CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, (In thousands of U.S. dollars, except per share amounts), Image enhancement and maintenance services, Costs and expenses applicable to revenues(1), Selling, general and administrative expenses, Exit costs, restructuring charges and associated impairments, Change in fair value of equity securities, Equity in losses of investees, net of tax, Less: Net loss (income) attributable to non-controlling interests, Net (loss) income attributable to common shareholders. Our thoughts remain with those impacted by this pandemic around the world, as we continue to support the efforts of local governments and our industry to prioritize public health.". IMAX DMR gross margin includes marketing costs of $2.4 million for the three months ended March 31, 2020 (2019 — $3.9 million). Also contributing to the Company's first quarter loss was a $10.2 million provision for credit losses on its theater receivables as a result of the current pandemic-related challenges facing the exhibition industry. Total cash and cash equivalents as of March 31, 2020 was $352.3 million. The Conference ID for the telephone replay is 2512506. (In millions of U.S. dollars, except per share data). The closure of substantially all of the Company's theater network due to the global outbreak of the COVID-19 pandemic drove results down in the first quarter. ", "We are working closely with our studio partners to reshape our slate in the second half of 2020 and into 2021 — a period that is now scheduled to see an impressive offering of marquee blockbuster films. Note: For the definition and reconciliations of reported results to non-GAAP financial results, please refer to the discussion of non-GAAP financial measures at the end of this earnings release. Senior Secured Net Leverage Ratio calculated using twelve months ended Adjusted EBITDA per Credit Facility. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field11.add(Validate.Presence, {failureMessage:"This field is required"});field11.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i Net (loss) income per share attributable to common shareholders - basic and diluted: Net (loss) income per share — basic and diluted. (iv) Film Distribution and Post-production, which includes activities related to the distribution of films primarily for the Company's institutional theater partners (through the Film Distribution segment) and the provision of film post-production and quality control services (through the Film Post-production segment). Film Distribution segment gross margin includes marketing expense of $0.2 million for the three months ended March 31, 2020 (2019 — expense of $0.6 million). .