Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2014

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 March 31,
		2014		2013
Net loss from continuing operations	$	(215)	$	(668)
Net loss attributable to Reading International, Inc. common shareholders		(215)		(668)
Basic loss per common share attributable to Reading International, Inc. shareholders:
Loss from continuing operations	$	(0.01)	$	(0.03)
Basic loss  per share attributable to Reading International, Inc. shareholders	$	(0.01)	$	(0.03)
Diluted loss per common share attributable to Reading International, Inc. shareholders:
Loss from continuing operations	$	(0.01)	$	(0.03)
Diluted loss per share attributable to Reading International, Inc. shareholders	$	(0.01)	$	(0.03)
Weighted average shares of common stock – basic		23,490,563		23,263,010
Weighted average shares of common stock – diluted		23,490,563		23,263,010

For the three months ended March 31, 2014, the weighted average common stock–diluted excluded 240,643 of common stock compensation and in-the-money incremental stock options and for 2013, the weighted average common stock – diluted excluded 243,787of common stock compensation and in-the-money incremental stock options.  In addition, 799,516 of out-of-the-money stock options were excluded from the computation of diluted loss per share for the three months ended March 31, 2014, and 758,872 of out-of-the-money stock options were excluded from the computation of diluted loss per share for the three months ended March 31, 2013.