0000716634-20-000034 | 10-Q | XBRL Viewer | Reading International INC

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Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2020	Aug. 07, 2020
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	1-8625
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	READING INTERNATIONAL, INC.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	95-3885184
Entity Address, Address Line One	5995 Sepulveda Boulevard
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Culver City
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90230
City Area Code	213
Local Phone Number	235-2240
Entity Central Index Key	0000716634
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Class A [Member]
Title of 12(b) Security	Class A Nonvoting Common Stock, $0.01 par value
Trading Symbol	RDI
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		20,067,635
Class B [Member]
Title of 12(b) Security	Class B Voting Common Stock, $0.01 par value
Trading Symbol	RDIB
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		1,680,590

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 40,364	$ 12,135
Receivables	3,255	7,085
Inventory	1,204	1,674
Prepaid and other current assets	12,630	6,105
Total current assets	57,453	26,999
Operating property, net	247,330	258,138
Operating lease right-of-use assets	217,692	229,879
Investment and development property, net	119,667	114,024
Investment in unconsolidated joint ventures	4,556	5,069
Goodwill	26,008	26,448
Intangible assets, net	4,549	4,320
Deferred tax asset, net	3,386	3,444
Other assets	7,109	6,668
Total assets	687,750	674,989
Current Liabilities:
Accounts payable and accrued liabilities	28,179	29,436
Film rent payable	1,551	8,716
Debt – current portion	40,331	36,736
Subordinated debt - current portion	644	644
Derivative financial instruments - current portion	218	109
Taxes payable - current	1,855	140
Deferred current revenue	9,128	11,324
Operating lease liabilities - current portion	21,091	20,379
Other current liabilities	9,400	3,653
Total current liabilities	112,397	111,137
Debt – long-term portion	203,650	140,602
Derivative financial instruments - non-current portion	329	233
Subordinated debt, net	28,796	29,030
Noncurrent tax liabilities	12,697	12,353
Operating lease liabilities - non-current portion	210,560	223,164
Other liabilities	13,735	18,854
Total liabilities	582,164	535,373
Commitments and contingencies (Note 14)
Stockholders' equity:
Nonvoting preferred stock, par value $0.01, 12,000 shares authorized and no issued or outstanding shares at June 30, 2020 and December 31, 2019
Additional paid-in capital	149,266	148,602
Retained earnings/(deficits)	(7,930)	20,647
Treasury shares	(40,407)	(39,737)
Accumulated other comprehensive income	417	5,589
Total Reading International, Inc. stockholders' equity	101,594	135,349
Noncontrolling interests	3,992	4,267
Total stockholders' equity	105,586	139,616
Total liabilities and stockholders’ equity	687,750	674,989
Class A [Member]
Stockholders' equity:
Common stock	231	231
Class B [Member]
Stockholders' equity:
Common stock	$ 17	$ 17

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
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	33,003,745	32,963,489
Common stock, shares outstanding	20,067,635	20,102,535
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		6 Months Ended
Consolidated Statements Of Income - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue
Total revenue	$ 3,422	$ 76,009	$ 52,650	$ 137,501
Costs and expenses
Depreciation and amortization	(5,266)	(5,572)	(10,537)	(11,166)
General and administrative	(5,102)	(6,034)	(11,047)	(12,518)
Total costs and expenses	(25,617)	(70,279)	(81,885)	(133,131)
Operating income (loss)	(22,195)	5,730	(29,235)	4,370
Interest expense, net	(2,004)	(2,204)	(3,797)	(4,054)
Other income (expense)	19	71	(196)	50
Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures	(24,180)	3,597	(33,228)	366
Equity earnings of unconsolidated joint ventures	(274)	327	(195)	361
Income (loss) before income taxes	(24,454)	3,924	(33,423)	727
Income tax benefit (expense)	1,567	(1,630)	4,580	(573)
Net income (loss)	(22,887)	2,294	(28,843)	154
Less: net income (loss) attributable to noncontrolling interests	(185)	(37)	(266)	(53)
Net income (loss) attributable to Reading International, Inc. common shareholders	$ (22,702)	$ 2,331	$ (28,577)	$ 207
Basic earnings (loss) per share attributable to Reading International, Inc. shareholders	$ (1.04)	$ 0.10	$ (1.31)	$ 0.01
Diluted earnings (loss) per share attributable to Reading International, Inc. shareholders	$ (1.04)	$ 0.10	$ (1.31)	$ 0.01
Weighted average number of shares outstanding-basic	21,742,667	22,894,083	21,749,356	22,901,764
Weighted average number of shares outstanding-diluted	22,095,136	23,059,733	22,102,215	23,074,673
Cinema [Member]
Revenue
Total revenue	$ 1,217	$ 72,296	$ 47,527	$ 130,223
Costs and expenses
Total costs and expenses	(13,660)	(56,235)	(55,952)	(104,564)
Real Estate [Member]
Revenue
Total revenue	2,205	3,713	5,123	7,278
Costs and expenses
Total costs and expenses	$ (1,589)	$ (2,438)	$ (4,349)	$ (4,883)

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Consolidated Statements Of Comprehensive Income [Abstract]
Net income (loss)	$ (22,887)	$ 2,294	$ (28,843)	$ 154
Foreign currency translation gain (loss)	10,655	(2,279)	(5,051)	(753)
Gain (loss) on cash flow hedges	10	(122)	(205)	(191)
Others	51	55	84	108
Comprehensive income (loss)	(12,171)	(52)	(34,015)	(682)
Less: net income (loss) attributable to noncontrolling interests	(185)	(37)	(266)	(53)
Less: comprehensive income (loss) attributable to noncontrolling interests	(9)	(1)	(9)
Comprehensive income (loss) attributable to Reading International, Inc.	$ (11,977)	$ (14)	$ (33,740)	$ (629)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

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

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+ Details

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating Activities
Net income (loss)	$ (28,843)	$ 154
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity earnings of unconsolidated joint ventures	195	(361)
Distributions of earnings from unconsolidated joint ventures	229	537
Amortization of operating leases	10,244	10,823
Amortization of finance leases	64	82
Change in operating lease liabilities	(9,894)	(10,381)
Interest on hedged derivatives		(1)
Change in net deferred tax assets		(69)
Depreciation and amortization	10,537	11,166
Other amortization	401	717
Stock based compensation expense	704	680
Net changes in operating assets and liabilities:
Receivables	3,724	(1,325)
Prepaid and other assets	(5,773)	(2,477)
Payments for accrued pension	(342)	(342)
Accounts payable and accrued expenses	1,300	(3,282)
Film rent payable	(6,953)	(415)
Taxes payable	1,707	(1,183)
Deferred revenue and other liabilities	(426)	(1,265)
Net cash provided by (used in) operating activities	(23,126)	3,058
Investing Activities
Insurance recoveries relating to property damage and demolition costs		169
Purchases of and additions to operating and investment properties	(13,948)	(23,227)
Acquisition of business combinations		(1,380)
Change in restricted cash		473
Contributions to unconsolidated joint ventures	(63)
Net cash provided by (used in) investing activities	(14,011)	(23,965)
Financing Activities
Repayment of long-term borrowings	(22,311)	(14,945)
Repayment of finance lease principal	(62)	(80)
Proceeds from borrowings	87,206	34,703
Capitalized borrowing costs	(649)	(257)
Repurchase of Class A Nonvoting Common Stock	(989)	(2,631)
(Cash paid) proceeds from the settlement of employee share transactions	(40)	(290)
Noncontrolling interest contributions		27
Noncontrolling interest distributions		(42)
Net cash provided by (used in) financing activities	63,155	16,485
Effect of exchange rate changes on cash and cash equivalents	2,211	(189)
Net increase (decrease) in cash and cash equivalents	28,229	(4,611)
Cash and cash equivalents at January 1	12,135	13,127
Cash and cash equivalents at June 30	40,364	8,516
Supplemental Disclosures
Interest paid	4,837	4,974
Income taxes paid	439	3,783
Non-Cash Transactions
Additions to operating and investing properties through accrued expenses	$ 2,760	$ 4,482

Description Of Business And Segment Reporting

6 Months Ended

Jun. 30, 2020

Description Of Business And Segment Reporting [Abstract]

Description Of Business And Segment Reporting

Note 1 – Description of Business and Segment Reporting

The Company

Reading International, Inc., a Nevada corporation (“RDI” and collectively with our consolidated subsidiaries and corporate predecessors, the “Company,” “Reading,” and “we,” “us,” or “our”) was incorporated in 1999. Our businesses consist primarily of:

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

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

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 the United States, Australia, and New Zealand.

The table below summarizes the results of operations for each of our business segments for the quarter and six months ended June 30, 2020 and 2019, respectively. Operating expense includes costs associated with the day-to-day operations of the cinemas and the management of rental properties, including our live theatre assets.



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Revenue:
Cinema exhibition	$	1,217	$	72,296	$	47,527	$	130,223
Real estate		2,303		5,564		6,905		10,994
Inter-segment elimination		(98)		(1,851)		(1,782)		(3,716)
	$	3,422	$	76,009	$	52,650	$	137,501
Segment operating income (loss):
Cinema exhibition	$	(17,254)	$	9,182	$	(19,908)	$	11,767
Real estate		(807)		1,345		(620)		2,502
	$	(18,061)	$	10,527	$	(20,528)	$	14,269

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



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Segment operating income (loss)	$	(18,061)	$	10,527	$	(20,528)	$	14,269
Unallocated corporate expense
Depreciation and amortization expense		(227)		(127)		(419)		(188)
General and administrative expense		(3,907)		(4,670)		(8,288)		(9,710)
Interest expense, net		(2,004)		(2,204)		(3,797)		(4,055)
Equity earnings of unconsolidated joint ventures		(274)		327		(195)		361
Other income (expense)		19		71		(196)		50
Income (loss) before income tax expense	$	(24,454)	$	3,924	$	(33,423)	$	727

Summary Of Significant Accounting Policies

6 Months Ended

Jun. 30, 2020

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, 2019 (“2019 Form 10-K”). All significant intercompany balances and transactions have been eliminated on consolidation. These consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim reporting with the instructions for Form 10-Q and Rule 10-01 of Regulation S-X of the Securities and Exchange Commission (“SEC”). As such, they do not include all information and footnotes required by U.S. GAAP for complete financial statements. We believe that we have included all normal and recurring adjustments necessary for a fair presentation of the results for the interim period.

Operating results for the quarter and six months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020.

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, (v) allocation of insurance proceeds to various recoverable components, and (vi) estimation of our Incremental Borrowing Rate (“IBR”) as relates to the valuation of our right-of-use assets and lease liabilities. Actual results may differ from those estimates.

Recently Adopted and Issued Accounting Pronouncements

Adopted:

1)On April 8, 2020, the FASB released FASB Staff Q&A Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic. This provides optional relief when accounting for modifications to leases obtained as a result of COVID-19 which otherwise would have required full modification assessment under ASC 842. Where we have obtained rent concessions from our landlords, or provided concessions to our tenants, we have elected not to perform the standard Topic 842 modification evaluation where the concession does not result in the total consideration required by the contract being substantially less than the total consideration originally required by the contract. Under the guidance, where we have received or provided deferrals of rent, we have recorded the deferrals as receivables or payables, and where we have received or provided abatements, we have recorded these as variable rents in the consolidated statements of income.

2)On January 1, 2020, we adopted ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This new guidance removes the second step of the two-step impairment test for measuring goodwill and is to be applied on a prospective basis only. Adoption of this standard has no material effect on our consolidated financial statements.

3)On January 1, 2020, we adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). This new guidance replaces the incurred loss impairment methodology under prior GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. We have no history of significant bad debt losses and as such adoption of this standard has no material effect on our consolidated financial statements.

4)On January 1, 2019, we adopted ASU 2016-02 Leases (Topic 842) using the current adjustment 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 was not restated. Adoption of this standard has no material effect on our consolidated financial statements.

Issued:

ASUs Effective 2020 and Beyond

1)In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments in this update provide optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships and other transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. ASC 2020-04 is effective as of March 12, 2020 through December 31, 2022. The Company is currently evaluating the effect the new standard will have on its consolidated financial statements.

Prior period financial statement correction of immaterial errors

Sales Tax

During the fourth quarter of 2019, we identified immaterial errors related to the accounting for sales tax on certain products sold from cinemas dating back to 2017. These errors resulted in an overstatement of revenue for certain periods.

We assessed the materiality of these errors on our financial statements for prior periods in accordance with the SEC Staff Accounting Bulletin (“SAB”) No. 99, Materiality, codified in 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 $993,000 related to the prior period immaterial

errors through September 30, 2019, would have been material to the full year Consolidated Statement of Operations to December 31, 2019, presented within the December 31, 2019, Form 10-K. Consequently, in accordance with ASC 250 (specifically SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements), we have corrected these errors for all prior periods presented by revising the consolidated financial statements and other financial information included herein.

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

Consolidated Statements of Operations:


	Quarter Ended June 30, 2019						Six Months Ended June 30, 2019
(Dollars in thousands)	As Reported		Adjustment		As Revised		As Reported		Adjustment		As Revised
Cinema revenue	$	72,383		(87)		72,296	$	130,368		(145)		130,223
Total revenue		76,096		(87)		76,009		137,646		(145)		137,501
Operating income (loss)		5,817		(87)		5,730		4,515		(145)		4,370
Income (loss) before income taxes		4,011		(87)		3,924		872		(145)		727
Income tax (expense) benefit		(1,654)		24		(1,630)		(612)		39		(573)
Net income (loss)		2,357		(63)		2,294		260		(106)		154
Net income (loss) attributable to Reading International, Inc. common shareholders		2,394		(63)		2,331		313		(106)		207

Basic earnings (loss) per share	$	0.10		(0.00)		0.10	$	0.01		(0.00)		0.01
Diluted earnings (loss) per share		0.10		(0.00)		0.10		0.01		(0.00)		0.01

Consolidated Balance Sheets:


	Summary of Equity
(Dollars in thousands)	As Reported		Adjustment		As Revised
Equity at January 1, 2019	$	180,547	$	(568)	$	179,979
Net income (loss) attributable to Reading International, Inc. common shareholders		260		(106)		154
Equity at June 30, 2019		177,697		(674)		177,023

Consolidated Statements of Cash Flows:


	Six Months Ended June 30, 2019
(Dollars in thousands)	As Reported		Adjustment		As Revised
Net income (loss)	$	260	$	(106)	$	154
Change in net deferred tax assets		(30)		(39)		(69)
Accounts payable and accrued expenses		(3,427)		145		(3,282)
Net cash provided by operating activities		3,058		—		3,058

Impact Of COVID-19 Pandemic And Liquidity

6 Months Ended

Jun. 30, 2020

Impact Of COVID-19 Pandemic And Liquidity [Abstract]

Impact Of COVID-19 Pandemic And Liquidity

Note 3 – Impact of COVID-19 Pandemic and Liquidity

On March 11, 2020, the World Health Organization (“WHO”) declared the novel coronavirus, COVID-19, a global pandemic. Following the date of this declaration, a number of jurisdictions imposed various restrictions on “non-essential” activities. In the jurisdictions in which we operate, these restrictions typically included closure of all business deemed “non-essential” (including movie-theaters and most other indoor forms of entertainment), and that all “non-essential” workers, and all members of the public, remain in their homes. As a result, beginning in March 2020 and continuing through and beyond the end of the first quarter of 2020, we temporarily closed all of our live theatres and cinema operations in the U.S., Australia and New Zealand. Operating restrictions adopted in Australia and New Zealand also affected, and to varying degrees continue to affect, many of our tenants at our retail shopping centers. While most of these tenants have, to date, remained open for trading, we have in many cases agreed to rent abatements or deferrals.

In second quarter of 2020, several jurisdictions began relaxing COVID-19 restrictions, but principally due to pressure on their economies, rather than material containment of COVID-19. Conversely, certain jurisdictions are to varying degrees reinstating their lockdowns due to the resurgence of COVID-19, while others are continuing to remove or lessen restrictions. The current uncertainty resulting from these differing approaches, and the local and global affects that these may have, is expected to continue until the COVID-19 spread is considered materially contained. There is no reliable estimate as to when this will be.

Cinema Segment Impact

As of June 3, 2020, we had re-opened all of the cinemas in our New Zealand circuit except for our Reading Cinemas at Courtenay Central (which continues to be closed due to seismic concerns), with social distancing measures in place. These government imposed social distancing requirements were discontinued in New Zealand on June 8, 2020. Throughout June and July, 2020, we re-opened all of our Australia circuit with social distancing measures in place, but as the state of Victoria went from partial lockdown to full lockdown on August 5, 2020, all of our seven cinemas in that state were required to close. This lockdown is currently scheduled to end on September 15, 2020, but no assurances can be given regarding this timing and no precise date for cinema re-opening can be determined with respect to this state. Our U.S. cinema circuits have not re-opened since the beginning of their temporary closures, and while we have taken steps to prepare for re-opening, the date of any re-opening has not yet been finally determined.

Our decisions to re-open, and whether to remain open, will be impacted by a variety of considerations including movie availability, customer demand, and safety considerations relative to our staff and customers, as well as by applicable governmental mandates.

Real Estate Segment Impact

Substantially all of our tenants in our Australian real estate business are currently open for trading. We have, to varying degrees, supported certain tenants with rent abatements and deferrals, and may continue to do so until we believe that such tenants are in the position to fully perform their obligations despite COVID-19 impacts.

Liquidity Impact

The repercussions of COVID-19 resulted in a significant decrease in the Company’s revenues and earnings in the first six months of 2020. The closure of our cinemas resulted in effectively no revenue in the second quarter of 2020, and during the period in which our cinemas are closed, we will continue to experience significantly lower revenues and earnings. Our cinema operations will continue to generate effectively no revenue while they are closed to the public, and their revenue generating capabilities when open are dependent upon a number of factors including the timing and quality of new film product, governmental mandates regarding social distancing, customer density and hours of operation, and customer behavior and willingness to spend discretionary income on movie-going. With regards to our real estate operations, while all of our Australian real estate tenants are currently trading (other than certain tenants who have closed for reasons unrelated to COVID-19), our real estate revenue and earnings may continue to be affected by any support that we may deem necessary to provide to certain tenants through incremental rent relief measures.

