0001562762-21-000331 | 10-Q | XBRL Viewer | Reading International INC

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Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2021	Aug. 06, 2021
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	1-8625
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Registrant Name	READING INTERNATIONAL, INC.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	95-3885184
Entity Address, Address Line One	5995 Sepulveda Boulevard
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Culver City
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90230
City Area Code	213
Local Phone Number	235-2240
Entity Central Index Key	0000716634
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Class A [Member]
Title of 12(b) Security	Class A Nonvoting Common Stock, $0.01 par value
Trading Symbol	RDI
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		20,128,815
Class B [Member]
Title of 12(b) Security	Class B Voting Common Stock, $0.01 par value
Trading Symbol	RDIB
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		1,680,590

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 111,752	$ 26,826
Receivables	2,795	2,438
Inventory	1,097	1,059
Prepaid and other current assets	15,814	8,414
Land and property held for sale		17,730
Total current assets	131,458	56,467
Operating property, net	316,745	353,125
Operating lease right-of-use assets	228,156	220,503
Investment and development property, net	9,713	11,570
Investment in unconsolidated joint ventures	5,112	5,025
Goodwill	27,266	28,116
Intangible assets, net	3,738	3,971
Deferred tax assets, net	3,343	3,362
Other assets	6,895	8,030
Total assets	732,426	690,169
Current Liabilities:
Accounts payable and accrued liabilities	56,758	38,877
Film rent payable	2,920	2,473
Debt – current portion	2,604	41,459
Subordinated debt - current portion	693	840
Derivative financial instruments - current portion	219	218
Taxes payable - current	20,385	82
Deferred revenue	9,128	10,133
Operating lease liabilities - current portion	23,753	22,699
Other current liabilities	3,658	3,826
Total current liabilities	120,118	120,607
Debt – long-term portion	219,366	213,779
Derivative financial instruments - non-current portion	96	212
Subordinated debt, net	26,617	26,505
Noncurrent tax liabilities	7,443	13,070
Operating lease liabilities - non-current portion	220,426	212,806
Other liabilities	21,161	22,017
Total liabilities	615,227	608,996
Commitments and contingencies (Note 14)
Stockholders' equity:
Nonvoting preferred stock, par value $0.01, 12,000 shares authorized and no issued or outstanding shares at June 30, 2021 and December 31, 2020
Additional paid-in capital	150,780	149,979
Retained earnings/(deficit)	(2,886)	(44,553)
Treasury shares	(40,407)	(40,407)
Accumulated other comprehensive income	8,365	12,502
Total Reading International, Inc. stockholders' equity	116,101	77,769
Noncontrolling Interests	1,098	3,404
Total stockholders' equity	117,199	81,173
Total liabilities and stockholders’ equity	732,426	690,169
Class A [Member]
Stockholders' equity:
Common stock	232	231
Class B [Member]
Stockholders' equity:
Common stock	$ 17	$ 17

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	12,000	12,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	33,060,557	33,004,717
Common stock, shares outstanding	20,128,815	20,068,607
Class B [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	1,680,590	1,680,590
Common stock, shares outstanding	1,680,590	1,680,590

Consolidated Statements Of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Consolidated Statements Of Income - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues
Total revenues	$ 36,033	$ 3,422	$ 57,339	$ 52,650
Costs and expenses
Depreciation and amortization	(5,801)	(5,266)	(11,451)	(10,537)
General and administrative	(8,834)	(5,102)	(13,931)	(11,047)
Total costs and expenses	(48,565)	(25,617)	(83,849)	(81,885)
Operating income (loss)	(12,532)	(22,195)	(26,510)	(29,235)
Interest expense, net	(3,005)	(2,004)	(7,368)	(3,797)
Gain (loss) on sale of assets	43,241		89,786
Other income (expense)	154	19	1,795	(196)
Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures	27,858	(24,180)	57,703	(33,228)
Equity earnings of unconsolidated joint ventures	283	(274)	233	(195)
Income (loss) before income taxes	28,141	(24,454)	57,936	(33,423)
Income tax benefit (expense)	(5,547)	1,567	(13,275)	4,580
Net income (loss)	22,594	(22,887)	44,661	(28,843)
Less: net income (loss) attributable to noncontrolling interests	(108)	(185)	2,994	(266)
Net income (loss) attributable to Reading International, Inc. common shareholders	$ 22,702	$ (22,702)	$ 41,667	$ (28,577)
Basic earnings (loss) per share attributable to Reading International, Inc. shareholders	$ 1.04	$ (1.04)	$ 1.91	$ (1.31)
Diluted earnings (loss) per share attributable to Reading International, Inc. shareholders	$ 1.01	$ (1.04)	$ 1.86	$ (1.31)
Weighted average number of shares outstanding-basic	21,808,556	21,742,667	21,784,700	21,749,356
Weighted average number of shares outstanding-diluted	22,480,168	21,742,667	22,456,919	21,749,356
Cinema [Member]
Revenues
Total revenues	$ 32,715	$ 1,217	$ 50,829	$ 47,527
Costs and expenses
Total costs and expenses	(31,366)	(13,660)	(53,248)	(55,952)
Real Estate [Member]
Revenues
Total revenues	3,318	2,205	6,510	5,123
Costs and expenses
Total costs and expenses	$ (2,564)	$ (1,589)	$ (5,219)	$ (4,349)

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Consolidated Statements Of Comprehensive Income [Abstract]
Net income (loss)	$ 22,594	$ (22,887)	$ 44,661	$ (28,843)
Foreign currency translation gain (loss)	(1,698)	10,655	(4,356)	(5,051)
Gain (loss) on cash flow hedges	55	10	116	(205)
Other	51	51	103	84
Comprehensive income (loss)	21,002	(12,171)	40,524	(34,015)
Less: net income (loss) attributable to noncontrolling interests	(108)	(185)	2,994	(266)
Less: comprehensive income (loss) attributable to noncontrolling interests		(9)		(9)
Comprehensive income (loss) attributable to Reading International, Inc.	$ 21,110	$ (11,977)	$ 37,530	$ (33,740)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating Activities
Net income (loss)	$ 44,661	$ (28,843)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity earnings of unconsolidated joint ventures	(233)	195
Distributions of earnings from unconsolidated joint ventures		229
Gain recognized on foreign currency transactions	(1,809)
(Gain) Loss on sale of assets	(89,786)
Amortization of operating leases	11,453	10,244
Amortization of finance leases	25	64
Change in operating lease liabilities	(10,931)	(9,894)
Interest on hedged derivatives
Change in net deferred tax assets	(79)
Depreciation and amortization	11,451	10,537
Other amortization	600	401
Stock based compensation expense	915	704
Net changes in operating assets and liabilities:
Receivables	(145)	3,724
Prepaid and other assets	(2,017)	(5,773)
Payments for accrued pension	(342)	(342)
Accounts payable and accrued expenses	15,802	1,300
Film rent payable	502	(6,953)
Taxes payable	20,884	1,707
Deferred revenue and other liabilities	(6,929)	(426)
Net cash provided by (used in) operating activities	(5,978)	(23,126)
Investing Activities
Purchases of and additions to operating and investment properties	(4,460)	(13,948)
Change in restricted cash	(6,705)
Contributions to unconsolidated joint ventures		(63)
Proceeds from sale of assets	141,363
Net cash provided by (used in) investing activities	130,198	(14,011)
Financing Activities
Repayment of borrowings	(75,257)	(22,311)
Repayment of finance lease principal	(25)	(62)
Proceeds from borrowings	45,337	87,206
Capitalized borrowing costs	(1,481)	(649)
Repurchase of Class A Nonvoting Common Stock		(989)
(Cash paid) proceeds from the settlement of employee share transactions	(113)	(40)
Noncontrolling interest distributions	(5,300)
Net cash provided by (used in) financing activities	(36,839)	63,155
Effect of exchange rate changes on cash and cash equivalents	(2,455)	2,211
Net increase (decrease) in cash and cash equivalents	84,926	28,229
Cash and cash equivalents at January 1	26,826	12,135
Cash and cash equivalents at June 30	111,752	40,364
Supplemental Disclosures
Interest paid	5,181	4,837
Income taxes (refunded) paid	(3,526)	439
Non-Cash Transactions
Additions to operating and investing properties through accrued expenses	$ 8,065	$ 2,760

Description Of Business And Segment Reporting

6 Months Ended

Jun. 30, 2021

Description Of Business And Segment Reporting [Abstract]

Description Of Business And Segment Reporting

Note 1 – Description of Business and Segment Reporting

Our Company

Reading International, Inc., a Nevada corporation (“RDI” and collectively with our consolidated subsidiaries and corporate predecessors, the “Company,” “Reading,” and “we,” “us,” or “our”) was incorporated in 1999. Our businesses, owned and operated through our various subsidiaries, consist primarily of:

the development, ownership, and operation of cinemas in the United States, Australia, and New Zealand; and,

the development, ownership, operation and/or rental of retail, commercial and live venue real estate assets in Australia, New Zealand, and the United States.

Business Segments

Reported below are the operating segments of our Company for which separate financial information is available and evaluated regularly by the Chief Executive Officer, the chief operating decision-maker of our Company. As part of our real estate activities, we have historically held undeveloped land in urban and suburban centers in the United States, Australia, and New Zealand. However, in the first quarter of 2021, we monetized our undeveloped land in Coachella, California, and Manukau, New Zealand. In the second quarter of 2021, we monetized our retail center Auburn/Redyard, Australia, which included approximately 2.6 acres of undeveloped land. In the second quarter of 2021, we also monetized our Royal George theater in Chicago.

The table below summarizes the results of operations for each of our business segments for the quarter and six months ended June 30, 2021 and 2020, respectively. Operating expense includes costs associated with the day-to-day operations of the cinemas and the management of rental properties, including our live theatre assets.



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Revenue:
Cinema exhibition	$	32,715	$	1,217	$	50,829	$	47,527
Real estate		3,448		2,303		6,771		6,905
Inter-segment elimination		(130)		(98)		(261)		(1,782)
	$	36,033	$	3,422	$	57,339	$	52,650
Segment operating income (loss):
Cinema exhibition	$	(7,345)	$	(17,254)	$	(15,621)	$	(19,908)
Real estate		(1,054)		(807)		(2,423)		(620)
	$	(8,399)	$	(18,061)	$	(18,044)	$	(20,528)

A reconciliation of segment operating income to income before income taxes is as follows:



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Segment operating income (loss)	$	(8,399)	$	(18,061)	$	(18,044)	$	(20,528)
Unallocated corporate expense
Depreciation and amortization expense		(387)		(227)		(618)		(419)
General and administrative expense		(3,746)		(3,907)		(7,848)		(8,288)
Interest expense, net		(3,005)		(2,004)		(7,368)		(3,797)
Equity earnings of unconsolidated joint ventures		283		(274)		233		(195)
Gain (loss) on sale of assets		43,241		—		89,786		—
Other income (expense)		154		19		1,795		(196)
Income (loss) before income tax expense	$	28,141	$	(24,454)	$	57,936	$	(33,423)

Summary Of Significant Accounting Policies

6 Months Ended

Jun. 30, 2021

Summary Of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

‎

Note 2 – Summary of Significant Accounting Policies

Basis of Consolidation

The accompanying consolidated financial statements include the accounts of our Company’s wholly-owned subsidiaries as well as majority-owned subsidiaries that our Company controls, and should be read in conjunction with our Company’s Annual Report on Form 10-K as of and for the year ended December 31, 2020 (“2020 Form 10-K”). All significant intercompany balances and transactions have been eliminated on consolidation. These consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim reporting with the instructions for Form 10-Q and Rule 10-01 of Regulation S-X of the Securities and Exchange Commission (“SEC”). As such, they do not include all information and footnotes required by U.S. GAAP for complete financial statements. We believe that we have included all normal and recurring adjustments necessary for a fair presentation of the results for the interim period.

Operating results for the quarter and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021.

Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and footnotes thereto. Significant estimates include (i) projections we make regarding the recoverability and impairment of our assets (including goodwill and intangibles), (ii) valuations of our derivative instruments, (iii) recoverability of our deferred tax assets, (iv) estimation of breakage and redemption experience rates, which drive how we recognize breakage on our gift card and gift certificates, and revenue from our customer loyalty program, (v) allocation of insurance proceeds to various recoverable components, and (vi) estimation of our Incremental Borrowing Rate (“IBR”) as relates to the valuation of our right-of-use assets and lease liabilities. Actual results may differ from those estimates.

New Accounting Standards and Accounting Changes

1)In the fourth quarter of 2020, we adopted certain practical expedients provided by ASU 2020-04 Reference Rate Reform (Topic 848). This new guidance contains optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform. We have elected certain expedients which permit us to i) continue the method of assessing hedge effectiveness such that the reference rate on the hypothetical derivative matches the reference rate on the hedging instrument and ii) to continue to assert probability of the relevant hedged interest payments regardless of any expected modification in terms related to reference rate reform.

The guidance allows for different expedient elections to be made at different points in time, and to this end the Company intends to reassess its elections of such expedients as and when alternations become necessary.

2)On April 8, 2020, the FASB released FASB Staff Q&A Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic. This provides optional relief when accounting for modifications to leases obtained as a result of COVID-19 which otherwise would have required full modification assessment under ASC 842. Where we have obtained rent concessions from our landlords, or provided concessions to our tenants, we have elected not to perform the standard Topic 842 modification evaluation where the concession does not result in the total consideration required by the contract being substantially less than the total consideration originally required by the contract. Under the guidance, where we have received or provided deferrals of rent, we have recorded the deferrals as receivables or payables, and where we have received or provided abatements, we have recorded these as variable rents in the consolidated statements of income.

3)In the second quarter of 2020, in order to account for certain wage subsidies received from the Australian and New Zealand governments, we adopted International Accounting Standard 20 - Accounting for Government Grants and Disclosure of Government Assistance (“IAS 20”). The aim of these Australian and New Zealand government subsidies is to protect as many jobs as possible during the COVID-19 Pandemic by subsidizing the wages of employees, using the administrative capabilities of employers to forward such subsidies to their employees. The subsidies are not loans to employees or employers. U.S. GAAP has no codified accounting guidance concerning the measurement and presentation of such government grants, and in lieu of such guidance, common practice is to refer to IAS 20. IAS 20 permits entities to account for government grants on a gross basis, showing grants receivable as income and the associated expense as costs, or on a net basis, by deducting the grant from the related expense. The nature of the wage subsidies is such that, without them, our Company would likely have reduced its wages and salaries expense through the termination of certain employees. Our Company has therefore elected to present wages and salaries expense net of government grants. The impacted wages and salaries costs are contained within ‘other operating expenses’ and ‘general and administrative expenses’ in our cinema and real estate segments. For the quarter and six months to June 30, 2021, our Australian operations received subsidies totaling AU$701,000 and AU$3.5 million (U.S.$2.3 million) respectively. No subsidies were received by our New Zealand operations during this period. There were no unfulfilled conditions or contingencies relating to these subsidies at June 30, 2021.

4)On January 1, 2020, we adopted ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This new guidance removes the second step of the two-step impairment test for measuring goodwill and is to be applied on a prospective basis only. Adoption of this standard has no material effect on our consolidated financial statements.

5)On January 1, 2020, we adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). This new guidance replaces the incurred loss impairment methodology under prior GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. We have no history of significant bad debt losses and as such adoption of this standard has no material effect on our consolidated financial statements.

Impact Of COVID-19 Pandemic And Liquidity

6 Months Ended

Jun. 30, 2021

Impact Of COVID-19 Pandemic And Liquidity [Abstract]

Impact Of COVID-19 Pandemic And Liquidity

Note 3 – Impact of COVID-19 Pandemic and Liquidity

General

On March 11, 2020, the World Health Organization (“WHO”) declared the novel coronavirus, COVID-19, a global pandemic. In March 2020 we temporarily closed all of our live theatres and cinema operations in the U.S., Australia and New Zealand. Operating restrictions adopted in Australia and New Zealand also affected many of our tenants at our retail shopping centers.

While some jurisdictions have relaxed their COVID-19 restrictions, these same jurisdictions are, to varying degrees, reinstating their lockdowns due to the resurgence of COVID-19, including the emergence of new variants. Accordingly, the situation has been, and continues to be, uncertain and spikes in cases of COVID-19 continue to cause uncertainty in the market. Even where businesses have been allowed to reopen, operational limitations on density, hours of operation, and other operating factors, and varying degrees of public concern about interacting with third parties, are impacting the return to normal operations. Vaccination programs are now rolling out in the jurisdictions in which we operate, but periodic closures and limitations on operating activities are expected to continue until the COVID-19 spread is considered materially contained. No assurances can be given as to when material containment within each of the jurisdictions that affect our business will be achieved.

Cinema Segment Ongoing Impact

As of June 30, 2021, we had reopened 20 of our 24 cinemas in the U.S. Our Consolidated Theatre at the Kahala Mall in Honolulu, which was closed for a complete renovation prior to the start of the pandemic closures, remains closed as those renovations have been delayed due to COVID-19. We will open the remaining three cinemas when management determines it is operationally expedient to do so.

In New Zealand our circuit is open except for our Reading Cinemas at Courtenay Central (which continues to be closed due to seismic concerns which predated the pandemic). A return to operation of this center has been delayed by our efforts to respond to COVID-19.

During the first six months of 2021, we fully opened our Australian circuit, subject to occasional, short lockdowns. However, as of the date of this Report, 12 cinemas are closed as Australia experiences a resurgence of the COVID-19 virus.

The global performance of certain movies released in the first half of 2021 is encouraging. While not at 2019 pre-COVID levels, we see strong evidence that the general public wants to enjoy movies in a movie theatre environment. Despite this, COVID-19 continues to adversely impact our business by reducing our patronage numbers (due to limited seating capacities and public reticence to attend shared spaces) which in turn may cause film distributors to reschedule movie releases and increasing our costs of operation through enhanced cleaning protocols. The effect of rescheduling of movies can be to push the related revenues into later periods, as well as reduce the available patronage where a movie is also released to streaming on the same day. We have confidence in the movies anticipated for release in the remainder of 2021 and in 2022, but there can be no assurances regarding their performance or scheduling or which portion of revenues from such releases come to cinemas.

Real Estate Segment Ongoing Impact

Substantially all our tenants in our Australian and New Zealand real estate businesses (excluding Courtenay Central) are currently open for trading. In the U.S., much of our real estate income has traditionally been generated by rental revenue from our live theatres. As of the date of this report, our Orpheum theatre is open, but our Minetta theatre remains closed to the public due to COVID-19. Our Minetta Lane Theatre continues to generate income, however, as it is licensed on an exclusive basis to Audible, an Amazon company.

Liquidity Impact

The continued disruption of our global cinemas caused by COVID-19 led to a significant decrease in our Company’s revenues and earnings for the three and six month periods ended June 30, 2021, as compared to pre-COVID-19 operations. Such effects will likely continue, to varying degrees, until the virus is materially contained. As compared to the six months ended June 30, 2020, our revenues and earnings have increased as we have been able to reopen many of our theatres. Even though we are encouraged by the return of patrons to our theatres and the movie releases expected in the coming months, we cannot provide any assurances as to the nature or pace of a return to prior operating levels. With regards to our real estate operations, while all our New Zealand and Australian real estate tenants are currently trading (other than certain tenants who have closed for reasons unrelated to COVID-19), our real estate revenue and earnings may continue to be affected by any rent relief that we may deem necessary to provide to certain tenants experiencing continuing impacts from COVID-19.

Going Concern

Management continues to evaluate the going concern assertion required by ASC 205-40 Going Concern as it relates to our Company. Management’s evaluation is informed by current liquidity positions, cash flow estimates, known capital and other expenditure requirements and commitments and management’s current business plan and strategies. Our Company’s business plan - two businesses (real estate and cinema) in three countries (Australia, New Zealand and the U.S.) - has served us well since the onset of COVID-19 and is key to management’s overall evaluation of ASC 205-40 Going Concern.

The cumulative impact of COVID-19 on our cinema business led to the conclusion in the third quarter of 2020 that there was substantial doubt regarding our Company’s ability to continue as a going concern. Management’s plans to alleviate such substantial doubt included the intention to refinance our 44 Union Square property and the monetization of certain real estate assets.

As of June 2021, management has successfully executed these plans. As detailed at Note 11 – Borrowings, we have refinanced our 44 Union Square property resulting in a $43.0 million cash inflow before fees. As detailed at Note 6 – Real Estate Transactions, we monetized our non-income generating land in Manukau, New Zealand and Coachella, California, and monetized our ETC in Auburn, Australia and monetized our Royal George Theatre in Chicago. These sales produced net cash inflows of $136.1 million (net of transfers to our 50% partner with respect to the sale of the Coachella property). The execution of these plans generated cash inflows of $179.1 million. In addition, in the second quarter of 2021, we repaid $11.2 million (NZ$16.0 million) of our $22.4 million (NZ$32.0 million) Westpac facility, and we repaid $15.8 million (AU$20.5 million) of our $76.8 million NAB facility.

