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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2015
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,

 

 

2015

 

2014

Net income (loss) attributable to Reading International, Inc. common shareholders

 
3,118 

 
(215)

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

$
0.13 

$
(0.01)

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

$
0.13 

$
(0.01)

Weighted average shares of common stock – basic

 
23,242,467 

 
23,490,563 

Weighted average shares of common stock – diluted

 
23,523,655 

 
23,490,563 

 

For the three months ended March 31, 2015, the weighted average shares of common stock – diluted included 281,188 of common stock compensation and in-the-money incremental stock options, and for the three months ended March 31, 2014, the weighted average shares of common stock – diluted included 240,643 of common stock compensation and in-the-money incremental stock options.  In addition, 436,662 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, 2015, and 799,516 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, 2014.