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Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2019	May 07, 2019
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	READING INTERNATIONAL INC
Trading Symbol	rdi
Entity Central Index Key	0000716634
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Class A [Member]
Entity Common Stock, Shares Outstanding		21,282,169
Class B [Member]
Entity Common Stock, Shares Outstanding		1,680,590

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 12,648	$ 13,127
Receivables	7,094	8,045
Inventory	1,165	1,419
Prepaid and other current assets	9,642	7,667
Total current assets	30,549	30,258
Operating property, net	257,402	257,667
Operating lease right-of-use assets	229,266
Investment and development properties, net	95,156	86,804
Investment in unconsolidated joint ventures	4,958	5,121
Goodwill	20,836	19,445
Intangible assets, net	3,694	7,369
Deferred tax asset, net	26,483	26,235
Other assets	6,199	6,129
Total assets	674,543	439,028
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	23,492	26,154
Film rent payable	6,559	8,661
Debt – current portion	40,077	30,393
Derivative financial instruments - current portion	52	41
Taxes payable - current	571	1,710
Deferred current revenue	7,712	9,264
Operating lease liabilities - current portion	19,797
Other current liabilities	9,525	9,305
Total current liabilities	107,785	85,528
Debt – long-term portion	113,816	106,286
Derivative financial instruments - non-current portion	203	145
Subordinated debt, net	26,116	26,061
Noncurrent tax liabilities	11,737	11,530
Operating lease liabilities - non-current portion	222,594
Other liabilities	12,346	28,931
Total liabilities	494,597	258,481
Commitments and Contingencies (Note 13)
Stockholders' equity:
Nonvoting preferred stock, par value $0.01, 12,000 shares authorized and no issued or outstanding shares at March 31, 2019 and December 31, 2018
Additional paid-in capital	147,472	147,452
Retained earnings	45,563	47,616
Treasury shares	(25,231)	(25,222)
Accumulated other comprehensive income	7,625	6,115
Total Reading International, Inc. stockholders' equity	175,679	176,210
Noncontrolling interests	4,267	4,337
Total stockholders' equity	179,946	180,547
Total liabilities and stockholders’ equity	674,543	439,028
Class A [Member]
Stockholders' equity:
Common stock	233	232
Class B [Member]
Stockholders' equity:
Common stock	$ 17	$ 17

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	12,000	12,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	33,172,823	33,112,337
Common stock, shares outstanding	21,249,935	21,194,748
Class B [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	1,680,590	1,680,590
Common stock, shares outstanding	1,680,590	1,680,590

Consolidated Statements Of Income - USD ($) $ in Thousands	3 Months Ended
Consolidated Statements Of Income - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Revenue
Revenue	$ 61,551	$ 75,872
Costs and Expenses
Depreciation and amortization	(5,594)	(5,250)
General and administrative	(6,484)	(7,597)
Total costs and expenses	(62,852)	(70,179)
Operating income (loss)	(1,301)	5,693
Interest expense, net	(1,852)	(1,594)
Other income (expense)	(20)	(82)
Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures	(3,173)	4,017
Equity earnings of unconsolidated joint ventures	34	257
Income (loss) before income taxes	(3,139)	4,274
Income tax benefit (expense)	1,042	(1,170)
Net income (loss)	(2,097)	3,104
Less: Net income (loss) attributable to noncontrolling interests	(16)	22
Net income (loss) attributable to Reading International, Inc. common shareholders	$ (2,081)	$ 3,082
Basic earnings (loss) per share attributable to RDI common stockholders	$ (0.09)	$ 0.13
Diluted earnings (loss) per share attributable to RDI common stockholders	$ (0.09)	$ 0.13
Weighted average number of shares outstanding-basic	22,920,486	22,967,237
Weighted average number of shares outstanding-diluted	23,124,106	23,132,989
Cinema [Member]
Revenue
Revenue	$ 57,986	$ 72,255
Costs and Expenses
Total costs and expenses	(48,329)	(54,948)
Real Estate [Member]
Revenue
Revenue	3,565	3,617
Costs and Expenses
Total costs and expenses	$ (2,445)	$ (2,384)

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Consolidated Statements Of Comprehensive Income [Abstract]
Net income (loss)	$ (2,097)	$ 3,104
Foreign currency translation gain (loss)	1,526	(803)
Gain (loss) on cash flow hedges	(69)
Others	53	50
Comprehensive income (loss)	(587)	2,351
Less: net income (loss) attributable to noncontrolling interests	(16)	22
Less: comprehensive income (loss) attributable to noncontrolling interests	1	(3)
Comprehensive income (loss) attributable to Reading International, Inc.	$ (572)	$ 2,332

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://www.xbrl.org/2003/role/exampleRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 32
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-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
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-URI http://asc.fasb.org/extlink&oid=84234705&loc=SL4591552-111686

+ Details

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating Activities
Net income (loss)	$ (2,097)	$ 3,104
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity earnings of unconsolidated joint ventures	(34)	(257)
Distributions of earnings from unconsolidated joint ventures	249	236
Amortization of operating leases	5,895
Amortization of finance leases	41
Change in operating lease liabilities	(5,754)
Interest on hedged derivatives	(5)
Change in net deferred tax assets	(150)	172
Depreciation and amortization	5,594	5,250
Other amortization	341	224
Stock-based compensation expense	280	379
Net changes in operating assets and liabilities:
Receivables	993	3,205
Prepaid and other assets	(1,957)	(2,309)
Payments for accrued pension	(171)	(2,404)
Accounts payable and accrued expenses	(2,204)	1,997
Film rent payable	(2,132)	(5,790)
Taxes payable	(1,151)	150
Deferred revenue and other liabilities	(1,579)	(1,505)
Net cash provided by (used in) operating activities	(3,841)	2,452
Investing Activities
Purchases of and additions to operating and investment properties	(11,476)	(23,231)
Acquisition of business combinations	(1,380)
Change in restricted cash	243	(260)
Net cash provided by (used in) investing activities	(12,613)	(23,491)
Financing Activities
Repayment of long-term borrowings	(6,113)	(9,707)
Repayment of finance lease principle	(41)
Proceeds from borrowings	22,349	25,998
Repurchase of Class A Nonvoting Common Stock	(9)	(317)
(Cash paid) proceeds from the exercise of stock options	(259)	203
Noncontrolling interest contributions	18	27
Noncontrolling interest distributions	(27)	(43)
Net cash provided by (used in) financing activities	15,918	16,161
Effect of exchange rate changes on cash and cash equivalents	57	(122)
Net decrease in cash and cash equivalents	(479)	(5,000)
Cash and cash equivalents at January 1	13,127	13,668
Cash and cash equivalents at March 31	12,648	8,668
Supplemental Disclosures
Interest paid	2,304	2,121
Income taxes paid	1,883	808
Non-Cash Transactions
Additions to operating and investing properties through accrued expenses	$ 3,423	$ 4,530

Description Of Business And Segment Reporting

3 Months Ended

Mar. 31, 2019

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

Reported below are the operating segments of the Company for which separate financial information is available and evaluated regularly by the Chief Executive Officer, the chief operating decision-maker of the Company. As part of our real estate activities, we hold undeveloped land in urban and suburban centers in Australia, New Zealand, and the United States.

The table below summarizes the results of operations for each of our business segments for the quarter ended March 31, 2019 and 2018, respectively. 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.



	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Revenue:
Cinema exhibition	$	57,986	$	72,255
Real estate		5,431		6,008
Inter-segment elimination		(1,866)		(2,391)
	$	61,551	$	75,872
Segment operating income (loss):
Cinema exhibition	$	2,642	$	10,285
Real estate		1,159		1,681
	$	3,801	$	11,966

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



	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Segment operating income (loss)	$	3,801	$	11,966
Unallocated corporate expense
Depreciation and amortization expense		(61)		(117)
General and administrative expense		(5,041)		(6,156)
Interest expense, net		(1,852)		(1,594)
Equity earnings of unconsolidated joint ventures		34		257
Other income (expense)		(20)		(82)
Income (loss) before income tax expense	$	(3,139)	$	4,274

Summary Of Significant Accounting Policies

3 Months Ended

Mar. 31, 2019

Summary Of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

Note 2 – Summary of Significant Accounting Policies

Basis of Consolidation

The accompanying consolidated financial statements include the accounts of the Company’s wholly-owned subsidiaries as well as majority-owned subsidiaries that the Company controls, and should be read in conjunction with the Company’s Annual Report on Form 10-K as of and for the year ended December 31, 2018 (“2018 Form 10-K”). All significant intercompany balances and transactions have been eliminated on consolidation. These consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim reporting with the instructions for Form 10-Q and Rule 10-01 of Regulation S-X of the Securities and Exchange Commission (“SEC”). As such, they do not include all information and footnotes required by U.S. GAAP for complete financial statements. We believe that we have included all normal and recurring adjustments necessary for a fair presentation of the results for the interim period.

Operating results for the quarter ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019.

Use of Estimates

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

Recently Adopted and Issued Accounting Pronouncements

Adopted:

Accounting Standards Update (“ASU”) 2016-02 Leases: In February 2016, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard, ASC 842 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. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. A modified retrospective transition approach is required for lessees with capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available.

On January 1, 2019, we adopted the new accounting standard Accounting Standards Codification (“ASC”) 842 Leases using the modified retrospective method. We recognized the cumulative effect of initially applying the new leasing 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. The standard had a material impact on our consolidated balance sheets, but not on our consolidated income statements or statements of cash flow.


(Dollars in thousands)	Balance at December 31, 2018		Adjustments due to ASC 842		Balance at January 1, 2019
Assets
Operating property, net	$	257,667	$	370	$	258,037
Operating lease right-of-use assets		—		232,319		232,319
Intangible assets, net		7,369		(3,542)		3,827
Deferred tax asset, net		26,235		82		26,317
Liabilities
Operating lease liabilities	$	—	$	245,280	$	245,280
Other non-current liabilities		28,931		(16,033)		12,898
Stockholders' Equity
Non-controlling interest	$	4,337	$	(46)	$	4,291
Retained earnings		47,616		28		47,644


	Period Ended March 31, 2019
(Dollars in thousands)	As Reported, March 31, 2019		Balances Without Adoption of ASC 842		Effect of change Higher / (Lower)
Cinema costs and expenses	$	48,329	$	48,334	$	(5)
Depreciation and amortization		5,594		5,552		42
General and administrative		6,484		6,528		(44)
Interest expense, net		1,852		1,849		3
Income tax (benefit) expense		1,042		1,041		1
Net income (loss)	$	(2,097)	$	(2,094)	$	3


(Dollars in thousands)	As Reported, March 31, 2019		Balances Without Adoption of ASC 842		Effect of change Higher / (Lower)
Assets
Operating property, net	$	257,402	$	257,072	$	330
Intangible assets		3,694		7,151		(3,457)
Operating lease right-of-use assets		229,266		—		229,266
Deferred tax asset, net		26,483		26,400		83
Liabilities
Other current liabilities	$	9,525	$	9,363	$	162
Operating lease liabilities, current		19,797		—		19,797
Other non-current liabilities		12,346		28,643		(16,297)
Operating lease liabilities, non-current		222,594		—		222,594
Stockholders' Equity
Retained earnings	$	45,563	$	45,585	$	(22)

ASU 2014-09 Revenue from Contracts with Customers: 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 was not restated. Adoption of this standard has no material effect on our consolidated financial statements.

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. Adoption of this standard has no 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. Adoption of this standard has no 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. Adoption of this standard has no material impact 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 standard has no material impact 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.

Issued:

ASUs Effective 2019 and Beyond

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 standard 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 standard 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. It is not anticipated that adoption of this standard will have any 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.

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 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 $440k related to the prior period immaterial errors through June 30, 2018, would have been material to the quarterly accounts with our current 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 report.

Consolidated Statements of Income:


	Three Months Ended March 31, 2018
(Dollars in thousands)	As Reported		Adjustment		As Revised
Real estate revenue	$	3,567	$	50	$	3,617
Total revenue		75,822		50		75,872
Operating income (loss)		5,643		50		5,693
Income before income taxes		4,224		50		4,274
Income tax benefit (expense)		(1,155)		(15)		(1,170)
Net income (loss)		3,069		35		3,104
Net income (loss) attributable to Reading International, Inc. common shareholders		3,047		35		3,082

Basic earnings (loss) per share	$	0.13	$	—	$	0.13
Diluted earnings (loss) per share		0.13		—		0.13

Consolidated Balance Sheets:


	Summary of Equity
(Dollars in thousands)	As Reported		Adjustment		As Revised
Equity at January 1, 2018	$	176,910	$	377	$	177,287
Net income (loss)		3,047		35		3,082
Equity at March 31, 2018	$	179,423	$	412	$	179,835

Consolidated Statements of Cash Flows:


	Three Months Ended March 31, 2018
(Dollars in thousands)	As Reported		Adjustment		As Revised
Net income (loss)	$	3,069	$	35	$	3,104
Change in net deferred tax assets		157		15		172
Prepaid and other assets		(2,259)		(50)		(2,309)
Net cash provided by operating activities	$	2,452	$	—	$	2,452

Operations In Foreign Currency

3 Months Ended

Mar. 31, 2019

Operations In Foreign Currency [Abstract]

Operations In Foreign Currency

Note 3 – Operations in Foreign Currency

We have significant assets in Australia and New Zealand. Historically, we have conducted our Australian and New Zealand operations (collectively “foreign operations”) on a self-funding basis where we use cash flows generated by our foreign operations to pay for the expense of foreign operations. Our Australian and New Zealand assets and liabilities are translated from their functional currencies of Australian dollar (“AU$”) and New Zealand dollar (“NZ$”), respectively, to the U.S. dollar based on the exchange rate as of March 31, 2019. The carrying value of the assets and liabilities of our foreign operations fluctuates as a result of changes in the exchange rates between the functional currencies of the foreign operations and the U.S. dollar. The translation adjustments are accumulated in the Accumulated Other Comprehensive Income in the Consolidated Balance Sheets.