As a direct result of the impacts of COVID-19, we have renegotiated certain financial covenant modifications with the applicable lenders. These modifications permit us to classify the relevant debt instruments as long term and are further discussed below in Note 11 – Debt.

As of June 30, 2020, the Company had negative working capital of $54.9 million. In response to the uncertainties associated with COVID-19, the Company has taken and is continuing to take significant steps to preserve cash by eliminating non-essential costs, reducing employee hours and deferring all non-essential capital expenditures to minimum levels. The Company has successfully negotiated rent abatements and deferrals with substantially all of its landlords and continues to pursue additional concessions. The Company has also successfully secured access to government wage subsidy programs in Australia and New Zealand, programs which currently expire on September 25, 2020 and August 20, 2020, respectively. The Company continues to review various programs offered by governmental agencies in the jurisdictions where it operates as those programs are further defined or revised, but there can be no guarantee that the Company will qualify for any such programs or, even if it does qualify, the degree that it may be successful in its applications for such support. As of June 30, 2020, management had drawn down in full the operating debt facilities available to the Company and is currently reviewing the potential sale of certain non-core real estate assets or the use of our unencumbered properties to provide collateral to support current or new financings in order to meet future liquidity demands.

Impairment Considerations

The Company considers that the events and factors described above constitute impairment indicators under ASC 360 Property, Plant and Equipment. The Company performed a quantitative recoverability test of the carrying values of all of its asset groups. The Company estimated the undiscounted future cash flows expected to result from the use of these asset groups and determined that there was no impairment as of June 30, 2020. The cash flow estimates used in this review are consistent with budgetary revisions performed by management in response to COVID-19. The realization of these forecasts is dependent on a number of variables and conditions, many of which are due to the uncertainties associated with COVID-19 and as a result, actual results may materially differ from management’s estimates.

The Company considers that the events and factors described above constitute impairment indicators under ASC 350 Intangibles – Goodwill and Other. The Company performed a quantitative goodwill impairment test and determined that its goodwill was not impaired as of June 30, 2020. The test was performed at reporting unit level by comparing each reporting unit’s carrying value, including goodwill, to its fair value. The fair value of each reporting unit was assessed using a discounted cash flow model based on the budgetary revisions performed by management in response to COVID-19. The realization of these forecasts is dependent on a number of variables and conditions, many of which are due to the uncertainties associated with COVID-19 and as a result, actual results may materially differ from management’s estimates.

Operations In Foreign Currency

6 Months Ended

Jun. 30, 2020

Operations In Foreign Currency [Abstract]

Operations In Foreign Currency

Note 4 – Operations in Foreign Currency

We have significant assets in Australia and New Zealand. Historically, we have conducted our Australian and New Zealand operations (collectively “foreign operations”) on a self-funding basis, where we use cash flows generated by our foreign operations to pay for the expense of those 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 June 30, 2020. 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 ‎six months ended	As of and ‎for the ‎twelve months ‎ended	As of and ‎for the ‎quarter ‎ended	As of and ‎for the ‎six months ended
	June 30, 2020		December 31, 2019	June 30, 2019
Spot Rate
Australian Dollar	0.6893		0.7030	0.7009
New Zealand Dollar	0.6446		0.6745	0.6711
Average Rate
Australian Dollar	0.6576	0.6577	0.6954	0.7001	0.7062
New Zealand Dollar	0.6183	0.6266	0.6593	0.6626	0.6721

Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Note 5 – Earnings Per Share

Basic earnings per share (“EPS”) is calculated by dividing the net income attributable to 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:



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands, except share data)	2020		2019		2020		2019
Numerator:
Net income (loss) attributable to RDI common stockholders	$	(22,702)	$	2,331	$	(28,577)	$	207
Denominator:
Weighted average number of common stock – basic		21,742,667		22,894,083		21,749,356		22,901,764
Weighted average dilutive impact of awards		352,469		165,650		352,859		172,909
Weighted average number of common stock – diluted		22,095,136		23,059,733		22,102,215		23,074,673
Basic earnings (loss) per share attributable to RDI common stockholders	$	(1.04)	$	0.10	$	(1.31)	$	0.01
Diluted earnings (loss) per share attributable to RDI common stockholders	$	(1.04)	$	0.10	$	(1.31)	$	0.01
Awards excluded from diluted earnings (loss) per share		678,377		516,010		703,377		516,010

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 vesting of restricted stock units. During the first six months of 2020, we repurchased 75,157 shares of Class A Non-Voting Common Stock at an average price of $8.92 per share. All purchases occurred in the first quarter of 2020.

Property And Equipment

6 Months Ended

Jun. 30, 2020

Property And Equipment [Abstract]

Property And Equipment

Note 6 – Property and Equipment

Operating Property, net

As of June 30, 2020, and December 31, 2019, property associated with our operating activities is summarized as follows:



	June 30,		December 31,
(Dollars in thousands)	2020		2019
Land	$	72,791	$	75,663
Building and improvements		145,769		149,852
Leasehold improvements		57,110		56,912
Fixtures and equipment		184,814		186,949
Construction-in-progress		10,689		5,484
Total cost		471,173		474,860
Less: accumulated depreciation		(223,843)		(216,722)
Operating property, net	$	247,330	$	258,138

Depreciation expense for operating property was $5.0 million and $10.2 million for the quarter and six months ended June 30, 2020 respectively and $5.4 million and $10.8 million for the quarter and six months ended June 30, 2019.

Investment and Development Property, net

As of June 30, 2020, and December 31, 2019, our investment and development property is summarized below:



	June 30,		December 31,
(Dollars in thousands)	2020		2019
Land	$	25,628	$	24,446
Building		1,900		1,900
Construction-in-progress (including capitalized interest)		92,139		87,678
Investment and development property	$	119,667	$	114,024

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 six months ended June 30, 2020 are shown below:



(Dollars in thousands)	Balance, December 31, 2019		Additions during the period⁽¹⁾		Completed ‎during the ‎period		Foreign ‎currency ‎translation		Balance, June 30, 2020
Union Square development	$	81,934	$	4,468	$	—	$	—	$	86,402
Courtenay Central development		6,364		419		—		(272)		6,511
Cinema developments and improvements		3,032		5,646		(1,071)		46		7,653
Other real estate projects		1,832		1,001		(537)		(34)		2,262
Total	$	93,162	$	11,534	$	(1,608)	$	(260)	$	102,828

(1)Includes capitalized interest of $0.8 million and $1.7 million for the quarter and six months ended June 30, 2020.

Real Estate Transactions

Exercise of Option to Acquire Ground Lessee’s interest in Ground Lease and Improvements Constituting the Village East Cinema – On August 28, 2019, we exercised our option to acquire the ground lessee’s interest in the ground lease underlying and the real property assets constituting our Village East Cinema in Manhattan. The purchase price under the option is $5.9 million. It is anticipated that the transaction will close on or about May 31, 2021.

Investments In Unconsolidated Joint Ventures

6 Months Ended

Jun. 30, 2020

Investments In Unconsolidated Joint Ventures [Abstract]

Investments In Unconsolidated Joint Ventures

Note 7 – Investments in Unconsolidated Joint Ventures

Our investments in unconsolidated joint ventures are accounted for under the equity method of accounting.

The table below summarizes our active investment holdings in two (2) unconsolidated joint ventures as of June 30, 2020 and December 31, 2019:



		June 30,		December 31,
(Dollars in thousands)	Interest	2020		2019
Rialto Cinemas	50.0%	$	1,041	$	1,175
Mt. Gravatt	33.3%		3,515		3,894
Total investments		$	4,556	$	5,069

For the quarter and six months ended June 30, 2020 and 2019, the recognized share of equity earnings from our investments in unconsolidated joint ventures are as follows:



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Rialto Cinemas	$	(95)	$	71	$	(109)	$	14
Mt. Gravatt		(179)		256		(86)		347
Total equity earnings	$	(274)	$	327	$	(195)	$	361

Goodwill And Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill And Intangible Assets [Abstract]

Goodwill And Intangible Assets

Note 8 – Goodwill and Intangible Assets

The table below summarizes goodwill by business segment as of June 30, 2020 and December 31, 2019.



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at December 31, 2019	$	21,224	$	5,224	$	26,448
Change in goodwill due to a purchase of a business combination		120		—		120
Foreign currency translation adjustment		(560)		—		(560)
Balance at June 30, 2020	$	20,784	$	5,224	$	26,008

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. The Company has performed an interim goodwill assessment as described in Note 3 – Impact of COVID-19 Pandemic and Liquidity. Our next annual evaluation of goodwill and other intangible assets is scheduled during the fourth quarter of 2020. 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 June 30, 2020, we were not aware that any events indicating potential impairment of goodwill had occurred outside of those described at Note 3 – Impact of COVID-19 Pandemic and Liquidity.

The tables below summarize intangible assets other than goodwill, as of June 30, 2020 and December 31, 2019, respectively.



	As of June 30, 2020
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	12,241	$	9,062	$	4,711	$	26,014
Less: Accumulated amortization		(10,161)		(7,224)		(4,080)		(21,465)
Net intangible assets other than goodwill	$	2,080	$	1,838	$	631	$	4,549



	As of December 31, 2019
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	15,048	$	7,258	$	3,145	$	25,451
Less: Accumulated amortization		(14,496)		(5,449)		(1,186)		(21,131)
Net intangible assets other than goodwill	$	552	$	1,809	$	1,959	$	4,320

Beneficial leases obtained in business combinations where we are the landlord are amortized over the life of the relevant leases. Trade names are amortized based on the accelerated amortization method over their estimated useful life of 30 years, and other intangible assets are amortized over their estimated useful lives of up to 30 years (except for transferrable liquor licenses, which are indefinite-lived assets). The table below summarizes the amortization expense of intangible assets for the quarter and six months ended June 30, 2020.



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Beneficial lease amortization	$	25	$	85	$	50	$	164
Other amortization		229		104		306		205
Total intangible assets amortization	$	254	$	189	$	356	$	369

Prepaid And Other Assets

6 Months Ended

Jun. 30, 2020

Prepaid And Other Assets [Abstract]

Prepaid And Other Assets

Note 9 – Prepaid and Other Assets

Prepaid and other assets are summarized as follows:



	June 30,		December 31,
(Dollars in thousands)	2020		2019
Prepaid and other current assets
Prepaid expenses	$	2,689	$	2,163
Prepaid rent		281		1,093
Prepaid taxes		2,220		912
Income taxes receivable		7,162		1,669
Deposits		245		214
Investment in marketable securities		26		47
Restricted cash		7		7
Total prepaid and other current assets	$	12,630	$	6,105
Other non-current assets
Straight-line rent		5,129		4,689
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
Total other non-current assets	$	7,109	$	6,668

Income Taxes

6 Months Ended

Jun. 30, 2020

Income Taxes [Abstract]

Income Taxes

Note 10 – Income Taxes

The U.S. Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted on March 27, 2020 to provide, among other things, tax relief to companies impacted by the COVID-19 pandemic. The CARES Act includes, among other items, provisions for net operating loss carryback, modifications to the business interest expense deduction, a technical correction to tax depreciation methods for qualified improvement property, and alternative minimum tax credit refunds. During the quarter ended March 31, 2020, we recorded a tax benefit of $3.6 million arising from the carryback of the net operating loss generated in the taxable year ended December 31, 2019.

The interim provision for income taxes is different from the amount determined by applying the U.S. federal statutory rate to consolidated income or loss before taxes. The differences are attributable to foreign tax rate differential, unrecognized tax benefits, and foreign tax credit. Our effective tax rate was 13.7% and 78.8% for the six months ended June 30, 2020 and 2019, respectively. The change between 2020 and 2019 is primarily related to tax benefits from the carryback of the Company’s 2019 net operating loss, as the result of the CARES Act, to 2015 and 2016 tax years where the federal tax rate was 35%, offset by increase in valuation allowance in 2020. The forecasted effective tax rate is updated each quarter as new information becomes available.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Debt

6 Months Ended

Jun. 30, 2020

Debt [Abstract]

Debt

Note 11 – Debt

The Company’s borrowings at June 30, 2020 and December 31, 2019, net of deferred financing costs and including the impact of interest rate derivatives on effective interest rates, are summarized below:



	As of June 30, 2020
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, ‎Net⁽¹⁾		Stated ‎Interest Rate	Effective ‎Interest ‎Rate
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	26,395	4.76%	4.76%
Bank of America Credit Facility (USA)	March 6, 2023		55,000		55,000		54,906	3.18%	3.18%
Bank of America Line of Credit (USA)	March 6, 2023		5,000		5,000		5,000	3.18%	3.18%
Cinemas 1, 2, 3 Term Loan (USA)	April 1, 2022		24,907		24,907		24,498	4.25%	4.25%
Minetta & Orpheum Theatres Loan (USA)⁽²⁾	November 1, 2023		8,000		8,000		7,900	2.22%	5.15%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,199		9,199		9,100	4.64% / 4.44%	4.61%
Purchase Money Promissory Note (USA)	September 18, 2024		3,045		3,045		3,045	5.00%	5.00%
Union Square Construction Financing (USA)	December 29, 2020		50,000		39,506		39,396	5.50%	5.50%
Denominated in foreign currency ("FC") ⁽³⁾
NAB Corporate Term Loan (AU)	December 31, 2023		82,716		82,716		82,553	1.29%	1.29%
Westpac Bank Corporate (NZ)	December 31, 2023		20,627		20,627		20,628	2.30%	2.30%
		$	286,407	$	275,913	$	273,421

(1)Net of deferred financing costs amounting to $2.5 million.

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

(3)

The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of June 30, 2020.



	As of December 31, 2019
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, Net⁽¹⁾		Stated ‎Interest ‎Rate	Effective Interest Rate
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	26,311	5.94%	5.94%
Bank of America Credit Facility (USA)	March 6, 2023		55,000		33,500		33,445	4.80%	4.80%
Bank of America Line of Credit (USA)	March 6, 2023		5,000		—		—	4.80%	4.80%
Cinemas 1, 2, 3 Term Loan (USA)	April 1, 2022		18,658		18,658		18,532	3.25%	3.25%
Minetta & Orpheum Theatres Loan (USA)⁽²⁾	November 1, 2023		8,000		8,000		7,887	3.74%	5.15%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,260		9,260		9,153	4.64% / 4.44%	4.64%
Union Square Construction Financing (USA)	December 29, 2020		50,000		36,048		36,035	6.02%	6.02%
Purchase Money Promissory Note (USA)	September 18, 2024		3,363		3,363		3,363	5.00%	5.00%
Denominated in foreign currency ("FC")⁽³⁾
NAB Corporate Term Loan (AU)	December 31, 2023		84,360		65,731		65,541	1.77%	1.77%
Westpac Bank Corporate (NZ)	December 31, 2023		21,584		6,745		6,745	3.05%	3.05%
Total		$	283,138	$	209,218	$	207,012

(1)Net of deferred financing costs amounting to $2.2 million.

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

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

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



	June 30,		December 31,
Balance Sheet Caption	2020		2019
Debt - current portion	$	40,331	$	36,736
Debt - long-term portion		203,650		140,602
Subordinated debt - current portion		644		644
Subordinated debt - long-term portion		28,796		29,030
Total borrowings	$	273,421	$	207,012

Impact of COVID-19

As a result of the impact of COVID-19, we have obtained certain modifications to our loan agreements with the Bank of America, National Australia Bank and Westpac for the quarter ended June 30, 2020. These loan modifications included changes to some of the covenant compliance terms and waivers to certain covenant testing periods for these lenders. We currently have no covenant breaches to which loan modifications or waivers to the covenant testing periods have not been obtained.

Bank of America Credit Facility

On March 6, 2020, we amended our $55.0 million credit facility with Bank of America extending the maturity date to March 6, 2023. The refinanced facility carries an interest rate of 2.5% - 3.0%, depending on certain financial ratios plus a variable rate based on the loan defined “Eurodollar” interest rate.

On August 7, 2020, we modified certain financial covenants within this credit facility and temporarily suspended the testing of certain other covenant tests through measurement period ending September 30, 2021. The testing of the financial covenant resumes for measurement period ending December 31, 2021. In addition to the covenant modifications, the interest rate on borrowings under this facility was fixed at 3.0% above the “Eurodollar” rate, which itself now has a floor of 1.0%. Such a modification was not considered to be substantial under U.S. GAAP.

Bank of America Line of Credit

On March 6, 2020, the term of our $5.0 million line of credit was extended to March 6, 2023. On August 7, 2020 we modified the interest rate on this line of credit, wherein the LIBOR portion of the rate now has a floor of 1.0%.

Minetta and Orpheum Theatres Loan

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

44 Union Square Construction Financing

On December 29, 2016, we closed our 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 consisted of $50.0 million in aggregate loans (comprised of three loan tranches) from Bank of the Ozarks (“BOTO”), and a $7.5 million mezzanine loan from Tammany Mezz Investor, LLC, an affiliate of Fisher Brothers. As of December 31, 2016, BOTO advanced $8.0 million to repay the existing $8.0 million loan with East West Bank. On August 8, 2019, we repaid in full the $7.5 million mezzanine loan from Tammany Mezz Investor, LLC. On January 24, 2020, we exercised the first of our two extension options on the BOTO loan, taking the maturity to December 29, 2020.

U.S. Corporate Office Term Loan

On December 13, 2016, we obtained a ten year $8.4 million mortgage loan on our new Culver City 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%.

Cinemas 1,2,3 Term Loan

On March 13, 2020, Sutton Hill Properties LLC (“SHP”), a 75% subsidiary of RDI, refinanced its $20.0 million term loan with Valley National Bank with a new term loan of $25.0 million, an interest rate of 4.25%, and maturity date of April 1, 2022 with two six month options to extend.

Purchase Money Promissory Note

On September 18, 2019, we purchased for $5.5 million 407,000 Company Class A shares in a privately negotiated transaction under our Share Repurchase Program. Of this amount, $3.5 million was paid by the issuance of a Purchase Money Promissory Note, which bears an interest rate of 5.0% per annum, payable in equal quarterly payments of principal plus accrued interest. The Purchase Money Promissory Note matures on September 18, 2024.

Westpac Bank Corporate Credit Facility (NZ)

On December 20, 2018, we restructured our Westpac Corporate Credit Facilities. The maturity of the 1^st 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 2^nd tranche (construction line) with a facility of NZ$18.0 million was removed.

