Non-controlling Interests

12 Months Ended

Dec. 31, 2023

Non-controlling Interests [Abstract]

Non-controlling Interests

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NOTE 15 – NON-CONTROLLING INTERESTS

As of December 31, 2023, the non-controlling interests in our consolidated subsidiaries are comprised of the following:

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

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

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

The components of non-controlling interest are as follows:

	December 31,
(Dollars in thousands)	2023		2022
Australian Country Cinemas, Pty Ltd	$	76	$	26
Shadow View Land and Farming, LLC		(2)		(3)
Sutton Hill Properties, LLC		(165)		400
Non-controlling interests in consolidated subsidiaries	$	(91)	$	423

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

(Dollars in thousands)	2023		2022		2021
Australian Country Cinemas, Pty Ltd	$	51	$	70	$	111
Shadow View Land and Farming, LLC		1		(4)		3,163
Sutton Hill Properties, LLC		(564)		(542)		(381)
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	$	(512)	$	(476)	$	2,893

Shadow View Land and Farming, LLC

On March 5, 2021, Shadow View Land and Farming, LLC, sold its only asset, being certain land holdings in Coachella, California, for $11.0 million and is currently in the process of winding up and liquidating. See Note 5 Real Estate Transactions.