View Filing Data

8,542

10,037

^[1]

24,908

28,667

^[1]

Other assets

4,543

13,949

^[1]

LIABILITIES AND STOCKHOLDERS' EQUITY

423,026

405,766

^[1]

Accounts payable and accrued liabilities

34,359

26,479

^[1]

Film rent payable

13,511

10,528

^[1]

Debt – current portion

8,109

567

^[1]

Taxes payable

2,938

3,523

^[1]

9,850

10,758

^[1]

Total Current Liabilities

11,679

14,131

^[1]

80,446

65,986

^[1]

Debt – long-term portion

94,862

115,707

^[1]

Noncurrent tax liabilities

27,554

27,340

^[1]

12,274

19,953

^[1]

26,649

30,165

^[1]

Commitments and Contingencies

241,785

259,151

^[1]

^[1]

Stockholders' equity:

Nonvoting preferred stock, par value $0.01, 12,000 shares authorized and no issued or outstanding shares at December 31, 2017 and 2016

^[1]

Additional paid-in capital

145,898

144,569

^[1]

Retained earnings

32,679

1,680

^[1]

Treasury shares, at cost

(22,906)

(16,374)

^[1]

Accumulated other comprehensive income

20,991

12,075

^[1]

Total Reading International, Inc. ("RDI") Stockholders' Equity

176,910

142,197

^[1]

Noncontrolling Interests

4,331

4,418

^[1]

181,241

146,615

^[1]

423,026

405,766

^[1]

Class A [Member]

Stockholders' equity:

Common stock

231

230

^[1]

Class B [Member]

Stockholders' equity:

Common stock

$ 17

^[1]

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
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	33,019,565	32,856,267
Common stock, shares outstanding	21,251,291	21,497,717
Class B [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	1,680,590	1,680,590
Common stock, shares outstanding	1,680,590	1,680,590

Consolidated Statements Of Operations
$ in Thousands, $ in Millions

12 Months Ended

Dec. 31, 2017

USD ($)

$ / shares

Dec. 31, 2016

USD ($)

$ / shares

^[1]

Dec. 31, 2015

USD ($)

$ / shares

^[1]

Revenues

Cinema

$ 263,464

$ 256,922

$ 242,823

Real estate

16,270

13,551

15,042

Total Revenues

279,734

270,473

257,865

Costs and Expenses

Cinema

(207,447)

(198,523)

(190,007)

Real estate

(9,437)

(9,044)

(10,948)

General and administrative

(16,942)

(15,689)

(14,562)

(25,347)

(26,906)

(18,652)

(259,173)

(250,162)

(234,169)

20,561

20,311

23,696

Interest expense, net

(6,194)

(6,782)

(7,304)

9,217

(1,421)

Income before income taxes and earnings of unconsolidated joint ventures

9,360

393

11,023

Other income (expense)

588

(63)

(440)

33,532

12,438

26,975

815

999

1,204

34,347

13,437

28,179

(3,337)

(4,020)

(5,148)

Less: Net income (loss) attributable to noncontrolling interests

31,010

9,417

23,031

(79)

Net Income attributable to RDI common interests

$ 30,999

$ 9,403

$ 23,110

Basic income per share attributable to RDI controlling interests | $ / shares

$ 1.35

$ 0.40

$ 0.99

Diluted income per share attributable to RDI controlling interests | $ / shares

$ 1.33

$ 0.40

$ 0.98

Weighted average number of shares outstanding-basic | shares

23,041,190

23,320,048

23,293,696

Weighted average number of shares outstanding-diluted | shares

23,247,969

23,521,157

23,495,618

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Consolidated Statements Of Comprehensive Income - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

^[1]

Dec. 31, 2015

^[1]

Consolidated Statements Of Comprehensive Income [Abstract]

Foreign currency translation gain (loss)

$ 31,010

$ 9,417

$ 23,031

8,810

142

(16,488)

Others

125

127

209

Total Comprehensive Income

39,945

9,686

6,752

Less: Net income (loss) attributable to noncontrolling interests

(79)

Less: Comprehensive income (loss) attributable to noncontrolling interests

(1)

(46)

Comprehensive income attributable to Reading International, Inc.

$ 39,915

$ 9,673

$ 6,877

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Consolidated Statements Of Stockholders' Equity - USD ($)
shares in Thousands, $ in Thousands

Common Stock [Member]

Class A [Member]

Common Stock [Member]

Class B [Member]

Additional Paid-In Capital [Member]

Retained Earnings (Accumulated Deficit) [Member]

Treasury Shares [Member]

Accumulated Other Comprehensive Income/(Loss) [Member]

Reading International Inc. Stockholders' Equity [Member]

Noncontrolling Interests [Member]

Total

Balance at Dec. 31, 2014

$ 228

$ 15

$ 140,237

$ (30,833)

$ (8,582)

$ 28,039

$ 129,104

$ 4,612

$ 133,716

Balance, shares at Dec. 31, 2014

21,741

1,495

Net income (loss)

23,110

(79)

23,031

^[1]

Other comprehensive income (loss), net

(16,233)

(46)

(16,279)

Share-based compensation expense, shares

1,458

Share repurchase plan

(3,110)

Share repurchase plan, shares

(240)

Class A common stock issued for share-based bonuses and options exercised

$ 2

490

492

Class A common stock issued for share-based bonuses and options exercised, shares

235

In-kind exchange of shares for the exercise of options, net issued

$ (1)

$ 2

1,630

(1,832)

(201)

In-kind exchange of shares for the exercise of options, net issued, shares

(89)

Contributions from noncontrolling shareholders

185

Distributions to noncontrolling shareholders

(173)

Balance at Dec. 31, 2015

$ 229

$ 17

143,815

(7,723)

(13,524)

11,806

134,620

4,331

138,951

Balance, shares at Dec. 31, 2015

21,654

1,680

Net income (loss)

9,403

9,417

^[1]

Other comprehensive income (loss), net

269

(1)

268

Share repurchase plan, shares

609

Share repurchase plan

(2,850)

(181)

Class A common stock issued for share-based bonuses and options exercised

$ 2

145

147

Class A common stock issued for share-based bonuses and options exercised, shares

In-kind exchange of shares for the exercise of options, net issued

$ (1)

(1)

In-kind exchange of shares for the exercise of options, net issued, shares

Contributions from noncontrolling shareholders

268

Distributions to noncontrolling shareholders

(194)

Balance at Dec. 31, 2016

$ 230

$ 17

144,569

1,680

(16,374)

12,075

142,197

4,418

146,615

^[2]

Balance, shares at Dec. 31, 2016

21,498

1,680

Net income (loss)

30,999

31,010

Other comprehensive income (loss), net

8,916

8,935

Share repurchase plan, shares

1,000

Share repurchase plan

(6,532)

(410)

Class A common stock issued for share-based bonuses and options exercised

$ 1

329

330

Class A common stock issued for share-based bonuses and options exercised, shares

In-kind exchange of shares for the exercise of options, net issued, shares

Vested options, shares

Contributions from noncontrolling shareholders

193

Distributions to noncontrolling shareholders

(310)

Balance at Dec. 31, 2017

$ 231

$ 17

$ 145,898

$ 32,679

$ (22,906)

$ 20,991

$ 176,910

$ 4,331

$ 181,241

Balance, shares at Dec. 31, 2017

21,251

1,680

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[2]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Consolidated Statements Of Cash Flows
$ in Thousands, $ in Millions

12 Months Ended

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Adjustments to reconcile net income to net cash flows from operating activities:

$ 31,010

$ 9,417

^[1]

$ 23,031

^[1]

Distributions of earnings from unconsolidated joint ventures

(815)

(999)

^[1]

(1,204)

^[1]

798

1,004

1,074

Gain recognized on foreign currency transactions

(563)

Net gain on sale of assets

(9,360)

(393)

^[1]

(11,023)

^[1]

4,073

(5,060)

(4,067)

16,942

15,689

14,562

Other amortization

1,406

1,797

919

(9,217)

1,421

^[1]

Net changes in operating assets and liabilities:

1,000

609

1,458

Receivables

(3,093)

1,296

620

Prepaid and other assets

496

(599)

(2,386)

Accounts payable and accrued expenses

(3,740)

2,843

6,479

Film rent payable

2,764

1,244

282

Taxes payable

(839)

(1,707)

(426)

(7,011)

3,626

(745)

23,851

30,188

28,574

Purchases of and additions to operating and investment properties

(65,903)

(49,166)

(53,119)

Change in restricted cash

178

1,292

Demolition costs of operating property

(3,700)

Distributions from unconsolidated joint ventures

124

296

228

Disposal of investment in unconsolidated joint ventures

(432)

Cash settlement on insurance claim

18,415

5,000

Proceeds from sale of properties

44,677

831

21,889

Net cash used by investing activities

(6,786)

(42,861)

(29,710)

Repayment of long-term borrowings

(106,449)

(63,748)

(35,239)

Proceeds from borrowings

91,030

81,616

10,500

Capitalized borrowing costs

(39)

(3,992)

(248)

Repurchase of Class A nonvoting common stock

(6,532)

(2,850)

(3,310)

Proceeds from stock option exercises

146

492

Noncontrolling interest contributions

193

268

Noncontrolling interest distributions

(310)

(194)

(173)

Net cash provided by / (used in) financing activities

(22,055)

11,246

(27,961)

Net increase (decrease) in cash and cash equivalents

(359)

742

(1,449)

(5,349)

(685)

(30,546)

Cash and cash equivalents at the beginning of the year

19,017

^[2]

19,702

50,248

In-kind exchange of stock for the exercise of options, net

13,668

19,017

^[2]

19,702

Supplemental Disclosures

Interest paid

4,880

5,948

9,023

Income taxes paid, net

9,245

6,607

8,553

Non-Cash Transactions

Lease make-good accrual

$ 35

1,314

788

$ 1,833

Additions to operating and investing properties through accrued expenses

$ 10,804

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[2]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Description Of Business And Segment Reporting

12 Months Ended

Dec. 31, 2017

Description Of Business And Segment Reporting [Abstract]

Description Of Business And Segment Reporting

NOTE 1 – DESCRIPTION OF BUSINESS AND SEGMENT REPORTING

The 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 consist primarily of:

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

the development, ownership, and operation of retail and commercial real estate in the United States, Australia, and New Zealand.

Business Segments

Our business is comprised of two operating segments, as follows: (i) cinema exhibition and (ii) real estate. Each of these segments has discrete and separate financial information and for which operating results are evaluated regularly by our Chief Executive Officer, the chief operating decision-maker of the Company. As part of our real estate segment, we have acquired, and continue to hold, raw land in urban and suburban centers in New Zealand and the United States.

The tables below summarize the results of operations for each of our business segments. Operating expense includes costs associated with the day-to-day operations of the cinemas and the management of rental properties, including our live theater assets.


	2017						2016						2015
(Dollars in thousands)	Cinema		Real Estate		Total		Cinema		Real Estate		Total		Cinema		Real Estate		Total
Revenue - Third party	$	263,464	$	16,270	$	279,734	$	256,922	$	13,551	$	270,473	$	242,823	$	15,042	$	257,865
Inter-segment Revenue (1)		--		7,573		7,573		--		7,366		7,366		--		6,537		6,537
Total Segment Revenue		263,464		23,843		287,307		256,922		20,917		277,839		242,823		21,579		264,402
Operating expense
Cost of services and products - Third party		(207,447)		(9,436)		(216,883)		(198,523)		(9,044)		(207,567)		(190,007)		(10,948)		(200,955)
Inter-segment Cost of services (1)		(7,573)		--		(7,573)		(7,366)		--		(7,366)		(6,537)		--		(6,537)
Total of services and products (excluding depreciation and amortization)		(215,020)		(9,436)		(224,456)		(205,889)		(9,044)		(214,933)		(196,544)		(10,948)		(207,492)
Depreciation and amortization		(12,213)		(4,256)		(16,469)		(11,772)		(3,522)		(15,294)		(11,161)		(3,107)		(14,268)
General and administrative expense		(3,261)		(2,140)		(5,401)		(3,763)		(1,422)		(5,185)		(3,000)		(728)		(3,728)
Total operating expense		(230,494)		(15,832)		(246,326)		(221,424)		(13,988)		(235,412)		(210,705)		(14,783)		(225,488)
Segment operating income	$	32,970	$	8,011	$	40,981	$	35,498	$	6,929	$	42,427	$	32,118	$	6,796	$	38,914

(1) Inter-segment Revenues and Cost of services relates to the internal charge between the two segments where the cinema operates within real estate owned within the group.

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


(Dollars in thousands)	2017		2016		2015
Segment operating income	$	40,981	$	42,427	$	38,914
Unallocated corporate expense:
Depreciation and amortization expense		(473)		(395)		(294)
General and administrative expense		(19,947)		(21,721)		(14,924)
Interest expense, net		(6,194)		(6,782)		(7,304)
Equity earnings of unconsolidated joint ventures		815		999		1,204
Gain on sale of assets		9,360		393		11,023
Casualty gain (loss)		9,217		(1,421)		--
Other income (expense)		588		(63)		(440)
Income before income taxes	$	34,347	$	13,437	$	28,179

Assuming cash and cash equivalents are accounted for as corporate assets, total assets by business segment and by country are presented as follows:


(Dollars in thousands)	December 31, 2017		December 31, 2016
By segment:
Cinema	$	135,184	$	133,057
Real estate		249,245		240,362
Corporate (1)		38,597		32,347
Total assets	$	423,026	$	405,766
By country:
United States	$	188,639	$	161,922
Australia		169,035		170,556
New Zealand		65,352		73,288
Total assets	$	423,026	$	405,766

(1) Corporate Assets includes cash and cash equivalents of $13.7 million and $19.0 million as of December 31, 2017 and 2016, respectively.

The following table sets forth our operating properties by country:


(Dollars in thousands)	December 31, 2017		December 31, 2016
United States	$	89,183	$	75,845
Australia		143,200		103,430
New Zealand		32,341		32,611
Total operating property	$	264,724	$	211,886

The table below summarizes capital expenditures for the three years ended December 31, 2017:


(Dollars in thousands)	2017		2016		2015
Segment capital expenditures	$	76,300	$	49,023	$	52,989
Corporate capital expenditures		408		143		130
Total capital expenditures	$	76,708	$	49,166	$	53,119

Summary Of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Summary Of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Significant Accounting Policies

Basis of Consolidation

Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). These consolidated financial statements include the accounts of our wholly-owned subsidiaries, which are RDGE, CRG, and CDL. We have also consolidated the following entities that are not wholly-owned for which we have control:

Australia Country Cinemas Pty, Limited, a company in which we own a 75% interest and whose only assets are our leasehold cinemas in Townsville and Dubbo, Australia;

Sutton Hill Properties, LLC (“SHP”), a company based in New York in which we own a 75% interest and whose only asset is the fee interest in the Cinemas 1,2,3; and,

Shadow View Land and Farming, LLC in which we own a 50% controlling membership interest and whose only asset is a 202-acre land parcel in Coachella, California.

Our investment interests in certain joint venture arrangements, for which we own between 20% to 50% and for which we have no control over the operations, are accounted for as unconsolidated joint ventures, and hence, recorded in the consolidated financial statements under the equity method. These investment interests include our:

33.3% undivided interest in the unincorporated joint venture that owns the Mt. Gravatt cinema in a suburb of Brisbane, Australia;

50% undivided interest in the unincorporated joint venture that owns Rialto Cinemas.

We consider that we have control over our partially-owned subsidiaries and joint venture interests (collectively “investee”) when these conditions exist:

(i)

we own a majority of the voting rights or interests of the investee (typically above 50%), or

(ii)

in the case when we own less than the majority voting rights or interests, we have the power over the investee when the voting rights or interests are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally.

The Company considers all relevant facts and circumstances in assessing whether or not our voting rights in the investee are sufficient to give it power, including:

(i)

the size of our voting rights and interests relative to the size and dispersion of holdings of other vote holders;

(ii)

potential voting rights and interests held by us;

(iii)

rights and interests arising from other contractual arrangements; and,

(iv)

any additional other relevant facts.

All significant intercompany balances and transactions have been eliminated in the consolidation.

Use of Estimates

The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and footnotes thereto. Hence, actual results may differ from those estimates. Significant estimates and assumptions include, but not limited to:

(i)

projections we make regarding the recoverability and impairment of our assets (including goodwill and intangibles);

(ii)

allocation of insurance proceeds to various recoverable components;

(iii)

recoverability of our deferred tax assets as well as liabilities for transition tax under the Tax Reform Act in 2017; and,

(iv)

estimation of gift card and gift certificate breakage where we have concluded that the likelihood of redemption is remote.

Reclassifications

Certain reclassifications have been made in the 2016 and 2015 comparative information in our consolidated financial statements and accompanying notes to conform to the 2017 presentation. These reclassifications relate to the following immaterial balances:

(i)

reclassification of Investment in Reading International Trust I to “Other assets” line in our consolidated balance sheets;

(ii)

net-off of interest income against interest expense in our consolidated statements of income; and,

(iii)

combination of certain components in our consolidated statements of comprehensive income into one line, “Others”.

Revenue Recognition

(i)

Cinema Exhibition Segment (all net of related taxes):

Sales of Cinema ticket (excluding bulk and advanced ticket sales) and food and beverage (“F&B”) sales – recognized when sold and collected, either in cash or credit card at our theatre locations and through our online selling channels;

Sales of Bulk and Advanced Cinema Ticket Sales – deferred and recognized as revenue when the promised performance or movie that the ticket has been purchased for is shown;

Gift Cards and Gift Certificate Sales – deferred and recognized as revenue when redeemed, except for the breakage portion, as described below;

Breakage Income – represents the balance of gift cards and gift certificates for which we believe the likelihood of redemption by the customer is remote and determined based upon our historical redemption patterns; and,

Advertising Revenues – recognized based on contractual arrangements or relevant admissions information, as appropriate.

(ii)

Real Estate Segment:

Property Rentals –we contractually retain substantially all of the risks and benefits of ownership of our real estate properties and therefore, we account for our tenant leases as operating leases. Accordingly, rental revenue is recognized on a straight-line basis over the lease term; and,

Live Theatre License Fees – determined based on fixed and variable fees (percentage of ticket sales) pursuant to our license agreement with the production companies and is recorded on a weekly basis after performance of a show occurs.

Cash and Cash Equivalents

We consider all highly liquid investments with original maturities of three months or less at the time of purchase as cash equivalents for which cost approximates fair value.

Receivables

Our receivables balance is composed primarily of credit card receivables, representing the purchase price of tickets, food & beverage items, or coupon books sold at our various businesses. Sales charged on customer credit cards are collected when the credit card transactions are processed. The remaining receivables balance is primarily made up of the sales tax refund receivable from our Australian taxing authorities and the management fee receivable from the managed cinemas and property damage insurance recovery proceeds. We have no history of significant bad debt losses and we have established an allowance for accounts that we deem uncollectible.

Inventory

Inventory is composed of food and beverage items in our theater operations and is stated at the lower of cost (first-in, first-out method) or net realizable value.

Restricted Cash

Restricted cash includes those cash accounts for which the use of funds is restricted by any contract or bank covenant. At December 31, 2017 and 2016, our restricted cash balance, included as part of prepaid and other current assets, was $17,000 and $17,000, respectively.

Derivative Financial Instruments

From time-to-time, we purchase interest rate derivative instruments to hedge the interest rate risk that results from the variability of our floating-rate borrowings. Our use of derivative transactions is intended to reduce long-term fluctuations in cash flows caused by market movements. All derivative instruments are recorded on the balance sheet at fair value with changes in fair value through interest expense in the Consolidated Statement of Operations. As of December 31, 2017 and 2016, we do not have material derivative positions nor have designated any of these derivatives as accounting hedges.

Operating Properties, net

Our Operating Properties consists of land, buildings and improvements, leasehold improvements, fixtures and equipment which we use to derive operating income associated with our two business segments, cinema exhibition and real estate. Buildings and improvements, leasehold improvements, fixtures and equipment are initially recorded at the lower of cost or fair market value and depreciated over the useful lives of the related assets. Land is not depreciated. Expenditures relating to renovations, betterments or improvements to existing assets are capitalized if it improves or extends the lives of the respective assets and/or provide long-term future net cash inflows, including the potential for cost savings.

Depreciation and amortization are provided using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are generally as follows:


Building and improvements	15 – 60 years
Leasehold improvements	Shorter of the lease term or useful life of the improvement
Theater equipment	7 years
Furniture and fixtures	5 – 10 years

Investment and Development Properties, net

Investment and Development Properties consists of land, buildings and improvements under development, and their associated capitalized interest and other development costs that we are either holding for development, currently developing, or holding for investment appreciation purposes. These properties are initially recorded at the lower of cost or fair market value. Within this category are building and improvement costs directly associated with the development of potential cinemas (whether for sale or lease), the development of entertainment-themed centers (“ETCs”), or other improvements to real property. As incurred, we expense start-up costs (such as pre-opening cinema advertising and training expense) and other costs not directly related to the acquisition and development of long-term assets. We cease cost capitalization (including interest) on a development property when the property is complete and ready for its intended use, or if activities necessary to get the property ready for its intended use have been substantially curtailed. However, we do not suspend cost capitalization for brief interruptions and interruptions that are externally imposed, such as mandates from governmental authorities.

Impairment of Long-Lived Assets

We review long-lived assets, including goodwill and intangibles, for impairment as part of our annual budgeting process, at the beginning of the fourth quarter, and whenever events or changes in circumstances indicate that the carrying amount of the asset may not be fully recoverable.

We review internal management reports on a monthly basis as well as monitor current and potential future competition in film markets for indications of potential impairment.

(i)

Impairment of Long-lived Assets (other than Goodwill and Intangible Assets with indefinite lives) – we evaluate our long-lived assets and finite-lived intangible assets using historical and projected data of cash flows as our primary indicator of potential impairment and we take into consideration the seasonality of our business. If the sum of the estimated, undiscounted future cash flows is less than the carrying amount of the asset, then an impairment is recognized for the amount by which the carrying value of the asset exceeds its estimated fair value based on an appraisal or a discounted cash flow calculation. For certain non-income producing properties or for those assets with no consistent historical or projected cash flows, we obtain appraisals or other evidence to evaluate whether there are impairment indicators for these assets.

No impairment losses were recorded for long-lived and finite-lived intangible assets for the three years ended December 31, 2017, based on historical information and projected cash flow. We recorded a write-down of the carrying amount of our parking structure adjacent to our Courtenay Central ETC in Wellington, New Zealand due to earthquake damage during the Fourth Quarter of 2016, which was subsequently fully recovered through the final insurance settlement in May 2017. Refer to Note 19 – Insurance Recoveries on Impairment and Related Losses due to Earthquake for further details.

(ii)

Impairment of Goodwill and Intangible Assets with indefinite lives – goodwill and intangible assets with indefinite useful lives are not amortized, but instead, tested for impairment at least annually on a reporting unit basis. The impairment evaluation is based on the present value of estimated future cash flows of the segment plus the expected terminal value. There are significant assumptions and estimates used in determining the future cash flows and terminal value. The most significant assumptions include our cost of debt and cost of equity assumptions that comprise the weighted average cost of capital for each reporting unit. Accordingly, actual results could vary materially from such estimates.

No impairment losses were recorded for goodwill and indefinite-lived intangible assets for the three years ended December 31, 2017.

Variable Interest Entity

The Company enters into relationships or investments with other entities that may be a variable interest entity (“VIE”). A VIE is consolidated in the financial statements if the Company has the power to direct activities that most significantly impact the economic performance of the VIE and has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.

Reading International Trust I is a VIE. It is not consolidated in our financial statements but instead accounted for under the equity method of accounting because we are not the primary beneficiary. We carry our investment in the Reading International Trust I, recorded under “Other Assets”, using the equity method of accounting because we have the ability to exercise significant influence (but not control) over operating and financial policies of the entity. We eliminate transactions with an equity method entity to the extent of our ownership in such an entity. Accordingly, our share of net income/(loss) of this equity method entity is included in consolidated net income/(loss). We have no implicit or explicit obligation to further fund our investment in Reading International Trust I.

Property Held for Sale

When a property is classified as held for sale, we present the respective assets and liabilities related to the property held for sale separately on the balance sheet and cease to record depreciation and amortization expense. Properties held for sale are reported at the lower of their carrying value or their estimated fair value less the estimated costs to sell. As of December 31, 2016, we classified our landholding in Burwood, Australia as land held for sale as a result of a sale transaction on May 12, 2014, this transaction closed during December 2017. Refer to Note 4 – Real Estate Transactions for details.

Deferred Leasing/Financing Costs

Direct costs incurred in connection with obtaining tenants and or financing are amortized over the respective term of the loan utilizing the effective interest method, or straight-line method if the result is not materially different. In addition, interest on loans with increasing interest rates and scheduled principal pre-payments are also recognized on the effective interest method. Net deferred financing costs are presented as a reduction in the associated Debt account (see Note 10 – Borrowings) in line with our adoption of ASU 2015-03 which became effective since January 1, 2016.

Film Rental Costs

Film rental costs are accrued based on the applicable box office receipts and estimates of the final settlement to the film licensees.

Advertising Expense

We expense our advertising as incurred. The amount of our advertising expense was $2.3 million, $2.3 million, and $2.3 million 2017, 2016, and 2015, respectively.

Operating Leases

A majority of our cinema operations are conducted in premises under non-cancellable lease arrangements with initial base terms generally ranging between 5 to 15 years, with certain leases containing renewal options to extend the lease term to an additional term of up to 20 years. We evaluated the classification of our leases and concluded all of these arrangements as operating leases. Lease expense is recorded on a straight-line basis over the initial base terms, taking into effect any rate change clauses. Any subsequent increases or decreases in rental payments that result from factors not anticipated during lease inception or factors that are based on meeting future targets, other than indexation factors, represent contingent rentals and are fully accruable at the period the trigger event occurs.

Share-based Compensation

The determination of the compensation cost for our share-based awards (primarily in the form of stock options or restricted stock units) is made at the grant date based on the estimated fair value of the award, and such cost is recognized over the grantee’s requisite service period (which typically equates to our vesting term). Previously recognized compensation cost shall be reversed for any forfeited award to the extent unvested at the time of forfeiture. Refer to Note 14 – Share-based Compensation and Repurchase Plans for further details.

Treasury Shares

In recent years, we repurchased our own Class A common shares as part of a publicly announced stock repurchase plan with no current intent for retiring those reacquired shares. We account for these repurchases using the cost method and present as a separate line within the Stockholders’ Equity section in our consolidated balance sheets. Refer to Note 14 – Share-based Compensation and Repurchase Plans for further details of our stock buyback plan.

Insurance Recoveries and Other Contingency Matters

(i)

Loss contingencies – we record any loss contingencies if there is a “probable” likelihood that the liability had been incurred, and the amount of the loss can be reasonably estimated.

(ii)

Gain contingencies:

Insurance recoveries – in the event we incur a loss attributable to an impairment of an asset or incurrence of a liability that is recoverable, in whole or in part, through an insurance claim, we record an insurance recoverable (not to exceed the amount of the total losses incurred) only when the collectability of such claim is probable. To evaluate the probable collectability of an insurance claim, we consider communications with third parties (such as with our insurance company), in addition to advice from legal counsel.

Others – other gain contingencies typically result from legal settlements and we record those settlements in income when cash or other forms of payments are received.

Legal costs relating to our litigation matters, whether we are the plaintiff or the defendant, are recorded when incurred. For the years ended December 31, 2017, 2016, and 2015, we recorded gains/(losses) relating to litigation settlement of $1.8 million, $415,000, and ($495,000), respectively.

Translation Policy

The financial statements and transactions of our Australian and New Zealand cinema and real estate operations are recorded in their functional currencies, namely Australian and New Zealand dollars, respectively, and are then translated into U.S. dollars. Assets and liabilities of these operations are denominated in their functional currencies and are then translated at exchange rates in effect at the balance sheet date. Revenue and expenses are translated at the average exchange rate for the reporting period. Translation adjustments are reported in “Accumulated Other Comprehensive Income,” a component of Stockholders’ Equity.

The carrying values of our Australian and New Zealand assets fluctuate due to changes in the exchange rate between the U.S. dollar and the Australian and New Zealand dollars. Presented in the table below are the currency exchange rates for Australia and New Zealand as of and for the three years ended December 31, 2017:


	As of and for the year ended December 31, 2017	As of and for the year ended December 31, 2016	As of and for the year ended December 31, 2015
Spot Rate
Australian Dollar	0.7815	0.7230	0.7286
New Zealand Dollar	0.7100	0.6958	0.6842
Average Rate
Australian Dollar	0.7670	0.7440	0.7524
New Zealand Dollar	0.7111	0.6973	0.7004

Income Taxes

We account for income taxes under an asset and liability approach. Under the asset and liability method, deferred tax assets and liabilities are recognized for the expected future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and the respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled, and are classified as noncurrent on the balance sheets in accordance with current US GAAP. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. Income tax expense (benefit) is the tax payable (refundable) for the period and the change during the period in deferred tax assets and liabilities. The effect of a change in tax rates or law on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

We recognize deferred tax assets to the extent that we believe that these assets are more likely than not to be realized. In evaluating our ability to recover our deferred tax assets within the jurisdiction from which they arise, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax planning strategies and recent financial operations.

A tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits.

We recognize tax liabilities for uncertain tax positions and adjust these liabilities when our judgment changes as a result of the evaluation of new information not previously available. We record interest and penalties related to income tax matters as part of income tax expense and in income tax related balance sheet accounts. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from our current estimate of the tax liabilities. These differences will be reflected as increases or decreases to income tax expense in the period in which it is determined a change in recognition or measurement is appropriate.

The Tax Act creates a new requirement for U.S. corporations to include in U.S. taxable income certain earnings of their foreign subsidiaries, effective beginning tax year 2018. The Global Intangible Low Taxed Income (“GILTI”) framework effectively introduces a minimum tax on foreign earnings of U.S. based consolidated groups. Because of the complexity of the new tax rules related to GILTI, we are continuing to evaluate this provision of the Tax Act and the application of ASC 740, Income Taxes. As of December 31, 2017, we have not made a policy decision on whether to record deferred tax on GILTI or account for it as a current period expense when incurred.

Earnings Per Share

The Company presents both basic and diluted earnings per share amounts. Basic EPS is calculated by dividing net income attributable to the Company by the weighted average number of common shares outstanding during the year. Diluted EPS is based upon the weighted average number of common and common equivalent shares outstanding during the year, which is calculated using the treasury-stock method for equity-based awards. Common equivalent shares are excluded from the computation of diluted EPS in periods for which they have an anti-dilutive effect. Stock options for which the exercise price exceeds the average market price over the period are anti-dilutive and, accordingly, are excluded from the calculation.

Business Acquisition Valuation and Purchase Price Allocation

In recent years, our business acquisition efforts have been focused on our real estate segment. For real estate acquisitions meeting the definition of a “business” in accordance with ASC 805, Business Combinations, the assets acquired and the liabilities assumed are recorded at their fair values as of the acquisition date. To accomplish this, we typically obtain third party valuations to allocate the purchase price to the assets acquired and liabilities assumed, including both tangible and intangible components. The determination of the fair values of the acquisition components and its related determination of the estimated lives of depreciable tangible assets and amortizing intangible assets/liabilities require significant judgment and several considerations, described as follows:

(i)

Tangible assets – we allocate the purchase price to the tangible assets of an acquired property (which typically includes land, building and site/tenant improvements) based on the estimated fair values of those tangible assets assuming the building was vacant. Estimates of fair value for land are based on factors such as comparisons to other properties sold in the same geographic area adjusted for unique characteristics. Estimates of fair values of buildings and site/tenant improvements are based on present values determined based upon the application of hypothetical leases with market rates and terms. Building and site improvements are depreciated over their remaining economic lives, while tenant improvements are depreciated over the remaining non-cancelable terms of the respective leases.

(ii)

Intangible assets and liabilities – the valuation of the intangible assets and liabilities in a typical real estate acquisition is described below:

Above-market and below-market leases – we record above-market and below-market in-place lease values for acquired properties based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of the lease. We amortize any capitalized above-market lease values (an intangible asset) and capitalized below-market lease values (an intangible liability) over the remaining non-cancelable terms of the respective leases.

Benefit of avoided costs due to existing tenancies – this typically includes (i) in-place leases (the value of avoided lease-up costs) and (ii) leasing commissions and legal/marketing costs avoided with the leases in place. We measure the fair values of the in-place leases based on the difference between (i) the property valued with existing in-place leases adjusted to market rental rates and (ii) the property valued as if vacant. Factors considered in the fair value determination include an estimate of carrying costs during hypothetical expected lease-up periods considering current market conditions, and costs to execute similar leases. We also consider information obtained about each property as a result of our pre-acquisition due diligence, marketing, and leasing activities in estimating the fair value of the intangible assets acquired. In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods. Management also estimates costs to execute similar leases including leasing commissions, legal, and other related expenses to the extent that such costs are not already incurred in connection with a new lease origination as part of the transaction.

We amortize the value of in-place leases and unamortized leasing origination costs to expense over the remaining term of the respective leases. Should a tenant terminate its lease, the unamortized portion of the in-place lease values and leasing origination costs will be charged to expense.

These assessments have a direct impact on revenue and net income, particularly on the depreciable base of the allocated assets which will impact the timing of expense allocation. In accordance with our adoption of ASU 2015-16, we record the changes in depreciation and amortization in the period we finalized our purchase price allocation.

Accounting Changes

Change in Accounting Principle during the fourth quarter of fiscal year 2016

Prior to 2014, we recognized revenue for our gift cards and gift certificates issued in the U.S., which do not expire and have no dormancy fees, only when they were redeemed. At the end of fourth quarter of 2016, we determined that we have sufficient historical information to recognize breakage income on them. Based on our review of our own historical redemption patterns using company-wide data accumulated over many years, we considered it preferable to estimate a certain percentage of our gift card and gift certificate sales to be recorded as breakage income as it better reflects of our historical redemption patterns and our earnings process. Effectively, we concluded that a portion of these sales may have a remote likelihood of redemption based on our own historical redemption patterns and thus the liability is derecognized for them. We will continue to review historical gift card redemption information at each reporting period to assess the continued appropriateness of the gift card breakage rates and pattern of redemption. In accordance with ASC 250, Accounting Changes and Error Corrections, the Company adjusted its comparative financial statements as of and for the years ended December 31, 2015 and 2014 to apply this new accounting policy.

