Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 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.  The following is a calculation of earnings (loss) per share (dollars in thousands, except share data):

		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
Net income (loss) from continuing operations	$	2,393	$	604	$	5,860	$	482
Income from discontinued operations		--		(241)		--		(121)
Net income (loss) attributable to Reading International, Inc. common shareholders		2,393		363		5,860		361
Basic earnings (loss) per common share attributable to Reading International, Inc. shareholders:
Earnings from continuing operations	$	0.10	$	0.03	$	0.25	$	0.03
Loss from discontinued operations, net		0.00		(0.01)		0.00		(0.01)
Basic earnings per share attributable to Reading International, Inc. shareholders	$	0.10	$	0.02	$	0.25	$	0.02
Diluted earnings (loss) per common share attributable to Reading International, Inc. shareholders:
Earnings from continuing operations	$	0.10	$	0.03	$	0.25	$	0.03
Loss from discontinued operations, net		0.00		(0.01)		0.00		(0.01)
Diluted earnings per share attributable to Reading International, Inc. shareholders	$	0.10	$	0.02	$	0.25	$	0.02
Weighted average shares of common stock – basic		23,383,200		23,071,846		23,333,352		23,007,787
Weighted average shares of common stock – diluted		23,517,191		23,293,886		23,467,343		23,229,827

For the three and nine months ended September 30, 2013, the weighted average common stock – diluted included 133,992 of common stock compensation and in-the-money incremental stock options and for the three and nine months ended September 30, 2012, the weighted average common stock – diluted included 222,040of common stock compensation and in-the-money incremental stock options.  In addition, 729,865 of out-of-the-money stock options were excluded from the computation of diluted earnings (loss) per share for the three and nine months ended September 30, 2013, and 682,827 of out-of-the-money stock options were excluded from the computation of diluted earnings (loss) per share for the three and nine months ended September 30, 2012.