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Restatement of Previously Issued Consolidated Financial Statements (Tables) | 9 Months Ended
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Sep. 30, 2024
Restatement of Previously Issued Consolidated Financial Statements [Abstract] |
Schedule Of Effects Of Restatement On Consolidated Financials Statements | As of and for the nine months ended September 30, 2024 The effects of the restatement on the Consolidated Balance Sheet as of September 30, 2024 are summarized in the following table:
|  | As of September 30, 2024
|  | As Previously Reported |  | Adjustment in Thousands |  | As Restated
Accounts payable and accrued liabilities |  | $ | 44,636 |  | $ | 3,577 |  | $ | $48,213
Total current liabilities |  | $ | 139,536 |  | $ | 3,577 |  | $ | 143,113
Total liabilities |  | $ | 491,080 |  | $ | 3,577 |  | $ | 494,657
Retained earnings/(deficits) |  | $ | (108,974) |  | $ | (3,577) |  | $ | (112,551)
Total Reading International, Inc. stockholders’ equity |  | $ | 5,175 |  | $ | (3,577) |  | $ | 1,598
Total stockholders’ equity |  | $ | 4,606 |  | $ | (3,577) |  | $ | 1,029
For the three months ended September 30, 2024 The effects of the restatement on the Consolidated Statement of Income for the three months ended September 30, 2024, are summarized in the following table.
|  | For the three months ended September 30, 2024
|  | As Previously Reported |  | Adjustment in Thousands |  | As Restated
Cinema expenses |  | $ | (49,371) |  | $ | (97) |  | $ | (49,468)
Total costs and expenses |  |  | (60,336) |  |  | (97) |  |  | (60,433)
Operating income (loss) |  |  | (246) |  |  | (97) |  |  | (343)
Interest expense, net |  |  | (5,229) |  |  | (16) |  |  | (5,245)
Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures |  |  | (6,398) |  |  | (112) |  |  | (6,510)
Income (loss) before income taxes |  |  | (6,327) |  |  | (112) |  |  | (6,439)
Net income (loss) |  |  | (7,027) |  |  | (112) |  |  | (7,139)
Net income (loss) attributable to Reading International, Inc. |  |  | (6,916) |  |  | (112) |  |  | (7,028)
Basic earnings (loss) per share |  |  | (0.31) |  |  | (0.00) |  |  | (0.31)
Diluted earnings (loss) per share |  | $ | (0.31) |  | $ | (0.00) |  | $ | (0.31)
The effects of the restatement on the Summary of Controlling and Noncontrolling Stockholders’ Equity for the three months ended September 30, 2024, are summarized in the following table.
|  | Retained earnings / (deficits)
|  | As Previously Reported |  | Adjustment in Thousands |  | As Restated
Net loss |  | $ | (108,974) |  | $ | (3,577) |  | $ | (112,551)
At September 30, 2024 |  | $ | (108,974) |  | $ | (3,577) |  | $ | (112,551)
|  | Total stockholders’ equity
|  | As Previously Reported |  | Adjustment in Thousands |  | As Restated
Net loss |  | $ | 4,606 |  | $ | (3,577) |  | $ | 1,029
At September 30, 2024 |  | $ | 4,606 |  | $ | (3,577) |  | $ | 1,029
The effects of the restatement on the Consolidated Statement of Comprehensive Income for the three months ended September 30, 2024, are summarized in the following table.
|  | For the three months ended September 30, 2024
|  | As Previously Reported |  | Adjustment in Thousands |  | As Restated
Net income (loss) |  | $ | (7,027) |  | $ | (112) |  | $ | (7,139)
Comprehensive income (loss) |  |  | (5,528) |  |  | (112) |  |  | (5,640)
Comprehensive income (loss) |  | $ | (5,422) |  | $ | (112) |  | $ | (5,534)
|  | For the nine months ended September 30, 2024
|  | As Previously Reported |  | Adjustment in Thousands |  | As Restated
Net income (loss) |  | $ | (29,966) |  | $ | (3,577) |  | $ | (33,543)
Comprehensive income (loss) |  |  | (30,121) |  |  | (3,577) |  |  | (33,698)
Comprehensive income (loss) |  | $ | (29,643) |  | $ | (3,577) |  | $ | (33,220)
For the nine months ended September 30, 2024 The effects of the restatement on the Consolidated Statement of Income for the nine months ended September 30, 2024, are summarized in the following table.
|  | For the nine months ended September 30, 2024
|  | As Previously Reported |  | Adjustment in Thousands |  | As Restated
Cinema expenses |  | $ | (129,509) |  | $ | (3,435) |  | $ | (132,944)
Total costs and expenses |  |  | (164,078) |  |  | (3,435) |  |  | (167,513)
Operating income (loss) |  |  | (12,127) |  |  | (3,435) |  |  | (15,562)
Interest expense, net |  |  | (15,766) |  |  | (141) |  |  | (15,907)
Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures |  |  | (29,809) |  |  | (3,577) |  |  | (33,386)
Income (loss) before income taxes |  |  | (29,645) |  |  | (3,577) |  |  | (33,222)
Net income (loss) |  |  | (29,966) |  |  | (3,577) |  |  | (33,543)
Net income (loss) attributable to Reading International, Inc. |  |  | (29,485) |  |  | (3,577) |  |  | (33,062)
Basic earnings (loss) per share |  |  | (1.32) |  |  | (0.16) |  |  | (1.48)
Diluted earnings (loss) per share |  | $ | (1.32) |  | $ | (0.16) |  | $ | (1.48)
‎ ‎ The effects of the restatement on the Consolidated Statement of Cash Flows for the nine months ended September 30, 2024 are summarized in the following table:
|  | For the nine months ended September 30, 2024
|  | As Previously Reported |  | Adjustment in Thousands |  | As Restated
Net income (loss) |  | $ | (29,966) |  | $ | (3,577) |  | $ | (33,543)
Accounts payable and accrued liabilities |  | $ | 3,574 |  | $ | 3,577 |  | $ | 7,151

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 + Details
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