The impact of this change in accounting principle to our current and prior years’ financial statements is presented in the following tables (in condensed format):

Consolidated Statements of Operations


		2017					2016						2015
(Dollars in thousands)		With breakage revenue		Without breakage revenue		Effect of change	With breakage revenue		Without breakage revenue		Effect of change		As restated		As previously reported		Effect of change
Revenues	$	279,734	$	279,126	$	608	$	270,473	$	269,855	$	618	$	257,865	$	257,323	$	542
Costs and expenses		(259,173)		(259,173)		--		(250,162)		(250,162)		--		(234,169)		(234,169)		--
Operating income		20,561		19,953		608		20,311		19,693		618		23,696		23,154		542
Interest expense (net), casualty loss and others		12,971		12,971		--		(7,873)		(7,873)		--		3,279		3,279		--
Income before income taxes and equity earnings of unconsolidated joint ventures		33,532		32,924		608		12,438		11,820		618		26,975		26,433		542
Equity earnings of unconsolidated joint ventures		815		815		--		999		999		--		1,204		1,204		--
Income before income taxes		34,347		33,739		608		13,437		12,819		618		28,179		27,637		542
Income tax expense		(3,337)		(3,098)		(239)		(4,020)		(3,787)		(233)		(5,148)		(4,943)		(205)
Net income	$	31,010	$	30,641	$	369	$	9,417	$	9,032	$	385	$	23,031	$	22,694	$	337
Basic EPS	$	1.35	$	1.33	$	0.02	$	0.40	$	0.39	$	0.01	$	0.99	$	0.98	$	0.01
Diluted EPS	$	1.33	$	1.32	$	0.02	$	0.40	$	0.38	$	0.02	$	0.98	$	0.97	$	0.01

Consolidated Balance Sheets


		2017					2016
(Dollars in thousands)		With breakage revenue		Without breakage revenue		Effect of change	With breakage revenue		Without breakage revenue		Effect of change
Assets
Current assets	$	33,475	$	33,475	$	-	$	72,641	$	72,641	$	--
Non-current assets
Deferred tax asset, net		24,908		25,147		(239)		28,667		28,900		(233)
Other non-current assets		364,643		364,643		-		304,458		304,458		--
Total Assets		423,026		423,265		(239)		405,766		405,999		(233)
Liabilities and Stockholders' Equity
Current liabilities
Deferred current revenue		9,850		10,458		(608)		10,758		11,376		(618)
Other current liabilities		70,596		70,596		-		55,228		55,228		--
Non-current liabilities		161,339		161,339		-		193,165		193,165		--
Total Liabilities		241,785		242,393		(608)		259,151		259,769		(618)
Stockholders' Equity
Retained earnings (accumulated deficit)		32,679		32,310		369		1,680		1,295		385
Other equity components		148,562		148,562		-		144,935		144,935		--
Total Stockholders' Equity		181,241		180,872		369		146,615		146,230		385
Total Liabilities and Stockholders' Equity	$	423,026	$	423,265	$	(239)	$	405,766	$	405,999	$	(233)

Consolidated Statements of Cash Flows


		2017					2016						2015
(Dollars in thousands)		With breakage revenue		Without breakage revenue		Effect of change	With breakage revenue		Without breakage revenue		Effect of change		As restated		As previously reported		Effect of change
Operating Activities
Net income	$	31,010	$	30,641	$	369	$	9,417	$	9,032	$	385	$	23,031	$	22,694	$	337
Adjustments to reconcile net income to net cash provided by operating activities
Change in net deferred tax assets		4,073		3,834		239		(5,060)		(5,293)		233		(4,067)		(4,272)		205
Other reconciling adjustments		191		191				19,128		19,128				5,786		5,786
Net changes in operating assets and liabilities
Deferred revenue and other liabilities		(7,011)		(6,403)		(608)		3,626		4,244		(618)		(745)		(203)		(542)
Other operating assets and liabilities		(4,412)		(4,412)		-		3,077		3,077		-		4,569		4,569		-
Net cash provided by operating activities		23,851		23,851		-		30,188		30,188		-		28,574		28,574		-
Investing Activities
Net cash used in investing activities		(6,786)		(6,786)		-		(42,861)		(42,861)		-		(29,710)		(29,710)		-
Financing Activities
Net cash provided by/(used in) financing activities		(22,055)		(22,055)		-		11,246		11,246		-		(27,961)		(27,961)		-
Effect of exchange rate on cash		(359)		(359)		-		742		742		-		(1,449)		(1,449)		-
Net increase (decrease) in cash and cash equivalents		(5,349)		(5,349)		-		(685)		(685)		-		(30,546)		(30,546)		-
Cash and cash equivalents at the beginning of the year		19,017		19,017		-		19,702		19,702		-		50,248		50,248		-
Cash and cash equivalents at the end of the year	$	13,668	$	13,668	$	-	$	19,017	$	19,017	$	-	$	19,702	$	19,702	$	-

Out-of-Period Adjustment during the fourth quarter of fiscal year 2017:

In the fourth quarter of fiscal year 2017, we recorded out-of-period adjustments of $544,000 to increase our occupancy cost expense in our consolidated statements of operations. The adjustments were made to correct our rent expense account under the straight line method of expense recognition. We determined that the adjustments did not have a material impact to our current or prior period consolidated financial statements.

Out-of-Period Adjustment during the fourth quarter of fiscal year 2016

In the fourth quarter of fiscal year 2016, we recorded out-of-period adjustments of $611,000 to decrease our income tax expenses in our consolidated statements of operations. The adjustments, which increased deferred tax asset by $611,000, were made to correct our income tax and related deferred tax asset accounts. We determined that the adjustments did not have a material impact to our current or prior period consolidated financial statements.

Out-of-Period Adjustment during the fourth quarter of fiscal year 2015

In the fourth quarter of fiscal year 2015, we recorded out-of-period adjustments of $514,000 to decrease our income tax expense in our consolidated statements of operations. The adjustments, which increased deferred tax assets by $2,116,000, increased

additional paid in capital by $793,000, increased other comprehensive income by $1,859,000 and decreased other non-current

liabilities by $1,050,000, were made to correct our income tax and related equity and liability accounts. Of the $514,000 adjustment to decrease the income tax expense in 2015, $1,286,000 relates to the adjustment that should have been recorded in 2014, thus reducing our income tax benefit by this amount. The remaining $1,800,000 relates to income taxes pertaining to years prior to 2014 cumulatively, that would have increased our deferred tax asset by such amount. We determined that the adjustments did not have a material impact to our prior period consolidated financial statements.

Recently Adopted and Issued Accounting Pronouncements

Adopted:

On January 1, 2017, the Company adopted ASU 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This new guidance, which became effective for fiscal years beginning after December 15, 2016, provides for the simplification of several aspects of the accounting for share-based payment transactions, including (i) accounting for tax benefits in excess of compensation cost and tax deficiencies, (ii) accounting for forfeitures, and (iii) classification on the statement of cash flows. The only significant impact of the adoption of this new guidance to us is the immediate recognition of excess tax benefits (or “windfalls”) and tax deficiencies (or “shortfalls”) in the consolidated statement of operations. Previously, (i) tax windfalls were recorded in additional paid-in capital (“APIC”) in the consolidated statement of stockholders’ equity and (ii) tax shortfalls were recorded in APIC to the extent of previous windfalls and then to the consolidated statement of operations. The adoption of ASU 2016-09 did not have a material impact on the consolidated financial statements and related disclosures.

Further, in March 2016, the FASB issued ASU 2016-07, Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting. This new guidance effectively removes the retroactive application imposed in current guidance when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The new standard becomes effective for the Company on January 1, 2017. Early adoption is permissible. The adoption of ASU 2016-07 did not have a material impact on the consolidated financial statements and related disclosures.

In October 2016, the FASB issued ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties that are under Common Control. This new guidance alters how a decision maker needs to consider interests in a variable interest entity (“VIE”) held through an entity under common control and amends the previously issued ASU 2015-02. Under the new ASU, if a decision maker is required to evaluate whether it is the primary beneficiary of a VIE, it will need to consider only its proportionate indirect interest in the VIE held through a common control party. The new standard becomes effective for the Company on January 1, 2017. Early adoption is permissible. The adoption of ASU 2016-17 did not have a material impact on the consolidated financial statements and related disclosures.

Issued:

ASUs Effective 2018

New Revenue Recognition Model (ASU 2014-09, Revenue from Contracts with Customers, codified as Topic 606)

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), (“ASC 606”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASC 606 will replace most existing revenue recognition guidance in US GAAP when it becomes effective. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from the contracts with customers. The new standard is effective for the Company on January 1, 2018. The standard permits the use of either a retrospective or modified retrospective transition method. The Company is adopting the guidance on January 1, 2018 and has selected the modified retrospective transition method. The Company continues to evaluate and quantify the effect that ASC 606 will have on its consolidated financial statements. While the Company does not believe the adoption of ASC 606 will have a material impact to its results of operations or cash flows, the Company currently expects the following impacts:

Through December 31, 2017, the Company recognized revenue associated with gift cards and gift certificates when redeemed, or when the likelihood of redemption became remote (known as "breakage" in our industry) based on historical experience. Under ASU 2014-09 and effective January 1, 2018, the Company will recognize revenue from unredeemed gift cards and certificates as redeemed and will recognize breakage following the proportional method where revenue is recognized in proportion to the pattern of rights exercised by the customer when the Company expects that it is probable that a significant revenue reversal would not occur for any estimated breakage amounts. Currently, the Company expects to reduce its deferred revenue up to $1.3 million, before taxes with related impact in retained earnings to be increased net of taxes on January 1, 2018 to give effect to this change in breakage accounting.

We have a loyalty program in every country. For our loyalty programs, we do not expect those accounting changes to have a material impact on cash flows from operations. Through December 31, 2017, the Company recorded the estimated incremental cost of providing awards under our loyalty program at the time the awards are redeemed. Effective January 1, 2018, the Company will estimate the fair value of providing such loyalty program awards at the time the related awards are earned. Currently, the Company expects to increase its deferred revenues up to $1.0 million before taxes with related impact in retained earnings to be decreased net of taxes on January 1, 2018 to give effect to the loyalty program accounting.

Pension Cost Presentation (ASU 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost)

Issued by FASB in March 2017, amendments in this Update (i) require that an employer disaggregate the service cost component from the other components of net benefit cost, and (ii) provide explicit guidance on how to present the service cost component and the other components of net benefit cost in the income statement and allow only the service cost component of net benefit cost to be eligible for capitalization. The new guidance is effective for the Company on January 1, 2018. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. We do not anticipate the adoption of ASU 2017-07 to have a material impact on our consolidated financial statements.

Restricted Cash Presentation as part of Cash and Cash Equivalents (ASU 2016-18, Statement of Cash Flows, Topic 230: Restricted Cash, a consensus of the FASB Emerging Issues Task Force)

Issued by FASB in November 2016, this new guidance requires that amounts generally described as restricted cash and cash equivalents should be combined with unrestricted cash and cash equivalents when reconciling the beginning and end of period balances on the statement of cash flows. The new standard becomes effective for the Company on January 1, 2018. Early adoption is permissible. The Company does not anticipate the adoption of ASU 2016-18 to have a material impact on the consolidated financial statements and related disclosures.

Cash Flow Presentation (ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments)

Issued by FASB in August 2016, the amendments covered in this ASU are improvements to current GAAP, as it will provide guidance to eight (8) specific cash flow classification issues, thereby reducing the current and potential future diversity in practice. The new standard becomes effective for the Company on January 1, 2018. Early adoption is permissible. The Company does not anticipate the adoption of ASU 2016-15 to have a material impact on the consolidated financial statements and related disclosures.

Business Combination Streamlining (ASU 2017-01, Business Combinations Topic 805: Clarifying the Definition of a Business)

Issued by FASB in January 2017, this ASU provides that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the asset is not a “business”, thus reducing the number of transactions that need further evaluation for business combination. This becomes effective for the Company on January 1, 2018. We do not expect the ASU 2017-01 to have a material impact to us currently.

ASUs Effective 2019 and Beyond

New Lease Accounting Model (ASU 2016-02, Leases: Topic 842)

This new guidance, which becomes effective for us by January 1, 2019, establishes a right-of-use ("ROU") model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. A modified retrospective transition approach is required for lessees with capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. While we are still evaluating the impact of our pending adoption of this new standard on our consolidated financial statements, we expect that upon adoption we will recognize ROU assets and lease liabilities and that the amounts could be material since a majority of our operating cinemas are leased. We have developed an implementation plan. Significant implementation matters that we are addressing includes (i) assessment of lease population, (ii) determination of appropriate discount rate to use and (ii) assessment of renewal options to include in the initial lease term. While the Company is continuing to assess the effect of adoption, the Company currently believes the most significant changes relate to the recognition of new ROU assets and lease liabilities on its balance sheet for cinemas currently subject to operating leases.

Goodwill Impairment Simplification (ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment)

Issued by FASB in January 2017, this new guidance removes the second step of the two-step impairment test for measuring goodwill and is to be applied on a prospective basis only. The new guidance is effective for the Company on January 1, 2020, including interim periods within the year of adoption. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We do not anticipate the adoption of ASU 2017-04 to have a material impact on our consolidated financial statements.

Earnings Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 3 – EARNINGS PER SHARE

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 for the three years ended December 31, 2017:


(Dollars in thousands, except share and per share data)	2017		2016		2015
Numerator:
Net income attributable to RDI common stockholders	$	30,999	$	9,403	$	23,110
Denominator:
Weighted average shares of common stock – basic		23,041,190		23,320,048		23,293,696
Weighted average dilutive impact of stock-based awards		206,779		201,109		201,922
Weighted average shares of common stock – diluted		23,247,969		23,521,157		23,495,618
Basic EPS attributable to RDI common stockholders	$	1.35	$	0.40	$	0.99
Diluted EPS attributable to RDI common stockholders	$	1.33	$	0.40	$	0.98
Awards excluded from diluted EPS		149,841		92,500		--

Real Estate Transactions

12 Months Ended

Dec. 31, 2017

Real Estate Transactions [Abstract]

Real Estate Transactions

NOTE 4 – REAL ESTATE TRANSACTIONS

Discussed below are the real estate transactions impacting the presentation in our consolidated balance sheets as of December 31, 2017 and 2016, and the profitability determination in our consolidated statements of income for the three years ended December 31, 2017:

Real Estate Sales

Landholding in Burwood, Australia (Initiated 2015, Settled 2017)

On May 12, 2014, we entered into a contract to sell our undeveloped 50.6 acre parcel in Burwood, Victoria, Australia, to Australand Holdings Limited (now known as Frasers Property Australia, “Frasers”) for a purchase price of $50.6 million (AU$65.0 million). We received $5.9 million (AU$6.5 million) on May 23, 2014, $16.6 million (AU$ 21.8 million) on June 19, 2017 and final settlement on December 14, 2017 of $28.1 million (AU$36.6 million).

The final sale price was adjusted by $56,000 (AU$75,000) due to an early settlement agreed between both parties. The final transaction gain is determined as follows:


(Dollars in thousands)	In AU$
Selling price	$	64,925
Less: Property book value		(52,108)
Total transaction gain, gross		12,817
Less: Direct costs incurred(1)		(439)
Total transaction gain, net	$	12,378

(1) Represents commissions and legal expenses incurred in connection with this transaction.

Landholding in Moonee Ponds, Australia (Initiated 2013, Settled 2015)

On October 15, 2013, we entered into a definitive purchase and sale agreement to sell this property for a sales price of $17.5 million (AU$23.0 million) payable in full upon closing of the transaction on April 16, 2015. In accordance with the requirements under US GAAP, we recognized a gain of $8.0 million (AU$10.3 million) in the second quarter of 2015 upon the receipt of sale proceeds on April 16, 2015.

Doheny Condo, Los Angeles (Initiated and Settled 2015)

On February 25, 2015, we sold our Los Angeles Condo for $3.0 million resulting in a $2.8 million gain on sale.

Properties in Taupo, New Zealand (Initiated 2015, Settled 2016)

On April 1, 2015, we entered into two definitive purchase and sale agreements to sell our properties in Taupo, New Zealand for a combined sales price of $2.4 million (NZ$3.4 million). The first agreement relates to a property with a sales price of $1.6 million (NZ$2.2 million) and a book value of $1.3 million (NZ$1.8 million), which closed on April 30, 2015 when we received the sales price in full. The other agreement related to a property with a sales price of $831,000 (NZ$1.2 million) and a book value of $426,000 (NZ$615,000) which was completed and for which we received cash settlement representing the full sales price on March 31, 2016. The first transaction qualified as a sale under both U.S. GAAP and tax purposes during the year-ended December 31, 2015. The second transaction was recorded as a sale during the quarter ended March 31, 2016.

Real Estate Acquisitions

New Corporate Headquarters Building, Los Angeles (Asset Acquisition, 2016)

On April 11, 2016, we purchased a 24,000 square foot office building with 72 parking spaces located at 5995 Sepulveda Boulevard in Culver City, California (a Los Angeles suburb) for $11.2 million. The terms and circumstances of this acquisition were not considered to meet the definition of a business combination in accordance with US GAAP. We intend to use approximately 50% of the leasable area for our headquarters offices and to lease the remainder overtime to unaffiliated third parties.

Building & Landholding in Newmarket, Australia (Asset Acquisition, 2015)

On November 30, 2015, we completed the purchase of an approximately 23,000 square foot parcel adjacent to our existing Newmarket shopping center in Brisbane, Australia for a total consideration of $5.5 million (AU$7.6 million). The acquired land has an existing office building which was vacant at the time of purchase completion. We intend, over time, to integrate this property into our Newmarket development thereby increasing our footprint from approximately 204,000 to 227,000 square feet. The terms and circumstances of this acquisition were not considered to meet the definition of a business combination in accordance with US GAAP.

Cannon Park ETC in Queensland, Australia (Business Combination, 2015)

On December 23, 2015, we completed a 100% acquisition of two adjoining properties in Townsville, Australia for a total of $24.1 million (AU$33.4 million) in cash. The properties are located approximately 6 miles from downtown Townsville, the fourth largest city in Queensland, Australia. The total gross leasable area of the two adjoining properties, the Cannon Park City Centre and the Cannon Park Discount Centre, is 133,000 square feet. The Cannon Park City Centre is anchored by Reading Cinemas, which is operated by Reading International’s 75% owned subsidiary, Australia Country Cinemas, and has three mini-major tenants and ten specialty family oriented restaurant tenants. The Cannon Park Discount Centre is anchored by Kingpin Bowling and supported by four other retailers. This acquisition is consistent with our business plan to own, where practical, the land underlying our entertainment assets.

The acquired assets consist primarily of the land and buildings, which, at the time of acquisition, was approximately 98% leased to existing tenants. Tenancies ranged from having 9 months to 8 years left to run on their leases at the time of purchase.

We have concluded the acquired assets constitute a “business” and we accounted this as a business combination. During the quarter ended September 30, 2016, the Company finalized the allocation of the purchase price to the identifiable assets acquired and liabilities assumed based on its estimates of their fair values on the acquisition date. The acquired value components of this real estate acquisition included both tangible and intangible assets. The determination of the fair values of the acquired assets and assumed liabilities (and the related determination of estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgment. The estimates and assumptions include projected timing and amount of future cash flows and discount rates reflecting the risk inherent in the future cash flows. Typical of a real estate acquisition, there was no goodwill recorded as the purchase price did not exceed the fair value estimates of the net acquired assets.

The following table summarizes the final allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed at the date of acquisition, as well as adjustments made during the measurement period:


					Measurement
	Preliminary Purchase Price				Period		Final Purchase Price
	Allocation				Adjustments(2)		Allocation
(Dollars in thousands)	US Dollars(1)		AU dollars		AU dollars		US Dollars(1)		AU dollars
Tangible Assets
Operating property:
Land	$	7,525	$	10,421	$	721	$	8,046	$	11,142
Building and improvements		16,588		22,971		(6,453)		11,928		16,518
Site improvements		--		--		2,321		1,676		2,321
Tenant improvements		--		--		957		691		957
Intangible Assets
Above-market leases		--		--		61		44		61
In-place leases		--		--		2,135		1,542		2,135
Unamortized leasing commissions		--		--		333		240		333
Unamortized legal fees		--		--		55		40		55
Total assets acquired		24,113		33,392		130		24,207		33,522
Liabilities
Below-market leases		--		--		(130)		(94)		(130)
Net assets acquired	$	24,113	$	33,392	$	--	$	24,113	$	33,392

(1) The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, December 23, 2015.

(2) The measurement period adjustments were mainly due to the finalization of the valuations of the tangible land, building and improvements, site improvements and tenant improvements, as well as valuations of intangible assets and liabilities typically present in an acquisition of a regional mall with existing tenancies. This resulted in a reallocation of the purchase price from Building to other tangible assets (site and tenant improvements), as well as to intangible assets, including above and below market leases, in-place leases and unamortized lease origination costs.

The revenue and earnings from this acquisition, since the acquisition date as included in the consolidated statement of operations for the year ended December 31, 2015, were not significant. Based on the available information provided to us and after exhausting significant efforts to satisfy the pro-forma disclosure requirements assuming the business acquisition happened at the beginning of the year, the Company concluded it to be impracticable to determine and disclose the full-year pro forma combined revenue and earnings for 2015.

Property And Equipment

12 Months Ended

Dec. 31, 2017

Property And Equipment [Abstract]

Property And Equipment

NOTE 5 – PROPERTIES AND EQUIPMENTS

Operating Property, Net

Property associated with our operating activities is summarized as follows:


(Dollars in thousands)	December 31, 2017		December 31, 2016
Land	$	76,457	$	73,803
Building and improvements		153,232		122,863
Leasehold improvements		48,481		46,902
Fixtures and equipment		145,033		118,180
Construction-in-progress		26,000		11,517
Total cost		449,203		373,265
Less: accumulated depreciation		(184,479)		(161,379)
Operating Properties, net	$	264,724	$	211,886

Of our total operating properties as disclosed above, the gross and carrying amounts of the portion of our properties currently on lease or held for leasing as of December 31, 2017 and 2016 are as follows:


(Dollars in thousands)	December 31, 2017		December 31, 2016
Building and improvements
Gross balance	$	71,749	$	33,879
Accumulated depreciation		17,585		9,982
Net Book Value	$	54,164	$	23,897

Depreciation expense for operating property was $14.0 million, $15.1 million, and $13.6 million for the year ended December 31, 2017, 2016 and 2015, respectively.

Investment and Development Property

Investment and development property is summarized as follows:


(Dollars in thousands)	December 31, 2017		December 31, 2016
Land	$	25,025	$	24,616
Building		1,900		1,900
Construction-in-progress (including capitalized interest)		34,329		17,171
Investment and development property, net	$	61,254	$	43,687

For the year ended December 31, 2017 and 2016, we capitalized interest charges of $1.2 million and $297,000 pertaining to our on-going development projects.

Investments In Unconsolidated Joint Ventures

12 Months Ended

Dec. 31, 2017

Investments In Unconsolidated Joint Ventures [Abstract]

Investments In Unconsolidated Joint Ventures

NOTE 6 – 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 unconsolidated joint ventures:


(Dollars in thousands)	Interest	December 31, 2017		December 31, 2016
Mt. Gravatt	33.3%	$	4,118	$	3,874
Rialto Cinemas	50.0%		1,186		1,197
Total Joint Ventures		$	5,304	$	5,071

Our recorded share of equity earnings from our investments in unconsolidated joint ventures are as follows:


(Dollars in thousands)	2017		2016		2015
Mt. Gravatt	$	726	$	805	$	1,046
Rialto Cinemas		89		194		136
Rialto Distribution		--		--		22
Total equity earnings	$	815	$	999	$	1,204

Mt. Gravatt

We own an undivided 33.3% interest in Mt. Gravatt, an unincorporated joint venture that owns and operates a sixteen-screen multiplex cinema in Australia.

Rialto Cinemas

We own an undivided 50.0% interest in the assets and liabilities of the Rialto Entertainment joint venture that owns and operates two (2) movie theaters, with 13 screens in New Zealand.

Rialto Distribution

During 2017, this investment was transferred to our previous business partners. We paid an amount lower than the accrual we had taken for our debt obligation in the joint venture. Consequently, we recognized a gain of $15,000 (NZ$21,000) during the quarter ended June 30, 2017.

Goodwill And Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill And Intangible Assets [Abstract]

Goodwill And Intangible Assets

NOTE 7 – GOODWILL AND INTANGIBLE ASSETS

The table below summarizes goodwill by business segment:


(Dollars in thousands)	Cinema		Real Estate		Total
Balance at January 1, 2016	$	14,491	$	5,224	$	19,715
Foreign currency translation adjustment		113		--		113
Balance at December 31, 2016	$	14,604	$	5,224	$	19,828
Foreign currency translation adjustment		448		--		448
Balance at December 31, 2017	$	15,052	$	5,224	$	20,276

The Company is required to test goodwill and other intangible assets for impairment on an annual basis and, if current events or circumstances require, on an interim basis. To test the impairment of goodwill, the 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. The most recent annual assessment occurred in the fourth quarter of 2017. The assessment results indicated that there is no impairment to our goodwill as of December 31, 2017.

The tables below summarize intangible assets other than goodwill:


	December 31, 2017
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	28,860	$	7,254	$	1,139	$	37,253
Less: Accumulated amortization		(23,292)		(4,936)		(483)		(28,711)
Net intangible assets other than goodwill	$	5,568	$	2,318	$	656	$	8,542


	December 31, 2016
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	28,671	$	7,254	$	1,084	$	37,009
Less: Accumulated amortization		(21,870)		(4,634)		(468)		(26,972)
Net intangible assets other than goodwill	$	6,801	$	2,620	$	616	$	10,037

We amortize our beneficial leases over the lease period, the longest of which is approximately 30 years; our trade name using an accelerated amortization method over its estimated useful life of 45 years; and other intangible assets over its estimated useful life of up to 30 years (except for transferrable liquor licenses, which are indefinite-lived assets, with a balance of $421,000 and $389,000 as of December 31, 2017 and 2016). For the years ended December 31, 2017, 2016, and 2015, our amortization expense was $1.7 million, $1.9 million, and $1.7 million, respectively.

As of December 31, 2017, the estimated amortization expense for our amortizable intangibles, in the five succeeding years and thereafter is as follows:


(Dollars in thousands)	Estimated Future Amortization Expense
2018	$	1,691
2019		1,270
2020		809
2021		802
2022		802
Thereafter		2,747
Total future amortization expense	$	8,121

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Prepaid And Other Assets

12 Months Ended

Dec. 31, 2017

Prepaid And Other Assets [Abstract]

Prepaid And Other Assets

NOTE 8 – PREPAID AND OTHER ASSETS

Prepaid and other assets are summarized as follows:


(Dollars in thousands)	December 31, 2017		December 31, 2016
Prepaid and other current assets
Prepaid expenses	$	1,625	$	981
Prepaid taxes		653		1,622
Income taxes receivable		1,686		1,476
Prepaid rent		1,055		1,237
Deposits		243		404
Restricted cash		17		17
Investments in marketable securities		46		50
Total prepaid and other current assets	$	5,325	$	5,787
Other non-current assets
Recoverable asset(1)	$	--	$	9,480
Other non-cinema and non-rental real estate assets		1,134		1,134
Investment in Reading International Trust I		838		838
Interest rate cap at fair value		--		1
Straight-line rent asset		2,564		2,457
Long-term deposits		7		39
Total non-current assets	$	4,543	$	13,949

(1)

Refer to Note 19 – Insurance Recoveries on Impairment and Related Losses due to Earthquake for further discussion on this item.

Income Taxes

12 Months Ended

Dec. 31, 2017

Pension And Other Liabilities [Abstract]

Income Taxes

NOTE 9 - INCOME TAXES

On December 22, 2017, the U.S. Tax Cuts and Jobs Act of 2017 (the “Tax Act”) was signed into law. The Tax Act significantly changed the U.S. corporate income tax law by lowering the statutory corporate tax rate from 35% to 21%, imposing a one-time mandatory repatriation tax on earnings of foreign subsidiaries, and changing how foreign earnings are subject to U.S. tax. We have not completed our determination of the implications of the Tax Act. However, we have reasonably estimated the impact of the Tax Act and recorded provisional amounts in our financial statements as of December 31, 2017, pursuant to the guidance of the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 118. We recorded income tax expense for the impact of the Tax Act of approximately $13.0 million. This net amount is primarily comprised of $8.3 million from re-measurement of federal net deferred tax assets resulting from the reduction in the U.S. statutory corporate tax rate and a provisional amount of $4.7 million from the one-time mandatory repatriation tax on deferred earnings of our foreign subsidiaries. As we complete our analysis of the Tax Act, collect and prepare necessary data, and interpret any additional guidance issued by the U.S. Treasury Department and the IRS, we may make adjustments to the provisional amount. Those adjustments may materially impact our provision for income taxes in the period in which the adjustments are made. The accounting for the tax effects of the Tax Act will be completed in 2018.

Income before income taxes includes the following:


(Dollars in thousands)	2017		2016		2015
United States	$	(5,143)	$	(1,886)	$	3,826
Foreign		38,675		14,324		23,149
Income before income taxes and equity earnings of unconsolidated joint ventures	$	33,532	$	12,438	$	26,975
Equity earnings of unconsolidated joint ventures:
United States		--		--		--
Foreign		815		999		1,204
Income before income taxes	$	34,347	$	13,437	$	28,179

Significant components of the provision for income taxes are as follows:


(Dollars in thousands)	2017		2016		2015
Current income tax expense (benefit)
Federal (1)	$	(7,846)	$	2,982	$	481
State		775		675		516
Foreign		7,079		4,685		3,120
Total		8		8,342		4,117
Deferred income tax expense (benefit)
Federal		3,654		(4,197)		612
State		(2,351)		(422)		(940)
Foreign		2,026		297		1,359
Total		3,329		(4,322)		1,031
Total income tax expense	$	3,337	$	4,020	$	5,148

⁽¹⁾

The 2017 amount includes a federal tax benefit of $7,785 related to changes in unrecognized tax benefits and related interest.

Deferred income taxes reflect the “temporary differences” between the financial statement carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, adjusted by the relevant tax rate. The components of the deferred tax assets and liabilities are as follows:


(Dollars in thousands)	December 31, 2017 (1)		December 31, 2016
Deferred Tax Assets:
Net operating loss carry-forwards	$	8,579	$	11,940
Alternative minimum tax credit carry-forwards		939		1,690
Compensation and employee benefits		4,146		6,221
Deferred revenue		2,500		5,486
Accrued expenses		6,178		7,134
Accrued taxes		2,440		3,381
Land and property		8,457		12,857
Other		107		995
Total Deferred Tax Assets		33,346		49,704
Deferred Tax Liabilities:
Intangibles		(1,087)		(1,482)
Cancellation of indebtedness		(481)		(1,559)
Notes receivable		--		(7,403)
Total Deferred Tax Liabilities		(1,568)		(10,444)
Net deferred tax assets before valuation allowance		31,778		39,260
Valuation allowance		(6,870)		(10,593)
Net deferred tax asset	$	24,908	$	28,667

⁽¹⁾

We recorded an adjustment to our federal deferred income tax assets and liabilities as of December 31, 2017 to reflect the reduction in the U.S. statutory federal corporate income tax rate from 35% to 21% resulting from the Tax Act.

We record net deferred tax assets to the extent we believe these assets will more likely than not be realized. In making such determination, we considered all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax planning strategies and recent financial performance. Because there are more negative evidences for New Zealand and certain U.S. state carryforwards as of December 31, 2017, we recorded a valuation allowance of $6.9 million.

As of December 31, 2017, we had the following carry-forwards:

approximately $939,000 in U.S. alternative minimum tax credit carry-forwards with no expiration date and are refundable beginning tax year 2018;

approximately $8.4 million in available New Zealand loss carry-forwards with no expiration date;

approximately $43.7 million in New York state loss carryforwards expiring in 2034; and,

approximately $43.8 million in New York city loss carryforwards expiring in 2034.

In 2017 we liquidated a non-operating foreign subsidiary resulting in a reversal of approximately $7.6 million in deferred tax liability and $7.8 million in withholding tax reserves.

We expect no substantial limitations on the future use of U.S. or foreign loss carry-forwards.

The provision for income taxes is different from amounts computed by applying U.S. statutory rates to consolidated losses before taxes. The significant reason for these differences is as follows:


(Dollars in thousands)	2017		2016		2015
Expected tax provision	$	12,022	$	4,566	$	9,581
Increase (decrease) in tax expense resulting from:
Foreign tax rate differential		(2,153)		(648)		(654)
Change in valuation allowance		(905)		129		1,531
State and local tax provision		(541)		307		1,133
Prior year adjustments		(79)		(954)		(514)
Unrecognized tax benefits		(8,498)		262		946
Advance to Overseas Subsidiary		(7,620)		--		--
Impact of Tax Act		13,018		--		--
Non-taxable insurance proceeds		(1,871)		--		--
Indefinite reinvestment assertion		--		--		(3,089)
State rate and law change		--		--		(3,635)
Other		(36)		358		(151)
Actual tax provision	$	3,337	$	4,020	$	5,148

The undistributed earnings of the Company's Australian subsidiaries are considered to be indefinitely reinvested. Accordingly, no provision for state income taxes or foreign withholding taxes has been provided on such undistributed earnings. Due to the enactment of the Tax Act, future repatriations of foreign earnings will generally not be subject to U.S. federal taxation but may incur state taxes. At December 31, 2017, we have not changed our indefinite reinvestment decision as a result of the Tax Act but will reassess this decision during the course of 2018 as we continue to consider the impact of the Tax Act.

The following table is a summary of the activity related to unrecognized tax benefits, excluding interest and penalties, for the years ended December 31, 2017, 2016, and 2015:


(Dollars in thousands)	2017		2016		2015
Unrecognized tax benefits – gross beginning balance	$	11,480	$	11,022	$	3,760
Gross increase (decrease) - prior year tax positions		(7,905)		133		6,679
Gross increase (decrease) - current period tax positions		--		325		583
Settlements		(452)		--		--
Unrecognized tax benefits – gross ending balance	$	3,123	$	11,480	$	11,022

As of December 31, 2017 and 2016, if recognized, $3.1 million and $9.9 million respectively, of the unrecognized tax benefits would impact the Company’s effective tax rate.

We record interest and penalties related to income tax matters as part of income tax expense. During the year ended December 31, 2016, we recorded an increase to tax interest of $0.4 million, resulting in a total $8.9 million in interest. During the year ended December 31, 2017, we recorded an increase to tax interest of $203,000, resulting in a total $9.1 million in interest.

It is difficult to predict the timing and resolution of uncertain tax positions. Based upon the Company’s assessment of many factors, including past experience and judgments about future events, it is probable that within the next 12 months the reserve for uncertain tax positions will increase within a range of $500,000 to $1.5 million. The reasons for such change include but are not limited to tax positions expected to be taken during 2017, revaluation of current uncertain tax positions, and expiring statutes of limitations.

Generally, changes to our federal and most state income tax returns for the calendar year 2013 and earlier are barred by statutes of limitations. Certain U.S. subsidiaries filed federal and state tax returns for periods before these entities became consolidated with us. These subsidiaries were examined by IRS for the years 1996 to 1999 and significant tax deficiencies were assessed for those years. Those deficiencies have been settled, as discussed in “Tax Audit/Litigation,” Note 12 – Commitments and Contingencies.

