tangible net worth   3    
Minimum liquidity value   $ 2,000    
Line of Credit [Member] | Demand Credit Agreement [Member]        
Line of credit maximum borrowing capacity $ 2,800      
Minimum effective equity $ 6,400      
Line of Credit [Member] | Demand Credit Agreement [Member] | Canadian Dollar [Member]        
Line of credit maximum borrowing capacity | CAD       CAD 3,500
Minimum effective equity | CAD       8,000
Line of Credit [Member] | Prime Rate [Member]        
Line of credit bearing interest rate   0.25%    
Long-term Debt [Member]        
Secured loan   $ 2,000    
Loan term   5 years    
Long term debt bearing interest fixed rate   4.50%    
Debt installment determination period   20 years    
Debt balloon payment amount   $ 1,700    
Debt maturity date   May 10, 2022    
20-year Installment Loan [Member] | Demand Credit Agreement [Member]        
Loan term 20 years      
Line of credit maximum borrowing capacity $ 4,800      
20-year Installment Loan [Member] | Demand Credit Agreement [Member] | Canadian Dollar [Member]        
Line of credit maximum borrowing capacity | CAD       6,000
20-year Installment Loan [Member] | Prime Rate [Member] | Demand Credit Agreement [Member]        
Interest rate of installment loans 0.50%      
5-year Installment Loan [Member] | Demand Credit Agreement [Member]        
Loan term 5 years      
Line of credit maximum borrowing capacity $ 400      
5-year Installment Loan [Member] | Demand Credit Agreement [Member] | Canadian Dollar [Member]        
Line of credit maximum borrowing capacity | CAD       CAD 500
5-year Installment Loan [Member] | Prime Rate [Member] | Demand Credit Agreement [Member]        
Interest rate of installment loans 0.50%      
XML 60 R49.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt - Schedule of Long-term Debt (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Debt Disclosure [Abstract]    
$2 million term loan $ 1,983
Less: current portion (64)
Less: unamortized debt issuance costs (35)
Long-term debt $ 1,884
XML 61 R50.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt - Schedule of Long-term Debt (Details) (Parenthetical)
$ in Thousands
Sep. 30, 2017
USD ($)
Debt Disclosure [Abstract]  
Long-term debt fair value $ 1,960
XML 62 R51.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt - Schedule of Long-term Debt Maturities (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Debt Disclosure [Abstract]    
Remainder of 2017 $ 16  
2018 65  
2019 68  
2020 70  
2021 74  
Thereafter 1,690  
Total $ 1,983
XML 63 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes (Details Narrative)
9 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]  
Income tax examination description The Company is subject to examination for Federal purposes for fiscal years 2014, 2015 and 2016. In most cases, the Company is subject to examinations by state or local jurisdictions based on the particular jurisdiction’s statute of limitations.
XML 64 R53.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock Compensation (Details Narrative) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Share-based compensation expense     $ 498 $ 357  
Number of shares granted     435,000    
Stock Option [Member]          
Description on expected volatility     During 2017, the expected volatility was based on historical daily price changes of the Company’s stock for six years prior to the date of grant. During 2016, the Company used a one year period to calculate volatility, but updated this assumption in the current year to align the expected volatility with the expected life of the options.    
