View Filing Data

$ 309,385

$ 279,879

$ 270,866

Costs and Expenses

Cinema

(225,791)

(207,447)

(198,523)

Real estate

(9,904)

(9,437)

(9,044)

General and administrative

(22,275)

(16,942)

(15,689)

(27,337)

(25,347)

(26,906)

Net (loss) / gain on sale of assets

(285,307)

(259,173)

(250,162)

Operating Income

24,078

20,706

20,704

Interest expense, net

(6,837)

(6,194)

(6,782)

Casualty gain (loss)

9,217

(1,421)

(41)

9,360

393

Other income (expense)

(256)

588

(63)

Income before taxes and earnings of unconsolidated joint ventures

16,944

33,677

12,831

974

815

999

17,918

34,492

13,830

Less: Net income attributable to noncontrolling interests

(3,420)

(3,380)

(4,138)

Net Income

14,498

31,112

9,692

132

Net Income attributable to RDI controlling interests

$ 14,366

$ 31,101

$ 9,678

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

$ 0.62

$ 1.35

$ 0.42

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

$ 0.62

$ 1.34

$ 0.41

Weighted average number of shares outstanding-basic | shares

22,991,277

23,041,190

23,320,048

Weighted average number of shares outstanding-diluted | shares

23,208,991

23,247,969

23,521,157

Revenue

$ 294,177

$ 263,464

$ 256,922

Revenue

Consolidated Statements Of Comprehensive Income [Abstract]

$ 15,208

$ 16,415

$ 13,944

[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, 2018

Dec. 31, 2017

Dec. 31, 2016

^[1]

Foreign currency translation gain (loss)

$ 14,498

$ 31,112

$ 9,692

(14,903)

8,810

142

(Loss) on cash flow hedges

(137)

Others

149

125

127

Total Comprehensive Income (loss)

(393)

40,047

9,961

Less: Net income attributable to noncontrolling interests

132

Less: Comprehensive income (loss) attributable to noncontrolling interests

(15)

(1)

Comprehensive (loss) income attributable to Reading International, Inc.

$ (510)

$ 40,017

$ 9,948

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

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

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Balance, shares at Dec. 31, 2015

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

Common Shares [Member]

Class A [Member]

Common Shares [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 Stockholders' Equity [Member]

Total

Balance at Dec. 31, 2015

$ 229

$ 17

$ 143,815

$ (7,723)

$ (13,524)

$ 11,806

$ 134,620

$ 4,331

$ 138,951

21,654

1,680

Other comprehensive income (loss), net

9,678

9,692

^[1]

269

(1)

268

Share-based compensation expense

609

Share repurchase plan

(2,850)

Share repurchase plan, shares

(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

1,955

(16,374)

12,075

142,472

4,418

146,890

Balance, shares at Dec. 31, 2016

21,498

1,680

Other comprehensive income (loss), net

31,101

31,112

8,916

8,935

Share-based compensation expense

1,000

Share repurchase plan

(6,532)

Share repurchase plan, shares

(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

Restricted Stock Units, shares

Contributions from noncontrolling shareholders

193

Distributions to noncontrolling shareholders

(310)

Balance at Dec. 31, 2017

$ 231

$ 17

145,898

33,056

(22,906)

20,991

177,287

4,331

181,618

Balance, shares at Dec. 31, 2017

21,251

1,680

Adjustments to opening retained earnings on adoption of ASC 606 | Accounting Standards Update 2014-09 [Member]

14,366

132

14,498

194

(2)

192

Other comprehensive income (loss), net

(14,876)

(15)

(14,891)

Share-based compensation expense

1,458

Share repurchase plan

(2,316)

Share repurchase plan, shares

(149)

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

219

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

(74)

(73)

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

Restricted Stock Units

(49)

Restricted Stock Units, shares

Contributions from noncontrolling shareholders

Distributions to noncontrolling shareholders

(191)

Balance at Dec. 31, 2018

$ 232

$ 17

$ 147,452

$ 47,616

$ (25,222)

$ 6,115

$ 176,210

$ 4,337

$ 180,547

Balance, shares at Dec. 31, 2018

21,195

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).

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

12 Months Ended

Dec. 31, 2018

USD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Operating Activities

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

$ 14,498

$ 31,112

$ 9,692

^[1]

Distributions of earnings from unconsolidated joint ventures

(974)

(815)

(999)

^[1]

670

798

1,004

Gain recognized on foreign currency transactions

(563)

Net loss (gain) on sale of assets

(9,360)

(393)

^[1]

Interest on hedged derivatives

(1,719)

4,117

(4,942)

Shared-based compensation expense

22,275

16,942

15,689

Other amortization

1,161

1,406

1,797

Casualty (gain) loss

(9,217)

1,421

^[1]

1,458

1,000

609

Net changes in operating assets and liabilities:

Receivables

2,868

(3,093)

1,296

Payments for accrued pension

(2,761)

350

(992)

(2,961)

Accounts payable and accrued expenses

2,107

(3,740)

2,843

Film rent payable

(4,525)

2,764

1,244

Taxes payable

(994)

(839)

(1,707)

Deferred revenue and other liabilities

1,496

(7,011)

3,626

Net cash provided by operating activities

32,645

23,851

30,188

Investing Activities

Purchases of and additions to operating and investment properties

(63,529)

(65,903)

(49,166)

Change in restricted cash

(1,326)

178

Demolition costs of operating property

(3,700)

Disposal of investment in unconsolidated joint ventures

(432)

Distributions from unconsolidated joint ventures

124

296

Cash settlement on insurance claim

18,415

5,000

Proceeds from sale of properties

44,677

831

Net cash used in investing activities

(64,855)

(6,786)

(42,861)

Financing Activities

Repayment of long-term borrowings

(54,374)

(106,449)

(63,748)

Proceeds from borrowings

90,895

91,030

81,616

Capitalized borrowing costs

(1,230)

(39)

(3,992)

Repurchase of Class A nonvoting common stock

(2,316)

(6,532)

(2,850)

Proceeds from stock option exercises

344

146

Noncontrolling interest contributions

193

268

Noncontrolling interest distributions

(191)

(310)

(194)

Net cash provided by / (used in) financing activities

33,210

(22,055)

11,246

Effect of exchange rate on cash

(1,541)

(359)

742

Net (decrease) in cash and cash equivalents

(541)

(5,349)

(685)

Cash and cash equivalents at the beginning of the year

13,668

19,017

19,702

Cash and cash equivalents at end of the year

13,127

13,668

19,017

Supplemental Disclosures

Interest paid

8,035

4,880

5,948

Income taxes paid, net

8,941

9,245

6,607

Non-Cash Transactions

Lease make-good accrual

$ 35

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

788

Additions to operating and investing properties through accrued expenses

$ 3,969

$ 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).

Description Of Business And Segment Reporting

12 Months Ended

Dec. 31, 2018

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

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

Business Segments

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, Australia 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.



	2018						2017						2016
(Dollars in thousands)	Cinema		Real Estate		Total		Cinema		Real Estate		Total		Cinema		Real Estate		Total
Revenue - Third party	$	294,177	$	15,208	$	309,385	$	263,464	$	16,415	$	279,879	$	256,922	$	13,944	$	270,866
Inter-segment Revenue (1)		—		9,027		9,027		—		7,573		7,573		—		7,366		7,366
Total Segment Revenue		294,177		24,235		318,412		263,464		23,988		287,452		256,922		21,310		278,232
Operating expense
Cost of services and products - Third party		(225,791)		(9,904)		(235,695)		(207,447)		(9,436)		(216,883)		(198,523)		(9,044)		(207,567)
Inter-segment Cost of services (1)		(9,027)		—		(9,027)		(7,573)		—		(7,573)		(7,366)		—		(7,366)
Total of services and products (excluding depreciation and amortization)		(234,818)		(9,904)		(244,722)		(215,020)		(9,436)		(224,456)		(205,889)		(9,044)		(214,933)
Depreciation and amortization		(16,314)		(5,567)		(21,881)		(12,213)		(4,256)		(16,469)		(11,772)		(3,522)		(15,294)
General and administrative expense		(3,724)		(2,326)		(6,050)		(3,261)		(2,140)		(5,401)		(3,763)		(1,422)		(5,185)
Total operating expense		(254,856)		(17,797)		(272,653)		(230,494)		(15,832)		(246,326)		(221,424)		(13,988)		(235,412)
Segment operating income	$	39,321	$	6,438	$	45,759	$	32,970	$	8,156	$	41,126	$	35,498	$	7,322	$	42,820

(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)	2018		2017		2016
Segment operating income	$	45,759	$	41,126	$	42,820
Unallocated corporate expense:
Depreciation and amortization expense		(394)		(473)		(395)
General and administrative expense		(21,287)		(19,947)		(21,721)
Interest expense, net		(6,837)		(6,194)		(6,782)
Equity earnings of unconsolidated joint ventures		974		815		999
(Loss) gain on sale of assets		(41)		9,360		393
Casualty gain (loss)		—		9,217		(1,421)
Other (expense) income		(256)		588		(63)
Income before income taxes	$	17,918	$	34,492	$	13,830

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



	December 31,
(Dollars in thousands)	2018		2017
By segment:
Cinema	$	138,850	$	135,184
Real estate		263,783		249,622
Corporate (1)		36,395		38,597
Total assets	$	439,028	$	423,403
By country:
United States	$	220,777	$	188,639
Australia		156,768		169,412
New Zealand		61,483		65,352
Total assets	$	439,028	$	423,403

(1)

Corporate Assets includes cash and cash equivalents of $13.1 million and $13.7 million as of December 31, 2018 and 2017, respectively.

The following table sets forth our operating properties by country:



	December 31,
(Dollars in thousands)	2018		2017
United States	$	95,710	$	89,183
Australia		132,624		143,200
New Zealand		29,333		32,341
Total operating property	$	257,667	$	264,724

The table below summarizes capital expenditures for the three years ended December 31, 2018:



(Dollars in thousands)	2018		2017		2016
Segment capital expenditures	$	56,795	$	76,300	$	49,023
Corporate capital expenditures		32		408		143
Total capital expenditures	$	56,827	$	76,708	$	49,166

Summary Of Significant Accounting Policies

12 Months Ended

Dec. 31, 2018

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 are not limited to:

(i)

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

(ii)

valuations of our derivative instruments;

(iii)

allocation of insurance proceeds to various recoverable components;

(iv)

recoverability of our deferred tax; and,

(v)

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

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 – recognized for unredeemed cards and certificates using the proportional method, whereby breakage 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. This is based on a breakage ‘experience rate’ which is determined by historical redemption data;

Loyalty Income - a component of revenue from members of our loyalty programs relating to the earning of loyalty rewards is deferred until such a time as members redeem rewards, or until we believe the likelihood of redemption by the member is remote. Deferral is based on the progress made toward the next reward, the fair value of that reward, and the likelihood of redemption, determined by historical redemption data, and;

Advertising Revenues – recognized based on contractual arrangements or relevant admissions information, as appropriate, when the related performance obligation is satisfied.

(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 – we have real property interest in and license theatre space to third parties for the presentation of theatrical productions. Revenue is recognized in accordance with the license agreement, and is typically recorded on a weekly basis after the performance of a show has occurred.

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, 2018 and 2017, our restricted cash balance, included as part of prepaid and other current assets, was $1.3 million 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. 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 or, in the case of accounting hedges, in Other Comprehensive Income and then reclassified into interest expense in the same period(s) during which the hedged transactions affect earnings. The cash flows from interest rate derivatives are classified as cashflows provided by operating activities in the Consolidated Cashflow Statement, as are the hedged transactions. As of December 31, 2018 and 2017 we have unfavorable derivative positions designated as accounting hedges of $186,000 and $nil, respectively.

Operating Properties, net

Our Operating Properties consist 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 provides 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	3 – 10 years

Investment and Development Properties, net

Investment and Development Properties consist 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, 2018, 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 20 – 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, 2018.

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 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 licensors.

Advertising Expense

We expense our advertising as incurred. The amount of our advertising expense was $2.4 million, $2.3 million, and $2.3 million 2018, 2017, and 2016, 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 these 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, 2018, 2017, and 2016, we recorded gains/(losses) relating to litigation settlement of $nil, $1.8 million, and $415,000, 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, 2018:



	As of and for the year ended December 31, 2018	As of and for the year ended December 31, 2017	As of and for the year ended December 31, 2016
Spot Rate
Australian Dollar	0.7046	0.7815	0.7230
New Zealand Dollar	0.6711	0.7100	0.6958
Average Rate
Australian Dollar	0.7479	0.7670	0.7440
New Zealand Dollar	0.6930	0.7111	0.6973

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 introduces a new tax on foreign earnings of U.S. based consolidated groups. We record taxes related to GILTI 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

Recently Adopted and Issued Accounting Pronouncements

Adopted:

On January 1, 2018, we adopted the new accounting standard ASC 606 Revenue from Contracts with Customers using the modified retrospective method. We recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of retained earnings. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. We expect the impact of the adoption of the new standard to be immaterial to our net income and cash flows from operations on an ongoing basis.

Our cinema and food and beverage revenue continues to be recognized upon sale and completion of the provision of the movie or performance, or delivery of food and beverage items. Where necessary, revenue is deferred until these obligations are discharged. Property rentals continue to be recognized on a straight line basis, and live theatre license fees continue to be based on a percentage of weekly ticket sales. Under the new standard, rewards owed to and points accrued by members of our customer loyalty programs are held as deferred revenue. Revenue from unredeemed gift cards and certificates (known as “breakage” in our industry) 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.

The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASU 2014-09 Revenue from Contracts with Customers were as follows:



(Dollars in thousands)	Balance at December 31, 2017		Adjustments due to ASU 2014-09		Balance at January 1, 2018
Assets
Deferred income taxes	$	24,746	$	(161)	$	24,585
Liabilities
Deferred current revenue	$	9,850	$	(355)	$	9,495
Stockholders' Equity
Retained earnings	$	33,056	$	194	$	33,250

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our consolidated income statement and balance sheet was as follows:



	Year Ended December 31, 2018
(Dollars in thousands)	As Reported, December 31, 2018		Balances Without Adoption of ASC 606		Effect of change Higher / (Lower)
Revenues
Cinema	$	294,177	$	293,970	$	207
Income tax expense		(3,420)		(3,356)		64
Net income	$	14,498	$	14,641	$	143



(Dollars in thousands)	As Reported, December 31, 2018		Balances Without Adoption of ASC 606		Effect of change Higher / (Lower)
Assets
Deferred income taxes	$	26,235	$	26,299	$	(64)
Liabilities
Deferred current revenue	$	9,264	$	9,471	$	(207)
Stockholders' Equity
Retained earnings	$	47,616	$	47,473	$	143

Refer to Note 2 – Summary of Significant Accounting Policies for a description of our new revenue recognition policies, and to Note 1- Description of Business and Segment Reporting for a disaggregation of our revenue sources.

On January 1, 2018, the Company adopted ASU 2016-18, Statement of Cash Flows, Topic 230: Restricted Cash, a consensus of the FASB Emerging Issues Task Force. This standard 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 adoption of ASU 2016-18 did not have a material effect on our consolidated statement of cash flows.

On January 1, 2018, the Company adopted ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The standard applies to eight (8) specific cash flow classification issues, reducing the current and potential future diversity in the presentation of certain cash flows. The adoption of ASU 2016-15 did not have a material effect on our consolidated statement of cash flows.

On January 1, 2018, the Company adopted ASU 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. This standard (i) requires that an employer disaggregate the service cost component from the other components of net benefit cost, and (ii) specifies how to present the service cost component and the other components of net benefit cost in the income statement and (iii) allows only the service cost component of net benefit cost to be eligible for capitalization. The adoption of ASU 2017-07 did not have a material effect on our consolidated financial statements.

On January 1, 2018, the Company adopted ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business. 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. The adoption of ASU 2017-01 did not have a material effect on our current consolidated financial statements, and we do not expect it to be applicable to our consolidated financial statements in the near term unless we enter into a definitive business acquisition transaction.

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 became effective for the Company on January 1, 2017. 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 became effective for the Company on January 1, 2017. The adoption of ASU 2016-17 did not have a material impact on the consolidated financial statements and related disclosures.

Issued:

ASUs Effective 2019 and Beyond

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

In February 2016, the FASB issued a new standard related to leases to increase transparency and comparability among organizations by requiring the recognition of right-of-use (“ROU”) assets and lease liabilities on the balance sheet. Most prominent among the changes in the standard is the recognition of ROU assets and lease liabilities by lessees for those leases classified as operating leases under current U.S. GAAP. Under the standard, disclosures are required to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. We will be required to recognize and measure leases existing at, or entered into after, the beginning of the earliest comparative period presented using a modified retrospective approach, with certain practical expedients available.

The standard is effective for us beginning January 1, 2019, with early adoption permitted. We have not elected to early adopt this standard, and instead are adopting this standard on its effective date. Our implementation project is substantially complete. In preparation for adoption of the standard, we have implemented internal controls and key system functionality to enable the preparation of financial information. We are electing all available practical expedients, and transitioning using the modified retrospective approach.

The standard will have a material impact on our consolidated balance sheets, but will not have a material impact on our consolidated income statements. The most significant impact will be the recognition of ROU assets and lease liabilities for operating leases, while our accounting for capital leases remains substantially unchanged. Adoption of the standard will result in the recognition of additional ROU assets and lease liabilities for operating leases of approximately $250.0 million as of January 1, 2019.

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 will have a material impact on our consolidated financial statements.

Prior period financial statement correction of immaterial errors

During the third quarter of 2018, we identified immaterial errors related to the accounting for straight line rent receivable from tenants in our real estate operations dating back to 2015. These errors resulted in an understatement of real estate revenue for certain prior periods.

We assessed the materiality of these errors on our financial statements for prior periods in accordance with the SEC Staff Accounting Bulletin (SAB) No. 99, Materiality, codified in Accounting Standards Codification (ASC) 250, Presentation of Financial Statements, and concluded that they were not material to any prior annual or interim periods. However, the aggregate amount of $440,000 related to the prior period immaterial errors through June 30, 2018, would have been material to the quarterly accounts within our three months to September 30, 2018, Consolidated Statements of Income. Consequently, in accordance with ASC 250 (specifically SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements), we have corrected these errors for all prior periods presented by revising the consolidated financial statements and other financial information included herein.

The following is a summary of the previously issued financial statement line items for all periods and statements included in this Form 10-K report.