As of December 31, 2017, federal income tax returns for 2014 and after are open for examination, with the 2015 return being currently under examination. California worldwide unitary income tax returns for 2013 and after are open for examination, but an examination of 2013 through 2015 has been completed, awaiting a final assessment notice. Income tax returns filed in Puerto Rico for 2013 and after are open for examination. Australia income tax returns for calendar years 2012 and after are open for examination, with 2014 and 2015 currently under risk review. New Zealand income tax returns for calendar year 2009 and after were under examination as of December 31, 2017, with no other New Zealand returns being open for examination.

Borrowings

12 Months Ended

Dec. 31, 2017

Borrowings [Abstract]

Borrowings

NOTE 10 – BORROWINGS

The Company’s borrowings at December 31, 2017 and 2016, net of deferred financing costs and incorporating the impact of interest rate swaps on our effective interest rates, are summarized below:


		As of December 31, 2017
(Dollars in thousands)		Maturity Date	Contractual Facility		Balance, Gross		Balance, Net(3)		Stated Interest Rate	Effective Interest Rate (1)
Denominated in USD
	Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	27,554	5.38%	5.38%
	Bank of America Credit Facility (USA)	November 28, 2019		55,000		31,000		31,000	4.57%	4.57%
	Bank of America Line of Credit (USA)	October 31, 2019		5,000		-		--	4.57%	4.57%
	Cinema 1, 2, 3 Term Loan (USA)	September 1, 2019		19,500		19,500		19,105	3.25%	3.25%
	Minetta & Orpheum Theatres Loan (USA)	June 1, 2018		7,500		7,500		7,470	4.13%	4.13%
	U.S. Corporate Office Term Loan (USA)(4)	January 1, 2027		9,719		9,719		9,582	4.64% / 4.44%	4.61%
	Union Square Construction Financing (USA)	December 29, 2019		57,500		8,000		5,033	5.81%	5.81%
Denominated in foreign currency ("FC")(2)
	NAB Corporate Loan Facility (AU)	June 30, 2019		51,970		30,869		30,781	3.66%	3.66%
	Westpac Bank Corporate (general/non-construction) Credit Facility (NZ)	December 31, 2019		24,850		--		--	3.70%	3.70%
	Westpac Bank Corporate (construction) Credit Facility (NZ)	December 31, 2019		12,780		--		--	3.70%	3.70%
Total			$	271,732	$	134,501	$	130,525

(1) Both interest rate derivatives associated with the Trust Preferred Securities and Bank of America Credit Facility expired in October 2017 so the effective interest rate no longer applies as of December 31, 2017.

(2) The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollars based on exchange rates as of December 31, 2017.

(3) Net of deferred financing costs amounting to $4.0 million.

(4) In June 2017 we received $1.5M in additional financing on our new U.S. Corporate Headquarters with Citizens Asset Finance, Inc. due to the reappraisal of the property.


		As of December 31, 2016
(Dollars in thousands)		Maturity Date	Contractual Facility		Balance, Gross		Balance, Net(3)		Stated Interest Rate	Effective Interest Rate (1)
Denominated in USD
	Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	27,340	4.89%	5.20%
	Bank of America Credit Facility (USA)	November 28, 2019		55,000		39,950		39,759	3.27%	3.90%
	Bank of America Line of Credit (USA)	October 31, 2017		5,000		--		--	3.77%	3.77%
	Cinema 1, 2, 3 Term Loan (USA)(4)	September 1, 2019		19,901		19,901		19,356	3.25%	3.25%
	Minetta & Orpheum Theatres Loan (USA)(4)	June 1, 2018		7,500		7,500		7,398	3.38%	3.38%
	U.S. Corporate Office Term Loan (USA)(4)	January 1, 2027		8,363		8,363		8,239	4.64%	4.64%
	Union Square Construction Financing (USA)(4)	December 29, 2019		57,500		8,000		4,751	4.52%	4.52%
Denominated in FC (2)
	NAB Corporate Loan Facility (AU)	June 30, 2019		48,080		28,558		28,421	2.64%	2.64%
	Westpac Bank Corporate Credit Facility (NZ)	March 31, 2018		36,877		8,350		8,350	3.80%	3.80%
Total			$	266,134	$	148,535	$	143,614

(1) Effective interest rate includes the impact of interest rate derivatives hedging the interest rate risk associated with Trust Preferred Securities and Bank of America Credit Facility that were outstanding as of December 31, 2016.

(2) The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollar based on exchange rates as of December 31, 2016.

(3) Net of deferred financing costs amounting to $4.9 million.

(4) The loan for our Minetta & Orpheum Theatres was obtained from Santander Bank. The term loan for our Cinema 1,2,3 Theatre was refinanced during the third quarter of 2016 with Valley National Bank. The term loan, which is collateralized by our new U.S Corporate Headquarters office building, was obtained with Citizens Asset Finance, Inc. In December 2016, we successfully negotiated the construction financing for our Union Square redevelopment project, $8.0 million of which was advanced from the total construction loan limit of $57.5 million.

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


	Dollars in thousands
Balance Sheet Caption	December 31, 2017		December 31, 2016
Debt - current portion	$	8,109	$	567
Debt - long-term portion		94,862		115,707
Subordinated debt		27,554		27,340
Total borrowings	$	130,525	$	143,614

Debt denominated in USD

Trust Preferred Securities (“TPS”)

On February 5, 2007, we issued $51.5 million in 20-year fully subordinated notes to a trust over which we have significant influence, which in turn issued $51.5 million in securities. Of the $51.5 million, $50.0 million in TPS were issued to unrelated investors in a private placement and $1.5 million of common trust securities were issued by the trust to Reading called “Investment in Reading International Trust I” on our balance sheets. Effective May 1, 2012, the interest rate on our Trust Preferred Securities changed from a fixed rate of 9.22%, which was in effect for five years, to a variable rate of three month LIBOR plus 4.00%, which will reset each quarter through the end of the loan unless we exercise our right to re-fix the rate at the current market rate at that time. There are no principal payments due until maturity in 2027 when the notes and the trust securities are scheduled to be paid in full. We may pay off the debt after the first five years at 100% of the principal amount without any penalty. The trust is essentially a pass through, and the transaction is accounted for on our books as the issuance of fully subordinated notes. The credit facility includes a number of affirmative and negative covenants designed to monitor our ability to service the debt. The most restrictive covenant of the facility requires that we must maintain a fixed charge coverage ratio at a certain level. However, on December 31, 2008, we secured a waiver of all financial covenants with respect to our TPS for a period of nine years (through December 31, 2017), in consideration of the payment of $1.6 million, consisting of an initial payment of $1.1 million, a payment of $270,000 made in December 2011, and a payment of $270,000 in December 2014. The covenant wavier expired January 1, 2018 so covenant compliance will begin starting with Q1 2018.

During the first quarter of 2009, we took advantage of the then current market illiquidity for securities such as our TPS to repurchase $22.9 million in face value of those securities through an exchange of $11.5 million worth of marketable securities purchased during the period for the express purpose of executing this exchange transaction with the third party holder of these TPS. During the twelve months ended 2009, we amortized $106,000 of discount to interest income associated with the holding of these securities prior to their extinguishment. On April 30, 2009, we extinguished $22.9 million of these TPS, which resulted in a gain on retirement of subordinated debt (TPS) of $10.7 million net of loss on the associated write-off of deferred loan costs of $749,000 and a reduction in our Investment in Reading International Trust I from $1.5 million to $838,000.

During the three years ended December 31, 2017, we paid $1.4 million in each year in preferred dividends to unrelated investors that are included in interest expense. At December 31, 2017 and 2016, we had preferred dividends payable of $250,000 and $184,000, respectively. Interest payments for this loan are required every three months.

Bank of America Credit Facility

On March 3, 2016, we amended our $55.0 million credit facility with Bank of America to permit real property acquisition loans. This amendment was subject to the provision that the consolidated leverage ratio would be reduced by 0.25% from the established levels in the credit facility during the period of such borrowing subject further to a repayment of such borrowings on the earlier of the eighteen months from the date of such borrowing or the maturity date of the credit agreement. Such modification was not considered substantial under US GAAP.

Bank of America Line of Credit

In October 2016, the term of this line of credit was extended for another two (2) years until October 31, 2019. Such modification was not considered to be substantial under US GAAP.

Cinemas 1,2,3 Term Loan and Line of Credit

On August 31, 2016, Sutton Hill Properties LLC (“SHP”), a 75% subsidiary of RDI, refinanced its $15 million Santander Bank term loan with a new lender, Valley National Bank. This new $20 million loan is collateralized by our Cinema 1,2,3 property and bears an interest rate of 3.25% per annum, with principal installments and accruing interest paid monthly. The new loan matures on September 1, 2019, with a one-time option to extend maturity date for another year.

Minetta and Orpheum Theatres Term Loan

In May 2013, we refinanced our Liberty Theaters loan with a $7.5 million loan, secured by our Minetta and Orpheum theatres, thus releasing the Royal George Theatre from the security and leaving it unencumbered. This new loan has a maturity date of June 1, 2018, and an interest rate of 2.75% above LIBOR. We are currently working on a long term renewal with the current lender Santander.

Union Square Construction Financing

On December 29, 2016, we closed our new construction finance facilities totaling $57.5 million to fund the non-equity portion of the anticipated construction costs of the redevelopment of our property at 44 Union Square in New York City. The combined facilities consist of $50 million in aggregate loans (comprised of three loan tranches) from Bank of the Ozarks (“BOTO”), and a $7.5 million mezzanine loan from Tammany Mezz Investor, LLC, an affiliate of Fisher Brothers. As of December 31, 2016, Bank of the Ozarks advanced $8.0 million to repay the existing $8.0 million loan with East West Bank.

Presented in the table below is the breakdown of the Union Square construction financing as of December 31, 2017:


(Dollars in thousands)		Facility Limits and Advances
Financing Component	Lender	Facility Limit		Advanced-to- Date		Remaining Facility		Interest Rate(1)	Maturity Date(2)
Mezzanine loan	Tammany Mezz Investor LLC	$	7,500	$	--	$	7,500	Greater of (i) 10.50% and (ii) Adjusted LIBOR + 10%	December 29, 2019
Senior loan	Bank of the Ozarks		8,000		8,000		--	Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%	December 29, 2019
Building loan	Bank of the Ozarks		31,130		--		31,130	Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%	December 29, 2019
Project loan	Bank of the Ozarks		10,870		--		10,870	Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%	December 29, 2019
Total Union Square Financing		$	57,500	$	8,000	$	49,500

(1) Not to exceed the New York State maximum lawful borrowing rate, which typically is 16%.

(2) Allowable for up to two (2) extension request options, one (1) year for each extension request.

U.S. Corporate Office Term Loan

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

Debt denominated in foreign currencies

Australian NAB Corporate Loan Facility

On December 23, 2015, we amended our Reading Entertainment Australia Term Loan and Corporate Credit Facility with National Australia Bank (“NAB”), from a three-tiered facility comprised of (1) the Bank Bill Discount Facility with a limit of AU$61.3 million, an interest rate of 2.35% above the Bank Bill Swap Bid Rate (BBSY), and amortization at AU$2.0 million per year; (2) the Bill Discount Facility – Revolving with a limit of AU$10.0 million and an interest rate of 1.50% above the BBSY on any undrawn portion; and (3) the Bank Guarantee Facility with a facility limit of AU$5.0 million, into a $48.1 million (AU$66.5 million) Revolving Corporate Markets Loan facility. The new facility has an interest rate of 0.95% above BBSY on any outstanding borrowings and an unchanged maturity date of June 30, 2019. In addition, we will incur a facility fee of 0.95% per annum. We also have a $3.6 million (AU$5.0 million) Bank Guarantee facility at a rate of 1.90% per annum. The modifications of this particular term loan were not considered to be substantial under US GAAP.

New Zealand Westpac Bank Corporate Credit Facility

On December 15, 2017, we extended the maturity of the 1st tranche (general/non-construction credit line) of our Westpac Corporate Credit Facility to December 31, 2019. Prior to this on April 26, 2017, we extended the maturity of our entire Westpac Corporate Credit Facility, $37.6 million (NZ$53.0 million) to December 31, 2018, from March 31, 2018. We are currently working on a longer-term renewal of our Westpac Corporate Credit Facility which will replace the existing facility.

In October 2016, we amended our $34.8 million (NZ$50.0 million) credit facility with Westpac Bank to provide a $2.1 million (NZ$3.0 million) increase, thereby amending the total credit facility to $36.9 million (NZ$53.0 million). The increase in the credit facility was specific to the second tranche of our credit facility which is a dedicated construction facility, now of $12.5 million (NZ$18.0 million) from the original limit of $10.4 million (NZ$15.0 million). No drawdowns have been made against the second tranche to date. This modification was not considered substantial under U.S. GAAP.

Previously, on May 21, 2015, we refinanced our existing New Zealand Corporate Credit Facility with a $34.2 million (NZ$50.0 million) facility with the same bank (Westpac Bank), bearing an interest rate of 1.75% above Bank Bill Bid Rate and maturing on March 31, 2018. The facility is broken into two tranches, one a $23.9 million (NZ$35.0 million) credit facility and the second tranche for a $10.3 million (NZ$15.0 million) facility to be used for construction funding.

As of December 31, 2017, our aggregate amount of future principal debt payments is estimated as follows:


(Dollars in thousands)	Future Principal Debt Payments
2018	$	8,139
2019		89,190
2020		248
2021		258
2022		270
Thereafter		36,400
Total future principal debt payments	$	134,505

The estimated amount of future principal payments in U.S. dollars is subject to change because the payments in U.S. dollars on the debt denominated in foreign currencies, which represents a significant portion of our total outstanding debt balance, will fluctuate based on the applicable foreign currency exchange rates.

Pension And Other Liabilities

12 Months Ended

Dec. 31, 2017

Pension And Other Liabilities

NOTE 11 – PENSION AND OTHER LIABILITIES

Other liabilities including pension are summarized as follows:


(Dollars in thousands)	December 31, 2017		December 31, 2016
Current liabilities
Liability for demolition and remediation costs(1)	$	2,781	$	5,914
Lease liability(2)		5,900		5,900
Accrued pension(3)		2,907		2,223
Security deposit payable		91		77
Other		--		17
Other current liabilities	$	11,679	$	14,131
Other liabilities
Straight-line rent liability	$	13,444	$	12,413
Accrued pension(3)		5,228		5,732
Lease make-good provision		5,648		5,146
Environmental reserve		1,656		1,656
Interest rate swap		--		58
Deferred Revenue - Real Estate		18		4,398
Acquired leases		186		267
Other		469		495
Other liabilities	$	26,649	$	30,165

(1) Refer to Note 19 – Insurance Recoveries on Impairment and Related Losses due to Earthquake for details on the estimation of the demolition costs for our Courtenay Central parking structure.

(2) Represents the lease liability of the option associated with the ground lease purchase of the Village East Cinema. See below for more information.

(3) Represents the pension liability associated with the Supplemental Executive Retirement Plan explained below.

Lease Liability - Village East Purchase Option

Our Village East lease includes a call option pursuant to which we may purchase the cinema ground lease for $5.9 million at the end of the lease term in June 2020. Additionally, our lease has a put option pursuant to which SHC may require our Company to purchase all or a portion of SHC’s interest in the existing cinema lease and the cinema ground lease at any time between July 1, 2013 and December 4, 2019. SHC’s put option may be exercised on one or more occasions in increments of not less than $100,000 each. Because our late Chairman, Chief Executive Officer, and controlling shareholder, Mr. James J. Cotter, Sr. was also the managing member of SHC, RDI and SHC are considered entities under common control. As a result, we have recorded the Village East Cinema building as a property asset of $4.7 million on our balance sheet based on the cost carry-over basis from an entity under common control with a corresponding lease liability of $5.9 million presented under other liabilities which accreted up to the $5.9 million liability through July 1, 2013 (see Note 18 – Related Parties). As the put option has been exercisable by SHC since July 1, 2013, the lease liability has been classified as part of other current liabilities.

Pension Liability - Supplemental Executive Retirement Plan

On August 29, 2014, the Supplemental Executive Retirement Plan (“SERP”) that was effective since March 1, 2007, was ended and replaced with a new pension annuity. As a result of the termination of the SERP program, the accrued pension liability of $7.6 million was reversed and replaced with a new pension annuity liability of $7.5 million. The valuation of the liability is based on the present value of $10.2 million discounted at 4.25% over a 15-year term, resulting in a monthly payment of $56,944 payable to the estate of Mr. James J. Cotter, Sr. The discount rate of 4.25% has been applied since 2014 to determine the net periodic benefit cost and plan benefit obligation and is expected to be used in future years. The discounted value of $2.7 million (which is the difference between the estimated payout of $10.2 million and the present value of $7.5 million) will be amortized and expensed based on the 15-year term. In addition, the accumulated actuarial loss of $3.1 million recorded, as part of other comprehensive income, will also be amortized based on the 15-year term.

As a result of the above, included in our other current and non-current liabilities are accrued pension costs of $8.1 million and $8.0 million as of December 31, 2017 and 2016, respectively. The benefits of our pension plans are fully vested and therefore no service costs were recognized 2016 and 2015. Our pension plans are unfunded.

The change in the SERP pension benefit obligation and the funded status are as follows:


(Dollars in thousands)	December 31, 2017		December 31, 2016
Benefit obligation at January 1	$	7,955	$	7,775
Interest cost		180		180
Actuarial gain		--		--
Benefit obligation at December 31	$	8,135	$	7,955
Funded status at December 31	$	(8,135)	$	(7,955)

Amounts recognized in the balance sheet consists of:


(Dollars in thousands)	December 31, 2017		December 31, 2016
Current liabilities	$	2,907	$	2,223
Other liabilities - Non current		5,228		5,732
Total pension liability	$	8,135	$	7,955

The components of the net periodic benefit cost and other amounts recognized in other comprehensive income are as follows:


(Dollars in thousands)	December 31, 2017		December 31, 2016
Net periodic benefit cost
Interest cost	$	180	$	180
Amortization of prior service costs		--		--
Amortization of net actuarial gain		127		129
Net periodic benefit cost	$	307	$	309
Items recognized in other comprehensive income
Net loss	$	--	$	--
Amortization of prior service cost		--		--
Amortization of net loss		(127)		(129)
Total recognized in other comprehensive income	$	(127)	$	(129)
Total recognized in net periodic benefit cost and other comprehensive income	$	180	$	180

Items not yet recognized as a component of net periodic pension cost consist of the following:


(Dollars in thousands)	December 31, 2017		December 31, 2016
Unamortized actuarial loss	$	2,592	$	2,719
Accumulated other comprehensive loss	$	2,592	$	2,719

The estimated unamortized actuarial loss for the defined benefit pension plan that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year will be $207,000 (gross of any tax effects).

The following table presents estimated future benefit payments for the next five years and thereafter as of December 31, 2017:


(Dollars in thousands)	Estimated Future Pension Payments
2018	$	2,907
2019		684
2020		684
2021		684
2022		684
Thereafter		2,492
Total pension payments	$	8,135

Lease Make-Good Provision

We recognize obligations for future leasehold restoration costs relating to properties that we use mostly on our cinema operations under operating lease arrangements. Each lease is unique to the negotiated conditions with the lessor, but in general most leases require for the removal of cinema-related assets and improvements. There are no assets specifically restricted to settle this obligation.

A reconciliation of the beginning and ending carrying amounts of the lease make-good provision is presented in the following table:


(Dollars in thousands)	As of and for the year ended December 31, 2017		As of and for the year ended December 31, 2016
Lease make-good provision, at January 1	$	5,146	$	5,228
Liabilities incurred during the year		--		35
Liabilities settled during the year		--		(365)
Accretion expense		282		262
Effect of changes in foreign currency		220		(14)
Lease make-good provision, at December 31	$	5,648	$	5,146

Commitments And Contingencies

12 Months Ended

Dec. 31, 2017

Commitments And Contingencies [Abstract]

Commitments And Contingencies

NOTE 12 - COMMITMENTS AND CONTINGENCIES

The foregoing table identifies our known commitments and contingencies as of December 31, 2017:


Categories	Nature; Company Policy on Recognition and/or Disclosure(2)	Discussion Reference
COMMITMENTS
 Lease commitments(1)	Off-balance sheet disclosures relating to future minimum lease payments, mostly related to our operating cinemas on leased-facility model.	Refer to Note 17 - Leases
CONTINGENCIES
 Insurance gain contingencies and derivative loss contingencies on demolition costs relating to recent earthquake incident	Gain contingencies relating to an insurance claim is recognized once collectability is probable; related loss contingencies is recognized when there is probable likelihood of incurrence and amount is reasonably estimable.	Refer to Note 19 – Insurance Recoveries on Impairment and Related Losses Recoverable due to Earthquake.
 Other Litigation matters, notably Derivative Litigation involving James J. Cotter Jr.	Similar policies for gain and loss contingencies as noted above.	Refer below for further discussion.

(1) Starting January 1, 2019, lease commitments relating to our operating cinema leases will be brought forward to our Consolidated Balance Sheet, as required by the new lease accounting model.

(2) Consistent with our accounting policy for loss and gain contingencies discussed in Note 2 – Summary of Significant Accounting Policies and further discussed in more details below.

Litigation Matters

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

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

Where we are the defendants, we accrue for probable damages that insurance may not cover as they become known and can be reasonably estimated. 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.

All of these matters require significant judgments based on the facts known to us. These judgments are inherently uncertain and can change significantly when additional facts become known. We provide accruals for matters that have probable likelihood of occurrence and can be properly estimated as to their expected negative outcome. We do not record expected gains until the proceeds are received by us. However, we typically make no accruals for potential costs of defense, as such amounts are inherently uncertain and dependent upon the scope, extent and aggressiveness of the activities of the applicable plaintiff.

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 unanticipated environmental conditions at properties that we have acquired for development. 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 of our railroad operations to asbestos and 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 our employees and who may claim 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.

Tax Audit/Litigation

The Internal Revenue Service (the “IRS”) examined the tax return of Craig Corporation (“CRG”) for its tax year ended June 30, 1997. CRG was a stand-alone entity in the year of audit but is now a wholly-owned subsidiary of the Company. In Tax Court, CRG and the IRS agreed to compromise the claims made by the IRS against CRG, and the court order was entered on January 6, 2011. As of December 31, 2017, the remaining federal tax obligation was $2.8 million. For additional information, see Note 9 – Income Taxes.

Cotter Jr. Related Litigation Matters (including legal costs coverage)

The following table provides a list of legal matters and current status relating to James J. Cotter, Jr’s (“Cotter, Jr.”) employment termination, Mr. Cotter, Jr.’s subsequent derivative action brought against the Company and all of our Directors alleging, among other things, that such termination violated the fiduciary duties of such Directors, and Mr. Cotter, Jr.’s efforts to cause a change of control of the Company, with detailed discussions follow:


Description	Plaintiff	Filed with	Current Status
James J. Cotter, Jr. Legal Cases (collectively “Cotter, Jr. Derivative Actions”)
 Cotter, Jr. Derivative Litigation against all Directors on matters other than the handling by the Directors of the Patton Vision Unsolicited Indication of Interest	Cotter, Jr.	Nevada District Court	Claims against Directors Judy Codding, William Gould, Edward L. Kane, Douglas McEachern and Michael Wrotniak were dismissed on December 29, 2017; court trial for the remaining claim (Cotter vs. Cotter) was postponed at Cotter, Jr.’s request. No new trial date has been set, and it is anticipated that various summary judgment motions being brought by the Company and the Defendant Directors will be heard before the case is tried.
 Cotter, Jr. Derivative Litigation against all Directors re handling by the Directors of unsolicited indication of interest by Patton Vision, LLC.	Cotter, Jr.	Nevada District Court	Dismissed as to all Directors on December 29, 2017.
 Direct Case against the Company seeking reimbursement and advancement of attorney’s fees incurred with respect to the Employment Arbitration	Cotter, Jr.	Nevada District Court	Summary judgment entered in favor of the Company on October 3, 2016.
 Employment Arbitration	Cotter, Jr.	American Arbitration Association	In Discovery Phase: hearing anticipated in October, 2018.
 T2 Partners Derivative Complaint	T2 Partners Management	Nevada District Court	Settled on October 6, 2016, without the payment of any monetary consideration or any reimbursement of attorneys fees.

James J. Cotter, Jr., Litigation Matters.

The James J. Cotter, Jr. Derivative Litigation: On June 12, 2015, the Board of Directors terminated James J. Cotter, Jr. as the President and Chief Executive Officer of our Company. That same day, Mr. Cotter, Jr. filed a lawsuit, styled as both an individual and a derivative action, and titled “James J. Cotter, Jr., individually and derivatively on behalf of Reading International, Inc. vs. Margaret Cotter, et al.” Case No,: A-15-719860-V, Dept. XI, against our Company and each of our then sitting Directors (Ellen Cotter, Margaret Cotter, Guy Adams, William Gould, Edward Kane, Douglas McEachern, and Tim Storey) in the Eighth Judicial District Court of the State of Nevada for Clark County (the “Nevada District Court”). Since that date, our Company has been engaged in ongoing litigation with Mr. Cotter, Jr. with respect to his claims against our Directors. Mr. Cotter, Jr. has over this period of time twice amended his complaint, removing his individual claims and withdrawing his claims against Tim Storey (but reserving the right to reinstitute such claims), adding claims relating to actions taken by our Board since the filing of his original complaint and adding as defendants two of our directors who were not on our Board at the time of his termination: Judy Codding and Michael Wrotniak. Mr. Cotter, Jr.’s lawsuit, as amended from time to time, is referred to herein as the “Cotter Jr. Derivative Action” and his complaint, as amended from time to time, is referred to herein as the “Cotter Jr. Derivative Complaint.” The defendant directors named in the Cotter Jr. Derivative Complaint, from time to time, are referred to herein as the “Defendant Directors.”

The Cotter Jr. Derivative Complaint alleges among other things, that the Defendant Directors breached their fiduciary duties to the Company by terminating Mr. Cotter, Jr. as President and Chief Executive Officer, continuing to make use of the Executive Committee that has been in place for more than the past ten years (but which no longer includes Mr. Cotter, Jr. as a member), making allegedly potentially misleading statements in our Company’s press releases and filings with the SEC, paying certain compensation to Ellen Cotter, allowing the Cotter Estate to make use of Class A Stock to pay for the exercise of certain long outstanding stock options to acquire 100,000 shares of Class B Stock (the “Cotter Estate Stock Options”) held of record by the Cotter Estate and determined by the Nevada District Court to be assets of the Cotter Estate, and allowing Ellen Cotter and Margaret Cotter to vote the 100,000 shares of Class B Stock issued upon the exercise of such options, appointing Ellen Cotter as President and Chief Executive Officer, appointing Margaret Cotter as Executive Vice President-Real Estate Management and Development-NYC, and the way in which the Board handled an unsolicited indication of interest made by a third party to acquire all of the stock of our Company. In the lawsuit, Mr. Cotter, Jr. seeks reinstatement as President and Chief Executive Officer, a declaration that Ellen Cotter and Margaret Cotter may not vote the above referenced 100,000 shares of Class B Stock, and alleges as damages fluctuations in the price for our Company’s shares after the announcement of his termination as President and Chief Executive Officer and certain unspecified damages to our Company’s reputation.

On December 29, 2017, the Nevada District Court entered its final order memorializing its determination on December 11, 2017 that Mr. Cotter, Jr., had failed to raise any genuine issue of material fact relating to the disinterestedness and/or independence of Directors Codding, Gould, Kane, McEachern and Wrotniak (the “Dismissed Directors”), and dismissing with prejudice all claims against them. Mr. Cotter, Jr., has appealed this final order to the Nevada Supreme Court. In that same final order, the Nevada District Court also memorialized its dismissal of all claims based upon what the Defendant’ Directors action in regard to what Mr. Cotter, Jr., characterize as an “offer” by Patton Vision, LLC (“Patton Vision”), to purchase all of the outstanding stock of our Company. The Nevada District Court ruled that Mr. Cotter, Jr., had failed “to show damages relating to an unenforceable, unsolicited, nonbinding offer.” Mr. Cotter, Jr., has appealed to the Nevada Supreme Court the dismissal with prejudice of the Dismissed Directors. The Defendant Directors have taken advantage of the appeal by Mr. Cotter, Jr., to appeal certain other ruling by the Nevada District Court pertaining to other motions for summary judgement brought by the Defendant Directors.

Also on December 29, 2017, the Board of Directors, by votes of 5 to 1 with 3 directors abstaining, voted to ratify the decision made by the Board of Directors on June 12, 2017, to terminate Mr. Cotter, Jr., as our Company’s President and Chief Executive Officer and to ratify the decision made by the Board’s Compensation and Stock Options Committee on September 21, 2015, to permit the Estate of James J. Cotter, Sr., to use shares of Class A Common Stock to exercise the Cotter Estate Stock Options. Voting in favor of the ratification motions were directors Codding, Gould, Kane, McEachern and Wrotniak. Voting against ratification was Mr. Cotter, Jr. Abstaining were directors Guy Adams, Ellen Cotter and Margaret Cotter.

The trial of the remaining issues in the case against the remaining defendants in that case, which was scheduled to begin on January 8, 2018, has been continued by the Nevada District Court at the request of Mr. Cotter, Jr. Mr. Cotter, Jr.’s request for a continuance was brought before the Nevada District Court on Monday, January 8, 2018, and came as a surprise to our Company and the Defendant Directors since Plaintiff counsel had advised the Nevada District Court as late as the afternoon of Friday, January 5, 2018, that Mr. Cotter, Jr. was prepared to begin jury selection that following Monday. Mr. Cotter, Jr.’s motion request for a continuance was based on an asserted medical condition (the nature of which has not been disclosed to our Company or the Defendant Directors). No new trial date has been set.

In the meantime, the Nevada District Court has granted the Defendant Directors and the Company leave to file renewed motions for summary judgment arising out of the Nevada District Court’s dismissal of the Dismissed Directors, including a motion based on the fact that Mr. Cotter, Jr.’s claims regarding his termination and the exercise of the Cotter Estate Stock Options have since been ratified by the Dismissed Directors. The Nevada District Court has granted limited discovery regarding the summary judgment motion based upon ratification. The Company expects that these renewed motions for summary judgment will be filed in April 2018, and the next status conference with the Nevada District Court has been set for April 6, 2018.

The James J. Cotter, Jr., Employment Arbitration: In addition, our Company is in arbitration with Mr. Cotter, Jr. (Reading International, Inc. v. James J. Cotter, AAA Case No. 01-15-0004-2384, filed July 2015) (the “Cotter Jr. Employment Arbitration”) seeking declaratory relief and defending claims asserted by Mr. Cotter, Jr. On January 20, 2017, Mr. Cotter Jr. filed a First Amended Counter-Complaint which includes claims of breach of contract, contractual indemnification, retaliation, wrongful termination in violation of California Labor Code § 1102.5, wrongful discharge, and violations of California Code of Procedure § 1060 based on allegations of unlawful and unfair conduct. Mr. Cotter, Jr. seeks compensatory damages estimated by his counsel at more than $1.2 million, plus unquantified special and punitive damages, penalties, interest and attorney’s fees. On April 9, 2017, the Arbitrator granted without leave to amend the Company’s motion to dismiss Mr. Cotter, Jr.’s claims for retaliation, violation of labor code §1102.5 and wrongful discharge in violation of public policy. The Cotter Jr. Employment Arbitration is in the discovery phase.

The James J. Cotter, Jr., Fee Reimbursement Litigation: Mr. Cotter, Jr. also brought a direct action in the Nevada District Court (James J. Cotter, Jr. v. Reading International, Inc., a Nevada corporation; Does 1-100 and Roe Entities, 1-100, inclusive, Case No. A-16-735305-B) seeking advancement of attorney’s fees incurred in the Cotter Jr. Employment Arbitration. Summary judgment was entered against Mr. Cotter, Jr. with respect to that direct action on October 3, 2016.

The T2 Derivative Litigation: For a period of approximately 12 months, between August 6, 2015 and August 4, 2016, our Company and our directors other than Mr. Cotter, Jr. were subject to a derivative lawsuit filed in the Nevada District Court captioned T2 Partners Management, LP, a Delaware limited partnership, doing business as Kase Capital Management; T2 Accredited Fund, LP, a Delaware limited partnership, doing business as Kase Fund; T2 Qualified Fund, LP, a Delaware limited partnership, doing business as Kase Qualified Fund; Tilson Offshore Fund, Ltd, a Cayman Islands exempted company; T2 Partners Management I, LLC, a Delaware limited liability company, doing business as Kase Management; T2 Partners Management Group, LLC, a Delaware limited liability company, doing business as Kase Group; JMG Capital Management, LLC, a Delaware limited liability company, Pacific Capital Management, LLC, a Delaware limited liability company (the “T2 Plaintiffs”), derivatively on behalf of Reading International, Inc. vs. Margaret Cotter, Ellen Cotter, Guy Adams, Edward Kane, Douglas McEachern, Timothy Storey, William Gould and Does 1 through 100, inclusive, as defendants, and, Reading International, Inc., a Nevada corporation, as Nominal Defendant. That complaint was subsequently amended (as amended the “T2 Derivative Complaint”) to add as defendants Directors Judy Codding and Michael Wrotniak (collectively with the directors initially named the “T2 Defendant Directors”) and S. Craig Tompkins, our Company’s legal counsel (collectively with the T2 Defendant Directors, the “T2 Defendants”). The T2 Derivative Action was settled pursuant to a Settlement Agreement between the parties dated August 4, 2016, which as modified was approved by the Nevada District Court on October 6, 2016. The District Court’s Order provided for the dismissal with prejudice of all claims contained in the T2 Plaintiffs’ First Amended Complaint and provide that each side would be responsible for its own attorneys’ fees.

In the joint press release issued by our Company and the T2 Plaintiffs on July 13, 2016, representatives of the T2 Plaintiffs stated as follows: "We are pleased with the conclusions reached by our investigations as Plaintiff Stockholders and now firmly believe that the Reading Board of Directors has and will continue to protect stockholder interests and will continue to work to maximize shareholder value over the long-term. We appreciate the Company's willingness to engage in open dialogue and are excited about the Company's prospects. Our questions about the termination of James Cotter, Jr., and various transactions between Reading and members of the Cotter family-or entities they control-have been definitively addressed and put to rest. We are impressed by measures the Reading Board has made over the past year to further strengthen corporate governance. We fully support the Reading Board and management team and their strategy to create stockholder value.”