On June 29, 2020, Westpac pushed out the June 30, 2020 covenant testing date to July 31, 2020. On July 27, 2020, Westpac waived the requirement to test certain covenants as of July 31, 2020. This agreement also increased the interest rate and line of credit charge to 2.40% above the Bank Bill Bid Rate and 1.65% respectively. The maturity date was extended to January 1, 2024. Such modifications of this facility were not considered to be substantial under U.S. GAAP. At the request of Westpac, we have deposited $10.3 million (NZ$16.0 million) in a term deposit with Westpac, as we have no current operating need for such funds in New Zealand.

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. Such modifications of this particular term loan were not considered to be substantial under U.S. GAAP.

On August 6, 2020, we modified certain covenants within this Revolving Corporate Markets Loan Facility. These modifications apply until the quarter ended June 30, 2021. In addition, for the period in which these covenant modifications apply, the interest rate on amounts borrowed under the facility is 1.75%. Such a modification was not considered to be substantial under U.S. GAAP.

Other Liabilities

6 Months Ended

Jun. 30, 2020

Other Liabilities [Abstract]

Other Liabilities

Note 12 – Other Liabilities

Other liabilities are summarized as follows:



	June 30,		December 31,
(Dollars in thousands)	2020		2019
Current liabilities
Lease liability	$	5,900	$	—
Liability for demolition costs		2,623		2,745
Accrued pension		684		684
Security deposit payable		109		114
Finance lease liabilities		51		93
Other		33		17
Other current liabilities	$	9,400	$	3,653
Other liabilities
Lease make-good provision		6,716		6,667
Accrued pension		4,261		4,469
Environmental reserve		1,656		1,656
Lease liability		—		5,900
Acquired leases		32		37
Finance lease liabilities		92		116
Other		978		9
Other liabilities	$	13,735	$	18,854

Pension Liability – Supplemental Executive Retirement Plan

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 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 $4.9 million at June 30, 2020. The benefits of our pension plan are fully vested and therefore no service costs were recognized for the quarter and six months ended June 30, 2020 and 2019. Our pension plan is unfunded.

During the quarter and six months ended June 30, 2020, the interest cost was $66,000 and $134,000, respectively, and the actuarial loss was $51,000 and $103,000, respectively. During the quarter and six months ended June 30, 2019, the interest cost was $298,000 and $343,000, respectively, and the actuarial loss was $52,000 and $103,000, respectively.

Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note 13 – 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, 2020	$	8,118	$	10	$	(2,287)	$	(252)	$	5,589

Change related to derivatives
Total change in hedge fair value recorded in Other Comprehensive Income		—		—		—		(285)		(285)
Other comprehensive income before reclassifications								—		—
Amounts reclassified from accumulated other comprehensive income		—		—		—		80		80
Net change related to derivatives		—		—		—		(205)		(205)

Net current-period other comprehensive income (loss)		(5,051)		(19)		103		(205)		(5,172)
Balance at June 30, 2020	$	3,067	$	(9)	$	(2,184)	$	(457)	$	417

Commitments And Contingencies

6 Months Ended

Jun. 30, 2020

Commitments And Contingencies [Abstract]

Commitments And Contingencies

Note 14 – 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, as permitted under ASC 450-20 Loss Contingencies. In our opinion, any claims and litigation in which we are currently involved are not reasonably likely to have a material adverse effect on our business, results of operations, financial position, or liquidity. It is possible, however, that future results of the operations for any particular quarterly or annual period could be materially affected by the ultimate outcome of the legal proceedings. From time-to-time, we are involved with claims and lawsuits arising in the ordinary course of our business that may include contractual obligations, insurance claims, tax claims, employment matters, and anti-trust issues, among other matters.

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 attorney’s fees was denied, and we have appealed that determination. The issues on appeal are currently being briefed. The appeals have been consolidated and fully briefed and are scheduled for hearing before the Nevada Supreme Court on September 8, 2020. 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 2019, out-of-pocket third-party costs in the amount of approximately $925,000 were incurred by our Company in defending against these claims. For the six months ended June 30, 2020, an additional $75,000 had been expensed, relating principally to the preparation of appellate briefs with respect to the Derivative Litigation.

Employment Litigation

The Company is currently involved in two California employment matters which include substantially overlapping wage and hour claims: Taylor Brown, individually, and on behalf of other members of the general public similarly situated vs. Reading Cinemas et al. Superior Court of the State of California for the County of Kern, Case No. BCV-19-1000390 (“Brown v. RC,” and the “Brown Class Action Complaint” respectively) and Peter M. Wagner, Jr., an individual, vs. Consolidated Entertainment, Inc. et al., Superior Court of the State of California for the County of San Diego, Case NO. 37-2019-00030695-CU-WT-CTL (“Wagner v. CEI,” and the “Wagner Individual Complaint” respectively). Brown v. RC was initially filed in December 2018, as an individual action and refiled as a putative class action in February 2019, but not served until June 24, 2019. These lawsuits seek damages, and attorneys’ fees, relating to alleged violations of California labor laws relating to meal periods, rest periods, reporting time pay, unpaid wages, timely pay upon termination and wage statements violations. Wagner v. CEI was filed as a discrimination and retaliation lawsuit in June 2019. The following month, in July 2019, a notice was served on us by separate counsel for Mr. Wagner under the California Private Attorney General Act of 2004 (Cal. Labor Code Section 2698, et seq) (the “Wagner PAGA Claim”) purportedly asserting in a representational capacity claims under the PAGA statute, overlapping, in substantial part, the allegations set forth in the Brown Class Action Complaint. On March 6, 2020, Wagner filed a purported class action in the Superior Court of California, County of San Diego, again covering basically the same allegations as set forth in the Brown Class Action Complaint, and titled Peter M. Wagner, an individual, on behalf of himself and all others similarly situated vs. Reading International, Inc., Consolidated Entertainment, Inc. and Does 1 through 25, Case No. 37-2020-000127-CU-OE-CTL (the “Wagner Class Action”). Neither plaintiff has specified the amount of damages sought.

The Company is investigating and intends to vigorously defend the allegations of the Brown Class Action Complaint, the Wagner Individual Complaint, the Wagner PAGA Claim and the Wagner Class Action Complaint. In addition, we have denied that a PAGA representative action is appropriate. These matters are in their early stages, and the putative class actions have not been certified. As these cases are in early stages, the Company is unable to predict the outcome of the litigation or the range of potential loss, if any; however, the Company believes that its potential liability with respect to such matters is not material to its overall financial position, results of operations and cash flows. Accordingly, the Company has not established a reserve for loss in connection with these matters.

Non-controlling Interests

6 Months Ended

Jun. 30, 2020

Non-controlling Interests [Abstract]

Non-controlling Interests

‎

Note 15 – Non-controlling Interests

These are composed of the following enterprises:

Australia Country Cinemas Pty Ltd. - 25% noncontrolling interest owned by Panorama Group International Pty Ltd.;

Shadow View Land and Farming, LLC - 50% noncontrolling membership interest owned by 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:



	June 30,		December 31,
(Dollars in thousands)	2020		2019
Australian Country Cinemas, Pty Ltd	$	64	$	119
Shadow View Land and Farming, LLC		2,102		2,145
Sutton Hill Properties, LLC		1,826		2,003
Noncontrolling interests in consolidated subsidiaries	$	3,992	$	4,267

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



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Australian Country Cinemas, Pty Ltd	$	(45)	$	28	$	(46)	$	36
Shadow View Land and Farming, LLC		(22)		(20)		(43)		(34)
Sutton Hill Properties, LLC		(118)		(45)		(177)		(55)
Net income (loss) attributable to noncontrolling interests	$	(185)	$	(37)	$	(266)	$	(53)

Summary of Controlling and Noncontrolling Stockholders’ Equity

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


	Common Shares								Retained				Accumulated		Reading
	Class A	Class A		Class B	Class B		Additional		Earnings				Other		International Inc.				Total
	Non-Voting	Par		Voting	Par		Paid-In		(Accumulated		Treasury		Comprehensive		Stockholders’		Noncontrolling		Stockholders’
(Dollars in thousands, except shares)	Shares	Value		Shares	Value		Capital		Deficit)		Shares		Income (Loss)		Equity		Interests		Equity
At January 1, 2020	20,103	$	231	1,680	$	17	$	148,602	$	20,647	$	(39,737)	$	5,589	$	135,349	$	4,267	$	139,616
Net income (loss)	—		—	—		—		—		(5,875)		—		—		(5,875)		(81)		(5,956)
Other comprehensive income, net	—		—	—		—		—		—		—		(15,879)		(15,879)		(18)		(15,897)
Share-based compensation expense	—		—	—		—		336		—		—		—		336		—		336
Share repurchase plan	(75)		—	—		—		—		—		(670)		—		(670)		—		(671)
In-kind exchange of share for the exercise of options, net issued	—		—	—		—		—		—		—		—		—		—		—
Restricted Stock Units	19			—		—		(30)		—		—		—		(30)		—		(30)
Contributions from noncontrolling stockholders	—		—	—		—		—		—		—		—		—		—		—
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		—		—
At March 31, 2020	20,047	$	231	1,680	$	17	$	148,908	$	14,772	$	(40,407)	$	(10,290)	$	113,231	$	4,168	$	117,399
Net income	—		—	—		—		—		(22,702)		—		—		(22,702)		(185)		(22,887)
Other comprehensive income, net	—		—	—		—		—		—		—		10,707		10,707		9		10,716
Share-based compensation expense	—		—	—		—		369		—		—		—		369		—		369
Share repurchase plan	—		—	—		—		—		—		0		—		0		—		0
Class A common stock issued for share-based bonuses and options exercised	—		—	—		—		—		—		—		—		—		—		—
In-kind exchange of share for the exercise of options, net issued	—		—	—		—		—		—		—		—		—		—		—
Restricted Stock Units	21			—		—		(11)		—		—		—		(11)		—		(11)
Contributions from noncontrolling stockholders	—		—	—		—		—		—		—		—		—		—		—
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		—		—
At June 30, 2020	20,068		231	1,680		17		149,266		(7,930)		(40,407)		417		101,594		3,992		105,586


	Common Shares								Retained				Accumulated		Reading
	Class A	Class A		Class B	Class B		Additional		Earnings				Other		International Inc.				Total
	Non-Voting	Par		Voting	Par		Paid-In		(Accumulated		Treasury		Comprehensive		Stockholders’		Noncontrolling		Stockholders’
(Dollars in thousands, except shares)	Shares	Value		Shares	Value		Capital		Deficit)		Shares		Income (Loss)		Equity		Interests		Equity
At January 1, 2019	21,195	$	232	1,680	$	17	$	147,452	$	47,048	$	(25,222)	$	6,115	$	175,642	$	4,337	$	179,979
Net income (loss)	—		—	—		—		—		(2,124)		—		—		(2,124)		(16)		(2,140)
Adjustments to opening retained earnings on adoption of ASC 842	—		—	—		—		—		28		—		—		28		(46)		(18)
Other comprehensive income, net	—		—	—		—		—		—		—		1,510		1,510		1		1,511
Share-based compensation expense	—		—	—		—		280		—		—		—		280		—		280
Share repurchase plan	—		—	—		—		—		—		(9)		—		(9)		—		(9)
Class A common stock issued for share-based bonuses and options exercised	—		—	—		—		(185)		—		—		—		(185)		—		(185)
Restricted Stock Units	40		1	—		—		(75)		—		—		—		(74)		—		(74)
Contributions from noncontrolling stockholders	—		—	—		—		—		—		—		—		—		18		18
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		(27)		(27)
At March 31, 2019	21,235	$	233	1,680	$	17	$	147,472	$	44,952	$	(25,231)	$	7,625	$	175,068	$	4,267	$	179,335
Net income	—		—	—		—		—		2,331		—		—		2,331		(37)		2,294
Other comprehensive income, net	—		—	—		—		—		—		—		(2,346)		(2,346)		(1)		(2,347)
Share-based compensation expense	—		—	—		—		400		—		—		—		400		—		400
Share repurchase plan	(197)		—	—		—		—		—		(2,622)		—		(2,622)		—		(2,622)
Class A common stock issued for share-based bonuses and options exercised	—		—	—		—		—		—		—		—		—		—		—
In-kind exchange of share for the exercise of options, net issued	—		—	—		—		—		—		—		—		—		—		—
Restricted Stock Units	33		—	—		—		(31)		—		—		—		(31)		—		(31)
Contributions from noncontrolling stockholders	—		—	—		—		—		—		—		—		—		9		9
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		(15)		(15)
At June 30, 2019	21,071	$	233	1,680	$	17	$	147,841	$	47,283	$	(27,853)	$	5,279	$	172,800	$	4,223	$	177,023

‎

Stock-Based Compensation And Share Repurchases

6 Months Ended

Jun. 30, 2020

Stock-Based Compensation And Share Repurchases [Abstract]

Stock-Based Compensation And Share Repurchases

Note 16 – Stock-Based Compensation and Stock Repurchases

Employee and Director Stock Incentive 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, as amended (the “Plan”). The aggregate total number of shares of the Common Stock authorized for issuance under the Plan at June 30, 2020 was 2,197,460, of which 505,265 remain available for future issuance. In total, 1,692,195 shares of Common Stock had, as of that date, been issued or reserved for issuance pursuant to the previously granted options and/or granted restricted stock units.

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, a restricted stock unit (“RSU”) entitles the grantee to receive one share for every RSU based on a vesting plan, typically between one and four years from grant. Grants to directors and certain executive officers are subject to Board approval; discretion to make grants to other officers and employees has been delegated to the Compensation and Stock Options Committee. 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.

No stock options were issued in the six months ended June 30, 2020. Stock options covering 219,408 shares issued in the quarter and six months ended June 30, 2019, all in the first quarter of 2019. The weighted average assumptions used in the option-valuation model were as follows:



	Six Months Ended June 30,
	2020		2019
Stock option exercise price	$	—	$	16.12
Risk-free interest rate		—		2.42%
Expected dividend yield		—		—
Expected option life in years		—		3.75
Expected volatility		—		23.32%
Weighted average fair value	$	—	$	3.50

For the quarters ended June 30, 2020 and 2019, we recorded compensation expense of $120,000 and $129,000, respectively with respect to our prior stock option grants. For the six months ended June 30, 2020 and June 30, 2019, we recorded compensation expense of $239,000 and $200,000, respectively. At June 30, 2020, the total unrecognized estimated compensation expense related to non-vested stock options was $0.9 million, which we expect to recognize over a weighted average vesting period of 1.57 years. The intrinsic, unrealized value of all options outstanding vested and expected to vest, at June 30, 2020 was nil, as the closing price of our Common Stock on that date was $4.25.

The following table summarizes the number of options outstanding and exercisable as of June 30, 2020 and December 31, 2019:



	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, 2018	586,469	$	14.01	2.88	$	1,530,528
Granted	219,408		16.12	—		—
Exercised	(69,500)		13.42	—		185,175
Forfeited	(25,000)		13.42	—		—
Balance - December 31, 2019	711,377	$	14.74	2.79	$	136,350
Granted	—		—	—		—
Exercised	—		—	—		—
Forfeited	(8,000)		12.34	—		—
Balance - June 30, 2020	703,377	$	14.79	1.57	$	—

Restricted Stock Units

We estimate the grant-date fair values of our RSUs using our 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 June 30, 2020:



	Outstanding Restricted Stock Units
	RSU Grants (in units)			Vested,	Unvested,	Forfeited,
Grant Date	Directors	Management	Total ‎Grants	June 30, 2020	June 30, 2020	June 30, 2020
March 10, 2016	35,147	27,381	62,528	62,262	—	266
April 11, 2016	—	5,625	5,625	5,108	—	517
March 23, 2017	30,681	32,463	63,144	54,196	8,416	532
August 29, 2017	—	7,394	7,394	5,546	1,848
January 2, 2018	29,393	—	29,393	29,393	—
April 12, 2018	—	29,596	29,596	14,553	14,268	775
April 13, 2018	—	14,669	14,669	7,336	7,333
July 6, 2018	—	932	932	—	—	932
November 7, 2018	23,010	—	23,010	23,010	—
March 13, 2019	—	24,366	24,366	5,316	15,946	3,104
March 14, 2019	—	23,327	23,327	5,832	17,495
May 7, 2019	11,565	—	11,565	11,565	—
March 10, 2020	—	287,163	287,163	—	287,163

Total	129,796	452,916	582,712	224,117	352,469	6,126

RSU awards to management vest 25% on the anniversary of the grant date over a period of four years. Beginning this year, a performance component has been added to certain of the RSUs granted to Management. On March 10, 2020, RSUs covering 287,163 shares were issued to members of executive management and other employees of our Company.

Prior to November 7, 2018, RSU awards to non-employee 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 director’s term of office. Accordingly, the RSUs granted on November 7, 2018, vested on the first to occur of (i) 5:00 pm, Los Angeles, CA time on the last business day prior to the one year anniversary of the grant date, or (ii) the date on which the recipient’s term as a director ended and the recipient or, as the case may be, the recipient’s successor was elected to the board of directors. Accordingly, the RSUs granted to directors on November 7, 2018 vested on May 7, 2019 annual meeting of stockholders. Due to the fact that our Company moved up our annual meeting of stockholders from November to May in 2019, the vesting period for the RSUs issued on November 7, 2018 was shorter than anticipated. In order to adjust for this factor, the award of RSUs to directors made immediately following the 2019 Annual Meeting of Stockholders was determined using a value of $35,000 or one half of the dollar amount of the prior year's annual grant. The RSUs issued to non-employee directors on May 7, 2019 vested on May 6, 2020. No RSUs have been issued to non-employee directors since May 7, 2019.

For the quarter ended June 30, 2020 and 2019, we recorded compensation expense of $255,000 and $271,000, respectively. For the six months ended June 30, 2020 and 2019, we recorded compensation expense of $470,000 and $480,000, respectively. The total unrecognized compensation expense related to the non-vested RSUs was $2.5 million as of June 30, 2020, which we expect to recognize over a weighted average vesting period of 2.02 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 Non-Voting Common Stock. On March 14, 2019, the Board of Directors extended this stock buy-back program for two years, through March 2, 2021. On March 10, 2020, the Board increased the authorized amount by $25.0 million and extended it to March 2, 2022. At the present time, the amount available under the repurchase program authorization is $26.0 million.

