Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2011

Note 16 – Comprehensive Income (Loss)

U.S. GAAP requires that the effect of foreign currency translation adjustments and unrealized gains and/or losses on securities that are available-for-sale ("AFS") be classified as comprehensive income (loss). The following table sets forth our comprehensive income (loss) for the periods indicated (dollars in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Net income (loss)	$	17,613		$	(13,561	)	$	15,366		$	(12,993	)
Foreign currency translation gain (loss)		8,782			(9,434	)		11,437			(8,407	)
Amortization of pension prior service costs		82			76			164			152
Realized gain on available for sale investments		(23	)		--			(23	)		--
Unrealized gain (loss) on available for sale investments		(219	)		(474	)		106			(256	)
Comprehensive income (loss)		26,235			(23,393	)		27,050			(21,504	)
Net income attributable to noncontrolling interest		(181	)		(153	)		(414	)		(368	)
Comprehensive (income) loss attributable to noncontrolling interest		(17	)		28			(24	)		20
Comprehensive income (loss) attributable to Reading International, Inc.	$	26,037		$	(23,518	)	$	26,612		$	(21,852	)

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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