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Non-controlling Interests | 6 Months Ended
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Jun. 30, 2020
Non-controlling Interests [Abstract] |
Non-controlling Interests | ‎ Note 15 – Non-controlling Interests These are composed of the following enterprises: Australia Country Cinemas Pty Ltd. - 25% noncontrolling interest owned by Panorama Group International Pty Ltd.; Shadow View Land and Farming, LLC - 50% noncontrolling membership interest owned by either the estate of Mr. James J. Cotter, Sr. (the “Cotter Estate”) and/or the James J. Cotter, Sr. Living Trust (the “Cotter Trust”); and, Sutton Hill Properties, LLC - 25% noncontrolling interest owned by Sutton Hill Capital, LLC (which in turn is 50% owned by the Cotter Estate and/or the Cotter Trust). The components of noncontrolling interests are as follows:
|  | June 30, |  | December 31,
(Dollars in thousands) |  | 2020 |  | 2019
Australian Country Cinemas, Pty Ltd |  | $ | 64 |  | $ | 119
Shadow View Land and Farming, LLC |  |  | 2,102 |  |  | 2,145
Sutton Hill Properties, LLC |  |  | 1,826 |  |  | 2,003
Noncontrolling interests in consolidated subsidiaries |  | $ | 3,992 |  | $ | 4,267
The components of income attributable to noncontrolling interests are as follows:
|  | Quarter Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(Dollars in thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Australian Country Cinemas, Pty Ltd |  | $ | (45) |  | $ | 28 |  | $ | (46) |  | $ | 36
Shadow View Land and Farming, LLC |  |  | (22) |  |  | (20) |  |  | (43) |  |  | (34)
Sutton Hill Properties, LLC |  |  | (118) |  |  | (45) |  |  | (177) |  |  | (55)
Net income (loss) attributable to noncontrolling interests |  | $ | (185) |  | $ | (37) |  | $ | (266) |  | $ | (53)
Summary of Controlling and Noncontrolling Stockholders’ Equity A summary of the changes in controlling and noncontrolling stockholders’ equity is as follows:
| Common Shares |  |  | Retained |  |  | Accumulated | Reading |  |  |  |
| Class A | Class A | Class B | Class B | Additional | Earnings |  |  | Other | International Inc. |  |  | Total
| Non-Voting | Par | Voting | Par | Paid-In | (Accumulated | Treasury | Comprehensive | Stockholders’ | Noncontrolling | Stockholders’
(Dollars in thousands, except shares) | Shares | Value | Shares | Value | Capital | Deficit) | Shares | Income (Loss) | Equity | Interests | Equity
At January 1, 2020 | 20,103 | $ | 231 | 1,680 | $ | 17 | $ | 148,602 | $ | 20,647 | $ | (39,737) | $ | 5,589 | $ | 135,349 | $ | 4,267 | $ | 139,616
Net income (loss) | — |  | — | — |  | — |  | — |  | (5,875) |  | — |  | — |  | (5,875) |  | (81) |  | (5,956)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | (15,879) |  | (15,879) |  | (18) |  | (15,897)
Share-based compensation expense | — |  | — | — |  | — |  | 336 |  | — |  | — |  | — |  | 336 |  | — |  | 336
Share repurchase plan | (75) |  | — | — |  | — |  | — |  | — |  | (670) |  | — |  | (670) |  | — |  | (671)
In-kind exchange of share for the exercise of options, net issued | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Restricted Stock Units | 19 |  |  | — |  | — |  | (30) |  | — |  | — |  | — |  | (30) |  | — |  | (30)
Contributions from noncontrolling stockholders | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Distributions to noncontrolling stockholders | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
At March 31, 2020 | 20,047 | $ | 231 | 1,680 | $ | 17 | $ | 148,908 | $ | 14,772 | $ | (40,407) | $ | (10,290) | $ | 113,231 | $ | 4,168 | $ | 117,399
Net income | — |  | — | — |  | — |  | — |  | (22,702) |  | — |  | — |  | (22,702) |  | (185) |  | (22,887)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | 10,707 |  | 10,707 |  | 9 |  | 10,716
Share-based compensation expense | — |  | — | — |  | — |  | 369 |  | — |  | — |  | — |  | 369 |  | — |  | 369
