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Summary Of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Schedule Of Estimated Useful Lives Of Assets

Building and improvements

15 – 60 years

Leasehold improvements

Shorter of the lease term or useful life of the improvement

Theater equipment

7 years

Furniture and fixtures

3 – 10 years
Summary Of Currency Exchange Rates

As of and

for the year ended

December 31, 2020

As of and

for the year ended

December 31, 2019

As of and

for the year ended

December 31, 2018

Spot Rate

Australian Dollar

0.7709

0.7030

0.7046

New Zealand Dollar

0.7194

0.6745

0.6711

Average Rate

Australian Dollar

0.6904

0.6954

0.7479

New Zealand Dollar

0.6504

0.6593

0.6930
Accounting Changes To Financial Statements The following is a summary of the previously issued financial statement line items for all periods and statements included in this Form 10-K report affected by the correction.

Consolidated Statements of Operations:

Year Ended December 31, 2018

(Dollars in thousands)

As Reported

Adjustment

As Revised

Cinema revenue

$

294,177

$

(455)

$

293,723

Total revenue

309,385

(455)

308,931

Operating income (loss)

24,078

(455)

23,623

Income (loss) before income taxes

17,918

(455)

17,463

Income tax (expense) benefit

(3,420)

122

(3,298)

Net income (loss)

14,498

(332)

14,166

Net income (loss) attributable to Reading International, Inc. common shareholders

14,366

(332)

14,034

Basic earnings (loss) per share

$

0.62

$

(0.01)

$

0.61

Diluted earnings (loss) per share

0.62

(0.02)

0.60

Consolidated Balance Sheets:

Summary of Equity

(Dollars in thousands)

As Reported

Adjustment

As Revised

Equity at January 1, 2018

$

181,618

$

(236)

$

181,382

Net income (loss) attributable to Reading International, Inc. common shareholders

14,366

(332)

14,034

Equity at December 31, 2018

180,547

(568)

179,979

Consolidated Statements of Cash Flows:

Year Ended December 31, 2018

(Dollars in thousands)

As Reported

Adjustment

As Revised

Net income

$

14,498

$

(332)

$

14,166

Change in net deferred tax assets

(1,719)

(122)

(1,841)

Accounts payable and accrued expenses

2,107

455

2,562

Net cash provided by operating activities

32,645

—

32,645
Accounting Standards Update 2016-02 [Member]  
Changes To Financial Statements The cumulative effect of the changes made to our consolidated January 1, 2019 balance sheet for the adoption of ASC 842 Leases were as follows:

(Dollars in thousands)

Balance at
‎December 31,
‎2018

Adjustments
‎due to ASC
‎842

Balance at
‎January 1,
‎2019

Assets

Operating property, net

$

257,667

$

370

$

258,037

Operating lease right-of-use assets

—

232,319

232,319

Intangible assets, net

7,369

(3,542)

3,827

Deferred tax asset, net

26,444

82

26,526

Liabilities

Operating lease liabilities

$

—

$

245,280

$

245,280

Other non-current liabilities

28,931

(16,033)

12,898

Stockholders' Equity

Non-controlling interest

$

4,337

$

(46)

$

4,291

Retained earnings

47,048

28

47,076

In accordance with the new lease accounting standard requirements, the disclosure of the impact of adoption on our consolidated statements of operations and balance sheet was as follows:

December 31, 2020

December 31, 2019

(Dollars in thousands)

As Reported,
‎December 31, 2020

Balances
‎Without
‎Adoption of
‎ASC 842

Effect of
‎change
‎Higher /
‎(Lower)

As Reported,
‎December 31, 2020

Balances
‎Without
‎Adoption of
‎ASC 842

Effect of
‎change
‎Higher /
‎(Lower)

Cinema costs and expenses

$

91,065

$

91,228

$

(163)

$

210,050

$

210,110

$

(60)

Depreciation and amortization

22,317

22,224

93

22,747

22,582

165

General and administrative

16,998

17,098

(100)

25,395

25,569

(174)

Interest expense, net

9,354

9,346

8

7,904

7,891

13

Income tax (benefit) expense

(4,967)

(4,914)

53

28,837

28,819

18

Net income (loss)

$

(65,857)

$

(65,966)

$

109

$

(26,503)

$

(26,541)

$

38

Year Ended December 31, 2020

Year Ended December 31, 2019

(Dollars in thousands)

As Reported,
‎December 31, 2020

Balances
‎Without
‎Adoption of
‎ASC 842

Effect of
‎change
‎Higher /
‎(Lower)

As Reported,
‎December 31, 2019

Balances
‎Without
‎Adoption of
‎ASC 842

Effect of
‎change
‎Higher /
‎(Lower)

Assets

Operating property, net

$

353,125

$

353,013

$

112

$

258,138

$

257,933

$

205

Intangible assets

3,971

6,275

(2,304)

4,320

7,523

(3,203)

Operating lease right-of-use assets

220,503

—

220,503

229,879

—

229,879

Deferred tax asset, net

3,362

3,352

10

3,444

3,380

64

Liabilities

Other current liabilities

$

3,826

$

4,006

$

(180)

$

3,653

$

3,789

$

(136)

Operating lease liabilities, current

22,699

—

22,699

20,379

—

20,379

Other non-current liabilities

22,017

38,855

(16,838)

18,854

35,276

(16,422)

Operating lease liabilities, non-current

212,806

—

212,806

223,164

—

223,164

Stockholders' Equity

Retained earnings

$

81,173

$

81,008

$

165

$

139,616

$

139,578

$

38