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 June 30, 2020, the Company had reacquired a total of 1,792,819 shares of Class A Non-Voting Common Stock for $24.0 million at an average price of $13.39 per share (excluding transaction costs). 75,157 shares of Class A Non-Voting Common Stock were purchased during the quarter ended March 31, 2020 at an average price of $8.92 per share. No shares of Class A Non-Voting Common Stock were purchased during the quarter ended June 30, 2020. This leaves $26.0 million available under the March 2, 2017 program, as extended, to March 2, 2022.

Leases

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases

Note 17 - 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 an incremental borrowing rate applicable to the relevant country and lease term 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.

As a result of the impacts of COVID-19, we have obtained certain concessions from our landlords. We have elected to account for these concessions as if there have been no changes to the underlying contracts, thereby recognizing abatements secured as variable lease expenses, and increasing payables for lease payment deferrals.

The components of lease expense are as follows:


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	24	$	41	$	64	$	82
Interest on lease liabilities		2		4		5		7
Operating lease cost		8,079		7,899		16,099		15,784
Variable lease cost		(833)		517		(652)		619
Total lease cost	$	7,272	$	8,461	$	15,515	$	16,492

Supplemental cash flow information related to leases is as follows:


	Six Months Ended
	June 30,
(Dollars in thousands)	2020		2019
Cash flows relating to lease cost
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	68	$	87
Operating cash flows for operating leases		8,436		15,531
Right-of-use assets obtained in exchange for new finance lease liabilities		—		—
Right-of-use assets obtained in exchange for new operating lease liabilities		179		5,760

Supplemental balance sheet information related to leases is as follows:


	June 30,		December 31,
(Dollars in thousands)	2020		2019
Operating leases
Operating lease right-of-use assets	$	217,692	$	229,879
Operating lease liabilities - current portion		21,091		20,379
Operating lease liabilities - non-current portion		210,560		223,164
Total operating lease liabilities	$	231,651	$	243,543
Finance leases
Property plant and equipment, gross		366		370
Accumulated depreciation		(228)		(165)
Property plant and equipment, net	$	138	$	205
Other current liabilities		51		93
Other long-term liabilities		92		116
Total finance lease liabilities	$	143	$	209

Other information
Weighted-average remaining lease term - finance leases		3		3
Weighted-average remaining lease term - operating leases		11		11
Weighted-average discount rate - finance leases		5.25%		5.13%
Weighted-average discount rate - operating leases		4.78%		4.86%

The maturities of our leases were as follows:


(Dollars in thousands)	Operating ‎leases		Finance ‎leases
2020	$	15,819	$	31
2021		32,010		53
2022		32,018		42
2023		31,292		28
2024		29,466		—
Thereafter		159,647		—
Total lease payments	$	300,252	$	154
Less imputed interest		(68,601)		(11)
Total	$	231,651	$	143

As of June 30, 2020, we have additional operating leases, primarily for cinemas, that have not yet commenced operations of approximately $36.0 million. It is anticipated that these operating leases will commence between fiscal year 2020 and fiscal year 2021 with lease terms of 15 to 20 years.

As Lessor

We have entered into various leases as a lessor for our owned real estate properties. These leases vary in length between 1 and 20 years, with certain leases containing options to extend at the behest of the applicable tenants. Lease components consist of fixed base rent, and for certain leases, variable lease payments consisting of contracted percentages of revenue, changes in the relevant CPI, and/or other contracted financial metrics. None of our leases grant any right to the tenant to purchase the underlying asset.

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.

As a result of the impacts of COVID-19, we have provided certain concessions to specific tenants. We have elected to account for these concessions as if there have been no changes to the underlying contracts, thereby recognizing abatements granted as variable lease payments through revenue and increasing receivables for lease payment deferrals.

Lease income relating to operating lease payments was as follows:


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Components of lease income
Lease payments	$	2,245	$	2,344	$	4,566	$	4,573
Variable lease payments		(364)		331		(201)		596
Total lease income	$	1,881	$	2,675	$	4,365	$	5,169

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


	June 30,		December 31,
(Dollars in thousands)	2020		2019
Building and improvements
Gross balance	$	69,123	$	67,766
Accumulated depreciation		(20,677)		(20,220)
Net Book Value	$	48,446	$	47,546

The Maturity of our leases were as follows:


(Dollars in thousands)	Operating ‎leases
2020	$	3,890
2021		7,552
2022		6,780
2023		6,106
2024		5,208
Thereafter		7,634
Total	$	37,170

Hedge Accounting

6 Months Ended

Jun. 30, 2020

Hedge Accounting [Abstract]

Hedge Accounting

Note 18 – Hedge Accounting

As of June 30, 2020, and December 31, 2019, the Company held interest rate derivatives in the total notional amount of $8.0 million and $8.0 million, respectively.

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


	Liability Derivatives
	June 30,			December 31,
	2020			2019
(Dollars in thousands)	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate contracts	Derivative financial instruments - current portion	$	218	Derivative financial instruments - current portion	$	109
	Derivative financial instruments - non-current portion		329	Derivative financial instruments - non-current portion		233
Total derivatives designated as hedging instruments		$	547		$	342
Total derivatives		$	547		$	342

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 and six months ended to June 30, 2020 and June 30, 2019, 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
		Quarter Ended June 30, 2020				Six Months Ended June 30, 2020
			2020		2019		2020		2019
Interest rate contracts	Interest expense	$	52	$	13	$	80	$	24
Total		$	52	$	13	$	80	$	24


	Loss Recognized in OCI on Derivatives (Effective Portion)
(Dollars in thousands)	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2020		2019		2020		2019
Interest rate contracts	$	52	$	134	$	285	$	215
Total	$	52	$	134	$	285	$	215

	Loss Reclassified from AOCI into Income (Effective Portion)
Line Item	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2020		2019		2020		2019
Interest expense	$	52	$	13	$	80	$	24
Total	$	52	$	13	$	80	$	24

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

Fair Value Measurements

6 Months Ended

Jun. 30, 2020

Fair Value Measurements [Abstract]

Fair Value Measurements

Note 19 – Fair Value Measurements

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

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

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

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

As of June 30, 2020, and December 31, 2019 we had derivative financial liabilities carried and measured at fair value on a recurring basis of $547,000 and $342,000 respectively.

The following tables summarize our financial liabilities that are carried at cost and measured at fair value on a non-recurring basis as of June 30, 2020 and December 31, 2019, by level within the fair value hierarchy.



			Fair Value Measurement at June 30, 2020
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	244,955	$	—	$	—	$	248,948	$	248,948
Subordinated debt		30,958		—		—		20,722		20,722
	$	275,913	$	—	$	—	$	269,670	$	269,670



			Fair Value Measurement at December 31, 2019
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	177,942	$	—	$	—	$	181,916	$	181,916
Subordinated debt		31,276		—		—		22,132		22,132
	$	209,218	$	—	$	—	$	204,048	$	204,048

(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 June 30, 2020 and December 31, 2019.

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

Level 2 derivative financial instruments are valued based on discounted cash flow models that incorporate observable inputs such as interest rates and yield curves from the derivative counterparties. The credit valuation adjustments associated with our non-performance risk and counterparty credit risk are incorporated in the fair value estimates of our derivatives. As of June 30, 2020, and December 31, 2019, 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 and six months ended June 30, 2020 and June 30, 2019.

‎

- 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 Combinations

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Business Combinations

Note 20 – Business Combinations

Devonport, Tasmania, Australia

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. 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 estimates of their fair values on the acquisition date. The identified assets included fixtures and equipment and immaterial working capital balances. There were immaterial liabilities assumed.

Our final purchase price allocation is as follows:


(Dollars in thousands)	Preliminary Purchase Price Allocation⁽¹⁾		Measurement Period Adjustments⁽²⁾		Final Purchase Price Allocation⁽¹⁾
Tangible Assets
Operating property:
Fixtures and equipment	$	153	$	—	$	153
Intangible Assets
Goodwill		1,248		(23)		1,225
Total assets acquired		1,401		(23)		1,378

Net assets acquired	$	1,401	$	(23)	$	1,378

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

(2)The measurement period adjustments relate to finalization of immaterial employee obligations.

State Cinema Hobart, Tasmania, Australia

On December 3, 2019, we purchased the tenant’s interest and other operating assets of an established ten-screen cinema in Hobart, Tasmania, Australia, for $6.2 million. We commenced trading from this new cinema site on December 5, 2019.

The Company finalized its purchase price allocation in the first quarter of 2020. The total purchase price was allocated to the identifiable assets acquired based on our estimates of their fair values on the acquisition date. The identified assets include fixtures and equipment, the State Cinema brand, inventory and immaterial working capital balances. The determination of the fair values of the acquired assets (and the related determination of their estimated lives where depreciation is permitted) requires significant judgment. There were immaterial liabilities assumed, including certain gift card obligations.

Our final purchase price allocation is as follows:


(Dollars in thousands)	Preliminary Purchase Price Allocation⁽¹⁾		Measurement Period Adjustments		Final Purchase Price Allocation⁽¹⁾
Tangible Assets
Operating property:
Fixtures and equipment	$	481		(119)	$	362
Deferred tax		5		—		5
Current assets:
Inventory		333		—		333

Intangible Assets
Brand name		—		250		250
Liquor license				1		1
Goodwill		5,617		(132)		5,485
Total assets acquired		6,436		—		6,436

Liabilities
Employee liabilities		(20)		—		(20)
Deferred revenue balances		(236)		—		(236)
Total liabilities acquired		(256)		—		(256)

Net assets acquired	$	6,180		—	$	6,180

(1)The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, December 5, 2019.

Subsequent Events

6 Months Ended

Jun. 30, 2020

Subsequent Events [Abstract]

Subsequent Events

Note 21 – Subsequent Events

Lender Waivers and Modifications

Subsequent to June 30, 2020, we modified certain financial covenants and borrowing rates pertaining to our Bank of America, NAB and Westpac debt facilities as detailed at Note 11 – Debt.

On July 1, 2020, at the request of the bank, we moved $10.3 million (NZ$16.0 million) of cash to a 30 day term deposit held by Westpac.

Summary Of Significant Accounting Policies (Policy)

6 Months Ended

Jun. 30, 2020

Summary Of Significant Accounting Policies [Abstract]

Basis Of Consolidation

Basis of Consolidation

Operating results for the quarter and six months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020.

Use Of Estimates

Use of Estimates

Recently Adopted And Issued Accounting Pronouncements

Recently Adopted and Issued Accounting Pronouncements

Adopted:

Issued:

ASUs Effective 2020 and Beyond

Prior Period Financial Statement Correction Of Immaterial Errors

Prior period financial statement correction of immaterial errors

Sales Tax

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

Consolidated Statements of Operations:


	Quarter Ended June 30, 2019						Six Months Ended June 30, 2019
(Dollars in thousands)	As Reported		Adjustment		As Revised		As Reported		Adjustment		As Revised
Cinema revenue	$	72,383		(87)		72,296	$	130,368		(145)		130,223
Total revenue		76,096		(87)		76,009		137,646		(145)		137,501
Operating income (loss)		5,817		(87)		5,730		4,515		(145)		4,370
Income (loss) before income taxes		4,011		(87)		3,924		872		(145)		727
Income tax (expense) benefit		(1,654)		24		(1,630)		(612)		39		(573)
Net income (loss)		2,357		(63)		2,294		260		(106)		154
Net income (loss) attributable to Reading International, Inc. common shareholders		2,394		(63)		2,331		313		(106)		207

Basic earnings (loss) per share	$	0.10		(0.00)		0.10	$	0.01		(0.00)		0.01
Diluted earnings (loss) per share		0.10		(0.00)		0.10		0.01		(0.00)		0.01

Consolidated Balance Sheets:


	Summary of Equity
(Dollars in thousands)	As Reported		Adjustment		As Revised
Equity at January 1, 2019	$	180,547	$	(568)	$	179,979
Net income (loss) attributable to Reading International, Inc. common shareholders		260		(106)		154
Equity at June 30, 2019		177,697		(674)		177,023

Consolidated Statements of Cash Flows:


	Six Months Ended June 30, 2019
(Dollars in thousands)	As Reported		Adjustment		As Revised
Net income (loss)	$	260	$	(106)	$	154
Change in net deferred tax assets		(30)		(39)		(69)
Accounts payable and accrued expenses		(3,427)		145		(3,282)
Net cash provided by operating activities		3,058		—		3,058

Description Of Business And Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

Description Of Business And Segment Reporting [Abstract]

Summary Of Results Of Operations For Principal Business Segments



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Revenue:
Cinema exhibition	$	1,217	$	72,296	$	47,527	$	130,223
Real estate		2,303		5,564		6,905		10,994
Inter-segment elimination		(98)		(1,851)		(1,782)		(3,716)
	$	3,422	$	76,009	$	52,650	$	137,501
Segment operating income (loss):
Cinema exhibition	$	(17,254)	$	9,182	$	(19,908)	$	11,767
Real estate		(807)		1,345		(620)		2,502
	$	(18,061)	$	10,527	$	(20,528)	$	14,269

Reconciliation To Net Income Attributable To Common Shareholders



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Segment operating income (loss)	$	(18,061)	$	10,527	$	(20,528)	$	14,269
Unallocated corporate expense
Depreciation and amortization expense		(227)		(127)		(419)		(188)
General and administrative expense		(3,907)		(4,670)		(8,288)		(9,710)
Interest expense, net		(2,004)		(2,204)		(3,797)		(4,055)
Equity earnings of unconsolidated joint ventures		(274)		327		(195)		361
Other income (expense)		19		71		(196)		50
Income (loss) before income tax expense	$	(24,454)	$	3,924	$	(33,423)	$	727

Summary Of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Accounting Standards Update 2016-02 [Member]

Changes To Financial Statements

Consolidated Statements of Operations:


	Quarter Ended June 30, 2019						Six Months Ended June 30, 2019
(Dollars in thousands)	As Reported		Adjustment		As Revised		As Reported		Adjustment		As Revised
Cinema revenue	$	72,383		(87)		72,296	$	130,368		(145)		130,223
Total revenue		76,096		(87)		76,009		137,646		(145)		137,501
Operating income (loss)		5,817		(87)		5,730		4,515		(145)		4,370
Income (loss) before income taxes		4,011		(87)		3,924		872		(145)		727
Income tax (expense) benefit		(1,654)		24		(1,630)		(612)		39		(573)
Net income (loss)		2,357		(63)		2,294		260		(106)		154
Net income (loss) attributable to Reading International, Inc. common shareholders		2,394		(63)		2,331		313		(106)		207

Basic earnings (loss) per share	$	0.10		(0.00)		0.10	$	0.01		(0.00)		0.01
Diluted earnings (loss) per share		0.10		(0.00)		0.10		0.01		(0.00)		0.01

Consolidated Balance Sheets:


	Summary of Equity
(Dollars in thousands)	As Reported		Adjustment		As Revised
Equity at January 1, 2019	$	180,547	$	(568)	$	179,979
Net income (loss) attributable to Reading International, Inc. common shareholders		260		(106)		154
Equity at June 30, 2019		177,697		(674)		177,023

Consolidated Statements of Cash Flows:


	Six Months Ended June 30, 2019
(Dollars in thousands)	As Reported		Adjustment		As Revised
Net income (loss)	$	260	$	(106)	$	154
Change in net deferred tax assets		(30)		(39)		(69)
Accounts payable and accrued expenses		(3,427)		145		(3,282)
Net cash provided by operating activities		3,058		—		3,058

Operations In Foreign Currency (Tables)

6 Months Ended

Jun. 30, 2020

Operations In Foreign Currency [Abstract]

Summary Of Currency Exchange Rates



	Foreign Currency / USD
	As of and ‎for the ‎quarter ‎ended	As of and ‎for the ‎six months ended	As of and ‎for the ‎twelve months ‎ended	As of and ‎for the ‎quarter ‎ended	As of and ‎for the ‎six months ended
	June 30, 2020		December 31, 2019	June 30, 2019
Spot Rate
Australian Dollar	0.6893		0.7030	0.7009
New Zealand Dollar	0.6446		0.6745	0.6711
Average Rate
Australian Dollar	0.6576	0.6577	0.6954	0.7001	0.7062
New Zealand Dollar	0.6183	0.6266	0.6593	0.6626	0.6721

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings (Loss) Per Share



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands, except share data)	2020		2019		2020		2019
Numerator:
Net income (loss) attributable to RDI common stockholders	$	(22,702)	$	2,331	$	(28,577)	$	207
Denominator:
Weighted average number of common stock – basic		21,742,667		22,894,083		21,749,356		22,901,764
Weighted average dilutive impact of awards		352,469		165,650		352,859		172,909
Weighted average number of common stock – diluted		22,095,136		23,059,733		22,102,215		23,074,673
Basic earnings (loss) per share attributable to RDI common stockholders	$	(1.04)	$	0.10	$	(1.31)	$	0.01
Diluted earnings (loss) per share attributable to RDI common stockholders	$	(1.04)	$	0.10	$	(1.31)	$	0.01
Awards excluded from diluted earnings (loss) per share		678,377		516,010		703,377		516,010

Property And Equipment (Tables)

6 Months Ended

Jun. 30, 2020

Property And Equipment [Abstract]

Schedule Of Property And Equipment



	June 30,		December 31,
(Dollars in thousands)	2020		2019
Land	$	72,791	$	75,663
Building and improvements		145,769		149,852
Leasehold improvements		57,110		56,912
Fixtures and equipment		184,814		186,949
Construction-in-progress		10,689		5,484
Total cost		471,173		474,860
Less: accumulated depreciation		(223,843)		(216,722)
Operating property, net	$	247,330	$	258,138

Summary Of Investment And Development Property



	June 30,		December 31,
(Dollars in thousands)	2020		2019
Land	$	25,628	$	24,446
Building		1,900		1,900
Construction-in-progress (including capitalized interest)		92,139		87,678
Investment and development property	$	119,667	$	114,024

Construction-In-Progress Balance



(Dollars in thousands)	Balance, December 31, 2019		Additions during the period⁽¹⁾		Completed ‎during the ‎period		Foreign ‎currency ‎translation		Balance, June 30, 2020
Union Square development	$	81,934	$	4,468	$	—	$	—	$	86,402
Courtenay Central development		6,364		419		—		(272)		6,511
Cinema developments and improvements		3,032		5,646		(1,071)		46		7,653
Other real estate projects		1,832		1,001		(537)		(34)		2,262
Total	$	93,162	$	11,534	$	(1,608)	$	(260)	$	102,828

(1)Includes capitalized interest of $0.8 million and $1.7 million for the quarter and six months ended June 30, 2020.

