XML 62 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Common Stock
12 Months Ended
Dec. 31, 2011
Common Stock [Abstract]  
Common Stock

Note 21 - Common Stock

     Our common stock trades on the NASDAQ under the symbols RDI and RDIB which are our Class A (non-voting) and Class B (voting) stock, respectively. Our Class A (non-voting) has preference over our Class B (voting) share upon liquidation. No dividends have ever been issued for either share class.

2011 Common Stock Activity

     During 2011, we issued 174,825 of Class A Nonvoting shares to certain executive employee associated with his prior years' stock grants.

During 2011, we purchased 172,300 of Class A Nonvoting shares on the open market for $747,000.

 

2010 Common Stock Activity

     During 2010, we issued 148,616 shares of Class A Stock (non-voting) to certain executive employees associated with their prior years' stock bonuses. Additionally, we canceled 4,348,780 shares of Class A Stock (non-voting) held as treasury by one of our subsidiaries due to an issuance error made in 2002 associated with the consolidation of Reading Entertainment Inc. and Craig Corporation, Inc. into Reading International, Inc.

     For the stock options exercised during 2010, we issued for cash to employees or directors of the corporation under our employee stock option plan 90,000 shares of Class A Stock at an exercise price of $2.76 per share.

     Due to a perceived low price to our common shares, during the first quarter of 2010, we purchased 62,375 shares for a total cost of $251,000. Also, as a result of our revised Village East Cinema building lease, we recorded a deemed equity distribution of $877,000 (see Note 26 – Related Parties and Transactions).

2009 Common Stock Activity

     During 2009, we issued 146,017 shares of Class A Stock to certain executive employees associated with their prior years' stock bonuses. Additionally, 98,949 shares of Class A Stock which were previously held as treasury shares were canceled during 2009.

     For the stock options exercised during 2009, we issued for cash to an employee of the corporation under our employee stock option plan 3,000 shares of Class A Stock at an exercise price of $3.80 per share.