The Company’s financial position following the successful execution of these plans, and our forecasts and cash flow estimates based on our current expectations of industry performance and recovery, mean that our Company has sufficient resources to meet its obligations as they become due within one year after the issuance of this report on Form 10-Q. Management’s forecasts and cash flow estimates are based on the current expectation that the global cinema industry will continue to recover in 2021 and into 2022. Forecasts are by their nature inherently uncertain, but the effects of COVID-19 continue to cause greater forecasting difficulties than would otherwise exist in more stable economic times. While we are seeing substantial evidence of recovery, and at various times during the first six months of 2021, 57 of our 62 cinemas worldwide have been open for business, our forecasts rely upon the ability and desire of moviegoers to return to the movie theatres. Many factors influencing this are outside of management’s control, but are, nevertheless, material, individually and in the aggregate, to the realization of management’s forecasts and expectations throughout the period of COVID-19.

Impairment Considerations

Our Company considers that the events and factors described above constitute impairment indicators under ASC 360 Property, Plant and Equipment. At December 31, 2020, our Company performed a quantitative recoverability test of the carrying values of all its asset groups. Our Company estimated the undiscounted future cash flows expected to result from the use of these asset groups and recorded an impairment charge of $217,000. As noted above, the financial performance of our cinemas has been improving at a rate better than that which was expected during the December 31, 2020, impairment analysis process. This improved performance at an asset group level, and the impacts of this performance on our impairment modelling, resulted in no impairment charges being recognized for the quarter and six months to June 30, 2021. Actual performance against our forecasts is dependent on several variables and conditions, many of which are subject to the uncertainties associated with COVID-19 and as a result, actual results may materially differ from management’s estimates.

Our Company also considers that the events and factors described above constitute impairment indicators under ASC 350 Intangibles – Goodwill and Other. Our Company performed a quantitative goodwill impairment test and determined that its goodwill was not impaired as of December 31, 2020. The test was performed at a reporting unit level by comparing each reporting unit’s carrying value, including goodwill, to its fair value. The fair value of each reporting unit was assessed using a discounted cash flow model based on the budgetary revisions performed by management in response to COVID-19 and the developing market conditions. Given the improvements in trading conditions in the first and second quarters of 2021, no impairment of goodwill has been recognized for the quarter and six months ended June 30, 2021. Actual performance against our forecasts is dependent on several variables and conditions, many of which are subject to the uncertainties associated with COVID-19 and as a result, actual results may materially differ from management’s estimates.

Operations In Foreign Currency

6 Months Ended

Jun. 30, 2021

Operations In Foreign Currency [Abstract]

Operations In Foreign Currency

Note 4 – Operations in Foreign Currency

We have significant assets in Australia and New Zealand. Historically, we have conducted our Australian and New Zealand operations (collectively “foreign operations”) on a self-funding basis, where we use cash flows generated by our foreign operations to pay for the expenses of those foreign operations. Our Australian and New Zealand assets and liabilities are translated from their functional currencies of Australian dollar (“AU$”) and New Zealand dollar (“NZ$”), respectively, to the U.S. dollar based on the exchange rate as of June 30, 2021. The carrying value of the assets and liabilities of our foreign operations fluctuates as a result of changes in the exchange rates between the functional currencies of the foreign operations and the U.S. dollar. The translation adjustments are accumulated in the Accumulated Other Comprehensive Income in the Consolidated Balance Sheets.

Due to the natural-hedge nature of our funding policy, we have not historically used derivative financial instruments to hedge against the risk of foreign currency exposure. However, in certain circumstances, we move funds between jurisdictions where circumstances encouraged us to do so from an overall economic standpoint. We take a global view of our financial resources, and are flexible in making use of resources from one jurisdiction in other jurisdictions.

Presented in the table below are the currency exchange rates for Australia and New Zealand:



	Foreign Currency / USD
	As of and ‎for the ‎quarter ‎ended	As of and ‎for the ‎six months ended	As of and ‎for the ‎twelve months ‎ended	As of and ‎for the ‎quarter ‎ended	As of and ‎for the ‎six months ended
	June 30, 2021		December 31, 2020	June 30, 2020
Spot Rate
Australian Dollar	0.7496		0.7709	0.6893
New Zealand Dollar	0.6978		0.7194	0.6446
Average Rate
Australian Dollar	0.7702	0.7716	0.6904	0.6576	0.6577
New Zealand Dollar	0.7153	0.7173	0.6504	0.6183	0.6266

Earnings Per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Note 5 – Earnings Per Share

Basic earnings per share (“EPS”) is calculated by dividing the net income attributable to our Company’s common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is calculated by dividing the net income attributable to our Company’s common stockholders by the weighted average number of common and common equivalent shares outstanding during the period and is calculated using the treasury stock method for equity-based compensation awards.

The following table sets forth the computation of basic and diluted EPS and a reconciliation of the weighted average number of common and common equivalent shares outstanding:



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands, except share data)	2021		2020		2021		2020
Numerator:
Net income (loss) attributable to RDI common stockholders	$	22,702		(22,702)	$	41,667	$	(28,577)
Denominator:
Weighted average number of common stock – basic		21,808,556		21,742,667		21,784,700		21,749,356
Weighted average dilutive impact of awards		671,612		—		672,219		—
Weighted average number of common stock – diluted		22,480,168		21,742,667		22,456,919		21,749,356
Basic earnings (loss) per share attributable to RDI common stockholders	$	1.04		(1.04)	$	1.91	$	(1.31)
Diluted earnings (loss) per share attributable to RDI common stockholders	$	1.01		(1.04)	$	1.86	$	(1.31)
Awards excluded from diluted earnings (loss) per share		492,344		678,377		492,344		703,377

Our weighted average number of common stock - basic increased, primarily as a result of the vesting of restricted stock units. During the first six months of 2021, we did not repurchase any shares of Class A Common Stock.

Certain shares issuable under stock options and restricted stock units were excluded from the computation of diluted net income (loss) per share in periods when their effect was anti-dilutive; either because our Company incurred a net loss for the period, or the exercise price of the options was greater than the average market price of the common stock during the period, or the effect was anti-dilutive as a result of applying the treasury stock method.

Property And Equipment

6 Months Ended

Jun. 30, 2021

Property And Equipment [Abstract]

Property And Equipment

Note 6 – Property and Equipment

Operating Property, net

As of June 30, 2021, and December 31, 2020, property associated with our operating activities is summarized as follows:



	June 30,		December 31,
(Dollars in thousands)	2021		2020
Land	$	70,603	$	82,286
Building and improvements		225,600		253,419
Leasehold improvements		58,800		59,054
Fixtures and equipment		196,757		201,518
Construction-in-progress		8,025		9,285
Total cost		559,785		605,562
Less: accumulated depreciation		(243,040)		(252,437)
Operating property, net	$	316,745	$	353,125

Depreciation expense for operating property was $5.9 million and $11.3 million for the quarter and six months ended June 30, 2021, respectively, and $5.0 million and $10.2 million for the quarter and six months ended June 30, 2020, respectively.

Investment and Development Property, net

As of June 30, 2021, and December 31, 2020, our investment and development property is summarized below:



	June 30,		December 31,
(Dollars in thousands)	2021		2020
Land	$	4,244	$	5,936
Construction-in-progress (including capitalized interest)		5,469		5,634
Investment and development property	$	9,713	$	11,570

Construction-in-Progress – Operating and Investing Properties

Construction-in-Progress balances are included in both our operating and development properties. The balances of our major projects along with the movements for the six months ended June 30, 2021, are shown below:



(Dollars in thousands)	Balance, ‎December 31, ‎2020		Additions during the period		Completed ‎during the ‎period		Transferred to Held for Sale		Foreign ‎currency ‎translation		Balance, June 30, 2021
Courtenay Central development		7,255		4		—		—		(218)		7,041
Cinema developments and improvements		6,357		3,157		(3,886)		—		(10)		5,618
Other real estate projects		1,307		653		(990)		(121)		(14)		835
Total	$	14,919	$	3,814	$	(4,876)	$	(121)	$	(242)	$	13,494

Real Estate Transactions - Sales

Beginning in 2020, we reviewed our various real estate holdings in light of the fact that our cash flow from cinema operations had been materially adversely affected by the governmentally mandated cinema closings ordered in response to the COVID-19 pandemic and that, for the foreseeable future, other sources of cash would be needed to support our operations and that only very limited funds would be available for capital investment in our properties. Between the fourth quarter of 2020 and the second quarter of 2021, we classified as assets held for sale disposal groups and thereafter monetized the following real estate assets: the Auburn/Redyard Entertainment Themed Center (“ETC”), the Royal George Theatre, Coachella (land), and Manukau (land). A ‘disposal group’ represents assets to be disposed of in a single transaction. A disposal group may represent a single asset, or multiple assets. Each of these transactions is discussed separately below.

Auburn/Redyard, New South Wales

In January 2021, we classified our Auburn / Redyard ETC as held for sale, reflecting the fact that approximately 2.6 acres of this property was non-income producing land. This disposal group, which consists of land, the ETC building and related property, plant and equipment, was transferred to Land and Property Held for Sale at its book value of $30.2 million (AU$39.1 million), being the lower of cost and fair value less costs to sell. No adjustments to the book value of the assets contained within this disposal group were required.

The sale of Auburn/Redyard was completed on June 9, 2021, for $69.6 million (AU$90.0 million). As part of the transaction, we entered into a lease with the purchaser for the cinema portion of the Auburn/Redyard site.

The gain on sale of this property is calculated as follows:


	June 30,
(Dollars in thousands)	2021
Sales price	$	69,579
Net book value		(30,231)
Gain on sale, gross of direct costs		39,348
Direct sale costs incurred		(622)
Gain on sale, net of direct costs	$	38,726

Royal George Theatre, Chicago

In February 2021, we classified our Royal George Theatre as held for sale as part of our strategy to monetize certain real estate assets. This disposal group, which consists of the Royal George Theatre building and the associated property, plant and equipment, was transferred to Land and Property Held for Sale at its book value of $1.8 million, being the lower of cost and fair value less costs to sell. No adjustments to the book value of the assets contained within this disposal group were required. On May 14, 2021, we entered into a definitive purchase and sale agreement with a qualified buyer. On June 30, 2021, we received net sale proceeds of $6.8 million (net of closing costs).

The gain on sale of this property is calculated as follows:


	June 30,
(Dollars in thousands)	2021
Sales price	$	7,075
Net book value		(1,824)
Gain on sale, gross of direct costs		5,251
Direct sale costs incurred		(295)
Gain on sale, net of direct costs	$	4,956

Coachella, California

In December 2020, we classified the non-income producing land at Coachella (held through Shadow View Land and Farming LLC) as held for sale. This disposal group, which consists of land and certain improvements to that land, was transferred to Land and Property Held for Sale at its book value of $4.4 million, being the lower of cost and fair value less costs to sell. No adjustments to the book value of this asset were required. The sale of this land was completed on March 5, 2021 for $11.0 million. As a 50% member in Shadow View Land and Farming LLC, our Company received the benefit of 50% of the sale, being $5.3 million, These actions were approved by our Audit and Conflicts Committee.

The gain on sale of this property is calculated as follows:


	March 31,
(Dollars in thousands)	2021
Sales price	$	11,000
Net book value		(4,351)
Gain on sale, gross of direct costs		6,649
Direct sale costs incurred		(301)
Gain on sale, net of direct costs	$	6,348

Manukau, New Zealand

In December 2020, we classified our non-income producing land at Manukau, New Zealand, as held for sale . This disposal group, which consists of land and certain improvements to that land, was transferred to Land Held for Sale at its book value of $13.6 million, being the lower of cost and fair value less costs to sell. No adjustments to the book value of this asset were required. The sale of this land was completed on March 4, 2021, for $56.1 million (NZ$77.2 million), of which NZ$1.0 million was received on February 23, 2021, and the balance of funds was received on March 4, 2021.

The gain on sale of this property is calculated as follows:


	March 31,
(Dollars in thousands)	2021
Sales price	$	56,058
Net book value		(13,618)
Gain on sale, gross of direct costs		42,440
Direct sale costs incurred		(1,514)
Gain on sale, net of direct costs	$	40,926

Real Estate Transactions - Acquisitions

Exercise of Option to Acquire Ground Lessee’s Interest in Ground Lease and Improvements Constituting the Village East Cinema

On August 28, 2019, we exercised our option to acquire the ground lessee’s interest in the 13-year ground lease underlying and the real property assets constituting our Village East Cinema in Manhattan. The purchase price under the option was $5.9 million. It was initially agreed that the transaction would close on or about May 31, 2021. On March 29, 2021, we extended the closing date to January 1, 2023.

Investments In Unconsolidated Joint Ventures

6 Months Ended

Jun. 30, 2021

Investments In Unconsolidated Joint Ventures [Abstract]

Investments In Unconsolidated Joint Ventures

Note 7 – Investments in Unconsolidated Joint Ventures

Our investments in unconsolidated joint ventures are accounted for under the equity method of accounting.

The table below summarizes our active investment holdings in two (2) unconsolidated joint ventures as of June 30, 2021 and December 31, 2020:



		June 30,		December 31,
(Dollars in thousands)	Interest	2021		2020
Rialto Cinemas	50.0%	$	1,083	$	1,065
Mt. Gravatt	33.3%		4,029		3,960
Total investments		$	5,112	$	5,025

For the quarter and six months ended June 30, 2021 and 2020, the recognized share of equity earnings from our investments in unconsolidated joint ventures are as follows:



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Rialto Cinemas	$	102	$	(95)	$	52	$	(109)
Mt. Gravatt		181		(179)		181		(86)
Total equity earnings	$	283	$	(274)	$	233	$	(195)

Goodwill And Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill And Intangible Assets [Abstract]

Goodwill And Intangible Assets

Note 8 – Goodwill and Intangible Assets

The table below summarizes goodwill by business segment as of June 30, 2021 and December 31, 2020.



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at December 31, 2020	$	22,892	$	5,224	$	28,116
Foreign currency translation adjustment		(850)		—		(850)
Balance at June 30, 2021	$	22,042	$	5,224	$	27,266

Our Company is required to test goodwill and other intangible assets for impairment on an annual basis and, if current events or circumstances require, on an interim basis. Our next annual evaluation of goodwill and other intangible assets is scheduled during the fourth quarter of 2021. To test the impairment of goodwill, our Company compares the fair value of each reporting unit to its carrying amount, including the goodwill, to determine if there is potential goodwill impairment. A reporting unit is generally one level below the operating segment. As of June 30, 2021, we were not aware that any events indicating potential impairment of goodwill had occurred outside of those described at Note 3 – Impact of COVID-19 Pandemic and Liquidity.

The tables below summarize intangible assets other than goodwill, as of June 30, 2021 and December 31, 2020, respectively.



	As of June 30, 2021
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	12,396	$	9,058	$	5,009	$	26,463
Less: Accumulated amortization		(10,471)		(7,518)		(4,719)		(22,708)
Less: Impairments		—		—		(17)		(17)
Net intangible assets other than goodwill	$	1,925	$	1,540	$	273	$	3,738



	As of December 31, 2020
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	12,451	$	9,058	$	4,764	$	26,273
Less: Accumulated amortization		(10,375)		(7,377)		(4,533)		(22,285)
Less: Impairments		—		—		(17)		(17)
Net intangible assets other than goodwill	$	2,076	$	1,681	$	214	$	3,971

Beneficial leases obtained in business combinations where we are the landlord are amortized over the life of the relevant leases. Trade names are amortized based on the accelerated amortization method over their estimated useful life of 30 years, and other intangible assets are amortized over their estimated useful lives of up to 30 years (except for transferrable liquor licenses, which are indefinite-lived assets). The table below summarizes the amortization expense of intangible assets for the quarter and six months ended June 30, 2021



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Beneficial lease amortization	$	29	$	25	$	59	$	50
Other amortization		105		229		270		306
Total intangible assets amortization	$	134	$	254	$	329	$	356

Prepaid And Other Assets

6 Months Ended

Jun. 30, 2021

Prepaid And Other Assets [Abstract]

Prepaid And Other Assets

Note 9 – Prepaid and Other Assets

Prepaid and other assets are summarized as follows:



	June 30,		December 31,
(Dollars in thousands)	2021		2020
Prepaid and other current assets
Prepaid expenses	$	2,092	$	1,946
Prepaid rent		1,024		162
Prepaid taxes		3,723		455
Income taxes receivable		1,992		5,572
Deposits		245		245
Investment in marketable securities		25		26
Restricted cash		6,713		8
Total prepaid and other current assets	$	15,814	$	8,414
Other non-current assets
Straight-line rent asset		4,913		6,050
Other non-cinema and non-rental real estate assets		1,134		1,134
Investment in Reading International Trust I		838		838
Long-term deposits		10		8
Total other non-current assets	$	6,895	$	8,030

Income Taxes

6 Months Ended

Jun. 30, 2021

Income Taxes [Abstract]

Income Taxes

Note 10 – Income Taxes

The U.S. Coronavirus Aid, Relief, and Economic Security Act (“The CARES Act”) was enacted on March 27, 2020 to provide, among other things, tax relief to companies impacted by the COVID-19 pandemic. The CARES Act includes, among other items, provisions for net operating loss carryback, modifications to the business interest expense deduction, a technical correction to tax depreciation methods for qualified improvement property, and alternative minimum tax credit refunds. During the quarter ended March 31, 2020, we recorded a tax benefit arising from the carryback of the net operating loss generated in the taxable year ended December 31, 2019.

The interim provision for income taxes is different from the amount determined by applying the U.S. federal statutory rate to consolidated income or loss before taxes. The differences are attributable to foreign tax rate differential, unrecognized tax benefits, and foreign tax credit. Our effective tax rate was 22.9% and 13.7% for the six months ended June 30, 2021, and 2020, respectively. During the second quarter of 2021, we recorded an income tax benefit of approximately $5.5 million due to the recognition of previously unrecognized tax benefits, which reduced the effective tax rate by 9.7%. The forecasted effective tax rate is updated each quarter as new information becomes available.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Borrowings

6 Months Ended

Jun. 30, 2021

Borrowings [Abstract]

Borrowings

‎

Note 11 – Borrowings

Our Company’s borrowings at June 30, 2021 and December 31, 2020, net of deferred financing costs and including the impact of interest rate derivatives on effective interest rates, are summarized below:



	As of June 30, 2021
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, ‎Net⁽¹⁾		Stated ‎Interest Rate	Effective ‎Interest ‎Rate
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	26,617	4.19%	4.19%
Bank of America Credit Facility (USA)	March 6, 2023		55,000		45,000		44,818	4.00%	4.00%
Bank of America Line of Credit (USA)	March 6, 2023		5,000		5,000		5,000	3.07%	3.07%
Cinemas 1, 2, 3 Term Loan (USA)	April 1, 2022		24,334		24,334		23,967	4.25%	4.25%
Minetta & Orpheum Theatres Loan (USA)⁽²⁾	November 1, 2023		8,000		8,000		7,928	2.14%	5.15%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,063		9,063		8,979	4.64% / 4.44%	4.61%
Purchase Money Promissory Note (USA)	September 18, 2024		2,386		2,386		2,386	5.00%	5.00%
Union Square Financing (USA)	May 6, 2024		55,000		43,000		41,750	7.00%	7.00%
Denominated in foreign currency ("FC") ⁽³⁾
NAB Corporate Term Loan (AU)	December 31, 2023		76,835		76,835		76,670	1.81%	1.81%
Westpac Bank Corporate (NZ)	December 31, 2023		11,165		11,165		11,165	2.95%	2.95%
		$	274,696	$	252,696	$	249,280

(1)Net of deferred financing costs amounting to $3.4 million.

(2)The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 5.15%.

(3)The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of June 30, 2021.



