0000716634-23-000016 | 10-Q | XBRL Viewer | Reading International INC

Property And Equipment (Tables)

6 Months Ended

Jun. 30, 2023



	June 30,		December 31,
(Dollars in thousands)	2023		2022
Land	$	60,391	$	67,392
Building and improvements		206,380		213,226
Leasehold improvements		60,484		64,230
Fixtures and equipment		190,714		194,753
Construction-in-progress		6,116		6,839
Total cost		524,085		546,440
Less: accumulated depreciation		(256,527)		(259,488)
Operating property, net	$	267,558	$	286,952

Summary Of Investment And Development Property



	June 30,		December 31,
(Dollars in thousands)	2023		2022
Land	$	3,730	$	3,857
Construction-in-progress (including capitalized interest)		4,772		4,935
Investment and development property	$	8,502	$	8,792

Construction-In-Progress Balance



(Dollars in thousands)	Balance, ‎December 31, ‎2022		Additions during the period		Completed ‎during the ‎period		Foreign ‎currency ‎translation		Balance, ‎June 30, ‎2023
Courtenay Central development		6,380		—		—		(211)		6,169
Cinema developments and improvements		2,990		1,121		(567)		(31)		3,513
Other real estate projects		2,404		1,032		(2,222)		(8)		1,206
Total	$	11,774	$	2,153	$	(2,789)	$	(250)	$	10,888

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ 50,972	$ 63,279	$ 93,494	$ 105,060	$ 63,279	$ 105,060
Net change related to derivatives	(205)		395		(788)	1,194
Net current-period other comprehensive income (loss)	(741)	(1,294)	(9,217)	3,525
Balance	47,566	50,972	82,227	93,494	47,566	82,227
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		(697)			(697)
Net current-period other comprehensive income (loss)					(1,352)
Balance	(2,049)				(2,049)
Unrealized Gain (Losses) On Available-For-Sale Investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		(18)			(18)
Net current-period other comprehensive income (loss)					4
Balance	(14)				(14)
Accrued Pension Service Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		(1,822)			(1,822)
Net current-period other comprehensive income (loss)					103
Balance	(1,719)				(1,719)
Hedge Accounting Reserve [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		580			580
Total change in hedge fair value recorded in Other Comprehensive Income					(2)
Amounts reclassified from accumulated other comprehensive income					(786)
Net change related to derivatives					(788)
Net current-period other comprehensive income (loss)					(788)
Balance	(208)				(208)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(3,250)	(1,957)	8,406	4,882	(1,957)	4,882
Total change in hedge fair value recorded in Other Comprehensive Income					(2)
Amounts reclassified from accumulated other comprehensive income					(786)
Net change related to derivatives					(788)
Net current-period other comprehensive income (loss)	(740)	(1,293)	(9,218)	3,524	(2,033)
Balance	$ (3,990)	$ (3,250)	$ (812)	$ 8,406	$ (3,990)	$ (812)

Goodwill And Intangible Assets

6 Months Ended

Jun. 30, 2023

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, 2023, and December 31, 2022.



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at December 31, 2022	$	20,280	$	5,224	$	25,504
Foreign currency translation adjustment		(456)		—		(456)
Balance at June 30, 2023	$	19,824	$	5,224	$	25,048

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 2023. 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, 2023, 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, 2023, and December 31, 2022, respectively.



	As of June 30, 2023
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	11,262	$	9,058	$	4,865	$	25,185
Less: Accumulated amortization		(11,040)		(7,917)		(4,007)		(22,964)
Less: Impairments		—		—		(24)		(24)
Net intangible assets other than goodwill	$	222	$	1,141	$	834	$	2,197



	As of December 31, 2022
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	12,216	$	9,058	$	4,915	$	26,189
Less: Accumulated amortization		(11,964)		(7,838)		(3,956)		(23,758)
Less: Impairments		—		—		(40)		(40)
Net intangible assets other than goodwill	$	252	$	1,220	$	919	$	2,391

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, 2023



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2023		2022		2023		2022
Beneficial lease amortization	$	21	$	22	$	43	$	44
Other amortization		54		132		101		267
Total intangible assets amortization	$	75	$	154	$	144	$	311

Borrowings (Minetta And Orpheum Theatres Loan) (Narrative) (Details) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
	Oct. 12, 2018	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Loan amount		$ 222,649	$ 227,633
Minetta And Orpheum Theatres Loan [Member]
Debt Instrument [Line Items]
Loan amount	$ 7,500	$ 8,000	$ 8,000
Minetta And Orpheum Theatres Loan [Member] \| Santander Bank [Member]
Debt Instrument [Line Items]
Loan amount	$ 8,000
Debt instrument term		5 years

Stock-Based Compensation And Stock Repurchase Plans (Schedule Of Restricted Stock Units Issued And Vested) (Details) - Restricted Stock Units (RSUs) [Member] - shares			6 Months Ended	12 Months Ended
	Apr. 21, 2023	Apr. 11, 2023	Jun. 30, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted	52,350	85,139	2,233,372	697,515
Number of options, Vesting			896,139	642,908
Number of options, Unvested			1,240,292	18,758
Number of options, Forfeited			96,941	35,849
Award Date 4 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			262,830
Number of options, Vesting			90,804
Number of options, Unvested			149,008
Number of options, Forfeited			23,018
Award Date 5 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			22,888
Number of options, Vesting			10,831
Number of options, Unvested			10,560
Number of options, Forfeited			1,497
Award Date 6 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			26,924
Number of options, Vesting			26,924
Award Date 7 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			48,951
Number of options, Vesting			48,951
Award Date 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			428,899
Number of options, Vesting			75,721
Number of options, Unvested			316,601
Number of options, Forfeited			36,577
Award Date 9 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			73,683
Number of options, Unvested			73,683
Award Date 10 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			413,536
Number of options, Unvested			413,536
Award Date 11 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			237,719
Number of options, Unvested			237,719
Award Date 12 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			20,427
Number of options, Unvested			20,427
Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			339,438	189,880
Directors [Member] \| Award Date 6 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			26,924
Directors [Member] \| Award Date 7 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			48,951
Directors [Member] \| Award Date 9 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			73,683
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			1,893,934	507,635
Management [Member] \| Award Date 4 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			262,830
Management [Member] \| Award Date 5 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			22,888
Management [Member] \| Award Date 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			428,899
Management [Member] \| Award Date 10 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			413,536
Management [Member] \| Award Date 11 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			237,719
Management [Member] \| Award Date 12 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			20,427

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule of Equity Method Investments [Line Items]
Total equity earnings	$ 207	$ 237	$ 226	$ 172
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Total equity earnings	206	204	265	224
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Total equity earnings	$ 1	$ 33	$ (39)	$ (52)

Description Of Business And Segment Reporting

6 Months Ended

Jun. 30, 2023

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 hold undeveloped land in urban and suburban centers in the United States and New Zealand.

The table below summarizes the results of operations for each of our business segments for the quarter and six months ended June 30, 2023, and 2022, 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)	2023		2022		2023		2022
Revenue:
Cinema exhibition	$	61,056	$	61,770	$	103,042	$	99,117
Real estate		5,217		4,032		10,282		8,195
Inter-segment elimination		(1,218)		(1,291)		(2,463)		(2,600)
	$	65,055	$	64,511	$	110,861	$	104,712
Segment operating income (loss):
Cinema exhibition	$	4,474	$	3,452	$	(141)	$	(3,765)
Real estate		1,286		(88)		2,291		21
	$	5,760	$	3,364	$	2,150	$	(3,744)

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)	2023		2022		2023		2022
Segment operating income (loss)	$	5,760	$	3,364	$	2,150	$	(3,744)
Unallocated corporate expense
Depreciation and amortization expense		(176)		(268)		(355)		(546)
General and administrative expense		(3,794)		(4,668)		(7,889)		(9,059)
Interest expense, net		(4,875)		(3,343)		(8,991)		(6,548)
Equity earnings of unconsolidated joint ventures		207		237		226		172
Other income (expense)		(86)		3,773		91		2,990
Income (loss) before income tax expense	$	(2,964)	$	(905)	$	(14,768)	$	(16,735)

Leases (Supplemental Cash Flow Information Related To Leases) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating cash flows for finance leases	$ 17	$ 25
Operating cash flows for operating leases	16,849	17,801
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,633	$ 66

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Measurements [Abstract]

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



			Fair Value Measurement at June 30, 2023
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	184,927	$	—	$	—	$	168,557	$	168,557
Subordinated debt		28,877		—		—		25,706		25,706
	$	213,804	$	—	$	—	$	194,263	$	194,263



			Fair Value Measurement at December 31, 2022
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	186,387	$	—	$	—	$	172,230	$	172,230
Subordinated debt		29,246		—		—		25,025		25,025
	$	215,633	$	—	$	—	$	197,255	$	197,255

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

Investments In Unconsolidated Joint Ventures (Summary Of The Investments In Unconsolidated Joint Ventures And Entities) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Total Joint Ventures	$ 4,538	$ 4,756
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Interest	33.30%
Total Joint Ventures	$ 3,686	3,836
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Interest	50.00%
Total Joint Ventures	$ 852	$ 920

Other Liabilities (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
Other Liabilities (Narrative) (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Liabilities [Abstract]
Service cost			$ 0	$ 0
Interest cost	$ 50,000	$ 55,000	99,000	111,000
Actuarial loss (gain)	51,000	$ 51,000	103,000	$ 103,000
Accrued pension costs included in other liabilities	$ 3,600,000		$ 3,600,000

Leases (Book Value Of Assets Under Operating Leases From Owned Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property Subject to or Available for Operating Lease [Line Items]
Gross balance	$ 524,085	$ 546,440
Accumulated depreciation	(256,527)	(259,488)
Operating property, net	267,558	286,952
Building And Improvements [Member]
Property Subject to or Available for Operating Lease [Line Items]
Gross balance	126,690	136,749
Accumulated depreciation	(21,026)	(26,148)
Operating property, net	$ 105,664	$ 110,601

Hedge Accounting (Schedule Of Changes in Fair value) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ (19)	$ (19)	$ (786)	$ 49
Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ (19)	$ (19)	$ (786)	$ 49
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Interest Expense
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]				Interest Expense

Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Components Of Lease Expense


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2023		2022		2023		2022
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	8	$	11	$	15	$	23
Interest on lease liabilities		—		1		1		2
Operating lease cost		8,226		8,405		16,408		16,809
Variable lease cost		399		218		669		119
Total lease cost	$	8,633	$	8,635	$	17,093	$	16,953

Supplemental Cash Flow Information Related To Leases


	Six Months Ended
	June 30,
(Dollars in thousands)	2023		2022
Cash flows relating to lease cost
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	17	$	25
Operating cash flows for operating leases		16,849		17,801
Right-of-use assets obtained in exchange for new operating lease liabilities		1,633		66

Supplemental Balance Sheet Information Related To Leases


	June 30,		December 31,
(Dollars in thousands)	2023		2022
Operating leases
Operating lease right-of-use assets	$	189,008	$	200,417
Operating lease liabilities - current portion		23,732		23,971
Operating lease liabilities - non-current portion		188,016		200,037
Total operating lease liabilities	$	211,748	$	224,008
Finance leases
Property plant and equipment, gross		360		363
Accumulated depreciation		(350)		(338)
Property plant and equipment, net	$	10	$	25
Other current liabilities		11		28
Total finance lease liabilities	$	11	$	28

Other information
Weighted-average remaining lease term - finance leases		0		1
Weighted-average remaining lease term - operating leases		11		11
Weighted-average discount rate - finance leases		5.21%		5.21%
Weighted-average discount rate - operating leases		4.55%		4.55%

Maturity Of Leases As Lessee


(Dollars in thousands)	Operating ‎leases		Finance ‎leases
2023	$	16,693	$	11
2024		31,556		—
2025		29,526		—
2026		27,619		—
2027		25,287		—
Thereafter		141,751		—
Total lease payments	$	272,432	$	11
Less imputed interest		(60,684)		—
Total	$	211,748	$	11

Components Of Lease Income


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2023		2022		2023		2022
Components of lease income
Lease payments	$	2,765		2,034	$	5,392	$	4,104
Variable lease payments		176		141		393		273
Total lease income	$	2,941	$	2,175	$	5,786	$	4,377

Book Value Of Assets Under Operating Leases From Owned Assets


	June 30,		December 31,
(Dollars in thousands)	2023		2022
Building and improvements
Gross balance	$	126,690	$	136,749
Accumulated depreciation		(21,026)		(26,148)
Net Book Value	$	105,664	$	110,601

Maturity Of Leases As Lessor


(Dollars in thousands)	Operating ‎leases
2023	$	5,238
2024		9,897
2025		9,493
2026		7,939
2027		6,759
Thereafter		28,010
Total	$	67,336

Income Taxes (Details)	6 Months Ended
Income Taxes (Details)	Jun. 30, 2023	Jun. 30, 2022
Income Taxes [Abstract]
Effective tax rate	3.90%	(6.90%)

Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2023

Other Liabilities [Abstract]

