Non-controlling Interests

3 Months Ended

Mar. 31, 2019

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)	2019		2018
Australian Country Cinemas, Pty Ltd	$	27	$	89
Shadow View Land and Farming, LLC		2,156		2,153
Sutton Hill Properties, LLC		2,084		2,095
Noncontrolling interests in consolidated subsidiaries	$	4,267	$	4,337

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

	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Australian Country Cinemas, Pty Ltd	$	9	$	41
Shadow View Land and Farming, LLC		(14)		(13)
Sutton Hill Properties, LLC		(11)		(6)
Net income (loss) attributable to noncontrolling interests	$	(16)	$	22

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, 2019	$	176,210	$	4,337	$	180,547
Adjustments to opening retained earnings on adoption of ASC 842		28		(46)		(18)
Net income (loss)		(2,081)		(16)		(2,097)
Increase in additional paid in capital		21		—		21
Treasury stock purchased		(9)		—		(9)
Contributions from noncontrolling stockholders		—		18		18
Distributions to noncontrolling stockholders		—		(27)		(27)
Accumulated other comprehensive income		1,510		1		1,511
Equity at March 31, 2019	$	175,679	$	4,267	$	179,946
(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 (loss)		3,082		22		3,104
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 loss		(750)		(3)		(753)
Equity at March 31, 2018	$	179,835	$	4,332	$	184,167