Expected volatility calculation period for stocks granted     6 years   1 year
Share-based compensation arrangement by share-based payment award, options, non-vested, number 785,000   785,000    
Total unrecognized compensation cost related to stock option awards $ 1,500   $ 1,500    
Compensation cost expected to be recognized, weighted average period     4 years 1 month 6 days    
Options [Member]          
Number of shares granted     435,000 100,000  
Share based compensation arrangement by share based payment award options grants in period weighted average grant date fair value     $ 2.42 $ 1.42  
Restricted Stock [Member]          
Compensation cost expected to be recognized, weighted average period     1 year 10 months 25 days    
Unrecognized for restricted stock, value $ 600   $ 600    
2017 Plan [Member]          
Number of shares reserved for issuance 1,371,189   1,371,189    
Selling, General and Administrative Expenses [Member]          
Share-based compensation expense $ 200 $ 100 $ 500 $ 400  
XML 65 R54.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock Compensation - Schedule of Weighted Average Assumptions for Fair Value of Stock Options Granted During the Period (Details)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Expected dividend yield at date of grant 0.00% 0.00%
Risk-free interest rate 1.99% 1.35%
Expected stock price volatility 34.85% 32.26%
Expected life of options (in years) 6 years 5 years 8 months 12 days
XML 66 R55.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock Compensation - Summary of Stock Options Activities (Details)
$ / shares in Units, $ in Thousands
9 Months Ended
Sep. 30, 2017
USD ($)
$ / shares
shares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Number of Options, Outstanding beginning balance | shares 545,300
Number of Options, Granted | shares 435,000
Number of Options, Exercised | shares (15,000)
Number of Options, Forfeited | shares (33,000)
Number of Options, Expired | shares (2,000)
Number of Options, Outstanding ending balance | shares 930,300
Number of Options, Exercisable | shares 145,300
Weighted Average Exercise Price Per Share, Outstanding beginning balance | $ / shares $ 4.78
Weighted Average Exercise Price Per Share, Granted | $ / shares 6.53
Weighted Average Exercise Price Per Share, Exercised | $ / shares 4.70
Weighted Average Exercise Price Per Share, Forfeited | $ / shares 6.09
Weighted Average Exercise Price Per Share, Expired | $ / shares 4.33
Weighted Average Exercise Price Per Share, Outstanding ending balance | $ / shares 5.63
Weighted Average Exercise Price Per Share, Exercisable | $ / shares $ 4.31
Weighted Average Remaining Contractual Term, beginning balance 9 years 8 months 5 days
Weighted Average Remaining Contractual Term, ending balance 8 years 11 months 26 days
Weighted Average Remaining Contractual Term, Exercisable 8 years 29 days
Aggregate Intrinsic Value, beginning balance | $ $ 1,757
Aggregate Intrinsic Value, ending balance | $ 759
Aggregate Intrinsic Value, Exercisable | $ $ 260
XML 67 R56.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member]
9 Months Ended
Sep. 30, 2017
$ / shares
shares
Number of Restricted Stock Shares, Non-vested beginning balance | shares 58,295
Number of Restricted Stock Shares, Granted | shares 85,000
Number of Restricted Stock Shares, vested | shares (43,295)
Number of Restricted Stock Shares, forfeited | shares
Number of Restricted Stock Shares, Non-vested ending balance | shares 100,000
Weighted Average Grant Date Fair Value, Non-vested beginning balance | $ / shares $ 4.77
Weighted Average Grant Date Fair Value, Granted | $ / shares 6.50
Weighted Average Grant Date Fair Value, Vested | $ / shares 4.92
Weighted Average Grant Date Fair Value, Forfeited | $ / shares 4.21
Weighted Average Grant Date Fair Value, Non-vested ending balance | $ / shares $ 6.17
XML 68 R57.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock Compensation - Schedule of Nonvested Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member]
9 Months Ended
Sep. 30, 2017
$ / shares
shares
Number of Restricted Stock Shares, Non-vested beginning balance | shares 13,750
Number of Restricted Stock Shares, Granted | shares 30,835
Number of Restricted Stock Shares, vested | shares (6,875)
Number of Restricted Stock Shares, forfeited | shares (1,875)
Number of Restricted Stock Shares, Non-vested ending balance | shares 35,835
Weighted Average Grant Date Fair Value, Non-vested beginning balance | $ / shares $ 4.24
Weighted Average Grant Date Fair Value, Granted | $ / shares 6.81
