Non-controlling Interests

6 Months Ended

Jun. 30, 2017

Non-controlling Interests [Abstract]

Note 14 – Non-controlling Interests

These are composed of the following enterprises:

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

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

The components of noncontrolling interests are as follows:


	June 30,		December 31,
(Dollars in thousands)	2017		2016
Australian Country Cinemas, Pty Ltd	$	257	$	264
Shadow View Land and Farming, LLC		2,003		1,980
Sutton Hill Properties, LLC		2,121		2,174
Noncontrolling interests in consolidated subsidiaries	$	4,381	$	4,418

The components of income/(loss) attributable to noncontrolling interests are as follows:


	Quarter Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
(Dollars in thousands)	2017		2016		2017		2016
Australian Country Cinemas, Pty Ltd	$	68	$	24	$	113	$	58
Shadow View Land and Farming, LLC		(11)		(7)		(27)		(17)
Sutton Hill Properties, LLC		(37)		(65)		(54)		(91)
Net income (loss) attributable to noncontrolling interests in consolidated subsidiaries	$	20	$	(48)	$	32	$	(50)

Summary of Controlling and Noncontrolling Stockholders’ Equity

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


(Dollars in thousands)		Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at January 1, 2017	$	142,197	$	4,418	$	146,615
Net income		22,063		32		22,095
Increase in additional paid in capital		610		--		610
Treasury stock purchased		(3,400)		--		(3,400)
Contributions from noncontrolling stockholders - SHP		--		49		49
Distributions to noncontrolling stockholders		--		(131)		(131)
Accumulated other comprehensive income		8,489		13		8,502
Equity at June 30, 2017	$	169,959	$	4,381	$	174,340

(Dollars in thousands)		Controlling Stockholders’ Equity		Noncontrolling Stockholders’ Equity		Total Stockholders’ Equity
Equity at January 1, 2016	$	132,865	$	4,331	$	137,196
Net income (loss)		5,199		(50)		5,149
Increase in additional paid in capital		340		--		340
Contributions from noncontrolling stockholders - SHP		--		84		84
Distributions to noncontrolling stockholders		--		(125)		(125)
Accumulated other comprehensive loss		4,326		6		4,332
Equity at June 30, 2016	$	142,730	$	4,246	$	146,976