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

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



	Foreign Currency / USD
	As of and for the quarter ended	As of and for the twelve months ended	As of and for the quarter ended
	March 31, 2019	December 31, 2018	March 31, 2018
Spot Rate
Australian Dollar	0.7104	0.7046	0.7690
New Zealand Dollar	0.6820	0.6711	0.7239
Average Rate
Australian Dollar	0.7123	0.7479	0.7861
New Zealand Dollar	0.6816	0.6930	0.7275

Earnings Per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Note 4 – Earnings Per Share

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

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



	Three Months Ended
	March 31,
(Dollars in thousands, except share data)	2019		2018
Numerator:
Net income (loss) attributable to RDI common stockholders	$	(2,081)	$	3,082
Denominator:
Weighted average number of common stock – basic		22,920,486		22,967,237
Weighted average dilutive impact of awards		203,620		165,752
Weighted average number of common stock – diluted		23,124,106		23,132,989
Basic earnings (loss) per share attributable to RDI common stockholders	$	(0.09)	$	0.13
Diluted earnings (loss) per share attributable to RDI common stockholders	$	(0.09)	$	0.13
Awards excluded from diluted earnings (loss) per share		496,089		—

Our weighted average number of common stock - basic decreased, primarily as a result of the repurchase of shares of Class A Non-Voting Common Stock pursuant to our current stock repurchase program offset by the issuance of shares due to the exercise of share options and vesting of restricted stock units.

Property And Equipment

3 Months Ended

Mar. 31, 2019

Property And Equipment [Abstract]

Property And Equipment

Note 5 – Property and Equipment

Operating Property, net

As of March 31, 2019 and December 31, 2018, property associated with our operating activities is summarized as follows:



	March 31,		December 31,
(Dollars in thousands)	2019		2018
Land	$	76,110	$	75,689
Building and improvements		151,525		149,734
Leasehold improvements		56,160		55,299
Fixtures and equipment		171,674		167,943
Construction-in-progress		3,185		3,478
Total cost		458,654		452,143
Less: accumulated depreciation		(201,252)		(194,476)
Operating property, net	$	257,402	$	257,667

Depreciation expense for operating property was $5.4 million for the quarter ended March 31, 2019 and $4.7 million for the quarter ended March 31, 2018.

Investment and Development Property, net

As of March 31, 2019 and December 31, 2018, our investment and development property is summarized below:



	March 31,		December 31,
(Dollars in thousands)	2019		2018
Land	$	24,310	$	24,371
Building		1,900		1,900
Construction-in-progress (including capitalized interest)		68,946		60,533
Investment and development property	$	95,156	$	86,804

Construction-in-Progress – Operating and Investing Properties

Construction-in-Progress balances are included in both our operating and development properties. The balances of our major projects along with the movements for the three months ended March 31, 2019 are shown below:



(Dollars in thousands)	Balance, December 31, 2018		Additions during the period(1)		Completed during the period		Foreign currency translation		Balance, March 31, 2019
Union Square development	$	55,634	$	7,724	$	—	$	(1)	$	63,357
Newmarket Property development		9		4		—		—		13
Courtenay Central development		5,571		234		—		94		5,899
Cinema developments and improvements		1,664		3,551		(3,997)		4		1,222
Other real estate projects		1,133		528		(27)		6		1,640
Total	$	64,011	$	12,041	$	(4,024)	$	103	$	72,131

(1)

Includes capitalized interest of $1.3 million for the quarter ended March 31, 2019.

Real Estate Transactions

Purchase of Income Producing Property at Auburn/Redyard, Australia – On June 29, 2018, we added 20,870 square feet of land, improved with a 16,830 square foot office building, to our Auburn/Redyard ETC. The property was acquired at auction for $3.5 million (AU$4.5 million) and is bordered by our existing ETC on three sides. The property is leased to Telstra through July 2022. This will allow us time to plan for the efficient integration of the property into our ETC. With this acquisition, Auburn/Redyard now 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.

Purchase of Land at Cannon Park in Townsville, Australia – 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 land owner. Prior to the restructuring, this parcel was commonly owned by us and the adjoining land owner. In the restructuring, the adjoining land owner conveyed to us its interest in the parcel for AU$1. We granted the adjoining land owner certain access rights with respect to that parcel.

Investments In Unconsolidated Joint Ventures

3 Months Ended

Mar. 31, 2019

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 (2) unconsolidated joint ventures as of March 31, 2019 and December 31, 2018:



		March 31,		December 31,
(Dollars in thousands)	Interest	2019		2018
Rialto Cinemas	50.0%	$	1,224	$	1,260
Mt. Gravatt	33.3%		3,734		3,861
Total investments		$	4,958	$	5,121

For the quarter ended March 31, 2019 and 2018, the recognized share of equity earnings from our investments in unconsolidated joint ventures are as follows:



	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Rialto Cinemas	$	(56)	$	70
Mt. Gravatt		90		187
Total equity earnings	$	34	$	257

Goodwill And Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill And Intangible Assets [Abstract]

Goodwill And Intangible Assets

Note 7 – Goodwill and Intangible Assets

The table below summarizes goodwill by business segment as of March 31, 2019 and December 31, 2018.



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at, December 31, 2018	$	14,221	$	5,224	$	19,445
Change in goodwill due to a purchase of business combination		1,248		—		1,248
Foreign currency translation adjustment		143		—		143
Balance at, March 31, 2019	$	15,612	$	5,224	$	20,836

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. Our next annual evaluation of goodwill and other intangible assets is scheduled during the fourth quarter of 2019. 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. As of March 31, 2019, we were not aware that any events indicating potential impairment of goodwill had occurred.

The tables below summarize intangible assets other than goodwill as of March 31, 2019 and December 31, 2018, respectively.



	As of March 31, 2019
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	15,069	$	7,255	$	1,999	$	24,323
Less: Accumulated amortization		(14,260)		(5,269)		(1,100)		(20,629)
Net intangible assets other than goodwill	$	809	$	1,986	$	899	$	3,694



	As of 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

Beneficial leases were amortized over the life of the lease up to 30 years up until January 1, 2019, when under ASC 842 they were incorporated into the relevant right-of-use asset. Trade names are amortized based on the accelerated amortization method over their estimated useful life of 30 years, and other intangible assets are amortized over their estimated useful lives of up to 30 years (except for transferrable liquor licenses, which are indefinite-lived assets). The table below summarizes the amortization expense of intangible assets for the quarter ended March 31, 2019.



	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Beneficial lease amortization	$	79	$	207
Other amortization		22		93
Total intangible assets amortization	$	101	$	300

Prepaid And Other Assets

3 Months Ended

Mar. 31, 2019

Prepaid And Other Assets [Abstract]

Prepaid And Other Assets

Note 8 – Prepaid and Other Assets

Prepaid and other assets are summarized as follows:



	March 31,		December 31,
(Dollars in thousands)	2019		2018
Prepaid and other current assets
Prepaid expenses	$	2,105	$	1,761
Prepaid rent		1,020		930
Prepaid taxes		1,026		646
Income taxes receivable		4,106		2,704
Deposits		242		242
Investment in marketable securities		44		42
Restricted cash		1,099		1,342
Total prepaid and other current assets	$	9,642	$	7,667
Other non-current assets
Straight-line rent		4,219		4,150
Other non-cinema and non-rental real estate assets		1,134		1,134
Investment in Reading International Trust I		838		838
Long-term deposits		8		7
Long-term restricted cash		—		—
Total other non-current assets	$	6,199	$	6,129

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2019
Income Taxes [Abstract]
Income Taxes	Note 9 – Income Taxes The interim provision for income taxes is different from the amount determined by applying the U.S. federal statutory rate to consolidated income before taxes. The differences are attributable to foreign tax rate differential, unrecognized tax benefits, and foreign tax credits. Our effective tax rate was 33.2% and 27.3% for the three months ended March 31, 2019 and 2018, respectively. The change between 2019 and 2018 is primarily related to decrease in benefits from foreign tax credits and increase in valuation allowance related to our foreign operation.

Debt

3 Months Ended

Mar. 31, 2019

Debt [Abstract]

Debt

Note 10 – Debt

The Company’s borrowings at March 31, 2019 and December 31, 2018, net of deferred financing costs and including the impact of interest rate derivatives on effective interest rates, are summarized below:



	As of March 31, 2019
(Dollars in thousands)	Maturity Date	Contractual Facility		Balance, Gross		Balance, Net(1)		Stated Interest Rate	Effective Interest Rate(2)
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	26,116	6.75%	6.75%
Bank of America Credit Facility (USA)	May 1, 2020		55,000		30,000		30,000	5.02%	5.02%
Bank of America Line of Credit (USA)	October 31, 2019		5,000		3,500		3,500	5.52%	5.52%
Banc of America digital projector loan (USA)	December 28, 2019		1,979		1,979		1,979	5.00%	5.00%
Cinema 1, 2, 3 Term Loan (USA)	September 1, 2019		18,978		18,978		18,768	3.25%	3.25%
Minetta & Orpheum Theatres Loan (USA)	November 1, 2023		8,000		8,000		7,864	4.54%	4.54%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,437		9,437		9,319	4.64% / 4.44%	4.61%
Union Square Construction Financing (USA)	December 29, 2019		57,500		33,934		32,463	6.76% / 12.51%	8.02%
Denominated in foreign currency ("FC") (3)
NAB Corporate Term Loan (AU)	December 31, 2023		85,248		40,138		40,111	2.70%	2.70%
Westpac Bank Corporate (NZ)	December 31, 2023		21,824		9,889		9,889	3.80%	3.80%
		$	290,879	$	183,768	$	180,009

(1)

Net of deferred financing costs amounting to $3.8 million.

(2)

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 March 31, 2019.

(3)

The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of March 31, 2019.



	As of December 31, 2018
(Dollars in thousands)	Maturity Date	Contractual Facility		Balance, Gross		Balance, Net(1)		Stated Interest Rate	Effective Interest Rate (2)
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")(3)
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%
		$	252,929	$	167,043	$	162,740

(1)

Net of deferred financing costs amounting to $4.3 million.

(2)

(3)

The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2018.

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



	March 31,		December 31,
Balance Sheet Caption	2019		2018
Debt - current portion	$	40,077	$	30,393
Debt - long-term portion		113,816		106,286
Subordinated debt		26,116		26,061
Total borrowings	$	180,009	$	162,740

Minetta and Orpheum Theatres Loan

On October 12, 2018, we refinanced our $7.5 million loan with Santander Bank, which is secured by our Minetta and Orpheum Theatres, with a loan for a five year term of $8.0 million. Such modification was not considered to be substantial under 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 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 December 28, 2019.

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.

44 Union Square Construction Financing

On December 29, 2016, we closed on 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. At December 31, 2016, Bank of the Ozarks advanced $8.0 million to repay the then existing $8.0 million loan with East West Bank. As of March 31, 2019, an additional $26.4 million had been advanced under the senior loan facility, along with the full $7.5 million available under the mezzanine loan facility.

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 to October 31, 2019. Such modification was not considered to be substantial under US GAAP.

Cinema 1,2,3 Term Loan

On August 31, 2016, Sutton Hill Properties LLC (“SHP”), a 75% subsidiary of RDI, refinanced its $15.0 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.

Westpac Bank Corporate Credit Facility (NZ)

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 not renewed.

Australian NAB Corporate Term Loan (AU)

On March 15, 2019, we amended our Revolving Corporate Markets Loan Facility with National Australia Bank (“NAB”) from a facility comprised of (i) 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%-1.30% above BBSY depending on certain ratios with a due date of December 31, 2023, of which AU$80.0 million is revolving and AU$40.0 million is core and (ii) a Bank Guarantee Facility of AU$5.0 million at a rate of 1.85% per annum. 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.

Other Liabilities

3 Months Ended

Mar. 31, 2019

Other Liabilities [Abstract]

Other Liabilities

Note 11 – Other Liabilities

Other liabilities are summarized as follows:



	March 31,		December 31,
(Dollars in thousands)	2019		2018
Current liabilities
Lease liability	$	5,900	$	5,900
Liability for demolition costs		2,664		2,630
Accrued pension		684		684
Security deposit payable		88		84
Finance lease liabilities		162		—
Other		27		7
Other current liabilities	$	9,525	$	9,305
Other liabilities
Straight-line rent	$	—	$	16,362
Lease make-good provision		5,722		5,614
Accrued pension		4,544		4,670
Environmental reserve		1,656		1,656
Deferred revenue - real estate		9		32
Acquired leases		47		91
Finance lease liabilities		169		—
Other		199		506
Other liabilities	$	12,346	$	28,931

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

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

As a result of the above, included in our current and non-current liabilities are accrued pension costs of $5.2 million at March 31, 2019. The benefits of our pension plan are fully vested and therefore no service costs were recognized for the quarter ended March 31, 2019 and 2018. Our pension plan is unfunded.

During the quarter ended March 31, 2019, the interest cost was $51,000 and actuarial loss was $51,000. During the quarter ended March 31, 2018, the interest cost was $45,000 and actuarial loss was $52,000.

Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2019

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note 12 – Accumulated Other Comprehensive Income

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



(Dollars in thousands)	Foreign Currency Items		Unrealized Gain (Losses) on Available- for-Sale Investments		Accrued Pension Service Costs		Hedge Accounting Reserve		Total
Balance at January 1, 2019	$	8,687	$	3	$	(2,438)	$	(137)	$	6,115

Change related to derivatives
Total change in hedge fair value recorded in Other Comprehensive Income		—		—		—		(81)		(81)
Amounts reclassified from accumulated other comprehensive income		—		—		—		12		12
Net change related to derivatives		—		—		—		(69)		(69)

Net current-period other comprehensive income (loss)		1,526		2		51		(69)		1,510
Balance at March 31, 2019	$	10,213	$	5	$	(2,387)	$	(206)	$	7,625

Commitments And Contingencies

3 Months Ended

Mar. 31, 2019

Commitments And Contingencies [Abstract]

Commitments And Contingencies

Note 13 – Commitments and Contingencies

Litigation General

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 a plaintiff, 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 a defendant, 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.

Cotter Jr. Derivative Litigation

This action was originally brought by James J. Cotter, Jr. (“Cotter Jr.”) in June, 2015 in the Nevada District Court against all of the Directors of the Company and against the Company as a nominal defendant: James J. Cotter, Jr., individually and derivatively on behalf of Reading International, Inc. vs. Margaret Cotter, et al.” Case No,: A-15-719860-V. 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 attorney’s 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. 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. In the quarter ended March 31, 2019, an additional $387,000 had been accrued, relating principally to the preparation of appellate briefs with respect to the Derivative Litigation.

