Note 4 – Earnings (Loss) Per Share

For the three years ended December 31, 2012, we calculated the following earnings (loss) per share (dollars in thousands, except per share amounts):



		2012		2011		2010
Income (loss) from continuing operations	$	(509)	$	8,068	$	(12,747)
Income (loss) from discontinued operations		(405)		1,888		97
Net income (loss) attributable to Reading International, Inc. common shareholders		(914)		9,956		(12,650)
Basic income (loss) per common share attributable to Reading International, Inc. shareholders:
Earnings (loss) from continuing operations	$	(0.02)	$	0.36	$	(0.56)
Earnings (loss) from discontinued operations, net		(0.02)		0.08		--
Basic income (loss) per share attributable to Reading International, Inc. shareholders	$	(0.04)	$	0.44	$	(0.56)
Diluted income (loss) per common share attributable to Reading International, Inc. shareholders:
Earnings (loss) from continuing operations	$	(0.02)	$	0.35	$	(0.56)
Earnings (loss) from discontinued operations, net		(0.02)		0.08		--
Diluted income (loss) per share attributable to Reading International, Inc. shareholders	$	(0.04)	$	0.43	$	(0.56)
Weighted average shares of common stock – basic		23,028,596		22,764,666		22,781,392
Weighted average shares of common stock – diluted		23,028,596		22,993,135		22,781,392

For the year ended December 31, 2011, the weighted average common stock – dilutive included 228,469 of incremental shares of exercisable in-the-money stock options and unissued restricted Class A Stock. For the years ended December 31, 2012 and 2010, we recorded losses from continuing operations. As such, the 284,054 and 235,517, respectively, of incremental shares of exercisable in-the-money stock options and unissued restricted Class A Stock were excluded from the computation of diluted loss per share because they were anti-dilutive in those periods. In addition, 791,286, 734,906, and 746,758 of out-of-the-money stock options were excluded from the computation of diluted earnings (loss) per share for the years ended December 31, 2012, 2011, and 2010, respectively. The total number of in-the-money stock options, out-of-the-money stock options, and unissued restricted Class A Stock that could potentially dilute basic earnings per share was 1,075,340, 963,375, and 982,275 for the years ended December 31, 2012, 2011, and 2010, respectively.