	As of December 31, 2020
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, Net⁽¹⁾		Stated ‎Interest ‎Rate	Effective Interest Rate
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	26,505	4.27%	4.27%
Bank of America Credit Facility (USA)	March 6, 2023		55,000		51,200		50,990	4.00%	4.00%
Bank of America Line of Credit (USA)	March 6, 2023		5,000		5,000		5,000	3.15%	3.15%
Cinemas 1, 2, 3 Term Loan (USA)	April 1, 2022		24,625		24,625		24,248	4.25%	4.25%
Minetta & Orpheum Theatres Loan (USA)⁽²⁾	November 1, 2023		8,000		8,000		7,914	2.20%	5.15%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,186		9,186		9,095	4.64% / 4.44%	4.64%
Union Square Financing (USA)	March 31, 2021		50,000		40,623		40,620	17.50%	17.50%
Purchase Money Promissory Note	September 18, 2024		2,883		2,883		2,883	5.00%	5.00%
Denominated in foreign currency ("FC")⁽³⁾
NAB Corporate Term Loan (AU)	December 31, 2023		94,821		92,508		92,307	1.81%	1.81%
Westpac Bank Corporate (NZ)	December 31, 2023		23,021		23,021		23,021	2.95%	2.95%
Total		$	300,449	$	284,959	$	282,583

(1)Net of deferred financing costs amounting to $2.4 million.

(2)The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 5.15%.

(3)The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2020.

Our loan arrangements are presented, net of the deferred financing costs, on the face of our consolidated balance sheet as follows:



	June 30,		December 31,
Balance Sheet Caption	2021		2020
Debt - current portion	$	2,604	$	41,459
Debt - long-term portion		219,366		213,779
Subordinated debt - current portion		693		840
Subordinated debt - long-term portion		26,617		26,505
Total borrowings	$	249,280	$	282,583

Impact of COVID-19

To address the impact of COVID-19 on our business, we sought and obtained certain modifications to our loan agreements with the Bank of America, National Australia Bank, and Westpac. These loan modifications included changes to some of the covenant compliance terms and waivers of certain covenant testing periods. We are currently in compliance with our loan covenants as so modified. To date it has not been necessary for us to seek modifications or waivers with respect to our other loan agreements, as we continue to be in compliance with the terms of such loan agreements without the need for any such modifications or waivers.

Bank of America Credit Facility

On March 6, 2020, we amended our $55.0 million credit facility with Bank of America extending the maturity date to March 6, 2023. The refinanced facility carries an interest rate of 2.5% - 3.0%, depending on certain financial ratios plus a variable rate based on the loan defined “Eurodollar” interest rate.

On August 7, 2020, we modified certain financial covenants within this credit facility and temporarily suspended the testing of certain other covenant tests through the measurement period ending September 30, 2021. The testing of the financial covenant resumes for the measurement period ending December 31, 2021. In addition to the covenant modifications, the interest rate on borrowings under this facility was fixed at 3.0% above the “Eurodollar” rate, which itself now has a floor of 1.0%. Such a modification was not considered to be substantial under U.S. GAAP.

Bank of America Line of Credit

On March 6, 2020, the term of our $5.0 million line of credit was extended to March 6, 2023. On August 7, 2020, we modified the interest rate on this line of credit, wherein the LIBOR portion of the rate now has a floor of 1.0%.

Minetta and Orpheum Theatres Loan

On October 12, 2018, we refinanced our $7.5 million loan with Santander Bank, which is secured by our Minetta and Orpheum Theatres, with a loan for a five year term of $8.0 million. Such modification was not considered to be substantial under U.S. GAAP.

U.S. Corporate Office Term Loan

On December 13, 2016, we obtained a ten year $8.4 million mortgage loan on our Culver City Corporate Headquarters at a fixed annual interest rate of 4.64%. This loan provided for a second loan upon completion of certain improvements. On June 26, 2017, we obtained a further $1.5 million under this provision at a fixed annual interest rate of 4.44%.

Cinemas 1,2,3 Term Loan

On March 13, 2020, Sutton Hill Properties LLC (“SHP”), a 75% subsidiary of RDI, refinanced its $20.0 million term loan with Valley National Bank with a new term loan of $25.0 million, an interest rate of 4.25%, and maturity date of April 1, 2022, with two six month options to extend. With the availability of these loan extensions, we continue to keep the loan long-term.

Union Square Financing

On December 29, 2016, we closed construction finance facilities totaling $57.5 million to fund the non-equity portion of the anticipated construction costs of the redevelopment of our property at 44 Union Square in New York City. The facilities consisted of a first mortgage component of $50.0 million and a mezzanine component of $7.5 million. On August 8, 2019, we repaid the $7.5 million mezzanine loan. On January 24, 2020, we exercised the first of our two one year extension options on the first mortgage loan, taking the maturity to December 29, 2020. On December 29, 2020, we further extended the maturity of this loan to March 31, 2021, at an interest rate of 17.5%. On March 26, 2021, we acquired this first mortgage loan through a subsidiary using internally generated funds. On May 7, 2021, we closed on a new three year $55.0 million loan facility with Emerald Creek Capital which currently encumbers our 44 Union Square property. The facility bears a variable interest rate of one month LIBOR plus 6.9% with a floor of 7.0% and includes provisions for a prepaid interest and property tax reserve fund. The loan contains a reserve for existing Mechanic’s Liens at the time of the loan closing. The loan has two 12-month options to extend, but may be repaid at any time, subject to notice and a minimum interest payment equal to the positive difference between interest paid on the loan through the pre-payment date and one year’s interest. In effect, the loan may be repaid after May 7, 2022 without the payment of any premium.

Purchase Money Promissory Note

On September 18, 2019, we purchased for $5.5 million 407,000 Company Class A Common Stock in a privately negotiated transaction under our Share Repurchase Program. Of this amount, $3.5 million was paid by the issuance of a Purchase Money Promissory Note, which bears an interest rate of 5.0% per annum, payable in equal quarterly payments of principal plus accrued interest. The Purchase Money Promissory Note matures on September 18, 2024.

Westpac Bank Corporate Credit Facility (NZ)

On December 20, 2018, we restructured our Westpac Corporate Credit Facilities. The maturity of the 1^st tranche (general/non-construction credit line) was extended to December 31, 2023, with the available facility being reduced from NZ$35.0 million to NZ$32.0 million. The facility bears an interest rate of 1.75% above the Bank Bill Bid Rate on the drawn down balance and a 1.1% line of credit charge on the entire facility. The 2^nd tranche (construction line) with a facility of NZ$18.0 million was removed.

On June 29, 2020, Westpac pushed out the June 30, 2020 covenant testing date to July 31, 2020. On July 27, 2020, Westpac waived the requirement to test certain covenants as of July 31, 2020. This agreement also increased the interest rate and line of credit charge to 2.40% above the Bank Bill Bid Rate and 1.65% respectively. The maturity date was extended to January 1, 2024. Such modifications of this facility were not considered to be substantial under U.S. GAAP. On September 15, 2020, Westpac waived the requirement to test certain covenants as of September 30, 2020. On December 8, 2020, Westpac waived the requirement to test certain covenants as of December 31, 2020. On April 29, 2021, Westpac waived the requirement to test certain covenants as of March 31, 2021. On May 7, 2021, we repaid NZ$16.0 million of this debt, in a permanent reduction of this facility to NZ$16.0 million. On June 8, 2021, Westpac waived the requirement to test certain covenants as of June 30, 2021.

Australian NAB Corporate Term Loan (AU)

On March 15, 2019, we amended our Revolving Corporate Markets Loan Facility with National Australia Bank (“NAB”) from a facility comprised of (i) an AU$66.5 million loan facility with an interest rate of 0.95% above the Bank Bill Swap Bid Rate (“BBSY”) and a maturity date of June 30, 2019 and (ii) a bank guarantee of AU$5.0 million at a rate of 1.90% per annum into a (i) AU$120.0 million Corporate Loan facility at rates of 0.85%-1.30% above BBSY depending on certain ratios with a due date of December 31, 2023, of which AU$80.0 million is revolving and AU$40.0 million is core and (ii) a Bank Guarantee Facility of AU$5.0 million at a rate of 1.85% per annum. Such modifications of this particular term loan were not considered to be substantial under U.S. GAAP.

On August 6, 2020, we modified certain covenants within this Revolving Corporate Markets Loan Facility. These modifications applied until the quarter ended June 30, 2021. In addition, for the period in which these covenant modifications applied, the interest rate on amounts borrowed under the facility was 1.75%. Such a modification was not considered to be substantial under U.S. GAAP.

On December 29, 2020, we modified the core portion of our Revolving Corporate Markets Loan Facility, increasing it to AU$43.0 million. The AU$3.0 million increase was provided to fund the completion of our recently opened cinema at Jindalee, Queensland, and is repayable in semi-annual installments of AU$500,000, the first installment being April 30, 2021, until fully repaid on October 31, 2023. This amendment increases the Facility Limit to AU$123.0 million, which will be reduced back to AU$120.0 million as the Jindalee funding is repaid. We further modified certain covenants within this Revolving Corporate Markets Loan Facility with NAB. The Fixed Charge Cover Ratio testing periods were further modified through the quarter ended September 30, 2021. The Leverage Ratio was also modified through the quarter ended June 30, 2022.

On June 9, 2021, we repaid AU$20.0 million of the revolving portion of this debt, in a permanent reduction of this facility.

Other Liabilities

6 Months Ended

Jun. 30, 2021

Other Liabilities [Abstract]

Other Liabilities

Note 12 – Other Liabilities

Other liabilities are summarized as follows:



	June 30,		December 31,
(Dollars in thousands)	2021		2020
Current liabilities
Liability for demolition costs		2,840		2,928
Accrued pension		684		684
Security deposit payable		52		132
Finance lease liabilities		49		49
Other		33		33
Other current liabilities	$	3,658	$	3,826
Other liabilities
Lease make-good provision		7,670		7,408
Accrued pension		3,829		4,048
Deferred rent liability		2,035		2,897
Environmental reserve		1,656		1,656
Lease liability		5,900		5,900
Acquired leases		26		31
Finance lease liabilities		44		69
Other		1		8
Other non-current liabilities	$	21,161	$	22,017

Pension Liability – Supplemental Executive Retirement Plan

On August 29, 2014, the Supplemental Executive Retirement Plan (“SERP”) that has been effective since March 1, 2007, was ended and replaced in accordance with the terms of a pension annuity. As a result of the termination of the SERP program, the accrued pension liability of $7.6 million was reversed and replaced with this pension annuity liability of $7.5 million. The valuation of the liability is based on the present value of $10.2 million discounted at a rate of 4.25% over a 15-year term, resulting in a monthly payment of $57,000. The discounted value of $2.7 million (which is the difference between the estimated payout of $10.2 million and the present value of $7.5 million) as of August 29, 2014 will be amortized and expensed based on the 15-year term. In addition, the accumulated actuarial loss of $3.1 million recorded, as part of other comprehensive income will also be amortized based on the 15-year term.

In February 2018, we made a payment of $2.4 million relating to the annuity representing payments for the 42 months outstanding at the time. Monthly ongoing payments of $57,000 are now being made.

As a result of the above, included in our current and non-current liabilities are accrued pension costs of $4.5 million at June 30, 2021. The benefits of our pension plan are fully vested and therefore no service costs were recognized for the six months ended June 30, 2021 and 2020. Our pension plan is unfunded.

During the quarter and six months ended June 30, 2021, the interest cost was $61,000 and $123,000, and the actuarial loss was $51,000 and $104,000. During the quarter and six months ended June 30, 2020, the interest cost was $66,000 and $134,000 and the actuarial loss was $51,000 and $103,000

Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2021

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note 13 – Accumulated Other Comprehensive Income

The following table summarizes the changes in each component of accumulated other comprehensive income attributable to RDI:



(Dollars in thousands)	Foreign ‎Currency ‎Items		Unrealized ‎Gain (Losses) ‎on Available- ‎for-Sale ‎Investments		Accrued ‎Pension ‎Service Costs		Hedge ‎Accounting ‎Reserve		Total
Balance at January 1, 2021	$	14,966	$	(12)	$	(2,135)	$	(317)	$	12,502

Change related to derivatives
Total change in hedge fair value recorded in Other Comprehensive Income		—		—		—		1		1
Amounts reclassified from accumulated other comprehensive income		—		—		—		115		115
Net change related to derivatives		—		—		—		116		116

Net current-period other comprehensive income (loss)		(4,356)		(1)		104		116		(4,137)
Balance at June 30, 2021	$	10,610	$	(13)	$	(2,031)	$	(201)	$	8,365

Commitments And Contingencies

6 Months Ended

Jun. 30, 2021

Commitments And Contingencies [Abstract]

Commitments And Contingencies

Note 14 – Commitments and Contingencies

Litigation General

Insofar as our Company is aware, there are no claims, arbitration proceedings, or litigation proceedings that constitute material contingent liabilities of our Company. Such matters require significant judgments based on the facts known to us. These judgments are inherently uncertain and can change significantly when additional facts become known. We provide accruals for matters that have probable likelihood of occurrence and can be properly estimated as to their expected negative outcome. We do not record expected gains until the proceeds are received by us. However, we typically make no accruals for potential costs of defense, as such amounts are inherently uncertain and dependent upon the scope, extent and aggressiveness of the activities of the applicable plaintiff.

Discussed below are certain litigation matters which, however, have been or may be significant to our Company.

Litigation Matters

We are currently involved in certain legal proceedings and, as required, have accrued estimates of probable and estimable losses for the resolution of these claims, including legal costs.

Where we are the plaintiffs, we accrue legal fees as incurred on an on-going basis and make no provision for any potential settlement amounts until received. In Australia, the prevailing party is usually entitled to recover its attorneys’ fees, which recoveries typically work out to be approximately 60% of the amounts actually spent where first-class legal counsel is engaged at customary rates. Where we are a plaintiff, we have likewise made no provision for the liability for the defendant’s attorneys’ fees in the event we are determined not to be the prevailing party.

Where we are the defendants, we accrue for probable damages that insurance may not cover as they become known and can be reasonably estimated, as permitted under ASC 450-20 Loss Contingencies. In our opinion, any claims and litigation in which we are currently involved are not reasonably likely to have a material adverse effect on our business, results of operations, financial position, or liquidity. It is possible, however, that future results of the operations for any particular quarterly or annual period could be materially affected by the ultimate outcome of the legal proceedings. From time to time, we are involved with claims and lawsuits arising in the ordinary course of our business that may include contractual obligations, insurance claims, tax claims, employment matters, and anti-trust issues, among other matters.

Environmental and Asbestos Claims on Reading Legacy Operations

Certain of our subsidiaries were historically involved in railroad operations, coal mining, and manufacturing. Also, certain of these subsidiaries appear in the chain-of-title of properties that may suffer from pollution. Accordingly, certain of these subsidiaries have, from time to time, been named in and may in the future be named in various actions brought under applicable environmental laws. Also, we are in the real estate development business and may encounter from time-to-time environmental conditions at properties that we have acquired for development and which will need to be addressed in the future as part of the development process. These environmental conditions can increase the cost of such projects and adversely affect the value and potential for profit of such projects. We do not currently believe that our exposure under applicable environmental laws is material in amount.

From time to time, there are claims brought against us relating to the exposure of former employees to asbestos and/or coal dust. These are generally covered by an insurance settlement reached in September 1990 with our insurance providers. However, this insurance settlement does not cover litigation by people who were not employees of our historic railroad operations and who may claim direct or second-hand exposure to asbestos, coal dust and/or other chemicals or elements now recognized as potentially causing cancer in humans. Our known exposure to these types of claims, asserted or probable of being asserted, is not material.

Cotter Jr. Derivative Litigation

This action was originally brought by James J. Cotter, Jr. (“Cotter Jr.”) in June 2015 in the Nevada District Court against all of the Directors of our Company and against our Company as a nominal defendant: James J. Cotter, Jr., individually and derivatively on behalf of Reading International, Inc. vs. Margaret Cotter, et al.” Case No: A-15-719860-V. On October 1, 2020, the Nevada Supreme Court determined that the District Court had erred when it denied the defendants’ motions to dismiss the case for lack of standing on the part of Cotter, Jr., to bring such an action, vacated the District Court’s orders denying the motions to dismiss and remanded for entry of judgment. The Supreme Court sustained the District Court’s award to our Company of costs in the amount of $809,000. Final judgment was entered on October 1, 2020 and the costs award has been paid. This matter is now at an end.

California Employment Litigation

Our Company is currently a defendant in certain California employment matters which include substantially overlapping wage and hour claims relating to our California cinema operations as described below. Taylor Brown, individually, and on behalf of other members of the general public similarly situated vs. Reading Cinemas et al. Superior Court of the State of California for the County of Kern, Case No. BCV-19-1000390 (“Brown v. RC,” and the “Brown Class Action Complaint”) was initially filed in December 2018, as an individual action and refiled as a putative class action in February 2019, but not served until June 24, 2019. Peter M. Wagner, Jr., an individual, vs. Consolidated Entertainment, Inc. et al., Superior Court of the State of California for the County of San Diego, Case NO. 37-2019-00030695-CU-WT-CTL (“Wagner v. CEI,” and the “Wagner Individual Complaint”) was filed as a discrimination and retaliation lawsuit in June 2019. The following month, in July 2019, a notice was served on us by separate counsel for Mr. Wagner under the California Private Attorney General Act of 2004 (Cal. Labor Code Section 2698, et seq) (the “Wagner PAGA Claim”) purportedly asserting in a representational capacity claims under the PAGA statute, overlapping, in substantial part, the allegations set forth in the Brown Class Action Complaint. On March 6, 2020, Wagner filed a purported class action in the Superior Court of California, County of San Diego, again covering basically the same allegations as set forth in the Brown Class Action Complaint, and titled Peter M. Wagner, an individual, on behalf of himself and all others similarly situated vs. Reading International, Inc., Consolidated Entertainment, Inc. and Does 1 through 25, Case No. 37-2020-000127-CU-OE-CTL (the “Wagner Class Action” and the “Wagner Class Action Complaint”). Following mediation, the Wagner Individual Complaint was settled, and final judgment entered on February 10, 2021, at what we believe to have been its nuisance value. The remaining lawsuits seek damages, and attorneys’ fees, relating to alleged violations of California labor laws relating to meal periods, rest periods, reporting time pay, unpaid wages, timely pay upon termination and wage statements violations.

On July 13, 2021, following a mediation, the parties agreed to settle the claims set forth in the remaining lawsuits (specifically, the Brown Class Action Complaint, the Wagner PAGA Claim and the Wagner Class Action Complaint) for the Company’s payment of $4.0 million (the “Settlement Amount”). The settlement is contingent upon the execution and delivery of a final settlement agreement and final court approval. The Settlement Amount is to be paid in two installments, one-half within 30 days of final court approval and the balance nine-months thereafter. A court hearing on the settlement is not expected prior to the fourth quarter of 2021. We have accrued the Settlement Amount as a second quarter cinema segment administrative expense.

General Diversified Limited v. Reading Wellington Properties Arbitration

On June 18, 2021, General Diversified Limited (“GDL”), an owner and operator of supermarkets in New Zealand, filed an arbitration statement of claim (the “Statement of Claim”) in Auckland, New Zealand, against our wholly owned subsidiary, Reading Wellington Properties, Limited (“RWPL”), relating to the enforceability of an Agreement to Lease (the “ATL”) entered into between the parties in February 2013, contemplating the construction by RWPL and the lease by GDL of a supermarket in Wellington, New Zealand on property owned by RWPL. The ATL contemplated that GDL would also obtain certain rights to use parking spaces in an adjacent 9 story parking structure owned by another of our wholly owned subsidiaries, Courtenay Carpark Limited (the “Parking Garage”). However, as a result of the Kaikōura earthquake on November 14, 2016, it was necessary to demolish the Parking Garage. It has not been rebuilt and there is currently no plan to rebuild it and neither RWPL nor Courtenay Carpark Limited have any legal right to rebuild it under presently existing laws controlling land use in Wellington. Accordingly, we believe that it became impossible to deliver the specific parking rights contemplated by the ATL and, given the materiality of these parking rights to the transaction contemplated by the ATL, that the ATL has been frustrated and is of no ongoing force and effect. GDL asserts a different view and is seeking a declaration that the ATL remains binding upon the parties and for specific performance by RWPL of the ATL.

RWPL plans to file a response contesting GDL’s claims, and raising various affirmative defenses, including frustration and a failure of the parties to reach any specifically enforceable agreement as to certain fundament construction and construction cost issues. No damages are being sought by GDL, other than costs, and no reserves for this matter have been established. RWPL is a limited liability company, its only asset being the parcel of unimproved land on which the supermarket was to be built.

In the interim, the parties have been having, and are continuing to have, “without prejudice” discussions as to possible alternatives pursuant to which a grocery store of the type contemplated by the parties could be developed and leased to GDL.