Weighted Average Grant Date Fair Value, Vested | $ / shares 4.24
Weighted Average Grant Date Fair Value, Forfeited | $ / shares 4.21
Weighted Average Grant Date Fair Value, Non-vested ending balance | $ / shares $ 6.45
XML 69 R58.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments, Contingencies and Concentrations (Details Narrative)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Integer
Sep. 30, 2017
Integer
Concentration risk, number of customers 10 10
Operating lease expiration date   Expiring through 2022
Sales Revenue, Net [Member] | Customer Concentration Risk [Member]    
Concentration risk, percentage 53.70% 50.10%
Accounts Receivable [Member] | Customer Concentration Risk [Member]    
Concentration risk, percentage   41.20%
XML 70 R59.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments, Contingencies and Concentrations - Schedule of Leases Future Minimum Lease Payments (Details)
$ in Thousands
Sep. 30, 2017
USD ($)
Leases [Abstract]  
Capital Leases, Remainder 2017 $ 66
Capital Leases, 2018 251
Capital Leases, 2019 116
Capital Leases, 2020
Capital Leases, 2021
Capital Leases, Thereafter
Total minimum lease payments 433
Less: Amount representing interest (19)
Present value of minimum lease payments 414
Less: Current maturities (240)
Capital lease obligations, net of current portion 174
Operating Leases, Remainder 2017 301
Operating Leases, 2018 1,759
Operating Leases, 2019 1,735
Operating Leases, 2020 1,507
Operating Leases, 2021 1,378
Operating Leases, Thereafter 1,066
Total minimum Operating lease payments $ 7,746
XML 71 R60.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment Information (Details Narrative)
9 Months Ended
Sep. 30, 2017
Segments
Segment Reporting [Abstract]  
Number of business segment 2
XML 72 R61.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment Information - Schedule of Segment Reporting Information by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Segment Reporting Information [Line Items]        
Total segment net revenue $ 19,559 $ 18,668 $ 56,885 $ 56,340
Total segment operating income 548 257 (880) 3,333
Other (expense) income - foreign currency transaction (loss) gain (306) 23 (410) (982)
Cinema - excess distribution from joint venture 502
Other (expense) income (35) (7) (24) 36
Change in value of marketable securities - Corporate asset (34) (400)
Total other expense (392) (500) (826)
Business Segments [Member]        
Segment Reporting Information [Line Items]        
Total segment net revenue 19,781 18,981 57,146 57,496
Eliminations (222) (313) (261) (1,156)
Total net revenue 19,559 18,668 56,885 56,340
Total segment operating income 2,845 2,144 6,210 9,202
Unallocated general and administrative expenses (2,297) (1,887) (7,090) (5,869)
Other (expense) income Interest, net (51) 18 (66) 18
Change in value of marketable securities - Corporate asset (34) (400)
Total other expense (392) (500) (826)
Earnings (loss) before income taxes and equity method investment (loss) income 156 257 (1,380) 2,507
Business Segments [Member] | Cinema [Member]        
Segment Reporting Information [Line Items]        
Total segment net revenue 8,681 11,070 27,606 32,085
Total segment operating income 2,438 2,205 6,704 8,318
Other (expense) income - foreign currency transaction (loss) gain (216) 82 (438) (958)
Cinema - excess distribution from joint venture 502
Other (expense) income (35) (5) (24) 45
Business Segments [Member] | Digital Media [Member]        
Segment Reporting Information [Line Items]        
Total segment net revenue 11,087 7,911 29,518 25,411
Total segment operating income 505 (61) (205) 884
Other (expense) income - foreign currency transaction (loss) gain (90) (59) 28 (24)
Other (expense) income (2) (9)
Business Segments [Member] | Other [Member]        
Segment Reporting Information [Line Items]        
Total segment net revenue 13 22
Total segment operating income $ (98) $ (289)
XML 73 R62.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Identifiable assets, excluding assets held for sale $ 64,398 $ 62,251
Cinema [Member] | Business Segments [Member]    
Identifiable assets, excluding assets held for sale 26,117 29,881
Digital Media [Member] | Business Segments [Member]    
Identifiable assets, excluding assets held for sale 20,637 19,272
Corporate Assets [Member] | Business Segments [Member]    
Identifiable assets, excluding assets held for sale $ 17,644 $ 13,098
XML 74 R63.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment Information - Schedule of Segment Reporting Information by Geographic Area (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net revenue $ 19,559 $ 18,668 $ 56,885 $ 56,340
