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Summary Of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2020
Schedule Of Estimated Useful Lives Of Assets |
Building and improvements | 15 – 60 years
Leasehold improvements | Shorter of the lease term or useful life of the improvement
Theater equipment | 7 years
Furniture and fixtures | 3 – 10 years
Summary Of Currency Exchange Rates |
|  | As of and for the year ended December 31, 2020 |  | As of and for the year ended December 31, 2019 |  | As of and for the year ended December 31, 2018
Spot Rate |  |  |  |  |  |
Australian Dollar |  | 0.7709 |  | 0.7030 |  | 0.7046
New Zealand Dollar |  | 0.7194 |  | 0.6745 |  | 0.6711
Average Rate |  |  |  |  |  |
Australian Dollar |  | 0.6904 |  | 0.6954 |  | 0.7479
New Zealand Dollar |  | 0.6504 |  | 0.6593 |  | 0.6930
Accounting Changes To Financial Statements | The following is a summary of the previously issued financial statement line items for all periods and statements included in this Form 10-K report affected by the correction. Consolidated Statements of Operations:
|  | Year Ended December 31, 2018
(Dollars in thousands) |  | As Reported |  | Adjustment |  | As Revised
Cinema revenue |  | $ | 294,177 |  | $ | (455) |  | $ | 293,723
Total revenue |  |  | 309,385 |  |  | (455) |  |  | 308,931
Operating income (loss) |  |  | 24,078 |  |  | (455) |  |  | 23,623
Income (loss) before income taxes |  |  | 17,918 |  |  | (455) |  |  | 17,463
Income tax (expense) benefit |  |  | (3,420) |  |  | 122 |  |  | (3,298)
Net income (loss) |  |  | 14,498 |  |  | (332) |  |  | 14,166
Net income (loss) attributable to Reading International, Inc. common shareholders |  |  | 14,366 |  |  | (332) |  |  | 14,034
Basic earnings (loss) per share |  | $ | 0.62 |  | $ | (0.01) |  | $ | 0.61
Diluted earnings (loss) per share |  |  | 0.62 |  |  | (0.02) |  |  | 0.60
Consolidated Balance Sheets:
|  | Summary of Equity
(Dollars in thousands) |  | As Reported |  | Adjustment |  | As Revised
Equity at January 1, 2018 |  | $ | 181,618 |  | $ | (236) |  | $ | 181,382
Net income (loss) attributable to Reading International, Inc. common shareholders |  |  | 14,366 |  |  | (332) |  |  | 14,034
Equity at December 31, 2018 |  |  | 180,547 |  |  | (568) |  |  | 179,979
Consolidated Statements of Cash Flows:
|  | Year Ended December 31, 2018
(Dollars in thousands) |  | As Reported |  | Adjustment |  | As Revised
Net income |  | $ | 14,498 |  | $ | (332) |  | $ | 14,166
Change in net deferred tax assets |  |  | (1,719) |  |  | (122) |  |  | (1,841)
Accounts payable and accrued expenses |  |  | 2,107 |  |  | 455 |  |  | 2,562
Net cash provided by operating activities |  |  | 32,645 |  |  | — |  |  | 32,645
Accounting Standards Update 2016-02 [Member] |
Changes To Financial Statements | The cumulative effect of the changes made to our consolidated January 1, 2019 balance sheet for the adoption of ASC 842 Leases were as follows:
(Dollars in thousands) |  | Balance at ‎December 31, ‎2018 |  | Adjustments ‎due to ASC ‎842 |  | Balance at ‎January 1, ‎2019
Assets |  |  |  |  |  |  |  |  |
Operating property, net |  | $ | 257,667 |  | $ | 370 |  | $ | 258,037
Operating lease right-of-use assets |  |  | — |  |  | 232,319 |  |  | 232,319