Non-controlling Interests

6 Months Ended

Jun. 30, 2021

Non-controlling Interests [Abstract]

Non-controlling Interests

‎

Note 15 – 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:



	June 30,		December 31,
(Dollars in thousands)	2021		2020
Australian Country Cinemas, Pty Ltd	$	(9)	$	(51)
Shadow View Land and Farming, LLC		(3)		2,131
Sutton Hill Properties, LLC		1,110		1,324
Noncontrolling interests in consolidated subsidiaries	$	1,098	$	3,404

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



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Australian Country Cinemas, Pty Ltd	$	(17)	$	(45)	$	41	$	(46)
Shadow View Land and Farming, LLC		14		(22)		3,166		(43)
Sutton Hill Properties, LLC		(105)		(118)		(213)		(177)
Net income (loss) attributable to noncontrolling interests	$	(108)	$	(185)	$	2,994	$	(266)

Summary of Controlling and Noncontrolling Stockholders’ Equity

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


	Common Shares								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, 2021	20,069	$	231	1,680	$	17	$	149,979	$	(44,553)	$	(40,407)	$	12,502	$	77,769	$	3,404	$	81,173
Net income (loss)	—		—	—		—		—		18,965		—		—		18,965		3,102		22,067
Other comprehensive income, net	—		—	—		—		—		—		—		(2,545)		(2,545)		—		(2,545)
Share-based compensation expense	—		—	—		—		464		—		—		—		464		—		464
Restricted Stock Units	52		1	—		—		(111)		—		—		—		(110)		—		(110)
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		(5,300)		(5,300)
At March 31, 2021	20,121	$	232	1,680	$	17	$	150,332	$	(25,588)	$	(40,407)	$	9,957	$	94,543	$	1,206	$	95,749
Net income	—		—	—		—		—		22,702		—		—		22,702		(108)		22,594
Other comprehensive income, net	—		—	—		—		—		—		—		(1,592)		(1,592)		—		(1,592)
Share-based compensation expense	—		—	—		—		450		—		—		—		450		—		450
Restricted Stock Units	4		—	—		—		(2)		—		—		—		(2)		—		(2)
At June 30, 2021	20,125	$	232	1,680	$	17	$	150,780	$	(2,886)	$	(40,407)	$	8,365	$	116,101	$	1,098	$	117,199


	Common Shares								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, 2020	20,103	$	231	1,680	$	17	$	148,602	$	20,647	$	(39,737)	$	5,589	$	135,349	$	4,267	$	139,616
Net income (loss)	—		—	—		—		—		(5,875)		—		—		(5,875)		(80)		(5,955)
Other comprehensive income, net	—		—	—		—		—		—		—		(15,879)		(15,879)		(18)		(15,897)
Share-based compensation expense	—		—	—		—		336		—		—		—		336		—		336
Share repurchase plan	(75)		—	—		—		—		—		(670)		—		(671)		—		(671)
Restricted Stock Units	19		—	—		—		(30)		—		—		—		(30)		—		(30)
At March 31, 2020	20,047	$	231	1,680	$	17	$	148,908	$	14,772	$	(40,407)	$	(10,290)	$	113,231	$	4,169	$	117,400
Net income	—		—	—		—		—		(22,702)		—		—		(22,702)		(185)		(22,887)
Other comprehensive income, net	—		—	—		—		—		—		—		10,707		10,707		9		10,716
Share-based compensation expense	—		—	—		—		369		—		—		—		369		—		369
Restricted Stock Units	21			—		—		(11)		—		—		—		(11)		—		(11)
At June 30, 2020	20,068		231	1,680		17		149,266		(7,930)		(40,407)		417		101,594		3,993		105,587

‎

Stock-Based Compensation And Stock Repurchases

6 Months Ended

Jun. 30, 2021

Stock-Based Compensation And Stock Repurchases [Abstract]

Stock-Based Compensation And Stock Repurchases

Note 16 – Stock-Based Compensation and Stock Repurchases

Employee and Director Stock Incentive Plan

2010 Stock Incentive Plan

Our 2010 Stock Incentive Plan (as amended, the “2010 Plan”) under which our Company has granted stock options and other share-based payment awards of our Common Stock to eligible employees, directors, and consultants has expired. In total, 1,505,598 shares of Class A Common Stock were issued or reserved for issuance pursuant to the previously granted options or restricted stock units under that plan.

2020 Stock Incentive Plan

On November 4, 2020, the Company enacted the 2020 Stock Incentive Plan, which was also approved by the Company’s stockholders on December 8, 2020 (the “2020 Plan”). Under the 2020 Plan, the Company may grant stock options and other share-based payment awards of our Class A Common Stock to eligible employees, directors and consultants. The aggregate total number of shares of Class A Common Stock authorized for issuance under the 2020 Plan at June 30, 2021 was 1,250,000, of which 1,096,938 remain available for future issuance. In addition, if any awards that were outstanding under the 2010 Plan are subsequently forfeited or if the related shares are repurchased, a corresponding number of shares will automatically become available for issuance under the 2020 Plan, thus resulting in a potential increase in the number of shares available for issuance under the 2020 Plan. At June 30, 2021, this potential increase in the number of shares eligible for issuance under the 2020 Plan was 176,086 Class A Common Stock.

Stock options are granted at exercise prices equal to the grant-date market prices and typically expire no later than five years from the grant date. In contrast to a stock option where the grantee buys our Company’s share at an exercise price determined on the grant date, a restricted stock unit (“RSU”) entitles the grantee to receive one share for every RSU based on a vesting plan, typically between one year and four years from grant. Beginning in 2020, a performance component has been added to certain of the RSUs granted to management, which vests on the third anniversary of their grant date based on the achievement of certain performance metrics. At the time the options are exercised or RSUs vest and are settled, at the discretion of management, we will issue treasury shares or make a new issuance of shares to the option or RSU holder.

Stock Options

We have estimated the grant-date fair value of our stock options using the Black-Scholes option-valuation model, which takes into account assumptions such as the dividend yield, the risk-free interest rate, the expected stock price volatility, and the expected life of the options. We expensed the estimated grant-date fair values of options over the vesting period on a straight-line basis. Based on our historical experience, the “deemed exercise” of expiring in-the-money options and the relative market price to strike price of the options, we have not estimated any forfeitures of vested or unvested options.

No stock options were issued in the six months ended June 30, 2021.

For the quarters ended June 30, 2021 and 2020, we recorded compensation expense of $101,000 and $120,000, respectively, with respect to our prior stock option grants. For the six months ended June 30, 2021 and June 30, 2020, we recorded compensation expense of $201,000 and $200,000, respectively. At June 30, 2021, the total unrecognized estimated compensation expense related to non-vested stock options was $0.4 million, which we expect to recognize over a weighted average vesting period of 1.13 years. The intrinsic, unrealized value of all options outstanding vested and expected to vest, at June 30, 2021 was $24,000, as the closing price of our Common Stock on that date was $6.97.

The following table summarizes the number of options outstanding and exercisable as of June 30, 2021 and December 31, 2020:



	Outstanding Stock Options - Class A Shares
	Number ‎of Options	Weighted ‎Average ‎Exercise Price		Weighted ‎Average ‎Remaining ‎Years of ‎Contractual ‎Life	Aggregate ‎Intrinsic ‎Value
	Class A	Class A		Class A	Class A
Balance - December 31, 2019	711,377	$	14.74	2.79	$	136,350
Granted	38,803		4.66	—		—
Exercised	—		—	—		—
Forfeited	(36,701)		14.74	—		—
Balance - December 31, 2020	713,479	$	14.64	2.18	$	13,969
Granted	—		—	—		—
Exercised	(38,803)		—	—		—
Forfeited	(157,332)		11.87	—		—
Balance - June 30, 2021	517,344	$	15.20	1.87	$	23,750

Restricted Stock Units

We estimate the grant-date fair values of our RSUs using our Company’s stock price at grant-date and record such fair values as compensation expense over the vesting period on a straight-line basis. The following table summarizes the status of the RSUs granted to date as of June 30, 2021:



	Outstanding Restricted Stock Units
	RSU Grants (in units)			Vested,	Unvested,	Forfeited,
Grant Date	Directors	Management	Total ‎Grants	June 30, ‎2021	June 30, ‎2021	June 30, ‎2021
March 10, 2016	35,147	27,381	62,528	62,264	—	264
April 11, 2016	—	5,625	5,625	5,108	—	517
March 23, 2017	30,681	32,463	63,144	62,612	—	532
August 29, 2017	—	7,394	7,394	7,394	—	—
January 2, 2018	29,393	—	29,393	29,393	—	—
April 12, 2018	—	29,596	29,596	21,085	6,540	1,971
April 13, 2018	—	14,669	14,669	11,003	3,666	—
July 6, 2018	—	932	932	—	—	932
November 7, 2018	23,010	—	23,010	23,010	—	—
March 13, 2019	—	24,366	24,366	10,632	10,630	3,104
March 14, 2019	—	23,327	23,327	11,664	11,663	—
May 7, 2019	11,565	—	11,565	11,565	—	—
March 10, 2020	—	287,163	287,163	48,416	237,929	818
December 14, 2020	—	43,260	43,260	—	42,716	544
December 16, 2020	60,084	11,459	71,543	—	71,543	—
April 5, 2021	—	262,830	262,830	—	262,830	—
April 19, 2021	—	22,888	22,888	—	22,888	—

Total	189,880	793,353	983,233	304,146	670,405	8,682

RSU awards to management vest 25% on the anniversary of the grant date over a period of four years. Beginning in 2020, a performance component has been added to certain of the RSUs granted to management, which vest on the third anniversary of their grant date based on the achievement of certain performance metrics. On March 10, 2020, RSUs covering 287,163 shares were issued to members of executive management and other employees of our Company. Between December 14, 2020 and December 16, 2020, RSUs covering 114,803 shares were issued to members of executive management and other employees of our Company, all of which vest 100% on the anniversary of the grant date over a period of one year. Of these, we granted non-employee directors 60,084 RSUs (as well as 38,803 options) on December 16, 2020. In April 2021, RSUs covering 262,830 shares were issued to members of executive management. 50% of these RSUs vest evenly over a period of four years. The remaining 50% vest in full on the third anniversary of the grant date contingent upon the achievement of certain performance metrics. RSUs covering 22,888 shares were also issued to other employees of our Company. These awards vest 25% on the anniversary of the grant date over a period of four years.

We estimate the grant-date fair values of our RSUs using the Company’s stock price at grant-date and record such fair values as compensation expense over the vesting period on a straight-line basis. Prior to November 7, 2018, RSU awards to non-employee directors vested 100% in January of the following year in which such RSUs were granted. At the November 7, 2018 Board meeting, it was determined that it would be more appropriate for the vesting of RSUs to align with the director’s term of office. Accordingly, the RSUs granted on November 7, 2018, vested on the first to occur of (i) 5:00 pm, Los Angeles, CA time on the last business day prior to the one year anniversary of the grant date, or (ii) the date on which the recipient’s term as a director ended and the recipient or, as the case may be, the recipient’s successor was elected to the board of directors. Accordingly, the RSUs granted to directors on November 7, 2018 vested on May 7, 2019 annual meeting of stockholders. Due to the fact that our Company held our annual meeting of stockholders in May 2019, the vesting period for the RSUs issued on November 7, 2018 was shorter than anticipated. In order to adjust for this factor, the award of RSUs to directors made immediately following the 2019 Annual Meeting of Stockholders was determined using a value of $35,000 or one half of the dollar amount of the prior year’s annual grant. The RSUs issued to non-employee directors on May 7, 2019 vested on May 6, 2020.

For the quarters ended June 30, 2021 and 2020, we recorded compensation expense of $419,000 and $255,000, respectively. For the six months ended June 30, 2021 and 2020, we recorded compensation expense of $782,000 and $470,000 respectively. The total unrecognized compensation expense related to the non-vested RSUs was $3.6 million as of June 30, 2021, which we expect to recognize over a weighted average vesting period of 1.90 years.

Stock Repurchase Program

On March 2, 2017, our Company's Board of Directors authorized management, at its discretion, to spend up to an aggregate of $25.0 million to acquire shares of Reading’s Class A Common Stock. On March 14, 2019, the Board of Directors extended this stock buy-back program for two years, through March 2, 2021. On March 10, 2020, the Board increased the authorized amount by $25.0 million and extended it to March 2, 2022. At the present time, the amount available under the repurchase program authorization is $26.0 million.

The repurchase program allows Reading to repurchase its shares in accordance with the requirements of the SEC on the open market, in block trades and in privately negotiated transactions, depending on market conditions and other factors. All purchases are subject to the availability of shares at prices that are acceptable to Reading, and accordingly, no assurances can be given as to the timing or number of shares that may ultimately be acquired pursuant to this authorization.

Under the stock repurchase program, as of June 30, 2021, our Company had reacquired a total of 1,792,819 shares of Class A Common Stock for $24.0 million at an average price of $13.39 per share (excluding transaction costs). No shares of Class A Common Stock were purchased in the six months to June 30, 2021. The last share repurchase made by our Company was made on March 5, 2020, at which time 25,000 shares were purchased at an average cost per share of $7.30. This leaves $26.0 million available under the March 2, 2017 program, as extended, to March 2, 2022.

Leases

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Leases

Note 17 - Leases

In all leases, whether we are the lessor or lessee, we define lease term as the non-cancellable term of the lease plus any renewals covered by renewal options that are reasonably certain of exercise based on our assessment of economic factors relevant to the lessee. The non-cancellable term of the lease commences on the date the lessor makes the underlying property in the lease available to the lessee, irrespective of when lease payments begin under the contract.

As Lessee

We have operating leases for certain cinemas, and finance leases for certain equipment assets. Our leases have remaining lease terms of 1 to 20 years, with certain leases having options to extend to up to a further 20 years.

Contracts are analyzed in accordance with the criteria set out in ASC 842 to determine if there is a lease present. For contracts that contain an operating lease, we account for the lease component and the non-lease component together as a single component. For contracts that contain a finance lease we account for the lease component and the non-lease component separately in accordance with ASC 842.

In leases where we are the lessee, we recognize a right of use asset and lease liability at lease commencement, which is measured by discounting lease payments using an incremental borrowing rate applicable to the relevant country and lease term of the lease as the discount rate. Subsequent amortization of the right of use asset and accretion of the lease liability for an operating lease is recognized as a single lease cost, on a straight-line basis, over the term of the lease. A finance lease right-of-use asset is depreciated on a straight-line basis over the lesser of the useful life of the leased asset or the lease term. Interest on each finance lease liability is determined as the amount that results in a constant periodic discount rate on the remaining balance of the liability. Property taxes and other non-lease costs are accounted for on an accrual basis.

Lease payments for our cinema operating leases consist of fixed base rent, and for certain leases, variable lease payments consisting of contracted percentages of revenue, changes in the relevant CPI, and/or other contracted financial metrics.

As a result of the impacts of COVID-19, we have obtained certain concessions from our landlords. We have elected to account for these concessions as if there have been no changes to the underlying contracts, thereby recognizing abatements secured as variable lease expenses, and increasing payables for lease payment deferrals.

The components of lease expense were as follows:


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	12		24	$	25	$	64
Interest on lease liabilities		1		2		3		5
Operating lease cost		8,516		8,079		16,780		16,099
Variable lease cost		(1,593)		(833)		(2,744)		(652)
Total lease cost	$	6,937	$	7,272	$	14,064	$	15,516

Supplemental cash flow information related to leases is as follows:


	Six Months Ended
	June 30,
(Dollars in thousands)	2021		2020
Cash flows relating to lease cost
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	27	$	68
Operating cash flows for operating leases		7,621		8,436
Right-of-use assets obtained in exchange for new operating lease liabilities		22,178		179

Supplemental balance sheet information related to leases is as follows:


	June 30,		December 31,
(Dollars in thousands)	2021		2020
Operating leases
Operating lease right-of-use assets	$	228,156	$	220,503
Operating lease liabilities - current portion		23,753		22,699
Operating lease liabilities - non-current portion		220,426		212,806
Total operating lease liabilities	$	244,179	$	235,505
Finance leases
Property plant and equipment, gross		378		383
Accumulated depreciation		(291)		(271)
Property plant and equipment, net	$	87	$	112
Other current liabilities		49		49
Other long-term liabilities		44		69
Total finance lease liabilities	$	93	$	118

Other information
Weighted-average remaining lease term - finance leases		2		3
Weighted-average remaining lease term - operating leases		11		11
Weighted-average discount rate - finance leases		5.26%		5.27%
Weighted-average discount rate - operating leases		4.62%		4.71%

The maturities of our leases were as follows:


(Dollars in thousands)	Operating ‎leases		Finance ‎leases
2021	$	17,233	$	27
2022		34,669		43
2023		34,017		28
2024		32,157		—
2025		29,949		—
Thereafter		169,450		—
Total lease payments	$	317,475	$	98
Less imputed interest		(73,296)		(5)
Total	$	244,179	$	93

As of June 30, 2021, we have additional operating leases, primarily for cinemas, that have not yet commenced operations of approximately $12.5 million. It is anticipated that these operating leases will commence early 2022 with lease terms of 15 to 20 years.

As Lessor

We have entered into various leases as a lessor for our owned real estate properties. These leases vary in length between 1 and 20 years, with certain leases containing options to extend at the behest of the applicable tenants. Lease components consist of fixed base rent, and for certain leases, variable lease payments consisting of contracted percentages of revenue, changes in the relevant CPI, and/or other contracted financial metrics. None of our leases grant any right to the tenant to purchase the underlying asset.

We recognize lease payments for operating leases as property revenue on a straight-line basis over the lease term. Lease incentive payments we make to lessees are amortized as a reduction in property revenue over the lease term.

As a result of the impacts of COVID-19, we have provided certain concessions to specific tenants. We have elected to account for these concessions as if there have been no changes to the underlying contracts, thereby recognizing abatements granted as variable lease payments through revenue and increasing receivables for lease payment deferrals.

Lease income relating to operating lease payments was as follows:


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Components of lease income
Lease payments	$	2,681		2,245	$	5,382	$	4,566
Variable lease payments		197		(364)		366		(201)
Total lease income	$	2,878	$	1,881	$	5,748	$	4,365

The book value of underlying assets under operating leases from owned assets was as follows:


	June 30,		December 31,
(Dollars in thousands)	2021		2020
Building and improvements
Gross balance	$	138,704	$	153,643
Accumulated depreciation		(22,441)		(26,107)
Net Book Value	$	116,263	$	127,536

The Maturity of our leases were as follows:

		jj
(Dollars in thousands)	Operating ‎leases
2021	$	3,777
2022		6,965
2023		6,540
2024		5,647
2025		4,609
Thereafter		4,824
Total	$	32,362

Hedge Accounting

6 Months Ended

Jun. 30, 2021

Hedge Accounting [Abstract]

Hedge Accounting

Note 18 – Hedge Accounting

As of June 30, 2021, and December 31, 2020, our Company held interest rate derivatives in the total notional amount of $8.0 million and $8.0 million, respectively.

The derivatives are recorded on the balance sheet at fair value and are included in the following line items:


	Liability Derivatives
	June 30,			December 31,
	2021			2020
(Dollars in thousands)	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate contracts	Derivative financial instruments - current portion	$	219	Derivative financial instruments - current portion	$	218
	Derivative financial instruments - non-current portion		96	Derivative financial instruments - non-current portion		212
Total derivatives designated as hedging instruments		$	315		$	430
Total derivatives		$	315		$	430

We have no derivatives designated as hedging instruments which are in asset positions.

The changes in fair value are recorded in Other Comprehensive Income and released into interest expense in the same period(s) in which the hedged transactions affect earnings. In the quarter and six months ended to June 30, 2021 and June 30, 2020, respectively, the derivative instruments affected Comprehensive Income as follows:


(Dollars in thousands)	Location of Loss Recognized in Income on Derivatives					Amount of Loss Recognized in Income on Derivatives
		Quarter Ended June 30, 2021				Six Months Ended June 30
			2021		2020		2021		2020
Interest rate contracts	Interest expense	$	55		52	$	115	$	80
Total		$	55	$	52	$	115	$	80


					Loss Recognized in OCI on Derivatives (Effective Portion)
(Dollars in thousands)	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2021		2020		2021		2020
Interest rate contracts	$	61	$	52	$	(1)	$	285
Total	$	61	$	52	$	(1)	$	285

					Loss Reclassified from OCI into Income (Effective Portion)
Line Item	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2021		2020		2021		2020
Interest expense	$	61	$	52	$	115	$	80
Total	$	61	$	52	$	115	$	80

The derivative has no ineffective portion, and consequently no losses have been recognized directly in income.

Fair Value Measurements

6 Months Ended

Jun. 30, 2021

Fair Value Measurements [Abstract]

Fair Value Measurements

Note 19 – Fair Value Measurements

ASC 820, Fair Value Measurement establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The statement requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories:

Level 1: Quoted market prices in active markets for identical assets or liabilities;

Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and,

Level 3: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

As of June 30, 2021, and December 31, 2020 we had derivative financial liabilities carried and measured at fair value on a recurring basis of $315,000 and $430,000 respectively.