The T2 Plaintiffs alleged in their T2 Derivative Complaint various violations of fiduciary duty, abuse of control, gross mismanagement and corporate waste by the T2 Defendant Directors. More specifically the T2 Derivative Complaint sought the reinstatement of James J. Cotter, Jr. as President and Chief Executive Officer, an order setting aside the election results from the 2015 Annual Meeting of Stockholders, based on an allegation that Ellen Cotter and Margaret Cotter were not entitled to vote the shares of Class B Common Stock held by the Cotter Estate and the Cotter Trust, and certain monetary damages, as well as equitable injunctive relief, attorney fees and costs of suit. In May 2016, the T2 Plaintiffs unsuccessfully sought a preliminary injunction (1) enjoining the Inspector of Elections from counting at our 2016 Annual Meeting of Stockholders any proxies purporting to vote either the 327,808 Class B shares held of record by the Cotter Estate or the 696,080 Class B shares held of record by the Cotter Trust, and (2) enjoining Ellen Cotter, Margaret Cotter and James J. Cotter, Jr. from voting the above referenced shares at the 2016 Annual Meeting of Stockholders. This request for preliminary injunctive relief was denied by the Nevada District Court after a hearing on May 26, 2016.

The Cotter Trust Litigation:

Up until his death on September 13, 2014, James J. Cotter, Sr., the father of Ellen Cotter, James J. Cotter, Jr. and Margaret Cotter, was our controlling stockholder, having the sole power to vote approximately 66.9% of the outstanding voting stock of the Company. Under applicable Nevada Law, a stockholder holding more than 2/3rds of the Company’s voting stock has the power at any time, with or without cause, to remove any one or more directors (up to and including the entire board of directors) by written consent taken without a meeting of the stockholders.

Since the death of Mr. Cotter, Sr., disputes have arisen among Ellen Cotter, James J. Cotter, Jr. and Margaret Cotter concerning the voting control and disposition of those shares. At the present time, Mr. Cotter, Jr., is seeking the in the Superior Court of the State of California, County of Los Angeles (the “California Superior Court”), in the case captioned In re James J. Cotter Living Trust dated August 1, 2000 (Case No. BP159755) (the “Trust Case”) the appointment of a trustee ad litem to market and potentially sell a controlling interest in our Company. In light of our Board’s determination that it would be in the best interests of our Company and our stockholders generally to continue to pursue our Company’s business plan, and not to sell the Company at this time, the potential disruption to the achievement of that business plan and to the business and affairs of our Company generally if there were to be a change of control transaction at this time, the commitment of Ellen Cotter and Margaret Cotter to the pursuit and fulfilment of that business plan, our Company has made filings in the California Superior Court opposing such an appointment of a trustee ad litem.

As of December 31, 2017, according to the books of the Company, the Living Trust established by Declaration of Trust dated June 5, 2013, by James J. Cotter, Sr. (the “Cotter Trust”), held of record 696,080 shares of our Class B Stock constituting approximately 41.4% of the voting power of our outstanding capital stock. According to the books of the Company, the Cotter Estate as of that date held of record an additional 427,808 shares of Cass B Stock, constituting approximately 25.5% of the voting power of our outstanding capital stock. We are advised, based upon public filings made by one or more of Ellen Cotter, Margaret Cotter and James J. Cotter, Jr. (the “Cotter Filings”) that the Cass B Stock currently held of record by the Cotter Estate will eventually pour over into the Cotter Trust. We are further advised from the Cotter Filings that the Cotter Trust also provides for the establishment of a voting trust (the “Cotter Voting Trust”) which will eventually hold the Cass B Stock currently held by the Cotter Estate and the Cotter Trust. At the present time, however, such Cass B Stock is held of record by the Cotter Trust and the Cotter Estate, respectively.

On December 22, 2014, the District Court of Clark County, Nevada, (the “Nevada District Court”) appointed Ellen Cotter and Margaret Cotter as co-executors of the Cotter Estate. While no final ruling has been issued, the California Superior Court has, through the issuance of a Statement of Determination, in effect determined (subject to appeal) that Ellen Cotter and Margaret Cotter are the Co-Trustees of the Cotter Trust and that Margaret Cotter is the sole Trustee of the Voting Trust. Accordingly, the Company believes that Ellen Cotter and Margaret Cotter as the Co-Trustees of the Cotter Trust have voting control over the shares held by the Cotter Trust and as the Co-Executors of the Cotter Estate have voting control over the shares held by the Cotter Estate (including the 100,000 shares of Cass B Stock acquired by the Cotter Estate through the exercise of the Cotter Estate Stock Options) and which collectively represent 66.9% of our Company’s Cass B Stock. Taking into account Ellen Cotter and Margaret Cotter’s personal holdings of voting stock Ellen Cotter and Margaret Cotter have the power to vote Cass B Stock representing 71.9% of our Company’s outstanding voting power. However, the California Superior Court’s ruling is subject to appeal, and no assurances can be given that Mr. Cotter, Jr., will not appeal the determination of the California Superior Court as to voting control over the Cass B Stock held by the Cotter Trust and/or the Voting Trust.

We understand from public filings made by Ellen Cotter and Margaret Cotter and public filings made by James J. Cotter, that James J. Cotter, Jr. is the first alternate trustee of the Voting Trust, in the event that Margaret Cotter is unable or unwilling to serve as trustee.

On February 8, 2017, James Cotter, Jr. filed in the Trust Case an Ex Parte Petition for Appointment of a trustee ad litem and of a guardian ad litem for the benefit of Cotter, Sr.’s, minor grandchildren (two of whom are the children of Margaret Cotter and three of whom are the children of James Cotter, Jr., and who are referred to herein as the “Cotter Grandchildren”). Mr. Cotter, Jr., seeks the appointment of a trustee ad litem, to evaluate the non-binding indication of interest sent by Patton Vision, to the Trustees of the Cotter Trust to acquire the RDI shares held by the Cotter Trust at $18.50 per share (referred to in Mr. Cotter, Jr’s pleadings as the “Offer”) and to take reasonable steps to act on the “Offer” in the trustee’s sole discretion. Specifically, Mr. Cotter Jr. sought an order “granting the trustee ad litem with full power, authority, and protections under the Cotter Trust and California trust law, as any other named trustee would have, to evaluate the Offer, conduct due diligence, negotiate with Patton Vision or any other potential offerors, and take all actions necessary or appropriate to consummate the sale of the Cotter Trust’s RDI shares, including but not limited to:

communicate solely with Patton Vision regarding their Offer to purchase the Cotter Trust’s RDI shares;

receive solely and exclusively all offers for the purchase of the Cotter Trust’s RDI shares;

enter into purchase and sale agreements with respect to the Cotter Trust’s RDI shares;

take all actions necessary to carry out the terms, conditions, and obligations of any purchase and sale agreement with respect to the Cotter Trust’s RDI shares, including negotiating any modifications thereto;

receive all proceeds of sale from the Cotter Trust’s RDI shares;

return to the co-trustees of the Cotter Trust, namely Margaret Cotter, Ellen Cotter, and James J. Cotter, Jr., net proceeds of the sale of the Cotter Trust’s RDI shares to be invested, managed and distributed in accordance with the terms of the Cotter Trust;

hire investment advisors, tax advisors, accountants, attorneys , or any other advisors the trustee ad litem deems necessary and reasonable, in his or her sole discretion, to carry out his powers; and,

temporarily suspending James J. Cotter, Jr., Margaret and Ellen’s powers with respect to all of the foregoing matters until further order of this Court.”

On February 14, 2018, the California Superior Court issued its Statement of Decision announcing its determination to appoint a temporary trustee ad litem (the “TTAL”) “with the narrow and specific authority to obtain offers to purchase the RDI stock in the voting trust, but not to exercise any other powers without court approval, specifically the sale of the company or any other powers possessed by the trustees.” No TTAL has been appointed. The California Superior Court has directed the parties to either agree upon a TTAL, or in the alternative to submit to the court three acceptable names. No time line is specified in the Statement of Decision for the appointment of a TTAL or for the execution of such person’s charge to “obtain offers to purchase RDI stock in the voting trust.” In so far as we are aware, based upon public filings and our internal records, at the present time the voting trust does not own any shares of RDI stock. The shares which are anticipated to flow into the voting trust are, insofar as our Company is aware, currently owned by the Cotter Estate and the Cotter Trust.

The California Superior Court, in the Trust Case, has jurisdiction over the Cotter Trust, which as described in more detail above, currently owns 41.4% of our Class B Stock, and, at such time as the Cotter Estate is probated, may receive up to an additional 25.5% of our Class B Stock, has jurisdiction over a potentially controlling block of our voting power. Should the California Superior Court order the sale of the Trusts’ Class B Stock and such sale be completed, then there may be a change of control of our Company, depending on, among other things, who the ultimate purchaser(s) of such shares might be, the number of shares of Class B Stock distributed by the Cotter Estate to the Cotter Trust, and whether the California Superior Court orders a sale of all or only some portion to the Class B Stock held by the Cotter Trust.

Costs of Litigation/Arbitration: Our Company is and was legally obligated to cover the costs and expenses incurred by our Defendant Directors in defending the Cotter Jr. Derivative Action and the T2 Derivative Action. Furthermore, although in a derivative action the stockholder plaintiff seeks only damages or other relief for the benefit of our Company, and not for the stockholder plaintiff’s individual benefit and, accordingly, although we are, at least in theory, only a nominal defendant, as a practical matter our Company has a direct interest in defending against Mr. Cotter’s claims and opposing the remedies he is seeking. Mr. Cotter, Jr. is, among other things, (a) seeking an order that our Board’s termination of Mr. Cotter, Jr. was ineffective and demanding, as a remedy, that he be reinstated as the President and Chief Executive Officer of our Company, (b) seeking an order limiting the use of our Board’s Executive Committee, and (c) asserting that our Company made has materially misleading statements in certain press releases and filings with the SEC. Accordingly, our Company is also incurring, on its own account, significant cost and expense defending the decision to terminate Mr. Cotter, Jr. as President and Chief Executive Officer, its board committee structure, and the adequacy of those press releases and filings, in addition to its costs incurred in responding to discovery demands and satisfying indemnity obligations to the Defendant Directors. Likewise, in connection with the T2 Derivative Action, our Company incurred substantial costs defending claims related to the defense of claims relating to the termination of Mr. Cotter, Jr., opposing his reinstatement, and defending the conduct of its annual meetings. Cost incurred in the Cotter Jr. Employment Arbitration and in the defense of the Cotter Jr. Attorney’s fees case were direct costs of our Company.

The Directors and Officer’s Insurance Policy, in the amount of $10 million, being used to cover a portion of the costs of defending the Cotter Jr. Derivative Action, has been exhausted. We are now covering the defense costs of the Defendant Directors, in addition to our own costs incurred in connection with the Cotter Jr. Derivative Action. In 2017, these out-of-pocket costs totaled approximately $4.0 million. We believe that approximately $1.7 million of this amount was spent in the months of November and December, in anticipation that the case would in fact go to trial on or about January 8, 2018, and accordingly will have only marginal salvage value.

We have also incurred legal expense representing the interests of our Company in the Cotter Trust Litigation, opposing Mr. Cotter, Jr.’s Ex Parte Motion to seek a guardian ad litem to market stock potentially representing a controlling interest in our Company without the involvement of our Board of Directors and without any safeguards to protect the interests of non-controlling stockholders.

The Special Independent Committee. On August 7, 2017, our Board appointed a Special Independent Committee to, among other things, review, consider, deliberate, investigate, analyze, explore, evaluate, monitor and exercise general oversight of any and all activities of the Company directly or indirectly involving, responding to or relating to the Cotter Jr. Derivative Action, the Cotter Jr. Employment Arbitration, the Cotter Trust Litigation, and any other litigation or arbitration matters involving any one or more of Ellen Cotter, Margaret Cotter, James J. Cotter, Jr., the Cotter Estate and/or the Cotter Trust.

The STOMP Arbitration

In April 2015, Liberty Theatres, LLC (“Liberty”), a wholly owned subsidiary of the Company, commenced an American Arbitration Association arbitration proceeding against The Stomp Company Limited Partnership (“Stomp”), the producer of the show STOMP, in response to Stomp’s purported termination of their license agreement with Liberty relating to such show. STOMP has been playing at our Orpheum Theatre in New York City for 23 years and still continues to play to date. Liberty sought specific performance, injunctive and declaratory relief and damages. Stomp counterclaimed for unspecified damages, alleging that Liberty has interfered with the Stomp’s endeavors to move the show to another Off-Broadway theater. Stomp based its purported termination of the license agreement upon the alleged deficient condition of the Orpheum Theater.

On December 18, 2015, the Arbitrator issued his Partial Final Award of Arbitration, providing for, among other things (i) the issuance of a permanent injunction prohibiting Stomp from “transferring or taking actions to market, promote, or otherwise facilitate any transfer of, STOMP to another theatre in New York City having fewer than 500 seats without Liberty’s prior written consent”, (ii) the Stomp’s Notice of Termination purportedly terminating the parties’ license agreement was invalid, null and void and the License Agreement remains in full force and effect, and (iii) the award to Liberty of its reasonable attorneys’ fees in an amount to be determined by the Arbitrator.

In explaining his decision to award Liberty its reasonable attorneys’ fees, the Arbitrator stated as follows: “Liberty is entitled to such an award [of attorneys’ fees] not only because it is the prevailing party in this proceeding, but because [the Producer] unfairly disparaged the Orpheum and caused Liberty to incur attorneys’ fees in order to address and resolve [the Producer’s] groundless and frivolous allegations with respect to the Orpheum’s condition, Liberty’s performance under the License Agreement, and Stomp’s reasons for seeking to transfer STOMP to a larger theatre.”

In April 2016, we received a Final Award in our arbitration with Stomp. The Final Award awards us $2.3 million in attorney’s fees and costs. In September 2016, the parties agreed on the payment terms of the Final Award (“Payment Agreement”), on a basis that is intended to allow recovery by Liberty of the entire Final Award (plus interest at 4%), while at the same time allowing the show to continue playing at our Orpheum Theater. The total of $2.3 million plus interest has now been paid in full, final payment being received on March 5, 2018. STOMP continues to play at our Orpheum Theater.

Non-controlling Interests

12 Months Ended

Dec. 31, 2017

Non-controlling Interests [Abstract]

Non-controlling Interests

NOTE 13 – NON-CONTROLLING INTERESTS

As of December 31, 2017, the non-controlling interests in our consolidated subsidiaries are comprised of the following:

Australia Country Cinemas Pty Ltd. -- 25% non-controlling interest owned by Panorama Cinemas for the 21st Century Pty Ltd.;

Shadow View Land and Farming, LLC -- 50% non-controlling membership interest owned by either the estate of Mr. James J. Cotter, Sr. (the “Cotter Estate”) or the James J. Cotter Sr. Living Trust (the “Cotter Trust”); and,

Sutton Hill Properties, LLC -- 25% non-controlling interest owned by Sutton Hill Capital, LLC (which in turn is 50% owned by the Cotter Estate and/or the Cotter Trust).

The components of non-controlling interest are as follows:


(Dollars in thousands)	December 31, 2017		December 31, 2016
Australian Country Cinemas, Pty Ltd	$	138	$	264
Shadow View Land and Farming, LLC		2,127		1,980
Sutton Hill Properties, LLC		2,066		2,174
Non-controlling interests in consolidated subsidiaries	$	4,331	$	4,418

The components of income/(loss) attributable to non-controlling interests are as follows:


(Dollars in thousands)	2017		2016		2015
Australian Country Cinemas, Pty Ltd	$	164	$	140	$	126
Shadow View Land and Farming, LLC		(45)		(58)		(77)
Sutton Hill Properties, LLC		(108)		(68)		(128)
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	$	11	$	14	$	(79)

Shadow View Land and Farming, LLC

This land is held in Shadow View Land and Farming, LLC, in which the Cotter Estate or the Cotter Trust now owns a 50% interest. We are the managing member of Shadow View Land and Farming, LLC. We consolidate the Cotter Estate’s and/or the Cotter Trust’s interest in the property and its expenses with that of our interest and show their interest as a non-controlling interest.

Shared-Based Compensation and Share Repurchases Plans

12 Months Ended

Dec. 31, 2017

Shared-Based Compensation and Share Repurchases Plans [Abstract]

Shared-Based Compensation and Share Repurchases Plans

NOTE 14 – SHARE-BASED COMPENSATION AND SHARE REPURCHASE PLANS

2010 Stock Incentive Plan

The Company may grant stock options and other share-based payment awards of our Class A Stock to eligible employees, directors, and consultants under the 2010 Stock Incentive Plan (the “2010 Plan”), which originally allows for an aggregate total number of 1,250,000 shares of Class A Nonvoting Common Stock authorized for issuance under the 2010 Plan. As of September 30, 2017, there were 302,540 shares authorized for issuance under the 2010 Plan and available for future grants or awards.

During the Company’s 2017 Annual Stockholders’ Meeting held on November 7, 2017, the Company's stockholders, upon recommendation of the Board of Directors, approved an amendment to the Company's 2010 Plan to increase the number of shares of common stock issuable under such plan by an additional 947,460 shares. The effect of the increase is to restore the amount of shares of Class A Common Stock available under the 2010 Stock Incentive Plan from the 302,540 shares available as of September 30, 2017, back up to its original reserve of 1,250,000 shares. There were no new grants during the 4th quarter of 2017. Accordingly, as of December 31, 2017, we had 1,250,000 shares remaining for future issuances.

Since the adoption of the 2010 Plan, the Company has granted awards primarily in the form of stock options or stock grants. In the first quarter of 2016, the Company started to award restricted stock units (“RSUs”) to directors and certain members of management. Stock options are generally 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 the Company’s share at an exercise price determined on grant date, an RSU entitles the grantee to receive one share for every RSU based on a vesting plan. At the discretion of our Compensation and Stock Options Committee, the vesting period of stock options and RSUs ranges from zero to four years. At the time the options are exercised or RSUs vest, 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 estimate 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 expense the estimated grant-date fair values of options over the vesting period on a straight-line basis. Based on our historical experience and the relative market price to strike price of the options, we have not hereto estimated any forfeitures of vested or unvested options.

The weighted average assumptions used in the option-valuation model for the years 2017, 2016 and 2015 were as follows:


	2017		2016		2015
Stock option exercise price	$	$15.94	$	11.87	$	13.30
Risk-free interest rate		1.66%		1.20%		2.23%
Expected dividend yield		--		--		--
Expected option life in years		3.75		3.75		4.00
Expected volatility		24.95%		25.01%		31.86%
Weighted average fair value	$	3.45	$	2.49	$	3.82

We recorded compensation expense of $310,000, $284,000, and $282,000 for 2017, 2016, and 2015, respectively. At December 31, 2017, the total unrecognized estimated compensation cost related to non-vested stock options was $878,000 which is expected to be recognized over a weighted average vesting period of 1.91 years. Cash and other consideration received from option exercises during 2017, 2016, and 2015 totaled $574,000, $146,000 and $3.0 million respectively.

The following is a summary of the status of RDI’s outstanding stock options for the three years ended December 31, 2017:


	Outstanding Stock Options
	Number of Options		Weighted Average Exercise Price				Weighted Average Remaining Years of Contractual Life	Aggregate Intrinsic Value
	Class A	Class B	Class A		Class B		Class A&B	Class A&B
Outstanding - January 1, 2015	568,250	185,100	$	6.88	$	9.90	2.40	$	4,197,000
Granted	112,000	--		13.30		--
Exercised	(185,685)	(185,100)		6.09		9.90			327,170
Expired	(8,000)	--		6.23		--
Outstanding - December 31, 2015	486,565	--	$	8.68	$	--	2.89	$	2,188,011
Granted	169,327	--		11.87		--
Exercised	(46,815)	--		9.50		--			220,002
Expired	(74,000)	--		7.02		--
Outstanding - December 31, 2016	535,077	--	$	9.84	$	--	2.61	$	3,615,191
Granted	169,762	--		15.94		--
Exercised	(177,750)	--		7.85		--			702,840
Expired	(2,500)	--		6.23		--
Outstanding - December 31, 2017	524,589	--	$	12.50	$	--	3.15	$	3,054,325

The following is a summary of the status of RDI’s vested and unvested stock options as of December 31, 2017, 2016 and 2015:


	Vested and Unvested Stock Options
	Number of Options		Weighted Average Exercise Price				Weighted Average Remaining Years of Contractual Life	Aggregate Intrinsic Value
	Class A	Class B	Class A			Class B	Class A&B	Class A&B
Vested
December 31, 2017	186,832	--	$	9.84	$	--	2.30	$	2,202,772
December 31, 2016	296,500	--		7.88		--	1.59		2,584,500
December 31, 2015	256,065	--		7.64		--	2.14		1,401,321
Unvested
December 31, 2017	337,757	--	$	13.86	$	--	3.62	$	851,552
December 31, 2016	238,577	--		12.28		--	3.87		1,030,691
December 31, 2015	230,500	--		9.83		--	3.72		786,690

Termination of Previous President’s Unvested Stock Options

Mr. James Cotter, Jr. has asserted in past communications with the Company that options to acquire 50,000 shares of Class A Stock, issued to him in connection with his retention as the President of our Company, survived his termination as President. On August 3, 2016, our Compensation and Stock Options Committee met, reviewed the issue and determined that such 50,000 options had in fact terminated with the termination of Mr. Cotter, Jr.’s employment as President. Accordingly, these options are not, and have not been outstanding since the effective date of Mr. Cotter, Jr’s termination. This was recorded as a forfeiture during the quarter ended September 30, 2016.

Restricted Stock Units

We estimate the grant-date fair values of our RSUs using the Company’s stock price at grant-date and record such fair values as compensation expense over the vesting period on a straight-line basis. During 2017 and 2016, RSU awards were granted to both our directors and certain members of management. These RSU awards vest 25% at the end of each year for 4 years (in the case of members of management) and vest 100% at the end of one year (in the case of directors). During the years ended December 31, 2017 and December 31, 2016, we recognized compensation expense of $668,000 and $396,000 respectively. The total unrecognized compensation expense related to these unvested RSUs was $852,000 as of December 31, 2017.

Below is a table that shows the restricted stock units that have been issued and vested during the years ending December 31, 2017 along with the dollar value of these awards:


	Number of options			$ value of options
	Granted	Vesting	Unvested	Granted	Vesting	Unvested
2016	68,153	38,062	30,091	815,160	454,966	360,193
2017	70,538	949	69,589	1,124,348	14,880	1,109,467
Total	138,691	39,011	99,680	1,939,507	469,846	1,469,661

2017 Stock Repurchase Plan

On March 2, 2017, the Company's Board of Directors authorized management, at its discretion, to spend up to an aggregate of $25.0 million to acquire shares of the Company’s common stock. As of December 31, 2017, we have spent $6.5 million at an average share price of $15.92, leaving $18.5 million available to repurchase under this plan.

2014 Stock Repurchase Plan

On May 16, 2014, the Company's Board of Directors authorized management, at its discretion, to spend up to an aggregate of $10.0 million to acquire shares of the Company’s common stock. This approved stock repurchase plan supersedes and effectively cancels the program that was approved by the Board of Directors on May 14, 2004, which allowed management to purchase up to 350,000 shares of the Company’s common stock. As of December 31, 2016, we have fully spent the $10.0 million budget at an average price of $11.74.

Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2017

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

NOTE 15 – 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(1)		Unrealized Gain (Losses) on Available-for-Sale Investments		Accrued Pension Service Costs(2)		Total
Balance at January 1, 2017	$	14,784	$	10	$	(2,719)	$	12,075
Net current-period other comprehensive income		8,791		(2)		127		8,916
Balance at December 31, 2017	$	23,575	$	8	$	(2,592)	$	20,991

(1)

Net of income tax expense of $659,152.

(2)

Net of income tax expense of $79,572.

Fair Value Measurements

12 Months Ended

Dec. 31, 2017

Fair Value Measurements [Abstract]

Fair Value Measurements

NOTE 16 – FAIR VALUE MEASUREMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. If quoted prices in an active market are available, fair value is determined by reference to these prices. If quoted prices are not available, fair value is determined by valuation models that primarily use, as inputs, market-based or independently sourced parameters, including but not limited to interest rates, volatilities, and credit curves. Additionally, we may reference prices for similar instruments, quoted prices or recent transactions in less active markets. We use prices and inputs that are current as of the measurement date. Assets and liabilities that are carried at fair value (either recurring or non-recurring basis) are classified and disclosed in one of the following categories:

Level 1: Quoted (unadjusted) prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. This consist primarily of investments in marketable securities which are our 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: Quoted prices in active markets for similar assets and liabilities, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. This category includes our derivative financial instruments which 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 December 31, 2017 and 2016, we concluded that the credit valuation adjustments were not significant to the overall valuation of our derivatives.

Level 3: Unobservable inputs that are supported by little or no market activity may require significant judgment in order to determine the fair value of the assets and liabilities. This category includes:

Debt – includes 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.

ii.

Goodwill, Other Intangibles and Other Long-lived Assets - refer to the “Impairment of Long-Lived Assets” section in Note 2 – Summary of Significant Accounting Policies for a description of valuation methodology used for fair value measurements of goodwill, intangible assets and long-lived assets. Given this category represents several lines in our Consolidated Balance Sheet and since the recorded values agree to fair values, we did not include this in the subsequent tables presented.

Also, our Level 1 financial instruments include cash and cash equivalents, receivables, and accounts payable and accrued liabilities. The carrying values of these financial instruments approximate the fair values due to their short maturities. There have been no changes in the methodologies used at December 31, 2017 and 2016. Additionally, there were no transfers of assets and liabilities between Levels 1, 2, or 3 during the three years ended December 31, 2017.

Recurring Fair Value Measurements

As of December 31, 2017 and 2016, we do not have material financial assets and liabilities carried and measured at fair value on a recurring basis.

Nonrecurring Fair Value Measurements

The following tables provide information about financial assets and liabilities not carried at fair value on a nonrecurring basis in our consolidated balance sheets:


		Carrying		Fair Value Measurements at December 31, 2017
(Dollars in thousands)	Balance Sheet Location	Value(1)		Level 1		Level 2		Level 3		Total
Financial liabilities
Notes payable	Debt - current and long-term portion	$	106,588	$	--	$	--	$	106,894	$	106,894
Subordinated debt	Subordinated debt		27,913		--		--		16,088		16,088
Total		$	134,501	$	--	$	--	$	122,982	$	122,982


		Carrying		Fair Value Measurements at December 31, 2016
(Dollars in thousands)	Balance Sheet Location	Value(1)		Level 1		Level 2		Level 3		Total
Financial liabilities
Notes payable	Debt - current and long-term portion	$	120,622	$	--	$	--	$	121,204	$	121,204
Subordinated debt	Subordinated debt		27,913		--		--		15,247		15,247
Total		$	148,535	$	--	$	--	$	136,451	$	136,451

(1) These balances are presented gross of deferred financing costs.

Insurance Recoveries on Impairment and Related Losses Due to Earthquake [Abstract]

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

Leases

12 Months Ended

Dec. 31, 2017

Leases [Abstract]

Leases

NOTE 17 – LEASES

Our leasing business consists of various arrangements, where we act either (i) as the lessor (for our owned properties rented to third parties), or (ii) as the lessee (mostly our cinema locations on leased-facility model). Below are the rental commitments for these various lease arrangements:

As Lessor – Future Rental Commitments from our Tenants

Real estate revenue amounted to $16.3 million, $13.6 million, and $15.0 million, for the fiscal years ended December 31, 2017, 2016, and 2015, respectively. Also, there were no material contingent rentals recognized for the three years then ended December 31, 2017. As of December 31, 2017, the minimum future rentals on our real estate properties currently leased to third parties under non-cancellable operating lease arrangements for the next five years are summarized as follows:


(Dollars in thousands)	Future Minimum Rentals
2018	$	9,583
2019		8,692
2020		7,200
2021		6,599
2022		5,807
Thereafter		16,986
Total	$	54,867

As Lessee – Future Lease Commitments to our Landlords

The Company has entered into various leases for our cinema exhibition segment. We also lease office space and equipment under non-cancelable operating leases. As of December 31, 2017, the remaining terms of these leases, inclusive of renewal options, range from 1 to 35 years. All of our leases are accounted for as operating leases and we do not have any capital leases as of December 31, 2017.

We determine the annual base rent expense of our cinemas by amortizing total minimum lease obligations on a straight-line basis over the lease terms. Certain of our cinema leases provide for both base and in addition contingent rentals based upon a specified percentage of cinema revenue with a guaranteed minimum. Substantially all of our leases require the payment of property taxes, insurance, and other costs applicable to the property. The base rent and contingent rental expenses are summarized as follows:


(Dollars in thousands)	2017		2016		2015
Base rent expense	$	31,630	$	29,824	$	30,565
Contingent rental expense		2,505		1,484		1,848
Total cinema rent expense	$	34,135	$	31,308	$	32,413

Future minimum lease payments by year and, in the aggregate, under non-cancelable operating leases consisted of the following:


	Minimum Lease Payments at December 31, 2017
(Dollars in thousands)	Ground Lease		Premises Lease		Equipment Lease		Total
2018	$	3,629	$	27,980	$	--	$	31,609
2019		3,717		27,837		--		31,554
2020		2,792		23,883		--		26,675
2021		2,730		23,677		--		26,407
2022		2,771		5,069		--		7,840
Thereafter		20,823		185,910		--		206,733
Total	$	36,462	$	294,356	$	--	$	330,818

We expect the amount of minimum lease payments will fluctuate depending on the foreign currency exchange rates of the Australian dollar to the U.S. dollar and the New Zealand dollar to the U.S. dollar, mainly because a significant portion of our cinema exhibition business is conducted in Australia and New Zealand. See Note 18 – Related Parties for the amount of leases associated with any related party leases.

Debt Guarantee

As of December 31, 2017 we no longer have any guarantee in place relating to our unconsolidated joint ventures. The total estimated debt of unconsolidated joint ventures and entities, consisting solely of Rialto Distribution (see Note 6 – Investments in Unconsolidated Joint Ventures), was $1.0 million (NZ$1.5 million) as of December 31, 2016. Our share of the unconsolidated debt, based on our ownership percentage, was NZ$500,000 as of December 31, 2016. This debt was guaranteed by one of our subsidiaries to the extent of our ownership percentage up until the point that this was transferred to one of our business partners. Based on the financial position of Rialto Distribution and in consideration of this debt guarantee, we accrued $348,000 (NZ$500,000) as of December 31, 2016, recorded as part of Accounts payable and accrued liabilities.

Related Parties

12 Months Ended

Dec. 31, 2017

Related Parties [Abstract]

Related Parties

NOTE 18 – RELATED PARTIES

The following table identifies our related parties as of December 31, 2017, in accordance with ASC 850, Related Party Transactions:


Categories	Related Parties	Discussion Notes
 Principal Owners and immediate families	 Cotter Family’s Estate and Living Trust (controlling family)  Mark Cuban (above 10% voting ownership)	The Cotter Family is involved in certain litigation matters. Refer to Note 12 – Commitments and Contingencies for further details.
 Key Executive Officers and immediate families	 Ellen M. Cotter  Margaret Cotter  Devasis Ghose  Andrzej J. Matyczynski  Robert F. Smerling  Wayne D. Smith	Refer to Part I, Item 1 – Our Business – Key Executive Officers of the Registrant for their profile.
 Investments in Joint Ventures accounted for under equity method	 Rialto Cinemas  Mt. Gravatt	Refer to Note 6 – Investment in Joint Ventures
 Other Affiliates	 Entities under common control  All subsidiaries of RDI	Refer to Exhibit 21 of this 2017 Form 10-K filing for the complete list of subsidiaries. Refer below for further discussions on certain key transactions with related parties, including those with minority interests.

Sutton Hill Capital

In 2001, we entered into a transaction with Sutton Hill Capital, LLC (“SHC”) regarding the master leasing, with an option to purchase, of certain cinemas located in Manhattan including our Village East and Cinemas 1,2,3 theaters. In connection with that transaction, we also agreed (i) to lend certain amounts to SHC, to provide liquidity in its investment, pending our determination whether or not to exercise our option to purchase and (ii) to manage the 86th Street Cinema on a fee basis. SHC is a limited liability company owned in equal shares by the Cotter Estate or the Cotter Trust and a third party.

As previously reported, over the years, two of the cinemas subject to the master leasing agreement have been redeveloped and one (the Cinemas 1,2,3 discussed below) has been acquired. The Village East is the only cinema that remains subject to this master lease. We paid an annual rent of $590,000 for this cinema to SHC in each of 2017, 2016 and 2015. During this same period, we received management fees from the 86th Street Cinema of $141,000, $150,000 and $151,000 during the years ended December 31, 2017, 2016 and 2015, respectively.

In 2005, we acquired (i) from a third party the fee interest underlying the Cinemas 1,2,3 and (ii) from SHC its interest in the ground lease estate underlying and the improvements constituting the Cinemas 1,2,3. The ground lease estate and the improvements acquired from SHC were originally a part of the master lease transaction, discussed above. In connection with that transaction, we granted to SHC an option to acquire at cost a 25% interest in the special purpose entity (Sutton Hill Properties, LLC) formed to acquire these fee, leasehold and improvements interests. On June 28, 2007, SHC exercised this option, paying $3.0 million and assuming a proportionate share of SHP’s liabilities. At the time of the option exercise and the closing of the acquisition of the 25% interest, SHP had debt of $26.9 million, including a $2.9 million, non-interest bearing intercompany loan from the Company. Since the acquisition by SHC of its 25% interest, SHP has covered its operating costs and debt service through cash flow from the Cinema 1,2,3, (ii) borrowings from third parties, and (iii) pro-rata contributions from the members. We receive an annual management fee equal to 5% of SHP’s gross income for managing the cinema and the property, amounting to $177,000 during 2015. This management fee was modified in 2015, as discussed below, retroactive to December 1, 2014.

On June 29, 2010, we agreed to extend our existing lease from SHC of the Village East Cinema by 10 years, with a new termination date of June 30, 2020. This amendment was reviewed and approved by our Audit and Conflicts Committee. The Village East lease includes a sub-lease of the ground underlying the cinema that is subject to a longer-term ground lease between SHC and an unrelated third party that expires in June 2031 (the “cinema ground lease”). The extended lease provides for a call option pursuant to which Reading may purchase the cinema ground lease for $5.9 million at the end of the lease term. Additionally, the lease has a put option pursuant to which SHC may require Reading to purchase all or a portion of SHC’s interest in the existing cinema lease and the cinema ground lease at any time between July 1, 2013 and December 4, 2019. SHC’s put option may be exercised on one or more occasions in increments of not less than $100,000 each. We recorded the Village East Cinema building as a property asset of $4.7 million on our balance sheet based on the cost carry-over basis from an entity under common control with a corresponding capital lease liability of $5.9 million presented under other liabilities (see Note 11 – Pension and Other Liabilities).

