Non-controlling Interests

9 Months Ended

Sep. 30, 2025

Non-controlling Interests [Abstract]

Non-controlling Interests

Note 17 – 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”). This limited liability company has no assets, known liabilities or ongoing business activities; and,

Sutton Hill Properties, LLC - 25% noncontrolling interest owned by Sutton Hill Capital, LLC (which in turn is indirectly 50% owned by the Cotter Estate). On September 30, 2025, we entered into an agreement to purchase the remaining interest in Sutton Hill Properties, LLC so that RDI will own 100% of this subsidiary, subject to satisfaction of certain terms prior to closing which is expected in Q4 2025.

The components of noncontrolling interests are as follows:

	September 30,		December 31,
(Dollars in thousands)	2025		2024
Australian Country Cinemas, Pty Ltd	$	126	$	128
Shadow View Land and Farming, LLC		(2)		(2)
Sutton Hill Properties, LLC		(1,074)		(552)
Noncontrolling interests in consolidated subsidiaries	$	(950)	$	(426)

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

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands)	2025		2024		2025		2024
Australian Country Cinemas, Pty Ltd	$	15	$	39	$	45	$	30
Shadow View Land and Farming, LLC		—		—		—		—
Sutton Hill Properties, LLC		(163)		(150)		(522)		(511)
Net income (loss) attributable to noncontrolling interests	$	(148)	$	(111)	$	(477)	$	(481)

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, 2025	20,743	$	238	1,681	$	17	$	157,751	$	(114,790)	$	(40,407)	$	(7,173)	$	(4,364)	$	(426)	$	(4,790)
Net income (loss)	—		—	—		—		—		(4,756)		—		—		(4,756)		(191)		(4,947)
Other comprehensive income, net	—		—	—		—		—		—		—		452		452		1		453
Share-based compensation expense	—		—	—		—		600		—		—		—		600		--		600
At March 31, 2025	20,743	$	238	1,681	$	17	$	158,351	$	(119,546)	$	(40,407)	$	(6,721)	$	(8,068)	$	(616)	$	(8,684)
Net income	—		—	—				—		(2,667)		—		—		(2,667)		(137)		(2,804)
Other comprehensive income, net	—		—	—				—		—		—		2,704		2,704		8		2,712
Share-based compensation expense	—		—	—				530		—		—		—		530		--		530
Restricted Stock Units	291		3	—				(185)		—		—		—		(182)		--		(182)
At June 30, 2025	21,034	$	241	1,681	$	17		158,696		(122,213)		(40,407)		(4,017)		(7,683)		(745)		(8,428)
Net income	—		—	—		—		—		(4,157)		—		—		(4,157)		(148)		(4,305)
Other comprehensive income, net	—		—	—		—		—		—		—		(613)		(613)		—		(613)
Share-based compensation expense	—		—	—		—		391		—		—		—		391		—		391
Distributions to noncontrolling stockholders	—		—	—		—		0		—		—		—		--		(57)		(57)
At September 30, 2025	21,034		241	1,681		17		159,087		(126,370)		(40,407)		(4,630)		(12,062)		(950)		(13,012)

	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	—		—	—		—		—		(12,806)		—		—		(12,806)		(195)		(13,001)
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	$	(105,523)	$	(40,407)	$	(4,325)	$	6,529	$	(463)	$	6,066
Net income	—		—	—		—		—		(7,028)		—		—		(7,028)		(111)		(7,139)
Other comprehensive income, net	—		—	—		—		—		—		—		1,494		1,494		5		1,499
Share-based compensation expense	—		—	—		—		603		—		—		—		603		--		603
Restricted Stock Units	—		—	—		—		—		—		—		—		--		--		--
At September 30, 2024	20,743	$	238	1,681	$	17	$	157,132	$	(112,551)	$	(40,407)	$	(2,831)	$	1,598	$	(569)	$	1,029