Investments In Unconsolidated Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2020

Investments In Unconsolidated Joint Ventures [Abstract]

Summary Of The Investments In Unconsolidated Joint Ventures And Entities



		June 30,		December 31,
(Dollars in thousands)	Interest	2020		2019
Rialto Cinemas	50.0%	$	1,041	$	1,175
Mt. Gravatt	33.3%		3,515		3,894
Total investments		$	4,556	$	5,069

Summary Of Equity Earnings From Investments In Unconsolidated Joint Ventures



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Rialto Cinemas	$	(95)	$	71	$	(109)	$	14
Mt. Gravatt		(179)		256		(86)		347
Total equity earnings	$	(274)	$	327	$	(195)	$	361

Goodwill And Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill And Intangible Assets [Abstract]

Summary Of Goodwill



(Dollars in thousands)	Cinema		Real Estate		Total
Balance at December 31, 2019	$	21,224	$	5,224	$	26,448
Change in goodwill due to a purchase of a business combination		120		—		120
Foreign currency translation adjustment		(560)		—		(560)
Balance at June 30, 2020	$	20,784	$	5,224	$	26,008

Summary Of Intangible Assets Other Than Goodwill



	As of June 30, 2020
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	12,241	$	9,062	$	4,711	$	26,014
Less: Accumulated amortization		(10,161)		(7,224)		(4,080)		(21,465)
Net intangible assets other than goodwill	$	2,080	$	1,838	$	631	$	4,549



	As of December 31, 2019
(Dollars in thousands)	Beneficial ‎Leases		Trade ‎Name		Other ‎Intangible ‎Assets		Total
Gross carrying amount	$	15,048	$	7,258	$	3,145	$	25,451
Less: Accumulated amortization		(14,496)		(5,449)		(1,186)		(21,131)
Net intangible assets other than goodwill	$	552	$	1,809	$	1,959	$	4,320

Summary Of Amortization Expense



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Beneficial lease amortization	$	25	$	85	$	50	$	164
Other amortization		229		104		306		205
Total intangible assets amortization	$	254	$	189	$	356	$	369

Prepaid And Other Assets (Tables)

6 Months Ended

Jun. 30, 2020

Prepaid And Other Assets [Abstract]

Summary Of Prepaid And Other Assets



	June 30,		December 31,
(Dollars in thousands)	2020		2019
Prepaid and other current assets
Prepaid expenses	$	2,689	$	2,163
Prepaid rent		281		1,093
Prepaid taxes		2,220		912
Income taxes receivable		7,162		1,669
Deposits		245		214
Investment in marketable securities		26		47
Restricted cash		7		7
Total prepaid and other current assets	$	12,630	$	6,105
Other non-current assets
Straight-line rent		5,129		4,689
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
Total other non-current assets	$	7,109	$	6,668

Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt [Abstract]

Summary Of Borrowings



	As of June 30, 2020
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, ‎Net⁽¹⁾		Stated ‎Interest Rate	Effective ‎Interest ‎Rate
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	26,395	4.76%	4.76%
Bank of America Credit Facility (USA)	March 6, 2023		55,000		55,000		54,906	3.18%	3.18%
Bank of America Line of Credit (USA)	March 6, 2023		5,000		5,000		5,000	3.18%	3.18%
Cinemas 1, 2, 3 Term Loan (USA)	April 1, 2022		24,907		24,907		24,498	4.25%	4.25%
Minetta & Orpheum Theatres Loan (USA)⁽²⁾	November 1, 2023		8,000		8,000		7,900	2.22%	5.15%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,199		9,199		9,100	4.64% / 4.44%	4.61%
Purchase Money Promissory Note (USA)	September 18, 2024		3,045		3,045		3,045	5.00%	5.00%
Union Square Construction Financing (USA)	December 29, 2020		50,000		39,506		39,396	5.50%	5.50%
Denominated in foreign currency ("FC") ⁽³⁾
NAB Corporate Term Loan (AU)	December 31, 2023		82,716		82,716		82,553	1.29%	1.29%
Westpac Bank Corporate (NZ)	December 31, 2023		20,627		20,627		20,628	2.30%	2.30%
		$	286,407	$	275,913	$	273,421

(1)Net of deferred financing costs amounting to $2.5 million.

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

(3)

The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of June 30, 2020.



	As of December 31, 2019
(Dollars in thousands)	Maturity Date	Contractual ‎Facility		Balance, ‎Gross		Balance, Net⁽¹⁾		Stated ‎Interest ‎Rate	Effective Interest Rate
Denominated in USD
Trust Preferred Securities (USA)	April 30, 2027	$	27,913	$	27,913	$	26,311	5.94%	5.94%
Bank of America Credit Facility (USA)	March 6, 2023		55,000		33,500		33,445	4.80%	4.80%
Bank of America Line of Credit (USA)	March 6, 2023		5,000		—		—	4.80%	4.80%
Cinemas 1, 2, 3 Term Loan (USA)	April 1, 2022		18,658		18,658		18,532	3.25%	3.25%
Minetta & Orpheum Theatres Loan (USA)⁽²⁾	November 1, 2023		8,000		8,000		7,887	3.74%	5.15%
U.S. Corporate Office Term Loan (USA)	January 1, 2027		9,260		9,260		9,153	4.64% / 4.44%	4.64%
Union Square Construction Financing (USA)	December 29, 2020		50,000		36,048		36,035	6.02%	6.02%
Purchase Money Promissory Note (USA)	September 18, 2024		3,363		3,363		3,363	5.00%	5.00%
Denominated in foreign currency ("FC")⁽³⁾
NAB Corporate Term Loan (AU)	December 31, 2023		84,360		65,731		65,541	1.77%	1.77%
Westpac Bank Corporate (NZ)	December 31, 2023		21,584		6,745		6,745	3.05%	3.05%
Total		$	283,138	$	209,218	$	207,012

(1)Net of deferred financing costs amounting to $2.2 million.

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

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

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



	June 30,		December 31,
Balance Sheet Caption	2020		2019
Debt - current portion	$	40,331	$	36,736
Debt - long-term portion		203,650		140,602
Subordinated debt - current portion		644		644
Subordinated debt - long-term portion		28,796		29,030
Total borrowings	$	273,421	$	207,012

- 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=120391452&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=119993939&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=120395691&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-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
-SubTopic 10
-Section 50
-Paragraph 8
-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
-SubTopic 470
-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)

6 Months Ended

Jun. 30, 2020

Other Liabilities [Abstract]

Summary Of Other Liabilities Including Pension



	June 30,		December 31,
(Dollars in thousands)	2020		2019
Current liabilities
Lease liability	$	5,900	$	—
Liability for demolition costs		2,623		2,745
Accrued pension		684		684
Security deposit payable		109		114
Finance lease liabilities		51		93
Other		33		17
Other current liabilities	$	9,400	$	3,653
Other liabilities
Lease make-good provision		6,716		6,667
Accrued pension		4,261		4,469
Environmental reserve		1,656		1,656
Lease liability		—		5,900
Acquired leases		32		37
Finance lease liabilities		92		116
Other		978		9
Other liabilities	$	13,735	$	18,854

Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2020

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, 2020	$	8,118	$	10	$	(2,287)	$	(252)	$	5,589

Change related to derivatives
Total change in hedge fair value recorded in Other Comprehensive Income		—		—		—		(285)		(285)
Other comprehensive income before reclassifications								—		—
Amounts reclassified from accumulated other comprehensive income		—		—		—		80		80
Net change related to derivatives		—		—		—		(205)		(205)

Net current-period other comprehensive income (loss)		(5,051)		(19)		103		(205)		(5,172)
Balance at June 30, 2020	$	3,067	$	(9)	$	(2,184)	$	(457)	$	417

Non-controlling Interests (Tables)

6 Months Ended

Jun. 30, 2020

Non-controlling Interests [Abstract]

Components Of Non-controlling Interests



	June 30,		December 31,
(Dollars in thousands)	2020		2019
Australian Country Cinemas, Pty Ltd	$	64	$	119
Shadow View Land and Farming, LLC		2,102		2,145
Sutton Hill Properties, LLC		1,826		2,003
Noncontrolling interests in consolidated subsidiaries	$	3,992	$	4,267

Components Of Income Attributable To Non-controlling Interest



	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Australian Country Cinemas, Pty Ltd	$	(45)	$	28	$	(46)	$	36
Shadow View Land and Farming, LLC		(22)		(20)		(43)		(34)
Sutton Hill Properties, LLC		(118)		(45)		(177)		(55)
Net income (loss) attributable to noncontrolling interests	$	(185)	$	(37)	$	(266)	$	(53)

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


	Common Shares								Retained				Accumulated		Reading
	Class A	Class A		Class B	Class B		Additional		Earnings				Other		International Inc.				Total
	Non-Voting	Par		Voting	Par		Paid-In		(Accumulated		Treasury		Comprehensive		Stockholders’		Noncontrolling		Stockholders’
(Dollars in thousands, except shares)	Shares	Value		Shares	Value		Capital		Deficit)		Shares		Income (Loss)		Equity		Interests		Equity
At January 1, 2020	20,103	$	231	1,680	$	17	$	148,602	$	20,647	$	(39,737)	$	5,589	$	135,349	$	4,267	$	139,616
Net income (loss)	—		—	—		—		—		(5,875)		—		—		(5,875)		(81)		(5,956)
Other comprehensive income, net	—		—	—		—		—		—		—		(15,879)		(15,879)		(18)		(15,897)
Share-based compensation expense	—		—	—		—		336		—		—		—		336		—		336
Share repurchase plan	(75)		—	—		—		—		—		(670)		—		(670)		—		(671)
In-kind exchange of share for the exercise of options, net issued	—		—	—		—		—		—		—		—		—		—		—
Restricted Stock Units	19			—		—		(30)		—		—		—		(30)		—		(30)
Contributions from noncontrolling stockholders	—		—	—		—		—		—		—		—		—		—		—
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		—		—
At March 31, 2020	20,047	$	231	1,680	$	17	$	148,908	$	14,772	$	(40,407)	$	(10,290)	$	113,231	$	4,168	$	117,399
Net income	—		—	—		—		—		(22,702)		—		—		(22,702)		(185)		(22,887)
Other comprehensive income, net	—		—	—		—		—		—		—		10,707		10,707		9		10,716
Share-based compensation expense	—		—	—		—		369		—		—		—		369		—		369
Share repurchase plan	—		—	—		—		—		—		0		—		0		—		0
Class A common stock issued for share-based bonuses and options exercised	—		—	—		—		—		—		—		—		—		—		—
In-kind exchange of share for the exercise of options, net issued	—		—	—		—		—		—		—		—		—		—		—
Restricted Stock Units	21			—		—		(11)		—		—		—		(11)		—		(11)
Contributions from noncontrolling stockholders	—		—	—		—		—		—		—		—		—		—		—
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		—		—
At June 30, 2020	20,068		231	1,680		17		149,266		(7,930)		(40,407)		417		101,594		3,992		105,586


	Common Shares								Retained				Accumulated		Reading
	Class A	Class A		Class B	Class B		Additional		Earnings				Other		International Inc.				Total
	Non-Voting	Par		Voting	Par		Paid-In		(Accumulated		Treasury		Comprehensive		Stockholders’		Noncontrolling		Stockholders’
(Dollars in thousands, except shares)	Shares	Value		Shares	Value		Capital		Deficit)		Shares		Income (Loss)		Equity		Interests		Equity
At January 1, 2019	21,195	$	232	1,680	$	17	$	147,452	$	47,048	$	(25,222)	$	6,115	$	175,642	$	4,337	$	179,979
Net income (loss)	—		—	—		—		—		(2,124)		—		—		(2,124)		(16)		(2,140)
Adjustments to opening retained earnings on adoption of ASC 842	—		—	—		—		—		28		—		—		28		(46)		(18)
Other comprehensive income, net	—		—	—		—		—		—		—		1,510		1,510		1		1,511
Share-based compensation expense	—		—	—		—		280		—		—		—		280		—		280
Share repurchase plan	—		—	—		—		—		—		(9)		—		(9)		—		(9)
Class A common stock issued for share-based bonuses and options exercised	—		—	—		—		(185)		—		—		—		(185)		—		(185)
Restricted Stock Units	40		1	—		—		(75)		—		—		—		(74)		—		(74)
Contributions from noncontrolling stockholders	—		—	—		—		—		—		—		—		—		18		18
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		(27)		(27)
At March 31, 2019	21,235	$	233	1,680	$	17	$	147,472	$	44,952	$	(25,231)	$	7,625	$	175,068	$	4,267	$	179,335
Net income	—		—	—		—		—		2,331		—		—		2,331		(37)		2,294
Other comprehensive income, net	—		—	—		—		—		—		—		(2,346)		(2,346)		(1)		(2,347)
Share-based compensation expense	—		—	—		—		400		—		—		—		400		—		400
Share repurchase plan	(197)		—	—		—		—		—		(2,622)		—		(2,622)		—		(2,622)
Class A common stock issued for share-based bonuses and options exercised	—		—	—		—		—		—		—		—		—		—		—
In-kind exchange of share for the exercise of options, net issued	—		—	—		—		—		—		—		—		—		—		—
Restricted Stock Units	33		—	—		—		(31)		—		—		—		(31)		—		(31)
Contributions from noncontrolling stockholders	—		—	—		—		—		—		—		—		—		9		9
Distributions to noncontrolling stockholders	—		—	—		—		—		—		—		—		—		(15)		(15)
At June 30, 2019	21,071	$	233	1,680	$	17	$	147,841	$	47,283	$	(27,853)	$	5,279	$	172,800	$	4,223	$	177,023

‎

Stock-Based Compensation And Share Repurchases (Tables)

6 Months Ended

Jun. 30, 2020

Stock-Based Compensation And Share Repurchases [Abstract]

Schedule Of Fair Value Of Options, Weighted Average Assumptions



	Six Months Ended June 30,
	2020		2019
Stock option exercise price	$	—	$	16.12
Risk-free interest rate		—		2.42%
Expected dividend yield		—		—
Expected option life in years		—		3.75
Expected volatility		—		23.32%
Weighted average fair value	$	—	$	3.50

Summary Of Stock Options Outstanding And Exercisable



	Outstanding Stock Options - Class A Shares
	Number ‎of Options	Weighted ‎Average ‎Exercise Price		Weighted ‎Average ‎Remaining ‎Years of ‎Contractual ‎Life	Aggregate ‎Intrinsic ‎Value
	Class A	Class A		Class A	Class A
Balance - December 31, 2018	586,469	$	14.01	2.88	$	1,530,528
Granted	219,408		16.12	—		—
Exercised	(69,500)		13.42	—		185,175
Forfeited	(25,000)		13.42	—		—
Balance - December 31, 2019	711,377	$	14.74	2.79	$	136,350
Granted	—		—	—		—
Exercised	—		—	—		—
Forfeited	(8,000)		12.34	—		—
Balance - June 30, 2020	703,377	$	14.79	1.57	$	—

Schedule Of Restricted Stock Units Issued And Vested



	Outstanding Restricted Stock Units
	RSU Grants (in units)			Vested,	Unvested,	Forfeited,
Grant Date	Directors	Management	Total ‎Grants	June 30, 2020	June 30, 2020	June 30, 2020
March 10, 2016	35,147	27,381	62,528	62,262	—	266
April 11, 2016	—	5,625	5,625	5,108	—	517
March 23, 2017	30,681	32,463	63,144	54,196	8,416	532
August 29, 2017	—	7,394	7,394	5,546	1,848
January 2, 2018	29,393	—	29,393	29,393	—
April 12, 2018	—	29,596	29,596	14,553	14,268	775
April 13, 2018	—	14,669	14,669	7,336	7,333
July 6, 2018	—	932	932	—	—	932
November 7, 2018	23,010	—	23,010	23,010	—
March 13, 2019	—	24,366	24,366	5,316	15,946	3,104
March 14, 2019	—	23,327	23,327	5,832	17,495
May 7, 2019	11,565	—	11,565	11,565	—
March 10, 2020	—	287,163	287,163	—	287,163

Total	129,796	452,916	582,712	224,117	352,469	6,126

Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Components Of Lease Expense


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	24	$	41	$	64	$	82
Interest on lease liabilities		2		4		5		7
Operating lease cost		8,079		7,899		16,099		15,784
Variable lease cost		(833)		517		(652)		619
Total lease cost	$	7,272	$	8,461	$	15,515	$	16,492

Supplemental Cash Flow Information Related To Leases


	Six Months Ended
	June 30,
(Dollars in thousands)	2020		2019
Cash flows relating to lease cost
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	68	$	87
Operating cash flows for operating leases		8,436		15,531
Right-of-use assets obtained in exchange for new finance lease liabilities		—		—
Right-of-use assets obtained in exchange for new operating lease liabilities		179		5,760

Supplemental Balance Sheet Information Related To Leases


	June 30,		December 31,
(Dollars in thousands)	2020		2019
Operating leases
Operating lease right-of-use assets	$	217,692	$	229,879
Operating lease liabilities - current portion		21,091		20,379
Operating lease liabilities - non-current portion		210,560		223,164
Total operating lease liabilities	$	231,651	$	243,543
Finance leases
Property plant and equipment, gross		366		370
Accumulated depreciation		(228)		(165)
Property plant and equipment, net	$	138	$	205
Other current liabilities		51		93
Other long-term liabilities		92		116
Total finance lease liabilities	$	143	$	209

Other information
Weighted-average remaining lease term - finance leases		3		3
Weighted-average remaining lease term - operating leases		11		11
Weighted-average discount rate - finance leases		5.25%		5.13%
Weighted-average discount rate - operating leases		4.78%		4.86%

Maturity Of Leases As Lessee


(Dollars in thousands)	Operating ‎leases		Finance ‎leases
2020	$	15,819	$	31
2021		32,010		53
2022		32,018		42
2023		31,292		28
2024		29,466		—
Thereafter		159,647		—
Total lease payments	$	300,252	$	154
Less imputed interest		(68,601)		(11)
Total	$	231,651	$	143

Components Of Lease Income


	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2020		2019		2020		2019
Components of lease income
Lease payments	$	2,245	$	2,344	$	4,566	$	4,573
Variable lease payments		(364)		331		(201)		596
Total lease income	$	1,881	$	2,675	$	4,365	$	5,169

