Noncontrolling Interests

12 Months Ended

Dec. 31, 2015

NOTE 13 – Noncontrolling interests

As of December 31, 2015, the noncontrolling interests in our consolidated subsidiaries are comprised of the following:

Australia Country Cinemas Pty Ltd. -- 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 -- 25% noncontrolling interest owned by Sutton Hill Capital, LLC.

The components of noncontrolling interest are as follows:


(Dollars in thousands)	December 31, 2015		December 31, 2014
AFC LLC	$	--	$	--
Australian Country Cinemas, Pty Ltd		318		410
Shadow View Land and Farming, LLC		1,940		2,000
Sutton Hill Properties, LLC		2,073		2,202
Noncontrolling interests in consolidated subsidiaries	$	4,331	$	4,612

The components of income/(loss) attributable to noncontrolling interests are as follows:


(Dollars in thousands)	2015		2014		2013
AFC LLC	$	--	$	--	$	173
Australian Country Cinemas, Pty Ltd		126		143		129
Shadow View Land and Farming, LLC		(77)		(64)		(50)
Sutton Hill Properties, LLC		(128)		(136)		(148)
Noncontrolling interests in consolidated subsidiaries	$	(79)	$	(57)	$	104

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 at December 31, 2013 was reflected as a change in our additional paid in capital.

Shadow View Land and Farming, LLC

This land is held in Shadow View Land and Farming, LLC, in which the Cotter Estate or the Cotter Trust now owns a 50% interest. We are the managing member of Shadow View Land and Farming, LLC. We consolidate the Cotter Estate’s and/or the Cotter Trust’s interest in the property and its expenses with that of our interest and show their interest as a noncontrolling interest. Note 4 – Acquisitions, Disposals, and Assets Held for Sale.

Sutton Hill Properties

On June 18, 2013, our co-investor, having a 25% interest in our Sutton Hill Properties subsidiary, contributed $2.25 million toward the payoff of our SHC Note 2 for $9.0 million, resulting in a $2.25 million contribution of capital to Sutton Hill Properties (See Note 10 – Debt).