Non-controlling Interests

3 Months Ended

Mar. 31, 2019

Non-controlling Interests [Abstract]

Non-controlling Interests

Note 14 – Non-controlling Interests

These are composed of the following enterprises:

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

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

Sutton Hill Properties, LLC - 25% noncontrolling 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 noncontrolling interests are as follows:



	March 31,		December 31,
(Dollars in thousands)	2019		2018
Australian Country Cinemas, Pty Ltd	$	27	$	89
Shadow View Land and Farming, LLC		2,156		2,153
Sutton Hill Properties, LLC		2,084		2,095
Noncontrolling interests in consolidated subsidiaries	$	4,267	$	4,337

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



	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Australian Country Cinemas, Pty Ltd	$	9	$	41
Shadow View Land and Farming, LLC		(14)		(13)
Sutton Hill Properties, LLC		(11)		(6)
Net income (loss) attributable to noncontrolling interests	$	(16)	$	22

Summary of Controlling and Noncontrolling Stockholders’ Equity

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



(Dollars in thousands)	Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at January 1, 2019	$	176,210	$	4,337	$	180,547
Adjustments to opening retained earnings on adoption of ASC 842		28		(46)		(18)
Net income (loss)		(2,081)		(16)		(2,097)
Increase in additional paid in capital		21		—		21
Treasury stock purchased		(9)		—		(9)
Contributions from noncontrolling stockholders		—		18		18
Distributions to noncontrolling stockholders		—		(27)		(27)
Accumulated other comprehensive income		1,510		1		1,511
Equity at March 31, 2019	$	175,679	$	4,267	$	179,946

(Dollars in thousands)	Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at January 1, 2018	$	177,287	$	4,331	$	181,618
Adjustments to opening retained earnings on adoption of ASC 606		194		(2)		192
Net income (loss)		3,082		22		3,104
Increase in additional paid in capital		339		—		339
Treasury stock purchased		(317)		—		(317)
Contributions from noncontrolling stockholders		—		27		27
Distributions to noncontrolling stockholders		—		(43)		(43)
Accumulated other comprehensive loss		(750)		(3)		(753)
Equity at March 31, 2018	$	179,835	$	4,332	$	184,167

Stock-Based Compensation And Stock Repurchases

3 Months Ended

Mar. 31, 2019

Stock-Based Compensation And Stock Repurchases [Abstract]

Stock-Based Compensation And Stock Repurchases

Note 15 – Stock-Based Compensation and Stock Repurchases

Employee and Director Stock Option Plan

The Company may grant stock options and other share-based payment awards of our Common Stock to eligible employees, directors, and consultants under the 2010 Stock Incentive Plan (the “Plan”). The aggregate total number of shares of the Common Stock authorized for issuance under the Plan is 2,197,460.

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 Plan to increase the number of shares of common stock issuable under the Plan by an additional 947,460 shares. The effect of the increase is to restore the amount of shares of Common Stock available under the Plan from the 302,540 shares available as of September 30, 2017, back up to its original reserve of 1,250,000 shares. As of March 31, 2019, we had 789,869 shares remaining for future issuances.

Since the adoption of the Plan in 2010, the Company has granted awards primarily in the form of stock options. In the 1st 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 granted to employees ranges from zero to four years. Grants to directors and certain executive officers are subject to Board approval. At the time the options are exercised or RSUs vest and are settled, at the discretion of management, we will issue treasury shares or make a new issuance of shares to the option or RSU holder.

Stock Options

We 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, the “deemed exercise” of expiring in-the-money options and the relative market price to strike price of the options, we have not hereto estimated any forfeitures of vested or unvested options.

There were 219,408 stock options issued in the quarter ended March 31, 2019. The weighted average assumptions used in the option-valuation model were as follows:



	Three Months Ended March 31,
	2019		2018
Stock option exercise price	$	16.12	$	—
Risk-free interest rate		2.42%		0.00%
Expected dividend yield		—		—
Expected option life in years		3.75		—
Expected volatility		23.32%		0.00%
Weighted average fair value	$	3.50	$	—

For the quarters ended March 31, 2019 and 2018, we recorded compensation expense of $70,000 and $85,000, respectively. At March 31, 2019, the total unrecognized estimated compensation expense related to non-vested stock options was $1.5 million, which we expect to recognize over a weighted average vesting period of 2.11 years. The intrinsic, unrealized value of all options outstanding, vested and expected to vest, at March 31, 2019 was $2.0 million, of which 91% are currently exercisable.

The following table summarizes the number of options outstanding and exercisable as of March 31, 2019 and December 31, 2018:



	Outstanding Stock Options - Class A Shares
	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Years of Contractual Life	Aggregate Intrinsic Value
	Class A	Class A		Class A	Class A
Balance - December 31, 2017	524,589	$	12.50	3.15	$	3,054,325
Granted	126,840		16.40	—		—
Exercised	(60,000)		6.02	—		610,249
Forfeited	(4,960)		12.08	—		—
Balance - December 31, 2018	586,469	$	14.01	2.88	$	1,530,528
Granted	219,408		16.12	—		—
Exercised	(67,500)		13.42	—		185,175
Forfeited	(25,000)		13.42	—		—
Balance - March 31, 2019	713,377	$	14.74	3.53	$	1,993,628

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. The following table summarizes the status of the RSUs granted to-date as of March 31, 2019:



	Outstanding Restricted Stock Units
	RSU Grants (in units)			Vested,	Unvested,	Forfeited,
Grant Date	Directors	Management	Total Grants	March 31, 2019	March 31, 2019	March 31, 2019
March 10, 2016	35,147	27,381	62,528	55,684	6,844
April 11, 2016	—	5,625	5,625	2,815	2,293	517
March 23, 2017	30,681	32,463	63,144	46,919	16,225
August 29, 2017	—	7,394	7,394	3,698	3,696
January 2, 2018	29,393	—	29,393	29,393	—
April 12, 2018	—	29,596	29,596	—	29,596
April 13, 2018	—	14,669	14,669	—	14,669
July 6, 2018	—	932	932	—	—	932
November 7, 2018	23,010	—	23,010	—	23,010
March 13, 2019	—	24,366	24,366	—	24,366
March 14, 2019	—	23,327	23,327	—	23,327
Total	118,231	165,753	283,984	138,509	144,026	1,449

RSU awards to management vest 25% at the end of each year for 4 years. Prior to November 7, 2018, RSU awards to directors vested 100% in January of the following year in which such RSUs were granted. At the November 7, 2018 Board meeting, it was determined that it would be more appropriate for the vesting of RSUs to align with the directors’ term of office. Accordingly, the RSUs granted on November 7, 2018, will vest upon the earlier of (i) the first anniversary of grant and (ii) the date of the next annual meeting of stockholders. This means that on the date of the annual meeting of stockholders on May 7, 2019, the RSUs granted to directors on November 7, 2018 vested. Due to the fact that the Company has moved up its annual meeting of stockholders from November to May this year, this created a shorter than normal vesting period for the RSUs issued on November 7, 2018. In order to adjust for this factor, the directors have determined that the award of RSUs to be made immediately following the 2019 Annual Meeting of Stockholders will be $35,000 or one half of last year's annual grant. For the quarter ended March 31, 2019 and 2018, we recorded compensation expense of $209,000 and $294,000, respectively. The total unrecognized compensation expense related to the non-vested RSUs was $1.9 million as of March 31, 2019, which we expect to recognize over a weighted average vesting period of 1.1 years.

Stock Repurchase Program

On March 2, 2017, the Company's Board of Directors authorized management, at its discretion, to spend up to an aggregate of $25.0 million to acquire shares of Reading’s Class A Common Stock. The previously approved stock repurchase program, which allowed management to spend up to an aggregate of $10.0 million to acquire shares of Reading’s Class A Common Stock, was completed as of December 31, 2016. On March 14, 2019, the Board of Directors extended this stock buy-back program for two years, through March 2, 2021. The Board of Directors did not increase the authorized amount which was $16.2 million at March 31, 2019.

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

Under the stock repurchase program, as of March 31, 2019, the Company has reacquired 559,627 shares of Class A Common Stock for $8.8 million at an average price of $15.81 per share (excluding transaction costs) to-date. 566 shares of Class A Common Stock were purchased during the quarter ended March 31, 2019 at an average price of $16.08 per share. This leaves $16.2 million available under the March 2, 2017 program, as extended, for repurchase as of March 31, 2019.

Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Leases

Note 16 - Leases

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

As Lessee

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

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

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

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

The components of lease expense were as follows:


	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Lease cost
Finance lease cost:				—
Amortization of right-of-use assets	$	41	$	—
Interest on lease liabilities		3		—
Operating lease cost		7,921		—
Variable lease cost		105		—
Total lease cost	$	8,070	$	—

Supplemental cash flow information related to leases was as follows:


	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Cash flows relating to lease cost
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	44	$	—
Operating cash flows from operating leases		7,780		—
Right-of-use assets obtained in exchange for new finance lease liabilities		—		—
Right-of-use assets obtained in exchange for new operating lease liabilities		2,181		—

Supplemental balance sheet information related to leases was as follows:


	March 31,		December 31,
(Dollars in thousands)	2019		2018
Operating leases
Operating lease right-of-use assets	$	229,266	$	—
Operating lease liabilities - current portion		19,797		—
Operating lease liabilities - non-current portion		222,594		—
Total operating lease liabilities	$	242,391	$	—
Finance leases
Property plant and equipment, gross		372		—
Accumulated depreciation		(41)		—
Property plant and equipment, net	$	331	$	—
Other current liabilities		162		—
Other long-term liabilities		169		—
Total finance lease liabilities	$	331	$	—

Other information
Weighted-average remaining lease term - finance leases		3		—
Weighted-average remaining lease term - operating leases		11		—
Weighted-average discount rate - finance leases		5.05%		—
Weighted-average discount rate - operating leases		4.97%		—

Maturity of leases were as follows:


(Dollars in thousands)	Operating leases		Finance leases
2019	$	23,566	$	133
2020		31,434		101
2021		31,717		53
2022		31,901		43
2023		31,018		28
Thereafter		169,221		—
Total lease payments	$	318,857	$	358
Less imputed interest		(76,466)		(27)
Total	$	242,391	$	331

As of March 31, 2019, we have additional operating leases, primarily for cinemas, that have not yet commenced of approximately $26.0 million. These operating leases will commence between fiscal year 2019 and fiscal year 2021 with lease terms of 15 to 20 years.

As Lessor

The Company has entered into various leases as a lessor for our owned real estate properties. These leases vary in length between 1 and 20 years, with certain leases containing options to extend at the behest of the applicable tenants. Lease components consist of fixed base rent, and for certain leases, variable lease payments consisting of contracted percentages of revenue, changes in the relevant CPI, and/or other contracted financial metrics. No terms exist by which a lessee is able to purchase the underlying asset.

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

Lease income relating to operating lease payments was as follows:


	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Components of lease income
Lease payments	$	2,229	$	2,423
Variable lease payments		265		80
Total lease income	$	2,494	$	2,503

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


	March 31,		December 31,
(Dollars in thousands)	2019		2018
Building and improvements
Gross balance	$	68,483	$	67,887
Accumulated depreciation		(18,375)		(17,709)
Net Book Value	$	50,108	$	50,178

Maturity of leases were as follows:


(Dollars in thousands)	Operating leases
2019	$	6,470
2020		7,439
2021		6,830
2022		5,961
2023		5,187
Thereafter		10,295
Total	$	42,182

Hedge Accounting

3 Months Ended

Mar. 31, 2019

Hedge Accounting [Abstract]

Hedge Accounting

Note 17 – Hedge Accounting

As of March 31, 2019 and March 31, 2018, 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
	March 31,			December 31,
	2019			2018
(Dollars in thousands)	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate contracts	Derivative financial instruments - current portion	$	52	Derivative financial instruments - current portion	$	41
	Derivative financial instruments - non-current portion		203	Derivative financial instruments - non-current portion		145
Total derivatives designated as hedging instruments		$	255		$	186
Total derivatives		$	255		$	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 the quarter to March 31, 2019 and March 31, 2018, respectively, the derivative instruments affected Comprehensive Income as follows:


(Dollars in thousands)	Location of Loss Recognized in Income on Derivatives	Amount of Loss Recognized in Income on Derivatives
			2019		2018
Interest rate contracts	Interest expense, net	$	12	$	—
Total		$	12	$	—


	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
	2019		2018			2019		2018			2019		2018
Interest rate contracts	$	81	$	—	Interest expense, net	$	12	$	—	Interest expense, net	$	—	$	—
Total	$	81	$	—		$	12	$	—		$	—	$	—

Fair Value Measurements

3 Months Ended

Mar. 31, 2019

Fair Value Measurements [Abstract]

Fair Value Measurements

Note 18 – Fair Value Measurements

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

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

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

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

As of March 31, 2019 and December 31, 2018 material financial assets and financial liabilities were carried and measured at fair value on a recurring basis.

The following tables summarize our financial liabilities that are carried at cost and measured at fair value on a non-recurring basis as of March 31, 2019 and December 31, 2018, by level within the fair value hierarchy.



			Fair Value Measurement at March 31, 2019
(Dollars in thousands)	Carrying Value(1)		Level 1		Level 2		Level 3		Total
Notes payable	$	155,855	$	—	$	—	$	159,871	$	159,871
Subordinated debt		27,913		—		—		19,162		19,162
	$	183,768	$	—	$	—	$	179,033	$	179,033



			Fair Value Measurement at December 31, 2018
(Dollars in thousands)	Carrying Value(1)		Level 1		Level 2		Level 3		Total
Notes payable	$	139,130	$	—	$	—	$	143,564	$	143,564
Subordinated debt		27,913		—		—		18,895		18,895
	$	167,043	$	—	$	—	$	162,459	$	162,459

(1)

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

Following is a description of the valuation methodologies used to estimate the fair value of our financial assets and liabilities. There have been no changes in the methodologies used at March 31, 2019 and December 31, 2018.