Book Value Of Assets Under Operating Leases From Owned Assets


	June 30,		December 31,
(Dollars in thousands)	2020		2019
Building and improvements
Gross balance	$	69,123	$	67,766
Accumulated depreciation		(20,677)		(20,220)
Net Book Value	$	48,446	$	47,546

Maturity Of Leases As Lessor


(Dollars in thousands)	Operating ‎leases
2020	$	3,890
2021		7,552
2022		6,780
2023		6,106
2024		5,208
Thereafter		7,634
Total	$	37,170

Hedge Accounting (Tables)

6 Months Ended

Jun. 30, 2020

Hedge Accounting [Abstract]

Schedule Of Derivative Instruments On The Balance Sheet At Fair Value


	Liability Derivatives
	June 30,			December 31,
	2020			2019
(Dollars in thousands)	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate contracts	Derivative financial instruments - current portion	$	218	Derivative financial instruments - current portion	$	109
	Derivative financial instruments - non-current portion		329	Derivative financial instruments - non-current portion		233
Total derivatives designated as hedging instruments		$	547		$	342
Total derivatives		$	547		$	342

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
		Quarter Ended June 30, 2020				Six Months Ended June 30, 2020
			2020		2019		2020		2019
Interest rate contracts	Interest expense	$	52	$	13	$	80	$	24
Total		$	52	$	13	$	80	$	24

Summary Of Hedged Transactions That Affect Earnings


	Loss Recognized in OCI on Derivatives (Effective Portion)
(Dollars in thousands)	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2020		2019		2020		2019
Interest rate contracts	$	52	$	134	$	285	$	215
Total	$	52	$	134	$	285	$	215

	Loss Reclassified from AOCI into Income (Effective Portion)
Line Item	Amount				Amount
	Quarter Ended June 30				Six Months Ended June 30
		2020		2019		2020		2019
Interest expense	$	52	$	13	$	80	$	24
Total	$	52	$	13	$	80	$	24

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Measurements [Abstract]

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



			Fair Value Measurement at June 30, 2020
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	244,955	$	—	$	—	$	248,948	$	248,948
Subordinated debt		30,958		—		—		20,722		20,722
	$	275,913	$	—	$	—	$	269,670	$	269,670



			Fair Value Measurement at December 31, 2019
(Dollars in thousands)	Carrying ‎Value⁽¹⁾		Level 1		Level 2		Level 3		Total
Notes payable	$	177,942	$	—	$	—	$	181,916	$	181,916
Subordinated debt		31,276		—		—		22,132		22,132
	$	209,218	$	—	$	—	$	204,048	$	204,048

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

Business Combinations (Tables)

6 Months Ended

Jun. 30, 2020

Devonport, Tasmania, Australia [Member]

Schedule Of Purchase Price Allocation


(Dollars in thousands)	Preliminary Purchase Price Allocation⁽¹⁾		Measurement Period Adjustments⁽²⁾		Final Purchase Price Allocation⁽¹⁾
Tangible Assets
Operating property:
Fixtures and equipment	$	153	$	—	$	153
Intangible Assets
Goodwill		1,248		(23)		1,225
Total assets acquired		1,401		(23)		1,378

Net assets acquired	$	1,401	$	(23)	$	1,378

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

(2)The measurement period adjustments relate to finalization of immaterial employee obligations.

State Cinema Hobart, Tasmania, Australia [Member]

Schedule Of Purchase Price Allocation


(Dollars in thousands)	Preliminary Purchase Price Allocation⁽¹⁾		Measurement Period Adjustments		Final Purchase Price Allocation⁽¹⁾
Tangible Assets
Operating property:
Fixtures and equipment	$	481		(119)	$	362
Deferred tax		5		—		5
Current assets:
Inventory		333		—		333

Intangible Assets
Brand name		—		250		250
Liquor license				1		1
Goodwill		5,617		(132)		5,485
Total assets acquired		6,436		—		6,436

Liabilities
Employee liabilities		(20)		—		(20)
Deferred revenue balances		(236)		—		(236)
Total liabilities acquired		(256)		—		(256)

Net assets acquired	$	6,180		—	$	6,180

(1)The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, December 5, 2019.

Description Of Business And Segment Reporting (Summary Of Results Of Operations For Principal Business Segments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 3,422	$ 76,009	$ 52,650	$ 137,501
Segment operating income (loss)	(22,195)	5,730	(29,235)	4,370
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	3,422	76,009	52,650	137,501
Segment operating income (loss)	(18,061)	10,527	(20,528)	14,269
Intersegment Eliminations [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	(98)	(1,851)	(1,782)	(3,716)
Cinema Exhibition [Member] \| Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	1,217	72,296	47,527	130,223
Segment operating income (loss)	(17,254)	9,182	(19,908)	11,767
Real Estate [Member] \| Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	2,303	5,564	6,905	10,994
Segment operating income (loss)	$ (807)	$ 1,345	$ (620)	$ 2,502

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 280
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-Section 50
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

+ Details

Description Of Business And Segment Reporting (Reconciliation To Net Income Attributable To Common Shareholders) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Operating income (loss)	$ (22,195)	$ 5,730	$ (29,235)	$ 4,370
Depreciation and amortization expense	(5,266)	(5,572)	(10,537)	(11,166)
General and administrative expense	(5,102)	(6,034)	(11,047)	(12,518)
Equity earnings of unconsolidated joint ventures	(274)	327	(195)	361
Other income (expense)	19	71	(196)	50
Income (loss) before income taxes	(24,454)	3,924	(33,423)	727
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	(18,061)	10,527	(20,528)	14,269
Unallocated Corporate Expense [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expense	(227)	(127)	(419)	(188)
General and administrative expense	(3,907)	(4,670)	(8,288)	(9,710)
Interest expense, net	$ (2,004)	$ (2,204)	$ (3,797)	$ (4,055)

Summary Of Significant Accounting Policies (Narrative) (Details)	9 Months Ended
	Sep. 30, 2019 USD ($)
Tax Year 2019 [Member]
Summary Of Significant Accounting Policies [Line Items]
Prior period immaterial error amount	$ 993,000

Summary Of Significant Accounting Policies (Accounting Changes To Consolidated Statements Of Income) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 3,422		$ 76,009		$ 52,650	$ 137,501
Operating income (loss)	(22,195)		5,730		(29,235)	4,370
Income (loss) before income taxes	(24,454)		3,924		(33,423)	727
Income tax (expense) benefit	1,567		(1,630)		4,580	(573)
Net income (loss)	(22,887)	$ (5,956)	2,294	$ (2,140)	(28,843)	154
Net income (loss) attributable to Reading International, Inc. common shareholders	$ (22,702)		$ 2,331		$ (28,577)	$ 207
Basic earnings (loss) per share	$ (1.04)		$ 0.10		$ (1.31)	$ 0.01
Diluted earnings (loss) per share	$ (1.04)		$ 0.10		$ (1.31)	$ 0.01
Cinema [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 1,217		$ 72,296		$ 47,527	$ 130,223
Tax Year 2019 [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue			76,009			137,501
Operating income (loss)			5,730			4,370
Income (loss) before income taxes			3,924			727
Income tax (expense) benefit			(1,630)			(573)
Net income (loss)			2,294			154
Net income (loss) attributable to Reading International, Inc. common shareholders			$ 2,331			$ 207
Basic earnings (loss) per share			$ 0.10			$ 0.01
Diluted earnings (loss) per share			$ 0.10			$ 0.01
Tax Year 2019 [Member] \| Cinema [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue			$ 72,296			$ 130,223
Tax Year 2019 [Member] \| As Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue			76,096			137,646
Operating income (loss)			5,817			4,515
Income (loss) before income taxes			4,011			872
Income tax (expense) benefit			(1,654)			(612)
Net income (loss)			2,357			260
Net income (loss) attributable to Reading International, Inc. common shareholders			$ 2,394			$ 313
Basic earnings (loss) per share			$ 0.10			$ 0.01
Diluted earnings (loss) per share			$ 0.10			$ 0.01
Tax Year 2019 [Member] \| As Reported [Member] \| Cinema [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue			$ 72,383			$ 130,368
Tax Year 2019 [Member] \| Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue			(87)			(145)
Operating income (loss)			(87)			(145)
Income (loss) before income taxes			(87)			(145)
Income tax (expense) benefit			24			39
Net income (loss)			(63)			(106)
Net income (loss) attributable to Reading International, Inc. common shareholders			$ (63)			$ (106)
Basic earnings (loss) per share			$ 0.00			$ 0.00
Diluted earnings (loss) per share			$ 0.00			$ 0.00
Tax Year 2019 [Member] \| Adjustments [Member] \| Cinema [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue			$ (87)			$ (145)

Summary Of Significant Accounting Policies (Accounting Changes To Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Balance	$ 117,399	$ 139,616	$ 179,335	$ 179,979	$ 139,616	$ 179,979
Net income (loss) attributable to Reading International, Inc. common shareholders	(22,887)	(5,956)	2,294	(2,140)	(28,843)	154
Balance	105,586	117,399	177,023	179,335	105,586	177,023
Reading International Inc. Stockholders' Equity [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Balance	113,231	135,349	175,068	175,642	135,349	175,642
Net income (loss) attributable to Reading International, Inc. common shareholders	(22,702)	(5,875)	2,331	(2,124)
Balance	$ 101,594	$ 113,231	172,800	175,068	$ 101,594	172,800
Tax Year 2019 [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Balance				179,979		179,979
Net income (loss) attributable to Reading International, Inc. common shareholders			2,294			154
Balance			177,023			177,023
Tax Year 2019 [Member] \| As Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Balance				180,547		180,547
Net income (loss) attributable to Reading International, Inc. common shareholders			2,357			260
Balance			177,697			177,697
Tax Year 2019 [Member] \| Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Balance				$ (568)		(568)
Net income (loss) attributable to Reading International, Inc. common shareholders			(63)			(106)
Balance			$ (674)			$ (674)

- Definition

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

+ References

+ Details

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=115929471&loc=d3e21930-107793

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Summary Of Significant Accounting Policies (Accounting Changes To Consolidated Statements Of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)	$ (22,887)	$ (5,956)	$ 2,294	$ (2,140)	$ (28,843)	$ 154
Change in net deferred tax assets						(69)
Accounts payable and accrued expenses					1,300	(3,282)
Net cash provided by operating activities					$ (23,126)	3,058
Tax Year 2019 [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
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Accounts payable and accrued expenses						(3,282)
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Tax Year 2019 [Member] \| As Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
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Accounts payable and accrued expenses						(3,427)
Net cash provided by operating activities						3,058
Tax Year 2019 [Member] \| Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)			$ (63)			(106)
Change in net deferred tax assets						(39)
Accounts payable and accrued expenses						$ 145

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

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Impact of COVID-19 Pandemic And Liquidity (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020 USD ($) item	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)
Impact Of Covid [Line Items]
Impairment of property			$ 0
Goodwill impairment			0
Working capital	$ 54,900,000		54,900,000
Revenue	$ 3,422,000	$ 76,009,000	$ 52,650,000	$ 137,501,000
Melbourne, Victoria [Member]
Impact Of Covid [Line Items]
Number of cinemas closed \| item	7
COVID-19 [Member]
Impact Of Covid [Line Items]
Revenue	$ 0

- Definition

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Operations In Foreign Currency (Summary Of Currency Exchange Rates) (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Australian Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6893	0.7009	0.6893	0.7009	0.7030
Australian Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6576	0.7001	0.6577	0.7062	0.6954
New Zealand Dollar [Member] \| Spot Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6446	0.6711	0.6446	0.6711	0.6745
New Zealand Dollar [Member] \| Average Rate [Member]
Currency Exchange Rates [Line Items]
Foreign currency exchange rate	0.6183	0.6626	0.6266	0.6721	0.6593

Earnings Per Share (Narrative) (Details) - Class A [Member]	6 Months Ended
	Jun. 30, 2020 $ / shares shares
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table]
Stock Repurchased During Period, Shares	75,157
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares repurchased plan, shares	75,157
Share price \| $ / shares	$ 8.92

Earnings Per Share (Computation Of Basic And Diluted Earnings (Loss) Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income (loss) attributable to RDI common stockholders	$ (22,702)	$ 2,331	$ (28,577)	$ 207
Weighted average shares of common stock – basic	21,742,667	22,894,083	21,749,356	22,901,764
Weighted average dilutive impact of awards	352,469	165,650	352,859	172,909
Weighted average number of common stock – diluted	22,095,136	23,059,733	22,102,215	23,074,673
Basic earnings (loss) per share attributable to RDI common stockholders	$ (1.04)	$ 0.10	$ (1.31)	$ 0.01
Diluted earnings (loss) per share attributable to RDI common stockholders	$ (1.04)	$ 0.10	$ (1.31)	$ 0.01
Awards excluded from diluted earnings (loss) per share	678,377	516,010	703,377	516,010

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

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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

Property And Equipment (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Aug. 28, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Property, Plant and Equipment [Line Items]
Depreciation expense for operating property		$ 5.0	$ 5.4	$ 10.2	$ 10.8
Capitalized interest		$ 0.8		$ 1.7
Village East Cinema, Manhattan [Member]
Property, Plant and Equipment [Line Items]
Payment to acquire property	$ 5.9

Property And Equipment (Schedule Of Property And Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property And Equipment [Abstract]
Land	$ 72,791	$ 75,663
Building and improvements	145,769	149,852
Leasehold improvements	57,110	56,912
Fixtures and equipment	184,814	186,949
Construction-in-progress	10,689	5,484
Total cost	471,173	474,860
Less: accumulated depreciation	(223,843)	(216,722)
Operating property, net	$ 247,330	$ 258,138

Property And Equipment (Summary Of Investment And Development Property) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Investment and development property	$ 119,667	$ 114,024
Land [Member]
Property, Plant and Equipment [Line Items]
Investment and development property	25,628	24,446
Building [Member]
Property, Plant and Equipment [Line Items]
Investment and development property	1,900	1,900
Construction-In-Progress (Including Capitalized Interest) [Member]
Property, Plant and Equipment [Line Items]
Investment and development property	$ 92,139	$ 87,678

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

3 Months Ended

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Line Items]

Balance

$ 5,484

Balance

$ 10,689

10,689

Capitalized interest

800

1,700

Operating And Investing Properties [Member]

Property, Plant and Equipment [Line Items]

Balance

93,162

Additions during the period

^[1]

11,534

Completed during the period

(1,608)

Foreign currency translation

(260)

Balance

102,828

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

Property, Plant and Equipment [Line Items]

Balance

81,934

Additions during the period

^[1]

4,468

Balance

86,402

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

Property, Plant and Equipment [Line Items]

Balance

6,364

Additions during the period

^[1]

419

Foreign currency translation

(272)

Balance

6,511

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

Property, Plant and Equipment [Line Items]

Balance

3,032

Additions during the period

^[1]

5,646

Completed during the period

(1,071)

Foreign currency translation

Balance

7,653

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

Property, Plant and Equipment [Line Items]

Balance

1,832

Additions during the period

^[1]

1,001

Completed during the period

(537)

Foreign currency translation

(34)

Balance

$ 2,262

[1]	Includes capitalized interest of $0.8 million and $1.7 million for the quarter and six months ended June 30, 2020.

Investments In Unconsolidated Joint Ventures (Narrative) (Details)	Jun. 30, 2020 item
Investments In Unconsolidated Joint Ventures [Abstract]
Number of joint venture investments	2

Investments In Unconsolidated Joint Ventures (Summary Of The Investments In Unconsolidated Joint Ventures And Entities) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Total investments	$ 4,556	$ 5,069
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Interest	50.00%
Total investments	$ 1,041	1,175
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Interest	33.30%
Total investments	$ 3,515	$ 3,894

Investments In Unconsolidated Joint Ventures (Summary Of Equity Earnings From Investments In Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Schedule of Equity Method Investments [Line Items]
Total equity earnings	$ (274)	$ 327	$ (195)	$ 361
Rialto Cinemas [Member]
Schedule of Equity Method Investments [Line Items]
Total equity earnings	(95)	71	(109)	14
Mt. Gravatt [Member]
Schedule of Equity Method Investments [Line Items]
Total equity earnings	$ (179)	$ 256	$ (86)	$ 347

Goodwill And Intangible Assets (Narrative) (Details)	6 Months Ended
Goodwill And Intangible Assets (Narrative) (Details)	Jun. 30, 2020
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	6 Months Ended
	Jun. 30, 2020 USD ($)
Goodwill [Line Items]
Beginning balance	$ 26,448
Change in goodwill due to a purchase of business combination	120
Foreign currency translation adjustment	(560)
Ending balance	26,008
Cinema [Member]
Goodwill [Line Items]
Beginning balance	21,224
Change in goodwill due to a purchase of business combination	120
Foreign currency translation adjustment	(560)
Ending balance	20,784
Real Estate [Member]
Goodwill [Line Items]
Beginning balance	5,224
Ending balance	$ 5,224

Goodwill And Intangible Assets (Summary Of Intangible Assets Other Than Goodwill) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 26,014	$ 25,451
Less: Accumulated amortization	(21,465)	(21,131)
Net intangible assets other than goodwill	4,549	4,320
Beneficial Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	12,241	15,048
Less: Accumulated amortization	(10,161)	(14,496)
Net intangible assets other than goodwill	2,080	552
Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	9,062	7,258
Less: Accumulated amortization	(7,224)	(5,449)
Net intangible assets other than goodwill	1,838	1,809
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	4,711	3,145
Less: Accumulated amortization	(4,080)	(1,186)
Net intangible assets other than goodwill	$ 631	$ 1,959

Goodwill And Intangible Assets (Summary Of Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	$ 254	$ 189	$ 356	$ 369
Beneficial Lease Amortization [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	25	85	50	164
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization	$ 229	$ 104	$ 306	$ 205

Prepaid And Other Assets (Summary Of Prepaid And Other Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Prepaid And Other Assets [Abstract]
Prepaid expenses	$ 2,689	$ 2,163
Prepaid rent	281	1,093
Prepaid taxes	2,220	912
Income taxes receivable	7,162	1,669
Deposits	245	214
Investment in marketable securities	26	47
Restricted cash	7	7
Total prepaid and other current assets	12,630	6,105
Straight-line rent asset	5,129	4,689
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
Total other non-current assets	$ 7,109	$ 6,668

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Mar. 31, 2020
Income Taxes [Abstract]
Federal tax rate			35.00%
Net operating loss carry forwards				$ 3.6
Effective tax rate	13.70%	78.80%

Debt (Impact of COVID-19) (Narrative) (Details)	6 Months Ended
Debt (Impact of COVID-19) (Narrative) (Details)	Jun. 30, 2020 item
Debt [Abstract]
Number of convenant breaches	0

Debt (Bank Of America Credit Facility) (Narrative) (Details) - USD ($) $ in Thousands			6 Months Ended	12 Months Ended
	Aug. 07, 2020	Mar. 06, 2020	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Contractual facility			$ 286,407	$ 283,138
Bank Of America Credit Facility [Member]
Debt Instrument [Line Items]
Contractual facility		$ 55,000	$ 55,000	$ 55,000
Maturity date		Mar. 06, 2023	Mar. 06, 2023	Mar. 06, 2023
Minimum [Member] \| Bank Of America Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate		2.50%
Maximum [Member] \| Bank Of America Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate		3.00%
Subsequent Event [Member] \| Bank Of America Credit Facility [Member]
Debt Instrument [Line Items]
Spread over LIBOR	1.00%
Subsequent Event [Member] \| Bank Of America Credit Facility [Member] \| Eurodollar [Member]
Debt Instrument [Line Items]
Spread over LIBOR	3.00%

Debt (Bank Of America Line Of Credit) (Narrative) (Details) - USD ($) $ in Thousands			6 Months Ended	12 Months Ended
	Aug. 07, 2020	Mar. 06, 2020	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Contractual facility			$ 286,407	$ 283,138
Bank Of America Line Of Credit [Member]
Debt Instrument [Line Items]
Maturity date		Mar. 06, 2023	Mar. 06, 2023	Mar. 06, 2023
Contractual facility		$ 5,000	$ 5,000	$ 5,000
Subsequent Event [Member] \| Bank Of America Line Of Credit [Member]
Debt Instrument [Line Items]
Spread over LIBOR	1.00%

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

6 Months Ended

12 Months Ended

Oct. 12, 2018

Jun. 30, 2020

Dec. 31, 2019

Dec. 31, 2018

Debt Instrument [Line Items]

Loan amount

$ 286,407

$ 283,138

Minetta And Orpheum Theatres Loan [Member]

Debt Instrument [Line Items]

Loan amount

$ 8,000

^[1]

$ 8,000

^[1]

$ 7,500

Minetta And Orpheum Theatres Loan [Member] | Santander Bank [Member]

Debt Instrument [Line Items]

Loan amount

$ 8,000

Debt instrument term

5 years

[1]	The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 5.15%.

