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
	June 30,				June 30,
(Dollars in thousands, except share data)	2019		2018		2019		2018
Numerator:
Net income (loss) attributable to RDI common stockholders	$	2,394	$	5,027	$	313	$	8,108
Denominator:
Weighted average number of common stock – basic		22,894,083		22,933,589		22,901,764		22,979,436
Weighted average dilutive impact of awards		165,650		213,784		172,909		213,784
Weighted average number of common stock – diluted		23,059,733		23,147,373		23,074,673		23,193,220
Basic earnings (loss) per share attributable to RDI common stockholders	$	0.10	$	0.22	$	0.01	$	0.35
Diluted earnings (loss) per share attributable to RDI common stockholders	$	0.10	$	0.22	$	0.01	$	0.35
Awards excluded from diluted earnings (loss) per share		516,010		126,840		516,010		126,840

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. During the first six months of 2019, we repurchased 196,955 shares of Class A Non-Voting Common Stock at an average price of $13.33 per share.