Non-controlling Interests

3 Months Ended

Mar. 31, 2017

Non-controlling Interests [Abstract]

Non-controlling Interests

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 either the estate of Mr. James J. Cotter, Sr. (the “Cotter Estate”) or the James J. Cotter, Sr. Living Trust (the “Cotter Trust”); and,

· Sutton Hill Properties, LLC -- 25% noncontrolling interest owned by Sutton Hill Capital, LLC (which in turn is 50% owned by Cotter Estate and/or the Cotter Trust).

The components of noncontrolling interests are as follows:

	March 31,		December 31,
(Dollars in thousands)	2017		2016
Australian Country Cinemas, Pty Ltd	$	244	$	264
Shadow View Land and Farming, LLC		2,005		1,980
Sutton Hill Properties, LLC		2,158		2,174
Noncontrolling interests in consolidated subsidiaries	$	4,407	$	4,418

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

	Three Months Ended
	March 31,		March 31,
(Dollars in thousands)	2017		2016
Australian Country Cinemas, Pty Ltd	$	44	$	34
Shadow View Land and Farming, LLC		(16)		(10)
Sutton Hill Properties, LLC		(16)		(26)
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	$	12	$	(2)

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, 2017	$	142,197	$	4,418	$	146,615
Net income		3,029		12		3,041
Increase in additional paid in capital		169		--		169
Treasury stock purchased		(672)		--		(672)
Contributions from noncontrolling stockholders - SHP		--		41		41
Distributions to noncontrolling stockholders		--		(77)		(77)
Accumulated other comprehensive income		5,861		13		5,874
Equity at March 31, 2017	$	150,584	$	4,407	$	154,991
(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)		2,226		(2)		2,224
Increase in additional paid in capital		143		--		143
Distributions to noncontrolling stockholders		--		(55)		(55)
Accumulated other comprehensive loss		6,340		16		6,356
Equity at March 31, 2016	$	141,574	$	4,290	$	145,864