| Dec'19 | Dec'18 | Dec'17 | Dec'16 | May'14 | May'13 | May'12 | May'11 | May'10 |
|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | ||||||||
Net earnings (loss) | ||||||||
42,115 | 53,465 | 64,485 | 37,539 | 20,899 | 23,331 | 22,734 | 13,558 | 16,115 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||
Extinguishment of debt | ||||||||
- | - | - | - | - | 6,008 | 0 | 0 | - |
Losses on investments in joint ventures | ||||||||
-274 | -399 | 46 | 301 | -250 | -450 | -200 | 545 | -337 |
Distributions from joint ventures | ||||||||
200 | 65 | 377 | 560 | 120 | 120 | 254 | 0 | - |
(Gain) loss on disposition of property, equipment and other assets | ||||||||
-1,149 | -1,342 | 3,981 | -844 | -993 | -266 | -759 | -750 | 403 |
Loss on sale of condominium units | ||||||||
- | - | - | - | - | - | - | -752 | -428 |
Gain on available for sale securities | ||||||||
- | - | - | - | - | - | 676 | 0 | - |
Impairment charges | ||||||||
1,874 | 0 | 0 | - | 0 | 1,512 | 0 | 0 | 2,575 |
Amortization of favorable lease right | ||||||||
0 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 |
Amortization of loss on swap agreement | ||||||||
- | - | - | - | - | 99 | 113 | 113 | 113 |
Depreciation and amortization | ||||||||
72,277 | 61,342 | 51,719 | 41,832 | 33,354 | 33,827 | 34,525 | 33,523 | 32,312 |
Amortization of debt issuance costs | ||||||||
285 | 287 | 308 | 303 | 491 | - | - | - | - |
Share-based compensation | ||||||||
3,523 | 2,691 | 2,411 | 1,899 | 1,781 | 1,772 | 2,010 | 1,795 | 1,607 |
Deferred income taxes | ||||||||
9,111 | 3,247 | -6,438 | 3,022 | -451 | -1,146 | 1,150 | 5,093 | 7,812 |
Deferred compensation and other | ||||||||
-1,011 | -3,339 | -911 | -577 | -850 | 44 | -1,610 | 1,404 | -634 |
Contribution of the Company's stock to savings and profit-sharing plan | ||||||||
1,181 | 1,130 | 1,024 | 905 | 782 | 834 | 738 | 755 | 748 |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
3,781 | -1,546 | 8,852 | 1,486 | 877 | 42 | 185 | -2,242 | 453 |
Other assets | ||||||||
-1,102 | 1,946 | 2,268 | 2,465 | -836 | -1,014 | -3,023 | 3,387 | -466 |
Operating leases | ||||||||
3,355 | 0 | 0 | - | - | - | - | - | - |
Accounts payable | ||||||||
9,733 | -4,232 | 15,015 | -1,978 | 748 | 5,733 | -2,887 | 871 | -2,217 |
Income taxes | ||||||||
67 | 10,297 | -13,663 | -5,124 | -2,544 | 2,876 | -308 | 4,257 | -7,611 |
Taxes other than income taxes | ||||||||
1,664 | -895 | 2,377 | -373 | 333 | 890 | 870 | -349 | -426 |
Accrued compensation | ||||||||
508 | 1,920 | -1,380 | 4,738 | 1,974 | -1,158 | 6,508 | 552 | 373 |
Other accrued liabilities | ||||||||
2,541 | 3,058 | 6,703 | 1,829 | 6,567 | -1,458 | -1,744 | 2,592 | -4 |
Total adjustments | ||||||||
99,364 | 83,924 | 44,551 | 45,116 | 45,541 | 39,871 | 46,294 | 47,944 | 36,625 |
Net cash provided by (used in) operating activities | ||||||||
141,479 | 137,389 | 109,036 | 82,655 | 66,440 | 63,202 | 69,028 | 61,502 | 52,740 |
INVESTING ACTIVITIES: | ||||||||
Capital expenditures | ||||||||
64,086 | 58,660 | 114,804 | 83,606 | 56,673 | 22,635 | 31,835 | 16,068 | 25,082 |
Purchase of theatres, net of cash acquired and working capital assumed | ||||||||
30,081 | 0 | 0 | 63,766 | 0 | - | 6,182 | 9,118 | - |
Purchase of hotel | ||||||||
