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Earnings Per Share | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | Note 5 – Earnings Per Share Basic earnings per share (“EPS”) is calculated by dividing the net income attributable to our Company by the weighted average number of common shares outstanding during the period. Diluted EPS is calculated by dividing the net income attributable to our Company 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) 2021 2020 2021 2020Numerator: Net income (loss) attributable to Reading International, Inc $ (10,095) (19,228) $ 31,572 $ (47,806)Denominator: Weighted average number of common stock – basic 21,809,402 21,748,531 21,792,007 21,749,146Weighted average dilutive impact of awards — — 670,650 —Weighted average number of common stock – diluted 21,809,402 21,748,531 22,462,657 21,749,146Basic earnings (loss) per share $ (0.46) (0.88) $ 1.45 $ (2.20)Diluted earnings (loss) per share $ (0.46) (0.88) $ 1.41 $ (2.20)Awards excluded from diluted earnings (loss) per share 492,344 674,676 517,344 674,676 Our weighted average number of common stock - basic increased, primarily as a result of the vesting of restricted stock units. During the first nine months of 2021, we did not repurchase any shares of Class A Common Stock. Certain shares issuable under stock options and restricted stock units were excluded from the computation of diluted net income (loss) per share in periods when their effect was anti-dilutive; either because our Company incurred a net loss for the period, or the exercise price of the options was greater than the average market price of the common stock during the period, or the effect was anti-dilutive as a result of applying the treasury stock method.

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