In February 2015, we and SHP entered into an amendment to the management agreement dated as of June 27, 2007 between us and SHP. The amendment, which was retroactive to December 1, 2014, memorialized our undertaking to SHP with respect to $750,000 (the “Renovation Funding Amount”) of renovations to Cinemas 1,2,3 funded or to be funded by us. In consideration of our funding of the renovations, our annual management fee under the management agreement was increased commencing January 1, 2015 by an amount equivalent to 100% of any incremental positive cash flow of Cinemas 1,2,3 over the average annual positive cash flow of the Cinemas 1,2,3 over the three-year period ended December 31, 2014 (not to exceed a cumulative aggregate amount equal to the Renovation Funding Amount), plus a 15% annual cash-on-cash return on the balance outstanding from time to time of the Renovation Funding Amount, payable at the time of the payment of the annual management fee (the “Improvements Fee”). Under the amended management agreement, we are entitled to retain ownership of (and any right to depreciate) any furniture, fixtures and equipment purchased by us in connection with such renovation and have the right (but not the obligation) to remove all such furniture, fixtures and equipment (at our own cost and expense) from the Cinemas upon the termination of the management agreement. The amendment also provides that, during the term of the management agreement, SHP will be responsible for the cost of repair and maintenance of the renovations. In 2017, 2016 and 2015, we received no Improvements Fee. This amendment was approved by SHC and by the Audit and Conflicts Committee of our Board of Directors.

On August 31, 2016, we refinanced the debt of Cinemas 1, 2, 3, pursuant to a $20.0 million loan from Valley National Bank. Refer to Note 10 – Borrowings for further details on this loan transaction. The proceeds from the loan were used to retire an existing $15.0 million first mortgage loan and the above referenced $2.9 million intercompany loan, with the remainder to be used for working capital and to cover cash flow shortfalls. Since the cash flow from the Cinemas 1, 2, 3 is not sufficient to service this loan, it is anticipated that the members of SHP (our Company and SHC) will ultimately need to make periodic contributions to the capital of SHP in order to avoid dilution of their respective interests in SHP. In 2016, our Company and SHC funded capital calls of $506,000 and $169,000, respectively. No contributions were called on in 2017.

The Valley National Loan has been guaranteed by our Company and an environmental indemnity has been provided by our Company. SHC has agreed to indemnify our Company to the extent of 25% of any loss incurred by our Company with respect to any such guarantee and/or indemnity (a percentage reflecting SHC’s membership interest in SHP). The refinancing transaction, including the guarantee and indemnity, were review and approved by the Audit and Conflicts Committee of our Board of Directors.

OBI Management Agreement

Pursuant to a Theater Management Agreement (the “Management Agreement”), our live theater operations were, until March 2016, managed by Off-Broadway Investments, LLC (“OBI Management”), which is wholly owned by Ms. Margaret Cotter who is the daughter of the late Mr. James J. Cotter, Sr., the sister of Ellen Cotter and James Cotter, Jr., and a member of our Board of Directors. That Management Agreement was terminated effective March 10, 2016 in connection with the retention by our Company of Margaret Cotter as a full time employee.

The Theater Management Agreement generally provided for the payment of a combination of fixed and incentive fees for the management of our four live theaters that were operating during this time. Historically, these fees have equated to approximately 21% of the net cash flow generated by these properties. The fees to be paid to OBI for 2016 and 2015 were 79,000 and 589,000, respectively. We also reimbursed OBI for certain travel expenses, shared the cost of an administrative assistant and provided office space at our New York offices. The increase in the payment to OBI for 2015 was attributable to work done by Margaret Cotter, working through OBI, with respect to the development of our Union Square and Cinemas 1,2,3 properties.

OBI Management historically conducted its operations from our office facilities on a rent-free basis, and we shared the cost of one administrative employee of OBI Management. We reimbursed travel related expenses for OBI Management personnel with respect to travel between New York City and Chicago in connection with the management of the Royal George complex. Other than these expenses, OBI Management was responsible for all of its costs and expenses related to the performance of its management functions. The Management Agreement renewed automatically each year unless either party gives at least six months’ prior notice of its determination to allow the Management Agreement to expire. In addition, we could terminate the Management Agreement at any time for cause.

Effective March 10, 2016, Margaret Cotter became a full time employee of the Company and the Management Agreement was terminated. As Executive Vice-President Real Estate Management and Development - NYC, Ms. Cotter continues to be responsible for the management of our live theater assets, continues her role heading up the pre-redevelopment of our New York properties and is our senior executive responsible for the redevelopment of our New York properties. Pursuant to the termination agreement, Ms. Cotter gave up any right she might otherwise have, through OBI, to income from STOMP.

Ms. Cotter's compensation as Executive Vice-President was recommended by the Compensation Committee as part of an extensive review of our Company’s overall executive compensation and approved by the Board.

Live Theater Play Investment

From time to time, our officers and Directors may invest in plays that lease our live theaters. The play STOMP has been playing in our Orpheum Theatre since prior to the time we acquired the theatre in 2001. The Cotter Estate or the Cotter Trust and a third party own an approximately 5% interest in that play, an interest that they have held since prior to our acquisition of the theater. Refer to Note 12 – Commitments and Contingencies for more information about the show STOMP.

Shadow View Land and Farming LLC

During 2012, Mr. James J. Cotter, Sr., our then Chairman, Chief Executive Officer and controlling stockholder, contributed $2.5 million cash and $255,000 of his 2011 bonus as his 50% share of the purchase price of a land parcel in Coachella, California and to cover his 50% share of certain costs associated with that acquisition. This land is held in Shadow View Land and Farming, LLC, in which the Cotter Estate or the Cotter Trust owns a 50% interest. We are the managing member of Shadow View Land and Farming, LLC (See Note 13 – Non-Controlling Interests). The property is held debt free, and operating and holding costs are covered by member contributions. The Audit and Conflicts Committee of the Board of Directors is charged with responsibility for oversight of our management of Shadow View.

Insurance Recoveries on Impairment and Related Losses Due to Earthquake

12 Months Ended

Dec. 31, 2017

Insurance Recoveries on Impairment and Related Losses Due to Earthquake

NOTE 19 – INSURANCE RECOVERIES ON IMPAIRMENT AND RELATED LOSSES DUE TO EARTHQUAKE

On November 14, 2016, we filed an initial insurance claim with our Insurer with respect to earthquake damage to our parking building adjacent to our Courtenay Central entertainment-themed center (“ETC”) in Wellington, New Zealand and to the ETC itself. Also, we filed a separate business interruption claim to recover lost profits as a result of the earthquake. As of December 31, 2016, we recorded a recoverable asset to the extent of our incurred losses that we deemed probable of recoverability under our insurance claim, consisting of the (i) written down carrying value of the damaged parking building and (ii) a significant portion of the derivative loss contingencies on demolition activities. We received an initial settlement from our Insurer in December 2016 amounting to $5.0 million (NZ$7.1 million). In April 2017, our insurance company concluded that our losses exceeded the earthquake coverage policy limit of $25.0 million (NZ$36.0 million) and thus paid a final settlement of US$20.0 million (NZ$28.9 million) in May 2017, taking us to the policy limit.

Over the course of assessing the total magnitude of earthquake damage up to the point of final insurance settlement, we determined our incurred losses and lost profits as follows:


Covered Risks	Basis for Allocation (Dollars in thousands)		Commentary	% Allocation	Allocation of Insurance Proceeds (Dollars in thousands)
Property damage	NZ$	44,808	Estimated replacement cost for Courtenay Central parking building, as determined by an independent construction cost consultant.	81%	NZ$	29,093
Demolition costs		7,276	Actual costs incurred and best estimates of remaining costs to complete the demolition activities of Courtenay Central parking building	13%		4,724
Business interruption		3,415	Estimated lost profits during the closure period relating to our various revenue-generating components within Courtenay Central ETC (including our cinema and property operations)	6%		2,217
Total	NZ$	55,499		100%	NZ$	36,034

As a result of the final settlement, we recorded total insurance gain of $10.7 million (NZ$14.8 million) during the quarter ended June 30, 2017, determined as follows:


		Recoverable Components
		Non-Operating Income						Operating Income
(mainly in New Zealand Dollars in thousands, unless otherwise stated)	f	Property Damage(1)		Demolition Costs(1)		Total		Business Interruption(2)		Grand Total
Insurance Proceed Allocation	A	$	29,093	$	4,724	$	33,817	$	2,217	$	36,034
Movements in Recoverable Components
Total expected incurred losses, November 30, 2016	B		14,246		8,500		22,746		--		22,746
Less: Casualty Losses recorded in 2016 Earnings(3) - in NZ$	C		(795)		(1,224)		(2,019)		--		(2,019)
- in US$	D	US$	(560)	US$	(861)	US$	(1,421)	US$	--	US$	(1,421)
Recoverable Assets, December 31, 2016(4)	E=B-C	$	13,451	$	7,276	$	20,727	$	--	$	20,727
Add: Upward changes in estimates and others	F		347		--		347		111		458
Net recoverable balances charged against proceeds	G=E+F		13,798		7,276		21,074		111		21,185
Casualty gain, recorded in 2017 Earnings- in NZ$	H=A-G	$	15,295	$	(2,552)	$	12,743	$	2,106	$	14,849
Casualty gain, recorded in 2017 Earnings - in US$	I	US$	11,063	US$	(1,846)	US$	9,217	US$	1,523	US$	10,740
Net Casualty gain for 2016 and 2017 Earnings - in US$	∑(D+I)	US$	10,503	US$	(2,707)	US$	7,796	US$	1,523	US$	9,319

(1) The net impact to 2017 earnings of $9.2 million (NZ$12.7 million) is recorded as “Casualty gain” in our Consolidated Statement of Operations.

(2) The impact to 2017 operating earnings of $1.5 million (NZ$2.1 million) is recorded as part of the applicable segment revenues in our Consolidated Statement of Operations.

(3) The casualty losses recorded in 2016 as a separate line in our Consolidated Statement of Operations is made up the following: (i) 5% deductible of $795,000 (NZ$560,000) calculated based on the estimated value of the insured damaged parking structure for insurance purposes, and (ii) $862,000 (NZ$1.2 million) of total estimated demolition costs was preliminarily assessed as expenses not reimbursable under our insurance policy and hence, we recorded in profit and loss.

(4) The recoverable asset of $9.5 million (NZ$13.6 million), net of advance payment of $5.0 million (NZ$7.1 million), as of December 31, 2016 was presented as part of “Other non-current assets” as the timing of the insurance claim receipt was not fixed nor reliably determinable as of the time of our initial assessment.

Unaudited Quarterly Financial Information

12 Months Ended

Dec. 31, 2017

Unaudited Quarterly Financial Information [Abstract]

Unaudited Quarterly Financial Information

NOTE 20 – UNAUDITED QUARTERLY FINANCIAL INFORMATION


(Dollars in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter(1)
2017
Revenue	$	69,454	$	72,413	$	66,087	$	71,780
Net income		3,041		19,052		1,458		7,459
Net income attributable to RDI shareholders		3,029		19,032		1,556		7,382
Basic earnings per share		0.13		0.82		0.07		0.33
Diluted earnings per share		0.13		0.81		0.07		0.32
2016
Revenue	$	64,789	$	66,918	$	71,315	$	67,451
Net income		2,224		2,922		3,917		354
Net income attributable to RDI shareholders		2,226		2,970		3,855		352
Basic earnings per share		0.09		0.13		0.17		0.01
Diluted earnings per share		0.09		0.13		0.16		0.02

(1) Net income for the 4th quarter of 2017 includes approximately $2.5 million net tax benefit from non-recurring items of tax benefit and expense related to the Tax Cuts and Jobs Act enacted December 2017 and dissolution of a non-operating foreign subsidiary.

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	NOTE 21 – SUBSEQUENT EVENTS On March 5, 2018, we received the remaining proceeds on our Stomp arbitration matter (as discussed in Note 12 - Commitments and Contingencies), including interest, totaling $720,000 which has been recorded in our 2017 results of operation.

Schedule II - Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2017

Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation And Qualifying Accounts

Schedule II – Valuation and Qualifying Accounts



	Balance at January 1		Additions		Deductions		Balance at December 31
Allowance for doubtful accounts
2017	$	828	$	320	$	60	$	1,088
2016	$	426	$	1,010	$	608	$	828
2015	$	586	$	786	$	946	$	426
Tax valuation allowance
2017	$	10,593	$	--	$	3,723	$	6,870
2016	$	11,530	$	--	$	937	$	10,593
2015	$	15,936	$	--	$	4,406	$	11,530

Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Dec. 31, 2017

Summary Of Significant Accounting Policies [Abstract]

Basis Of Consolidation

Basis of Consolidation

Australia Country Cinemas Pty, Limited, a company in which we own a 75% interest and whose only assets are our leasehold cinemas in Townsville and Dubbo, Australia;

Sutton Hill Properties, LLC (“SHP”), a company based in New York in which we own a 75% interest and whose only asset is the fee interest in the Cinemas 1,2,3; and,

Shadow View Land and Farming, LLC in which we own a 50% controlling membership interest and whose only asset is a 202-acre land parcel in Coachella, California.

33.3% undivided interest in the unincorporated joint venture that owns the Mt. Gravatt cinema in a suburb of Brisbane, Australia;

50% undivided interest in the unincorporated joint venture that owns Rialto Cinemas.

We consider that we have control over our partially-owned subsidiaries and joint venture interests (collectively “investee”) when these conditions exist:

(i)

we own a majority of the voting rights or interests of the investee (typically above 50%), or

(ii)

The Company considers all relevant facts and circumstances in assessing whether or not our voting rights in the investee are sufficient to give it power, including:

(i)

the size of our voting rights and interests relative to the size and dispersion of holdings of other vote holders;

(ii)

potential voting rights and interests held by us;

(iii)

rights and interests arising from other contractual arrangements; and,

(iv)

any additional other relevant facts.

All significant intercompany balances and transactions have been eliminated in the consolidation.

Use Of Estimates

Use of Estimates

(i)

projections we make regarding the recoverability and impairment of our assets (including goodwill and intangibles);

(ii)

allocation of insurance proceeds to various recoverable components;

(iii)

recoverability of our deferred tax assets as well as liabilities for transition tax under the Tax Reform Act in 2017; and,

(iv)

estimation of gift card and gift certificate breakage where we have concluded that the likelihood of redemption is remote.

Reclassifications

(i)

reclassification of Investment in Reading International Trust I to “Other assets” line in our consolidated balance sheets;

(ii)

net-off of interest income against interest expense in our consolidated statements of income; and,

(iii)

combination of certain components in our consolidated statements of comprehensive income into one line, “Others”.

Revenue Recognition

(i)

Cinema Exhibition Segment (all net of related taxes):

Sales of Bulk and Advanced Cinema Ticket Sales – deferred and recognized as revenue when the promised performance or movie that the ticket has been purchased for is shown;

Gift Cards and Gift Certificate Sales – deferred and recognized as revenue when redeemed, except for the breakage portion, as described below;

Advertising Revenues – recognized based on contractual arrangements or relevant admissions information, as appropriate.

(ii)

Real Estate Segment:

Cash And Cash Equivalents

Cash and Cash Equivalents

We consider all highly liquid investments with original maturities of three months or less at the time of purchase as cash equivalents for which cost approximates fair value.

Receivables

Inventory

Inventory is composed of food and beverage items in our theater operations and is stated at the lower of cost (first-in, first-out method) or net realizable value.

Restricted Cash

Derivative Financial Instruments

Operating Properties, Net

Operating Properties, net

Depreciation and amortization are provided using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are generally as follows:


Building and improvements	15 – 60 years
Leasehold improvements	Shorter of the lease term or useful life of the improvement
Theater equipment	7 years
Furniture and fixtures	5 – 10 years

Investment And Development Properties, Net

Investment and Development Properties, net

Impairment Of Long-Lived Assets

Impairment of Long-Lived Assets

We review internal management reports on a monthly basis as well as monitor current and potential future competition in film markets for indications of potential impairment.

(i)

(ii)

No impairment losses were recorded for goodwill and indefinite-lived intangible assets for the three years ended December 31, 2017.

Variable Interest Entity

Property Held For Sale

Property Held for Sale

Deferred Leasing/Financing Costs

Film Rental Costs

Film rental costs are accrued based on the applicable box office receipts and estimates of the final settlement to the film licensees.

Advertising Expense

We expense our advertising as incurred. The amount of our advertising expense was $2.3 million, $2.3 million, and $2.3 million 2017, 2016, and 2015, respectively.

Operating Leases

Shared-Based Compensation

Share-based Compensation

Treasury Shares

Insurance Recoveries And Other Contingency Matters

Insurance Recoveries and Other Contingency Matters

(i)

Loss contingencies – we record any loss contingencies if there is a “probable” likelihood that the liability had been incurred, and the amount of the loss can be reasonably estimated.

(ii)

Gain contingencies:

Others – other gain contingencies typically result from legal settlements and we record those settlements in income when cash or other forms of payments are received.

Translation Policy


	As of and for the year ended December 31, 2017	As of and for the year ended December 31, 2016	As of and for the year ended December 31, 2015
Spot Rate
Australian Dollar	0.7815	0.7230	0.7286
New Zealand Dollar	0.7100	0.6958	0.6842
Average Rate
Australian Dollar	0.7670	0.7440	0.7524
New Zealand Dollar	0.7111	0.6973	0.7004

Income Taxes

Earnings Per Share

Business Acquisition Valuation And Purchase Price Allocation

Business Acquisition Valuation and Purchase Price Allocation

(i)

(ii)

Intangible assets and liabilities – the valuation of the intangible assets and liabilities in a typical real estate acquisition is described below:

Accounting Changes

Change in Accounting Principle during the fourth quarter of fiscal year 2016

The impact of this change in accounting principle to our current and prior years’ financial statements is presented in the following tables (in condensed format):

Consolidated Statements of Operations


		2017					2016						2015
(Dollars in thousands)		With breakage revenue		Without breakage revenue		Effect of change	With breakage revenue		Without breakage revenue		Effect of change		As restated		As previously reported		Effect of change
Revenues	$	279,734	$	279,126	$	608	$	270,473	$	269,855	$	618	$	257,865	$	257,323	$	542
Costs and expenses		(259,173)		(259,173)		--		(250,162)		(250,162)		--		(234,169)		(234,169)		--
Operating income		20,561		19,953		608		20,311		19,693		618		23,696		23,154		542
Interest expense (net), casualty loss and others		12,971		12,971		--		(7,873)		(7,873)		--		3,279		3,279		--
Income before income taxes and equity earnings of unconsolidated joint ventures		33,532		32,924		608		12,438		11,820		618		26,975		26,433		542
Equity earnings of unconsolidated joint ventures		815		815		--		999		999		--		1,204		1,204		--
Income before income taxes		34,347		33,739		608		13,437		12,819		618		28,179		27,637		542
Income tax expense		(3,337)		(3,098)		(239)		(4,020)		(3,787)		(233)		(5,148)		(4,943)		(205)
Net income	$	31,010	$	30,641	$	369	$	9,417	$	9,032	$	385	$	23,031	$	22,694	$	337
Basic EPS	$	1.35	$	1.33	$	0.02	$	0.40	$	0.39	$	0.01	$	0.99	$	0.98	$	0.01
Diluted EPS	$	1.33	$	1.32	$	0.02	$	0.40	$	0.38	$	0.02	$	0.98	$	0.97	$	0.01

Consolidated Balance Sheets


		2017					2016
(Dollars in thousands)		With breakage revenue		Without breakage revenue		Effect of change	With breakage revenue		Without breakage revenue		Effect of change
Assets
Current assets	$	33,475	$	33,475	$	-	$	72,641	$	72,641	$	--
Non-current assets
Deferred tax asset, net		24,908		25,147		(239)		28,667		28,900		(233)
Other non-current assets		364,643		364,643		-		304,458		304,458		--
Total Assets		423,026		423,265		(239)		405,766		405,999		(233)
Liabilities and Stockholders' Equity
Current liabilities
Deferred current revenue		9,850		10,458		(608)		10,758		11,376		(618)
Other current liabilities		70,596		70,596		-		55,228		55,228		--
Non-current liabilities		161,339		161,339		-		193,165		193,165		--
Total Liabilities		241,785		242,393		(608)		259,151		259,769		(618)
Stockholders' Equity
Retained earnings (accumulated deficit)		32,679		32,310		369		1,680		1,295		385
Other equity components		148,562		148,562		-		144,935		144,935		--
Total Stockholders' Equity		181,241		180,872		369		146,615		146,230		385
Total Liabilities and Stockholders' Equity	$	423,026	$	423,265	$	(239)	$	405,766	$	405,999	$	(233)

Consolidated Statements of Cash Flows


		2017					2016						2015
(Dollars in thousands)		With breakage revenue		Without breakage revenue		Effect of change	With breakage revenue		Without breakage revenue		Effect of change		As restated		As previously reported		Effect of change
Operating Activities
Net income	$	31,010	$	30,641	$	369	$	9,417	$	9,032	$	385	$	23,031	$	22,694	$	337
Adjustments to reconcile net income to net cash provided by operating activities
Change in net deferred tax assets		4,073		3,834		239		(5,060)		(5,293)		233		(4,067)		(4,272)		205
Other reconciling adjustments		191		191				19,128		19,128				5,786		5,786
Net changes in operating assets and liabilities
Deferred revenue and other liabilities		(7,011)		(6,403)		(608)		3,626		4,244		(618)		(745)		(203)		(542)
Other operating assets and liabilities		(4,412)		(4,412)		-		3,077		3,077		-		4,569		4,569		-
Net cash provided by operating activities		23,851		23,851		-		30,188		30,188		-		28,574		28,574		-
Investing Activities
Net cash used in investing activities		(6,786)		(6,786)		-		(42,861)		(42,861)		-		(29,710)		(29,710)		-
Financing Activities
Net cash provided by/(used in) financing activities		(22,055)		(22,055)		-		11,246		11,246		-		(27,961)		(27,961)		-
Effect of exchange rate on cash		(359)		(359)		-		742		742		-		(1,449)		(1,449)		-
Net increase (decrease) in cash and cash equivalents		(5,349)		(5,349)		-		(685)		(685)		-		(30,546)		(30,546)		-
Cash and cash equivalents at the beginning of the year		19,017		19,017		-		19,702		19,702		-		50,248		50,248		-
Cash and cash equivalents at the end of the year	$	13,668	$	13,668	$	-	$	19,017	$	19,017	$	-	$	19,702	$	19,702	$	-

Out-of-Period Adjustment during the fourth quarter of fiscal year 2017:

Out-of-Period Adjustment during the fourth quarter of fiscal year 2016

Out-of-Period Adjustment during the fourth quarter of fiscal year 2015

additional paid in capital by $793,000, increased other comprehensive income by $1,859,000 and decreased other non-current

Description Of Business And Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2017

Description Of Business And Segment Reporting [Abstract]

Summary Of Results Of Operations For Principal Business Segments


	2017						2016						2015
(Dollars in thousands)	Cinema		Real Estate		Total		Cinema		Real Estate		Total		Cinema		Real Estate		Total
Revenue - Third party	$	263,464	$	16,270	$	279,734	$	256,922	$	13,551	$	270,473	$	242,823	$	15,042	$	257,865
Inter-segment Revenue (1)		--		7,573		7,573		--		7,366		7,366		--		6,537		6,537
Total Segment Revenue		263,464		23,843		287,307		256,922		20,917		277,839		242,823		21,579		264,402
Operating expense
Cost of services and products - Third party		(207,447)		(9,436)		(216,883)		(198,523)		(9,044)		(207,567)		(190,007)		(10,948)		(200,955)
Inter-segment Cost of services (1)		(7,573)		--		(7,573)		(7,366)		--		(7,366)		(6,537)		--		(6,537)
Total of services and products (excluding depreciation and amortization)		(215,020)		(9,436)		(224,456)		(205,889)		(9,044)		(214,933)		(196,544)		(10,948)		(207,492)
Depreciation and amortization		(12,213)		(4,256)		(16,469)		(11,772)		(3,522)		(15,294)		(11,161)		(3,107)		(14,268)
General and administrative expense		(3,261)		(2,140)		(5,401)		(3,763)		(1,422)		(5,185)		(3,000)		(728)		(3,728)
Total operating expense		(230,494)		(15,832)		(246,326)		(221,424)		(13,988)		(235,412)		(210,705)		(14,783)		(225,488)
Segment operating income	$	32,970	$	8,011	$	40,981	$	35,498	$	6,929	$	42,427	$	32,118	$	6,796	$	38,914

(1) Inter-segment Revenues and Cost of services relates to the internal charge between the two segments where the cinema operates within real estate owned within the group.

Reconciliation To Net Income Attributable To Common Shareholders


(Dollars in thousands)	2017		2016		2015
Segment operating income	$	40,981	$	42,427	$	38,914
Unallocated corporate expense:
Depreciation and amortization expense		(473)		(395)		(294)
General and administrative expense		(19,947)		(21,721)		(14,924)
Interest expense, net		(6,194)		(6,782)		(7,304)
Equity earnings of unconsolidated joint ventures		815		999		1,204
Gain on sale of assets		9,360		393		11,023
Casualty gain (loss)		9,217		(1,421)		--
Other income (expense)		588		(63)		(440)
Income before income taxes	$	34,347	$	13,437	$	28,179

Summary Of Assets


(Dollars in thousands)	December 31, 2017		December 31, 2016
By segment:
Cinema	$	135,184	$	133,057
Real estate		249,245		240,362
Corporate (1)		38,597		32,347
Total assets	$	423,026	$	405,766
By country:
United States	$	188,639	$	161,922
Australia		169,035		170,556
New Zealand		65,352		73,288
Total assets	$	423,026	$	405,766

(1) Corporate Assets includes cash and cash equivalents of $13.7 million and $19.0 million as of December 31, 2017 and 2016, respectively.

Schedule Of Operating Property By Country


(Dollars in thousands)	December 31, 2017		December 31, 2016
United States	$	89,183	$	75,845
Australia		143,200		103,430
New Zealand		32,341		32,611
Total operating property	$	264,724	$	211,886

Summary Of Capital Expenditures


(Dollars in thousands)	2017		2016		2015
Segment capital expenditures	$	76,300	$	49,023	$	52,989
Corporate capital expenditures		408		143		130
Total capital expenditures	$	76,708	$	49,166	$	53,119

Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Summary Of Significant Accounting Policies [Abstract]

Schedule Of Estimated Useful Lives Of Assets


Building and improvements	15 – 60 years
Leasehold improvements	Shorter of the lease term or useful life of the improvement
Theater equipment	7 years
Furniture and fixtures	5 – 10 years

Summary Of Currency Exchange Rates


	As of and for the year ended December 31, 2017	As of and for the year ended December 31, 2016	As of and for the year ended December 31, 2015
Spot Rate
Australian Dollar	0.7815	0.7230	0.7286
New Zealand Dollar	0.7100	0.6958	0.6842
Average Rate
Australian Dollar	0.7670	0.7440	0.7524
New Zealand Dollar	0.7111	0.6973	0.7004

Accounting Changes To Financial Statements

The impact of this change in accounting principle to our current and prior years’ financial statements is presented in the following tables (in condensed format):

Consolidated Statements of Operations


		2017					2016						2015
(Dollars in thousands)		With breakage revenue		Without breakage revenue		Effect of change	With breakage revenue		Without breakage revenue		Effect of change		As restated		As previously reported		Effect of change
Revenues	$	279,734	$	279,126	$	608	$	270,473	$	269,855	$	618	$	257,865	$	257,323	$	542
Costs and expenses		(259,173)		(259,173)		--		(250,162)		(250,162)		--		(234,169)		(234,169)		--
Operating income		20,561		19,953		608		20,311		19,693		618		23,696		23,154		542
Interest expense (net), casualty loss and others		12,971		12,971		--		(7,873)		(7,873)		--		3,279		3,279		--
Income before income taxes and equity earnings of unconsolidated joint ventures		33,532		32,924		608		12,438		11,820		618		26,975		26,433		542
Equity earnings of unconsolidated joint ventures		815		815		--		999		999		--		1,204		1,204		--
Income before income taxes		34,347		33,739		608		13,437		12,819		618		28,179		27,637		542
Income tax expense		(3,337)		(3,098)		(239)		(4,020)		(3,787)		(233)		(5,148)		(4,943)		(205)
Net income	$	31,010	$	30,641	$	369	$	9,417	$	9,032	$	385	$	23,031	$	22,694	$	337
Basic EPS	$	1.35	$	1.33	$	0.02	$	0.40	$	0.39	$	0.01	$	0.99	$	0.98	$	0.01
Diluted EPS	$	1.33	$	1.32	$	0.02	$	0.40	$	0.38	$	0.02	$	0.98	$	0.97	$	0.01

Consolidated Balance Sheets


		2017					2016
(Dollars in thousands)		With breakage revenue		Without breakage revenue		Effect of change	With breakage revenue		Without breakage revenue		Effect of change
Assets
Current assets	$	33,475	$	33,475	$	-	$	72,641	$	72,641	$	--
Non-current assets
Deferred tax asset, net		24,908		25,147		(239)		28,667		28,900		(233)
Other non-current assets		364,643		364,643		-		304,458		304,458		--
Total Assets		423,026		423,265		(239)		405,766		405,999		(233)
Liabilities and Stockholders' Equity
Current liabilities
Deferred current revenue		9,850		10,458		(608)		10,758		11,376		(618)
Other current liabilities		70,596		70,596		-		55,228		55,228		--
Non-current liabilities		161,339		161,339		-		193,165		193,165		--
Total Liabilities		241,785		242,393		(608)		259,151		259,769		(618)
Stockholders' Equity
Retained earnings (accumulated deficit)		32,679		32,310		369		1,680		1,295		385
Other equity components		148,562		148,562		-		144,935		144,935		--
Total Stockholders' Equity		181,241		180,872		369		146,615		146,230		385
Total Liabilities and Stockholders' Equity	$	423,026	$	423,265	$	(239)	$	405,766	$	405,999	$	(233)

Consolidated Statements of Cash Flows


		2017					2016						2015
(Dollars in thousands)		With breakage revenue		Without breakage revenue		Effect of change	With breakage revenue		Without breakage revenue		Effect of change		As restated		As previously reported		Effect of change
Operating Activities
Net income	$	31,010	$	30,641	$	369	$	9,417	$	9,032	$	385	$	23,031	$	22,694	$	337
Adjustments to reconcile net income to net cash provided by operating activities
Change in net deferred tax assets		4,073		3,834		239		(5,060)		(5,293)		233		(4,067)		(4,272)		205
Other reconciling adjustments		191		191				19,128		19,128				5,786		5,786
Net changes in operating assets and liabilities
Deferred revenue and other liabilities		(7,011)		(6,403)		(608)		3,626		4,244		(618)		(745)		(203)		(542)
Other operating assets and liabilities		(4,412)		(4,412)		-		3,077		3,077		-		4,569		4,569		-
Net cash provided by operating activities		23,851		23,851		-		30,188		30,188		-		28,574		28,574		-
Investing Activities
Net cash used in investing activities		(6,786)		(6,786)		-		(42,861)		(42,861)		-		(29,710)		(29,710)		-
Financing Activities
Net cash provided by/(used in) financing activities		(22,055)		(22,055)		-		11,246		11,246		-		(27,961)		(27,961)		-
Effect of exchange rate on cash		(359)		(359)		-		742		742		-		(1,449)		(1,449)		-
Net increase (decrease) in cash and cash equivalents		(5,349)		(5,349)		-		(685)		(685)		-		(30,546)		(30,546)		-
Cash and cash equivalents at the beginning of the year		19,017		19,017		-		19,702		19,702		-		50,248		50,248		-
Cash and cash equivalents at the end of the year	$	13,668	$	13,668	$	-	$	19,017	$	19,017	$	-	$	19,702	$	19,702	$	-

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share


(Dollars in thousands, except share and per share data)	2017		2016		2015
Numerator:
Net income attributable to RDI common stockholders	$	30,999	$	9,403	$	23,110
Denominator:
Weighted average shares of common stock – basic		23,041,190		23,320,048		23,293,696
Weighted average dilutive impact of stock-based awards		206,779		201,109		201,922
Weighted average shares of common stock – diluted		23,247,969		23,521,157		23,495,618
Basic EPS attributable to RDI common stockholders	$	1.35	$	0.40	$	0.99
Diluted EPS attributable to RDI common stockholders	$	1.33	$	0.40	$	0.98
Awards excluded from diluted EPS		149,841		92,500		--

Real Estate Transactions (Tables)

12 Months Ended

Dec. 31, 2017

Schedule Of Purchase Price Allocation


					Measurement
	Preliminary Purchase Price				Period		Final Purchase Price
	Allocation				Adjustments(2)		Allocation
(Dollars in thousands)	US Dollars(1)		AU dollars		AU dollars		US Dollars(1)		AU dollars
Tangible Assets
Operating property:
Land	$	7,525	$	10,421	$	721	$	8,046	$	11,142
Building and improvements		16,588		22,971		(6,453)		11,928		16,518
Site improvements		--		--		2,321		1,676		2,321
Tenant improvements		--		--		957		691		957
Intangible Assets
Above-market leases		--		--		61		44		61
In-place leases		--		--		2,135		1,542		2,135
Unamortized leasing commissions		--		--		333		240		333
Unamortized legal fees		--		--		55		40		55
Total assets acquired		24,113		33,392		130		24,207		33,522
Liabilities
Below-market leases		--		--		(130)		(94)		(130)
Net assets acquired	$	24,113	$	33,392	$	--	$	24,113	$	33,392

(1) The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, December 23, 2015.

Burwood [Member]

Schedule Of The Sale Of The Land And The Total Transaction Gain


(Dollars in thousands)	In AU$
Selling price	$	64,925
Less: Property book value		(52,108)
Total transaction gain, gross		12,817
Less: Direct costs incurred(1)		(439)
Total transaction gain, net	$	12,378

(1) Represents commissions and legal expenses incurred in connection with this transaction.

