Non-controlling Interests

6 Months Ended

Jun. 30, 2016

Note 14 – Non-controlling Interests

These are composed of the following enterprises:

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. (which in turn is 50% owned by Cotter Estate).

The components of noncontrolling interests are as follows:


	June 30,		December 31,
(Dollars in thousands)	2016		2015
Australian Country Cinemas, Pty Ltd	$	258	$	318
Shadow View Land and Farming, LLC		2,006		1,940
Sutton Hill Properties, LLC		1,982		2,073
Noncontrolling interests in consolidated subsidiaries	$	4,246	$	4,331

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


	Quarter Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
(Dollars in thousands)	2016		2015		2016		2015
Australian Country Cinemas, Pty Ltd	$	24	$	112	$	58	$	130
Shadow View Land and Farming, LLC		(7)		(45)		(17)		(57)
Sutton Hill Properties, LLC		(65)		(58)		(91)		(80)
Net income (loss) attributable to noncontrolling interests	$	(48)	$	9	$	(50)	$	(7)

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, 2016	$	132,865	$	4,331	$	137,196
Net income (loss)		5,199		(50)		5,149
Increase in additional paid in capital		340		--		340
Contributions from noncontrolling stockholders - SHP		--		84		84
Distributions to noncontrolling stockholders		--		(125)		(125)
Accumulated other comprehensive income		4,326		6		4,332
Equity at June 30, 2016	$	142,730	$	4,246	$	146,976


(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)		19,115		(7)		19,108
Increase in additional paid in capital		1,153		--		1,153
Treasury stock purchased		(3,795)		--		(3,795)
Contributions from noncontrolling stockholders - SHP		--		17		17
Distributions to noncontrolling stockholders		--		(96)		(96)
Accumulated other comprehensive loss		(13,944)		(22)		(13,966)
Equity at June 30, 2015	$	130,215	$	4,504	$	134,719