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:



	Three Months Ended
	March 31,
(Dollars in thousands, except share data)	2019		2018
Numerator:
Net income (loss) attributable to RDI common stockholders	$	(2,081)	$	3,082
Denominator:
Weighted average number of common stock – basic		22,920,486		22,967,237
Weighted average dilutive impact of awards		203,620		165,752
Weighted average number of common stock – diluted		23,124,106		23,132,989
Basic earnings (loss) per share attributable to RDI common stockholders	$	(0.09)	$	0.13
Diluted earnings (loss) per share attributable to RDI common stockholders	$	(0.09)	$	0.13
Awards excluded from diluted earnings (loss) per share		496,089		—

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 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.