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, 2017		September 30, 2016		September 30, 2017		September 30, 2016
Numerator:
Net income attributable to RDI common stockholders	$	1,556	$	3,855	$	23,619	$	9,054
Denominator:
Weighted average number of common stock – basic	22,968,017		23,334,892		23,101,619		23,334,892
Weighted average dilutive impact of awards	244,615		197,904		244,615		197,904
Weighted average number of common stock – diluted	23,212,632		23,532,796		23,346,234		23,532,796
Basic EPS attributable to RDI common stockholders	$	0.07	$	0.17	$	1.02	$	0.39
Diluted EPS attributable to RDI common stockholders	$	0.07	$	0.16	$	1.01	$	0.38
Awards excluded from diluted EPS	149,841		108,000			149,841		108,000

Our weighted average number of common stock decreased as a result of our repurchase of 192,207 shares and 403,156 shares of Class A Common Stock for the quarter and nine months ended September 30, 2017, respectively, pursuant to our current stock repurchase program.