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				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands, except share data)	2018		2017		2018		2017
Numerator:
Net income attributable to RDI common stockholders	$	1,297	$	1,577	$	9,405	$	23,677
Denominator:
Weighted average number of common stock – basic		23,006,040		22,968,017		22,988,227		23,101,619
Weighted average dilutive impact of awards		191,884		244,615		196,794		244,615
Weighted average number of common stock – diluted		23,197,924		23,212,632		23,185,021		23,346,234
Basic EPS attributable to RDI common stockholders	$	0.06	$	0.07	$	0.41	$	1.02
Diluted EPS attributable to RDI common stockholders	$	0.06	$	0.07	$	0.41	$	1.01
Awards excluded from diluted EPS		276,681		149,841		126,840		149,841

Our weighted average number of common stock - basic decreased during the three and nine months ended September 30, 2018, primarily as a result of the repurchase of shares of Class A Non-Voting Common Stock 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.