Consolidated Statements of Income:


	Year Ended December 31, 2017						Year Ended December 31, 2016
(Dollars in thousands)	As Reported		Adjustment		As Revised		As Reported		Adjustment		As Revised
Real estate revenue	$	16,270		145		16,415	$	13,551		393		13,944
Total revenue		279,734		145		279,879		270,473		393		270,866
Operating income		20,561		145		20,706		20,311		393		20,704
Income before income taxes		34,347		145		34,492		13,437		393		13,830
Income tax expense		(3,337)		(43)		(3,380)		(4,020)		(118)		(4,138)
Net income		31,010		102		31,112		9,417		275		9,692
Net income attributable to Reading International, Inc. common shareholders		30,999		102		31,101		9,403		275		9,678

Basic earnings per share	$	1.35		—		1.35	$	0.40		0.02		0.42
Diluted earnings per share		1.33		0.01		1.34		0.40		0.01		0.41

Consolidated Balance Sheets:


	Summary of Equity
(Dollars in thousands)	As Reported		Adjustment		As Revised
Equity at January 1, 2016	$	138,951		—		138,951
Net income		9,403		275		9,678
Equity at December 31, 2016		146,615		275		146,890

Equity at January 1, 2017		146,615		275		146,890
Net income		30,999		102		31,101
Equity at December 31, 2017		181,241		377		181,618


	As at December 31, 2017
(Dollars in thousands)	As Reported		Adjustment		As Revised
Deferred tax assets	$	24,908		(162)		24,746
Other assets		4,543		539		5,082
Total assets		423,026		377		423,403

Retained earnings	$	32,679		377		33,056
Total stockholders' equity		181,241		377		181,618

Consolidated Statements of Cash Flows:


	Year Ended December 31, 2017						Year Ended December 31, 2016
(Dollars in thousands)	As Reported		Adjustment		As Revised		As Reported		Adjustment		As Revised
Net income	$	31,010		102		31,112	$	9,417		275		9,692
Change in net deferred tax assets		4,073		44		4,117		(5,060)		118		(4,942)
Prepaid and other assets		496		(146)		350		(599)		(393)		(992)
Net cash provided by operating activities		23,851		—		23,851		30,188		—		30,188

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 the 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 and record a certain percentage of our gift card and gift certificate sales 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 de-recognized the liability associated with them. The adoption of ASC 606 in 2018, as described in “Recently Adopted and Issued Accounting Pronouncements,” has superseded this change.

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.

Earnings Per Share

12 Months Ended

Dec. 31, 2018

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, 2018:



(Dollars in thousands, except share and per share data)	2018		2017		2016
Numerator:
Net income attributable to RDI common stockholders	$	14,366	$	31,101	$	9,678
Denominator:
Weighted average shares of common stock – basic		22,991,277		23,041,190		23,320,048
Weighted average dilutive impact of stock-based awards		217,714		206,779		201,109
Weighted average shares of common stock – diluted		23,208,991		23,247,969		23,521,157
Basic EPS attributable to RDI common stockholders	$	0.62	$	1.35	$	0.42
Diluted EPS attributable to RDI common stockholders	$	0.62	$	1.34	$	0.41
Awards excluded from diluted EPS		276,681		149,841		92,500

Real Estate Transactions

12 Months Ended

Dec. 31, 2018

Real Estate Transactions [Abstract]

Real Estate Transactions

NOTE 4 – REAL ESTATE TRANSACTIONS

Discussed below are the real estate transactions affecting the presentation in our consolidated balance sheets as of December 31, 2018 and 2017, and the profitability determination in our consolidated statements of income for the three years ended December 31, 2018:

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.

Real Estate Acquisitions

Building & Landholding in Auburn, Australia (Asset Acquisition, 2018)

On June 29, 2018, we purchased a property for $3.5 million (AU$4.5 million) in Auburn (Sydney area), Australia. Final settlement was made on October 11, 2018. The property which borders our Redyard ETC in Auburn on three sides and consists of an approximately 16,830 square foot building located on an estimated 20,870 square foot lot, is subject to a lease to Telstra Corporation through July 2022. This will allow us time to plan for its efficient integration into our ETC. Including this acquisition, our Redyard ETC represents approximately 519,992 square feet (48,309 square meters) of land, with approximately 1,620 feet (498 meters) of uninterrupted frontage to Parramatta Road, a major Sydney arterial motorway and approximately 147,000 square feet of net rentable area.

Landholding Acquisition in Townsville, Australia (Asset Acquisition, 2018)

On June 13, 2018, we acquired a 163,000 square foot (15,150 square meter) parcel of land at our Cannon Park ETC, in connection with the restructuring of our relationship with the adjacent landowner. Prior to the restructuring, this parcel was commonly owned by us and the adjoining landowner. In the restructuring, the adjoining landowner conveyed to us its interest in the parcel for AU$1. Incident to that transaction, we granted the adjoining landowner certain access rights with respect to that parcel.

Properties And Equipments

12 Months Ended

Dec. 31, 2018

Properties And Equipments [Abstract]

Properties And Equipments

NOTE 5 – PROPERTIES AND EQUIPMENTS

Operating Property, Net

Property associated with our operating activities is summarized as follows:



	December 31,
(Dollars in thousands)	2018		2017
Land	$	75,689	$	76,457
Building and improvements		149,734		153,232
Leasehold improvements		55,299		48,481
Fixtures and equipment		167,943		145,033
Construction-in-progress		3,478		26,000
Total cost		452,143		449,203
Less: accumulated depreciation		(194,476)		(184,479)
Operating Properties, net	$	257,667	$	264,724

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, 2018 and 2017 are as follows:



	December 31,
(Dollars in thousands)	2018		2017
Building and improvements
Gross balance	$	67,887	$	71,749
Accumulated depreciation		17,709		17,585
Net Book Value	$	50,178	$	54,164

Depreciation expense for operating property was $19.5 million, $14.0 million, and $15.1 million for the year ended December 31, 2018, 2017 and 2016, respectively.

Investment and Development Property

Investment and development property is summarized as follows:



	December 31,
(Dollars in thousands)	2018		2017
Land	$	24,371	$	25,025
Building		1,900		1,900
Construction-in-progress (including capitalized interest)		60,533		34,329
Investment and development property, net	$	86,804	$	61,254

For the year ended December 31, 2018 and 2017, we capitalized interest charges of $3.3 million and $1.2 million pertaining to our on-going development projects.

Investments In Unconsolidated Joint Ventures

12 Months Ended

Dec. 31, 2018

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:



			December 31,
(Dollars in thousands)	Interest		2018		2017
Mt. Gravatt		33.3%	$	3,861	$	4,118
Rialto Cinemas		50.0%		1,260		1,186
Total Joint Ventures			$	5,121	$	5,304

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



(Dollars in thousands)	2018		2017		2016
Mt. Gravatt	$	690	$	726	$	805
Rialto Cinemas		284		89		194
Rialto Distribution		—		—		—
Total equity earnings	$	974	$	815	$	999

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, 2018

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, 2017	$	14,604	$	5,224	$	19,828
Foreign currency translation adjustment		448		—		448
Balance at December 31, 2017	$	15,052	$	5,224	$	20,276
Foreign currency translation adjustment		(831)		—		(831)
Balance at December 31, 2018	$	14,221	$	5,224	$	19,445

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 2018. The assessment results indicated that there is no impairment to our goodwill as of December 31, 2018.

The tables below summarize intangible assets other than goodwill:



	December 31, 2018
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	28,592	$	7,254	$	1,951	$	37,797
Less: Accumulated amortization		(24,145)		(5,207)		(1,076)		(30,428)
Net intangible assets other than goodwill	$	4,447	$	2,047	$	875	$	7,369



	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

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 30 years; and other intangible assets over their estimated useful life of up to 30 years (except for transferrable liquor licenses, which are indefinite-lived assets, with a balance of $496,000 and $421,000 as of December 31, 2018 and 2017). For the years ended December 31, 2018, 2017, and 2016, our amortization expense was $1.9 million, $1.7 million, and $1.9 million, respectively.

As of December 31, 2018, 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
2019	$	1,342
2020		979
2021		840
2022		750
2023		729
Thereafter		2,233
Total future amortization expense	$	6,873

Prepaid And Other Assets

12 Months Ended

Dec. 31, 2018

Prepaid And Other Assets [Abstract]

Prepaid And Other Assets

NOTE 8 – PREPAID AND OTHER ASSETS

Prepaid and other assets are summarized as follows:



	December 31,
(Dollars in thousands)	2018		2017
Prepaid and other current assets
Prepaid expenses	$	1,761	$	1,625
Prepaid taxes		646		653
Income taxes receivable		2,704		1,686
Prepaid rent		930		1,055
Deposits		242		243
Restricted cash		1,342		17
Investments in marketable securities		42		46
Total prepaid and other current assets	$	7,667	$	5,325
Other non-current assets
Other non-cinema and non-rental real estate assets		1,134		1,134
Investment in Reading International Trust I		838		838
Straight-line rent asset		4,150		3,103
Long-term deposits		7		7
Total non-current assets	$	6,129	$	5,082

Income Taxes

12 Months Ended

Dec. 31, 2018

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%, imposed a one-time mandatory repatriation tax on deferred earnings of foreign subsidiaries, and changed how foreign earnings are subject to U.S. tax. As the result of the Tax Act and under the guidance of the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 118, we recorded a provisional tax expense of approximately $13.0 million for the impact of the Tax Act in the fourth quarter of 2017. During the fourth quarter of 2018, upon finalizing the analysis of the impact from the Tax Act, we recorded a tax benefit of $2.3 million as an adjustment to the provisional estimate, for a net tax impact of $10.7 million. The $2.3 million is comprised of an adjustment of $1.2 million to the impact of the one-time mandatory repatriation tax on previously undistributed earnings of our foreign subsidiaries and $1.1 million from the re-measurement of federal net deferred tax liabilities resulting from the reduction in the U.S. statutory corporate tax rate.

Income before income taxes includes the following:



(Dollars in thousands)	2018		2017		2016
United States	$	(3,039)	$	(5,143)	$	(1,886)
Foreign		19,983		38,820		14,717
Income before income taxes and equity earnings of unconsolidated joint ventures	$	16,944	$	33,677	$	12,831
Equity earnings of unconsolidated joint ventures:
United States		—		—		—
Foreign		974		815		999
Income before income taxes	$	17,918	$	34,492	$	13,830

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



(Dollars in thousands)	2018		2017		2016
Current income tax expense (benefit)
Federal (1)	$	297	$	(7,846)	$	2,982
State		382		775		675
Foreign		6,158		7,079		4,685
Total		6,837		8		8,342
Deferred income tax expense (benefit)
Federal		(3,869)		3,654		(4,197)
State		22		(2,351)		(422)
Foreign		430		2,069		415
Total		(3,417)		3,372		(4,204)
Total income tax expense	$	3,420	$	3,380	$	4,138

(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:



	December 31,
(Dollars in thousands)	2018		2017
Deferred Tax Assets:
Net operating loss carry-forwards	$	8,199	$	8,579
Alternative minimum tax credit carry-forwards		1,117		939
Foreign Tax Credit		2,715		—
Compensation and employee benefits		3,906		4,146
Deferred revenue		2,266		2,500
Accrued expenses		6,916		6,017
Accrued taxes		2,086		2,440
Land and property		7,373		8,457
Other		—		106
Total Deferred Tax Assets		34,578		33,184
Deferred Tax Liabilities:
Intangibles		(1,256)		(1,087)
Cancellation of indebtedness		—		(481)
Other		(367)		—
Total Deferred Tax Liabilities		(1,623)		(1,568)
Net deferred tax assets before valuation allowance		32,955		31,616
Valuation allowance		(6,720)		(6,870)
Net deferred tax asset	$	26,235	$	24,746

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. We believe the evidence connected with New Zealand loss carryforwards and certain US state loss carryforwards do not support a conclusion of being more-likely-than-not to be realized. Accordingly as of December 31, 2018, we recorded a valuation allowance of $6.7 million.

As of December 31, 2018, we had the following carry-forwards:

approximately $2.2 million in U.S. alternative minimum tax credit carry-forwards with no expiration date and $1.1 million is refundable beginning tax year 2018;

approximately $11.7 million in Federal loss carryforwards expiring in 2037;

approximately $4.9 million in California loss carryforwards expiring in 2037;

approximately $1.8 million in Hawaii loss carryforwards expiring in 2037;

approximately $43.3 million in New York state loss carryforwards expiring in 2034;

approximately $43.3 million in New York city loss carryforwards expiring in 2034; and,

approximately $8.1 million in available New Zealand loss carry-forwards with no expiration date.

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)	2018		2017		2016
Expected tax provision	$	3,763	$	12,073	$	4,704
Increase (decrease) in tax expense resulting from:
Foreign tax rate differential		1,874		(2,160)		(668)
Change in valuation allowance		(451)		(905)		129
State and local tax provision		405		(541)		307
Prior year adjustments		41		(79)		(954)
Unrecognized tax benefits		438		(8,498)		262
Advance to Overseas Subsidiary		—		(7,620)		—
Impact of Tax Act		(2,265)		13,018		—
Non-taxable insurance proceeds		—		(1,871)		—
GILTI		193		—		—
Foreign Tax Credit		(846)		—		—
Other		268		(37)		358
Total income tax expense	$	3,420	$	3,380	$	4,138

The undistributed earnings of the Company's Australian subsidiaries are considered to be indefinitely reinvested. Accordingly, no provision for state income taxes has been provided on such undistributed earnings. Due to the 2017 enactment of the Tax Act, future repatriations of foreign earnings will generally not be subject to U.S. federal taxation but may incur minimal state taxes.

The following table is a summary of the activity related to unrecognized tax benefits, excluding interest and penalties, for the years ended December 31, 2018, 2017, and 2016:



(Dollars in thousands)	2018		2017		2016
Unrecognized tax benefits – gross beginning balance	$	3,123	$	11,480	$	11,022
Gross increase (decrease) - prior year tax positions		2,304		(7,905)		133
Gross increase (decrease) - current period tax positions		—		—		325
Settlements		(718)		(452)		—
Unrecognized tax benefits – gross ending balance	$	4,709	$	3,123	$	11,480

As of December 31, 2018 and 2017, if recognized, $4.7 million and $3.1 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, 2017, we recorded an increase to tax interest of $203,000, resulting in a total $9.1 million in interest. During the year ended December 31, 2018, we recorded an increase to tax interest of $430,000, resulting in a total $9.5 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 2018, 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 2014 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, 2018, federal income tax returns for 2015 and after are open for examination, with the 2015 return being currently under examination. California worldwide unitary income tax returns for 2014 and after are open for examination, but an examination of 2013 through 2015 has been completed. Income tax returns filed in Puerto Rico for 2014 and after are open for examination. Australia income tax returns for calendar years 2013 and after are open for examination. A review of returns for 2014 and 2015 has been completed with final terms under negotiation. Generally, New Zealand returns for 2015 and after remain open for examination. An examination of New Zealand income tax returns for calendar year 2009 and after have been completed with one issue remaining unsettled, for which a litigation claim has been filed.

Borrowings

12 Months Ended

Dec. 31, 2018

Borrowings [Abstract]

Borrowings

NOTE 10 – BORROWINGS

The Company’s borrowings at December 31, 2018 and 2017, 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, 2018
(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	$	26,061	6.52%	6.52%
Bank of America Credit Facility (USA)	May 1, 2020		55,000		25,000		25,000	5.02%	5.02%
Bank of America Line of Credit (USA)	October 31, 2019		5,000		—		—	5.48%	5.48%
Banc of America digital projector loan (USA)	December 28, 2019		2,604		2,604		2,604	5.00%	5.00%
Cinema 1, 2, 3 Term Loan (USA)	September 1, 2019		19,086		19,086		18,838	3.25%	3.25%
Minetta & Orpheum Theatres Loan (USA)	November 1, 2023		8,000		8,000		7,857	4.88%	4.88%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,495		9,495		9,373	4.64% / 4.44%	4.61%
Union Square Construction Financing (USA)	December 29, 2019		57,500		27,182		25,280	6.76% / 12.51%	8.35%
Denominated in foreign currency ("FC")(2)
NAB Corporate Loan Facility (AU)	December 31, 2023		46,856		37,696		37,660	3.05%	3.05%
Westpac Corporate Credit Facility (NZ)	December 31, 2023		21,475		10,067		10,067	3.80%	3.80%
Total		$	252,929	$	167,043	$	162,740

(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, 2018.

(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, 2018.

(3)

Net of deferred financing costs amounting to $4.3 million.



	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)	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 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)

(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, 2017.

(3)

Net of deferred financing costs amounting to $4.0 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)	December 31,
Balance Sheet Caption	2018		2017
Debt - current portion	$	30,393	$	8,109
Debt - long-term portion		106,286		94,862
Subordinated debt		26,061		27,554
Total borrowings	$	162,740	$	130,525

Debt denominated in USD

Minetta and Orpheum Theatres Loan

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

Banc of America Digital Projector Loan

On February 5, 2018, we purchased our U.S. digital cinema projectors, which had previously been held on operating leases, using a $4.6 million loan from Banc of America. We made further U.S. digital cinema projector purchases, of projectors similarly held on other operating leases, in March and April 2018, increasing this loan to $4.9 million. This loan carries an interest rate of 5% and is due and payable on December 28, 2019.

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 $50.0 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, 2018:



(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		10,603		20,527	Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%	December 29, 2019
Project loan	Bank of the Ozarks		10,870		1,079		9,791	Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%	December 29, 2019
Total Union Square Financing		$	57,500	$	27,182	$	30,318

(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%.

Bank of America Line of Credit

In October 2016, the term of this $5.0 million 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 $20.0 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. The Company presently intends to exercise that option and to extend the maturity date until September 1, 2020.

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 reduces the applicable consolidated leverage ratio covenant by 0.25% and modifies the term of the facility based 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 in accordance with U.S. GAAP. On March 5, 2019, this Credit Facility was extended for six (6) months to May 1, 2020.

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 waiver expired January 1, 2018, after which a further covenant waiver was secured on October 11, 2018 for the remaining term of the loan, in consideration of payments totaling $1.6 million, consisting of an initial payment of $1.1 million paid on October 31, 2018, and a further contractual obligation to pay $270,000 in October 2021 and $225,000 in October 2025.

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, 2018, we paid $1.4 million in 2016 and 2017 and $1.6 million in 2018 in preferred dividends to unrelated investors that are included in interest expense. At December 31, 2018 and 2017, we had preferred dividends payable of $299,000 and $250,000, respectively. Interest payments for this loan are required every three months.

