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Imax Corp. – ‘10-Q’ for 3/31/23 – ‘EX-31’

On:  Thursday, 4/27/23, at 5:01pm ET   ·   For:  3/31/23   ·   Accession #:  950170-23-15371   ·   File #:  1-35066

Previous ‘10-Q’:  ‘10-Q’ on 10/31/22 for 9/30/22   ·   Next:  ‘10-Q’ on 7/26/23 for 6/30/23   ·   Latest:  ‘10-Q’ on 4/25/24 for 3/31/24   ·   3 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/27/23  Imax Corp.                        10-Q        3/31/23  116:24M                                    Donnelley … Solutions/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   5.78M 
 2: EX-10       Ex-10.2                                             HTML     39K 
 3: EX-31       Ex-31.1                                             HTML     41K 
 4: EX-31       Ex-31.2                                             HTML     41K 
 5: EX-32       Ex-32.1                                             HTML     36K 
 6: EX-32       Ex-32.2                                             HTML     37K 
12: R1          Document and Entity Information                     HTML     90K 
13: R2          Condensed Consolidated Balance Sheets (Unaudited)   HTML    150K 
14: R3          Condensed Consolidated Balance Sheets               HTML     40K 
                (Parenthetical)                                                  
15: R4          Condensed Consolidated Statements of Operations     HTML    140K 
                (Unaudited)                                                      
16: R5          Condensed Consolidated Statements of Comprehensive  HTML     86K 
                Income (Loss) (Unaudited)                                        
17: R6          Condensed Consolidated Statements of Cash Flows     HTML    122K 
                (Unaudited)                                                      
18: R7          Condensed Consolidated Statements of Shareholders'  HTML    107K 
                Equity (Unaudited)                                               
19: R8          Basis of Presentation                               HTML     63K 
20: R9          Recently Issued Accounting Standards                HTML     53K 
21: R10         Receivables                                         HTML    964K 
22: R11         Lease Arrangements                                  HTML    256K 
23: R12         Inventories                                         HTML     62K 
24: R13         Borrowings                                          HTML    179K 
25: R14         Commitments, Contingencies and Guarantees           HTML     58K 
26: R15         Condensed Consolidated Statements of Operations     HTML    105K 
                Supplemental Information                                         
27: R16         Condensed Consolidated Statements of Cash Flows     HTML    190K 
                Supplemental Information                                         
28: R17         Income Taxes                                        HTML    126K 
29: R18         Capital Stock and Reserves                          HTML    371K 
30: R19         Revenue from Contracts with Customers               HTML    338K 
31: R20         Segment Reporting                                   HTML    147K 
32: R21         Employees Pension and Postretirement Benefits       HTML     71K 
33: R22         Financial Instruments                               HTML    266K 
34: R23         Executive Transition Costs                          HTML     39K 
35: R24         Non-Controlling Interests                           HTML     66K 
36: R25         Basis of Presentation (Policies)                    HTML    158K 
37: R26         Basis of Presentation (Tables)                      HTML     54K 
38: R27         Receivables (Tables)                                HTML    951K 
39: R28         Lease Arrangements (Tables)                         HTML    251K 
40: R29         Inventories (Tables)                                HTML     58K 
41: R30         Borrowings (Tables)                                 HTML     98K 
42: R31         Condensed Consolidated Statements of Operations     HTML     85K 
                Supplemental Information (Tables)                                
43: R32         Condensed Consolidated Statements of Cash Flows     HTML    190K 
                Supplemental Information (Tables)                                
44: R33         Income Taxes (Tables)                               HTML    115K 
45: R34         Capital Stock and Reserves (Tables)                 HTML    333K 
46: R35         Revenue from Contracts with Customers (Tables)      HTML    322K 
47: R36         Segment Reporting (Tables)                          HTML    137K 
48: R37         Financial Instruments (Tables)                      HTML    245K 
49: R38         Non-Controlling Interests (Tables)                  HTML     53K 
50: R39         Basis of Presentation - Additional Information      HTML     42K 
                (Details)                                                        
51: R40         Basis of Presentation - VIEs Total Assets and       HTML     53K 
                Liabilities (Details)                                            
52: R41         Recently Issued Accounting Standards - Additional   HTML     66K 
                Information (Details)                                            
53: R42         Acquisition - Schedule of Subject to Revision Upon  HTML     37K 
                Completion of Valuation Procedures (Details)                     
54: R43         Receivables - Summary of Allowance For Credit       HTML     52K 
                Losses Related to Accounts Receivable (Details)                  
55: R44         Receivables - Additional Information (Details)      HTML     58K 
56: R45         Receivables - Schedule of Financing Receivables     HTML     61K 
                (Details)                                                        
57: R46         Receivables - Schedule of Weighted-average          HTML     41K 
                Remaining Lease Term and Weighted-average Interest               
                Rate (Details)                                                   
58: R47         Receivables - Schedule of Net Investment In Leases  HTML     61K 
