Business Segments

3 Months Ended

Mar. 31, 2015

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, New Zealand, and the United States.

The tables below summarize the results of operations for each of our principal business segments for the three months ended March 31, 2015 and 2014, 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):

Three Months Ended March 31, 2015	Cinema Exhibition		Real Estate		Intersegment Eliminations		Total
Revenue	$	56,899	$	5,404	$	(1,718)	$	60,585
Operating expense		46,859		2,140		(1,718)		47,281
Depreciation and amortization		2,827		845		--		3,672
General and administrative expense		874		128		--		1,002
Segment operating income	$	6,339	$	2,291	$	--	$	8,630
Three Months Ended March 31, 2014	Cinema Exhibition		Real Estate		Intersegment Eliminations		Total
Revenue	$	53,424	$	6,579	$	(1,950)	$	58,053
Operating expense		45,740		2,975		(1,950)		46,765
Depreciation and amortization		2,796		918		--		3,714
General and administrative expense		898		173		--		1,071
Segment operating income	$	3,990	$	2,513	$	--	$	6,503

Reconciliation to net income attributable to Reading International, Inc. shareholders:	2015 Quarter		2014 Quarter
Total segment operating income	$	8,630	$	6,503
Non-segment:
Depreciation and amortization expense		70		91
General and administrative expense		3,327		3,831
Operating income		5,233		2,581
Interest expense, net		(2,575)		(2,297)
Other income		2,731		744
Income tax expense		(2,523)		(1,592)
Equity earnings of unconsolidated joint ventures and entities		236		310
Net income (loss)	$	3,102	$	(254)
Net loss attributable to noncontrolling interests		16		39
Net income (loss) attributable to Reading International, Inc. common shareholders	$	3,118	$	(215)