Debt denominated in foreign currencies

Australian NAB Corporate Loan Facility

On March 15, 2019, we amended our Revolving Corporate Markets Loan Facility with National Australia Bank (“NAB) from a facility comprised of (i) a AU$66.5 million loan facility with an interest rate of 0.95% above the Bank Bill Swap Bid Rate (“BBSY) and a maturity date of June 30, 2019 and (ii) a bank guarantee of AU$5.0 million at a rate of 1.90% per annum into a (i) AU$120.0 million Corporate Loan facility at rates of 0.85%-1.3% above BBSY depending on certain ratios with a due date of December 31, 2023, of which AU$80.0 million is revolving and AU$40.0 million is core and (ii) a Bank Guarantee Facility of AU$5.0 million at a rate of 1.85% per annum. Prior to this, on June 12, 2018, we had extended the maturity of these facilities from June 30, 2019, to December 31, 2019. Such modifications of this particular term loan were not considered to be substantial under US GAAP.

New Zealand Westpac Bank Corporate Credit Facility

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

As of December 31, 2018, our aggregate amount of future principal debt payments is estimated as follows:



(Dollars in thousands)	Future Principal Debt Payments
2019	$	30,393
2020		43,960
2021		258
2022		270
2023		56,045
Thereafter		36,117
Total future principal debt payments	$	167,043

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, 2018

Pension And Other Liabilities

NOTE 11 – PENSION AND OTHER LIABILITIES

Other liabilities including pension are summarized as follows:



	December 31,
(Dollars in thousands)	2018		2017
Current liabilities
Liability for demolition and remediation costs(1)	$	2,630	$	2,781
Lease liability(2)		5,900		5,900
Accrued pension(3)		684		2,907
Security deposit payable		84		91
Other		7		—
Other current liabilities	$	9,305	$	11,679
Other liabilities
Straight-line rent liability	$	16,362	$	13,444
Accrued pension(3)		4,670		5,228
Lease make-good provision		5,614		5,648
Environmental reserve		1,656		1,656
Deferred Revenue - Real Estate		32		18
Acquired leases		91		186
Other		506		469
Other liabilities	$	28,931	$	26,649

(1)

Refer to Note 20 – 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 19 – 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 $5.4 million and $8.1 million as of December 31, 2018 and 2017, respectively. The benefits of our pension plans are fully vested and therefore no service costs were recognized 2018 and 2017. Our pension plans are unfunded.

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



	December 31,
(Dollars in thousands)	2018		2017
Benefit obligation at January 1	$	8,135	$	7,955
Interest cost		180		180
Payments made		(2,961)		—
Actuarial gain		—		—
Benefit obligation at December 31	$	5,354	$	8,135
Funded status at December 31	$	(5,354)	$	(8,135)

Amounts recognized in the balance sheet consists of:



	December 31,
(Dollars in thousands)	2018		2017
Current liabilities	$	684	$	2,907
Other liabilities - Non current		4,670		5,228
Total pension liability	$	5,354	$	8,135

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



	December 31,
(Dollars in thousands)	2018		2017
Net periodic benefit cost
Interest cost	$	180	$	180
Amortization of prior service costs		—		—
Amortization of net actuarial gain		154		127
Net periodic benefit cost	$	334	$	307
Items recognized in other comprehensive income
Amortization of net loss		(154)		(127)
Total recognized in other comprehensive income	$	(154)	$	(127)
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:



	December 31,
(Dollars in thousands)	2018		2017
Unamortized actuarial loss	$	2,438	$	2,592
Accumulated other comprehensive loss	$	2,438	$	2,592

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, 2018:



(Dollars in thousands)	Estimated Future Pension Payments
2019	$	684
2020		684
2021		684
2022		684
2023		684
Thereafter		1,934
Total pension payments	$	5,354

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, 2018		As of and for the year ended December 31, 2017
Lease make-good provision, at January 1	$	5,648	$	5,146
Liabilities incurred during the year		—		—
Liabilities settled during the year		—		—
Accretion expense		292		282
Effect of changes in foreign currency		(326)		220
Lease make-good provision, at December 31	$	5,614	$	5,648

Commitments And Contingencies

12 Months Ended

Dec. 31, 2018

Commitments And Contingencies [Abstract]

Commitments And Contingencies

NOTE 12 - COMMITMENTS AND CONTINGENCIES

Insofar as our Company is aware, there are no claims, arbitration proceedings, or litigation proceedings that constitute potentially material contingent liabilities of our Company. Discussed below are certain matters which, however, have been significant to our Company and/or which may, depending upon the outcome of certain appeals, be significant to our Company.

The following table identifies our known commitments and contingencies as of December 31, 2018:


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 models.	Refer to Note 18 - Leases
CONTINGENCIES
 Insurance gain contingencies and derivative loss contingencies on demolition costs relating to recent earthquake incident	Gain contingencies relating to an insurance claim are recognized once collectability is probable; related loss contingencies is recognized when there are probable likelihood of incurrence and amount is reasonably estimable.	Refer to Note 20 – 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, 2018, the remaining federal tax obligation was $3.0 million. For additional information, see Note 9 – Income Taxes.

Cotter Jr. Related Litigation Matters

The following table provides a list of legal matters and current status relating to the termination of James J. Cotter, Jr.’s (“Cotter, Jr.”) as our Company’s president and chief executive officer, to Cotter, Jr.’s subsequent derivative action brought against the Company and our directors alleging, among other things, that such termination violated the fiduciary duties of such directors, and to Cotter, Jr.’s efforts to cause a change of control of the Company.


Description	Plaintiff	Filed with	Current Status
 Cotter, Jr. Derivative Litigation against all Director: James J. Cotter, Jr., individually and derivatively on behalf of Reading International, Inc. vs. Margaret Cotter, et al.” Case No,: A-15-719860-V	Cotter, Jr.	Nevada District Court	Summary judgment has been entered against Cotter, Jr., and in favor of all defendants and a $1.55 million cost judgment has been entered against Cotter, Jr., and in favor of our Company. Cotter, Jr. has appealed both judgements. Our application for $5.9 million in attorneys fees was denied, and we have appealed that determination. The issues on appeal are currently being briefed. No date for oral argument has been set. It is unlikely that any hearing will be held this year.
 Employment Agreement Arbitration: Reading International, Inc. v. James J. Cotter, AAA Case No. 01-15-0004-2384, filed July 2015	RDI	American Arbitration Association	While our Company is the named claimant, this matter relates essentially to Cotter, Jr.’s claims for compensation and damages related to his termination as our Company’s president and chief executive officer. The Arbitrator has determined that, while Cotter, Jr. had breached his obligations under his Employment Agreement with our Company, Cotter, Jr’s failure to resign as an officer and/director of our Company was not sufficiently material to allow our Company relief from its obligations under the Employment Agreement to pay certain specified separation amounts, totaling $313,000 (the “Separation Payment Amount”) plus interest at the rate of 10% from June 12, 2016, until the award was paid in full on March 6, 2019. The Arbitrator denied on substantive grounds Cotter, Jr’s claims for consequential damages and for damages based on various tort theories and/or upon wrongful termination claims and, denied on jurisdictional grounds, Cotter Jr’s claims that the unvested stock options granted to him under his Employment Agreement did not expire upon his termination and continued to be exercisable by him so long as he continued as a director of our Company. Determining that Cotter, Jr. was the prevailing party, the Arbitrator has awarded Cotter, Jr. $443,000 of his requested $787,769 in attorney’s fees and costs. The Arbitrator also assessed the costs of the arbitration against our Company and ordered a reimbursement of such costs paid to date by Cotter Jr. in the amount of $19,250. The determinations of the Arbitrator are final and binding on the parties, and not subject to appeal. The interest and any cost reimbursements awarded to Cotter, Jr., was approximately $86,000.
 Direct Case against the Company seeking reimbursement and advancement of attorney’s fees incurred with respect to the Employment Agreement Arbitration: 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	Cotter, Jr.	Nevada District Court	Summary judgment entered in favor of the Company on October 3, 2016. The period for appeal of this judgment has now lapsed.
 Cotter Trust Litigation: Determination of Status of Cotter, Jr., as Trustee: In re James J. Cotter Living Trust dated August 1, 2000 (Case No. BP159755)	Ellen Cotter and Margaret Cotter, as Trustees	California Superior Court	The California Superior Court has ruled that Cotter, Jr., is not a trustee of either the James J. Cotter Living Trust (the “Cotter Living Trust”) or of the voting trust established under the Living Trust (the “Cotter Voting Trust”) to eventually hold the Class B Voting Common Stock beneficially owned by Mr. Cotter, Sr., at the time of his passing. The California Superior Court further determined that Ellen Cotter and Margaret Cotter are the sole trustees of the Cotter Living Trust and that Margaret Cotter is the sole trustee of the Cotter Voting Trust. Accordingly, Cotter, Jr., has neither dispositive power nor voting power over any of the Class B Voting Common Stock currently held by the Cotter Estate or the Cotter Living Trust, or which it is anticipated will be held by the Cotter Voting Trust. The time to appeal that ruling has now lapsed. At December 31, 2018, the Cotter Estate held 427,808 shares of Class B Voting Stock, representing 25.5% of the voting power of such class. The Cotter Living Trust held 696,080 shares of Class B Voting Stock at such date, representing 41.4% of the voting power of such class. It is anticipated that, when funded, the Cotter Voting Trust will own 1,123,888 shares of Class B Voting Stock, representing 66.9% of the voting power of such class (the “Cotter Voting Stock”).
 Cotter Trust Litigation: Ex Parte motion seeking appointment of a Trustee Ad Litem to Solicit Offers to Purchase Cotter Voting Stock: In re James J. Cotter Living Trust dated August 1, 2000 (Case No. BP159755)	Cotter, Jr.	California Superior Court	In response to the ex parte petition of Cotter, Jr. filed on March 23, 2016, the California Superior Court on March 23, 2018 directed that an unnamed temporary trustee ad litem be appointed to solicit offers to purchase the Cotter Voting Stock. Ellen Cotter and Margaret Cotter appealed that March 23, 2018 order of the California Superior Court with a writ application filed as Trustees of the Cotter Living Trust, and Margaret Cotter, as Trustee of the Cotter Voting Trust. In response to their writ application, the California Court of Appeals on April 12, 2018 stayed the California Superior Court’s order and issued its own order to show cause why the Superior Court’s direction should not be vacated and a new and different order denying the appointment of such a trustee ad litem be issued. The positions of the parties have been briefed, but no hearing date has been set. Our Company is not a party to this matter, and no remedy or relief is sought against our Company in this matter.

As the Directors and Officers Liability Insurance Policy covering Cotter, Jr.’s claims in the Derivative Case ($10.0 million) has been exhausted, the financial burden of defending our Directors against these claims, as required by applicable Nevada Law, has fallen upon our Company. During 2018, out-of-pocket third party costs in the amount of approximately $3.5 million were incurred by our Company in defending against these claims.

The STOMP Arbitration

In April 2015, Liberty Theatres, LLC (“Liberty”), a wholly owned subsidiary of our 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. Later that year, 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 April 2016, we were awarded $2.3 million in attorney’s fees and costs and thereafter entered into a settlement agreement with the defendants providing, among other things, for the payment of the award over time and the continued performance of STOMP at our Orpheum Theatre.

Non-controlling Interests

12 Months Ended

Dec. 31, 2018

Non-controlling Interests [Abstract]

Non-controlling Interests

NOTE 13 – NON-CONTROLLING INTERESTS

As of December 31, 2018, 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:



	December 31,
(Dollars in thousands)	2018		2017
Australian Country Cinemas, Pty Ltd	$	89	$	138
Shadow View Land and Farming, LLC		2,153		2,127
Sutton Hill Properties, LLC		2,095		2,066
Non-controlling interests in consolidated subsidiaries	$	4,337	$	4,331

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



(Dollars in thousands)	2018		2017		2016
Australian Country Cinemas, Pty Ltd	$	157	$	164	$	140
Shadow View Land and Farming, LLC		(56)		(45)		(58)
Sutton Hill Properties, LLC		31		(108)		(68)
Net income attributable to non-controlling interests in consolidated subsidiaries	$	132	$	11	$	14

Shadow View Land and Farming, LLC

Our Coachella Valley 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 Repurchase Plans

12 Months Ended

Dec. 31, 2018

Shared-Based Compensation And Share Repurchase Plans [Abstract]

Shared-Based Compensation And Share Repurchase 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. During 2018 option grants of 126,840 were issued, and restricted stock units of 97,600 issued. Accordingly, as of December 31, 2018, we had 1,031,970 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 2018, 2017 and 2016 were as follows:



	2018		2017		2016
Stock option exercise price	$	16.40	$	15.94	$	11.87
Risk-free interest rate		2.56%		1.66%		1.20%
Expected dividend yield		—		—		—
Expected option life in years		3.75		3.75		3.75
Expected volatility		24.99%		24.95%		25.01%
Weighted average fair value	$	3.80	$	3.45	$	2.49

We recorded compensation expense of $425,000, $310,000, and $284,000 for 2018, 2017, and 2016, respectively. At December 31, 2018, the total unrecognized estimated compensation cost related to non-vested stock options was $881,000 which is expected to be recognized over a weighted average vesting period of 1.81 years. Cash and other consideration received from option exercises during 2018, 2017, and 2016 totaled $361,000, $574,000 and $146,000 respectively.

The following is a summary of the status of RDI’s outstanding stock options for the three years ended December 31, 2018:



	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, 2016	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
Granted	126,840	—		16.40		—
Exercised	(60,000)	—		6.02		—			610,249
Expired	(4,960)	—		12.08		—
Outstanding - December 31, 2018	586,469	—	$	14.01	$	—	2.88	$	1,530,528

The following is a summary of the status of RDI’s vested and unvested stock options as of December 31, 2018, 2017 and 2016:



	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, 2018	231,124	—	$	12.38	$	—	2.28	$	1,306,643
December 31, 2017	186,832	—		9.84		—	2.30		2,202,772
December 31, 2016	296,500	—		7.88		—	1.59		2,584,500
Unvested
December 31, 2018	355,345	—	$	15.07	$	—	3.27	$	223,885
December 31, 2017	337,757	—		13.86		—	3.62		851,552
December 31, 2016	238,577	—		12.28		—	3.87		1,030,691

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. Mr. Cotter, Jr., attempted to assert his claims with respect to such shares in the arbitration related to the payment of his severance benefits. The arbitrator determined that such claims were beyond the scope of the arbitration, and made no substantive determination with respect to Mr. Cotter, Jr’s claims.

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 2018 and 2017, 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, 2018 and December 31, 2017, we recognized compensation expense of $1.0 million and $668,000 respectively. The total unrecognized compensation expense related to these unvested RSUs was $1.4 million as of December 31, 2018.

Below is a table that shows the restricted stock units that have been issued and vested during the years ending December 31, 2018 along with the dollar value of these awards:



	Number of RSUs				$ value of RSUs
	Granted	Vesting	Unvested	Granted		Vesting		Unvested
2016	68,153	51,650	16,503	$	815,160	$	613,208	$	201,952
2017	70,538	40,645	29,893		1,124,348		648,569		475,779
2018	97,600	—	97,600		1,567,171		—		1,567,171
Total	236,291	92,295	143,996	$	3,506,679	$	1,261,777	$	2,244,902

2017 Stock Repurchase Plan

On March 14, 2019, the Board of Directors extended our Company’s stock buy-back program for two years, through March 2, 2021. The Board did not increase the authorized amount, which was initially fixed at $25.0 million. At the present time, $16.2 million of that authorization remains available to repurchase Class A Common Stock.

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, 2018

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)		Hedge Accounting Reserve(3)		Total
Balance at January 1, 2018	$	23,575	$	8	$	(2,592)	$	—	$	20,991

Change related to derivatives
Total change in hedge fair value recorded in Other Comprehensive Income		—		—		—		(151)		(151)
Amounts reclassified from accumulated other comprehensive income		—		—		—		14		14
Net change related to derivatives		—		—		—		(137)		(137)

Net current-period other comprehensive income		(14,888)		(5)		154		(137)		(14,876)
Balance at December 31, 2018	$	8,687	$	3	$	(2,438)	$	(137)	$	6,115

(1)

Net of income tax expense of $389,000.

(2)

Net of income tax expense of $54,000.

(3)

Net of income tax benefit of $48,000

Fair Value Measurements

12 Months Ended

Dec. 31, 2018

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, 2018 and 2017, 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, 2018 and 2017. Additionally, there were no transfers of assets and liabilities between Levels 1, 2, or 3 during the three years ended December 31, 2018.

Recurring Fair Value Measurements

As of December 31, 2018 and 2017, 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, 2018
(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	$	139,130	$	—	$	—	$	143,564	$	143,564
Subordinated debt	Subordinated debt		27,913		—		—		18,895		18,895
Total		$	167,043	$	—	$	—	$	162,459	$	162,459



		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

(1)

These balances are presented gross of deferred financing costs.

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.

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

Hedge Accounting

12 Months Ended

Dec. 31, 2018

Hedge Accounting [Abstract]

Hedge Accounting

NOTE 17 – HEDGE ACCOUNTING

As of December 31, 2018 and 2017, the Company held interest rate derivatives in the total notional amount of $8.0 million and $nil, respectively.

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


	Liability Derivatives
	December 31,
	2018			2017
(Dollars in thousands)	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate contracts	Derivative financial instruments - current portion	$	41	—	$	—
	Derivative financial instruments - non-current portion		145	—		—
Total derivatives designated as hedging instruments		$	186		$	—
Total derivatives		$	186		$	—

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

The changes in fair value are recorded in Other Comprehensive Income and released into interest expense in the same period(s) in which the hedged transactions affect earnings. In 2018 and 2017, the derivative instruments affected Comprehensive Income as follows:


(Dollars in thousands)	Location of Loss Recognized in Income on Derivatives	Amount of Loss Recognized in Income on Derivatives
			2018		2017
Interest rate contracts	Interest expense, net		14		—
Total		$	14	$	—


	Loss Recognized in OCI on Derivatives (Effective Portion)				Loss Reclassified from OCI into Income (Effective Portion)					Loss Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
(Dollars in thousands)	Amount				Line Item	Amount				Line Item	Amount
	2018		2017			2018		2017			2018		2017
Interest rate contracts	$	200	$	—	Interest expense, net	$	14	$	—	Interest expense, net	$	—	$	—
Total	$	200	$	—		$	14	$	—		$	—	$	—

In 2019, the Company expects to release $45,000 to earnings.

Leases

12 Months Ended

Dec. 31, 2018

Leases [Abstract]

Leases

NOTE 18 – 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 models). Below are the rental commitments for these various lease arrangements:

As Lessor – Future Rental Commitments from our Tenants

Real estate revenue amounted to $15.2 million, $16.4 million, and $13.9 million, for the fiscal years ended December 31, 2018, 2017, and 2016, respectively. Also, there were no material contingent rentals recognized for the three years then ended December 31, 2018. As of December 31, 2018, 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
2019	$	7,964
2020		6,807
2021		6,190
2022		5,337
2023		4,714
Thereafter		9,632
Total	$	40,644

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, 2018, 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, 2018.

