Earnings Per Share

9 Months Ended

Sep. 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				Nine Months Ended
(Dollars in thousands, except share data)	September 30, 2016		September 30, 2015		September 30, 2016		September 30, 2015
Numerator:
Net income attributable to RDI common stockholders	$	3,855	$	381	$	9,054	$	19,496
Denominator:
Weighted average number of common stock – basic	23,334,892		23,287,449		23,334,892		23,283,405
Weighted average dilutive impact of awards	197,904		194,813		197,904		194,813
Weighted average number of common stock – diluted	23,532,796		23,482,262		23,532,796		23,478,218
Basic EPS attributable to RDI common stockholders	$	0.17	$	0.02	$	0.39	$	0.84
Diluted EPS attributable to RDI common stockholders	$	0.16	$	0.02	$	0.38	$	0.83

Awards excluded from diluted EPS	108,000		100,000		108,000		100,000