Non-controlling Interests

9 Months Ended

Sep. 30, 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:

	September 30,		December 31,
(Dollars in thousands)	2018		2017
Australian Country Cinemas, Pty Ltd	$	103	$	138
Shadow View Land and Farming, LLC		2,161		2,127
Sutton Hill Properties, LLC		2,096		2,066
Noncontrolling interests in consolidated subsidiaries	$	4,360	$	4,331

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

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands)	2018		2017		2018		2017
Australian Country Cinemas, Pty Ltd	$	(36)	$	72	$	96	$	184
Shadow View Land and Farming, LLC		(16)		(132)		(41)		(158)
Sutton Hill Properties, LLC		14		(38)		33		(92)
Net income attributable to noncontrolling interests	$	(38)	$	(98)	$	88	$	(66)

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	$	177,287	$	4,331	$	181,618
Adjustments to opening retained earnings on adoption of ASC 606		194		(2)		192
Net income		9,405		88		9,493
Increase in additional paid in capital		1,162		—		1,162
Treasury stock purchased		(397)		—		(397)
Contributions from noncontrolling stockholders		—		75		75
Distributions to noncontrolling stockholders		—		(117)		(117)
Accumulated other comprehensive income		(12,148)		(15)		(12,163)
Equity at September 30, 2018	$	175,503	$	4,360	$	179,863
(Dollars in thousands)	Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at January 1, 2017	$	142,472	$	4,418	$	146,890
Net income		23,677		(66)		23,611
Increase in additional paid in capital		936		—		936
Treasury stock purchased		(6,475)		—		(6,475)
Contributions from noncontrolling stockholders		—		63		63
Distributions to noncontrolling stockholders		—		(240)		(240)
Accumulated other comprehensive loss		10,323		20		10,343
Equity at September 30, 2017	$	170,933	$	4,195	$	175,128