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)	2018		2017		2016
Base rent expense	$	32,281	$	31,630	$	29,824
Contingent rental expense		1,774		2,505		1,484
Total cinema rent expense	$	34,055	$	34,135	$	31,308

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, 2018
(Dollars in thousands)	Ground Lease		Premises Lease		Total
2019	$	3,717	$	27,204	$	30,921
2020		1,922		23,870		25,792
2021		1,860		23,368		25,228
2022		1,901		21,901		23,802
2023		1,905		18,737		20,642
Thereafter		10,498		78,741		89,239
Total	$	21,803	$	193,821	$	215,624

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 19 – Related Parties for the amount of leases associated with any related party leases.

Related Parties

12 Months Ended

Dec. 31, 2018

Related Parties [Abstract]

Related Parties

NOTE 19 – RELATED PARTIES

The following table identifies our related parties as of December 31, 2018, 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  Gilbert Avanes  Andrzej J. Matyczynski  S Craig Tompkins  Robert F. Smerling  Mark Douglas  Matthew Bourke	· Chief Executive Officer & President · EVP Real Estate Development & Management (NY) · Interim Chief Financial Officer & Treasurer · EVP Global Operations · EVP General Counsel · President - U.S. Cinemas · Managing Director, Cinemas, Australia & New Zealand · Managing Director, Real Estate, Australia & New Zealand
 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 2018 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 2018, 2017 and 2016. During this same period, we received management fees from the 86th Street Cinema of $172,000, $141,000 and $150,000 during the years ended December 31, 2018, 2017 and 2016, 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 2018 we charged an Improvements Fee of $528,000. In 2017 and 2016, 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 capital contributions were called or made in 2017 or 2018.

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. The Valley National loan matures on September 1, 2019, however the loan includes an option to extend the maturity date to September 1, 2020, which we currently intend to exercise.

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 fee to be paid to OBI for 2016 was $79,000. We also reimbursed OBI for certain travel expenses, shared the cost of an administrative assistant and provided office space at our New York offices.

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.

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, 2018

Insurance Recoveries on Impairment and Related Losses Due to Earthquake

NOTE 20 – 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.

We are currently litigating our claim against QBE Insurance (Australia) Limited (“QBE”) for an additional NZ$5.0 million in recoveries with respect to earthquake damage to our car park under an insurance policy acquired for our benefit by the general contractor working on the seismic strengthening of our car park at the time of the earthquake. No assurances can be given as to the outcome of that litigation.

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, 2018

Unaudited Quarterly Financial Information [Abstract]

Unaudited Quarterly Financial Information

NOTE 21 – UNAUDITED QUARTERLY FINANCIAL INFORMATION



(Dollars in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter(1)
2018
Revenue	$	75,872		84,262		74,261	$	74,990
Net income		3,104		4,129		1,259		6,006
Net income attributable to RDI shareholders		3,082		5,027		1,297		4,960
Basic earnings per share		0.13		0.22		0.06		0.21
Diluted earnings per share		0.13		0.22		0.06		0.21
2017
Revenue	$	69,481	$	72,440	$	66,116	$	71,841
Net income		3,060		19,071		1,478		7,503
Net income attributable to RDI shareholders		3,048		19,051		1,576		7,426
Basic earnings per share		0.13		0.82		0.07		0.33
Diluted earnings per share		0.13		0.81		0.07		0.32

(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, 2018
Subsequent Events [Abstract]
Subsequent Events	NOTE 22 – SUBSEQUENT EVENTS New cinema location, Devonport, Australia On January 30, 2019, we purchased the tenant’s interest and other operating assets of an established four-screen cinema in Devonport, Australia, for $1.4 million (AU$2.0 million). We commenced trading from this new cinema site on January 30, 2019. The purchase will be accounted for as a business combination in the first quarter of 2019 under ASC 805, Business Combinations. As of the date of issue of these Consolidated Financial Statements, we are in the process of engaging third party advisors to complete the fair value assessments required to be able to account for this transaction under ASC 805. Temporary Closure of Courtenay Central Cinema In light of recently discovered seismic issues pertaining to the cinema structure at our Courtenay Central ETC, in January 2019 we closed the cinema portion and certain interior retail spaces at that center while we reevaluate the center for redevelopment as an entertainment themed urban center with a major food and grocery component.

Schedule II - Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2018

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
2018	$	1,088	$	658	$	698	$	1,048
2017	$	828	$	320		60	$	1,088
2016	$	426	$	1,010		608	$	828
Tax valuation allowance
2018	$	6,870	$	—		150	$	6,720
2017	$	10,593	$	—		3,723	$	6,870
2016	$	11,530	$	—		937	$	10,593

Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Dec. 31, 2018

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)

valuations of our derivative instruments;

(iii)

allocation of insurance proceeds to various recoverable components;

(iv)

recoverability of our deferred tax; and,

(v)

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

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, when the related performance obligation is satisfied.

(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	3 – 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, 2018.

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 licensors.

Advertising Expense

We expense our advertising as incurred. The amount of our advertising expense was $2.4 million, $2.3 million, and $2.3 million 2018, 2017, and 2016, 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, 2018	As of and for the year ended December 31, 2017	As of and for the year ended December 31, 2016
Spot Rate
Australian Dollar	0.7046	0.7815	0.7230
New Zealand Dollar	0.6711	0.7100	0.6958
Average Rate
Australian Dollar	0.7479	0.7670	0.7440
New Zealand Dollar	0.6930	0.7111	0.6973

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

Recently Adopted and Issued Accounting Pronouncements

Adopted:

The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASU 2014-09 Revenue from Contracts with Customers were as follows:



(Dollars in thousands)	Balance at December 31, 2017		Adjustments due to ASU 2014-09		Balance at January 1, 2018
Assets
Deferred income taxes	$	24,746	$	(161)	$	24,585
Liabilities
Deferred current revenue	$	9,850	$	(355)	$	9,495
Stockholders' Equity
Retained earnings	$	33,056	$	194	$	33,250

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our consolidated income statement and balance sheet was as follows:



	Year Ended December 31, 2018
(Dollars in thousands)	As Reported, December 31, 2018		Balances Without Adoption of ASC 606		Effect of change Higher / (Lower)
Revenues
Cinema	$	294,177	$	293,970	$	207
Income tax expense		(3,420)		(3,356)		64
Net income	$	14,498	$	14,641	$	143



(Dollars in thousands)	As Reported, December 31, 2018		Balances Without Adoption of ASC 606		Effect of change Higher / (Lower)
Assets
Deferred income taxes	$	26,235	$	26,299	$	(64)
Liabilities
Deferred current revenue	$	9,264	$	9,471	$	(207)
Stockholders' Equity
Retained earnings	$	47,616	$	47,473	$	143

Issued:

ASUs Effective 2019 and Beyond

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

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

Prior period financial statement correction of immaterial errors

The following is a summary of the previously issued financial statement line items for all periods and statements included in this Form 10-K report.

Consolidated Statements of Income:


	Year Ended December 31, 2017						Year Ended December 31, 2016
(Dollars in thousands)	As Reported		Adjustment		As Revised		As Reported		Adjustment		As Revised
Real estate revenue	$	16,270		145		16,415	$	13,551		393		13,944
Total revenue		279,734		145		279,879		270,473		393		270,866
Operating income		20,561		145		20,706		20,311		393		20,704
Income before income taxes		34,347		145		34,492		13,437		393		13,830
Income tax expense		(3,337)		(43)		(3,380)		(4,020)		(118)		(4,138)
Net income		31,010		102		31,112		9,417		275		9,692
Net income attributable to Reading International, Inc. common shareholders		30,999		102		31,101		9,403		275		9,678

Basic earnings per share	$	1.35		—		1.35	$	0.40		0.02		0.42
Diluted earnings per share		1.33		0.01		1.34		0.40		0.01		0.41

Consolidated Balance Sheets:


	Summary of Equity
(Dollars in thousands)	As Reported		Adjustment		As Revised
Equity at January 1, 2016	$	138,951		—		138,951
Net income		9,403		275		9,678
Equity at December 31, 2016		146,615		275		146,890

Equity at January 1, 2017		146,615		275		146,890
Net income		30,999		102		31,101
Equity at December 31, 2017		181,241		377		181,618


	As at December 31, 2017
(Dollars in thousands)	As Reported		Adjustment		As Revised
Deferred tax assets	$	24,908		(162)		24,746
Other assets		4,543		539		5,082
Total assets		423,026		377		423,403

Retained earnings	$	32,679		377		33,056
Total stockholders' equity		181,241		377		181,618

Consolidated Statements of Cash Flows:


	Year Ended December 31, 2017						Year Ended December 31, 2016
(Dollars in thousands)	As Reported		Adjustment		As Revised		As Reported		Adjustment		As Revised
Net income	$	31,010		102		31,112	$	9,417		275		9,692
Change in net deferred tax assets		4,073		44		4,117		(5,060)		118		(4,942)
Prepaid and other assets		496		(146)		350		(599)		(393)		(992)
Net cash provided by operating activities		23,851		—		23,851		30,188		—		30,188

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

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

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

Description Of Business And Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Description Of Business And Segment Reporting [Abstract]

Summary Of Results Of Operations For Principal Business Segments



	2018						2017						2016
(Dollars in thousands)	Cinema		Real Estate		Total		Cinema		Real Estate		Total		Cinema		Real Estate		Total
Revenue - Third party	$	294,177	$	15,208	$	309,385	$	263,464	$	16,415	$	279,879	$	256,922	$	13,944	$	270,866
Inter-segment Revenue (1)		—		9,027		9,027		—		7,573		7,573		—		7,366		7,366
Total Segment Revenue		294,177		24,235		318,412		263,464		23,988		287,452		256,922		21,310		278,232
Operating expense
Cost of services and products - Third party		(225,791)		(9,904)		(235,695)		(207,447)		(9,436)		(216,883)		(198,523)		(9,044)		(207,567)
Inter-segment Cost of services (1)		(9,027)		—		(9,027)		(7,573)		—		(7,573)		(7,366)		—		(7,366)
Total of services and products (excluding depreciation and amortization)		(234,818)		(9,904)		(244,722)		(215,020)		(9,436)		(224,456)		(205,889)		(9,044)		(214,933)
Depreciation and amortization		(16,314)		(5,567)		(21,881)		(12,213)		(4,256)		(16,469)		(11,772)		(3,522)		(15,294)
General and administrative expense		(3,724)		(2,326)		(6,050)		(3,261)		(2,140)		(5,401)		(3,763)		(1,422)		(5,185)
Total operating expense		(254,856)		(17,797)		(272,653)		(230,494)		(15,832)		(246,326)		(221,424)		(13,988)		(235,412)
Segment operating income	$	39,321	$	6,438	$	45,759	$	32,970	$	8,156	$	41,126	$	35,498	$	7,322	$	42,820

(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)	2018		2017		2016
Segment operating income	$	45,759	$	41,126	$	42,820
Unallocated corporate expense:
Depreciation and amortization expense		(394)		(473)		(395)
General and administrative expense		(21,287)		(19,947)		(21,721)
Interest expense, net		(6,837)		(6,194)		(6,782)
Equity earnings of unconsolidated joint ventures		974		815		999
(Loss) gain on sale of assets		(41)		9,360		393
Casualty gain (loss)		—		9,217		(1,421)
Other (expense) income		(256)		588		(63)
Income before income taxes	$	17,918	$	34,492	$	13,830

Summary Of Assets



	December 31,
(Dollars in thousands)	2018		2017
By segment:
Cinema	$	138,850	$	135,184
Real estate		263,783		249,622
Corporate (1)		36,395		38,597
Total assets	$	439,028	$	423,403
By country:
United States	$	220,777	$	188,639
Australia		156,768		169,412
New Zealand		61,483		65,352
Total assets	$	439,028	$	423,403

(1)

Corporate Assets includes cash and cash equivalents of $13.1 million and $13.7 million as of December 31, 2018 and 2017, respectively.

Schedule Of Operating Property By Country



	December 31,
(Dollars in thousands)	2018		2017
United States	$	95,710	$	89,183
Australia		132,624		143,200
New Zealand		29,333		32,341
Total operating property	$	257,667	$	264,724

Summary Of Capital Expenditures



(Dollars in thousands)	2018		2017		2016
Segment capital expenditures	$	56,795	$	76,300	$	49,023
Corporate capital expenditures		32		408		143
Total capital expenditures	$	56,827	$	76,708	$	49,166

Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

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	3 – 10 years

Summary Of Currency Exchange Rates



	As of and for the year ended December 31, 2018	As of and for the year ended December 31, 2017	As of and for the year ended December 31, 2016
Spot Rate
Australian Dollar	0.7046	0.7815	0.7230
New Zealand Dollar	0.6711	0.7100	0.6958
Average Rate
Australian Dollar	0.7479	0.7670	0.7440
New Zealand Dollar	0.6930	0.7111	0.6973

Effect of the Adoption of ASC 2014-09 and 606 on Financial Statements

The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASU 2014-09 Revenue from Contracts with Customers were as follows:



(Dollars in thousands)	Balance at December 31, 2017		Adjustments due to ASU 2014-09		Balance at January 1, 2018
Assets
Deferred income taxes	$	24,746	$	(161)	$	24,585
Liabilities
Deferred current revenue	$	9,850	$	(355)	$	9,495
Stockholders' Equity
Retained earnings	$	33,056	$	194	$	33,250

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our consolidated income statement and balance sheet was as follows:



	Year Ended December 31, 2018
(Dollars in thousands)	As Reported, December 31, 2018		Balances Without Adoption of ASC 606		Effect of change Higher / (Lower)
Revenues
Cinema	$	294,177	$	293,970	$	207
Income tax expense		(3,420)		(3,356)		64
Net income	$	14,498	$	14,641	$	143



(Dollars in thousands)	As Reported, December 31, 2018		Balances Without Adoption of ASC 606		Effect of change Higher / (Lower)
Assets
Deferred income taxes	$	26,235	$	26,299	$	(64)
Liabilities
Deferred current revenue	$	9,264	$	9,471	$	(207)
Stockholders' Equity
Retained earnings	$	47,616	$	47,473	$	143

Accounting Changes To Financial Statements

Consolidated Statements of Income:


	Year Ended December 31, 2017						Year Ended December 31, 2016
(Dollars in thousands)	As Reported		Adjustment		As Revised		As Reported		Adjustment		As Revised
Real estate revenue	$	16,270		145		16,415	$	13,551		393		13,944
Total revenue		279,734		145		279,879		270,473		393		270,866
Operating income		20,561		145		20,706		20,311		393		20,704
Income before income taxes		34,347		145		34,492		13,437		393		13,830
Income tax expense		(3,337)		(43)		(3,380)		(4,020)		(118)		(4,138)
Net income		31,010		102		31,112		9,417		275		9,692
Net income attributable to Reading International, Inc. common shareholders		30,999		102		31,101		9,403		275		9,678

Basic earnings per share	$	1.35		—		1.35	$	0.40		0.02		0.42
Diluted earnings per share		1.33		0.01		1.34		0.40		0.01		0.41

Consolidated Balance Sheets:


	Summary of Equity
(Dollars in thousands)	As Reported		Adjustment		As Revised
Equity at January 1, 2016	$	138,951		—		138,951
Net income		9,403		275		9,678
Equity at December 31, 2016		146,615		275		146,890

Equity at January 1, 2017		146,615		275		146,890
Net income		30,999		102		31,101
Equity at December 31, 2017		181,241		377		181,618


	As at December 31, 2017
(Dollars in thousands)	As Reported		Adjustment		As Revised
Deferred tax assets	$	24,908		(162)		24,746
Other assets		4,543		539		5,082
Total assets		423,026		377		423,403

Retained earnings	$	32,679		377		33,056
Total stockholders' equity		181,241		377		181,618

Consolidated Statements of Cash Flows:


	Year Ended December 31, 2017						Year Ended December 31, 2016
(Dollars in thousands)	As Reported		Adjustment		As Revised		As Reported		Adjustment		As Revised
Net income	$	31,010		102		31,112	$	9,417		275		9,692
Change in net deferred tax assets		4,073		44		4,117		(5,060)		118		(4,942)
Prepaid and other assets		496		(146)		350		(599)		(393)		(992)
Net cash provided by operating activities		23,851		—		23,851		30,188		—		30,188

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share



(Dollars in thousands, except share and per share data)	2018		2017		2016
Numerator:
Net income attributable to RDI common stockholders	$	14,366	$	31,101	$	9,678
Denominator:
Weighted average shares of common stock – basic		22,991,277		23,041,190		23,320,048
Weighted average dilutive impact of stock-based awards		217,714		206,779		201,109
Weighted average shares of common stock – diluted		23,208,991		23,247,969		23,521,157
Basic EPS attributable to RDI common stockholders	$	0.62	$	1.35	$	0.42
Diluted EPS attributable to RDI common stockholders	$	0.62	$	1.34	$	0.41
Awards excluded from diluted EPS		276,681		149,841		92,500

Real Estate Transactions (Tables)

12 Months Ended

Dec. 31, 2018

Burwood [Member]

Property, Plant and Equipment [Line Items]

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.