Share repurchase plan | — |  | — | — |  | — |  | — |  | — |  | 0 |  | — |  | 0 |  | — |  | 0
Class A common stock issued for share-based bonuses and options exercised | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
In-kind exchange of share for the exercise of options, net issued | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Restricted Stock Units | 21 |  |  | — |  | — |  | (11) |  | — |  | — |  | — |  | (11) |  | — |  | (11)
Contributions from noncontrolling stockholders | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Distributions to noncontrolling stockholders | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
At June 30, 2020 | 20,068 |  | 231 | 1,680 |  | 17 |  | 149,266 |  | (7,930) |  | (40,407) |  | 417 |  | 101,594 |  | 3,992 |  | 105,586
| Common Shares |  |  | Retained |  |  | Accumulated | Reading |  |  |  |
| Class A | Class A | Class B | Class B | Additional | Earnings |  |  | Other | International Inc. |  |  | Total
| Non-Voting | Par | Voting | Par | Paid-In | (Accumulated | Treasury | Comprehensive | Stockholders’ | Noncontrolling | Stockholders’
(Dollars in thousands, except shares) | Shares | Value | Shares | Value | Capital | Deficit) | Shares | Income (Loss) | Equity | Interests | Equity
At January 1, 2019 | 21,195 | $ | 232 | 1,680 | $ | 17 | $ | 147,452 | $ | 47,048 | $ | (25,222) | $ | 6,115 | $ | 175,642 | $ | 4,337 | $ | 179,979
Net income (loss) | — |  | — | — |  | — |  | — |  | (2,124) |  | — |  | — |  | (2,124) |  | (16) |  | (2,140)
Adjustments to opening retained earnings on adoption of ASC 842 | — |  | — | — |  | — |  | — |  | 28 |  | — |  | — |  | 28 |  | (46) |  | (18)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | 1,510 |  | 1,510 |  | 1 |  | 1,511
Share-based compensation expense | — |  | — | — |  | — |  | 280 |  | — |  | — |  | — |  | 280 |  | — |  | 280
Share repurchase plan | — |  | — | — |  | — |  | — |  | — |  | (9) |  | — |  | (9) |  | — |  | (9)
Class A common stock issued for share-based bonuses and options exercised | — |  | — | — |  | — |  | (185) |  | — |  | — |  | — |  | (185) |  | — |  | (185)
Restricted Stock Units | 40 |  | 1 | — |  | — |  | (75) |  | — |  | — |  | — |  | (74) |  | — |  | (74)
Contributions from noncontrolling stockholders | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 18 |  | 18
Distributions to noncontrolling stockholders | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (27) |  | (27)
At March 31, 2019 | 21,235 | $ | 233 | 1,680 | $ | 17 | $ | 147,472 | $ | 44,952 | $ | (25,231) | $ | 7,625 | $ | 175,068 | $ | 4,267 | $ | 179,335
Net income | — |  | — | — |  | — |  | — |  | 2,331 |  | — |  | — |  | 2,331 |  | (37) |  | 2,294
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | (2,346) |  | (2,346) |  | (1) |  | (2,347)
Share-based compensation expense | — |  | — | — |  | — |  | 400 |  | — |  | — |  | — |  | 400 |  | — |  | 400
Share repurchase plan | (197) |  | — | — |  | — |  | — |  | — |  | (2,622) |  | — |  | (2,622) |  | — |  | (2,622)
Class A common stock issued for share-based bonuses and options exercised | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
In-kind exchange of share for the exercise of options, net issued | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Restricted Stock Units | 33 |  | — | — |  | — |  | (31) |  | — |  | — |  | — |  | (31) |  | — |  | (31)
Contributions from noncontrolling stockholders | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 9 |  | 9
Distributions to noncontrolling stockholders | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (15) |  | (15)
At June 30, 2019 | 21,071 | $ | 233 | 1,680 | $ | 17 | $ | 147,841 | $ | 47,283 | $ | (27,853) | $ | 5,279 | $ | 172,800 | $ | 4,223 | $ | 177,023
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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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