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Business Segments | 9 Months Ended
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Sep. 30, 2015
Business Segments [Abstract] |
Business Segments | Note 2 – Business Segments Reported below are the operating segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer. In addition to the cinema exhibition and real estate activities, w e have acquired, and continue to hold, raw land in urban and suburban centers in Australia, New Zealand, and the United States, as part of our real estate activities. The tables below summarize the results of operations for each of our business segments for the quarter and nine months ended September 30, 2015 and 2014, respectively. Operating expense includes costs associated with the day-to-day operations of the cinemas and the management of rental properties, including our live theater assets.
|  | Quarter Ended |  | Nine Months Ended
(Dollars in thousands) |  | September 30, 2015 |  | September 30, 2014 |  | September 30, 2015 |  | September 30, 2014
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Cinema exhibition |  | $ | 54,368 |  | $ | 60,947 |  | $ | 180,223 |  | $ | 180,225
Real estate |  |  | 4,968 |  |  | 6,035 |  |  | 15,908 |  |  | 18,396
Inter-segment elimination |  |  | (1,548) |  |  | (1,951) |  |  | (4,957) |  |  | (5,615)
|  | $ | 57,788 |  | $ | 65,031 |  | $ | 191,174 |  | $ | 193,006
Segment operating income: |  |  |  |  |  |  |  |  |  |  |  |
Cinema exhibition |  | $ | 4,838 |  | $ | 7,136 |  | $ | 23,745 |  | $ | 21,313
Real estate |  |  | 1,443 |  |  | 2,346 |  |  | 5,952 |  |  | 7,164
|  | $ | 6,281 |  | $ | 9,482 |  | $ | 29,697 |  | $ | 28,477
A reconciliation of segment operating income to income before income taxes is as follows:
|  | Quarter Ended |  | Nine Months Ended
(Dollars in thousands) |  | September 30, 2015 |  | September 30, 2014 |  | September 30, 2015 |  | September 30, 2014
Segment operating income |  | $ | 6,281 |  | $ | 9,482 |  | $ | 29,697 |  | $ | 28,477
Unallocated corporate expense |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization expense |  |  | (86) |  |  | (92) |  |  | (220) |  |  | (273)
General and administrative expense |  |  | (3,075) |  |  | (3,217) |  |  | (10,637) |  |  | (10,950)
Interest expense, net |  |  | (1,894) |  |  | (1,411) |  |  | (6,070) |  |  | (6,537)
Equity earnings of unconsolidated joint ventures and entities |  |  | 195 |  |  | 222 |  |  | 915 |  |  | 833
Gain on sale of assets |  |  | - |  |  | 25 |  |  | 11,023 |  |  | 25
Other income (expense) |  |  | (577) |  |  | 242 |  |  | (667) |  |  | 1,630
Income before income taxes |  | $ | 844 |  | $ | 5,251 |  | $ | 24,041 |  | $ | 13,205

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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 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: 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=51669610&loc=d3e9038-108599 Reference 3: 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=51669610&loc=d3e8971-108599 Reference 4: 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=51669610&loc=d3e8595-108599 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=51669610&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 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: 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=51669610&loc=d3e8844-108599 Reference 8: 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=51669610&loc=d3e8984-108599 Reference 9: 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=51669610&loc=d3e9031-108599 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=51669610&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 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: 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=51669610&loc=d3e8864-108599 Reference 13: 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=51669610&loc=d3e8924-108599 Reference 14: 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=51669610&loc=d3e8906-108599 + Details
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