Non-controlling Interests

6 Months Ended

Jun. 30, 2018

Non-controlling Interests [Abstract]

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:


	June 30,		December 31,
(Dollars in thousands)	2018		2017
Australian Country Cinemas, Pty Ltd	$	168	$	138
Shadow View Land and Farming, LLC		2,156		2,127
Sutton Hill Properties, LLC		2,081		2,066
Noncontrolling interests in consolidated subsidiaries	$	4,405	$	4,331

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


	Quarter Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
(Dollars in thousands)	2018		2017		2018		2017
Australian Country Cinemas, Pty Ltd	$	93	$	68	$	133	$	113
Shadow View Land and Farming, LLC		(13)		(11)		(25)		(27)
Sutton Hill Properties, LLC		22		(37)		16		(54)
Net income attributable to noncontrolling interests	$	102	$	20	$	124	$	32

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		8,045		124		8,169
Increase in additional paid in capital		670		--		670
Treasury stock purchased		(397)		--		(397)
Contributions from noncontrolling stockholders		--		55		55
Distributions to noncontrolling stockholders		--		(93)		(93)
Sale of noncontrolling interest		--		--		--
Accumulated other comprehensive income		(8,659)		(10)		(8,669)
Equity at June 30, 2018	$	176,763	$	4,405	$	181,168

(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		22,063		32		22,095
Increase in additional paid in capital		610		--		610
Treasury stock purchased		(3,400)		--		(3,400)
Contributions from noncontrolling stockholders		--		49		49
Distributions to noncontrolling stockholders		--		(131)		(131)
Accumulated other comprehensive loss		8,489		13		8,502
Equity at June 30, 2017	$	169,959	$	4,381	$	174,340