United States [Member]        
Net revenue 15,349 14,643 44,648 44,184
China [Member]        
Net revenue 1,646 1,518 4,543 4,316
Latin America [Member]        
Net revenue 461 377 1,263 1,352
Canada [Member]        
Net revenue 1,365 1,399 4,372 3,676
Mexico [Member]        
Net revenue 425 472 1,164 1,816
Europe [Member]        
Net revenue 250 196 427 788
Asia (Excluding China) [Member]        
Net revenue 45 216 70
Other [Member]        
Net revenue $ 63 $ 18 $ 252 $ 138
XML 75 R64.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment Information - Summary of Identifiable Assets by Geographical Area (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Identifiable assets, excluding assets held for sale $ 64,398 $ 62,251
United States [Member]    
Identifiable assets, excluding assets held for sale 42,815 40,255
Canada [Member]    
Identifiable assets, excluding assets held for sale $ 21,583 $ 21,996
EXCEL 76 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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�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end XML 77 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 78 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 80 FilingSummary.xml IDEA: XBRL DOCUMENT 3.8.0.1 html 161 310 1 true 49 0 false 7 false false R1.htm 00000001 - Disclosure - Document And Entity Information Sheet http://ballantyne-strong.com/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets Sheet http://ballantyne-strong.com/role/BalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://ballantyne-strong.com/role/BalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) Sheet http://ballantyne-strong.com/role/StatementsOfOperations Condensed Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) Sheet http://ballantyne-strong.com/role/StatementsOfComprehensiveLossIncome Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://ballantyne-strong.com/role/StatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 00000007 - Disclosure - Nature of Operations Sheet http://ballantyne-strong.com/role/NatureOfOperations Nature of Operations Notes 7 false false R8.htm 00000008 - Disclosure - Discontinued Operations Sheet http://ballantyne-strong.com/role/DiscontinuedOperations Discontinued Operations Notes 8 false false R9.htm 00000009 - Disclosure - Summary of Significant Accounting Policies Sheet http://ballantyne-strong.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 9 false false R10.htm 00000010 - Disclosure - (Loss) Earnings Per Common Share Sheet http://ballantyne-strong.com/role/LossEarningsPerCommonShare (Loss) Earnings Per Common Share Notes 10 false false R11.htm 00000011 - Disclosure - Equity Method Investments Sheet http://ballantyne-strong.com/role/EquityMethodInvestments Equity Method Investments Notes 11 false false R12.htm 00000012 - Disclosure - Intangible Assets Sheet http://ballantyne-strong.com/role/IntangibleAssets Intangible Assets Notes 12 false false R13.htm 00000013 - Disclosure - Goodwill Sheet http://ballantyne-strong.com/role/Goodwill Goodwill Notes 13 false false R14.htm 00000014 - Disclosure - Warranty Reserves Sheet http://ballantyne-strong.com/role/WarrantyReserves Warranty Reserves Notes 14 false false R15.htm 00000015 - Disclosure - Debt Sheet http://ballantyne-strong.com/role/Debt Debt Notes 15 false false R16.htm 00000016 - Disclosure - Income Taxes Sheet http://ballantyne-strong.com/role/IncomeTaxes Income Taxes Notes 16 false false R17.htm 00000017 - Disclosure - Stock Compensation Sheet http://ballantyne-strong.com/role/StockCompensation Stock Compensation Notes 17 false false R18.htm 00000018 - Disclosure - Commitments, Contingencies and Concentrations Sheet http://ballantyne-strong.com/role/CommitmentsContingenciesAndConcentrations Commitments, Contingencies and Concentrations Notes 18 false false R19.htm 00000019 - Disclosure - Business Segment Information Sheet http://ballantyne-strong.com/role/BusinessSegmentInformation Business Segment Information Notes 19 false false R20.htm 00000020 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://ballantyne-strong.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://ballantyne-strong.com/role/SummaryOfSignificantAccountingPolicies 20 false false R21.htm 00000021 - Disclosure - Discontinued Operations (Tables) Sheet http://ballantyne-strong.com/role/DiscontinuedOperationsTables Discontinued Operations (Tables) Tables http://ballantyne-strong.com/role/DiscontinuedOperations 21 false false R22.htm 00000022 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://ballantyne-strong.