Property And Equipment (Tables)

12 Months Ended

Dec. 31, 2017

Property And Equipment [Abstract]

Schedule Of Property And Equipment


(Dollars in thousands)	December 31, 2017		December 31, 2016
Land	$	76,457	$	73,803
Building and improvements		153,232		122,863
Leasehold improvements		48,481		46,902
Fixtures and equipment		145,033		118,180
Construction-in-progress		26,000		11,517
Total cost		449,203		373,265
Less: accumulated depreciation		(184,479)		(161,379)
Operating Properties, net	$	264,724	$	211,886

Schedule Of The Gross And Carrying Amounts Of The Properties Leased Of Held-For-Leasing


(Dollars in thousands)	December 31, 2017		December 31, 2016
Building and improvements
Gross balance	$	71,749	$	33,879
Accumulated depreciation		17,585		9,982
Net Book Value	$	54,164	$	23,897

Summary Of Investment And Development Property


(Dollars in thousands)	December 31, 2017		December 31, 2016
Land	$	25,025	$	24,616
Building		1,900		1,900
Construction-in-progress (including capitalized interest)		34,329		17,171
Investment and development property, net	$	61,254	$	43,687

Investments In Unconsolidated Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2017

Investments In Unconsolidated Joint Ventures [Abstract]

Summary Of The Investments In Unconsolidated Joint Ventures And Entities


(Dollars in thousands)	Interest	December 31, 2017		December 31, 2016
Mt. Gravatt	33.3%	$	4,118	$	3,874
Rialto Cinemas	50.0%		1,186		1,197
Total Joint Ventures		$	5,304	$	5,071

Summary Of Equity Earnings (Loss) From Investments In Unconsolidated Joint Ventures And Entities


(Dollars in thousands)	2017		2016		2015
Mt. Gravatt	$	726	$	805	$	1,046
Rialto Cinemas		89		194		136
Rialto Distribution		--		--		22
Total equity earnings	$	815	$	999	$	1,204

Goodwill And Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill And Intangible Assets [Abstract]

Summary Of Goodwill


(Dollars in thousands)	Cinema		Real Estate		Total
Balance at January 1, 2016	$	14,491	$	5,224	$	19,715
Foreign currency translation adjustment		113		--		113
Balance at December 31, 2016	$	14,604	$	5,224	$	19,828
Foreign currency translation adjustment		448		--		448
Balance at December 31, 2017	$	15,052	$	5,224	$	20,276

Summary Of Intangible Assets Other Than Goodwill


	December 31, 2017
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	28,860	$	7,254	$	1,139	$	37,253
Less: Accumulated amortization		(23,292)		(4,936)		(483)		(28,711)
Net intangible assets other than goodwill	$	5,568	$	2,318	$	656	$	8,542


	December 31, 2016
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	28,671	$	7,254	$	1,084	$	37,009
Less: Accumulated amortization		(21,870)		(4,634)		(468)		(26,972)
Net intangible assets other than goodwill	$	6,801	$	2,620	$	616	$	10,037

Schedule Of Estimated Amortization Expense


(Dollars in thousands)	Estimated Future Amortization Expense
2018	$	1,691
2019		1,270
2020		809
2021		802
2022		802
Thereafter		2,747
Total future amortization expense	$	8,121

Prepaid And Other Assets (Tables)

12 Months Ended

Dec. 31, 2017

Prepaid And Other Assets [Abstract]

Summary Of Prepaid And Other Assets


(Dollars in thousands)	December 31, 2017		December 31, 2016
Prepaid and other current assets
Prepaid expenses	$	1,625	$	981
Prepaid taxes		653		1,622
Income taxes receivable		1,686		1,476
Prepaid rent		1,055		1,237
Deposits		243		404
Restricted cash		17		17
Investments in marketable securities		46		50
Total prepaid and other current assets	$	5,325	$	5,787
Other non-current assets
Recoverable asset(1)	$	--	$	9,480
Other non-cinema and non-rental real estate assets		1,134		1,134
Investment in Reading International Trust I		838		838
Interest rate cap at fair value		--		1
Straight-line rent asset		2,564		2,457
Long-term deposits		7		39
Total non-current assets	$	4,543	$	13,949

(1)

Refer to Note 19 – Insurance Recoveries on Impairment and Related Losses due to Earthquake for further discussion on this item.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Schedule Of Income (Loss) Before Income Tax Expense


(Dollars in thousands)	2017		2016		2015
United States	$	(5,143)	$	(1,886)	$	3,826
Foreign		38,675		14,324		23,149
Income before income taxes and equity earnings of unconsolidated joint ventures	$	33,532	$	12,438	$	26,975
Equity earnings of unconsolidated joint ventures:
United States		--		--		--
Foreign		815		999		1,204
Income before income taxes	$	34,347	$	13,437	$	28,179

Schedule Of Significant Components Of Provision For Income Taxe


(Dollars in thousands)	2017		2016		2015
Current income tax expense (benefit)
Federal (1)	$	(7,846)	$	2,982	$	481
State		775		675		516
Foreign		7,079		4,685		3,120
Total		8		8,342		4,117
Deferred income tax expense (benefit)
Federal		3,654		(4,197)		612
State		(2,351)		(422)		(940)
Foreign		2,026		297		1,359
Total		3,329		(4,322)		1,031
Total income tax expense	$	3,337	$	4,020	$	5,148

⁽¹⁾

The 2017 amount includes a federal tax benefit of $7,785 related to changes in unrecognized tax benefits and related interest.

Schedule Of Components Of Deferred Tax Assets And Liabilities


(Dollars in thousands)	December 31, 2017 (1)		December 31, 2016
Deferred Tax Assets:
Net operating loss carry-forwards	$	8,579	$	11,940
Alternative minimum tax credit carry-forwards		939		1,690
Compensation and employee benefits		4,146		6,221
Deferred revenue		2,500		5,486
Accrued expenses		6,178		7,134
Accrued taxes		2,440		3,381
Land and property		8,457		12,857
Other		107		995
Total Deferred Tax Assets		33,346		49,704
Deferred Tax Liabilities:
Intangibles		(1,087)		(1,482)
Cancellation of indebtedness		(481)		(1,559)
Notes receivable		--		(7,403)
Total Deferred Tax Liabilities		(1,568)		(10,444)
Net deferred tax assets before valuation allowance		31,778		39,260
Valuation allowance		(6,870)		(10,593)
Net deferred tax asset	$	24,908	$	28,667

⁽¹⁾

Schedule Of Income Tax Reconciliation Items


(Dollars in thousands)	2017		2016		2015
Expected tax provision	$	12,022	$	4,566	$	9,581
Increase (decrease) in tax expense resulting from:
Foreign tax rate differential		(2,153)		(648)		(654)
Change in valuation allowance		(905)		129		1,531
State and local tax provision		(541)		307		1,133
Prior year adjustments		(79)		(954)		(514)
Unrecognized tax benefits		(8,498)		262		946
Advance to Overseas Subsidiary		(7,620)		--		--
Impact of Tax Act		13,018		--		--
Non-taxable insurance proceeds		(1,871)		--		--
Indefinite reinvestment assertion		--		--		(3,089)
State rate and law change		--		--		(3,635)
Other		(36)		358		(151)
Actual tax provision	$	3,337	$	4,020	$	5,148

Summary Of The Activity Related To Unrecognized Tax Benefits


(Dollars in thousands)	2017		2016		2015
Unrecognized tax benefits – gross beginning balance	$	11,480	$	11,022	$	3,760
Gross increase (decrease) - prior year tax positions		(7,905)		133		6,679
Gross increase (decrease) - current period tax positions		--		325		583
Settlements		(452)		--		--
Unrecognized tax benefits – gross ending balance	$	3,123	$	11,480	$	11,022

Borrowings (Tables)

12 Months Ended

Dec. 31, 2017

Borrowings [Abstract]

Summary Of Notes Payable


		As of December 31, 2017
(Dollars in thousands)		Maturity Date	Contractual Facility		Balance, Gross		Balance, Net(3)		Stated Interest Rate	Effective Interest Rate (1)
Denominated in USD
	Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	27,554	5.38%	5.38%
	Bank of America Credit Facility (USA)	November 28, 2019		55,000		31,000		31,000	4.57%	4.57%
	Bank of America Line of Credit (USA)	October 31, 2019		5,000		-		--	4.57%	4.57%
	Cinema 1, 2, 3 Term Loan (USA)	September 1, 2019		19,500		19,500		19,105	3.25%	3.25%
	Minetta & Orpheum Theatres Loan (USA)	June 1, 2018		7,500		7,500		7,470	4.13%	4.13%
	U.S. Corporate Office Term Loan (USA)(4)	January 1, 2027		9,719		9,719		9,582	4.64% / 4.44%	4.61%
	Union Square Construction Financing (USA)	December 29, 2019		57,500		8,000		5,033	5.81%	5.81%
Denominated in foreign currency ("FC")(2)
	NAB Corporate Loan Facility (AU)	June 30, 2019		51,970		30,869		30,781	3.66%	3.66%
	Westpac Bank Corporate (general/non-construction) Credit Facility (NZ)	December 31, 2019		24,850		--		--	3.70%	3.70%
	Westpac Bank Corporate (construction) Credit Facility (NZ)	December 31, 2019		12,780		--		--	3.70%	3.70%
Total			$	271,732	$	134,501	$	130,525

(2) The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollars based on exchange rates as of December 31, 2017.

(3) Net of deferred financing costs amounting to $4.0 million.

(4) In June 2017 we received $1.5M in additional financing on our new U.S. Corporate Headquarters with Citizens Asset Finance, Inc. due to the reappraisal of the property.


		As of December 31, 2016
(Dollars in thousands)		Maturity Date	Contractual Facility		Balance, Gross		Balance, Net(3)		Stated Interest Rate	Effective Interest Rate (1)
Denominated in USD
	Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	27,340	4.89%	5.20%
	Bank of America Credit Facility (USA)	November 28, 2019		55,000		39,950		39,759	3.27%	3.90%
	Bank of America Line of Credit (USA)	October 31, 2017		5,000		--		--	3.77%	3.77%
	Cinema 1, 2, 3 Term Loan (USA)(4)	September 1, 2019		19,901		19,901		19,356	3.25%	3.25%
	Minetta & Orpheum Theatres Loan (USA)(4)	June 1, 2018		7,500		7,500		7,398	3.38%	3.38%
	U.S. Corporate Office Term Loan (USA)(4)	January 1, 2027		8,363		8,363		8,239	4.64%	4.64%
	Union Square Construction Financing (USA)(4)	December 29, 2019		57,500		8,000		4,751	4.52%	4.52%
Denominated in FC (2)
	NAB Corporate Loan Facility (AU)	June 30, 2019		48,080		28,558		28,421	2.64%	2.64%
	Westpac Bank Corporate Credit Facility (NZ)	March 31, 2018		36,877		8,350		8,350	3.80%	3.80%
Total			$	266,134	$	148,535	$	143,614

(2) The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollar based on exchange rates as of December 31, 2016.

(3) Net of deferred financing costs amounting to $4.9 million.

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


	Dollars in thousands
Balance Sheet Caption	December 31, 2017		December 31, 2016
Debt - current portion	$	8,109	$	567
Debt - long-term portion		94,862		115,707
Subordinated debt		27,554		27,340
Total borrowings	$	130,525	$	143,614

Schedule Of Construction Financing


(Dollars in thousands)		Facility Limits and Advances
Financing Component	Lender	Facility Limit		Advanced-to- Date		Remaining Facility		Interest Rate(1)	Maturity Date(2)
Mezzanine loan	Tammany Mezz Investor LLC	$	7,500	$	--	$	7,500	Greater of (i) 10.50% and (ii) Adjusted LIBOR + 10%	December 29, 2019
Senior loan	Bank of the Ozarks		8,000		8,000		--	Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%	December 29, 2019
Building loan	Bank of the Ozarks		31,130		--		31,130	Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%	December 29, 2019
Project loan	Bank of the Ozarks		10,870		--		10,870	Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%	December 29, 2019
Total Union Square Financing		$	57,500	$	8,000	$	49,500

(1) Not to exceed the New York State maximum lawful borrowing rate, which typically is 16%.

(2) Allowable for up to two (2) extension request options, one (1) year for each extension request.

Schedule Of Future Principal Loan Payments


(Dollars in thousands)	Future Principal Debt Payments
2018	$	8,139
2019		89,190
2020		248
2021		258
2022		270
Thereafter		36,400
Total future principal debt payments	$	134,505

Pension And Other Liabilities [Abstract]

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Section S99
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-Name Accounting Standards Codification
-Topic 505
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 942
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-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
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-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Pension And Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2017

Summary Of Other Liabilities Including Pension


(Dollars in thousands)	December 31, 2017		December 31, 2016
Current liabilities
Liability for demolition and remediation costs(1)	$	2,781	$	5,914
Lease liability(2)		5,900		5,900
Accrued pension(3)		2,907		2,223
Security deposit payable		91		77
Other		--		17
Other current liabilities	$	11,679	$	14,131
Other liabilities
Straight-line rent liability	$	13,444	$	12,413
Accrued pension(3)		5,228		5,732
Lease make-good provision		5,648		5,146
Environmental reserve		1,656		1,656
Interest rate swap		--		58
Deferred Revenue - Real Estate		18		4,398
Acquired leases		186		267
Other		469		495
Other liabilities	$	26,649	$	30,165

(1) Refer to Note 19 – Insurance Recoveries on Impairment and Related Losses due to Earthquake for details on the estimation of the demolition costs for our Courtenay Central parking structure.

(2) Represents the lease liability of the option associated with the ground lease purchase of the Village East Cinema. See below for more information.

(3) Represents the pension liability associated with the Supplemental Executive Retirement Plan explained below.

Schedule Of Change In Pension Benefit Obligation And Funded Status


(Dollars in thousands)	December 31, 2017		December 31, 2016
Benefit obligation at January 1	$	7,955	$	7,775
Interest cost		180		180
Actuarial gain		--		--
Benefit obligation at December 31	$	8,135	$	7,955
Funded status at December 31	$	(8,135)	$	(7,955)

Schedule Of Pension Benefit Obligation Recognized In Balance Sheets


(Dollars in thousands)	December 31, 2017		December 31, 2016
Current liabilities	$	2,907	$	2,223
Other liabilities - Non current		5,228		5,732
Total pension liability	$	8,135	$	7,955

Schedule Of The Components Of Net Periodic Benefit Cost And Other Amounts Recognized In Other Comprehensive Income


(Dollars in thousands)	December 31, 2017		December 31, 2016
Net periodic benefit cost
Interest cost	$	180	$	180
Amortization of prior service costs		--		--
Amortization of net actuarial gain		127		129
Net periodic benefit cost	$	307	$	309
Items recognized in other comprehensive income
Net loss	$	--	$	--
Amortization of prior service cost		--		--
Amortization of net loss		(127)		(129)
Total recognized in other comprehensive income	$	(127)	$	(129)
Total recognized in net periodic benefit cost and other comprehensive income	$	180	$	180

Schedule Of Items Not Recognized As A Component Of Net Periodic Pension Cost


(Dollars in thousands)	December 31, 2017		December 31, 2016
Unamortized actuarial loss	$	2,592	$	2,719
Accumulated other comprehensive loss	$	2,592	$	2,719

Schedule Of Expected Benefit Payments


(Dollars in thousands)	Estimated Future Pension Payments
2018	$	2,907
2019		684
2020		684
2021		684
2022		684
Thereafter		2,492
Total pension payments	$	8,135

Schedule Of Reconciliation Of The Lease Make-Good Provision


(Dollars in thousands)	As of and for the year ended December 31, 2017		As of and for the year ended December 31, 2016
Lease make-good provision, at January 1	$	5,146	$	5,228
Liabilities incurred during the year		--		35
Liabilities settled during the year		--		(365)
Accretion expense		282		262
Effect of changes in foreign currency		220		(14)
Lease make-good provision, at December 31	$	5,648	$	5,146

Non-controlling Interests (Tables)

12 Months Ended

Dec. 31, 2017

Non-controlling Interests [Abstract]

Components Of Non-controlling Interests


(Dollars in thousands)	December 31, 2017		December 31, 2016
Australian Country Cinemas, Pty Ltd	$	138	$	264
Shadow View Land and Farming, LLC		2,127		1,980
Sutton Hill Properties, LLC		2,066		2,174
Non-controlling interests in consolidated subsidiaries	$	4,331	$	4,418

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


(Dollars in thousands)	2017		2016		2015
Australian Country Cinemas, Pty Ltd	$	164	$	140	$	126
Shadow View Land and Farming, LLC		(45)		(58)		(77)
Sutton Hill Properties, LLC		(108)		(68)		(128)
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	$	11	$	14	$	(79)

Shared-Based Compensation and Share Repurchases Plans (Tables)

12 Months Ended

Dec. 31, 2017

Shared-Based Compensation and Share Repurchases Plans [Abstract]

Schedule Of Fair Value Of Options, Weighted Average Assumptions


	2017		2016		2015
Stock option exercise price	$	$15.94	$	11.87	$	13.30
Risk-free interest rate		1.66%		1.20%		2.23%
Expected dividend yield		--		--		--
Expected option life in years		3.75		3.75		4.00
Expected volatility		24.95%		25.01%		31.86%
Weighted average fair value	$	3.45	$	2.49	$	3.82

Schedule Of Stock Options Outstanding And Exercisable


	Outstanding Stock Options
	Number of Options		Weighted Average Exercise Price				Weighted Average Remaining Years of Contractual Life	Aggregate Intrinsic Value
	Class A	Class B	Class A		Class B		Class A&B	Class A&B
Outstanding - January 1, 2015	568,250	185,100	$	6.88	$	9.90	2.40	$	4,197,000
Granted	112,000	--		13.30		--
Exercised	(185,685)	(185,100)		6.09		9.90			327,170
Expired	(8,000)	--		6.23		--
Outstanding - December 31, 2015	486,565	--	$	8.68	$	--	2.89	$	2,188,011
Granted	169,327	--		11.87		--
Exercised	(46,815)	--		9.50		--			220,002
Expired	(74,000)	--		7.02		--
Outstanding - December 31, 2016	535,077	--	$	9.84	$	--	2.61	$	3,615,191
Granted	169,762	--		15.94		--
Exercised	(177,750)	--		7.85		--			702,840
Expired	(2,500)	--		6.23		--
Outstanding - December 31, 2017	524,589	--	$	12.50	$	--	3.15	$	3,054,325

Summary Of Vested And Unvested Stock Options


	Vested and Unvested Stock Options
	Number of Options		Weighted Average Exercise Price				Weighted Average Remaining Years of Contractual Life	Aggregate Intrinsic Value
	Class A	Class B	Class A			Class B	Class A&B	Class A&B
Vested
December 31, 2017	186,832	--	$	9.84	$	--	2.30	$	2,202,772
December 31, 2016	296,500	--		7.88		--	1.59		2,584,500
December 31, 2015	256,065	--		7.64		--	2.14		1,401,321
Unvested
December 31, 2017	337,757	--	$	13.86	$	--	3.62	$	851,552
December 31, 2016	238,577	--		12.28		--	3.87		1,030,691
December 31, 2015	230,500	--		9.83		--	3.72		786,690

Schedule Of Restricted Stock Units Issued And Vested


	Number of options			$ value of options
	Granted	Vesting	Unvested	Granted	Vesting	Unvested
2016	68,153	38,062	30,091	815,160	454,966	360,193
2017	70,538	949	69,589	1,124,348	14,880	1,109,467
Total	138,691	39,011	99,680	1,939,507	469,846	1,469,661

Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2017

Accumulated Other Comprehensive Income [Abstract]

Summary Of Accumulated Other Comprehensive Income


(Dollars in thousands)	Foreign Currency Items(1)		Unrealized Gain (Losses) on Available-for-Sale Investments		Accrued Pension Service Costs(2)		Total
Balance at January 1, 2017	$	14,784	$	10	$	(2,719)	$	12,075
Net current-period other comprehensive income		8,791		(2)		127		8,916
Balance at December 31, 2017	$	23,575	$	8	$	(2,592)	$	20,991

(1)

Net of income tax expense of $659,152.

Net of income tax expense of $79,572.

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Measurements [Abstract]

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


		Carrying		Fair Value Measurements at December 31, 2017
(Dollars in thousands)	Balance Sheet Location	Value(1)		Level 1		Level 2		Level 3		Total
Financial liabilities
Notes payable	Debt - current and long-term portion	$	106,588	$	--	$	--	$	106,894	$	106,894
Subordinated debt	Subordinated debt		27,913		--		--		16,088		16,088
Total		$	134,501	$	--	$	--	$	122,982	$	122,982


		Carrying		Fair Value Measurements at December 31, 2016
(Dollars in thousands)	Balance Sheet Location	Value(1)		Level 1		Level 2		Level 3		Total
Financial liabilities
Notes payable	Debt - current and long-term portion	$	120,622	$	--	$	--	$	121,204	$	121,204
Subordinated debt	Subordinated debt		27,913		--		--		15,247		15,247
Total		$	148,535	$	--	$	--	$	136,451	$	136,451

(1) These balances are presented gross of deferred financing costs

Leases (Tables)

12 Months Ended

Dec. 31, 2017

Leases [Abstract]

Schedule Of Future Minimum Rental Income Under Operating Leases


(Dollars in thousands)	Future Minimum Rentals
2018	$	9,583
2019		8,692
2020		7,200
2021		6,599
2022		5,807
Thereafter		16,986
Total	$	54,867

Schedule Of Base And Contingent Rental Expenses


(Dollars in thousands)	2017		2016		2015
Base rent expense	$	31,630	$	29,824	$	30,565
Contingent rental expense		2,505		1,484		1,848
Total cinema rent expense	$	34,135	$	31,308	$	32,413

Schedule Of Future Minimum Lease Payments Under Non-Cancelable Operating Leases


	Minimum Lease Payments at December 31, 2017
(Dollars in thousands)	Ground Lease		Premises Lease		Equipment Lease		Total
2018	$	3,629	$	27,980	$	--	$	31,609
2019		3,717		27,837		--		31,554
2020		2,792		23,883		--		26,675
2021		2,730		23,677		--		26,407
2022		2,771		5,069		--		7,840
Thereafter		20,823		185,910		--		206,733
Total	$	36,462	$	294,356	$	--	$	330,818

Insurance Recoveries on Impairment and Related Losses Due to Earthquake (Tables)

12 Months Ended

Dec. 31, 2017

Insurance Recoveries on Impairment and Related Losses Due to Earthquake [Abstract]

Allocation Of The Total Insurance Proceeds To The Various Risks and Bases


Covered Risks	Basis for Allocation (Dollars in thousands)		Commentary	% Allocation	Allocation of Insurance Proceeds (Dollars in thousands)
Property damage	NZ$	44,808	Estimated replacement cost for Courtenay Central parking building, as determined by an independent construction cost consultant.	81%	NZ$	29,093
Demolition costs		7,276	Actual costs incurred and best estimates of remaining costs to complete the demolition activities of Courtenay Central parking building	13%		4,724
Business interruption		3,415	Estimated lost profits during the closure period relating to our various revenue-generating components within Courtenay Central ETC (including our cinema and property operations)	6%		2,217
Total	NZ$	55,499		100%	NZ$	36,034

Schedule Of Net Impact In Current Earnings


		Recoverable Components
		Non-Operating Income						Operating Income
(mainly in New Zealand Dollars in thousands, unless otherwise stated)	f	Property Damage(1)		Demolition Costs(1)		Total		Business Interruption(2)		Grand Total
Insurance Proceed Allocation	A	$	29,093	$	4,724	$	33,817	$	2,217	$	36,034
Movements in Recoverable Components
Total expected incurred losses, November 30, 2016	B		14,246		8,500		22,746		--		22,746
Less: Casualty Losses recorded in 2016 Earnings(3) - in NZ$	C		(795)		(1,224)		(2,019)		--		(2,019)
- in US$	D	US$	(560)	US$	(861)	US$	(1,421)	US$	--	US$	(1,421)
Recoverable Assets, December 31, 2016(4)	E=B-C	$	13,451	$	7,276	$	20,727	$	--	$	20,727
Add: Upward changes in estimates and others	F		347		--		347		111		458
Net recoverable balances charged against proceeds	G=E+F		13,798		7,276		21,074		111		21,185
Casualty gain, recorded in 2017 Earnings- in NZ$	H=A-G	$	15,295	$	(2,552)	$	12,743	$	2,106	$	14,849
Casualty gain, recorded in 2017 Earnings - in US$	I	US$	11,063	US$	(1,846)	US$	9,217	US$	1,523	US$	10,740
Net Casualty gain for 2016 and 2017 Earnings - in US$	∑(D+I)	US$	10,503	US$	(2,707)	US$	7,796	US$	1,523	US$	9,319

(1) The net impact to 2017 earnings of $9.2 million (NZ$12.7 million) is recorded as “Casualty gain” in our Consolidated Statement of Operations.

(2) The impact to 2017 operating earnings of $1.5 million (NZ$2.1 million) is recorded as part of the applicable segment revenues in our Consolidated Statement of Operations.

Unaudited Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Unaudited Quarterly Financial Information [Abstract]

Schedule Of Unaudited Quarterly Financial Information


(Dollars in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter(1)
2017
Revenue	$	69,454	$	72,413	$	66,087	$	71,780
Net income		3,041		19,052		1,458		7,459
Net income attributable to RDI shareholders		3,029		19,032		1,556		7,382
Basic earnings per share		0.13		0.82		0.07		0.33
Diluted earnings per share		0.13		0.81		0.07		0.32
2016
Revenue	$	64,789	$	66,918	$	71,315	$	67,451
Net income		2,224		2,922		3,917		354
Net income attributable to RDI shareholders		2,226		2,970		3,855		352
Basic earnings per share		0.09		0.13		0.17		0.01
Diluted earnings per share		0.09		0.13		0.16		0.02

Description Of Business And Segment Reporting (Summary Of Results Of Operations For Principal Business Segments) (Details)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2017

USD ($)

^[1]

Sep. 30, 2017

USD ($)

Jun. 30, 2017

USD ($)

Mar. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

^[1]

Sep. 30, 2016

USD ($)

Jun. 30, 2016

USD ($)

Mar. 31, 2016

USD ($)

Dec. 31, 2017

USD ($)

segment

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

$ 71,780

$ 66,087

$ 72,413

$ 69,454

$ 67,451

$ 71,315

$ 66,918

$ 64,789

$ 279,734

$ 270,473

^[2]

$ 257,865

^[2]

(224,456)

(214,933)

(207,492)

(16,942)

(15,689)

^[2]

(14,562)

^[2]

(25,347)

(26,906)

^[2]

(18,652)

^[2]

(259,173)

(250,162)

^[2]

(234,169)

^[2]

Number of segments | segment

$ 20,561

20,311

^[2]

23,696

^[2]

Operating Segments [Member]

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

$ 287,307

277,839

264,402

(16,469)

(15,294)

(14,268)

(246,326)

(235,412)

(225,488)

Inter-segment Elimination [Member]

40,981

42,427

38,914

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

^[3]

(7,573)

(7,366)

(6,537)

Cinema Exhibition [Member]

^[3]

7,573

7,366

6,537

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Cinema Exhibition [Member] | Operating Segments [Member]

(215,020)

(205,889)

(196,544)

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

263,464

256,922

242,823

(12,213)

(11,772)

(11,161)

(230,494)

(221,424)

(210,705)

Cinema Exhibition [Member] | Inter-segment Elimination [Member]

32,970

35,498

32,118

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

^[3]

(7,573)

(7,366)

(6,537)

Real Estate [Member]

Real Estate [Member] | Operating Segments [Member]

(9,436)

(9,044)

(10,948)

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

23,843

20,917

21,579

(4,256)

(3,522)

(3,107)

(15,832)

(13,988)

(14,783)

Real Estate [Member] | Inter-segment Elimination [Member]

8,011

6,929

6,796

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Segment [Member] | Operating Segments [Member]

^[3]

(7,573)

(7,366)

(6,537)

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Segment [Member] | Cinema Exhibition [Member] | Operating Segments [Member]

(5,401)

(5,185)

(3,728)

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Segment [Member] | Real Estate [Member] | Operating Segments [Member]

(3,261)

(3,763)

(3,000)

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Third Party [Member] | Operating Segments [Member]

(2,140)

(1,422)

(728)

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

279,734

270,473

257,865

Third Party [Member] | Cinema Exhibition [Member] | Operating Segments [Member]

(216,883)

(207,567)

(200,955)

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

263,464

256,922

242,823

Third Party [Member] | Real Estate [Member] | Operating Segments [Member]

(207,447)

(198,523)

(190,007)

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

16,270

13,551

15,042

$ (9,436)

$ (9,044)

$ (10,948)

[1]	Net income for the 4th quarter of 2017 includes approximately $2.5 million net tax benefit from non-recurring items of tax benefit and expense related to the Tax Cuts and Jobs Act enacted December 2017 and dissolution of a non-operating foreign subsidiary.
[2]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[3]	Inter-segment Revenues and Cost of services relates to the internal charge between the two segments where the cinema operates within real estate owned within the group.

Description Of Business And Segment Reporting (Reconciliation To Net Income Attributable To Common Shareholders) (Details)
$ in Thousands, $ in Millions

12 Months Ended

Dec. 31, 2017

NZD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Depreciation and amortization expense

Operating income

$ 20,561

$ 20,311

^[1]

$ 23,696

^[1]

(16,942)

(15,689)

^[1]

(14,562)

^[1]

Income tax benefit (expense)

(25,347)

(26,906)

^[1]

(18,652)

^[1]

Interest expense, net

(6,194)

(6,782)

^[1]

(7,304)

^[1]

(3,337)

(4,020)

^[1]

(5,148)

^[1]

815

999

^[1]

1,204

^[1]

9,360

393

^[1]

11,023

^[1]

$ 12.7

9,217

(1,421)

^[1]

Other income (expense)

588

(63)

^[1]

(440)

^[1]

Operating Segments [Member]

34,347

13,437

^[1]

28,179

^[1]

Depreciation and amortization expense

Operating income

40,981

42,427

38,914

(16,469)

(15,294)

(14,268)

Corporate, Non-segment [Member]

Depreciation and amortization expense

(473)

(395)

(294)

(19,947)

(21,721)

(14,924)

Interest expense, net

(6,194)

(6,782)

(7,304)

815

999

1,204

9,360

393

11,023

9,217

(1,421)

Other income (expense)

588

(63)

(440)

$ 34,347

$ 13,437

$ 28,179

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Description Of Business And Segment Reporting (Summary Of Assets) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Cash and cash equivalents

$ 423,026

$ 405,766

^[1]

13,668

19,017

^[1]

$ 19,702

$ 50,248

188,639

161,922

Australia [Member]

169,035

170,556

New Zealand [Member]

65,352

73,288

Country [Member]

Cinema Exhibition [Member]

423,026

405,766

135,184

133,057

Real Estate [Member]

249,245

240,362

Corporate [Member]

^[2]

$ 38,597

$ 32,347

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[2]	Corporate Assets includes cash and cash equivalents of $13.7 million and $19.0 million as of December 31, 2017 and 2016, respectively.

