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v3.23.2

Non-controlling Interests | 6 Months Ended
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Jun. 30, 2023
Non-controlling Interests [Abstract] |
Non-controlling Interests | Note 16 – 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 the estate of Mr. James J. Cotter, Sr. (the “Cotter Estate”); and, Sutton Hill Properties, LLC - 25% noncontrolling interest owned by Sutton Hill Capital, LLC (which in turn is 50% owned by the Cotter Estate). The components of noncontrolling interests are as follows:
|  | June 30, |  | December 31,
(Dollars in thousands) |  | 2023 |  | 2022
Australian Country Cinemas, Pty Ltd |  | $ | 59 |  | $ | 26
Shadow View Land and Farming, LLC |  |  | (3) |  |  | (3)
Sutton Hill Properties, LLC |  |  | 69 |  |  | 400
Noncontrolling interests in consolidated subsidiaries |  | $ | 125 |  | $ | 423
The components of income attributable to noncontrolling interests are as follows:
|  | Quarter Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(Dollars in thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Australian Country Cinemas, Pty Ltd |  | $ | 25 |  | $ | 72 |  | $ | 35 |  | $ | 62
Shadow View Land and Farming, LLC |  |  | — |  |  | — |  |  | — |  |  | (1)
Sutton Hill Properties, LLC |  |  | (108) |  |  | (79) |  |  | (331) |  |  | (166)
Net income (loss) attributable to noncontrolling interests |  | $ | (83) |  | $ | (7) |  | $ | (296) |  | $ | (105)
Summary of Controlling and Noncontrolling Stockholders’ Equity A summary of the changes in controlling and noncontrolling stockholders’ equity is as follows:
| Common Stock |  |  | 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, 2023 | 20,410 | $ | 235 | 1,680 | $ | 17 | $ | 153,784 | $ | (48,816) | $ | (40,407) | $ | (1,957) | $ | 62,856 | $ | 423 | $ | 63,279
Net income (loss) | — |  | — | — |  | — |  | — |  | (11,111) |  | — |  | — |  | (11,111) |  | (213) |  | (11,324)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | (1,293) |  | (1,293) |  | (1) |  | (1,294)
Share-based compensation expense | — |  | — | — |  | — |  | 443 |  | — |  | — |  | — |  | 443 |  | — |  | 443
Restricted Stock Units | 89 |  | — | — |  | — |  | (132) |  | — |  | — |  | — |  | (132) |  | — |  | (132)
At March 31, 2023 | 20,499 | $ | 235 | 1,680 | $ | 17 | $ | 154,095 | $ | (59,927) | $ | (40,407) | $ | (3,250) | $ | 50,763 | $ | 209 | $ | 50,972
Net income | — |  | — | — |  | — |  | — |  | (2,778) |  | — |  | — |  | (2,778) |  | (83) |  | (2,861)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | (740) |  | (740) |  | (1) |  | (741)
Share-based compensation expense | — |  | — | — |  | — |  | 308 |  | — |  | — |  | — |  | 308 |  | — |  | 308
Restricted Stock Units | 92 |  | 1 | — |  | — |  | (113) |  | — |  | — |  | — |  | (112) |  | — |  | (112)
At June 30, 2023 | 20,591 | $ | 236 | 1,680 | $ | 17 |  | 154,290 | $ | (62,705) | $ | (40,407) | $ | (3,990) | $ | 47,441 | $ | 125 | $ | 47,566
| Common Stock |  |  | 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, 2022 | 20,260 | $ | 233 | 1,680 | $ | 17 | $ | 151,981 | $ | (12,632) | $ | (40,407) | $ | 4,882 | $ | 104,074 | $ | 986 | $ | 105,060
Net income (loss) | — |  | — | — |  | — |  | — |  | (15,354) |  | — |  | — |  | (15,354) |  | (99) |  | (15,453)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | 3,524 |  | 3,524 |  | 1 |  | 3,525
Share-based compensation expense | — |  | — | — |  | — |  | 415 |  | — |  | — |  | — |  | 415 |  | — |  | 415
Restricted Stock Units | 52 |  | 1 | — |  | — |  | (32) |  | — |  | — |  | — |  | (31) |  | — |  | (31)
Distributions to noncontrolling stockholders | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (22) |  | (22)
At March 31, 2022 | 20,312 | $ | 234 | 1,680 | $ | 17 | $ | 152,364 | $ | (27,986) | $ | (40,407) | $ | 8,406 | $ | 92,628 | $ | 866 | $ | 93,494
Net income | — |  | — | — |  | — |  | — |  | (2,436) |  | — |  | — |  | (2,436) |  | (7) |  | (2,443)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | (9,218) |  | (9,218) |  | 1 |  | (9,217)
Share-based compensation expense | — |  | — | — |  | — |  | 466 |  | — |  | — |  | — |  | 466 |  | — |  | 466
Restricted Stock Units | 49 |  | — | — |  | — |  | (52) |  | — |  | — |  | — |  | (52) |  | — |  | (52)
Distributions to noncontrolling stockholders | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | (21) |  | (21)
At June 30, 2022 | 20,361 | $ | 234 | 1,680 | $ | 17 | $ | 152,778 | $ | (30,422) | $ | (40,407) | $ | (812) | $ | 81,388 | $ | 839 | $ | 82,227

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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 https://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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