XML 46 R14.htm IDEA: XBRL DOCUMENT v3.22.0.1
Investments In Unconsolidated Joint Ventures
12 Months Ended
Dec. 31, 2021
Investments In Unconsolidated Joint Ventures [Abstract]  
Investments In Unconsolidated Joint Ventures NOTE 7 – INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES Our investments in unconsolidated joint ventures are accounted for under the equity method of accounting. The table below summarizes our active investment holdings in two unconsolidated joint ventures: December 31,(Dollars in thousands) Interest 2021 2020Mt. Gravatt 33.3% $ 3,976 $ 3,960Rialto Cinemas 50.0% 1,017 1,065Total Joint Ventures $ 4,993 $ 5,025 Our recorded share of equity earnings (losses) from our investments in unconsolidated joint ventures are as follows: (Dollars in thousands) 2021 2020 2019Mt. Gravatt $ 254 $ (249) $ 674Rialto Cinemas 4 (200) 118Total equity earnings $ 258 $ (449) $ 792 Mt. Gravatt We own an undivided 33.3% interest in Mt. Gravatt, an unincorporated joint venture that owns and operates a sixteen-screen multiplex cinema in Australia. Rialto Cinemas We own an undivided 50.0% interest in the assets and liabilities of the Rialto Entertainment joint venture that owns and operates two (2) movie theaters, with 13 screens in New Zealand.