Note 14 – Noncontrolling interests

Noncontrolling interests are composed of the following enterprises:

Australia Country Cimemas Pty Ltd. (“ACC”) 25% noncontrolling interest owned by Panorama Cinemas for the 21st Century Pty Ltd.;

Shadow View Land and Farming, LLC 50% noncontrolling membership interest owned by Mr. James J. Cotter, Sr.; and

Sutton Hill Properties, LLC 25% noncontrolling interest owned by Sutton Hill Capital, LLC.

The components of noncontrolling interests are as follows (dollars in thousands):



		June 30, 2014		December 31, 2013
Australian Country Cinemas	$	531	$	532
Shadow View Land and Farming LLC		1,835		1,862
Sutton Hill Properties ("SHP")		2,270		2,213
Noncontrolling interests in consolidated subsidiaries	$	4,636	$	4,607

The components of income attributable to noncontrolling interests are as follows (dollars in thousands):



		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
AFC LLC	$	--	$	69	$	--	$	173
Australian Country Cinemas		66		48		72		48
Shadow View Land and Farming LLC		--		(6)		(28)		(15)
Sutton Hill Properties		(42)		(71)		(67)		(170)
Net income (loss) attributable to noncontrolling interest	$	15	$	40	$	(23)	$	36

On June 30, 2013 we acquired the remaining 50% interest in the Angelika Film Center LLC “AFC LLC” (the entity that holds our Angelika New York theater) that we did not own for $4.2 million.

Summary of Controlling and Noncontrolling Stockholders’ Equity

A summary of the changes in controlling and noncontrolling stockholders’ equity is as follows (dollars in thousands):



		Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at – January 1, 2014	$	117,140	$	4,607	$	121,747
Net Income (loss)		4,542		(23)		4,519
Increase in additional paid in capital		565		--		565
Treasury stock purchased		(1,795)		--		(1,795)
Contributions from noncontrolling stockholders - SHP		--		125		125
Distributions to noncontrolling stockholders		--		(101)		(101)
Accumulated other comprehensive income		10,557		28		10,585
Equity at – June 30, 2014	$	131,009	$	4,636	$	135,645


		Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at – January 1, 2013	$	126,856	$	4,098	$	130,954
Net Income		3,468		36		3,504
Increase in additional paid in capital		231		76		307
Contributions from noncontrolling stockholders - SHP		--		2,513		2,513
Distributions to noncontrolling stockholders		--		(2,016)		(2,016)
Accumulated other comprehensive income (loss)		(18,456)		(72)		(18,528)
Equity at – June 30, 2013	$	112,099	$	4,635	$	116,734