The following tables summarize our financial liabilities that are carried at cost and measured at fair value on a non-recurring basis as of June 30, 2021 and December 31, 2020, by level within the fair value hierarchy.



			Fair Value Measurement at June 30, 2021
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	222,397	$	—	$	—	$	227,520	$	227,520
Subordinated debt		30,299		—		—		20,319		20,319
	$	252,696	$	—	$	—	$	247,839	$	247,839



			Fair Value Measurement at December 31, 2020
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	254,163	$	—	$	—	$	258,525	$	258,525
Subordinated debt		30,796		—		—		20,423		20,423
	$	284,959	$	—	$	—	$	278,948	$	278,948

(1)These balances are presented before any deduction for deferred financing costs.

Following is a description of the valuation methodologies used to estimate the fair value of our financial assets and liabilities. There have been no changes in the methodologies used at June 30, 2021 and December 31, 2020.

Level 1 investments in marketable securities primarily consist of investments associated with the ownership of marketable securities in U.S. and New Zealand. These investments are valued based on observable market quotes on the last trading date of the reporting period.

Level 2 derivative financial instruments are valued based on discounted cash flow models that incorporate observable inputs such as interest rates and yield curves from the derivative counterparties. The credit valuation adjustments associated with our non-performance risk and counterparty credit risk are incorporated in the fair value estimates of our derivatives. As of June 30, 2021, and December 31, 2020, we concluded that the credit valuation adjustments were not significant to the overall valuation of our derivatives.

Level 3 borrowings include our secured and unsecured notes payable, trust preferred securities and other debt instruments. The borrowings are valued based on discounted cash flow models that incorporate appropriate market discount rates. We calculated the market discount rate by obtaining period-end treasury rates for fixed-rate debt, or LIBOR for variable-rate debt, for maturities that correspond to the maturities of our debt, adding appropriate credit spreads derived from information obtained from third-party financial institutions. These credit spreads take into account factors such as our credit rate, debt maturity, types of borrowings, and the loan-to-value ratios of the debt.

Our Company’s financial instruments also include cash, cash equivalents, receivables and accounts payable. The carrying values of these financial instruments approximate the fair values due to their short maturities. Additionally, there were no transfers of assets and liabilities between levels 1, 2, or 3 during the quarter and six months ended June 30, 2021 and June 30, 2020.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 20 – Subsequent Events No material subsequent events were identified as of the issue date of these Financial Statements.

Summary Of Significant Accounting Policies (Policy)	6 Months Ended
Summary Of Significant Accounting Policies (Policy)	Jun. 30, 2021
Summary Of Significant Accounting Policies [Abstract]
Basis Of Consolidation	Basis of Consolidation The accompanying consolidated financial statements include the accounts of our Company’s wholly-owned subsidiaries as well as majority-owned subsidiaries that our Company controls, and should be read in conjunction with our Company’s Annual Report on Form 10-K as of and for the year ended December 31, 2020 (“2020 Form 10-K”). All significant intercompany balances and transactions have been eliminated on consolidation. These consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim reporting with the instructions for Form 10-Q and Rule 10-01 of Regulation S-X of the Securities and Exchange Commission (“SEC”). As such, they do not include all information and footnotes required by U.S. GAAP for complete financial statements. We believe that we have included all normal and recurring adjustments necessary for a fair presentation of the results for the interim period. Operating results for the quarter and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021.
Use Of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and footnotes thereto. Significant estimates include (i) projections we make regarding the recoverability and impairment of our assets (including goodwill and intangibles), (ii) valuations of our derivative instruments, (iii) recoverability of our deferred tax assets, (iv) estimation of breakage and redemption experience rates, which drive how we recognize breakage on our gift card and gift certificates, and revenue from our customer loyalty program, (v) allocation of insurance proceeds to various recoverable components, and (vi) estimation of our Incremental Borrowing Rate (“IBR”) as relates to the valuation of our right-of-use assets and lease liabilities. Actual results may differ from those estimates.
New Accounting Standards And Accounting Changes	New Accounting Standards and Accounting Changes 1)In the fourth quarter of 2020, we adopted certain practical expedients provided by ASU 2020-04 Reference Rate Reform (Topic 848). This new guidance contains optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform. We have elected certain expedients which permit us to i) continue the method of assessing hedge effectiveness such that the reference rate on the hypothetical derivative matches the reference rate on the hedging instrument and ii) to continue to assert probability of the relevant hedged interest payments regardless of any expected modification in terms related to reference rate reform. The guidance allows for different expedient elections to be made at different points in time, and to this end the Company intends to reassess its elections of such expedients as and when alternations become necessary. 2)On April 8, 2020, the FASB released FASB Staff Q&A Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic. This provides optional relief when accounting for modifications to leases obtained as a result of COVID-19 which otherwise would have required full modification assessment under ASC 842. Where we have obtained rent concessions from our landlords, or provided concessions to our tenants, we have elected not to perform the standard Topic 842 modification evaluation where the concession does not result in the total consideration required by the contract being substantially less than the total consideration originally required by the contract. Under the guidance, where we have received or provided deferrals of rent, we have recorded the deferrals as receivables or payables, and where we have received or provided abatements, we have recorded these as variable rents in the consolidated statements of income. 3)In the second quarter of 2020, in order to account for certain wage subsidies received from the Australian and New Zealand governments, we adopted International Accounting Standard 20 - Accounting for Government Grants and Disclosure of Government Assistance (“IAS 20”). The aim of these Australian and New Zealand government subsidies is to protect as many jobs as possible during the COVID-19 Pandemic by subsidizing the wages of employees, using the administrative capabilities of employers to forward such subsidies to their employees. The subsidies are not loans to employees or employers. U.S. GAAP has no codified accounting guidance concerning the measurement and presentation of such government grants, and in lieu of such guidance, common practice is to refer to IAS 20. IAS 20 permits entities to account for government grants on a gross basis, showing grants receivable as income and the associated expense as costs, or on a net basis, by deducting the grant from the related expense. The nature of the wage subsidies is such that, without them, our Company would likely have reduced its wages and salaries expense through the termination of certain employees. Our Company has therefore elected to present wages and salaries expense net of government grants. The impacted wages and salaries costs are contained within ‘other operating expenses’ and ‘general and administrative expenses’ in our cinema and real estate segments. For the quarter and six months to June 30, 2021, our Australian operations received subsidies totaling AU$701,000 and AU$3.5 million (U.S.$2.3 million) respectively. No subsidies were received by our New Zealand operations during this period. There were no unfulfilled conditions or contingencies relating to these subsidies at June 30, 2021. 4)On January 1, 2020, we adopted ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This new guidance removes the second step of the two-step impairment test for measuring goodwill and is to be applied on a prospective basis only. Adoption of this standard has no material effect on our consolidated financial statements. 5)On January 1, 2020, we adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). This new guidance replaces the incurred loss impairment methodology under prior GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. We have no history of significant bad debt losses and as such adoption of this standard has no material effect on our consolidated financial statements.

Description Of Business And Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

Description Of Business And Segment Reporting [Abstract]

Summary Of Results Of Operations For Principal Business Segments



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Revenue:
Cinema exhibition	$	32,715	$	1,217	$	50,829	$	47,527
Real estate		3,448		2,303		6,771		6,905
Inter-segment elimination		(130)		(98)		(261)		(1,782)
	$	36,033	$	3,422	$	57,339	$	52,650
Segment operating income (loss):
Cinema exhibition	$	(7,345)	$	(17,254)	$	(15,621)	$	(19,908)
Real estate		(1,054)		(807)		(2,423)		(620)
	$	(8,399)	$	(18,061)	$	(18,044)	$	(20,528)

Reconciliation To Net Income Attributable To Common Shareholders



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Segment operating income (loss)	$	(8,399)	$	(18,061)	$	(18,044)	$	(20,528)
Unallocated corporate expense
Depreciation and amortization expense		(387)		(227)		(618)		(419)
General and administrative expense		(3,746)		(3,907)		(7,848)		(8,288)
Interest expense, net		(3,005)		(2,004)		(7,368)		(3,797)
Equity earnings of unconsolidated joint ventures		283		(274)		233		(195)
Gain (loss) on sale of assets		43,241		—		89,786		—
Other income (expense)		154		19		1,795		(196)
Income (loss) before income tax expense	$	28,141	$	(24,454)	$	57,936	$	(33,423)

Operations In Foreign Currency (Tables)

6 Months Ended

Jun. 30, 2021

Operations In Foreign Currency [Abstract]

Summary Of Currency Exchange Rates



	Foreign Currency / USD
	As of and ‎for the ‎quarter ‎ended	As of and ‎for the ‎six months ended	As of and ‎for the ‎twelve months ‎ended	As of and ‎for the ‎quarter ‎ended	As of and ‎for the ‎six months ended
	June 30, 2021		December 31, 2020	June 30, 2020
Spot Rate
Australian Dollar	0.7496		0.7709	0.6893
New Zealand Dollar	0.6978		0.7194	0.6446
Average Rate
Australian Dollar	0.7702	0.7716	0.6904	0.6576	0.6577
New Zealand Dollar	0.7153	0.7173	0.6504	0.6183	0.6266

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings (Loss) Per Share



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands, except share data)	2021		2020		2021		2020
Numerator:
Net income (loss) attributable to RDI common stockholders	$	22,702		(22,702)	$	41,667	$	(28,577)
Denominator:
Weighted average number of common stock – basic		21,808,556		21,742,667		21,784,700		21,749,356
Weighted average dilutive impact of awards		671,612		—		672,219		—
Weighted average number of common stock – diluted		22,480,168		21,742,667		22,456,919		21,749,356
Basic earnings (loss) per share attributable to RDI common stockholders	$	1.04		(1.04)	$	1.91	$	(1.31)
Diluted earnings (loss) per share attributable to RDI common stockholders	$	1.01		(1.04)	$	1.86	$	(1.31)
Awards excluded from diluted earnings (loss) per share		492,344		678,377		492,344		703,377

Property And Equipment (Tables)

6 Months Ended

Jun. 30, 2021

Real Estate Properties [Line Items]

Schedule Of Property And Equipment



	June 30,		December 31,
(Dollars in thousands)	2021		2020
Land	$	70,603	$	82,286
Building and improvements		225,600		253,419
Leasehold improvements		58,800		59,054
Fixtures and equipment		196,757		201,518
Construction-in-progress		8,025		9,285
Total cost		559,785		605,562
Less: accumulated depreciation		(243,040)		(252,437)
Operating property, net	$	316,745	$	353,125

Summary Of Investment And Development Property



	June 30,		December 31,
(Dollars in thousands)	2021		2020
Land	$	4,244	$	5,936
Construction-in-progress (including capitalized interest)		5,469		5,634
Investment and development property	$	9,713	$	11,570

Construction-In-Progress Balance



(Dollars in thousands)	Balance, ‎December 31, ‎2020		Additions during the period		Completed ‎during the ‎period		Transferred to Held for Sale		Foreign ‎currency ‎translation		Balance, June 30, 2021
Courtenay Central development		7,255		4		—		—		(218)		7,041
Cinema developments and improvements		6,357		3,157		(3,886)		—		(10)		5,618
Other real estate projects		1,307		653		(990)		(121)		(14)		835
Total	$	14,919	$	3,814	$	(4,876)	$	(121)	$	(242)	$	13,494

Coachella, CA [Member]

Real Estate Properties [Line Items]

Gain On Sale Of Property


	March 31,
(Dollars in thousands)	2021
Sales price	$	11,000
Net book value		(4,351)
Gain on sale, gross of direct costs		6,649
Direct sale costs incurred		(301)
Gain on sale, net of direct costs	$	6,348

Manukau, NZ [Member]

Real Estate Properties [Line Items]

Gain On Sale Of Property


	March 31,
(Dollars in thousands)	2021
Sales price	$	56,058
Net book value		(13,618)
Gain on sale, gross of direct costs		42,440
Direct sale costs incurred		(1,514)
Gain on sale, net of direct costs	$	40,926

New South Wales [Member]

Real Estate Properties [Line Items]

Gain On Sale Of Property


	June 30,
(Dollars in thousands)	2021
Sales price	$	69,579
Net book value		(30,231)
Gain on sale, gross of direct costs		39,348
Direct sale costs incurred		(622)
Gain on sale, net of direct costs	$	38,726

Chicago [Member]

Real Estate Properties [Line Items]

Gain On Sale Of Property


	June 30,
(Dollars in thousands)	2021
Sales price	$	7,075
Net book value		(1,824)
Gain on sale, gross of direct costs		5,251
Direct sale costs incurred		(295)
Gain on sale, net of direct costs	$	4,956

Investments In Unconsolidated Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2021

Investments In Unconsolidated Joint Ventures [Abstract]

Summary Of The Investments In Unconsolidated Joint Ventures And Entities



		June 30,		December 31,
(Dollars in thousands)	Interest	2021		2020
Rialto Cinemas	50.0%	$	1,083	$	1,065
Mt. Gravatt	33.3%		4,029		3,960
Total investments		$	5,112	$	5,025

Summary Of Equity Earnings (Losses) From Investments In Unconsolidated Joint Ventures



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Rialto Cinemas	$	102	$	(95)	$	52	$	(109)
Mt. Gravatt		181		(179)		181		(86)
Total equity earnings	$	283	$	(274)	$	233	$	(195)

Goodwill And Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill And Intangible Assets [Abstract]

Summary Of Goodwill



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at December 31, 2020	$	22,892	$	5,224	$	28,116
Foreign currency translation adjustment		(850)		—		(850)
Balance at June 30, 2021	$	22,042	$	5,224	$	27,266

Summary Of Intangible Assets Other Than Goodwill



	As of June 30, 2021
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	12,396	$	9,058	$	5,009	$	26,463
Less: Accumulated amortization		(10,471)		(7,518)		(4,719)		(22,708)
Less: Impairments		—		—		(17)		(17)
Net intangible assets other than goodwill	$	1,925	$	1,540	$	273	$	3,738



	As of December 31, 2020
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	12,451	$	9,058	$	4,764	$	26,273
Less: Accumulated amortization		(10,375)		(7,377)		(4,533)		(22,285)
Less: Impairments		—		—		(17)		(17)
Net intangible assets other than goodwill	$	2,076	$	1,681	$	214	$	3,971

Summary Of Amortization Expense



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Beneficial lease amortization	$	29	$	25	$	59	$	50
Other amortization		105		229		270		306
Total intangible assets amortization	$	134	$	254	$	329	$	356

Prepaid And Other Assets (Tables)

6 Months Ended

Jun. 30, 2021

Prepaid And Other Assets [Abstract]

Summary Of Prepaid And Other Assets



	June 30,		December 31,
(Dollars in thousands)	2021		2020
Prepaid and other current assets
Prepaid expenses	$	2,092	$	1,946
Prepaid rent		1,024		162
Prepaid taxes		3,723		455
Income taxes receivable		1,992		5,572
Deposits		245		245
Investment in marketable securities		25		26
Restricted cash		6,713		8
Total prepaid and other current assets	$	15,814	$	8,414
Other non-current assets
Straight-line rent asset		4,913		6,050
Other non-cinema and non-rental real estate assets		1,134		1,134
Investment in Reading International Trust I		838		838
Long-term deposits		10		8
Total other non-current assets	$	6,895	$	8,030

Borrowings (Tables)

6 Months Ended

Jun. 30, 2021

Borrowings [Abstract]

Summary Of Borrowings



	As of June 30, 2021
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, ‎Net⁽¹⁾		Stated ‎Interest Rate	Effective ‎Interest ‎Rate
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	26,617	4.19%	4.19%
Bank of America Credit Facility (USA)	March 6, 2023		55,000		45,000		44,818	4.00%	4.00%
Bank of America Line of Credit (USA)	March 6, 2023		5,000		5,000		5,000	3.07%	3.07%
Cinemas 1, 2, 3 Term Loan (USA)	April 1, 2022		24,334		24,334		23,967	4.25%	4.25%
Minetta & Orpheum Theatres Loan (USA)⁽²⁾	November 1, 2023		8,000		8,000		7,928	2.14%	5.15%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,063		9,063		8,979	4.64% / 4.44%	4.61%
Purchase Money Promissory Note (USA)	September 18, 2024		2,386		2,386		2,386	5.00%	5.00%
Union Square Financing (USA)	May 6, 2024		55,000		43,000		41,750	7.00%	7.00%
Denominated in foreign currency ("FC") ⁽³⁾
NAB Corporate Term Loan (AU)	December 31, 2023		76,835		76,835		76,670	1.81%	1.81%
Westpac Bank Corporate (NZ)	December 31, 2023		11,165		11,165		11,165	2.95%	2.95%
		$	274,696	$	252,696	$	249,280

(1)Net of deferred financing costs amounting to $3.4 million.

(2)The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 5.15%.

(3)The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of June 30, 2021.



	As of December 31, 2020
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, Net⁽¹⁾		Stated ‎Interest ‎Rate	Effective Interest Rate
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	26,505	4.27%	4.27%
Bank of America Credit Facility (USA)	March 6, 2023		55,000		51,200		50,990	4.00%	4.00%
Bank of America Line of Credit (USA)	March 6, 2023		5,000		5,000		5,000	3.15%	3.15%
Cinemas 1, 2, 3 Term Loan (USA)	April 1, 2022		24,625		24,625		24,248	4.25%	4.25%
Minetta & Orpheum Theatres Loan (USA)⁽²⁾	November 1, 2023		8,000		8,000		7,914	2.20%	5.15%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,186		9,186		9,095	4.64% / 4.44%	4.64%
Union Square Financing (USA)	March 31, 2021		50,000		40,623		40,620	17.50%	17.50%
Purchase Money Promissory Note	September 18, 2024		2,883		2,883		2,883	5.00%	5.00%
Denominated in foreign currency ("FC")⁽³⁾
NAB Corporate Term Loan (AU)	December 31, 2023		94,821		92,508		92,307	1.81%	1.81%
Westpac Bank Corporate (NZ)	December 31, 2023		23,021		23,021		23,021	2.95%	2.95%
Total		$	300,449	$	284,959	$	282,583

(1)Net of deferred financing costs amounting to $2.4 million.

(2)The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 5.15%.

(3)The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2020.