Summary Of Other Liabilities Including Pension



	June 30,		December 31,
(Dollars in thousands)	2023		2022
Current liabilities
Accrued pension		684		684
Security deposit payable		111		68
Finance lease liabilities		11		28
Other		33		33
Other current liabilities	$	839	$	813
Other liabilities
Lease make-good provision		6,054		6,131
Accrued pension		2,952		3,138
Deferred rent liability		2,057		2,484
Environmental reserve		1,656		1,656
Lease liability		5,900		5,900
Acquired leases		8		11
Other non-current liabilities	$	18,627	$	19,320

Borrowings (Bank Of America Credit Facility) (Narrative) (Details) - Bank Of America Credit Facility [Member] - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	May 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment	$ 725,000
Payment in kind interest rate		0.50%
Maturity date		Sep. 04, 2024	Mar. 01, 2024
Floor Rate [Member]
Debt Instrument [Line Items]
Spread on variable rate		1.00%
Prime Rate [Member]
Debt Instrument [Line Items]
Spread on variable rate		3.00%

Prepaid And Other Assets

6 Months Ended

Jun. 30, 2023

Prepaid And Other Assets [Abstract]

Prepaid And Other Assets

Note 10 – Prepaid and Other Assets

Prepaid and other assets are summarized as follows:



	June 30,		December 31,
(Dollars in thousands)	2023		2022
Prepaid and other current assets
Prepaid expenses	$	2,472	$	1,859
Prepaid taxes		1,155		1,687
Income taxes receivable		562		—
Prepaid rent		1,263		—
Deposits		242		233
Interest receivable		14		8
Investments in marketable securities		17		17
Total prepaid and other current assets	$	5,725	$	3,804
Other non-current assets
Other non-cinema and non-rental real estate assets		675		1,134
Investment in Reading International Trust I		838		838
Straight-line rent asset		7,160		8,302
Long-term deposits		7		10
Total other non-current assets	$	8,680	$	10,284

Leases (Maturity Of Leases As Lessee) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Operating leases, 2023	$ 16,693
Operating leases, 2024	31,556
Operating leases, 2025	29,526
Operating leases, 2026	27,619
Operating leases, 2027	25,287
Operating leases, Thereafter	141,751
Operating leases, Total lease payments	272,432
Operating leases, Less imputed interest	(60,684)
Total operating lease liabilities	211,748	$ 224,008
Finance leases, 2023	11
Finance leases, Total lease payments	11
Total finance lease liabilities	$ 11	$ 28

Non-controlling Interests

6 Months Ended

Jun. 30, 2023

Non-controlling Interests [Abstract]

Non-controlling Interests

Note 16 – 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)	2023		2022
Australian Country Cinemas, Pty Ltd	$	59	$	26
Shadow View Land and Farming, LLC		(3)		(3)
Sutton Hill Properties, LLC		69		400
Noncontrolling interests in consolidated subsidiaries	$	125	$	423

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



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2023		2022		2023		2022
Australian Country Cinemas, Pty Ltd	$	25	$	72	$	35	$	62
Shadow View Land and Farming, LLC		—		—		—		(1)
Sutton Hill Properties, LLC		(108)		(79)		(331)		(166)
Net income (loss) attributable to noncontrolling interests	$	(83)	$	(7)	$	(296)	$	(105)

Summary of Controlling and Noncontrolling Stockholders’ Equity

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


	Common Stock								Retained				Accumulated		Reading
	Class A	Class A		Class B	Class B		Additional		Earnings				Other		International Inc.				Total
	Non-Voting	Par		Voting	Par		Paid-In		(Accumulated		Treasury		Comprehensive		Stockholders’		Noncontrolling		Stockholders’
(Dollars in thousands, except shares)	Shares	Value		Shares	Value		Capital		Deficit)		Shares		Income (Loss)		Equity		Interests		Equity
At January 1, 2023	20,410	$	235	1,680	$	17	$	153,784	$	(48,816)	$	(40,407)	$	(1,957)	$	62,856	$	423	$	63,279
Net income (loss)	—		—	—		—		—		(11,111)		—		—		(11,111)		(213)		(11,324)
Other comprehensive income, net	—		—	—		—		—		—		—		(1,293)		(1,293)		(1)		(1,294)
Share-based compensation expense	—		—	—		—		443		—		—		—		443		—		443
Restricted Stock Units	89		—	—		—		(132)		—		—		—		(132)		—		(132)
At March 31, 2023	20,499	$	235	1,680	$	17	$	154,095	$	(59,927)	$	(40,407)	$	(3,250)	$	50,763	$	209	$	50,972
Net income	—		—	—		—		—		(2,778)		—		—		(2,778)		(83)		(2,861)
Other comprehensive income, net	—		—	—		—		—		—		—		(740)		(740)		(1)		(741)
Share-based compensation expense	—		—	—		—		308		—		—		—		308		—		308
Restricted Stock Units	92		1	—		—		(113)		—		—		—		(112)		—		(112)
At June 30, 2023	20,591	$	236	1,680	$	17		154,290	$	(62,705)	$	(40,407)	$	(3,990)	$	47,441	$	125	$	47,566


	Common Stock								Retained				Accumulated		Reading
	Class A	Class A		Class B	Class B		Additional		Earnings				Other		International Inc.				Total
	Non-Voting	Par		Voting	Par		Paid-In		(Accumulated		Treasury		Comprehensive		Stockholders’		Noncontrolling		Stockholders’
(Dollars in thousands, except shares)	Shares	Value		Shares	Value		Capital		Deficit)		Shares		Income (Loss)		Equity		Interests		Equity
At January 1, 2022	20,260	$	233	1,680	$	17	$	151,981	$	(12,632)	$	(40,407)	$	4,882	$	104,074	$	986	$	105,060
Net income (loss)	—		—	—		—		—		(15,354)		—		—		(15,354)		(99)		(15,453)
Other comprehensive income, net	—		—	—		—		—		—		—		3,524		3,524		1		3,525
Share-based compensation expense	—		—	—		—		415		—		—		—		415		—		415
Restricted Stock Units	52		1	—		—		(32)		—		—		—		(31)		—		(31)
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		(22)		(22)
At March 31, 2022	20,312	$	234	1,680	$	17	$	152,364	$	(27,986)	$	(40,407)	$	8,406	$	92,628	$	866	$	93,494
Net income	—		—	—		—		—		(2,436)		—		—		(2,436)		(7)		(2,443)
Other comprehensive income, net	—		—	—		—		—		—		—		(9,218)		(9,218)		1		(9,217)
Share-based compensation expense	—		—	—		—		466		—		—		—		466		—		466
Restricted Stock Units	49		—	—		—		(52)		—		—		—		(52)		—		(52)
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		(21)		(21)
At June 30, 2022	20,361	$	234	1,680	$	17	$	152,778	$	(30,422)	$	(40,407)	$	(812)	$	81,388	$	839	$	82,227

Earnings Per Share

6 Months Ended

Jun. 30, 2023

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 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 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)	2023		2022		2023		2022
Numerator:
Net income (loss) attributable to Reading International, Inc.	$	(2,778)		(2,436)	$	(13,889)	$	(17,790)
Denominator:
Weighted average number of common stock – basic		22,262,214		22,040,512		22,183,618		21,995,186
Weighted average dilutive impact of awards		1,240,292		912,448		1,240,292		912,448
Weighted average number of common stock – diluted		23,502,506		22,952,960		23,423,910		22,907,634
Basic earnings (loss) per share	$	(0.12)		(0.11)	$	(0.63)	$	(0.81)
Diluted earnings (loss) per share	$	(0.12)		(0.11)	$	(0.63)	$	(0.81)
Awards excluded from diluted earnings (loss) per share		205,122		912,448		205,122		912,448

Our weighted average number of common stock - basic increased, primarily as a result of the vesting of restricted stock units. We did not repurchase any shares of Class A Common Stock during the first six months of 2023 and 2022.

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.

Properties And Equipment (Narrative) (Details) a in Millions		3 Months Ended		6 Months Ended
	Jun. 01, 2023 USD ($) ft² a	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	May 31, 2023 USD ($)
Property, Plant and Equipment [Line Items]
Depreciation expense for operating property		$ 4,700,000	$ 5,300,000	$ 9,300,000	$ 10,600,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| 2483 Trenton Avenue Williamsport Pennsylvania [Member]
Property, Plant and Equipment [Line Items]
Acre Of Land Announced To Be Sold \| a	26.6
Book value	$ 460,000,000,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| 2483 Trenton Avenue Williamsport Pennsylvania [Member] \| Land [Member]
Property, Plant and Equipment [Line Items]
Area of Land \| ft²	18,000
Property book value adjustment				$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| Culver City Los Angeles [Member]
Property, Plant and Equipment [Line Items]
Book value						$ 11,200,000
Sale price						$ 8,500,000

Goodwill And Intangible Assets (Summary Of Intangible Assets Other Than Goodwill) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 25,185	$ 26,189
Less: Accumulated amortization	(22,964)	(23,758)
Less: Impairments	(24)	(40)
Net intangible assets other than goodwill	2,197	2,391
Beneficial Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	11,262	12,216
Less: Accumulated amortization	(11,040)	(11,964)
Net intangible assets other than goodwill	222	252
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	9,058	9,058
Less: Accumulated amortization	(7,917)	(7,838)
Net intangible assets other than goodwill	1,141	1,220
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	4,865	4,915
Less: Accumulated amortization	(4,007)	(3,956)
Less: Impairments	(24)	(40)
Net intangible assets other than goodwill	$ 834	$ 919

Non-controlling Interests (Components Of Non-controlling Interests) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	$ 125	$ 423
Australian Country Cinemas, Pty Ltd [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	59	26
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	(3)	(3)
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	$ 69	$ 400

Operations In Foreign Currency (Summary Of Currency Exchange Rates) (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Australian Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6663	0.6905	0.6663	0.6905	0.6805
Australian Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6681	0.7143	0.6761	0.7192	0.6946
New Zealand Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6133	0.6245	0.6133	0.6245	0.6342
New Zealand Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6186	0.6500	0.6243	0.6631	0.6357

Operations In Foreign Currency

6 Months Ended

Jun. 30, 2023

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. However, in recent periods, we have looked to our overseas operations to cover an increasing portion of our domestic general and administrative costs. 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, 2023. 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. 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, 2023		December 31, 2022	June 30, 2022
Spot Rate
Australian Dollar	0.6663		0.6805	0.6905
New Zealand Dollar	0.6133		0.6342	0.6245
Average Rate
Australian Dollar	0.6681	0.6761	0.6946	0.7143	0.7192
New Zealand Dollar	0.6186	0.6243	0.6357	0.6500	0.6631

Property And Equipment (Construction-In-Progress Balance) (Details) - Operating And Investing Properties [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Property, Plant and Equipment [Line Items]
Balance	$ 11,774
Additions during the period	2,153
Completed during the period	(2,789)
Foreign currency translation	(250)
Balance	10,888
Courtenay Central Development [Member]
Property, Plant and Equipment [Line Items]
Balance	6,380
Foreign currency translation	(211)
Balance	6,169
Cinema Developments And Improvements [Member]
Property, Plant and Equipment [Line Items]
Balance	2,990
Additions during the period	1,121
Completed during the period	(567)
Foreign currency translation	(31)
Balance	3,513
Other Real Estate Projects [Member]
Property, Plant and Equipment [Line Items]
Balance	2,404
Additions during the period	1,032
Completed during the period	(2,222)
Foreign currency translation	(8)
Balance	$ 1,206

Operations In Foreign Currency (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023		December 31, 2022	June 30, 2022
Spot Rate
Australian Dollar	0.6663		0.6805	0.6905
New Zealand Dollar	0.6133		0.6342	0.6245
Average Rate
Australian Dollar	0.6681	0.6761	0.6946	0.7143	0.7192
New Zealand Dollar	0.6186	0.6243	0.6357	0.6500	0.6631

Leases (Maturity Of Leases As Lessor) (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Leases [Abstract]
2023	$ 5,238
2024	9,897
2025	9,493
2026	7,939
2027	6,759
Thereafter	28,010
Total	$ 67,336

Hedge Accounting (Summary Of Hedged Transactions That Affect Earnings) (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives (Effective Portion)	$ (16)	$ (414)	$ 2	$ (1,145)
Loss Reclassified from OCI into Income (Effective Portion)	(220)	(19)	(785)	49
Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives (Effective Portion)	$ (16)	$ (414)	$ 2	$ (1,145)

Fair Value Measurements (Narrative) (Details) - USD ($)	6 Months Ended
Fair Value Measurements (Narrative) (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers of assets and liabilities between level 1, 2, 3	$ 0	$ 0
Derivative Liability
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	$ 64,000		$ 907,000

Stock-Based Compensation And Stock Repurchases (Narrative) (Details) - USD ($)				1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 21, 2023	Apr. 11, 2023	Mar. 05, 2020	Apr. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Mar. 10, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase program, amount authorized					$ 26,000,000.0		$ 26,000,000.0
Share conversion ratio							1
Number of Stock Options, Granted							0
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense					9,000	$ 53,000	$ 18,000	$ 106,000
Unrecognized estimated compensation cost related to non-vested stock options granted					18,000		$ 18,000
Recognition period of unrecognized compensation cost							6 months
Share price							$ 2.65
Intrinsic unrealized value of all options outstanding, vested and expected to vest
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 Nonvoting Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price							$ 13.39
Shares repurchased plan, shares							1,792,819
Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased plan, shares							0	0
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
Additional shares authorized							278,193
$25 Million Stock Repurchase Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase program, amount authorized										$ 25,000,000.0
$25 Million Stock Repurchase Program [Member] \| Class A Nonvoting Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price			$ 7.30
Shares repurchased plan, shares			25,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense					$ 299,000	$ 413,000	$ 733,000	$ 775,000
Unrecognized estimated compensation cost related to non-vested stock options granted					$ 4,700,000		$ 4,700,000
Vesting period of stock options and RSU							1 year 6 months 18 days
Number of options, Granted	52,350	85,139					2,233,372		697,515
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
Executive Officer [Member] \| Restricted Stock Units (RSUs) [Member] \| Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage				75.00%
Executive Officer [Member] \| Restricted Stock Units (RSUs) [Member] \| Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage				25.00%
Directors [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted							339,438		189,880
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%
Number of options, Granted							1,893,934		507,635
Non-employee Director [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
Chief 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
Chief Executive Officer [Member] \| Restricted Stock Units (RSUs) [Member] \| Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage				50.00%
Chief Executive Officer [Member] \| Restricted Stock Units (RSUs) [Member] \| Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage				50.00%

Summary Of Significant Accounting Policies

6 Months Ended

Jun. 30, 2023

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, 2022 (“2022 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, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023.