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://ballantyne-strong.com/role/SummaryOfSignificantAccountingPolicies 22 false false R23.htm 00000023 - Disclosure - (Loss) Earnings Per Common Share (Tables) Sheet http://ballantyne-strong.com/role/LossEarningsPerCommonShareTables (Loss) Earnings Per Common Share (Tables) Tables http://ballantyne-strong.com/role/LossEarningsPerCommonShare 23 false false R24.htm 00000024 - Disclosure - Equity Method Investments (Tables) Sheet http://ballantyne-strong.com/role/EquityMethodInvestmentsTables Equity Method Investments (Tables) Tables http://ballantyne-strong.com/role/EquityMethodInvestments 24 false false R25.htm 00000025 - Disclosure - Intangible Assets (Tables) Sheet http://ballantyne-strong.com/role/IntangibleAssetsTables Intangible Assets (Tables) Tables http://ballantyne-strong.com/role/IntangibleAssets 25 false false R26.htm 00000026 - Disclosure - Goodwill (Tables) Sheet http://ballantyne-strong.com/role/GoodwillTables Goodwill (Tables) Tables http://ballantyne-strong.com/role/Goodwill 26 false false R27.htm 00000027 - Disclosure - Warranty Reserves (Tables) Sheet http://ballantyne-strong.com/role/WarrantyReservesTables Warranty Reserves (Tables) Tables http://ballantyne-strong.com/role/WarrantyReserves 27 false false R28.htm 00000028 - Disclosure - Debt (Tables) Sheet http://ballantyne-strong.com/role/DebtTables Debt (Tables) Tables http://ballantyne-strong.com/role/Debt 28 false false R29.htm 00000029 - Disclosure - Stock Compensation (Tables) Sheet http://ballantyne-strong.com/role/StockCompensationTables Stock Compensation (Tables) Tables http://ballantyne-strong.com/role/StockCompensation 29 false false R30.htm 00000030 - Disclosure - Commitments, Contingencies and Concentrations (Tables) Sheet http://ballantyne-strong.com/role/CommitmentsContingenciesAndConcentrationsTables Commitments, Contingencies and Concentrations (Tables) Tables http://ballantyne-strong.com/role/CommitmentsContingenciesAndConcentrations 30 false false R31.htm 00000031 - Disclosure - Business Segment Information (Tables) Sheet http://ballantyne-strong.com/role/BusinessSegmentInformationTables Business Segment Information (Tables) Tables http://ballantyne-strong.com/role/BusinessSegmentInformation 31 false false R32.htm 00000032 - Disclosure - Discontinued Operations (Details Narrative) Sheet http://ballantyne-strong.com/role/DiscontinuedOperationsDetailsNarrative Discontinued Operations (Details Narrative) Details http://ballantyne-strong.com/role/DiscontinuedOperationsTables 32 false false R33.htm 00000033 - Disclosure - Discontinued Operations - Schedule of Comparative Financial Results of Discontinued Operations (Details) Sheet http://ballantyne-strong.com/role/DiscontinuedOperations-ScheduleOfComparativeFinancialResultsOfDiscontinuedOperationsDetails Discontinued Operations - Schedule of Comparative Financial Results of Discontinued Operations (Details) Details 33 false false R34.htm 00000034 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://ballantyne-strong.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://ballantyne-strong.com/role/SummaryOfSignificantAccountingPoliciesTables 34 false false R35.htm 00000035 - Disclosure - Summary of Significant Accounting Policies - Schedule of Fair Value Measured Financial Assets and Liabilities (Details) Sheet http://ballantyne-strong.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfFairValueMeasuredFinancialAssetsAndLiabilitiesDetails Summary of Significant Accounting Policies - Schedule of Fair Value Measured Financial Assets and Liabilities (Details) Details 35 false false R36.htm 00000036 - Disclosure - Summary of Significant Accounting Policies - Summary of Quantitative Information About Company's Level 3 Fair Value Measurements (Details) Sheet http://ballantyne-strong.com/role/SummaryOfSignificantAccountingPolicies-SummaryOfQuantitativeInformationAboutCompanysLevel3FairValueMeasurementsDetails Summary of Significant Accounting Policies - Summary of Quantitative Information About Company's Level 3 Fair Value Measurements (Details) Details 36 false false R37.htm 00000037 - Disclosure - (Loss) Earnings Per Common Share (Details Narrative) Sheet http://ballantyne-strong.com/role/LossEarningsPerCommonShareDetailsNarrative (Loss) Earnings Per Common Share (Details Narrative) Details http://ballantyne-strong.com/role/LossEarningsPerCommonShareTables 