                by Credit Quality Indicator (Details)                            
59: R48         Receivables - Schedule of Financed Sale             HTML     74K 
                Receivables by Credit Quality Indicator (Details)                
60: R49         Receivables - Schedule of Aging Analysis for Net    HTML     73K 
                Investment in Leases and Financed Sale Receivables               
                (Details)                                                        
61: R50         Receivables - Schedule of Net Investment in Leases  HTML     92K 
                and Financed Sale Receivables with Billed Amounts                
                Past Due Continues to Accrue Finance Income                      
                (Details)                                                        
62: R51         Receivables - Schedule of Net Investment in Leases  HTML     46K 
                and Financed Sale Receivables on Nonaccrual Status               
                (Details)                                                        
63: R52         Receivables - Summary of Allowance for Credit       HTML     48K 
                Losses Related to Net Investment in Leases and                   
                Financed Sale Receivables (Details)                              
64: R53         Receivables - Summary of Allowance For Credit       HTML     40K 
                Losses Related to Variable Consideration                         
                Receivables (Details)                                            
65: R54         Lease Arrangements - Additional Information         HTML     62K 
                (Details)                                                        
66: R55         Lease Arrangements - Components of Operating Lease  HTML     48K 
                Expense (Details)                                                
67: R56         Lease Arrangements - Supplemental Cash and          HTML     40K 
                Non-Cash Flow Information Related to Leases                      
                (Details)                                                        
68: R57         Lease Arrangements - Lessee Operating Lease         HTML     52K 
                Balance Sheet Amounts and Lines (Details)                        
69: R58         Lease Arrangements - Lessee Operating Lease         HTML     35K 
                Balance Sheet Amounts and Lines (Parenthetical)                  
                (Details)                                                        
70: R59         Lease Arrangements - Lessee Leases Weighted         HTML     45K 
                Average Remaining Lease Term and Weighted Average                
                Interest Rate (Details)                                          
71: R60         Lease Arrangements - Lessee Operating and Finance   HTML     71K 
                Lease, Maturity (Details)                                        
72: R61         Lease Arrangements - Schedule of Maturities of      HTML     58K 
                Lease Receivables (Details)                                      
73: R62         Inventories - Inventories (Details)                 HTML     41K 
74: R63         Inventories - Additional Information (Details)      HTML     41K 
75: R64         Borrowings - Revolving Credit Facility Borrowings,  HTML     52K 
                Net (Details)                                                    
76: R65         Borrowings - Additional Information (Details)       HTML    225K 
77: R66         Borrowings - Summary of Convertible Notes, Net      HTML     54K 
                (Details)                                                        
78: R67         Commitments, Contingencies and Guarantees -         HTML     50K 
                Additional Information (Details)                                 
79: R68         Condensed Consolidated Statements of Operations     HTML     48K 
                Supplemental Information - Summary of Selling                    
                Expenses, Including Sales Commissions and Other                  
                Selling Expenses (Details)                                       
80: R69         Condensed Consolidated Statements of Operations     HTML     72K 
                Supplemental Information - Additional Information                
                (Details)                                                        
81: R70         Condensed Consolidated Statements of Cash Flows     HTML     50K 
                Supplemental Information - Summary of Changes in                 
                Other Operating Assets and Liabilities (Details)                 
82: R71         Condensed Consolidated Statements of Cash Flows     HTML     53K 
                Supplemental Information - Summary of Depreciation               
                and Amortization (Details)                                       
83: R72         Condensed Consolidated Statements of Cash Flows     HTML     37K 
                Supplemental Information - Summary of Depreciation               
                and Amortization (Parenthetical) (Details)                       
84: R73         Condensed Consolidated Statements of Cash Flows     HTML     45K 
                Supplemental Information - Write Downs, Net of                   
                Recoveries (Details)                                             
85: R74         Condensed Consolidated Statements of Cash Flows     HTML     40K 
                Supplemental Information - Write-downs                           
                (Parenthetical) (Details)                                        
86: R75         Condensed Consolidated Statements of Cash Flows     HTML     41K 
                Supplemental Information - Significant Non-cash                  
                Investing Activities - (Details)                                 
87: R76         Income Taxes - Additional Information (Details)     HTML     47K 
88: R77         Income Taxes - Schedule of Effective Tax Rates      HTML     63K 
                (Details)                                                        
89: R78         Income Taxes - Income Tax Expense in Other          HTML     45K 
                Comprehensive Income (Details)                                   
