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Investments In Unconsolidated Joint Ventures | 12 Months Ended
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Dec. 31, 2020
Investments In Unconsolidated Joint Ventures [Abstract] |
Investments In Unconsolidated Joint Ventures | NOTE 7 – 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:
|  |  |  |  | December 31,
(Dollars in thousands) |  | Interest |  | 2020 |  | 2019
Mt. Gravatt |  |  | 33.3% |  | $ | 3,960 |  | $ | 3,894
Rialto Cinemas |  |  | 50.0% |  |  | 1,065 |  |  | 1,175
Total Joint Ventures |  |  |  |  | $ | 5,025 |  | $ | 5,069
Our recorded share of equity earnings (losses) from our investments in unconsolidated joint ventures are as follows:
(Dollars in thousands) |  | 2020 |  | 2019 |  | 2018
Mt. Gravatt |  | $ | (249) |  | $ | 674 |  | $ | 690
Rialto Cinemas |  |  | (200) |  |  | 118 |  |  | 284
Total equity earnings |  | $ | (449) |  | $ | 792 |  | $ | 974
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.

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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://www.xbrl.org/2003/role/disclosureRef -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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