Non-controlling Interests

9 Months Ended

Sep. 30, 2024

Non-controlling Interests [Abstract]

Non-controlling Interests

Note 16 – Non-controlling Interests

These are composed of the following enterprises:

Australia Country Cinemas Pty Ltd. - 25% noncontrolling interest owned by Panorama Group International Pty Ltd;

Shadow View Land and Farming, LLC - 50% noncontrolling membership interest owned by the estate of Mr. James J. Cotter, Sr. (the “Cotter Estate”); and,

Sutton Hill Properties, LLC - 25% noncontrolling interest owned by Sutton Hill Capital, LLC (which in turn is 50% owned by the Cotter Estate).

The components of noncontrolling interests are as follows:

	September 30,		December 31,
(Dollars in thousands)	2024		2023
Australian Country Cinemas, Pty Ltd	$	108	$	76
Shadow View Land and Farming, LLC		(2)		(2)
Sutton Hill Properties, LLC		(675)		(165)
Noncontrolling interests in consolidated subsidiaries	$	(569)	$	(91)

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

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands)	2024		2023		2024		2023
Australian Country Cinemas, Pty Ltd	$	39	$	25	$	30	$	60
Shadow View Land and Farming, LLC		—		1		—		1
Sutton Hill Properties, LLC		(150)		(91)		(511)		(422)
Net income (loss) attributable to noncontrolling interests	$	(111)	$	(65)	$	(481)	$	(361)

Summary of Controlling and Noncontrolling Stockholders’ Equity

A summary of the changes in controlling and noncontrolling stockholders’ equity is as follows:

	Common Stock								Retained				Accumulated		Reading
	Class A	Class A		Class B	Class B		Additional		Earnings				Other		International Inc.				Total
	Non-Voting	Par		Voting	Par		Paid-In		(Accumulated		Treasury		Comprehensive		Stockholders’		Noncontrolling		Stockholders’
(Dollars in thousands, except shares)	Shares	Value		Shares	Value		Capital		Deficit)		Shares		Income (Loss)		Equity		Interests		Equity
At January 1, 2024	20,664	$	237	1,681	$	17	$	155,402	$	(79,489)	$	(40,407)	$	(2,673)	$	33,087	$	(91)	$	32,996
Net income (loss)	—		—	—		—		—		(13,228)		—		—		(13,228)		(175)		(13,403)
Other comprehensive income, net	—		—	—		—		—		—		—		(2,538)		(2,538)		(3)		(2,541)
Share-based compensation expense	—		—	—		—		678		—		—		—		678		--		678
Restricted Stock Units	9		—	—		—		(2)		—		—		—		(2)		--		(2)
At March 31, 2024	20,673	$	237	1,681	$	17	$	156,078	$	(92,717)	$	(40,407)	$	(5,211)	$	17,997	$	(269)	$	17,728
Net income	—		—	—		—		—		(9,341)		—		—		(9,341)		(195)		(9,536)
Other comprehensive income, net	—		—	—		—		—		—		—		886		886		1		887
Share-based compensation expense	—		—	—		—		456		—		—		—		456		--		456
Restricted Stock Units	70		1	—		—		(5)		—		—		—		(4)		--		(4)
At June 30, 2024	20,743	$	238	1,681	$	17	$	156,529	$	(102,058)	$	(40,407)	$	(4,325)	$	9,994	$	(463)	$	9,531
Net income	—		—	—		—		—		(6,916)		—		—		(6,916)		(111)		(7,027)
Other comprehensive income, net	—		—	—		—		—		—		—		1,494		1,494		5		1,499
Share-based compensation expense	—		—	—		—		603		—		—		—		603		—		603
At September 30, 2024	20,743	$	238	1,681	$	17	$	157,132	$	(108,974)	$	(40,407)	$	(2,831)	$	5,175	$	(569)	$	4,606

	Common Stock								Retained				Accumulated		Reading
	Class A	Class A		Class B	Class B		Additional		Earnings				Other		International Inc.				Total
	Non-Voting	Par		Voting	Par		Paid-In		(Accumulated		Treasury		Comprehensive		Stockholders’		Noncontrolling		Stockholders’
(Dollars in thousands, except shares)	Shares	Value		Shares	Value		Capital		Deficit)		Shares		Income (Loss)		Equity		Interests		Equity
At January 1, 2023	20,412	$	235	1,681	$	17	$	153,784	$	(48,816)	$	(40,407)	$	(1,957)	$	62,856	$	423	$	63,279
Net income (loss)	—		—	—		—		—		(11,111)		—		—		(11,111)		(213)		(11,324)
Other comprehensive income, net	—		—	—		—		—		—		—		(1,293)		(1,293)		(1)		(1,294)
Share-based compensation expense	—		—	—		—		443		—		—		—		443		—		443
Restricted Stock Units	89		—	—		—		(132)		—		—		—		(132)		—		(132)
At March 31, 2023	20,501	$	235	1,681	$	17	$	154,095	$	(59,927)	$	(40,407)	$	(3,250)	$	50,763	$	209	$	50,972
Net income	—		—	—		—		—		(2,778)		—		—		(2,778)		(83)		(2,861)
Other comprehensive income, net	—		—	—		—		—		—		—		(740)		(740)		(1)		(741)

Share-based compensation expense	—		—	—		—		308		—		—		—		308		—		308
Restricted Stock Units	92		1	—		—		(113)		—		—		—		(112)		—		(112)
At June 30, 2023	20,593	$	236	1,681	$	17	$	154,290	$	(62,705)	$	(40,407)	$	(3,990)	$	47,441	$	125	$	47,566
Net income	—		—	—		—		—		(4,400)		—		—		(4,400)		(65)		(4,465)
Other comprehensive income, net	—		—	—		—		—		—		—		(1,657)		(1,657)		(3)		(1,660)
Share-based compensation expense	—		—	—		—		614		—		—		—		614		--		614
Restricted Stock Units	0		—	—		—		—		—		—		—		--		--		--
At September 30, 2023	20,593	$	236	1,681	$	17	$	154,904	$	(67,105)	$	(40,407)	$	(5,647)	$	41,998	$	57	$	42,055