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Non-controlling Interests | 9 Months Ended
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Sep. 30, 2025
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”). This limited liability company has no assets, known liabilities or ongoing business activities; and, Sutton Hill Properties, LLC - 25% noncontrolling interest owned by Sutton Hill Capital, LLC (which in turn is indirectly 50% owned by the Cotter Estate). On September 30, 2025, we entered into an agreement to purchase the remaining interest in Sutton Hill Properties, LLC so that RDI will own 100% of this subsidiary, subject to satisfaction of certain terms prior to closing which is expected in Q4 2025. The components of noncontrolling interests are as follows:
|  | September 30, |  | December 31,
(Dollars in thousands) |  | 2025 |  | 2024
Australian Country Cinemas, Pty Ltd |  | $ | 126 |  | $ | 128
Shadow View Land and Farming, LLC |  |  | (2) |  |  | (2)
Sutton Hill Properties, LLC |  |  | (1,074) |  |  | (552)
Noncontrolling interests in consolidated subsidiaries |  | $ | (950) |  | $ | (426)
The components of income attributable to noncontrolling interests are as follows:
|  | Quarter Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(Dollars in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Australian Country Cinemas, Pty Ltd |  | $ | 15 |  | $ | 39 |  | $ | 45 |  | $ | 30
Shadow View Land and Farming, LLC |  |  | — |  |  | — |  |  | — |  |  | —
Sutton Hill Properties, LLC |  |  | (163) |  |  | (150) |  |  | (522) |  |  | (511)
Net income (loss) attributable to noncontrolling interests |  | $ | (148) |  | $ | (111) |  | $ | (477) |  | $ | (481)
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, 2025 | 20,743 | $ | 238 | 1,681 | $ | 17 | $ | 157,751 | $ | (114,790) | $ | (40,407) | $ | (7,173) | $ | (4,364) | $ | (426) | $ | (4,790)
Net income (loss) | — |  | — | — |  | — |  | — |  | (4,756) |  | — |  | — |  | (4,756) |  | (191) |  | (4,947)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | 452 |  | 452 |  | 1 |  | 453
Share-based compensation expense | — |  | — | — |  | — |  | 600 |  | — |  | — |  | — |  | 600 |  | -- |  | 600
At March 31, 2025 | 20,743 | $ | 238 | 1,681 | $ | 17 | $ | 158,351 | $ | (119,546) | $ | (40,407) | $ | (6,721) | $ | (8,068) | $ | (616) | $ | (8,684)
Net income | — |  | — | — |  |  |  | — |  | (2,667) |  | — |  | — |  | (2,667) |  | (137) |  | (2,804)
Other comprehensive income, net | — |  | — | — |  |  |  | — |  | — |  | — |  | 2,704 |  | 2,704 |  | 8 |  | 2,712
Share-based compensation expense | — |  | — | — |  |  |  | 530 |  | — |  | — |  | — |  | 530 |  | -- |  | 530
Restricted Stock Units | 291 |  | 3 | — |  |  |  | (185) |  | — |  | — |  | — |  | (182) |  | -- |  | (182)
At June 30, 2025 | 21,034 | $ | 241 | 1,681 | $ | 17 |  | 158,696 |  | (122,213) |  | (40,407) |  | (4,017) |  | (7,683) |  | (745) |  | (8,428)
Net income | — |  | — | — |  | — |  | — |  | (4,157) |  | — |  | — |  | (4,157) |  | (148) |  | (4,305)
Other comprehensive income, net | — |  | — | — |  | — |  | — |  | — |  | — |  | (613) |  | (613) |  | — |  | (613)
Share-based compensation expense | — |  | — | — |  | — |  | 391 |  | — |  | — |  | — |  | 391 |  | — |  | 391
Distributions to noncontrolling stockholders | — |  | — | — |  | — |  | 0 |  | — |  | — |  | — |  | -- |  | (57) |  | (57)
At September 30, 2025 | 21,034 |  | 241 | 1,681 |  | 17 |  | 159,087 |  | (126,370) |  | (40,407) |  | (4,630) |  | (12,062) |  | (950) |  | (13,012)
| 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
Restricted Stock Units | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | -- |  | -- |  | --
At September 30, 2024 | 20,743 | $ | 238 | 1,681 | $ | 17 | $ | 157,132 | $ | (112,551) | $ | (40,407) | $ | (2,831) | $ | 1,598 | $ | (569) | $ | 1,029

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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 -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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