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 is 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, 2018		June 30, 2017		June 30, 2018		June 30, 2017
Numerator:
Net income attributable to RDI common stockholders	$	4,999	$	19,032	$	8,045	$	22,063
Denominator:
Weighted average number of common stock – basic	22,933,589		23,148,995		22,979,436		23,168,703
Weighted average dilutive impact of awards	213,784		247,148		213,784		247,148
Weighted average number of common stock – diluted	23,147,373		23,396,143		23,193,220		23,415,851
Basic EPS attributable to RDI common stockholders	$	0.22	$	0.82	$	0.35	$	0.95
Diluted EPS attributable to RDI common stockholders	$	0.22	$	0.81	$	0.35	$	0.94
Awards excluded from diluted EPS	126,840		149,841			126,840		149,841

Our weighted average number of common stock - basic decreased primarily as a result of the repurchase of shares of Class A Non-Voting Common Stock “Class A Common Stock”) during the 12 months ended June 30, 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.