Intangible assets, net |  |  | 7,369 |  |  | (3,542) |  |  | 3,827
Deferred tax asset, net |  |  | 26,444 |  |  | 82 |  |  | 26,526
Liabilities |  |  |  |  |  |  |  |  |
Operating lease liabilities |  | $ | — |  | $ | 245,280 |  | $ | 245,280
Other non-current liabilities |  |  | 28,931 |  |  | (16,033) |  |  | 12,898
Stockholders' Equity |  |  |  |  |  |  |  |  |
Non-controlling interest |  | $ | 4,337 |  | $ | (46) |  | $ | 4,291
Retained earnings |  |  | 47,048 |  |  | 28 |  |  | 47,076
In accordance with the new lease accounting standard requirements, the disclosure of the impact of adoption on our consolidated statements of operations and balance sheet was as follows:
|  | December 31, 2020 |  | December 31, 2019
(Dollars in thousands) |  | As Reported, ‎December 31, 2020 |  | Balances ‎Without ‎Adoption of ‎ASC 842 |  | Effect of ‎change ‎Higher / ‎(Lower) |  | As Reported, ‎December 31, 2020 |  | Balances ‎Without ‎Adoption of ‎ASC 842 |  | Effect of ‎change ‎Higher / ‎(Lower)
Cinema costs and expenses |  | $ | 91,065 |  | $ | 91,228 |  | $ | (163) |  | $ | 210,050 |  | $ | 210,110 |  | $ | (60)
Depreciation and amortization |  |  | 22,317 |  |  | 22,224 |  |  | 93 |  |  | 22,747 |  |  | 22,582 |  |  | 165
General and administrative |  |  | 16,998 |  |  | 17,098 |  |  | (100) |  |  | 25,395 |  |  | 25,569 |  |  | (174)
Interest expense, net |  |  | 9,354 |  |  | 9,346 |  |  | 8 |  |  | 7,904 |  |  | 7,891 |  |  | 13
Income tax (benefit) expense |  |  | (4,967) |  |  | (4,914) |  |  | 53 |  |  | 28,837 |  |  | 28,819 |  |  | 18
Net income (loss) |  | $ | (65,857) |  | $ | (65,966) |  | $ | 109 |  | $ | (26,503) |  | $ | (26,541) |  | $ | 38
|  | Year Ended December 31, 2020 |  | Year Ended December 31, 2019
(Dollars in thousands) |  | As Reported, ‎December 31, 2020 |  | Balances ‎Without ‎Adoption of ‎ASC 842 |  | Effect of ‎change ‎Higher / ‎(Lower) |  | As Reported, ‎December 31, 2019 |  | Balances ‎Without ‎Adoption of ‎ASC 842 |  | Effect of ‎change ‎Higher / ‎(Lower)
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating property, net |  | $ | 353,125 |  | $ | 353,013 |  | $ | 112 |  | $ | 258,138 |  | $ | 257,933 |  | $ | 205
Intangible assets |  |  | 3,971 |  |  | 6,275 |  |  | (2,304) |  |  | 4,320 |  |  | 7,523 |  |  | (3,203)
Operating lease right-of-use assets |  |  | 220,503 |  |  | — |  |  | 220,503 |  |  | 229,879 |  |  | — |  |  | 229,879
Deferred tax asset, net |  |  | 3,362 |  |  | 3,352 |  |  | 10 |  |  | 3,444 |  |  | 3,380 |  |  | 64
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 3,826 |  | $ | 4,006 |  | $ | (180) |  | $ | 3,653 |  | $ | 3,789 |  | $ | (136)
Operating lease liabilities, current |  |  | 22,699 |  |  | — |  |  | 22,699 |  |  | 20,379 |  |  | — |  |  | 20,379
Other non-current liabilities |  |  | 22,017 |  |  | 38,855 |  |  | (16,838) |  |  | 18,854 |  |  | 35,276 |  |  | (16,422)
Operating lease liabilities, non-current |  |  | 212,806 |  |  | — |  |  | 212,806 |  |  | 223,164 |  |  | — |  |  | 223,164
Stockholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings |  | $ | 81,173 |  | $ | 81,008 |  | $ | 165 |  | $ | 139,616 |  | $ | 139,578 |  | $ | 38

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