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Earnings Per Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Note 6 – 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) |  | 2024 |  | 2023 |  | 2024 |  | 2023
|  | (As Restated) |  |  |  |  | (As Restated) |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Reading International, Inc. |  | $ | (7,028) |  | $ | (4,400) |  | $ | (33,062) |  | $ | (18,289)
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common stock – basic |  |  | 22,426,184 |  |  | 22,273,423 |  |  | 22,394,385 |  |  | 22,208,757
Weighted average dilutive impact of awards |  |  | 776,008 |  |  | 1,240,292 |  |  | 871,190 |  |  | 1,240,292
Weighted average number of common stock – diluted |  |  | 23,202,192 |  |  | 23,513,715 |  |  | 23,265,575 |  |  | 23,449,049
Basic earnings (loss) per share |  | $ | (0.31) |  | $ | (0.20) |  | $ | (1.48) |  | $ | (0.82)
Diluted earnings (loss) per share |  | $ | (0.31) |  | $ | (0.20) |  | $ | (1.48) |  | $ | (0.82)
Awards excluded from diluted earnings (loss) per share |  |  | 207,657 |  |  | 205,122 |  |  | 207,657 |  |  | 205,122
Our weighted average number of common stock - basic increased, primarily as a result of the vesting of restricted stock units. We did no t repurchase any shares of Class A Common Stock during the first nine months of 2024 or 2023. 207,657 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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