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, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Numerator:
Net income attributable to RDI common stockholders	$	19,032	$	2,970	$	22,063	$	5,199
Denominator:
Weighted average number of common stock – basic	23,148,995		23,334,892		23,168,703		23,334,892
Weighted average dilutive impact of awards	247,148		209,067		247,148		209,067
Weighted average number of common stock – diluted	23,396,143		23,543,959		23,415,851		23,543,959
Basic EPS attributable to RDI common stockholders	$	0.82	$	0.13	$	0.95	$	0.22
Diluted EPS attributable to RDI common stockholders	$	0.81	$	0.13	$	0.94	$	0.22
Awards excluded from diluted EPS	149,841		265,327			149,841		265,327