Noncontrolling Interests

3 Months Ended

Mar. 31, 2015

Note 14 – Noncontrolling interests

Noncontrolling interests are composed of the following enterprises:

Australia Country Cinemas Pty Ltd. (“ACC”) 25% noncontrolling interest owned by Panorama Cinemas for the 21st Century Pty Ltd.;

Shadow View Land and Farming, LLC 50% noncontrolling membership interest owned by the estate of Mr. James J. Cotter, Sr.; and

Sutton Hill Properties, LLC (“SHP”) 25% noncontrolling interest owned by Sutton Hill Capital, LLC.

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



		March 31,		December 31,
		2015		2014
Australian Country Cinemas	$	313	$	410
Shadow View Land and Farming LLC		2,005		2,000
Sutton Hill Properties		2,180		2,202
Noncontrolling interests in consolidated subsidiaries	$	4,498	$	4,612

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



		Three Months Ended
		March 31,
		2015		2014
Australian Country Cinemas	$	18	$	5
Shadow View Land and Farming LLC		(13)		(19)
Sutton Hill Properties		(21)		(25)
Net income (loss) attributable to noncontrolling interest	$	(16)	$	(39)

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, 2015	$	127,686	$	4,612	$	132,298
Net income (loss)		3,118		(16)		3,102
Increase in additional paid in capital		383		--		383
Treasury stock purchased		(1,828)		--		(1,828)
Contributions from noncontrolling stockholders - SHP		--		17		17
Distributions to noncontrolling stockholders		--		(90)		(90)
Accumulated other comprehensive income (loss)		(9,837)		(25)		(9,862)
Equity at – March 31, 2015	$	119,522	$	4,498	$	124,020


		Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at – January 1, 2014	$	117,140	$	4,607	$	121,747
Net loss		(215)		(39)		(254)
Increase in additional paid in capital		4		102		106
Distributions to noncontrolling stockholders		--		(54)		(54)
Accumulated other comprehensive income (loss)		7,774		(81)		7,693
Equity at – March 31, 2014	$	124,703	$	4,535	$	129,238

- 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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