Noncontrolling interests

9 Months Ended

Sep. 30, 2011

Noncontrolling interests [Abstract]

Noncontrolling interests

Note 14 – Noncontrolling interests

Noncontrolling interests are composed of the following enterprises:

·50% membership interest in Angelika Film Centers LLC ("AFC LLC") owned by a subsidiary of iDNA, Inc.;

·25% noncontrolling interest in Australia Country Cinemas Pty Ltd ("ACC") owned by Panorama Cinemas for the 21^st Century Pty Ltd.; and

·25% noncontrolling interest in the Sutton Hill Properties, LLC owned by SHC.

The components of noncontrolling interests are as follows (dollars in thousands):

	September 30, 2011	December 31, 2010
AFC LLC	$     772	$     681
Australia Country Cinemas	297	162
Elsternwick unincorporated joint venture	--	176
Sutton Hill Properties	(194)	(167)
Noncontrolling interests in consolidated subsidiaries	$     875	$     852

The components of income attributable to noncontrolling interests are as follows (dollars in thousands):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2011	2010	2011	2010
AFC LLC	$  192	$  116	$  566	$  461
Australia Country Cinemas	129	83	265	201
Elsternwick Unincorporated Joint Venture	--	(3)	25	41
Sutton Hill Properties	(68)	(60)	(189)	(198)
Net income attributable to noncontrolling interest	$  253	$  136	$  667	$  505

Elsternwick Sale

            On April 14, 2011, we sold our 66.7% share of the 5-screen Elsternwick Classic cinema located in Melbourne, Australia to our joint venture partner for $1.9 million (AUS$1.8 million) and recognized a gain on sale of a discontinued operation of $1.7 million (AUS$1.6 million).

            A summary of the changes in controlling and noncontrolling stockholders' equity is as follows (dollars in thousands):

	Reading International, Inc. Stockholders' Equity	Noncontrolling Interests	Total Stockholders' Equity
Equity at – January 1, 2011	$     111,787	$         852	$     112,639
Net income	14,990	667	15,657
Increase in additional paid in capital	142	163	305
Treasury stock purchased	(328)	--	(328)
Distributions to noncontrolling interests	--	(655)	(655)
Cinema sale to noncontrolling shareholder	--	(147)	(147)
Accumulated other comprehensive loss	(6,570)	(5)	(6,575)
Equity at – September 30, 2011	$     120,021	$         875	$     120,896

	Reading International, Inc. Stockholders' Equity	Noncontrolling Stockholders' Equity	Total Stockholders' Equity
Equity at – January 1, 2010	$     108,889	$      1,374	$     110,263
Net income (loss)	(12,120)	505	(11,615)
Decrease in additional paid in capital	(581)	--	(581)
Treasury stock purchased	(251)	--	(251)
Contributions to noncontrolling interests	--	200	200
Distributions to noncontrolling interests	--	(1,028)	(1,028)
Accumulated other comprehensive income	7,808	30	7,838
Equity at – September 30, 2010	$     103,745	$      1,081	$     104,826