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, 2018		March 31, 2017
Numerator:
Net income attributable to RDI common stockholders	$	3,047	$	3,029
Denominator:
Weighted average number of common stock – basic	22,967,237		23,168,351
Weighted average dilutive impact of awards	165,752		296,825
Weighted average number of common stock – diluted	23,132,989		23,465,176
Basic EPS attributable to RDI common stockholders	$	0.13	$	0.13
Diluted EPS attributable to RDI common stockholders	$	0.13	$	0.13
Awards excluded from diluted EPS		--		--

Our weighted average number of common stock - basic decreased primarily as a result of our repurchase of 386,462 shares of Class A Common Stock during the 12 months ended March 31, 2018, pursuant to our current stock repurchase program offset by the issuance of shares due to the exercise of share options and vesting of restricted stock units.