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

Level 2 derivative financial instruments are valued based on discounted cash flow models that incorporate observable inputs such as interest rates and yield curves from the derivative counterparties. The credit valuation adjustments associated with our non-performance risk and counterparty credit risk are incorporated in the fair value estimates of our derivatives. As of March 31, 2019 and December 31, 2018, we concluded that the credit valuation adjustments were not significant to the overall valuation of our derivatives.

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

The Company’s financial instruments also include cash, cash equivalents, receivables and accounts payable. The carrying values of these financial instruments approximate the fair values due to their short maturities. Additionally, there were no transfers of assets and liabilities between levels 1, 2, or 3 during the quarter ended March 31, 2019 and March 31, 2018.

- Definition

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

+ References + Details

Business Combination

3 Months Ended

Mar. 31, 2019

Business Combination [Abstract]

Business Combination

Note 19 – Business Combination

On January 30, 2019, we purchased the tenant’s interest and other operating assets of an established four-screen cinema in Devonport, Tasmania, Australia, for $1.4 million (AU$1.95 million). We commenced trading from this new cinema site on January 30, 2019.

The total purchase price was allocated to the identifiable assets acquired based on our preliminary estimates of their fair values on the acquisition date. There were no liabilities assumed. As of March 31, 2019, the Company is still finalizing its allocation and this may result in potential adjustments within the one-year measurement period from acquisition date. The determination of the fair values of the acquired assets (and the related determination of their estimated lives) requires significant judgment.

Our preliminary purchase price allocation is as follows:


	Preliminary Purchase Price
	Allocation
(Dollars in thousands)	US Dollars(1)		AU dollars
Tangible Assets
Operating property:
Fixtures and equipment	$	153	$	213
Intangible Assets
Goodwill		1,248		1,734
Total assets acquired		1,401		1,947

Net assets acquired	$	1,401	$	1,947

(1)

The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, January 30, 2019.

Summary Of Significant Accounting Policies (Policy)

3 Months Ended

Mar. 31, 2019

Summary Of Significant Accounting Policies [Abstract]

Basis Of Consolidation

Basis of Consolidation

Operating results for the quarter ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019.

Use Of Estimates

Use of Estimates

Recently Adopted And Issued Accounting Pronouncements

Recently Adopted and Issued Accounting Pronouncements

Adopted:


(Dollars in thousands)	Balance at December 31, 2018		Adjustments due to ASC 842		Balance at January 1, 2019
Assets
Operating property, net	$	257,667	$	370	$	258,037
Operating lease right-of-use assets		—		232,319		232,319
Intangible assets, net		7,369		(3,542)		3,827
Deferred tax asset, net		26,235		82		26,317
Liabilities
Operating lease liabilities	$	—	$	245,280	$	245,280
Other non-current liabilities		28,931		(16,033)		12,898
Stockholders' Equity
Non-controlling interest	$	4,337	$	(46)	$	4,291
Retained earnings		47,616		28		47,644


	Period Ended March 31, 2019
(Dollars in thousands)	As Reported, March 31, 2019		Balances Without Adoption of ASC 842		Effect of change Higher / (Lower)
Cinema costs and expenses	$	48,329	$	48,334	$	(5)
Depreciation and amortization		5,594		5,552		42
General and administrative		6,484		6,528		(44)
Interest expense, net		1,852		1,849		3
Income tax (benefit) expense		1,042		1,041		1
Net income (loss)	$	(2,097)	$	(2,094)	$	3


(Dollars in thousands)	As Reported, March 31, 2019		Balances Without Adoption of ASC 842		Effect of change Higher / (Lower)
Assets
Operating property, net	$	257,402	$	257,072	$	330
Intangible assets		3,694		7,151		(3,457)
Operating lease right-of-use assets		229,266		—		229,266
Deferred tax asset, net		26,483		26,400		83
Liabilities
Other current liabilities	$	9,525	$	9,363	$	162
Operating lease liabilities, current		19,797		—		19,797
Other non-current liabilities		12,346		28,643		(16,297)
Operating lease liabilities, non-current		222,594		—		222,594
Stockholders' Equity
Retained earnings	$	45,563	$	45,585	$	(22)

Issued:

ASUs Effective 2019 and Beyond

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

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 report.

Consolidated Statements of Income:


	Three Months Ended March 31, 2018
(Dollars in thousands)	As Reported		Adjustment		As Revised
Real estate revenue	$	3,567	$	50	$	3,617
Total revenue		75,822		50		75,872
Operating income (loss)		5,643		50		5,693
Income before income taxes		4,224		50		4,274
Income tax benefit (expense)		(1,155)		(15)		(1,170)
Net income (loss)		3,069		35		3,104
Net income (loss) attributable to Reading International, Inc. common shareholders		3,047		35		3,082

Basic earnings (loss) per share	$	0.13	$	—	$	0.13
Diluted earnings (loss) per share		0.13		—		0.13

Consolidated Balance Sheets:


	Summary of Equity
(Dollars in thousands)	As Reported		Adjustment		As Revised
Equity at January 1, 2018	$	176,910	$	377	$	177,287
Net income (loss)		3,047		35		3,082
Equity at March 31, 2018	$	179,423	$	412	$	179,835

Consolidated Statements of Cash Flows:


	Three Months Ended March 31, 2018
(Dollars in thousands)	As Reported		Adjustment		As Revised
Net income (loss)	$	3,069	$	35	$	3,104
Change in net deferred tax assets		157		15		172
Prepaid and other assets		(2,259)		(50)		(2,309)
Net cash provided by operating activities	$	2,452	$	—	$	2,452

Description Of Business And Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

Description Of Business And Segment Reporting [Abstract]

Summary Of Results Of Operations For Principal Business Segments



	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Revenue:
Cinema exhibition	$	57,986	$	72,255
Real estate		5,431		6,008
Inter-segment elimination		(1,866)		(2,391)
	$	61,551	$	75,872
Segment operating income (loss):
Cinema exhibition	$	2,642	$	10,285
Real estate		1,159		1,681
	$	3,801	$	11,966

Reconciliation To Net Income Attributable To Common Shareholders



	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Segment operating income (loss)	$	3,801	$	11,966
Unallocated corporate expense
Depreciation and amortization expense		(61)		(117)
General and administrative expense		(5,041)		(6,156)
Interest expense, net		(1,852)		(1,594)
Equity earnings of unconsolidated joint ventures		34		257
Other income (expense)		(20)		(82)
Income (loss) before income tax expense	$	(3,139)	$	4,274

Summary Of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Summary Of Significant Accounting Policies [Abstract]

Balance With And Without The Adoption Of ASC 842 On Financial Statements


(Dollars in thousands)	Balance at December 31, 2018		Adjustments due to ASC 842		Balance at January 1, 2019
Assets
Operating property, net	$	257,667	$	370	$	258,037
Operating lease right-of-use assets		—		232,319		232,319
Intangible assets, net		7,369		(3,542)		3,827
Deferred tax asset, net		26,235		82		26,317
Liabilities
Operating lease liabilities	$	—	$	245,280	$	245,280
Other non-current liabilities		28,931		(16,033)		12,898
Stockholders' Equity
Non-controlling interest	$	4,337	$	(46)	$	4,291
Retained earnings		47,616		28		47,644


	Period Ended March 31, 2019
(Dollars in thousands)	As Reported, March 31, 2019		Balances Without Adoption of ASC 842		Effect of change Higher / (Lower)
Cinema costs and expenses	$	48,329	$	48,334	$	(5)
Depreciation and amortization		5,594		5,552		42
General and administrative		6,484		6,528		(44)
Interest expense, net		1,852		1,849		3
Income tax (benefit) expense		1,042		1,041		1
Net income (loss)	$	(2,097)	$	(2,094)	$	3


(Dollars in thousands)	As Reported, March 31, 2019		Balances Without Adoption of ASC 842		Effect of change Higher / (Lower)
Assets
Operating property, net	$	257,402	$	257,072	$	330
Intangible assets		3,694		7,151		(3,457)
Operating lease right-of-use assets		229,266		—		229,266
Deferred tax asset, net		26,483		26,400		83
Liabilities
Other current liabilities	$	9,525	$	9,363	$	162
Operating lease liabilities, current		19,797		—		19,797
Other non-current liabilities		12,346		28,643		(16,297)
Operating lease liabilities, non-current		222,594		—		222,594
Stockholders' Equity
Retained earnings	$	45,563	$	45,585	$	(22)

Accounting Changes To Financial Statements

Consolidated Statements of Income:


	Three Months Ended March 31, 2018
(Dollars in thousands)	As Reported		Adjustment		As Revised
Real estate revenue	$	3,567	$	50	$	3,617
Total revenue		75,822		50		75,872
Operating income (loss)		5,643		50		5,693
Income before income taxes		4,224		50		4,274
Income tax benefit (expense)		(1,155)		(15)		(1,170)
Net income (loss)		3,069		35		3,104
Net income (loss) attributable to Reading International, Inc. common shareholders		3,047		35		3,082

Basic earnings (loss) per share	$	0.13	$	—	$	0.13
Diluted earnings (loss) per share		0.13		—		0.13

Consolidated Balance Sheets:


	Summary of Equity
(Dollars in thousands)	As Reported		Adjustment		As Revised
Equity at January 1, 2018	$	176,910	$	377	$	177,287
Net income (loss)		3,047		35		3,082
Equity at March 31, 2018	$	179,423	$	412	$	179,835

Consolidated Statements of Cash Flows:


	Three Months Ended March 31, 2018
(Dollars in thousands)	As Reported		Adjustment		As Revised
Net income (loss)	$	3,069	$	35	$	3,104
Change in net deferred tax assets		157		15		172
Prepaid and other assets		(2,259)		(50)		(2,309)
Net cash provided by operating activities	$	2,452	$	—	$	2,452

Operations In Foreign Currency (Tables)

3 Months Ended

Mar. 31, 2019

Operations In Foreign Currency [Abstract]

Summary Of Currency Exchange Rates



	Foreign Currency / USD
	As of and for the quarter ended	As of and for the twelve months ended	As of and for the quarter ended
	March 31, 2019	December 31, 2018	March 31, 2018
Spot Rate
Australian Dollar	0.7104	0.7046	0.7690
New Zealand Dollar	0.6820	0.6711	0.7239
Average Rate
Australian Dollar	0.7123	0.7479	0.7861
New Zealand Dollar	0.6816	0.6930	0.7275

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share



	Three Months Ended
	March 31,
(Dollars in thousands, except share data)	2019		2018
Numerator:
Net income (loss) attributable to RDI common stockholders	$	(2,081)	$	3,082
Denominator:
Weighted average number of common stock – basic		22,920,486		22,967,237
Weighted average dilutive impact of awards		203,620		165,752
Weighted average number of common stock – diluted		23,124,106		23,132,989
Basic earnings (loss) per share attributable to RDI common stockholders	$	(0.09)	$	0.13
Diluted earnings (loss) per share attributable to RDI common stockholders	$	(0.09)	$	0.13
Awards excluded from diluted earnings (loss) per share		496,089		—

Property And Equipment (Tables)

3 Months Ended

Mar. 31, 2019

Property And Equipment [Abstract]

Schedule Of Property And Equipment



	March 31,		December 31,
(Dollars in thousands)	2019		2018
Land	$	76,110	$	75,689
Building and improvements		151,525		149,734
Leasehold improvements		56,160		55,299
Fixtures and equipment		171,674		167,943
Construction-in-progress		3,185		3,478
Total cost		458,654		452,143
Less: accumulated depreciation		(201,252)		(194,476)
Operating property, net	$	257,402	$	257,667

Summary Of Investment And Development Property



	March 31,		December 31,
(Dollars in thousands)	2019		2018
Land	$	24,310	$	24,371
Building		1,900		1,900
Construction-in-progress (including capitalized interest)		68,946		60,533
Investment and development property	$	95,156	$	86,804

Construction-In-Progress Balance



(Dollars in thousands)	Balance, December 31, 2018		Additions during the period(1)		Completed during the period		Foreign currency translation		Balance, March 31, 2019
Union Square development	$	55,634	$	7,724	$	—	$	(1)	$	63,357
Newmarket Property development		9		4		—		—		13
Courtenay Central development		5,571		234		—		94		5,899
Cinema developments and improvements		1,664		3,551		(3,997)		4		1,222
Other real estate projects		1,133		528		(27)		6		1,640
Total	$	64,011	$	12,041	$	(4,024)	$	103	$	72,131

(1)

Includes capitalized interest of $1.3 million for the quarter ended March 31, 2019.