Schedule Of Long-term Debt Instruments, Net Of The Deferred Financing Costs



	June 30,		December 31,
Balance Sheet Caption	2021		2020
Debt - current portion	$	2,604	$	41,459
Debt - long-term portion		219,366		213,779
Subordinated debt - current portion		693		840
Subordinated debt - long-term portion		26,617		26,505
Total borrowings	$	249,280	$	282,583

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 210
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-Paragraph 1
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 505
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 235
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-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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-Section 55
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-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2021

Other Liabilities [Abstract]

Summary Of Other Liabilities Including Pension



	June 30,		December 31,
(Dollars in thousands)	2021		2020
Current liabilities
Liability for demolition costs		2,840		2,928
Accrued pension		684		684
Security deposit payable		52		132
Finance lease liabilities		49		49
Other		33		33
Other current liabilities	$	3,658	$	3,826
Other liabilities
Lease make-good provision		7,670		7,408
Accrued pension		3,829		4,048
Deferred rent liability		2,035		2,897
Environmental reserve		1,656		1,656
Lease liability		5,900		5,900
Acquired leases		26		31
Finance lease liabilities		44		69
Other		1		8
Other non-current liabilities	$	21,161	$	22,017

Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2021

Accumulated Other Comprehensive Income [Abstract]

Summary Of Accumulated Other Comprehensive Income



(Dollars in thousands)	Foreign ‎Currency ‎Items		Unrealized ‎Gain (Losses) ‎on Available- ‎for-Sale ‎Investments		Accrued ‎Pension ‎Service Costs		Hedge ‎Accounting ‎Reserve		Total
Balance at January 1, 2021	$	14,966	$	(12)	$	(2,135)	$	(317)	$	12,502

Change related to derivatives
Total change in hedge fair value recorded in Other Comprehensive Income		—		—		—		1		1
Amounts reclassified from accumulated other comprehensive income		—		—		—		115		115
Net change related to derivatives		—		—		—		116		116

Net current-period other comprehensive income (loss)		(4,356)		(1)		104		116		(4,137)
Balance at June 30, 2021	$	10,610	$	(13)	$	(2,031)	$	(201)	$	8,365

Non-controlling Interests (Tables)

6 Months Ended

Jun. 30, 2021

Non-controlling Interests [Abstract]

Components Of Non-controlling Interests



	June 30,		December 31,
(Dollars in thousands)	2021		2020
Australian Country Cinemas, Pty Ltd	$	(9)	$	(51)
Shadow View Land and Farming, LLC		(3)		2,131
Sutton Hill Properties, LLC		1,110		1,324
Noncontrolling interests in consolidated subsidiaries	$	1,098	$	3,404

Components Of Income Attributable To Non-controlling Interest



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Australian Country Cinemas, Pty Ltd	$	(17)	$	(45)	$	41	$	(46)
Shadow View Land and Farming, LLC		14		(22)		3,166		(43)
Sutton Hill Properties, LLC		(105)		(118)		(213)		(177)
Net income (loss) attributable to noncontrolling interests	$	(108)	$	(185)	$	2,994	$	(266)

Summary Of Changes In Controlling And Non-controlling Stockholders’ Equity


	Common Shares								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, 2021	20,069	$	231	1,680	$	17	$	149,979	$	(44,553)	$	(40,407)	$	12,502	$	77,769	$	3,404	$	81,173
Net income (loss)	—		—	—		—		—		18,965		—		—		18,965		3,102		22,067
Other comprehensive income, net	—		—	—		—		—		—		—		(2,545)		(2,545)		—		(2,545)
Share-based compensation expense	—		—	—		—		464		—		—		—		464		—		464
Restricted Stock Units	52		1	—		—		(111)		—		—		—		(110)		—		(110)
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		(5,300)		(5,300)
At March 31, 2021	20,121	$	232	1,680	$	17	$	150,332	$	(25,588)	$	(40,407)	$	9,957	$	94,543	$	1,206	$	95,749
Net income	—		—	—		—		—		22,702		—		—		22,702		(108)		22,594
Other comprehensive income, net	—		—	—		—		—		—		—		(1,592)		(1,592)		—		(1,592)
Share-based compensation expense	—		—	—		—		450		—		—		—		450		—		450
Restricted Stock Units	4		—	—		—		(2)		—		—		—		(2)		—		(2)
At June 30, 2021	20,125	$	232	1,680	$	17	$	150,780	$	(2,886)	$	(40,407)	$	8,365	$	116,101	$	1,098	$	117,199


	Common Shares								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, 2020	20,103	$	231	1,680	$	17	$	148,602	$	20,647	$	(39,737)	$	5,589	$	135,349	$	4,267	$	139,616
Net income (loss)	—		—	—		—		—		(5,875)		—		—		(5,875)		(80)		(5,955)
Other comprehensive income, net	—		—	—		—		—		—		—		(15,879)		(15,879)		(18)		(15,897)
Share-based compensation expense	—		—	—		—		336		—		—		—		336		—		336
Share repurchase plan	(75)		—	—		—		—		—		(670)		—		(671)		—		(671)
Restricted Stock Units	19		—	—		—		(30)		—		—		—		(30)		—		(30)
At March 31, 2020	20,047	$	231	1,680	$	17	$	148,908	$	14,772	$	(40,407)	$	(10,290)	$	113,231	$	4,169	$	117,400
Net income	—		—	—		—		—		(22,702)		—		—		(22,702)		(185)		(22,887)
Other comprehensive income, net	—		—	—		—		—		—		—		10,707		10,707		9		10,716
Share-based compensation expense	—		—	—		—		369		—		—		—		369		—		369
Restricted Stock Units	21			—		—		(11)		—		—		—		(11)		—		(11)
At June 30, 2020	20,068		231	1,680		17		149,266		(7,930)		(40,407)		417		101,594		3,993		105,587

‎

Stock-Based Compensation And Stock Repurchases (Tables)

6 Months Ended

Jun. 30, 2021

Stock-Based Compensation And Stock Repurchases [Abstract]

Summary Of Stock Options Outstanding And Exercisable



	Outstanding Stock Options - Class A Shares
	Number ‎of Options	Weighted ‎Average ‎Exercise Price		Weighted ‎Average ‎Remaining ‎Years of ‎Contractual ‎Life	Aggregate ‎Intrinsic ‎Value
	Class A	Class A		Class A	Class A
Balance - December 31, 2019	711,377	$	14.74	2.79	$	136,350
Granted	38,803		4.66	—		—
Exercised	—		—	—		—
Forfeited	(36,701)		14.74	—		—
Balance - December 31, 2020	713,479	$	14.64	2.18	$	13,969
Granted	—		—	—		—
Exercised	(38,803)		—	—		—
Forfeited	(157,332)		11.87	—		—
Balance - June 30, 2021	517,344	$	15.20	1.87	$	23,750

Schedule Of Restricted Stock Units Issued And Vested



	Outstanding Restricted Stock Units
	RSU Grants (in units)			Vested,	Unvested,	Forfeited,
Grant Date	Directors	Management	Total ‎Grants	June 30, ‎2021	June 30, ‎2021	June 30, ‎2021
March 10, 2016	35,147	27,381	62,528	62,264	—	264
April 11, 2016	—	5,625	5,625	5,108	—	517
March 23, 2017	30,681	32,463	63,144	62,612	—	532
August 29, 2017	—	7,394	7,394	7,394	—	—
January 2, 2018	29,393	—	29,393	29,393	—	—
April 12, 2018	—	29,596	29,596	21,085	6,540	1,971
April 13, 2018	—	14,669	14,669	11,003	3,666	—
July 6, 2018	—	932	932	—	—	932
November 7, 2018	23,010	—	23,010	23,010	—	—
March 13, 2019	—	24,366	24,366	10,632	10,630	3,104
March 14, 2019	—	23,327	23,327	11,664	11,663	—
May 7, 2019	11,565	—	11,565	11,565	—	—
March 10, 2020	—	287,163	287,163	48,416	237,929	818
December 14, 2020	—	43,260	43,260	—	42,716	544
December 16, 2020	60,084	11,459	71,543	—	71,543	—
April 5, 2021	—	262,830	262,830	—	262,830	—
April 19, 2021	—	22,888	22,888	—	22,888	—

Total	189,880	793,353	983,233	304,146	670,405	8,682

Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Components Of Lease Expense


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	12		24	$	25	$	64
Interest on lease liabilities		1		2		3		5
Operating lease cost		8,516		8,079		16,780		16,099
Variable lease cost		(1,593)		(833)		(2,744)		(652)
Total lease cost	$	6,937	$	7,272	$	14,064	$	15,516

Supplemental Cash Flow Information Related To Leases


	Six Months Ended
	June 30,
(Dollars in thousands)	2021		2020
Cash flows relating to lease cost
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	27	$	68
Operating cash flows for operating leases		7,621		8,436
Right-of-use assets obtained in exchange for new operating lease liabilities		22,178		179

Supplemental Balance Sheet Information Related To Leases


	June 30,		December 31,
(Dollars in thousands)	2021		2020
Operating leases
Operating lease right-of-use assets	$	228,156	$	220,503
Operating lease liabilities - current portion		23,753		22,699
Operating lease liabilities - non-current portion		220,426		212,806
Total operating lease liabilities	$	244,179	$	235,505
Finance leases
Property plant and equipment, gross		378		383
Accumulated depreciation		(291)		(271)
Property plant and equipment, net	$	87	$	112
Other current liabilities		49		49
Other long-term liabilities		44		69
Total finance lease liabilities	$	93	$	118

Other information
Weighted-average remaining lease term - finance leases		2		3
Weighted-average remaining lease term - operating leases		11		11
Weighted-average discount rate - finance leases		5.26%		5.27%
Weighted-average discount rate - operating leases		4.62%		4.71%

Maturity Of Leases As Lessee


(Dollars in thousands)	Operating ‎leases		Finance ‎leases
2021	$	17,233	$	27
2022		34,669		43
2023		34,017		28
2024		32,157		—
2025		29,949		—
Thereafter		169,450		—
Total lease payments	$	317,475	$	98
Less imputed interest		(73,296)		(5)
Total	$	244,179	$	93

Components Of Lease Income


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Components of lease income
Lease payments	$	2,681		2,245	$	5,382	$	4,566
Variable lease payments		197		(364)		366		(201)
Total lease income	$	2,878	$	1,881	$	5,748	$	4,365

Book Value Of Assets Under Operating Leases From Owned Assets


	June 30,		December 31,
(Dollars in thousands)	2021		2020
Building and improvements
Gross balance	$	138,704	$	153,643
Accumulated depreciation		(22,441)		(26,107)
Net Book Value	$	116,263	$	127,536

Maturity Of Leases As Lessor

		jj
(Dollars in thousands)	Operating ‎leases
2021	$	3,777
2022		6,965
2023		6,540
2024		5,647
2025		4,609
Thereafter		4,824
Total	$	32,362

Hedge Accounting (Tables)

6 Months Ended

Jun. 30, 2021

Hedge Accounting [Abstract]

Schedule Of Derivative Instruments On The Balance Sheet At Fair Value


	Liability Derivatives
	June 30,			December 31,
	2021			2020
(Dollars in thousands)	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate contracts	Derivative financial instruments - current portion	$	219	Derivative financial instruments - current portion	$	218
	Derivative financial instruments - non-current portion		96	Derivative financial instruments - non-current portion		212
Total derivatives designated as hedging instruments		$	315		$	430
Total derivatives		$	315		$	430

Schedule Of Changes in Fair value


(Dollars in thousands)	Location of Loss Recognized in Income on Derivatives					Amount of Loss Recognized in Income on Derivatives
		Quarter Ended June 30, 2021				Six Months Ended June 30
			2021		2020		2021		2020
Interest rate contracts	Interest expense	$	55		52	$	115	$	80
Total		$	55	$	52	$	115	$	80

Summary Of Hedged Transactions That Affect Earnings


					Loss Recognized in OCI on Derivatives (Effective Portion)
(Dollars in thousands)	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2021		2020		2021		2020
Interest rate contracts	$	61	$	52	$	(1)	$	285
Total	$	61	$	52	$	(1)	$	285

					Loss Reclassified from OCI into Income (Effective Portion)
Line Item	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2021		2020		2021		2020
Interest expense	$	61	$	52	$	115	$	80
Total	$	61	$	52	$	115	$	80

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Measurements [Abstract]

Schedule Of Fair Value Carried At Cost And Measured On A Nonrecurring Basis



			Fair Value Measurement at June 30, 2021
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	222,397	$	—	$	—	$	227,520	$	227,520
Subordinated debt		30,299		—		—		20,319		20,319
	$	252,696	$	—	$	—	$	247,839	$	247,839



			Fair Value Measurement at December 31, 2020
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	254,163	$	—	$	—	$	258,525	$	258,525
Subordinated debt		30,796		—		—		20,423		20,423
	$	284,959	$	—	$	—	$	278,948	$	278,948

(1)These balances are presented before any deduction for deferred financing costs.

Description Of Business And Segment Reporting (Narrative) (Details)	Jun. 30, 2021 a
Description Of Business And Segment Reporting [Abstract]
Area of Land	2.6

Description Of Business And Segment Reporting (Summary Of Results Of Operations For Principal Business Segments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 36,033	$ 3,422	$ 57,339	$ 52,650
Segment operating income (loss)	(12,532)	(22,195)	(26,510)	(29,235)
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	36,033	3,422	57,339	52,650
Segment operating income (loss)	(8,399)	(18,061)	(18,044)	(20,528)
Intersegment Eliminations [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	(130)	(98)	(261)	(1,782)
Cinema Exhibition [Member] \| Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	32,715	1,217	50,829	47,527
Segment operating income (loss)	(7,345)	(17,254)	(15,621)	(19,908)
Real Estate [Member] \| Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	3,448	2,303	6,771	6,905
Segment operating income (loss)	$ (1,054)	$ (807)	$ (2,423)	$ (620)

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

+ Details

Description Of Business And Segment Reporting (Reconciliation To Net Income Attributable To Common Shareholders) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Segment operating income (loss)	$ (12,532)	$ (22,195)	$ (26,510)	$ (29,235)
Depreciation and amortization expense	(5,801)	(5,266)	(11,451)	(10,537)
General and administrative expense	(8,834)	(5,102)	(13,931)	(11,047)
Equity earnings of unconsolidated joint ventures	283	(274)	233	(195)
Gain (loss) on sale of assets	43,241		89,786
Other income (expense)	154	19	1,795	(196)
Income (loss) before income taxes	28,141	(24,454)	57,936	(33,423)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Segment operating income (loss)	(8,399)	(18,061)	(18,044)	(20,528)
Unallocated Corporate Expense [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expense	(387)	(227)	(618)	(419)
General and administrative expense	(3,746)	(3,907)	(7,848)	(8,288)
Interest expense, net	$ (3,005)	$ (2,004)	$ (7,368)	$ (3,797)

Summary Of Significant Accounting Policies (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021 AUD ($)	Jun. 30, 2021 AUD ($)	Jun. 30, 2021 USD ($)
Description Of Business And Segment Reporting [Abstract]
Subsidies received	$ 701,000	$ 3,500,000	$ 2.3

Impact of COVID-19 Pandemic And Liquidity (Narrative) (Details)
$ in Thousands, $ in Millions, $ in Millions

3 Months Ended

6 Months Ended

7 Months Ended

12 Months Ended

Jul. 01, 2021

item

May 07, 2021

NZD ($)

Mar. 06, 2020

USD ($)

Jun. 30, 2021

NZD ($)

item

Jun. 30, 2021

AUD ($)

Jun. 30, 2021

USD ($)

Jun. 30, 2021

USD ($)

item

Jun. 30, 2020

USD ($)

Jul. 31, 2021

item

Dec. 31, 2020

USD ($)

Jun. 30, 2021

USD ($)

item

Impact Of Covid [Line Items]

Contractual Facility

$ 274,696

$ 300,449

Impairment of long-lived assets

217

Proceeds from sale of assets

141,363

Repayment of long-term borrowings

75,257

$ 22,311

Shadow View Land And Farming, LLC [Member]

Impact Of Covid [Line Items]

Ownership percentage by noncontrolling interest

50.00%

Bank Of America Credit Facility [Member]

Impact Of Covid [Line Items]

Contractual Facility

$ 55,000

55,000

44 Union Square [Member]

Impact Of Covid [Line Items]

Proceeds from debt

43,000

Westpac Bank Corporate Credit Facility [Member]

Impact Of Covid [Line Items]

Contractual Facility

11,165

^[1]

$ 23,021

^[2]

Repayment of notes payable

$ 16.0

$ 11,200

Book value

$ 32.0

$ 22,400

Repayment of long-term borrowings

$ 16.0

NAB Corporate Loan Facility [Member]

Impact Of Covid [Line Items]

Repayment of notes payable

$ 20.5

15,800

Book value

$ 76,800

Manukau, New Zealand And Coachella, California [Member]

Impact Of Covid [Line Items]

Proceeds from sale of assets

$ 179,100

Manukau, New Zealand And Coachella, California [Member] | Shadow View Land And Farming, LLC [Member]

Impact Of Covid [Line Items]

Proceeds from sale of assets

$ 136,100

Ownership percentage by noncontrolling interest

50.00%

COVID-19 [Member]

Impact Of Covid [Line Items]

Number of cinemas re-opened | item

Number of cinemas | item

COVID-19 [Member] | Australia [Member]

Impact Of Covid [Line Items]

Number of cinemas closed | item

COVID-19 [Member] | United States [Member]

Impact Of Covid [Line Items]

Number of cinemas re-opened | item

Number of cinemas | item

[1]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of June 30, 2021.
[2]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2020.

Operations In Foreign Currency (Summary Of Currency Exchange Rates) (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Australian Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.7496	0.6893	0.7496	0.6893	0.7709
Australian Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.7702	0.6576	0.7716	0.6577	0.6904
New Zealand Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6978	0.6446	0.6978	0.6446	0.7194
New Zealand Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.7153	0.6183	0.7173	0.6266	0.6504

Earnings Per Share (Narrative) (Details)	6 Months Ended
Earnings Per Share (Narrative) (Details)	Jun. 30, 2021 shares
Class A [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares repurchased plan, shares	0

Earnings Per Share (Computation Of Basic And Diluted Earnings (Loss) Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net income (loss) attributable to RDI common stockholders	$ 22,702	$ (22,702)	$ 41,667	$ (28,577)
Weighted average number of common stock – basic	21,808,556	21,742,667	21,784,700	21,749,356
Weighted average dilutive impact of awards	671,612		672,219
Weighted average number of common stock – diluted	22,480,168	21,742,667	22,456,919	21,749,356
Basic earnings (loss) per share attributable to RDI common stockholders	$ 1.04	$ (1.04)	$ 1.91	$ (1.31)
Diluted earnings (loss) per share attributable to RDI common stockholders	$ 1.01	$ (1.04)	$ 1.86	$ (1.31)
Awards excluded from diluted earnings (loss) per share	492,344	678,377	492,344	703,377

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Property And Equipment (Narrative) (Details) $ in Millions, $ in Millions							1 Months Ended		3 Months Ended		6 Months Ended
	Jun. 30, 2021 USD ($)	Jun. 09, 2021 AUD ($)	Jun. 09, 2021 USD ($)	Mar. 05, 2021 USD ($)	Mar. 04, 2021 NZD ($)	Mar. 04, 2021 USD ($)	Feb. 28, 2021 USD ($)	Jan. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jan. 31, 2021 AUD ($) a	Jan. 31, 2021 USD ($) a	Dec. 31, 2020 USD ($)	Aug. 28, 2019 USD ($)
Property, Plant and Equipment [Line Items]
Depreciation expense for operating property									$ 5,900,000	$ 5,000,000.0	$ 11,300,000	$ 10,200,000
Proceeds from sale of assets											141,363,000
Village East Cinema, Manhattan [Member]
Property, Plant and Equipment [Line Items]
Sale price																$ 5,900,000
Lease term																13 years
Coachella, CA [Member] \| Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Property, Plant and Equipment [Line Items]
Total consideration				$ 11,000,000.0
Book value	$ 4,351,000								4,351,000		4,351,000				$ 4,400,000
Sale price	11,000,000								11,000,000		11,000,000
Coachella, CA [Member] \| Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| Shadow View Land And Farming, LLC [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage by parent				50.00%
Percent of sale proceeds				50.00%
Manukau, NZ [Member] \| Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Property, Plant and Equipment [Line Items]
Total consideration					$ 77.2	$ 56,100,000
Book value	13,618,000								13,618,000		13,618,000				$ 13,600,000
Sale price	56,058,000								56,058,000		56,058,000
Proceeds from sale of assets					$ 1.0
New South Wales [Member] \| Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Property, Plant and Equipment [Line Items]
Total consideration		$ 90.0	$ 69,600,000
Book value	30,231,000								30,231,000		30,231,000
Sale price	69,579,000								69,579,000		69,579,000
Chicago [Member] \| Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Property, Plant and Equipment [Line Items]
Area of property \| a													2.6	2.6
Book value	1,824,000						$ 1,800,000		1,824,000		1,824,000		$ 39.1	$ 30,200,000
Sale price	7,075,000								$ 7,075,000		$ 7,075,000
Impairment expense							$ 0	$ 0
Proceeds from sale of assets	$ 6,800,000

Property And Equipment (Schedule Of Property And Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property And Equipment [Abstract]
Land	$ 70,603	$ 82,286
Building and improvements	225,600	253,419
Leasehold improvements	58,800	59,054
Fixtures and equipment	196,757	201,518
Construction-in-progress	8,025	9,285
Total cost	559,785	605,562
Less: accumulated depreciation	(243,040)	(252,437)
Operating property, net	$ 316,745	$ 353,125

Property And Equipment (Summary Of Investment And Development Property) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Investment and development property	$ 9,713	$ 11,570
Land [Member]
Property, Plant and Equipment [Line Items]
Investment and development property	4,244	5,936
Construction-In-Progress (Including Capitalized Interest) [Member]
Property, Plant and Equipment [Line Items]
Investment and development property	$ 5,469	$ 5,634

Property And Equipment (Construction-In-Progress Balance) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Balance	$ 9,285
Balance	8,025
Operating And Investing Properties [Member]
Property, Plant and Equipment [Line Items]
Balance	14,919
Additions during the period	3,814
Completed during the period	(4,876)
Transferred to Held for Sale	(121)
Foreign currency translation	(242)
Balance	13,494
Operating And Investing Properties [Member] \| Courtenay Central Development [Member]
Property, Plant and Equipment [Line Items]
Balance	7,255
Additions during the period	4
Foreign currency translation	(218)
Balance	7,041
Operating And Investing Properties [Member] \| Cinema Developments And Improvements [Member]
Property, Plant and Equipment [Line Items]
Balance	6,357
Additions during the period	3,157
Completed during the period	(3,886)
Foreign currency translation	(10)
Balance	5,618
Operating And Investing Properties [Member] \| Other Real Estate Projects [Member]
Property, Plant and Equipment [Line Items]
Balance	1,307
Additions during the period	653
Completed during the period	(990)
Transferred to Held for Sale	(121)
Foreign currency translation	(14)
Balance	$ 835