- | - | - | - | - | 856 | 0 | 0 | - |
Proceeds from disposals of property, equipment and other assets | ||||||||
22 | 116 | 4,524 | 1,560 | 1,926 | 4,662 | 4,187 | 34 | 766 |
Proceeds from sale of available for sale securities | ||||||||
- | - | - | - | - | - | 785 | 0 | - |
Decrease (increase) in other assets | ||||||||
- | - | - | - | 137 | 1,513 | 1,072 | 5,310 | - |
Increase in condominium units and other assets | ||||||||
- | - | - | - | - | - | - | - | 893 |
Other investing activities | ||||||||
-199 | 429 | -911 | -3,572 | 1,227 | 1,674 | 1,775 | 1,366 | -3,820 |
Capital contribution in joint venture | ||||||||
0 | 294 | 111 | 0 | 1,366 | 0 | 0 | 906 | - |
Contribution in joint venture | ||||||||
- | - | - | - | 0 | 444 | 0 | 0 | - |
Contribution received from local government | ||||||||
0 | 0 | 1,545 | 0 | - | - | - | - | - |
Proceeds from sale of interests in joint ventures | ||||||||
0 | 0 | 6,729 | 1,100 | 0 | - | - | - | - |
Net cash used in investing activities | ||||||||
-93,946 | -59,267 | -101,206 | -141,140 | -57,708 | -22,561 | -35,947 | -32,863 | -21,389 |
FINANCING ACTIVITIES | ||||||||
Debt transactions: | ||||||||
Proceeds from borrowings on revolving credit facility | ||||||||
335,000 | 203,000 | 322,000 | 346,188 | 92,500 | 198,250 | - | - | - |
Cash advanced to joint ventures | ||||||||
- | - | - | - | 231 | 101 | 55 | 129 | - |
Repayment of borrowings on revolving credit facility | ||||||||
333,000 | 254,000 | 332,000 | 236,188 | 115,500 | 212,250 | - | - | - |
Proceeds from issuance of long-term debt | ||||||||
0 | 0 | 65,000 | 0 | 52,700 | 64,350 | 117,000 | 52,000 | 77,895 |
Principal payments on long-term debt | ||||||||
24,620 | 12,153 | 36,300 | 52,335 | 31,886 | 27,763 | 128,029 | 73,441 | 96,835 |
Debt issuance costs | ||||||||
0 | 0 | 418 | 578 | 316 | 1,527 | 0 | 0 | - |
Principal payments on finance lease obligations | ||||||||
2,544 | 1,836 | 1,986 | 0 | - | - | - | - | - |
Equity transactions: | ||||||||
Treasury stock transactions, except for stock options | ||||||||
-702 | -2,523 | -421 | -6,089 | -3,886 | -24,131 | 11,189 | 3,988 | 532 |
Exercise of stock options | ||||||||
1,520 | 7,048 | 2,271 | 3,986 | 5,605 | 2,182 | 1,284 | 1,048 | 340 |
Dividends paid | ||||||||
19,311 | 16,414 | 13,504 | 12,037 | 9,203 | 35,614 | 9,707 | 9,810 | 9,883 |
Distributions to noncontrolling interest | ||||||||
185 | 64 | 20 | 448 | 2,124 | 0 | 0 | - | - |
Purchase of noncontrolling interest | ||||||||
0 | 0 | 410 | 0 | - | - | - | - | - |
Net cash provided by financing activities | ||||||||
-43,842 | -76,942 | 4,212 | 42,499 | -12,110 | -36,503 | -30,641 | -34,191 | -29,015 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||
3,691 | 1,180 | 12,042 | -15,986 | -3,378 | 4,138 | 2,440 | -5,552 | 2,336 |
Supplemental Information: | ||||||||
Change in accounts payable for additions to property, equipment and other assets | ||||||||
2,185 | -9,857 | 5,320 | 3,417 | 4,876 | 652 | 1,111 | - | - |
Capital leases acquired | ||||||||
- | - | - | 17,511 | 0 | - | - | - | - |
Capital lease extensions | ||||||||
- | - | - | 0 | - | - | - | - | - |
Non-cash contribution in joint venture | ||||||||
- | - | - | - | 0 | 0 | - | - | - |