Summary Of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2018

Summary Of Significant Accounting Policies [Abstract]

Effect of the Adoption of ASC 2014-09 and 606 on Financial Statements

The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASU 2014-09 Revenue from Contracts with Customers were as follows:

(Dollars in thousands)	Balance at December 31, 2017		Adjustments due to ASU 2014-09		Balance at January 1, 2018
Assets
Deferred income taxes	$	24,746	$	(161)	$	24,585
Liabilities
Deferred current revenue	$	9,850	$	(355)	$	9,495
Stockholders' Equity
Retained earnings	$	33,056	$	194	$	33,250

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our consolidated income statement and balance sheet was as follows:

	Quarter Ended September 30, 2018						Nine months Ended September 30, 2018
(Dollars in thousands)	As Reported, September 30, 2018		Balances Without Adoption of ASC 606		Effect of change Higher / (Lower)		As Reported, September 30, 2018		Balances Without Adoption of ASC 606		Effect of change Higher / (Lower)
Revenues
Cinema	$	70,671	$	71,185	$	(514)	$	223,109	$	223,372	$	(263)
Income tax expense		(1,482)		(1,637)		(155)		(4,618)		(4,704)		(86)
Net income	$	1,297	$	1,656	$	(359)	$	9,405	$	9,582	$	(177)

(Dollars in thousands)	As Reported, September 30, 2018		Balances Without Adoption of ASC 606		Effect of change Higher / (Lower)
Assets
Deferred income taxes	$	25,285	$	25,199	$	86
Liabilities
Deferred current revenue	$	6,796	$	6,533	$	263
Stockholders' Equity
Retained earnings	$	42,655	$	42,832	$	(177)

Accounting Changes To Financial Statements

Consolidated Statements of Income:

	Quarter Ended September 30, 2017						Nine Months Ended September 30, 2017
(Dollars in thousands)	As Reported		Adjustment		As Revised		As Reported		Adjustment		As Revised
Real estate revenue	$	4,028		29		4,057	$	11,892		83		11,975
Total revenue		66,087		29		66,116		207,954		83		208,037
Operating income		3,638		29		3,667		16,929		83		17,012
Income before income taxes		2,200		29		2,229		31,844		83		31,927
Income tax expense		(742)		(8)		(750)		(8,291)		(25)		(8,316)
Net income		1,458		21		1,479		23,553		58		23,611
Net income attributable to Reading International, Inc. common shareholders		1,556		21		1,577		23,619		58		23,677
Basic earnings per share	$	0.07		(0.00)		0.07	$	1.02		0.00		1.02
Diluted earnings per share		0.07		(0.00)		0.07		1.01		0.00		1.01

Consolidated Balance Sheets:

	Summary of Equity
(Dollars in thousands)	As Reported		Adjustment		As Revised
Equity at January 1, 2017	$	146,615		275		146,890
Net income		23,553		58		23,611
Equity at September 30, 2017		174,795		333		175,128

	As at December 31, 2017
(Dollars in thousands)	As Reported		Adjustment		As Revised
Deferred tax assets	$	24,908		(162)		24,746
Other assets		4,543		539		5,082
Total assets		423,026		377		423,403
Retained earnings	$	32,679		377		33,056
Total stockholders' equity		181,241		377		181,618

Consolidated Statements of Cash Flows:

	Nine Months Ended September 30, 2017
(Dollars in thousands)	As Reported		Adjustment		As Revised
Net income	$	23,553		58		23,611
Change in net deferred tax assets		127		25		152
Prepaid and other assets		1,745		(83)		1,662
Net cash provided by operating activities		8,755		—		8,755