Debt (44 Union Square Construction Financing) (Narrative) (Details) $ in Thousands				6 Months Ended		12 Months Ended
	Jan. 24, 2020 item	Aug. 08, 2019 USD ($)	Dec. 29, 2016 USD ($) loan	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2016 USD ($)
Debt Instrument [Line Items]
Contractual facility				$ 286,407		$ 283,138
Repayment of long-term borrowings				$ 22,311	$ 14,945
44 Union Square [Member]
Debt Instrument [Line Items]
Contractual facility			$ 57,500
Number of extension options \| item	2
Number of extension options exercised \| item	1
Maturity date				Dec. 29, 2020
44 Union Square [Member] \| Bank Of The Ozarks [Member]
Debt Instrument [Line Items]
Number of loan tranches \| loan			3
Facility Limit			$ 50,000
44 Union Square [Member] \| Tammany Mezz Investor, LLC [Member] \| Mezzanine Loan [Member]
Debt Instrument [Line Items]
Contractual facility			$ 7,500
Repayment of long-term borrowings		$ 7,500
44 Union Square [Member] \| Tammany Mezz Investor, LLC [Member] \| Senior Loan [Member]
Debt Instrument [Line Items]
Advanced-to-Date							$ 8,000
Facility Limit							$ 8,000

Debt (U.S. Corporate Office Term Loan) (Narrative) (Details) - USD ($) $ in Thousands			6 Months Ended	12 Months Ended
	Jun. 26, 2017	Dec. 13, 2016	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Contractual facility			$ 286,407	$ 283,138
U.S. Corporate Office Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument term		10 years
Contractual facility		$ 8,400	$ 9,199	$ 9,260
Interest rate	4.44%	4.64%
Debt increase	$ 1,500

Debt (Cinema 1, 2, 3 Term Loan) (Narrative) (Details) $ in Thousands			6 Months Ended	12 Months Ended
	Mar. 13, 2020 USD ($)	Mar. 12, 2020 USD ($)	Jun. 30, 2020 USD ($) item	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
Contractual facility			$ 286,407	$ 283,138
Sutton Hill Properties LLC [Member]
Debt Instrument [Line Items]
Ownership percentage by parent			75.00%
US Cinema 1, 2, 3 Term Loan [Member]
Debt Instrument [Line Items]
Contractual facility	$ 25,000	$ 20,000	$ 24,907	$ 18,658
Interest rate	4.25%
Number of extension options \| item			2
Extension period			6 months
Maturity date	Apr. 01, 2022		Apr. 01, 2022	Apr. 01, 2022

Debt (Purchase Money Promissory Note) (Narrative) (Details) - USD ($) $ in Thousands		6 Months Ended		12 Months Ended
	Sep. 18, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Payment to repurchase common stocks		$ 989	$ 2,631
Purchase Money Promissory Note [Member]
Debt Instrument [Line Items]
Maturity date	Sep. 18, 2024	Sep. 18, 2024		Sep. 18, 2024
Interest rate	5.00%
Payment to repurchase shares	$ 3,500
Class A [Member]
Debt Instrument [Line Items]
Shares repurchased plan, shares		75,157
Class A [Member] \| Purchase Money Promissory Note [Member]
Debt Instrument [Line Items]
Shares repurchased plan, shares	407,000
Payment to repurchase common stocks	$ 5,500

Debt (Westpac Bank Corporate Credit Facility (NZ)) (Narrative) (Details)
$ in Thousands, $ in Millions

6 Months Ended

12 Months Ended

Dec. 20, 2018

NZD ($)

Dec. 19, 2018

NZD ($)

Jun. 30, 2020

USD ($)

Dec. 31, 2019

USD ($)

Jul. 27, 2020

Jul. 01, 2020

NZD ($)

Jul. 01, 2020

USD ($)

Debt Instrument [Line Items]

Contractual facility

$ 286,407

$ 283,138

Westpac Bank Corporate Credit Facility [Member]

Debt Instrument [Line Items]

Contractual facility

$ 20,627

^[1]

$ 21,584

^[2]

Maturity date

Dec. 31, 2023

^[1]

Dec. 31, 2023

^[2]

Interest rate

1.10%

Westpac Bank Corporate Credit Facility, Tranche 1 [Member]

Debt Instrument [Line Items]

Contractual facility

$ 32.0

$ 35.0

Westpac Bank Corporate Credit Facility, Tranche 1 [Member] | Bank Bill Swap Bid Rate [Member]

Debt Instrument [Line Items]

Interest rate

1.75%

Westpac Bank Corporate Credit Facility, Tranche 2 [Member]

Debt Instrument [Line Items]

Contractual facility

$ 18.0

Subsequent Event [Member] | Westpac Bank Corporate Credit Facility [Member]

Debt Instrument [Line Items]

Interest rate

1.65%

Cash transferred to a term deposit

$ 16.0

$ 10,300

Subsequent Event [Member] | Westpac Bank Corporate Credit Facility [Member] | Bank Bill Swap Bid Rate [Member]

Debt Instrument [Line Items]

Interest rate

2.40%

[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 June 30, 2020.
[2]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2019.

Debt (Australian NAB Corporate Term Loan (AU)) (Narrative) (Details) - AUD ($) $ in Millions				6 Months Ended
	Aug. 06, 2020	Mar. 15, 2019	Dec. 17, 2018	Jun. 30, 2020	Dec. 31, 2019
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%
Subsequent Event [Member] \| NAB Australian Corporate Term Loan And Revolver [Member]
Debt Instrument [Line Items]
Spread on variable interest rate	1.75%

Debt (Summary Of Borrowings) (Details) - USD ($)
$ in Thousands

6 Months Ended

12 Months Ended

Mar. 13, 2020

Mar. 12, 2020

Mar. 06, 2020

Sep. 18, 2019

Dec. 13, 2016

Jun. 30, 2020

Dec. 31, 2019

Dec. 31, 2018

Debt Instrument [Line Items]

Contractual Facility

$ 286,407

$ 283,138

Balance Gross

275,913

209,218

Balance Net

273,421

^[1]

207,012

^[2]

Deferred financing costs, net

$ 2,500

$ 2,200

Trust Preferred Securities [Member]

Debt Instrument [Line Items]

Apr. 30, 2027

$ 27,913

27,913

$ 26,395

^[1]

$ 26,311

^[2]

Stated Interest Rate

4.76%

5.94%

Effective Interest Rate

4.76%

5.94%

Bank Of America Credit Facility [Member]

Debt Instrument [Line Items]

Maturity Date

Mar. 06, 2023

Contractual Facility

$ 55,000

Balance Gross

55,000

33,500

Balance Net

$ 54,906

^[1]

$ 33,445

^[2]

Stated Interest Rate

3.18%

4.80%

Effective Interest Rate

3.18%

4.80%

Bank Of America Line Of Credit [Member]

Debt Instrument [Line Items]

Mar. 06, 2023

$ 5,000

5,000

^[1]

$ 5,000

Stated Interest Rate

3.18%

4.80%

Effective Interest Rate

3.18%

4.80%

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

Debt Instrument [Line Items]

Maturity Date

Apr. 01, 2022

Contractual Facility

$ 25,000

$ 20,000

$ 24,907

$ 18,658

Balance Gross

24,907

18,658

Balance Net

$ 24,498

^[1]

$ 18,532

^[2]

Stated Interest Rate

4.25%

3.25%

Effective Interest Rate

4.25%

3.25%

Minetta And Orpheum Theatres Loan [Member]

Debt Instrument [Line Items]

Maturity Date

^[3]

Nov. 01, 2023

Contractual Facility

$ 8,000

^[3]

$ 8,000

^[3]

$ 7,500

Balance Gross

^[3]

8,000

Balance Net

^[3]

$ 7,900

^[1]

$ 7,887

^[2]

Stated Interest Rate

^[3]

2.22%

3.74%

Effective Interest Rate

^[3]

5.15%

U.S. Corporate Office Term Loan [Member]

Debt Instrument [Line Items]

Maturity Date

Jan. 01, 2027

Contractual Facility

$ 8,400

$ 9,199

$ 9,260

Balance Gross

9,199

9,260

Balance Net

$ 9,100

^[1]

$ 9,153

^[2]

Effective Interest Rate

4.61%

4.64%

Purchase Money Promissory Note [Member]

Debt Instrument [Line Items]

Maturity Date

Sep. 18, 2024

Contractual Facility

$ 3,045

$ 3,363

Balance Gross

3,045

3,363

Balance Net

$ 3,045

^[1]

$ 3,363

^[2]

Stated Interest Rate

5.00%

Effective Interest Rate

5.00%

Union Square Construction Financing [Member]

Debt Instrument [Line Items]

Maturity Date

Dec. 29, 2020

Contractual Facility

$ 50,000

Balance Gross

39,506

36,048

Balance Net

$ 39,396

^[1]

$ 36,035

^[2]

Stated Interest Rate

5.50%

6.02%

Effective Interest Rate

5.50%

6.02%

NAB Corporate Loan Facility [Member]

Debt Instrument [Line Items]

Maturity Date

Dec. 31, 2023

^[4]

Dec. 31, 2023

^[5]

Contractual Facility

$ 82,716

^[4]

$ 84,360

^[5]

Balance Gross

82,716

^[4]

65,731

^[5]

Balance Net

$ 82,553

^[1],[4]

$ 65,541

^[2],[5]

Stated Interest Rate

1.29%

^[4]

1.77%

^[5]

Effective Interest Rate

1.29%

^[4]

1.77%

^[5]

Westpac Bank Corporate Credit Facility [Member]

Debt Instrument [Line Items]

Maturity Date

Dec. 31, 2023

^[4]

Dec. 31, 2023

^[5]

Contractual Facility

$ 20,627

^[4]

$ 21,584

^[5]

Balance Gross

20,627

^[4]

6,745

^[5]

Balance Net

$ 20,628

^[1],[4]

$ 6,745

^[2],[5]

Stated Interest Rate

2.30%

^[4]

3.05%

^[5]

Effective Interest Rate

2.30%

^[4]

3.05%

^[5]

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

Debt Instrument [Line Items]

Stated Interest Rate

4.44%

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

Debt Instrument [Line Items]

Stated Interest Rate

4.64%

[1]	Net of deferred financing costs amounting to $2.5 million.
[2]	Net of deferred financing costs amounting to $2.2 million.
[3]	The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 5.15%.
[4]	The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of June 30, 2020.
[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, 2019.

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

Jun. 30, 2020

Dec. 31, 2019

Debt [Abstract]

Debt – current portion

$ 40,331

$ 36,736

Debt – long-term portion

203,650

140,602

Subordinated debt - current portion

644

Subordinated debt - long-term portion

28,796

29,030

Total borrowings

$ 273,421

^[1]

$ 207,012

^[2]

[1]	Net of deferred financing costs amounting to $2.5 million.
[2]	Net of deferred financing costs amounting to $2.2 million.

Other Liabilities (Narrative) (Details) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended		18 Months Ended
Other Liabilities (Narrative) (Details) - USD ($)	Aug. 29, 2014	Feb. 28, 2018	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Dec. 31, 2019
Other Liabilities [Line Items]
Accrued pension liability	$ 7,500,000		$ 4,261,000		$ 4,261,000		$ 4,261,000	$ 4,469,000
Service cost			0	$ 0	0	$ 0	$ 0
Interest cost			66,000	298,000	134,000	343,000
Actuarial loss (gain)			$ (51,000)	$ (52,000)	$ 103,000	$ 103,000
Discount rate			4.25%		4.25%		4.25%
Discount term					15 years
Monthly estate payment amount			$ 57,000		$ 57,000		$ 57,000
Discounted value			2,700,000		2,700,000		2,700,000
Accumulated prior service cost			3,100,000		$ 3,100,000		3,100,000
Accumulated prior service cost amortization period					15 years
Accrued pension costs included in other liabilities			$ 4,900,000		$ 4,900,000		$ 4,900,000
Payment related to annuity		$ 2,400,000
Payment period					42 months
Benefit obligation, gross	10,200,000				$ 10,200,000
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	Jun. 30, 2020	Dec. 31, 2019	Aug. 29, 2014
Other Liabilities [Abstract]
Lease liability	$ 5,900
Liability for demolition costs	2,623	$ 2,745
Accrued pension	684	684
Security deposit payable	109	114
Finance lease liabilities	51	93
Other	33	17
Other current liabilities	9,400	3,653
Lease make-good provision	6,716	6,667
Accrued pension	4,261	4,469	$ 7,500
Environmental reserve	1,656	1,656
Lease liability		5,900
Acquired leases	32	37
Finance lease liabilities	92	116
Other	978	9
Other liabilities	$ 13,735	$ 18,854

Accumulated Other Comprehensive Income (Summary Of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			$ 5,589
Total change in hedge fair value recorded in Other Comprehensive Income			(285)
Amounts reclassified from accumulated other comprehensive income			80
Net change related to derivatives	$ 10	$ (122)	(205)	$ (191)
Net current-period other comprehensive income (loss)			(5,172)
Balance	417		417
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			8,118
Net current-period other comprehensive income (loss)			(5,051)
Balance	3,067		3,067
Unrealized Gain (Losses) On Available-For-Sale Investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			10
Net current-period other comprehensive income (loss)			(19)
Balance	(9)		(9)
Accrued Pension Service Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			(2,287)
Net current-period other comprehensive income (loss)			103
Balance	(2,184)		(2,184)
Hedge Accounting Reserve [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			(252)
Total change in hedge fair value recorded in Other Comprehensive Income			(285)
Amounts reclassified from accumulated other comprehensive income			80
Net change related to derivatives			(205)
Net current-period other comprehensive income (loss)			(205)
Balance	$ (457)		$ (457)

Commitments And Contingencies (Narrative) (Details)	6 Months Ended	12 Months Ended
Commitments And Contingencies (Narrative) (Details)	Jun. 30, 2020 USD ($) claim	Dec. 31, 2019 USD ($)
Cotter, Jr. Related Litigation Matters [Member]
Commitments And Contingencies [Line Items]
Settlement awarded	$ 1,550,000
Legal fees		$ 10,000,000.0
Litigation expense	$ 75,000	$ 925,000
Employment Litigation [Member]
Commitments And Contingencies [Line Items]
Number of new claims filed \| claim	2

Non-controlling Interests (Narrative) (Details)	Jun. 30, 2020
Australia Country Cinemas [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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	$ 3,992	$ 4,267
Australia Country Cinemas [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	64	119
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	2,102	2,145
Sutton Hill Properties LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	$ 1,826	$ 2,003

Non-controlling Interests (Components Of Income Attributable To Non-controlling Interest) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	$ (185)	$ (37)	$ (266)	$ (53)
Australia Country Cinemas [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	(45)	28	(46)	36
Shadow View Land And Farming, LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	(22)	(20)	(43)	(34)
Sutton Hill Properties LLC [Member]
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	$ (118)	$ (45)	$ (177)	$ (55)