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, and (v) 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.

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating Activities
Net income (loss)	$ (14,185)	$ (17,895)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity earnings of unconsolidated joint ventures	(226)	(172)
Distributions of earnings from unconsolidated joint ventures	338	288
(Gain) loss recognized on foreign currency transactions		(2,312)
Loss provision on impairment of asset		1,549
Amortization of operating leases	9,290	11,713
Amortization of finance leases	15	23
Change in operating lease liabilities	(10,059)	(11,688)
Change in net deferred tax assets	(31)	(270)
Depreciation and amortization	9,329	10,771
Other amortization	753	767
Stock based compensation expense	751	882
Net changes in operating assets and liabilities:
Receivables	719	(77)
Prepaid and other assets	(1,341)	(1,131)
Payments for accrued pension	(171)	(342)
Accounts payable and accrued expenses	(2,540)	464
Film rent payable	(25)	(485)
Taxes payable	1,512	(8,741)
Deferred revenue and other liabilities	(2,937)	(901)
Net cash provided by (used in) operating activities	(8,808)	(17,557)
Investing Activities
Purchases of and additions to operating and investment properties	(3,430)	(3,661)
Contributions to unconsolidated joint ventures		(33)
Net cash provided by (used in) investing activities	(3,430)	(3,694)
Financing Activities
Repayment of borrowings	(3,258)	(3,889)
Repayment of finance lease principal	(16)	(24)
Proceeds from borrowings	3,154
Capitalized borrowing costs	(349)	(214)
(Cash paid) proceeds from the settlement of employee share transactions	(243)	(83)
Noncontrolling interest contributions		4
Noncontrolling interest distributions		(43)
Net cash provided by (used in) financing activities	(712)	(4,249)
Effect of exchange rate on cash and restricted cash	(188)	(1,622)
Net increase (decrease) in cash and cash equivalents and restricted cash	(13,138)	(27,122)
Cash and cash equivalents and restricted cash at the beginning of the period	34,979	88,571
Cash and cash equivalents and restricted cash at the end of the period	21,841	61,449
Cash and cash equivalents and restricted cash consists of:
Cash and cash equivalents	15,511	49,905
Restricted cash	6,330	11,544
Total	21,841	61,449
Supplemental Disclosures
Interest paid	7,724	5,526
Income taxes (refunded) paid	(728)	9,637
Non-Cash Transactions
Additions to operating and investing properties through accrued expenses	$ 3,255	$ 2,727

Properties And Equipment (Summary Of Investment And Development Property) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Investment and development property	$ 8,502	$ 8,792
Land [Member]
Property, Plant and Equipment [Line Items]
Investment and development property	3,730	3,857
Construction-In-Progress (Including Capitalized Interest) [Member]
Property, Plant and Equipment [Line Items]
Investment and development property	$ 4,772	$ 4,935

Borrowings

6 Months Ended

Jun. 30, 2023

Borrowings [Abstract]

Borrowings

Note 12 – Borrowings

Our Company’s borrowings at June 30, 2023 and December 31, 2022, net of deferred financing costs and including the impact of interest rate derivatives on effective interest rates, are summarized below:



	As of June 30, 2023
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, ‎Net⁽¹⁾		Stated ‎Interest Rate	Effective ‎Interest ‎Rate
Denominated in USD
Trust Preferred Securities (US)	April 30, 2027	$	27,913	$	27,913	$	27,061	9.30%	9.30%
Bank of America Credit Facility (US)	September 4, 2024		24,550		24,550		24,404	10.75%	10.75%
Cinemas 1, 2, 3 Term Loan (US)	October 3, 2023		22,232		22,232		22,177	6.63%	6.63%
Minetta & Orpheum Theatres Loan (US)⁽²⁾	November 1, 2023		8,000		8,000		7,990	6.00%	5.15%
U.S. Corporate Office Term Loan (US)	January 1, 2027		8,539		8,539		8,486	4.64% / 4.44%	4.61%
Union Square Financing (US)	May 6, 2024		55,000		46,155		45,593	12.06%	12.06%
Purchase Money Promissory Note (US)	September 18, 2024		964		964		964	5.00%	5.00%
Denominated in foreign currency ("FC") ⁽³⁾
NAB Corporate Term Loan (AU) (4)	June 30, 2024		66,963		66,963		66,916	5.64%	5.64%
Westpac Bank Corporate (NZ)	January 1, 2024		8,488		8,488		8,488	8.20%	8.20%
		$	222,649	$	213,804	$	212,079

(1)Net of deferred financing costs amounting to $1.7 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, 2023.

(4)This financing arrangement was extended after June 30, 2023.



	As of December 31, 2022
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, ‎Net⁽¹⁾		Stated ‎Interest ‎Rate	Effective ‎Interest ‎Rate
Denominated in USD
Trust Preferred Securities (US)	April 30, 2027	$	27,913	$	27,913	$	26,950	8.41%	8.41%
Bank of America Credit Facility (US)(5)	March 1, 2024		26,750		26,750		26,663	10.00%	10.00%
Cinemas 1, 2, 3 Term Loan (US)(5)	April 1, 2023		22,455		22,455		22,208	6.63%	6.63%
Minetta & Orpheum Theatres Loan (US)(2)	November 1, 2023		8,000		8,000		7,974	7.12%	6.00%
U.S. Corporate Office Term Loan (US)	January 1, 2027		8,674		8,674		8,613	4.64% / 4.44%	4.64%
Union Square Financing (US)⁽³⁾	May 6, 2024		55,000		43,000		42,484	11.25%	7.40%
Purchase Money Promissory Note (US)	September 18, 2024		1,333		1,333		1,333	5.00%	5.00%
Denominated in foreign currency ("FC")(4)
NAB Corporate Term Loan (AU)	June 30, 2024		68,731		68,731		68,662	4.82%	4.82%
Westpac Bank Corporate (NZ)	January 1, 2024		8,777		8,777		8,777	6.95%	6.95%
Total		$	227,633	$	215,633	$	213,664

(1)Net of deferred financing costs amounting to $2.0 million.

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

(3)The interest rate derivative associated with the Union Square loan provides for an effective fixed rate of 7.40%.

(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 December 31, 2022.

(5)This financing facility was extended after December 31, 2022.

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 (Dollars in thousands)	2023		2022
Debt - current portion	$	47,259	$	37,279
Debt - long-term portion		136,993		148,688
Subordinated debt - current portion		766		747
Subordinated debt - long-term portion		27,061		26,950
Total borrowings	$	212,079	$	213,664

Bank of America Credit Facility

Our Bank of America facility now matures on September 4, 2024, following a Q1 2023 loan modification, which, among other things, extended the maturity date from March 1, 2024. The current facility requires monthly repayments of $725,000 commencing in May 2023, with a balloon payment upon maturity. Interest is charged at a fixed rate of 3.0% above the Bank of America Prime rate, which itself has a floor of 1.0%. Payment-in-kind interest of 0.5% accrues from January 1, 2024, but will be waived in the event of repayment of the entire debt prior to April 1, 2024.

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 building at a fixed annual interest rate of 4.64%. On June 26, 2017, we obtained a further $1.5 million at a fixed annual interest rate of 4.44%.

Cinemas 1,2,3 Term Loan

Our Cinemas 1,2,3 Term Loan, held by Sutton Hill Properties LLC (“SHP”), a 75% owned subsidiary of RDI, matures on October 3, 2023, following the exercise of two options to extend the maturity date, which occurred in Q1 and Q2 of 2023. The term loan is with Valley National Bank and carries an interest rate of 6.63%.

Union Square Financing

On May 7, 2021, we closed on a new three-year $55.0 million loan facility with Emerald Creek Capital secured by our 44 Union Square property and certain limited guarantees. 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 has two 12-month options to extend,

and may be repaid at any time, without the payment of any premium. As these options are within our control, we continue to keep the loan classified as long-term. The loan currently carries an interest rate of 12.06%.

Purchase Money Promissory Note

On September 18, 2019, we purchased for $5.5 million 407,000 shares of our 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)

Our Westpac Corporate Credit Facility for NZ$13.8 million matures on January 1, 2024. The facility currently carries an interest rate and line of credit charge of 2.40% above the Bank Bill Bid Rate and 1.65% respectively. Westpac has waived the requirement to test certain covenants for each quarter since the third quarter of 2020, including the current quarter.

Australian NAB Corporate Term Loan (AU)

Our Revolving Corporate Markets Loan Facility with National Australia Bank (“NAB”) matures on June 30, 2024. It currently consists of (i) a AU$100.0 million Corporate Loan facility at 1.75% above BBSY, of which AU$60.0 million is revolving and AU$40.0 million is core, (ii) a Bank Guarantee Facility of AU$5.0 million at a rate of 1.85% per annum and (iii) a further AU$3.0 million of core debt added in December 2020, relating to the funding of our Reading Cinemas at Jindalee, Queensland, which is repayable in semi-annual installments of AU$500,000, the first installment being April 30, 2021, until fully repaid on October 31, 2023. On August 13, 2023, we modified certain covenants and extended this facility’s maturity date to July 31, 2025 and so continue to hold the debt as non-current.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: 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(c))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Non-controlling Interests (Narrative) (Details)	Jun. 30, 2023
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%

Borrowings (Summary Of Borrowings) (Details) $ in Thousands, $ in Millions				6 Months Ended		12 Months Ended
	Sep. 18, 2019	Oct. 12, 2018 USD ($)	Dec. 13, 2016 USD ($)	Jun. 30, 2023 NZD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Contractual Facility					$ 222,649	$ 227,633
Balance Gross					213,804	215,633
Balance Net					212,079	213,664
Deferred financing costs, net					$ 1,700	$ 2,000
Trust Preferred Securities [Member]
Debt Instrument [Line Items]
Maturity Date				Apr. 30, 2027	Apr. 30, 2027	Apr. 30, 2027
Contractual Facility					$ 27,913	$ 27,913
Balance Gross					27,913	27,913
Balance Net					$ 27,061	$ 26,950
Stated Interest Rate				9.30%	9.30%	8.41%
Effective Interest Rate					9.30%	8.41%
Bank Of America Credit Facility [Member]
Debt Instrument [Line Items]
Maturity Date				Sep. 04, 2024	Sep. 04, 2024	Mar. 01, 2024
Contractual Facility					$ 24,550	$ 26,750
Balance Gross					24,550	26,750
Balance Net					$ 24,404	$ 26,663
Stated Interest Rate				10.75%	10.75%	10.00%
Effective Interest Rate					10.75%	10.00%
US Cinema 1, 2, 3 Term Loan [Member]
Debt Instrument [Line Items]
Maturity Date				Oct. 03, 2023	Oct. 03, 2023	Apr. 01, 2023
Contractual Facility					$ 22,232	$ 22,455
Balance Gross					22,232	22,455
Balance Net					$ 22,177	$ 22,208
Stated Interest Rate				6.63%	6.63%	6.63%
Effective Interest Rate					6.63%	6.63%
Minetta And Orpheum Theatres Loan [Member]
Debt Instrument [Line Items]
Maturity Date				Nov. 01, 2023	Nov. 01, 2023	Nov. 01, 2023
Contractual Facility		$ 7,500			$ 8,000	$ 8,000
Balance Gross					8,000	8,000
Balance Net					$ 7,990	$ 7,974
Stated Interest Rate				6.00%	6.00%	7.12%
Effective Interest Rate					5.15%	6.00%
Derivative, Fixed Interest Rate						5.15%
U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Maturity Date				Jan. 01, 2027	Jan. 01, 2027	Jan. 01, 2027
Contractual Facility			$ 8,400		$ 8,539	$ 8,674
Balance Gross					8,539	8,674
Balance Net					$ 8,486	$ 8,613
Effective Interest Rate					4.61%	4.64%
Union Square Construction Financing [Member]
Debt Instrument [Line Items]
Maturity Date				May 06, 2024	May 06, 2024	May 06, 2024
Contractual Facility					$ 55,000	$ 55,000
Balance Gross					46,155	43,000
Balance Net					$ 45,593	$ 42,484
Stated Interest Rate				12.06%	12.06%	11.25%
Effective Interest Rate					12.06%	7.40%
Derivative, Fixed Interest Rate						7.40%
Purchase Money Promissory Note [Member]
Debt Instrument [Line Items]
Maturity Date	Sep. 18, 2024			Sep. 18, 2024	Sep. 18, 2024	Sep. 18, 2024
Contractual Facility					$ 964	$ 1,333
Balance Gross					964	1,333
Balance Net					$ 964	$ 1,333
Stated Interest Rate				5.00%	5.00%	5.00%
Effective Interest Rate					5.00%	5.00%
NAB Australian Corporate Term Loan [Member]
Debt Instrument [Line Items]
Maturity Date				Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2024
Contractual Facility					$ 66,963	$ 68,731
Balance Gross					66,963	68,731
Balance Net					$ 66,916	$ 68,662
Stated Interest Rate				5.64%	5.64%	4.82%
Effective Interest Rate					5.64%	4.82%
Westpac Bank Corporate Credit Facility [Member]
Debt Instrument [Line Items]
Maturity Date				Jan. 01, 2024	Jan. 01, 2024	Jan. 01, 2024
Contractual Facility				$ 13.8	$ 8,488	$ 8,777
Balance Gross					8,488	8,777
Balance Net					$ 8,488	$ 8,777
Stated Interest Rate				8.20%	8.20%	6.95%
Effective Interest Rate					8.20%	6.95%
Minimum [Member] \| U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Stated Interest Rate				4.44%	4.44%	4.44%
Maximum [Member] \| U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Stated Interest Rate				4.64%	4.64%	4.64%

Commitments And Contingencies (Details) - California Employment Litigation [Member] - USD ($)	Feb. 19, 2024	May 18, 2023	Jul. 13, 2021
Commitments And Contingencies [Line Items]
Settlement awarded		$ 1,351,000	$ 4,000,000.0
Scenario, Forecast [Member]
Commitments And Contingencies [Line Items]
Settlement awarded	$ 1,351,000

Leases (Components Of Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Amortization of right-of-use assets	$ 8	$ 11	$ 15	$ 23
Interest on lease liabilities		1	1	2
Operating lease cost	8,226	8,405	16,408	16,809
Variable lease cost	399	218	669	119
Total lease cost	$ 8,633	$ 8,635	$ 17,093	$ 16,953

Borrowings (Cinema 1, 2, 3 Term Loan) (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Mar. 13, 2020
Debt Instrument [Line Items]
Contractual facility	$ 222,649	$ 227,633
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	$ 22,232	$ 22,455
Interest rate			6.63%
Maturity date	Oct. 03, 2023	Apr. 01, 2023

Leases (Components Of Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Lease payments	$ 2,765	$ 2,034	$ 5,392	$ 4,104
Variable lease payments	176	141	393	273
Total lease income	$ 2,941	$ 2,175	$ 5,786	$ 4,377

Stock-Based Compensation and Stock Repurchases (Tables)

6 Months Ended

Jun. 30, 2023

Share-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, 2021	517,344	$	15.42	1.66	$	—
Granted	—		—	—		—
Exercised	—		—	—		—
Forfeited	(189,846)		14.63	—		—
Balance - December 31, 2022	327,498	$	15.87	1.24	$	—
Granted	—		—	—		—
Exercised	—		—	—		—
Forfeited	(122,376)		—	—		—
Balance - June 30, 2023	205,122	$	15.82	0.88	$	—

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, ‎2023	June 30, ‎2023	June 30, ‎2023

Opening balance	189,880	507,635	697,515	642,908	18,758	35,849

April 5, 2021	—	262,830	262,830	90,804	149,008	23,018
April 19, 2021	—	22,888	22,888	10,831	10,560	1,497
August 11, 2021	26,924	—	26,924	26,924	—	—
December 8, 2021	48,951	—	48,951	48,951	—	—
April 18, 2022	—	428,899	428,899	75,721	316,601	36,577
December 15, 2022	73,683	—	73,683	—	73,683	—
April 11, 2023	—	413,536	413,536	—	413,536	—
April 21, 2023	—	237,719	237,719	—	237,719	—
April 28, 2023	—	20,427	20,427	—	20,427	—

Total	339,438	1,893,934	2,233,372	896,139	1,240,292	96,941

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

Jun. 30, 2023

Dec. 31, 2022

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

Notes payable

$ 168,557

$ 172,230

Subordinated debt

25,706

25,025

Financial liabilities total

194,263

197,255

Level 3 [Member]

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

Notes payable

168,557

172,230

Subordinated debt

25,706

25,025

Financial liabilities total

194,263

197,255

Carrying Value [Member]

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

Notes payable

^[1]

184,927

186,387

Subordinated debt

^[1]

28,877

29,246

Financial liabilities total

^[1]

$ 213,804

$ 215,633

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

Other Liabilities (Summary Of Other Liabilities Including Pension) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Liabilities [Abstract]
Accrued pension	$ 684	$ 684
Security deposit payable	111	68
Finance lease liabilities	11	28
Other	33	33
Other current liabilities	839	813
Lease make-good provision	6,054	6,131
Accrued pension	2,952	3,138
Deferred rent liability	2,057	2,484
Environmental reserve	1,656	1,656
Lease liability	5,900	5,900
Acquired leases	8	11
Other non-current liabilities	$ 18,627	$ 19,320

Stock-Based Compensation And Stock Repurchases

6 Months Ended

Jun. 30, 2023

Share-Based Compensation and Stock Repurchases [Abstract]

Stock-Based Compensation and Stock Repurchases

Note 17 – Stock-Based Compensation and Stock Repurchases

Employee and Director Stock Incentive 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 number of permitted authorized shares for issuance was 1,250,000 (the “2020 Authorized Amount”). Added to the 2020 Authorized Amount would be any awards outstanding under the 2010 Plan and 2020 Plan that were subsequently forfeited (for instance, through a then outstanding out of the money option) or if the related shares are repurchased, a corresponding number of shares would automatically become available for issuance under the 2020 Plan, thus resulting in a potential increase from the 2020 Authorized Amount available for issuance under 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. At June 30, 2023, there were 278,193 shares available for issuance under the 2020 Plan, which includes shares from the 2010 Plan that become available for issuance due to the forfeiture of then outstanding out of the money stock options.

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. As discussed further below, a performance component has been added to certain of the RSUs granted to management. 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, 2023.

For the quarters ended June 30, 2023, and 2022, we recorded compensation expense of $9,000 and $53,000, respectively. For the six months ended June 30, 2023, and 2022, we recorded $18,000 and $106,000, respectively, with respect to our prior stock option grants. At June 30, 2023, the total unrecognized estimated compensation expense related to non-vested stock options was $18,000, which we expect to recognize over a weighted average vesting period of 0.50 years. The intrinsic, unrealized value of all options outstanding vested and expected to vest, at June 30, 2023, was $nil, as the closing price of our Common Stock on that date was $2.65.

The following table summarizes the number of options outstanding and exercisable as of June 30, 2023, and December 31, 2022:



	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, 2021	517,344	$	15.42	1.66	$	—
Granted	—		—	—		—
Exercised	—		—	—		—
Forfeited	(189,846)		14.63	—		—
Balance - December 31, 2022	327,498	$	15.87	1.24	$	—
Granted	—		—	—		—
Exercised	—		—	—		—
Forfeited	(122,376)		—	—		—
Balance - June 30, 2023	205,122	$	15.82	0.88	$	—

Restricted Stock Units

The following table summarizes the status of RSUs granted to date as of June 30, 2023:



	Outstanding Restricted Stock Units
	RSU Grants (in units)			Vested,	Unvested,	Forfeited,
Grant Date	Directors	Management	Total ‎Grants	June 30, ‎2023	June 30, ‎2023	June 30, ‎2023

Opening balance	189,880	507,635	697,515	642,908	18,758	35,849

April 5, 2021	—	262,830	262,830	90,804	149,008	23,018
April 19, 2021	—	22,888	22,888	10,831	10,560	1,497
August 11, 2021	26,924	—	26,924	26,924	—	—
December 8, 2021	48,951	—	48,951	48,951	—	—
April 18, 2022	—	428,899	428,899	75,721	316,601	36,577
December 15, 2022	73,683	—	73,683	—	73,683	—
April 11, 2023	—	413,536	413,536	—	413,536	—
April 21, 2023	—	237,719	237,719	—	237,719	—
April 28, 2023	—	20,427	20,427	—	20,427	—

Total	339,438	1,893,934	2,233,372	896,139	1,240,292	96,941

Time vested 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. From 2021 onwards, RSUs have two structures, which include time vesting and performance vesting. The majority of RSUs vest 75% evenly over a period of four years, with the remaining 25% contingent upon the achievement of certain performance metrics, vesting in full on the third anniversary of the date of the grant. In the case of our Chief Executive Officer, RSUs vest 50% evenly over a period of four years with the remaining 50%, contingent upon the achievement of certain performance metrics, vesting in full on the third anniversary of the grant date. On April 11 and April 21, 2023, the Board of Directors determined that our Company was not in a position to pay cash bonuses that would otherwise have been earned by certain members of management under our Company’s Incentive Compensation Plan for 2022, and authorized the issuance in lieu of such cash bonuses 85,139 RSUs, vesting on April 11, 2024 and 52,350 RSUs, vesting on April 21, 2024.

RSUs issued to non-employee directors vest 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 has served such Recipient’s full term as a Director.

For the quarters ended June 30, 2023, and 2022, we recorded compensation expense of $299,000 and $413,000, respectively. For the six months ended June 30, 2023, and 2022, we recorded compensation expense of $733,000 and $775,000, respectively. The total unrecognized compensation expense related to the non-vested RSUs was $4.7 million as of June 30, 2023, which we expect to recognize over a weighted average vesting period of 1.55 years.

Stock Repurchase Program

On March 10, 2020, our Board of Directors authorized a $25.0 million increase to our 2017 stock repurchase program, bringing our total authorized repurchase amount remaining to $26.0 million, and extended the program to March 2, 2024. Through June 30, 2023, we have repurchased 1,792,819 shares of Class A Common Stock at an average price of $13.39 per share (excluding transaction costs). 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.

Non-controlling Interests (Components Of Income Attributable To Non-controlling Interest) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	$ (83)	$ (7)	$ (296)	$ (105)
Australian Country Cinemas, Pty Ltd [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	25	72	35	62
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries				(1)
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	$ (108)	$ (79)	$ (331)	$ (166)

Property And Equipment

6 Months Ended

Jun. 30, 2023

Property And Equipment [Abstract]

Property And Equipment

Note 6 – Property and Equipment

Operating Property, net

Property associated with our operating activities as at June 30, 2023 and December 31, 2022, is summarized as follows:



	June 30,		December 31,
(Dollars in thousands)	2023		2022
Land	$	60,391	$	67,392
Building and improvements		206,380		213,226
Leasehold improvements		60,484		64,230
Fixtures and equipment		190,714		194,753
Construction-in-progress		6,116		6,839
Total cost		524,085		546,440
Less: accumulated depreciation		(256,527)		(259,488)
Operating property, net	$	267,558	$	286,952

Depreciation expense for operating property was $4.7 million and $9.3 million for the quarter and six months ended June 30, 2023, respectively, and $5.3 million and $10.6 million for the quarter and six months ended June 30, 2022, respectively.

Investment and Development Property, net

Our investment and development property as of June 30, 2023 and December 31, 2022, is summarized below:



	June 30,		December 31,
(Dollars in thousands)	2023		2022
Land	$	3,730	$	3,857
Construction-in-progress (including capitalized interest)		4,772		4,935
Investment and development property	$	8,502	$	8,792

Construction-in-Progress – Operating and Investment 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, 2023 are shown below:



(Dollars in thousands)	Balance, ‎December 31, ‎2022		Additions during the period		Completed ‎during the ‎period		Foreign ‎currency ‎translation		Balance, ‎June 30, ‎2023
Courtenay Central development		6,380		—		—		(211)		6,169
Cinema developments and improvements		2,990		1,121		(567)		(31)		3,513
Other real estate projects		2,404		1,032		(2,222)		(8)		1,206
Total	$	11,774	$	2,153	$	(2,789)	$	(250)	$	10,888

Disposal Groups Held for Sale

Culver City, Los Angeles

In May 2023, we classified our Culver City administrative building, commonly known as 5995 Sepulveda Bldv, as held for sale. Our book value (as opposed to fair value) of the property is $11.2 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 disposal group consists of land, a building and various leasehold improvements. We expect to complete the sale within 12 months. The property is currently incumbered with an $8.5 million first mortgage which will be due on sale. We have retained Newmarket as our exclusive agent for the marketing of this property.

2483 Trenton Avenue, Williamsport, Pennsylvania

In June 2023, we classified our 26.6 acre property at 2483 Trenton Avenue, Williamsport, Pennsylvania, as held for sale at the lower of cost and fair value less costs to sell. The current book value (as opposed to fair value) of the property is $460,000. The property is part of our historic railroad operations, consisting of land and an 18,000 square foot industrial building. No adjustments to the book value of the assets contained within this disposal group were required. We expect to complete the sale within 12 months. The property is unencumbered. We have retained CBRE as our exclusive agent for the marketing of this property.

Consolidated Statements Of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Consolidated Statements Of Income - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue
Total revenue	$ 65,055	$ 64,511	$ 110,861	$ 104,712
Costs and expenses
Depreciation and amortization	(4,689)	(5,247)	(9,329)	(10,771)
Impairment expense		(1,549)		(1,549)
General and administrative	(5,109)	(6,312)	(10,288)	(12,107)
Total costs and expenses	(63,266)	(66,083)	(116,955)	(118,061)
Operating income (loss)	1,789	(1,572)	(6,094)	(13,349)
Interest expense, net	(4,874)	(3,343)	(8,991)	(6,548)
Other income (expense)	(86)	3,773	91	2,990
Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures	(3,171)	(1,142)	(14,994)	(16,907)
Equity earnings of unconsolidated joint ventures	207	237	226	172
Income (loss) before income taxes	(2,964)	(905)	(14,768)	(16,735)
Income tax benefit (expense)	103	(1,538)	583	(1,160)
Net income (loss)	(2,861)	(2,443)	(14,185)	(17,895)
Less: net income (loss) attributable to noncontrolling interests	(83)	(7)	(296)	(105)
Net income (loss) attributable to Reading International, Inc.	$ (2,778)	$ (2,436)	$ (13,889)	$ (17,790)
Basic earnings (loss) per share	$ (0.12)	$ (0.11)	$ (0.63)	$ (0.81)
Diluted earnings (loss) per share	$ (0.12)	$ (0.11)	$ (0.63)	$ (0.81)
Weighted average number of shares outstanding-basic	22,262,214	22,040,512	22,183,618	21,995,186
Weighted average number of shares outstanding-diluted	23,502,506	22,952,960	23,423,910	22,907,634
Cinema [Member]
Revenue
Total revenue	$ 61,056	$ 61,770	$ 103,042	$ 99,117
Costs and expenses
Costs and expenses	(51,364)	(50,769)	(93,019)	(89,271)
Real Estate [Member]
Revenue
Total revenue	3,999	2,741	7,819	5,595
Costs and expenses
Costs and expenses	$ (2,104)	$ (2,206)	$ (4,319)	$ (4,363)

Hedge Accounting (Tables)

6 Months Ended

Jun. 30, 2023

Hedge Accounting [Abstract]

Schedule Of Derivative Instruments On The Balance Sheet At Fair Value


	Asset Derivatives
	June 30,			December 31,
	2023			2022
(Dollars in thousands)	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate contracts	Derivative financial instruments - current portion	$	64	Derivative financial instruments - current portion	$	907
	Derivative financial instruments - non-current portion		—	Derivative financial instruments - non-current portion		—
Total derivatives designated as hedging instruments		$	64		$	907
Total derivatives		$	64		$	907

Schedule Of Changes in Fair value


(Dollars in thousands)	Location of Loss Recognized in Income on Derivatives	Amount of Loss (Gain) Recognized in Income on Derivatives
		Quarter Ended June 30				Six Months Ended June 30
			2023		2022		2023		2022
Interest rate contracts	Interest expense	$	(19)	$	(19)	$	(786)	$	49
Total		$	(19)	$	(19)	$	(786)	$	49

Summary Of Hedged Transactions That Affect Earnings


	Loss (Gain) Recognized in OCI on Derivatives (Effective Portion)
(Dollars in thousands)	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2023		2022		2023		2022
Interest rate contracts	$	(16)	$	(414)	$	2	$	(1,145)
Total	$	(16)	$	(414)	$	2	$	(1,145)

	Loss (Gain) Reclassified from OCI into Income (Effective Portion)
Line Item	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2023		2022		2023		2022
Interest expense	$	(220)	$	(19)	$	(785)	$	49
Total	$	(220)	$	(19)	$	(785)	$	49

Borrowings (Australian NAB Corporate Term Loan (AU)) (Narrative) (Details) - AUD ($)		1 Months Ended	6 Months Ended
	Mar. 15, 2019	Dec. 31, 2020	Jun. 30, 2023
Australian NAB Corporate Loan Facility Tier 3 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 100,000,000.0
Spread on variable interest rate			1.75%
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	$ 60,000,000.0
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

Hedge Accounting

6 Months Ended

Jun. 30, 2023

Hedge Accounting [Abstract]

Hedge Accounting

Note 18 – Hedge Accounting

As of June 30, 2023, our Company held interest rate derivatives in the total nominal amount of $8.0 million. As of December 31, 2022, our Company held interest rate derivatives in the total notional amount of $51.0 million.

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


	Asset Derivatives
	June 30,			December 31,
	2023			2022
(Dollars in thousands)	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate contracts	Derivative financial instruments - current portion	$	64	Derivative financial instruments - current portion	$	907
	Derivative financial instruments - non-current portion		—	Derivative financial instruments - non-current portion		—
Total derivatives designated as hedging instruments		$	64		$	907
Total derivatives		$	64		$	907

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 June 30, 2023 and June 30, 2022, respectively, the derivative instruments affected Comprehensive Income as follows:


(Dollars in thousands)	Location of Loss Recognized in Income on Derivatives	Amount of Loss (Gain) Recognized in Income on Derivatives
		Quarter Ended June 30				Six Months Ended June 30
			2023		2022		2023		2022
Interest rate contracts	Interest expense	$	(19)	$	(19)	$	(786)	$	49
Total		$	(19)	$	(19)	$	(786)	$	49


	Loss (Gain) Recognized in OCI on Derivatives (Effective Portion)
(Dollars in thousands)	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2023		2022		2023		2022
Interest rate contracts	$	(16)	$	(414)	$	2	$	(1,145)
Total	$	(16)	$	(414)	$	2	$	(1,145)

	Loss (Gain) Reclassified from OCI into Income (Effective Portion)
Line Item	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2023		2022		2023		2022
Interest expense	$	(220)	$	(19)	$	(785)	$	49
Total	$	(220)	$	(19)	$	(785)	$	49

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

Earnings Per Share (Narrative) (Details) - shares	6 Months Ended
Earnings Per Share (Narrative) (Details) - shares	Jun. 30, 2023	Jun. 30, 2022
Class A [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares repurchased plan, shares	0	0

Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023	$	(697)	$	(18)	$	(1,822)	$	580	$	(1,957)

Change related to derivatives
Total change in hedge fair value recorded in Other Comprehensive Income		—		—		—		(2)		(2)
Amounts reclassified from accumulated other comprehensive income		—		—		—		(786)		(786)
Net change related to derivatives		—		—		—		(788)		(788)

Net current-period other comprehensive income (loss)		(1,352)		4		103		(788)		(2,033)
Balance at June 30, 2023	$	(2,049)	$	(14)	$	(1,719)	$	(208)	$	(3,990)

Non-controlling Interests (Tables)

6 Months Ended

Jun. 30, 2023

Non-controlling Interests [Abstract]

Components Of Non-controlling Interests



	June 30,		December 31,
(Dollars in thousands)	2023		2022
Australian Country Cinemas, Pty Ltd	$	59	$	26
Shadow View Land and Farming, LLC		(3)		(3)
Sutton Hill Properties, LLC		69		400
Noncontrolling interests in consolidated subsidiaries	$	125	$	423

Components Of Income Attributable To Non-controlling Interest



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2023		2022		2023		2022
Australian Country Cinemas, Pty Ltd	$	25	$	72	$	35	$	62
Shadow View Land and Farming, LLC		—		—		—		(1)
Sutton Hill Properties, LLC		(108)		(79)		(331)		(166)
Net income (loss) attributable to noncontrolling interests	$	(83)	$	(7)	$	(296)	$	(105)

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


	Common Stock								Retained				Accumulated		Reading
	Class A	Class A		Class B	Class B		Additional		Earnings				Other		International Inc.				Total
	Non-Voting	Par		Voting	Par		Paid-In		(Accumulated		Treasury		Comprehensive		Stockholders’		Noncontrolling		Stockholders’
(Dollars in thousands, except shares)	Shares	Value		Shares	Value		Capital		Deficit)		Shares		Income (Loss)		Equity		Interests		Equity
At January 1, 2023	20,410	$	235	1,680	$	17	$	153,784	$	(48,816)	$	(40,407)	$	(1,957)	$	62,856	$	423	$	63,279
Net income (loss)	—		—	—		—		—		(11,111)		—		—		(11,111)		(213)		(11,324)
Other comprehensive income, net	—		—	—		—		—		—		—		(1,293)		(1,293)		(1)		(1,294)
Share-based compensation expense	—		—	—		—		443		—		—		—		443		—		443
Restricted Stock Units	89		—	—		—		(132)		—		—		—		(132)		—		(132)
At March 31, 2023	20,499	$	235	1,680	$	17	$	154,095	$	(59,927)	$	(40,407)	$	(3,250)	$	50,763	$	209	$	50,972
Net income	—		—	—		—		—		(2,778)		—		—		(2,778)		(83)		(2,861)
Other comprehensive income, net	—		—	—		—		—		—		—		(740)		(740)		(1)		(741)
Share-based compensation expense	—		—	—		—		308		—		—		—		308		—		308
Restricted Stock Units	92		1	—		—		(113)		—		—		—		(112)		—		(112)
At June 30, 2023	20,591	$	236	1,680	$	17		154,290	$	(62,705)	$	(40,407)	$	(3,990)	$	47,441	$	125	$	47,566


	Common Stock								Retained				Accumulated		Reading
	Class A	Class A		Class B	Class B		Additional		Earnings				Other		International Inc.				Total
	Non-Voting	Par		Voting	Par		Paid-In		(Accumulated		Treasury		Comprehensive		Stockholders’		Noncontrolling		Stockholders’
(Dollars in thousands, except shares)	Shares	Value		Shares	Value		Capital		Deficit)		Shares		Income (Loss)		Equity		Interests		Equity
At January 1, 2022	20,260	$	233	1,680	$	17	$	151,981	$	(12,632)	$	(40,407)	$	4,882	$	104,074	$	986	$	105,060
Net income (loss)	—		—	—		—		—		(15,354)		—		—		(15,354)		(99)		(15,453)
Other comprehensive income, net	—		—	—		—		—		—		—		3,524		3,524		1		3,525
Share-based compensation expense	—		—	—		—		415		—		—		—		415		—		415
Restricted Stock Units	52		1	—		—		(32)		—		—		—		(31)		—		(31)
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		(22)		(22)
At March 31, 2022	20,312	$	234	1,680	$	17	$	152,364	$	(27,986)	$	(40,407)	$	8,406	$	92,628	$	866	$	93,494
Net income	—		—	—		—		—		(2,436)		—		—		(2,436)		(7)		(2,443)
Other comprehensive income, net	—		—	—		—		—		—		—		(9,218)		(9,218)		1		(9,217)
Share-based compensation expense	—		—	—		—		466		—		—		—		466		—		466
Restricted Stock Units	49		—	—		—		(52)		—		—		—		(52)		—		(52)
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		(21)		(21)
At June 30, 2022	20,361	$	234	1,680	$	17	$	152,778	$	(30,422)	$	(40,407)	$	(812)	$	81,388	$	839	$	82,227

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

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)	2023		2022		2023		2022
Numerator:
Net income (loss) attributable to Reading International, Inc.	$	(2,778)		(2,436)	$	(13,889)	$	(17,790)
Denominator:
Weighted average number of common stock – basic		22,262,214		22,040,512		22,183,618		21,995,186
Weighted average dilutive impact of awards		1,240,292		912,448		1,240,292		912,448
Weighted average number of common stock – diluted		23,502,506		22,952,960		23,423,910		22,907,634
Basic earnings (loss) per share	$	(0.12)		(0.11)	$	(0.63)	$	(0.81)
Diluted earnings (loss) per share	$	(0.12)		(0.11)	$	(0.63)	$	(0.81)
Awards excluded from diluted earnings (loss) per share		205,122		912,448		205,122		912,448

Goodwill And Intangible Assets (Summary Of Goodwill) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill [Line Items]
Beginning balance	$ 25,504
Foreign currency translation adjustment	(456)
Ending balance	25,048
Cinema [Member]
Goodwill [Line Items]
Beginning balance	20,280
Foreign currency translation adjustment	(456)
Ending balance	19,824
Real Estate [Member]
Goodwill [Line Items]
Beginning balance	5,224
Ending balance	$ 5,224

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Summary Of Significant Accounting Policies (Policy)	6 Months Ended
Summary Of Significant Accounting Policies (Policy)	Jun. 30, 2023
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, 2022 (“2022 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, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023.
Use Of Estimates	Use of EstimatesThe 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, and (v) 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

Investments In Unconsolidated Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2023

Investments In Unconsolidated Joint Ventures [Abstract]

Summary Of The Investments In Unconsolidated Joint Ventures And Entities



		June 30,		December 31,
(Dollars in thousands)	Interest	2023		2022
Rialto Cinemas	50.0%	$	852	$	920
Mt. Gravatt	33.3%		3,686		3,836
Total investments		$	4,538	$	4,756

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



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2023		2022		2023		2022
Rialto Cinemas	$	1	$	33	$	(39)	$	(52)
Mt. Gravatt		206		204		265		224
Total equity earnings	$	207	$	237	$	226	$	172

