Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2013

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

Note 5 – Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing the net income (loss) attributable to Reading International, Inc. common shareholders by the weighted average number of common shares outstanding during the period.  Diluted earnings (loss) per share is computed by dividing the net income (loss) attributable to Reading International, Inc. common shareholders by the weighted average number of common shares outstanding during the period after giving effect to all potentially dilutive common shares that would have been outstanding if the dilutive common shares had been issued.  Stock options and non-vested stock awards give rise to potentially dilutive common shares.  In accordance with FASB ASC 260-10 - Earnings Per Share, these shares are included in the diluted earnings per share calculation under the treasury stock method.  As noted in the table below, due to the small difference between the basic and diluted weighted average common shares, the basic and the diluted earnings (loss) per share are the same for each of the periods presented.  The following is a calculation of earnings (loss) per share (dollars in thousands, except share data):

		Three Months Ended March 31,
		2013		2012
Loss from continuing operations	$	(668)	$	(316)
Income from discontinued operations		--		77
Net loss attributable to Reading International, Inc. common shareholders		(668)		(239)
Basic loss per common share attributable to Reading International, Inc. shareholders:
Loss from continuing operations	$	(0.03)	$	(0.01)
Earnings from discontinued operations, net		0.00		0.00
Basic loss per share attributable to Reading International, Inc. shareholders	$	(0.03)	$	(0.01)
Diluted loss per common share attributable to Reading International, Inc. shareholders:
Loss from continuing operations	$	(0.03)	$	(0.01)
Earnings from discontinued operations, net		0.00		0.00
Diluted loss per share attributable to Reading International, Inc. shareholders	$	(0.03)	$	(0.01)
Weighted average shares of common stock – basic		23,263,010		22,710,713
Weighted average shares of common stock – diluted		23,263,010		22,710,713

For the three months ended March 31, 2013 and 2012, we recorded losses from continuing operations; therefore, we excluded 243,787 and 99,285, respectively, of in-the-money incremental stock options from the computation of diluted loss per share because they were anti-dilutive.  In addition, 758,872 of out-of-the-money stock options were excluded from the computation of diluted earnings (loss) per share for the three months ended March 31, 2013, and 742,638 of out-of-the-money stock options were excluded from the computation of diluted earnings (loss) per share for the three months ended March 31, 2012.