Property And Equipment (Gain On Sale Of Property) (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] $ in Thousands, $ in Millions	Jun. 30, 2021 USD ($)	Feb. 28, 2021 USD ($)	Jan. 31, 2021 AUD ($)	Jan. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Coachella, CA [Member]
Real Estate Properties [Line Items]
Sale price	$ 11,000
Net book value	(4,351)				$ (4,400)
Gain on sale, gross of direct costs	6,649
Direct costs incurred	(301)
Gain on sale, net of direct costs	6,348
Manukau, NZ [Member]
Real Estate Properties [Line Items]
Sale price	56,058
Net book value	(13,618)				$ (13,600)
Gain on sale, gross of direct costs	42,440
Direct costs incurred	(1,514)
Gain on sale, net of direct costs	40,926
New South Wales [Member]
Real Estate Properties [Line Items]
Sale price	69,579
Net book value	(30,231)
Gain on sale, gross of direct costs	39,348
Direct costs incurred	(622)
Gain on sale, net of direct costs	38,726
Chicago [Member]
Real Estate Properties [Line Items]
Sale price	7,075
Net book value	(1,824)	$ (1,800)	$ (39.1)	$ (30,200)
Gain on sale, gross of direct costs	5,251
Direct costs incurred	(295)
Gain on sale, net of direct costs	$ 4,956

Investments In Unconsolidated Joint Ventures (Narrative) (Details) - item	Jun. 30, 2021	Dec. 31, 2020
Investments In Unconsolidated Joint Ventures [Abstract]
Number of joint venture investments	2	2

Investments In Unconsolidated Joint Ventures (Summary Of The Investments In Unconsolidated Joint Ventures And Entities) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Total Joint Ventures	$ 5,112	$ 5,025
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Interest	33.30%
Total Joint Ventures	$ 4,029	3,960
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Interest	50.00%
Total Joint Ventures	$ 1,083	$ 1,065

Investments In Unconsolidated Joint Ventures (Summary Of Equity Earnings (Losses) From Investments In Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of Equity Method Investments [Line Items]
Total equity earnings	$ 283	$ (274)	$ 233	$ (195)
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Total equity earnings	181	(179)	181	(86)
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Total equity earnings	$ 102	$ (95)	$ 52	$ (109)

Goodwill And Intangible Assets (Narrative) (Details)	6 Months Ended
Goodwill And Intangible Assets (Narrative) (Details)	Jun. 30, 2021
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	30 years
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	30 years

Goodwill And Intangible Assets (Summary Of Goodwill) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021 USD ($)
Goodwill [Line Items]
Beginning balance	$ 28,116
Foreign currency translation adjustment	(850)
Ending balance	27,266
Cinema [Member]
Goodwill [Line Items]
Beginning balance	22,892
Foreign currency translation adjustment	(850)
Ending balance	22,042
Real Estate [Member]
Goodwill [Line Items]
Beginning balance	5,224
Ending balance	$ 5,224

Goodwill And Intangible Assets (Summary Of Intangible Assets Other Than Goodwill) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 26,463	$ 26,273
Less: accumulated amortization	(22,708)	(22,285)
Less: impairment charges	(17)	(17)
Net intangible assets other than goodwill	3,738	3,971
Beneficial Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	12,396	12,451
Less: accumulated amortization	(10,471)	(10,375)
Net intangible assets other than goodwill	1,925	2,076
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	9,058	9,058
Less: accumulated amortization	(7,518)	(7,377)
Net intangible assets other than goodwill	1,540	1,681
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	5,009	4,764
Less: accumulated amortization	(4,719)	(4,533)
Less: impairment charges	(17)	(17)
Net intangible assets other than goodwill	$ 273	$ 214

Goodwill And Intangible Assets (Summary Of Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	$ 134	$ 254	$ 329	$ 356
Beneficial Lease Amortization [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	29	25	59	50
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	$ 105	$ 229	$ 270	$ 306

Prepaid And Other Assets (Summary Of Prepaid And Other Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Prepaid And Other Assets [Abstract]
Prepaid expenses	$ 2,092	$ 1,946
Prepaid rent	1,024	162
Prepaid taxes	3,723	455
Income taxes receivable	1,992	5,572
Deposits	245	245
Investment in marketable securities	25	26
Restricted cash	6,713	8
Total prepaid and other current assets	15,814	8,414
Straight-line asset	4,913	6,050
Other non-cinema and non-rental real estate assets	1,134	1,134
Investment in Reading International Trust I	838	838
Long-term deposits	10	8
Total other non-current assets	$ 6,895	$ 8,030

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Taxes [Abstract]
Effective tax rate			22.90%	13.70%
Income tax benefit (expense)	$ 5,547	$ (1,567)	$ 13,275	$ (4,580)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	9.70%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Debt (Union Square Theatre Term Loan) (Narrative) (Details)	6 Months Ended
	Jun. 30, 2021
US Union Square Term Loan - Sun Life [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	7.00%

Borrowings (Bank Of America Credit Facility) (Narrative) (Details) - USD ($) $ in Thousands			6 Months Ended	12 Months Ended
	Aug. 07, 2020	Mar. 06, 2020	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Contractual facility			$ 274,696	$ 300,449
Bank Of America Credit Facility [Member]
Debt Instrument [Line Items]
Contractual facility		$ 55,000	$ 55,000	$ 55,000
Maturity date		Mar. 06, 2023	Mar. 06, 2023	Mar. 06, 2023
Bank Of America Credit Facility [Member] \| Eurodollar [Member]
Debt Instrument [Line Items]
Spread over LIBOR	3.00%
Bank Of America Credit Facility [Member] \| Floor Rate [Member]
Debt Instrument [Line Items]
Spread over LIBOR	1.00%
Minimum [Member] \| Bank Of America Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate		2.50%
Maximum [Member] \| Bank Of America Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate		3.00%

Borrowings (Bank Of America Line Of Credit) (Narrative) (Details) - USD ($) $ in Thousands			6 Months Ended	12 Months Ended
	Aug. 07, 2020	Mar. 06, 2020	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Contractual facility			$ 274,696	$ 300,449
Bank Of America Line Of Credit [Member]
Debt Instrument [Line Items]
Maturity date		Mar. 06, 2023	Mar. 06, 2023	Mar. 06, 2023
Contractual facility		$ 5,000	$ 5,000	$ 5,000
Spread over LIBOR	1.00%

Borrowings (Minetta And Orpheum Theatres Loan) (Narrative) (Details) - USD ($)
$ in Thousands

6 Months Ended

12 Months Ended

Oct. 12, 2018

Jun. 30, 2021

Dec. 31, 2020

Debt Instrument [Line Items]

Loan amount

$ 274,696

$ 300,449

Minetta And Orpheum Theatres Loan [Member]

Debt Instrument [Line Items]

Loan amount

$ 7,500

$ 8,000

^[1]

$ 8,000

^[1]

Minetta And Orpheum Theatres Loan [Member] | Santander Bank [Member]

Debt Instrument [Line Items]

Loan amount

$ 8,000

Debt instrument term

5 years

[1]	The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 5.15%.

Borrowings (U.S. Corporate Office Term Loan) (Narrative) (Details) - USD ($) $ in Thousands			6 Months Ended	12 Months Ended
	Jun. 26, 2017	Dec. 13, 2016	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Contractual facility			$ 274,696	$ 300,449
U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument term		10 years
Contractual facility		$ 8,400	$ 9,063	$ 9,186
Interest rate	4.44%	4.64%
Debt increase	$ 1,500

Borrowings (Cinema 1, 2, 3 Term Loan) (Narrative) (Details) $ in Thousands			6 Months Ended	12 Months Ended
	Mar. 13, 2020 USD ($)	Mar. 12, 2020 USD ($)	Jun. 30, 2021 USD ($) item	Dec. 31, 2020 USD ($)
Debt Instrument [Line Items]
Contractual facility			$ 274,696	$ 300,449
Sutton Hill Properties, LLC [Member]
Debt Instrument [Line Items]
Ownership percentage by parent			75.00%
US Cinema 1, 2, 3 Term Loan [Member]
Debt Instrument [Line Items]
Contractual facility	$ 25,000	$ 20,000	$ 24,334	$ 24,625
Interest rate	4.25%
Number of extension options \| item			2
Extension period			6 months
Maturity date	Apr. 01, 2022		Apr. 01, 2022	Apr. 01, 2022

Borrowings (Union Square Construction Financing) (Narrative) (Details)		6 Months Ended		12 Months Ended
	Aug. 08, 2019 USD ($)	Jun. 30, 2021 USD ($) item	Jun. 30, 2020 USD ($)	Dec. 31, 2020 USD ($)	Dec. 29, 2016 USD ($)
Debt Instrument [Line Items]
(Increase) decrease in prepaid and other assets		$ 2,017,000	$ 5,773,000
Contractual facility		$ 274,696,000		$ 300,449,000
Union Square Construction Financing [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 57,500,000
Interest rate		17.50%
Contractual facility				$ 50,000,000
Maturity date				Mar. 31, 2021
Union Square Construction Financing [Member] \| Mezzanine Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount					7,500,000
Proceeds from (Repayments of) Long-term Debt and Capital Securities	$ (7,500,000)
Union Square Construction Financing [Member] \| Non-Mezzanine Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 50,000,000.0
Number of extension options exercised \| item		2
Extension period		1 year
Union Square Construction Financing [Member] \| Emerald Creek Capital [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 55,000,000.0
Payment schedule		1 year
Number of extension options \| item		2
Extension period		12 months
Line of credit facility, term		3 years
Floor Rate [Member] \| Union Square Construction Financing [Member] \| Emerald Creek Capital [Member]
Debt Instrument [Line Items]
Interest rate		7.00%
London Interbank Offered Rate (LIBOR) [Member] \| Union Square Construction Financing [Member] \| Emerald Creek Capital [Member]
Debt Instrument [Line Items]
Interest rate		6.90%

Borrowings (Purchase Money Promissory Note) (Narrative) (Details) - USD ($) $ in Millions		6 Months Ended	12 Months Ended
	Sep. 18, 2019	Jun. 30, 2021	Dec. 31, 2020
Purchase Money Promissory Note [Member]
Debt Instrument [Line Items]
Maturity date	Sep. 18, 2024	Sep. 18, 2024	Sep. 18, 2024
Interest rate	5.00%
Payment to repurchase shares	$ 3.5
Class A [Member]
Debt Instrument [Line Items]
Shares repurchased plan, shares		0
Class A [Member] \| Purchase Money Promissory Note [Member]
Debt Instrument [Line Items]
Shares repurchased plan, shares	407,000
Payment to repurchase shares	$ 5.5

Borrowings (Westpac Bank Corporate Credit Facility (NZ)) (Narrative) (Details)
$ in Thousands, $ in Millions

6 Months Ended

12 Months Ended

May 07, 2021

NZD ($)

Dec. 20, 2018

NZD ($)

Dec. 19, 2018

NZD ($)

Jun. 30, 2021

USD ($)

Jun. 30, 2020

USD ($)

Dec. 31, 2020

USD ($)

Jul. 27, 2020

Debt Instrument [Line Items]

Contractual facility

$ 274,696

$ 300,449

Repayment of long-term borrowings

75,257

$ 22,311

Westpac Bank Corporate Credit Facility [Member]

Debt Instrument [Line Items]

Contractual facility

$ 11,165

^[1]

$ 23,021

^[2]

Maturity date

Dec. 31, 2023

^[1]

Dec. 31, 2023

^[2]

Interest rate

1.10%

1.65%

Repayment of long-term borrowings

$ 16.0

Westpac Bank Corporate Credit Facility [Member] | Bank Bill Swap Bid Rate [Member]

Debt Instrument [Line Items]

Interest rate

2.40%

Westpac Bank Corporate Credit Facility, Tranche 1 [Member]

Debt Instrument [Line Items]

Contractual facility

$ 32.0

$ 35.0

Westpac Bank Corporate Credit Facility, Tranche 1 [Member] | Bank Bill Swap Bid Rate [Member]

Debt Instrument [Line Items]

Interest rate

1.75%

Westpac Bank Corporate Credit Facility, Tranche 2 [Member]

Debt Instrument [Line Items]

Contractual facility

$ 18.0

[1]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of June 30, 2021.
[2]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2020.

Borrowings (Australian NAB Corporate Term Loan (AU)) (Narrative) (Details) - AUD ($)					6 Months Ended
	Jun. 09, 2021	Dec. 29, 2020	Aug. 06, 2020	Mar. 15, 2019	Jun. 30, 2021
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Repayment of debt	$ 20,000,000.0
NAB Australian Corporate Term Loan And Revolver [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 123,000,000.0
Remaining credit after Jindalee has been repaid		120,000,000.0
Australian NAB Corporate Loan Facility Tier 1 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 66,500,000
Spread on variable interest rate				0.95%
Maturity date					Jun. 30, 2019
Australian NAB Corporate Loan Facility Tier 2 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 5,000,000.0
Spread on variable interest rate				1.90%
Australian NAB Corporate Loan Facility Tier 3 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 120,000,000.0
Maturity date					Dec. 31, 2023
Australian NAB Corporate Loan Facility Tier 3 [Member] \| Bank Guarantee Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 5,000,000.0
Spread on variable interest rate				1.85%
Australian NAB Corporate Loan Facility Tier 3 [Member] \| Core Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 40,000,000.0
Australian NAB Corporate Loan Facility Tier 3 [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 80,000,000.0
NAB Australian Corporate Term Loan And Revolver Tier 1, 2, 3 [Member]
Debt Instrument [Line Items]
Spread on variable interest rate			1.75%
Increased amount of credit line		43,000,000.0
Jindalee, Queensland [Member] \| NAB Australian Corporate Term Loan And Revolver Tier 1, 2, 3 [Member]
Debt Instrument [Line Items]
Semi-Annual principal payment					$ 500,000
Increased amount of credit line		$ 3,000,000.0
Minimum [Member] \| Australian NAB Corporate Loan Facility Tier 3 [Member]
Debt Instrument [Line Items]
Spread on variable interest rate				0.85%
Maximum [Member] \| Australian NAB Corporate Loan Facility Tier 3 [Member]
Debt Instrument [Line Items]
Spread on variable interest rate				1.30%

Borrowings (Summary Of Borrowings) (Details) - USD ($)
$ in Thousands

6 Months Ended

12 Months Ended

Mar. 13, 2020

Mar. 12, 2020

Mar. 06, 2020

Sep. 18, 2019

Oct. 12, 2018

Dec. 13, 2016

Jun. 30, 2021

Dec. 31, 2020

Debt Instrument [Line Items]

Contractual Facility

$ 274,696

$ 300,449

Balance Gross

252,696

284,959

Balance Net

249,280

^[1]

282,583

^[2]

Deferred financing costs, net

$ 3,400

$ 2,400

Trust Preferred Securities [Member]

Debt Instrument [Line Items]

Apr. 30, 2027

$ 27,913

27,913

$ 26,617

^[1]

$ 26,505

^[2]

Stated Interest Rate

4.19%

4.27%

Effective Interest Rate

4.19%

4.27%

Bank Of America Credit Facility [Member]

Debt Instrument [Line Items]

Maturity Date

Mar. 06, 2023

Contractual Facility

$ 55,000

Balance Gross

45,000

51,200

Balance Net

$ 44,818

^[1]

$ 50,990

^[2]

Stated Interest Rate

4.00%

Effective Interest Rate

4.00%

Bank Of America Line Of Credit [Member]

Debt Instrument [Line Items]

Mar. 06, 2023

$ 5,000

5,000

$ 5,000

^[1]

$ 5,000

^[2]

Stated Interest Rate

3.07%

3.15%

Effective Interest Rate

3.07%

3.15%

US Cinema 1, 2, 3 Term Loan [Member]

Debt Instrument [Line Items]

Maturity Date

Apr. 01, 2022

Contractual Facility

$ 25,000

$ 20,000

$ 24,334

$ 24,625

Balance Gross

24,334

24,625

Balance Net

$ 23,967

^[1]

$ 24,248

^[2]

Stated Interest Rate

4.25%

Effective Interest Rate

4.25%

Minetta And Orpheum Theatres Loan [Member]

Debt Instrument [Line Items]

Maturity Date

^[3]

Nov. 01, 2023

Contractual Facility

$ 7,500

$ 8,000

^[3]

$ 8,000

^[3]

Balance Gross

^[3]

8,000

Balance Net

^[3]

$ 7,928

^[1]

$ 7,914

^[2]

Stated Interest Rate

^[3]

2.14%

2.20%

Effective Interest Rate

^[3]

5.15%

U.S. Corporate Office Term Loan [Member]

Debt Instrument [Line Items]

Maturity Date

Jan. 01, 2027

Contractual Facility

$ 8,400

$ 9,063

$ 9,186

Balance Gross

9,063

9,186

Balance Net

$ 8,979

^[1]

$ 9,095

^[2]

Effective Interest Rate

4.61%

4.64%

Union Square Construction Financing [Member]

Debt Instrument [Line Items]

Mar. 31, 2021

$ 50,000

40,623

^[2]

$ 40,620

Stated Interest Rate

17.50%

Effective Interest Rate

17.50%

Purchase Money Promissory Note [Member]

Debt Instrument [Line Items]

Maturity Date

Sep. 18, 2024

Contractual Facility

$ 2,386

$ 2,883

Balance Gross

2,386

2,883

Balance Net

$ 2,386

^[1]

$ 2,883

^[2]

Stated Interest Rate

5.00%

Effective Interest Rate

5.00%

US Union Square Term Loan - Sun Life [Member]

Debt Instrument [Line Items]

May 06, 2024

$ 55,000

43,000

^[1]

$ 41,750

Stated Interest Rate

7.00%

Effective Interest Rate

7.00%

NAB Australian Corporate Term Loan [Member]

Debt Instrument [Line Items]

Maturity Date

Dec. 31, 2023

^[4]

Dec. 31, 2023

^[5]

Contractual Facility

$ 76,835

^[4]

$ 94,821

^[5]

Balance Gross

76,835

^[4]

92,508

^[5]

Balance Net

$ 76,670

^[1],[4]

$ 92,307

^[2],[5]

Stated Interest Rate

1.81%

^[4]

1.81%

^[5]

Effective Interest Rate

1.81%

^[4]

1.81%

^[5]

Westpac Bank Corporate Credit Facility [Member]

Debt Instrument [Line Items]

Maturity Date

Dec. 31, 2023

^[4]

Dec. 31, 2023

^[5]

Contractual Facility

$ 11,165

^[4]

$ 23,021

^[5]

Balance Gross

11,165

^[4]

23,021

^[5]

Balance Net

$ 11,165

^[1],[4]

$ 23,021

^[2],[5]

Stated Interest Rate

2.95%

^[4]

2.95%

^[5]

Effective Interest Rate

2.95%

^[4]

2.95%

^[5]

Minimum [Member] | U.S. Corporate Office Term Loan [Member]

Debt Instrument [Line Items]

Stated Interest Rate

4.44%

Maximum [Member] | U.S. Corporate Office Term Loan [Member]

Debt Instrument [Line Items]

Stated Interest Rate

4.64%

[1]	Net of deferred financing costs amounting to $3.4 million.
[2]	Net of deferred financing costs amounting to $2.4 million.
[3]	The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 5.15%.
[4]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of June 30, 2021.
[5]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2020.

Borrowings (Schedule Of Long-term Debt Instruments, Net Of The Deferred Financing Costs) (Details) - USD ($)
$ in Thousands

Jun. 30, 2021

Dec. 31, 2020

Borrowings [Abstract]

Debt – current portion

$ 2,604

$ 41,459

Debt – long-term portion

219,366

213,779

Subordinated debt - current portion

693

840

Subordinated debt - long-term portion

26,617

26,505

Total borrowings

$ 249,280

^[1]

$ 282,583

^[2]

[1]	Net of deferred financing costs amounting to $3.4 million.
[2]	Net of deferred financing costs amounting to $2.4 million.

