XML 41 R29.htm IDEA: XBRL DOCUMENT v3.25.1
Restatement of Previously Issued Consolidated Financial Statements (Tables)
 9 Months Ended
Sep. 30, 2024
Restatement of Previously Issued Consolidated Financial Statements [Abstract]  
Schedule Of Effects Of Restatement On Consolidated Financials Statements As of and for the nine months ended September 30, 2024

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

As of September 30, 2024

As Previously Reported

Adjustment in Thousands

As Restated

Accounts payable and accrued liabilities

$

44,636

$

3,577

$

$48,213

Total current liabilities

$

139,536

$

3,577

$

143,113

Total liabilities

$

491,080

$

3,577

$

494,657

Retained earnings/(deficits)

$

(108,974)

$

(3,577)

$

(112,551)

Total Reading International, Inc. stockholders’ equity

$

5,175

$

(3,577)

$

1,598

Total stockholders’ equity

$

4,606

$

(3,577)

$

1,029

For the three months ended September 30, 2024

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

For the three months ended September 30, 2024

As Previously Reported

Adjustment in Thousands

As Restated

Cinema expenses

$

(49,371)

$

(97)

$

(49,468)

Total costs and expenses

(60,336)

(97)

(60,433)

Operating income (loss)

(246)

(97)

(343)

Interest expense, net

(5,229)

(16)

(5,245)

Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures

(6,398)

(112)

(6,510)

Income (loss) before income taxes

(6,327)

(112)

(6,439)

Net income (loss)

(7,027)

(112)

(7,139)

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

(6,916)

(112)

(7,028)

Basic earnings (loss) per share

(0.31)

(0.00)

(0.31)

Diluted earnings (loss) per share

$

(0.31)

$

(0.00)

$

(0.31)

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

Retained earnings / (deficits)

As Previously Reported

Adjustment in Thousands

As Restated

Net loss

$

(108,974)

$

(3,577)

$

(112,551)

At September 30, 2024

$

(108,974)

$

(3,577)

$

(112,551)

Total stockholders’ equity

As Previously Reported

Adjustment in Thousands

As Restated

Net loss

$

4,606

$

(3,577)

$

1,029

At September 30, 2024

$

4,606

$

(3,577)

$

1,029

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

For the three months ended September 30, 2024

As Previously Reported

Adjustment in Thousands

As Restated

Net income (loss)

$

(7,027)

$

(112)

$

(7,139)

Comprehensive income (loss)

(5,528)

(112)

(5,640)

Comprehensive income (loss)

$

(5,422)

$

(112)

$

(5,534)

For the nine months ended September 30, 2024

As Previously Reported

Adjustment in Thousands

As Restated

Net income (loss)

$

(29,966)

$

(3,577)

$

(33,543)

Comprehensive income (loss)

(30,121)

(3,577)

(33,698)

Comprehensive income (loss)

$

(29,643)

$

(3,577)

$

(33,220)

For the nine months ended September 30, 2024

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

For the nine months ended September 30, 2024

As Previously Reported

Adjustment in Thousands

As Restated

Cinema expenses

$

(129,509)

$

(3,435)

$

(132,944)

Total costs and expenses

(164,078)

(3,435)

(167,513)

Operating income (loss)

(12,127)

(3,435)

(15,562)

Interest expense, net

(15,766)

(141)

(15,907)

Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures

(29,809)

(3,577)

(33,386)

Income (loss) before income taxes

(29,645)

(3,577)

(33,222)

Net income (loss)

(29,966)

(3,577)

(33,543)

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

(29,485)

(3,577)

(33,062)

Basic earnings (loss) per share

(1.32)

(0.16)

(1.48)

Diluted earnings (loss) per share

$

(1.32)

$

(0.16)

$

(1.48)


‎


‎

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

For the nine months ended September 30, 2024

As Previously Reported

Adjustment in Thousands

As Restated

Net income (loss)

$

(29,966)

$

(3,577)

$

(33,543)

Accounts payable and accrued liabilities

$

3,574

$

3,577

$

7,151