Business Segments

3 Months Ended

Mar. 31, 2012

Business Segments [Abstract]

Business Segments

Note 3 – Business Segments

     We organize our operations into two reportable business segments within the meaning of FASB ASC 280-10 - Segment Reporting. Our reportable segments are (1) cinema exhibition and (2) real estate. The cinema exhibition segment is engaged in the development, ownership, and operation of multiplex cinemas. The real estate segment is engaged in the development, ownership, and operation of commercial properties. Incident to our real estate operations we have acquired, and continue to hold, raw land in urban and suburban centers in Australia and New Zealand.

     The tables below summarize the results of operations for each of our principal business segments for the three months ended March 31, 2012 and 2011, respectively. Operating expense includes costs associated with the day-to-day operations of the cinemas and the management of rental properties including our live theater assets (dollars in thousands):

		Cinema				Intersegment
Three Months Ended March 31, 2012		Exhibition		Real Estate		Eliminations			Total
Revenue	$	57,402	$	7,132	$	(1,882	)	$	62,652
Operating expense		48,215		2,795		(1,882	)		49,128
Depreciation & amortization		2,830		1,228		--			4,058
General & administrative expense		702		179		--			881
Segment operating income	$	5,655	$	2,930	$	--		$	8,585
		Cinema				Intersegment
Three Months Ended March 31, 2011		Exhibition		Real Estate		Eliminations			Total
Revenue	$	49,473	$	6,436	$	(1,667	)	$	54,242
Operating expense		43,140		2,431		(1,667	)		43,904
Depreciation & amortization		2,904		1,222		--			4,126
General & administrative expense		612		187		--			799
Segment operating income	$	2,817	$	2,596	$	--		$	5,413

Reconciliation to net loss attributable to Reading International, Inc.		2012			2011
shareholders:		Quarter			Quarter
Total segment operating income	$	8,585		$	5,413
Non-segment:
Depreciation and amortization expense		139			3
General and administrative expense		3,539			3,436
Operating income		4,907			1,974
Interest expense, net		(3,759	)		(3,930	)
Other expense		(45	)		(19	)
Income tax expense		(1,625	)		(636	)
Equity earnings of unconsolidated joint ventures and entities		413			364
Net loss	$	(109	)	$	(2,247	)
Net income attributable to noncontrolling interests		(130	)		(233	)
Net loss attributable to Reading International, Inc. common shareholders	$	(239	)	$	(2,480	)