Noncontrolling Interests

9 Months Ended

Sep. 30, 2013

Note 14 – Noncontrolling interests

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



		September 30, 2013		December 31, 2012
AFC LLC	$	--	$	1,737
Australian Country Cinemas		524		601
Shadow View Land and Farming LLC		1,874		1,912
Sutton Hill Properties ("SHP")		2,203		(152)
Noncontrolling interests in consolidated subsidiaries	$	4,601	$	4,098

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



		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
AFC LLC	$	--	$	174	$	173	$	467
Australian Country Cinemas		49		(1)		97		71
Shadow View Land and Farming LLC		(24)		(56)		(38)		(111)
Sutton Hill Properties		13		(84)		(158)		(278)
Net income (loss) attributable to noncontrolling interest	$	38	$	33	$	74	$	149

Summary of Controlling and Noncontrolling Stockholders’ Equity

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



		Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at – January 1, 2013	$	126,856	$	4,098	$	130,954
Net income		5,860		74		5,934
Increase in additional paid in capital		297		76		373
Contributions from noncontrolling stockholders - SHP		--		2,513		2,513
Distributions to noncontrolling stockholders		--		(2,103)		(2,103)
Accumulated other comprehensive loss		(12,488)		(57)		(12,545)
Equity at – September 30, 2013	$	120,525	$	4,601	$	125,126


		Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at – January 1, 2012	$	123,752	$	1,235	$	124,987
Net income		361		149		510
Increase in additional paid in capital		548		--		548
Contributions from noncontrolling stockholders		--		3,350		3,350
Accumulated other comprehensive income		4,695		5		4,700
Equity at – September 30, 2012	$	129,356	$	4,739	$	134,095

AFC LLC Acquisition of Noncontrolling Interest

On June 28, 2013, we acquired the interest in AFC LLC that we did not already own in consideration of the release of certain claims we held against the owner of that interest under a guaranty agreement. The removal of the AFC LLC noncontrolling interest balance of $76,000 was reflected as a change in our additional paid in capital pursuant to FASB ASC 810-10-45.

- 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.

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