Non-controlling Interests

3 Months Ended

Mar. 31, 2025

Non-controlling Interests [Abstract]

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”); 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:



	March 31,		December 31,
(Dollars in thousands)	2025		2024
Australian Country Cinemas, Pty Ltd	$	114	$	128
Shadow View Land and Farming, LLC		(2)		(2)
Sutton Hill Properties, LLC		(728)		(552)
Noncontrolling interests in consolidated subsidiaries	$	(616)	$	(426)

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



	Three Months Ended
	March 31,
(Dollars in thousands)	2025		2024
Australian Country Cinemas, Pty Ltd	$	(15)	$	(13)
Shadow View Land and Farming, LLC		—		—
Sutton Hill Properties, LLC		(176)		(162)
Net income (loss) attributable to noncontrolling interests	$	(191)	$	(175)

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)	—		—	—		—		—		(4,752)		—		—		(4,752)		(191)		(4,943)
Other comprehensive income, net	—		—	—		—		—		—		—		452		452		1		453
Share-based compensation expense	—		—	—		—		600		—		—		—		600		--		600
Restricted Stock Units	—		—	—		—		—		—		—		—		--		--		—
At March 31, 2025	20,743	$	238	1,681	$	17	$	158,351	$	(119,542)	$	(40,407)	$	(6,721)	$	(8,064)	$	(616)	$	(8,680)


	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

READING INTERNATIONAL INC 10-Q