37 false false R38.htm 00000038 - Disclosure - (Loss) Earnings Per Common Share - Schedule of Reconciliation Between Basic and Diluted Earnings Per Share (Details) Sheet http://ballantyne-strong.com/role/LossEarningsPerCommonShare-ScheduleOfReconciliationBetweenBasicAndDilutedEarningsPerShareDetails (Loss) Earnings Per Common Share - Schedule of Reconciliation Between Basic and Diluted Earnings Per Share (Details) Details 38 false false R39.htm 00000039 - Disclosure - Equity Method Investments (Details Narrative) Sheet http://ballantyne-strong.com/role/EquityMethodInvestmentsDetailsNarrative Equity Method Investments (Details Narrative) Details http://ballantyne-strong.com/role/EquityMethodInvestmentsTables 39 false false R40.htm 00000040 - Disclosure - Equity Method Investments - Summary of Equity Method Investments (Details) Sheet http://ballantyne-strong.com/role/EquityMethodInvestments-SummaryOfEquityMethodInvestmentsDetails Equity Method Investments - Summary of Equity Method Investments (Details) Details 40 false false R41.htm 00000041 - Disclosure - Equity Method Investments - Summary of Income (Loss) of Equity Method Investees (Details) Sheet http://ballantyne-strong.com/role/EquityMethodInvestments-SummaryOfIncomeLossOfEquityMethodInvesteesDetails Equity Method Investments - Summary of Income (Loss) of Equity Method Investees (Details) Details 41 false false R42.htm 00000042 - Disclosure - Equity Method Investments - Summarized Financial Information (Details) Sheet http://ballantyne-strong.com/role/EquityMethodInvestments-SummarizedFinancialInformationDetails Equity Method Investments - Summarized Financial Information (Details) Details 42 false false R43.htm 00000043 - Disclosure - Intangible Assets (Details Narrative) Sheet http://ballantyne-strong.com/role/IntangibleAssetsDetailsNarrative Intangible Assets (Details Narrative) Details http://ballantyne-strong.com/role/IntangibleAssetsTables 43 false false R44.htm 00000044 - Disclosure - Intangible Assets - Schedule of Intangible Assets (Details) Sheet http://ballantyne-strong.com/role/IntangibleAssets-ScheduleOfIntangibleAssetsDetails Intangible Assets - Schedule of Intangible Assets (Details) Details 44 false false R45.htm 00000045 - Disclosure - Intangible Assets - Schedule of Intangible Assets Future Amortization Expense (Details) Sheet http://ballantyne-strong.com/role/IntangibleAssets-ScheduleOfIntangibleAssetsFutureAmortizationExpenseDetails Intangible Assets - Schedule of Intangible Assets Future Amortization Expense (Details) Details 45 false false R46.htm 00000046 - Disclosure - Goodwill - Summary of Changes in Carrying Amount of Goodwill (Details) Sheet http://ballantyne-strong.com/role/Goodwill-SummaryOfChangesInCarryingAmountOfGoodwillDetails Goodwill - Summary of Changes in Carrying Amount of Goodwill (Details) Details 46 false false R47.htm 00000047 - Disclosure - Warranty Reserves - Schedule of Product Warranty Liability (Details) Sheet http://ballantyne-strong.com/role/WarrantyReserves-ScheduleOfProductWarrantyLiabilityDetails Warranty Reserves - Schedule of Product Warranty Liability (Details) Details 47 false false R48.htm 00000048 - Disclosure - Debt (Details Narrative) Sheet http://ballantyne-strong.com/role/DebtDetailsNarrative Debt (Details Narrative) Details http://ballantyne-strong.com/role/DebtTables 48 false false R49.htm 00000049 - Disclosure - Debt - Schedule of Long-term Debt (Details) Sheet http://ballantyne-strong.com/role/Debt-ScheduleOfLong-termDebtDetails Debt - Schedule of Long-term Debt (Details) Details 49 false false R50.htm 00000050 - Disclosure - Debt - Schedule of Long-term Debt (Details) (Parenthetical) Sheet http://ballantyne-strong.com/role/Debt-ScheduleOfLong-termDebtDetailsParenthetical Debt - Schedule of Long-term Debt (Details) (Parenthetical) Details 50 false false R51.htm 00000051 - Disclosure - Debt - Schedule of Long-term Debt Maturities (Details) Sheet http://ballantyne-strong.com/role/Debt-ScheduleOfLong-termDebtMaturitiesDetails Debt - Schedule of Long-term Debt Maturities (Details) Details 51 false false R52.htm 00000052 - Disclosure - Income Taxes (Details Narrative) Sheet http://ballantyne-strong.com/role/IncomeTaxesDetailsNarrative Income Taxes (Details Narrative) Details http://ballantyne-strong.com/role/IncomeTaxes 52 false false R53.htm 00000053 - Disclosure - Stock Compensation (Details Narrative) Sheet http://ballantyne-strong.com/role/StockCompensationDetailsNarrative Stock Compensation (Details Narrative) Details http://ballantyne-strong.com/role/StockCompensationTables 