Investments In Unconsolidated Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2019

Investments In Unconsolidated Joint Ventures [Abstract]

Summary Of The Investments In Unconsolidated Joint Ventures And Entities



		March 31,		December 31,
(Dollars in thousands)	Interest	2019		2018
Rialto Cinemas	50.0%	$	1,224	$	1,260
Mt. Gravatt	33.3%		3,734		3,861
Total investments		$	4,958	$	5,121

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



	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Rialto Cinemas	$	(56)	$	70
Mt. Gravatt		90		187
Total equity earnings	$	34	$	257

Goodwill And Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill And Intangible Assets [Abstract]

Summary Of Goodwill



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at, December 31, 2018	$	14,221	$	5,224	$	19,445
Change in goodwill due to a purchase of business combination		1,248		—		1,248
Foreign currency translation adjustment		143		—		143
Balance at, March 31, 2019	$	15,612	$	5,224	$	20,836

Summary Of Intangible Assets Other Than Goodwill



	As of March 31, 2019
(Dollars in thousands)	Beneficial Leases		Trade Name		Other Intangible Assets		Total
Gross carrying amount	$	15,069	$	7,255	$	1,999	$	24,323
Less: Accumulated amortization		(14,260)		(5,269)		(1,100)		(20,629)
Net intangible assets other than goodwill	$	809	$	1,986	$	899	$	3,694



	As of 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

Summary Of Amortization Expense



	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Beneficial lease amortization	$	79	$	207
Other amortization		22		93
Total intangible assets amortization	$	101	$	300

Prepaid And Other Assets (Tables)

3 Months Ended

Mar. 31, 2019

Prepaid And Other Assets [Abstract]

Summary Of Prepaid And Other Assets



	March 31,		December 31,
(Dollars in thousands)	2019		2018
Prepaid and other current assets
Prepaid expenses	$	2,105	$	1,761
Prepaid rent		1,020		930
Prepaid taxes		1,026		646
Income taxes receivable		4,106		2,704
Deposits		242		242
Investment in marketable securities		44		42
Restricted cash		1,099		1,342
Total prepaid and other current assets	$	9,642	$	7,667
Other non-current assets
Straight-line rent		4,219		4,150
Other non-cinema and non-rental real estate assets		1,134		1,134
Investment in Reading International Trust I		838		838
Long-term deposits		8		7
Long-term restricted cash		—		—
Total other non-current assets	$	6,199	$	6,129

Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt [Abstract]

Summary Of Notes Payable



	As of March 31, 2019
(Dollars in thousands)	Maturity Date	Contractual Facility		Balance, Gross		Balance, Net(1)		Stated Interest Rate	Effective Interest Rate(2)
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	26,116	6.75%	6.75%
Bank of America Credit Facility (USA)	May 1, 2020		55,000		30,000		30,000	5.02%	5.02%
Bank of America Line of Credit (USA)	October 31, 2019		5,000		3,500		3,500	5.52%	5.52%
Banc of America digital projector loan (USA)	December 28, 2019		1,979		1,979		1,979	5.00%	5.00%
Cinema 1, 2, 3 Term Loan (USA)	September 1, 2019		18,978		18,978		18,768	3.25%	3.25%
Minetta & Orpheum Theatres Loan (USA)	November 1, 2023		8,000		8,000		7,864	4.54%	4.54%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,437		9,437		9,319	4.64% / 4.44%	4.61%
Union Square Construction Financing (USA)	December 29, 2019		57,500		33,934		32,463	6.76% / 12.51%	8.02%
Denominated in foreign currency ("FC") (3)
NAB Corporate Term Loan (AU)	December 31, 2023		85,248		40,138		40,111	2.70%	2.70%
Westpac Bank Corporate (NZ)	December 31, 2023		21,824		9,889		9,889	3.80%	3.80%
		$	290,879	$	183,768	$	180,009

(1)

Net of deferred financing costs amounting to $3.8 million.

(2)

(3)

The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of March 31, 2019.



	As of December 31, 2018
(Dollars in thousands)	Maturity Date	Contractual Facility		Balance, Gross		Balance, Net(1)		Stated Interest Rate	Effective Interest Rate (2)
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")(3)
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%
		$	252,929	$	167,043	$	162,740

(1)

Net of deferred financing costs amounting to $4.3 million.

(2)

(3)

The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2018.

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



	March 31,		December 31,
Balance Sheet Caption	2019		2018
Debt - current portion	$	40,077	$	30,393
Debt - long-term portion		113,816		106,286
Subordinated debt		26,116		26,061
Total borrowings	$	180,009	$	162,740

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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-Section 45
-Paragraph 2
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

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

+ Details

Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Other Liabilities [Abstract]

Summary Of Other Liabilities Including Pension



	March 31,		December 31,
(Dollars in thousands)	2019		2018
Current liabilities
Lease liability	$	5,900	$	5,900
Liability for demolition costs		2,664		2,630
Accrued pension		684		684
Security deposit payable		88		84
Finance lease liabilities		162		—
Other		27		7
Other current liabilities	$	9,525	$	9,305
Other liabilities
Straight-line rent	$	—	$	16,362
Lease make-good provision		5,722		5,614
Accrued pension		4,544		4,670
Environmental reserve		1,656		1,656
Deferred revenue - real estate		9		32
Acquired leases		47		91
Finance lease liabilities		169		—
Other		199		506
Other liabilities	$	12,346	$	28,931

Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2019

Accumulated Other Comprehensive Income [Abstract]

Summary Of Accumulated Other Comprehensive Income



(Dollars in thousands)	Foreign Currency Items		Unrealized Gain (Losses) on Available- for-Sale Investments		Accrued Pension Service Costs		Hedge Accounting Reserve		Total
Balance at January 1, 2019	$	8,687	$	3	$	(2,438)	$	(137)	$	6,115

Change related to derivatives
Total change in hedge fair value recorded in Other Comprehensive Income		—		—		—		(81)		(81)
Amounts reclassified from accumulated other comprehensive income		—		—		—		12		12
Net change related to derivatives		—		—		—		(69)		(69)

Net current-period other comprehensive income (loss)		1,526		2		51		(69)		1,510
Balance at March 31, 2019	$	10,213	$	5	$	(2,387)	$	(206)	$	7,625

Non-controlling Interests (Tables)

3 Months Ended

Mar. 31, 2019

Non-controlling Interests [Abstract]

Components Of Non-controlling Interests



	March 31,		December 31,
(Dollars in thousands)	2019		2018
Australian Country Cinemas, Pty Ltd	$	27	$	89
Shadow View Land and Farming, LLC		2,156		2,153
Sutton Hill Properties, LLC		2,084		2,095
Noncontrolling interests in consolidated subsidiaries	$	4,267	$	4,337

Components Of Income Attributable To Non-controlling Interest



	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Australian Country Cinemas, Pty Ltd	$	9	$	41
Shadow View Land and Farming, LLC		(14)		(13)
Sutton Hill Properties, LLC		(11)		(6)
Net income (loss) attributable to noncontrolling interests	$	(16)	$	22

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



(Dollars in thousands)	Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at January 1, 2019	$	176,210	$	4,337	$	180,547
Adjustments to opening retained earnings on adoption of ASC 842		28		(46)		(18)
Net income (loss)		(2,081)		(16)		(2,097)
Increase in additional paid in capital		21		—		21
Treasury stock purchased		(9)		—		(9)
Contributions from noncontrolling stockholders		—		18		18
Distributions to noncontrolling stockholders		—		(27)		(27)
Accumulated other comprehensive income		1,510		1		1,511
Equity at March 31, 2019	$	175,679	$	4,267	$	179,946

(Dollars in thousands)	Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at January 1, 2018	$	177,287	$	4,331	$	181,618
Adjustments to opening retained earnings on adoption of ASC 606		194		(2)		192
Net income (loss)		3,082		22		3,104
Increase in additional paid in capital		339		—		339
Treasury stock purchased		(317)		—		(317)
Contributions from noncontrolling stockholders		—		27		27
Distributions to noncontrolling stockholders		—		(43)		(43)
Accumulated other comprehensive loss		(750)		(3)		(753)
Equity at March 31, 2018	$	179,835	$	4,332	$	184,167

Stock-Based Compensation And Stock Repurchases (Tables)

3 Months Ended

Mar. 31, 2019

Stock-Based Compensation And Stock Repurchases [Abstract]

Schedule Of Fair Value Of Options, Weighted Average Assumptions



	Three Months Ended March 31,
	2019		2018
Stock option exercise price	$	16.12	$	—
Risk-free interest rate		2.42%		0.00%
Expected dividend yield		—		—
Expected option life in years		3.75		—
Expected volatility		23.32%		0.00%
Weighted average fair value	$	3.50	$	—

Schedule Of Vested And Unvested Stock Options



	Outstanding Stock Options - Class A Shares
	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Years of Contractual Life	Aggregate Intrinsic Value
	Class A	Class A		Class A	Class A
Balance - December 31, 2017	524,589	$	12.50	3.15	$	3,054,325
Granted	126,840		16.40	—		—
Exercised	(60,000)		6.02	—		610,249
Forfeited	(4,960)		12.08	—		—
Balance - December 31, 2018	586,469	$	14.01	2.88	$	1,530,528
Granted	219,408		16.12	—		—
Exercised	(67,500)		13.42	—		185,175
Forfeited	(25,000)		13.42	—		—
Balance - March 31, 2019	713,377	$	14.74	3.53	$	1,993,628

Schedule Of Restricted Stock Units Issued And Vested



	Outstanding Restricted Stock Units
	RSU Grants (in units)			Vested,	Unvested,	Forfeited,
Grant Date	Directors	Management	Total Grants	March 31, 2019	March 31, 2019	March 31, 2019
March 10, 2016	35,147	27,381	62,528	55,684	6,844
April 11, 2016	—	5,625	5,625	2,815	2,293	517
March 23, 2017	30,681	32,463	63,144	46,919	16,225
August 29, 2017	—	7,394	7,394	3,698	3,696
January 2, 2018	29,393	—	29,393	29,393	—
April 12, 2018	—	29,596	29,596	—	29,596
April 13, 2018	—	14,669	14,669	—	14,669
July 6, 2018	—	932	932	—	—	932
November 7, 2018	23,010	—	23,010	—	23,010
March 13, 2019	—	24,366	24,366	—	24,366
March 14, 2019	—	23,327	23,327	—	23,327
Total	118,231	165,753	283,984	138,509	144,026	1,449

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Components Of Lease Expense


	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Lease cost
Finance lease cost:				—
Amortization of right-of-use assets	$	41	$	—
Interest on lease liabilities		3		—
Operating lease cost		7,921		—
Variable lease cost		105		—
Total lease cost	$	8,070	$	—

Supplemental Cash Flow Information Related To Leases


	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Cash flows relating to lease cost
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	44	$	—
Operating cash flows from operating leases		7,780		—
Right-of-use assets obtained in exchange for new finance lease liabilities		—		—
Right-of-use assets obtained in exchange for new operating lease liabilities		2,181		—

Supplemental Balance Sheet Information Related To Leases


	March 31,		December 31,
(Dollars in thousands)	2019		2018
Operating leases
Operating lease right-of-use assets	$	229,266	$	—
Operating lease liabilities - current portion		19,797		—
Operating lease liabilities - non-current portion		222,594		—
Total operating lease liabilities	$	242,391	$	—
Finance leases
Property plant and equipment, gross		372		—
Accumulated depreciation		(41)		—
Property plant and equipment, net	$	331	$	—
Other current liabilities		162		—
Other long-term liabilities		169		—
Total finance lease liabilities	$	331	$	—

Other information
Weighted-average remaining lease term - finance leases		3		—
Weighted-average remaining lease term - operating leases		11		—
Weighted-average discount rate - finance leases		5.05%		—
Weighted-average discount rate - operating leases		4.97%		—

Maturity Of Leases As Lessee


(Dollars in thousands)	Operating leases		Finance leases
2019	$	23,566	$	133
2020		31,434		101
2021		31,717		53
2022		31,901		43
2023		31,018		28
Thereafter		169,221		—
Total lease payments	$	318,857	$	358
Less imputed interest		(76,466)		(27)
Total	$	242,391	$	331

Components Of Lease Income


	Three Months Ended
	March 31,
(Dollars in thousands)	2019		2018
Components of lease income
Lease payments	$	2,229	$	2,423
Variable lease payments		265		80
Total lease income	$	2,494	$	2,503

Book Value Of Assets Under Operating Leases From Owned Assets


	March 31,		December 31,
(Dollars in thousands)	2019		2018
Building and improvements
Gross balance	$	68,483	$	67,887
Accumulated depreciation		(18,375)		(17,709)
Net Book Value	$	50,108	$	50,178

Maturity Of Leases As Lessor


(Dollars in thousands)	Operating leases
2019	$	6,470
2020		7,439
2021		6,830
2022		5,961
2023		5,187
Thereafter		10,295
Total	$	42,182

Hedge Accounting (Tables)

3 Months Ended

Mar. 31, 2019

Hedge Accounting [Abstract]

Schedule Of Derivative Instruments On The Balance Sheet At Fair Value


	Liability Derivatives
	March 31,			December 31,
	2019			2018
(Dollars in thousands)	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate contracts	Derivative financial instruments - current portion	$	52	Derivative financial instruments - current portion	$	41
	Derivative financial instruments - non-current portion		203	Derivative financial instruments - non-current portion		145
Total derivatives designated as hedging instruments		$	255		$	186
Total derivatives		$	255		$	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
			2019		2018
Interest rate contracts	Interest expense, net	$	12	$	—
Total		$	12	$	—

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
	2019		2018			2019		2018			2019		2018
Interest rate contracts	$	81	$	—	Interest expense, net	$	12	$	—	Interest expense, net	$	—	$	—
Total	$	81	$	—		$	12	$	—		$	—	$	—

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Measurements [Abstract]

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



			Fair Value Measurement at March 31, 2019
(Dollars in thousands)	Carrying Value(1)		Level 1		Level 2		Level 3		Total
Notes payable	$	155,855	$	—	$	—	$	159,871	$	159,871
Subordinated debt		27,913		—		—		19,162		19,162
	$	183,768	$	—	$	—	$	179,033	$	179,033



			Fair Value Measurement at December 31, 2018
(Dollars in thousands)	Carrying Value(1)		Level 1		Level 2		Level 3		Total
Notes payable	$	139,130	$	—	$	—	$	143,564	$	143,564
Subordinated debt		27,913		—		—		18,895		18,895
	$	167,043	$	—	$	—	$	162,459	$	162,459

(1)

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

Business Combination (Tables)

3 Months Ended

Mar. 31, 2019

Business Combination [Abstract]

Schedule Of Purchase Price Allocation


	Preliminary Purchase Price
	Allocation
(Dollars in thousands)	US Dollars(1)		AU dollars
Tangible Assets
Operating property:
Fixtures and equipment	$	153	$	213
Intangible Assets
Goodwill		1,248		1,734
Total assets acquired		1,401		1,947

Net assets acquired	$	1,401	$	1,947

(1)

The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, January 30, 2019.

