Earnings Per Share

3 Months Ended

Mar. 31, 2017

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:


	Three Months Ended
(Dollars in thousands, except share data)	March 31, 2017		March 31, 2016
Numerator:
Net income attributable to RDI common stockholders	$	3,029	$	2,226
Denominator:
Weighted average number of common stock – basic	23,168,351		23,334,892
Weighted average dilutive impact of awards	296,825		197,966
Weighted average number of common stock – diluted	23,465,176		23,532,858
Basic EPS attributable to RDI common stockholders	$	0.13	$	0.10
Diluted EPS attributable to RDI common stockholders	$	0.13	$	0.09
Awards excluded from diluted EPS		--		--