53 false false R54.htm 00000054 - Disclosure - Stock Compensation - Schedule of Weighted Average Assumptions for Fair Value of Stock Options Granted During the Period (Details) Sheet http://ballantyne-strong.com/role/StockCompensation-ScheduleOfWeightedAverageAssumptionsForFairValueOfStockOptionsGrantedDuringPeriodDetails Stock Compensation - Schedule of Weighted Average Assumptions for Fair Value of Stock Options Granted During the Period (Details) Details 54 false false R55.htm 00000055 - Disclosure - Stock Compensation - Summary of Stock Options Activities (Details) Sheet http://ballantyne-strong.com/role/StockCompensation-SummaryOfStockOptionsActivitiesDetails Stock Compensation - Summary of Stock Options Activities (Details) Details 55 false false R56.htm 00000056 - Disclosure - Stock Compensation - Summary of Restricted Stock Activity (Details) Sheet http://ballantyne-strong.com/role/StockCompensation-SummaryOfRestrictedStockActivityDetails Stock Compensation - Summary of Restricted Stock Activity (Details) Details 56 false false R57.htm 00000057 - Disclosure - Stock Compensation - Schedule of Nonvested Restricted Stock Units Activity (Details) Sheet http://ballantyne-strong.com/role/StockCompensation-ScheduleOfNonvestedRestrictedStockUnitsActivityDetails Stock Compensation - Schedule of Nonvested Restricted Stock Units Activity (Details) Details 57 false false R58.htm 00000058 - Disclosure - Commitments, Contingencies and Concentrations (Details Narrative) Sheet http://ballantyne-strong.com/role/CommitmentsContingenciesAndConcentrationsDetailsNarrative Commitments, Contingencies and Concentrations (Details Narrative) Details http://ballantyne-strong.com/role/CommitmentsContingenciesAndConcentrationsTables 58 false false R59.htm 00000059 - Disclosure - Commitments, Contingencies and Concentrations - Schedule of Leases Future Minimum Lease Payments (Details) Sheet http://ballantyne-strong.com/role/CommitmentsContingenciesAndConcentrations-ScheduleOfLeasesFutureMinimumLeasePaymentsDetails Commitments, Contingencies and Concentrations - Schedule of Leases Future Minimum Lease Payments (Details) Details 59 false false R60.htm 00000060 - Disclosure - Business Segment Information (Details Narrative) Sheet http://ballantyne-strong.com/role/BusinessSegmentInformationDetailsNarrative Business Segment Information (Details Narrative) Details http://ballantyne-strong.com/role/BusinessSegmentInformationTables 60 false false R61.htm 00000061 - Disclosure - Business Segment Information - Schedule of Segment Reporting Information by Segment (Details) Sheet http://ballantyne-strong.com/role/BusinessSegmentInformation-ScheduleOfSegmentReportingInformationBySegmentDetails Business Segment Information - Schedule of Segment Reporting Information by Segment (Details) Details 61 false false R62.htm 00000062 - Disclosure - Business Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) Sheet http://ballantyne-strong.com/role/BusinessSegmentInformation-ReconciliationOfAssetsFromSegmentToConsolidatedDetails Business Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) Details 62 false false R63.htm 00000063 - Disclosure - Business Segment Information - Schedule of Segment Reporting Information by Geographic Area (Details) Sheet http://ballantyne-strong.com/role/BusinessSegmentInformation-ScheduleOfSegmentReportingInformationByGeographicAreaDetails Business Segment Information - Schedule of Segment Reporting Information by Geographic Area (Details) Details 63 false false R64.htm 00000064 - Disclosure - Business Segment Information - Summary of Identifiable Assets by Geographical Area (Details) Sheet http://ballantyne-strong.com/role/BusinessSegmentInformation-SummaryOfIdentifiableAssetsByGeographicalAreaDetails Business Segment Information - Summary of Identifiable Assets by Geographical Area (Details) Details 64 false false All Reports Book All Reports btn-20170930.xml btn-20170930.xsd btn-20170930_cal.xml btn-20170930_def.xml btn-20170930_lab.xml btn-20170930_pre.xml http://xbrl.sec.gov/dei/2014-01-31 http://xbrl.sec.gov/currency/2017-01-31 http://fasb.org/us-gaap/2017-01-31 true true ZIP 82 0001493152-17-012526-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-17-012526-xbrl.zip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
  •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�UJ6AIAQ)10*KVA,=%Z3 5^Q8^C(IJ,YD'F-^G_+G'"_6\159 M&*]Q.+%.>I^CAS&-BQT.?&"PUT-9M>1828\"?F7V" D>%%,FZ(#,>4S>NU5* M-AA ;!KA!D+!

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