Description Of Business And Segment Reporting (Summary Of Results Of Operations For Principal Business Segments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 61,551	$ 75,872
Segment operating income	(1,301)	5,693
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	61,551	75,872
Segment operating income	3,801	11,966
Inter-segment Elimination [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	(1,866)	(2,391)
Cinema Exhibition [Member] \| Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	57,986	72,255
Segment operating income	2,642	10,285
Real Estate [Member] \| Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	5,431	6,008
Segment operating income	$ 1,159	$ 1,681

Description Of Business And Segment Reporting (Reconciliation To Net Income Attributable To Common Shareholders) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Operating income (loss)	$ (1,301)	$ 5,693
Depreciation and amortization expense	(5,594)	(5,250)
General and administrative expense	(6,484)	(7,597)
Equity earnings of unconsolidated joint ventures	34	257
Other income (expense)	(20)	(82)
Income (loss) before income taxes	(3,139)	4,274
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	3,801	11,966
Unallocated Corporate Expense [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expense	(61)	(117)
General and administrative expense	(5,041)	(6,156)
Interest expense, net	$ (1,852)	$ (1,594)

Summary Of Significant Accounting Policies (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018 USD ($)
Description Of Business And Segment Reporting [Abstract]
Prior period immaterial error amount	$ 440

Summary Of Significant Accounting Policies (Balance With And Without The Adoption Of ASC 842 On The Balance Sheet) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating property, net	$ 257,402	$ 258,037	$ 257,667
Operating lease right-of-use assets	229,266	232,319
Intangible assets, net	3,694	3,827	7,369
Deferred tax asset, net	26,483	26,317	26,235
Operating lease liabilities - current	19,797	245,280
Other non-current liabilities	12,346	12,898	28,931
Noncontrolling interests	4,267	4,291	4,337
Retained earnings	$ 45,563	$ 47,644	47,616
As Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating property, net			257,667
Intangible assets, net			7,369
Deferred tax asset, net			26,235
Other non-current liabilities			28,931
Noncontrolling interests			4,337
Retained earnings			47,616
Adjustments [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating property, net			370
Operating lease right-of-use assets			232,319
Intangible assets, net			(3,542)
Deferred tax asset, net			82
Operating lease liabilities - current			245,280
Other non-current liabilities			(16,033)
Noncontrolling interests			(46)
Retained earnings			$ 28

Summary Of Significant Accounting Policies (Balance With And Without The Adoption Of ASC 842 On The Statements Of Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019	Dec. 31, 2018
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Costs and expenses	$ 62,852	$ 70,179
Depreciation and amortization	5,594	5,250
General and administrative	6,484	7,597
Interest expense, net	1,852	1,594
Income tax (benefit) expense	1,042	(1,170)
Net income (loss)	(2,097)	3,104
Operating property, net	257,402		$ 258,037	$ 257,667
Intangible assets, net	3,694		3,827	7,369
Operating lease right-of-use assets	229,266		232,319
Deferred tax asset, net	26,483		26,317	26,235
Other current liabilities	9,525			9,305
Operating lease liabilities - current	19,797		245,280
Other non-current liabilities	12,346		12,898	28,931
Operating lease liabilities - non-current portion	222,594
Retained earnings	45,563		$ 47,644	$ 47,616
Balance Without Adoption Of ASC 842 [[Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Depreciation and amortization	5,552
General and administrative	6,528
Interest expense, net	1,849
Income tax (benefit) expense	1,041
Net income (loss)	(2,094)
Operating property, net	257,072
Intangible assets, net	7,151
Deferred tax asset, net	26,400
Other current liabilities	9,363
Other non-current liabilities	28,643
Retained earnings	45,585
Effect Of Change Higher/(Lower) [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Depreciation and amortization	42
General and administrative	(44)
Interest expense, net	3
Income tax (benefit) expense	1
Net income (loss)	3
Operating property, net	330
Intangible assets, net	(3,457)
Operating lease right-of-use assets	229,266
Deferred tax asset, net	83
Other current liabilities	162
Operating lease liabilities - current	19,797
Other non-current liabilities	(16,297)
Operating lease liabilities - non-current portion	222,594
Retained earnings	(22)
Cinema [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Costs and expenses	48,329	$ 54,948
Cinema [Member] \| Balance Without Adoption Of ASC 842 [[Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Costs and expenses	48,334
Cinema [Member] \| Effect Of Change Higher/(Lower) [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Costs and expenses	$ (5)

Summary Of Significant Accounting Policies (Accounting Changes To Consolidated Statements Of Income) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 61,551	$ 75,872
Operating income (loss)	(1,301)	5,693
Income before income taxes	(3,139)	4,274
Income tax benefit (expense)	1,042	(1,170)
Net income (loss)	(2,097)	3,104
Net income (loss) attributable to Reading International, Inc. common stockholders	$ (2,081)	$ 3,082
Basic earnings (loss) per share	$ (0.09)	$ 0.13
Diluted earnings (loss) per share	$ (0.09)	$ 0.13
Real Estate [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 3,565	$ 3,617
As Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		75,822
Operating income (loss)		5,643
Income before income taxes		4,224
Income tax benefit (expense)		(1,155)
Net income (loss)		3,069
Net income (loss) attributable to Reading International, Inc. common stockholders		$ 3,047
Basic earnings (loss) per share		$ 0.13
Diluted earnings (loss) per share		$ 0.13
As Reported [Member] \| Real Estate [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		$ 3,567
Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		50
Operating income (loss)		50
Income before income taxes		50
Income tax benefit (expense)		(15)
Net income (loss)		35
Net income (loss) attributable to Reading International, Inc. common stockholders		35
Adjustments [Member] \| Real Estate [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		$ 50

Summary Of Significant Accounting Policies (Accounting Changes To Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Balance	$ 180,547	$ 177,287
Net income	(2,081)	3,082
Balance	$ 179,946	179,835
As Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Balance		176,910
Net income		3,047
Balance		179,423
Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Balance		377
Net income		35
Balance		$ 412

- Definition

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

+ References + Details

Summary Of Significant Accounting Policies (Accounting Changes To Consolidated Statements Of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)	$ (2,097)	$ 3,104
Change in net deferred tax assets	(150)	172
Prepaid and other assets	(1,957)	(2,309)
Net cash provided by operating activities	$ (3,841)	2,452
As Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)		3,069
Change in net deferred tax assets		157
Prepaid and other assets		(2,259)
Net cash provided by operating activities		2,452
Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)		35
Change in net deferred tax assets		15
Prepaid and other assets		$ (50)

- Definition

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

+ References

+ Details

Operations In Foreign Currency (Summary Of Currency Exchange Rates) (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Australian Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.7104	0.7690	0.7046
Australian Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.7123	0.7861	0.7479
New Zealand Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6820	0.7239	0.6711
New Zealand Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6816	0.7275	0.6930

Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Net income (loss) attributable to Reading International, Inc. common stockholders	$ (2,081)	$ 3,082
Weighted average number of common stock – basic	22,920,486	22,967,237
Weighted average dilutive impact of awards	203,620	165,752
Weighted average number of common stock – diluted	23,124,106	23,132,989
Basic earnings (loss) per share attributable to RDI common stockholders	$ (0.09)	$ 0.13
Diluted earnings (loss) per share attributable to RDI common stockholders	$ (0.09)	$ 0.13
Awards excluded from diluted earnings (loss) per share	496,089

- Definition

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

+ References

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+ Details

- Definition

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

+ References

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+ Details

- Definition

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

+ References + Details

Property And Equipment (Narrative) (Details) $ in Millions		3 Months Ended
Property And Equipment (Narrative) (Details) $ in Millions	Jun. 13, 2018 AUD ($) m²	Mar. 31, 2019 USD ($)	Mar. 31, 2018 USD ($)	Jun. 29, 2018 m²	Jun. 29, 2018 ft²	Jun. 29, 2018 AUD ($)	Jun. 29, 2018 m	Jun. 29, 2018 ft	Jun. 29, 2018 USD ($)	Jun. 13, 2018 ft²
Property, Plant and Equipment [Line Items]
Depreciation expense for operating property \| $		$ 5.4	$ 4.7
Land At Cannon Park, Australia [Member]
Property, Plant and Equipment [Line Items]
Area of property	15,150									163,000
Payment to acquire property \| $	$ 1
Property In Auburn, Australia [Member]
Property, Plant and Equipment [Line Items]
Sale price						$ 4,500,000			$ 3.5
Building [Member] \| Property In Auburn, Australia [Member]
Property, Plant and Equipment [Line Items]
Area of property \| ft²					16,830
Land [Member] \| Property In Auburn, Australia [Member]
Property, Plant and Equipment [Line Items]
Area of property \| ft²					20,870
Redyard ETC [Member] \| Land [Member] \| Property In Auburn, Australia [Member]
Property, Plant and Equipment [Line Items]
Area of property				48,309	519,992
Length of frontage							498	1,620

Property And Equipment (Schedule Of Property And Equipment) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Property And Equipment [Abstract]
Land	$ 76,110		$ 75,689
Building and improvements	151,525		149,734
Leasehold improvements	56,160		55,299
Fixtures and equipment	171,674		167,943
Construction-in-progress	3,185		3,478
Total cost	458,654		452,143
Less: accumulated depreciation	(201,252)		(194,476)
Operating properties, net	$ 257,402	$ 258,037	$ 257,667

Property And Equipment (Summary Of Investment And Development Property) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Investment and development properties, net	$ 95,156	$ 86,804
Land [Member]
Property, Plant and Equipment [Line Items]
Investment and development properties, net	24,310	24,371
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	$ 68,946	$ 60,533

Property And Equipment (Construction-In-Progress Balance) (Details)
$ in Thousands

3 Months Ended

Mar. 31, 2019

USD ($)

Property, Plant and Equipment [Line Items]

Balance

$ 3,478

Balance

3,185

Capitalized interest

1,300

Operating And Investing Properties [Member]

Property, Plant and Equipment [Line Items]

Balance

64,011

Additions during the period

12,041

^[1]

Completed during the period

(4,024)

Foreign currency translation

103

Balance

72,131

Operating And Investing Properties [Member] | Union Square Development [Member]

Property, Plant and Equipment [Line Items]

Balance

55,634

Additions during the period

7,724

^[1]

Completed during the period

Foreign currency translation

(1)

Balance

63,357

Operating And Investing Properties [Member] | Newmarket Property Development [Member]

Property, Plant and Equipment [Line Items]

Balance

Additions during the period

^[1]

Completed during the period

Foreign currency translation

Balance

Operating And Investing Properties [Member] | Courtenay Central Development [Member]

Property, Plant and Equipment [Line Items]

Balance

5,571

Additions during the period

234

^[1]

Completed during the period

Foreign currency translation

Balance

5,899

Operating And Investing Properties [Member] | Cinema Developments And Improvements [Member]

Property, Plant and Equipment [Line Items]

Balance

1,664

Additions during the period

3,551

^[1]

Completed during the period

(3,997)

Foreign currency translation

Balance

1,222

Operating And Investing Properties [Member] | Other Real Estate Projects [Member]

Property, Plant and Equipment [Line Items]

Balance

1,133

Additions during the period

528

^[1]

Completed during the period

(27)

Foreign currency translation

Balance

$ 1,640

[1]	Includes capitalized interest of $1.3 million for the quarter ended March 31, 2019.

Investments In Unconsolidated Joint Ventures (Summary Of The Investments In Unconsolidated Joint Ventures And Entities) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Total investments	$ 4,958	$ 5,121
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Interest	50.00%
Total investments	$ 1,224	1,260
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Interest	33.30%
Total investments	$ 3,734	$ 3,861

Investments In Unconsolidated Joint Ventures (Summary Of Equity Earnings From Investments In Unconsolidated Joint Ventures And Entities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of Equity Method Investments [Line Items]
Total equity earnings	$ 34	$ 257
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Total equity earnings	(56)	70
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Total equity earnings	$ 90	$ 187

- Definition

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.

+ References + Details

Goodwill And Intangible Assets (Narrative) (Details)	3 Months Ended
Goodwill And Intangible Assets (Narrative) (Details)	Mar. 31, 2019
Beneficial Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	30 years
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	30 years
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	30 years

Goodwill And Intangible Assets (Summary Of Goodwill) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Goodwill [Line Items]
Beginning balance	$ 19,445
Change in goodwill due to a purchase of business combination	1,248
Foreign currency translation adjustment	143
Ending balance	20,836
Cinema [Member]
Goodwill [Line Items]
Beginning balance	14,221
Change in goodwill due to a purchase of business combination	1,248
Foreign currency translation adjustment	143
Ending balance	15,612
Real Estate [Member]
Goodwill [Line Items]
Beginning balance	5,224
Change in goodwill due to a purchase of business combination
Foreign currency translation adjustment
Ending balance	$ 5,224

Goodwill And Intangible Assets (Summary Of Intangible Assets Other Than Goodwill) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 24,323		$ 37,797
Less: Accumulated amortization	(20,629)		(30,428)
Net intangible assets other than goodwill	3,694	$ 3,827	7,369
Beneficial Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	15,069		28,592
Less: Accumulated amortization	(14,260)		(24,145)
Net intangible assets other than goodwill	809		4,447
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	7,255		7,254
Less: Accumulated amortization	(5,269)		(5,207)
Net intangible assets other than goodwill	1,986		2,047
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,999		1,951
Less: Accumulated amortization	(1,100)		(1,076)
Net intangible assets other than goodwill	$ 899		$ 875

Goodwill And Intangible Assets (Summary Of Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	$ 101	$ 300
Beneficial Lease Amortization [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	79	207
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	$ 22	$ 93

Prepaid And Other Assets (Summary Of Prepaid And Other Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Prepaid And Other Assets [Abstract]
Prepaid expenses	$ 2,105	$ 1,761
Prepaid rent	1,020	930
Prepaid taxes	1,026	646
Income taxes receivable	4,106	2,704
Deposits	242	242
Investment in marketable securities	44	42
Restricted cash	1,099	1,342
Total prepaid and other current assets	9,642	7,667
Straight-line rent	4,219	4,150
Other non-cinema and non-rental real estate assets	1,134	1,134
Investment in Reading International Trust I	838	838
Long-term deposits	8	7
Long-term restricted cash
Total other non-current assets	$ 6,199	$ 6,129

Income Taxes (Narrative) (Details)	3 Months Ended
Income Taxes (Narrative) (Details)	Mar. 31, 2019	Mar. 31, 2018
Income Taxes [Abstract]
Effective tax rate	33.20%	27.30%

Debt (Minetta And Orpheum Theatres Loan) (Narrative) (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
	Oct. 12, 2018	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Loan amount		$ 290,879	$ 252,929
Minetta And Orpheum Theatres Loan [Member]
Debt Instrument [Line Items]
Loan amount		$ 8,000	$ 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

Debt (Banc of America Digital Projector Loan) (Narrative) (Details) - USD ($) $ in Thousands		2 Months Ended	3 Months Ended	12 Months Ended
	Feb. 05, 2018	Apr. 30, 2018	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Contractual facility			$ 290,879	$ 252,929
US Banc Of America Digital Projector Loan [Member]
Debt Instrument [Line Items]
Contractual facility	$ 4,600	$ 4,900	$ 1,979	$ 2,604
Interest rate	5.00%

Debt (Bank Of America Credit Facility) (Narrative) (Details) - USD ($) $ in Thousands			3 Months Ended	12 Months Ended
	Mar. 05, 2019	Mar. 03, 2016	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Contractual facility			$ 290,879	$ 252,929
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
Extension period	6 months

Debt (Union Square Construction Financing) (Narrative) (Details)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 29, 2016

USD ($)

loan

Mar. 31, 2019

USD ($)

Dec. 31, 2018

USD ($)

Debt Instrument [Line Items]

Contractual facility

$ 290,879

$ 252,929

Union Square Construction Financing [Member]

Debt Instrument [Line Items]

Contractual facility

$ 57,500

57,500

$ 57,500

^[1]

Union Square Construction Financing [Member] | Non-Mezzanine Loan [Member]

Debt Instrument [Line Items]

Advanced-to-Date

26,400

Union Square Construction Financing [Member] | Senior Loan [Member]

Debt Instrument [Line Items]

Advanced-to-Date

$ 7,500

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

Debt Instrument [Line Items]

Contractual facility

$ 50,000

Number of loan tranches | loan

Advanced-to-Date

$ 8,000

Facility Limit

8,000

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

Debt Instrument [Line Items]

Contractual facility

$ 7,500

[1]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2018.

