XML 45 R11.htm IDEA: XBRL DOCUMENT
v3.19.1

Real Estate Transactions | 12 Months Ended
--- | ---
Dec. 31, 2018
Real Estate Transactions [Abstract] |
Real Estate Transactions | NOTE 4 – REAL ESTATE TRANSACTIONS ﻿ Discussed below are the real estate transactions affecting the presentation in our consolidated balance sheets as of December 31, 2018 and 2017, and the profitability determination in our consolidated statements of income for the three years ended December 31, 2018: ﻿ Real Estate Sales ﻿ Landholding in Burwood, Australia (Initiated 2015, Settled 2017) ﻿ On May 12, 2014, we entered into a contract to sell our undeveloped 50.6 acre parcel in Burwood, Victoria, Australia, to Australand Holdings Limited (now known as Frasers Property Australia, “Frasers”) for a purchase price of $50.6 million (AU$65.0 million). We received $5.9 million (AU$6.5 million) on May 23, 2014, $16.6 million (AU$21.8 million) on June 19, 2017 and final settlement on December 14, 2017 of $28.1 million (AU$36.6 million). ﻿ The final sale price was adjusted by $56,000 (AU$75,000) due to an early settlement agreed between both parties. The final transaction gain is determined as follows: ﻿ ﻿
﻿ |  |  |
﻿ |  |  |
﻿(Dollars in thousands) |  | In AU$
﻿Selling price |  | $ | 64,925
﻿Less: Property book value |  |  | (52,108)
﻿Total transaction gain, gross |  |  | 12,817
﻿Less: Direct costs incurred(1) |  |  | (439)
﻿Total transaction gain, net |  | $ | 12,378
﻿
| (1) |  | Represents commissions and legal expenses incurred in connection with this transaction.
﻿ Real Estate Acquisitions ﻿ Building & Landholding in Auburn, Australia (Asset Acquisition, 2018) ﻿ On June 29, 2018, we purchased a property for $3.5 million (AU$4.5 million) in Auburn (Sydney area), Australia. Final settlement was made on October 11, 2018. The property which borders our Redyard ETC in Auburn on three sides and consists of an approximately 16,830 square foot building located on an estimated 20,870 square foot lot, is subject to a lease to Telstra Corporation through July 2022. This will allow us time to plan for its efficient integration into our ETC. Including this acquisition, our Redyard ETC represents approximately 519,992 square feet (48,309 square meters) of land, with approximately 1,620 feet (498 meters) of uninterrupted frontage to Parramatta Road, a major Sydney arterial motorway and approximately 147,000 square feet of net rentable area. ﻿ Landholding Acquisition in Townsville, Australia (Asset Acquisition, 2018) ﻿ On June 13, 2018, we acquired a 163,000 square foot (15,150 square meter) parcel of land at our Cannon Park ETC, in connection with the restructuring of our relationship with the adjacent landowner. Prior to the restructuring, this parcel was commonly owned by us and the adjoining landowner. In the restructuring, the adjoining landowner conveyed to us its interest in the parcel for AU$1. Incident to that transaction, we granted the adjoining landowner certain access rights with respect to that parcel.

X
- Definition Acquisitions Disposals And Assets Held For Sale [Abstract] + References No definition available. + Details
Name: | rdi_AcquisitionsDisposalsAndAssetsHeldForSaleAbstract
Namespace Prefix: | rdi_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Acquisitions Disposals And Assets Held For Sale Disclosure [Text Block] + References No definition available. + Details
Name: | rdi_AcquisitionsDisposalsAndAssetsHeldForSaleDisclosureTextBlock
Namespace Prefix: | rdi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration