0000716634-24-000018 | 10-Q | XBRL Viewer | Reading International INC

Non-controlling Interests (Tables)

3 Months Ended

Mar. 31, 2024

Non-controlling Interests [Abstract]



	March 31,		December 31,
(Dollars in thousands)	2024		2023
Australian Country Cinemas, Pty Ltd	$	60	$	76
Shadow View Land and Farming, LLC		(2)		(2)
Sutton Hill Properties, LLC		(327)		(165)
Noncontrolling interests in consolidated subsidiaries	$	(269)	$	(91)

Components Of Income/(Loss) Attributable To Non-controlling Interest



	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Australian Country Cinemas, Pty Ltd	$	(13)	$	10
Shadow View Land and Farming, LLC		—		—
Sutton Hill Properties, LLC		(162)		(223)
Net income (loss) attributable to noncontrolling interests	$	(175)	$	(213)

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, 2024	20,664	$	237	1,681	$	17	$	155,402	$	(79,489)	$	(40,407)	$	(2,673)	$	33,087	$	(91)	$	32,996
Net income (loss)	—		—	—		—		—		(13,228)		—		—		(13,228)		(175)		(13,403)
Other comprehensive income, net	—		—	—		—		—		—		—		(2,538)		(2,538)		(3)		(2,541)
Share-based compensation expense	—		—	—		—		678		—		—		—		678		—		678
Restricted Stock Units	9		—	—		—		(2)		—		—		—		(2)		—		(2)
At March 31, 2024	20,673	$	237	1,681	$	17	$	156,078	$	(92,717)	$	(40,407)	$	(5,211)	$	17,997	$	(269)	$	17,728


	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

Property And Equipment (Loss On Sale Of Property) (Details) - Los Angeles [Member] $ in Thousands	Mar. 31, 2024 USD ($)
Real Estate Properties [Line Items]
Sale price	$ 10,000
Net book value	(10,800)
Loss on sale, gross of direct costs	(800)
Direct sale costs incurred	(325)
Loss on sale, net of direct costs	$ (1,125)

Property And Equipment (Tables)

3 Months Ended

Mar. 31, 2024

Property And Equipment [Abstract]

Schedule Of Property And Equipment



	March 31,		December 31,
(Dollars in thousands)	2024		2023
Land	$	59,696	$	61,095
Building and improvements		201,096		205,821
Leasehold improvements		50,320		53,984
Fixtures and equipment		148,276		155,156
Construction-in-progress		4,335		4,290
Total cost		463,723		480,346
Less: accumulated depreciation		(209,914)		(217,929)
Operating property, net	$	253,809	$	262,417

Summary Of Investment And Development Property



	March 31,		December 31,
(Dollars in thousands)	2024		2023
Land	$	3,642	$	3,856
Construction-in-progress (including capitalized interest)		4,711		4,933
Investment and development property	$	8,353	$	8,789

Construction-In-Progress Balance



(Dollars in thousands)	Balance, ‎December 31, ‎2023		Additions during the period		Completed ‎during the ‎period		Foreign ‎currency ‎translation		Balance, ‎March 31, ‎2024
Courtenay Central development		6,412		—		—		(355)		6,057
Cinema developments and improvements		1,658		88		(35)		(14)		1,697
Other real estate projects		1,153		316		(156)		(21)		1,292
Total	$	9,223	$	404	$	(191)	$	(390)	$	9,046

Loss On Sale Of Property


	March 31
(Dollars in thousands)	2024
Sales price	$	10,000
Net book value		(10,800)
Loss on sale, gross of direct costs		(800)
Direct sale costs incurred		(325)
Loss on sale, net of direct costs	$	(1,125)

Properties And Equipment (Summary Of Investment And Development Property) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Investment and development property	$ 8,353	$ 8,789
Land [Member]
Property, Plant and Equipment [Line Items]
Investment and development property	3,642	3,856
Construction-In-Progress (Including Capitalized Interest) [Member]
Property, Plant and Equipment [Line Items]
Investment and development property	$ 4,711	$ 4,933

Operations In Foreign Currency (Tables)

3 Months Ended

Mar. 31, 2024

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 ‎twelve months ‎ended	As of and ‎for the ‎quarter ‎ended
	March 31, 2024	December 31, 2023	March 31, 2023
Spot Rate
Australian Dollar	0.6524	0.6828	0.6704
New Zealand Dollar	0.5987	0.6340	0.6271
Average Rate
Australian Dollar	0.6572	0.6647	0.6841
New Zealand Dollar	0.6124	0.6145	0.6299

Fair Value Measurements (Narrative) (Details) - USD ($)	3 Months Ended
Fair Value Measurements (Narrative) (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Fair Value Measurements [Abstract]
Transfers of assets and liabilities between level 1, 2, 3	$ 0	$ 0

Summary Of Significant Accounting Policies

3 Months Ended

Mar. 31, 2024

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, 2023 (“2023 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 ended March 31, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024.

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.

Hedge Accounting (Tables)

3 Months Ended

Mar. 31, 2024

Hedge Accounting [Abstract]

Schedule Of Changes in Fair value


(Dollars in thousands)	Location of Loss Recognized in Income on Derivatives
		Three Months Ended March 31
			2024		2023
Interest rate contracts	Interest expense	$	—	$	(564)
Total		$	—	$	(564)

Summary Of Hedged Transactions That Affect Earnings



(Dollars in thousands)	Amount
	Three Months Ended March 31
		2024		2023
Interest rate contracts	$	—	$	18
Total	$	—	$	18


Line Item	Amount
	Three Months Ended March 31
		2024		2023
Interest expense	$	—	$	(564)
Total	$	—	$	(564)

Impacts On Our Business Due To The Covid-19 Pandemic, The 2023 Hollywood Strikes, The Dramatic Interest Rate Rise And Increased Operating Costs, Together With Our Company’s Resources

3 Months Ended

Mar. 31, 2024

Impacts On Our Business Due To The Covid-19 Pandemic, The 2023 Hollywood Strikes, The Dramatic Interest Rate Rise And Increased Operating Costs, Together With Our Company’s Resources [Abstract]

Impacts On Our Business Due To The Covid-19 Pandemic, The 2023 Hollywood Strikes, The Dramatic Interest Rate Rise And Increased Operating Costs, Together With Our Company’s Resources

Note 3 – Impacts on our Business Due to the COVID-19 Pandemic, the 2023 Hollywood Strikes, the Dramatic Interest Rate Rise and Increased Operating Costs, together with our Company’s Resources

General

COVID-19 has materially impacted our business since the declaration of a global pandemic in March 2020. Having navigated mandated global closures during the pandemic, our cinema operations were, again, materially disrupted and materially adversely impacted by the 2023 strikes by the Writers Guild of America (WGA) and the American actors’ union SAG-AFTRA (Screen Actors Guild-American Federation of Television and Radio Artists) (SAG) over labor disputes with the Alliance of Motion Picture and Television Producers (AMPTP). Also, between March 2022 and July 2023, the Federal Reserve increased the Federal Funds rate from 0.25% to 5.5%, which represented the fastest interest rate tightening in U.S. history.

Due to these and other factors, we are experiencing, among other things, soft cinema revenues, increasing costs related to inventory, labor and utilities, and many of our U.S. cinemas are obligated to repay rent deferrals to our landlords as negotiated in 2020-2024. In addition, some of our cinemas are facing automatic rent increases. Cost-reduction efforts in our cinema operating segment continue, including, but not limited to, restricting essential operating expenditures to the minimum levels necessary, reducing employment and utilities costs, and minimizing capital outlays. We continue to work with our landlords to manage our rent obligations. We believe that our film revenues have been adversely impacted by decisions by major film distributors to delay the release of major motion pictures during the 2023 Hollywood Strikes and by the unavailability of actors to promote those pictures that were released during this period. These adverse impacts have carried over into our first quarter.

Our Real Estate operating segment has been less impacted by the COVID-19 pandemic and is generating the expected cash flows.

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 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 of the end of the first quarter, 2024, we have $41.9 million of debt due in twelve months. At March 31, 2024, we have cash of $7.5 million and negative working capital of $114.6 million. In order 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 and our revenues and net income need to improve through improved operations and asset monetization.

In April 2024, we exercised our first option to extend our Union Square financing facility, extending the maturity date of that loan ($47.1 million at March 31, 2024) to May 6, 2025. We also obtained an extension of our NAB facility ($65.2 million at March 31, 2024), extending the maturity date of that loan to July 31, 2026. This extension also includes a bridge loan in the amount of AU$20.0 million, maturing on March 31, 2025, subject to prepayment obligations from the net sales proceeds of certain assets. We are in discussions with and believe that we will be able to reach mutually acceptable terms with respect to our Santander ($8.0 million, due second quarter of 2024), Cinemas 123 ($20.9 million, due third quarter of 2024) and our Westpac ($8.3 million, due first quarter of 2025) credit facilities.

We believe that the global cinema industry will continue to improve in the last half of 2024 and 2025. This belief underpins our forecasts and cash flow projections. Our forecasts rely upon, among other things, the market reception to current films such as Inside Out 2, Deadpool and Wolverine Despicable Me 4, the current industry movie release schedule, which demonstrates an increased number of movies to be released 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 the aggregate, to the realization of Management’s forecasts and expectations. In the event that our forecasts and cash flow estimates, and our reasonable refinancing expectations, do not come to fruition to the extent needed to provide sufficient funding, we are willing and able to pursue additional asset monetizations. Since 2021, we have demonstrated our ability to complete such real estate transactions.

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. At December 31, 2023, our Company performed a quantitative recoverability test of the carrying values of all its asset groups. Our Company estimated the undiscounted future cash flows expected to result from the use of these asset groups and found that no impairment charge was necessary. As noted above, the financial performance of our cinemas has been improving. This improved performance at an asset group level, and the impact of this performance on our impairment modelling, resulted in no impairment charges being recognized for the first three months of 2024. Actual performance against our forecasts is dependent on several variables and conditions, many of which are subject to the uncertainties associated with among other things, the factors presented above, 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, 2023. The test was performed at a reporting unit level by comparing each reporting unit’s carrying value, including goodwill, to its fair value. The fair value of each reporting unit was assessed using a discounted cash flow model based on the budgetary revisions performed by management in response to COVID-19 and the developing market conditions. Given the continuing improvements in trading conditions, no impairment charges were recorded in the first three months of 2024. Actual performance against our forecasts is dependent on several variables and conditions, including among other things, the factors presented above, and as a result, actual results may materially differ from management’s estimates.

Borrowings (Union Square Financing) (Narrative) (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) property	Dec. 31, 2023
Emerald Creek Capital [Member]
Debt Instrument [Line Items]
Number of properties \| property	44
Debt Instrument, Face Amount \| $	$ 55.0
Maturity date	May 06, 2025
Union Square Construction Financing [Member]
Debt Instrument [Line Items]
Maturity date	May 06, 2024	May 06, 2024
Line of credit facility, term	3 years
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| Emerald Creek Capital [Member]
Debt Instrument [Line Items]
Spread on variable rate	6.90%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Goodwill And Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangibles assets	$ 81	$ 68
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
Amortization expense of intangibles assets	$ 60	$ 53

Non-controlling Interests (Components Of Income Attributable To Non-controlling Interest) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	$ (175)	$ (213)
Australian Country Cinemas, Pty Ltd [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	(13)	10
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	$ (162)	$ (223)

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

+ References + Details

Borrowings (Purchase Money Promissory Note) (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
	Sep. 18, 2019	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
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

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

Subsequent Events

3 Months Ended

Mar. 31, 2024

Subsequent Events [Abstract]

Subsequent Events

Note 20 – Subsequent Events

On April 4, 2024, we executed an amendment to our NAB facility, and on April 23, 2024, we exercised the first of our two 12-month extension options on our Union Square facility. See Note 12.

In April 2024, our Board of Directors authorized management to enter into an AU$20 million bridge loan with NAB, due on March 31, 2025, to be repaid from the proceeds of a sale of our Cannon Park ETC and authorized management to proceed with the sale of that property.

Properties And Equipment (Schedule Of Property And Equipment) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total cost	$ 463,723	$ 480,346
Less: accumulated depreciation	(209,914)	(217,929)
Operating properties, net	253,809	262,417
Land [Member]
Property, Plant and Equipment [Line Items]
Total cost	59,696	61,095
Building And Improvements [Member]
Property, Plant and Equipment [Line Items]
Total cost	201,096	205,821
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total cost	50,320	53,984
Fixtures And Equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost	148,276	155,156
Construction-In-Progress [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 4,335	$ 4,290

Properties And Equipment (Narrative) (Details)	1 Months Ended		3 Months Ended
Properties And Equipment (Narrative) (Details)	Jun. 30, 2023 USD ($) ft² a	May 31, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 a
Property, Plant and Equipment [Line Items]
Depreciation expense for operating property			$ 4,100,000	$ 4,600,000
Disposal Group, Not Discontinued Operations [Member] \| 2483 Trenton Avenue Williamsport Pennsylvania [Member]
Property, Plant and Equipment [Line Items]
Area of Land \| a	26.6
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| 2483 Trenton Avenue Williamsport Pennsylvania [Member]
Property, Plant and Equipment [Line Items]
Book value	$ 460,000
Area of Land \| a					26.6
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]
Sale price		$ 8,300,000
Disposal Group, Held-for-Sale, Not Discontinued Operations [Member] \| Culver City Los Angeles [Member]
Property, Plant and Equipment [Line Items]
Adjustment to sale price		0
Book value		$ 10,800,000

Hedge Accounting (Schedule Of Changes in Fair value) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives		$ (564)
Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives		$ (564)
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

Goodwill And Intangible Assets (Summary Of Intangible Assets Other Than Goodwill) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 24,634	$ 24,707
Less: accumulated amortization	(22,682)	(22,661)
Less: impairment	(8)	(8)
Net intangible assets other than goodwill	1,944	2,038
Beneficial Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	11,247	11,283
Less: accumulated amortization	(11,070)	(11,089)
Net intangible assets other than goodwill	177	194
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	9,024	9,024
Less: accumulated amortization	(7,997)	(7,961)
Net intangible assets other than goodwill	1,027	1,063
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	4,363	4,400
Less: accumulated amortization	(3,615)	(3,611)
Less: impairment	(8)	(8)
Net intangible assets other than goodwill	$ 740	$ 781

Investments In Unconsolidated Joint Ventures (Summary Of The Investments In Unconsolidated Joint Ventures And Entities) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Total Joint Ventures	$ 4,539	$ 4,756
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Interest	50.00%
Total Joint Ventures	$ 764	848
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Interest	33.30%
Total Joint Ventures	$ 3,775	$ 3,908

Leases

3 Months Ended

Mar. 31, 2024

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 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:


	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	10	$	8
Interest on lease liabilities		1		—
Operating lease cost		7,801		8,208
Variable lease cost		511		271
Total lease cost	$	8,323	$	8,487

Supplemental cash flow information related to leases is as follows:


	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Cash flows relating to lease cost
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	11	$	9
Operating cash flows for operating leases		7,391		8,435
Right-of-use assets obtained in exchange for new operating lease liabilities		—		—

Supplemental balance sheet information related to leases is as follows:


	March 31,		December 31,
(Dollars in thousands)	2024		2023
Operating leases
Operating lease right-of-use assets	$	172,201	$	181,542
Operating lease liabilities - current portion		22,198		23,047
Operating lease liabilities - non-current portion		171,793		180,898
Total operating lease liabilities	$	193,991	$	203,945
Finance leases
Property plant and equipment, gross		225		232
Accumulated depreciation		(152)		(177)
Property plant and equipment, net	$	73	$	55
Other current liabilities		41		40
Other long-term liabilities		32		43
Total finance lease liabilities	$	73	$	83

Other information
Weighted-average remaining lease term - finance leases		2		2
Weighted-average remaining lease term - operating leases		11		11
Weighted-average discount rate - finance leases		7.07%		7.07%
Weighted-average discount rate - operating leases		4.63%		4.62%

The maturities of our leases were as follows:


(Dollars in thousands)	Operating ‎leases		Finance ‎leases
2024	$	30,740	$	44
2025		28,928		34
2026		26,990		—
2027		24,215		—
2028		21,433		—
Thereafter		116,048		—
Total lease payments	$	248,354	$	78
Less imputed interest		(54,363)		(5)
Total	$	193,991	$	73

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:


	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Components of lease income
Lease payments	$	2,701	$	2,636
Variable lease payments		144		187
Total lease income	$	2,845	$	2,823

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


	March 31,		December 31,
(Dollars in thousands)	2024		2023
Building and improvements
Gross balance	$	125,323	$	127,222
Accumulated depreciation		(23,414)		(23,270)
Net Book Value	$	101,909	$	103,952

The minimum contractual rent payments due on our leases were as follows:


(Dollars in thousands)	Operating ‎leases
2024	$	7,105
2025		9,461
2026		7,910
2027		7,131
2028		7,048
Thereafter		22,326
Total	$	60,981

Borrowings (Schedule Of Long-term Debt Instruments, Net Of The Deferred Financing Costs) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Borrowings [Abstract]
Debt - current portion	$ 41,464	$ 34,484
Debt - long-term portion	125,459	146,605
Subordinated debt - current portion	393	586
Subordinated debt - long-term portion	27,228	27,172
Total borrowings	$ 194,544	$ 208,847

Stock-Based Compensation And Stock Repurchases (Summary Of Stock Options Outstanding And Exercisable) (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options, Granted	0	0
Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options, Beginning balance	412,779	327,498
Number of Stock Options, Granted		207,657
Number of Stock Options, Forfeited	(205,122)	(122,376)
Number of Stock Options Outstanding, Ending balance	207,657	412,779	327,498
Weighted Average Exercise Price of Options Outstanding, Beginning price	$ 14.19	$ 15.87
Weighted Average Exercise Price of Options Outstanding, Granted		1.92
Weighted Average Exercise Price of Options Outstanding, Ending price	$ 1.92	$ 14.19	$ 15.87
Weighted Average Remaining Years of Contractual Life	9 years 8 months 8 days	1 year 9 months 14 days	1 year 2 months 26 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Description Of Business And Segment Reporting (Summary Of Results Of Operations For Principal Business Segments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 45,052	$ 45,807
Segment operating income (loss)	(7,531)	(7,880)
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	45,052	45,807
Segment operating income (loss)	(3,275)	(3,606)
Intersegment Eliminations [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	(1,152)	(1,245)
Cinema Exhibition [Member] \| Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	41,271	41,987
Segment operating income (loss)	(4,165)	(4,612)
Real Estate [Member] \| Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	4,933	5,065
Segment operating income (loss)	$ 890	$ 1,006

- 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

+ Details

Borrowings (U.S. Corporate Office Term Loan) (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Contractual facility	$ 203,510	$ 218,159
U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Contractual facility	$ 8,400	$ 8,401

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Leases (Supplemental Balance Sheet Information Related To Leases) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease right-of-use assets	$ 172,201	$ 181,542
Operating lease liabilities - current portion	22,198	23,047
Operating lease liabilities - non-current portion	171,793	180,898
Total operating lease liabilities	193,991	203,945
Property plant and equipment, gross	225	232
Accumulated depreciation	(152)	(177)
Property plant and equipment, net	73	55
Other current liabilities	41	40
Other long-term liabilities	32	43
Total finance lease liabilities	$ 73	$ 83
Weighted-average remaining lease term - finance leases	2 years	2 years
Weighted-average remaining lease term - operating leases	11 years	11 years
Weighted-average discount rate - finance leases	7.07%	7.07%
Weighted-average discount rate - operating leases	4.63%	4.62%

Leases (Book Value Of Assets Under Operating Leases From Owned Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property Subject to or Available for Operating Lease [Line Items]
Gross balance	$ 463,723	$ 480,346
Accumulated depreciation	(209,914)	(217,929)
Operating properties, net	253,809	262,417
Building And Improvements [Member]
Property Subject to or Available for Operating Lease [Line Items]
Gross balance	125,323	127,222
Accumulated depreciation	(23,414)	(23,270)
Operating properties, net	$ 101,909	$ 103,952

Leases (Components Of Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Lease payments	$ 2,701	$ 2,636
Variable lease payments	144	187
Total lease income	$ 2,845	$ 2,823

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Impacts On Our Business Due To The Covid-19 Pandemic, The 2023 Hollywood Strikes, The Dramatic Interest Rate Rise And Increased Operating Costs, Together With Our Company’s Resources (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2024 AUD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jul. 31, 2023	Mar. 31, 2023 USD ($)	Mar. 31, 2022
Impact Of Covid [Line Items]
Federal funds interest rate increased					5.50%		0.25%
Borrowings due			$ 194,544,000	$ 208,847,000
Debt current			41,900,000
Cash and cash equivalents			7,501,000	12,906,000		$ 14,628,000
Working capital			(114,600,000)
Impairment charges against sites	$ 0
Union Square Construction Financing [Member]
Impact Of Covid [Line Items]
Borrowings due			47,087,000	46,925,000
Minetta And Orpheum Theatres Loan [Member]
Impact Of Covid [Line Items]
Borrowings due			7,984,000	8,000,000
Debt current				8,000,000.0
US Cinema 1, 2, 3 Term Loan [Member]
Impact Of Covid [Line Items]
Borrowings due			20,739,000	20,780,000
Debt current			20,900,000
Westpac Bank Corporate Credit Facility [Member]
Impact Of Covid [Line Items]
Borrowings due			8,286,000	8,775,000
Debt current				$ 8,300,000
NAB Corporate Loan Facility [Member]
Impact Of Covid [Line Items]
Borrowings due			$ 65,200,000
Bridge loan		$ 20.0

Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Components Of Lease Expense


	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	10	$	8
Interest on lease liabilities		1		—
Operating lease cost		7,801		8,208
Variable lease cost		511		271
Total lease cost	$	8,323	$	8,487

Supplemental Cash Flow Information Related To Leases


	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Cash flows relating to lease cost
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	11	$	9
Operating cash flows for operating leases		7,391		8,435
Right-of-use assets obtained in exchange for new operating lease liabilities		—		—

Supplemental Balance Sheet Information Related To Leases


	March 31,		December 31,
(Dollars in thousands)	2024		2023
Operating leases
Operating lease right-of-use assets	$	172,201	$	181,542
Operating lease liabilities - current portion		22,198		23,047
Operating lease liabilities - non-current portion		171,793		180,898
Total operating lease liabilities	$	193,991	$	203,945
Finance leases
Property plant and equipment, gross		225		232
Accumulated depreciation		(152)		(177)
Property plant and equipment, net	$	73	$	55
Other current liabilities		41		40
Other long-term liabilities		32		43
Total finance lease liabilities	$	73	$	83

Other information
Weighted-average remaining lease term - finance leases		2		2
Weighted-average remaining lease term - operating leases		11		11
Weighted-average discount rate - finance leases		7.07%		7.07%
Weighted-average discount rate - operating leases		4.63%		4.62%

Maturity Of Leases As Lessee


(Dollars in thousands)	Operating ‎leases		Finance ‎leases
2024	$	30,740	$	44
2025		28,928		34
2026		26,990		—
2027		24,215		—
2028		21,433		—
Thereafter		116,048		—
Total lease payments	$	248,354	$	78
Less imputed interest		(54,363)		(5)
Total	$	193,991	$	73

Components Of Lease Income


	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Components of lease income
Lease payments	$	2,701	$	2,636
Variable lease payments		144		187
Total lease income	$	2,845	$	2,823

Book Value Of Assets Under Operating Leases From Owned Assets


	March 31,		December 31,
(Dollars in thousands)	2024		2023
Building and improvements
Gross balance	$	125,323	$	127,222
Accumulated depreciation		(23,414)		(23,270)
Net Book Value	$	101,909	$	103,952

Maturity Of Leases As Lessor


(Dollars in thousands)	Operating ‎leases
2024	$	7,105
2025		9,461
2026		7,910
2027		7,131
2028		7,048
Thereafter		22,326
Total	$	60,981

Other Liabilities (Narrative) (Details) - USD ($)	3 Months Ended
Other Liabilities (Narrative) (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Other Liabilities [Abstract]
Service cost	$ 0	$ 0
Interest cost	44,000	50,000
Actuarial loss (gain)	52,000	$ 52,000
Accrued pension costs included in other liabilities	$ 3,200,000

Goodwill And Intangible Assets

3 Months Ended

Mar. 31, 2024

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 March 31, 2024, and December 31, 2023.



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at December 31, 2023	$	20,311	$	5,224	$	25,535
Foreign currency translation adjustment		(864)		—		(864)
Balance at March 31, 2024	$	19,447	$	5,224	$	24,671

Our Company is required to test goodwill and other intangible assets for impairment on an annual basis and, if current events or circumstances require them, on an interim basis. Our next annual evaluation of goodwill and other intangible assets is scheduled during the fourth quarter of 2024. 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 March 31, 2024, we were not aware that any events indicating potential impairment of goodwill had occurred outside of those described at Note 3 – Impacts on our Business Due to the COVID-19 Pandemic, the 2023 Hollywood Strikes, the Dramatic Interest Rate Rise and Increased Operating Costs, together with our Company’s Resources.

The tables below summarize intangible assets other than goodwill, as of March 31, 2024, and December 31, 2023, respectively.



	As of March 31, 2024
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	11,247	$	9,024	$	4,363	$	24,634
Less: Accumulated amortization		(11,070)		(7,997)		(3,615)		(22,682)
Less: Impairments		—		—		(8)		(8)
Net intangible assets other than goodwill	$	177	$	1,027	$	740	$	1,944



	As of December 31, 2023
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	11,283	$	9,024	$	4,400	$	24,707
Less: Accumulated amortization		(11,089)		(7,961)		(3,611)		(22,661)
Less: Impairments		—		—		(8)		(8)
Net intangible assets other than goodwill	$	194	$	1,063	$	781	$	2,038

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 ended March 31, 2024



	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Beneficial lease amortization	$	21	$	15
Other amortization		60		53
Total intangible assets amortization	$	81	$	68

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Activities
Net income (loss)	$ (13,403)	$ (11,324)
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:
Equity earnings of unconsolidated joint ventures	25	(19)
(Gain) loss recognized on foreign currency transactions	5
(Gain) loss on sale of assets	1,125
Amortization of operating leases	5,414	5,523
Amortization of finance leases	10	8
Change in operating lease liabilities	(5,844)	(5,910)
Change in net deferred tax assets	157	11
Depreciation and amortization	4,205	4,639
Other amortization	505	400
Stock based compensation expense	678	443
Net changes in operating assets and liabilities:
Receivables	335	1,333
Prepaid and other assets	(99)	(2,142)
Payments for accrued pension	(171)	(171)
Accounts payable and accrued expenses	5,805	(1,656)
Film rent payable	(463)	(1,717)
Taxes payable	(295)	351
Deferred revenue and other liabilities	(759)	(1,321)
Net cash provided by (used in) operating activities	(2,770)	(11,552)
Investing Activities
Purchases of and additions to operating and investment properties	(1,926)	(1,527)
Contributions to unconsolidated joint ventures	(31)
Proceeds from sale of assets	9,594
Net cash provided by (used in) investing activities	7,637	(1,527)
Financing Activities
Repayment of borrowings	(11,124)	(1,116)
Repayment of finance lease principal	(10)	(8)
Capitalized borrowing costs	(90)	(154)
(Cash paid) proceeds from the settlement of employee share transactions	(1)	(131)
Net cash provided by (used in) financing activities	(11,225)	(1,409)
Effect of exchange rate on cash and restricted cash	(751)	(114)
Net increase (decrease) in cash and cash equivalents and restricted cash	(7,109)	(14,602)
Cash and cash equivalents and restricted cash at the beginning of the period	15,441	34,979
Cash and cash equivalents and restricted cash at the end of the period	8,332	20,377
Cash and cash equivalents and restricted cash consists of:
Cash and cash equivalents	7,501	14,628
Restricted cash	831	5,749
Total	8,332	20,377
Supplemental Disclosures
Interest paid	4,858	4,374
Income taxes (refunded) paid	106	57
Non-Cash Transactions
Additions to operating and investing properties through accrued expenses	$ 2,475	$ 3,127

Hedge Accounting (Summary Of Hedged Transactions That Affect Earnings) (Details) - Designated as Hedging Instrument [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives (Effective Portion)	$ 18
Loss Reclassified from OCI into Income (Effective Portion)	(564)
Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives (Effective Portion)	$ 18

Leases (Maturity Of Leases As Lessee) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating leases, 2024	$ 30,740
Operating leases, 2025	28,928
Operating leases, 2026	26,990
Operating leases, 2027	24,215
Operating leases, 2028	21,433
Operating leases, Thereafter	116,048
Operating leases, Total lease payments	248,354
Operating leases, Less imputed interest	(54,363)
Total operating lease liabilities	193,991	$ 203,945
Finance leases, 2024	44
Finance leases, 2025	34
Finance leases, Total lease payments	78
Finance leases, Less imputed interest	(5)
Total finance lease liabilities	$ 73	$ 83

Investments In Unconsolidated Joint Ventures

3 Months Ended

Mar. 31, 2024

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 March 31, 2024, and December 31, 2023:



		March 31,		December 31,
(Dollars in thousands)	Interest	2024		2023
Rialto Cinemas	50.0%	$	764	$	848
Mt. Gravatt	33.3%		3,775		3,908
Total investments		$	4,539	$	4,756

For the quarter ended March 31, 2024 and 2023, the recognized share of equity earnings from our investments in unconsolidated joint ventures are as follows:



	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Rialto Cinemas	$	(68)	$	(41)
Mt. Gravatt		43		60
Total equity earnings	$	(25)	$	19

Borrowings (Australian NAB Corporate Term Loan (AU)) (Narrative) (Details) - AUD ($) $ in Millions		3 Months Ended
	Apr. 04, 2024	Mar. 31, 2024
NAB Guarantee Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 20.0
Maturity date	Jul. 31, 2026	Mar. 31, 2025
Australian NAB Corporate Loan Facility Tier 3 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 100.0
Spread on variable interest rate		1.75%
Australian NAB Corporate Loan Facility Tier 3 [Member] \| Core Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 40.0
Australian NAB Corporate Loan Facility Tier 3 [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		60.0
Australian NAB Bank Guarantee Facility Tier 3 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 5.0
Spread on variable interest rate		1.90%
Maturity date		Jul. 31, 2025
Corporate Loan Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 100.0
Debt Instrument, Quarterly repayment		1.5
Bank Guarantee Facility [Member]
Debt Instrument [Line Items]
Line of credit		$ 3.0

Borrowings (Summary Of Borrowings) (Details) $ in Thousands, $ in Millions				3 Months Ended		12 Months Ended
	Mar. 27, 2024	Jan. 26, 2024	Sep. 18, 2019	Mar. 31, 2024 NZD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Contractual Facility					$ 203,510	$ 218,159
Balance Gross					195,651	210,300
Balance Net					194,544	208,847
Deferred financing costs, net					$ 1,100	$ 1,500
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					$ 27,228	$ 27,172
Stated Interest Rate				9.58%	9.58%	9.65%
Effective Interest Rate					9.58%	9.65%
Bank Of America Credit Facility [Member]
Debt Instrument [Line Items]
Maturity Date	Aug. 18, 2025			Aug. 18, 2025	Aug. 18, 2025	Sep. 04, 2024
Contractual Facility					$ 17,750	$ 20,200
Balance Gross					17,750	20,200
Balance Net					$ 17,665	$ 20,080
Stated Interest Rate				11.50%	11.50%	11.00%
Effective Interest Rate					11.50%	11.00%
US Cinema 1, 2, 3 Term Loan [Member]
Debt Instrument [Line Items]
Maturity Date				Oct. 01, 2024	Oct. 01, 2024	Oct. 01, 2024
Contractual Facility					$ 20,928	$ 21,008
Balance Gross					20,928	21,008
Balance Net					$ 20,739	$ 20,780
Stated Interest Rate				8.83%	8.83%	8.84%
Effective Interest Rate					8.83%	8.84%
Minetta And Orpheum Theatres Loan [Member]
Debt Instrument [Line Items]
Maturity Date		Jun. 01, 2024		Jun. 01, 2024	Jun. 01, 2024	Jun. 01, 2024
Contractual Facility					$ 8,000	$ 8,000
Balance Gross					8,000	8,000
Balance Net					$ 7,984	$ 8,000
Stated Interest Rate				7.00%	7.00%	8.34%
Effective Interest Rate					7.00%	8.34%
U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Maturity Date						Jan. 01, 2027
Contractual Facility					$ 8,400	$ 8,401
Balance Gross						8,401
Balance Net						$ 8,356
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					47,141	47,141
Balance Net					$ 47,087	$ 46,925
Stated Interest Rate				12.52%	12.52%	12.53%
Effective Interest Rate					12.52%	12.53%
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					$ 393	$ 586
Balance Gross					393	586
Balance Net					$ 393	$ 586
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				Jul. 31, 2025	Jul. 31, 2025	Jul. 31, 2025
Contractual Facility					$ 65,240	$ 68,276
Balance Gross					65,240	68,276
Balance Net					$ 65,162	$ 68,173
Stated Interest Rate				6.10%	6.10%	6.11%
Effective Interest Rate					6.10%	6.11%
NAB Corporate Loan Facility [Member]
Debt Instrument [Line Items]
Balance Net					$ 65,200
Westpac Bank Corporate Credit Facility [Member]
Debt Instrument [Line Items]
Maturity Date				Jan. 01, 2025	Jan. 01, 2025	Jan. 01, 2025
Contractual Facility				$ 13.8	$ 8,286	$ 8,775
Balance Gross					8,286	8,775
Balance Net					$ 8,286	$ 8,775
Stated Interest Rate				8.20%	8.20%	8.20%
Effective Interest Rate					8.20%	8.20%
Minimum [Member] \| U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Stated Interest Rate						4.44%
Effective Interest Rate						4.44%
Maximum [Member] \| U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Stated Interest Rate						4.64%
Effective Interest Rate						4.64%

Goodwill And Intangible Assets (Summary Of Goodwill) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Line Items]
Beginning balance	$ 25,535
Foreign currency translation adjustment	(864)
Ending balance	24,671
Cinema [Member]
Goodwill [Line Items]
Beginning balance	20,311
Foreign currency translation adjustment	(864)
Ending balance	19,447
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

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Prepaid And Other Assets (Tables)

3 Months Ended

Mar. 31, 2024

Prepaid And Other Assets [Abstract]

Summary Of Prepaid And Other Assets



	March 31,		December 31,
(Dollars in thousands)	2024		2023
Prepaid and other current assets
Prepaid expenses	$	1,907	$	1,813
Prepaid taxes		597		802
Income taxes receivable		245		—
Deposits		302		249
Investments in marketable securities		18		17
Total prepaid and other current assets	$	3,069	$	2,881
Other non-current assets
Other non-cinema and non-rental real estate assets		674		674
Investment in Reading International Trust I		838		838
Straight-line rent asset		7,426		7,445
Long-term deposits		10		8
Total other non-current assets	$	8,948	$	8,965

Non-controlling Interests (Narrative) (Details)	Mar. 31, 2024
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%

Operations In Foreign Currency

3 Months Ended

Mar. 31, 2024

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, cash flows from our overseas operations have been used to cover our domestic general and administrative costs, interest expense, and loss from our domestic cinema operations. Our Australian and New Zealand assets and liabilities are translated from their functional currencies of Australian dollar (“AU$”) and New Zealand dollar (“NZ$”), respectively, to the U.S. dollar based on the exchange rate as of March 31, 2024. 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 with respect to our operating costs, 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 ‎twelve months ‎ended	As of and ‎for the ‎quarter ‎ended
	March 31, 2024	December 31, 2023	March 31, 2023
Spot Rate
Australian Dollar	0.6524	0.6828	0.6704
New Zealand Dollar	0.5987	0.6340	0.6271
Average Rate
Australian Dollar	0.6572	0.6647	0.6841
New Zealand Dollar	0.6124	0.6145	0.6299

- Definition

The entire disclosure for foreign currency transactions and translation. This may include description of foreign currency transactions, foreign currency gains and losses, explanation of change in cumulative translation adjustment, description of effect of subsequent foreign currency exchange rate change, cumulative translation adjustment movement, foreign currency translation adjustment by component movement, translation adjustment for net investment hedge movement, adjustment for long-term intercompany transactions, schedule of long-term intercompany balances and any other foreign currency transactions and translation related items.

+ References + Details

Stock-Based Compensation And Stock Repurchase (Tables)

3 Months Ended

Mar. 31, 2024

Stock-Based Compensation and Stock Repurchase [Abstract]

Schedule 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, 2022	327,498	$	15.87	1.24	$	—
Granted	207,657		1.92	—		—
Exercised	—		—	—		—
Forfeited	(122,376)		—	—		—
Balance - December 31, 2023	412,779	$	14.19	1.79	$	—
Granted	—		—	—		—
Exercised	—		—	—		—
Forfeited	(205,122)		—	—		—
Balance - March 31, 2024	207,657	$	1.92	9.69	$	—

Summary Of Restricted Stock Units Granted



	Restricted Stock Units
	RSU Grants (in units)			Vested,	Unvested,	Forfeited,
Grant Date	Directors	Management	Total ‎Grants	March 31, ‎2024	March 31, ‎2024	March 31, ‎2024

Opening balance	265,755	793,353	1,059,108	839,176	156,278	63,654

April 18, 2022	—	428,899	428,899	75,721	306,638	46,540
December 15, 2022	73,683	—	73,683	73,683	—	—
April 11, 2023	—	413,536	413,536	—	404,504	9,032
April 21, 2023	—	237,719	237,719	—	229,194	8,525
April 28, 2023	—	20,427	20,427	—	20,427	—

Total	339,438	1,893,934	2,233,372	988,580	1,117,041	127,751

Operations In Foreign Currency (Summary Of Currency Exchange Rates) (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Australian Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6524	0.6704	0.6828
Australian Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6572	0.6841	0.6647
New Zealand Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.5987	0.6271	0.6340
New Zealand Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6124	0.6299	0.6145

Fair Value Measurements

3 Months Ended

Mar. 31, 2024

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.

The following tables summarize our financial liabilities that are carried at cost and measured at fair value on a non-recurring basis as of March 31, 2024, and December 31, 2023, by level within the fair value hierarchy.



			Fair Value Measurement at March 31, 2024
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	167,345	$	—	$	—	$	168,391	$	168,391
Subordinated debt		28,306		—		—		27,771		27,771
	$	195,651	$	—	$	—	$	196,162	$	196,162



			Fair Value Measurement at December 31, 2023
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	181,801	$	—	$	—	$	148,325	$	148,325
Subordinated debt		28,499		—		—		27,832		27,832
	$	210,300	$	—	$	—	$	176,157	$	176,157

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

The 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 March 31, 2024, and December 31, 2023.

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 March 31, 2024, and December 31, 2023, 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 ended March 31, 2024, and March 31, 2023.

- 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

Non-controlling Interests

3 Months Ended

Mar. 31, 2024

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:



	March 31,		December 31,
(Dollars in thousands)	2024		2023
Australian Country Cinemas, Pty Ltd	$	60	$	76
Shadow View Land and Farming, LLC		(2)		(2)
Sutton Hill Properties, LLC		(327)		(165)
Noncontrolling interests in consolidated subsidiaries	$	(269)	$	(91)

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



	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Australian Country Cinemas, Pty Ltd	$	(13)	$	10
Shadow View Land and Farming, LLC		—		—
Sutton Hill Properties, LLC		(162)		(223)
Net income (loss) attributable to noncontrolling interests	$	(175)	$	(213)

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, 2024	20,664	$	237	1,681	$	17	$	155,402	$	(79,489)	$	(40,407)	$	(2,673)	$	33,087	$	(91)	$	32,996
Net income (loss)	—		—	—		—		—		(13,228)		—		—		(13,228)		(175)		(13,403)
Other comprehensive income, net	—		—	—		—		—		—		—		(2,538)		(2,538)		(3)		(2,541)
Share-based compensation expense	—		—	—		—		678		—		—		—		678		—		678
Restricted Stock Units	9		—	—		—		(2)		—		—		—		(2)		—		(2)
At March 31, 2024	20,673	$	237	1,681	$	17	$	156,078	$	(92,717)	$	(40,407)	$	(5,211)	$	17,997	$	(269)	$	17,728


	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

Subsequent Events (Details) - Union Square Construction Financing [Member] - Subsequent Event [Member]	Apr. 23, 2024 item
Subsequent Event [Line Items]
Number of extension options exercised	2
Extension period	12 months

Investments In Unconsolidated Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2024

Investments In Unconsolidated Joint Ventures [Abstract]

Summary Of The Investments In Unconsolidated Joint Ventures And Entities



		March 31,		December 31,
(Dollars in thousands)	Interest	2024		2023
Rialto Cinemas	50.0%	$	764	$	848
Mt. Gravatt	33.3%		3,775		3,908
Total investments		$	4,539	$	4,756

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



	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Rialto Cinemas	$	(68)	$	(41)
Mt. Gravatt		43		60
Total equity earnings	$	(25)	$	19

Property And Equipment

3 Months Ended

Mar. 31, 2024

Property And Equipment [Abstract]

Property And Equipment

Note 6 – Property and Equipment

Operating Property, net

Property associated with our operating activities as at March 31, 2024 and December 31, 2023, is summarized as follows:



	March 31,		December 31,
(Dollars in thousands)	2024		2023
Land	$	59,696	$	61,095
Building and improvements		201,096		205,821
Leasehold improvements		50,320		53,984
Fixtures and equipment		148,276		155,156
Construction-in-progress		4,335		4,290
Total cost		463,723		480,346
Less: accumulated depreciation		(209,914)		(217,929)
Operating property, net	$	253,809	$	262,417

Depreciation expense for operating property was $4.1 million for the three months ended March 31, 2024, and $4.6 million for three months ended March 31, 2023.

Investment and Development Property, net

Our investment and development property as of March 31, 2024 and December 31, 2023, is summarized below:



	March 31,		December 31,
(Dollars in thousands)	2024		2023
Land	$	3,642	$	3,856
Construction-in-progress (including capitalized interest)		4,711		4,933
Investment and development property	$	8,353	$	8,789

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 three months ended March 31, 2024, are shown below:



(Dollars in thousands)	Balance, ‎December 31, ‎2023		Additions during the period		Completed ‎during the ‎period		Foreign ‎currency ‎translation		Balance, ‎March 31, ‎2024
Courtenay Central development		6,412		—		—		(355)		6,057
Cinema developments and improvements		1,658		88		(35)		(14)		1,697
Other real estate projects		1,153		316		(156)		(21)		1,292
Total	$	9,223	$	404	$	(191)	$	(390)	$	9,046

2024 Real Estate Monetizations

Beginning in 2020, we have on an ongoing basis reviewed our various real estate holdings in light of the fact that our cash flow from cinema operations has been adversely affected initially by the governmentally mandated cinema closings ordered in response to the COVID-19 pandemic and then by the lengthy 2023 Hollywood Strikes, and that our overall cash flow continues to be adversely affected by unprecedented increases in interest rates and the impact of inflation and government mandated labor cost increases on our cost of goods sold and cost of operations. Until cinema revenues return to normal and interest rates reduce, other sources of cash will be needed to support our operations and limited funds will be available for capital investment in our properties. Between the fourth quarter of 2020 and the fourth quarter of 2023, we classified as assets held for sale disposal groups and thereafter monetized the following real estate assets: The Auburn/Redyard Entertainment Themed Center (“ETC”), Manukau (land), Coachella (land), the Royal George Theatre, our property in Maitland, New South Wales, our Invercargill, New Zealand cinema and associated ancillary land, and our office building in Culver City (sold in February 2024). A ‘disposal group’ represents assets to be disposed of in a single transaction. A disposal group may represent a single asset, or multiple assets. As of December 31, 2023, we classified as assets held for sale our approximately 26.6 acre parcel of industrial land in Williamsport, Pennsylvania, historically used as a rail yard.

Discussed below are those real estate transactions affecting the presentation in our consolidated balance sheet as of March 31, 2024 and 2023, and the profitability determination in our consolidated statements of income for the three months ended March 31, 2024, and 2023.

Culver City, Los Angeles

In May 2023, we classified our Culver City administrative building, commonly known as 5995 Sepulveda Blvd., as held for sale. Our book value (as opposed to fair value) of the property was $10.8 million, being the lower of cost and fair value less costs to sell. No adjustments to the book value of the assets contained within this disposal group were required. The disposal group consisted of land, a building and various leasehold improvements. The sale was completed on February 23, 2024. The proceeds were used to discharge the $8.3 million first mortgage which the property was encumbered with.

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


	March 31
(Dollars in thousands)	2024
Sales price	$	10,000
Net book value		(10,800)
Loss on sale, gross of direct costs		(800)
Direct sale costs incurred		(325)
Loss on sale, net of direct costs	$	(1,125)

Disposal Groups Held for Sale

2483 Trenton Avenue, Williamsport, Pennsylvania

In June 2023, we classified our approximately 26.6-acre industrial 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, and certain rail bed improvements. 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 by debt.

Borrowings (Minetta And Orpheum Theatres Loan) (Narrative) (Details) - Minetta And Orpheum Theatres Loan [Member] - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Jan. 26, 2024	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt, face amount		$ 8.0
Maturity date	Jun. 01, 2024	Jun. 01, 2024	Jun. 01, 2024

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Description Of Business And Segment Reporting (Reconciliation To Net Income Attributable To Common Shareholders) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Segment operating income (loss)	$ (7,531)	$ (7,880)
Depreciation and amortization expense	(4,205)	(4,639)
General and administrative expense	(5,423)	(5,179)
Equity earnings of unconsolidated joint ventures	(25)	19
Gain (loss) on sale of assets	(1,125)
Other income (expense)	341	174
Income (loss) before income taxes	(13,626)	(11,804)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Segment operating income (loss)	(3,275)	(3,606)
Unallocated Corporate Expense [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expense	(102)	(179)
General and administrative expense	(4,154)	(4,095)
Interest expense, net	$ (5,286)	$ (4,117)

Consolidated Statements Of Income - USD ($) $ in Thousands	3 Months Ended
Consolidated Statements Of Income - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Revenue
Total revenue	$ 45,052	$ 45,807
Costs and expenses
Depreciation and amortization	(4,205)	(4,639)
General and administrative	(5,423)	(5,179)
Total costs and expenses	(52,583)	(53,687)
Operating income (loss)	(7,531)	(7,880)
Interest expense, net	(5,286)	(4,117)
Gain (loss) on sale of assets	(1,125)
Other income (expense)	341	174
Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures	(13,601)	(11,823)
Equity earnings of unconsolidated joint ventures	(25)	19
Income (loss) before income taxes	(13,626)	(11,804)
Income tax benefit (expense)	223	480
Net income (loss)	(13,403)	(11,324)
Less: net income (loss) attributable to noncontrolling interests	(175)	(213)
Net income (loss) attributable to Reading International, Inc.	$ (13,228)	$ (11,111)
Basic earnings (loss) per share	$ (0.59)	$ (0.50)
Diluted earnings (loss) per share	$ (0.59)	$ (0.50)
Weighted average number of shares outstanding-basic	22,348,994	22,114,927
Weighted average number of shares outstanding-diluted	22,348,994	22,114,927
Cinema [Member]
Revenue
Total revenue	$ 41,271	$ 41,987
Costs and expenses
Costs and expenses	(40,720)	(41,654)
Real Estate [Member]
Revenue
Total revenue	3,781	3,820
Costs and expenses
Costs and expenses	$ (2,235)	$ (2,215)

Income Taxes (Details)	3 Months Ended
Income Taxes (Details)	Mar. 31, 2024	Mar. 31, 2023
Income Taxes [Abstract]
Effective tax rate	1.60%	4.10%

Leases (Maturity Of Leases As Lessor) (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Leases [Abstract]
2024	$ 7,105
2025	9,461
2026	7,910
2027	7,131
2028	7,048
Thereafter	22,326
Total	$ 60,981

Hedge Accounting

3 Months Ended

Mar. 31, 2024

Hedge Accounting [Abstract]

Hedge Accounting

Note 18 – Hedge Accounting

As of March 31, 2024, and December 31, 2023, our Company held no derivative instruments. The Company held interest rate derivatives in the first quarter of 2023. The changes in fair value of that instrument were 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 ended March 31, 2024 and March 31, 2023, respectively, the derivative instruments affected Comprehensive Income as follows:


(Dollars in thousands)	Location of Loss Recognized in Income on Derivatives
		Three Months Ended March 31
			2024		2023
Interest rate contracts	Interest expense	$	—	$	(564)
Total		$	—	$	(564)



(Dollars in thousands)	Amount
	Three Months Ended March 31
		2024		2023
Interest rate contracts	$	—	$	18
Total	$	—	$	18


Line Item	Amount
	Three Months Ended March 31
		2024		2023
Interest expense	$	—	$	(564)
Total	$	—	$	(564)

Commitments And Contingencies

3 Months Ended

Mar. 31, 2024

Commitments And Contingencies [Abstract]

Commitments And Contingencies

Note 15 – Commitments and Contingencies

Litigation Matters

We are currently involved in certain legal proceedings and, to the extent 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.

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Measurements [Abstract]

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



			Fair Value Measurement at March 31, 2024
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	167,345	$	—	$	—	$	168,391	$	168,391
Subordinated debt		28,306		—		—		27,771		27,771
	$	195,651	$	—	$	—	$	196,162	$	196,162



			Fair Value Measurement at December 31, 2023
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	181,801	$	—	$	—	$	148,325	$	148,325
Subordinated debt		28,499		—		—		27,832		27,832
	$	210,300	$	—	$	—	$	176,157	$	176,157

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

Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Other Liabilities [Abstract]

Summary Of Other Liabilities Including Pension



	March 31,		December 31,
(Dollars in thousands)	2024		2023
Current liabilities
Lease liability	$	5,900	$	5,900
Accrued pension		525		684
Security deposit payable		70		74
Finance lease liabilities		41		40
Other		33		33
Other current liabilities	$	6,569	$	6,731
Other liabilities
Lease make-good provision		5,929		6,050
Accrued pension		2,678		2,646
Deferred rent liability		1,273		1,314
Environmental reserve		1,656		1,656
Acquired leases		1		2
Finance lease liabilities		32		43
Other non-current liabilities	$	11,569	$	11,711

Earnings Per Share

3 Months Ended

Mar. 31, 2024

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:



	Three Months Ended
	March 31,
(Dollars in thousands, except share data)	2024		2023
Numerator:
Net income (loss) attributable to Reading International, Inc.	$	(13,228)	$	(11,111)
Denominator:
Weighted average number of common stock – basic		22,348,994		22,114,927
Weighted average dilutive impact of awards		—		—
Weighted average number of common stock – diluted		22,348,994		22,114,927
Basic earnings (loss) per share	$	(0.59)	$	(0.50)
Diluted earnings (loss) per share	$	(0.59)	$	(0.50)
Awards excluded from diluted earnings (loss) per share		207,657		783,063

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 three months of 2024 and 2023.

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.

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings (Loss) Per Share



	Three Months Ended
	March 31,
(Dollars in thousands, except share data)	2024		2023
Numerator:
Net income (loss) attributable to Reading International, Inc.	$	(13,228)	$	(11,111)
Denominator:
Weighted average number of common stock – basic		22,348,994		22,114,927
Weighted average dilutive impact of awards		—		—
Weighted average number of common stock – diluted		22,348,994		22,114,927
Basic earnings (loss) per share	$	(0.59)	$	(0.50)
Diluted earnings (loss) per share	$	(0.59)	$	(0.50)
Awards excluded from diluted earnings (loss) per share		207,657		783,063

Non-controlling Interests (Components Of Non-controlling Interests) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	$ (269)	$ (91)
Australian Country Cinemas, Pty Ltd [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	60	76
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	(2)	(2)
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	$ (327)	$ (165)

Other Liabilities

3 Months Ended

Mar. 31, 2024

Other Liabilities [Abstract]

Other Liabilities

Note 13 – Other Liabilities

Other liabilities are summarized as follows:



	March 31,		December 31,
(Dollars in thousands)	2024		2023
Current liabilities
Lease liability	$	5,900	$	5,900
Accrued pension		525		684
Security deposit payable		70		74
Finance lease liabilities		41		40
Other		33		33
Other current liabilities	$	6,569	$	6,731
Other liabilities
Lease make-good provision		5,929		6,050
Accrued pension		2,678		2,646
Deferred rent liability		1,273		1,314
Environmental reserve		1,656		1,656
Acquired leases		1		2
Finance lease liabilities		32		43
Other non-current liabilities	$	11,569	$	11,711

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 $3.2 million on March 31, 2024. The benefits of our pension plan are fully vested and therefore no service costs were recognized for the three months ended March 31, 2024, and 2023. Our pension plan is unfunded.

During the quarter ended March 31, 2024, the interest cost was $44,000, and the actuarial loss was $52,000. During the quarter ended March 31, 2023, the interest cost was $50,000, and the actuarial loss was $52,000.

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 7,501	$ 12,906
Restricted cash	831	2,535
Receivables	7,104	7,561
Inventories	1,318	1,648
Prepaid and other current assets	3,069	2,881
Land and property held for sale	460	11,179
Total current assets	20,283	38,710
Operating property, net	253,809	262,417
Operating lease right-of-use assets	172,201	181,542
Investment and development property, net	8,353	8,789
Investment in unconsolidated joint ventures	4,539	4,756
Goodwill	24,671	25,535
Intangible assets, net	1,944	2,038
Deferred tax asset, net	112	299
Other assets	8,948	8,965
Total assets	494,860	533,051
Current Liabilities:
Accounts payable and accrued liabilities	47,826	43,828
Film rent payable	5,481	6,038
Debt - current portion	41,464	34,484
Subordinated debt - current portion	393	586
Taxes payable - current	1,025	1,376
Deferred revenue	9,893	10,993
Operating lease liabilities - current portion	22,198	23,047
Other current liabilities	6,569	6,731
Total current liabilities	134,849	127,083
Debt - long-term portion	125,459	146,605
Subordinated debt, net	27,228	27,172
Noncurrent tax liabilities	6,234	6,586
Operating lease liabilities - non-current portion	171,793	180,898
Other liabilities	11,569	11,711
Total liabilities	477,132	500,055
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 March 31, 2024 and December 31, 2023
Additional paid-in capital	156,078	155,402
Retained earnings/(deficits)	(92,717)	(79,489)
Treasury shares	(40,407)	(40,407)
Accumulated other comprehensive income	(5,211)	(2,673)
Total Reading International, Inc. stockholders’ equity	17,997	33,087
Noncontrolling Interests	(269)	(91)
Total Stockholders' Equity	17,728	32,996
Total Liabilities and Stockholders’ Equity	494,860	533,051
Class A [Member]
Stockholders' equity:
Common stock	237	237
Class B [Member]
Stockholders' equity:
Common stock	$ 17	$ 17

Fair Value Measurements (Schedule Of Fair Value Carried At Cost And Measured On A Nonrecurring Basis) (Details) - Nonrecurring [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable	$ 168,391	$ 148,325
Subordinated debt	27,771	27,832
Financial liabilities total	196,162	176,157
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable	168,391	148,325
Subordinated debt	27,771	27,832
Financial liabilities total	196,162	176,157
Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable	167,345	181,801
Subordinated debt	28,306	28,499
Financial liabilities total	$ 195,651	$ 210,300

Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2024

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		Total
Balance at January 1, 2024	$	(986)	$	(18)	$	(1,669)	$	(2,673)

Net current-period other comprehensive income (loss)		(2,592)		2		52		(2,538)
Balance at March 31, 2024	$	(3,578)	$	(16)	$	(1,617)	$	(5,211)

Investments In Unconsolidated Joint Ventures (Summary Of Equity Earnings (Losses) From Investments In Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Equity Method Investments [Line Items]
Total equity earnings	$ (25)	$ 19
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Total equity earnings	(68)	(41)
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Total equity earnings	$ 43	$ 60

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Consolidated Statements Of Comprehensive Income [Abstract]
Net income (loss)	$ (13,403)	$ (11,324)
Foreign currency translation gain (loss)	(2,592)	(763)
Gain (loss) on cash flow hedges		(582)
Other	51	52
Comprehensive income (loss)	(15,944)	(12,617)
Less: net income (loss) attributable to noncontrolling interests	(175)	(213)
Less: comprehensive income (loss) attributable to noncontrolling interests	(1)	(1)
Comprehensive income (loss)	$ (15,768)	$ (12,403)

- 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

Amount of Net Income (Loss) attributable to noncontrolling interest.

+ References + Details

- Definition

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

+ References

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+ Details

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2024	May 14, 2024
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	1-8625
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
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
Entity Address, Address Line Two	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		20,745,819
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

Leases (Supplemental Cash Flow Information Related To Leases) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating cash flows for finance leases	$ 11	$ 9
Operating cash flows for operating leases	$ 7,391	$ 8,435

Earnings Per Share (Computation Of Basic And Diluted Earnings (Loss) Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net income (loss) attributable to Reading International, Inc.	$ (13,228)	$ (11,111)
Weighted average number of shares outstanding-basic	22,348,994	22,114,927
Weighted average number of common stock – diluted	22,348,994	22,114,927
Basic earnings (loss) per share	$ (0.59)	$ (0.50)
Diluted earnings (loss) per share	$ (0.59)	$ (0.50)
Awards excluded from diluted earnings (loss) per share	207,657	783,063

- Definition

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

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

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Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ 33,087
Net current-period other comprehensive income (loss)	(2,541)	$ (1,294)
Balance	17,997
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(986)
Net current-period other comprehensive income (loss)	(2,592)
Balance	(3,578)
Unrealized Gain (Losses) On Available-For-Sale Investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(18)
Net current-period other comprehensive income (loss)	2
Balance	(16)
Accrued Pension Service Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(1,669)
Net current-period other comprehensive income (loss)	52
Balance	(1,617)
Accumulated Other Comprehensive Income/(Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(2,673)
Net current-period other comprehensive income (loss)	(2,538)	$ (1,293)
Balance	$ (5,211)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Amount after tax and reclassification adjustments of other comprehensive income (loss).

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+ Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

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+ Details

Description Of Business And Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Description Of Business And Segment Reporting [Abstract]

Summary Of Results Of Operations For Principal Business Segments



	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Revenue:
Cinema exhibition	$	41,271	$	41,987
Real estate		4,933		5,065
Inter-segment elimination		(1,152)		(1,245)
	$	45,052	$	45,807
Segment operating income (loss):
Cinema exhibition	$	(4,165)	$	(4,612)
Real estate		890		1,006
	$	(3,275)	$	(3,606)

Reconciliation To Net Income Attributable To Common Shareholders



	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Segment operating income (loss)	$	(3,275)	$	(3,606)
Unallocated corporate expense
Depreciation and amortization expense		(102)		(179)
General and administrative expense		(4,154)		(4,095)
Interest expense, net		(5,286)		(4,117)
Equity earnings of unconsolidated joint ventures		(25)		19
Gain (loss) on sale of assets		(1,125)		—
Other income (expense)		341		174
Income (loss) before income tax expense	$	(13,626)	$	(11,804)

Property And Equipment (Construction-In-Progress Balance) (Details) - Operating And Investing Properties [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Property, Plant and Equipment [Line Items]
Balance	$ 9,223
Additions during the period	404
Completed during the period	(191)
Foreign currency translation	(390)
Balance	9,046
Courtenay Central Development [Member]
Property, Plant and Equipment [Line Items]
Balance	6,412
Foreign currency translation	(355)
Balance	6,057
Cinema Developments And Improvements [Member]
Property, Plant and Equipment [Line Items]
Balance	1,658
Additions during the period	88
Completed during the period	(35)
Foreign currency translation	(14)
Balance	1,697
Other Real Estate Projects [Member]
Property, Plant and Equipment [Line Items]
Balance	1,153
Additions during the period	316
Completed during the period	(156)
Foreign currency translation	(21)
Balance	$ 1,292

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended
Earnings Per Share (Narrative) (Details) - shares	Mar. 31, 2024	Mar. 31, 2023
Class A [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares repurchased plan, shares	0	0

- Definition

+ References + Details

Borrowings

3 Months Ended

Mar. 31, 2024

Borrowings [Abstract]

Borrowings

Note 12 – Borrowings

Our Company’s borrowings at March 31, 2024 and December 31, 2023, net of deferred financing costs and including the impact of interest rate derivatives on effective interest rates, are summarized below:



	As of March 31, 2024
(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	$	27,228	9.58%	9.58%
Bank of America Credit Facility (US)	August 18, 2025		17,750		17,750		17,665	11.50%	11.50%
Cinemas 1, 2, 3 Term Loan (US)	October 1, 2024		20,928		20,928		20,739	8.83%	8.83%
Minetta & Orpheum Theatres Loan (US)	June 1, 2024		8,000		8,000		7,984	7.00%	7.00%
Union Square Financing (US)(2)	May 6, 2024		55,000		47,141		47,087	12.52%	12.52%
Purchase Money Promissory Note (US)	September 18, 2024		393		393		393	5.00%	5.00%
Denominated in foreign currency ("FC") ⁽³⁾
NAB Corporate Term Loan (AU)(2)	July 31, 2025		65,240		65,240		65,162	6.10%	6.10%
Westpac Bank Corporate (NZ)	January 1, 2025		8,286		8,286		8,286	8.20%	8.20%
		$	203,510	$	195,651	$	194,544

(1)Net of deferred financing costs amounting to $1.1 million.

(2)This facility was amended after March 31, 2024. See the discussion below.

(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 March 31, 2024.



	As of December 31, 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	$	27,172	9.65%	9.65%
Bank of America Credit Facility (US)(3)	September 4, 2024		20,200		20,200		20,080	11.00%	11.00%
Cinemas 1, 2, 3 Term Loan (US)	October 1, 2024		21,008		21,008		20,780	8.84%	8.84%
Minetta & Orpheum Theatres Loan (US)	June 1, 2024		8,000		8,000		8,000	8.34%	8.34%
U.S. Corporate Office Term Loan (US)	January 1, 2027		8,401		8,401		8,356	4.64% / 4.44%	4.64% / 4.44%
Union Square Financing (US)	May 6, 2024		55,000		47,141		46,925	12.53%	12.53%
Purchase Money Promissory Note (US)	September 18, 2024		586		586		586	5.00%	5.00%
Denominated in foreign currency ("FC")(2)
NAB Corporate Term Loan (AU)	July 31, 2025		68,276		68,276		68,173	6.11%	6.11%
Westpac Bank Corporate (NZ)	January 1, 2025		8,775		8,775		8,775	8.20%	8.20%
Total		$	218,159	$	210,300	$	208,847

(1)Net of deferred financing costs amounting to $1.5 million.

(2)The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2023.

(3)This financing facility was extended after December 31, 2023.

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



	March 31,		December 31,
Balance Sheet Caption (Dollars in thousands)	2024		2023
Debt - current portion	$	41,464	$	34,484
Debt - long-term portion		125,459		146,605
Subordinated debt - current portion		393		586
Subordinated debt - long-term portion		27,228		27,172
Total borrowings	$	194,544	$	208,847

Bank of America Credit Facility

Our Bank of America facility was amended on March 27, 2024, to among other terms and conditions, (i) extend the Maturity Date to August 18, 2025, (ii) require a $275,000 principal paydown, (iii) eliminate the minimum liquidity covenant, (iv) reduce the principal amortization amounts and provide a principal holiday period, and (v) require certain paydowns on the sale of certain real estate assets. Interest is charged at 3.0% above the Bank of America Prime rate, which itself has a floor of 1.0%. Payment-in-kind interest at a rate of 0.5% commenced on January 1, 2024, and will continue until December 31, 2024, increasing to 1.5% on January 1, 2025, until the facility is repaid in full. This loan is subject to mandatory prepayment out of a portion of the net proceeds realized by us in the event that we determine to sell certain specified assets.

Minetta and Orpheum Theatres Loan

On November 1, 2023, our $8.0 million loan with Santander Bank, which is secured by our Minetta and Orpheum Theatres, matured. On January 26, 2024, we extended this loan for a further six months to June 1, 2024, while a full refinancing is pursued.

Cinemas 1,2,3 Term Loan

Our Cinemas 1,2,3 Term Loan is held by Sutton Hill Properties LLC (“SHP”), a 75% owned subsidiary of RDI. On September 29, 2023, we extended the maturity of this loan from October 3, 2023, to October 1, 2024. The loan is with Valley National Bank, carries an interest rate of 3.50% above monthly SOFR, with a floor of 7.50%, and includes provisions for a prepaid interest reserve.

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. Following the phase out of LIBOR, the facility bears a variable interest rate of TERM SOFR plus 6.9% and includes provisions for a prepaid interest and property tax reserve fund. On April 23, 2024, we executed the first 12 month extension on this loan, taking the maturity to May 6, 2025. The loan has one remaining 12-month option to extend, and may be repaid at any time, without the payment of any premium. As this option is within our control, we will continue to keep the loan classified as long-term.

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.

U.S. Corporate Office Term Loan

We repaid this $8.4 million loan in full in February 2024, with a portion of the proceeds from the sale of our Culver City office building.

Debt denominated in foreign currencies

Westpac Bank Corporate Credit Facility (NZ)

Our Westpac Corporate Credit Facility for NZ$13.8 million matures on January 1, 2025. 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 quarter ending March 31, 2024.

Australian NAB Corporate Term Loan (AU)

Prior to March 31, 2024, our Revolving Corporate Markets Loan Facility with National Australia Bank (“NAB”) matured on July 31, 2025. 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 and (ii) a Bank Guarantee Facility of AU$5.0 million at a rate of 1.9% per annum.

On April 4, 2024, we amended this facility, which now matures on July 31, 2026. As part of the amendment, we obtained an additional AU$20.0 million corporate loan facility which matures on March 31, 2025 (or earlier, upon the sale of certain assets), and modified certain covenants. We are also required, from March 31, 2025, to make quarterly repayments of AU$1.5 million against the AU$100.0 million Corporate Loan facility, until maturity date, representing permanent reductions in that facility’s ceiling. The bank guarantee facility was reduced to AU$3.0 million.

- 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.

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+ Details

Stock-Based Compensation And Stock Repurchases

3 Months Ended

Mar. 31, 2024

Stock-Based Compensation and Stock Repurchase [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 (as amended, the “2020 Plan”). Under the 2020 Plan, the number of permitted authorized shares for issuance was originally set at 1,250,000, plus any shares reserved for awards outstanding under the 2010 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. On December 7, 2023, the Company’s stockholders,

upon recommendation of the Company’s board of directors, approved the First Amendment to the 2020 Stock Incentive Plan, increasing the number of Class A Common Stock reserved for issuance under the 2020 Plan by an additional 971,807 shares.

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 March 31, 2024, there were 1,468,375 shares of Class A Common Stock 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.

Stock options to purchase 207,657 shares of Class A Common Stock were issued to the Board of Directors upon their reelection to the Board in December 2023 for their services for their 2024 term. No other stock options were granted in 2023 or during the first quarter of 2024.

For the three months ended March 31, 2024, and 2023, we recorded a compensation expense of $49,000 and $9,000, respectively, with respect to our prior stock option grants. At March 31, 2024, the total unrecognized estimated compensation expense related to non-vested stock options was $147,000, which we expect to recognize over a weighted average vesting period of 0.75 years. The intrinsic, unrealized value of all options outstanding vested and expected to vest, at March 31, 2024, was nil, as the closing price of our Class A Common Stock on that date was $1.82.

The following table summarizes the number of options outstanding and exercisable as of March 31, 2024, and December 31, 2023:



	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, 2022	327,498	$	15.87	1.24	$	—
Granted	207,657		1.92	—		—
Exercised	—		—	—		—
Forfeited	(122,376)		—	—		—
Balance - December 31, 2023	412,779	$	14.19	1.79	$	—
Granted	—		—	—		—
Exercised	—		—	—		—
Forfeited	(205,122)		—	—		—
Balance - March 31, 2024	207,657	$	1.92	9.69	$	—

Restricted Stock Units

The following table summarizes the status of RSUs granted to date as of March 31, 2024:



	Restricted Stock Units
	RSU Grants (in units)			Vested,	Unvested,	Forfeited,
Grant Date	Directors	Management	Total ‎Grants	March 31, ‎2024	March 31, ‎2024	March 31, ‎2024

Opening balance	265,755	793,353	1,059,108	839,176	156,278	63,654

April 18, 2022	—	428,899	428,899	75,721	306,638	46,540
December 15, 2022	73,683	—	73,683	73,683	—	—
April 11, 2023	—	413,536	413,536	—	404,504	9,032
April 21, 2023	—	237,719	237,719	—	229,194	8,525
April 28, 2023	—	20,427	20,427	—	20,427	—

Total	339,438	1,893,934	2,233,372	988,580	1,117,041	127,751

Time vested RSU awards to management typically vest 25% on the anniversary of the grant date and the remainder 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 vesting 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 52,360 RSUs, vesting on April 21, 2024.

For the three months ended March 31, 2024, and 2023, we recorded compensation expense of $628,000 and $434,000, respectively. The total unrecognized compensation expense related to the non-vested RSUs was $3.0 million as of March 31, 2024, which we expect to recognize over a weighted average vesting period of 1.29 years.

Stock Repurchase Program

Our Stock Repurchase Program expired on March 10, 2024. No stock has been repurchased by our Company since March 10, 2020.

Goodwill And Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill And Intangible Assets [Abstract]

Summary Of Goodwill



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at December 31, 2023	$	20,311	$	5,224	$	25,535
Foreign currency translation adjustment		(864)		—		(864)
Balance at March 31, 2024	$	19,447	$	5,224	$	24,671

Summary Of Intangible Assets Other Than Goodwill



	As of March 31, 2024
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	11,247	$	9,024	$	4,363	$	24,634
Less: Accumulated amortization		(11,070)		(7,997)		(3,615)		(22,682)
Less: Impairments		—		—		(8)		(8)
Net intangible assets other than goodwill	$	177	$	1,027	$	740	$	1,944



	As of December 31, 2023
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	11,283	$	9,024	$	4,400	$	24,707
Less: Accumulated amortization		(11,089)		(7,961)		(3,611)		(22,661)
Less: Impairments		—		—		(8)		(8)
Net intangible assets other than goodwill	$	194	$	1,063	$	781	$	2,038

Summary Of Amortization Expense



	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Beneficial lease amortization	$	21	$	15
Other amortization		60		53
Total intangible assets amortization	$	81	$	68

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Borrowings (Cinema 1, 2, 3 Term Loan) (Narrative) (Details)	Mar. 31, 2024
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]
Debt Instrument Floor Interest Rate	7.50
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| US Cinema 1, 2, 3 Term Loan [Member]
Debt Instrument [Line Items]
Interest rate	3.50%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Borrowings (Bank Of America Credit Facility) (Narrative) (Details) - Bank Of America Credit Facility [Member] - USD ($)			3 Months Ended	12 Months Ended
	Jan. 01, 2025	Mar. 27, 2024	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment, Principal		$ 275,000
Payment in kind interest rate			0.50%
Maturity date		Aug. 18, 2025	Aug. 18, 2025	Sep. 04, 2024
Scenario, Forecast [Member]
Debt Instrument [Line Items]
Payment in kind interest rate	1.50%
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%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Leases (Narrative) (Details)	Mar. 31, 2024
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

Stock-Based Compensation And Stock Repurchases (Schedule Of Restricted Stock Units Issued And Vested) (Details) - Restricted Stock Units (RSUs) [Member] - shares	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted	2,233,372	1,059,108
Number of options, Vesting	988,580	839,176
Number of options, Unvested	1,117,041	156,278
Number of options, Forfeited	127,751	63,654
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	306,638
Number of options, Forfeited	46,540
Award Date 9 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted	73,683
Number of options, Vesting	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	404,504
Number of options, Forfeited	9,032
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	229,194
Number of options, Forfeited	8,525
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	265,755
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	793,353
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

Summary Of Significant Accounting Policies (Policy)	3 Months Ended
Summary Of Significant Accounting Policies (Policy)	Mar. 31, 2024
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, 2023 (“2023 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 ended March 31, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024.
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

Leases (Components Of Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Amortization of right-of-use assets	$ 10	$ 8
Interest on lease liabilities	1
Operating lease cost	7,801	8,208
Variable lease cost	511	271
Total lease cost	$ 8,323	$ 8,487

Non-controlling Interests (Summary Of Changes In Controlling And Non-controlling Stockholders’ Equity) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Noncontrolling Interest [Line Items]
Balance	$ (40,407,000)
Balance	32,996,000	$ 63,279,000
Net income (loss)	(13,403,000)	(11,324,000)
Other comprehensive income, net	(2,541,000)	(1,294,000)
Share-based compensation expense	678,000	443,000
Restricted Stock Units	(2,000)	(132,000)
Balance	17,728,000	50,972,000
Balance	(40,407,000)
Additional Paid-In Capital [Member]
Noncontrolling Interest [Line Items]
Balance	155,402,000	153,784,000
Share-based compensation expense	678,000	443,000
Restricted Stock Units	(2,000)	(132,000)
Balance	156,078,000	154,095,000
Retained Earnings (Accumulated Deficit) [Member]
Noncontrolling Interest [Line Items]
Balance	(79,489,000)	(48,816,000)
Net income (loss)	(13,228,000)	(11,111,000)
Balance	(92,717,000)	(59,927,000)
Treasury Shares [Member]
Noncontrolling Interest [Line Items]
Balance	(40,407)	(40,407)
Balance	(40,407)	(40,407)
Accumulated Other Comprehensive Income/(Loss) [Member]
Noncontrolling Interest [Line Items]
Balance	(2,673,000)	(1,957,000)
Other comprehensive income, net	(2,538,000)	(1,293,000)
Balance	(5,211,000)	(3,250,000)
Reading International Inc. Stockholders' Equity [Member]
Noncontrolling Interest [Line Items]
Balance	33,087,000	62,856,000
Net income (loss)	(13,228,000)	(11,111,000)
Other comprehensive income, net	(2,538,000)	(1,293,000)
Share-based compensation expense	678,000	443,000
Restricted Stock Units	(2,000)	(132,000)
Balance	17,997,000	50,763,000
Noncontrolling Interests [Member]
Noncontrolling Interest [Line Items]
Balance	(91,000)	423,000
Net income (loss)	(175,000)	(213,000)
Other comprehensive income, net	(3,000)	(1,000)
Balance	$ (269,000)	209,000
Class A [Member]
Noncontrolling Interest [Line Items]
Balance, shares	20,666,516
Balance, shares	20,675,185
Class A [Member] \| Common Stock Shares Outstanding [Member]
Noncontrolling Interest [Line Items]
Balance	$ 237,000	$ 235,000
Balance, shares	20,664	20,410
Restricted Stock Units, shares	9	89
Balance	$ 237,000	$ 235,000
Balance, shares	20,673	20,499
Class B [Member]
Noncontrolling Interest [Line Items]
Balance, shares	1,680,590
Balance, shares	1,680,590
Class B [Member] \| Common Stock Shares Outstanding [Member]
Noncontrolling Interest [Line Items]
Balance	$ 17,000	$ 17,000
Balance, shares	1,681	1,680
Balance	$ 17,000	$ 17,000
Balance, shares	1,681	1,680

Investments In Unconsolidated Joint Ventures (Narrative) (Details) - item	Mar. 31, 2024	Dec. 31, 2023
Investments In Unconsolidated Joint Ventures [Abstract]
Number of joint venture investments	2	2

Stock-Based Compensation And Stock Repurchases (Narrative) (Details) - USD ($)			3 Months Ended		12 Months Ended
	Dec. 07, 2023	Apr. 30, 2021	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase value			$ 0
Share conversion ratio			1
Number of Stock Options, Granted			0		0
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense			$ 49,000	$ 9,000
Unrecognized estimated compensation cost related to non-vested stock options granted			$ 147,000
Recognition period of unrecognized compensation cost			9 months
value of all options outstanding, vested and expected to vest
Share price			$ 1.82
Minimum [Member] \| 2020 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of stock options and RSU			1 year
Maximum [Member] \| 2020 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of stock options and RSU			4 years
Stock option expiry period			5 years
Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased plan, shares			0	0
Number of Stock Options, Granted					207,657
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
Additional shares authorized	971,807		1,468,375
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense			$ 628,000	$ 434,000
Unrecognized estimated compensation cost related to non-vested stock options granted			$ 3,000,000.0
Vesting period of stock options and RSU			1 year 3 months 14 days
Number of options, Granted			2,233,372		1,059,108
Restricted Stock Units (RSUs) [Member] \| Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			85,139
Restricted Stock Units (RSUs) [Member] \| Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			52,360
Restricted Stock Units (RSUs) [Member] \| Award Date 11 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			237,719
Restricted Stock Units (RSUs) [Member] \| Award Date 10 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			413,536
Restricted Stock Units (RSUs) [Member] \| Award Date 12 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			20,427
Restricted Stock Units (RSUs) [Member] \| Award Date 9 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			73,683
Restricted Stock Units (RSUs) [Member] \| Award Date 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			428,899
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] \| Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options, Granted			207,657
Directors [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			339,438		265,755
Directors [Member] \| Restricted Stock Units (RSUs) [Member] \| Award Date 9 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			73,683
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		793,353
Management [Member] \| Restricted Stock Units (RSUs) [Member] \| Award Date 11 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			237,719
Management [Member] \| Restricted Stock Units (RSUs) [Member] \| Award Date 10 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			413,536
Management [Member] \| Restricted Stock Units (RSUs) [Member] \| Award Date 12 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			20,427
Management [Member] \| Restricted Stock Units (RSUs) [Member] \| Award Date 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			428,899
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%

Goodwill And Intangible Assets (Summary Of Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	$ 81	$ 68
Beneficial Lease Amortization [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	21	15
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	$ 60	$ 53

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
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 1.6% and 4.1% for the three months ended March 31, 2024 and 2023, respectively. The difference is primarily due to an increase in reserve for unrecognized tax benefits in 2024. 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
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
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-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
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+ Details

Borrowings (Tables)

3 Months Ended

Mar. 31, 2024

Borrowings [Abstract]

Summary Of Borrowings



	As of March 31, 2024
(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	$	27,228	9.58%	9.58%
Bank of America Credit Facility (US)	August 18, 2025		17,750		17,750		17,665	11.50%	11.50%
Cinemas 1, 2, 3 Term Loan (US)	October 1, 2024		20,928		20,928		20,739	8.83%	8.83%
Minetta & Orpheum Theatres Loan (US)	June 1, 2024		8,000		8,000		7,984	7.00%	7.00%
Union Square Financing (US)(2)	May 6, 2024		55,000		47,141		47,087	12.52%	12.52%
Purchase Money Promissory Note (US)	September 18, 2024		393		393		393	5.00%	5.00%
Denominated in foreign currency ("FC") ⁽³⁾
NAB Corporate Term Loan (AU)(2)	July 31, 2025		65,240		65,240		65,162	6.10%	6.10%
Westpac Bank Corporate (NZ)	January 1, 2025		8,286		8,286		8,286	8.20%	8.20%
		$	203,510	$	195,651	$	194,544

(1)Net of deferred financing costs amounting to $1.1 million.

(2)This facility was amended after March 31, 2024. See the discussion below.

(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 March 31, 2024.



	As of December 31, 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	$	27,172	9.65%	9.65%
Bank of America Credit Facility (US)(3)	September 4, 2024		20,200		20,200		20,080	11.00%	11.00%
Cinemas 1, 2, 3 Term Loan (US)	October 1, 2024		21,008		21,008		20,780	8.84%	8.84%
Minetta & Orpheum Theatres Loan (US)	June 1, 2024		8,000		8,000		8,000	8.34%	8.34%
U.S. Corporate Office Term Loan (US)	January 1, 2027		8,401		8,401		8,356	4.64% / 4.44%	4.64% / 4.44%
Union Square Financing (US)	May 6, 2024		55,000		47,141		46,925	12.53%	12.53%
Purchase Money Promissory Note (US)	September 18, 2024		586		586		586	5.00%	5.00%
Denominated in foreign currency ("FC")(2)
NAB Corporate Term Loan (AU)	July 31, 2025		68,276		68,276		68,173	6.11%	6.11%
Westpac Bank Corporate (NZ)	January 1, 2025		8,775		8,775		8,775	8.20%	8.20%
Total		$	218,159	$	210,300	$	208,847

(1)Net of deferred financing costs amounting to $1.5 million.

(2)The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2023.

(3)This financing facility was extended after December 31, 2023.

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



	March 31,		December 31,
Balance Sheet Caption (Dollars in thousands)	2024		2023
Debt - current portion	$	41,464	$	34,484
Debt - long-term portion		125,459		146,605
Subordinated debt - current portion		393		586
Subordinated debt - long-term portion		27,228		27,172
Total borrowings	$	194,544	$	208,847

- 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

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+ Details

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
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	33,611,296	33,602,627
Common stock, shares outstanding	20,675,185	20,666,516
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

Description Of Business And Segment Reporting

3 Months Ended

Mar. 31, 2024

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 ended March 31, 2024, and 2023, 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.



	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Revenue:
Cinema exhibition	$	41,271	$	41,987
Real estate		4,933		5,065
Inter-segment elimination		(1,152)		(1,245)
	$	45,052	$	45,807
Segment operating income (loss):
Cinema exhibition	$	(4,165)	$	(4,612)
Real estate		890		1,006
	$	(3,275)	$	(3,606)

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



	Three Months Ended
	March 31,
(Dollars in thousands)	2024		2023
Segment operating income (loss)	$	(3,275)	$	(3,606)
Unallocated corporate expense
Depreciation and amortization expense		(102)		(179)
General and administrative expense		(4,154)		(4,095)
Interest expense, net		(5,286)		(4,117)
Equity earnings of unconsolidated joint ventures		(25)		19
Gain (loss) on sale of assets		(1,125)		—
Other income (expense)		341		174
Income (loss) before income tax expense	$	(13,626)	$	(11,804)

Prepaid And Other Assets

3 Months Ended

Mar. 31, 2024

Prepaid And Other Assets [Abstract]

Prepaid And Other Assets

Note 10 – Prepaid and Other Assets

Prepaid and other assets are summarized as follows:



	March 31,		December 31,
(Dollars in thousands)	2024		2023
Prepaid and other current assets
Prepaid expenses	$	1,907	$	1,813
Prepaid taxes		597		802
Income taxes receivable		245		—
Deposits		302		249
Investments in marketable securities		18		17
Total prepaid and other current assets	$	3,069	$	2,881
Other non-current assets
Other non-cinema and non-rental real estate assets		674		674
Investment in Reading International Trust I		838		838
Straight-line rent asset		7,426		7,445
Long-term deposits		10		8
Total other non-current assets	$	8,948	$	8,965

Borrowings (Westpac Bank Corporate Credit Facility (NZ)) (Narrative) (Details) $ in Thousands, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2024 NZD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Contractual facility		$ 203,510	$ 218,159
Westpac Bank Corporate Credit Facility [Member]
Debt Instrument [Line Items]
Contractual facility	$ 13.8	$ 8,286	$ 8,775
Maturity date	Jan. 01, 2025	Jan. 01, 2025	Jan. 01, 2025
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%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Prepaid And Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Prepaid And Other Assets [Abstract]
Prepaid expenses	$ 1,907	$ 1,813
Prepaid taxes	597	802
Income taxes receivable	245
Deposits	302	249
Investments in marketable securities	18	17
Total prepaid and other current assets	3,069	2,881
Other non-cinema and non-rental real estate assets	674	674
Investment in Reading International Trust I	838	838
Straight-line rent asset	7,426	7,445
Long-term deposits	10	8
Total other non-current assets	$ 8,948	$ 8,965

Other Liabilities (Summary Of Other Liabilities Including Pension) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Pension And Other Liabilities [Abstract]
Lease liability	$ 5,900	$ 5,900
Accrued pension	525	684
Security deposit payable	70	74
Finance lease liabilities	41	40
Other	33	33
Other current liabilities	6,569	6,731
Lease make-good provision	5,929	6,050
Accrued pension	2,678	2,646
Deferred rent liability	1,273	1,314
Environmental reserve	1,656	1,656
Acquired leases	1	2
Finance lease liabilities	32	43
Other non-current liabilities	$ 11,569	$ 11,711

Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2024

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		Total
Balance at January 1, 2024	$	(986)	$	(18)	$	(1,669)	$	(2,673)

Net current-period other comprehensive income (loss)		(2,592)		2		52		(2,538)
Balance at March 31, 2024	$	(3,578)	$	(16)	$	(1,617)	$	(5,211)