Noncontrolling Interests (Summary Of Changes In Controlling And Non-controlling Stockholders’ Equity) (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Balance		$ (39,737,000)			$ (39,737,000)
Balance	$ 117,399,000	139,616,000	$ 179,335,000	$ 179,979,000	139,616,000	$ 179,979,000
Net income (loss)	(22,887,000)	(5,956,000)	2,294,000	(2,140,000)	(28,843,000)	154,000
Other comprehensive income, net	10,716,000	(15,897,000)	(2,347,000)	1,511,000
Share-based compensation expense	369,000	336,000	400,000	280,000
Share repurchase plan	0	(671,000)	(2,622,000)	(9,000)
Class A common stock issued for share-based bonuses and options exercised				(185,000)
Restricted Stock Units	(11,000)	(30,000)	(31,000)	(74,000)
Contributions from noncontrolling stockholders			9,000	18,000
Distributions to noncontrolling stockholders			(15,000)	(27,000)
Balance	105,586,000	117,399,000	177,023,000	179,335,000	105,586,000	177,023,000
Balance	(40,407,000)				(40,407,000)
Additional Paid-In Capital [Member]
Balance	148,908,000	148,602,000	147,472,000	147,452,000	148,602,000	147,452,000
Share-based compensation expense	369,000	336,000	400,000	280,000
Class A common stock issued for share-based bonuses and options exercised				(185,000)
Restricted Stock Units	(11,000)	(30,000)	(31,000)	(75,000)
Balance	149,266,000	148,908,000	147,841,000	147,472,000	149,266,000	147,841,000
Retained Earnings (Accumulated Deficit) [Member]
Balance	14,772,000	20,647,000	44,952,000	47,048,000	20,647,000	47,048,000
Net income (loss)	(22,702,000)	(5,875,000)	2,331,000	(2,124,000)
Balance	(7,930,000)	14,772,000	47,283,000	44,952,000	(7,930,000)	47,283,000
Treasury Shares [Member]
Balance	(40,407,000)	(39,737,000)	(25,231)	$ (25,222)	(39,737,000)	(25,222)
Share repurchase plan	0	(670,000)	(2,622)
Share repurchase plan, shares				(9)
Balance	(40,407,000)	(40,407,000)	(27,853)	$ (25,231)	(40,407,000)	(27,853)
Accumulated Other Comprehensive Income/(Loss) [Member]
Balance	(10,290,000)	5,589,000	7,625,000	6,115,000	5,589,000	6,115,000
Other comprehensive income, net	10,707,000	(15,879,000)	(2,346,000)	1,510,000
Balance	417,000	(10,290,000)	5,279,000	7,625,000	417,000	5,279,000
Reading International Inc. Stockholders' Equity [Member]
Balance	113,231,000	135,349,000	175,068,000	175,642,000	135,349,000	175,642,000
Net income (loss)	(22,702,000)	(5,875,000)	2,331,000	(2,124,000)
Other comprehensive income, net	10,707,000	(15,879,000)	(2,346,000)	1,510,000
Share-based compensation expense	369,000	336,000	400,000	280,000
Share repurchase plan	0	(670,000)	(2,622,000)	(9,000)
Class A common stock issued for share-based bonuses and options exercised				(185,000)
Restricted Stock Units	(11,000)	(30,000)	(31,000)	(74,000)
Balance	101,594,000	113,231,000	172,800,000	175,068,000	101,594,000	172,800,000
Noncontrolling Stockholders' Equity [Member]
Balance	4,168,000	4,267,000	4,267,000	4,337,000	4,267,000	4,337,000
Net income (loss)	(185,000)	(81,000)	(37,000)	(16,000)
Other comprehensive income, net	9,000	(18,000)	(1,000)	1,000
Contributions from noncontrolling stockholders			9,000	18,000
Distributions to noncontrolling stockholders			(15,000)	(27,000)
Balance	$ 3,992,000	$ 4,168,000	4,223,000	4,267,000	$ 3,992,000	4,223,000
Accounting Standards Update 2016-02 [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance			(18,000)
Balance				(18,000)
Accounting Standards Update 2016-02 [Member] \| Retained Earnings (Accumulated Deficit) [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance			28,000
Balance				28,000
Accounting Standards Update 2016-02 [Member] \| Reading International Inc. Stockholders' Equity [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance			28,000
Balance				28,000
Accounting Standards Update 2016-02 [Member] \| Noncontrolling Stockholders' Equity [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance			(46,000)
Balance				(46,000)
Class A [Member]
Balance, shares		20,102,535			20,102,535
Balance, shares	20,067,635				20,067,635
Class A [Member] \| Common Stock Shares Outstanding [Member]
Balance	$ 231,000	$ 231,000	$ 233,000	$ 232,000	$ 231,000	$ 232,000
Balance, shares	20,047	20,103	21,235	21,195	20,103	21,195
Share repurchase plan, shares		(75)	(197)
Restricted Stock Units				$ 1,000
Restricted Stock Units, shares	21	19	33	40
Balance	$ 231,000	$ 231,000	$ 233,000	$ 233,000	$ 231,000	$ 233,000
Balance, shares	20,068	20,047	21,071	21,235	20,068	21,071
Class B [Member]
Balance, shares		1,680,590			1,680,590
Balance, shares	1,680,590				1,680,590
Class B [Member] \| Common Stock Shares Outstanding [Member]
Balance	$ 17,000	$ 17,000	$ 17,000	$ 17,000	$ 17,000	$ 17,000
Balance, shares	1,680	1,680	1,680	1,680	1,680	1,680
Balance	$ 17,000	$ 17,000	$ 17,000	$ 17,000	$ 17,000	$ 17,000
Balance, shares	1,680	1,680	1,680	1,680	1,680	1,680

Stock-Based Compensation And Stock Repurchases (Narrative) (Details) - USD ($)			3 Months Ended			6 Months Ended		12 Months Ended
	Mar. 10, 2020	Aug. 07, 2019	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Mar. 02, 2017
Equity And Stock-Based Compensation [Line Items]
Common Stock authorized for issuance under 2010 Stock Incentive Plan			1,692,195			1,692,195
Shares granted	287,163				219,408	0	219,408
Stock Option [Member]
Equity And Stock-Based Compensation [Line Items]
Compensation expense			$ 120,000		$ 129,000	$ 239,000	$ 200,000
Unrecognized estimated compensation cost related to non-vested stock options granted			900,000			$ 900,000
Recognition period of unrecognized compensation cost						1 year 6 months 25 days
Share price						$ 4.25
Intrinsic unrealized value of all options outstanding, vested and expected to vest
Restricted Stock Units (RSUs) [Member]
Equity And Stock-Based Compensation [Line Items]
Compensation expense		$ 35,000	255,000		$ 271,000	470,000	$ 480,000
Unrecognized estimated compensation cost related to non-vested stock options granted			2,500,000			$ 2,500,000
Vesting period of stock options and RSU						2 years 7 days
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%
Restricted Stock Units (RSUs) [Member] \| Non-employee Director [Member]
Equity And Stock-Based Compensation [Line Items]
Shares granted						0
2017 Stock Repurchase Plan [Member]
Equity And Stock-Based Compensation [Line Items]
Repurchase program, amount authorized	$ 25,000,000.0
Repurchase program, remaining amount authorized			$ 26,000,000.0			$ 26,000,000.0
Stock buy-back program period						2 years
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			2,197,460
Class A Nonvoting Common Stock [Member] \| $25 Million Stock Repurchase Program [Member]
Equity And Stock-Based Compensation [Line Items]
Repurchase value			$ 24,000,000.0			$ 24,000,000.0
Share price						$ 13.39
Shares repurchased plan, shares			0			1,792,819
Class A Nonvoting Common Stock [Member] \| $25 Million Stock Repurchased At $8.92 [Member]
Equity And Stock-Based Compensation [Line Items]
Share price				$ 8.92
Shares repurchased plan, shares				75,157
Class A [Member]
Equity And Stock-Based Compensation [Line Items]
Share price						$ 8.92
Shares granted								219,408
Shares repurchased plan, shares						75,157
Class A [Member] \| 2017 Stock Repurchase Plan [Member]
Equity And Stock-Based Compensation [Line Items]
Repurchase program, remaining amount authorized	$ 26,000,000.0
Class A [Member] \| $25 Million Stock Repurchase Program [Member]
Equity And Stock-Based Compensation [Line Items]
Repurchase program, amount authorized									$ 25,000,000.0
2010 Stock Incentive Plan [Member] \| Class A Nonvoting Common Stock [Member]
Equity And Stock-Based Compensation [Line Items]
Common Stock shares remaining for future issuances			505,265			505,265

Stock-Based Compensation And Stock Repurchases (Schedule Of Fair Value Of Options, Weighted Average Assumptions) (Details)	6 Months Ended
	Jun. 30, 2019 $ / shares
Stock-Based Compensation And Share Repurchases [Abstract]
Stock option exercise price	$ 16.12
Risk-free interest rate	2.42%
Expected option life in years	3 years 9 months
Expected volatility	23.32%
Weighted average fair value	$ 3.50

Stock-Based Compensation And Stock Repurchases (Schedule Of Stock Options Outstanding And Exercisable) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	6 Months Ended		12 Months Ended
	Mar. 10, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Equity And Stock-Based Compensation [Line Items]
Number of Stock Options, Granted	287,163	219,408	0	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			711,377	586,469	586,469
Number of Stock Options, Granted					219,408
Number of Stock Options, Exercised					(69,500)
Number of Stock Options, Forfeited			(8,000)		(25,000)
Number of Stock Options Outstanding, Ending balance			703,377		711,377	586,469
Weighted Average Exercise Price of Options Outstanding, Beginning price			$ 14.74	$ 14.01	$ 14.01
Weighted Average Exercise Price of Options Outstanding, Granted					16.12
Weighted Average Exercise Price of Options Outstanding, Exercised					13.42
Weighted Average Exercise Price of Options Outstanding, Forfeited			12.34		13.42
Weighted Average Exercise Price of Options Outstanding, Ending price			$ 14.79		$ 14.74	$ 14.01
Weighted Average Remaining Years of Contractual Life			1 year 6 months 25 days		2 years 9 months 14 days	2 years 10 months 17 days
Aggregate Intrinsic Value, Beginning balance			$ 136,350	$ 1,530,528	$ 1,530,528
Aggregate Intrinsic Value, Exercised					185,175
Aggregate Intrinsic Value, Ending balance					$ 136,350	$ 1,530,528

Stock-Based Compensation And Stock Repurchases (Schedule Of Restricted Stock Units Issued And Vested) (Details) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2020 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	582,712
Number of options, Vested	224,117
Number of options, Forfeited	6,126
Number of options, Unvested	352,469
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	62,262
Number of options, Forfeited	266
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	5,108
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	54,196
Number of options, Forfeited	532
Number of options, Unvested	8,416
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	5,546
Number of options, Unvested	1,848
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, Vested	14,553
Number of options, Forfeited	775
Number of options, Unvested	14,268
April 13, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	14,669
Number of options, Vested	7,336
Number of options, Unvested	7,333
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, Vested	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, Vested	5,316
Number of options, Forfeited	3,104
Number of options, Unvested	15,946
March 14, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	23,327
Number of options, Vested	5,832
Number of options, Unvested	17,495
May 7, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	11,565
Number of options, Vested	11,565
March 10, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	287,163
Number of options, Unvested	287,163
Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	129,796
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
Directors [Member] \| May 7, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	11,565
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	452,916
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
Management [Member] \| March 10, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Grants	287,163

Leases (Narrative) (Details) $ in Millions	6 Months Ended
Leases (Narrative) (Details) $ in Millions	Jun. 30, 2020 USD ($)
Operating Leased Assets [Line Items]
Operating leases not yet commenced	$ 36.0
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
Real Estate [Member] \| Maximum [Member]
Operating Leased Assets [Line Items]
Lease term of contract	20 years
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

Leases (Components Of Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Amortization of right-of-use assets	$ 24	$ 41	$ 64	$ 82
Interest on lease liabilities	2	4	5	7
Operating lease cost	8,079	7,899	16,099	15,784
Variable lease cost	(833)	517	(652)	619
Total lease cost	$ 7,272	$ 8,461	$ 15,515	$ 16,492

Leases (Supplemental Cash Flow Information Related To Leases) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating cash flows for finance leases	$ 68	$ 87
Operating cash flows for operating leases	8,436	15,531
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 179	$ 5,760

Leases (Supplemental Balance Sheet Information Related To Leases) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease right-of-use assets	$ 217,692	$ 229,879
Operating lease liabilities - current portion	21,091	20,379
Operating lease liabilities - non-current portion	210,560	223,164
Total operating lease liabilities	231,651	243,543
Property plant and equipment, gross	366	370
Accumulated depreciation	(228)	(165)
Property plant and equipment, net	138	205
Other current liabilities	51	93
Other long-term liabilities	92	116
Total finance lease liabilities	$ 143	$ 209
Weighted-average remaining lease term - finance leases	3 years	3 years
Weighted-average remaining lease term - operating leases	11 years	11 years
Weighted-average discount rate - finance leases	5.25%	5.13%
Weighted-average discount rate - operating leases	4.78%	4.86%

Leases (Maturity Of Leases As Lessee) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating leases, 2020	$ 15,819
Operating leases, 2021	32,010
Operating leases, 2022	32,018
Operating leases, 2023	31,292
Operating leases, 2024	29,466
Operating leases, Thereafter	159,647
Operating leases, Total lease payments	300,252
Operating leases, Less imputed interest	(68,601)
Total operating lease liabilities	231,651	$ 243,543
Finance leases, 2020	31
Finance leases, 2021	53
Finance leases, 2022	42
Finance leases, 2023	28
Finance leases, Total lease payments	154
Finance leases, Less imputed interest	(11)
Total finance lease liabilities	$ 143	$ 209

Leases (Components Of Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Lease payments	$ 2,245	$ 2,344	$ 4,566	$ 4,573
Variable lease payments	(364)	331	(201)	596
Total lease income	$ 1,881	$ 2,675	$ 4,365	$ 5,169

Leases (Book Value Of Assets Under Operating Leases From Owned Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Gross balance	$ 69,123	$ 67,766
Accumulated depreciation	(20,677)	(20,220)
Net Book Value	$ 48,446	$ 47,546

Leases (Maturity Of Leases As Lessor) (Details) $ in Thousands	Jun. 30, 2020 USD ($)
Leases [Abstract]
2020	$ 3,890
2021	7,552
2022	6,780
2023	6,106
2024	5,208
Thereafter	7,634
Total	$ 37,170

Hedge Accounting (Narrative) (Details) - Designated as Hedging Instrument [Member] - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount	$ 8,000,000.0	$ 8,000,000.0
Derivative asset	0
Derivative ineffective portion	0
Derivative loss	$ 0

Hedge Accounting (Schedule Of Derivative Instruments On The Balance Sheet At Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Derivative financial instruments - current portion	$ 218	$ 109
Derivative financial instruments - non-current portion	329	233
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Total derivatives designated as hedging instruments	547	342
Total derivatives	547	342
Designated as Hedging Instrument [Member] \| Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments - non-current portion	329	233
Interest Rate Contract [Member] \| Designated as Hedging Instrument [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative financial instruments - current portion	$ 218	$ 109

Hedge Accounting (Schedule Of Changes in Fair value) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ 52	$ 13	$ 80	$ 24
Designated as Hedging Instrument [Member] \| Interest Expense [Member] \| Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ 52	$ 13	$ 80	$ 24

Hedge Accounting (Summary Of Hedged Transactions That Affect Earnings) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Loss Recognized in OCI on Derivatives (Effective Portion)			$ (285)
Loss Reclassified from AOCI into Income (Effective Portion)			80
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss Recognized in OCI on Derivatives (Effective Portion)	$ 52	$ 134	285	$ 215
Loss Reclassified from AOCI into Income (Effective Portion)	52	13	80	24
Designated as Hedging Instrument [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss Reclassified from AOCI into Income (Effective Portion)	52	13	80	24
Designated as Hedging Instrument [Member] \| Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss Recognized in OCI on Derivatives (Effective Portion)	$ 52	$ 134	$ 285	$ 215

Fair Value Measurements (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
Fair Value Measurements (Narrative) (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers of assets and liabilities between level 1, 2, 3	$ 0	$ 0	$ 0	$ 0
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	$ 547,000		$ 547,000		$ 342,000

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

Jun. 30, 2020

Dec. 31, 2019

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

Notes payable

$ 248,948

$ 181,916

Subordinated debt

20,722

22,132

Financial liabilities total

269,670

204,048

Level 3 [Member]

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

Notes payable

248,948

181,916

Subordinated debt

20,722

22,132

Financial liabilities total

269,670

204,048

Carrying Value

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

Notes payable

^[1]

244,955

177,942

Subordinated debt

^[1]

30,958

31,276

Financial liabilities total

^[1]

$ 275,913

$ 209,218

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

Business Combinations (Narrative) (Details) - USD ($)
$ in Thousands

Jun. 30, 2020

Mar. 31, 2020

Dec. 03, 2019

^[2]

Jan. 30, 2019

^[1]

Devonport, Tasmania, Australia [Member]

Assets acquired

$ 1,378

$ 1,401

State Cinema Hobart, Tasmania, Australia [Member]

Assets acquired

$ 6,180

[1]	The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, January 30, 2019.
[2]	The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, December 5, 2019.

Business Combinations (Schedule Of Purchase Price Allocation) (Details) - USD ($)
$ in Thousands

2 Months Ended

4 Months Ended

Mar. 31, 2020

Jun. 30, 2020

Dec. 03, 2019

^[3]

Jan. 30, 2019

^[1]

Devonport, Tasmania, Australia [Member]

Acquired Finite-Lived Intangible Assets [Line Items]

Fixtures and equipment

$ 153

Goodwill

1,225

1,248

Total assets acquired

1,378

1,401

Net assets acquired

$ 1,378

$ 1,401

Goodwill, Measurement Period Adjustments

^[2]

$ (23)

Total intangible assets acquired, Measurement Period Adjustments

^[2]

(23)

Total assets acquired, Measurement Period Adjustments

^[2]

(23)

State Cinema Hobart, Tasmania, Australia [Member]

Acquired Finite-Lived Intangible Assets [Line Items]

Fixtures and equipment

362

$ 362

$ 481

333

250

5,485

5,617

Total assets acquired

6,436

Employee liabilities

(20)

Deferred revenue balances

(236)

Total liabilities acquired

(256)

Net assets acquired

$ 6,180

6,180

$ 6,180

Fixtures and equipment, Measurement Period Adjustments

(119)

Brand name, Measurement Period Adjustments

250

Liquor license, Measurement Period Adjustments

Goodwill, Measurement Period Adjustments

$ (132)

[1]	The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, January 30, 2019.
[2]	The measurement period adjustments relate to finalization of immaterial employee obligations.
[3]	The balances were translated into U.S. Dollars based on the applicable exchange rate as of the date of acquisition, December 5, 2019.

Subsequent Events (Narrative) (Details) - Jul. 01, 2020 $ in Millions, $ in Millions	NZD ($)	USD ($)
Westpac Bank Corporate Credit Facility [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Cash transferred to a term deposit	$ 16.0	$ 10.3