Description Of Business And Segment Reporting (Schedule Of Operating Property By Country) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

$ 264,724

$ 211,886

^[1]

89,183

75,845

Australia [Member]

143,200

103,430

New Zealand [Member]

Summary Of Significant Accounting Policies [Line Items]

$ 32,341

$ 32,611

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Description Of Business And Segment Reporting (Summary Of Capital Expenditures) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Total capital expenditures	$ 76,708	$ 49,166	$ 53,119
Segment [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	76,300	49,023	52,989
Corporate [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	$ 408	$ 143	$ 130

Summary Of Significant Accounting Policies (Narrative) (Details)

3 Months Ended

12 Months Ended

Jan. 01, 2018

USD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Dec. 31, 2017

USD ($)

segment

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Restricted cash

$ 17,000

Number of segments | segment

Goodwill impairment

$ 0

Advertising expense

2,300,000

Gains/(losses) on the settlement of litigation

1,800,000

415,000

(495,000)

Additional paid in capital

(3,337,000)

(4,020,000)

^[1]

(5,148,000)

^[1]

Deferred tax asset

24,908,000

^[2]

28,667,000

24,908,000

^[2]

28,667,000

Retained earnings

32,679,000

1,680,000

^[3]

32,679,000

1,680,000

^[3]

Occupancy cost expense

(9,437,000)

(9,044,000)

^[1]

(10,948,000)

^[1]

145,898,000

144,569,000

^[3]

145,898,000

144,569,000

^[3]

Other comprehensive income

39,915,000

9,673,000

^[1]

6,877,000

^[1]

26,649,000

30,165,000

^[3]

26,649,000

30,165,000

^[3]

Summary Of Significant Accounting Policies [Line Items]

(4,943,000)

Summary Of Significant Accounting Policies [Line Items]

Previously reported income tax expenses

611,000

$ 514,000

(239,000)

(233,000)

(205,000)

1,800,000

Deferred tax asset

611,000

2,116,000

611,000

2,116,000

Retained earnings

369,000

$ 385,000

369,000

385,000

Income tax expense, out of period adjustment

1,286,000

Occupancy cost expense

$ 544,000

Additional paid in capital

793,000

Other comprehensive income

1,859,000

Non Income Producing Properties [Member]

$ 1,050,000

1,050,000

Summary Of Significant Accounting Policies [Line Items]

Impairment losses

$ 0

Mt. Gravatt [Member]

Summary Of Significant Accounting Policies [Line Items]

Summary Of Significant Accounting Policies [Line Items]

33.30%

Rialto Cinemas [Member]

Subsequent Event [Member] | Accounting Standards Update 2014-09 [Member]

50.00%

Summary Of Significant Accounting Policies [Line Items]

Expected reduction in deferred revenue associated with gift cards and gift certificates

$ 1,300,000

Expected reduction in deferred revenue for the loyalty program accounting

$ 1,000,000

Summary Of Significant Accounting Policies [Line Items]

Summary Of Significant Accounting Policies [Line Items]

20.00%

Maximum [Member]

Australian Country Cinemas, Pty Ltd [Member]

50.00%

Summary Of Significant Accounting Policies [Line Items]

75.00%

Summary Of Significant Accounting Policies [Line Items]

Shadow View Land And Farming, LLC [Member]

75.00%

Summary Of Significant Accounting Policies [Line Items]

50.00%

Area of property | a

202

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[2]	We recorded an adjustment to our federal deferred income tax assets and liabilities as of December 31, 2017 to reflect the reduction in the U.S. statutory federal corporate income tax rate from 35% to 21% resulting from the Tax Act.
[3]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Summary Of Significant Accounting Policies (Schedule Of Estimated Useful Lives Of Assets) (Details)	12 Months Ended
	Dec. 31, 2017
Building And Improvements [Member] \| Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	15 years
Building And Improvements [Member] \| Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	60 years
Theater Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	7 years
Furniture And Fixtures [Member] \| Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	5 years
Furniture And Fixtures [Member] \| Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	10 years

Summary Of Significant Accounting Policies (Summary Of Currency Exchange Rates) (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Australian Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.7815	0.7230	0.7286
Australian Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.7670	0.7440	0.7524
New Zealand Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.7100	0.6958	0.6842
New Zealand Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.7111	0.6973	0.7004

Summary Of Significant Accounting Policies (Accounting Changes To Consolidated Statements Of Operations) (Details) - USD ($)

3 Months Ended

12 Months Ended

Dec. 31, 2017

^[1]

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2015

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

$ 71,780,000

$ 66,087,000

$ 72,413,000

$ 69,454,000

$ 67,451,000

^[1]

$ 71,315,000

$ 66,918,000

$ 64,789,000

$ 279,734,000

$ 270,473,000

^[2]

$ 257,865,000

^[2]

Costs and expenses

(259,173,000)

(250,162,000)

^[2]

(234,169,000)

^[2]

Interest expense (net), casualty loss and others

20,561,000

20,311,000

^[2]

23,696,000

^[2]

12,971,000

(7,873,000)

3,279,000

Income before income taxes and earnings of unconsolidated joint ventures

33,532,000

12,438,000

^[2]

26,975,000

^[2]

815,000

999,000

^[2]

1,204,000

^[2]

34,347,000

13,437,000

^[2]

28,179,000

^[2]

(3,337,000)

(4,020,000)

^[2]

(5,148,000)

^[2]

$ 7,459,000

$ 1,458,000

$ 19,052,000

$ 3,041,000

$ 354,000

^[1]

$ 3,917,000

$ 2,922,000

$ 2,224,000

$ 31,010,000

$ 9,417,000

^[2]

$ 23,031,000

^[2]

$ 0.33

$ 0.07

$ 0.82

$ 0.13

$ 0.01

^[1]

$ 0.17

$ 0.13

$ 0.09

$ 1.35

$ 0.40

^[2]

$ 0.99

^[2]

Without Breakage Revenue [Member]

$ 0.32

$ 0.07

$ 0.81

$ 0.13

$ 0.02

^[1]

$ 0.16

$ 0.13

$ 0.09

$ 1.33

$ 0.40

^[2]

$ 0.98

^[2]

$ 279,126,000

$ 269,855,000

Costs and expenses

(259,173,000)

(250,162,000)

Interest expense (net), casualty loss and others

19,953,000

19,693,000

12,971,000

(7,873,000)

Income before income taxes and earnings of unconsolidated joint ventures

32,924,000

11,820,000

815,000

999,000

33,739,000

12,819,000

(3,098,000)

(3,787,000)

$ 30,641,000

$ 9,032,000

$ 1.33

$ 0.39

$ 1.32

$ 0.38

$ 257,323,000

Costs and expenses

(234,169,000)

Interest expense (net), casualty loss and others

23,154,000

3,279,000

Income before income taxes and earnings of unconsolidated joint ventures

26,433,000

1,204,000

27,637,000

(4,943,000)

$ 22,694,000

$ 0.98

$ 0.97

$ 608,000

$ 618,000

$ 542,000

Income before income taxes and earnings of unconsolidated joint ventures

608,000

618,000

542,000

608,000

618,000

542,000

608,000

618,000

542,000

$ 611,000

$ 514,000

(239,000)

(233,000)

(205,000)

$ 369,000

$ 385,000

$ 337,000

$ 0.02

$ 0.01

$ 0.02

$ 0.01

[1]	Net income for the 4th quarter of 2017 includes approximately $2.5 million net tax benefit from non-recurring items of tax benefit and expense related to the Tax Cuts and Jobs Act enacted December 2017 and dissolution of a non-operating foreign subsidiary.
[2]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Summary Of Significant Accounting Policies (Accounting Changes To Consolidated Balance Sheets) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Current assets

$ 33,475

$ 72,641

^[1]

24,908

28,667

^[1]

Other non-current assets

364,643

304,458

423,026

405,766

^[1]

9,850

10,758

^[1]

70,596

55,228

Non-current liabilities

161,339

193,165

Retained earnings (accumulated deficit)

241,785

259,151

^[1]

32,679

1,680

^[1]

Other equity components

148,562

144,935

181,241

146,615

^[1]

$ 138,951

$ 133,716

Without Breakage Revenue [Member]

423,026

405,766

^[1]

Current assets

33,475

72,641

25,147

28,900

Other non-current assets

364,643

304,458

423,265

405,999

10,458

11,376

70,596

55,228

Non-current liabilities

161,339

193,165

Retained earnings (accumulated deficit)

242,393

259,769

32,310

1,295

Other equity components

148,562

144,935

180,872

146,230

423,265

405,999

(239)

(233)

(239)

(233)

(608)

(618)

Retained earnings (accumulated deficit)

(608)

(618)

369

385

369

385

$ (239)

$ (233)

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Summary Of Significant Accounting Policies (Accounting Changes To Consolidated Statements of Cash Flows) (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Adjustments to reconcile net income to net cash flows from operating activities:

$ 7,459

^[1]

$ 1,458

$ 19,052

$ 3,041

$ 354

^[1]

$ 3,917

$ 2,922

$ 2,224

$ 31,010

$ 9,417

^[2]

$ 23,031

^[2]

Other reconciling adjustments

4,073

(5,060)

(4,067)

191

19,128

5,786

Net changes in operating assets and liabilities:

Other operating assets and liabilities

(7,011)

3,626

(745)

(4,412)

3,077

4,569

23,851

30,188

28,574

Net cash used in investing activities

(6,786)

(42,861)

(29,710)

Net cash provided by / (used in) financing activities

(22,055)

11,246

(27,961)

Net increase (decrease) in cash and cash equivalents

(359)

742

(1,449)

(5,349)

(685)

(30,546)

Cash and cash equivalents at the beginning of the year

19,017

^[3]

19,702

19,017

^[3]

19,702

50,248

Without Breakage Revenue [Member]

13,668

19,017

^[3]

13,668

19,017

^[3]

19,702

Adjustments to reconcile net income to net cash flows from operating activities:

30,641

9,032

Other reconciling adjustments

3,834

(5,293)

191

19,128

Net changes in operating assets and liabilities:

Other operating assets and liabilities

(6,403)

4,244

(4,412)

3,077

23,851

30,188

Net cash used in investing activities

(6,786)

(42,861)

Net cash provided by / (used in) financing activities

(22,055)

11,246

Net increase (decrease) in cash and cash equivalents

(359)

742

(5,349)

(685)

Cash and cash equivalents at the beginning of the year

$ 19,017

19,702

19,017

19,702

$ 13,668

$ 19,017

13,668

19,017

19,702

Adjustments to reconcile net income to net cash flows from operating activities:

22,694

Other reconciling adjustments

(4,272)

5,786

Net changes in operating assets and liabilities:

Other operating assets and liabilities

(203)

4,569

28,574

Net cash used in investing activities

(29,710)

Net cash provided by / (used in) financing activities

(27,961)

Net increase (decrease) in cash and cash equivalents

(1,449)

(30,546)

Cash and cash equivalents at the beginning of the year

$ 19,702

19,702

50,248

19,702

Adjustments to reconcile net income to net cash flows from operating activities:

369

385

337

Net changes in operating assets and liabilities:

239

233

205

Net income attributable to RDI common stockholders

$ (608)

$ (618)

$ (542)

[1]	Net income for the 4th quarter of 2017 includes approximately $2.5 million net tax benefit from non-recurring items of tax benefit and expense related to the Tax Cuts and Jobs Act enacted December 2017 and dissolution of a non-operating foreign subsidiary.
[2]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[3]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2017

^[1]

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2016

^[1]

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Earnings Per Share [Abstract]

$ 7,382

$ 1,556

$ 19,032

$ 3,029

$ 352

$ 3,855

$ 2,970

$ 2,226

$ 30,999

$ 9,403

^[2]

$ 23,110

^[2]

Weighted average number of common stock – basic

23,041,190

23,320,048

^[2]

23,293,696

^[2]

Weighted average dilutive impact of awards

206,779

201,109

201,922

Weighted average number of common stock – diluted

23,247,969

23,521,157

^[2]

23,495,618

^[2]

Basic EPS attributable for RDI common stockholders

$ 0.33

$ 0.07

$ 0.82

$ 0.13

$ 0.01

$ 0.17

$ 0.13

$ 0.09

$ 1.35

$ 0.40

^[2]

$ 0.99

^[2]

Diluted EPS attributable to RDI common stockholders

$ 0.32

$ 0.07

$ 0.81

$ 0.13

$ 0.02

$ 0.16

$ 0.13

$ 0.09

$ 1.33

$ 0.40

^[2]

$ 0.98

^[2]

Awards excluded from diluted EPS

149,841

92,500

[1]	Net income for the 4th quarter of 2017 includes approximately $2.5 million net tax benefit from non-recurring items of tax benefit and expense related to the Tax Cuts and Jobs Act enacted December 2017 and dissolution of a non-operating foreign subsidiary.
[2]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Real Estate Transactions (Narrative) (Details)

12 Months Ended

Dec. 14, 2017

AUD ($)

Dec. 14, 2017

USD ($)

Jun. 19, 2017

AUD ($)

Jun. 19, 2017

USD ($)

Apr. 11, 2016

USD ($)

ft²

item

Feb. 25, 2016

USD ($)

Dec. 23, 2015

AUD ($)

item

Dec. 23, 2015

USD ($)

ft²

item

Nov. 30, 2015

AUD ($)

ft²

Nov. 30, 2015

USD ($)

ft²

Apr. 16, 2015

AUD ($)

Apr. 16, 2015

USD ($)

Apr. 01, 2015

NZD ($)

property

May 23, 2014

AUD ($)

May 23, 2014

USD ($)

Dec. 31, 2017

AUD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Dec. 31, 2017

USD ($)

Mar. 31, 2016

NZD ($)

Mar. 31, 2016

USD ($)

Nov. 29, 2015

ft²

Apr. 30, 2015

NZD ($)

Apr. 30, 2015

USD ($)

Apr. 16, 2015

USD ($)

Apr. 01, 2015

USD ($)

May 12, 2014

AUD ($)

May 12, 2014

USD ($)

$ 211,886,000

^[1]

$ 264,724,000

Percent of leasable area

50.00%

$ 9,360,000

393,000

^[2]

$ 11,023,000

^[2]

Goodwill

$ 19,828,000

^[1]

$ 19,715,000

$ 20,276,000

1 year

Maximum [Member]

35 years

Burwood [Member]

Proceeds from the sale property

$ 64,925,000

$ 65,000,000

$ 50,600,000

Adjustment to sale price

75,000

$ 56,000

Area of property | a

50.6

$ 36,600,000

$ 28,100,000

$ 21,800,000

$ 16,600,000

$ 6,500,000

$ 5,900,000

Total transaction gain, net

$ 12,378,000

Moonee Ponds [Member]

$ 23,000,000

$ 17,500,000

Doheny Condo, Los Angeles [Member]

$ 10,300,000

$ 8,000,000

$ 3,000,000

$ 2,800,000

Lake Taupo [Member]

Number of land parcels sold | property

Lake Taupo Parcel One [Member]

$ 3,400,000

$ 2,400,000

$ 2,200,000

$ 1,600,000

Lake Taupo Parcel Two [Member]

$ 1,800,000

$ 1,300,000

$ 1,200,000

$ 831,000

Property Adjacent To Newmarket [Member]

$ 615,000

$ 426,000

5995 Sepulveda Blvd, Culver City [Member]

23,000

Total consideration

$ 7,600,000

$ 5,500,000

$ 11,200,000

Number of parking spaces | item

24,000

Newmarket, Australia [Member]

Cannon Park, Queensland [Member]

227,000

204,000

Percentage of acquisition completed

133,000

100.00%

Payment to acquire property

$ 33,400,000

$ 24,100,000

Interest

75.00%

Number of major tenants | item

Number of specialty family oriented restaurant tenants | item

Number of retailers | item

Distance between two properties, Miles | mi

Percentage of property leased

98.00%

Number of land parcels acquired | item

Goodwill

$ 0

Cannon Park, Queensland [Member] | Minimum [Member]

Cannon Park, Queensland [Member] | Maximum [Member]

9 months

8 years

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[2]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Real Estate Transactions (Schedule Of The Sale Of The Land And The Total Transaction Gain) (Details) - Burwood [Member]
$ in Thousands, $ in Millions

Dec. 31, 2017

AUD ($)

May 12, 2014

AUD ($)

May 12, 2014

USD ($)

Selling price

$ 64,925

$ 65,000

$ 50.6

Total transaction gain, gross

(52,108)

12,817

Less: Direct costs incurred

^[1]

(439)

Total transaction gain, net

$ 12,378

[1]	Represents commissions and legal expenses incurred in connection with this transaction.

Real Estate Transactions (Schedule Of Purchase Price Allocation) (Details) - Dec. 31, 2017
$ in Thousands, $ in Thousands

AUD ($)

USD ($)

^[1]

Acquired Finite-Lived Intangible Assets [Line Items]

$ 11,142

$ 8,046

Above-Market Leases [Member]

16,518

11,928

Site improvements

2,321

1,676

Tenant improvements

957

691

Total assets acquired

33,522

24,207

Net assets acquired

33,392

24,113

Acquired Finite-Lived Intangible Assets [Line Items]

Acquired Finite-Lived Intangible Assets [Line Items]

In-Place Leases [Member]

Unamortized Leasing Commissions [Member]

2,135

1,542

Acquired Finite-Lived Intangible Assets [Line Items]

Unamortized Legal Fees [Member]

333

240

Acquired Finite-Lived Intangible Assets [Line Items]

Below-Market Leases [Member]

Acquired Finite-Lived Intangible Assets [Line Items]

Liabilities assumed

(130)

(94)

Acquired Finite-Lived Intangible Assets [Line Items]

10,421

7,525

22,971

16,588

Total assets acquired

33,392

24,113

Net assets acquired

33,392

$ 24,113

Acquired Finite-Lived Intangible Assets [Line Items]

^[2]

721

Adjustment [Member] | Above-Market Leases [Member]

^[2]

(6,453)

Site improvements

^[2]

2,321

Tenant improvements

^[2]

957

Total assets acquired

^[2]

130

Acquired Finite-Lived Intangible Assets [Line Items]

Adjustment [Member] | In-Place Leases [Member]

^[2]

Acquired Finite-Lived Intangible Assets [Line Items]

Adjustment [Member] | Unamortized Leasing Commissions [Member]

^[2]

2,135

Acquired Finite-Lived Intangible Assets [Line Items]

Adjustment [Member] | Unamortized Legal Fees [Member]

^[2]

333

Acquired Finite-Lived Intangible Assets [Line Items]

Adjustment [Member] | Below-Market Leases [Member]

^[2]

Acquired Finite-Lived Intangible Assets [Line Items]

Liabilities assumed

^[2]

$ (130)

[1]

The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, December 23, 2015.

[2]

The measurement period adjustments were mainly due to the finalization of the valuations of the tangible land, building and improvements, site improvements and tenant improvements, as well as valuations of intangible assets and liabilities typically present in an acquisition of a regional mall with existing tenancies. This resulted in a reallocation of the purchase price from Building to other tangible assets (site and tenant improvements), as well as to intangible assets, including above and below market leases, in-place leases and unamortized lease origination costs.

Property And Equipment (Narrative) (Details) - USD ($)	12 Months Ended
Property And Equipment (Narrative) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Property And Equipment [Abstract]
Depreciation expense for operating property	$ 14,000,000	$ 15,100,000	$ 13,600,000
Capitalized interest charges	$ 1,200,000	$ 297,000

Property And Equipment (Schedule Of Property And Equipment) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Property And Equipment [Abstract]

$ 76,457

$ 73,803

Less: accumulated depreciation

153,232

122,863

Leasehold improvements

48,481

46,902

Fixtures and equipment

145,033

118,180

Construction-in-progress

26,000

11,517

Total cost

449,203

373,265

(184,479)

(161,379)

Operating Properties, net

$ 264,724

$ 211,886

^[1]

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Property And Equipment (Schedule Of The Gross And Carrying Amounts Of The Properties Leased Of Held-For-Leasing) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Property And Equipment [Abstract]
Gross	$ 71,749	$ 33,879
Accumulated depreciation	17,585	9,982
Net Book Value	$ 54,164	$ 23,897

Property And Equipment (Summary Of Investment And Development Property) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

$ 61,254

$ 43,687

^[1]

Land [Member]

25,025

24,616

Building [Member]

Construction-In-Progress (including capitalized interest) [Member]

1,900

Schedule of Equity Method Investments [Line Items]

$ 34,329

$ 17,171

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Property And Equipment (Construction-In-Progress Balance) (Details) $ in Thousands	Dec. 31, 2017 USD ($)
Property And Equipment [Abstract]
Balance	$ 11,517
Balance	$ 26,000

Investments In Unconsolidated Joint Ventures (Narrative) (Details)	3 Months Ended		12 Months Ended
	Jun. 30, 2017 NZD ($)	Jun. 30, 2017 USD ($)	Dec. 31, 2017 item
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Number of movie theatre			2
Number of screens on property			13
Equity Method Investment, Ownership Percentage			50.00%
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Number of screens on property			16
Equity Method Investment, Ownership Percentage			33.30%
Rialto Distribution [Member]
Schedule of Equity Method Investments [Line Items]
Gain on sale of investment	$ 21,000	$ 15,000

Investments In Unconsolidated Joint Ventures (Summary Of The Investments In Unconsolidated Joint Ventures And Entities) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Total investments

$ 5,304

$ 5,071

^[1]

Rialto Cinemas [Member]

Schedule of Equity Method Investments [Line Items]

Interest

50.00%

Total investments

$ 1,186

1,197

Mt. Gravatt [Member]

Schedule of Equity Method Investments [Line Items]

Interest

33.30%

Total investments

$ 4,118

$ 3,874

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Investments In Unconsolidated Joint Ventures (Summary Of Equity Earnings (Loss) From Investments In Unconsolidated Joint Ventures And Entities) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Schedule of Equity Method Investments [Line Items]

Rialto Distribution [Member]

$ 815

$ 999

^[1]

$ 1,204

^[1]

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Method Investments [Line Items]

Rialto Cinemas [Member]

Schedule of Equity Method Investments [Line Items]

194

136

Mt. Gravatt [Member]

$ 726

$ 805

$ 1,046

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Goodwill And Intangible Assets (Narrative) (Details) - USD ($)

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Intangible assets amortization

Goodwill impairment

$ 0

1,700,000

1,900,000

$ 1,700,000

Beneficial Leases [Member]

8,542,000

10,037,000

^[1]

$ 5,568,000

6,801,000

Trade Name [Member]

Intangible assets estimated useful life

45 years

Other Intangible Assets [Member]

$ 2,318,000

2,620,000

Intangible assets estimated useful life

30 years

Maximum [Member] | Beneficial Leases [Member]

$ 656,000

616,000

Intangible assets estimated useful life

30 years

Liquor Licenses [Member]

Foreign currency translation adjustment

$ 421,000

$ 389,000

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Goodwill And Intangible Assets (Summary Of Goodwill) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Goodwill [Line Items]

Beginning balance

$ 19,828

^[1]

$ 19,715

448

113

Ending balance

20,276

19,828

^[1]

Cinema [Member]

Goodwill [Line Items]

Beginning balance

14,604

14,491

Foreign currency translation adjustment

448

113

Ending balance

15,052

14,604

Real Estate [Member]

Goodwill [Line Items]

Beginning balance

5,224

Foreign currency translation adjustment

Ending balance

$ 5,224

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Goodwill And Intangible Assets (Summary Of Intangible Assets Other Than Goodwill) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

$ 37,253

$ 37,009

(28,711)

(26,972)

Beneficial Leases [Member]

8,542

10,037

^[1]

28,860

28,671

(23,292)

(21,870)

5,568

6,801

Trade Name [Member]

7,254

(4,936)

(4,634)

Other Intangible Assets [Member]

2,318

2,620

1,139

1,084

(483)

(468)

Investment in marketable securities

$ 656

$ 616

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Goodwill And Intangible Assets (Schedule Of Estimated Amortization Expense) (Details) $ in Thousands	Dec. 31, 2017 USD ($)
Goodwill And Intangible Assets [Abstract]
2018	$ 1,691
2019	1,270
2020	809
2021	802
2022	802
Thereafter	2,747
Total future amortization expense	$ 8,121

Prepaid And Other Assets (Summary Of Prepaid And Other Assets) (Details) - USD ($)

Dec. 31, 2017

Dec. 31, 2016

Feb. 05, 2007

Prepaid And Other Assets [Abstract]

Prepaid expenses

$ 1,625,000

$ 981,000

Prepaid taxes

653,000

1,622,000

Prepaid rent

1,055,000

1,237,000

Income taxes receivable

1,686,000

1,476,000

Deposits

243,000

404,000

Restricted cash

17,000

46,000

50,000

Total prepaid and other current assets

5,325,000

5,787,000

^[1]

Recoverable asset

^[2]

9,480,000

Other non-cinema and non-rental real estate assets

1,134,000

Investment in Reading International Trust I

838,000

$ 1,500,000

Interest rate cap at fair value

1,000

Straight-line rent asset

2,564,000

2,457,000

Long-term deposits

7,000

39,000

Total non-current assets

$ 4,543,000

$ 13,949,000

^[1]

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[2]	Refer to Note 19 - Insurance Recoveries on Impairment and Related Losses due to Earthquake for details on the estimation of the demolition costs for our Courtenay Central parking structure.

Income Taxes (Narrative) (Details) - USD ($)

1 Months Ended

12 Months Ended

Dec. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

One-time mandatory repatriation tax

Federal tax rate

35.00%

Provisional tax expense

$ 13,000,000

Net deferred tax assets

8,300,000

4,700,000

Valuation allowance

$ 6,870,000

^[1]

6,870,000

^[1]

$ 10,593,000

Increase (decrease) to unrecognized tax interest

939,000

^[1]

939,000

^[1]

1,690,000

203,000

400,000

Unrecognized tax interest

9,100,000

8,900,000

Impact of effective tax rate if recognized

3,100,000

9,900,000

Uncertain tax position probable changes in next 12 months

1,500,000

$ 500,000

Advanced to Overseas Subsidiary

(7,620,000)

Puerto Rico Subsidiary [Member]

Reversed withholding tax reserve

7,800,000

Scenario, Actual [Member]

Federal tax rate

21.00%

939,000

New Zealand [Member]

8,400,000

New York State [Member]

43,700,000

New York City [Member]

$ 43,800,000

[1]	We recorded an adjustment to our federal deferred income tax assets and liabilities as of December 31, 2017 to reflect the reduction in the U.S. statutory federal corporate income tax rate from 35% to 21% resulting from the Tax Act.

Income Taxes (Schedule Of Income (Loss) Before Income Tax Expense) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Income before income taxes and equity earnings of unconsolidated joint ventures

$ 33,532

$ 12,438

^[1]

$ 26,975

^[1]

Equity earnings and gain on sale of unconsolidated subsidiary

815

999

^[1]

1,204

^[1]

34,347

13,437

28,179

Income before income taxes and equity earnings of unconsolidated joint ventures

(5,143)

(1,886)

3,826

Foreign [Member]

Income before income taxes and equity earnings of unconsolidated joint ventures

38,675

14,324

23,149

Equity earnings and gain on sale of unconsolidated subsidiary

$ 815

$ 999

$ 1,204

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Income Taxes (Schedule Of Significant Components Of Provision For Income Taxes) (Details) - USD ($)

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Current income tax expense (benefit), Federal

^[1]

$ (7,846,000)

$ 2,982,000

$ 481,000

Current income tax expense (benefit), State

775,000

675,000

516,000

Current income tax expense (benefit), Foreign

7,079,000

4,685,000

3,120,000

Total current income tax expense (benefit)

8,000

8,342,000

4,117,000

Deferred income tax expense (benefit), Federal

3,654,000

(4,197,000)

612,000

Deferred income tax expense (benefit), State

(2,351,000)

(422,000)

(940,000)

Deferred income tax expense (benefit), Foreign

2,026,000

297,000

1,359,000

Total deferred income tax expense (benefit)

3,329,000

(4,322,000)

1,031,000

Total income tax expense (benefit)

3,337,000

$ 4,020,000

^[2]

$ 5,148,000

^[2]

Unrecognzied tax benefits and related interest

$ 7,785

[1]	The 2017 amount includes a federal tax benefit of $7,785 related to changes in unrecognized tax benefits and related interest.
[2]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Income Taxes (Schedule Of Components Of Deferred Tax Assets And Liabilities) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Net operating loss carry forwards

$ 8,579

^[1]

$ 11,940

Alternative minimum tax credit carry-forwards

939

^[1]

1,690

Compensation and employee benefits

4,146

^[1]

6,221

Deferred revenue

2,500

^[1]

5,486

Accrued expenses

6,178

^[1]

7,134

Accrued taxes

2,440

^[1]

3,381

Land and property

8,457

^[1]

12,857

Total Deferred Tax Assets

107

^[1]

995

33,346

^[1]

49,704

Intangibles

(1,087)

^[1]

(1,482)

Cancellation of indebtedness

(481)

^[1]

(1,559)

Notes receivable

(7,403)

Total Deferred Tax Liabilities

(1,568)

^[1]

(10,444)

Net deferred tax assets before valuation allowance

31,778

^[1]

39,260

Valuation allowance

(6,870)

^[1]

(10,593)

Net deferred tax asset

$ 24,908

^[1]

$ 28,667

Federal tax rate

35.00%

[1]	We recorded an adjustment to our federal deferred income tax assets and liabilities as of December 31, 2017 to reflect the reduction in the U.S. statutory federal corporate income tax rate from 35% to 21% resulting from the Tax Act.

Income Taxes (Schedule Of Income Tax Reconciliation Items) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Foreign tax rate differential

Expected tax provision

$ 12,022

$ 4,566

$ 9,581

(2,153)

(648)

(654)

Change in valuation allowance

(905)

129

1,531

State and local tax provision

(541)

307

1,133

Prior year adjustments

(79)

(954)

(514)

Unrecognized tax benefits

(8,498)

262

946

Advanced to Overseas Subsidiary

(7,620)

Impact of Tax Act

13,018

Non-taxable insurance proceeds

(1,871)

Indefinite reinvestment assertion

(3,089)

State rate and law change

(3,635)

(36)

358

(151)

Actual tax provision

$ 3,337

$ 4,020

^[1]

$ 5,148

^[1]

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Income Taxes (Summary Of The Activity Related To Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Abstract]
Unrecognized tax benefits – gross beginning balance	$ 11,480	$ 11,022	$ 3,760
Gross increase (decrease) - prior year tax positions	(7,905)	133	6,679
Gross increase (decrease) – current period tax positions		325	583
Settlements	(452)
Unrecognized tax benefits – gross ending balance	$ 3,123	$ 11,480	$ 11,022

Borrowings (Trust Preferred Securities) (Narrative) (Details) $ in Millions						1 Months Ended	12 Months Ended
	Dec. 23, 2015 AUD ($)	May 01, 2012	Apr. 30, 2009 USD ($)	Dec. 31, 2008 USD ($)	Feb. 05, 2007 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2009 USD ($)	Dec. 31, 2008 USD ($)	Dec. 31, 2014 USD ($)	Mar. 31, 2009 USD ($)
Debt Instrument [Line Items]
Trust preferred securities issued					$ 51,500,000
Trust preferred securities issued to third party					50,000,000
Trust preferred securities issued to parent					1,500,000
Investment in common trust securities					1,500,000		$ 838,000	$ 838,000
Trust preferred dividends paid							1,400,000	1,400,000	$ 1,400,000
Preferred stock dividends payable							$ 250,000	$ 184,000
Marketable securities													$ 11,500,000
Amortization of debt discount	$ 2.0
Trust Preferred Securities [Member]
Debt Instrument [Line Items]
Trust preferred securities					$ 51,500,000								$ 22,900,000
Debt instrument term					20 years
Initial interest rate		9.22%
Period of initial interest rate		5 years
LIBOR period		3 months
Spread over LIBOR		4.00%
Maturity date							Apr. 30, 2027	Apr. 30, 2027
Principal payment							$ 0
Initial period of payoff restriction							5 years
Percentage of principal that may be paid without penalty after initial restriction period							100.00%
Period of waiver on all financial covenants											9 years
Financial covenant waiver payment due				$ 1,600,000							$ 1,600,000	$ 270,000
Financial covenant waiver payment				$ 1,100,000		$ 270,000
Frequency of interest payment							3 months
Extinguishment of debt			$ 22,900,000
Amortization of debt discount										$ 106,000
Gain on retirement of subordinated debt			10,700,000
Write-off of deferred loan costs			$ 749,000

Borrowings (Bank Of America Credit Facility) (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 03, 2016	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Contractual facility		$ 271,732	$ 266,134
US Bank Of America Credit Facility [Member]
Debt Instrument [Line Items]
Contractual facility	$ 55,000	$ 55,000	$ 55,000
Reduced leverage ratio	0.25%
Earliest period subjected to repayment of borrowings		18 months

Borrowings (Bank Of America Line Of Credit) (Narrative) (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
US Bank Of America Line Of Credit [Member]
Debt Instrument [Line Items]
Maturity date	Oct. 31, 2019	Oct. 31, 2017

Borrowings (Cinemas 1, 2, 3 Term Loan And Line Of Credit) (Narrative) (Details)
$ in Thousands

12 Months Ended

Aug. 31, 2016

USD ($)

Dec. 31, 2017

USD ($)

item

Dec. 31, 2016

USD ($)

$ 271,732

$ 266,134

US Cinema 1, 2, 3 Term Loan And Line Of Credit [Member]

75.00%

$ 15,000

$ 19,500

^[1]

$ 19,901

^[2]

Sep. 01, 2019

^[1]

Sep. 01, 2019

^[2]

Line of credit facility, maximum borrowing capacity

3.25%

$ 20,000

Number of extension options | item

US Cinema 1, 2, 3 Term Loan And Line Of Credit [Member] | Sutton Hill Properties, LLC [Member]

75.00%

$ 15,000

[1]

In June 2017 we received $1.5M in additional financing on our new U.S. Corporate Headquarters with Citizens Asset Finance, Inc. due to the reappraisal of the property.

[2]

The loan for our Minetta & Orpheum Theatres was obtained from Santander Bank. The term loan for our Cinema 1,2,3 Theatre was refinanced during the third quarter of 2016 with Valley National Bank. The term loan, which is collateralized by our new U.S Corporate Headquarters office building, was obtained with Citizens Asset Finance, Inc. In December 2016, we successfully negotiated the construction financing for our Union Square redevelopment project, $8.0 million of which was advanced from the total construction loan limit of $57.5 million.

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

12 Months Ended

May 29, 2013

Dec. 31, 2017

Dec. 31, 2016

^[2]

Minetta and Orpheum Theatres Term Loan [Member]

$ 134,505

$ 7,500

Jun. 01, 2018

^[1]

Jun. 01, 2018

Spread over LIBOR

2.75%

[1]

In June 2017 we received $1.5M in additional financing on our new U.S. Corporate Headquarters with Citizens Asset Finance, Inc. due to the reappraisal of the property.

[2]

Borrowings (Union Square Construction Financing) (Narrative) (Details) $ in Thousands		12 Months Ended
	Dec. 29, 2016 USD ($) loan	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Debt Instrument [Line Items]
Contractual facility		$ 271,732	$ 266,134
Union Square Construction Financing [Member]
Debt Instrument [Line Items]
Contractual facility	$ 57,500	57,500
Advanced-to-Date		8,000
Facility Limit		57,500
Union Square Construction Financing [Member] \| Bank Of The Ozarks [Member]
Debt Instrument [Line Items]
Number of loan tranches \| loan	3
Union Square Construction Financing [Member] \| Bank Of The Ozarks [Member] \| Senior Loan [Member]
Debt Instrument [Line Items]
Advanced-to-Date		8,000	8,000
Facility Limit		8,000	8,000
Union Square Construction Financing [Member] \| Tammany Mezz Investor, LLC [Member] \| Mezzanine Loan [Member]
Debt Instrument [Line Items]
Contractual facility			$ 7,500
Facility Limit		$ 7,500

Borrowings (U.S. Corporate Office Term Loan) (Narrative) (Details) - USD ($)
$ in Thousands

12 Months Ended

Jun. 26, 2017

Dec. 31, 2017

Dec. 31, 2016

U.S. Corporate Office Term Loan [Member]

$ 271,732

$ 266,134

Debt instrument term

10 years

$ 9,719

^[1]

$ 8,363

^[2]

4.44%

4.64%

Debt increase

$ 1,500

[1]

In June 2017 we received $1.5M in additional financing on our new U.S. Corporate Headquarters with Citizens Asset Finance, Inc. due to the reappraisal of the property.