Properties And Equipments (Tables)

12 Months Ended

Dec. 31, 2018

Properties And Equipments [Abstract]

Schedule Of Property And Equipment



	December 31,
(Dollars in thousands)	2018		2017
Land	$	75,689	$	76,457
Building and improvements		149,734		153,232
Leasehold improvements		55,299		48,481
Fixtures and equipment		167,943		145,033
Construction-in-progress		3,478		26,000
Total cost		452,143		449,203
Less: accumulated depreciation		(194,476)		(184,479)
Operating Properties, net	$	257,667	$	264,724

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



	December 31,
(Dollars in thousands)	2018		2017
Building and improvements
Gross balance	$	67,887	$	71,749
Accumulated depreciation		17,709		17,585
Net Book Value	$	50,178	$	54,164

Summary Of Investment And Development Property



	December 31,
(Dollars in thousands)	2018		2017
Land	$	24,371	$	25,025
Building		1,900		1,900
Construction-in-progress (including capitalized interest)		60,533		34,329
Investment and development property, net	$	86,804	$	61,254

Investments In Unconsolidated Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2018

Investments In Unconsolidated Joint Ventures [Abstract]

Summary Of The Investments In Unconsolidated Joint Ventures And Entities



			December 31,
(Dollars in thousands)	Interest		2018		2017
Mt. Gravatt		33.3%	$	3,861	$	4,118
Rialto Cinemas		50.0%		1,260		1,186
Total Joint Ventures			$	5,121	$	5,304

Summary Of Equity Earnings From Investments In Unconsolidated Joint Ventures



(Dollars in thousands)	2018		2017		2016
Mt. Gravatt	$	690	$	726	$	805
Rialto Cinemas		284		89		194
Rialto Distribution		—		—		—
Total equity earnings	$	974	$	815	$	999

Goodwill And Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill And Intangible Assets [Abstract]

Summary Of Goodwill



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at January 1, 2017	$	14,604	$	5,224	$	19,828
Foreign currency translation adjustment		448		—		448
Balance at December 31, 2017	$	15,052	$	5,224	$	20,276
Foreign currency translation adjustment		(831)		—		(831)
Balance at December 31, 2018	$	14,221	$	5,224	$	19,445

Summary Of Intangible Assets Other Than Goodwill



	December 31, 2018
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	28,592	$	7,254	$	1,951	$	37,797
Less: Accumulated amortization		(24,145)		(5,207)		(1,076)		(30,428)
Net intangible assets other than goodwill	$	4,447	$	2,047	$	875	$	7,369



	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

Schedule Of Estimated Amortization Expense



(Dollars in thousands)	Estimated Future Amortization Expense
2019	$	1,342
2020		979
2021		840
2022		750
2023		729
Thereafter		2,233
Total future amortization expense	$	6,873

Prepaid And Other Assets (Tables)

12 Months Ended

Dec. 31, 2018

Prepaid And Other Assets [Abstract]

Summary Of Prepaid And Other Assets



	December 31,
(Dollars in thousands)	2018		2017
Prepaid and other current assets
Prepaid expenses	$	1,761	$	1,625
Prepaid taxes		646		653
Income taxes receivable		2,704		1,686
Prepaid rent		930		1,055
Deposits		242		243
Restricted cash		1,342		17
Investments in marketable securities		42		46
Total prepaid and other current assets	$	7,667	$	5,325
Other non-current assets
Other non-cinema and non-rental real estate assets		1,134		1,134
Investment in Reading International Trust I		838		838
Straight-line rent asset		4,150		3,103
Long-term deposits		7		7
Total non-current assets	$	6,129	$	5,082

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Schedule Of Income (Loss) Before Income Tax Expense



(Dollars in thousands)	2018		2017		2016
United States	$	(3,039)	$	(5,143)	$	(1,886)
Foreign		19,983		38,820		14,717
Income before income taxes and equity earnings of unconsolidated joint ventures	$	16,944	$	33,677	$	12,831
Equity earnings of unconsolidated joint ventures:
United States		—		—		—
Foreign		974		815		999
Income before income taxes	$	17,918	$	34,492	$	13,830

Schedule Of Significant Components Of The Provision For Income Taxes



(Dollars in thousands)	2018		2017		2016
Current income tax expense (benefit)
Federal (1)	$	297	$	(7,846)	$	2,982
State		382		775		675
Foreign		6,158		7,079		4,685
Total		6,837		8		8,342
Deferred income tax expense (benefit)
Federal		(3,869)		3,654		(4,197)
State		22		(2,351)		(422)
Foreign		430		2,069		415
Total		(3,417)		3,372		(4,204)
Total income tax expense	$	3,420	$	3,380	$	4,138

(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



	December 31,
(Dollars in thousands)	2018		2017
Deferred Tax Assets:
Net operating loss carry-forwards	$	8,199	$	8,579
Alternative minimum tax credit carry-forwards		1,117		939
Foreign Tax Credit		2,715		—
Compensation and employee benefits		3,906		4,146
Deferred revenue		2,266		2,500
Accrued expenses		6,916		6,017
Accrued taxes		2,086		2,440
Land and property		7,373		8,457
Other		—		106
Total Deferred Tax Assets		34,578		33,184
Deferred Tax Liabilities:
Intangibles		(1,256)		(1,087)
Cancellation of indebtedness		—		(481)
Other		(367)		—
Total Deferred Tax Liabilities		(1,623)		(1,568)
Net deferred tax assets before valuation allowance		32,955		31,616
Valuation allowance		(6,720)		(6,870)
Net deferred tax asset	$	26,235	$	24,746

Schedule Of Income Tax Reconciliation Items



(Dollars in thousands)	2018		2017		2016
Expected tax provision	$	3,763	$	12,073	$	4,704
Increase (decrease) in tax expense resulting from:
Foreign tax rate differential		1,874		(2,160)		(668)
Change in valuation allowance		(451)		(905)		129
State and local tax provision		405		(541)		307
Prior year adjustments		41		(79)		(954)
Unrecognized tax benefits		438		(8,498)		262
Advance to Overseas Subsidiary		—		(7,620)		—
Impact of Tax Act		(2,265)		13,018		—
Non-taxable insurance proceeds		—		(1,871)		—
GILTI		193		—		—
Foreign Tax Credit		(846)		—		—
Other		268		(37)		358
Total income tax expense	$	3,420	$	3,380	$	4,138

Summary Of The Activity Related To Unrecognized Tax Benefits



(Dollars in thousands)	2018		2017		2016
Unrecognized tax benefits – gross beginning balance	$	3,123	$	11,480	$	11,022
Gross increase (decrease) - prior year tax positions		2,304		(7,905)		133
Gross increase (decrease) - current period tax positions		—		—		325
Settlements		(718)		(452)		—
Unrecognized tax benefits – gross ending balance	$	4,709	$	3,123	$	11,480

Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Borrowings [Abstract]

Summary Of Notes Payable



	As of December 31, 2018
(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	$	26,061	6.52%	6.52%
Bank of America Credit Facility (USA)	May 1, 2020		55,000		25,000		25,000	5.02%	5.02%
Bank of America Line of Credit (USA)	October 31, 2019		5,000		—		—	5.48%	5.48%
Banc of America digital projector loan (USA)	December 28, 2019		2,604		2,604		2,604	5.00%	5.00%
Cinema 1, 2, 3 Term Loan (USA)	September 1, 2019		19,086		19,086		18,838	3.25%	3.25%
Minetta & Orpheum Theatres Loan (USA)	November 1, 2023		8,000		8,000		7,857	4.88%	4.88%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,495		9,495		9,373	4.64% / 4.44%	4.61%
Union Square Construction Financing (USA)	December 29, 2019		57,500		27,182		25,280	6.76% / 12.51%	8.35%
Denominated in foreign currency ("FC")(2)
NAB Corporate Loan Facility (AU)	December 31, 2023		46,856		37,696		37,660	3.05%	3.05%
Westpac Corporate Credit Facility (NZ)	December 31, 2023		21,475		10,067		10,067	3.80%	3.80%
Total		$	252,929	$	167,043	$	162,740

(1)

(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, 2018.

(3)

Net of deferred financing costs amounting to $4.3 million.



	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)	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 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)

(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, 2017.

(3)

Net of deferred financing costs amounting to $4.0 million.

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



(Dollars in thousands)	December 31,
Balance Sheet Caption	2018		2017
Debt - current portion	$	30,393	$	8,109
Debt - long-term portion		106,286		94,862
Subordinated debt		26,061		27,554
Total borrowings	$	162,740	$	130,525

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		10,603		20,527	Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%	December 29, 2019
Project loan	Bank of the Ozarks		10,870		1,079		9,791	Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%	December 29, 2019
Total Union Square Financing		$	57,500	$	27,182	$	30,318

(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
2019	$	30,393
2020		43,960
2021		258
2022		270
2023		56,045
Thereafter		36,117
Total future principal debt payments	$	167,043

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.

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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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Pension And Other Liabilities [Abstract]

Pension And Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Summary Of Other Liabilities Including Pension



	December 31,
(Dollars in thousands)	2018		2017
Current liabilities
Liability for demolition and remediation costs(1)	$	2,630	$	2,781
Lease liability(2)		5,900		5,900
Accrued pension(3)		684		2,907
Security deposit payable		84		91
Other		7		—
Other current liabilities	$	9,305	$	11,679
Other liabilities
Straight-line rent liability	$	16,362	$	13,444
Accrued pension(3)		4,670		5,228
Lease make-good provision		5,614		5,648
Environmental reserve		1,656		1,656
Deferred Revenue - Real Estate		32		18
Acquired leases		91		186
Other		506		469
Other liabilities	$	28,931	$	26,649

(1)

Refer to Note 20 – 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



	December 31,
(Dollars in thousands)	2018		2017
Benefit obligation at January 1	$	8,135	$	7,955
Interest cost		180		180
Payments made		(2,961)		—
Actuarial gain		—		—
Benefit obligation at December 31	$	5,354	$	8,135
Funded status at December 31	$	(5,354)	$	(8,135)

Schedule Of Pension Benefit Obligation Recognized In Balance Sheets



	December 31,
(Dollars in thousands)	2018		2017
Current liabilities	$	684	$	2,907
Other liabilities - Non current		4,670		5,228
Total pension liability	$	5,354	$	8,135

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



	December 31,
(Dollars in thousands)	2018		2017
Net periodic benefit cost
Interest cost	$	180	$	180
Amortization of prior service costs		—		—
Amortization of net actuarial gain		154		127
Net periodic benefit cost	$	334	$	307
Items recognized in other comprehensive income
Amortization of net loss		(154)		(127)
Total recognized in other comprehensive income	$	(154)	$	(127)
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



	December 31,
(Dollars in thousands)	2018		2017
Unamortized actuarial loss	$	2,438	$	2,592
Accumulated other comprehensive loss	$	2,438	$	2,592

Schedule Of Expected Benefit Payments



(Dollars in thousands)	Estimated Future Pension Payments
2019	$	684
2020		684
2021		684
2022		684
2023		684
Thereafter		1,934
Total pension payments	$	5,354

Schedule Of Reconciliation Of The Lease Make-Good Provision



(Dollars in thousands)	As of and for the year ended December 31, 2018		As of and for the year ended December 31, 2017
Lease make-good provision, at January 1	$	5,648	$	5,146
Liabilities incurred during the year		—		—
Liabilities settled during the year		—		—
Accretion expense		292		282
Effect of changes in foreign currency		(326)		220
Lease make-good provision, at December 31	$	5,614	$	5,648

Non-controlling Interests (Tables)

12 Months Ended

Dec. 31, 2018

Non-controlling Interests [Abstract]

Components Of Non-controlling Interests



	December 31,
(Dollars in thousands)	2018		2017
Australian Country Cinemas, Pty Ltd	$	89	$	138
Shadow View Land and Farming, LLC		2,153		2,127
Sutton Hill Properties, LLC		2,095		2,066
Non-controlling interests in consolidated subsidiaries	$	4,337	$	4,331

Components Of Income Attributable To Non-controlling Interest



(Dollars in thousands)	2018		2017		2016
Australian Country Cinemas, Pty Ltd	$	157	$	164	$	140
Shadow View Land and Farming, LLC		(56)		(45)		(58)
Sutton Hill Properties, LLC		31		(108)		(68)
Net income attributable to non-controlling interests in consolidated subsidiaries	$	132	$	11	$	14

Shared-Based Compensation And Share Repurchase Plans (Tables)

12 Months Ended

Dec. 31, 2018

Shared-Based Compensation And Share Repurchase Plans [Abstract]

Schedule Of Fair Value Of Options, Weighted Average Assumptions



	2018		2017		2016
Stock option exercise price	$	16.40	$	15.94	$	11.87
Risk-free interest rate		2.56%		1.66%		1.20%
Expected dividend yield		—		—		—
Expected option life in years		3.75		3.75		3.75
Expected volatility		24.99%		24.95%		25.01%
Weighted average fair value	$	3.80	$	3.45	$	2.49

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, 2016	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
Granted	126,840	—		16.40		—
Exercised	(60,000)	—		6.02		—			610,249
Expired	(4,960)	—		12.08		—
Outstanding - December 31, 2018	586,469	—	$	14.01	$	—	2.88	$	1,530,528

Schedule 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, 2018	231,124	—	$	12.38	$	—	2.28	$	1,306,643
December 31, 2017	186,832	—		9.84		—	2.30		2,202,772
December 31, 2016	296,500	—		7.88		—	1.59		2,584,500
Unvested
December 31, 2018	355,345	—	$	15.07	$	—	3.27	$	223,885
December 31, 2017	337,757	—		13.86		—	3.62		851,552
December 31, 2016	238,577	—		12.28		—	3.87		1,030,691

Schedule Of Restricted Stock Units Issued And Vested



	Number of RSUs				$ value of RSUs
	Granted	Vesting	Unvested	Granted		Vesting		Unvested
2016	68,153	51,650	16,503	$	815,160	$	613,208	$	201,952
2017	70,538	40,645	29,893		1,124,348		648,569		475,779
2018	97,600	—	97,600		1,567,171		—		1,567,171
Total	236,291	92,295	143,996	$	3,506,679	$	1,261,777	$	2,244,902

Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2018

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)		Hedge Accounting Reserve(3)		Total
Balance at January 1, 2018	$	23,575	$	8	$	(2,592)	$	—	$	20,991

Change related to derivatives
Total change in hedge fair value recorded in Other Comprehensive Income		—		—		—		(151)		(151)
Amounts reclassified from accumulated other comprehensive income		—		—		—		14		14
Net change related to derivatives		—		—		—		(137)		(137)

Net current-period other comprehensive income		(14,888)		(5)		154		(137)		(14,876)
Balance at December 31, 2018	$	8,687	$	3	$	(2,438)	$	(137)	$	6,115

(1)

Net of income tax expense of $389,000.

(2)

Net of income tax expense of $54,000.

(3)

Net of income tax benefit of $48,000

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Measurements [Abstract]

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



		Carrying		Fair Value Measurements at December 31, 2018
(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	$	139,130	$	—	$	—	$	143,564	$	143,564
Subordinated debt	Subordinated debt		27,913		—		—		18,895		18,895
Total		$	167,043	$	—	$	—	$	162,459	$	162,459



		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

(1)

These balances are presented gross of deferred financing costs.

Hedge Accounting (Tables)

12 Months Ended

Dec. 31, 2018

Hedge Accounting [Abstract]

Schedule Of Derivative Instruments On The Balance Sheet At Fair Value


	Liability Derivatives
	December 31,
	2018			2017
(Dollars in thousands)	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate contracts	Derivative financial instruments - current portion	$	41	—	$	—
	Derivative financial instruments - non-current portion		145	—		—
Total derivatives designated as hedging instruments		$	186		$	—
Total derivatives		$	186		$	—

Schedule Of Changes in Fair value


(Dollars in thousands)	Location of Loss Recognized in Income on Derivatives	Amount of Loss Recognized in Income on Derivatives
			2018		2017
Interest rate contracts	Interest expense, net		14		—
Total		$	14	$	—

Summary Of Hedged Transactions That Affect Earnings


	Loss Recognized in OCI on Derivatives (Effective Portion)				Loss Reclassified from OCI into Income (Effective Portion)					Loss Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
(Dollars in thousands)	Amount				Line Item	Amount				Line Item	Amount
	2018		2017			2018		2017			2018		2017
Interest rate contracts	$	200	$	—	Interest expense, net	$	14	$	—	Interest expense, net	$	—	$	—
Total	$	200	$	—		$	14	$	—		$	—	$	—

Leases (Tables)

12 Months Ended

Dec. 31, 2018

Leases [Abstract]

Schedule Of Future Minimum Rental Income Under Operating Leases



(Dollars in thousands)	Future Minimum Rentals
2019	$	7,964
2020		6,807
2021		6,190
2022		5,337
2023		4,714
Thereafter		9,632
Total	$	40,644

Schedule Of Base And Contingent Rental Expenses



(Dollars in thousands)	2018		2017		2016
Base rent expense	$	32,281	$	31,630	$	29,824
Contingent rental expense		1,774		2,505		1,484
Total cinema rent expense	$	34,055	$	34,135	$	31,308

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



	Minimum Lease Payments at December 31, 2018
(Dollars in thousands)	Ground Lease		Premises Lease		Total
2019	$	3,717	$	27,204	$	30,921
2020		1,922		23,870		25,792
2021		1,860		23,368		25,228
2022		1,901		21,901		23,802
2023		1,905		18,737		20,642
Thereafter		10,498		78,741		89,239
Total	$	21,803	$	193,821	$	215,624

Insurance Recoveries On Impairment And Related Losses Due To Earthquake (Tables)

12 Months Ended

Dec. 31, 2018

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.

(3)

(4)

Unaudited Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2018

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)
2018
Revenue	$	75,872		84,262		74,261	$	74,990
Net income		3,104		4,129		1,259		6,006
Net income attributable to RDI shareholders		3,082		5,027		1,297		4,960
Basic earnings per share		0.13		0.22		0.06		0.21
Diluted earnings per share		0.13		0.22		0.06		0.21
2017
Revenue	$	69,481	$	72,440	$	66,116	$	71,841
Net income		3,060		19,071		1,478		7,503
Net income attributable to RDI shareholders		3,048		19,051		1,576		7,426
Basic earnings per share		0.13		0.82		0.07		0.33
Diluted earnings per share		0.13		0.81		0.07		0.32

(1)

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, 2018

USD ($)

^[1]

Sep. 30, 2018

USD ($)

Jun. 30, 2018

USD ($)

Mar. 31, 2018

USD ($)

Dec. 31, 2017

USD ($)

^[1]

Sep. 30, 2017

USD ($)

Jun. 30, 2017

USD ($)

Mar. 31, 2017

USD ($)

Dec. 31, 2018

USD ($)

segment

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

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

$ 74,990

$ 74,261

$ 84,262

$ 75,872

$ 71,841

$ 66,116

$ 72,440

$ 69,481

$ 309,385

$ 279,879

$ 270,866

^[2]

(244,722)

(224,456)

(214,933)

(22,275)

(16,942)

(15,689)

^[2]

(27,337)

(25,347)

(26,906)

^[2]

(285,307)

(259,173)

(250,162)

^[2]

Number of segments | segment

$ 24,078

20,706

20,704

^[2]

Operating Segments [Member]

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

$ 318,412

287,452

278,232

(21,881)

(16,469)

(15,294)

(272,653)

(246,326)

(235,412)

Inter-segment Elimination [Member]

45,759

41,126

42,820

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

^[3]

(9,027)

(7,573)

(7,366)

^[3]

9,027

7,573

7,366

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

Cinema [Member] | Operating Segments [Member]

(234,818)

(215,020)

(205,889)

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

294,177

263,464

256,922

(16,314)

(12,213)

(11,772)

(254,856)

(230,494)

(221,424)

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

39,321

32,970

35,498

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

^[3]

(9,027)

(7,573)

(7,366)

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

Real Estate [Member] | Operating Segments [Member]

(9,904)

(9,436)

(9,044)

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

24,235

23,988

21,310

(5,567)

(4,256)

(3,522)

(17,797)

(15,832)

(13,988)

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

6,438

8,156

7,322

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

Segment [Member] | Operating Segments [Member]

^[3]

(9,027)

(7,573)

(7,366)

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

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

(6,050)

(5,401)

(5,185)

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

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

(3,724)

(3,261)

(3,763)

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

Third Party [Member] | Operating Segments [Member]

(2,326)

(2,140)

(1,422)

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

309,385

279,879

270,866

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

(235,695)

(216,883)

(207,567)

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

294,177

263,464

256,922

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

(225,791)

(207,447)

(198,523)

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

15,208

16,415

13,944

$ (9,904)

$ (9,436)

$ (9,044)

[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, 2018

USD ($)

Dec. 31, 2017

NZD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Depreciation and amortization expense

$ 24,078

$ 20,706

$ 20,704

^[1]

(22,275)

(16,942)

(15,689)

^[1]

(27,337)

(25,347)

(26,906)

^[1]

Interest expense, net

(6,837)

(6,194)

(6,782)

^[1]

(Loss) gain on sale of assets

974

815

999

^[1]

(41)

9,360

393

^[1]

Casualty gain (loss)

$ 12.7

9,217

(1,421)

^[1]

Other (expense) income

(256)

588

(63)

^[1]

Operating Segments [Member]

17,918

34,492

13,830

^[1]

Depreciation and amortization expense

45,759

41,126

42,820

(21,881)

(16,469)

(15,294)

Unallocated Corporate Expense [Member]

Depreciation and amortization expense

(394)

(473)

(395)

(21,287)

(19,947)

(21,721)

Interest expense, net

(6,837)

(6,194)

(6,782)

(Loss) gain on sale of assets

974

815

999

(41)

9,360

393

Casualty gain (loss)

9,217

(1,421)

Other (expense) income

(256)

588

(63)

$ 17,918

$ 34,492

$ 13,830

[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, 2018

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Cash and cash equivalents

$ 439,028

$ 423,403

13,127

13,668

$ 19,017

$ 19,702

United States [Member]

220,777

188,639

Australia [Member]

156,768

169,412

New Zealand [Member]

61,483

65,352

Country [Member]

439,028

423,403

138,850

135,184

263,783

249,622

Corporate [Member]

Summary Of Significant Accounting Policies [Line Items]

^[1]

$ 36,395

$ 38,597

[1]	Corporate Assets includes cash and cash equivalents of $13.1 million and $13.7 million as of December 31, 2018 and 2017, respectively.

Description Of Business And Segment Reporting (Schedule Of Operating Property By Country) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total operating property	$ 257,667	$ 264,724
United States [Member]
Segment Reporting Information [Line Items]
Total operating property	95,710	89,183
Australia [Member]
Segment Reporting Information [Line Items]
Total operating property	132,624	143,200
New Zealand [Member]
Segment Reporting Information [Line Items]
Total operating property	$ 29,333	$ 32,341

Description Of Business And Segment Reporting (Summary Of Capital Expenditures) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Total capital expenditures	$ 56,827	$ 76,708	$ 49,166
Segment [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	56,795	76,300	49,023
Corporate [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	$ 32	$ 408	$ 143

Summary Of Significant Accounting Policies (Narrative) (Details)

3 Months Ended

9 Months Ended

12 Months Ended

Dec. 31, 2017

USD ($)

Sep. 30, 2018

USD ($)

Dec. 31, 2018

USD ($)

segment

Dec. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Jan. 01, 2019

USD ($)

Restricted cash, Current

$ 17,000

$ 1,300,000

$ 17,000

Number of segments | segment

Derivative position

$ 186,000

Goodwill impairment

$ 0

Advertising expense

2,400,000

2,300,000

Gains/(losses) on the settlement of litigation

1,800,000

415,000

Deferred tax asset

24,746,000

26,235,000

24,746,000

Occupancy cost expense

(9,904,000)

(9,437,000)

(9,044,000)

^[1]

Prior period immaterial error amount

$ 440,000

Non Income Producing Properties [Member]

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 2016-02 [Member]

50.00%

Summary Of Significant Accounting Policies [Line Items]

Lease liabilities

$ 250,000,000

Operating Lease, Liability, Statement of Financial Position [Extensible List]

us-gaap:Liabilities

Right-of-use assets

$ 250,000,000

Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]

us-gaap:Assets

Australian Country Cinemas, Pty Ltd [Member]

Summary Of Significant Accounting Policies [Line Items]

Ownership percentage by parent

75.00%

Sutton Hill Properties, LLC [Member]

Summary Of Significant Accounting Policies [Line Items]

Ownership percentage by parent

75.00%

Summary Of Significant Accounting Policies [Line Items]

Ownership percentage by parent

50.00%

Minimum [Member]

Summary Of Significant Accounting Policies [Line Items]

Summary Of Significant Accounting Policies [Line Items]

20.00%

Lease term of contract

5 years

Maximum [Member]

Operating lease renewal term

50.00%

20 years

Lease term of contract

15 years

Summary Of Significant Accounting Policies [Line Items]

Area of property | a

202

Summary Of Significant Accounting Policies [Line Items]

Deferred tax asset

$ 611,000

Occupancy cost expense

$ 544,000

[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 (Schedule Of Estimated Useful Lives Of Assets) (Details)	12 Months Ended
	Dec. 31, 2018
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	3 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, 2018	Dec. 31, 2017	Dec. 31, 2016
Australian Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.7046	0.7815	0.7230
Australian Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.7479	0.7670	0.7440
New Zealand Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6711	0.7100	0.6958
New Zealand Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6930	0.7111	0.6973

Summary Of Significant Accounting Policies (Effect Of The Adoption Of ASC 2014-09 On Financial Statements) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred income taxes	$ 26,235	$ 24,585	$ 24,746
Deferred current revenue	9,264	9,495	9,850
Retained earnings	$ 47,616	$ 33,250	33,056
As Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred income taxes			24,908
Retained earnings			32,679
Adjustments [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred income taxes			(162)
Retained earnings			377
Adjustments [Member] \| Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred income taxes			(161)
Deferred current revenue			(355)
Retained earnings			$ 194

Summary Of Significant Accounting Policies (Effect Of The Adoption Of ASC 606 On Financial Statements) (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

^[2]

Jan. 01, 2018

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

$ 74,990

^[1]

$ 74,261

$ 84,262

$ 75,872

$ 71,841

^[1]

$ 66,116

$ 72,440

$ 69,481

$ 309,385

$ 279,879

$ 270,866

(3,420)

(3,380)

(4,138)

6,006

^[1]

$ 1,259

$ 4,129

$ 3,104

7,503

^[1]

$ 1,478

$ 19,071

$ 3,060

14,498

31,112

9,692

Deferred income taxes

26,235

24,746

26,235

24,746

$ 24,585

Deferred current revenue

9,264

9,850

9,264

9,850

9,495

Balances Without Adoption of ASC 606 [Member]

47,616

$ 33,056

47,616

33,056

$ 33,250

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

(3,356)

14,641

Deferred income taxes

26,299

Deferred current revenue

9,471

Effect Of Change Higher/(Lower) [Member]

47,473

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

143

Deferred income taxes

(64)

Deferred current revenue

(207)

$ 143

143

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Cinema [Member] | Balances Without Adoption of ASC 606 [Member]

294,177

$ 263,464

$ 256,922

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Cinema [Member] | Effect Of Change Higher/(Lower) [Member]

293,970

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

$ 207

[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 Statements Of Income) (Details) - USD ($)

3 Months Ended

12 Months Ended

Dec. 31, 2018

^[1]

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

^[1]

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2016

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

$ 74,990,000

$ 74,261,000

$ 84,262,000

$ 75,872,000

$ 71,841,000

$ 66,116,000

$ 72,440,000

$ 69,481,000

$ 309,385,000

$ 279,879,000

$ 270,866,000

^[2]

24,078,000

20,706,000

20,704,000

^[2]

17,918,000

34,492,000

13,830,000

^[2]

(3,420,000)

(3,380,000)

(4,138,000)

^[2]

Net income attributable to Reading International, Inc. common shareholders

6,006,000

1,259,000

4,129,000

3,104,000

7,503,000

1,478,000

19,071,000

3,060,000

14,498,000

31,112,000

9,692,000

^[2]

$ 4,960,000

$ 1,297,000

$ 5,027,000

$ 3,082,000

$ 7,426,000

$ 1,576,000

$ 19,051,000

$ 3,048,000

$ 14,366,000

$ 31,101,000

$ 9,678,000

^[2]

$ 0.21

$ 0.06

$ 0.22

$ 0.13

$ 0.33

$ 0.07

$ 0.82

$ 0.13

$ 0.62

$ 1.35

$ 0.42

^[2]

$ 0.21

$ 0.06

$ 0.22

$ 0.13

$ 0.32

$ 0.07

$ 0.81

$ 0.13

$ 0.62

$ 1.34

$ 0.41

^[2]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

$ 15,208,000

$ 16,415,000

$ 13,944,000

^[2]

As Reported [Member]

279,734,000

270,473,000

20,561,000

20,311,000

34,347,000

13,437,000

(3,337,000)

(4,020,000)

Net income attributable to Reading International, Inc. common shareholders

31,010,000

9,417,000

$ 30,999,000

$ 9,403,000

$ 1.35

$ 0.40

As Reported [Member] | Real Estate [Member]

$ 1.33

$ 0.40

Error Corrections and Prior Period Adjustments Restatement [Line Items]

$ 16,270,000

$ 13,551,000

Error Corrections and Prior Period Adjustments Restatement [Line Items]

145,000

393,000

145,000

393,000

145,000

393,000

$ 611,000

(43,000)

(118,000)

Net income attributable to Reading International, Inc. common shareholders

102,000

275,000

$ 102,000

$ 275,000

$ 0.02

Adjustments [Member] | Real Estate [Member]

$ 0.01

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

$ 145,000

$ 393,000

[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

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2018

Jan. 01, 2018

Dec. 31, 2017

$ 181,618

$ 146,890

$ 181,618

$ 146,890

$ 138,951

$ 4,960

^[1]

$ 1,297

$ 5,027

3,082

$ 7,426

^[1]

$ 1,576

$ 19,051

3,048

14,366

31,101

9,678

^[2]

180,547

181,618

180,547

181,618

146,890

Deferred tax asset

$ 26,235

$ 24,585

$ 24,746

Other assets

6,129

5,082

439,028

423,403

Total stockholders’ equity

47,616

$ 33,250

33,056

$ 180,547

181,618

146,890

181,618

146,890

138,951

$ 180,547

181,618

As Reported [Member]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

181,241

146,615

181,241

146,615

138,951

30,999

9,403

Total stockholders’ equity

181,241

146,615

24,908

4,543

423,026

32,679

181,241

146,615

181,241

146,615

138,951

181,241

Error Corrections and Prior Period Adjustments Restatement [Line Items]

377

275

377

275

102

275

Total stockholders’ equity

377

275

(162)

539

377

377

$ 377

$ 275

$ 377

$ 275

$ 377

[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).

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

Error Corrections and Prior Period Adjustments Restatement [Line Items]

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, 2018

^[1]

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

^[1]

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

$ 6,006

$ 1,259

$ 4,129

$ 3,104

$ 7,503

$ 1,478

$ 19,071

$ 3,060

$ 14,498

$ 31,112

$ 9,692

^[2]

(1,719)

4,117

(4,942)

Net cash provided by operating activities

(2,761)

350

(992)

$ 32,645

23,851

30,188

As Reported [Member]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

31,010

9,417

4,073

(5,060)

Net cash provided by operating activities

496

(599)

23,851

30,188

Error Corrections and Prior Period Adjustments Restatement [Line Items]

102

275

118

$ (146)

$ (393)

[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).

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

Net income attributable to RDI common stockholders

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, 2018

^[1]

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

^[1]

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Earnings Per Share [Abstract]

$ 4,960

$ 1,297

$ 5,027

$ 3,082

$ 7,426

$ 1,576

$ 19,051

$ 3,048

$ 14,366

$ 31,101

$ 9,678

^[2]

Weighted average number of common stock – basic

22,991,277

23,041,190

23,320,048

^[2]

Weighted average dilutive impact of stock-based awards

217,714

206,779

201,109

Weighted average shares of common stock – diluted

23,208,991

23,247,969

23,521,157

^[2]

Basic EPS attributable to RDI common stockholders

$ 0.21

$ 0.06

$ 0.22

$ 0.13

$ 0.33

$ 0.07

$ 0.82

$ 0.13

$ 0.62

$ 1.35

$ 0.42

^[2]

Diluted EPS attributable to RDI common stockholders

$ 0.21

$ 0.06

$ 0.22

$ 0.13

$ 0.32

$ 0.07

$ 0.81

$ 0.13

$ 0.62

$ 1.34

$ 0.41

^[2]

Awards excluded from diluted EPS

276,681

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).

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

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

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

Property, Plant and Equipment [Line Items]

Real Estate Transactions (Narrative) (Details)								12 Months Ended
Real Estate Transactions (Narrative) (Details)	Jun. 13, 2018 AUD ($) m²	Dec. 14, 2017 AUD ($)	Dec. 14, 2017 USD ($)	Jun. 19, 2017 AUD ($)	Jun. 19, 2017 USD ($)	May 23, 2014 AUD ($)	May 23, 2014 USD ($)	Dec. 31, 2018 AUD ($)	Dec. 31, 2018 USD ($)	Jun. 29, 2018 m²	Jun. 29, 2018 ft²	Jun. 29, 2018 m	Jun. 29, 2018 ft	Jun. 29, 2018 AUD ($)	Jun. 29, 2018 USD ($)	Jun. 13, 2018 ft²	May 12, 2014 AUD ($) a	May 12, 2014 USD ($) a
Burwood [Member]
Property, Plant and Equipment [Line Items]
Sale price								$ 64,925,000									$ 65,000,000	$ 50,600,000
Adjustment to sale price								$ 75,000	$ 56,000
Area of property \| a																	50.6	50.6
Proceeds from the sale property		$ 36,600,000	$ 28,100,000	$ 21,800,000	$ 16,600,000	$ 6,500,000	$ 5,900,000
Property In Auburn, Australia [Member]
Property, Plant and Equipment [Line Items]
Sale price														$ 4,500,000	$ 3,500,000
Land At Cannon Park, Australia [Member]
Property, Plant and Equipment [Line Items]
Area of property	15,150															163,000
Payment to acquire property \| $	$ 1
Building [Member] \| Property In Auburn, Australia [Member]
Property, Plant and Equipment [Line Items]
Area of property											16,830
Land [Member] \| Property In Auburn, Australia [Member]
Property, Plant and Equipment [Line Items]
Area of property											20,870
Land [Member] \| Property In Auburn, Australia [Member] \| Redyard ETC [Member]
Property, Plant and Equipment [Line Items]
Area of property										48,309	519,992
Length of frontage												498	1,620
Rentable Area											147,000

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

Dec. 31, 2018

AUD ($)

May 12, 2014

AUD ($)

May 12, 2014

USD ($)

Selling price

$ 64,925

$ 65,000

$ 50.6

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.

Properties And Equipments (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Properties And Equipments [Abstract]
Depreciation expense for operating property	$ 19.5	$ 14.0	$ 15.1
Capitalized interest	$ 3.3	$ 1.2

Properties And Equipments (Schedule Of Property And Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Properties And Equipments [Abstract]
Land	$ 75,689	$ 76,457
Building and improvements	149,734	153,232
Leasehold improvements	55,299	48,481
Fixtures and equipment	167,943	145,033
Construction-in-progress	3,478	26,000
Total cost	452,143	449,203
Less: accumulated depreciation	(194,476)	(184,479)
Operating Properties, net	$ 257,667	$ 264,724

Properties And Equipments (Schedule Of The Gross And Carrying Amounts Of The Properties Leased Of Held-For-Leasing) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Properties And Equipments [Abstract]
Gross balance	$ 67,887	$ 71,749
Accumulated depreciation	17,709	17,585
Net Book Value	$ 50,178	$ 54,164

Properties And Equipments (Summary Of Investment And Development Property) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Investment and development properties, net	$ 86,804	$ 61,254
Land [Member]
Property, Plant and Equipment [Line Items]
Investment and development properties, net	24,371	25,025
Building [Member]
Property, Plant and Equipment [Line Items]
Investment and development properties, net	1,900	1,900
Construction-In-Progress (including capitalized interest) [Member]
Property, Plant and Equipment [Line Items]
Investment and development properties, net	$ 60,533	$ 34,329

Investments In Unconsolidated Joint Ventures (Narrative) (Details)	3 Months Ended		12 Months Ended
	Jun. 30, 2017 NZD ($)	Jun. 30, 2017 USD ($)	Dec. 31, 2018 item
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Number of movie theatre			2
Number of screens on property			13
Ownership percentage			50.00%
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Number of screens on property			16
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, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Total investments	$ 5,121	$ 5,304
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Interest	33.30%
Total investments	$ 3,861	4,118
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Interest	50.00%
Total investments	$ 1,260	$ 1,186

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Schedule of Equity Method Investments [Line Items]

Total equity earnings

$ 974

$ 815

$ 999

^[1]

Mt. Gravatt [Member]

Schedule of Equity Method Investments [Line Items]

Total equity earnings

690

726

805

Rialto Cinemas [Member]

Schedule of Equity Method Investments [Line Items]

Total equity earnings

$ 284

$ 89

$ 194

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

This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.

