Non-controlling Interests

3 Months Ended

Mar. 31, 2018

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 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”) and/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 the Cotter Estate and/or the Cotter Trust).

The components of noncontrolling interests are as follows:

	March 31,		December 31,
(Dollars in thousands)	2018		2017
Australian Country Cinemas, Pty Ltd	$	131	$	138
Shadow View Land and Farming, LLC		2,142		2,127
Sutton Hill Properties, LLC		2,059		2,066
Noncontrolling interests in consolidated subsidiaries	$	4,332	$	4,331

The components of income attributable to noncontrolling interests are as follows:

	Three Months Ended
	March 31,		March 31,
(Dollars in thousands)	2018		2017
Australian Country Cinemas, Pty Ltd	$	41	$	44
Shadow View Land and Farming, LLC		(13)		(16)
Sutton Hill Properties, LLC		(6)		(16)
Net income attributable to noncontrolling interests	$	22	$	12

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, 2018	$	176,910	$	4,331	$	181,241
Adjustments to opening retained earnings on adoption of ASC 606		194		(2)		192
Net income		3,047		22		3,069
Increase in additional paid in capital		339		--		339
Treasury stock purchased		(317)		--		(317)
Contributions from noncontrolling stockholders		--		27		27
Distributions to noncontrolling stockholders		--		(43)		(43)
Accumulated other comprehensive income		(750)		(3)		(753)
Equity at March 31, 2018	$	179,423	$	4,332	$	183,755
(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		--		41		41
Distributions to noncontrolling stockholders		--		(77)		(77)
Accumulated other comprehensive loss		5,861		13		5,874
Equity at March 31, 2017	$	150,584	$	4,407	$	154,991