Note 4 – Earnings (Loss) Per Share

For the three years ended December 31, 2013, we calculated the following earnings (loss) per share (dollars in thousands, except per share amounts):



		2013		2012		2011
Income (loss) from continuing operations	$	9,041	$	(509)	$	8,068
Income (loss) from discontinued operations		--		(405)		1,888
Net income (loss) attributable to Reading International, Inc. common shareholders		9,041		(914)		9,956
Basic income (loss) per common share attributable to Reading International, Inc. shareholders:
Earnings (loss) from continuing operations	$	0.39	$	(0.02)	$	0.36
Earnings (loss) from discontinued operations, net		--		(0.02)		0.08
Basic income (loss) per share attributable to Reading International, Inc. shareholders	$	0.39	$	(0.04)	$	0.44
Diluted income (loss) per common share attributable to Reading International, Inc. shareholders:
Earnings (loss) from continuing operations	$	0.38	$	(0.02)	$	0.35
Earnings (loss) from discontinued operations, net		--		(0.02)		0.08
Diluted income (loss) per share attributable to Reading International, Inc. shareholders	$	0.38	$	(0.04)	$	0.43
Weighted average shares of common stock – basic		23,348,003		23,028,596		22,764,666
Weighted average shares of common stock – diluted		23,520,271		23,028,596		22,993,135

For the years ended December 31, 2013 and 2011, the weighted average common stock – dilutive included 172,268 and 228,469, respectively, of incremental shares of exercisable in-the-money stock options and unissued restricted Class A Stock. For the year ended December 31, 2012, we recorded a loss from continuing operations. As such, the 284,054 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 that period. In addition, 847,891, 791,286, and 734,906 of out-of-the-money stock options were excluded from the computation of diluted earnings (loss) per share for the years ended December 31, 2013, 2012, and 2011, 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 1,020,159, 1,075,340, and 963,375 for the years ended December 31, 2013, 2012, and 2011, respectively.