Earnings Per Share

6 Months Ended

Jun. 30, 2016

Note 4 – Earnings Per Share

Basic earnings per share (“EPS”) is calculated by dividing the net income attributable to the Company’s common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is calculated by dividing the net income attributable to the Company’s common stockholders by the weighted average number of common and common equivalent shares outstanding during the period and are calculated using the treasury stock method for equity-based compensation awards.

The following table sets forth the computation of basic and diluted EPS and a reconciliation of the weighted average number of common and common equivalent shares outstanding:


	Quarter Ended				Six Months Ended
(Dollars in thousands, except share data)	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
Numerator:
Net income attributable to RDI common stockholders	$	2,970	$	15,997	$	5,199	$	19,115
Denominator:
Weighted average number of common stock – basic	23,334,892		23,272,918		23,334,892		23,275,860
Weighted average dilutive impact of awards	209,067		219,274		209,067		219,274
Weighted average number of common stock – diluted	23,543,959		23,492,192		23,543,959		23,495,134
Basic EPS attributable to RDI common stockholders	$	0.13	$	0.69	$	0.22	$	0.82
Diluted EPS attributable to RDI common stockholders	$	0.13	$	0.68	$	0.22	$	0.81

Awards excluded from diluted EPS	265,327		100,000		265,327		100,000