Other Liabilities (Narrative) (Details) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended		18 Months Ended
Other Liabilities (Narrative) (Details) - USD ($)	Aug. 29, 2014	Feb. 28, 2018	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2020
Other Liabilities [Line Items]
Accrued pension liability	$ 7,500,000		$ 3,829,000		$ 3,829,000			$ 4,048,000
Service cost					0	$ 0	$ 0
Interest cost			61,000	$ 66,000	123,000	134,000
Actuarial loss (gain)			$ 51,000	$ 51,000	$ 104,000	$ 103,000
Discount rate			4.25%		4.25%
Discount term					15 years
Monthly estate payment amount			$ 57,000		$ 57,000
Discounted value			2,700,000		2,700,000
Accumulated prior service cost			3,100,000		$ 3,100,000
Accumulated prior service cost amortization period					15 years
Accrued pension costs included in other liabilities			$ 4,500,000		$ 4,500,000
Payment related to annuity		$ 2,400,000
Payment period					42 months
Benefit obligation, gross	10,200,000				$ 10,200,000
Supplemental Executive Retirement Plans [Member]
Other Liabilities [Line Items]
Accrued pension liability	$ 7,600,000

Other Liabilities (Summary Of Other Liabilities Including Pension) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Aug. 29, 2014
Other Liabilities [Abstract]
Liability for demolition costs	$ 2,840	$ 2,928
Accrued pension	684	684
Security deposit payable	52	132
Finance lease liabilities	49	49
Other	33	33
Other current liabilities	3,658	3,826
Lease make-good provision	7,670	7,408
Accrued pension	3,829	4,048	$ 7,500
Deferred rent liability	2,035	2,897
Environmental reserve	1,656	1,656
Lease liability	5,900	5,900
Acquired leases	26	31
Finance lease liabilities	44	69
Other	1	8
Other non-current liabilities	$ 21,161	$ 22,017

Accumulated Other Comprehensive Income (Summary Of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			$ 12,502
Total change in hedge fair value recorded in Other Comprehensive Income			1
Amounts reclassified from accumulated other comprehensive income			115
Net change related to derivatives	$ 55	$ 10	116	$ (205)
Net current-period other comprehensive income (loss)			(4,137)
Balance	8,365		8,365
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			14,966
Net current-period other comprehensive income (loss)			(4,356)
Balance	10,610		10,610
Unrealized Gain (Losses) On Available-For-Sale Investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			(12)
Net current-period other comprehensive income (loss)			(1)
Balance	(13)		(13)
Accrued Pension Service Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			(2,135)
Net current-period other comprehensive income (loss)			104
Balance	(2,031)		(2,031)
Hedge Accounting Reserve [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			(317)
Total change in hedge fair value recorded in Other Comprehensive Income			1
Amounts reclassified from accumulated other comprehensive income			115
Net change related to derivatives			116
Net current-period other comprehensive income (loss)			116
Balance	$ (201)		$ (201)

Commitments And Contingencies (Narrative) (Details) - USD ($)				6 Months Ended
	Jul. 13, 2021	Jun. 18, 2021	Oct. 01, 2020	Jun. 30, 2021	Jun. 30, 2020
Commitments And Contingencies [Line Items]
(Increase) decrease in prepaid and other assets				$ 2,017,000	$ 5,773,000
General Diversified Limited Litigation [Member]
Commitments And Contingencies [Line Items]
Damages sought		$ 0
Estimated Litigation Liability				$ 0
Cotter, Jr., Derivative Litigation [Member]
Commitments And Contingencies [Line Items]
Damages sought			$ 809,000
California Employment Litigation [Member]
Commitments And Contingencies [Line Items]
Settlement awarded	$ 4,000,000.0

Non-controlling Interests (Narrative) (Details)	Jun. 30, 2021
Australian Country Cinemas, Pty Ltd [Member]
Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling interest	25.00%
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling interest	25.00%
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling interest	50.00%
Sutton Hill Capital, LLC [Member]
Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling interest	50.00%

Non-controlling Interests (Components Of Non-controlling Interests) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	$ 1,098	$ 3,404
Australian Country Cinemas, Pty Ltd [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	(9)	(51)
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	(3)	2,131
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	$ 1,110	$ 1,324

Non-controlling Interests (Components Of Income Attributable To Non-controlling Interest) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	$ (108)	$ (185)	$ 2,994	$ (266)
Australian Country Cinemas, Pty Ltd [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	(17)	(45)	41	(46)
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	14	(22)	3,166	(43)
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	$ (105)	$ (118)	$ (213)	$ (177)

Non-controlling Interests (Summary Of Changes In Controlling And Non-controlling Stockholders’ Equity) (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Balance		$ (40,407,000)			$ (40,407,000)
Balance	$ 95,749,000	81,173,000	$ 117,400,000	$ 139,616,000	81,173,000	$ 139,616,000
Net income (loss)	22,594,000	22,067,000	(22,887,000)	(5,955,000)	44,661,000	(28,843,000)
Other comprehensive income, net	(1,592,000)	(2,545,000)	10,716,000	(15,897,000)
Share-based compensation expense	450,000	464,000	369,000	336,000
Share repurchase plan				(671,000)
Restricted Stock Units	(2,000)	(110,000)	(11,000)	(30,000)
Distributions to noncontrolling stockholders		(5,300,000)
Balance	117,199,000	95,749,000	105,587,000	117,400,000	117,199,000	105,587,000
Balance	(40,407,000)				(40,407,000)
Additional Paid-In Capital [Member]
Balance	150,332,000	149,979,000	148,908,000	148,602,000	149,979,000	148,602,000
Share-based compensation expense	450,000	464,000	369,000	336,000
Restricted Stock Units	(2,000)	(111,000)	(11,000)	(30,000)
Balance	150,780,000	150,332,000	149,266,000	148,908,000	150,780,000	149,266,000
Retained Earnings (Accumulated Deficit) [Member]
Balance	(25,588,000)	(44,553,000)	14,772,000	20,647,000	(44,553,000)	20,647,000
Net income (loss)	22,702,000	18,965,000	(22,702,000)	(5,875,000)
Balance	(2,886,000)	(25,588,000)	(7,930,000)	14,772,000	(2,886,000)	(7,930,000)
Treasury Shares [Member]
Balance	(40,407,000)	(40,407,000)	(40,407)	(39,737)	(40,407,000)	(39,737)
Share repurchase plan				(670)
Balance	(40,407,000)	(40,407,000)	(40,407)	(40,407)	(40,407,000)	(40,407)
Accumulated Other Comprehensive Income (Loss) [Member]
Balance	9,957,000	12,502,000	(10,290,000)	5,589,000	12,502,000	5,589,000
Other comprehensive income, net	(1,592,000)	(2,545,000)	10,707,000	(15,879,000)
Balance	8,365,000	9,957,000	417,000	(10,290,000)	8,365,000	417,000
Reading International Inc. Stockholders' Equity [Member]
Balance	94,543,000	77,769,000	113,231,000	135,349,000	77,769,000	135,349,000
Net income (loss)	22,702,000	18,965,000	(22,702,000)	(5,875,000)
Other comprehensive income, net	(1,592,000)	(2,545,000)	10,707,000	(15,879,000)
Share-based compensation expense	450,000	464,000	369,000	336,000
Share repurchase plan				(671,000)
Restricted Stock Units	(2,000)	(110,000)	(11,000)	(30,000)
Balance	116,101,000	94,543,000	101,594,000	113,231,000	116,101,000	101,594,000
Noncontrolling Interests [Member]
Balance	1,206,000	3,404,000	4,169,000	4,267,000	3,404,000	4,267,000
Net income (loss)	(108,000)	3,102,000	(185,000)	(80,000)
Other comprehensive income, net			9,000	(18,000)
Distributions to noncontrolling stockholders		(5,300,000)
Balance	$ 1,098,000	$ 1,206,000	3,993,000	4,169,000	$ 1,098,000	3,993,000
Class A [Member]
Balance, shares		20,068,607			20,068,607
Balance, shares	20,128,815				20,128,815
Class A [Member] \| Common Stock Shares Outstanding [Member]
Balance	$ 232,000	$ 231,000	$ 231,000	$ 231,000	$ 231,000	$ 231,000
Balance, shares	20,121	20,069	20,047	20,103	20,069	20,103
Share repurchase plan, shares				(75)
Restricted Stock Units		$ 1,000
Restricted Stock Units, shares	4	52	21	19
Balance	$ 232,000	$ 232,000	$ 231,000	$ 231,000	$ 232,000	$ 231,000
Balance, shares	20,125	20,121	20,068	20,047	20,125	20,068
Class B [Member]
Balance, shares		1,680,590			1,680,590
Balance, shares	1,680,590				1,680,590
Class B [Member] \| Common Stock Shares Outstanding [Member]
Balance	$ 17,000	$ 17,000	$ 17,000	$ 17,000	$ 17,000	$ 17,000
Balance, shares	1,680	1,680	1,680	1,680	1,680	1,680
Balance	$ 17,000	$ 17,000	$ 17,000	$ 17,000	$ 17,000	$ 17,000
Balance, shares	1,680	1,680	1,680	1,680	1,680	1,680

Stock-Based Compensation And Stock Repurchases (Narrative) (Details) - USD ($)						1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 16, 2020	Dec. 16, 2020	Mar. 10, 2020	Mar. 05, 2020	May 07, 2019	Apr. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Mar. 02, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options, Granted									0
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense							$ 101,000	$ 120,000	$ 201,000	$ 200,000
Unrecognized estimated compensation cost related to non-vested stock options granted							400,000		$ 400,000
Recognition period of unrecognized compensation cost									1 year 1 month 17 days
Share price									$ 6.97
Intrinsic unrealized value of all options outstanding, vested and expected to vest							$ 24,000		$ 24,000
2020 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Terms of award									the grantee to receive one share for every RSU based on a vesting plan
Minimum [Member] \| 2020 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of stock options and RSU									1 year
Maximum [Member] \| 2020 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of stock options and RSU									4 years
Stock option expiry period									5 years
Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock authorized for issuance							1,505,598		1,505,598
Shares repurchased plan, shares									0
Number of Stock Options, Granted											38,803
Class A [Member] \| 2020 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock authorized for issuance							1,250,000		1,250,000
Common Stock shares remaining for future issuances							1,096,938		1,096,938
Class A [Member] \| Maximum [Member] \| 2020 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares authorized									176,086
2017 Stock Repurchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase program, amount authorized			$ 25,000,000.0
Repurchase program, remaining amount authorized							$ 26,000,000.0		$ 26,000,000.0
Stock buy-back program period									2 years
2017 Stock Repurchase Plan [Member] \| Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase program, amount authorized												$ 25,000,000.0
Repurchase program, remaining amount authorized			$ 26,000,000.0
$25 Million Stock Repurchase Program [Member] \| Class A Nonvoting Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase value							24,000,000.0		$ 24,000,000.0
Share price				$ 7.30					$ 13.39
Shares repurchased plan, shares				25,000					1,792,819
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense					$ 35,000		419,000	$ 255,000	$ 782,000	$ 470,000
Unrecognized estimated compensation cost related to non-vested stock options granted							$ 3,600,000		$ 3,600,000
Vesting period of stock options and RSU									1 year 10 months 24 days
Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted						262,830
Executive Officer [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of stock options and RSU									4 years
Percentage of shares vested									50.00%
Percentage of RSUs Vesting Period Contingent On Performance Metrics									50.00%
Management [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of stock options and RSU									4 years
Percentage of shares vested									25.00%
Non-employee Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options, Granted	38,803
Non-employee Director [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares vested									100.00%
Number of options, Granted	60,084
Executive Management And Other Employees [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of stock options and RSU									1 year
Percentage of shares vested									100.00%
Number of options, Granted		114,803	287,163
Other employees [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of stock options and RSU									4 years
Percentage of shares vested									25.00%
Number of options, Granted									22,888

Stock-Based Compensation And Stock Repurchases (Summary Of Stock Options Outstanding And Exercisable) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options, Granted	0
Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options, Beginning balance	713,479	711,377
Number of Stock Options, Granted		38,803
Number of Stock Options, Exercised	(38,803)
Number of Stock Options, Forfeited	(157,332)	(36,701)
Number of Stock Options Outstanding, Ending balance	517,344	713,479	711,377
Weighted Average Exercise Price of Options Outstanding, Beginning price	$ 14.64	$ 14.74
Weighted Average Exercise Price of Options Outstanding, Granted		4.66
Weighted Average Exercise Price of Options Outstanding, Forfeited	11.87	14.74
Weighted Average Exercise Price of Options Outstanding, Ending price	$ 15.20	$ 14.64	$ 14.74
Weighted Average Remaining Years of Contractual Life	1 year 10 months 13 days	2 years 2 months 4 days	2 years 9 months 14 days
Aggregate Intrinsic Value, Beginning balance	$ 13,969	$ 136,350
Aggregate Intrinsic Value, Ending balance	$ 23,750	$ 13,969	$ 136,350

Leases (Narrative) (Details) $ in Millions	6 Months Ended
Leases (Narrative) (Details) $ in Millions	Jun. 30, 2021 USD ($)
Operating Leased Assets [Line Items]
Operating leases not yet commenced	$ 12.5
Minimum [Member]
Operating Leased Assets [Line Items]
Remaining lease term	1 year
Maximum [Member]
Operating Leased Assets [Line Items]
Remaining lease term	20 years
Renewal term	20 years
Real Estate [Member] \| Minimum [Member]
Operating Leased Assets [Line Items]
Lease term of contract	1 year
Real Estate [Member] \| Maximum [Member]
Operating Leased Assets [Line Items]
Lease term of contract	20 years
Cinema [Member] \| Minimum [Member]
Operating Leased Assets [Line Items]
Lease term	15 years
Cinema [Member] \| Maximum [Member]
Operating Leased Assets [Line Items]
Lease term	20 years

Leases (Components Of Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Amortization of right-of-use assets	$ 12	$ 24	$ 25	$ 64
Interest on lease liabilities	1	2	3	5
Operating lease cost	8,516	8,079	16,780	16,099
Variable lease cost	(1,593)	(833)	(2,744)	(652)
Total lease cost	$ 6,937	$ 7,272	$ 14,064	$ 15,516

Leases (Supplemental Cash Flow Information Related To Leases) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Operating cash flows for finance leases	$ 27	$ 68
Operating cash flows for operating leases	7,621	8,436
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 22,178	$ 179

Leases (Supplemental Balance Sheet Information Related To Leases) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 228,156	$ 220,503
Operating lease liabilities - current portion	23,753	22,699
Operating lease liabilities - non-current portion	220,426	212,806
Total operating lease liabilities	244,179	235,505
Property plant and equipment, gross	378	383
Accumulated depreciation	(291)	(271)
Property plant and equipment, net	87	112
Other current liabilities	49	49
Other long-term liabilities	44	69
Total finance lease liabilities	$ 93	$ 118
Weighted-average remaining lease term - finance leases	2 years	3 years
Weighted-average remaining lease term - operating leases	11 years	11 years
Weighted-average discount rate - finance leases	5.26%	5.27%
Weighted-average discount rate - operating leases	4.62%	4.71%

Leases (Maturity Of Leases As Lessee) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Operating leases, 2021	$ 17,233
Operating leases, 2022	34,669
Operating leases, 2023	34,017
Operating leases, 2024	32,157
Operating leases, 2025	29,949
Operating leases, Thereafter	169,450
Operating leases, Total lease payments	317,475
Operating leases, Less imputed interest	(73,296)
Total operating lease liabilities	244,179	$ 235,505
Finance leases, 2021	27
Finance leases, 2022	43
Finance leases, 2023	28
Finance leases, Total lease payments	98
Finance leases, Less imputed interest	(5)
Total finance lease liabilities	$ 93	$ 118

Leases (Components Of Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Lease payments	$ 2,681	$ 2,245	$ 5,382	$ 4,566
Variable lease payments	197	(364)	366	(201)
Total lease income	$ 2,878	$ 1,881	$ 5,748	$ 4,365

Leases (Book Value Of Assets Under Operating Leases From Owned Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property Subject to or Available for Operating Lease [Line Items]
Gross balance	$ 559,785	$ 605,562
Accumulated depreciation	(243,040)	(252,437)
Operating property, net	316,745	353,125
Building And Improvements [Member]
Property Subject to or Available for Operating Lease [Line Items]
Gross balance	138,704	153,643
Accumulated depreciation	(22,441)	(26,107)
Operating property, net	$ 116,263	$ 127,536

Leases (Maturity Of Leases As Lessor) (Details) $ in Thousands	Jun. 30, 2021 USD ($)
Leases [Abstract]
2021	$ 3,777
2022	6,965
2023	6,540
2024	5,647
2025	4,609
Thereafter	4,824
Total	$ 32,362

Hedge Accounting (Narrative) (Details) - Designated as Hedging Instrument [Member] - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount	$ 8,000,000.0	$ 8,000,000.0
Derivative asset	0
Derivative ineffective portion	0
Derivative loss	$ 0

Hedge Accounting (Schedule Of Derivative Instruments On The Balance Sheet At Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Derivative financial instruments - current portion	$ 219	$ 218
Derivative financial instruments - non-current portion	96	212
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Total derivatives designated as hedging instruments	315	430
Total derivatives	315	430
Designated as Hedging Instrument [Member] \| Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments - non-current portion	96	212
Interest Rate Contracts [Member] \| Designated as Hedging Instrument [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments - current portion	$ 219	$ 218

Hedge Accounting (Schedule Of Changes in Fair value) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ 55	$ 52	$ 115	$ 80
Interest Expense [Member] \| Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ 55	$ 52	$ 115	$ 80

Hedge Accounting (Summary Of Hedged Transactions That Affect Earnings) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives (Effective Portion)			$ 1
Loss Reclassified from OCI into Income (Effective Portion)			115
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives (Effective Portion)	$ 61	$ 52	(1)	$ 285
Loss Reclassified from OCI into Income (Effective Portion)	61	52	115	80
Designated as Hedging Instrument [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss Reclassified from OCI into Income (Effective Portion)	61	52	115	80
Designated as Hedging Instrument [Member] \| Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives (Effective Portion)	$ 61	$ 52	$ (1)	$ 285

Fair Value Measurements (Narrative) (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount	$ 0		$ 0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	0		0
Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount	0		0
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount	0		$ 0
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	$ 315,000	$ 430,000

Fair Value Measurements (Schedule Of Fair Value Carried At Cost And Measured On A Nonrecurring Basis) (Details) - Nonrecurring [Member] - USD ($)
$ in Thousands

Jun. 30, 2021

Dec. 31, 2020

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Notes payable

$ 227,520

$ 258,525

Subordinated debt

20,319

20,423

Financial liabilities total

247,839

278,948

Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Notes payable

227,520

258,525

Subordinated debt

20,319

20,423

Financial liabilities total

247,839

278,948

Carrying Value [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Notes payable

^[1]

222,397

254,163

Subordinated debt

^[1]

30,299

30,796

Financial liabilities total

^[1]

$ 252,696

$ 284,959

[1]	These balances are presented before any deduction for deferred financing costs.

Stock-Based Compensation And Stock Repurchases (Schedule Of Restricted Stock Units Issued And Vested) (Details) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2021 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	983,233
Number of options, Vested	304,146
Number of options, Forfeited	8,682
Number of options, Unvested	670,405
March 10, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	62,528
Number of options, Vested	62,264
Number of options, Forfeited	264
April 11, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	5,625
Number of options, Vested	5,108
Number of options, Forfeited	517
March 23, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	63,144
Number of options, Vested	62,612
Number of options, Forfeited	532
August 29, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	7,394
Number of options, Vested	7,394
January 2, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	29,393
Number of options, Vested	29,393
April 12, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	29,596
Number of options, Vested	21,085
Number of options, Forfeited	1,971
Number of options, Unvested	6,540
April 13, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	14,669
Number of options, Vested	11,003
Number of options, Unvested	3,666
July 6, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	932
Number of options, Forfeited	932
November 7, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	23,010
Number of options, Vested	23,010
March 13, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	24,366
Number of options, Vested	10,632
Number of options, Forfeited	3,104
Number of options, Unvested	10,630
March 14, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	23,327
Number of options, Vested	11,664
Number of options, Unvested	11,663
May 7, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	11,565
Number of options, Vested	11,565
March 10, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	287,163
Number of options, Vested	48,416
Number of options, Forfeited	818
Number of options, Unvested	237,929
December 14, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	43,260
Number of options, Forfeited	544
Number of options, Unvested	42,716
December 16, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	71,543
Number of options, Unvested	71,543
April 5, 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	262,830
Number of options, Unvested	262,830
April 19, 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	22,888
Number of options, Unvested	22,888
Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	189,880
Directors [Member] \| March 10, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	35,147
Directors [Member] \| March 23, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	30,681
Directors [Member] \| January 2, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	29,393
Directors [Member] \| November 7, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	23,010
Directors [Member] \| May 7, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	11,565
Directors [Member] \| December 16, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	60,084
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	793,353
Management [Member] \| March 10, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	27,381
Management [Member] \| April 11, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	5,625
Management [Member] \| March 23, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	32,463
Management [Member] \| August 29, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	7,394
Management [Member] \| April 12, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	29,596
Management [Member] \| April 13, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	14,669
Management [Member] \| July 6, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	932
Management [Member] \| March 13, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	24,366
Management [Member] \| March 14, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	23,327
Management [Member] \| March 10, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	287,163
Management [Member] \| December 14, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	43,260
Management [Member] \| December 16, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	11,459
Management [Member] \| April 5, 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	262,830
Management [Member] \| April 19, 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	22,888