Borrowings (Union Square Construction Financing) (Narrative) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Emerald Creek Capital [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 55.0
Interest rate	12.06%
Union Square Construction Financing [Member]
Debt Instrument [Line Items]
Line of credit facility, term	3 years
Floor Rate [Member] \| Emerald Creek Capital [Member]
Debt Instrument [Line Items]
Spread on variable rate	7.00%
London Interbank Offered Rate (LIBOR) [Member] \| Emerald Creek Capital [Member]
Debt Instrument [Line Items]
Spread on variable rate	6.90%

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 15,511	$ 29,947
Restricted cash	6,330	5,032
Receivables	5,447	6,206
Inventories	1,522	1,616
Derivative financial instruments - current portion	64	907
Prepaid and other current assets	5,725	3,804
Land and property held for sale	11,656
Total current assets	46,255	47,512
Operating property, net	267,558	286,952
Operating lease right-of-use assets	189,008	200,417
Investment and development property, net	8,502	8,792
Investment in unconsolidated joint ventures	4,538	4,756
Goodwill	25,048	25,504
Intangible assets, net	2,197	2,391
Deferred tax asset, net	456	447
Other assets	8,680	10,284
Total assets	552,242	587,055
Current Liabilities:
Accounts payable and accrued liabilities	39,435	42,590
Film rent payable	5,609	5,678
Debt – current portion	47,259	37,279
Subordinated debt - current portion	766	747
Taxes payable - current	1,797	300
Deferred revenue	8,766	10,286
Operating lease liabilities - current portion	23,732	23,971
Other current liabilities	839	813
Total current liabilities	128,203	121,664
Debt – long-term portion	136,993	148,688
Subordinated debt, net	27,061	26,950
Noncurrent tax liabilities	5,776	7,117
Operating lease liabilities - non-current portion	188,016	200,037
Other liabilities	18,627	19,320
Total liabilities	504,676	523,776
Commitments and contingencies (Note 15)
Stockholders' equity:
Nonvoting preferred shares, par value $0.01, 12,000 shares authorized and no issued or outstanding shares at June 30, 2023 and December 31, 2022
Additional paid-in capital	154,290	153,784
Retained earnings/(deficits)	(62,705)	(48,816)
Treasury shares	(40,407)	(40,407)
Accumulated other comprehensive income	(3,990)	(1,957)
Total Reading International, Inc. stockholders' equity	47,441	62,856
Noncontrolling Interests	125	423
Total stockholders' equity	47,566	63,279
Total Liabilities and Stockholders’ Equity	552,242	587,055
Class A [Member]
Stockholders' equity:
Common stock	236	235
Class B [Member]
Stockholders' equity:
Common stock	$ 17	$ 17

Leases

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Leases

Note 7 – 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 25 years, with certain leases having options to extend to up to a further 20 years. 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.

The components of lease expense were as follows:


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2023		2022		2023		2022
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	8	$	11	$	15	$	23
Interest on lease liabilities		—		1		1		2
Operating lease cost		8,226		8,405		16,408		16,809
Variable lease cost		399		218		669		119
Total lease cost	$	8,633	$	8,635	$	17,093	$	16,953

Supplemental cash flow information related to leases is as follows:


	Six Months Ended
	June 30,
(Dollars in thousands)	2023		2022
Cash flows relating to lease cost
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	17	$	25
Operating cash flows for operating leases		16,849		17,801
Right-of-use assets obtained in exchange for new operating lease liabilities		1,633		66

Supplemental balance sheet information related to leases is as follows:


	June 30,		December 31,
(Dollars in thousands)	2023		2022
Operating leases
Operating lease right-of-use assets	$	189,008	$	200,417
Operating lease liabilities - current portion		23,732		23,971
Operating lease liabilities - non-current portion		188,016		200,037
Total operating lease liabilities	$	211,748	$	224,008
Finance leases
Property plant and equipment, gross		360		363
Accumulated depreciation		(350)		(338)
Property plant and equipment, net	$	10	$	25
Other current liabilities		11		28
Total finance lease liabilities	$	11	$	28

Other information
Weighted-average remaining lease term - finance leases		0		1
Weighted-average remaining lease term - operating leases		11		11
Weighted-average discount rate - finance leases		5.21%		5.21%
Weighted-average discount rate - operating leases		4.55%		4.55%

The maturities of our leases were as follows:


(Dollars in thousands)	Operating ‎leases		Finance ‎leases
2023	$	16,693	$	11
2024		31,556		—
2025		29,526		—
2026		27,619		—
2027		25,287		—
Thereafter		141,751		—
Total lease payments	$	272,432	$	11
Less imputed interest		(60,684)		—
Total	$	211,748	$	11

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.

Lease income relating to operating lease payments was as follows:


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2023		2022		2023		2022
Components of lease income
Lease payments	$	2,765		2,034	$	5,392	$	4,104
Variable lease payments		176		141		393		273
Total lease income	$	2,941	$	2,175	$	5,786	$	4,377

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


	June 30,		December 31,
(Dollars in thousands)	2023		2022
Building and improvements
Gross balance	$	126,690	$	136,749
Accumulated depreciation		(21,026)		(26,148)
Net Book Value	$	105,664	$	110,601

The Maturity of our leases were as follows:


(Dollars in thousands)	Operating ‎leases
2023	$	5,238
2024		9,897
2025		9,493
2026		7,939
2027		6,759
Thereafter		28,010
Total	$	67,336

Properties And Equipment (Schedule Of Property And Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total cost	$ 524,085	$ 546,440
Less: accumulated depreciation	(256,527)	(259,488)
Operating property, net	267,558	286,952
Land [Member]
Property, Plant and Equipment [Line Items]
Total cost	60,391	67,392
Building And Improvements [Member]
Property, Plant and Equipment [Line Items]
Total cost	206,380	213,226
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total cost	60,484	64,230
Fixtures And Equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost	190,714	194,753
Construction-In-Progress [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 6,116	$ 6,839

Leases (Supplemental Balance Sheet Information Related To Leases) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease right-of-use assets	$ 189,008	$ 200,417
Operating lease liabilities - current portion	23,732	23,971
Operating lease liabilities - non-current portion	188,016	200,037
Total operating lease liabilities	211,748	224,008
Property plant and equipment, gross	360	363
Accumulated depreciation	(350)	(338)
Property plant and equipment, net	10	25
Other current liabilities	11	28
Total finance lease liabilities	$ 11	$ 28
Weighted-average remaining lease term - finance leases	0 years	1 year
Weighted-average remaining lease term - operating leases	11 years	11 years
Weighted-average discount rate - finance leases	5.21%	5.21%
Weighted-average discount rate - operating leases	4.55%	4.55%

Investments In Unconsolidated Joint Ventures (Narrative) (Details) - item	Jun. 30, 2023	Dec. 31, 2022
Investments In Unconsolidated Joint Ventures [Abstract]
Number of joint venture investments	2	2

Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2023

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note 14 – 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, 2023	$	(697)	$	(18)	$	(1,822)	$	580	$	(1,957)

Change related to derivatives
Total change in hedge fair value recorded in Other Comprehensive Income		—		—		—		(2)		(2)
Amounts reclassified from accumulated other comprehensive income		—		—		—		(786)		(786)
Net change related to derivatives		—		—		—		(788)		(788)

Net current-period other comprehensive income (loss)		(1,352)		4		103		(788)		(2,033)
Balance at June 30, 2023	$	(2,049)	$	(14)	$	(1,719)	$	(208)	$	(3,990)

Goodwill And Intangible Assets (Narrative) (Details)	6 Months Ended
Goodwill And Intangible Assets (Narrative) (Details)	Jun. 30, 2023
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

Impact Of COVID-19 Pandemic And The Writers And Actors Strike On Operations And Liquidity (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Oct. 03, 2023	Jun. 30, 2023	Dec. 31, 2022
Impact Of Covid [Line Items]
Debt, Current				$ 48,500
Cash and cash equivalents	$ 49,905	$ 49,905		15,511	$ 29,947
Working capital				81,900
Impairment charges against sites	$ 1,500	$ 1,549
Scenario, Forecast [Member]
Impact Of Covid [Line Items]
Debt Current, Due At Date			$ 22,200
Westpac Bank Corporate Credit Facility [Member]
Impact Of Covid [Line Items]
Debt, Current				8,500
Santander Bank [Member]
Impact Of Covid [Line Items]
Debt, Current				$ 8,000

Borrowings (Westpac Bank Corporate Credit Facility (NZ)) (Narrative) (Details) $ in Thousands, $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2023 NZD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Contractual facility		$ 222,649	$ 227,633
Westpac Bank Corporate Credit Facility [Member]
Debt Instrument [Line Items]
Contractual facility	$ 13.8	$ 8,488	$ 8,777
Maturity date	Jan. 01, 2024	Jan. 01, 2024	Jan. 01, 2024
Interest rate	2.40%	2.40%
Westpac Bank Corporate Credit Facility [Member] \| Bank Bill Swap Bid Rate [Member]
Debt Instrument [Line Items]
Interest rate	1.65%	1.65%

Description Of Business And Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

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)	2023		2022		2023		2022
Revenue:
Cinema exhibition	$	61,056	$	61,770	$	103,042	$	99,117
Real estate		5,217		4,032		10,282		8,195
Inter-segment elimination		(1,218)		(1,291)		(2,463)		(2,600)
	$	65,055	$	64,511	$	110,861	$	104,712
Segment operating income (loss):
Cinema exhibition	$	4,474	$	3,452	$	(141)	$	(3,765)
Real estate		1,286		(88)		2,291		21
	$	5,760	$	3,364	$	2,150	$	(3,744)

Reconciliation To Net Income Attributable To Common Shareholders



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2023		2022		2023		2022
Segment operating income (loss)	$	5,760	$	3,364	$	2,150	$	(3,744)
Unallocated corporate expense
Depreciation and amortization expense		(176)		(268)		(355)		(546)
General and administrative expense		(3,794)		(4,668)		(7,889)		(9,059)
Interest expense, net		(4,875)		(3,343)		(8,991)		(6,548)
Equity earnings of unconsolidated joint ventures		207		237		226		172
Other income (expense)		(86)		3,773		91		2,990
Income (loss) before income tax expense	$	(2,964)	$	(905)	$	(14,768)	$	(16,735)

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 65,055	$ 64,511	$ 110,861	$ 104,712
Segment operating income (loss)	1,789	(1,572)	(6,094)	(13,349)
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	65,055	64,511	110,861	104,712
Segment operating income (loss)	5,760	3,364	2,150	(3,744)
Intersegment Eliminations [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	(1,218)	(1,291)	(2,463)	(2,600)
Cinema Exhibition [Member] \| Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	61,056	61,770	103,042	99,117
Segment operating income (loss)	4,474	3,452	(141)	(3,765)
Real Estate [Member] \| Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	5,217	4,032	10,282	8,195
Segment operating income (loss)	$ 1,286	$ (88)	$ 2,291	$ 21

- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=123596393&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 19: 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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: 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 https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 22: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 23: 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 https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

Investments In Unconsolidated Joint Ventures

6 Months Ended

Jun. 30, 2023

Investments In Unconsolidated Joint Ventures [Abstract]

Investments In Unconsolidated Joint Ventures

Note 9 – 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, 2023, and December 31, 2022:



		June 30,		December 31,
(Dollars in thousands)	Interest	2023		2022
Rialto Cinemas	50.0%	$	852	$	920
Mt. Gravatt	33.3%		3,686		3,836
Total investments		$	4,538	$	4,756

For the quarter and six months ended June 30, 2023 and 2022, 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)	2023		2022		2023		2022
Rialto Cinemas	$	1	$	33	$	(39)	$	(52)
Mt. Gravatt		206		204		265		224
Total equity earnings	$	207	$	237	$	226	$	172

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Segment operating income (loss)	$ 1,789	$ (1,572)	$ (6,094)	$ (13,349)
Depreciation and amortization expense	(4,689)	(5,247)	(9,329)	(10,771)
General and administrative expense	(5,109)	(6,312)	(10,288)	(12,107)
Equity earnings of unconsolidated joint ventures	207	237	226	172
Other income (expense)	(86)	3,773	91	2,990
Income (loss) before income taxes	(2,964)	(905)	(14,768)	(16,735)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Segment operating income (loss)	5,760	3,364	2,150	(3,744)
Unallocated Corporate Expense [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expense	(176)	(268)	(355)	(546)
General and administrative expense	(3,794)	(4,668)	(7,889)	(9,059)
Interest expense, net	$ (4,875)	$ (3,343)	$ (8,991)	$ (6,548)

Borrowings (Tables)

6 Months Ended

Jun. 30, 2023

Borrowings [Abstract]

Summary Of Borrowings



	As of June 30, 2023
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, ‎Net⁽¹⁾		Stated ‎Interest Rate	Effective ‎Interest ‎Rate
Denominated in USD
Trust Preferred Securities (US)	April 30, 2027	$	27,913	$	27,913	$	27,061	9.30%	9.30%
Bank of America Credit Facility (US)	September 4, 2024		24,550		24,550		24,404	10.75%	10.75%
Cinemas 1, 2, 3 Term Loan (US)	October 3, 2023		22,232		22,232		22,177	6.63%	6.63%
Minetta & Orpheum Theatres Loan (US)⁽²⁾	November 1, 2023		8,000		8,000		7,990	6.00%	5.15%
U.S. Corporate Office Term Loan (US)	January 1, 2027		8,539		8,539		8,486	4.64% / 4.44%	4.61%
Union Square Financing (US)	May 6, 2024		55,000		46,155		45,593	12.06%	12.06%
Purchase Money Promissory Note (US)	September 18, 2024		964		964		964	5.00%	5.00%
Denominated in foreign currency ("FC") ⁽³⁾
NAB Corporate Term Loan (AU) (4)	June 30, 2024		66,963		66,963		66,916	5.64%	5.64%
Westpac Bank Corporate (NZ)	January 1, 2024		8,488		8,488		8,488	8.20%	8.20%
		$	222,649	$	213,804	$	212,079

(1)Net of deferred financing costs amounting to $1.7 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, 2023.

