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Earnings (Loss) Per Share
 9 Months Ended
Sep. 30, 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

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2014

 

2013

 

2014

 

2013

Net income from continuing operations

$
3,939 

$
2,393 

$
8,481 

$
5,860 

Net income attributable to Reading International, Inc. common shareholders

 
3,939 

 
2,393 

 
8,481 

 
5,860 

Basic earnings  per share attributable to Reading International, Inc. shareholders

$
0.17 

$
0.10 

$
0.36 

$
0.25 

Diluted earnings per share attributable to Reading International, Inc. shareholders

$
0.17 

$
0.10 

$
0.36 

$
0.25 

Weighted average shares of common stock – basic

 
23,380,728 

 
23,383,200 

 
23,457,050 

 
23,333,352 

Weighted average shares of common stock – diluted

 
23,678,223 

 
23,517,191 

 
23,754,545 

 
23,467,343 

 

For the three and nine months ended September 30, 2014, the weighted average common stock – diluted included 297,495 of common stock compensation and in-the-money incremental stock options, and 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.  In addition, 572,998 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, 2014, and 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.