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Investments In Unconsolidated Joint Ventures | 12 Months Ended
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Dec. 31, 2018
Investments In Unconsolidated Joint Ventures [Abstract] |
Investments In Unconsolidated Joint Ventures | NOTE 6 – INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES ﻿ Our investments in unconsolidated joint ventures are accounted for under the equity method of accounting. The table below summarizes our active investment holdings in two unconsolidated joint ventures: ﻿ ﻿
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﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | December 31,
﻿(Dollars in thousands) |  | Interest |  | 2018 |  | 2017
﻿Mt. Gravatt |  |  | 33.3% |  | $ | 3,861 |  | $ | 4,118
﻿Rialto Cinemas |  |  | 50.0% |  |  | 1,260 |  |  | 1,186
﻿Total Joint Ventures |  |  |  |  | $ | 5,121 |  | $ | 5,304
﻿ Our recorded share of equity earnings from our investments in unconsolidated joint ventures are as follows: ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿(Dollars in thousands) |  | 2018 |  | 2017 |  | 2016
﻿Mt. Gravatt |  | $ | 690 |  | $ | 726 |  | $ | 805
﻿Rialto Cinemas |  |  | 284 |  |  | 89 |  |  | 194
﻿Rialto Distribution |  |  | — |  |  | — |  |  | —
﻿Total equity earnings |  | $ | 974 |  | $ | 815 |  | $ | 999
﻿ Mt. Gravatt ﻿ We own an undivided 33.3% interest in Mt. Gravatt, an unincorporated joint venture that owns and operates a sixteen-screen multiplex cinema in Australia. ﻿ Rialto Cinemas ﻿ We own an undivided 50.0% interest in the assets and liabilities of the Rialto Entertainment joint venture that owns and operates two (2) movie theaters, with 13 screens in New Zealand. ﻿ Rialto Distribution ﻿ During 2017, this investment was transferred to our previous business partners. We paid an amount lower than the accrual we had taken for our debt obligation in the joint venture. Consequently, we recognized a gain of $15,000 (NZ$21,000) during the quarter ended June 30, 2017.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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- References No definition available. + Details
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