Restatement of Previously Issued Consolidated Financial Statements (Tables)

6 Months Ended

Jun. 30, 2024

Restatement of Previously Issued Consolidated Financial Statements [Abstract]

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

As of and for the six months ended June 30, 2024

The effects of the restatement on the Consolidated Balance Sheet as of June 30, 2024 are summarized in the following table:

	As of June 30, 2024
	As Previously Reported		Adjustment in Thousands		As Restated
Accounts payable and accrued liabilities	$	44,392	$	3,465	$	$47,857
Total current liabilities	$	148,439	$	3,465	$	151,904
Total liabilities	$	485,324	$	3,465	$	488,789
Retained earnings/(deficits)	$	(102,058)	$	(3,465)	$	(105,523)
Total Reading International, Inc. stockholders’ equity	$	9,994	$	(3,465)	$	6,529
Total stockholders’ equity	$	9,531	$	(3,465)	$	6,066

For the three months ended June 30, 2024

The effects of the restatement on the Consolidated Statement of Operations for the three months ended June 30, 2024, are summarized in the following table.

	For the three months ended June 30, 2024
	As Previously Reported		Adjustment in Thousands		As Restated
Cinema expenses	$	(39,418)	$	(3,340)	$	(42,758)
Total costs and expenses		(51,161)		(3,340)		(54,501)
Operating income (loss)		(4,352)		(3,340)		(7,692)
Interest expense, net		(5,252)		(125)		(5,377)
Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures		(9,811)		(3,465)		(13,276)
Income (loss) before income taxes		(9,692)		(3,465)		(13,157)
Net income (loss)		(9,536)		(3,465)		(13,001)
Net income (loss) attributable to Reading International, Inc.		(9,341)		(3,465)		(12,806)
Basic earnings (loss) per share		(0.42)		(0.15)		(0.57)
Diluted earnings (loss) per share	$	(0.42)	$	(0.15)	$	(0.57)

The effects of the restatement on the Summary of Controlling and Noncontrolling Stockholders’ Equity for the three months ended June 30, 2024, are summarized in the following table.

	Retained earnings / (deficits)
	As Previously Reported		Adjustment in Thousands		As Restated
Net loss	$	(102,058)	$	(3,465)	$	(105,523)
At June 30, 2024	$	(102,058)	$	(3,465)	$	(105,523)
	Total stockholders’ equity

	As Previously Reported		Adjustment in Thousands		As Restated
Net loss	$	9,531	$	(3,465)	$	6,066
At June 30, 2024	$	9,531	$	(3,465)	$	6,066

The effects of the restatement on the Consolidated Statement of Comprehensive Income for the three months ended June 30, 2024, are summarized in the following table.

	For the three months ended June 30, 2024
	As Previously Reported		Adjustment in Thousands		As Restated
Net income (loss)	$	(9,536)	$	(3,465)	$	(13,001)
Comprehensive income (loss)		(8,650)		(3,465)		(12,115)
Total Comprehensive income (loss)	$	(8,455)	$	(3,465)	$	(11,920)
	For the six months ended June 30, 2024
	As Previously Reported		Adjustment in Thousands		As Restated
Net income (loss)	$	(22,939)	$	(3,465)	$	(26,404)
Comprehensive income (loss)		(24,594)		(3,465)		(28,059)
Total Comprehensive income (loss)	$	(24,223)	$	(3,465)	$	(27,688)

For the six months ended June 30, 2024

The effects of the restatement on the Consolidated Statement of Operations for the six months ended June 30, 2024, are summarized in the following table.

	For the six months ended June 30, 2024
	As Previously Reported		Adjustment in Thousands		As Restated
Cinema expenses	$	(80,138)	$	(3,340)	$	(83,478)
Total costs and expenses		(103,743)		(3,340)		(107,083)
Operating income (loss)		(11,882)		(3,340)		(15,222)
Interest expense, net		(10,537)		(125)		(10,662)
Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures		(23,412)		(3,465)		(26,877)
Income (loss) before income taxes		(23,318)		(3,465)		(26,783)
Net income (loss)		(22,939)		(3,465)		(26,404)
Net income (loss) attributable to Reading International, Inc.		(22,569)		(3,465)		(26,034)
Basic earnings (loss) per share		(1.01)		(0.15)		(1.16)
Diluted earnings (loss) per share	$	(1.01)	$	(0.15)	$	(1.16)

The effects of the restatement on the Consolidated Statement of Cash Flows for the six months ended June 30, 2024 are summarized in the following table:

	For the six months ended June 30, 2024
	As Previously Reported		Adjustment in Thousands		As Restated
Net income (loss)	$	(22,939)	$	(3,465)	$	(26,404)
Accounts payable and accrued expenses	$	1,918	$	3,465	$	5,383