(4)This financing arrangement was extended after June 30, 2023.



	As of December 31, 2022
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, ‎Net⁽¹⁾		Stated ‎Interest ‎Rate	Effective ‎Interest ‎Rate
Denominated in USD
Trust Preferred Securities (US)	April 30, 2027	$	27,913	$	27,913	$	26,950	8.41%	8.41%
Bank of America Credit Facility (US)(5)	March 1, 2024		26,750		26,750		26,663	10.00%	10.00%
Cinemas 1, 2, 3 Term Loan (US)(5)	April 1, 2023		22,455		22,455		22,208	6.63%	6.63%
Minetta & Orpheum Theatres Loan (US)(2)	November 1, 2023		8,000		8,000		7,974	7.12%	6.00%
U.S. Corporate Office Term Loan (US)	January 1, 2027		8,674		8,674		8,613	4.64% / 4.44%	4.64%
Union Square Financing (US)⁽³⁾	May 6, 2024		55,000		43,000		42,484	11.25%	7.40%
Purchase Money Promissory Note (US)	September 18, 2024		1,333		1,333		1,333	5.00%	5.00%
Denominated in foreign currency ("FC")(4)
NAB Corporate Term Loan (AU)	June 30, 2024		68,731		68,731		68,662	4.82%	4.82%
Westpac Bank Corporate (NZ)	January 1, 2024		8,777		8,777		8,777	6.95%	6.95%
Total		$	227,633	$	215,633	$	213,664

(1)Net of deferred financing costs amounting to $2.0 million.

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

(3)The interest rate derivative associated with the Union Square loan provides for an effective fixed rate of 7.40%.

(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 December 31, 2022.

(5)This financing facility was extended after December 31, 2022.

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



	June 30,		December 31,
Balance Sheet Caption (Dollars in thousands)	2023		2022
Debt - current portion	$	47,259	$	37,279
Debt - long-term portion		136,993		148,688
Subordinated debt - current portion		766		747
Subordinated debt - long-term portion		27,061		26,950
Total borrowings	$	212,079	$	213,664

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69B
-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69E
-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644

+ Details

Impact Of COVID-19 Pandemic And The Writers And Actors Strike On Operations And Liquidity

6 Months Ended

Jun. 30, 2023

Impact Of COVID-19 Pandemic And The Writers And Actors Strike On Operations And Liquidity [Abstract]

Impact Of COVID-19 Pandemic And The Writers And Actors Strike On Operations And Liquidity

Note 3 – Impact of COVID-19 Pandemic and the Writers and Actors Strike on Operations and Liquidity

Cinema Segment Ongoing Impacts

With respect to the COVID-19 pandemic, the World Health Organization has declared that the COVID-19 emergency has passed. However, the legacy of COVID-19 continues to negatively impact the profitability of our cinema operating segment. The following factors, which are largely beyond our control, continue to impact the profitability of our global cinema segment compared to pre-pandemic levels:

(i)The number of movies released by the major Hollywood studios and other distributors, while increasing from pandemic levels, has not yet returned to pre-pandemic levels;

(ii)Inflationary pressures, ongoing supply chain issues and increased operating expenses arising post-pandemic;

(iii)Labor cost increases (resulting from a combination of government mandates and labor shortages);

(iv)Reserve banks in the U.S., Australia and New Zealand have increased interest rates causing our cost of borrowing to increase materially; and

(v)Increased fixed costs, such as third party cinema rents, some of which are increasing due to long ago negotiated fixed rent increases, which are exacerbated on a cash flow basis now by our need to also pay certain rent deferrals due to the periods when our operations were closed or restricted due to the COVID-19 pandemic.

Notwithstanding the above, our global cinema segment operating income has increased from the second quarter of 2022 and other pandemic periods. Movies leading the box office during this period included The Super Mario Bros. Movie, Guardians of the Galaxy Vol. 3, The Little Mermaid and Spider-Man: Across the Spider-Verse. At $4.47 million, the global cinema segment operating income reported in this Form 10Q is the highest reported since the fourth quarter of 2019. In addition, in July 2023, our global cinema segment reported the highest revenues for a July period since 2018 due to the enormous success of Barbie and Oppenheimer. Despite the fact that our industry has not fully returned to pre-COVID-19 pandemic levels, our industry is recovering.

In addition to the above factors impacting our global cinema business, we are also monitoring the two ongoing Hollywood union strikes (the “Hollywood Strikes”): (i) since May 2, 2023, the Writers Guild of America (“WGA”) and (ii) since July 14, 2023, the Screen Actors Guild - American Federation of Television and Radio Artists (“SAG-AFTRA”), have each been on strike against the Alliance of Motion Picture and Television Producers (“AMPTP”), which represents major Hollywood studios and streamers. As of today, the future movie release schedule for the global cinema industry for the remainder of 2023, 2024 and 2025 could potentially be impacted by the Hollywood Strikes because (i) production on nearly all AMPTP-associated film and television projects featuring WGA members and SAG-AFTRA talent have stopped while the Hollywood Strikes are ongoing and (ii) the full work-stoppage orders for SAG members also prohibits participation in promoting their SAG-AFTRA-certified work, past or present, including press tours, red carpets and festival appearances. Certain movies scheduled for the third and fourth quarter of 2023 have been postponed to later dates or are yet to be re-dated. The duration of the Hollywood Strikes will determine whether additional movies are re-scheduled and the impact to the future movie release schedule. Because the Hollywood Strikes impact the entire entertainment industry, in addition to the

direct parties to the negotiations, we believe that the Strikes should not extend past the fourth quarter 2023, noting that WGA and AMPTP resumed negotiating talks on Friday, August 11, 2023.

In light of the above factors impacting our global cinema segment, our Company continues its cost-reduction efforts in our cinema operating segment, including, but not limited to, restricting utilities and essential operating expenses to the minimum levels necessary, reducing employment costs by limiting hours of operation and/or shifts and increasing reliance on automation, and minimizing capital outlays. We continue to work with our landlords to manage our rent obligations. We have terminated cinema leases where their long-term profitability is in sufficient doubt.

Our Real Estate operating segment has been less impacted by the legacy impacts of the COVID-19 pandemic, with the exception of our assets associated with office space, such as 44 Union Square in New York City.

Going Concern

We continue to evaluate the going concern assertion required by ASC 205-40 Going Concern as it relates to our Company. The evaluation of the going concern assertion involves firstly considering whether it is probable that our Company has sufficient resources, as at the issue date of the financial statements, to meet its obligations as they fall due for twelve months following the issue date. Should it be probable that there are not sufficient resources, we must determine whether it is probable that our plans will mitigate the consequential going concern substantial doubt. Our evaluation is informed by current operating conditions (including the recent box office successes), liquidity positions, debt obligations, cash flow estimates, known capital and other expenditure requirements and commitments and our 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. As at December 31, 2022, in our Form 10-K, we reported that our plans were probable of being implemented and thus they alleviated the substantial doubt about our Company’s ability to continue as a going concern.

We have $48.5 million of debt maturing in the twelve months from the issue of this Form 10-Q. $22.2 million of this debt comes due on October 3, 2023. As at June 30, 2023, we have cash of $15.5 million and negative working capital of $81.9 million. To alleviate doubt that our Company will be able to generate sufficient cash flows for the coming twelve-months, these loans need to be refinanced, our revenues and net income need to improve, and/or funds need to be raised through asset monetization.

We believe that it is probable that these outstanding loans with current maturities will be extended on terms acceptable to us. The maturity date of our loan on the Cinemas 123 from Valley National Bank was extended from April 1, 2023, to July 3, 2023, then to October 3, 2023 to allow additional time to complete refinancing under a term sheet. We believe that we have sufficient time to address our Santander ($8.0 million) and our Westpac ($8.5 million) facilities, due in the fourth quarter of 2023 and the first quarter of 2024, respectively. We have extended our NAB facility to July 31, 2025. We have begun active processes to monetize certain assets as detailed in Note 6. Based on our successes in 2021, we believe these processes will be successful. As we monitor the cinema market conditions (such as improving box office and progression of the Hollywood Strike negotiations), we are also currently exploring the sale of other real estate assets to further enhance our liquidity conditions for the long-term future of the Company.

Notwithstanding some temporary release schedule impacts from the Hollywood Strikes, we believe that the global cinema industry will continue to recover in 2023 and into 2024 and 2025. This belief underpins our forecasts and cash flow projections. Our forecasts rely upon, among other things, the current industry movie release schedule, which demonstrates an increased number of movies from the major studios and other distributors and an improvement in the quality of the movie titles, and the public’s demonstrable desire to attend movies in a theatrical environment. These named factors are both out of management’s control and are material, individually and in aggregate, to the realization of management’s forecasts and expectations.

In conclusion, as of the date of issuance of these financial statements, based on our evaluation of ASC 205-40 Going Concern and the current conditions and events, considered in the aggregate, and our various plans for enhancing liquidity and the extent to which those plans are progressing, we conclude that our plans are probable of being implemented and that they alleviate the substantial doubt about our Company’s ability to continue as a going concern.

Impairment Considerations

Our Company considers that the events and factors described above constitute impairment indicators under ASC 360 Property, Plant and Equipment. In 2022, when considered necessary, our Company performed quantitative recoverability tests of the carrying values of all its asset groups. These tests compare the carrying values of all asset groups to the estimated undiscounted future cash flows expected to result from the use of those asset groups. As a result of this testing, we recorded $1.5 million of impairment charges against certain cinema asset groups in the second quarter of 2022. The charges related to cinemas whose performance had not improved commensurate with the wider group. No further impairment charges were recorded in the remainder of the year. No impairment charges were recorded in six months of 2023. 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 its aftermath, with government policy related to work-place regulation,

increasing interest rates, inflationary impacts and with ongoing theatrical release patterns and applicable film rent, and as a result, actual results may materially differ from management’s estimates.

Our Company also considers that the events and factors described above continue to constitute impairment indicators under ASC 350 Intangibles – Goodwill and Other. Our Company performed a quantitative goodwill impairment test and determined that our goodwill was not impaired as of December 31, 2022. 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. No additional triggering events were identified in the first six months of 2023, and therefore no goodwill impairment testing or charges were necessary. 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 its aftermath, with government policy related to work-place regulation, increasing interest rates, inflationary impacts and with ongoing theatrical release patterns and applicable film rent and as a result, actual results may materially differ from management’s estimates.

Commitments And Contingencies

6 Months Ended

Jun. 30, 2023

Commitments And Contingencies [Abstract]

Commitments And Contingencies

Note 15 – 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 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.

California Employment Litigation

This matter has been settled for a payout over time, the liability for which was fully accrued in 2021. On April 18, 2023, final judgement (the “Final Judgement”) was entered by the Superior Court of California on our settlement of 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.

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”). Under the terms of the Final Judgment, the Settlement Amount is to be paid as follows: (i) $1,351,000 which was paid on May 18, 2023, (ii) $1,351,000 on February 19, 2024, and (iii) the balance on December 2, 2024. We accrued the Settlement Amount in 2021 as a cinema segment administrative expense and the first payment has been made.

General Distributors Limited v. Reading Wellington Properties Arbitration

This arbitration has been settled for no-payment. On June 18, 2021, General Distributors 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. This matter was settled on August 26, 2022, pursuant to the parties’ written settlement agreement to the effect that the ATL has terminated and is at an end and that any and all rights or claims arising under or in respect of the ATL have lapsed or are, by such settlement, waived and abandoned, including any and all right or claims against any of our Company’s properties in Wellington, New Zealand. No amounts in settlement were paid by either party, and each party bore its own legal costs and expenses. The costs of the arbitrator were shared equally by the parties. The matter is now at an end.