Debt (U.S. Corporate Office Term Loan) (Narrative) (Details) - USD ($) $ in Thousands			3 Months Ended	12 Months Ended
	Jun. 26, 2017	Dec. 13, 2016	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Contractual facility			$ 290,879	$ 252,929
U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument term		10 years
Contractual facility		$ 8,400	$ 9,437	$ 9,495
Interest rate	4.44%	4.64%
Debt increase	$ 1,500

Debt (Bank Of America Line Of Credit) (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Contractual facility	$ 290,879	$ 252,929
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

Debt (Cinemas 1, 2, 3 Term Loan And Line Of Credit) (Narrative) (Details) $ in Thousands		3 Months Ended	12 Months Ended
	Aug. 31, 2016 USD ($)	Mar. 31, 2019 USD ($) item	Dec. 31, 2018 USD ($)	Dec. 31, 2016 USD ($)
Debt Instrument [Line Items]
Contractual facility		$ 290,879	$ 252,929
US Cinema 1, 2, 3 Term Loan [Member]
Debt Instrument [Line Items]
Contractual facility	$ 15,000	$ 18,978	$ 19,086
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%

Debt (Westpac Bank Corporate Credit Facility (NZ)) (Narrative) (Details) $ in Thousands, $ in Millions				3 Months Ended	12 Months Ended
	Dec. 20, 2018 NZD ($)	Dec. 20, 2018 USD ($)	Dec. 19, 2018 NZD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Debt Instrument [Line Items]
Contractual facility				$ 290,879	$ 252,929
Westpac Bank Corporate Credit Facility, Tranch 1 [Member]
Debt Instrument [Line Items]
Contractual facility	$ 32.0		$ 35.0
Maturity date				Dec. 31, 2023
Interest rate	1.10%	1.10%
Westpac Bank Corporate Credit Facility, Tranch 1 [Member] \| Bank Bill Swap Bid Rate [Member]
Debt Instrument [Line Items]
Interest rate	1.75%	1.75%
Westpac Bank Corporate Credit Facility, Tranch 2 [Member]
Debt Instrument [Line Items]
Contractual facility		$ 18,000

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

Debt (Summary Of Notes Payable) (Details) - USD ($)

2 Months Ended

3 Months Ended

12 Months Ended

Mar. 05, 2019

Feb. 05, 2018

Dec. 29, 2016

Dec. 13, 2016

Aug. 31, 2016

Mar. 03, 2016

Apr. 30, 2018

Mar. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Debt Instrument [Line Items]

Contractual Facility

$ 290,879,000

$ 252,929,000

Balance Gross

183,768,000

167,043,000

Balance Net

180,009,000

^[1]

162,740,000

^[2]

Deferred financing costs, net

$ 3,800,000

$ 4,300,000

Trust Preferred Securities [Member]

Debt Instrument [Line Items]

Maturity date

Apr. 30, 2027

Contractual Facility

$ 27,913,000

Balance Gross

27,913,000.00

27,913,000

Balance Net

$ 26,116,000.00

^[1]

$ 26,061,000

^[2]

Stated Interest Rate

6.75%

6.52%

Effective interest rate

6.75%

^[3]

6.52%

^[4]

Bank Of America Credit Facility [Member]

Debt Instrument [Line Items]

Maturity date

May 01, 2020

Contractual Facility

$ 55,000,000

Balance Gross

30,000,000.00

25,000,000

Balance Net

$ 30,000,000.00

^[1]

$ 25,000,000

^[2]

Stated Interest Rate

5.02%

Effective interest rate

5.02%

^[3]

5.02%

^[4]

US Bank Of America Line Of Credit [Member]

Debt Instrument [Line Items]

Oct. 31, 2019

$ 5,000,000

3,500,000.00

^[1]

$ 3,500,000.00

Stated Interest Rate

5.52%

5.48%

Effective interest rate

5.52%

^[3]

5.48%

^[4]

US Banc Of America Digital Projector Loan [Member]

Debt Instrument [Line Items]

Maturity date

Dec. 28, 2019

Contractual Facility

$ 4,600,000

$ 4,900,000

$ 1,979,000

$ 2,604,000

Balance Gross

1,979,000.00

2,604,000

Balance Net

$ 1,979,000.00

^[1]

$ 2,604,000

^[2]

Stated Interest Rate

5.00%

Effective interest rate

5.00%

^[3]

5.00%

^[4]

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

Debt Instrument [Line Items]

Maturity date

Sep. 01, 2019

Contractual Facility

$ 15,000,000

$ 18,978,000

$ 19,086,000

Balance Gross

18,978,000.00

19,086,000

Balance Net

$ 18,768,000.00

^[1]

$ 18,838,000

^[2]

Stated Interest Rate

3.25%

Effective interest rate

3.25%

^[3]

3.25%

^[4]

Minetta And Orpheum Theatres Loan [Member]

Debt Instrument [Line Items]

Maturity date

Nov. 01, 2023

Contractual Facility

$ 8,000,000

$ 7,500,000

Balance Gross

8,000,000.00

8,000,000

Balance Net

$ 7,864,000.00

^[1]

$ 7,857,000

^[2]

Stated Interest Rate

4.54%

4.88%

Effective interest rate

4.54%

^[3]

4.88%

^[4]

U.S. Corporate Office Term Loan [Member]

Debt Instrument [Line Items]

Maturity date

Jan. 01, 2027

Contractual Facility

$ 8,400,000

$ 9,437,000

$ 9,495,000

Balance Gross

9,437,000.00

9,495,000

Balance Net

$ 9,319,000.00

^[1]

$ 9,373,000

^[2]

Effective interest rate

4.61%

^[3]

4.61%

^[4]

Union Square Construction Financing [Member]

Debt Instrument [Line Items]

Maturity date

Dec. 29, 2019

^[5]

Contractual Facility

$ 57,500,000

^[5]

Balance Gross

33,934,000.00

27,182,000

^[5]

Balance Net

$ 32,463,000.00

^[1]

$ 25,280,000

^[2],[5]

Effective interest rate

8.02%

^[3]

8.35%

^[4],[5]

NAB Corporate Loan Facility [Member]

Debt Instrument [Line Items]

Maturity date

Dec. 31, 2023

^[6]

Dec. 31, 2023

^[5]

Contractual Facility

$ 85,248,000

^[6]

$ 46,856,000

^[5]

Balance Gross

40,138,000.00

^[6]

37,696,000

^[5]

Balance Net

$ 40,111,000.00

^[1],[6]

$ 37,660,000

^[2],[5]

Stated Interest Rate

2.70%

^[6]

3.05%

^[5]

Effective interest rate

2.70%

^[3],[6]

3.05%

^[4],[5]

Westpac Bank Corporate Credit Facility [Member]

Debt Instrument [Line Items]

Maturity date

Dec. 31, 2023

^[6]

Dec. 31, 2023

^[5]

Contractual Facility

$ 21,824,000

^[6]

$ 21,475,000

^[5]

Balance Gross

9,889,000.00

^[6]

10,067,000

^[5]

Balance Net

$ 9,889,000.00

^[1],[6]

$ 10,067,000

^[2],[5]

Stated Interest Rate

3.80%

^[6]

3.80%

^[5]

Effective interest rate

3.80%

^[3],[6]

3.80%

^[4],[5]

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

Debt Instrument [Line Items]

Stated Interest Rate

4.44%

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

Debt Instrument [Line Items]

Stated Interest Rate

6.76%

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

Debt Instrument [Line Items]

Stated Interest Rate

4.64%

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

Debt Instrument [Line Items]

Stated Interest Rate

12.51%

[1]	Net of deferred financing costs amounting to $3.8 million.
[2]	Net of deferred financing costs amounting to $4.3 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 March 31, 2019.
[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, 2018.
[5]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2018.
[6]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of March 31, 2019.

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

Mar. 31, 2019

Dec. 31, 2018

Debt [Abstract]

Debt – current portion

$ 40,077

$ 30,393

Debt – long-term portion

113,816

106,286

Subordinated debt

26,116

26,061

Total borrowings

$ 180,009

^[1]

$ 162,740

^[2]

[1]	Net of deferred financing costs amounting to $3.8 million.
[2]	Net of deferred financing costs amounting to $4.3 million.

Debt (Schedule Of Construction Financing) (Details) - Union Square Construction Financing [Member] - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Mar. 31, 2019

Dec. 31, 2018

^[1]

Dec. 29, 2016

Debt Instrument [Line Items]

Maturity date

Dec. 29, 2019

Senior Loan [Member]

Debt Instrument [Line Items]

Advanced-to-Date

$ 7.5

Bank Of The Ozarks [Member]

Debt Instrument [Line Items]

Facility Limit

$ 8.0

Advanced-to-Date

$ 8.0

[1]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2018.

Other Liabilities (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended
Other Liabilities (Narrative) (Details) - USD ($)	Feb. 28, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Aug. 29, 2014
Other Liabilities [Line Items]
Accrued pension liability		$ 4,544,000		$ 4,670,000	$ 7,500,000
Service cost		0	$ 0
Interest cost		51,000	45,000
Actuarial loss (gain)		51,000	$ 52,000
Benefit obligation		$ 10,200,000
Discount rate		4.25%
Discount term		15 years
Monthly estate payment amount		$ 57,000
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		$ 5,200,000
Payment related to annuity	$ 2,400,000
Payment period		42 months
Supplemental Executive Retirement Plans [Member]
Other Liabilities [Line Items]
Accrued pension liability					$ 7,600,000

Other Liabilities (Summary Of Other Liabilities Including Pension) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Aug. 29, 2014
Other Liabilities [Abstract]
Lease liability	$ 5,900		$ 5,900
Liability for demolition costs	2,664		2,630
Accrued pension	684		684
Security deposit payable	88		84
Finance lease liability	162
Other	27		7
Other current liabilities	9,525		9,305
Straight-line rent			16,362
Lease make-good provision	5,722		5,614
Accrued pension	4,544		4,670	$ 7,500
Environmental reserve	1,656		1,656
Deferred revenue - real estate	9		32
Acquired leases	47		91
Finance lease liabilities	169
Other	199		506
Other liabilities	$ 12,346	$ 12,898	$ 28,931

Accumulated Other Comprehensive Income (Summary Of Accumulated Other Comprehensive Income) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ 6,115
Total change in hedge fair value recorded in Other Comprehensive Income	(81)
Amounts reclassified from accumulated other comprehensive income	12
Net change related to derivatives	(69)
Net current-period other comprehensive income (loss)	1,510
Balance	7,625
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	8,687
Net current-period other comprehensive income (loss)	1,526
Balance	10,213
Unrealized Gain (Losses) On Available-For-Sale Investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	3
Net current-period other comprehensive income (loss)	2
Balance	5
Accrued Pension Service Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(2,438)
Total change in hedge fair value recorded in Other Comprehensive Income
Amounts reclassified from accumulated other comprehensive income
Net change related to derivatives
Net current-period other comprehensive income (loss)	51
Balance	(2,387)
Hedge Accounting Reserve [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(137)
Total change in hedge fair value recorded in Other Comprehensive Income	(81)
Amounts reclassified from accumulated other comprehensive income	12
Net change related to derivatives	(69)
Net current-period other comprehensive income (loss)	(69)
Balance	$ (206)

Commitments And Contingencies (Narrative) (Details) - James J. Cotter, Jr., Derivative Litigation [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Commitments And Contingencies [Line Items]
Settlement awarded	$ 1,550,000
Legal fees	5,900,000
Litigation expense	387,000	$ 3,500,000
Coverage limit	$ 10,000,000

Non-controlling Interests (Narrative) (Details)	Mar. 31, 2019
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	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	$ 4,267	$ 4,337
Australian Country Cinemas Pty Ltd. [Member]
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	27	89
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	2,156	2,153
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Non-controlling interests in consolidated subsidiaries	$ 2,084	$ 2,095

Non-controlling Interests (Components Of Income Attributable To Non-controlling Interest) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Noncontrolling Interest [Line Items]
Net income attributable to noncontrolling interests in consolidated subsidiaries	$ (16)	$ 22
Australian Country Cinemas Pty Ltd. [Member]
Noncontrolling Interest [Line Items]
Net income attributable to noncontrolling interests in consolidated subsidiaries	9	41
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Net income attributable to noncontrolling interests in consolidated subsidiaries	(14)	(13)
Sutton Hill Properties, LLC [Member]
Noncontrolling Interest [Line Items]
Net income attributable to noncontrolling interests in consolidated subsidiaries	$ (11)	$ (6)

