XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.25.1

Non-controlling Interests | 9 Months Ended
--- | ---
Sep. 30, 2024
Non-controlling Interests [Abstract] |
Non-controlling Interests | Note 17 – 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:
|  | September 30, |  | December 31,
(Dollars in thousands) |  | 2024 |  | 2023
Australian Country Cinemas, Pty Ltd |  | $ | 108 |  | $ | 76
Shadow View Land and Farming, LLC |  |  | (2) |  |  | (2)
Sutton Hill Properties, LLC |  |  | (675) |  |  | (165)
Noncontrolling interests in consolidated subsidiaries |  | $ | (569) |  | $ | (91)
The components of income attributable to noncontrolling interests are as follows:
|  | Quarter Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(Dollars in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Australian Country Cinemas, Pty Ltd |  | $ | 39 |  | $ | 25 |  | $ | 30 |  | $ | 60
Shadow View Land and Farming, LLC |  |  | — |  |  | 1 |  |  | — |  |  | 1
Sutton Hill Properties, LLC |  |  | (150) |  |  | (91) |  |  | (511) |  |  | (422)
Net income (loss) attributable to noncontrolling interests |  | $ | (111) |  | $ | (65) |  | $ | (481) |  | $ | (361)
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, 2024 | 20,664 | $ | 237 | 1,681 | $ | 17 | $ | 155,402 | $ | (79,489) | $ | (40,407) | $ | (2,673) | $ | 33,087 | $ | (91) | $ | 32,996
Net income (loss) | — |  | — | — |  | — |  | — |  | (13,228) |  | — |  | — |  | (13,228) |  | (175) |  | (13,403)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | (2,538) |  | (2,538) |  | (3) |  | (2,541)
Share-based compensation expense | — |  | — | — |  | — |  | 678 |  | — |  | — |  | — |  | 678 |  | -- |  | 678
Restricted Stock Units | 9 |  | — | — |  | — |  | (2) |  | — |  | — |  | — |  | (2) |  | -- |  | (2)
At March 31, 2024 | 20,673 | $ | 237 | 1,681 | $ | 17 | $ | 156,078 | $ | (92,717) | $ | (40,407) | $ | (5,211) | $ | 17,997 | $ | (269) | $ | 17,728
Net income | — |  | — | — |  | — |  | — |  | (12,806) |  | — |  | — |  | (12,806) |  | (195) |  | (13,001)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | 886 |  | 886 |  | 1 |  | 887
Share-based compensation expense | — |  | — | — |  | — |  | 456 |  | — |  | — |  | — |  | 456 |  | -- |  | 456
Restricted Stock Units | 70 |  | 1 | — |  | — |  | (5) |  | — |  | — |  | — |  | (4) |  | -- |  | (4)
At June 30, 2024 | 20,743 | $ | 238 | 1,681 | $ | 17 | $ | 156,529 | $ | (105,523) | $ | (40,407) | $ | (4,325) | $ | 6,529 | $ | (463) | $ | 6,066
Net income | — |  | — | — |  | — |  | — |  | (7,028) |  | — |  | — |  | (7,028) |  | (111) |  | (7,139)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | 1,494 |  | 1,494 |  | 5 |  | 1,499
Share-based compensation expense | — |  | — | — |  | — |  | 603 |  | — |  | — |  | — |  | 603 |  | — |  | 603
At September 30, 2024( As Restated) | 20,743 | $ | 238 | 1,681 | $ | 17 | $ | 157,132 | $ | (112,551) | $ | (40,407) | $ | (2,831) | $ | 1,598 | $ | (569) | $ | 1,029
| 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 | 20,412 | $ | 235 | 1,681 | $ | 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 | 20,501 | $ | 235 | 1,681 | $ | 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 | 20,593 | $ | 236 | 1,681 | $ | 17 | $ | 154,290 | $ | (62,705) | $ | (40,407) | $ | (3,990) | $ | 47,441 | $ | 125 | $ | 47,566
Net income | — |  | — | — |  | — |  | — |  | (4,400) |  | — |  | — |  | (4,400) |  | (65) |  | (4,465)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | (1,657) |  | (1,657) |  | (3) |  | (1,660)
Share-based compensation expense | — |  | — | — |  | — |  | 614 |  | — |  | — |  | — |  | 614 |  | -- |  | 614
Restricted Stock Units | 0 |  | — | — |  | — |  | — |  | — |  | — |  | — |  | -- |  | -- |  | --
At September 30, 2023 | 20,593 | $ | 236 | 1,681 | $ | 17 | $ | 154,904 | $ | (67,105) | $ | (40,407) | $ | (5,647) | $ | 41,998 | $ | 57 | $ | 42,055

X
- 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 -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
Name: | us-gaap_MinorityInterestDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_NoncontrollingInterestItemsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration