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Business Segments | 9 Months Ended
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Sep. 30, 2014
Business Segments [Abstract] |
Business Segments | Note 3 – Business Segments We organize our operations into two reportable business segments within the meaning of FASB ASC 280-10 - Segment Reporting. Our reportable segments are (1) cinema exhibition and (2) real estate. The cinema exhibition segment is engaged in the development, ownership, and operation of multiplex cinemas. The real estate segment is engaged in the development, ownership, and operation of commercial properties. Incident to our real estate operations, we have acquired, and continue to hold, raw land in urban and suburban centers in Australia, New Zealand, and the United States. The tables below summarize the results of operations for each of our principal business segments for the three months ended September 30, 2014 and 2013, respectively. Operating expenses include costs associated with the day-to-day operations of the cinemas and the management of rental properties, including our live theater assets (dollars in thousands):
Three Months Ended September 30, 2014 | Cinema Exhibition | Real Estate | Intersegment Eliminations | Total
Revenue | $ | 60,947 | $ | 6,035 | $ | (1,951) | $ | 65,031
Operating expense |  | 50,243 |  | 2,289 |  | (1,951) |  | 50,581
Depreciation and amortization |  | 2,765 |  | 964 |  | -- |  | 3,729
General and administrative expense |  | 803 |  | 436 |  | -- |  | 1,239
Segment operating income | $ | 7,136 | $ | 2,346 | $ | -- | $ | 9,482
Three Months Ended September 30, 2013 | Cinema Exhibition | Real Estate | Intersegment Eliminations | Total
Revenue | $ | 61,228 | $ | 6,157 | $ | (1,913) | $ | 65,472
Operating expense |  | 50,655 |  | 2,716 |  | (1,913) |  | 51,458
Depreciation and amortization |  | 2,540 |  | 951 |  | -- |  | 3,491
General and administrative expense |  | 891 |  | 185 |  | -- |  | 1,076
Segment operating income | $ | 7,142 | $ | 2,305 | $ | -- | $ | 9,447
Reconciliation to net income attributable to Reading International, Inc. shareholders: |  |  |  |  | 2014 Quarter | 2013 Quarter
Total segment operating income |  |  |  |  | $ | 9,482 | $ | 9,447
Non-segment: |  |  |  |  |  |  |  |
Depreciation and amortization expense |  |  |  |  |  | 92 |  | 111
General and administrative expense |  |  |  |  |  | 3,217 |  | 3,510
Operating income |  |  |  |  |  | 6,173 |  | 5,826
Interest expense, net |  |  |  |  |  | (1,411) |  | (2,814)
Other income (expense) |  |  |  |  |  | 242 |  | (55)
Gain on sale of assets |  |  |  |  |  | 25 |  | --
Income tax expense |  |  |  |  |  | (1,312) |  | (751)
Equity earnings of unconsolidated joint ventures and entities |  |  |  |  |  | 222 |  | 225
Net income |  |  |  |  | $ | 3,939 | $ | 2,431
Net (income) attributable to noncontrolling interests |  |  |  |  |  | -- |  | (38)
Net income attributable to Reading International, Inc. common shareholders |  |  |  |  | $ | 3,939 | $ | 2,393
The tables below summarize the results of operations for each of our principal business segments for the nine months ended September 30, 2014 and 2013, respectively. Operating expenses include costs associated with the day-to-day operations of the cinemas and the management of rental properties, including our live theater assets (dollars in thousands):
Nine Months Ended September 30, 2014 | Cinema Exhibition | Real Estate | Intersegment Eliminations | Total
Revenue | $ | 180,225 | $ | 18,396 | $ | (5,615) | $ | 193,006
Operating expense |  | 147,631 |  | 7,523 |  | (5,615) |  | 149,539
Depreciation and amortization |  | 8,378 |  | 2,839 |  | -- |  | 11,217
General and administrative expense |  | 2,903 |  | 870 |  | -- |  | 3,773
Segment operating income | $ | 21,313 | $ | 7,164 | $ | -- | $ | 28,477
Nine Months Ended September 30, 2013 | Cinema Exhibition | Real Estate | Intersegment Eliminations | Total
Revenue | $ | 180,657 | $ | 19,764 | $ | (5,740) | $ | 194,681
Operating expense |  | 151,612 |  | 8,115 |  | (5,740) |  | 153,987
Depreciation and amortization |  | 7,824 |  | 3,086 |  | -- |  | 10,910
General and administrative expense |  | 2,463 |  | 519 |  | -- |  | 2,982
Segment operating income | $ | 18,758 | $ | 8,044 | $ | -- | $ | 26,802
Reconciliation to net income attributable |  |  |  |  | 2014 Nine | 2013 Nine
to Reading International, Inc. shareholders: |  |  |  |  | Months | Months
Total segment operating income |  |  |  |  | $ | 28,477 | $ | 26,802
Non-segment: |  |  |  |  |  |  |  |
Depreciation and amortization expense |  |  |  |  |  | 273 |  | 333
General and administrative expense |  |  |  |  |  | 10,950 |  | 10,341
Operating income |  |  |  |  |  | 17,254 |  | 16,128
Interest expense, net |  |  |  |  |  | (6,537) |  | (8,124)
Other income |  |  |  |  |  | 1,630 |  | 72
Gain (loss) on sale of assets |  |  |  |  |  | 25 |  | (7)
Income tax expense |  |  |  |  |  | (4,747) |  | (3,140)
Equity earnings of unconsolidated joint ventures and entities |  |  |  |  |  | 833 |  | 1,005
Net income |  |  |  |  | $ | 8,458 | $ | 5,934
Net (income) loss attributable to noncontrolling interests |  |  |  |  |  | 23 |  | (74)
Net income attributable to Reading International, Inc. common shareholders |  |  |  |  | $ | 8,481 | $ | 5,860

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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