Noncontrolling Interests (Summary Of Changes In Controlling And Non-controlling Stockholders’ Equity) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Noncontrolling Interest [Line Items]
Balance	$ 180,547	$ 177,287
Net income (loss)	(2,097)	3,104
Distributions to noncontrolling stockholders	(27)	(43)
Accumulated other comprehensive income (loss)	(1)	3
Balance	179,946	179,835
Reading International Inc. Stockholders' Equity [Member]
Noncontrolling Interest [Line Items]
Balance	176,210	177,287
Net income (loss)	(2,081)	3,082
Increase in additional paid in capital	21	339
Treasury stock purchased	(9)	(317)
Contributions from noncontrolling stockholders
Distributions to noncontrolling stockholders
Accumulated other comprehensive income (loss)	1,510	(750)
Balance	175,679	179,835
Noncontrolling Stockholders' Equity [Member]
Noncontrolling Interest [Line Items]
Balance	4,337	4,331
Net income (loss)	(16)	22
Increase in additional paid in capital
Treasury stock purchased
Contributions from noncontrolling stockholders	18	27
Distributions to noncontrolling stockholders	(27)	(43)
Accumulated other comprehensive income (loss)	1	(3)
Balance	4,267	4,332
Total Stockholders' Equity [Member]
Noncontrolling Interest [Line Items]
Balance	180,547	181,618
Net income (loss)	(2,097)	3,104
Increase in additional paid in capital	21	339
Treasury stock purchased	(9)	(317)
Contributions from noncontrolling stockholders	18	27
Distributions to noncontrolling stockholders	(27)	(43)
Accumulated other comprehensive income (loss)	1,511	(753)
Balance	$ 179,946	$ 184,167
Accounting Standards Update 2014-09 [Member] \| Reading International Inc. Stockholders' Equity [Member]
Noncontrolling Interest [Line Items]
Adjustments to opening retained earnings on adoption of ASC				$ 194
Accounting Standards Update 2014-09 [Member] \| Noncontrolling Stockholders' Equity [Member]
Noncontrolling Interest [Line Items]
Adjustments to opening retained earnings on adoption of ASC				(2)
Accounting Standards Update 2014-09 [Member] \| Total Stockholders' Equity [Member]
Noncontrolling Interest [Line Items]
Adjustments to opening retained earnings on adoption of ASC				$ 192
Accounting Standards Update 2016-02 [Member] \| Reading International Inc. Stockholders' Equity [Member]
Noncontrolling Interest [Line Items]
Adjustments to opening retained earnings on adoption of ASC			$ 28
Accounting Standards Update 2016-02 [Member] \| Noncontrolling Stockholders' Equity [Member]
Noncontrolling Interest [Line Items]
Adjustments to opening retained earnings on adoption of ASC			(46)
Accounting Standards Update 2016-02 [Member] \| Total Stockholders' Equity [Member]
Noncontrolling Interest [Line Items]
Adjustments to opening retained earnings on adoption of ASC			$ (18)

Stock-Based Compensation And Stock Repurchases (Narrative) (Details) - USD ($)			3 Months Ended		12 Months Ended
	May 07, 2019	Nov. 07, 2017	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Sep. 30, 2017	Mar. 02, 2017	Dec. 31, 2016
Equity And Stock-Based Compensation [Line Items]
Repurchase program, amount authorized			$ 16,200,000
Shares granted			219,408
Stock Option [Member]
Equity And Stock-Based Compensation [Line Items]
Grant date fair value of options vesting			$ 70,000	$ 85,000
Unrecognized estimated compensation cost related to non-vested stock options granted			$ 1,500,000
Recognition period of unrecognized compensation cost			2 years 1 month 10 days
Percentage of option currently exercisable			91.00%
Intrinsic unrealized value of all options outstanding, vested and expected to vest			$ 2,000,000
Restricted Stock Units (RSUs) [Member]
Equity And Stock-Based Compensation [Line Items]
Compensation expense			209,000	$ 294,000
Unrecognized estimated compensation cost related to non-vested stock options granted			$ 1,900,000
Vesting period of stock options and RSU			1 year 1 month 6 days
Restricted Stock Units (RSUs) [Member] \| Directors [Member]
Equity And Stock-Based Compensation [Line Items]
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
$25 Million Stock Repurchase Program [Member]
Equity And Stock-Based Compensation [Line Items]
Share price			$ 16.20
Shares repurchased plan, shares			566
Class A Nonvoting Common Stock [Member]
Equity And Stock-Based Compensation [Line Items]
Common Stock authorized for issuance under 2010 Stock Incentive Plan			2,197,460
Class A [Member]
Equity And Stock-Based Compensation [Line Items]
Shares granted			219,408		126,840
Class A [Member] \| 2017 Stock Repurchase Plan [Member]
Equity And Stock-Based Compensation [Line Items]
Repurchase program, amount authorized			$ 16,200,000
Class A [Member] \| $25 Million Stock Repurchase Program [Member]
Equity And Stock-Based Compensation [Line Items]
Repurchase value			$ 8,800,000
Repurchase program, amount authorized							$ 25,000,000
Share price			$ 15.81
Shares repurchased plan, shares			559,627
Minimum [Member]
Equity And Stock-Based Compensation [Line Items]
Vesting period of stock options and RSU			0 years
Maximum [Member]
Equity And Stock-Based Compensation [Line Items]
Vesting period of stock options and RSU			4 years
2010 Stock Incentive Plan [Member]
Equity And Stock-Based Compensation [Line Items]
Additional shares authorized		947,460
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			789,869
Repurchase program, shares available						302,540
Subsequent Event [Member] \| Restricted Stock Units (RSUs) [Member]
Equity And Stock-Based Compensation [Line Items]
Compensation expense	$ 35,000

Stock-Based Compensation And Stock Repurchases (Schedule Of Fair Value Of Options, Weighted Average Assumptions) (Details) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Stock-Based Compensation And Stock Repurchases [Abstract]
Stock option exercise price	$ 16.12
Risk-free interest rate	2.42%	0.00%
Expected option life in years	3 years 9 months
Expected volatility	23.32%	0.00%
Weighted average fair value	$ 3.50

Stock-Based Compensation And Stock Repurchases (Schedule Of Stock Options Outstanding And Exercisable) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Equity And Stock-Based Compensation [Line Items]
Number of Stock Options, Granted	219,408
Weighted Average Exercise Price of Options Outstanding, Granted	$ 16.12
Class A [Member]
Equity And Stock-Based Compensation [Line Items]
Number of Stock Options, Beginning balance	586,469	524,589
Number of Stock Options, Granted	219,408	126,840
Number of Stock Options, Exercised	(67,500)	(60,000)
Number of Stock Options, Forfeited	(25,000)	(4,960)
Number of Stock Options Outstanding, Ending balance	713,377	586,469	524,589
Weighted Average Exercise Price of Options Outstanding, Beginning price	$ 14.01	$ 12.50
Weighted Average Exercise Price of Options Outstanding, Granted	16.12	16.40
Weighted Average Exercise Price of Options Outstanding, Exercised	13.42	6.02
Weighted Average Exercise Price of Options Outstanding, Forfeited	13.42	12.08
Weighted Average Exercise Price of Options Outstanding, Ending price	$ 14.74	$ 14.01	$ 12.50
Weighted Average Remaining Years of Contractual Life	3 years 6 months 11 days	2 years 10 months 17 days	3 years 1 month 24 days
Aggregate Intrinsic Value, Beginning balance	$ 1,530,528	$ 3,054,325
Aggregate Intrinsic Value, Exercised	185,175	610,249
Aggregate Intrinsic Value, Ending balance	$ 1,993,628	$ 1,530,528	$ 3,054,325

Stock-Based Compensation And Stock Repurchases (Schedule Of Restricted Stock Units Issued And Vested) (Details) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2019 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	283,984
Number of options, Vested	138,509
Number of options, Unvested	144,026
Number of options, Forfeited	1,449
March 10, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	62,528
Number of options, Vested	55,684
Number of options, Unvested	6,844
April 11, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	5,625
Number of options, Vested	2,815
Number of options, Unvested	2,293
Number of options, Forfeited	517
March 23, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	63,144
Number of options, Vested	46,919
Number of options, Unvested	16,225
August 29, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	7,394
Number of options, Vested	3,698
Number of options, Unvested	3,696
January 2, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	29,393
Number of options, Vested	29,393
April 12, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	29,596
Number of options, Unvested	29,596
April 13, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	14,669
Number of options, Unvested	14,669
July 6, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	932
Number of options, Forfeited	932
November 7, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	23,010
Number of options, Unvested	23,010
March 13, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	24,366
Number of options, Unvested	24,366
March 14, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	23,327
Number of options, Unvested	23,327
Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	118,231
Directors [Member] \| March 10, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	35,147
Directors [Member] \| March 23, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	30,681
Directors [Member] \| January 2, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	29,393
Directors [Member] \| November 7, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	23,010
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	165,753
Management [Member] \| March 10, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	27,381
Management [Member] \| April 11, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	5,625
Management [Member] \| March 23, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	32,463
Management [Member] \| August 29, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	7,394
Management [Member] \| April 12, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	29,596
Management [Member] \| April 13, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	14,669
Management [Member] \| July 6, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	932
Management [Member] \| March 13, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	24,366
Management [Member] \| March 14, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	23,327

Leases (Narrative) (Details) $ in Millions	3 Months Ended
Leases (Narrative) (Details) $ in Millions	Mar. 31, 2019 USD ($)
Operating Leased Assets [Line Items]
Operating leases not yet commenced	$ 26.0
Minimum [Member]
Operating Leased Assets [Line Items]
Lease term	1 year
Maximum [Member]
Operating Leased Assets [Line Items]
Lease term	20 years
Renewal term	20 years
Real Estate [Member] \| Minimum [Member]
Operating Leased Assets [Line Items]
Lease term of contract	1 year
Cinema [Member] \| Minimum [Member]
Operating Leased Assets [Line Items]
Lease term	15 years
Cinema [Member] \| Maximum [Member]
Operating Leased Assets [Line Items]
Lease term	20 years
Lease term of contract	20 years

Leases (Components Of Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Leases [Abstract]
Amortization of right-of-use assets	$ 41
Interest on lease liabilities	3
Operating lease cost	7,921
Variable lease cost	105
Total lease cost	$ 8,070

Leases (Supplemental Cash Flow Information Related To Leases) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Leases [Abstract]
Operating cash flows from finance leases	$ 44
Operating cash flows from operating leases	7,780
Right-of-use assets obtained in exchange for new finance lease liabilities
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 2,181

Leases (Supplemental Balance Sheet Information Related To Leases) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 229,266	$ 232,319
Operating lease liabilities - current portion	19,797	$ 245,280
Operating lease liabilities - non-current portion	222,594
Total operating lease liabilities	242,391
Property plant and equipment, gross	372
Accumulated depreciation	(41)
Property plant and equipment, net	331
Other current liabilities	162
Other long-term liabilities	169
Total finance lease liabilities	$ 331
Weighted-average remaining lease term - finance leases	3 years
Weighted-average remaining lease term - operating leases	11 years
Weighted-average remaining lease term - finance leases	5.05%
Weighted-average discount rate - operating leases	4.97%

Leases (Maturity Of Leases As Lessee) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Operating leases, 2019	$ 23,566
Operating leases, 2020	31,434
Operating leases, 2021	31,717
Operating leases, 2022	31,901
Operating leases, 2023	31,018
Operating leases, Thereafter	169,221
Operating leases, Total lease payments	318,857
Operating lease, Less imputed interest	(76,466)
Total operating lease liabilities	242,391
Finance leases, 2019	133
Finance leases, 2020	101
Finance leases, 2021	53
Finance leases, 2022	43
Finance leases, 2023	28
Finance leases, Total lease payments	358
Finance lease, Less imputed interest	(27)
Total finance lease liabilities	$ 331

Leases (Components Of Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Leases [Abstract]
Lease payments	$ 2,229	$ 2,423
Variable lease payments	265	80
Total lease income	$ 2,494	$ 2,503

Leases (Book Value Of Assets Under Operating Leases From Owned Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Property Subject to or Available for Operating Lease [Line Items]
Net Book Value	$ 50,108	$ 50,178
Building And Improvements [Member]
Property Subject to or Available for Operating Lease [Line Items]
Gross balance	68,483	67,887
Accumulated depreciation	$ (18,375)	$ (17,709)

Leases (Maturity Of Leases As Lessor) (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Leases [Abstract]
2019	$ 6,470
2020	7,439
2021	6,830
2022	5,961
2023	5,187
Thereafter	10,295
Total lease payments	$ 42,182

Hedge Accounting (Narrative) (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount	$ 8,000,000
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative asset	$ 0

Hedge Accounting (Schedule Of Derivative Instruments On The Balance Sheet At Fair Value) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Derivative financial instruments - current portion	$ 52	$ 41
Derivative financial instruments - non-current portion	203	145
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Total derivatives designated as heding instruments	255	186
Total derivatives	255	186
Designated as Hedging Instrument [Member] \| Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments - non-current portion	203	145
Interest Rate Contract [Member] \| Designated as Hedging Instrument [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments - current portion	$ 52	$ 41

Hedge Accounting (Schedule Of Changes in Fair value) (Details) - Designated as Hedging Instrument [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ 12
Interest Expense [Member] \| Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ 12

Hedge Accounting (Summary Of Hedged Transactions That Affect Earnings) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Loss Recognized in OCI on Derivatives (Effective Portion)	$ (81)
Loss Reclassified from OCI into Income (Effective Portion)	12
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss Recognized in OCI on Derivatives (Effective Portion)	81
Loss Reclassified from OCI into Income (Effective Portion)	12
Designated as Hedging Instrument [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss Reclassified from OCI into Income (Effective Portion)	12
Designated as Hedging Instrument [Member] \| Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss Recognized in OCI on Derivatives (Effective Portion)	$ 81

Fair Value Measurements (Narrative) (Details) - USD ($)	3 Months Ended
Fair Value Measurements (Narrative) (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Fair Value Measurements [Abstract]
Transfers of assets and liabilities between level 1, 2, 3	$ 0	$ 0

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

Mar. 31, 2019

Dec. 31, 2018

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

Notes payable

$ 159,871

$ 143,564

Subordinated debt

19,162

18,895

Financial liabilities total

179,033

162,459