90: R79         Capital Stock and Reserves - Additional             HTML    118K 
                Information (Details)                                            
91: R80         Capital Stock and Reserves - Stock Compensation     HTML     45K 
                (Details)                                                        
92: R81         Capital Stock and Reserves - Stock-based            HTML     49K 
                Compensation by Plan Type (Details)                              
93: R82         Capital Stock and Reserves - Schedule of            HTML     55K 
                Share-based Compensation, Stock Options, Activity                
                (Details)                                                        
94: R83         Capital Stock and Reserves - Restricted Stock       HTML     56K 
                Units Activity under the IMAX LTIP (Details)                     
95: R84         Capital Stock and Reserves - Performance Stock      HTML     59K 
                Units Activity under the IMAX LTIP (Details)                     
96: R85         Capital Stock and Reserves - Performance Stock      HTML     41K 
                Units Activity under the IMAX LTIP (Parenthetical)               
                (Details)                                                        
97: R86         Capital Stock and Reserves - Basic and Diluted      HTML     45K 
                Per-share Computations (Details)                                 
98: R87         Revenue from Contracts with Customers -             HTML     96K 
                Disaggregation of Revenue by Segment (Details)                   
99: R88         Revenue from Contracts with Customers - Additional  HTML     53K 
                Information (Details)                                            
100: R89         Segment Reporting - Additional Information          HTML     36K  
                (Details)                                                        
101: R90         Segment Reporting - Segment Reporting Information   HTML     66K  
                by Reportable Segment (Details)                                  
102: R91         Segment Reporting - Segment Reporting Information   HTML     35K  
                by Reportable Segment (Parenthetical) (Details)                  
103: R92         Segment Reporting - Summary of Revenues By          HTML     64K  
                Geographic Area (Details)                                        
104: R93         Employees Pension and Postretirement Benefits -     HTML     89K  
                Additional Information (Details)                                 
105: R94         Financial Instruments - Additional Information      HTML     69K  
                (Details)                                                        
106: R95         Financial Instruments - Fair Value of Financial     HTML     86K  
                Instruments (Details)                                            
107: R96         Financial Instruments - Fair Value of Foreign       HTML     47K  
                Exchange Contracts (Details)                                     
108: R97         Financial Instruments - Derivatives in Foreign      HTML     45K  
                Currency Hedging Relationships (Details)                         
109: R98         Executive Transition Costs - Additional             HTML     44K  
                Information (Details)                                            
110: R99         Non-Controlling Interests - Additional Information  HTML     65K  
                (Details)                                                        
111: R100        Non-Controlling Interests - Summary of Movement of  HTML     42K  
                the Non-controlling Interest in Temporary Equity                 
                Related to Original Film Fund (Details)                          
114: XML         IDEA XML File -- Filing Summary                      XML    225K  
112: XML         XBRL Instance -- imax-20230331_htm                   XML   6.96M  
113: EXCEL       IDEA Workbook of Financial Reports                  XLSX    243K  
10: EX-101.CAL  XBRL Calculations -- imax-20230331_cal               XML    341K 
11: EX-101.DEF  XBRL Definitions -- imax-20230331_def                XML   1.43M 
 9: EX-101.LAB  XBRL Labels -- imax-20230331_lab                     XML   2.47M 
 7: EX-101.PRE  XBRL Presentations -- imax-20230331_pre              XML   1.89M 
 8: EX-101.SCH  XBRL Schema -- imax-20230331                         XSD    387K 
115: JSON        XBRL Instance as JSON Data -- MetaLinks              744±  1.24M  
116: ZIP         XBRL Zipped Folder -- 0000950170-23-015371-xbrl      Zip    636K

‘EX-31’   —   Ex-31.1

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

  EX-31  

IMAX CORPORATION

Exhibit 31.1

 

Certification Pursuant to Section 302 of the Sarbanes - Oxley Act of 2002

 

I, Richard L. Gelfond, certify that:

 

1.
I have reviewed this Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 of the registrant, IMAX Corporation;

 

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 officers 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 officers 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 the 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.

 

Date:

 

April 27, 2023

 

By:

 

/s/ Richard L. Gelfond

 

 

 

 

Name:

 

Richard L. Gelfond

 

 

 

 

Title:

 

Chief Executive Officer

 

 

 

 

 

 

 

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:4/27/238-K
For Period end:3/31/23
 List all Filings 

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/27/24  Imax Corp.                        10-K       12/31/23  187:34M                                    Donnelley … Solutions/FA

2 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/22/23  Imax Corp.                        10-K       12/31/22  186:49M                                    Donnelley … Solutions/FA
 2/10/23  Imax Corp.                        8-K:5,9     2/07/23   12:294K                                   Donnelley … Solutions/FA
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Filing Submission 0000950170-23-015371   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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