Prepaid And Other Assets (Tables)

6 Months Ended

Jun. 30, 2023

Prepaid And Other Assets [Abstract]

Summary Of Prepaid And Other Assets



	June 30,		December 31,
(Dollars in thousands)	2023		2022
Prepaid and other current assets
Prepaid expenses	$	2,472	$	1,859
Prepaid taxes		1,155		1,687
Income taxes receivable		562		—
Prepaid rent		1,263		—
Deposits		242		233
Interest receivable		14		8
Investments in marketable securities		17		17
Total prepaid and other current assets	$	5,725	$	3,804
Other non-current assets
Other non-cinema and non-rental real estate assets		675		1,134
Investment in Reading International Trust I		838		838
Straight-line rent asset		7,160		8,302
Long-term deposits		7		10
Total other non-current assets	$	8,680	$	10,284

Goodwill And Intangible Assets (Summary Of Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	$ 75	$ 154	$ 144	$ 311
Beneficial Lease Amortization [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	21	22	43	44
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	$ 54	$ 132	$ 101	$ 267

Hedge Accounting (Schedule Of Derivative Instruments On The Balance Sheet At Fair Value) (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Derivative financial instruments - current portion	$ 64	$ 907
Derivative financial instruments - non-current portion
Total derivatives designated as hedging instruments	$ 64	$ 907

Other Liabilities

6 Months Ended

Jun. 30, 2023

Other Liabilities [Abstract]

Other Liabilities

Note 13 – Other Liabilities

Other liabilities are summarized as follows:



	June 30,		December 31,
(Dollars in thousands)	2023		2022
Current liabilities
Accrued pension		684		684
Security deposit payable		111		68
Finance lease liabilities		11		28
Other		33		33
Other current liabilities	$	839	$	813
Other liabilities
Lease make-good provision		6,054		6,131
Accrued pension		2,952		3,138
Deferred rent liability		2,057		2,484
Environmental reserve		1,656		1,656
Lease liability		5,900		5,900
Acquired leases		8		11
Other non-current liabilities	$	18,627	$	19,320

Pension Liability – Supplemental Executive Retirement Plan

Details of our Supplemental Executive Retirement Plan are disclosed in Note 13 – Pension and Other Liabilities in our 2022 Form 10-K.

Included in our current and non-current liabilities are accrued pension costs of $3.6 million at June 30, 2023. The benefits of our pension plan are fully vested and therefore no service costs were recognized for the six months ended June 30, 2023, and 2022. Our pension plan is unfunded.

During the quarter and six months ended June 30, 2023, the interest cost was $50,000 and $99,000, respectively, and the actuarial loss was $51,000 and $103,000, respectively. During the quarter and six months ended June 30, 2022, the interest cost was $55,000 and $111,000, respectively, and the actuarial loss was $51,000 and $103,000, respectively.

Subsequent Events

6 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

Subsequent Events

Note 20 – Subsequent Events

In July 2023, we closed our two Consolidated Theaters in Hawaii, Koko Marina and Ka’ahumanu sites.

In July 2023, we classified our Maitland, Australia cinema as held for sale.

In August 2023, we modified certain of our NAB covenants and extended this facility’s maturity date to July 31, 2025.

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Consolidated Statements Of Comprehensive Income [Abstract]
Net income (loss)	$ (2,861)	$ (2,443)	$ (14,185)	$ (17,895)
Foreign currency translation gain (loss)	(589)	(9,668)	(1,352)	(6,989)
Gain (loss) on cash flow hedges	(205)	395	(788)	1,194
Other	53	54	107	101
Comprehensive income (loss)	(3,602)	(11,662)	(16,218)	(23,589)
Less: net income (loss) attributable to noncontrolling interests	(83)	(7)	(296)	(105)
Less: comprehensive income (loss) attributable to noncontrolling interests	(1)	1	(2)	1
Comprehensive income (loss)	$ (3,518)	$ (11,656)	$ (15,920)	$ (23,485)

- 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.

+ References

Reference 1: 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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI https://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3000-108585

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI https://asc.fasb.org/extlink&oid=126929396&loc=SL4569616-111683

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 22: 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 https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 31: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI https://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI https://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

+ Details

Non-controlling Interests (Summary Of Changes In Controlling And Non-controlling Stockholders’ Equity) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Balance		$ (40,407)			$ (40,407)
Balance	$ 50,972	63,279	$ 93,494	$ 105,060	63,279	$ 105,060
Net income (loss)	(2,861)	(11,324)	(2,443)	(15,453)	(14,185)	(17,895)
Other comprehensive income, net	(741)	(1,294)	(9,217)	3,525
Share-based compensation expense	308	443	466	415
Restricted Stock Units	(112)	(132)	(52)	(31)
Distributions to noncontrolling stockholders			(21)	(22)
Balance	47,566	50,972	82,227	93,494	47,566	82,227
Balance	(40,407)				(40,407)
Additional Paid-In Capital [Member]
Balance	154,095	153,784	152,364	151,981	153,784	151,981
Share-based compensation expense	308	443	466	415
Restricted Stock Units	(113)	(132)	(52)	(32)
Balance	154,290	154,095	152,778	152,364	154,290	152,778
Retained Earnings (Accumulated Deficit) [Member]
Balance	(59,927)	(48,816)	(27,986)	(12,632)	(48,816)	(12,632)
Net income (loss)	(2,778)	(11,111)	(2,436)	(15,354)
Balance	(62,705)	(59,927)	(30,422)	(27,986)	(62,705)	(30,422)
Treasury Shares [Member]
Balance	$ (40,407)	(40,407)	$ (40,407)	(40,407)	$ (40,407)	$ (40,407)
Balance, shares	(40,407,000)		(40,407,000)		(40,407,000)	(40,407,000)
Balance		(40,407)		(40,407)
Accumulated Other Comprehensive Income (Loss) [Member]
Balance	$ (3,250)	(1,957)	$ 8,406	4,882	$ (1,957)	$ 4,882
Other comprehensive income, net	(740)	(1,293)	(9,218)	3,524	(2,033)
Balance	(3,990)	(3,250)	(812)	8,406	(3,990)	(812)
Reading International Inc. Stockholders' Equity [Member]
Balance	50,763	62,856	92,628	104,074	62,856	104,074
Net income (loss)	(2,778)	(11,111)	(2,436)	(15,354)
Other comprehensive income, net	(740)	(1,293)	(9,218)	3,524
Share-based compensation expense	308	443	466	415
Restricted Stock Units	(112)	(132)	(52)	(31)
Balance	47,441	50,763	81,388	92,628	47,441	81,388
Noncontrolling Interests [Member]
Balance	209	423	866	986	423	986
Net income (loss)	(83)	(213)	(7)	(99)
Other comprehensive income, net	(1)	(1)	1	1
Distributions to noncontrolling stockholders			(21)	(22)
Balance	$ 125	$ 209	839	866	$ 125	839
Class A [Member]
Balance, shares		20,412,185			20,412,185
Balance, shares	20,592,834				20,592,834
Class A [Member] \| Common Stock Shares Outstanding [Member]
Balance	$ 235	$ 235	$ 234	$ 233	$ 235	$ 233
Balance, shares	20,499	20,410	20,312	20,260	20,410	20,260
Restricted Stock Units	$ 1			$ 1
Restricted Stock Units, shares	92	89	49	52
Balance	$ 236	$ 235	$ 234	$ 234	$ 236	$ 234
Balance, shares	20,591	20,499	20,361	20,312	20,591	20,361
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	$ 17	$ 17	$ 17	$ 17	$ 17
Balance, shares	1,680	1,680	1,680	1,680	1,680	1,680
Balance	$ 17	$ 17	$ 17	$ 17	$ 17	$ 17
Balance, shares	1,680	1,680	1,680	1,680	1,680	1,680

Prepaid And Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Prepaid And Other Assets [Abstract]
Prepaid expenses	$ 2,472	$ 1,859
Prepaid taxes	1,155	1,687
Income taxes receivable	562
Prepaid rent	1,263
Deposits	242	233
Interest receivable	14	8
Investment in marketable securities	17	17
Total prepaid and other current assets	5,725	3,804
Other non-cinema and non-rental real estate assets	675	1,134
Investment in Reading International Trust I	838	838
Straight-line rent asset	7,160	8,302
Long-term deposits	7	10
Total other non-current assets	$ 8,680	$ 10,284

Fair Value Measurements

6 Months Ended

Jun. 30, 2023

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, 2023, and December 31, 2022, we had derivative financial assets carried and measured at fair value on a recurring basis of $64,000 and $907,000, respectfully. As of June 30, 2023, and December 31, 2022, we had no derivatives in a liability position.

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, 2023, and December 31, 2022, by level within the fair value hierarchy.



			Fair Value Measurement at June 30, 2023
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	184,927	$	—	$	—	$	168,557	$	168,557
Subordinated debt		28,877		—		—		25,706		25,706
	$	213,804	$	—	$	—	$	194,263	$	194,263



			Fair Value Measurement at December 31, 2022
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	186,387	$	—	$	—	$	172,230	$	172,230
Subordinated debt		29,246		—		—		25,025		25,025
	$	215,633	$	—	$	—	$	197,255	$	197,255

(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 as of June 30, 2023, and December 31, 2022.

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, 2023, and December 31, 2022, 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, 2023, and June 30, 2022.

- 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

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, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Contractual facility			$ 222,649	$ 227,633
U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument term		10 years
Contractual facility		$ 8,400	$ 8,539	$ 8,674
Interest rate	4.44%	4.64%
Debt increase	$ 1,500

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2023	Aug. 13, 2023
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, 2023
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
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	189 Second Avenue, Suite 2S
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10003
City Area Code	213
Local Phone Number	235-2240
Entity Central Index Key	0000716634
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	true
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		20,592,834
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

Borrowings (Schedule Of Long-term Debt Instruments, Net Of The Deferred Financing Costs) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Borrowings [Abstract]
Debt – current portion	$ 47,259	$ 37,279
Debt – long-term portion	136,993	148,688
Subordinated debt - current portion	766	747
Subordinated debt - long-term portion	27,061	26,950
Total borrowings	$ 212,079	$ 213,664

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
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	33,528,994	33,348,295
Common stock, shares outstanding	20,592,834	20,412,185
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

Hedge Accounting (Narrative) (Details) - Designated as Hedging Instrument [Member] - USD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount	$ 8,000,000.0	$ 51,000,000.0
Derivative ineffective portion	0
Derivative loss	$ 0

Goodwill And Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill And Intangible Assets [Abstract]

Summary Of Goodwill



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at December 31, 2022	$	20,280	$	5,224	$	25,504
Foreign currency translation adjustment		(456)		—		(456)
Balance at June 30, 2023	$	19,824	$	5,224	$	25,048

Summary Of Intangible Assets Other Than Goodwill



	As of June 30, 2023
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	11,262	$	9,058	$	4,865	$	25,185
Less: Accumulated amortization		(11,040)		(7,917)		(4,007)		(22,964)
Less: Impairments		—		—		(24)		(24)
Net intangible assets other than goodwill	$	222	$	1,141	$	834	$	2,197



	As of December 31, 2022
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	12,216	$	9,058	$	4,915	$	26,189
Less: Accumulated amortization		(11,964)		(7,838)		(3,956)		(23,758)
Less: Impairments		—		—		(40)		(40)
Net intangible assets other than goodwill	$	252	$	1,220	$	919	$	2,391

Summary Of Amortization Expense



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2023		2022		2023		2022
Beneficial lease amortization	$	21	$	22	$	43	$	44
Other amortization		54		132		101		267
Total intangible assets amortization	$	75	$	154	$	144	$	311

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=121556970&loc=SL108378252-109267

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 55
-Paragraph 24
-URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Borrowings (Purchase Money Promissory Note) (Narrative) (Details) - USD ($) $ in Millions		6 Months Ended		12 Months Ended
	Sep. 18, 2019	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
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	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

Stock-Based Compensation And Stock Repurchase Plans (Summary Of Stock Options Outstanding And Exercisable) (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
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	327,498	517,344
Number of Stock Options, Forfeited	(122,376)	(189,846)
Number of Stock Options Outstanding, Ending balance	205,122	327,498	517,344
Weighted Average Exercise Price of Options Outstanding, Beginning price	$ 15.87	$ 15.42
Weighted Average Exercise Price of Options Outstanding, Forfeited		14.63
Weighted Average Exercise Price of Options Outstanding, Ending price	$ 15.82	$ 15.87	$ 15.42
Weighted Average Remaining Years of Contractual Life	10 months 17 days	1 year 2 months 26 days	1 year 7 months 28 days

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net income (loss) attributable to Reading International, Inc.	$ (2,778)	$ (2,436)	$ (13,889)	$ (17,790)
Weighted average number of common stock – basic	22,262,214	22,040,512	22,183,618	21,995,186
Weighted average dilutive impact of awards	1,240,292	912,448	1,240,292	912,448
Weighted average number of common stock – diluted	23,502,506	22,952,960	23,423,910	22,907,634
Basic earnings (loss) per share	$ (0.12)	$ (0.11)	$ (0.63)	$ (0.81)
Diluted earnings (loss) per share	$ (0.12)	$ (0.11)	$ (0.63)	$ (0.81)
Awards excluded from diluted earnings (loss) per share	205,122	912,448	205,122	912,448

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1448-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1337-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e4984-109258

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e3842-109258

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 14: 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(25))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1252-109256

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=128363288&loc=d3e3842-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126958026&loc=d3e1337-109256

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 16: 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(25))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 20: 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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

+ Details

Leases (Narrative) (Details)	Jun. 30, 2023
Minimum [Member]
Operating Leased Assets [Line Items]
Remaining lease term	1 year
Maximum [Member]
Operating Leased Assets [Line Items]
Remaining lease term	25 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

Income Taxes

6 Months Ended

Jun. 30, 2023

Income Taxes [Abstract]

Income Taxes

Note 11 – Income Taxes

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 change in valuation allowance. Our effective tax rate was 3.9% and (6.9%) for the six months ended June 30, 2023 and 2022, respectively. The difference is primarily due to a decrease in both reserve for unrecognized tax benefits and reserve for valuation allowance in 2023. 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: 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(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details