[2]

Borrowings (Australian NAB Corporate Loan Facility) (Narrative) (Details) $ in Millions, $ in Millions		12 Months Ended
	Dec. 23, 2015 AUD ($)	Dec. 31, 2017	Dec. 23, 2015 USD ($)
Debt Instrument [Line Items]
Amortization of debt discount	$ 2.0
Bank Guarantee Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5.0		$ 3.6
Facility fee	1.90%
Australian NAB Corporate Loan Facility Tier 1 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 61.3
Spread on variable interest rate	2.35%
Australian NAB Corporate Loan Facility Tier 2 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 10.0
Spread on variable interest rate	1.50%
Australian NAB Corporate Loan Facility Tier 3 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5.0
Revolving Corporate Markets Loan Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 66.5		$ 48.1
Spread on variable interest rate	0.95%
Facility fee		0.95%
Maturity date		Jun. 30, 2019

Borrowings (New Zealand Westpac Bank Corporate Credit Facility) (Narrative) (Details) $ in Thousands, $ in Millions				1 Months Ended			12 Months Ended
	Apr. 26, 2017 NZD ($)	Apr. 26, 2017 USD ($)	May 21, 2015 NZD ($)	Oct. 31, 2016 NZD ($)	Oct. 31, 2016 USD ($)	Sep. 30, 2016 USD ($)	Dec. 31, 2017 USD ($) item	Dec. 31, 2016 NZD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 NZD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2007	Dec. 31, 2016 USD ($)	May 21, 2015 USD ($)
Debt Instrument [Line Items]
Contractual facility							$ 271,732		$ 266,134
Previous New Zealand Corporate Credit Facility [Member]
Debt Instrument [Line Items]
Contractual facility			$ 50.0
Maturity date							Mar. 31, 2018
Number of tranches \| item							2
Contractual facility														$ 34,200
Debt Instrument, Interest Rate, Stated Percentage														1.75%
Westpac Bank Corporate Credit Facility, Tranch 1 [Member]
Debt Instrument [Line Items]
Line of credit facility, increase in maximum borrowing capacity				$ 3.0	$ 2,100
Contractual facility	$ 53.0	$ 37,600		$ 50.0	$ 34,800					$ 35.0	$ 23,900
Maturity date	Mar. 31, 2018	Mar. 31, 2018					Dec. 31, 2019					Dec. 31, 2018
Contractual facility								$ 53.0					$ 36,900
Westpac Bank Corporate Credit Facility, Tranch 2 [Member]
Debt Instrument [Line Items]
Contractual facility						$ 10,400		$ 18.0	$ 12,500	$ 15.0	$ 10,300

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

12 Months Ended

Jun. 26, 2017

Dec. 29, 2016

Aug. 31, 2016

Mar. 03, 2016

Dec. 31, 2017

Dec. 31, 2016

$ 271,732

$ 266,134

134,501

148,535

Deferred financing costs, net

130,525

^[1]

143,614

^[2]

$ 4,000

$ 4,900

Trust Preferred Securities [Member]

Apr. 30, 2027

$ 27,913

27,913

$ 27,554

^[1]

$ 27,340

^[2]

5.38%

4.89%

US Bank Of America Credit Facility [Member]

5.38%

^[3]

5.20%

^[4]

Nov. 28, 2019

$ 55,000

31,000

39,950

$ 31,000

^[1]

$ 39,759

^[2]

4.57%

3.27%

US Bank Of America Line Of Credit [Member]

4.57%

^[3]

3.90%

^[4]

Oct. 31, 2019

Oct. 31, 2017

$ 5,000

4.57%

3.77%

US Cinema 1, 2, 3 Term Loan And Line Of Credit [Member]

4.57%

^[3]

3.77%

^[4]

Sep. 01, 2019

^[5]

Sep. 01, 2019

^[6]

$ 15,000

$ 19,500

^[5]

$ 19,901

^[6]

19,500

^[5]

19,901

^[6]

$ 19,105

^[1],[5]

$ 19,356

^[2],[6]

3.25%

^[5]

3.25%

^[6]

Minetta and Orpheum Theatres Term Loan [Member]

3.25%

^[3],[5]

3.25%

^[4],[6]

Jun. 01, 2018

^[5]

Jun. 01, 2018

^[6]

$ 7,500

^[5]

$ 7,500

^[6]

7,500

^[5]

7,500

^[6]

$ 7,470

^[1],[5]

$ 7,398

^[2],[6]

4.13%

^[5]

3.38%

^[6]

U.S. Corporate Office Term Loan [Member]

4.13%

^[3],[5]

3.38%

^[4],[6]

Jan. 01, 2027

^[5]

Jan. 01, 2027

^[6]

$ 9,719

^[5]

$ 8,363

^[6]

9,719

^[5]

8,363

^[6]

$ 9,582

^[1],[5]

$ 8,239

^[2],[6]

^[6]

4.64%

Union Square Construction Financing [Member]

4.61%

^[3],[5]

4.64%

^[4],[6]

Debt increase

$ 1,500

Dec. 29, 2019

$ 57,500

8,000

^[1]

$ 5,033

5.81%

US Union Square Theatre Term Loan [Member]

^[3]

5.81%

^[6]

Dec. 29, 2019

^[6]

$ 57,500

^[6]

8,000

^[2],[6]

$ 4,751

^[6]

4.52%

NAB Corporate Term Loan [Member]

^[4],[6]

4.52%

Jun. 30, 2019

^[7]

Jun. 30, 2019

^[8]

$ 51,970

^[7]

$ 48,080

^[8]

30,869

^[7]

28,558

^[8]

$ 30,781

^[1],[7]

$ 28,421

^[2],[8]

3.66%

^[7]

2.64%

^[8]

Westpac Bank Corporate Credit Facility [Member]

3.66%

^[3],[7]

2.64%

^[4],[8]

^[8]

Mar. 31, 2018

^[8]

$ 36,877

^[8]

8,350

^[2],[8]

$ 8,350

^[8]

3.80%

Westpac Bank Corporate (General/Non-construction) Credit Facility [Member]

^[4],[8]

3.80%

^[7]

Dec. 31, 2019

^[7]

$ 24,850

^[7]

3.70%

Westpac Bank Corporate (Construction) Credit Facility [Member]

^[3],[7]

3.70%

^[7]

Dec. 31, 2019

^[7]

$ 12,780

^[7]

3.70%

^[3],[7]

3.70%

[1]	Net of deferred financing costs amounting to $4.0 million.
[2]	Net of deferred financing costs amounting to $4.9 million.
[3]	Both interest rate derivatives associated with the Trust Preferred Securities and Bank of America Credit Facility expired in October 2017 so the effective interest rate no longer applies as of December 31, 2017.
[4]	Effective interest rate includes the impact of interest rate derivatives hedging the interest rate risk associated with Trust Preferred Securities and Bank of America Credit Facility that were outstanding as of December 31, 2016.
[5]	In June 2017 we received $1.5M in additional financing on our new U.S. Corporate Headquarters with Citizens Asset Finance, Inc. due to the reappraisal of the property.
[6]	The loan for our Minetta & Orpheum Theatres was obtained from Santander Bank. The term loan for our Cinema 1,2,3 Theatre was refinanced during the third quarter of 2016 with Valley National Bank. The term loan, which is collateralized by our new U.S Corporate Headquarters office building, was obtained with Citizens Asset Finance, Inc. In December 2016, we successfully negotiated the construction financing for our Union Square redevelopment project, $8.0 million of which was advanced from the total construction loan limit of $57.5 million.
[7]	The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollars based on exchange rates as of December 31, 2017.
[8]	The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollar based on exchange rates as of December 31, 2016.

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

Dec. 31, 2017

Dec. 31, 2016

Borrowings [Abstract]

Debt – current portion

$ 8,109

$ 567

^[1]

Debt – long-term portion

94,862

115,707

^[1]

Maximum [Member] | New York State [Member]

27,554

27,340

^[1]

Total borrowings

$ 130,525

^[2]

$ 143,614

^[3]

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[2]	Net of deferred financing costs amounting to $4.0 million.
[3]	Net of deferred financing costs amounting to $4.9 million.

Borrowings (Schedule of Construction Financing) (Details)
$ in Thousands

12 Months Ended

Dec. 31, 2017

USD ($)

item

Dec. 31, 2016

USD ($)

Union Square Construction Financing [Member]

16.00%

Number of extension options | item

$ 57,500

8,000

$ 49,500

Dec. 29, 2019

Extension period

1 year

Union Square Construction Financing [Member] | Tammany Mezz Investor, LLC [Member] | Mezzanine Loan [Member]

Union Square Construction Financing [Member] | Bank Of The Ozarks [Member] | Senior Loan [Member]

$ 7,500

$ 7,500

10.00%

^[1]

Dec. 29, 2019

Union Square Construction Financing [Member] | Bank Of The Ozarks [Member] | Building Loan [Member]

$ 8,000

$ 8,000

4.25%

^[1]

Dec. 29, 2019

Union Square Construction Financing [Member] | Bank Of The Ozarks [Member] | Project Loan [Member]

$ 31,130

$ 31,130

4.25%

^[1]

Dec. 29, 2019

Union Square Construction Financing [Member] | Minimum [Member] | Tammany Mezz Investor, LLC [Member] | Mezzanine Loan [Member]

$ 10,870

$ 10,870

4.25%

^[1]

Dec. 29, 2019

Union Square Construction Financing [Member] | Minimum [Member] | Bank Of The Ozarks [Member] | Senior Loan [Member]

10.50%

Union Square Construction Financing [Member] | Minimum [Member] | Bank Of The Ozarks [Member] | Building Loan [Member]

4.75%

Union Square Construction Financing [Member] | Minimum [Member] | Bank Of The Ozarks [Member] | Project Loan [Member]

4.75%

4.75%

[1]	Allowable for up to two (2) extension request options, one (1) year for each extension request.

Borrowings (Schedule Of Future Principal Loan Payments) (Details) $ in Thousands	Dec. 31, 2017 USD ($)
Borrowings [Abstract]
2018	$ 8,139
2019	89,190
2020	248
2021	258
2022	270
Thereafter	36,400
Total	$ 134,505

Pension And Other Liabilities (Narrative) (Details) - USD ($)

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Aug. 29, 2014

$ 264,724,000

$ 211,886,000

^[1]

Beneift obligation, gross

^[2]

5,900,000

Accrued pension costs

5,228,000

^[3]

5,732,000

^[3]

$ 7,500,000

$ 10,200,000

Discount rate

4.25%

Discount term

15 years

Monthly estate payment amount

$ 56,944

Discounted value

2,700,000

Accumulated prior service cost

$ 3,100,000

Accumulated prior service cost amortization period

15 years

Accrued pension costs included in other liabilities

$ 8,100,000

8,000,000

Service cost

$ 0

Sutton Hill Capital, LLC [Member]

10 years

Jun. 30, 2020

Purchase option

$ 5,900,000

4,700,000

Cinema Ground Lease [Member]

$ 5,900,000

Chief Executive Officer [Member]

Jun. 01, 2031

Estimated amortization of prior service cost next fiscal year

$ 207,000

Supplemental Executive Retirement Plans [Member]

Liability for demolition and remediation costs

Accrued pension costs

$ 7,600,000

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[2]	Represents the lease liability of the option associated with the ground lease purchase of the Village East Cinema. See below for more information.
[3]	Represents the pension liability associated with the Supplemental Executive Retirement Plan explained below.

Pension And Other Liabilities (Summary Of Other Liabilities Including Pension) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Aug. 29, 2014

Other Liabilities [Abstract]

^[1]

$ 2,781

$ 5,914

Lease liability

^[2]

5,900

Accrued pension

^[3]

2,907

2,223

Security deposit payable

Straight-line rent liability

11,679

14,131

^[4]

13,444

12,413

Accrued pension

5,228

^[3]

5,732

^[3]

$ 7,500

Lease make-good provision

5,648

5,146

$ 5,228

Environmental reserve

1,656

Interest rate swap

Deferred revenue - real estate

4,398

Acquired leases

186

267

469

495

$ 26,649

$ 30,165

^[4]

[1]	Refer to Note 19 - Insurance Recoveries on Impairment and Related Losses due to Earthquake for details on the estimation of the demolition costs for our Courtenay Central parking structure.
[2]	Represents the lease liability of the option associated with the ground lease purchase of the Village East Cinema. See below for more information.
[3]	Represents the pension liability associated with the Supplemental Executive Retirement Plan explained below.
[4]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Pension And Other Liabilities (Schedule Of Change In Pension Benefit Obligation And Funded Status) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Pension And Other Liabilities [Abstract]
Benefit obligation at beginning of period	$ 7,955	$ 7,775
Interest cost	180	180
Actuarial gain
Benefit obligation at end of period	8,135	7,955
Funded status at end of period	$ (8,135)	$ (7,955)

Pension And Other Liabilities (Schedule Of Pension Benefit Obligation Recognized In Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Pension And Other Liabilities [Abstract]
Current liabilities	$ 2,907	$ 2,223
Other liabilities - Non current	5,228	5,732
Total pension liability	$ 8,135	$ 7,955

Pension And Other Liabilities (Schedule Of The Components Of Net Periodic Benefit Cost And Other Amounts Recognized In Other Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Pension And Other Liabilities [Abstract]
Interest cost	$ 180	$ 180
Amortization of net actuarial gain	127	129
Net periodic benefit cost	307	309
Amortization of net loss	(127)	(129)
Total recognized in other comprehensive income	(127)	(129)
Total recognized in net periodic benefit costs and other comprehensive income	$ 180	$ 180

Pension And Other Liabilities (Schedule Of Items Not Recognized As A Component Of Net Periodic Pension Cost) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Pension And Other Liabilities [Abstract]
Unamortized actuarial loss	$ 2,592	$ 2,719
Accumulated other comprehensive loss	$ 2,592	$ 2,719

Pension And Other Liabilities (Schedule Of Expected Benefit Payments) (Details) $ in Thousands	Dec. 31, 2017 USD ($)
Pension And Other Liabilities [Abstract]
2018	$ 2,907
2019	684
2020	684
2021	684
2022	684
Thereafter	2,492
Total pension payments	$ 8,135

Pension And Other Liabilities (Schedule Of Reconciliation Of The Lease Make-Good Provision) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Pension And Other Liabilities [Abstract]
Lease make-good provision, Beginning balance	$ 5,146	$ 5,228
Liabilities incurred during the year		35
Liabilities settled during the year		(365)
Accretion expense	282	262
Effect of changes in foreign currency	220	(14)
Lease make-good provision, Ending balance	$ 5,648	$ 5,146

Commitments And Contingencies (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	2 Months Ended	12 Months Ended
	Apr. 30, 2016	Dec. 31, 2017	Dec. 31, 2017	Feb. 08, 2017	Aug. 03, 2016	May 31, 2016
Tax Audit/Litigation [Member]
Commitments And Contingencies [Line Items]
Income tax obligation		$ 2.8	$ 2.8
Cotter, Jr. Related Litigation Matters [Member]
Commitments And Contingencies [Line Items]
Amount of damages claimed by plaintiff		1.2	1.2
Litigation expense		$ 1.7	4.0
Coverage limit			$ 10.0
The STOMP Arbitration [Member]
Commitments And Contingencies [Line Items]
Settlement awarded	$ 2.3
Litigation interest percent	4.00%
Cotter Trust [Member] \| Cotter, Jr. Related Litigation Matters [Member]
Commitments And Contingencies [Line Items]
Share price				$ 18.50
Ellen Cotter And Margaret Cotter [Member] \| Cotter, Jr. Related Litigation Matters [Member]
Commitments And Contingencies [Line Items]
Outstanding voting stock percent			71.90%
Class B [Member] \| Cotter, Jr. Related Litigation Matters [Member]
Commitments And Contingencies [Line Items]
Shares held by estate					100,000
Class B [Member] \| Cotter Estate [Member] \| Cotter, Jr. Related Litigation Matters [Member]
Commitments And Contingencies [Line Items]
Shares held by estate		427,808	427,808			327,808
Class B [Member] \| Cotter Estate [Member] \| Cotter, Jr. Related Litigation Matters [Member] \| Maximum [Member]
Commitments And Contingencies [Line Items]
Additional voting stock that may be awarded			25.50%
Class B [Member] \| Cotter Trust [Member] \| Cotter, Jr. Related Litigation Matters [Member]
Commitments And Contingencies [Line Items]
Shares held by estate		696,080	696,080			696,080
Voting stock percent			41.40%
Class B [Member] \| Cotter Voting Trust [Member] \| Cotter, Jr. Related Litigation Matters [Member]
Commitments And Contingencies [Line Items]
Voting stock percent			66.90%

Non-controlling Interests (Narrative) (Details)	Dec. 31, 2017
Australian Country Cinemas, Pty Ltd [Member]
Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling interest	25.00%
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling interest	25.00%
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling interest	50.00%
Sutton Hill Capital, LLC [Member]
Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling interest	50.00%

Non-controlling Interests (Components Of Non-controlling Interests) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	$ 4,331	$ 4,418
Australian Country Cinemas, Pty Ltd [Member]
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	138	264
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	2,066	2,174
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	$ 2,127	$ 1,980

Non-controlling Interests (Components Of Income/(Loss) Attributable To Non-controlling Interest) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Net income (loss) attributable to non-controlling interests in consolidated subsidiaries

$ 11

$ 14

^[1]

$ (79)

^[1]

Australian Country Cinemas, Pty Ltd [Member]

Net income (loss) attributable to non-controlling interests in consolidated subsidiaries

164

140

126

Net income (loss) attributable to non-controlling interests in consolidated subsidiaries

(108)

(68)

(128)

Shadow View Land And Farming, LLC [Member]

Net income (loss) attributable to non-controlling interests in consolidated subsidiaries

$ (45)

$ (58)

$ (77)

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Shared-Based Compensation and Share Repurchases Plans (Narrative) (Details) - USD ($)			3 Months Ended	12 Months Ended
	Nov. 07, 2017	May 16, 2014	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Mar. 02, 2017
Equity And Stock-Based Compensation [Line Items]
Unrecognized estimated compensation cost related to non-vested stock options granted			$ 878,000	$ 878,000
Recognition period of unrecognized compensation cost				1 year 10 months 28 days
Intrinsic unrealized value of all options outstanding, vested and expected to vest			2,202,772,000	$ 2,202,772,000	$ 2,584,500,000	$ 1,401,321,000
Proceeds from the exercise of stock option				52,000	146,000	492,000
Stock Option [Member]
Equity And Stock-Based Compensation [Line Items]
Compensation expense				310,000	284,000	282,000
Proceeds from the exercise of stock option				574,000	146,000	$ 3,000,000
Restricted Stock Units (RSUs) [Member]
Equity And Stock-Based Compensation [Line Items]
Compensation expense				668,000	$ 396,000
Unrecognized estimated compensation cost related to non-vested stock options granted			852,000	$ 852,000
Restricted Stock Units (RSUs) [Member] \| Director [Member]
Equity And Stock-Based Compensation [Line Items]
Vesting period of stock options and RSU				1 year
Percentage of shares vested				100.00%
Restricted Stock Units (RSUs) [Member] \| Management [Member]
Equity And Stock-Based Compensation [Line Items]
Vesting period of stock options and RSU				4 years
Percentage of shares vested				25.00%
2014 Stock Repurchase Plan [Member]
Equity And Stock-Based Compensation [Line Items]
Repurchase program, amount authorized		$ 10,000,000
Repurchase program, shares authorized		350,000
Share price		$ 11.74
Class A [Member]
Equity And Stock-Based Compensation [Line Items]
Repurchase program, remaining amount authorized			18,500,000	$ 18,500,000
Shares granted				169,762	169,327	112,000
Class A [Member] \| 2017 Stock Repurchase Plan [Member]
Equity And Stock-Based Compensation [Line Items]
Repurchase value			$ 6,500,000	$ 6,500,000
Repurchase program, amount authorized								$ 25,000,000
Share price				$ 15.92
Class A [Member] \| James Cotter Jr. [Member]
Equity And Stock-Based Compensation [Line Items]
Stock options terminated				50,000
2010 Stock Incentive Plan [Member]
Equity And Stock-Based Compensation [Line Items]
Additional shares authorized	947,460
Common Stock shares remaining for future issuances							302,540
Repurchase program, shares authorized							302,540
2010 Stock Incentive Plan [Member] \| Class A Nonvoting Common Stock [Member]
Equity And Stock-Based Compensation [Line Items]
Common Stock authorized for issuance under 2010 Stock Incentive Plan			1,250,000	1,250,000
Common Stock shares remaining for future issuances			1,250,000	1,250,000
2010 Stock Incentive Plan [Member] \| Class A [Member]
Equity And Stock-Based Compensation [Line Items]
Shares granted			0
2010 Stock Incentive Plan [Member] \| Minimum [Member]
Equity And Stock-Based Compensation [Line Items]
Vesting period of stock options and RSU				0 years
2010 Stock Incentive Plan [Member] \| Maximum [Member]
Equity And Stock-Based Compensation [Line Items]
Vesting period of stock options and RSU				4 years

Shared-Based Compensation and Share Repurchases Plans (Schedule Of Fair Value Of Options, Weighted Average Assumptions) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Shared-Based Compensation and Share Repurchases Plans [Abstract]
Stock option exercise price	$ 15.94	$ 11.87	$ 13.30
Risk-free interest rate	1.66%	1.20%	2.23%
Expected option life in years	3 years 9 months	3 years 9 months	4 years
Expected volatility	24.95%	25.01%	31.86%
Weighted average fair value	$ 3.45	$ 2.49	$ 3.82

Shared-Based Compensation and Share Repurchases Plans (Schedule Of Stock Options Outstanding And Exercisable) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity And Stock-Based Compensation [Line Items]
Weighted Average Exercise Price of Options Outstanding, Granted	$ 15.94	$ 11.87	$ 13.30
Weighted Average Remaining Years of Contractual Life	3 years 1 month 24 days	2 years 7 months 10 days	2 years 10 months 21 days	2 years 4 months 24 days
Aggregate Intrinsic Value, Beginning balance	$ 3,615,191	$ 2,188,011	$ 4,197,000
Aggregate Intrinsic Value, Exercised	702,840	220,002	327,170
Aggregate Intrinsic Value, Ending balance	$ 3,054,325	$ 3,615,191	$ 2,188,011	$ 4,197,000
Class A [Member]
Equity And Stock-Based Compensation [Line Items]
Common Stock Options Outstanding, Beginning balance	535,077	486,565	568,250
Common Stock Options Outstanding, Granted	169,762	169,327	112,000
Common Stock Options Outstanding, Exercised	(177,750)	(46,815)	(185,685)
Common Stock Options Outstanding, Expired	(2,500)	(74,000)	(8,000)
Common Stock Options Outstanding, Ending balance	524,589	535,077	486,565	568,250
Weighted Average Exercise Price of Options Outstanding, Beginning price	$ 9.84	$ 8.68	$ 6.88
Weighted Average Exercise Price of Options Outstanding, Granted	15.94	11.87	13.30
Weighted Average Exercise Price of Options Outstanding, Exercised	7.85	9.50	6.09
Weighted Average Exercise Price of Options Outstanding, Expired	6.23	7.02	6.23
Weighted Average Exercise Price of Options Outstanding, Ending price	$ 12.50	$ 9.84	$ 8.68	$ 6.88
Class B [Member]
Equity And Stock-Based Compensation [Line Items]
Common Stock Options Outstanding, Beginning balance			185,100
Common Stock Options Outstanding, Granted
Common Stock Options Outstanding, Exercised			(185,100)
Common Stock Options Outstanding, Ending balance				185,100
Weighted Average Exercise Price of Options Outstanding, Beginning price			$ 9.90
Weighted Average Exercise Price of Options Outstanding, Exercised			$ 9.90
Weighted Average Exercise Price of Options Outstanding, Ending price				$ 9.90

Shared-Based Compensation and Share Repurchases Plans (Summary Of Vested And Unvested Stock Options) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Equity And Stock-Based Compensation [Line Items]
Weighted average remaining years of contractual life, Vested	2 years 3 months 18 days	1 year 7 months 2 days	2 years 1 month 21 days
Aggregate intrinsic value, Vested	$ 2,202,772	$ 2,584,500	$ 1,401,321
Weighted average remaining years of contractual life, Nonvested	3 years 7 months 13 days	3 years 10 months 13 days	3 years 8 months 19 days
Aggregate intrinsic value, Nonvested	$ 851,552	$ 1,030,691	$ 786,690
Class A [Member]
Equity And Stock-Based Compensation [Line Items]
Vested	186,832	296,500	256,065
Weighted average exercise price, Vested	$ 9.84	$ 7.88	$ 7.64
Unvested	337,757	238,577	230,500
Weighted average exercise price, Nonvested	$ 13.86	$ 12.28	$ 9.83

Shared-Based Compensation and Share Repurchases Plans (Schedule Of Restricted Stock Units Issued And Vested) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of options, Unvested	$ 851,552	$ 1,030,691	$ 786,690
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted	138,691
Number of options, Vesting	39,011
Number of options, Unvested	99,680
Value of options, Granted	$ 1,939,507
Value of options, Vesting	469,846
Value of options, Unvested	$ 1,469,661
Restricted Stock Units (RSUs) [Member] \| 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted		68,153
Number of options, Vesting		38,062
Number of options, Unvested		30,091
Value of options, Granted		$ 815,160
Value of options, Vesting		454,966
Value of options, Unvested		$ 360,193
Restricted Stock Units (RSUs) [Member] \| 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted	70,538
Number of options, Vesting	949
Number of options, Unvested	69,589
Value of options, Granted	$ 1,124,348
Value of options, Vesting	14,880
Value of options, Unvested	$ 1,109,467

Accumulated Other Comprehensive Income (Summary Of Accumulated Other Comprehensive Income) (Details)

12 Months Ended

Dec. 31, 2017

USD ($)

Accumulated Other Comprehensive Income (Loss) [Line Items]

$ 12,075,000

^[1]

8,916,000

Foreign Currency Items [Member]

20,991,000

Accumulated Other Comprehensive Income (Loss) [Line Items]

14,784,000

^[2]

8,791,000

^[2]

Net of income tax expense

23,575,000

^[2]

659,152

Unrealized Gain (Losses) On Available-For-Sale Investments [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

10,000

(2,000)

Accrued Pension Service Costs [Member]

8,000

Accumulated Other Comprehensive Income (Loss) [Line Items]

(2,719,000)

127,000

Net of income tax expense

(2,592,000)

$ 79,572

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[2]	Net of income tax expense of $659,152.

Fair Value Measurements (Narrative) (Details) - USD ($)	12 Months Ended
Fair Value Measurements (Narrative) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Fair Value Measurements [Abstract]
Transfers of assets and liabilities between level 1, 2, 3	$ 0	$ 0	$ 0

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

Dec. 31, 2017

Dec. 31, 2016

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

Financial liabilities total

$ 122,982

$ 136,451

Level 3 [Member]

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

Financial liabilities total

122,982

136,451

Debt, Current And Long-term Portion [Member]

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

Debt, Current And Long-term Portion [Member] | Level 3 [Member]

106,894

121,204

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

Subordinated Debt [Member]

106,894

121,204

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

Subordinated Debt [Member] | Level 3 [Member]

16,088

15,247

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

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

16,088

15,247

Carrying Value

Financial liabilities total

^[1]

134,501

148,535

Carrying Value | Debt, Current And Long-term Portion [Member]

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

Carrying Value | Subordinated Debt [Member]

^[1]

106,588

120,622

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

Operating Leased Assets [Line Items]

^[1]

$ 27,913

[1]	These balances are presented gross of deferred financing costs.

Leases (Narrative) (Details)

12 Months Ended

Dec. 31, 2017

USD ($)

Dec. 31, 2016

NZD ($)

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

^[1]

Real estate revenue

$ 16,270,000

$ 13,551,000

^[1]

$ 15,042,000

Accrued debt

$ 500,000

348,000

Total debt of unconsolidated joint ventures and entities

1,500,000

$ 1,000,000

Share of unconsolidated debt, based on ownership percentage

$ 500,000

Operating Leased Assets [Line Items]

Operating Leased Assets [Line Items]

1 year

Maximum [Member]

35 years

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).

Leases (Schedule Of Future Minimum Rental Income Under Operating Leases) (Details) $ in Thousands	Dec. 31, 2017 USD ($)
Leases [Abstract]
2018	$ 9,583
2019	8,692
2020	7,200
2021	6,599
2022	5,807
Thereafter	16,986
Total future minimum rental income	$ 54,867

Leases (Schedule Of Base And Contingent Rental Expenses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Leases [Abstract]
Base rent expense	$ 31,630	$ 29,824	$ 30,565
Contingent rental expense	2,505	1,484	1,848
Total cinema rent expense	$ 34,135	$ 31,308	$ 32,413

The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved.

+ References + Details

Leases (Schedule Of Future Minimum Lease Payments Under Non-Cancelable Operating Leases) (Details) $ in Thousands	Dec. 31, 2017 USD ($)
Operating Leased Assets [Line Items]
2018	$ 31,609
2019	31,554
2020	26,675
2021	26,407
2022	7,840
Thereafter	206,733
Total minimum lease payments	330,818
Ground Lease [Member]
Operating Leased Assets [Line Items]
2018	3,629
2019	3,717
2020	2,792
2021	2,730
2022	2,771
Thereafter	20,823
Total minimum lease payments	36,462
Premises Lease [Member]
Operating Leased Assets [Line Items]
2018	27,980
2019	27,837
2020	23,883
2021	23,677
2022	5,069
Thereafter	185,910
Total minimum lease payments	$ 294,356

Related Parties (Narrative) (Details) - USD ($)

12 Months Ended

Aug. 31, 2016

Jan. 01, 2015

Jun. 28, 2007

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2012

Feb. 28, 2015

$ 264,724,000

$ 211,886,000

^[1]

Contributions from noncontrolling stockholders

^[2]

5,900,000

193,000

268,000

$ 17,000

Renovation amount

153,232,000

122,863,000

US Cinema 1, 2, 3 Term Loan And Line Of Credit [Member]

271,732,000

266,134,000

Capital call

506,000

Incremental positive cash flow percentage

$ 15,000,000

19,500,000

^[3]

19,901,000

^[4]

Cinemas 1, 2, 3 [Member]

Improvement fee

Management fee

177,000

100.00%

Average annual positive cash flow period

3 years

Annual cash-on-cash return percent

15.00%

Sutton Hill Capital, LLC [Member]

Related party expense

$ 590,000

590,000

10 years

Jun. 30, 2020

Purchase option

$ 5,900,000

4,700,000

Payment to acquire interest in special purpose entity

$ 5,900,000

$ 3,000,000

Debt amount

26,900,000

Due from related party

$ 2,900,000

Renovation amount

$ 750,000

Capital call

169,000

Guarantee and indemnity percentage

25.00%

Sutton Hill Capital, LLC [Member] | Cinemas 1, 2, 3 [Member]

Percent of management fee equal to SHP's gross income

5.00%

Sutton Hill Capital's Interest In Sutton Hill Properties [Member]

Special purpose entity purchase option, percentage

25.00%

OBI Management [Member]

Estimated related party expense

79,000

589,000

21.00%

James Cotter And Michael Forman [Member]

Ownership percentage in live theater play investment

5.00%

Chief Executive Officer [Member]

Contributions from noncontrolling stockholders

$ 2,500,000

Bonus contributed to acquire land

$ 255,000

Noncontrolling interests

50.00%

Cinema Ground Lease [Member]

86th Street Cinema [Member]

Jun. 01, 2031

Management fee

$ 141,000

$ 150,000

$ 151,000

Minimum [Member] | 2010 Stock Incentive Plan [Member]

1 year

Vesting period of stock options and RSU

0 years

Minimum [Member] | Sutton Hill Capital, LLC [Member]

Purchase option

$ 100,000

Australian Country Cinemas, Pty Ltd [Member]

Noncontrolling interests

25.00%

Sutton Hill Properties, LLC [Member] | US Cinema 1, 2, 3 Term Loan And Line Of Credit [Member]

Noncontrolling interests

25.00%

$ 15,000,000

[1]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[2]	Represents the lease liability of the option associated with the ground lease purchase of the Village East Cinema. See below for more information.
[3]	In June 2017 we received $1.5M in additional financing on our new U.S. Corporate Headquarters with Citizens Asset Finance, Inc. due to the reappraisal of the property.
[4]	The loan for our Minetta & Orpheum Theatres was obtained from Santander Bank. The term loan for our Cinema 1,2,3 Theatre was refinanced during the third quarter of 2016 with Valley National Bank. The term loan, which is collateralized by our new U.S Corporate Headquarters office building, was obtained with Citizens Asset Finance, Inc. In December 2016, we successfully negotiated the construction financing for our Union Square redevelopment project, $8.0 million of which was advanced from the total construction loan limit of $57.5 million.

Insurance Recoveries on Impairment and Related Losses Due to Earthquake (Narrative) (Details) $ in Thousands, $ in Thousands	1 Months Ended				12 Months Ended
	May 31, 2017 NZD ($)	May 31, 2017 USD ($)	Apr. 30, 2017 NZD ($)	Apr. 30, 2017 USD ($)	Dec. 31, 2017 NZD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 NZD ($)	Dec. 31, 2016 USD ($)
Insurance Recoveries on Impairment and Related Losses Due to Earthquake [Abstract]
Insurance coverage limit			$ 36,000	$ 25,000
Proceeds from insurance settlement	$ 28,900	$ 20,000					$ 7,100	$ 5,000
Total insurance gains					$ 14,849	$ 10,740

Insurance Recoveries on Impairment and Related Losses Due to Earthquake (Allocation Of The Total Insurance Proceeds To The Various Risks and Bases) (Details) - NZD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Insurance Recoveries [Line Items]
Basis for Allocation	$ 55,499
Percentage Allocation	100.00%
Allocation of Insurance Proceeds	$ 36,034	$ 36,034
Property Damage [Member]
Insurance Recoveries [Line Items]
Basis for Allocation	$ 44,808
Percentage Allocation	81.00%
Allocation of Insurance Proceeds	$ 29,093
Demolition Costs [Member]
Insurance Recoveries [Line Items]
Basis for Allocation	$ 7,276
Percentage Allocation	13.00%
Allocation of Insurance Proceeds	$ 4,724
Business Interruption [Member]
Insurance Recoveries [Line Items]
Basis for Allocation	$ 3,415
Percentage Allocation	6.00%
Allocation of Insurance Proceeds	$ 2,217

Insurance Recoveries on Impairment and Related Losses Due to Earthquake (Schedule Of Net Impact In Current Earnings) (Details)
$ in Thousands

12 Months Ended

24 Months Ended

Dec. 31, 2017

NZD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2016

NZD ($)

Dec. 31, 2016

USD ($)

Dec. 31, 2017

USD ($)

$ 36,034

22,746

$ (2,019)

^[1]

$ (1,421,000)

^[2]

$ 20,727,000

$ 458,000

21,185,000

14,849

10,740,000

Deductible from casualty loss

$ 9,319,000

5.00%

Non-Operating Income [Member]

12,700

9,217,000

$ (1,421,000)

^[3]

$ 33,817

22,746

(2,019)

^[1]

(1,421,000)

^[2]

20,727,000

347,000

21,074,000

12,743

9,217,000

7,796,000

Property Damage [Member]

Property Damage [Member] | Non-Operating Income [Member]

29,093

^[4]

29,093

^[4]

14,246

^[4]

(795)

^[1]

(560,000)

^[2],[4]

13,451,000

^[4]

347,000

^[4]

13,798,000

^[4]

15,295

11,063,000

Demolition Costs [Member]

^[4]

10,503,000

Casualty loss considered as income

4,724

1,200

862,000

Demolition Costs [Member] | Non-Operating Income [Member]

^[4]

4,724

^[4]

8,500

^[4]

(1,224)

^[1]

(861,000)

^[2],[4]

$ 7,276,000

^[4]

7,276,000

^[4]

(2,552)

(1,846,000)

Business Interruption [Member]

^[4]

(2,707,000)

Business Interruption [Member] | Operating Income [Member]

2,217

^[5]

$ 2,217

^[5]

111,000

^[5]

111,000

^[5]

$ 2,106

$ 1,523,000

^[5]

$ 1,523,000

[1]	The casualty losses recorded in 2016 as a separate line in our Consolidated Statement of Operations is made up the following: (i) 5% deductible of $795,000 (NZ$560,000) calculated based on the estimated value of the insured damaged parking structure for insurance purposes, and (ii) $862,000 (NZ$1.2 million) of total estimated demolition costs was preliminarily assessed as expenses not reimbursable under our insurance policy and hence, we recorded in profit and loss.
[2]	The recoverable asset of $9.5 million (NZ$13.6 million), net of advance payment of $5.0 million (NZ$7.1 million), as of December 31, 2016 was presented as part of "Other non-current assets" as the timing of the insurance claim receipt was not fixed nor reliably determinable as of the time of our initial assessment.
[3]	Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).
[4]	The net impact to 2017 earnings of $9.2 million (NZ$12.7 million) is recorded as "Casualty gain" in our Consolidated Statement of Operations.
[5]	The impact to 2017 operating earnings of $1.5 million (NZ$2.1 million) is recorded as part of the applicable segment revenues in our Consolidated Statement of Operations.

Unaudited Quarterly Financial Information (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2016

^[1]

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2017

Dec. 31, 2016

^[2]

Dec. 31, 2015

^[2]

Quarterly Financial Data [Abstract]

$ 71,780

^[1]

$ 66,087

$ 72,413

$ 69,454

$ 67,451

$ 71,315

$ 66,918

$ 64,789

$ 279,734

$ 270,473

$ 257,865

Net income attributable to RDI shareholders

7,459

^[1]

1,458

19,052

3,041

354

3,917

2,922

2,224

31,010

9,417

23,031

$ 7,382

^[1]

$ 1,556

$ 19,032

$ 3,029

$ 352

$ 3,855

$ 2,970

$ 2,226

$ 30,999

$ 9,403

$ 23,110

$ 0.33

^[1]

$ 0.07

$ 0.82

$ 0.13

$ 0.01

$ 0.17

$ 0.13

$ 0.09

$ 1.35

$ 0.40

$ 0.99