Income before income taxes and equity earnings of unconsolidated joint ventures

Goodwill And Intangible Assets (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment	$ 0	$ 0	$ 0
Intangible assets, net	7,369,000	8,542,000
Intangible assets amortization	$ 1,900,000	1,700,000	$ 1,900,000
Beneficial Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	30 years
Intangible assets, net	$ 4,447,000	5,568,000
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 2,047,000	2,318,000
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	30 years
Intangible assets, net	$ 875,000	656,000
Maximum [Member] \| Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	30 years
Liquor Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 496,000	$ 421,000

Goodwill And Intangible Assets (Summary Of Goodwill) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Line Items]
Beginning balance	$ 20,276	$ 19,828
Foreign currency translation adjustment	(831)	448
Ending balance	19,445	20,276
Cinema [Member]
Goodwill [Line Items]
Beginning balance	15,052	14,604
Foreign currency translation adjustment	(831)	448
Ending balance	14,221	15,052
Real Estate [Member]
Goodwill [Line Items]
Beginning balance	5,224	5,224
Ending balance	$ 5,224	$ 5,224

Goodwill And Intangible Assets (Summary Of Intangible Assets Other Than Goodwill) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 37,797	$ 37,253
Less: Accumulated amortization	(30,428)	(28,711)
Net intangible assets other than goodwill	7,369	8,542
Beneficial Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	28,592	28,860
Less: Accumulated amortization	(24,145)	(23,292)
Net intangible assets other than goodwill	4,447	5,568
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	7,254	7,254
Less: Accumulated amortization	(5,207)	(4,936)
Net intangible assets other than goodwill	2,047	2,318
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,951	1,139
Less: Accumulated amortization	(1,076)	(483)
Net intangible assets other than goodwill	$ 875	$ 656

Goodwill And Intangible Assets (Schedule Of Estimated Amortization Expense) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Goodwill And Intangible Assets [Abstract]
2019	$ 1,342
2020	979
2021	840
2022	750
2023	729
Thereafter	2,233
Total future amortization expense	$ 6,873

Prepaid And Other Assets (Summary Of Prepaid And Other Assets) (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Feb. 05, 2007
Prepaid And Other Assets [Abstract]
Prepaid expenses	$ 1,761,000	$ 1,625,000
Prepaid taxes	646,000	653,000
Income taxes receivable	2,704,000	1,686,000
Prepaid rent	930,000	1,055,000
Deposits	242,000	243,000
Restricted cash	1,342,000	17,000
Investment in marketable securities	42,000	46,000
Total prepaid and other current assets	7,667,000	5,325,000
Other non-cinema and non-rental real estate assets	1,134,000	1,134,000
Investment in Reading International Trust I	838,000	838,000	$ 1,500,000
Straight-line rent asset	4,150,000	3,103,000
Long-term deposits	7,000	7,000
Total non-current assets	$ 6,129,000	$ 5,082,000

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
Income Taxes (Narrative) (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Line Items]
Federal tax rate			21.00%	35.00%
Provisional tax expense		$ 13,000,000
Net deferred tax assets	$ 2,300,000
One-time mandatory repatriation tax			$ 1,200,000
Valuation allowance	6,720,000	6,870,000	6,720,000	$ 6,870,000
Deferred tax liability			1,100,000
Net tax impact			10,700,000
Refundable carry forward			1,100,000
Increase (decrease) to unrecognized tax interest			430,000	203,000
Unrecognized tax interest	9,500,000	9,100,000	9,500,000	9,100,000
Impact of effective tax rate if recognized	4,700,000	3,100,000	4,700,000	3,100,000
Alternative minimum tax credit carry-forwards	1,117,000	$ 939,000	1,117,000	$ 939,000
Domestic Tax Authority [Member]
Income Tax Disclosure [Line Items]
Alternative minimum tax credit carry-forwards	11,700,000		11,700,000
United States [Member]
Income Tax Disclosure [Line Items]
Alternative minimum tax credit carry-forwards	2,200,000		2,200,000
New Zealand [Member]
Income Tax Disclosure [Line Items]
Alternative minimum tax credit carry-forwards	8,100,000		8,100,000
California [Member]
Income Tax Disclosure [Line Items]
Alternative minimum tax credit carry-forwards	4,900,000		4,900,000
Hawaii [Member]
Income Tax Disclosure [Line Items]
Alternative minimum tax credit carry-forwards	1,800,000		1,800,000
New York State [Member]
Income Tax Disclosure [Line Items]
Alternative minimum tax credit carry-forwards	43,300,000		43,300,000
New York City [Member]
Income Tax Disclosure [Line Items]
Alternative minimum tax credit carry-forwards	43,300,000		43,300,000
Minimum [Member]
Income Tax Disclosure [Line Items]
Uncertain tax position probable changes in next 12 months	500,000		500,000
Maximum [Member]
Income Tax Disclosure [Line Items]
Uncertain tax position probable changes in next 12 months	$ 1,500,000		$ 1,500,000

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Income Tax Disclosure [Line Items]

$ 16,944

$ 33,677

$ 12,831

^[1]

974

815

999

^[1]

Income before income taxes and equity earnings of unconsolidated joint ventures

17,918

34,492

13,830

United States [Member]

Income Tax Disclosure [Line Items]

(3,039)

(5,143)

(1,886)

Income before income taxes and equity earnings of unconsolidated joint ventures

Foreign [Member]

Income Tax Disclosure [Line Items]

19,983

38,820

14,717

$ 974

$ 815

$ 999

[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 The Provision For Income Taxes) (Details) - USD ($)

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Current income tax expense (benefit), Federal

^[1]

$ 297,000

$ (7,846,000)

$ 2,982,000

Current income tax expense (benefit), State

382,000

775,000

675,000

Current income tax expense (benefit), Foreign

6,158,000

7,079,000

4,685,000

Total current income tax expense (benefit)

6,837,000

8,000

8,342,000

Deferred income tax expense (benefit), Federal

(3,869,000)

3,654,000

(4,197,000)

Deferred income tax expense (benefit), State

22,000

(2,351,000)

(422,000)

Deferred income tax expense (benefit), Foreign

430,000

2,069,000

415,000

Total deferred income tax expense (benefit)

(3,417,000)

3,372,000

(4,204,000)

Total income tax expense (benefit)

$ 3,420,000

3,380,000

$ 4,138,000

^[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	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Abstract]
Net operating loss carry forwards	$ 8,199	$ 8,579
Alternative minimum tax credit carry-forwards	1,117	939
Foreign Tax Credit	2,715
Compensation and employee benefits	3,906	4,146
Deferred revenue	2,266	2,500
Accrued expenses	6,916	6,017
Accrued taxes	2,086	2,440
Land and property	7,373	8,457
Other		106
Total Deferred Tax Assets	34,578	33,184
Intangibles	(1,256)	(1,087)
Cancellation of indebtedness		(481)
Other	(367)
Total Deferred Tax Liabilities	(1,623)	(1,568)
Net deferred tax assets before valuation allowance	32,955	31,616
Valuation allowance	(6,720)	(6,870)
Net deferred tax asset	$ 26,235	$ 24,746

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Foreign tax rate differential

Expected tax provision

$ 3,763

$ 12,073

$ 4,704

1,874

(2,160)

(668)

Change in valuation allowance

(451)

(905)

129

State and local tax provision

405

(541)

307

Prior year adjustments

(79)

(954)

Unrecognized tax benefits

438

(8,498)

262

Advanced to Overseas Subsidiary

(7,620)

Impact of Tax Act

(2,265)

13,018

Non-taxable insurance proceeds

(1,871)

GILTI

193

Foreign Tax Credit

(846)

Other

268

(37)

358

Total income tax expense

$ 3,420

$ 3,380

$ 4,138

^[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, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Abstract]
Unrecognized tax benefits – gross beginning balance	$ 3,123	$ 11,480	$ 11,022
Gross increase (decrease) - prior year tax positions	2,304	(7,905)	133
Gross increase (decrease) – current period tax positions			325
Settlements	(718)	(452)
Unrecognized tax benefits – gross ending balance	$ 4,709	$ 3,123	$ 11,480

Borrowings (Minetta And Orpheum Theatres Loan) (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
	Oct. 12, 2018	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Loan amount		$ 252,929	$ 271,732
Minetta And Orpheum Theatres Loan [Member]
Debt Instrument [Line Items]
Loan amount		$ 8,000	$ 7,500
Minetta And Orpheum Theatres Loan [Member] \| Santander Bank [Member]
Debt Instrument [Line Items]
Loan amount	$ 8,000
Debt instrument term		5 years

Borrowings (Banc of America Digital Projector Loan) (Narrative) (Details) - USD ($) $ in Thousands		2 Months Ended	12 Months Ended
	Feb. 05, 2018	Apr. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Contractual facility			$ 252,929	$ 271,732
Banc Of America Digital Projector Loan [Member]
Debt Instrument [Line Items]
Contractual facility	$ 4,600	$ 4,900
Interest rate	5.00%

Borrowings (Union Square Construction Financing) (Narrative) (Details) $ in Thousands		12 Months Ended
	Dec. 29, 2016 USD ($) loan	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Debt Instrument [Line Items]
Contractual facility		$ 252,929	$ 271,732
Union Square Construction Financing [Member]
Debt Instrument [Line Items]
Contractual facility	$ 57,500	57,500
Advanced-to-Date		27,182
Facility Limit		57,500
Union Square Construction Financing [Member] \| Bank Of The Ozarks [Member]
Debt Instrument [Line Items]
Contractual facility	$ 50,000
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
Advanced-to-Date		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. 13, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Contractual facility			$ 252,929	$ 271,732
U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument term			10 years
Contractual facility		$ 8,400	$ 9,495	$ 9,719
Interest rate	4.44%				4.64%
Debt increase	$ 1,500

Borrowings (Bank Of America Line Of Credit) (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Contractual facility	$ 252,929	$ 271,732
US Bank Of America Line Of Credit [Member]
Debt Instrument [Line Items]
Maturity date	Oct. 31, 2019	Oct. 31, 2019
Contractual facility	$ 5,000	$ 5,000
Extension period	2 years

Borrowings (Cinemas 1, 2, 3 Term Loan) (Narrative) (Details) $ in Thousands		12 Months Ended
	Aug. 31, 2016 USD ($)	Dec. 31, 2018 USD ($) item	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Debt Instrument [Line Items]
Contractual facility		$ 252,929	$ 271,732
Sutton Hill Properties, LLC [Member]
Debt Instrument [Line Items]
Ownership percentage by parent		75.00%
US Cinema 1, 2, 3 Term Loan [Member]
Debt Instrument [Line Items]
Contractual facility	$ 15,000	$ 19,086	$ 19,500	$ 20,000
Maturity date		Sep. 01, 2019	Sep. 01, 2019
Interest rate				3.25%
Line of credit facility, maximum borrowing capacity				$ 20,000
Number of extension options \| item		1
US Cinema 1, 2, 3 Term Loan [Member] \| Sutton Hill Properties, LLC [Member]
Debt Instrument [Line Items]
Ownership percentage by parent				75.00%

Borrowings (Bank Of America Credit Facility) (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 03, 2016	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Contractual facility		$ 252,929	$ 271,732
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 (Trust Preferred Securities) (Narrative) (Details) - USD ($)						1 Months Ended	12 Months Ended
	Oct. 11, 2018	May 01, 2012	Apr. 30, 2009	Dec. 31, 2008	Feb. 05, 2007	Dec. 31, 2011	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2009	Dec. 31, 2008	Oct. 31, 2018	Dec. 31, 2014	Mar. 31, 2009
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
Preferred stock dividends payable							299,000	250,000
Marketable securities														$ 11,500,000
Loan amount							$ 252,929,000	$ 271,732,000
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
Trust preferred dividends paid							$ 1,600,000	$ 1,400,000	$ 1,400,000
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
Loan amount	$ 1,600,000						$ 27,913,000	$ 27,913,000
Initial payment												$ 1,100,000
Contractual obligation due in October 2021							270,000
Contractual obligation due in October 2025							$ 225,000

Borrowings (Australian NAB Corporate Loan Facility) (Narrative) (Details) - AUD ($) $ in Millions			12 Months Ended
	Mar. 15, 2019	Dec. 17, 2018	Dec. 31, 2018
Australian NAB Corporate Loan Facility Tier 1 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 66.5
Spread on variable interest rate		0.95%
Maturity date			Jun. 30, 2019
Australian NAB Corporate Loan Facility Tier 2 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 5.0
Spread on variable interest rate		1.90%
Australian NAB Corporate Loan Facility Tier 3 [Member]
Debt Instrument [Line Items]
Maturity date			Dec. 31, 2023
Subsequent Event [Member] \| Australian NAB Corporate Loan Facility Tier 3 [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 120.0
Subsequent Event [Member] \| Australian NAB Corporate Loan Facility Tier 3 [Member] \| Bank Guarantee Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5.0
Spread on variable interest rate	1.85%
Subsequent Event [Member] \| Australian NAB Corporate Loan Facility Tier 3 [Member] \| Core Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 40.0
Subsequent Event [Member] \| Australian NAB Corporate Loan Facility Tier 3 [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 80.0
Subsequent Event [Member] \| Minimum [Member] \| Australian NAB Corporate Loan Facility Tier 3 [Member]
Debt Instrument [Line Items]
Spread on variable interest rate	0.85%
Subsequent Event [Member] \| Maximum [Member] \| Australian NAB Corporate Loan Facility Tier 3 [Member]
Debt Instrument [Line Items]
Spread on variable interest rate	1.30%

Borrowings (New Zealand Westpac Bank Corporate Credit Facility) (Narrative) (Details) $ in Thousands, $ in Millions			12 Months Ended
	Dec. 20, 2018 NZD ($)	Dec. 19, 2018 NZD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Debt Instrument [Line Items]
Contractual facility			$ 252,929	$ 271,732
Westpac Bank Corporate Credit Facility, Tranch 1 [Member]
Debt Instrument [Line Items]
Contractual facility	$ 32.0	$ 35.0
Interest rate	1.10%
Westpac Bank Corporate Credit Facility, Tranch 1 [Member] \| Bank Bill Swap Bid Rate [Member]
Debt Instrument [Line Items]
Interest rate	1.75%
Westpac Bank Corporate Credit Facility, Tranch 2 [Member]
Debt Instrument [Line Items]
Contractual facility	$ 18.0

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

12 Months Ended

Oct. 11, 2018

Dec. 29, 2016

Dec. 13, 2016

Aug. 31, 2016

Mar. 03, 2016

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

$ 252,929

$ 271,732

167,043

134,501

Deferred financing costs, net

162,740

^[1]

130,525

^[2]

$ 4,300

$ 4,000

Trust Preferred Securities [Member]

Apr. 30, 2027

$ 1,600

$ 27,913

27,913

$ 26,061

^[1]

$ 27,554

^[2]

6.52%

5.38%

Bank Of America Credit Facility [Member]

6.52%

^[3]

5.38%

^[4]

May 01, 2020

Nov. 28, 2019

$ 55,000

25,000

31,000

$ 25,000

^[1]

$ 31,000

^[2]

5.02%

4.57%

US Bank Of America Line Of Credit [Member]

5.02%

^[3]

4.57%

^[4]

Oct. 31, 2019

$ 5,000

5.48%

4.57%

US Bank Of America Digital Projector Loan [Member]

5.48%

^[3]

4.57%

^[4]

Dec. 28, 2019

$ 2,604

2,604

^[1]

$ 2,604

5.00%

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

^[3]

5.00%

Sep. 01, 2019

$ 15,000

$ 19,086

$ 19,500

$ 20,000

19,086

19,500

$ 18,838

^[1]

$ 19,105

^[2]

3.25%

Minetta And Orpheum Theatres Loan [Member]

3.25%

^[3]

3.25%

^[4]

Nov. 01, 2023

Jun. 01, 2018

$ 8,000

$ 7,500

8,000

7,500

$ 7,857

^[1]

$ 7,470

^[2]

4.88%

4.13%

U.S. Corporate Office Term Loan [Member]

4.88%

^[3]

4.13%

^[4]

Jan. 01, 2027

$ 8,400

$ 9,495

$ 9,719

9,495

9,719

$ 9,373

^[1]

$ 9,582

^[2]

Union Square Construction Financing [Member]

4.61%

^[3]

4.61%

^[4]

Dec. 29, 2019

$ 57,500

27,182

^[1]

$ 25,280

US Union Square Theatre Term Loan [Member]

^[3]

8.35%

Dec. 29, 2019

$ 57,500

8,000

^[2]

$ 5,033

5.81%

NAB Corporate Term Loan [Member]

^[4]

5.81%

Dec. 31, 2023

^[5]

Jun. 30, 2019

^[6]

$ 46,856

^[5]

$ 51,970

^[6]

37,696

^[5]

30,869

^[6]

$ 37,660

^[1],[5]

$ 30,781

^[2],[6]

3.05%

^[5]

3.66%

^[6]

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

3.05%

^[3],[5]

3.66%

^[4],[6]

Dec. 31, 2023

^[5]

Dec. 31, 2019

^[6]

$ 21,475

^[5]

$ 24,850

^[6]

^[5]

10,067

^[1],[5]

$ 10,067

3.80%

^[5]

3.70%

^[6]

Westpac Bank Corporate (Construction) Credit Facility [Member]

3.80%

^[3],[5]

3.70%

^[4],[6]

^[6]

Dec. 31, 2019

^[6]

$ 12,780

^[6]

3.70%

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

^[4],[6]

3.70%

Minimum [Member] | Union Square Construction Financing [Member]

4.44%

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

6.76%

Maximum [Member] | Union Square Construction Financing [Member]

4.64%

12.51%

[1]	Net of deferred financing costs amounting to $4.3 million.
[2]	Net of deferred financing costs amounting to $4.0 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, 2018.
[4]	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.
[5]	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, 2018.
[6]	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, 2017.

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

Dec. 31, 2018

Dec. 31, 2017

Borrowings [Abstract]

Debt – current portion

$ 30,393

$ 8,109

Debt – long-term portion

106,286

94,862

Maximum [Member] | New York State [Member]

26,061

27,554

Total borrowings

$ 162,740

^[1]

$ 130,525

^[2]

[1]	Net of deferred financing costs amounting to $4.3 million.
[2]	Net of deferred financing costs amounting to $4.0 million.

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

12 Months Ended

Dec. 31, 2018

USD ($)

item

Dec. 31, 2016

USD ($)

Union Square Construction Financing [Member]

Interest rate

16.00%

Number of extension options | item

$ 57,500

27,182

$ 30,318

Dec. 29, 2019

Extension period

1 year

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

Facility Limit

$ 7,500

Advanced-to-Date

$ 7,500

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

^[1]

Dec. 29, 2019

Facility Limit

$ 8,000

Advanced-to-Date

$ 8,000

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

^[1]

Dec. 29, 2019

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

$ 31,130

10,603

$ 20,527

^[1]

Dec. 29, 2019

$ 10,870

1,079

$ 9,791

^[1]

Dec. 29, 2019

[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, 2018 USD ($)
Borrowings [Abstract]
2019	$ 30,393
2020	43,960
2021	258
2022	270
2023	56,045
Thereafter	36,117
Total	$ 167,043

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Aug. 29, 2014

$ 257,667,000

$ 264,724,000

Beneift obligation, gross

^[1]

5,900,000

Accrued pension costs

4,670,000

^[2]

5,228,000

^[2]

$ 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

$ 5,400,000

8,100,000

Service cost

$ 0

Sutton Hill Capital, LLC [Member]

Lease expiration date

Jun. 30, 2020

$ 5,900,000

4,700,000

Chief Executive Officer [Member]

5,900,000

Estimated amortization of prior service cost next fiscal year

207,000

Supplemental Executive Retirement Plans [Member]

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

Accrued pension costs

$ 7,600,000

Liability for demolition and remediation costs

$ 100,000

[1]	Represents the lease liability of the option associated with the ground lease purchase of the Village East Cinema. See below for more information.
[2]	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, 2018

Dec. 31, 2017

Dec. 31, 2016

Aug. 29, 2014

Other Liabilities [Abstract]

^[1]

$ 2,630

$ 2,781

Lease liability

^[2]

5,900

Accrued pension

^[3]

684

2,907

Security deposit payable

Other

Other current liabilities

9,305

11,679

Straight-line rent liability

16,362

13,444

Accrued pension

4,670

^[3]

5,228

^[3]

$ 7,500

Lease make-good provision

5,614

5,648

$ 5,146

Environmental reserve

1,656

Deferred revenue - real estate

Acquired leases

186

Other

506

469

Other liabilities

$ 28,931

$ 26,649

[1]	Refer to Note 20 - 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.

Pension And Other Liabilities (Schedule Of Change In Pension Benefit Obligation And Funded Status) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Pension And Other Liabilities [Abstract]
Benefit obligation at beginning of period	$ 8,135	$ 7,955
Interest cost	180	180
Payment made	(2,961)
Actuarial gain
Benefit obligation at end of period	5,354	8,135
Funded status at end of period	$ (5,354)	$ (8,135)

Pension And Other Liabilities (Schedule Of Pension Benefit Obligation Recognized In Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Pension And Other Liabilities [Abstract]
Current liabilities	$ 684	$ 2,907
Other liabilities - Non current	4,670	5,228
Total pension liability	$ 5,354	$ 8,135

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, 2018	Dec. 31, 2017
Pension And Other Liabilities [Abstract]
Interest cost	$ 180	$ 180
Amortization of prior service costs
Amortization of net actuarial gain	154	127
Net periodic benefit cost	334	307
Amortization of net loss	(154)	(127)
Total recognized in other comprehensive income	(154)	(127)
Total recognized in net periodic benefit cost 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, 2018	Dec. 31, 2017
Pension And Other Liabilities [Abstract]
Unamortized actuarial loss	$ 2,438	$ 2,592
Accumulated other comprehensive loss	$ 2,438	$ 2,592

Pension And Other Liabilities (Schedule Of Expected Benefit Payments) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Pension And Other Liabilities [Abstract]
2019	$ 684
2020	684
2021	684
2022	684
2023	684
Thereafter	1,934
Total pension payments	$ 5,354

Pension And Other Liabilities (Schedule Of Reconciliation Of The Lease Make-Good Provision) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Pension And Other Liabilities [Abstract]
Lease make-good provision, Beginning balance	$ 5,648	$ 5,146
Liabilities incurred during the year
Liabilities settled during the year
Accretion expense	292	282
Effect of changes in foreign currency	(326)	220
Lease make-good provision, Ending balance	$ 5,614	$ 5,648

Commitments And Contingencies (Narrative) (Details) - USD ($)	1 Months Ended	12 Months Ended
	Apr. 30, 2016	Dec. 31, 2018
Tax Audit/Litigation [Member]
Commitments And Contingencies [Line Items]
Income tax obligation		$ 3,000,000
Cotter, Jr. Related Litigation Matters [Member]
Commitments And Contingencies [Line Items]
Settlement awarded		1,550,000
Settlement awarded to the other party		443,000
Arbitration reimbursement from other party		19,250
Separation payment amount		$ 313,000
Separation payment interest percent		10.00%
Full amount of separation payment amount		$ 86,000
Damages sought		787,769
Legal fees		5,900,000
Litigation expense		3,500,000
Coverage limit		$ 10,000,000
The STOMP Arbitration [Member]
Commitments And Contingencies [Line Items]
Settlement awarded	$ 2,300,000
Class B [Member] \| Cotter Estate [Member] \| Cotter, Jr. Related Litigation Matters [Member]
Commitments And Contingencies [Line Items]
Shares held by estate		427,808
Voting stock percent		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
Voting stock percent		41.40%
Class B [Member] \| Cotter Voting Trust [Member] \| Cotter, Jr. Related Litigation Matters [Member]
Commitments And Contingencies [Line Items]
Shares held by estate		1,123,888
Voting stock percent		66.90%

Non-controlling Interests (Narrative) (Details)	Dec. 31, 2018
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, 2018	Dec. 31, 2017
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	$ 4,337	$ 4,331
Australian Country Cinemas, Pty Ltd [Member]
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	89	138
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	2,095	2,066
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	$ 2,153	$ 2,127

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Net income attributable to noncontrolling interests in consolidated subsidiaries

$ 132

$ 11

$ 14

^[1]

Australian Country Cinemas, Pty Ltd [Member]

Net income attributable to noncontrolling interests in consolidated subsidiaries

157

164

140

Sutton Hill Properties, LLC [Member]

Net income attributable to noncontrolling interests in consolidated subsidiaries

(108)

(68)

Net income attributable to noncontrolling interests in consolidated subsidiaries

$ (56)

$ (45)

$ (58)

[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 Repurchase Plans (Narrative) (Details) - USD ($)			3 Months Ended	12 Months Ended
	Nov. 07, 2017	May 16, 2014	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Mar. 14, 2019	Sep. 30, 2017
Equity And Stock-Based Compensation [Line Items]
Unrecognized estimated compensation cost related to non-vested stock options granted				$ 881,000
Recognition period of unrecognized compensation cost				1 year 9 months 22 days
Proceeds from the exercise of stock option				$ 344,000	$ 52,000	$ 146,000
Stock Option [Member]
Equity And Stock-Based Compensation [Line Items]
Compensation expense				$ 425,000	310,000	284,000
Shares granted				126,840
Proceeds from the exercise of stock option				$ 361,000	574,000	$ 146,000
Restricted Stock Units (RSUs) [Member]
Equity And Stock-Based Compensation [Line Items]
Compensation expense				1,000,000	$ 668,000
Unrecognized estimated compensation cost related to non-vested stock options granted				$ 1,400,000
Shares granted				97,600
Restricted Stock Units (RSUs) [Member] \| Directors [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%
2017 Stock Repurchase Plan [Member]
Equity And Stock-Based Compensation [Line Items]
Stock buy-back program period				2 years
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]
Shares granted				126,840	169,762	169,327
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
Common Stock shares remaining for future issuances				1,031,970
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
Subsequent Event [Member] \| Class A [Member] \| 2017 Stock Repurchase Plan [Member]
Equity And Stock-Based Compensation [Line Items]
Repurchase program, remaining amount authorized							$ 16,200,000

Shared-Based Compensation And Share Repurchase Plans (Schedule Of Fair Value Of Options, Weighted Average Assumptions) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Shared-Based Compensation And Share Repurchase Plans [Abstract]
Stock option exercise price	$ 16.40	$ 15.94	$ 11.87
Risk-free interest rate	2.56%	1.66%	1.20%
Expected option life in years	3 years 9 months	3 years 9 months	3 years 9 months
Expected volatility	24.99%	24.95%	25.01%
Weighted average fair value	$ 3.80	$ 3.45	$ 2.49

Shared-Based Compensation And Share Repurchase Plans (Schedule Of Stock Options Outstanding And Exercisable) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Equity And Stock-Based Compensation [Line Items]
Weighted Average Exercise Price of Options Outstanding, Granted	$ 16.40	$ 15.94	$ 11.87
Weighted Average Remaining Years of Contractual Life	2 years 10 months 17 days	3 years 1 month 24 days	2 years 7 months 10 days	2 years 10 months 21 days
Aggregate Intrinsic Value, Beginning balance	$ 3,054,325	$ 3,615,191	$ 2,188,011
Aggregate Intrinsic Value, Exercised	610,249	702,840	220,002
Aggregate Intrinsic Value, Ending balance	$ 1,530,528	$ 3,054,325	$ 3,615,191	$ 2,188,011
Class A [Member]
Equity And Stock-Based Compensation [Line Items]
Number of Stock Options, Beginning balance	524,589	535,077	486,565
Number of Stock Options, Granted	126,840	169,762	169,327
Number of Stock Options, Exercised	(60,000)	(177,750)	(46,815)
Number of Stock Options, Expired	(4,960)	(2,500)	(74,000)
Number of Stock Options Outstanding, Ending balance	586,469	524,589	535,077	486,565
Weighted Average Exercise Price of Options Outstanding, Beginning price	$ 12.50	$ 9.84	$ 8.68
Weighted Average Exercise Price of Options Outstanding, Granted	16.40	15.94	11.87
Weighted Average Exercise Price of Options Outstanding, Exercised	6.02	7.85	9.50
Weighted Average Exercise Price of Options Outstanding, Expired	12.08	6.23	7.02
Weighted Average Exercise Price of Options Outstanding, Ending price	$ 14.01	$ 12.50	$ 9.84	$ 8.68

Shared-Based Compensation And Share Repurchase Plans (Summary Of Vested And Unvested Stock Options) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Equity And Stock-Based Compensation [Line Items]
Weighted average remaining years of contractual life, Vested	2 years 3 months 11 days	2 years 3 months 18 days	1 year 7 months 2 days
Aggregate intrinsic value, Vested	$ 1,306,643	$ 2,202,772	$ 2,584,500
Weighted average remaining years of contractual life, Nonvested	3 years 3 months 7 days	3 years 7 months 13 days	3 years 10 months 13 days
Aggregate intrinsic value, Nonvested	$ 223,885	$ 851,552	$ 1,030,691
Class A [Member]
Equity And Stock-Based Compensation [Line Items]
Vested	231,124	186,832	296,500
Weighted average exercise price, Vested	$ 12.38	$ 9.84	$ 7.88
Unvested	355,345	337,757	238,577
Weighted average exercise price, Nonvested	$ 15.07	$ 13.86	$ 12.28

Shared-Based Compensation And Share Repurchase Plans (Schedule Of Restricted Stock Units Issued And Vested) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of options, Unvested	$ 223,885	$ 851,552	$ 1,030,691
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted	236,291
Number of options, Vesting	92,295
Number of options, Unvested	143,996
Value of options, Granted	$ 3,506,679
Value of options, Vesting	1,261,777
Value of options, Unvested	$ 2,244,902
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	51,650
Number of options, Unvested	16,503
Value of options, Granted	$ 815,160
Value of options, Vesting	613,208
Value of options, Unvested	$ 201,952
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		40,645
Number of options, Unvested		29,893
Value of options, Granted		$ 1,124,348
Value of options, Vesting		648,569
Value of options, Unvested		$ 475,779
Restricted Stock Units (RSUs) [Member] \| 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted	97,600
Number of options, Unvested	97,600
Value of options, Granted	$ 1,567,171
Value of options, Unvested	$ 1,567,171

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

12 Months Ended

Dec. 31, 2018

USD ($)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Total change in hedge fair value recorded in Other Comprehensive Income

$ 20,991,000

(151,000)

Amounts reclassified from accumulated other comprehensive income

14,000

(137,000)

(14,876,000)

Foreign Currency Items [Member]

6,115,000

Accumulated Other Comprehensive Income (Loss) [Line Items]

Total change in hedge fair value recorded in Other Comprehensive Income

23,575,000

^[1]

^[1]

Amounts reclassified from accumulated other comprehensive income

^[1]

^[1]

(14,888,000)

^[1]

Net of income tax expense

8,687,000

^[1]

389,000

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

Accumulated Other Comprehensive Income (Loss) [Line Items]

Total change in hedge fair value recorded in Other Comprehensive Income

8,000

Amounts reclassified from accumulated other comprehensive income

(5,000)

Accrued Pension Service Costs [Member]

3,000

Accumulated Other Comprehensive Income (Loss) [Line Items]

Total change in hedge fair value recorded in Other Comprehensive Income

(2,592,000)

^[2]

^[2]

Amounts reclassified from accumulated other comprehensive income

^[2]

^[2]

154,000

^[2]

Net of income tax expense

(2,438,000)

^[2]

54,000

Hedge Accounting Reserve [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Total change in hedge fair value recorded in Other Comprehensive Income

^[3]

(151,000)

^[3]

Amounts reclassified from accumulated other comprehensive income

14,000

^[3]

(137,000)

^[3]

(137,000)

^[3]

Net of income tax expense

(137,000)

^[3]

$ 48,000

[1]	Net of income tax expense of $389,000.
[2]	Net of income tax expense of $54,000.
[3]	Net of income tax benefit of $48,000

Fair Value Measurements (Narrative) (Details) - USD ($)	12 Months Ended
Fair Value Measurements (Narrative) (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
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) - USD ($)
$ in Thousands

Dec. 31, 2018

Dec. 31, 2017

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]

$ 122,982

Level 3 [Member]

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

122,982

Nonrecurring [Member]

Nonrecurring [Member] | Level 3 [Member]

$ 162,459

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

Debt, Current And Long-term Portion [Member]

162,459

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

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

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

106,894

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

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

143,564

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

Subordinated Debt [Member]

143,564

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

Subordinated Debt [Member] | Level 3 [Member]

16,088

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

Subordinated Debt [Member] | Nonrecurring [Member]

16,088

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

Subordinated Debt [Member] | Nonrecurring [Member] | Level 3 [Member]

18,895

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

Carrying Value | Nonrecurring [Member]

18,895

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

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

^[1]

167,043

134,501

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

Carrying Value | Subordinated Debt [Member] | Nonrecurring [Member]

^[1]

139,130

106,588

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

^[1]

$ 27,913

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

Hedge Accounting (Narrative) (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Release to earnings	$ 45,000
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount	8,000,000
Derivative asset	$ 0

Hedge Accounting (Schedule Of Derivative Instruments On The Balance Sheet At Fair Value) (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Derivative financial instruments - current portion	$ 41,000
Derivative financial instruments - non-current portion	145,000
Total derivatives	186,000
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Total derivatives designated as heding instruments	186,000
Total derivatives	186,000
Designated as Hedging Instrument [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments - non-current portion	145,000
Interest Rate Contract [Member] \| Designated as Hedging Instrument [Member] \| Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments - current portion	$ 41,000

Hedge Accounting (Schedule Of Changes in Fair value) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ 14
Interest Expense [Member] \| Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ 14

Hedge Accounting (Summary Of Hedged Transactions That Affect Earnings) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Loss Reclassified from OCI on Derivatives (Effective Portion)	$ (151)
Loss Reclassified from AOCI into Income (Effective Portion)	14
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss Reclassified from OCI on Derivatives (Effective Portion)	200
Loss Reclassified from AOCI into Income (Effective Portion)	14
Designated as Hedging Instrument [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss Reclassified from AOCI into Income (Effective Portion)	14
Designated as Hedging Instrument [Member] \| Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss Reclassified from OCI on Derivatives (Effective Portion)	$ 200

Leases (Narrative) (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2018

^[1]

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

^[1]

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

^[2]

$ 74,990

$ 74,261

$ 84,262

$ 75,872

$ 71,841

$ 66,116

$ 72,440

$ 69,481

$ 309,385

$ 279,879

$ 270,866

Minimum [Member]

1 year

Maximum [Member]

35 years

$ 15,208

$ 16,415

$ 13,944

[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).

Leases (Schedule Of Future Minimum Rental Income Under Operating Leases) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Leases [Abstract]
2019	$ 7,964
2020	6,807
2021	6,190
2022	5,337
2023	4,714
Thereafter	9,632
Total	$ 40,644

Leases (Schedule Of Base And Contingent Rental Expenses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Leases [Abstract]
Base rent expense	$ 32,281	$ 31,630	$ 29,824
Contingent rental expense	1,774	2,505	1,484
Total cinema rent expense	$ 34,055	$ 34,135	$ 31,308

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.

Leases (Schedule Of Future Minimum Lease Payments Under Non-Cancelable Operating Leases) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Operating Leased Assets [Line Items]
2019	$ 30,921
2020	25,792
2021	25,228
2022	23,802
2023	20,642
Thereafter	89,239
Total	215,624
Ground Lease [Member]
Operating Leased Assets [Line Items]
2019	3,717
2020	1,922
2021	1,860
2022	1,901
2023	1,905
Thereafter	10,498
Total	21,803
Premises Lease [Member]
Operating Leased Assets [Line Items]
2019	27,204
2020	23,870
2021	23,368
2022	21,901
2023	18,737
Thereafter	78,741
Total	$ 193,821

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

12 Months Ended

Aug. 31, 2016

Jan. 01, 2015

Jun. 28, 2007

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2012

Feb. 28, 2015

$ 257,667,000

$ 264,724,000

Contributions from noncontrolling stockholders

^[1]

5,900,000

82,000

193,000

$ 268,000

Renovation amount

149,734,000

153,232,000

Contractual facility

252,929,000

271,732,000

Capital call

506,000

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

Contractual facility

$ 15,000,000

$ 19,086,000

19,500,000

20,000,000

Incremental positive cash flow percentage

Noncontrolling interests

50.00%

Cinemas 1, 2, 3 [Member]

Improvement fee

$ 528,000

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

Lease expiration date

Jun. 30, 2020

$ 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

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

Chief Executive Officer [Member] | Shadow View Land And Farming, LLC [Member]

Noncontrolling interests

50.00%

Cinema Ground Lease [Member]

Lease expiration date

Jun. 01, 2031

86th Street Cinema [Member]

Management fee

$ 172,000

$ 141,000

$ 150,000

Minimum [Member]

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

1 year

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

$ 100,000

Contractual facility

$ 15,000,000

[1]	Represents the lease liability of the option associated with the ground lease purchase of the Village East Cinema. See below for more information.

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, 2018 NZD ($)	Dec. 31, 2017 NZD ($)	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
Request for additional funds					$ 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%

Gain on insurance recoveries

12,700

9,217,000

$ (1,421,000)

^[3]

Non-Operating Income [Member]

$ 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, 2018

^[1]

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

^[2]

Quarterly Financial Data [Abstract]

$ 74,990

$ 74,261

$ 84,262

$ 75,872

$ 71,841

^[1]

$ 66,116

$ 72,440

$ 69,481

$ 309,385

$ 279,879

$ 270,866

Net income attributable to RDI shareholders

6,006

1,259

4,129

3,104

7,503

^[1]

1,478

19,071

3,060

14,498

31,112

9,692

$ 4,960

$ 1,297

$ 5,027

$ 3,082

$ 7,426

^[1]

$ 1,576

$ 19,051

$ 3,048

$ 14,366

$ 31,101

$ 9,678

$ 0.21

$ 0.06

$ 0.22

$ 0.13

$ 0.33

^[1]

$ 0.07

$ 0.82

$ 0.13

$ 0.62

$ 1.35

$ 0.42

Net tax benefit from non-recurring items of tax benefit and expense

$ 0.21

$ 0.06

$ 0.22

$ 0.13

$ 0.32

^[1]

$ 0.07

$ 0.81

$ 0.13

$ 0.62

$ 1.34

$ 0.41

$ 2,500

[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).

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

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

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